Exhibit 99.1
Schedule 3 - Exception Grades
Exception Grades
Run Date - 7/30/2026 2:21:31 PM
| SitusAMC Loan ID | Customer Loan ID | Seller Loan ID | Investor Loan Number | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | 15E Category | Exception | Exception Detail | Exception Information | Compensating Factors | Compensating Factor Information | Applying Party | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Waived with Regrade | Exception Level Grade | DBRS Initial Exception Rating | DBRS Final Exception Rating | Fitch Initial Exception Rating | Fitch Final Exception Rating | Kroll Initial Exception Rating | Kroll Final Exception Rating | Moody's Initial Exception Rating | Moody's Final Exception Rating | S&P Initial Exception Rating | S&P Final Exception Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade |
Overall Final Loan Grade |
Credit Initial Loan Grade |
Credit Final Loan Grade |
Compliance Initial Loan Grade |
Compliance Final Loan Grade |
Property Initial Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| 222907641 | [Redacted] | [Redacted] | 32885146 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation is not required as AVM Value is supported. | Reviewer Comment (2025-02-20): Waive per Client's guidance |
02/20/2025 | No | 3 | D | N/A | A | A | N/A | N/A | D | D | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 222907641 | [Redacted] | [Redacted] | 32885147 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-02-20): Waive per Client's guidance |
02/20/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 223785565 | [Redacted] | [Redacted] | 34000654 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-07-22): per deal notes |
07/22/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 223785565 | [Redacted] | [Redacted] | 34000655 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-07-22): per deal notes |
07/22/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | SC | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 223785565 | [Redacted] | [Redacted] | 34000657 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-07-22): Client elects to waive. |
07/22/2025 | No | 2 | A | A | A | A | A | A | B | B | SC | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 223958307 | [Redacted] | [Redacted] | 34305337 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-08-28): per deal notes |
08/28/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 223958307 | [Redacted] | [Redacted] | 34320374 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Please provide close out letter for [redacted] Heloc being paid with loan proceeds. | Reviewer Comment (2025-09-02): Cleared. Received close out letter. Buyer Comment (2025-08-28): close out ltr upld |
09/02/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 223977284 | [Redacted] | [Redacted] | 34333396 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-02): per deal notes |
09/02/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 223995615 | [Redacted] | [Redacted] | 34363892 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-05): per deal notes |
09/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 223995615 | [Redacted] | [Redacted] | 34363895 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Secondary valuation is missing, as would be required for securitization. | Reviewer Comment (2026-07-20): Received AVM |
07/20/2026 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 223995669 | [Redacted] | [Redacted] | 34364349 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-05): per deal notes |
09/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Non QM | Non QM | No | ||||||||||||
| 223995669 | [Redacted] | [Redacted] | 34364351 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-05): per deal notes |
09/05/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Non QM | Non QM | No | |||||||||||||
| 223995669 | [Redacted] | [Redacted] | 34364352 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-05): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]. |
09/05/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Non QM | Non QM | No | |||||||||||||
| 224004202 | [Redacted] | [Redacted] | 34372171 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-09): Client elects to waive. |
09/09/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NJ | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224004202 | [Redacted] | [Redacted] | 34372173 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-09): Client elects to waive. |
09/09/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224004202 | [Redacted] | [Redacted] | 34372180 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-09-09): Client elects to waive. |
09/09/2025 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224004202 | [Redacted] | [Redacted] | 34372339 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Verification of employment not provided for borrower wage income. | Reviewer Comment (2025-09-17): Received Borrower VVOE document within the [redacted] days business days from the Closing date. Exception Cleared. Buyer Comment (2025-09-16): PC Cert |
09/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224004202 | [Redacted] | [Redacted] | 34372340 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted]business days of the Note. | - | Verbal Verification of employment not provided for borrower wage income. | Reviewer Comment (2025-09-17): Received Borrower VVOE document within the [redacted] days business days from the Closing date. Exception Cleared. Buyer Comment (2025-09-16): VVOEs |
09/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224004202 | [Redacted] | [Redacted] | 34372346 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to verification of employment not provided for borrower wage income. | Reviewer Comment (2025-09-17): Received Borrower VVOE document within the [redacted] days business days from the Closing date. Exception Cleared. Buyer Comment (2025-09-16): No income is being used from [redacted] therefore, a wvoe is not needed. |
09/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224004202 | [Redacted] | [Redacted] | 34372347 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall due to verification of employment not provided for borrower wage income. | Reviewer Comment (2025-09-17): Received Borrower VVOE document within the [redacted] days business days from the Closing date. Exception Cleared. Buyer Comment (2025-09-16): No income is being used from [redacted], therefore, a wvoe is not needed. |
09/17/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224004202 | [Redacted] | [Redacted] | 34372348 | Compliance | Compliance | Federal Compliance | Compliance | Not Eligible for QM based on Appendix Q | Qualified Mortgage: Loan submitted with an originator loan designation of Safe Harbor or Higher Priced QM using Appendix Q. Loans with creditor application date on or after [redacted] are not eligible for QM based on Appendix Q. Loan was tested for compliance with General ATR. Restated loan originator loan designation required to test loan for QM status under General QM (APOR) pricing-based test. | Waterfall due to verification of employment not provided for borrower wage income. | Reviewer Comment (2025-09-17): Received Borrower VVOE document within the [redacted] days business days from the Closing date. Exception Cleared. Buyer Comment (2025-09-16): No income is being used from [redacted] therefore, a wvoe is not needed. |
09/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224004202 | [Redacted] | [Redacted] | 34372350 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to verification of employment not provided for borrower wage income. | Reviewer Comment (2025-09-17): Received Borrower VVOE document within the [redacted] days business days from the Closing date. Exception Cleared. Buyer Comment (2025-09-16): No income is being used from [redacted] therefore, a wvoe is not needed. |
09/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224012519 | [Redacted] | [Redacted] | 34390048 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-11): Client elects to waive. |
09/11/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | C | C | A | A | A | A | C | N/A | Exempt from ATR | No | ||||||||||||
| 224012519 | [Redacted] | [Redacted] | 34390098 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Reviewer Comment (2025-09-23): Received Preliminary Title Report. Exception cleared. Buyer Comment (2025-09-19): title Reviewer Comment (2025-09-18): Require complete set of Title document. Provided is only supplemental report. Exception remains. Buyer Comment (2025-09-16): Title supplemental |
09/23/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | C | C | A | A | A | A | C | N/A | Exempt from ATR | No | ||||||||||||
| 224012519 | [Redacted] | [Redacted] | 37004986 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-20): Cleared. Received AVM |
07/20/2026 | No | 1 | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | C | C | A | A | A | A | C | N/A | Exempt from ATR | No | |||||||||||||||||
| 224012519 | [Redacted] | [Redacted] | 37028423 | Property | Credit | General | Credit | The property type differs between the valuation documents in file. Unable to verify the property type. Ineligible per guidelines. | The appraisal reflects the subject property as two units however the AVM indicates one unit. | Reviewer Comment (2026-07-28): Client elects to waive. Per client, per [redacted] Guidelines only require one valuation product. |
07/28/2026 | No | 3 | C | C | C | C | C | CA | Investment | Refinance - Cash-out - Other | C | C | C | A | A | A | A | C | N/A | Exempt from ATR | No | ||||||||||||||||
| 224012519 | [Redacted] | [Redacted] | 37028435 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | The vaiance between the appraisal and AVM is greater than [redacted]%. | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | CA | Investment | Refinance - Cash-out - Other | C | C | C | A | A | A | A | C | N/A | Exempt from ATR | No | ||||||||||||||||
| 224012526 | [Redacted] | [Redacted] | 34389742 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-17): Not required. |
09/17/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224012531 | [Redacted] | [Redacted] | 34389814 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-20): Cleared. Received AVM |
07/20/2026 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224012531 | [Redacted] | [Redacted] | 34389815 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-11): per deal notes |
09/11/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224012531 | [Redacted] | [Redacted] | 34389835 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. | Reviewer Comment (2025-09-18): Received email correspondence confirming [redacted]% guaranteed replacement cost. Exception cleared. Buyer Comment (2025-09-17): [redacted]% replacement cost coverage |
09/18/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224012531 | [Redacted] | [Redacted] | 34390081 | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted], Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. | The file is missing the [redacted]personal and business tax returns. Evidence of extension was not provided in file for [redacted]. | Reviewer Comment (2025-09-23): Received extension. Condition cleared. Buyer Comment (2025-09-19): tax extension Reviewer Comment (2025-09-18): Provided account transcript is a part of the initial package. Provide signed and dated 1040s for [redacted] or Evidence of extension for [redacted]. Exception remains. Buyer Comment (2025-09-17): tax extension |
09/23/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224012531 | [Redacted] | [Redacted] | 34390082 | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted], Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. | The file is missing the [redacted]personal and business tax returns. Evidence of extension was not provided in file for [redacted]. | Reviewer Comment (2025-09-23): Received extension. Condition cleared. |
09/23/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224012531 | [Redacted] | [Redacted] | 34390083 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of Non QM. | Loan designation failure due to missing [redacted]business or personal tax returns not provided in file for borrower. | Reviewer Comment (2025-09-23): Received extension. Condition cleared. |
09/23/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224012531 | [Redacted] | [Redacted] | 34390084 | Compliance | Compliance | Federal Compliance | Compliance | Not Eligible for QM based on Appendix Q | Qualified Mortgage: Loan submitted with an originator loan designation of Safe Harbor or Higher Priced QM using Appendix Q. Loans with creditor application date on or after [redacted] are not eligible for QM based on Appendix Q. Loan was tested for compliance with General ATR. Restated loan originator loan designation required to test loan for QM status under General QM (APOR) pricing-based test. | Waterfall due to most recent year [redacted]business or personal tax returns not provided in file for borrower and co-borrower self-employed income. | Reviewer Comment (2025-09-23): Received extension. Condition cleared. |
09/23/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224012531 | [Redacted] | [Redacted] | 34527589 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted], Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. | EV2 exception is for informational purposes only due to the recency of the tax returns provided. | Buyer Comment (2025-09-23): [redacted] to waive this EV2 |
09/23/2025 | No | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224012531 | [Redacted] | [Redacted] | 34527590 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted], Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. | EV2 exception is for informational purposes only due to the recency of the tax returns provided. | Buyer Comment (2025-09-23): [redacted] to waive this EV2 |
09/23/2025 | No | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224021454 | [Redacted] | [Redacted] | 34402659 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-09-11): Client elects to waive. |
09/11/2025 | No | 2 | A | A | A | A | A | A | B | B | NY | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224021454 | [Redacted] | [Redacted] | 34402660 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-11): Client elects to waive. |
09/11/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224036538 | [Redacted] | [Redacted] | 34414305 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | Comparable rent schedule for subject property located at [redacted] not provided in file. | Reviewer Comment (2025-09-19): Lease agreement available in loan file. Exception cleared Buyer Comment (2025-09-17): We used the lease for income. |
09/19/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224036538 | [Redacted] | [Redacted] | 34425713 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-12): per deal notes |
09/12/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224038796 | [Redacted] | [Redacted] | 34412405 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-15): Not applicable. |
09/15/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224038839 | [Redacted] | [Redacted] | 34412338 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-09-15): Not required. |
09/15/2025 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224038839 | [Redacted] | [Redacted] | 34412341 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-15): Not required. |
09/15/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224038839 | [Redacted] | [Redacted] | 34412343 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-15): Not required. |
09/15/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | FL | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224038839 | [Redacted] | [Redacted] | 34450652 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing a signed/dated close out letter for the Heloc paid at closing. | Reviewer Comment (2025-09-29): HELOC close out letter received & associated. Exception cleared. Buyer Comment (2025-09-25): Heloc close out letter Reviewer Comment (2025-09-23): Received snip that the account is been paid off. but file is missing signed/dated close out letter for the Heloc paid at closing. Exception remains. Buyer Comment (2025-09-19): Proof of HELOC PAID |
09/29/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224039065 | [Redacted] | [Redacted] | 34425872 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-09-23): Client elects to waive. Buyer Comment (2025-09-19): Please disposition according to deal notes. |
09/23/2025 | No | 2 | A | A | A | A | A | A | B | B | HI | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224039065 | [Redacted] | [Redacted] | 34425880 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-23): Client elects to waive. Buyer Comment (2025-09-19): Please disposition according to deal notes. |
09/23/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | HI | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224039065 | [Redacted] | [Redacted] | 34425884 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-23): Client elects to waive. Buyer Comment (2025-09-19): Please disposition according to deal notes. |
09/23/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | HI | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224039094 | [Redacted] | [Redacted] | 34425977 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-19): Client elects to waive. |
09/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224039094 | [Redacted] | [Redacted] | 34425978 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-09-19): Client elects to waive. |
09/19/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224058277 | [Redacted] | [Redacted] | 34471230 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-09-17): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
09/17/2025 | No | 2 | A | A | A | A | A | A | B | B | NV | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Non QM | Non QM | No | ||||||||||||
| 224058277 | [Redacted] | [Redacted] | 34471242 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-17): per deal notes |
09/17/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NV | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Non QM | Non QM | No | |||||||||||||
| 224058277 | [Redacted] | [Redacted] | 34471243 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-17): waive per deal notes |
09/17/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Non QM | Non QM | No | ||||||||||||
| 224065249 | [Redacted] | [Redacted] | 34479936 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - 1-4 Family not provided | Rider- 1-4 Family not provided. | Reviewer Comment (2025-09-24): Rider - 1-4 Family received. Exception cleared. Buyer Comment (2025-09-22): [redacted] 1-4 Family Rider |
09/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | |||||||||||
| 224065249 | [Redacted] | [Redacted] | 34480007 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-17): Not required. |
09/17/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | ||||||||||||
| 224065249 | [Redacted] | [Redacted] | 34480015 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2025-09-17): Not required. |
09/17/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NY | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | ||||||||||||||
| 224065249 | [Redacted] | [Redacted] | 34480018 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-17): Not required. |
09/17/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NY | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | |||||||||||||
| 224065249 | [Redacted] | [Redacted] | 34480020 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-09-17): Not required. |
09/17/2025 | No | 2 | A | A | A | A | A | A | B | B | NY | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | ||||||||||||
| 224065307 | [Redacted] | [Redacted] | 34479435 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-17): per deal notes |
09/17/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224065307 | [Redacted] | [Redacted] | 34486575 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Notice of Special Floods signed at closing on [redacted]. | Reviewer Comment (2025-09-23): Received Notice of Special Flood Hazards. Exception cleared. Buyer Comment (2025-09-20): Special flood discl |
09/23/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Investment | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224083291 | [Redacted] | [Redacted] | 34491181 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-18): per deal notes |
09/18/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224083291 | [Redacted] | [Redacted] | 34491234 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Tax certification, HOA missing for REO property located at [redacted]. | Reviewer Comment (2025-09-23): Received HOA Verification. Exception Cleared. Buyer Comment (2025-09-22): There is no Taxes and this is a Coop see attached the coop fees |
09/23/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224083553 | [Redacted] | [Redacted] | 34486408 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Secondary valuation is missing in file. | Reviewer Comment (2025-09-26): Received CDA. Buyer Comment (2025-09-24): CDA |
09/26/2025 | No | 1 | D | A | A | A | D | A | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | A | A | D | A | N/A | No | |||||||||||||||
| 224083829 | [Redacted] | [Redacted] | 34491289 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-18): per deal notes |
09/18/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224083829 | [Redacted] | [Redacted] | 34491291 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-18): per deal notes |
09/18/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | FL | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224083829 | [Redacted] | [Redacted] | 34491292 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-09-18): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
09/18/2025 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224084130 | [Redacted] | [Redacted] | 34491977 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-09-18): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
09/18/2025 | No | 2 | A | A | A | A | A | A | B | B | NY | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224084130 | [Redacted] | [Redacted] | 34491978 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-18): per deal notes |
09/18/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NY | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224084130 | [Redacted] | [Redacted] | 34491979 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-18): waive per deal notes |
09/18/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224089529 | [Redacted] | [Redacted] | 34495816 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-09-19): Client elects to waive. |
09/19/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | D | C | B | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224089529 | [Redacted] | [Redacted] | 34495817 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-19): Client elects to waive. |
09/19/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | CA | Primary | Refinance - Cash-out - Other | D | D | C | B | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224089529 | [Redacted] | [Redacted] | 34495820 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-19): Client elects to waive. |
09/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | D | C | B | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224089529 | [Redacted] | [Redacted] | 34495925 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Replacement Estimator is required as coverage shortfall by $[redacted]. | Reviewer Comment (2025-09-25): Replacement cost estimator document received, exception cleared. Buyer Comment (2025-09-24): HOI |
09/25/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | D | C | B | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224089529 | [Redacted] | [Redacted] | 34495968 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on[redacted], prior to three ([redacted]) business days from transaction date of [redacted] | Subject loan transaction disbursed on [redacted], prior to ([redacted]) business days from transaction date. The final CD and security instrument was signed on [redacted]. | Reviewer Comment (2025-09-24): Closing Statement received, exception cleared. Buyer Comment (2025-09-22): [redacted] |
09/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | D | C | B | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224089529 | [Redacted] | [Redacted] | 34496032 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for non-occupant co-borrower for CES on bank statement program is approved. Max [redacted]% LTV, max [redacted]% CLTV. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Documentation Type: [redacted] Disposable Income: $[redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-09-19): Client elects to waive with compensating factors. |
09/19/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | D | D | C | B | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224101190 | [Redacted] | [Redacted] | 34497895 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-22): Not required. |
09/22/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224101321 | [Redacted] | [Redacted] | 34498720 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-22): Not applicable. |
09/22/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224101321 | [Redacted] | [Redacted] | 34498721 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-22): Not required. |
09/22/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NY | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224101321 | [Redacted] | [Redacted] | 34498738 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-22): Not required. |
09/22/2025 | No | 2 | A | A | A | A | A | A | B | B | NY | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224101753 | [Redacted] | [Redacted] | 34512650 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-22): Not applicable. |
09/22/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224101753 | [Redacted] | [Redacted] | 34512651 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-22): Not required. |
09/22/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NJ | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224101753 | [Redacted] | [Redacted] | 34512652 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-22): Not required. |
09/22/2025 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224101753 | [Redacted] | [Redacted] | 34523628 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Payoff Statement(s) not provided | File is missing the payoff for the 2nd mortgage paid at closing. | Reviewer Comment (2025-09-24): Received required documentation. Condition cleared. Buyer Comment (2025-09-23): payoff |
09/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224117086 | [Redacted] | [Redacted] | 34516998 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - 1-4 Family not provided | Rider - 1-4 Family was not provided. | Reviewer Comment (2025-09-29): Rider - 1-4 Family received & associated. Exception cleared. Buyer Comment (2025-09-26): Rider |
09/29/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||
| 224117086 | [Redacted] | [Redacted] | 34517001 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-24): Not required. |
09/24/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224117086 | [Redacted] | [Redacted] | 34517002 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-24): Not required. |
09/24/2025 | No | 2 | A | A | A | A | A | A | B | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||||
| 224117086 | [Redacted] | [Redacted] | 34517004 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File is missing a currect Mortgage statement, HOA, Insurance and Taxes were not provided for the Primary property #[redacted]. | Reviewer Comment (2025-09-29): Closing disclosure received & associated. Exception cleared. Buyer Comment (2025-09-26): uploaded fpl, final cd, and [redacted] Buyer Comment (2025-09-26): primary residence |
09/29/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 224117086 | [Redacted] | [Redacted] | 34539658 | Credit | Credit | Miscellaneous | Credit | Guideline Requirement: Reverified Investor qualifying total debt ratio discrepancy. | Calculated Reverified investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Data discrepancy with the DTI. Lender DTI [redacted]%. DD review DTI [redacted]%. Discrepancy due to lender is using lower rent loss on subject property and the file is missing all property expenses for the borrower's primary residence. | Reviewer Comment (2025-10-07): 1st mortgage payment made by business. [redacted] months' pay history provided, not using rental income from subject property. Exception cleared. Buyer Comment (2025-10-06): Mortgage statement [redacted] Reviewer Comment (2025-10-03): Please provide mortgage statement to verify payments made based on the payment history provided is for subject first mortgage to exclude from dti. Buyer Comment (2025-10-01): PC Cert Reviewer Comment (2025-09-30): Reviewed lenders trailing docs, emails and rebuttal. The rental being used by DD is the same as the lender. Evidence of the business paying the new 1st mortgage was not located in the file. Buyer Comment (2025-09-30): Additionally First mortgage is paid for by [redacted] Buyer Comment (2025-09-30): Rental income Reviewer Comment (2025-09-30): A letter of explanation stating an intent to list the property for list, listing agreement for properties listed for sale, or contract for sale and additional reserves for departing residence. Exception remains Buyer Comment (2025-09-26): primary residence |
10/07/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 224121171 | [Redacted] | [Redacted] | 34536028 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-24): Client elects to waive. |
09/24/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224121171 | [Redacted] | [Redacted] | 34536029 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-24): Client elects to waive. |
09/24/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | UT | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224121171 | [Redacted] | [Redacted] | 34536030 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-24): Client elects to waive. |
09/24/2025 | No | 2 | A | A | A | A | A | A | B | B | UT | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224121171 | [Redacted] | [Redacted] | 34536043 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Rider - Other not provided | Simple Interest Rider is missing. | Reviewer Comment (2025-09-29): Received Simple Interest Rider. Exception cleared. Buyer Comment (2025-09-26): Simple Interest Rider |
09/29/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224125331 | [Redacted] | [Redacted] | 34525429 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-24): per deal notes |
09/24/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224125331 | [Redacted] | [Redacted] | 34525434 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy Amount of $ [redacted]is less than the note amount of $ [redacted]based on the Commitment in file | Reviewer Comment (2025-10-01): Received updated Title Commitment with updated amount. Exception cleared. Buyer Comment (2025-09-30): title |
10/01/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | UT | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224128868 | [Redacted] | [Redacted] | 34536256 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-24): Client elects to waive. |
09/24/2025 | No | 1 | A | A | A | A | A | A | A | A | A | A | AR | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224128868 | [Redacted] | [Redacted] | 34536257 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-24): Client elects to waive. |
09/24/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | AR | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224128868 | [Redacted] | [Redacted] | 34536258 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-24): Client elects to waive. |
09/24/2025 | No | 2 | A | A | A | A | A | A | B | B | AR | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224129889 | [Redacted] | [Redacted] | 34536452 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing in the file. | Reviewer Comment (2025-10-01): E-Sign Consent Agreement received, exception cleared Buyer Comment (2025-09-29): audit trail |
10/01/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224129889 | [Redacted] | [Redacted] | 34536460 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-25): Not required. |
09/25/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224129889 | [Redacted] | [Redacted] | 34536461 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-25): Not required. |
09/25/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | CA | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224129889 | [Redacted] | [Redacted] | 34536463 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-25): Not required. |
09/25/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224129889 | [Redacted] | [Redacted] | 34536471 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | Reviewer Comment (2025-10-01): Received property inspection report, Exception Cleared Buyer Comment (2025-09-29): See DOC[redacted] |
10/01/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224129889 | [Redacted] | [Redacted] | 34536482 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Provide mortgage statement/final Closing disclosure for the property [redacted]. Must be PITIA otherwise evidence of taxes, insurance and HOA (if applicable) will be required. | Reviewer Comment (2025-10-01): Mortgage statement received, Exception Cleared Buyer Comment (2025-09-29): REO docs |
10/01/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224129889 | [Redacted] | [Redacted] | 34550535 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Discrepancy in debt ratio. Lender DTI [redacted]%. Due diligence review debt ratio is [redacted]%. It appears lender is including the [redacted]mortgages with [redacted] and [redacted] in the debt ratio. Clarification will be required or proof the [redacted] mortgages have been paid off. | Reviewer Comment (2025-10-01): Refinance Closing Disclosure received, Exception Cleared Buyer Comment (2025-09-29): These are excluded. |
10/01/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224129889 | [Redacted] | [Redacted] | 34550575 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of [redacted]QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Failure due to DTI discrepancy and missing REO documents. | Reviewer Comment (2025-10-01): Refinance Closing Disclosure received, Exception Cleared Buyer Comment (2025-09-29): see uploaded |
10/01/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224129889 | [Redacted] | [Redacted] | 34550576 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Failure due to DTI discrepancy and missing REO documents. | Reviewer Comment (2025-10-01): Refinance Closing Disclosure received, Exception Cleared Buyer Comment (2025-09-29): see uploaded |
10/01/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224130818 | [Redacted] | [Redacted] | 34537433 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-24): waived per deal notes |
09/24/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | D | B | B | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224130818 | [Redacted] | [Redacted] | 34537435 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-24): per deal notes |
09/24/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | CA | Primary | Refinance - Cash-out - Other | D | D | B | B | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224130818 | [Redacted] | [Redacted] | 34537436 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-24): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
09/24/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | D | B | B | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224130818 | [Redacted] | [Redacted] | 34537660 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | An exception has been made for the low FICO score of [redacted], although the minimum allowed FICO score is [redacted]. | Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. |
Documentation Type: [redacted] Disposable Income: $[redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-09-24): Client elected to waive exceptions with compensating factors. |
09/24/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | D | D | B | B | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224136467 | [Redacted] | [Redacted] | 34542501 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-03): Client elects to waive. Buyer Comment (2025-10-01): Please deposition according to deal notes |
10/03/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | C | A | D | D | Non QM | Non QM | No | |||||||||||||
| 224136467 | [Redacted] | [Redacted] | 34542505 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-03): Client elects to waive. Buyer Comment (2025-10-01): Please deposition according to deal notes |
10/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | C | A | D | D | Non QM | Non QM | No | ||||||||||||
| 224136467 | [Redacted] | [Redacted] | 34542545 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to [redacted] business days from transaction date of [redacted] | Closing date was [redacted] and the disbursement date was [redacted]. The variance in dates is caused by the security instrument not being signed until the day after closing on [redacted] | Reviewer Comment (2025-10-07): Received PCCD. Condition cleared. Buyer Comment (2025-10-03): PCCD/LOX and proof of delivery via Mail Reviewer Comment (2025-10-03): The issue here is the dates on the final CD. The final CD indicates the loan will disburse on [redacted] which is incorrect. Please provide PC CD, a letter to the borrower and evidence of receipt to cure exception. Buyer Comment (2025-10-01): Please cancel condition as borrowers both amended the Notice of Right to Cancel forms to show recission closes [redacted] which is accurate based on a [redacted] closing date. Loan did not disburse until after [redacted]. Timing requirements have been met. |
10/07/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | D | A | A | C | A | D | D | Non QM | Non QM | Yes | |||||||||
| 224138488 | [Redacted] | [Redacted] | 34546098 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | D | B | A | A | A | D | D | N/A | Exempt from ATR | No | ||||||||||||
| 224138488 | [Redacted] | [Redacted] | 34546099 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-03): Client elects to waive. Buyer Comment (2025-10-01): AVM and PCI |
10/03/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | CA | Investment | Refinance - Cash-out - Other | D | D | B | A | A | A | D | D | N/A | Exempt from ATR | No | |||||||||||||
| 224138488 | [Redacted] | [Redacted] | 34546100 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-03): Client elects to waive |
10/03/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | D | D | B | A | A | A | D | D | N/A | Exempt from ATR | No | |||||||||||||
| 224138488 | [Redacted] | [Redacted] | 34546103 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-10-02): Supplement Title report received. Buyer Comment (2025-10-01): Supplemental |
10/02/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | D | D | B | A | A | A | D | D | N/A | Exempt from ATR | No | ||||||||||||
| 224138590 | [Redacted] | [Redacted] | 34546763 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-10-01): Received E-sign Consent document, information validated. Exception Cleared. Buyer Comment (2025-09-30): audit trail |
10/01/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224138590 | [Redacted] | [Redacted] | 34546779 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-01): Client elects to waive. Buyer Comment (2025-09-30): PCI |
10/01/2025 | No | 2 | A | A | A | A | A | A | B | B | GA | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224138590 | [Redacted] | [Redacted] | 34546780 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. [redacted] provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-01): Client elects to waive. Buyer Comment (2025-09-30): see uploaded |
10/01/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | GA | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224138590 | [Redacted] | [Redacted] | 34546781 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-01): Client elects to waive. Buyer Comment (2025-09-30): please disposition per deal notes |
10/01/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224140093 | [Redacted] | [Redacted] | 34546423 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224140093 | [Redacted] | [Redacted] | 34547203 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Unknown Loan Designation Test | Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation not provided. Loan tested as Non-QM. Due Diligence Loan Designation is Non QM. | Loan designation failure due to compliance report is missing. | Reviewer Comment (2025-10-02): Compliance report provided in file, information validated. Exception Cleared. Buyer Comment (2025-09-30): Mavent |
10/02/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | VA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 224140119 | [Redacted] | [Redacted] | 34547001 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-03): Client elects to waive. Buyer Comment (2025-10-01): if this condition is for informational purposes only, it may be waived. |
10/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224140119 | [Redacted] | [Redacted] | 34547002 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224140119 | [Redacted] | [Redacted] | 34547003 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224140121 | [Redacted] | [Redacted] | 34550295 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $ [redacted]. Coverage must be at least the lessor of the Cost new from the appraisal or the loan amount | Reviewer Comment (2025-10-03): RCE was provided Buyer Comment (2025-10-02): hoi |
10/03/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| 224140121 | [Redacted] | [Redacted] | 34550299 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-26): per deal notes |
09/26/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| 224140121 | [Redacted] | [Redacted] | 34550303 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-20): Cleared. Received AVM |
07/20/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||
| 224140121 | [Redacted] | [Redacted] | 34583176 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy with DTI. Lender DTI [redacted], review DTI [redacted]% . The reason for the discrepancy is due to primary P&I, on [redacted]it is $ [redacted] however CD provided shows [redacted] | Reviewer Comment (2025-10-03): Cleared. Received updated [redacted]and [redacted]. Buyer Comment (2025-10-02): updated [redacted]& [redacted] |
10/03/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| 224140121 | [Redacted] | [Redacted] | 34583228 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [redacted] housing late (vs. guideline of Housing Credit may not exceed [redacted]and [redacted]in the aggregate over the [redacted]months preceding the Application date). | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-09-26): Client elected to waive exceptions with compensating factors. |
09/26/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||
| 224140121 | [Redacted] | [Redacted] | 34583262 | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | Housing history reflects lates that do not meet guidelines. | - Housing history reflects a total of ___ reported late payments. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
DTI: [redacted]% Guideline Maximum DTI: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-10-03): Client elects to waive with compensating factors. Reviewer Comment (2025-10-03): Lender exception provided for delinquent housing payment of [redacted] Buyer Comment (2025-10-01): PC Cert |
10/03/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||
| 224140845 | [Redacted] | [Redacted] | 34572775 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Reviewer Comment (2025-10-09): Received bank statement for asset depletion income. Exception cleared. Buyer Comment (2025-10-08): PC Cert Reviewer Comment (2025-10-08): Require Bank Statement for consecutive period as provided bank statements reflects period from [redacted] which does not suffice the requirement. Exception Remains. Buyer Comment (2025-10-07): statements submitted |
10/09/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Non QM | Non QM | No | |||||||||||
| 224140845 | [Redacted] | [Redacted] | 34573766 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Bank statement missing for Asset depletion income. | Reviewer Comment (2025-10-09): Received bank statement for asset depletion income. Exception cleared. Buyer Comment (2025-10-08): PC Cert submitted Reviewer Comment (2025-10-08): Require Bank Statement for consecutive period as provided bank statements reflects period from [redacted] which does not suffice the requirement. Exception Remains. Buyer Comment (2025-10-07): [redacted] Savings statement |
10/09/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | D | C | A | C | A | D | D | Non QM | Non QM | Yes | |||||||||
| 224140845 | [Redacted] | [Redacted] | 34573767 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Asset Depletion Income | Ability to Repay (Dodd-Frank 2014): Unable to verity asset depletion income due to, missing Bank Statement, Verification of Deposit, Third Party Verification or Other documentation. | Bank statement missing for Asset depletion income. | Reviewer Comment (2025-10-09): Received bank statement for asset depletion income. Exception cleared. Buyer Comment (2025-10-08): PC Cert submitted Reviewer Comment (2025-10-08): Require Bank Statement for consecutive period as provided bank statements reflects period from [redacted] which does not suffice the requirement. Exception Remains. Buyer Comment (2025-10-07): Statement submitted |
10/09/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Non QM | Non QM | No | ||||||||||
| 224140845 | [Redacted] | [Redacted] | 34573768 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Bank statement missing for Asset depletion income. | Reviewer Comment (2025-10-09): Received bank statement for asset depletion income. Exception cleared. |
10/09/2025 | No | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Non QM | Non QM | No | ||||||||||
| 224140845 | [Redacted] | [Redacted] | 34573785 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $ [redacted]is over disclosed by $ [redacted]compared to the calculated Amount Financed of $ [redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]. | Final closing disclosure dated [redacted] disclosed a Amount Financed of $ [redacted]Calculated Amount Financed is $ [redacted] creating variance of -$ [redacted] |
Reviewer Comment (2025-10-23): [redacted] received lender confirmation that title-tax status research fee is for title searches and would not be finance charge. Buyer Comment (2025-10-22): email from title co Reviewer Comment (2025-10-15): Please provide LOE documenting purpose of Tax Status Research Fee. [redacted] is assuming this is a Tax certificate fee. Buyer Comment (2025-10-14): PC Cert Reviewer Comment (2025-10-10): Variance is [redacted] Buyer Comment (2025-10-08): please confirm if the variance amount is $[redacted] as stated in the condition, the compliance tab shows a different variance of $[redacted] |
10/23/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | D | C | A | C | A | D | D | Non QM | Non QM | Yes | |||||||||
| 224140845 | [Redacted] | [Redacted] | 34573786 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $ [redacted]is under disclosed by $ [redacted]compared to the calculated Finance Charge of $ [redacted]which exceeds the $ [redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Final closing disclosure dated [redacted] disclosed a finance Charge of $ [redacted]Calculated finance charge is $ [redacted] creating variance of -$ [redacted] |
Reviewer Comment (2025-10-23): [redacted] received lender confirmation that title-tax status research fee is for title searches and would not be finance charge. Buyer Comment (2025-10-22): email from title co has been uploaded stating those are search fees, which are non apr fees Reviewer Comment (2025-10-15): Please provide LOE documenting purpose of Tax Status Research Fee. [redacted] is assuming this is a Tax certificate fee. Buyer Comment (2025-10-14): PC Cert submitted Reviewer Comment (2025-10-10): Variance is $[redacted] Buyer Comment (2025-10-08): please confirm if the variance amount is $[redacted] as stated in the condition, the compliance tab shows a different variance of $[redacted] |
10/23/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | D | C | A | C | A | D | D | Non QM | Non QM | Yes | |||||||||
| 224140845 | [Redacted] | [Redacted] | 34573816 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-26): per deal notes |
09/26/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Non QM | Non QM | No | ||||||||||||
| 224140845 | [Redacted] | [Redacted] | 34573821 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-26): per deal notes |
09/26/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Non QM | Non QM | No | |||||||||||||
| 224140845 | [Redacted] | [Redacted] | 34573823 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | UCDP score not provided | Reviewer Comment (2025-09-26): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]. |
09/26/2025 | No | 2 | A | A | A | A | A | A | B | B | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Non QM | Non QM | No | ||||||||||||
| 224140845 | [Redacted] | [Redacted] | 34573847 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Bank statement missing for Asset depletion income. | Reviewer Comment (2025-10-09): Received bank statement for asset depletion income. Exception cleared. Reviewer Comment (2025-10-08): Require Bank Statement for consecutive period as provided bank statements reflects period from [redacted] which does not suffice the requirement. Exception Remains. Buyer Comment (2025-10-07): statement submitted |
10/09/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Non QM | Non QM | No | ||||||||||
| 224140845 | [Redacted] | [Redacted] | 34573972 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Bank statement missing for Asset depletion income. | Reviewer Comment (2025-10-09): Received bank statement for asset depletion income. Exception cleared. Reviewer Comment (2025-10-08): Require Bank Statement for consecutive period as provided bank statements reflects period from [redacted] which does not suffice the requirement. Exception Remains. Buyer Comment (2025-10-07): statement submitted |
10/09/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Non QM | Non QM | No | |||||||||||
| 224140845 | [Redacted] | [Redacted] | 34574018 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Bank statement missing for Asset depletion income. | Reviewer Comment (2025-10-09): Received bank statement for asset depletion income. Exception cleared. Reviewer Comment (2025-10-08): Require Bank Statement for consecutive period as provided bank statements reflects period from [redacted]) which does not suffice the requirement. Exception Remains. Buyer Comment (2025-10-07): statement submitted |
10/09/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Non QM | Non QM | No | ||||||||||
| 224140845 | [Redacted] | [Redacted] | 34583472 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy with DTI. Lender DTI [redacted]%, review DTI [redacted]%. The reason for the discrepancy is due to primary mortgage P&I. On [redacted] P&I is $ [redacted]. | Reviewer Comment (2025-10-10): [redacted] was provided updated DTI. Buyer Comment (2025-10-08): corrected [redacted] |
10/10/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | C | A | D | D | Non QM | Non QM | No | |||||||||||
| 224143880 | [Redacted] | [Redacted] | 34576329 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-09): Client elects to waive. |
10/09/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224143881 | [Redacted] | [Redacted] | 34576106 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-03): Client elects to waive. Buyer Comment (2025-10-01): since this condition is informational, it may be waived |
10/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NC | Investment | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | N/A | Exempt from ATR | No | ||||||||||||
| 224143881 | [Redacted] | [Redacted] | 34576107 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation is missing, as would be required for securitization. | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NC | Investment | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | N/A | Exempt from ATR | No | ||||||||||||
| 224148440 | [Redacted] | [Redacted] | 34576195 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | Note Agreement is missing the signatures of the borrowers. | Reviewer Comment (2025-10-01): Note Agreement received & associated. Exception Cleared. Buyer Comment (2025-09-30): signed note |
10/01/2025 | No | 1 | D | A | D | A | D | A | D | A | D | A | TN | Primary | Refinance - Cash-out - Other | D | D | D | A | D | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224148440 | [Redacted] | [Redacted] | 34576198 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-02): Client may elect to waive Buyer Comment (2025-09-30): please see uploaded PCI desk review report, [redacted] |
10/02/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | TN | Primary | Refinance - Cash-out - Other | D | D | D | A | D | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224148440 | [Redacted] | [Redacted] | 34576199 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted]Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-10-02): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] Buyer Comment (2025-09-30): please see uploaded PCI desk review report, [redacted] |
10/02/2025 | No | 2 | A | A | A | A | A | A | B | B | TN | Primary | Refinance - Cash-out - Other | D | D | D | A | D | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224148440 | [Redacted] | [Redacted] | 34591058 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Loan Estimate indicates rate was locked as of [redacted] however the [redacted] Rate lock in the file indicates [redacted] The initial [redacted]rate lock document is missing and is a required document. | Reviewer Comment (2025-10-01): [redacted] Rate lock received & associated. Exception cleared. Buyer Comment (2025-09-30): [redacted] lock |
10/01/2025 | No | 1 | C | A | C | A | C | A | C | A | D | A | TN | Primary | Refinance - Cash-out - Other | D | D | D | A | D | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224148440 | [Redacted] | [Redacted] | 34604711 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-02): Client may elect to waive |
10/02/2025 | No | 3 | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | D | D | D | A | D | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 224148699 | [Redacted] | [Redacted] | 34576263 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-30): Client elects to waive. Buyer Comment (2025-09-30): please disposition per deal notes |
09/30/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224148699 | [Redacted] | [Redacted] | 34576264 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-02): Client elects to waive. Buyer Comment (2025-09-30): please see uploaded PCI desk review report, [redacted]. thanks! |
10/02/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | FL | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224148699 | [Redacted] | [Redacted] | 34576265 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-30): Client elects to waive. Buyer Comment (2025-09-30): please disposition per deal notes Buyer Comment (2025-09-30): please see uploaded PCI desk review report, [redacted] thanks! |
09/30/2025 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224148886 | [Redacted] | [Redacted] | 34581753 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-09-29): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]. |
09/29/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224148886 | [Redacted] | [Redacted] | 34581754 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-09-29): The supporting secondary valuation is missing. [redacted] |
09/29/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224148886 | [Redacted] | [Redacted] | 34581755 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-29): per deal notes |
09/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224150608 | [Redacted] | [Redacted] | 34583463 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-02): Client elects to waive. Buyer Comment (2025-10-01): PCI and AVM |
10/02/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | AZ | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224150608 | [Redacted] | [Redacted] | 34583465 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224150608 | [Redacted] | [Redacted] | 34583468 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-02): Client elects to waive. Buyer Comment (2025-10-01): PCI and AVM |
10/02/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224150608 | [Redacted] | [Redacted] | 34591556 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy with DTI. Lender DTI [redacted], review DTI [redacted]%. The reason for the discrepancy is due to monthly tax payment on [redacted]is $ [redacted]however review monthly tax payment is $ [redacted] | Reviewer Comment (2025-10-02): Received corrected 1008 & associated. Exception cleared. Buyer Comment (2025-10-01): 1008 |
10/02/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224151899 | [Redacted] | [Redacted] | 34585964 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-09-29): per deal notes |
09/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 224151899 | [Redacted] | [Redacted] | 34585986 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted] Fannie Mae forms not used for closing of home equity loan. | Reviewer Comment (2025-10-15): Client elects to waive. Buyer Comment (2025-10-13): Since this is for informational purposes, you may waive Reviewer Comment (2025-10-13): EV2 exception and is for informational purposes only. Exception is able to be waived. Buyer Comment (2025-10-09): PC Cert |
10/15/2025 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 224151899 | [Redacted] | [Redacted] | 34585987 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted]disclosed an inaccurate Total of Payments on page [redacted]that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted]). The disclosed Total of Payments in the amount of $ [redacted]is under disclosed by $ [redacted]compared to the calculated total of payments of $ [redacted]which exceeds the $ [redacted] threshold. | Disclosure reflects TOP of $ [redacted]but calculated TOP of $ [redacted]. Variance = $ [redacted] | Reviewer Comment (2025-11-12): [redacted] received LOE, Copy of refund Check, Corrected CD and proof of delivery. Separate exception set for tolling rescission from validations. Buyer Comment (2025-11-11): RTC - rescission end date is [redacted] Reviewer Comment (2025-10-27): As restitution was required on this material disclosure violation and thus the Material Disclosure was not provided to borrower at closing the rescission period was not valid and never ended. Reopening rescission to all consumers to close the tolling rescission will be required to finalize cure on this. Buyer Comment (2025-10-24): attached is the LOE that accompanied the [redacted] PCCD, please confirm that you still need me to re-open rescission after reviewing this Reviewer Comment (2025-10-24): [redacted] received email chain and confirmation from borrower of receipt of wire on proceeds which included the $[redacted] cure refund for underdisclosure. Did not receive the additional cure documentation previously requested. Still need: Copy of LOE that accompanied the [redacted] PCCD explaining this violation and the cure and proof of reopening rescission to all consumers. Buyer Comment (2025-10-23): additional email with details as I did not realize that the email with borrower response was missing the entire thread with details Buyer Comment (2025-10-23): please see email from borrower confirming the wire amount she received, which includes the $[redacted]lender credit Reviewer Comment (2025-10-21): Proof is insufficient. The wire cannot be documented as received by the borrower. The account number on the transfer does not match any documented account that is property of the borrower, nor does the receipt indicate the borrower received the funds. Please provide documentation of cure receipt by borrower to cure. Cure can be in the form of a letter of email from the borrower confirming receipt of the $[redacted]cure amount. Buyer Comment (2025-10-20): wire with amount wired to borrower matching the cash back to borrower on final CD of $[redacted] Reviewer Comment (2025-10-16): [redacted]received emails and wire information regarding $[redacted]cure. However, we cannot verify that this wire was sent and received by borrower. Wire information does not confirm was sent to borrower or received. As previously stated, before a cure can be completed, must provide proof of receipt by borrower via borrower email or LOA from the borrower confirming amount and date received. Additionally, for restitution cure documents require a Corrected CD, LOE to borrower explaining the violation & cure, proof of mailing and proof of reopening of rescission to all consumers. Buyer Comment (2025-10-15): proof of $[redacted] wire sent to title company Reviewer Comment (2025-10-13): Before a cure can be completed proof of the borrower receipt of the wire, via borrower email, or LOA from borrower is required. Additionally, a PCCD, LOE, Re-opening of RTC because this is a material exception on a rescindable transaction, and proof of delivery of the documents is required. These documents and verifiable tracking of compensation is not currently present in the loan file or trailing documents. Current documentation in trailing documents is insufficient. Buyer Comment (2025-10-10): PC Cert & email confirmation that a 2nd wire was requested for the $[redacted] Reviewer Comment (2025-10-08): [redacted] received screen print stating close price override log and credit report + Attorney fee variance = $[redacted]. As previously stated we require the following on this post closing cure on this material disclosure violation for the TOP: LOE to borrower explaining what was the violation and cure, copy of cure refund for total underdisclosure of $[redacted], proof of mailing along with proof of reopening of rescission to all consumers as this is a rescindable transaction and a material disclosure violation. Buyer Comment (2025-10-07): PC Cert Reviewer Comment (2025-10-03): Unable to determine and verify $[redacted] post closing cure was related to the TOP violation remediation. As this is a material disclosure violation and if cure was provided, it was provided post-close and requires the following documentation to show cure restitution: LOE to borrower explaining what was the violation and cure, copy of cure refund for total underdisclosure of $[redacted], proof of mailing along with proof of reopening of rescission to all consumers as this is a rescindable transaction and a material disclosure violation. |
11/12/2025 | No | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission i(required on rescindable transactions) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 224151899 | [Redacted] | [Redacted] | 34595364 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy with DTI. Lender DTI [redacted]%, review DTI [redacted]%. The reason for the discrepancy is due to primary mortgage P&I. On [redacted]$ [redacted]however per review P&I is $ [redacted] | Reviewer Comment (2025-10-03): Received updated 1008. Condition cleared. Buyer Comment (2025-10-02): 1003 & 1008 |
10/03/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| 224151899 | [Redacted] | [Redacted] | 34969994 | Compliance | Compliance | Federal Compliance | TILA | TILA Extended Rescission: Inaccurate material disclosures provided to borrower at consummation on a rescindable transaction resulting in extended rescission rights ( [redacted] years from consummation). Re-disclosure of accurate material disclosures, LOE, re-opening of rescission and proof of delivery required. | This is a material exception on a rescindable transaction and requires reopening of rescission and proof of delivery of RTC to complete cure. Further, the RTC must allow the borrower three days to cancel the transaction from date of delivery. Previous RTC with expiration date of [redacted]were not received until [redacted] | Reviewer Comment (2025-11-26): Received updated RTC, letter to borrower and mailing label. Exception cleared. Buyer Comment (2025-11-24): Rescission period has ended. Thank you. Reviewer Comment (2025-11-21): Received updated RTC, letter to borrower and mailing label which shows the borrower received the package on [redacted] with a RTC expiration period of [redacted] Condition can be cleared once the new rescission period has expired. Buyer Comment (2025-11-19): corrected RTC |
11/26/2025 | No | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct notice of rescission model form (If corresponding material disclosure exception has not been sufficiently cured, LOE, refund/adjustment, corrected TIL/CD, and proof of delivery required to cure material disclosure exception as applicable). | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 224159614 | [Redacted] | [Redacted] | 34595613 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-01): Client elects to waive. |
10/01/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | ||||||||||||
| 224159614 | [Redacted] | [Redacted] | 34595614 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-01): Client elects to waive. |
10/01/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | VA | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | |||||||||||||
| 224159614 | [Redacted] | [Redacted] | 34595615 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-01): Client elects to waive. |
10/01/2025 | No | 2 | A | A | A | A | A | A | B | B | VA | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | |||||||||||||
| 224159614 | [Redacted] | [Redacted] | 34595647 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-10-07): E-Sign Consent Agreement received & associated. Exception cleared. Buyer Comment (2025-10-06): econsent |
10/07/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | |||||||||||
| 224161529 | [Redacted] | [Redacted] | 34605256 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Client may elect to waive | Reviewer Comment (2025-10-09): Client elects to waive. |
10/09/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224161529 | [Redacted] | [Redacted] | 34605258 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Full appraisal is provided and supporting secondary valuation missing in file. | Reviewer Comment (2026-07-20): Cleared. Received AVM. |
07/20/2026 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224161529 | [Redacted] | [Redacted] | 37028778 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | The variance between the appaisal and AVM is greater than [redacted]%. | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | FL | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224161563 | [Redacted] | [Redacted] | 34623699 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224161563 | [Redacted] | [Redacted] | 34623701 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - [redacted] Family not provided | [redacted] Family Rider is missing in the file. | Reviewer Comment (2025-10-07): 1-4 Family Rider received. Exception cleared. Buyer Comment (2025-10-03): Family rider |
10/07/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224161563 | [Redacted] | [Redacted] | 34632300 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for income: borrower is self-employed and owns [redacted]businesses. Request to waive P&L and balances sheets for all but one business. Cannot ascertain approval or denial due to disposition page of request not being provided in file. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-10-03): Client elects to waive with compensating factors. |
10/03/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 224161563 | [Redacted] | [Redacted] | 34642650 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | Several properties were not included in the DTI. There was no explanation regarding this. File is missing a current mortgage statement for all of these properties. Must reflect PITI. Otherwise, will need tax, insurance and HOA (if applicable) for all of these properties. | Reviewer Comment (2025-12-03): Cleared. Received mortgage statement for [redacted] Buyer Comment (2025-12-01): MTG Reviewer Comment (2025-11-18): Reviewed all trailing and original documents. The expense documents for the properties using rental income were not among them. Reviewer Comment (2025-11-18): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Address: [redacted] EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Statement Statement Statement Statement Statement Statement Statement Statement Statement Buyer Comment (2025-11-14): rest of reo docs Reviewer Comment (2025-11-14): Please provide mortgage statements for the [redacted] Buyer Comment (2025-11-12): some reo docs Reviewer Comment (2025-11-10): On the properties not utilizing rental income, the statements were removed. On the properties utilizing rental income, a current statement reflecting the property address and the PITIA payments must be verified. Buyer Comment (2025-11-06): HOA docs Buyer Comment (2025-11-06): some of the docs we have Reviewer Comment (2025-11-06): Reviewed all trailing docs. On the properties using income, even if owned by a business, the property expenses must be included. On those properties, a current mortgage statement, tax and insurance verification (if not escrowed) and HOA if applicable would be required. Buyer Comment (2025-11-04): REO Reviewer Comment (2025-11-04): Received some of the mortgage statement, however the file remains missing the majority of the mortgage statements. Reviewer Comment (2025-11-04): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Address: [redacted] EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Statement Statement Statement Statement Statement Statement Statement Statement Statement Statement Statement Statement Statement Statement Statement Buyer Comment (2025-10-31): REO docs to show in business names Buyer Comment (2025-10-31): [redacted] Buyer Comment (2025-10-31): All these properties are listed in a business name. see already provided docs to show in business name Reviewer Comment (2025-10-31): Require Mortgage statement of REO property address [redacted] to clear the exception or provide explanation letter/tax insurance/HOI/Insurance document. Exception Remains. Buyer Comment (2025-10-29): Please refer to schedule E for taxes and insurance payments Buyer Comment (2025-10-29): REO statements |
12/03/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224161563 | [Redacted] | [Redacted] | 34891894 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Based on income used on a portion of the borrower's properties and the expenses, the DTI exceeds the maximum allowed. | Reviewer Comment (2025-12-19): Client recalculated income Condition cleared. Buyer Comment (2025-12-18): 1003 & 1008 Reviewer Comment (2025-12-03): Unable to clear. Difference in rental income calculation for [redacted] Buyer Comment (2025-12-01): see uploaded Reviewer Comment (2025-11-18): Reviewed all trailing and original documents. The expense documents for the properties using rental income were not among them. Buyer Comment (2025-11-14): see uploaded Reviewer Comment (2025-11-10): On the properties not utilizing rental income, the statements were removed. On the properties utilizing rental income, a current statement reflecting the property address and the PITIA payments must be verified. Buyer Comment (2025-11-10): REO Reviewer Comment (2025-11-06): Received rental income worksheets, however the initial submission was not using income on these properties. Please clarify. In addition, if income is being used on these properties, the property expenses must be accounted for. A current mortgage statement, tax and insurance verification (if not escrowed) and HOA verification if applicable would be required. Reviewer Comment (2025-11-06): EXCEPTION HISTORY - Exception Explanation was updated on[redacted] PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of [redacted]% exceeds Guideline total debt ratio of [redacted]%. Buyer Comment (2025-11-05): see income worksheets and update income calculation. |
12/19/2025 | No | 1 | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 224161844 | [Redacted] | [Redacted] | 34604860 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-02): Not required. |
10/02/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224161844 | [Redacted] | [Redacted] | 34604876 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation not provided. | Reviewer Comment (2025-10-02): Client elects to waive. |
10/02/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224161844 | [Redacted] | [Redacted] | 34604877 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2025-10-02): Client elects to waive. |
10/02/2025 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224161892 | [Redacted] | [Redacted] | 34605188 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-02): Client elected to waive |
10/02/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224161892 | [Redacted] | [Redacted] | 34605189 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-02): Client elected to waive |
10/02/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | CO | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224161892 | [Redacted] | [Redacted] | 34605190 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-02): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
10/02/2025 | No | 2 | A | A | A | A | A | A | B | B | CO | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224162586 | [Redacted] | [Redacted] | 34605268 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $ [redacted]. Provide verification of policy with sufficient coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-10-16): Replacement Cost Estimator received. Exception cleared. Buyer Comment (2025-10-15): RCE |
10/16/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||
| 224162586 | [Redacted] | [Redacted] | 34605275 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-02): Client elects to waive. |
10/02/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||||
| 224162586 | [Redacted] | [Redacted] | 34605281 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): Cleared. Received AVM |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | VA | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||||
| 224168494 | [Redacted] | [Redacted] | 34623766 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-02): Client elects to waive. |
10/02/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NC | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224181512 | [Redacted] | [Redacted] | 34626996 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-09): Client elects to waive. Buyer Comment (2025-10-07): appraisal Reviewer Comment (2025-10-03): AVM provided as a primary valuation on a [redacted] lien. |
10/09/2025 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224181512 | [Redacted] | [Redacted] | 34626997 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-03): [redacted] to waive |
10/03/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | AZ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224181512 | [Redacted] | [Redacted] | 34627006 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-03): [redacted] to waive |
10/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224181577 | [Redacted] | [Redacted] | 34623834 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | ME | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224181577 | [Redacted] | [Redacted] | 34623840 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Secondary valuation is missing, as would be required for securitization. | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | ME | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224181577 | [Redacted] | [Redacted] | 34623842 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 2 | A | A | A | A | A | A | B | B | ME | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224181664 | [Redacted] | [Redacted] | 34634856 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-10-06): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]. |
10/06/2025 | No | 2 | A | A | A | A | A | A | B | B | GA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224181664 | [Redacted] | [Redacted] | 34634858 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-06): Client elects to waive |
10/06/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | GA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224181664 | [Redacted] | [Redacted] | 34634859 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-06): Client elects to waive |
10/06/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224185376 | [Redacted] | [Redacted] | 34635100 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224185376 | [Redacted] | [Redacted] | 34635107 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Secondary valuation is not required as AVM Value is supported. | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | AZ | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224185376 | [Redacted] | [Redacted] | 34635108 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2025-10-08): Client elects to waive. Buyer Comment (2025-10-07): PCI and AVM on file |
10/08/2025 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224185376 | [Redacted] | [Redacted] | 34642290 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy with DTI. Lender DTI [redacted]%, Review DTI [redacted]% . The reason for the discrepancy is lender used a higher PI payment than is shown on the mortgage statement shown in the file. Lender PI used was $[redacted] however per mortgage statement PI amount is $[redacted]. | Reviewer Comment (2025-10-09): Updated 1008 was provided. Buyer Comment (2025-10-07): 1008 |
10/09/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224185422 | [Redacted] | [Redacted] | 34634862 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | No appraisal or hybrid interior appraisal required. | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224185422 | [Redacted] | [Redacted] | 34634863 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224185422 | [Redacted] | [Redacted] | 34634864 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224185422 | [Redacted] | [Redacted] | 34643493 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-9 form was used, the H-8 form should have been used. | Loan transaction did not pay off a lender to lender mortgage. The H9 RTC form was used, however the H8 RTC form should have been used. Please provide the corrected RTC with a new rescission period (does not need to be signed), letter to borrower explaining the issue and the mailing label. Borrower must receive the Corrected package at least 3 business days prior to the new expiration date on the corrected RTC. | Reviewer Comment (2025-10-09): As per requirement received right to cancel H-8 form, information validated. Exception Cleared. Buyer Comment (2025-10-08): NP viewed Buyer Comment (2025-10-07): RTC |
10/09/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | D | A | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224185535 | [Redacted] | [Redacted] | 34634883 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224185535 | [Redacted] | [Redacted] | 34634884 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. BPO was provided.Missing Secondary Valuation. Sec ID: 109 | Note Date: ___; Lien Position: ___ | Secondary valuation is missing. | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | A | A | D | D | GA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224185535 | [Redacted] | [Redacted] | 34634955 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2025-10-03): Client elects to waive. |
10/03/2025 | No | 2 | A | A | A | A | A | A | B | B | GA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224190042 | [Redacted] | [Redacted] | 34634868 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-06): Client elects to waive |
10/06/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | IN | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224190042 | [Redacted] | [Redacted] | 34634869 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-06): Client elects to waive |
10/06/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | IN | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224190042 | [Redacted] | [Redacted] | 34634870 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-06): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per[redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
10/06/2025 | No | 2 | A | A | A | A | A | A | B | B | IN | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224190043 | [Redacted] | [Redacted] | 34635420 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-06): Client elects to waive. |
10/06/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224190043 | [Redacted] | [Redacted] | 34645040 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for mortgage history reporting [redacted] is approved. Per disposition, max CLTC is [redacted]%. Unable to downgrade/waive due to the purchase contract has contingencies. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-11-25): Client elects to waive with compensating facotrs. Buyer Comment (2025-11-24): updated exception Reviewer Comment (2025-10-14): DD can only follow what the lender exception is stating, and the approval indicates a non-contingent contract. Condition remains. Buyer Comment (2025-10-10): Only contingency present is the financing, which is standard in most contracts. Please cancel. |
11/25/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 224190043 | [Redacted] | [Redacted] | 34645057 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request to exclude investment property PITI from DTI calculation due to pending sale of property is approved. Per disposition, max LTV is capped at [redacted]%, and lender must provide fully executed contingent sales contract for investment property. Unable to downgrade/waive due to the purchase contract has contingencies. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-11-25): Client elects to waive with compensating facotrs. Buyer Comment (2025-11-24): see uploaded Reviewer Comment (2025-10-22): Received duplicate purchase contract and lender exception form. Unable to downgrade and waive due to financing contingency within the purchase contract. Condition remains. Buyer Comment (2025-10-20): exception form Buyer Comment (2025-10-20): sales contract Reviewer Comment (2025-10-14): DD can only follow what the lender exception is stating, and the approval indicates a non-contingent contract. Condition remains. Buyer Comment (2025-10-10): Only contingency present is the financing, which is standard in most contracts. Please cancel. |
11/25/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| 224190189 | [Redacted] | [Redacted] | 34636023 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-06): Client elects to waive. |
10/06/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224190189 | [Redacted] | [Redacted] | 34636054 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | HOA Verification not provided for primary property located at [Redacted]. | Reviewer Comment (2025-10-09): HOA proof received, exception cleared. Buyer Comment (2025-10-08): HOA per appraisal Reviewer Comment (2025-10-08): The 1008 makes reference to [redacted] Buyer Comment (2025-10-06): Can you please review as we dont have this property on file |
10/09/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224190239 | [Redacted] | [Redacted] | 34634898 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-10-06): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]. |
10/06/2025 | No | 2 | A | A | A | A | A | A | B | B | NM | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224190239 | [Redacted] | [Redacted] | 34634899 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-06): Client elects to waive |
10/06/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NM | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224190239 | [Redacted] | [Redacted] | 34634900 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-06): Client elects to waive |
10/06/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NM | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224190239 | [Redacted] | [Redacted] | 34654063 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy with DTI. Lender DTI [redacted]%, review DTI [redacted]%. The reason for the discrepancy is due to the following: 1. qualifying P&I used per 1008 [redacted] however per statement provide review P&I is [redacted]. 2. Revolving debt with [redacted], bal $[redacted] monthly payment was excluded. | Reviewer Comment (2025-10-07): Per client, Exception not required as discrepancy is less than [redacted]%. Buyer Comment (2025-10-06): Please cancel this cond as the discrepancy is less than [redacted]% |
10/07/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NM | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224197177 | [Redacted] | [Redacted] | 34635196 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-06): Client elects to waive |
10/06/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224197177 | [Redacted] | [Redacted] | 34635202 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-10-06): client elects to waive. |
10/06/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224197177 | [Redacted] | [Redacted] | 34635203 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-06): client elects to waive. |
10/06/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224197180 | [Redacted] | [Redacted] | 34636403 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-06): Client elects to waive. |
10/06/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | D | A | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224197180 | [Redacted] | [Redacted] | 34636411 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-06): Client elects to waive. |
10/06/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NY | Primary | Refinance - Cash-out - Other | D | D | A | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224197180 | [Redacted] | [Redacted] | 34636417 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-10-06): Client elects to waive. |
10/06/2025 | No | 2 | A | A | A | A | A | A | B | B | NY | Primary | Refinance - Cash-out - Other | D | D | A | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224197180 | [Redacted] | [Redacted] | 34636467 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | The APR is underdisclosed due to the finance charges not including loan discount points of $[redacted] in the finance charges | Reviewer Comment (2025-10-13): [redacted] received statement of fee purpose. Buyer Comment (2025-10-10): title attest, tax cert and sales tax fees were a one time up front fee and not a life of loan service |
10/13/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | D | A | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224197180 | [Redacted] | [Redacted] | 34636468 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | The APR is under disclosed due to the finance charges not including loan discount points of $[redacted] in the finance charges | Reviewer Comment (2025-10-13): [redacted] received statement of fee purpose. Buyer Comment (2025-10-10): title attest, tax cert and sales tax fees were a one time up front fee and not a life of loan service |
10/13/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | D | A | A | C | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224197187 | [Redacted] | [Redacted] | 34750416 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-17): client elected to waive |
10/17/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224197187 | [Redacted] | [Redacted] | 34750417 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: 128 | Reviewer Comment (2026-07-21): Cleared. Received AVM |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | GA | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224199448 | [Redacted] | [Redacted] | 34637475 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-06): Client elected to waive. |
10/06/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224199448 | [Redacted] | [Redacted] | 34637476 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-06): Client elected to waive. |
10/06/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | FL | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224199448 | [Redacted] | [Redacted] | 34637480 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-06): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
10/06/2025 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224199459 | [Redacted] | [Redacted] | 34637936 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-10-15): Received Final Title policy document with valid policy amount, information validated accordingly. Exception Cleared. |
10/15/2025 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | B | B | A | A | A | D | B | Non QM | Non QM | No | ||||||||||||
| 224199459 | [Redacted] | [Redacted] | 34637939 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-10-15): Received Final Title policy document with valid policy amount, information validated accordingly. Exception Cleared. Buyer Comment (2025-10-14): Title Policy |
10/15/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | D | B | B | A | A | A | D | B | Non QM | Non QM | No | ||||||||||||
| 224199459 | [Redacted] | [Redacted] | 34637941 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Reviewer Comment (2025-10-16): AVM provided. Buyer Comment (2025-10-14): AVM |
10/16/2025 | No | 1 | N/A | A | A | A | N/A | A | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | B | B | A | A | A | D | B | Non QM | Non QM | No | |||||||||||||
| 224199459 | [Redacted] | [Redacted] | 34637942 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-16): Client elects to waive. Buyer Comment (2025-10-14): Please disposition per deal notes |
10/16/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | B | B | A | A | A | D | B | Non QM | Non QM | No | |||||||||||||
| 224200785 | [Redacted] | [Redacted] | 34646222 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-06): client elected to waive. |
10/06/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224200785 | [Redacted] | [Redacted] | 34646240 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request is due to CLTV exceeding max of [redacted]%. The subject is a [redacted] bd/2.1 SFD located in a suburban area with public water and sewer. The subject is legally zoned. The appraiser has provided a couple of comparable that are similar to and/or bracketing of the subject's site size and design. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-10-06): Client elected to waive exceptions with compensating factors. |
10/06/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224207161 | [Redacted] | [Redacted] | 34648593 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-07): Client elects to waive |
10/07/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224207210 | [Redacted] | [Redacted] | 34648502 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-10-08): Client elects to waive. |
10/08/2025 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224207210 | [Redacted] | [Redacted] | 34648503 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-08): Client elects to waive. |
10/08/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224207210 | [Redacted] | [Redacted] | 34648504 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-08): Client elects to waive. |
10/08/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224210810 | [Redacted] | [Redacted] | 34649238 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-08): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]. |
10/08/2025 | No | 2 | A | A | A | A | A | A | B | B | IL | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224210810 | [Redacted] | [Redacted] | 34649239 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM provided . The supporting secondary valuation is missing. Sec ID: 125 | Reviewer Comment (2025-10-16): Cleared. Received AVM Buyer Comment (2025-10-14): second avm |
10/16/2025 | No | 1 | D | A | A | A | D | A | A | D | A | IL | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224210810 | [Redacted] | [Redacted] | 34649240 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-08): client elects to waive |
10/08/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224210810 | [Redacted] | [Redacted] | 34671853 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | Verification of employment was obtained on [redacted], which is more than [redacted] business days prior to the Note date ([redacted]). A post-closing verification was obtained on [redacted]. | Reviewer Comment (2025-10-15): Information re-validated as per available document in file, VVOE is within [redacted] business days from the closing date. Exception Cleared. Buyer Comment (2025-10-14): PC Cert |
10/15/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224210819 | [Redacted] | [Redacted] | 34650435 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-08): client elects to waive |
10/08/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | OH | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224210819 | [Redacted] | [Redacted] | 34650440 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-08): client elects to waive |
10/08/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224210819 | [Redacted] | [Redacted] | 34650444 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-08): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
10/08/2025 | No | 2 | A | A | A | A | A | A | B | B | OH | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224213286 | [Redacted] | [Redacted] | 34659273 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-08): Client elects to waive. |
10/08/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224213518 | [Redacted] | [Redacted] | 34668851 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-08): Client elected to waive. |
10/08/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224217470 | [Redacted] | [Redacted] | 34676080 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-08): client elected to waive |
10/08/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NC | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224217470 | [Redacted] | [Redacted] | 34676093 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - PUD not provided | Rider - PUD signature page missing | Reviewer Comment (2025-10-16): Received PUD Rider. Exception cleared. Buyer Comment (2025-10-14): Rider |
10/16/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224217470 | [Redacted] | [Redacted] | 34679625 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - Not Tested As Primary | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). Determination has not been made as to whether the loan would be High Cost and/or HPML if ran as a Primary Residence. | Initial 1003 indicates borrower intends to occupy property as primary residence. | Reviewer Comment (2025-10-20): Corrected Initial 1003 received. Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): Corrected 1003 Reviewer Comment (2025-10-16): Received email correspondence confirming it is an investment property. Provide corrected initial 1003. Exception remains. Buyer Comment (2025-10-14): Initial 1003 was completed in error and loan is an investment property which reflects final 1003 |
10/20/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224217472 | [Redacted] | [Redacted] | 34672922 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - 1-4 Family not provided | Missing 1-4 family rider. | Reviewer Comment (2025-10-14): Rider - 1-4 Family received and verified. Exception cleared. Buyer Comment (2025-10-13): 1-4 Rider |
10/14/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224217472 | [Redacted] | [Redacted] | 34672925 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. Sec ID: 114 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-10-22): Received CDA. Condition cleared. Buyer Comment (2025-10-21): CDA |
10/22/2025 | No | 1 | N/A | A | A | A | N/A | A | A | D | A | NY | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224217472 | [Redacted] | [Redacted] | 34672926 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-08): Lender elected to waive |
10/08/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224217472 | [Redacted] | [Redacted] | 34672941 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for delinquent housing payment[redacted] last [redacted] months, [redacted] last [redacted] months (max Permitted is [redacted]). | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-10-08): Client elected to waive exceptions with compensating factors. |
10/08/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224217472 | [Redacted] | [Redacted] | 34675509 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | DATA DISCREPANCY WITH DTI. LENDER DTI [redacted]%, REVIEW DTI [redacted]%. THE REASON FOR THE DISCREPANCY IS DUE TO Lender used a higher First Mortgage P&I. | Reviewer Comment (2025-10-22): Received updated 1008. Condition cleared. Buyer Comment (2025-10-20): Please see updated 1008/1003 to correct data discrepancy. |
10/22/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224225268 | [Redacted] | [Redacted] | 34687016 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-13): Client elects to waive. |
10/13/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224225268 | [Redacted] | [Redacted] | 34687018 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-13): Client elects to waive. |
10/13/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224225268 | [Redacted] | [Redacted] | 34687021 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-10-13): Client elects to waive. |
10/13/2025 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224232882 | [Redacted] | [Redacted] | 34698079 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-14): client elected to waive |
10/14/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224232882 | [Redacted] | [Redacted] | 34698085 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title policy amount not provided. | Reviewer Comment (2025-10-17): Final title policy received. Buyer Comment (2025-10-16): Title |
10/17/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224232882 | [Redacted] | [Redacted] | 34698101 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy | Reviewer Comment (2025-10-17): Final title policy received. |
10/17/2025 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224239571 | [Redacted] | [Redacted] | 34697529 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-14): Client elects to waive. |
10/14/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224239571 | [Redacted] | [Redacted] | 34697531 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-14): Documentation to verify a [redacted] -month housing history is not located in the file. |
10/14/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224239571 | [Redacted] | [Redacted] | 34697534 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted]for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of " [redacted]". | Reviewer Comment (2025-10-14): Client elects to waive. |
10/14/2025 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224242954 | [Redacted] | [Redacted] | 34711061 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: 128 | Reviewer Comment (2026-07-21): Cleared. Received AVM |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Investment | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||||
| 224242954 | [Redacted] | [Redacted] | 34711062 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-14): Client elects to waive. |
10/14/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||
| 224242954 | [Redacted] | [Redacted] | 37035861 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | NJ | Investment | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||||||||
| 224242964 | [Redacted] | [Redacted] | 34709863 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-14): client elected to waive |
10/14/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224242964 | [Redacted] | [Redacted] | 34710731 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | HOA Verification not provided for reo property [redacted] | Reviewer Comment (2025-10-20): HOA verification received & associated. Exception cleared. Buyer Comment (2025-10-17): HOA verification |
10/20/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224242984 | [Redacted] | [Redacted] | 34711466 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-15): Client elects to waive. |
10/15/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224242984 | [Redacted] | [Redacted] | 34711467 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-15): Client elects to waive. |
10/15/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | VA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224242984 | [Redacted] | [Redacted] | 34711468 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-15): Client elects to waive. |
10/15/2025 | No | 2 | A | A | A | A | A | A | B | B | VA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224242988 | [Redacted] | [Redacted] | 34749510 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-20): Client elects to waive. |
10/20/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224242996 | [Redacted] | [Redacted] | 34710059 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | HOA verification not provided for reo property - [redacted] | Reviewer Comment (2025-10-22): Received HOA document for REO property Address: [redacted] Exception Cleared. Buyer Comment (2025-10-20): HOA |
10/22/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224242996 | [Redacted] | [Redacted] | 34710067 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-15): Client accepts elects to Waive. |
10/15/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224242996 | [Redacted] | [Redacted] | 35735371 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | DTI over [redacted]% | Reviewer Comment (2026-02-10): As per provided 1008 document and DTI matches with 1008 and 1003 . Exception Cleared. Buyer Comment (2026-02-06): Updated 1008/1003 |
02/10/2026 | No | 1 | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 224244072 | [Redacted] | [Redacted] | 34713771 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of " [redacted]". | Reviewer Comment (2025-10-15): Client elects to waive. Buyer Comment (2025-10-15): pci |
10/15/2025 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224244072 | [Redacted] | [Redacted] | 34713781 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-15): Client elects to waive. Buyer Comment (2025-10-15): please cancel per deal |
10/15/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224244072 | [Redacted] | [Redacted] | 34713806 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | Reviewer Comment (2025-10-16): Provided property inspection report dated [redacted] Exception cleared. Buyer Comment (2025-10-15): see uploaded |
10/16/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723708 | Credit | Missing Document | General | Missing Document | Missing Document: AVM not provided | AVM is dated post close and as a result is unacceptable for value. | Reviewer Comment (2025-10-17): AVM received Prior to closing dated [redacted] Details verified and updated. Exception cleared Buyer Comment (2025-10-16): The AVM was ordered prior to closing but did not come in until post-closing. this is the prior AVM that expired. Reviewer Comment (2025-10-16): Provided property inspection report. Require AVM prior to closing date. Exception remains. Buyer Comment (2025-10-15): see uploaded |
10/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723720 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | AVM with Property Inspection Report required for valuation per guidelines - PCI in file is dated [redacted] which is after the closing date of [redacted]. | Reviewer Comment (2025-10-17): AVM received prior to closing dated [redacted]. Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | C | A | C | A | C | A | C | A | D | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723791 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to missing Valuation. AVM provided is dated post closing. | Reviewer Comment (2025-10-17): AVM received prior to closing dated [redacted]. Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224244072 | [Redacted] | [Redacted] | 34723792 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | No valuation is provided in the file. The AVM & Property Inspection provided is dated post closing. | Reviewer Comment (2025-10-17): AVM received before closing dated [redacted] Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723807 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Unable to calculate LTV due to missing an AVM & Property Inspection Report dated prior to the closing date of [redacted]. | Reviewer Comment (2025-10-17): AVM received before closing dated [redacted] Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723808 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Number of units discrepancy. | AVM is unacceptable due to post closing date. | Reviewer Comment (2025-10-17): AVM received before closing dated [redacted] Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723809 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Property type discrepancy. | AVM is unacceptable due to post closing date. | Reviewer Comment (2025-10-17): AVM received before closing dated [redacted]. Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723829 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Valuation dated prior to closing date of [redacted] is missing from the file. | Reviewer Comment (2025-10-17): AVM received prior to closing dated [redacted]. Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723846 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal and secondary valuation are missing. Sec ID: [redacted] | AVM & Property Inspection Report provided in file is dated post closing and is not a valid source of valuation as a result. | Reviewer Comment (2025-10-17): AVM received prior to closing dated [redacted]. Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | D | A | D | A | D | A | D | A | D | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723847 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | AVM & Property Inspection Report provided in file is dated post closing and is not a valid source of valuation as a result. | Reviewer Comment (2025-10-17): AVM received prior to closing dated [redacted]. Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723908 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted]Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | AVM & Property Inspection Report provided in file is dated post closing and is not a valid source of valuation as a result. | Reviewer Comment (2025-10-17): AVM received prior to closing dated [redacted]. Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723909 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | AVM & Property Inspection Report provided in file is dated post closing and is not a valid source of valuation as a result. | Reviewer Comment (2025-10-17): AVM received prior to closing dated [redacted] Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723910 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL HPML Appraisal Not Obtained Prior to Closing Test | Unable to determine compliance with timely delivery of valuation to borrower due to missing information. | AVM & Property Inspection Report provided in file is dated post closing and is not a valid source of valuation as a result. | Reviewer Comment (2025-10-17): AVM received before closing dated [redacted]. Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723911 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal - Did Not Physically Visit) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Appraisal not performed by a certified or licensed appraiser who conducted a physical visit to the property. | AVM & Property Inspection Report provided in file is dated post closing and is not a valid source of valuation as a result. | Reviewer Comment (2025-10-17): AVM received prior to closing dated [redacted]. Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224244072 | [Redacted] | [Redacted] | 34723912 | Compliance | Compliance | Federal Compliance | Missing Required Data | Property Type Not Provided | (Missing Data) Property Type. If property type is other than single family residence, state and federal testing may be impacted. | AVM & Property Inspection Report provided in file is dated post closing and is not a valid source of valuation as a result. | Reviewer Comment (2025-10-17): AVM received before closing dated [redacted]. Details verified and updated. Exception cleared. Buyer Comment (2025-10-16): see uploaded |
10/17/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224244072 | [Redacted] | [Redacted] | 34749249 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2025-10-22): Received AVM. Condition cleared. Buyer Comment (2025-10-20): AVM |
10/22/2025 | No | 1 | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 224245919 | [Redacted] | [Redacted] | 34717846 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-15): Client elects to waive. |
10/15/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| 224245919 | [Redacted] | [Redacted] | 34717848 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-15): Client elects to waive. |
10/15/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NJ | Investment | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Exempt from ATR | Exempt from ATR | No | |||||||||||||
| 224245919 | [Redacted] | [Redacted] | 34717849 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted] lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-10-15): Client elects to waive. |
10/15/2025 | No | 2 | A | A | A | A | A | A | B | B | NJ | Investment | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| 224249699 | [Redacted] | [Redacted] | 34727854 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-16): Client elects to waive. |
10/16/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | B | B | D | D | Non QM | Non QM | No | ||||||||||||
| 224249699 | [Redacted] | [Redacted] | 34727855 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-16): Client elects to waive. |
10/16/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | B | B | D | D | Non QM | Non QM | No | |||||||||||||
| 224249699 | [Redacted] | [Redacted] | 34727857 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No interior appraisal required. | Reviewer Comment (2025-10-16): Client elects to waive. |
10/16/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | B | B | D | D | Non QM | Non QM | No | ||||||||||||
| 224249699 | [Redacted] | [Redacted] | 34727878 | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted], Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. | Waterfall due to most recent signed and dated tax return, third party verification/ CPA letter is missing in the file. | Reviewer Comment (2025-10-16): Client elects to waive. |
10/16/2025 | No | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | D | D | A | A | B | B | D | D | Non QM | Non QM | No | ||||||||||
| 224250631 | [Redacted] | [Redacted] | 34729441 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | No additional valuation provided in the file | Reviewer Comment (2026-07-21): Cleared. Received AVM |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | AZ | Primary | Purchase | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224250631 | [Redacted] | [Redacted] | 34729442 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-16): Client elects to waive. |
10/16/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Purchase | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224252279 | [Redacted] | [Redacted] | 34739225 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request to allow deposit trend analysis of eligible deposits that's declined year over year by more than [redacted]% (declined [redacted]%) is approved. Per disposition, max DTI is [redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-10-17): Client elected to waive with compensating factors. |
10/17/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224252279 | [Redacted] | [Redacted] | 34739235 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-27): Client elects to waive. |
10/27/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224252451 | [Redacted] | [Redacted] | 34738328 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted]for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of " [redacted]". | Reviewer Comment (2025-10-17): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
10/17/2025 | No | 2 | A | A | A | A | A | A | B | B | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224252451 | [Redacted] | [Redacted] | 34738330 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-17): client elected to waive |
10/17/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224252451 | [Redacted] | [Redacted] | 34738331 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-17): client elected to waive |
10/17/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224252451 | [Redacted] | [Redacted] | 34738354 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | Reviewer Comment (2025-10-22): Received property inspection report and no potential adverse issues noted. Exception cleared. Buyer Comment (2025-10-21): PCI |
10/22/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224254801 | [Redacted] | [Redacted] | 34739346 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-20): Client elects to waive. |
10/20/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | B | B | B | A | B | B | B | B | N/A | Non QM | No | ||||||||||||
| 224254801 | [Redacted] | [Redacted] | 34739354 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Reviewer Comment (2025-10-20): Client elects to waive. |
10/20/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | A | B | B | B | B | N/A | Non QM | No | ||||||||||||||
| 224254801 | [Redacted] | [Redacted] | 34739370 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Coverage amount not provided on preliminary title. | Reviewer Comment (2025-10-24): Title supplemental report received with policy amount. Buyer Comment (2025-10-23): title sup |
10/24/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | B | B | B | A | B | B | B | B | N/A | Non QM | No | |||||||||||
| 224254801 | [Redacted] | [Redacted] | 34739420 | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted], Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. | Tax return extension forms [redacted]is available in file. | Reviewer Comment (2025-10-20): Client elects to waive. |
10/20/2025 | No | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | A | B | B | B | B | N/A | Non QM | No | ||||||||||
| 224254801 | [Redacted] | [Redacted] | 34739421 | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted], Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. | Tax return extension forms [redacted]is available in file. | Reviewer Comment (2025-10-20): Client elects to waive. |
10/20/2025 | No | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | A | B | B | B | B | N/A | Non QM | No | ||||||||||
| 224254801 | [Redacted] | [Redacted] | 35480383 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy - DTI | Reviewer Comment (2026-01-20): Received 1008 which matches DTI. Exception Cleared. Buyer Comment (2026-01-15): 1008 |
01/20/2026 | No | 1 | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | B | B | B | A | B | B | B | B | N/A | Non QM | No | ||||||||||||||||
| 224255691 | [Redacted] | [Redacted] | 34739332 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-20): Client elects to waive. |
10/20/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224255691 | [Redacted] | [Redacted] | 34740108 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for unacceptable property type (excess acreage) is approved. Per disposition, max CLTV [redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Documentation Type: [redacted] Disposable Income: $[redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-10-20): Client elects to waive with compensating factors. |
10/20/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224255691 | [Redacted] | [Redacted] | 34743851 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | ATR risk due to incorrect income documentation: provided VOE is dated [redacted], note date is [redacted]. | Reviewer Comment (2025-10-24): Verbal verification received Buyer Comment (2025-10-22): vvoe |
10/24/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224255691 | [Redacted] | [Redacted] | 34743852 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | ATR risk due to incorrect income documentation: provided VOE is dated [redacted], note date is [redacted]. | Reviewer Comment (2025-10-24): Verbal verification received. Buyer Comment (2025-10-22): see uploaded |
10/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224255691 | [Redacted] | [Redacted] | 34743856 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted]or more guideline components, the loan is at QM risk. | ATR risk due to incorrect income documentation: provided VOE is dated [redacted], note date is [redacted]. | Reviewer Comment (2025-10-24): Verbal verification received Buyer Comment (2025-10-22): see uploaded |
10/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224262476 | [Redacted] | [Redacted] | 34752296 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-20): Client elects to waive. |
10/20/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224262488 | [Redacted] | [Redacted] | 34750938 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-20): Client elects to waive. |
10/20/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224262567 | [Redacted] | [Redacted] | 34750124 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-20): Client elects to waive. |
10/20/2025 | No | 2 | A | A | A | A | A | A | B | B | AZ | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | |||||||||||||
| 224262567 | [Redacted] | [Redacted] | 34750126 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-20): Client elects to waive. |
10/20/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | AZ | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | |||||||||||||
| 224262567 | [Redacted] | [Redacted] | 34750164 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-20): Client elects to waive. |
10/20/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | ||||||||||||
| 224262567 | [Redacted] | [Redacted] | 34772377 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing a signed/dated close out letter for the Heloc paid at closing. | Reviewer Comment (2025-11-04): [redacted]close out letter received. Exception cleared. Buyer Comment (2025-11-03): Closeout letter |
11/04/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | |||||||||||
| 224262567 | [Redacted] | [Redacted] | 34772397 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Discrepancy in Debt ratio. Lender DTI [redacted]%. DD calculated DTI [redacted. Discrepancy is due to the lender is using a higher mortgage payment amounts on the primary residence. | Reviewer Comment (2025-11-05): Received updated 1008. Condition cleared. Buyer Comment (2025-11-03): PC Cert Reviewer Comment (2025-10-29): Calculated P&I for second lien per mortgage statement is $[redacted]whereas provided 1003 reflects $[redacted]. Exception remains. Buyer Comment (2025-10-28): 1003 & 1008 Reviewer Comment (2025-10-27): Calculated P&I for second lien per mortgage statement is $[redacted] whereas provided 1003 reflects $[redacted]. Exception remains. Buyer Comment (2025-10-23): 1003 & 1008 Buyer Comment (2025-10-23): PC Cert |
11/05/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | N/A | Exempt from ATR | No | |||||||||||
| 224262609 | [Redacted] | [Redacted] | 34749759 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-21): Client elects to waive. |
10/21/2025 | No | 2 | A | A | A | A | A | A | B | B | MN | Primary | Refinance - Cash-out - Other | D | D | A | A | C | B | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224262609 | [Redacted] | [Redacted] | 34749760 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-21): Client elects to waive. |
10/21/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | MN | Primary | Refinance - Cash-out - Other | D | D | A | A | C | B | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224262609 | [Redacted] | [Redacted] | 34749769 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-21): Client elects to waive. |
10/21/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | MN | Primary | Refinance - Cash-out - Other | D | D | A | A | C | B | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224262609 | [Redacted] | [Redacted] | 34749841 | Compliance | Compliance | State Compliance | Misc. State Level | [redacted]Tangible Net Benefit Disclosure | [redacted]Residential Mortgage Originator and Servicer Licensing Act: Tangible Net Benefit Disclosure not provided to the Borrower. | Tangible Net Benefit Disclosure is not provided. | Buyer Comment (2025-11-06): KW approved waiver |
11/06/2025 | No | 2 | B | B | B | B | B | B | B | B | B | B | MN | Primary | Refinance - Cash-out - Other | D | D | A | A | C | B | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224262609 | [Redacted] | [Redacted] | 34772593 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used. | Loan transaction did not pay off a lender to lender mortgage. The [redacted]RTC form was used, however the H8 RTC form should have been used. Please provide the corrected RTC with a new rescission period (does not need to be signed), letter to borrower explaining the issue and the mailing label. Borrower must receive the Corrected package at least [redacted] business days prior to the new expiration date on the corrected RTC. | Reviewer Comment (2025-10-23): Same lender refinance. Correctly executed H-8 form. Buyer Comment (2025-10-21): We are the original creditor |
10/23/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | D | A | A | C | B | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224263161 | [Redacted] | [Redacted] | 34751073 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-21): Client elects to waive. |
10/21/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224263161 | [Redacted] | [Redacted] | 34772676 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used. | Loan transaction did not pay off a lender to lender mortgage. The [redacted]RTC form was used, however the H8 RTC form should have been used. Please provide the corrected RTC with a new rescission period (does not need to be signed), letter to borrower explaining the issue and the mailing label. Borrower must receive the Corrected package at least [redacted] business days prior to the new expiration date on the corrected RTC. | Reviewer Comment (2025-10-30): Received correct form of Right To Cancel H-8. Exception cleared. Buyer Comment (2025-10-28): rev RTC and proof viewed by borrower. please clear cond once new [redacted] rescission date has passed. |
10/30/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224263161 | [Redacted] | [Redacted] | 34772688 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File is missing Insurance verification and HOA (if applicable) for this property | Reviewer Comment (2025-10-27): Land only property insurance policy not required , exception cleared Buyer Comment (2025-10-23): REO [redacted] is land only. please see attached parcel search showing no existing building |
10/27/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224263161 | [Redacted] | [Redacted] | 34772696 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Discrepancy in Debt ratio. Lender DTI [redacted]%. DD calculated DTI [redacted]%. Discrepancy is due to the subordinated mortgage with a payment of $ [redacted]which does not appear to have been included in the borrower's total DTI. | Reviewer Comment (2025-10-29): Mortgage is paid by business supported with [redacted] months payment history, exception cleared. Buyer Comment (2025-10-27): please be advised that the Live [redacted] loan is a [redacted] loan being subordinated to ours and will go in 3rd lien position. The Live [redacted] mtg statement [redacted] is a debt paid by their business and shows it is to be deducted from [redacted] this is also stated on our 1008 [redacted] Thus, it should not be included in the DTI calculations, only the LTV calculations. [redacted]months[redacted] statements are uploaded in your bank statement queue. thanks! |
10/29/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224263436 | [Redacted] | [Redacted] | 34758324 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-21): Waived at client direction |
10/21/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224275652 | [Redacted] | [Redacted] | 34768697 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of " [redacted]". | Reviewer Comment (2025-10-23): Client elects to waive. |
10/23/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||||
| 224275652 | [Redacted] | [Redacted] | 34768698 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-23): Client elects to waive. |
10/23/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||||||
| 224275652 | [Redacted] | [Redacted] | 34768700 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-23): Client elects to waive. |
10/23/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||||
| 224275652 | [Redacted] | [Redacted] | 34768718 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | Will you occupy the property as your primary residence marked as YES. | Reviewer Comment (2025-10-30): Received revised corrected final [redacted]of both borrower's, information validated. Exception Cleared. Buyer Comment (2025-10-28): Corrected 1003 |
10/30/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||
| 224275652 | [Redacted] | [Redacted] | 34768727 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception Requested for borrower only providing lease for rental of departing residence when guidelines require lease and proof of receipt of security deposit. Unable to downgrade/waive due to excessive CLTV | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2026-01-05): Client elects to waive with compensating factors. Buyer Comment (2025-12-31): Rebuttal Reviewer Comment (2025-11-04): Received lenders snip of the guides, however loan is a cash out investment property at [redacted]. The min fico required is [redacted]. Buyer Comment (2025-10-31): At the [redacted]% LTV the fico is good to [redacted] Reviewer Comment (2025-10-30): Reviewed lenders rebuttal, however there remains a fico score exception. Condition remains. Buyer Comment (2025-10-28): See final [redacted]in [redacted]page [redacted]. LTV/CLTV is [redacted]% . Exception request was withdrawn as LTV/CLTV is in line with guides Buyer Comment (2025-10-28): Rent and deposit |
01/05/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | ||||||||
| 224275652 | [Redacted] | [Redacted] | 34768734 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception Requested and Approved for [redacted]CLTV due to subordinate solar panel lien. Condition for proof solar lien is subordination to [redacted] & [redacted]lien. Subordination Agreement is provided in the file. Unable to downgrade/waive due to excessive CLTV | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2026-01-05): Client elects to waive with compensating factors. Buyer Comment (2025-12-31): See uploaded rebuttal and docs sent [redacted] Reviewer Comment (2025-11-04): Received lenders snip of the guides, however loan is a cash out investment property at [redacted]. The min fico required is [redacted]. Buyer Comment (2025-10-31): At the [redacted]% LTV the fico is good to [redacted] Reviewer Comment (2025-10-30): Reviewed lenders rebuttal, however there remains a fico score exception. Condition remains. Buyer Comment (2025-10-28): See final [redacted] in [redacted] page [redacted]. LTV/CLTV is [redacted]% . Exception request was withdrawn as LTV/CLTV is in line with guides |
01/05/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | ||||||||
| 224275652 | [Redacted] | [Redacted] | 34787263 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Missing Document: Note - Subordinate Lien not provided | File is missing a current statement for the solar lien on title. | Reviewer Comment (2025-10-30): Received required documentation. Condition cleared. Buyer Comment (2025-10-28): Sub lien |
10/30/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | |||||||||||
| 224275652 | [Redacted] | [Redacted] | 34787581 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | CLTV exceeds the maximum approved CLTV. Must be included in CLTV as this is a lien on title. | Reviewer Comment (2025-10-30): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-10-28): See final [redacted]in [redacted]page [redacted]. LTV/CLTV is [redacted]% . Exception request was withdrawn as LTV/CLTV is in line with guides |
10/30/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | |||||||||||
| 224275652 | [Redacted] | [Redacted] | 34787583 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender exception approval. Unable to downgrade/waive due to excessive CLTV. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2026-01-05): Client elects to waive with compensating factors. Buyer Comment (2025-12-31): See uploaded rebuttal and docs sent [redacted] Reviewer Comment (2025-11-04): Received lenders snip of the guides, however loan is a cash out investment property at [redacted]. The min fico required is [redacted]. Buyer Comment (2025-10-31): At the [redacted]% LTV the fico is good to [redacted] Reviewer Comment (2025-10-30): Reviewed lenders rebuttal, however there remains a fico score exception. Condition remains. Buyer Comment (2025-10-28): See final [redacted]in [redacted] page [redacted]. LTV/CLTV is [redacted]% . Exception request was withdrawn as LTV/CLTV is in line with guides |
01/05/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | |||||||
| 224280646 | [Redacted] | [Redacted] | 34772501 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-21): Waived at client direction |
10/21/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | OR | Primary | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224280646 | [Redacted] | [Redacted] | 34772705 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception Requested and Approved for COVID Forbearance on the [redacted]Lien Mortgage. Condition for Max [redacted]% LTV, [redacted]% CLTV, and [redacted]% DTI. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-10-21): Preapproved exception |
10/21/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| 224280646 | [Redacted] | [Redacted] | 34772737 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Rate was locked on [redacted] at [redacted]% however the [redacted]Rate lock document for the initial rate lock is missing from the file. | Reviewer Comment (2025-10-27): Received Initial Rate lock document. Exception cleared. Buyer Comment (2025-10-23): sorry, here is the lock Reviewer Comment (2025-10-23): Require Rate lock document with rate lock date as provided document does not reflect rate lock date in it. Exception Remains. Buyer Comment (2025-10-22): initial lock |
10/27/2025 | No | 1 | C | A | C | A | C | A | C | A | D | A | OR | Primary | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224280653 | [Redacted] | [Redacted] | 34774307 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider [redacted] Family not provided | Rider - [redacted] Family is missing. | Reviewer Comment (2025-10-27): [redacted] Family rider received, exception cleared. Buyer Comment (2025-10-23): [redacted] rider |
10/27/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||
| 224280653 | [Redacted] | [Redacted] | 34774309 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-23): Client elects to waive. |
10/23/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||||
| 224280653 | [Redacted] | [Redacted] | 34774310 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2025-10-30): Received required documentation. Condition cleared. Buyer Comment (2025-10-28): [redacted]report |
10/30/2025 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||||
| 224283013 | [Redacted] | [Redacted] | 34784506 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy. | Reviewer Comment (2025-10-30): Received Title Final with the corrected policy coverage amount. Exception Cleared. |
10/30/2025 | No | 1 | A | A | A | A | A | A | A | A | A | A | MA | Investment | Refinance - Cash-out - Other | D | B | B | A | D | B | N/A | No | ||||||||||||||
| 224283013 | [Redacted] | [Redacted] | 34784511 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-30): Client elects to waive. |
10/30/2025 | No | 2 | A | A | A | A | A | A | B | B | MA | Investment | Refinance - Cash-out - Other | D | B | B | A | D | B | N/A | No | ||||||||||||||||
| 224283013 | [Redacted] | [Redacted] | 34784512 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Reviewer Comment (2025-11-28): Received CDA. Condition cleared. Buyer Comment (2025-11-25): CDA |
11/28/2025 | No | 1 | N/A | A | A | A | N/A | A | D | A | D | A | MA | Investment | Refinance - Cash-out - Other | D | B | B | A | D | B | N/A | No | |||||||||||||||
| 224283013 | [Redacted] | [Redacted] | 34787878 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title policy amount: $ [redacted]. Loan amount: [redacted]. Coverage shortfall $ [redacted]. | Reviewer Comment (2025-10-30): Received Title Final with the corrected policy coverage amount. Exception Cleared. Buyer Comment (2025-10-28): Corrected title |
10/30/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | MA | Investment | Refinance - Cash-out - Other | D | B | B | A | D | B | N/A | No | ||||||||||||||
| 224284863 | [Redacted] | [Redacted] | 34788608 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-24): Client may elect to waive |
10/24/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||
| 224284863 | [Redacted] | [Redacted] | 34788610 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): Cleared. Received AVM Reviewer Comment (2025-10-24): Client may elect to waive |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||||
| 224284863 | [Redacted] | [Redacted] | 34788619 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage statement not provided. | Reviewer Comment (2025-11-25): Received Closing Disclosure in lieu of Mortgage statement of REO property " Address: [redacted] information validated. Exception Cleared. Buyer Comment (2025-11-21): CD |
11/25/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||
| 224284863 | [Redacted] | [Redacted] | 34788741 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | DTI variance. Lender DTI; [redacted]%. Review DTI; [redacted]%. Reason for variance is rent loss discrepancy on 1008 and 1003. Per documentation provided review calculation rent loss is -$ [redacted]which doesn't math rent loss on 1003 and 1008 -$ [redacted] | Reviewer Comment (2025-11-25): Condition cleared. Now within tolerance. Buyer Comment (2025-11-21): Rebuttal |
11/25/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||
| 224284863 | [Redacted] | [Redacted] | 35480376 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy - DTI | Reviewer Comment (2026-01-20): [redacted]DTI [redacted]% Buyer Comment (2026-01-16): DTI Figures match [redacted]% / [redacted]% |
01/20/2026 | No | 1 | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||||||
| 224284863 | [Redacted] | [Redacted] | 37036047 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | NJ | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||||||||
| 224284869 | [Redacted] | [Redacted] | 34791259 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-27): Client elects to waive. |
10/27/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224284869 | [Redacted] | [Redacted] | 34791271 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | [redacted]valuation would be required for securitization. | Reviewer Comment (2025-10-27): Client elects to waive. |
10/27/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | NV | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224284869 | [Redacted] | [Redacted] | 34791272 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | [redacted]valuation would be required for securitization. | Reviewer Comment (2025-10-27): AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted] Securitization [redacted]. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
10/27/2025 | No | 2 | A | A | A | A | A | A | B | B | NV | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224284869 | [Redacted] | [Redacted] | 34791298 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used. | Loan transaction did not pay off a lender to lender mortgage. The H9 RTC form was used, however the [redacted]RTC form should have been used. Please provide the corrected RTC with a new rescission period (does not need to be signed), letter to borrower explaining the issue and the mailing label. Borrower must receive the Corrected package at least [redacted] business days prior to the new expiration date on the corrected RTC. | Reviewer Comment (2025-12-05): As per requirement received right to cancel H-8 form, information validated. Exception Cleared. Buyer Comment (2025-12-03): New RTC |
12/05/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224284869 | [Redacted] | [Redacted] | 35165882 | Compliance | Compliance | Federal Compliance | TILA | TILA Notice of Right to Cancel Expiration Date greater than Deal Start Date. | Rescission expiration date provided by lender on Notice of Right to Cancel has not expired as of time of review. | Reviewer Comment (2025-12-10): Right to Cancel date is Expired. Exception cleared. Buyer Comment (2025-12-08): New RTC is past now, please clear |
12/10/2025 | No | 1 | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224286749 | [Redacted] | [Redacted] | 34791949 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-27): Client elects to waive. |
10/27/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224286749 | [Redacted] | [Redacted] | 34791973 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Third Circuit) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The[redacted] form was used, the [redacted] form should have been used. | Existing [redacted]lien being paid off was originated by same lender as per title commitment, but [redacted] Right to cancel form was used instead of [redacted]. | Reviewer Comment (2025-10-30): Corrected RTC sent to borrower. Separate exception added and can be cleared after [redacted] Buyer Comment (2025-10-29): revised RTC and proof viewed by borrower. please clear condition once reopened rescission date ends on [redacted] |
10/30/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224286749 | [Redacted] | [Redacted] | 35480372 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy - DTI | Reviewer Comment (2026-01-16): Received updated [redacted]. Condition cleared. DTI within tolerance. Buyer Comment (2026-01-14): Revise [redacted]and [redacted]for the [redacted]of the [redacted] cards and [redacted] cards paid by the business and documented by [redacted]+ months bank statements. Buyer Comment (2026-01-14): Please see revised [redacted] and [redacted]omitting the borrower's [redacted]lease, [redacted] revolving debts that were paid by the business. Statements supported [redacted] months of payments and met section [redacted] |
01/16/2026 | No | 1 | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224286759 | [Redacted] | [Redacted] | 34792416 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-27): Client elects to waive. |
10/27/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | IN | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224286759 | [Redacted] | [Redacted] | 34792424 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-27): Client elects to waive. |
10/27/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | IN | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224286759 | [Redacted] | [Redacted] | 34792425 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | [redacted]valuation is missing, as would be required for securitization. | Reviewer Comment (2025-10-27): Client elects to waive. |
10/27/2025 | No | 2 | A | A | A | A | A | A | B | B | IN | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224286759 | [Redacted] | [Redacted] | 34792443 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-10-31): Received E-sign Process Summary. Exception cleared Buyer Comment (2025-10-29): audit trail |
10/31/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224292608 | [Redacted] | [Redacted] | 34797212 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-28): Client elects to waive. |
10/28/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | OR | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224292608 | [Redacted] | [Redacted] | 34797213 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-28): Client elects to waive. |
10/28/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | OR | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 224292608 | [Redacted] | [Redacted] | 34797215 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-28): Client elects to waive. |
10/28/2025 | No | 2 | A | A | A | A | A | A | B | B | OR | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224292608 | [Redacted] | [Redacted] | 34797369 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to [redacted]([redacted]) business days from transaction date of [redacted]. | Subject loan transaction disbursed [redacted], prior to three business days from transaction date [redacted]. | Reviewer Comment (2025-11-21): Post close closing disclosure received and details updated. Exception cleared. Buyer Comment (2025-11-19): PCCD Reviewer Comment (2025-11-05): Post Close Closing Disclosure with disbursement date [redacted] is required. Exception remains. Buyer Comment (2025-11-03): PC Cert |
11/21/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224293038 | [Redacted] | [Redacted] | 34802673 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-28): Client elects to waive. |
10/28/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224293038 | [Redacted] | [Redacted] | 34802676 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-11-06): Received E-sign Consent Agreement. Exception cleared. Buyer Comment (2025-11-05): Econsent |
11/06/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224296337 | [Redacted] | [Redacted] | 34803638 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-28): Client elects to waive. |
10/28/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224298215 | [Redacted] | [Redacted] | 34807621 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-28): Client elects to waive. |
10/28/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224298215 | [Redacted] | [Redacted] | 34807624 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-10-28): Client elects to waive. |
10/28/2025 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224298215 | [Redacted] | [Redacted] | 34807661 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-28): Client elects to waive. |
10/28/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NJ | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224298502 | [Redacted] | [Redacted] | 34806078 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-28): Client elects to waive. |
10/28/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224300004 | [Redacted] | [Redacted] | 34809513 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-31): Client elects to waive. Buyer Comment (2025-10-30): please clear per deal |
10/31/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||||
| 224300004 | [Redacted] | [Redacted] | 34809514 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted]valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): Cleared. Received AVM Reviewer Comment (2025-12-24): Client elects to waive. Reviewer Comment (2025-12-24): , Reviewer Comment (2025-10-31): Client elects to waive. |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||||
| 224300004 | [Redacted] | [Redacted] | 34809520 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File is missing Mortgage statement, Tax Certificate, Hazard Insurance for REO -[redacted]. 1008 shows $[redacted]mortgage P&I for primary property, final 1003 does not show any liabilities for this property. | Reviewer Comment (2025-10-31): CD received. Buyer Comment (2025-10-30): this is currently in process of closing. I attached an estimated CD |
10/31/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||
| 224300004 | [Redacted] | [Redacted] | 34836063 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Final 1003 in file reflects borrower living in investment subject property for [redacted]years whereas REO property [redacted] is marked as primary. Corrected final 1003 required. | Reviewer Comment (2025-10-31): Borrower in is process of buying the primary residence and subject property will be investment, exception cleared. Buyer Comment (2025-10-30): The subject property is [redacted]departing residence as [redacted]is going to become their primary residence as soon as they close [redacted] |
10/31/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||
| 224300007 | [Redacted] | [Redacted] | 34809613 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted]valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): Cleared. Received AVM |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||||
| 224300007 | [Redacted] | [Redacted] | 34809614 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-28): Lender elects to waive |
10/28/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||||
| 224300007 | [Redacted] | [Redacted] | 34835231 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | DATA DISCREPANCY WITH DTI. LENDER DTI [redacted]%, REVIEW DTI [redacted]%. THE REASON FOR THE DISCREPANCY IS DUE TO lender using a higher qualifying income from co-borrower which was undefined on Final 1003. | Reviewer Comment (2025-11-03): Exception cleared, updated income calculation was provided. Buyer Comment (2025-10-30): [redacted]Asset statements to support income: $[redacted] [redacted] |
11/03/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||
| 224304411 | [Redacted] | [Redacted] | 34809562 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-29): Client elects to waive. |
10/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224304411 | [Redacted] | [Redacted] | 34809578 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. | Reviewer Comment (2025-11-25): Cleared. Received supplelmental report in trailing docs. Buyer Comment (2025-11-24): supplemental report |
11/25/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224304411 | [Redacted] | [Redacted] | 34844293 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Discrepancy in Debt ratio. Lender DTI [redacted]%. DD calculated DTI [redacted]%. Discrepancy is due to the lender is using a higher mortgage payment on the borrower's primary residence than what was provided in the file. | Reviewer Comment (2025-12-19): Received revised 1008 and 1003 document, information validated. Exception Cleared. Buyer Comment (2025-12-17): 1008 Reviewer Comment (2025-12-17): 1003 received, 1008 is not provided. Unable to verify the corrected DTI. Buyer Comment (2025-12-15): [redacted]& [redacted]- agreed and corrected Reviewer Comment (2025-11-25): The total PITI for the primary home ([redacted]) is $[redacted]. Buyer Comment (2025-11-24): [redacted] Reviewer Comment (2025-11-18): UPDATE: The issue here is the lender used a PITI payment of $[redacted]for the borrower's primary residence, however the full payment is $[redacted]. Buyer Comment (2025-11-14): per [redacted]Cert provided, the primary mortgage payment is correct at $[redacted]. Please review PC Cert and mortgage statement. Principal $[redacted]+ Interest $[redacted] = $[redacted]. Reviewer Comment (2025-11-07): Reviewed lender trailing docs, however an updated DTI was not provided. Buyer Comment (2025-11-05): PC Cert |
12/19/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224304425 | [Redacted] | [Redacted] | 34809908 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-29): client elected to waive |
10/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | C | B | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224304425 | [Redacted] | [Redacted] | 34809909 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): Cleared. Received AVM |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | C | B | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224304425 | [Redacted] | [Redacted] | 34844907 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The consumer purchased the property with [redacted]on [redacted], the LTV at time of purchase was [redacted]%. The customer is wanting to access the equity. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. |
DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-10-29): Client elected to waive with compensating factors. |
10/29/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | D | C | B | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224304425 | [Redacted] | [Redacted] | 37036403 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | FL | Primary | Refinance - Cash-out - Other | D | C | B | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 224304426 | [Redacted] | [Redacted] | 34809547 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-29): Client elects to waive. |
10/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224304426 | [Redacted] | [Redacted] | 34809553 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Commission Tax Documentation | Qualified Mortgage (Dodd-Frank 2014): Commission income missing two years consecutive signed tax returns or tax transcripts | Borrower is qualified with commission income file does not have recent [redacted]years of tax return document. | Reviewer Comment (2025-11-07): Compliance report received & loan designation updated. Exception cleared. Buyer Comment (2025-11-05): PC Cert |
11/07/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224304426 | [Redacted] | [Redacted] | 34809555 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Unknown Loan Designation Test | Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation not provided. Loan tested as Non-QM. Due Diligence Loan Designation is Non QM. | Compliance report is missing in file. | Reviewer Comment (2025-11-07): Compliance report received & loan designation updated. Exception cleared. Buyer Comment (2025-11-05): compliance report |
11/07/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224304426 | [Redacted] | [Redacted] | 34835816 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy with dti. Lender dti [redacted]%, review dti [redacted]%. The reason for the discrepancy is due to Lender used a higher P&I for primary first mortgage. | Reviewer Comment (2025-11-24): Revised 1003 & 1008 received, exception cleared. Buyer Comment (2025-11-20): corrected 1003 & 1008 |
11/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224304806 | [Redacted] | [Redacted] | 34809677 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-29): AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted]Securitization Bulletin.[redacted]expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]. |
10/29/2025 | No | 2 | A | A | A | A | A | A | B | B | GA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224304806 | [Redacted] | [Redacted] | 34809678 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-10-29): Client elected to waive |
10/29/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | GA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224304806 | [Redacted] | [Redacted] | 34809679 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-29): Client elected to waive |
10/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224315310 | [Redacted] | [Redacted] | 34845004 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-30): Client elects to waive. |
10/30/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224315310 | [Redacted] | [Redacted] | 34845009 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | The RTC expiration date and closing date are incorrect. Please provide the corrected RTC with a new rescission period (does not need to be signed), letter to borrower explaining the issue and the mailing label. Borrower must receive the Corrected package at least [redacted]business days prior to the new expiration date on the corrected RTC. | Reviewer Comment (2025-12-24): Received corrected RTC, Mailing label and letter to borrower. Condition cleared. Buyer Comment (2025-12-22): new RTC docs - rescission end date today Reviewer Comment (2025-11-26): Received PCCD with updated closing date. Please provide corrected RTC with new rescission period. Buyer Comment (2025-11-24): PCCD corrected closing and disbursement dates. Once confirmed this is correct, will re-open rescission. Reviewer Comment (2025-11-11): The transaction date must be [redacted]as Final CD was signed by the borrower on [redacted] and expiration date must be [redacted] Exception remains. Buyer Comment (2025-11-07): PC Cert |
12/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224315878 | [Redacted] | [Redacted] | 34844867 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-10-30): Client elects to waive. |
10/30/2025 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | B | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224315878 | [Redacted] | [Redacted] | 34844868 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-30): Client elects to waive. |
10/30/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | B | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224315878 | [Redacted] | [Redacted] | 34844880 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted]business days of the Note. | - | Provided VVOE is not within [redacted]business days of Note. | Reviewer Comment (2025-11-05): Available Borrower VVOE document in file is within [redacted]business days from the closing date. Exception Cleared. Buyer Comment (2025-11-03): Please see [redacted] |
11/05/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | B | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224315878 | [Redacted] | [Redacted] | 34844886 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Initial Rate Lock Date not provided | Reviewer Comment (2025-11-05): Received Rate Lock document, information validated. Exception Cleared. Buyer Comment (2025-11-03): Initial Lock Form |
11/05/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | B | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224328361 | [Redacted] | [Redacted] | 34854170 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for unacceptable property type - Unique property (subject has multiple ADUs) is approved. Per disposition, subject to meeting all CES guidelines. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-11-05): Client elects to waive with compensating factors. Buyer Comment (2025-11-03): is anything needed on this? |
11/05/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | |||||||||||
| 224328361 | [Redacted] | [Redacted] | 34857485 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2025-11-10): Received required documentation. Condition cleared. Buyer Comment (2025-11-06): CDA |
11/10/2025 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||||||||
| 224329224 | [Redacted] | [Redacted] | 34857607 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-31): Client elects to waive. |
10/31/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224329224 | [Redacted] | [Redacted] | 34862524 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Lender divided the passive asset income by [redacted], however the [redacted]lien guidelines reflects the assets must be divided by [redacted]. | Reviewer Comment (2025-12-24): Received guides used at the time the loan was approved. Condition cleared. Reviewer Comment (2025-11-26): Reviewed lenders rebuttal, however the guidelines provided to DD do not have a section[redacted]. Per the guides provided to DD, there is only section[redacted] which states the passive income must be divided by [redacted]. Condition remains. Buyer Comment (2025-11-24): Rebuttal Reviewer Comment (2025-11-05): Section [redacted] Applicants with accumulated liquid assets who do not wish to set up asset distributions may be qualified by utilizing their assets divided by a [redacted]-year ([redacted]month) term. Exception remains. Buyer Comment (2025-11-03): Please provide the guidelines you are seeing [redacted]as the guidelines I found all state to divide by [redacted]. |
12/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224329224 | [Redacted] | [Redacted] | 34862531 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Lender divided the passive asset income by [redacted], however the [redacted]lien guidelines reflects the assets must be divided by [redacted]. | Reviewer Comment (2025-12-24): Received guides used at the time the loan was approved. Condition cleared. Reviewer Comment (2025-11-26): Reviewed lenders rebuttal, however the guidelines provided to DD do not have a section[redacted]. Per the guides provided to DD, there is only section [redacted]which states the passive income must be divided by [redacted]. Condition remains. Buyer Comment (2025-11-24): see uploaded Reviewer Comment (2025-11-05): Section [redacted] Applicants with accumulated liquid assets who do not wish to set up asset distributions may be qualified by utilizing their assets divided by a [redacted]-year ([redacted] month) term. Exception remains. Buyer Comment (2025-11-03): Please provide the guidelines you are seeing [redacted]as the guidelines I found all state to divide by [redacted]. |
12/24/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | NV | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224329224 | [Redacted] | [Redacted] | 34862532 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both significantly exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and [redacted](e) of [redacted]% significantly exceeds the guideline maximum of [redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to [redacted]-B.) | Lender divided the passive asset income by [redacted], however the [redacted]lien guidelines reflects the assets must be divided by [redacted]. | Reviewer Comment (2025-12-24): Received guides used at the time the loan was approved. Condition cleared. Reviewer Comment (2025-11-26): Reviewed lenders rebuttal, however the guidelines provided to DD do not have a section[redacted]. Per the guides provided to DD, there is only section [redacted]which states the passive income must be divided by [redacted]. Condition remains. Buyer Comment (2025-11-24): see uploaded Reviewer Comment (2025-11-05): Section [redacted]Applicants with accumulated liquid assets who do not wish to set up asset distributions may be qualified by utilizing their assets divided by a [redacted]-year ([redacted] month) term. Exception remains. Buyer Comment (2025-11-03): Please provide the guidelines you are seeing [redacted]as the guidelines I found all state to divide by [redacted]. |
12/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224329224 | [Redacted] | [Redacted] | 34862533 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Lender divided the passive asset income by [redacted], however the [redacted]lien guidelines reflects the assets must be divided by [redacted]. | Reviewer Comment (2025-12-24): Received guides used at the time the loan was approved. Condition cleared. Reviewer Comment (2025-11-26): Reviewed lenders rebuttal, however the guidelines provided to DD do not have a section[redacted]. Per the guides provided to DD, there is only section [redacted]which states the passive income must be divided by [redacted]. Condition remains. Buyer Comment (2025-11-24): see uploaded Reviewer Comment (2025-11-05): Section [redacted] Applicants with accumulated liquid assets who do not wish to set up asset distributions may be qualified by utilizing their assets divided by a [redacted]-year ([redacted] month) term. Exception remains. Buyer Comment (2025-11-03): Please provide the guidelines you are seeing [redacted]as the guidelines I found all state to divide by [redacted]. |
12/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224329224 | [Redacted] | [Redacted] | 34862582 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Discrepancy in Debt ratio. Lender DTI [redacted]%. DD calculated DTI [redacted]%. Discrepancy is due to the lender calculated the passive asset income divided by [redacted], however the [redacted]lien guides reflects the following: Applicants with accumulated liquid assets who do not wish to set up asset distributions may be qualified by utilizing their assets divided by a [redacted]-year ([redacted]month) term. | Reviewer Comment (2025-12-24): Received guides used at the time the loan was approved. Condition cleared. Reviewer Comment (2025-11-26): Reviewed lenders rebuttal, however the guidelines provided to DD do not have a section[redacted]. Per the guides provided to DD, there is only section [redacted]which states the passive income must be divided by [redacted]. Condition remains. Buyer Comment (2025-11-24): see uploaded Reviewer Comment (2025-11-05): Section [redacted] Applicants with accumulated liquid assets who do not wish to set up asset distributions may be qualified by utilizing their assets divided by a [redacted]-year ([redacted]month) term. Exception remains. Buyer Comment (2025-11-03): Please provide the guidelines you are seeing [redacted]as the guidelines I found all state to divide by [redacted]. |
12/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224329369 | [Redacted] | [Redacted] | 34854586 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-31): Client elects to waive. |
10/31/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||||
| 224329369 | [Redacted] | [Redacted] | 34854596 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-06): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-11-04): per guidelines for closed end seconds states addt'l appraisal due diligence may be required at the discretion of the UW for loan amounts over $[redacted] |
11/06/2025 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||||
| 224330037 | [Redacted] | [Redacted] | 34857626 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-31): Client elects to waive. |
10/31/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224330051 | [Redacted] | [Redacted] | 34855756 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2025-11-14): Cleared. Received CDA. Buyer Comment (2025-11-12): CDA |
11/14/2025 | No | 1 | D | A | A | A | D | A | A | D | A | AZ | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224330051 | [Redacted] | [Redacted] | 34855757 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-10-31): Client elects to waive. |
10/31/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224330051 | [Redacted] | [Redacted] | 34864081 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Discrepancy in Debt ratio. Lender DTI [redacted]%. DD calculated DTI [redacted]%. Discrepancy is due to the lender is using higher other monthly payments. | Reviewer Comment (2025-11-20): DTI is within tolerance cleared. Buyer Comment (2025-11-19): corrected 1003 & 1008 Reviewer Comment (2025-11-10): Utility bill liabilities in the total amount of #[redacted]are omitted from DTI. Exception remains. Buyer Comment (2025-11-07): Please confirm why payments in total amount of $[redacted] are being omitted before I can correct [redacted]. |
11/20/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224335211 | [Redacted] | [Redacted] | 34859628 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-04): Client elects to waive. |
11/04/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | WI | Primary | Refinance - Cash-out - Other | D | B | A | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224335211 | [Redacted] | [Redacted] | 34859633 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-11-04): Client elects to waive. |
11/04/2025 | No | 2 | A | A | A | A | A | A | B | B | WI | Primary | Refinance - Cash-out - Other | D | B | A | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224335211 | [Redacted] | [Redacted] | 34859636 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. [redacted]AVM's with the same Model Name were entered. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-11): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-11-07): please see the report dates. one was pulled on [redacted] and the other is pulled on [redacted] |
11/11/2025 | No | 1 | D | A | A | A | D | A | A | A | D | A | WI | Primary | Refinance - Cash-out - Other | D | B | A | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224335219 | [Redacted] | [Redacted] | 34863043 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-04): Client elects to waive. |
11/04/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224335232 | [Redacted] | [Redacted] | 34864709 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-03): Client elected to waive |
11/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | WY | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224335232 | [Redacted] | [Redacted] | 34864727 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | [redacted]valuation is not required for Securitized. | Reviewer Comment (2025-11-03): Client elected to waive |
11/03/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | WY | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224335232 | [Redacted] | [Redacted] | 34864817 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-03): AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin.[redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
11/03/2025 | No | 2 | A | A | A | A | A | A | B | B | WY | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224335236 | [Redacted] | [Redacted] | 34862077 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-04): Client elects to waive. |
11/04/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224335236 | [Redacted] | [Redacted] | 34862079 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-23): Cleared. received avm |
07/23/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224335236 | [Redacted] | [Redacted] | 34895340 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to use ledger and WVOE in place of ytd paystub/bank statements showing income receipts. Must link ledger to borrower. Unable to downgrade and waive due to the WVOE to confirm the ledger belongs to the borrower. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Documentation Type: [redacted] Disposable Income: $[redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-11-18): Client elects to waive with compensating factors. Buyer Comment (2025-11-17): please see B2 [redacted]doc [redacted] and ledger [redacted] \ B2 [redacted]doc [redacted] and ledger [redacted] that reflects [redacted]amounts match for each borrower. proof previously provided to link [redacted] Reviewer Comment (2025-11-13): Reviewed lender rebuttal, however the lender exception clearly states a WVOE confirming the ledger belongs to the CB is required. DD is unable to downgrade and waive due to this requirement. Buyer Comment (2025-11-11): [redacted] as shown on the Work Number, operates brokerage firms under the name of [redacted]. CPA letters for both borrowers are docs [redacted]& [redacted]. [redacted]'s, tax transcripts and financial statements were all previously uploaded. thanks Reviewer Comment (2025-11-10): Reviewed the work number verification, however the lender exception approval explicitly stated a WVOE was required to confirm the ledger as belonging to the CB from the employer. Condition remains. Buyer Comment (2025-11-06): Work Number VOE uploaded, docs [redacted]& [redacted] |
11/18/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224335236 | [Redacted] | [Redacted] | 34895349 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved [redacted]mortgage lien has modification which are ineligible. Borrower is not on the [redacted]lien. Solely in the name of the other title holder. Unable to downgrade and waive due to the WVOE to confirm the ledger belongs to the borrower. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Documentation Type: [redacted] Disposable Income: $[redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-11-18): Client elects to waive with compensating factors. Buyer Comment (2025-11-17): please see B2 [redacted]doc [redacted] and ledger [redacted] \ B2 [redacted]doc [redacted] and ledger [redacted] that reflects [redacted]amounts match for each borrower. proof previously provided to link [redacted] Reviewer Comment (2025-11-13): Reviewed lender rebuttal, however the lender exception clearly states a WVOE confirming the ledger belongs to the CB is required. DD is unable to downgrade and waive due to this requirement. Buyer Comment (2025-11-11): [redacted] as shown on the Work Number, operates brokerage firms under the name of [redacted]. CPA letters for both borrowers are docs [redacted]& [redacted]. [redacted]'s, tax transcripts and financial statements were all previously uploaded. thanks Reviewer Comment (2025-11-10): Reviewed the work number verification, however the lender exception approval explicitly stated a WVOE was required to confirm the ledger as belonging to the CB from the employer. Condition remains. Buyer Comment (2025-11-06): Work Number VOE uploaded, docs [redacted]& [redacted] |
11/18/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224335236 | [Redacted] | [Redacted] | 34895357 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for LTV max of [redacted]% with FICO of [redacted]. Min fico for [redacted]% LtV is [redacted]. B1 fico is [redacted]. But [redacted]is the primary income earner. Unable to downgrade and waive due to the WVOE to confirm the ledger belongs to the borrower. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Documentation Type: [redacted] Disposable Income: $[redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-11-18): Client elects to waive with compensating factors. Buyer Comment (2025-11-17): please see B2 [redacted]doc [redacted] and ledger [redacted] \ B2 [redacted]doc [redacted] and ledger [redacted] that reflects [redacted]amounts match for each borrower. proof previously provided to link [redacted] Reviewer Comment (2025-11-13): Reviewed lender rebuttal, however the lender exception clearly states a WVOE confirming the ledger belongs to the CB is required. DD is unable to downgrade and waive due to this requirement. Buyer Comment (2025-11-11): [redacted] as shown on the Work Number, operates brokerage firms under the name of [redacted]. CPA letters for both borrowers are docs [redacted]& [redacted]. [redacted]'s, tax transcripts and financial statements were all previously uploaded. thanks Reviewer Comment (2025-11-10): Reviewed the work number verification, however the lender exception approval explicitly stated a WVOE was required to confirm the ledger as belonging to the CB from the employer. Condition remains. Buyer Comment (2025-11-06): Work Number VOE uploaded, docs [redacted]& [redacted] |
11/18/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224335236 | [Redacted] | [Redacted] | 34895371 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for B2 fico is [redacted]. Min for program is [redacted]. Unable to downgrade and waive due to the WVOE to confirm the ledger belongs to the borrower. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Documentation Type: [redacted] Disposable Income: $[redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-11-18): Client elects to waive with compensating factors. Buyer Comment (2025-11-17): please see B2 [redacted]doc [redacted] and ledger [redacted] \ B2 [redacted]doc [redacted] and ledger [redacted] that reflects [redacted]amounts match for each borrower. proof previously provided to link [redacted] Reviewer Comment (2025-11-13): Reviewed lender rebuttal, however the lender exception clearly states a WVOE confirming the ledger belongs to the CB is required. DD is unable to downgrade and waive due to this requirement. Buyer Comment (2025-11-11): [redacted] as shown on the Work Number, operates brokerage firms under the name of [redacted]. CPA letters for both borrowers are docs [redacted]& [redacted]. [redacted]'s, tax transcripts and financial statements were all previously uploaded. thanks Reviewer Comment (2025-11-10): Reviewed the work number verification, however the lender exception approval explicitly stated a WVOE was required to confirm the ledger as belonging to the CB from the employer. Condition remains. Buyer Comment (2025-11-06): Work Number VOE uploaded, docs [redacted]& [redacted] |
11/18/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224335236 | [Redacted] | [Redacted] | 34895373 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for loan amount of $[redacted]with fico of [redacted]. For [redacted] loan amount, min fico required is [redacted]. Unable to downgrade and waive due to the WVOE to confirm the ledger belongs to the borrower. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Documentation Type: [redacted] Disposable Income: $[redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-11-18): Client elects to waive with compensating factors. Buyer Comment (2025-11-17): please see B2 [redacted]doc [redacted] and ledger [redacted] \ B2 [redacted]doc [redacted] and ledger [redacted] that reflects [redacted]amounts match for each borrower. proof previously provided to link [redacted] Reviewer Comment (2025-11-13): Reviewed lender rebuttal, however the lender exception clearly states a WVOE confirming the ledger belongs to the CB is required. DD is unable to downgrade and waive due to this requirement. Buyer Comment (2025-11-11): [redacted] as shown on the Work Number, operates brokerage firms under the name of [redacted]. CPA letters for both borrowers are docs [redacted]& [redacted]. [redacted]'s, tax transcripts and financial statements were all previously uploaded. thanks Reviewer Comment (2025-11-10): Reviewed the work number verification, however the lender exception approval explicitly stated a WVOE was required to confirm the ledger as belonging to the CB from the employer. Condition remains. Buyer Comment (2025-11-06): Work Number VOE uploaded, docs [redacted]& [redacted] |
11/18/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224335236 | [Redacted] | [Redacted] | 37036566 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | NJ | Primary | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 224335236 | [Redacted] | [Redacted] | 37036588 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. A [redacted]AVM was provided with [redacted]> [redacted], and its value does not support the "Use for LTV" value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. Per client, as per [redacted] Guidelines only require one valuation product. |
07/28/2026 | No | 3 | C | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 224335261 | [Redacted] | [Redacted] | 34882656 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud report is missing in file. | Reviewer Comment (2025-11-13): Fraud Report received, Exception Cleared. Buyer Comment (2025-11-12): Fraud |
11/13/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224335261 | [Redacted] | [Redacted] | 34882688 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-04): Client elects to waive. |
11/04/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224335261 | [Redacted] | [Redacted] | 34882696 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-11-13): E-Sign Consent Agreement received, exception cleared. Buyer Comment (2025-11-12): Econsent |
11/13/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224335261 | [Redacted] | [Redacted] | 34882744 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate Lock agreement is missing in file. | Reviewer Comment (2025-11-13): Rate lock received, exception cleared. Buyer Comment (2025-11-12): Lock |
11/13/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224335261 | [Redacted] | [Redacted] | 34882749 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three (3) business days from transaction date of [redacted]. | Reviewer Comment (2025-11-13): Post close CD received, exception cleared. Buyer Comment (2025-11-12): PCCD |
11/13/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||
| 224335261 | [Redacted] | [Redacted] | 34882754 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | Missing VVOE within [redacted]business days of Note date for borrower's current employment. | Reviewer Comment (2025-11-21): Document provided. Reviewer Comment (2025-11-13): Provided [redacted]party employment verification document as of date is [redacted] which is after the note date of [redacted]. Exception remains. Buyer Comment (2025-11-12): VVOE |
11/21/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224335261 | [Redacted] | [Redacted] | 34882755 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted]business days of the Note. | - | Missing VVOE within [redacted]business days of Note date for borrower's current employment. | Reviewer Comment (2025-11-21): Document provided. Reviewer Comment (2025-11-13): Provided [redacted]party employment verification document as of date is [redacted] which is after the note date of [redacted]. Exception remains. Buyer Comment (2025-11-12): VVOE |
11/21/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224335261 | [Redacted] | [Redacted] | 34886042 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Missing VVOE within [redacted]business days of Note date for borrower's current employment. | Reviewer Comment (2025-11-21): Document provided. Reviewer Comment (2025-11-13): Provided [redacted]party employment verification document as of date is [redacted] which is after the note date of [redacted]. Exception remains. Buyer Comment (2025-11-12): See uploaded VVOE |
11/21/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224335261 | [Redacted] | [Redacted] | 34886084 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall exception due to missing VVOE within 10 business days of Note date for borrower's current employment. | Reviewer Comment (2025-11-21): Document provided. Reviewer Comment (2025-11-13): Provided [redacted]party employment verification document as of date is [redacted] which is after the note date of [redacted]. Exception remains. Buyer Comment (2025-11-12): See uploaded VVOE |
11/21/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224335261 | [Redacted] | [Redacted] | 34886085 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Missing VVOE within [redacted]business days of Note date for borrower's current employment. | Reviewer Comment (2025-11-21): Document provided. Reviewer Comment (2025-11-13): Provided [redacted]party employment verification document as of date is [redacted] which is after the note date of [redacted]. Exception remains. Buyer Comment (2025-11-12): See uploaded VVOE |
11/21/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224335261 | [Redacted] | [Redacted] | 34886100 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to missing VVOE within [redacted]business days of Note date for borrower's current employment. | Reviewer Comment (2025-11-21): Document provided. Reviewer Comment (2025-11-13): Provided [redacted]party employment verification document as of date is [redacted] which is after the note date of [redacted]. Exception remains. Buyer Comment (2025-11-12): See uploaded VVOE |
11/21/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224335341 | [Redacted] | [Redacted] | 34861516 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-04): AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted]expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B |
11/04/2025 | No | 2 | A | A | A | A | A | A | B | B | AK | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224335341 | [Redacted] | [Redacted] | 34861518 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-04): Client elects to waive. |
11/04/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | AK | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224335341 | [Redacted] | [Redacted] | 34861520 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-04): Client elects to waive. |
11/04/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AK | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224335341 | [Redacted] | [Redacted] | 34862504 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy with DTI. Lender DTI [redacted]%, Review DTI [redacted]%. The reason for the discrepancy is due to Lender used higher P&I for primary mortgage. | Reviewer Comment (2025-11-10): updated 1008 provided. Buyer Comment (2025-11-06): primary P&I updated per condition |
11/10/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AK | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224335345 | [Redacted] | [Redacted] | 34864973 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-04): Client elects to waive. |
11/04/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224335348 | [Redacted] | [Redacted] | 34865494 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-03): Client elected to waive |
11/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224335353 | [Redacted] | [Redacted] | 34865763 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-04): Client elects to waive. |
11/04/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224335353 | [Redacted] | [Redacted] | 34866011 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage Statement missing for address Address: [redacted] | Reviewer Comment (2025-11-13): Received First Payment Letter. Exception cleared Buyer Comment (2025-11-12): mtg statement, fpl, + final 1003 ([redacted]mortgages) |
11/13/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224336879 | [Redacted] | [Redacted] | 34872387 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Mortgage Statement. | Reviewer Comment (2025-11-10): Note document received confirming monthly payment, exception cleared. Buyer Comment (2025-11-07): note |
11/10/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Non QM | Non QM | No | ||||||||||
| 224336879 | [Redacted] | [Redacted] | 34872401 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-04): client elected to waive |
11/04/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Non QM | Non QM | No | ||||||||||||
| 224336879 | [Redacted] | [Redacted] | 34872479 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | [redacted]valuation is not required as AVM Value is supported. | Reviewer Comment (2025-11-04): client elected to waive |
11/04/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Non QM | Non QM | No | ||||||||||||
| 224336879 | [Redacted] | [Redacted] | 34872480 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | [redacted]valuation is not required as AVM Value is supported. | Reviewer Comment (2025-11-04): AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted][redacted][redacted].[redacted]expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
11/04/2025 | No | 2 | A | A | A | A | A | A | B | B | NY | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Non QM | Non QM | No | ||||||||||||
| 224336884 | [Redacted] | [Redacted] | 34871662 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-04): Client elected to waive |
11/04/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224340323 | [Redacted] | [Redacted] | 34885848 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-05): Client elects to waive. |
11/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224340734 | [Redacted] | [Redacted] | 34956871 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Reviewer Comment (2025-11-25): Final 1003 received. Buyer Comment (2025-11-21): discrepancy due to differing monthly payments for [redacted] card. Statements found ready to ship that justify [redacted]monthly payment, [redacted]DTI is accurate Buyer Comment (2025-11-21): final URLA |
11/25/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224340734 | [Redacted] | [Redacted] | 34957017 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-13): Client elects to waive. |
11/13/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224340734 | [Redacted] | [Redacted] | 34957088 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right to Cancel Missing | Truth in Lending Act: Notice of Right to Cancel was not provided. | Notice of Right to Cancel document is missing in file. | Reviewer Comment (2025-11-25): RTC received. Buyer Comment (2025-11-21): RTC |
11/25/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224340734 | [Redacted] | [Redacted] | 34957119 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender exception provided for CLTV of up to [redacted] with FICO of [redacted]. ***Unable to waive. Lender exception approval requires max [redacted] DTI however calculated DTI is [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. |
Documentation Type: [redacted] Disposable Income: $[redacted] |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-18): Lender Exception with Compensating Factors provided. Buyer Comment (2025-12-16): This account was paid off at closing, DTI not affected. Please clear finding Reviewer Comment (2025-12-01): Please provide statement or credit supplement for [redacted] to verify payment. Buyer Comment (2025-11-26): [redacted] account is revolving debt per Credit report & Statement provided. Reviewer Comment (2025-11-25): The [redacted] account is an installment loan. The [redacted]Card is showing the same payment that is on the statement provided. Buyer Comment (2025-11-21): discrepancy due to differing monthly payments for [redacted] card. Statements found ready to ship that justify [redacted] monthly payment, [redacted]DTI is accurate |
12/18/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| 224340734 | [Redacted] | [Redacted] | 34980479 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Lender exception approval requires max [redacted] DTI however calculated DTI is [redacted]%. | Reviewer Comment (2025-11-25): Payments updated as per credit card statement, exception cleared. Buyer Comment (2025-11-21): Please see [redacted]& [redacted]statements |
11/25/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224340734 | [Redacted] | [Redacted] | 34980482 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Lender exception approval requires max [redacted] DTI however calculated DTI is [redacted]%. | Reviewer Comment (2025-11-25): Payments updated as per credit card statement, exception cleared. Buyer Comment (2025-11-21): Please see [redacted]& [redacted]statements |
11/25/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | TN | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224340734 | [Redacted] | [Redacted] | 34980483 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | Lender exception approval requires max [redacted]% DTI however calculated DTI is [redacted]%. | Reviewer Comment (2025-11-25): Payments updated as per credit card statement, exception cleared. Buyer Comment (2025-11-21): Please see [redacted]& [redacted]statements |
11/25/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224340734 | [Redacted] | [Redacted] | 34980484 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Lender exception approval requires max [redacted] DTI however calculated DTI is [redacted]. | Reviewer Comment (2025-11-25): Payments updated as per credit card statement, exception cleared. Buyer Comment (2025-11-21): Please see [redacted]& [redacted]statements |
11/25/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224340734 | [Redacted] | [Redacted] | 35068932 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to [redacted] business days from transaction date of [redacted]. | As per Final Closing Disclosure, Disbursement date is [redacted] which is before the RTC expiration date of [redacted]. | Reviewer Comment (2026-01-23): [redacted]received Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form. Buyer Comment (2026-01-21): Please advise on status, recission expired [redacted] Reviewer Comment (2026-01-13): Today's date [redacted] once the recession will expire on [redacted] this will be cleared. Exception Remains. Buyer Comment (2026-01-09): [redacted] respectfully disagrees with finding. Recission has already been opened, documents updated and mailed to client. Please clear finding once recission expires on [redacted] Reviewer Comment (2026-01-09): The RTC was signed on [redacted], which is considered the transaction date & as per the Final Closing Disclosure, the disbursement date is[redacted]. Exception remains. Buyer Comment (2026-01-08): Resolution documentation re: Notice of Right to Cancel |
01/23/2026 | No | 2 | B | B | B | B | B | TN | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||||
| 224340734 | [Redacted] | [Redacted] | 35068933 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | As per Signature date of [redacted], RTC expiration should be [redacted], but right to cancel disclosure is showing RTC expiration date as [redacted] | Reviewer Comment (2026-01-09): Corrected RTC form received & associated. Exception cleared. |
01/09/2026 | No | 1 | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||||
| 224340734 | [Redacted] | [Redacted] | 35388661 | Compliance | Compliance | Federal Compliance | TILA | TILA Notice of Right to Cancel Expiration Date greater than Deal Start Date. | Rescission expiration date provided by lender on Notice of Right to Cancel has not expired as of time of review. | Rescission expiration date provided by lender on Notice of Right to Cancel has not expired as of time of review. | Reviewer Comment (2026-01-23): Recission expired. Buyer Comment (2026-01-21): Please advise on status, recission expired [redacted] Reviewer Comment (2026-01-13): Today's date [redacted]once the recession will expire on [redacted]this will be cleared. Exception Remains. Buyer Comment (2026-01-09): [redacted] respectfully disagrees with finding. Recission has already been opened, documents updated and mailed to client. Please clear finding once recission expires on [redacted] |
01/23/2026 | No | 1 | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224343326 | [Redacted] | [Redacted] | 34895192 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "[redacted]" | Reviewer Comment (2025-11-05): Client elects to waive. |
11/05/2025 | No | 2 | A | A | A | A | A | A | B | B | KY | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224343326 | [Redacted] | [Redacted] | 34895195 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2025-11-25): Document Provided Buyer Comment (2025-11-21): CDA |
11/25/2025 | No | 1 | D | A | A | A | D | A | A | D | A | KY | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224343326 | [Redacted] | [Redacted] | 34895197 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-05): Client elects to waive. |
11/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | KY | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224343326 | [Redacted] | [Redacted] | 34895249 | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Flood Insurance Policy not provided | Reviewer Comment (2025-11-20): Provided flood insurance policy. Exception cleared. Buyer Comment (2025-11-19): Flood insurance |
11/20/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | KY | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224348967 | [Redacted] | [Redacted] | 34895822 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-05): Client elects to waive. |
11/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224349079 | [Redacted] | [Redacted] | 34908797 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-05): Client elects to waive. |
11/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224349079 | [Redacted] | [Redacted] | 34908831 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted]: Fannie Mae forms not used for closing of home equity loan. | Reviewer Comment (2025-11-26): Client elects to Waive. Buyer Comment (2025-11-24): please confirm waiving this condition will not impact grading. Reviewer Comment (2025-11-17): Informational. Can be waived. Buyer Comment (2025-11-14): Please confirm if this is informational. |
11/26/2025 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224349080 | [Redacted] | [Redacted] | 34908738 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-05): Client elects to waive. |
11/05/2025 | No | 2 | A | A | A | A | A | A | B | B | UT | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224349080 | [Redacted] | [Redacted] | 34908739 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-05): Client elects to waive. |
11/05/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | UT | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224349080 | [Redacted] | [Redacted] | 34908740 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-05): Client elects to waive. |
11/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224349080 | [Redacted] | [Redacted] | 34908742 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title policy amount of [redacted] in Commitment title policy is less the note amount of [redacted]. | Reviewer Comment (2025-11-17): Cleared. Received updated title. Buyer Comment (2025-11-13): revised commitment with updated insured amount |
11/17/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | UT | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224349080 | [Redacted] | [Redacted] | 34912172 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Data discrepancy with DTI. Lender DTI [redacted], Review DTI [redacted]. The reason for the discrepancy is due to Lender used a higher P&I for primary mortgage. | Reviewer Comment (2025-11-17): Cleared. Received revised 1008 reflecting [redacted]DTI Buyer Comment (2025-11-13): revised 1008. |
11/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | D | D | C | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224364889 | [Redacted] | [Redacted] | 34928731 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-07): Client elects to waive. |
11/07/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Home Improvement | D | D | C | B | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224364889 | [Redacted] | [Redacted] | 34928733 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-07): Client elects to waive. |
11/07/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | CA | Primary | Refinance - Cash-out - Home Improvement | D | D | C | B | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224364889 | [Redacted] | [Redacted] | 34928735 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B | Reviewer Comment (2025-11-07): Client elects to waive. |
11/07/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Home Improvement | D | D | C | B | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224364889 | [Redacted] | [Redacted] | 34928779 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Delinquent Housing Payment - Borrower has mortgage lates in the last [redacted] years (but not last [redacted] months). Unable to downgrade/waive due to missing sufficient lender comp factors. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. |
Borrower has been employed in the same industry for more than [redacted] years. | Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-11-13): Client elects to waive with compensating factors. Buyer Comment (2025-11-11): credit exception |
11/13/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Home Improvement | D | D | C | B | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224364957 | [Redacted] | [Redacted] | 34973672 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-13): Client elects to waive. |
11/13/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NM | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Non QM | Non QM | No | ||||||||||||
| 224364957 | [Redacted] | [Redacted] | 34973673 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-13): Client elects to waive. |
11/13/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | NM | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Non QM | Non QM | No | |||||||||||||
| 224364957 | [Redacted] | [Redacted] | 34973675 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "[redacted]". | Reviewer Comment (2025-11-13): Client elects to waive. |
11/13/2025 | No | 2 | A | A | A | A | A | A | B | B | NM | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Non QM | Non QM | No | ||||||||||||
| 224365648 | [Redacted] | [Redacted] | 34929891 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-07): Client elects to waive. |
11/07/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224365648 | [Redacted] | [Redacted] | 34929892 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): Cleared. Received AVM |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224365648 | [Redacted] | [Redacted] | 37036684 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | FL | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 224366501 | [Redacted] | [Redacted] | 34929820 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): Cleared. Received AVM |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | SC | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224366501 | [Redacted] | [Redacted] | 34929821 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-07): Client elects to waive. |
11/07/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224367077 | [Redacted] | [Redacted] | 34930262 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-07): Client elects to waive. |
11/07/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224367077 | [Redacted] | [Redacted] | 34930265 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-07): Client elects to waive. |
11/07/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | OH | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 224367077 | [Redacted] | [Redacted] | 34930267 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "[redacted]". | Reviewer Comment (2025-11-07): Client elects to waive. |
11/07/2025 | No | 2 | A | A | A | A | A | A | B | B | OH | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224367077 | [Redacted] | [Redacted] | 34937685 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing a signed/dated close out letter for the Heloc paid at closing. | Reviewer Comment (2025-11-28): Received signed and dated close out letter for [redacted] account. Exception cleared. Buyer Comment (2025-11-25): HELOC close |
11/28/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224371186 | [Redacted] | [Redacted] | 34932731 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Reviewer Comment (2025-11-25): Document provided Buyer Comment (2025-11-21): CDA rpt |
11/25/2025 | No | 1 | N/A | A | A | A | N/A | A | D | A | D | A | PA | Primary | Refinance - Cash-out - Home Improvement | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224371186 | [Redacted] | [Redacted] | 34932734 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-10): Client elects to waive. |
11/10/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Home Improvement | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224371186 | [Redacted] | [Redacted] | 34932735 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "[redacted]" | Reviewer Comment (2025-11-10): Client elects to waive. |
11/10/2025 | No | 2 | A | A | A | A | A | A | B | B | PA | Primary | Refinance - Cash-out - Home Improvement | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224371186 | [Redacted] | [Redacted] | 34932754 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted] is over disclosed by [redacted] compared to the calculated Amount Financed of [redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]. | The disclosed Amount Financed in the amount of [redacted] is over disclosed by [redacted] compared to the calculated Amount Financed of [redacted]. Title - Tax certification fee was not included in Itemization of amount financed. | Reviewer Comment (2025-11-21): Received confirmation of one-time fee. Buyer Comment (2025-11-21): please review previous email from title acknowledging the $[redacted]Tax Cert fee as a one time fee and that it was needed to obtain proof the county/city/school taxes were paid. . uploaded as OTHER [redacted]. thanks! Reviewer Comment (2025-11-14): While we acknowledge that a [redacted]-time up front tax determination used in the decisions to extend credit would be excluded from finance charge under [redacted] any portion of a charge for life of loan tax service is considered a finance charge. Without documentation evidencing which portion is for life of loan vs. one time upfront, the entire amount is included in finance charges for testing purposes pursuant to Comment [redacted] which provides: For example, a fee for one or more determinations during the loan term of the current tax-lien status or [redacted]-insurance requirements is a finance charge, regardless of whether the fee is imposed at closing, or when the service is performed. If a creditor is uncertain about what portion of a fee to be paid at consummation or loan closing is related to the initial decision to grant credit, the entire fee may be treated as a finance charge. Buyer Comment (2025-11-13): invest memo, please remove $[redacted]tax cert fee from APR calculations |
11/21/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Home Improvement | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224371186 | [Redacted] | [Redacted] | 34932755 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of [redacted] is under disclosed by [redacted] compared to the calculated Finance Charge of [redacted] which exceeds the [redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Final closing disclosure disclosed a finance charge of [redacted] compared to the calculated finance charge of [redacted], there is a variance of [redacted]. Title - Tax certification fee was not included in Itemization of amount financed. | Reviewer Comment (2025-11-21): Received confirmation of one-time fee. Buyer Comment (2025-11-21): please review previous email from title acknowledging the $[redacted]Tax Cert fee as a one time fee and that it was needed to obtain proof the county/city/school taxes were paid. . uploaded as OTHER [redacted] thanks! |
11/21/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Home Improvement | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224371186 | [Redacted] | [Redacted] | 34932813 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to allow a Standalone/"Cash-out" [redacted] secured by a property where the applicant has been on title < [redacted]months preceding the application date subject to: Collateral Value used for LTV calculation & Pricing purposes must be the lesser of recent purchase price or appraised value, whichever is less. [redacted]% Max LTV (using lesser of recent purchase price or appraised value). All other [redacted] guidelines must be met. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Documentation Type: [redacted] Disposable Income: $[redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-11-10): Client elects to waive with compensating factors. |
11/10/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | PA | Primary | Refinance - Cash-out - Home Improvement | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224371186 | [Redacted] | [Redacted] | 34945289 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used. | Loan transaction did not pay off a lender to lender mortgage. The [redacted] RTC form was used, however the [redacted] RTC form should have been used. Please provide the corrected RTC with a new rescission period (does not need to be signed), letter to borrower explaining the issue and the mailing label. Borrower must receive the Corrected package at least [redacted] business days prior to the new expiration date on the corrected RTC. | Reviewer Comment (2025-12-04): Received updated RTC, letter to borrower and evidence of borrowers receipt. Ciondition cleared. Buyer Comment (2025-12-02): revised RTC with new rescission date of and proof viewed by borrower. Reviewer Comment (2025-11-17): DD is unable to clear this exception. The only time the [redacted] RTC form should be used is when the originating lender is paying off an existing mortgage originated with the same lender. Condition remains. Buyer Comment (2025-11-13): lender to lender refi, correct form H9 used. thanks! |
12/04/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Home Improvement | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224371290 | [Redacted] | [Redacted] | 34934311 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-10): Lender elected to waive |
11/10/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224371290 | [Redacted] | [Redacted] | 34935679 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for delinquent housing history [redacted] mortgage history. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-11-18): Client elects to waive with compensating factors. Buyer Comment (2025-11-15): PC Cert |
11/18/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224371290 | [Redacted] | [Redacted] | 34935708 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Data discrepancy with DTI. Lender DTI [redacted], Review DTI [redacted]. The reason for the discrepancy is due to Lender used a lower P&I for primary mortgage. | Reviewer Comment (2025-12-11): Lenders DTI matches with the calculated DTI exception cleared. Buyer Comment (2025-12-09): PC Cert Reviewer Comment (2025-12-08): Received lenders updated 1008, showing DTI within tolerance. However the issue here is the bid tape is showing [redacted]%. this is the reason for the discrepancy. Buyer Comment (2025-12-04): corrected 1003 & 1008 |
12/11/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224371290 | [Redacted] | [Redacted] | 35004813 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Failure is due to the DTI exceeds the tape data provided. | Reviewer Comment (2025-12-11): Lenders DTI matches with the calculated DTI exception cleared. Buyer Comment (2025-12-09): PC Cert submitted Reviewer Comment (2025-12-08): Received lenders updated 1008, showing DTI within tolerance. However the issue here is the bid tape is showing [redacted]%. this is the reason for the discrepancy. Buyer Comment (2025-12-04): provided corrected 1003 & 1008 |
12/11/2025 | No | 1 | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||||
| 224371290 | [Redacted] | [Redacted] | 35004814 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Failure is due to the DTI exceeds the tape data provided. | Reviewer Comment (2025-12-11): Lenders DTI matches with the calculated DTI exception cleared. Buyer Comment (2025-12-09): PC Cert submitted Reviewer Comment (2025-12-08): Received lenders updated 1008, showing DTI within tolerance. However the issue here is the bid tape is showing [redacted]%. this is the reason for the discrepancy. Buyer Comment (2025-12-04): provided corrected 1003 & 1008 |
12/11/2025 | No | 1 | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224386694 | [Redacted] | [Redacted] | 34940031 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for property has been recently listed and was removed from the market on [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-11-10): Client elected to waive with compensating factors. |
11/10/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Refinance - Cash-out - Other | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224386694 | [Redacted] | [Redacted] | 34940051 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for Borrower was self-employed since [redacted] as an engineer and started new W-2 wage earner position on [redacted] in same line/position as an engineer hourly employee with variable hourly wages. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-11-10): Client elected to waive with compensating factors. |
11/10/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Refinance - Cash-out - Other | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224386694 | [Redacted] | [Redacted] | 34940063 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-10): lender elected to waive |
11/10/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224386694 | [Redacted] | [Redacted] | 34940064 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-10): lender elected to waive |
11/10/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | AZ | Primary | Refinance - Cash-out - Other | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 224386694 | [Redacted] | [Redacted] | 34940066 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-10): AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
11/10/2025 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Refinance - Cash-out - Other | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224386694 | [Redacted] | [Redacted] | 34940097 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - S-Corp | General QM: Unable to verify current S-Corp status using reasonably reliable third-party records. | Waterfall due to missing third party verification or audited P&L statement. | Reviewer Comment (2025-11-25): Received lender UW worksheet and additional statement for asset depletion income. [redacted]not used to qualify as it was previous SE income. |
11/25/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224386694 | [Redacted] | [Redacted] | 34940099 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan designation discrepancy due to missing third party verification or audited P&L statement causing loan to waterfall. | Reviewer Comment (2025-11-25): Received lender UW worksheet and additional statement for asset depletion income. [redacted]not used to qualify as it was previous SE income. |
11/25/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | B | B | B | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224387128 | [Redacted] | [Redacted] | 34940073 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Missing Final Title. | Reviewer Comment (2025-11-20): Final title policy received and associated, exception cleared |
11/20/2025 | No | 1 | A | A | A | A | A | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224387128 | [Redacted] | [Redacted] | 34940076 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-11): Client elects to waive. |
11/11/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224387128 | [Redacted] | [Redacted] | 34940078 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy Amount of [redacted] is less than the note amount of [redacted] based on the Commitment in file. | Reviewer Comment (2025-11-20): Title policy received with coverage amount, exception cleared Buyer Comment (2025-11-19): title commitment and policy |
11/20/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224387128 | [Redacted] | [Redacted] | 34940091 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification, Statement, Tax Verification. | Reviewer Comment (2025-11-20): Received first payment letter and associated, exception cleared Buyer Comment (2025-11-19): 1003 & [redacted] |
11/20/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224387128 | [Redacted] | [Redacted] | 34940092 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification, Tax Verification and current statement for the 1st mortgage. | Reviewer Comment (2025-11-20): Received Closing Disclosure and associated, Exception Cleared Buyer Comment (2025-11-19): reo docs |
11/20/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224387128 | [Redacted] | [Redacted] | 34955393 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Discrepancy is due to the mortgages being excluded are in the borrower's name. File would require clear evidence the excluded mortgage payments are being paid by the business for at least [redacted] months. | Reviewer Comment (2026-01-08): Received updated figures. Condition cleared. Reviewer Comment (2026-01-06): The 1008 provided reflects the DTI as [redacted]% however the calculated DTI is [redacted]%. Buyer Comment (2026-01-02): 1003 & 1008 Buyer Comment (2026-01-02): PC Cert and income calculation worksheet Reviewer Comment (2025-12-11): Received CD for refinance on [redacted]which was in the file. DTI remains excessive and does not meet lender guides. Reviewer Comment (2025-12-11): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of [redacted]% exceeds Guideline total debt ratio of [redacted]%. Buyer Comment (2025-12-09): The payment for [redacted]is not being excluded, the [redacted] is being omitted because it was refinanced and we counted the new mortgage with [redacted] for the same property. Please review my PC Cert again where I explain this in detail and provide snippets to prove my statement. Reviewer Comment (2025-12-09): If mortgage payments were made by business require [redacted]month pay history to exclude expenses from DTI. Exception remains. Buyer Comment (2025-12-05): PC Cert, final CD, and payoff statement Reviewer Comment (2025-12-04): Received Proof [redacted]properties beginning paid by business, however DTI is still High at [redacted]%. Exception remains. Reviewer Comment (2025-12-04): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of [redacted]% exceeds Guideline total debt ratio of [redacted]%. Buyer Comment (2025-12-02): [redacted] - SPS payments Buyer Comment (2025-12-02): VOM [redacted] Buyer Comment (2025-12-02): docs for [redacted] |
01/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224387128 | [Redacted] | [Redacted] | 35480395 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy - DTI | Reviewer Comment (2026-02-04): Cleaered. Received updated 1008. Buyer Comment (2026-02-02): 1003 & 1008 Reviewer Comment (2026-01-30): DD was asked to add this exception due to an updated discrepancy in the DTI. DD DTI is [redacted]% however the updated 1008 reflects a DTI of [redacted]%. Buyer Comment (2026-01-28): the dti discrepancy has already been addressed and resolved. Please, clear this condition. |
02/04/2026 | No | 1 | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 224387897 | [Redacted] | [Redacted] | 34937510 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | As per declaration page Borrower has updated as yes for occupying the Investment property. | Reviewer Comment (2025-11-24): Received 1003 with Corrected Declarations/Will borrower occupy. Exception cleared. Buyer Comment (2025-11-20): 1003 Reviewer Comment (2025-11-20): Required Updated Final 1003 with corrected occupancy declaration. Exception remains. Buyer Comment (2025-11-19): Please see occupancy cert doc [redacted]that states property is to be non owner occupied, and 1003 doc [redacted]pg [redacted]that states property is to be retained as primary residence |
11/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||
| 224387897 | [Redacted] | [Redacted] | 34940303 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-11): Client elects to waive. |
11/11/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||||
| 224387897 | [Redacted] | [Redacted] | 34940307 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-11): Client elects to waive. |
11/11/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | MA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||||||
| 224387897 | [Redacted] | [Redacted] | 34940309 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "[redacted]". | Reviewer Comment (2025-11-11): Client elects to waive. |
11/11/2025 | No | 2 | A | A | A | A | A | A | B | B | MA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||||
| 224387897 | [Redacted] | [Redacted] | 34940311 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage statement missing in file for REO property. | Reviewer Comment (2025-11-20): Closing Disclosure received and verified. Exception cleared Buyer Comment (2025-11-19): please see attached CD from sale of home at [redacted] to reference pmt/tax/hoi amounts. thanks! |
11/20/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||
| 224387897 | [Redacted] | [Redacted] | 34940326 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for request to permit a [redacted] CLTV - Investment property, [redacted] credit score. | Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. |
Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-11-11): Client elects to waive with compensating factors. |
11/11/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | MA | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | N/A | Exempt from ATR | No | ||||||||
| 224389006 | [Redacted] | [Redacted] | 34941875 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-12): Client elects to waive. |
11/12/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224389006 | [Redacted] | [Redacted] | 34941883 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-12): Client elects to waive. |
11/12/2025 | No | 2 | A | A | A | A | A | A | B | B | NC | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Non QM | Non QM | No | |||||||||||||
| 224389006 | [Redacted] | [Redacted] | 34942056 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Reviewer Comment (2025-12-18): Remaining balance of first lien updated. Exception cleared. Buyer Comment (2025-12-16): Please provide detailed explanation of how you are calculating the CLTV. Thank you. Reviewer Comment (2025-12-01): Calculated combined loan to value percentage of [redacted]% exceeds Guideline combined loan to value percentage of [redacted]%. Exception remains. P&I $[redacted],$[redacted], Haz ins $[redacted], Taxes $[redacted]HOA $[redacted] Buyer Comment (2025-11-26): Please see mortgage statement in file ([redacted]) which shows [redacted]mortgage principal balance of $[redacted]. This combined with the subject loan amount of $[redacted] = $[redacted]. Appraised value = $[redacted]. CLTV = [redacted]%. The 1008 ([redacted]) confirms these figures. Please cancel/waive this condition. |
12/18/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224389006 | [Redacted] | [Redacted] | 34942578 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used. | The [redacted] form was used, the [redacted] form should have been used. | Reviewer Comment (2026-01-15): Corrected RTC form received. Exception cleared. Buyer Comment (2026-01-13): Please see attached H-8 Right to Cancel form, LOX, and [redacted] |
01/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | A | C | A | B | B | Non QM | Non QM | Yes | |||||||||
| 224389008 | [Redacted] | [Redacted] | 34947613 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-11): Client elects to waive. |
11/11/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Non QM | Non QM | No | ||||||||||||
| 224389008 | [Redacted] | [Redacted] | 34947617 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] 8 | Reviewer Comment (2026-07-21): Cleared. received avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Non QM | Non QM | No | |||||||||||||
| 224395744 | [Redacted] | [Redacted] | 34949386 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-12): Client elects to waive. |
11/12/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224395747 | [Redacted] | [Redacted] | 34949745 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-12): Client elects to waive. |
11/12/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Non QM | No | ||||||||||||
| 224395747 | [Redacted] | [Redacted] | 34949905 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Reviewer Comment (2025-12-18): Land only, tax verified. Exception cleared. Buyer Comment (2025-12-16): land only. please see tax cert doc [redacted]pg [redacted] |
12/18/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Non QM | No | |||||||||||
| 224395747 | [Redacted] | [Redacted] | 34949906 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Reviewer Comment (2025-11-20): Received Mortgage Statement of REO property [redacted] information validated. Exception Cleared. Buyer Comment (2025-11-19): [redacted]tax cert Buyer Comment (2025-11-19): [redacted] mtg stmt |
11/20/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Non QM | No | |||||||||||
| 224395747 | [Redacted] | [Redacted] | 34963050 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Personal not provided | Per lender guides, the following is required for 1099 income: Documentation of receipt of year-to-date income within [redacted] calendar days of the note date is required via one of the following: A check stub or checks showing receipt of YTD income, or bank statements showing receipt of YTD income. | Reviewer Comment (2025-12-16): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-12-15): [redacted]is issued to an entity and CPA letter provided. |
12/16/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Non QM | No | |||||||||||
| 224395747 | [Redacted] | [Redacted] | 34963064 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Per lender guides, the following is required for 1099 income: Transcripts of the 1099s/W-2's provided by the IRS. | Reviewer Comment (2025-12-16): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-12-15): [redacted]is issued to an entity and CPA letter provided. |
12/16/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Non QM | No | ||||||||||
| 224395747 | [Redacted] | [Redacted] | 34963080 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Failure due to missing income documentation. | Reviewer Comment (2025-12-16): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2025-12-15): [redacted]is issued to an entity and CPA letter provided. |
12/16/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Non QM | No | ||||||||||
| 224395747 | [Redacted] | [Redacted] | 34963120 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Discrepancy in Debt ratio. Lender DTI [redacted] . DD calculated DTI [redacted]. Discrepancy is due to the lender is using a lower rent loss on the subject and lower other debt. | Reviewer Comment (2025-12-18): Updated 1003 & 1008 received, exception cleared Buyer Comment (2025-12-16): rev 1008 & 1003 for updated debt and dti amounts |
12/18/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Non QM | No | |||||||||||
| 224395749 | [Redacted] | [Redacted] | 34950057 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-12): Client elects to waive. |
11/12/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224395749 | [Redacted] | [Redacted] | 34950058 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-12): Client elects to waive. |
11/12/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | D | FL | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224395749 | [Redacted] | [Redacted] | 34950059 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-11-12): Client elects to waive. |
11/12/2025 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | D | D | A | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224395750 | [Redacted] | [Redacted] | 34951744 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | HOA verification not provided for [redacted]. | Reviewer Comment (2025-11-24): Received HOA document of REO property [redacted]information validated. Exception Cleared. Buyer Comment (2025-11-20): HOA dues |
11/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224395750 | [Redacted] | [Redacted] | 34951779 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-12): Client elects to waive. |
11/12/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224395750 | [Redacted] | [Redacted] | 34957340 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Divorce Decree / Child Support not provided | Reviewer Comment (2025-11-24): Received Child Support statement along with letter of explanation from borrower regarding child support obligation which confirm he is paying $[redacted]weekly amount, information verified. Exception Cleared. Buyer Comment (2025-11-20): child support |
11/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224395750 | [Redacted] | [Redacted] | 34957392 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Asset Depletion Income | Ability to Repay (Dodd-Frank 2014): Unable to verity asset depletion income due to, bank statement provided was dated more than [redacted] days prior to closing. | Asset accounts used for asset depletion is more than [redacted] days from Note date. | Reviewer Comment (2025-11-26): Updated bank statement received. Buyer Comment (2025-11-24): updated [redacted] statements Buyer Comment (2025-11-24): updated [redacted]statements |
11/26/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224395750 | [Redacted] | [Redacted] | 34957393 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | ATR failure due to asset documentation: Asset accounts used for asset depletion is more than [redacted] days from Note date. | Reviewer Comment (2025-11-26): Updated bank statement received. |
11/26/2025 | No | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224401930 | [Redacted] | [Redacted] | 34961044 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Lease Agreement is missing for [redacted]. | Reviewer Comment (2025-11-21): Received 1025 operating agreement, information validated. Exception Cleared. Buyer Comment (2025-11-19): No Lease Agreement, [redacted] |
11/21/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224401930 | [Redacted] | [Redacted] | 34961046 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | [redacted] due to missing income documentation: lease Agreement for [redacted], Reno not provided in file. | Reviewer Comment (2025-11-21): Received 1025 operating agreement, information validated. Exception Cleared. Buyer Comment (2025-11-19): Uploaded please find [redacted], no lease agreement |
11/21/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | NV | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | B | C | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224401930 | [Redacted] | [Redacted] | 34961047 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - REO [redacted] Method | General QM: Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. | [redacted] due to missing income documentation: lease Agreement for [redacted] not provided in file. | Reviewer Comment (2025-11-21): Received 1025 operating agreement, information validated. Exception Cleared. Buyer Comment (2025-11-19): Uploaded please find [redacted], no lease agreement |
11/21/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224401930 | [Redacted] | [Redacted] | 34961049 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-11-12): Client elects to waive with compensating factors. |
11/12/2025 | No | 2 | A | A | A | A | A | A | B | B | NV | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224401930 | [Redacted] | [Redacted] | 34961050 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-12): Client elects to waive. |
11/12/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | NV | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 224401930 | [Redacted] | [Redacted] | 34961052 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-19): Client elects to waive. Buyer Comment (2025-11-19): Client elects to waive, thanks! Reviewer Comment (2025-11-12): Client elects to waive. |
11/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224404283 | [Redacted] | [Redacted] | 34970400 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-13): Client elects to waive. |
11/13/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224404283 | [Redacted] | [Redacted] | 34978314 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception Requested and Approved for Unacceptable Property Type. Condition for [redacted]% Max LTV, [redacted]% Max CLTV. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. |
SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-11-13): Client elects to downgrade and waive. |
11/13/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224404323 | [Redacted] | [Redacted] | 34970342 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-13): Client elects to waive. |
11/13/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224404323 | [Redacted] | [Redacted] | 34978564 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception and Approved for missing W2 Transcripts for Borrower [redacted] due to IRS Identity Theft. Condition for [redacted]% Max CLTV, Max [redacted]% LTV, and Max [redacted]% DTI. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-11-13): Client elects to waive with compensating factors. |
11/13/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224404323 | [Redacted] | [Redacted] | 34978568 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception and Approved for Covid Modification on first lien mortgage. Condition for [redacted]% Max CLTV, Max [redacted]% LTV, and Max [redacted]% DTI. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-11-13): Client elects to waive with compensating factors. |
11/13/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224410654 | [Redacted] | [Redacted] | 34970998 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-13): Client elects to waive. |
11/13/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224410654 | [Redacted] | [Redacted] | 34971000 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): Received avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224413584 | [Redacted] | [Redacted] | 34985366 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2025-12-03): Document received Buyer Comment (2025-12-01): CDA |
12/03/2025 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||||||||
| 224413584 | [Redacted] | [Redacted] | 34985428 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2025-11-25): Received business purpose certificate. Exception cleared. Buyer Comment (2025-11-24): Business Purpose |
11/25/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | |||||||||||||||
| 224413584 | [Redacted] | [Redacted] | 34985436 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | Reviewer Comment (2025-11-25): Received business purpose certificate. Exception cleared. Buyer Comment (2025-11-24): Please see [redacted] |
11/25/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | |||||||||||||||
| 224413584 | [Redacted] | [Redacted] | 35021255 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | (Doc Error) Security Instrument Error: Notary Date was not provided | The Notary date on the security instrument is for the primary borrower. The additional owner signed the document on [redacted]. The additional notary date for [redacted] is missing. | Reviewer Comment (2025-11-25): Received security instrument with notary date for [redacted]. Exception cleared. Buyer Comment (2025-11-24): Certified copy of MTG |
11/25/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||||||
| 224413584 | [Redacted] | [Redacted] | 35021343 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | File is missing the final 1003 | Reviewer Comment (2025-11-25): Received final signed 1003. Exception cleared. Buyer Comment (2025-11-24): 1003 |
11/25/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||||||
| 224413584 | [Redacted] | [Redacted] | 35021384 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender exception approved for lower fico than required. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. |
Reserves: [redacted] Guideline Requirement: [redacted] Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2025-11-19): Client elects to waive with compensating factors. |
11/19/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | D | B | C | B | D | A | N/A | No | ||||||||||
| 224413929 | [Redacted] | [Redacted] | 34978581 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-12-12): Final title policy received. |
12/12/2025 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224413929 | [Redacted] | [Redacted] | 34978584 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Coverage amount not provided on preliminary title. | Reviewer Comment (2025-12-12): Final title policy received. Buyer Comment (2025-12-11): Please see attached Title Policy showing coverage amount |
12/12/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224413929 | [Redacted] | [Redacted] | 34978585 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-14): Client elects to waive. |
11/14/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224413929 | [Redacted] | [Redacted] | 34978587 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-12-30): CDA received. Buyer Comment (2025-12-26): Please see attached supported CDA |
12/30/2025 | No | 1 | N/A | A | A | A | N/A | A | D | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224413929 | [Redacted] | [Redacted] | 34978589 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-11-14): Client elects to waive. |
11/14/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224413929 | [Redacted] | [Redacted] | 34978594 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance, statement and tax verification not provided for property located at [redacted]. | Reviewer Comment (2026-01-20): Received Insurance, tax verification and HOI document for property located at "[redacted]. information validated. Exception Cleared. Buyer Comment (2026-01-15): first payment, HOI, HOA, and tax cert. Taxes calc at $[redacted]x [redacted]% and supported a monthly $[redacted] Reviewer Comment (2026-01-08): Per the final application and 1008, the PITIA on this property was included in the DTI, therefore DD would need to include the debt. Please provide the additional documentation for this property. Reviewer Comment (2026-01-08): EXCEPTION HISTORY - Exception Explanation was updated on [redacted]PRIOR Exception Explanation: Insurance Verification, Statement, Tax Verification Buyer Comment (2026-01-06): The Note date on the[redacted] is [redacted]which is [redacted]days after the subject loan Note date. The REO expenses for[redacted] should not included in the DTI as a result. Please seek management input and clear this condition. Thank you. Reviewer Comment (2025-12-30): DTI issue is resolved after taking the payments as per the final CD of this property. It will be considered in DTI calculation since disbursement date is same for both properties - [redacted]. Please provide Insurance, tax and HOA verification for this REO since the taxes and insurance are not escrowed as per the final CD. Buyer Comment (2025-12-26): Please see the attached Final Consummation CD and Note which show that the property located at [redacted] was purchased after the subject property. Due to this fact, it should not be included in the DTI calculation. Please clear this condition. |
01/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224413929 | [Redacted] | [Redacted] | 34978595 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign disclosure not provided. | Reviewer Comment (2025-12-15): Econsent provided. Reviewer Comment (2025-12-12): Provided E-sign consent is prior to the application date. Exception Remains. Buyer Comment (2025-12-10): Please see attached E-Consent form |
12/15/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224413929 | [Redacted] | [Redacted] | 34978631 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | DTI variance. Lenders DTI: [redacted]%. Review DTI. [redacted]%, Variance due to higher liabilities than lender considered. | Reviewer Comment (2025-12-30): DTI issue is resolved after taking the payments as per the final CD of REO. Buyer Comment (2025-12-26): Please see the attached Final Consummation CD and Note which show that the property located at[redacted]was purchased after the subject property. Due to this fact, it should not be included in the DTI calculation. Please clear this condition. |
12/30/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224413935 | [Redacted] | [Redacted] | 34977385 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-11-13): Client elects to waive. |
11/13/2025 | No | 2 | A | A | A | A | A | A | B | B | OH | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | ||||||||||||
| 224413935 | [Redacted] | [Redacted] | 34977386 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-11-14): Client elects to waive. |
11/14/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | D | OH | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | |||||||||||||
| 224413935 | [Redacted] | [Redacted] | 34977390 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope as second lien | Reviewer Comment (2025-11-13): Client elects to waive. |
11/13/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | |||||||||||
| 224413935 | [Redacted] | [Redacted] | 34977405 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | The property is located in Fema disaster area. Provide a post-disaster inspection verifying there is no damage. The inspection must include exterior photos and the property must be re-inspected on or after [redacted] declared end date. | Reviewer Comment (2025-11-21): Post-disaster property inspection report received and associated, Exception Cleared Buyer Comment (2025-11-19): PCI |
11/21/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | |||||||||||
| 224413935 | [Redacted] | [Redacted] | 34977613 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used. | The [redacted] form was used however the [redacted] should have been used for second lien origination. | Reviewer Comment (2025-12-08): Corrected RTC form received. Buyer Comment (2025-12-04): Please go ahead and clear Reviewer Comment (2025-12-03): Corrected RTC form received with expiry of [redacted] midnight. This will be cleared post expiry. Buyer Comment (2025-12-01): RTC docs Reviewer Comment (2025-11-21): Loan transaction did not pay off a lender to lender mortgage. The H9 RTC form was used, however the H8 RTC form should have been used. Please provide the corrected RTC with a new rescission period (does not need to be signed), letter to borrower explaining the issue and the mailing label. Borrower must receive the Corrected package at least [redacted]business days prior to the new expiration date on the corrected RTC. Buyer Comment (2025-11-19): per title we were the orig lender please cancel this cond |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | B | C | A | C | A | D | B | Non QM | Non QM | Yes | |||||||||
| 224417902 | [Redacted] | [Redacted] | 34983290 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Reviewer Comment (2026-01-12): Hazard Insurance Policy received, exception cleared. Buyer Comment (2026-01-09): HOI |
01/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224417902 | [Redacted] | [Redacted] | 34983309 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage statement is missing for REO - [redacted] | Reviewer Comment (2026-01-09): Credit report indicates mortgage [redacted]which requires escrows. Condition cleared. Buyer Comment (2026-01-07): PC Cert Reviewer Comment (2025-12-04): As per credit supplement, we are unable to verify whether taxes and insurance escrowed or not., exception remains. Buyer Comment (2025-12-03): PC Cert |
01/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224417902 | [Redacted] | [Redacted] | 34983310 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-19): Client elects to waive. |
11/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224417902 | [Redacted] | [Redacted] | 34983326 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title Error: Title vesting does not concur with deed | Missing Deed adding spouse to vesting. As per title commitment, only borrower is vested in title. | Reviewer Comment (2025-12-17): Received clarification from title company. Condition cleared. Buyer Comment (2025-12-15): email confirmation from title co |
12/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224419582 | [Redacted] | [Redacted] | 35001698 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-19): Client elects to waive. |
11/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CO | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224419582 | [Redacted] | [Redacted] | 35001699 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-19): Client elects to waive. |
11/19/2025 | No | 1 | N/A | N/A | A | A | N/A | N/A | CO | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||||||
| 224419582 | [Redacted] | [Redacted] | 35001700 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-19): Client elects to waive. |
11/19/2025 | No | 2 | A | A | A | A | A | A | B | B | CO | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||||
| 224424790 | [Redacted] | [Redacted] | 34984860 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-19): Client elects to waive. |
11/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224424790 | [Redacted] | [Redacted] | 34984861 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-19): Client elects to waive. |
11/19/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | MA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224424790 | [Redacted] | [Redacted] | 34984863 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-19): Client elects to waive. |
11/19/2025 | No | 2 | A | A | A | A | A | A | B | B | MA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224424790 | [Redacted] | [Redacted] | 34984889 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-9 form was used, the H-8 form should have been used. | There is no existing second lien being paid off. H-9 Right to cancel format was used instead of H-8 format. | Reviewer Comment (2025-12-30): Received correct RTC, letter to borrower and evidence of borrowers receipt. Condition cleared. Buyer Comment (2025-12-26): Please find attached the following: H8 Right to Cancel form, Borrower Letter, and electronic confirmation of receipt of the H8 Right to Cancel form. |
12/30/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224426183 | [Redacted] | [Redacted] | 35001924 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | For Bank statement income, the most recent bank statements in the file must be no more than [redacted] calendar days old as of the note date, based on the end date of the statement. The most recent statement in file is dated [redacted], more than [redacted] days prior to the note date of [redacted]. |
Reviewer Comment (2025-12-01): Received updated statement. Cleared. Buyer Comment (2025-11-26): worksheet and more recent statement |
12/01/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224426193 | [Redacted] | [Redacted] | 35001464 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-26): Client elects to waive. Buyer Comment (2025-11-24): PCI [redacted] Buyer Comment (2025-11-24): Please find PCI inspection performed [redacted] |
11/26/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224426193 | [Redacted] | [Redacted] | 35001465 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-26): Client elects to waive. Buyer Comment (2025-11-24): PCI [redacted] |
11/26/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224426193 | [Redacted] | [Redacted] | 35001468 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
P&I of first lien is [redacted] and per 1008, it is [redacted]. | Reviewer Comment (2025-11-26): Revised 1008 received, exception cleared Buyer Comment (2025-11-24): Please see corrected 1008 |
11/26/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224426193 | [Redacted] | [Redacted] | 35001481 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Reviewer Comment (2025-11-26): Third Party Verification received, exception cleared. Buyer Comment (2025-11-24): SOS look-up performed [redacted] |
11/26/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224426193 | [Redacted] | [Redacted] | 35001484 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Schedule C Test | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. | Third party verification of Sole proprietor ([redacted]) within [redacted] Calendar days prior to the note date is missing. | Reviewer Comment (2025-11-26): Third Party Verification received, exception cleared. Buyer Comment (2025-11-24): SOS lookup - [redacted] |
11/26/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224426193 | [Redacted] | [Redacted] | 35001485 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Schedule C | Ability to Repay (Dodd-Frank 2014): Unable to verify Sole Proprietorship income using reasonably reliable third-party records. | Third party verification of Sole proprietor ([redacted]) within [redacted] Calendar days prior to the note date is missing. | Reviewer Comment (2025-11-26): Third Party Verification received, exception cleared. |
11/26/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224426193 | [Redacted] | [Redacted] | 35001486 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Third party verification of Sole proprietor ([redacted]) within [redacted] Calendar days prior to the note date is missing. | Reviewer Comment (2025-11-26): Third Party Verification received, exception cleared. |
11/26/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224426193 | [Redacted] | [Redacted] | 35001487 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Third party verification of Sole proprietor ([redacted]) within [redacted] Calendar days prior to the note date is missing. | Reviewer Comment (2025-11-26): Third Party Verification received, exception cleared. |
11/26/2025 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224426193 | [Redacted] | [Redacted] | 35001488 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of ATR Fail. | Third party verification of Sole proprietor ([redacted]) within [redacted] Calendar days prior to the note date is missing. | Reviewer Comment (2025-11-26): Third Party Verification received, exception cleared. |
11/26/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224426193 | [Redacted] | [Redacted] | 35001489 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three (3) business days from transaction date of [redacted]. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-11-26): Disbursement date verified, exception cleared. Buyer Comment (2025-11-24): Please find amended Settlement Statement showing Disbursement date of [redacted] |
11/26/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224426193 | [Redacted] | [Redacted] | 35001491 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Third party verification of Sole proprietor ([redacted]) within [redacted] Calendar days prior to the note date is missing. | Reviewer Comment (2025-11-26): Third Party Verification received, exception cleared. |
11/26/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224426193 | [Redacted] | [Redacted] | 35020030 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Small Creditor Portfolio Originations (ATR Provision - Income - Schedule C) | Small Creditor Portfolio Originations Qualified Mortgage (Dodd-Frank 2014): Unable to verify Sole Proprietorship income using reasonably reliable third-party records. | Unable to verify Sole Proprietorship income using reasonably reliable third-party records. ([redacted] | Reviewer Comment (2025-11-26): Third Party Verification received, exception cleared. |
11/26/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224426572 | [Redacted] | [Redacted] | 35001494 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-19): Client elects to waive. |
11/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224427506 | [Redacted] | [Redacted] | 35001527 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-19): AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted]Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]. |
11/19/2025 | No | 2 | A | A | A | A | A | A | B | B | MI | Primary | Refinance - Rate/Term | B | B | A | A | A | A | B | B | Non QM | Non QM | No | |||||||||||||
| 224427506 | [Redacted] | [Redacted] | 35001528 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-19): client elected to waive |
11/19/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | MI | Primary | Refinance - Rate/Term | B | B | A | A | A | A | B | B | Non QM | Non QM | No | |||||||||||||||
| 224427506 | [Redacted] | [Redacted] | 35001529 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-19): client elected to waive |
11/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Rate/Term | B | B | A | A | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224428694 | [Redacted] | [Redacted] | 35010503 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided | Provide the Loan Underwriting and Transmittal Summary (1008) / MCAW for both the borrowers | Reviewer Comment (2025-12-17): 1008 provided. Buyer Comment (2025-12-16): updated 1008 Buyer Comment (2025-12-15): Please see page [redacted], [redacted], that reflects both borrowers information. Note; [redacted]combines all borrower's information on the 1008 and a seperate 1008 for each borrower is not available. Thank you. |
12/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | B | B | B | Non QM | Non QM | No | |||||||||||
| 224428694 | [Redacted] | [Redacted] | 35010514 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-19): Client elects to waive. |
11/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | B | B | B | Non QM | Non QM | No | ||||||||||||
| 224428694 | [Redacted] | [Redacted] | 35010515 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Reviewer Comment (2025-12-30): Received CDA. Exception cleared. Buyer Comment (2025-12-29): CDA uploaded Reviewer Comment (2025-12-23): Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Exception remains Buyer Comment (2025-12-19): Per Section [redacted] Re-Use of Existing Appraisal Report, an appraisal on a previous transaction with [redacted] may be used and must be completed [redacted] days prior to the note. The report was completed on [redacted]and valid until [redacted]. Thank you. |
12/30/2025 | No | 1 | N/A | A | A | A | N/A | A | A | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | B | B | B | Non QM | Non QM | No | ||||||||||||||
| 224428694 | [Redacted] | [Redacted] | 35010518 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-19): Client elects to waive. |
11/19/2025 | No | 2 | A | A | A | A | A | A | B | B | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | B | B | B | Non QM | Non QM | No | |||||||||||||
| 224428694 | [Redacted] | [Redacted] | 35010527 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy | Reviewer Comment (2025-12-18): Final title received. |
12/18/2025 | No | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | B | B | B | Non QM | Non QM | No | |||||||||||
| 224428694 | [Redacted] | [Redacted] | 35010528 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2025-12-17): Final title policy updated. Exception Cleared Buyer Comment (2025-12-17): updated title |
12/17/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | B | B | B | Non QM | Non QM | No | ||||||||||||
| 224428694 | [Redacted] | [Redacted] | 35010580 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Data Discrepancy with DTI. Lender DTI [redacted], Review DTI [redacted]. The reason for the DTI Discrepancy is due to lender has not used the Co-borrower income. | Reviewer Comment (2025-12-18): received updated 1008, DTI is within tolerance. Buyer Comment (2025-12-16): Co-borrower's [redacted] payment included. Please confirm. Buyer Comment (2025-12-16): agree and updated 1008 provided |
12/18/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | B | B | B | Non QM | Non QM | No | |||||||||||
| 224428694 | [Redacted] | [Redacted] | 35010597 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Data Discrepancy with DTI. Lender DTI [redacted], Review DTI [redacted]. The reason for the DTI Discrepancy is due to lender has not used the Co-borrower income. | Reviewer Comment (2025-12-18): received updated 1008, DTI is within tolerance. |
12/18/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | D | B | C | B | D | B | B | B | Non QM | Non QM | Yes | |||||||||
| 224428694 | [Redacted] | [Redacted] | 35010598 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Data Discrepancy with DTI. Lender DTI [redacted], Review DTI [redacted]. The reason for the DTI Discrepancy is due to lender has not used the Co-borrower income. | Reviewer Comment (2025-12-18): received updated 1008, DTI is within tolerance. |
12/18/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | B | B | B | Non QM | Non QM | No | ||||||||||
| 224428694 | [Redacted] | [Redacted] | 35010601 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) [redacted] Cash-out Loan (T-42 Endorsement Not Obtained) | [redacted] Constitution Section [redacted]: Acceptable FNMA title insurance endorsements not obtained for home equity loan. The loan file does not evidence the Title Policy includes the [redacted] [redacted] endorsement or the [redacted] endorsement. (The loan is a [redacted] Section [redacted] home equity loan.) | Reviewer Comment (2025-12-18): Title final shows both endorsements. |
12/18/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | D | B | C | B | D | B | B | B | Non QM | Non QM | No | ||||||||||
| 224428694 | [Redacted] | [Redacted] | 35010602 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) | [redacted] Constitution Section [redacted]: Acknowledgment of the Fair Market Value not properly executed by the Lender. | Reviewer Comment (2025-12-26): Lender signed disclosure received. Buyer Comment (2025-12-23): Signed Reviewer Comment (2025-12-23): Provided Fair Market Value acknowledgement is not executed by lender, please provide document signed and dated by lender. Buyer Comment (2025-12-19): Fair Market Value |
12/26/2025 | No | 1 | C | A | C | A | C | A | C | A | D | A | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | D | B | C | B | D | B | B | B | Non QM | Non QM | Yes | ||||||||||
| 224428694 | [Redacted] | [Redacted] | 35010603 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted]: Acknowledgment of the Fair Market Value not properly executed by the Lender. | Buyer Comment (2026-01-06): pre approved waiver list Buyer Comment (2026-01-06): please see the cover letter to the borrower and fair market value and confirmation from Blend. |
01/06/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | D | B | C | B | D | B | B | B | Non QM | Non QM | No | ||||||||||
| 224428694 | [Redacted] | [Redacted] | 35010604 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Itemization of Points and Fees Not Provided At Least 1 Business Day Prior to Closing - No Waiver) | [redacted] Constitution Section[redacted] : Final itemized disclosure of fees, points, costs and charges not provided to borrower at least one (1) business day prior to closing without a waiver. | Reviewer Comment (2025-12-18): CD was issued one day prior to closing. Buyer Comment (2025-12-16): Please see the CD on page [redacted], issued on [redacted]and one day prior to closing. |
12/18/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | D | B | C | B | D | B | B | B | Non QM | Non QM | Yes | ||||||||||
| 224428694 | [Redacted] | [Redacted] | 35010633 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for borrower has has [redacted] days late in last [redacted] months guideline require [redacted] | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-11-20): Lender Exception with Compensating Factors provided. |
11/20/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | B | B | B | Non QM | Non QM | No | ||||||||
| 224428694 | [Redacted] | [Redacted] | 35010646 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for Contingent Liability - [redacted]Auto installment # [redacted]- Missing [redacted][redacted]payment verification from [redacted]party bank account. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-11-20): Lender Exception with Compensating Factors provided. |
11/20/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | D | B | C | B | D | B | B | B | Non QM | Non QM | No | ||||||||
| 224428694 | [Redacted] | [Redacted] | 35308356 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Provided) | Unable to test fair market acknowledgment due to missing information. | [redacted] Cash-out Fair Market Acknowledgment is not dated by lender. | Reviewer Comment (2026-01-06): Executed copy of [redacted]Disclosure provided signed by both lender and borrower. |
01/06/2026 | No | 2 | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | D | B | C | B | D | B | B | B | Non QM | Non QM | Yes | ||||||||||||||
| 224430065 | [Redacted] | [Redacted] | 35012768 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage statement for [redacted]is missing. | Reviewer Comment (2025-11-28): Received Closing Disclosure and Note document for REO property "[redacted], information validated. Exception Cleared. Buyer Comment (2025-11-25): Property in question closed same day as subject property. Please find Security Instrument, Note and Closing Disclosure for [redacted] |
11/28/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| 224430065 | [Redacted] | [Redacted] | 35012773 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-19): Client elects to waive. |
11/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| 224455163 | [Redacted] | [Redacted] | 35039275 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per[redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2025-12-01): Client elects to waive. |
12/01/2025 | No | 2 | A | A | A | A | A | A | B | B | AZ | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224455163 | [Redacted] | [Redacted] | 35039276 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-01): Client elects to waive. |
12/01/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | AZ | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||||||
| 224455301 | [Redacted] | [Redacted] | 35038725 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy | Reviewer Comment (2025-12-02): Final title policy received covering loan value. |
12/02/2025 | No | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224455301 | [Redacted] | [Redacted] | 35038921 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy Amount of $[redacted]is less than the note amount of $[redacted]. | Reviewer Comment (2025-12-02): Final title policy received covering loan value. Buyer Comment (2025-12-01): Title Policy |
12/02/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | GA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224455301 | [Redacted] | [Redacted] | 35038925 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-21): Client elects to waive. |
11/21/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224455305 | [Redacted] | [Redacted] | 35037486 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2025-11-21): Client elects to waive. |
11/21/2025 | No | 2 | A | A | A | A | A | A | B | B | VA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224455305 | [Redacted] | [Redacted] | 35037487 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-11-21): Client elects to waive. |
11/21/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | VA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224455305 | [Redacted] | [Redacted] | 35037490 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-21): Client elects to waive. |
11/21/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224456956 | [Redacted] | [Redacted] | 35038859 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2025-12-05): Received required documentation. Condition cleared. Buyer Comment (2025-12-03): AVM |
12/05/2025 | No | 1 | N/A | A | A | A | N/A | A | A | A | OH | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 224456956 | [Redacted] | [Redacted] | 35038860 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per[redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B | Reviewer Comment (2025-12-05): Client elects to waive. Buyer Comment (2025-12-04): see uploaded |
12/05/2025 | No | 2 | A | A | A | A | A | A | B | B | OH | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224456989 | [Redacted] | [Redacted] | 35037818 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | Employment Authorization/Resident Alien Card/Passport/VISA missing in loan file. | Reviewer Comment (2025-12-12): Received Resident Alien Card. Exception cleared. Buyer Comment (2025-12-10): Green Card unexp |
12/12/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224456989 | [Redacted] | [Redacted] | 35037832 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-21): Client elects to waive. |
11/21/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224459395 | [Redacted] | [Redacted] | 35041615 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2025-12-05): Received required documentation. Condition cleared. Buyer Comment (2025-12-03): CDA |
12/05/2025 | No | 1 | D | A | A | A | D | A | A | D | A | MI | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224459395 | [Redacted] | [Redacted] | 35041618 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Statement is missing. | Reviewer Comment (2025-11-28): CD verifying PITIA received, exception cleared. Buyer Comment (2025-11-25): final cd on REO |
11/28/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224459395 | [Redacted] | [Redacted] | 35043182 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy Amount of $[redacted]is less than the note amount of $[redacted] based on the Commitment in file. | Reviewer Comment (2025-11-28): Title Commitment with the correct coverage amount received, exception cleared. Buyer Comment (2025-11-26): title commitment |
11/28/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | MI | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224465244 | [Redacted] | [Redacted] | 35065008 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Data discrepancy with DTI. Lender DTI [redacted]%, Review DTI [redacted]%. The reason for the discrepancy is due to expenses. | Reviewer Comment (2025-12-08): Received revised 1008 and 1003, information validated accordingly. DTI discrepancy suffice, Exception Cleared. Buyer Comment (2025-12-04): here is the updated 1008 & 1003 |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224465244 | [Redacted] | [Redacted] | 35065015 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided does not support the qualifying value. Sec ID: [redacted] | Reviewer Comment (2025-12-09): Document provided Buyer Comment (2025-12-05): AVM Reviewer Comment (2025-12-04): The additional AVM located in the file has more than a [redacted]% variance than the originating value. Buyer Comment (2025-12-02): [redacted] supports the value we used |
12/09/2025 | No | 1 | C | A | A | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224465244 | [Redacted] | [Redacted] | 35065016 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-04): Client elects to waive. Buyer Comment (2025-12-02): [redacted] & [redacted]are the AVM's |
12/04/2025 | No | 2 | A | A | A | A | A | A | B | B | OH | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224465244 | [Redacted] | [Redacted] | 35065018 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. A [redacted]AVM was provided with FSD > [redacted], and its value does not support the "Use for LTV" value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-16): Received addl AVM. Condition cleared. Buyer Comment (2025-12-15): AVM's Reviewer Comment (2025-12-11): The difference between the [redacted]valuations is greater than [redacted]%. A confidence score >=.[redacted]and FSD <=[redacted]is required. Buyer Comment (2025-12-09): We used [redacted] & [redacted] We have [redacted]AVM's Reviewer Comment (2025-12-09): The AVMs lender is choosing to use are from the same vendor. Per securitization requirements, the AVM's must come from different vendors and meet lender guides. Buyer Comment (2025-12-05): see uploaded Reviewer Comment (2025-12-04): The additional AVM located in the file has more than a [redacted]% variance than the originating value. Buyer Comment (2025-12-02): [redacted] supports the value we used |
12/16/2025 | No | 1 | C | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224465244 | [Redacted] | [Redacted] | 35065064 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall exception due to DTI discrepancy. | Reviewer Comment (2025-12-08): Received revised 1008 and 1003, information validated accordingly. DTI discrepancy suffices, Exception Cleared. Buyer Comment (2025-12-04): see uploaded |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224465244 | [Redacted] | [Redacted] | 35065065 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall exception due to DTI discrepancy. | Reviewer Comment (2025-12-08): Received revised 1008 and 1003, information validated accordingly. DTI discrepancy suffices, Exception Cleared. Buyer Comment (2025-12-04): see uploaded |
12/08/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | OH | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224465244 | [Redacted] | [Redacted] | 35182859 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. [redacted]AVM's with the same Model Name were entered. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Only [redacted] AVM is being considered. | Reviewer Comment (2025-12-16): Received addl AVM. Condition cleared. Buyer Comment (2025-12-15): see uploaded Reviewer Comment (2025-12-11): The difference between the [redacted]valuations is greater than [redacted]%. A confidence score >=.[redacted]and FSD <=[redacted]is required. Buyer Comment (2025-12-09): We used [redacted] & [redacted] We have [redacted]AVM's |
12/16/2025 | No | 1 | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224466606 | [Redacted] | [Redacted] | 35067424 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-05): Client elects to waive without compensating factors. Buyer Comment (2025-12-03): RTC docs Buyer Comment (2025-12-03): avm |
12/05/2025 | No | 2 | A | A | A | A | A | A | B | B | UT | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224466606 | [Redacted] | [Redacted] | 35067425 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Reviewer Comment (2025-12-05): Document provided. Buyer Comment (2025-12-03): RTC docs Buyer Comment (2025-12-03): see uploaded |
12/05/2025 | No | 1 | N/A | A | A | A | N/A | A | A | A | UT | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 224466606 | [Redacted] | [Redacted] | 35067506 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the[redacted]form should have been used. | The [redacted] form was used, the[redacted] form should have been used. Mortgage loan is not getting paid off. | Reviewer Comment (2025-12-05): Corrected RTC received, exception cleared Buyer Comment (2025-12-03): RTC docs |
12/05/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224466606 | [Redacted] | [Redacted] | 35166696 | Compliance | Compliance | Federal Compliance | TILA | TILA Notice of Right to Cancel Expiration Date greater than Deal Start Date. | Rescission expiration date provided by lender on Notice of Right to Cancel has not expired as of time of review. | Expiration date is [redacted]. | Reviewer Comment (2025-12-11): Information re-validated as per available right to cancel document, Exception Cleared. Buyer Comment (2025-12-09): please clear |
12/11/2025 | No | 1 | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224466616 | [Redacted] | [Redacted] | 35067409 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Data discrepancy with DTI. Lender DT[redacted]%%, Review DTI [redacted]%. The reason for the discrepancy is due to it appears we do not have the final 1008 reflecting rental income being used to qualify for the subject property. | Reviewer Comment (2025-12-12): Rental income not considered for qualification & installment account with balance remaining less than [redacted]months excluded. Exception cleared. Buyer Comment (2025-12-11): PC Cert Reviewer Comment (2025-12-05): Rental income considered is negative $[redacted](-$[redacted] year average) exception remains. Buyer Comment (2025-12-03): please confirm what rental income [redacted]is using |
12/12/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | N/A | Exempt from ATR | No | |||||||||||
| 224466616 | [Redacted] | [Redacted] | 35067413 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-12): Waived. Buyer Comment (2025-12-11): CDA |
12/12/2025 | No | 1 | N/A | N/A | A | A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | N/A | Exempt from ATR | No | |||||||||||||||
| 224466616 | [Redacted] | [Redacted] | 35067415 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-12): Waived. Buyer Comment (2025-12-11): CDA submitted |
12/12/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224466616 | [Redacted] | [Redacted] | 35067517 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for subject property was listed for sale during the six months preceding the application date (and not satisfied until one day following application. | Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Occupancy: [redacted] Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-11-26): Lender Exception with Compensating Factors provided. |
11/26/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | N/A | Exempt from ATR | No | ||||||||
| 224466616 | [Redacted] | [Redacted] | 35067536 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall finding due to DTI discrepancy. | Reviewer Comment (2025-12-12): Rental income not considered for qualification & installment account with balance remaining less than [redacted]months excluded. Exception cleared. |
12/12/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 224466616 | [Redacted] | [Redacted] | 35480390 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy - DTI | Reviewer Comment (2026-01-23): Received updated 1008. Condition cleared. Buyer Comment (2026-01-21): updated 1008 |
01/23/2026 | No | 1 | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | N/A | Exempt from ATR | No | ||||||||||||||||
| 224467049 | [Redacted] | [Redacted] | 35064743 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | Final 1003 declaration section indicates borrower(s) will occupy the property the occupancy certificate indicates property will not be occupied by borrower(s). | Reviewer Comment (2025-12-04): Corrected 1003 received, exception cleared. Buyer Comment (2025-12-02): 1003 |
12/04/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 224467049 | [Redacted] | [Redacted] | 35065244 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | Final 1003 declaration section indicates borrower(s) will occupy the property the occupancy certificate indicates property will not be occupied by borrower(s). | Reviewer Comment (2025-12-04): Corrected 1003 received, exception cleared. Buyer Comment (2025-12-02): see uploaded |
12/04/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 224467049 | [Redacted] | [Redacted] | 35072467 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2025-12-05): Document provided. Buyer Comment (2025-12-03): avm |
12/05/2025 | No | 1 | N/A | A | A | A | N/A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||||
| 224467049 | [Redacted] | [Redacted] | 35072468 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | VM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B | Reviewer Comment (2025-12-05): Client elects to waive. Reviewer Comment (2025-12-05): Reviewed document provided. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Exception remains. Buyer Comment (2025-12-03): see uploaded |
12/05/2025 | No | 2 | A | A | A | A | A | A | B | B | AZ | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224467049 | [Redacted] | [Redacted] | 35072481 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Tax verification is missing for the property [redacted] | Reviewer Comment (2025-11-25): Document provided |
11/25/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 224467049 | [Redacted] | [Redacted] | 35072526 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of [redacted]% exceeds Guideline combined loan to value percentage of [redacted]%. Due to rounding. | Reviewer Comment (2025-12-04): Data corrected, exception cleared Buyer Comment (2025-12-02): Appraisal was [redacted]which both loans equal out to this amount please cancel invalid cond |
12/04/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||
| 224468506 | [Redacted] | [Redacted] | 35069272 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | The available hazard insurance policy effective date [redacted] is after the note and disbursement date. | Reviewer Comment (2025-12-04): Received hazard insurance policy effective from [redacted]. Exception cleared . Buyer Comment (2025-12-03): Please re-review uploaded insurance doc. The effective dates are [redacted] which is not the same as the one in your documents. Reviewer Comment (2025-12-03): Reviewed documents provided Same documents provided. Hazard insurance policy effective date [redacted] is after the note and disbursement date. Exception Remains. Buyer Comment (2025-12-02): HOI |
12/04/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224468506 | [Redacted] | [Redacted] | 35069513 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing verification of employment for borrower wage earning income for [redacted] | Reviewer Comment (2025-12-03): Document provided Buyer Comment (2025-12-02): vvoe |
12/03/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224468506 | [Redacted] | [Redacted] | 35069530 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to co-borrower verification of employment. | Reviewer Comment (2025-12-03): Documents provided Buyer Comment (2025-12-02): see uploaded |
12/03/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224468506 | [Redacted] | [Redacted] | 35069531 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to co-borrower verification of employment. | Reviewer Comment (2025-12-03): Documents provided Buyer Comment (2025-12-02): see uploaded |
12/03/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224468506 | [Redacted] | [Redacted] | 35093501 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Waterfall due to co-borrower verification of employment. | Reviewer Comment (2025-12-03): Document provided Buyer Comment (2025-12-02): see uploaded |
12/03/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224468506 | [Redacted] | [Redacted] | 35093510 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to co-borrower verification of employment. | Reviewer Comment (2025-12-03): Document provided Buyer Comment (2025-12-02): see uploaded |
12/03/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224474783 | [Redacted] | [Redacted] | 35102869 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-28): Clients elect to waive. |
11/28/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224474783 | [Redacted] | [Redacted] | 35102871 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Itemization of Points and Fees Not Provided) | [redacted] Constitution Section [redacted]: Final Itemized disclosure of fees, points, costs and charges not provided to borrower at least [redacted]([redacted]) business day prior to closing. | Reviewer Comment (2025-12-05): Received Closing Disclosure confirming itemized disclosures of fees provided one business day prior to closing date. Exception Cleared. Buyer Comment (2025-12-03): [redacted] CD |
12/05/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||
| 224474783 | [Redacted] | [Redacted] | 35102884 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | Borrower verification of employment dated[redacted] was not within [redacted]business of the Note date [redacted]. | Reviewer Comment (2025-12-10): Received pre-close VOE and Post close VOE. Condition cleared. Reviewer Comment (2025-12-10): As per Guideline Section [redacted] of the signature closed end [redacted]lien requires Verbal VOE (dated within [redacted] days of the note date) must be completed. Provided [redacted]party verification doc id [redacted] if after closing date does not satisfies the guideline requirement and available [redacted]-party verification of employment with doc id [redacted] is not within [redacted] business days of closing. Exception remains. Buyer Comment (2025-12-08): The ATR requirement for pre-close verification of employment is not restricted to [redacted] days prior to closing, and was met in this situation by the verification documentation provided. Please see (Pay stubs DOC ID [redacted] , W2 [redacted], vvoe [redacted]). We have also provided a post-Note VVOE which satisfies the guideline requirement and is allowed per Exhibit E. Please clear this condition. Reviewer Comment (2025-12-05): Require VVOE document of borrower within [redacted] days prior to Note date. Exception Remains. Buyer Comment (2025-12-03): vvoe |
12/10/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224474783 | [Redacted] | [Redacted] | 35107141 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Borrower verification of employment dated [redacted] was not within [redacted]business of the Note date [redacted], resulting in a loan designation discrepancy. | Reviewer Comment (2025-12-10): Received pre-close VOE and Post close VOE. Condition cleared. Reviewer Comment (2025-12-10): As per Guideline Section [redacted] of the signature closed end [redacted]lien requires Verbal VOE (dated within [redacted] days of the note date) must be completed. Provided [redacted]party verification doc id [redacted] if after closing date does not satisfies the guideline requirement and available [redacted]-party verification of employment with doc id [redacted] is not within [redacted] business days of closing. Exception remains. Buyer Comment (2025-12-08): The ATR requirement for pre-close verification of employment is not restricted to [redacted] days prior to closing, and was met in this situation by the verification documentation provided. Please see (Pay stubs DOC ID [redacted] , W2 [redacted], vvoe [redacted]). We have also provided a post-Note VVOE which satisfies the guideline requirement and is allowed per Exhibit E. Please clear this condition. Reviewer Comment (2025-12-05): Require VVOE document of borrower within [redacted] days prior to Note date. Exception Remains. Buyer Comment (2025-12-03): see uploaded |
12/10/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224474783 | [Redacted] | [Redacted] | 35107142 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Borrower verification of employment dated [redacted] was not within [redacted]business of the Note date [redacted]. | Reviewer Comment (2025-12-10): Received pre-close VOE and Post close VOE. Condition cleared. Reviewer Comment (2025-12-10): As per Guideline Section [redacted] of the signature closed end [redacted]lien requires Verbal VOE (dated within [redacted] days of the note date) must be completed. Provided Third party verification doc id [redacted] if after closing date does not satisfies the guideline requirement and available [redacted]-party verification of employment with doc id [redacted] is not within [redacted] business days of closing. Exception remains. Buyer Comment (2025-12-08): The ATR requirement for pre-close verification of employment is not restricted to [redacted] days prior to closing, and was met in this situation by the verification documentation provided. Please see (Pay stubs DOC ID [redacted] , W2 [redacted], vvoe [redacted]). We have also provided a post-Note VVOE which satisfies the guideline requirement and is allowed per Exhibit E. Please clear this condition. Reviewer Comment (2025-12-05): Require VVOE document of borrower within [redacted] days prior to Note date. Exception Remains. Buyer Comment (2025-12-03): see uploaded |
12/10/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224474783 | [Redacted] | [Redacted] | 35107146 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Borrower verification of employment dated [redacted] was not within [redacted]business of the Note date [redacted]. | Reviewer Comment (2025-12-10): Received pre-close VOE and Post close VOE. Condition cleared. Reviewer Comment (2025-12-10): As per Guideline Section[redacted] of the signature closed end [redacted]lien requires Verbal VOE (dated within [redacted] days of the note date) must be completed. Provided [redacted]party verification doc id ([redacted]) if after closing date does not satisfies the guideline requirement and available [redacted]-party verification of employment with doc id ([redacted]) is not within [redacted] business days of closing. Exception remains. Buyer Comment (2025-12-08): The ATR requirement for pre-close verification of employment is not restricted to [redacted] days prior to closing, and was met in this situation by the verification documentation provided. Please see (Pay stubs DOC ID [redacted] , W2 [redacted], vvoe [redacted]). We have also provided a post-Note VVOE which satisfies the guideline requirement and is allowed per Exhibit E. Please clear this condition. Reviewer Comment (2025-12-05): Require VVOE document of borrower within [redacted] days prior to Note date. Exception Remains. Buyer Comment (2025-12-03): see uploaded |
12/10/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224474783 | [Redacted] | [Redacted] | 35120840 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Reviewer Comment (2025-12-10): Received pre-close VOE and Post close VOE. Condition cleared. Reviewer Comment (2025-12-10): As per Guideline Section [redacted] of the signature closed end [redacted]lien requires Verbal VOE (dated within [redacted] days of the note date) must be completed. Provided [redacted]party verification doc id [redacted] if after closing date does not satisfies the guideline requirement and available [redacted]-party verification of employment with doc id [redacted] is not within [redacted] business days of closing. Exception remains. Buyer Comment (2025-12-08): The ATR requirement for pre-close verification of employment is not restricted to [redacted] days prior to closing, and was met in this situation by the verification documentation provided. Please see (Pay stubs DOC ID [redacted] , W2 [redacted], vvoe [redacted]). We have also provided a post-Note VVOE which satisfies the guideline requirement and is allowed per Exhibit E. Please clear this condition. Reviewer Comment (2025-12-05): Require VVOE document of borrower within [redacted] days prior to Note date. Exception Remains. Buyer Comment (2025-12-03): see uploaded |
12/10/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224475781 | [Redacted] | [Redacted] | 35103704 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per[redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-11): Client elects to waive. Buyer Comment (2025-12-09): Attached please find all AVMs and their invoices |
12/11/2025 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224475781 | [Redacted] | [Redacted] | 35103705 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2025-12-11): AVM provided. Buyer Comment (2025-12-09): Uploaded please find AVMs, PCI and invoices Buyer Comment (2025-12-09): PCI, AVM's and all invoices |
12/11/2025 | No | 1 | N/A | A | A | A | N/A | A | A | A | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 224475781 | [Redacted] | [Redacted] | 35103735 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for cash out refinance with title less than [redacted]months seasoned is approved. Per disposition, max [redacted]% CLTV, borrower to be added to title prior to application, include full PITI in [redacted]mortgage, loan to be switched from conventional to [redacted]ded. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-11-28): Lender Exception with Compensating Factors provided. |
11/28/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224475781 | [Redacted] | [Redacted] | 35106964 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for current HELOC to be paid at closing is currently [redacted]delinquent. Lender will not accept monthly payments as balloon payment is due is approved. Per disposition, max [redacted]% CLTV, borrower to be added to title prior to application, include full PITI in [redacted]mortgage, loan to be switched from conventional to [redacted]ded. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-11-28): Lender Exception with Compensating Factors provided. |
11/28/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224475781 | [Redacted] | [Redacted] | 35201518 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. [redacted]AVM's with the same Model Name were entered. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-23): Received required documentation. Condition cleared. Buyer Comment (2025-12-19): [redacted]- [redacted] AVM |
12/23/2025 | No | 1 | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224498680 | [Redacted] | [Redacted] | 35104600 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-26): Client elects to waive. |
11/26/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | LA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224498684 | [Redacted] | [Redacted] | 35103638 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | File is missing the supporting business account statements for Bank Statements income qualification. | Reviewer Comment (2025-12-12): [redacted] Month Bank Statement received and verified. Exception cleared. Buyer Comment (2025-12-11): Statements |
12/12/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224498684 | [Redacted] | [Redacted] | 35103681 | Credit | Income | Document Error | Income | Bank statement page number is blank. | - | Waterfall due to missing account bank statements. | Reviewer Comment (2025-12-12): [redacted] Month Bank Statement received and verified. Exception cleared. Buyer Comment (2025-12-11): See statements |
12/12/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224498684 | [Redacted] | [Redacted] | 35103682 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | MIssing insurance and tax supporting documentation for property located at [redacted][redacted], [redacted], OR. | Reviewer Comment (2025-12-12): Hazard Insurance and Tax document received and verified. Exception cleared Buyer Comment (2025-12-11): Taxes and insurance |
12/12/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224498684 | [Redacted] | [Redacted] | 35103737 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Waterfall due to missing account bank statements. | Reviewer Comment (2025-12-12): [redacted] Month Bank Statement received and verified. Exception cleared. Buyer Comment (2025-12-11): See statements |
12/12/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224498684 | [Redacted] | [Redacted] | 35103738 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-12-15): Received Final Title Policy with coverage amount[redacted] . Exception cleared. |
12/15/2025 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224498684 | [Redacted] | [Redacted] | 35103740 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-11-26): Client elects to waive. |
11/26/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224498684 | [Redacted] | [Redacted] | 35103742 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-12-15): Received Final Title Policy with coverage amount[redacted] . Exception cleared. Buyer Comment (2025-12-12): Title |
12/15/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224498684 | [Redacted] | [Redacted] | 35103747 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Reviewer Comment (2025-12-12): Previous hazard Insurance document received and verified. Exception cleared Buyer Comment (2025-12-11): Previous policy, Refi file |
12/12/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224498684 | [Redacted] | [Redacted] | 35103805 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Waterfall due to missing account bank statements. | Reviewer Comment (2025-12-12): [redacted] Month Bank Statement received and verified. Exception cleared. Buyer Comment (2025-12-11): See statements |
12/12/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224532138 | [Redacted] | [Redacted] | 35107069 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope as second lien. | Reviewer Comment (2025-11-26): Client elects to waive. |
11/26/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224532138 | [Redacted] | [Redacted] | 35121151 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Lender Exception(s) not provided | The 1008 in the file indicates a lender exception was approved for the [redacted]% LTV. The lender exception document along with the approval and comp factors was not located in the file | Reviewer Comment (2025-12-04): Lender exception document received, exception cleared. Buyer Comment (2025-12-02): exception Request |
12/04/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224532138 | [Redacted] | [Redacted] | 35121191 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | It appears lender approved exception, however documentation is missing. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has worked in the same position for more than [redacted] years. |
Borrower has owned the subject property for at least [redacted] years. Borrower has worked in the same position for [redacted] years. |
SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-04): Client elects to waive with compensating factors. Buyer Comment (2025-12-02): see uploaded |
12/04/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| 224532138 | [Redacted] | [Redacted] | 35157770 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Requesting exception for max CLTV for this loan is [redacted]% and borrower is requesting of [redacted] | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has worked in the same position for more than [redacted] years. |
Borrower has owned the subject property for at least [redacted] years. Borrower has worked in the same position for [redacted] years. |
SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-04): Client elects to waive with compensating factors. |
12/04/2025 | Yes | 2 | B | B | B | B | B | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224543081 | [Redacted] | [Redacted] | 35113655 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Note is not on a [redacted]/ [redacted]form and does not contain the standard Due on Sale clause. | Reviewer Comment (2025-12-15): Due on Sale clause is confirmed with the security instrument. Buyer Comment (2025-12-12): Please see the Note [redacted] which states in section [redacted] that the Deed of Trust describes under what conditions the borrower may be required to make immediate payment in full. Please see Section [redacted]of the attached Deed of Trust which contains the necessary Due on Sale verbiage. |
12/15/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224543081 | [Redacted] | [Redacted] | 35113658 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Data discrepancy with DTI. The reason for the discrepancy is due to Lender used higher P&I for primary mortgage. | Reviewer Comment (2026-01-02): DTI Discrepancy suffices, as per revised 1003 and 1008 provided in file. Exception Cleared. Buyer Comment (2025-12-30): The [redacted] first mortgage payment was escrowed; insurance and taxes was also listed on the proposed amount, which would double hit the borrower with both payments. We have reduced the first mortgage down to the P&I amount only and the DTI now matches. Please see the attached 1003 and 1008. Reviewer Comment (2025-12-15): Lender has considered [redacted] st lien mortgage P&I of [redacted] while mortgage statement available (Pg [redacted]) shows P&I of [redacted] causing lower hit to DTI. Please provide updated 1008, 1003 and approval confirming the P&I and DTI. Buyer Comment (2025-12-12): [redacted] is correctly using [redacted] as the subject loan P&I payment. Please see attached memo which displays that figure on the Note and Final CD. |
01/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224543085 | [Redacted] | [Redacted] | 35114505 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for property was purchased [redacted], CES cash out requires 6 months title seasoning. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-02): Client elects to waive with compensating factors. |
12/02/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224543085 | [Redacted] | [Redacted] | 35114513 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2025-12-02): Client elects to waive. |
12/02/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224543085 | [Redacted] | [Redacted] | 35114514 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-02): Client elects to waive. |
12/02/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224543085 | [Redacted] | [Redacted] | 35114515 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-02): Client elects to waive. |
12/02/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224543085 | [Redacted] | [Redacted] | 35134172 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for B2 is a W2 employee for B1. Has a [redacted] -year history but cannot provide YTD paystubs - per borrowers they are paid [redacted]at year end. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-02): Client elects to waive with compensating factors. |
12/02/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224543085 | [Redacted] | [Redacted] | 35136549 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Per lender guides, assets are to be verified for [redacted]days. Only [redacted]month statement was provided for the above accounts. Please provide an additional consecutive statement for the accounts listed above. | Reviewer Comment (2025-12-15): Cleared. Acounts not used as assets for closing or reserves. Only used for asset depletion. Reviewer Comment (2025-12-12): As per Closed End [redacted] lien requirement, Asset statements provided must cover at least [redacted] days. Exception remains. Buyer Comment (2025-12-11): Rebuttal |
12/15/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224543085 | [Redacted] | [Redacted] | 35136664 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Discrepancy in DTI due to lender is using higher income than verified by due diligence review. The asset utilization, per the lender guides, must be divided by [redacted]months. The lender is using [redacted]months. | Reviewer Comment (2026-01-09): Cleared. Per client, [redacted] guides were used to qualify. Reviewer Comment (2025-12-12): As per Closed End [redacted] lien requirement, the asset utilization must be divided by [redacted] months. Exception remains. Buyer Comment (2025-12-11): Rebuttal |
01/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224543085 | [Redacted] | [Redacted] | 35136691 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Failure due to DTI | Reviewer Comment (2026-01-09): Cleared. Per client, [redacted] guides were used to qualify. |
01/09/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224543085 | [Redacted] | [Redacted] | 35136692 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Failure due to DTI | Reviewer Comment (2026-01-09): Cleared. Per client, [redacted] guides were used to qualify. |
01/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224543085 | [Redacted] | [Redacted] | 35480396 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy - DTI | Reviewer Comment (2026-01-20): 1008 DTI matches. [redacted] Buyer Comment (2026-01-16): DTI Matches [redacted] |
01/20/2026 | No | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224543088 | [Redacted] | [Redacted] | 35114000 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Data discrepancy with DTI. The reason for the discrepancy is due to Lender used higher P&I for primary mortgage. | Reviewer Comment (2025-12-08): Revised 1008 received, exception cleared. Buyer Comment (2025-12-04): 1008 |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224543088 | [Redacted] | [Redacted] | 35114007 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2025-12-08): Received Title Commitment with policy amount [redacted]. Exception cleared. Buyer Comment (2025-12-05): Title Commitment |
12/08/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224543088 | [Redacted] | [Redacted] | 35114013 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation mismatch due to DTI discrepancy caused by Lender using higher P&I for primary mortgage. | Reviewer Comment (2025-12-08): Revised 1008 received, exception cleared. Buyer Comment (2025-12-04): see uploaded |
12/08/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224543088 | [Redacted] | [Redacted] | 35114018 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted]or more guideline components, the loan is at QM risk. | Waterfall due to DTI discrepancy caused by Lender using higher P&I for primary mortgage. | Reviewer Comment (2025-12-08): Revised 1008 received, exception cleared. Buyer Comment (2025-12-04): see uploaded |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224543111 | [Redacted] | [Redacted] | 35113562 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-02): Client elects to waive. |
12/02/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224543111 | [Redacted] | [Redacted] | 35113563 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-30): Client elects to waive. Buyer Comment (2025-12-26): Per guidelines, a secondary valuation is not required on a stand-alone [redacted] nd when the loan amount being less than [redacted], confidence score is >[redacted] and FSD <.[redacted]. In addition, there is a Property Condition Report [redacted] within acceptable tolerance is in the file. Please clear condition or clarify why an additional valuation is required. |
12/30/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | NC | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Non QM | Non QM | No | |||||||||||||||
| 224543111 | [Redacted] | [Redacted] | 35113564 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-02): Client elects to waive. |
12/02/2025 | No | 2 | A | A | A | A | A | A | B | B | NC | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224543112 | [Redacted] | [Redacted] | 35113894 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-24): Client elects to waive. |
12/24/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | OR | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224543112 | [Redacted] | [Redacted] | 35113895 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | Buyer Comment (2025-12-24): OK to waive |
12/24/2025 | No | 2 | A | A | A | A | A | A | B | B | OR | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224543183 | [Redacted] | [Redacted] | 35114194 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Tax Verification for property located at [redacted] not provided in file. | Reviewer Comment (2026-01-23): Received required documentation. Condition cleared. Reviewer Comment (2026-01-23): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Tax Verification Buyer Comment (2026-01-21): invest memo for [redacted] reo mortgage P&I Reviewer Comment (2025-12-11): Require Mortgage statement for REO property "Address: [redacted], , " as [redacted] does not reflect P&I statement. Exception Remains. Buyer Comment (2025-12-09): please see mortgage statement doc [redacted] to show taxes are escrowed. thanks! Reviewer Comment (2025-12-09): Mortgage statement or Note or Closing Disclosure for the property address " [redacted]" is required to verify P&I amount whether it is escrowed or not. Exception remains. Buyer Comment (2025-12-05): tax cert Reviewer Comment (2025-12-05): Provide mortgage statement to verify the PITI amount and to verify whether T&I are escrowed or not. Exception remains. Buyer Comment (2025-12-03): please see doc# [redacted] for [redacted] Mortgage statement reflecting yearly tax amount of [redacted] |
01/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224543183 | [Redacted] | [Redacted] | 35114198 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | ATR failure due to missing income documentation: Third Party Verification, CPA Letter; Audited or Third Party Prepared YTD P&L not provided for The Publics Adjusters or A Grade Property Restoration. | Reviewer Comment (2025-12-05): CPA letter in the file, exception cleared. Buyer Comment (2025-12-03): please see the following docs: CPL letter docs [redacted]; P&L statements docs [redacted] |
12/05/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224543183 | [Redacted] | [Redacted] | 35114199 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - Partnership | General QM: Unable to verify current Partnership status using reasonably reliable third-party records. | ATR failure due to missing income documentation: Third Party Verification, CPA Letter; Audited or Third Party Prepared YTD P&L not provided for The Publics Adjusters or A Grade Property Restoration. | Reviewer Comment (2025-12-05): CPA letter in the file, exception cleared. Buyer Comment (2025-12-03): please see the following docs: CPL letter docs [redacted]; P&L statements docs [redacted] |
12/05/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224543183 | [Redacted] | [Redacted] | 35114200 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - Partnership | General QM: Unable to verify current Partnership status using reasonably reliable third-party records. | ATR failure due to missing income documentation: Third Party Verification, CPA Letter; Audited or Third Party Prepared YTD P&L not provided for The Publics Adjusters or A Grade Property Restoration. | Reviewer Comment (2025-12-05): CPA letter in the file, exception cleared. Buyer Comment (2025-12-03): please see the following docs: CPL letter docs [redacted]; P&L statements docs [redacted] |
12/05/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224543183 | [Redacted] | [Redacted] | 35135983 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Third Party Verification, CPA Letter; Audited or Third Party Prepared YTD P&L not provided for The Publics Adjusters or A Grade Property Restoration. | Reviewer Comment (2025-12-05): CPA letter in the file, exception cleared. Buyer Comment (2025-12-03): please see the following docs: CPL letter docs [redacted]; P&L statements docs [redacted] |
12/05/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224543183 | [Redacted] | [Redacted] | 35136224 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | ATR failure due to missing income documentation: Third Party Verification, CPA Letter; Audited or Third Party Prepared YTD P&L not provided for The Publics Adjusters or A Grade Property Restoration. | Reviewer Comment (2025-12-05): CPA letter in the file, exception cleared. Buyer Comment (2025-12-03): please see the following docs: CPL letter docs [redacted]; P&L statements docs [redacted] |
12/05/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224543183 | [Redacted] | [Redacted] | 35136233 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | ATR failure due to missing income documentation: Third Party Verification, CPA Letter; Audited or Third Party Prepared YTD P&L not provided for The Publics Adjusters or A Grade Property Restoration. | Reviewer Comment (2025-12-05): CPA letter in the file, exception cleared. Buyer Comment (2025-12-03): please see the following docs: CPL letter docs [redacted]; P&L statements docs [redacted] |
12/05/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224543229 | [Redacted] | [Redacted] | 35114614 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted]valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2025-12-11): CDA received and verified. Exception cleared. Buyer Comment (2025-12-09): cda |
12/11/2025 | No | 1 | D | A | A | A | D | A | A | D | A | TX | Primary | Refinance - Cash-out - Other | D | B | A | A | D | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224543229 | [Redacted] | [Redacted] | 35114643 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted](a)( [redacted]): Fannie Mae forms not used for closing of home equity loan. | Buyer Comment (2025-12-08): On waiver list |
12/08/2025 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | D | B | A | A | D | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224543229 | [Redacted] | [Redacted] | 35114646 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $ [redacted]is over disclosed by $ [redacted]compared to the calculated Amount Financed of $ [redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Amount financed disclosed as $ [redacted]vs actual amount of $ [redacted]. Variance of $ [redacted]caused by Title-tax certification fee. | Reviewer Comment (2025-12-08): [redacted] received LOA Buyer Comment (2025-12-05): email from title |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | A | A | D | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224543229 | [Redacted] | [Redacted] | 35114647 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $ [redacted]is under disclosed by $ [redacted]compared to the calculated Finance Charge of $ [redacted]which exceeds the $ [redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Finance charge disclosed as $ [redacted]vs actual amount of $ [redacted]. Variance of $ [redacted]caused by Title-tax certification fee. | Reviewer Comment (2025-12-08): [redacted] received LOA Buyer Comment (2025-12-05): see uploaded |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | A | A | D | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224543229 | [Redacted] | [Redacted] | 35137127 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) | [redacted] Constitution Section [redacted]: Acknowledgment of the Fair Market Value not properly executed by the Lender. | Reviewer Comment (2025-12-08): Executed acknowledgement of fair market value document received and details verified. Exception cleared. Buyer Comment (2025-12-04): disclosure |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | D | A | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | D | B | A | A | D | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||
| 224543248 | [Redacted] | [Redacted] | 35114507 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): received avm Buyer Comment (2025-12-17): Loan is not subject to the [redacted] nd appraisal requirement for a flipped property because the borrower has owned the property since [redacted]. Please cancel this condition. |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Primary | Refinance - Cash-out - Other | D | B | A | A | B | B | D | A | Non QM | Non QM | No | |||||||||||||
| 224543248 | [Redacted] | [Redacted] | 35114512 | Compliance | Compliance | State Compliance | State HPML | [redacted] Subprime Home Loan Threshold Fixed Non-Compliant | [redacted] Subprime Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [redacted]+ [redacted]%, or [redacted]%. Non-Compliant SubPrime Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is in excess of allowable threshold of Prime Mortgage Market Rate [redacted]+ [redacted]%, or [redacted]%. | Buyer Comment (2025-12-30): WAIVED per [redacted] |
12/30/2025 | No | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | No obvious cure. Cure provision under NY Subprime 6-m(7) appears to be limited to making a non-compliant NY Subprime loan into a compliant NY subprime loan with no explicit cure language permitting loan to be refunded or cured by reducing the APR to effectively bring the loan out of NY Subprime status. | D | B | A | A | B | B | D | A | Non QM | Non QM | Yes | |||||||||
| 224543281 | [Redacted] | [Redacted] | 35114139 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-02): Waive per Client's guidance |
12/02/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | C | B | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224543281 | [Redacted] | [Redacted] | 35114140 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted]valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): Cleared. received avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Primary | Refinance - Cash-out - Other | D | C | B | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224543281 | [Redacted] | [Redacted] | 35136289 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for ineligible first lien terms due to [redacted] months term, also original loan was modified twice with balloon payment added is approved. Per disposition max CLTV not to exceed [redacted]%, subject to meeting all other CES guidelines. | Borrower has been employed in the same industry for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2025-12-02): Client elects to waive with compensating factors. |
12/02/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | D | C | B | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224543281 | [Redacted] | [Redacted] | 37037290 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | NY | Primary | Refinance - Cash-out - Other | D | C | B | B | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 224554141 | [Redacted] | [Redacted] | 35116574 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted]valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): received avm Reviewer Comment (2026-07-21): . Reviewer Comment (2025-12-24): Client elects to waive. Reviewer Comment (2025-12-24): . Reviewer Comment (2025-12-02): Client elects to waive. |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | SC | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||||
| 224554141 | [Redacted] | [Redacted] | 35116578 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-01): Not required. |
12/01/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | SC | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||||
| 224554141 | [Redacted] | [Redacted] | 35116584 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Total verified income of $ [redacted], qualifying PITIA $ [redacted], Credit debt $ [redacted]and Negative REO of $ [redacted]. Data discrepancy with DTI. The reason for the discrepancy is due to Lender did not consider HELOC lien with payment of $ [redacted]for primary mortgage. |
Reviewer Comment (2025-12-22): Received updated 1008. Lender DTI matches DD DTI. Condition clared. Buyer Comment (2025-12-18): 1003 Buyer Comment (2025-12-18): 1008 |
12/22/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | SC | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||
| 224554143 | [Redacted] | [Redacted] | 35118788 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-02): Client elects to waive. |
12/02/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224554143 | [Redacted] | [Redacted] | 35118789 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-02): Client elects to waive. |
12/02/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224554143 | [Redacted] | [Redacted] | 35118790 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted] lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B | Reviewer Comment (2025-12-02): Client elects to waive. |
12/02/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224554143 | [Redacted] | [Redacted] | 35136956 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | DTI variance. Lenders DTI: [redacted]%. Review DTI: [redacted]%. Variance due to lender including "other" payment of $ [redacted]in monthly payments on 1008, however the remaining other payments is $ [redacted]. | Reviewer Comment (2025-12-12): Received revised 1008 and 1003, information validated. DTI discrepancy suffice. Exception Cleared. Buyer Comment (2025-12-11): Revised 1008 & 1003 |
12/12/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224565170 | [Redacted] | [Redacted] | 35157868 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provided: Requesting to permit a property recently listed for sale. Condition for Max [redacted]% LTV/CLTV, Max [redacted]% DTI, Proof YTD income is stable/in line with [redacted], Evidence subject property is no longer listed. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Occupancy: [redacted] Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-30): Client elects to waive with compensating factors. Buyer Comment (2025-12-29): Please see attached listing withdraw letter Reviewer Comment (2025-12-22): Per lender exception approval, evidence the property has been de-listed was required. This was not located in the file. Buyer Comment (2025-12-18): Please see attached exception approval and advise if anything else is needed to clear this condition. Reviewer Comment (2025-12-05): Unable to waive and downgrade dur to LTC over [redacted]. |
12/30/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | NV | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224565170 | [Redacted] | [Redacted] | 35157877 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2025-12-29): AVM provided and cleared. Buyer Comment (2025-12-29): Please see attached supported AVM |
12/29/2025 | No | 1 | N/A | A | A | A | N/A | A | A | A | NV | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 224565170 | [Redacted] | [Redacted] | 35157879 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-30): Client elects to waive. Buyer Comment (2025-12-29): Please see attached supported AVM |
12/30/2025 | No | 2 | A | A | A | A | A | A | B | B | NV | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224565170 | [Redacted] | [Redacted] | 35168173 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Lender exception in file limiting CLTV to Max [redacted]%. | Reviewer Comment (2025-12-22): Outstanding principal Balance corrected in Note screen. LTV within guideline limit. Exception cleared. Buyer Comment (2025-12-18): CLTV is [redacted] so there is no violation. Math: [redacted] Subject loan + $[redacted] [redacted] st Lien = [redacted] TOTAL / [redacted] Appraised value = [redacted] CLTV |
12/22/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224565234 | [Redacted] | [Redacted] | 35130584 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted]valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2025-12-09): received CDA. Buyer Comment (2025-12-05): avm |
12/09/2025 | No | 1 | D | A | A | A | D | A | A | D | A | TX | Primary | Refinance - Cash-out - Other | D | B | A | A | D | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224565234 | [Redacted] | [Redacted] | 35130640 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) | [redacted]Constitution Section [redacted] Acknowledgment of the Fair Market Value not properly executed by the Lender. | Acknowledgment of the Fair Market Value document is not executed by the Lender. | Reviewer Comment (2025-12-11): Disclosure provided signed but not dated by the lender. Buyer Comment (2025-12-09): The disclosure does not need a date on it as there is no place for it. Reviewer Comment (2025-12-09): Provided disclosure is signed but not dated by lender. Please provided signed and dated by lender disclosure. Buyer Comment (2025-12-05): disclosure |
12/11/2025 | No | 1 | C | A | C | A | C | A | C | A | D | A | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | D | B | A | A | D | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224565234 | [Redacted] | [Redacted] | 35130642 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Itemization of Points and Fees Not Provided At Least 1 Business Day Prior to Closing - No Waiver) | [redacted]Constitution Section [redacted]: Final itemized disclosure of fees, points, costs and charges not provided to borrower at least [redacted]business day prior to closing without a waiver. | Final itemized disclosure of fees, points, costs and charges not provided to borrower at least [redacted]business day prior to closing without a waiver. | Reviewer Comment (2025-12-09): CD was provided [redacted] day prior to closing. Buyer Comment (2025-12-05): cd |
12/09/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | D | B | A | A | D | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224565234 | [Redacted] | [Redacted] | 35202096 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Provided) | Unable to test fair market acknowledgment due to missing information. | The date that lender signed is required. | Reviewer Comment (2026-01-14): Cure documentation received. Buyer Comment (2026-01-12): label Buyer Comment (2026-01-12): lox Reviewer Comment (2026-01-09): Loan file now contains a copy of the AFMV signed by the lender (previously only one signed by borrower was in file). In order to cure the violation to EV2-B, this completed AFMV must be provided to borrower. Missing LOE to borrower to accompany the lender signed AFMV and proof of mailing. Reviewer Comment (2026-01-07): Fair Market acknowledgement document lender signature with date missing. Exception remains. Buyer Comment (2026-01-05): [redacted] form Reviewer Comment (2025-12-23): Citing escalated: Response: In order to determine whether there should be an exception for missing lender signature on the AFMV disclosure, we would need evidence of when the lender signed the disclosure. If the lender signed the disclosure post consummation, this would be considered a cure document and the exception would be eligible to be cured to [redacted] with an LOE and proof of mailing. Note that the AFMV signed by the lender was received as a trailing doc and was not part of the original file, raising added uncertainty about whether it was signed pre-consummation or post-consummation by the lender. As noted previously, the proposed resolution would be to consider the disclosure as not signed by the lender (uncheck the lender signature box), set the exception for missing lender's signature, then request an LOE and proof of mailing of the disclosure that was signed by the lender to cure the exception to [redacted]. In addition, this is not one of the exceptions that requires the [redacted] refund. We can accept it as a cure document, it just needs the LOE and proof of mailing/delivery to go along with it. |
01/14/2026 | No | 2 | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | D | B | A | A | D | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||||
| 224573483 | [Redacted] | [Redacted] | 35135904 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-02): Waive per Client's guidance |
12/02/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224573483 | [Redacted] | [Redacted] | 35135905 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-02): Waive per Client's guidance |
12/02/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | AZ | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||||||
| 224573483 | [Redacted] | [Redacted] | 35135906 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-09): Client elect to waive. Buyer Comment (2025-12-05): PC Cert |
12/09/2025 | No | 2 | A | A | A | A | A | A | B | B | AZ | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||||
| 224573485 | [Redacted] | [Redacted] | 35136587 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-02): Client elects to waive. |
12/02/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224573485 | [Redacted] | [Redacted] | 35136652 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted](a)([redacted]): Fannie Mae forms not used for closing of home equity loan. | [redacted] form is not used in closing of loan. | Buyer Comment (2025-12-10): pre approved waiver list |
12/10/2025 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| 224573505 | [Redacted] | [Redacted] | 35133909 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-02): Client elects to waive. |
12/02/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | HI | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224573505 | [Redacted] | [Redacted] | 35133946 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for [redacted]% LTV vs guideline max of [redacted]% is approved. Per disposition, max [redacted]% CLTV, cannot be considered a high-cost loan. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-12-02): Client elects to waive with compensating factors. |
12/02/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | HI | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 224573505 | [Redacted] | [Redacted] | 35147157 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Tax, insurance verification not provided for property located at [redacted]. | Reviewer Comment (2025-12-30): REO property address does not belongs to borrower, Information re-validated, Exception Cleared. Buyer Comment (2025-12-29): Please advise where you are seeing [redacted] as being associated with the borrower |
12/30/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224573505 | [Redacted] | [Redacted] | 35147330 | Compliance | Missing Document | General | Missing Document | Incomplete Document: Right to Cancel (RTC) is incomplete | The subject property was owner occupied at the time of closing. Loan transaction would require and rescission period. | Reviewer Comment (2026-01-08): Document provided Buyer Comment (2026-01-07): The borrowers were in the process of purchasing a new primary residence which closed after the subject loan. The classification of the subject property as an investment property is correct, so no RTC form is needed. Please see attached docs supporting the purchase of a new primary residence. Reviewer Comment (2025-12-31): File was escalated regarding the borrower living in the subject at the time of closing. Worse case scenario, a RTC should have been provided. Buyer Comment (2025-12-29): The subject loan was underwritten and approved as an investment property, so a Right of Recission period is not required. |
01/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224573505 | [Redacted] | [Redacted] | 35147334 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing a signed/dated close out letter for the Heloc paid at closing. | Reviewer Comment (2025-12-30): Received HELOC Payoff letter signed and dated. Exception Cleared. Buyer Comment (2025-12-29): Please see attached payoff letter for HELOC |
12/30/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224573505 | [Redacted] | [Redacted] | 35147339 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing evidence of borrower's mortgage information. The 1008 indicates there is a new mortgage for the primary residence. Please provide the final CD and any additional property expenses. | Reviewer Comment (2026-01-08): Document provided Buyer Comment (2026-01-07): The borrowers were in the process of purchasing a new primary residence which closed after the subject loan. Please see attached docs supporting the purchase of a new primary residence. |
01/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224573505 | [Redacted] | [Redacted] | 35147341 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Lender exception approval | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-12-02): Client elects to waive with compensating factors. |
12/02/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | HI | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 224573505 | [Redacted] | [Redacted] | 35147364 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Failure due to DTI | Reviewer Comment (2026-01-12): updated 1008 Buyer Comment (2026-01-09): See [redacted] Reviewer Comment (2026-01-08): Bid Tape Investor Qualifying Total Debt Ratio: [redacted] . Need updated 1008 Buyer Comment (2026-01-07): The borrowers were in the process of purchasing a new primary residence which closed after the subject loan. This is what the 1008 notes were referring to. Please see attached docs supporting the purchase of a new primary residence. |
01/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224573505 | [Redacted] | [Redacted] | 35334751 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - Not High Cost and Not Higher Priced | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). | File was escalated regarding the borrower living in the subject at the time of closing. Worse case scenario, a RTC should have been provided. | Reviewer Comment (2026-01-12): updated 1008 Buyer Comment (2026-01-09): See [redacted] Reviewer Comment (2026-01-08): Bid Tape Investor Qualifying Total Debt Ratio: [redacted] . Need updated 1008 Buyer Comment (2026-01-07): The borrowers were in the process of purchasing a new primary residence which closed after the subject loan. The classification of the subject property as an investment property is correct, so no RTC form is needed. Please see attached docs supporting the purchase of a new primary residence. |
01/12/2026 | No | 1 | A | A | A | A | A | HI | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||||||
| 224573505 | [Redacted] | [Redacted] | 35334752 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Originator Loan Designation Info Not Provided | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation not provided. | File was escalated regarding the borrower living in the subject at the time of closing. Worse case scenario, a RTC should have been provided. | Reviewer Comment (2026-01-12): 1008 provided Buyer Comment (2026-01-09): See [redacted] Reviewer Comment (2026-01-08): Bid Tape Investor Qualifying Total Debt Ratio: [redacted] . Need updated 1008 Buyer Comment (2026-01-07): The borrowers were in the process of purchasing a new primary residence which closed after the subject loan. The classification of the subject property as an investment property is correct, so no RTC form is needed. Please see attached docs supporting the purchase of a new primary residence. |
01/12/2026 | No | 1 | A | A | A | A | A | HI | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||||||
| 224573505 | [Redacted] | [Redacted] | 35480392 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy - DTI | Reviewer Comment (2026-01-23): Provided 1008 DTI match with calculated DTI. Buyer Comment (2026-01-21): UPDATED 1008 |
01/23/2026 | No | 1 | A | A | A | A | A | HI | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 224573520 | [Redacted] | [Redacted] | 35137573 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | Reviewer Comment (2025-12-08): Property condition inspection report received, exception cleared. Buyer Comment (2025-12-04): pci |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224573520 | [Redacted] | [Redacted] | 35137597 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2025-12-08): Document provided Buyer Comment (2025-12-04): please see DOC ID [redacted] |
12/08/2025 | No | 1 | N/A | A | A | A | N/A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 224573520 | [Redacted] | [Redacted] | 35137601 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted] lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-08): Client elects to waive. Buyer Comment (2025-12-04): please see DOC ID [redacted] |
12/08/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224573520 | [Redacted] | [Redacted] | 35137625 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | VOE not provided in file. | Reviewer Comment (2025-12-08): [redacted]party employer verification document received, exception cleared. Buyer Comment (2025-12-04): vvoe |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224573520 | [Redacted] | [Redacted] | 35137626 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted]business days of the Note. | - | VOE not provided in file. | Reviewer Comment (2025-12-08): [redacted]party employer verification document received, exception cleared. Buyer Comment (2025-12-04): see uploaded |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224573520 | [Redacted] | [Redacted] | 35138268 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | VOE not provided in file. | Reviewer Comment (2025-12-08): [redacted]party employer verification document received, exception cleared. Buyer Comment (2025-12-04): see uploaded |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224573520 | [Redacted] | [Redacted] | 35138377 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | ATR risk due to missing income documentation; VOE not provided in file. | Reviewer Comment (2025-12-08): [redacted]party employer verification document received, exception cleared. Buyer Comment (2025-12-04): see uploaded |
12/08/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224573520 | [Redacted] | [Redacted] | 35138378 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | ATR risk due to missing income documentation; VOE not provided in file. | Reviewer Comment (2025-12-08): [redacted]party employer verification document received, exception cleared. Buyer Comment (2025-12-04): see uploaded |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224573520 | [Redacted] | [Redacted] | 35142126 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | ATR risk due to missing income documentation; VOE not provided in file. | Reviewer Comment (2025-12-08): [redacted]party employer verification document received, exception cleared. Buyer Comment (2025-12-04): see uploaded |
12/08/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224573615 | [Redacted] | [Redacted] | 35147473 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-03): Client elects to waive. |
12/03/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224573615 | [Redacted] | [Redacted] | 35149895 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to use month to month rental agreement for non-subject property as part of borrower income. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has worked in the same position for more than [redacted] years. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-03): Client elects to waive with compensating factors. |
12/03/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224573615 | [Redacted] | [Redacted] | 35151468 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the [redacted] form should have been used. | Loan transaction paid off a lender to lender mortgage. The H8 RTC form was used, however the H9 RTC form should have been used. Please provide the corrected RTC with a new rescission period (does not need to be signed), letter to borrower explaining the issue and the mailing label. Borrower must receive the Corrected package at least 3 business days prior to the new expiration date on the corrected RTC. | Reviewer Comment (2025-12-19): Correct RTC form received. Exception cleared. Buyer Comment (2025-12-17): RTC |
12/19/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | B | B | B | B | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224573630 | [Redacted] | [Redacted] | 35137211 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage statement not provided for property located at [redacted]. | Reviewer Comment (2025-12-22): Closing disclosure received. updated 1008 received and DTI within guideline limit. Exception cleared. Buyer Comment (2025-12-18): ooops! here ya go! Reviewer Comment (2025-12-18): Require revised 1008 to reflect DTI [redacted] as it got increased by [redacted] using PITI [redacted] as per provided closing disclosure. Exception Remains. Buyer Comment (2025-12-16): rev 1008 & 1003 with reo piti updated to [redacted] Reviewer Comment (2025-12-10): Provided closing disclosure has higher PITIA of [redacted], final 1003 shows PITIA of [redacted], updating current value will increase the DTI by [redacted]. Please provide updated 1003 and 1008 reflecting the DTI change. Exception Remains. Buyer Comment (2025-12-08): [redacted]- no mortgage statement available, loan just closed on [redacted]. copy of that final cd attached |
12/22/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224573630 | [Redacted] | [Redacted] | 35191279 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Provided closing disclosure has higher PITIA of $[redacted], final 1003 shows PITIA of $[redacted], updating current value will increase the DTI by [redacted]%. Please provide updated 1003 and 1008 reflecting the DTI change. Exception Remains. | Reviewer Comment (2025-12-22): Closing disclosure received. Updated 1008 received and DTI within guideline limit. Exception cleared. Reviewer Comment (2025-12-18): Require revised 1008 to reflect DTI [redacted] as it got increased by [redacted] using PITI [redacted] as per provided closing disclosure. Exception Remains. Buyer Comment (2025-12-16): rev 1008 & 1003 with reo piti updated to [redacted] |
12/22/2025 | No | 1 | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||||||
| 224573632 | [Redacted] | [Redacted] | 35152822 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-05): Client elects to waive. |
12/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224573632 | [Redacted] | [Redacted] | 35152870 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Reviewer Comment (2026-03-09): Cleared. Received post closing VVOE. Reviewer Comment (2026-02-16): Guideline requires verification of employment within [redacted] business days of note date. Provided verification of employment for co-borrower is post note date which does not meet the requirement. Exception remains Buyer Comment (2026-02-13): Please review uploaded VVOE for [redacted] and clear finding Reviewer Comment (2026-02-05): As per guideline: section [redacted] of the signature closed end [redacted] lien Salaried Applicants (W-2 Employed) - Reflects Verification of employment dated within [redacted] days of the note date must be completed. Provided verification of employment is post note date. Required verification of employment within [redacted] business days of note date for co-borrower's wage income "[redacted]". Exception remains. Buyer Comment (2026-02-03): Correct VOE uploaded to prior condition Reviewer Comment (2026-01-20): Require VVOE document of Co-borrower "[redacted] " for employment "[redacted] " within [redacted] business days of Note date, as provided VVOE documents belongs to borrower instead of co-borrower. Exception Remains. Buyer Comment (2026-01-15): Uploaded in prior condition, please review and clear |
03/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224573632 | [Redacted] | [Redacted] | 35152871 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Reviewer Comment (2026-03-09): Cleared. Received post closing VVOE. Reviewer Comment (2026-02-16): Guideline requires verification of employment within [redacted] business days of note date. Provided verification of employment for co-borrower is post note date which does not meet the requirement. Exception remains Buyer Comment (2026-02-13): Please review uploaded VVOE for [redacted] and clear finding Reviewer Comment (2026-02-05): As per guideline: section [redacted] of the signature closed end [redacted] lien Salaried Applicants (W-2 Employed) - Reflects Verification of employment dated within [redacted] days of the note date must be completed. Provided verification of employment is post note date. Required verification of employment within [redacted] business days of note date for co-borrower's wage income "[redacted]". Exception remains. Buyer Comment (2026-02-03): Correct VOE uploaded to prior condition Reviewer Comment (2026-01-20): Require VVOE document of Co-borrower "[redacted] " for employment "[redacted] " within [redacted] business days of Note date, as provided VVOE documents belongs to borrower instead of co-borrower. Exception Remains. Buyer Comment (2026-01-15): Uploaded in prior condition, please review and clear |
03/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224573632 | [Redacted] | [Redacted] | 35152889 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall exception due to missing VVOE for co-borrower's current employment within 10 business days of Note date. | Reviewer Comment (2026-03-09): Cleared. Received post closing VVOE. Reviewer Comment (2026-02-16): Guideline requires verification of employment within [redacted] business days of note date. Provided verification of employment for co-borrower is post note date which does not meet the requirement. Exception remains Buyer Comment (2026-02-13): Please review uploaded VVOE for [redacted] and clear finding Reviewer Comment (2026-02-05): As per guideline: section [redacted] of the signature closed end [redacted] lien Salaried Applicants (W-2 Employed) - Reflects Verification of employment dated within [redacted] days of the note date must be completed. Provided verification of employment is post note date. Required verification of employment within [redacted] business days of note date for co-borrower's wage income "[redacted]". Exception remains. Buyer Comment (2026-02-03): Correct VOE uploaded to prior condition Reviewer Comment (2026-01-20): Require VVOE document of Co-borrower "[redacted] " for employment "[redacted] " within [redacted] business days of Note date, as provided VVOE documents belongs to borrower instead of co-borrower. Exception Remains. Buyer Comment (2026-01-15): Uploaded in prior condition, please review and clear |
03/09/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | OH | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224573632 | [Redacted] | [Redacted] | 35152893 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | VVOE within [redacted] business days of Note date is missing for Co-borrower's current employment. | Reviewer Comment (2026-03-09): Cleared. Received post closing VVOE. Reviewer Comment (2026-02-16): Guideline requires verification of employment within [redacted] business days of note date. Provided verification of employment for co-borrower is post note date which does not meet the requirement. Exception remains Buyer Comment (2026-02-13): Please review uploaded VVOE for [redacted] and clear finding Reviewer Comment (2026-02-05): As per guideline: section [redacted] of the signature closed end [redacted] lien Salaried Applicants (W-2 Employed) - Reflects Verification of employment dated within [redacted] days of the note date must be completed. Provided verification of employment is post note date. Required verification of employment within [redacted] business days of note date for co-borrower's wage income "[redacted]". Exception remains. Buyer Comment (2026-02-03): Correct VOE uploaded to prior condition Reviewer Comment (2026-01-20): Require VVOE document of Co-borrower "[redacted] " for employment "[redacted] " within [redacted] business days of Note date, as provided VVOE documents belongs to borrower instead of co-borrower. Exception Remains. Buyer Comment (2026-01-15): Uploaded in prior condition, please review and clear |
03/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224573632 | [Redacted] | [Redacted] | 35152894 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | VVOE within [redacted] business days of Note date is missing for Co-borrower's current employment. | Reviewer Comment (2026-03-09): Cleared. Received post closing VVOE Reviewer Comment (2026-02-16): Guideline requires verification of employment within [redacted] business days of note date. Provided verification of employment for co-borrower is post note date which does not meet the requirement. Exception remains Buyer Comment (2026-02-13): VVOE - B2 Reviewer Comment (2026-02-05): As per guideline: section [redacted] of the signature closed end [redacted] lien Salaried Applicants (W-2 Employed) - Reflects Verification of employment dated within [redacted] days of the note date must be completed. Provided verification of employment is post note date. Required verification of employment within [redacted] business days of note date for co-borrower's wage income "[redacted]". Exception remains. Buyer Comment (2026-02-03): VOE - [redacted] Reviewer Comment (2026-01-20): Require VVOE document of Co-borrower "[redacted] " for employment "[redacted] " within [redacted] business days of Note date, as provided VVOE documents belongs to borrower instead of co-borrower. Exception Remains. Buyer Comment (2026-01-15): B2 - VOE |
03/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224574417 | [Redacted] | [Redacted] | 35157211 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-05): Client elects to waive. |
12/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224574417 | [Redacted] | [Redacted] | 35157240 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Tax Verification not provided for property located at [redacted]. | Reviewer Comment (2026-01-05): [redacted] is a co-op therefore No tax. Exception cleared. Buyer Comment (2025-12-31): [redacted] is a co-op, so there is no tax bill. The maintenance bill is in the file and is the only additional property-related charge other than insurance |
01/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224574417 | [Redacted] | [Redacted] | 35157264 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Complete credit report not provided in file. | Reviewer Comment (2026-01-05): Complete set of credit report received and verified. Exception cleared. Buyer Comment (2025-12-31): Please see attached credit report with FICO scores Reviewer Comment (2025-12-23): The referenced document is a mortgage only credit report with no FICO score available, provide complete credit report having the FICO score. Exception remains. Buyer Comment (2025-12-19): Please see [redacted] for Credit Report |
01/05/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224574417 | [Redacted] | [Redacted] | 35157282 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Complete credit report not provided in file. | Reviewer Comment (2026-01-05): FICO details updated from Credit report received. Exception cleared. Buyer Comment (2025-12-31): Please see attached credit report with FICO scores Reviewer Comment (2025-12-11): Provided Credit Report Doc ID [redacted] is not reflect FICO scores. Credit Report with FICO scores is required to clear the condition. Exception remains. Buyer Comment (2025-12-09): Applicant only has two scores: [redacted] and [redacted]- [redacted] used the lower score of [redacted] correctly. Buyer Comment (2025-12-09): This is a Bank Statement "[redacted]" loan - Buyer Comment (2025-12-09): Please see attached rebuttal docs for FICO discrepancy. |
01/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224574433 | [Redacted] | [Redacted] | 35157236 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-12-15): Received final title. |
12/15/2025 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224574433 | [Redacted] | [Redacted] | 35157237 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-05): Client elects to waive. |
12/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224574433 | [Redacted] | [Redacted] | 35157268 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Coverage amount provided on preliminary title is insufficient. Coverage amount: $[redacted]. Loan amount: $[redacted]. Coverage shortfall: $[redacted]. | Reviewer Comment (2025-12-15): Cleared. Received final title. Buyer Comment (2025-12-12): See attached Title Policy reflecting the necessary coverage |
12/15/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224574504 | [Redacted] | [Redacted] | 35157296 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-05): Client elects to waive. |
12/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224574954 | [Redacted] | [Redacted] | 35157494 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-05): Client elects to waive. |
12/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Home Improvement | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224575220 | [Redacted] | [Redacted] | 35157491 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-05): Client elects to waive. |
12/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224575220 | [Redacted] | [Redacted] | 35157492 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-05): Client elects to waive. |
12/05/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||||||
| 224575220 | [Redacted] | [Redacted] | 35157493 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or [redacted] interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-16): Client elects to waive. Buyer Comment (2025-12-15): please see doc [redacted] . AVM report dated [redacted] |
12/16/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||||
| 224575230 | [Redacted] | [Redacted] | 35250679 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-18): waived |
12/18/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224575230 | [Redacted] | [Redacted] | 35269106 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Missing Document: Note - Subordinate Lien not provided | Documentation for solar panel lien is missing from the file. | Reviewer Comment (2026-01-06): [redacted]Statement and Subordination agreement received and verified. Exception cleared. Buyer Comment (2026-01-05): Subordination Agreement - [redacted] |
01/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 224575230 | [Redacted] | [Redacted] | 35269121 | Credit | Note | Document Error | Note | Missing Documentation: Complete non-subject financing information was not found in file. | - | Loan Agreement providing original loan amount, interest rate, and closing date is not provided in the file. | Reviewer Comment (2026-01-06): Statement and Subordination agreement received and verified. Exception cleared. Buyer Comment (2026-01-05): [redacted]Statement |
01/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 224575262 | [Redacted] | [Redacted] | 35157217 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted] lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-12): Client elects to waive. Buyer Comment (2025-12-11): AVM |
12/12/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | A | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224575262 | [Redacted] | [Redacted] | 35157218 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-05): Client elects to waive. |
12/05/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | B | B | B | A | A | A | B | B | Non QM | Non QM | No | |||||||||||||||
| 224575262 | [Redacted] | [Redacted] | 35157219 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-05): Client elects to waive. |
12/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | B | B | A | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224575262 | [Redacted] | [Redacted] | 35157235 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. | Reviewer Comment (2025-12-12): Title policy amount updated from received document. Exception cleared. Buyer Comment (2025-12-11): title policy amount confirmation |
12/12/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | B | B | A | A | A | B | B | Non QM | Non QM | No | |||||||||||
| 224581465 | [Redacted] | [Redacted] | 35161075 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-05): Client elects to waive. |
12/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224581465 | [Redacted] | [Redacted] | 35161077 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-05): Client elects to waive. |
12/05/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | SC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224581825 | [Redacted] | [Redacted] | 35164032 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted] valuation from subject transaction is missing. . Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-21): received avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224582083 | [Redacted] | [Redacted] | 35163246 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-05): Client elects to waive. |
12/05/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224588634 | [Redacted] | [Redacted] | 35165010 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-09): waived |
12/09/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224607008 | [Redacted] | [Redacted] | 35167580 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Guideline required FICO score of [redacted] however Representative FICO score of [redacted] | Reviewer Comment (2025-12-17): Fico Score re-validated as per available guidelines. Exception Cleared. Buyer Comment (2025-12-15): Per program guidelines minimum fico score is [redacted] for full doc transactions. |
12/17/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | Non QM | Non QM | No | |||||||||||
| 224607008 | [Redacted] | [Redacted] | 35167604 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No secondary appraisal or [redacted] interior appraisal required | Reviewer Comment (2025-12-09): Client elects to waive. |
12/09/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | Non QM | Non QM | No | ||||||||||||||
| 224607008 | [Redacted] | [Redacted] | 35167606 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization [redacted]. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2025-12-17): waived Buyer Comment (2025-12-15): Please clarify or clear. No secondary appraisal or hybrid interior appraisal required. |
12/17/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224607008 | [Redacted] | [Redacted] | 35167628 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-09): Waive |
12/09/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224607008 | [Redacted] | [Redacted] | 35183350 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request Borrower has [redacted] mtg late (within most recent [redacted] months, [redacted] | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-09): Lender Exception with Compensating Factors provided. |
12/09/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | Non QM | Non QM | No | ||||||||
| 224607019 | [Redacted] | [Redacted] | 35166226 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-09): Waived |
12/09/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | OR | Primary | Refinance - Cash-out - Other | C | A | A | A | A | A | C | A | Non QM | Non QM | No | ||||||||||||
| 224607019 | [Redacted] | [Redacted] | 35166230 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Appraisal/AVM was provided. The supporting [redacted] valuation is missing. | Reviewer Comment (2025-12-23): Collateral Desktop Analysis (CDA) received. Details verified and updated. Exception cleared. Buyer Comment (2025-12-19): Please see attached CDA to support value. |
12/23/2025 | No | 1 | C | A | A | A | C | A | A | C | A | OR | Primary | Refinance - Cash-out - Other | C | A | A | A | A | A | C | A | Non QM | Non QM | No | ||||||||||||
| 224607019 | [Redacted] | [Redacted] | 35294692 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-29): [redacted] valuations were obtained. Condition cleared. Buyer Comment (2025-12-24): Please explain if you are needing something addition or clear. Thank you. |
12/29/2025 | No | 1 | A | A | A | A | A | OR | Primary | Refinance - Cash-out - Other | C | A | A | A | A | A | C | A | Non QM | Non QM | No | ||||||||||||||||
| 224612549 | [Redacted] | [Redacted] | 35167584 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Appraisal or hybrid appraisal not provided. | Reviewer Comment (2025-12-09): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for[redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "[redacted]" |
12/09/2025 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224612549 | [Redacted] | [Redacted] | 35167588 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation not provided. | Reviewer Comment (2025-12-09): Client elects to waive. |
12/09/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 224612549 | [Redacted] | [Redacted] | 35167589 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-09): Waived |
12/09/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224614186 | [Redacted] | [Redacted] | 35250946 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-18): waived |
12/18/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | NV | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224614186 | [Redacted] | [Redacted] | 35250947 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2025-12-18): Waived |
12/18/2025 | No | 2 | A | A | A | A | A | A | B | B | NV | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224614186 | [Redacted] | [Redacted] | 35250949 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-18): waived |
12/18/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224614186 | [Redacted] | [Redacted] | 35269677 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | Note Date [redacted] , borrower signed [redacted] however Co borrower signed [redacted] File will require a new RTC, letter to borrower, mailing label. The borrower must have at least [redacted]business days from the date of receipt of the package to the rescission ending period. | Reviewer Comment (2025-12-26): Updated RTC received. Exception cleared. Buyer Comment (2025-12-24): rev rtc, lox and [redacted] label. new rescission date of [redacted] Buyer Comment (2025-12-23): please disregard... wrong file.. :( :( Buyer Comment (2025-12-23): per guidelines Section [redacted] Disputed Accounts: disputed accounts may be left in dispute at the underwriters discretion |
12/26/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224614186 | [Redacted] | [Redacted] | 35308347 | Compliance | Compliance | Federal Compliance | TILA | TILA Notice of Right to Cancel Expiration Date greater than Deal Start Date. | Rescission expiration date provided by lender on Notice of Right to Cancel has not expired as of time of review. | Recession expiration period is future dated. | Reviewer Comment (2026-01-06): Rescission expiration date provided by lender on Notice of Right to Cancel has not expired as of now. Exception cleared. Buyer Comment (2026-01-02): rev [redacted] and proof of delivery. delivered on [redacted], new rescission date of [redacted]. |
01/06/2026 | No | 1 | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224618856 | [Redacted] | [Redacted] | 35172604 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-09): Waived. |
12/09/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224618856 | [Redacted] | [Redacted] | 35172605 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-09): Client elects to waive. |
12/09/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224618856 | [Redacted] | [Redacted] | 35172607 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-09): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] . [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
12/09/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224619033 | [Redacted] | [Redacted] | 35172465 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-09): Waive |
12/09/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Exempt from ATR | No | ||||||||||||
| 224619033 | [Redacted] | [Redacted] | 35172536 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for Sig Closed End Second Section [redacted]: Properties recently listed for sae within the last [redacted]months preceding the loan's application date are ineligible. Loan term is requesting an exception to the guideline, as the borrower canceled the listing on the subject property [redacted] with an application date of [redacted]. The borrower's original intention to sell their current residence. They then decided to not sell their home and utilize the equity as a source of DP. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Documentation Type: [redacted] Disposable Income: $[redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-01-07): Client elects to waive with compensating factors. Buyer Comment (2026-01-06): please clarify as our assessment results in sufficient compensating factors to clear condition. thanks! Reviewer Comment (2025-12-09): Unable to downgrade/waive due to missing sufficient lender compensating factors. |
01/07/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | MA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Exempt from ATR | No | ||||||||
| 224619033 | [Redacted] | [Redacted] | 35172623 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted]business days of the Note. | - | Reviewer Comment (2026-01-06): Verification of employment received within [redacted] business days of note, exception cleared. Buyer Comment (2026-01-02): closing voe |
01/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Exempt from ATR | No | |||||||||||
| 224619033 | [Redacted] | [Redacted] | 35172624 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted]business days of the Note. | - | Reviewer Comment (2026-01-06): Verification of employment received within [redacted] business days of note, exception cleared. Buyer Comment (2026-01-02): closing voe |
01/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Exempt from ATR | No | |||||||||||
| 224628966 | [Redacted] | [Redacted] | 35176663 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope as second lien | Reviewer Comment (2025-12-29): Client elects to waive. |
12/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224635810 | [Redacted] | [Redacted] | 35180969 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted]is over disclosed by $[redacted]compared to the calculated Amount Financed of $[redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Amount financed disclosed is $[redacted]. Calculated amount financed is $[redacted]. Variance of $[redacted]. | Reviewer Comment (2025-12-23): [redacted] received LOA Buyer Comment (2025-12-22): Rebuttal |
12/23/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | A | A | C | A | B | B | Non QM | Non QM | Yes | |||||||||
| 224635810 | [Redacted] | [Redacted] | 35180970 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Finance charge disclosed is $[redacted]. Calculated finance charge is $[redacted]. Variance of -$[redacted]. | Reviewer Comment (2025-12-23): [redacted] received LOA Buyer Comment (2025-12-22): Rebuttal |
12/23/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | A | A | C | A | B | B | Non QM | Non QM | Yes | |||||||||
| 224635810 | [Redacted] | [Redacted] | 35180993 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-10): Waived |
12/10/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224635810 | [Redacted] | [Redacted] | 35180994 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-10): Waived. |
12/10/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Non QM | Non QM | No | |||||||||||||||
| 224635810 | [Redacted] | [Redacted] | 35180995 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-10): Client elects to wavie Reviewer Comment (2025-12-10): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
12/10/2025 | No | 2 | A | A | A | A | A | A | B | B | CO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Non QM | Non QM | No | |||||||||||||
| 224635827 | [Redacted] | [Redacted] | 35181196 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-10): Client elects to waive. Reviewer Comment (2025-12-10): "AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
12/10/2025 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224635827 | [Redacted] | [Redacted] | 35181197 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-10): waive |
12/10/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224635827 | [Redacted] | [Redacted] | 35181198 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-10): Waive. |
12/10/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224635827 | [Redacted] | [Redacted] | 35181204 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | The property is located in a FEMA disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [redacted] declared end date. | Reviewer Comment (2025-12-19): Property inspection date updated. Exception cleared. Buyer Comment (2025-12-17): [redacted] Cert |
12/19/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224635827 | [Redacted] | [Redacted] | 35181212 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Waterfall due to P&L statement is not prepared by third party and does not cover [redacted]months period. | Reviewer Comment (2026-01-02): Income type updated correctly, exception cleared. Buyer Comment (2025-12-30): [redacted] Cert submitted Reviewer Comment (2025-12-19): CPA, [redacted], or licensed tax preparer prepared profit and loss statement covering the most recent [redacted]-month period is required as per guideline. Exception remains. Buyer Comment (2025-12-17): [redacted] Cert submitted |
01/02/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224635827 | [Redacted] | [Redacted] | 35181213 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM - P&L Statement Only Guidelines Number of Months P&L Requirement not met | General QM: The number of months covered by the provided P&L Statement(s) was fewer than the number of months required by the guidelines. | Available P&L statement is of [redacted]months instead of [redacted]months. | Reviewer Comment (2026-01-02): Income type updated correctly, exception cleared. Buyer Comment (2025-12-30): [redacted] Cert submitted Reviewer Comment (2025-12-19): CPA, [redacted], or licensed tax preparer prepared profit and loss statement covering the most recent [redacted]-month period is required as per guideline. Exception remains. Buyer Comment (2025-12-17): [redacted] Cert submitted |
01/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224635827 | [Redacted] | [Redacted] | 35181214 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM - P&L Statement Only Guidelines Third Party Preparation Requirement not met | General QM: P&L Statement(s) used to qualify were not prepared by a third party. | P&L statement is not prepared by third party. | Reviewer Comment (2026-01-02): Income type updated correctly, exception cleared. Buyer Comment (2025-12-30): [redacted] Cert submitted Reviewer Comment (2025-12-19): CPA, [redacted], or licensed tax preparer prepared profit and loss statement covering the most recent [redacted]-month period is required as per guideline. Exception remains. Buyer Comment (2025-12-17): [redacted] Cert submitted |
01/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224635827 | [Redacted] | [Redacted] | 35181704 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to P&L statement is not prepared by third party and does not cover [redacted]months period. | Reviewer Comment (2026-01-02): Income type updated correctly, exception cleared. Buyer Comment (2025-12-30): [redacted] Cert submitted Reviewer Comment (2025-12-19): CPA, [redacted], or licensed tax preparer prepared profit and loss statement covering the most recent [redacted]-month period is required as per guideline. Exception remains. Buyer Comment (2025-12-17): [redacted] Cert submitted |
01/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224635827 | [Redacted] | [Redacted] | 35196348 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Reviewer Comment (2026-01-02): Income type updated correctly, exception cleared. Buyer Comment (2025-12-30): [redacted] Cert submitted Reviewer Comment (2025-12-19): CPA, [redacted], or licensed tax preparer prepared profit and loss statement covering the most recent [redacted]-month period is required as per guideline. Exception remains. Buyer Comment (2025-12-17): [redacted] Cert submitted |
01/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224635827 | [Redacted] | [Redacted] | 35196351 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Please provide [redacted]months P&L. | Reviewer Comment (2026-01-02): Income type updated correctly, exception cleared. Buyer Comment (2025-12-30): PC Cert Reviewer Comment (2025-12-19): CPA, [redacted], or licensed tax preparer prepared profit and loss statement covering the most recent [redacted]-month period is required as per guideline. Exception remains. Buyer Comment (2025-12-17): [redacted] Cert |
01/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224661078 | [Redacted] | [Redacted] | 35198661 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-17): Client elects to waive. |
12/17/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Home Improvement | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224661078 | [Redacted] | [Redacted] | 35198662 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-17): Client elects to waive. |
12/17/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Home Improvement | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224661078 | [Redacted] | [Redacted] | 35198663 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-17): Client elects to waive. |
12/17/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Home Improvement | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224661078 | [Redacted] | [Redacted] | 35198670 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-9 form was used, the H-8 form should have been used. | Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-9 form was used, the H-8 form should have been used. | Reviewer Comment (2025-12-23): Corrected Right to cancel form received and details updated. Exception cleared. Buyer Comment (2025-12-19): New RTC and receipt |
12/23/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Home Improvement | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224661173 | [Redacted] | [Redacted] | 35198940 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | Provided Permanent Resident Card is Half scanned. Incomplete document received. | Reviewer Comment (2025-12-18): Received required documentation. Condition cleared. Buyer Comment (2025-12-16): See attached copies of legible Perm Resident Card. |
12/18/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224661173 | [Redacted] | [Redacted] | 35198944 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Citizenship Source Documentation was not provided | - | Provided Permanent Resident Card is Half scanned. Incomplete document received. | Reviewer Comment (2025-12-18): Received required documentation. Condition cleared. Buyer Comment (2025-12-16): See attached copies of legible Perm Resident Card. |
12/18/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224661182 | [Redacted] | [Redacted] | 35200433 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Disbursement date is [redacted]. As per Right to cancel, the eligible disbursement date is [redacted]. | Reviewer Comment (2025-12-31): Received correct disbursement date. Condition cleared. Reviewer Comment (2025-12-30): As per Right to cancel disbursement date is [redacted], but eligible disbursement date is . Corrected RTC is required. Exception remains. Buyer Comment (2025-12-29): [redacted] Cert Reviewer Comment (2025-12-22): Disbursement date is [redacted]. As per Right to cancel, the eligible disbursement date is [redacted]. Notary date is [redacted], Note date is [redacted]. Exception remains. Buyer Comment (2025-12-18): [redacted] |
12/31/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 224661182 | [Redacted] | [Redacted] | 35200443 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | As per Guidelines, the minimum FICO score for CLTV more than [redacted]% is [redacted]. The qualifying FICO score of [redacted]is less than the guideline requirement. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Reserves: [redacted] Guideline Requirement: [redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-31): Client elects to waive with compensating factors. Buyer Comment (2025-12-29): [redacted] Cert Reviewer Comment (2025-12-22): Unable to downgrade/waive due to missing sufficient lender compensating factors. Buyer Comment (2025-12-18): exception approval |
12/31/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| 224661390 | [Redacted] | [Redacted] | 35200542 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Provided to All Parties Test | TILA-RESPA Integrated Disclosure: Closing Disclosure was not provided to all parties whose ownership interest is or will be subject to the security interest. | Final closing disclosure dated [redacted] was not executed by borrower. | Reviewer Comment (2025-12-16): Received final signed CD Buyer Comment (2025-12-15): signed cd |
12/16/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure, and proof of delivery and NORTC if reopened rescission required | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224661390 | [Redacted] | [Redacted] | 35200543 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Final closing disclosure dated [redacted] was not executed by borrower. | Reviewer Comment (2025-12-16): Received final signed CD Buyer Comment (2025-12-15): see uploaded |
12/16/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224661390 | [Redacted] | [Redacted] | 35200544 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | Final closing disclosure dated [redacted] was not executed by borrower. | Reviewer Comment (2025-12-16): Received final signed CD Buyer Comment (2025-12-15): see uploaded |
12/16/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224661390 | [Redacted] | [Redacted] | 35200591 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to missing business bank statement account ending #[redacted] and provided business bank statement for account ending #[redacted]with transaction from [redacted] does not met [redacted]days requirement. | Reviewer Comment (2025-12-22): Received [redacted] days [redacted] month bank statement for account [redacted]. Exception cleared. Buyer Comment (2025-12-18): see uploaded Reviewer Comment (2025-12-18): The statement received is covering only [redacted] days instead of the entire [redacted] days for [redacted]. Exception Remains Buyer Comment (2025-12-16): nov Reviewer Comment (2025-12-16): Received close out letter for a bank account, however per lender guides, [redacted] months of bank statements is required for income calculations. If [redacted] is available, this could be utilized. Buyer Comment (2025-12-15): see uploaded close out letter for account |
12/22/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224661390 | [Redacted] | [Redacted] | 35200592 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to missing business bank statement account ending #[redacted] and provided business bank statement for account ending #[redacted]with transaction from [redacted] does not met [redacted]days requirement. | Reviewer Comment (2025-12-22): Received [redacted] days [redacted] month bank statement for account [redacted]. Exception cleared. Buyer Comment (2025-12-18): see uploaded Reviewer Comment (2025-12-18): The statement received is covering only [redacted] days instead of the entire [redacted] days for [redacted]. Exception Remains Buyer Comment (2025-12-16): see uploaded [redacted] statement Reviewer Comment (2025-12-16): Received close out letter for a bank account, however per lender guides, [redacted] months of bank statements is required for income calculations. If [redacted] is available, this could be utilized. Buyer Comment (2025-12-15): see uploaded close out letter for account |
12/22/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224661390 | [Redacted] | [Redacted] | 35200675 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2025-12-22): Received CDA Report for the requirement of secondary valuation. Exception cleared. Buyer Comment (2025-12-18): cda |
12/22/2025 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224661390 | [Redacted] | [Redacted] | 35200676 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-16): Client elects to waive. Buyer Comment (2025-12-15): please update per deal |
12/16/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224661390 | [Redacted] | [Redacted] | 35200696 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Provided business bank statement for account ending #[redacted]with transaction from [redacted] does not met [redacted]days requirement. | Reviewer Comment (2025-12-16): Received close out letter. Account statement provided was for the new account. Buyer Comment (2025-12-15): see uploaded close out letter for account |
12/16/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224661390 | [Redacted] | [Redacted] | 35200698 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Provided business bank statement for account ending #[redacted]with transaction from [redacted] does not met [redacted]days requirement. | Reviewer Comment (2025-12-16): Received close out letter. Account statement provided was for the new account. Buyer Comment (2025-12-15): see uploaded close out letter for account |
12/16/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224661390 | [Redacted] | [Redacted] | 35200714 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to missing business bank statement account ending #[redacted]and provided business bank statement for account ending #[redacted]with transaction from [redacted] does not met [redacted]days requirement. | Reviewer Comment (2025-12-22): Received [redacted] days [redacted] month bank statement for account [redacted]. Exception cleared. Buyer Comment (2025-12-18): [redacted] statement Reviewer Comment (2025-12-18): The statement received is covering only [redacted] days instead of the entire [redacted] days for [redacted]. Exception Remains Buyer Comment (2025-12-16): see uploaded [redacted] statement Reviewer Comment (2025-12-16): Received close out letter for a bank account, however per lender guides, [redacted] months of bank statements is required for income calculations. If [redacted] is available, this could be utilized. Buyer Comment (2025-12-15): see uploaded close out letter for account |
12/22/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224661390 | [Redacted] | [Redacted] | 35200736 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Missing business bank statement account ending #[redacted]. | Reviewer Comment (2025-12-22): Received [redacted] days [redacted] month bank statement for account [redacted]. Exception cleared. Buyer Comment (2025-12-18): see uploaded Reviewer Comment (2025-12-18): The statement received is covering only [redacted] days instead of the entire [redacted] days for [redacted]. Exception Remains Buyer Comment (2025-12-16): see uploaded [redacted] statement Reviewer Comment (2025-12-16): Received close out letter for a bank account, however per lender guides, [redacted] months of bank statements is required for income calculations. If [redacted] is available, this could be utilized. Buyer Comment (2025-12-15): The account was closed out in Nov |
12/22/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224661423 | [Redacted] | [Redacted] | 35199129 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-11): Client elects to waive. |
12/11/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224661423 | [Redacted] | [Redacted] | 35199130 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-11): Client elects to waive. |
12/11/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224661423 | [Redacted] | [Redacted] | 35199131 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-11): Client elects to waive. |
12/11/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224664298 | [Redacted] | [Redacted] | 35250618 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-18): Waived |
12/18/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224664298 | [Redacted] | [Redacted] | 35250619 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-18): Waived |
12/18/2025 | No | 1 | N/A | N/A | A | A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||||||
| 224664298 | [Redacted] | [Redacted] | 35250620 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-18): Waived. |
12/18/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224664464 | [Redacted] | [Redacted] | 35200864 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-23): Client elects to waive. |
12/23/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224664464 | [Redacted] | [Redacted] | 35200898 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception provided: Our borrowers are requesting to purchase a primary residence utilizing bank statements at a $[redacted]loan amount. Section [redacted]requires an exception when the loan amount exceeds $[redacted] |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has worked in the same position for [redacted] years. Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-23): Client elects to waive with compensating factors. |
12/23/2025 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 224664464 | [Redacted] | [Redacted] | 35200930 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Unable to Verify the expenses of $[redacted]. Insurance and Tax Verification was not provided. | Reviewer Comment (2025-12-23): Received REO documentation Buyer Comment (2025-12-22): Hazard and tax |
12/23/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224678559 | [Redacted] | [Redacted] | 35216355 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-19): Client elects to waive. |
12/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224678559 | [Redacted] | [Redacted] | 35216356 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $[redacted]is less than the note amount of $[redacted]based on the Commitment in file. | Reviewer Comment (2025-12-19): Escrow update in the file, exception cleared Buyer Comment (2025-12-18): Escrow update |
12/19/2025 | No | 1 | B | A | B | A | B | A | B | A | B | A | CO | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224691883 | [Redacted] | [Redacted] | 35231472 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): received avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | MD | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224691883 | [Redacted] | [Redacted] | 35231473 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-17): Waive |
12/17/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | MD | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224691886 | [Redacted] | [Redacted] | 35216245 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted] | Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Reviewer Comment (2026-02-20): [redacted] received Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form. Buyer Comment (2026-02-18): RTC signed and dated Reviewer Comment (2026-02-04): Received the Alta statement showing the disbursement date of [redacted], however the loan closed on [redacted]. The RTC should have been through [redacted] at midnight with a disbursement date of [redacted] The documentation provided does not meet RTC requirements for a full [redacted] days rescission. Buyer Comment (2026-02-02): Alta |
02/20/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 224691886 | [Redacted] | [Redacted] | 35216270 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation is not required as Appraised Value is supported. | Buyer Comment (2026-01-07): preapproved waiver list |
01/07/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| 224691886 | [Redacted] | [Redacted] | 35216272 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-01-07): preapproved waiver list |
01/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 224691886 | [Redacted] | [Redacted] | 35856610 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | Reviewer Comment (2026-02-20): Document provided |
02/20/2026 | No | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| 224692048 | [Redacted] | [Redacted] | 35231557 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B | Reviewer Comment (2025-12-17): waived |
12/17/2025 | No | 2 | A | A | A | A | A | A | B | B | CT | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224692048 | [Redacted] | [Redacted] | 35231558 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-17): waived |
12/17/2025 | No | 1 | N/A | N/A | A | A | N/A | N/A | CT | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||||||
| 224692048 | [Redacted] | [Redacted] | 35231559 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-17): waived |
12/17/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CT | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224692048 | [Redacted] | [Redacted] | 35231567 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Note loan amount of $[redacted]is less than Guideline minimum loan amount of $[redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-17): Lender Exception with Compensating Factors provided. |
12/17/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | N/A | Exempt from ATR | No | |||||||
| 224692048 | [Redacted] | [Redacted] | 35231570 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request Max LTV [redacted], Credit - Delinquent Housing Payment - Borrower is [redacted]on a mortgage, LOX in file. All other mortgages paid as agreed. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-17): Lender Exception with Compensating Factors provided. |
12/17/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | N/A | Exempt from ATR | No | ||||||||
| 224692048 | [Redacted] | [Redacted] | 35231583 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request Max LTV [redacted], Loan Terms - Loan Amount- Appraisal Came in Slightly low, LTV is now [redacted]%.Looking for either an LTV exception of [redacted]% or a loan amount exception of $[redacted]for a loan amount of $[redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-17): Lender Exception with Compensating Factors provided. |
12/17/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | N/A | Exempt from ATR | No | ||||||||
| 224692053 | [Redacted] | [Redacted] | 35231457 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-17): Client elects to waive |
12/17/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224692053 | [Redacted] | [Redacted] | 35231462 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-17): Client elects to waive. |
12/17/2025 | No | 2 | A | A | A | A | A | A | B | B | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||||
| 224692053 | [Redacted] | [Redacted] | 35231465 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage statement is missing in the file. | Reviewer Comment (2026-01-20): HELOC agreement received & associated. Exception cleared. Buyer Comment (2026-01-15): heloc statement reflecting payment Reviewer Comment (2025-12-26): Please provide mortgage statement or Final closing disclosure for the [redacted] lien P&I amount of [redacted], Exception remains. Buyer Comment (2025-12-23): mortgage statement |
01/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 224692053 | [Redacted] | [Redacted] | 35231466 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage statement is missing in the file. | Reviewer Comment (2026-01-20): Closing disclosure received & associated. Exception cleared. Buyer Comment (2026-01-15): final cd Reviewer Comment (2025-12-26): Please provide mortgage statement or Final closing disclosure for the [redacted] lien P&I amount of [redacted], Exception remains. Buyer Comment (2025-12-23): mortgage statement |
01/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 224692053 | [Redacted] | [Redacted] | 35480302 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy - DTI | Reviewer Comment (2026-01-20): Cleared. Received required documents. Buyer Comment (2026-01-15): heloc statement & final cd submitted for additional REOs |
01/20/2026 | No | 1 | A | A | A | A | A | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||||||
| 224692053 | [Redacted] | [Redacted] | 35581578 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provied for borrower is [redacted]on mortgage in the last [redacted]months, lox in file. All other mortgages paid as agreed. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
DTI: [redacted]% Guideline Maximum DTI: [redacted]% DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-01-20): Client elects to waive with compensating factors. |
01/20/2026 | Yes | 2 | B | B | B | B | B | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||||
| 224692053 | [Redacted] | [Redacted] | 35920521 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: DTI | Reviewer Comment (2026-02-27): Cleared. Corrected [redacted] st lien payment. Buyer Comment (2026-02-25): PC Cert |
02/27/2026 | No | 1 | A | A | A | A | A | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||||||
| 224693418 | [Redacted] | [Redacted] | 35232409 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-18): Client elects to waive. |
12/18/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | D | B | A | A | D | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224693418 | [Redacted] | [Redacted] | 35232415 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted]: Fannie Mae forms not used for closing of home equity loan. | Buyer Comment (2026-01-14): [redacted] to Waive per CNR |
01/14/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | D | B | A | A | D | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224693418 | [Redacted] | [Redacted] | 35265486 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) | [redacted] Constitution Section [redacted]: Acknowledgment of the Fair Market Value not properly executed by the Lender. | Reviewer Comment (2026-01-16): [redacted]Cash-out Fair Market Acknowledgment Signed by Lender received & associated. Exception cleared. Buyer Comment (2026-01-14): LOX and form and label |
01/16/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | D | B | A | A | D | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||
| 224693575 | [Redacted] | [Redacted] | 35234737 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-18): Waivie |
12/18/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224699886 | [Redacted] | [Redacted] | 35241353 | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | Credit history reflects lates that do not meet guidelines. | - Credit history reflects a total of ___ reported late payments. | Lender exception was approved at origination for borrower is [redacted]in the past [redacted]months on mortgage, LOX attached. All other mortgages paid as agreed. Compensating factors are loan to value of [redacted]% is [redacted]% or more under requirement, residual income $[redacted]or more, debt [redacted]% or more under requirement, FICO of [redacted]is [redacted]points or more above requirement and reserves [redacted]+ months more than requirement. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-18): Lender Exception with Compensating Factors provided. |
12/18/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | N/A | Exempt from ATR | No | |||||||
| 224699886 | [Redacted] | [Redacted] | 35241378 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted]business days of the Note. | - | Provided verification of employment is not within [redacted]business days of the Note. | Reviewer Comment (2025-12-24): Verification employment received. Exception cleared. Buyer Comment (2025-12-22): vvoe |
12/24/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 224699886 | [Redacted] | [Redacted] | 35241388 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-24): Client elects to waive. Buyer Comment (2025-12-22): See DOC ID [redacted] |
12/24/2025 | No | 2 | A | A | A | A | A | A | B | B | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224699886 | [Redacted] | [Redacted] | 35241389 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-18): waived |
12/18/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CT | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224705514 | [Redacted] | [Redacted] | 35249691 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Requested: Requesting exception to close in an LLC in which the parent entity of the LLC is a trust. Section [redacted]states that " The Manager of the LLC must be an applicant. A natural person is not a trust or other entity"/ Borrowers are looking to close in "[redacted]" where our borrower, [redacted]and his non-borrowing spouse owns [redacted] (both trustees on trust). |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-18): Client elects to waive with compensating factors. |
12/18/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 224705514 | [Redacted] | [Redacted] | 35249877 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-18): Client elects to waive. |
12/18/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224709563 | [Redacted] | [Redacted] | 35254423 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Waterfall exception due to QM Points ad Fees. | Reviewer Comment (2025-12-30): Compliance report received with Loan designation details exception cleared. Buyer Comment (2025-12-29): mavent submitted |
12/30/2025 | No | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 224709563 | [Redacted] | [Redacted] | 35254424 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees [redacted] | Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted]on a Federal Total Loan Amount of $[redacted]vs. an allowable total of $[redacted](an overage of $[redacted]or .[redacted]%). | QM Points and Fees threshold exceeded by $[redacted]or .[redacted]%. | Reviewer Comment (2025-12-30): Compliance report received with undiscounted rate/price information exception cleared. Buyer Comment (2025-12-29): mavent submitted |
12/30/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 224709563 | [Redacted] | [Redacted] | 35254456 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-19): Client elects to waive. |
12/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224709563 | [Redacted] | [Redacted] | 35254470 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - 1-4 Family not provided | Rider - 1-4 Family not provided. | Reviewer Comment (2025-12-30): [redacted]-[redacted] Family Rider received, exception cleared. Buyer Comment (2025-12-29): Rider |
12/30/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 224709563 | [Redacted] | [Redacted] | 35277565 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing the compliance report to support the loan designation. | Reviewer Comment (2025-12-30): Compliance report received with Loan designation details exception cleared. Buyer Comment (2025-12-29): mavent |
12/30/2025 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 224709563 | [Redacted] | [Redacted] | 35277610 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing a signed/dated close out letter for the 2 Helocs paid off at closing. | Reviewer Comment (2026-01-13): Received HELOC Mortgage payoff statement signed and dated. Exception Cleared. Buyer Comment (2026-01-09): closeout letters |
01/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 224709768 | [Redacted] | [Redacted] | 35255406 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-19): Client elects to waive. |
12/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224709768 | [Redacted] | [Redacted] | 35255545 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Data Discrepancy with DTI. Lender DTI [redacted]%, Review DTI [redacted]% . The reason for the discrepancy is lender credited rental income on [redacted] property at [redacted]% as opposed to [redacted]%. | Reviewer Comment (2026-01-16): Received revised 1008 document, calculated DTI matches with 1008 document. Exception Cleared. Buyer Comment (2026-01-14): 1008 |
01/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224709768 | [Redacted] | [Redacted] | 35255548 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI discrepancy | Reviewer Comment (2026-01-16): Received revised 1008 document, calculated DTI matches with 1008 document. Exception Cleared. Buyer Comment (2026-01-14): see uploaded |
01/16/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224709768 | [Redacted] | [Redacted] | 35255549 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Data Discrepancy with DTI. Lender DTI [redacted]%, Review DTI [redacted]% . The reason for the discrepancy is lender credited rental income on [redacted] property at [redacted]% as opposed to [redacted]%. | Reviewer Comment (2026-01-16): Received revised 1008 document, calculated DTI matches with 1008 document. Exception Cleared. Buyer Comment (2026-01-14): see uploaded |
01/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224709768 | [Redacted] | [Redacted] | 35480303 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy - DTI | Reviewer Comment (2026-01-16): Received revised 1008 document, calculated DTI matches with 1008 document. Exception Cleared. Buyer Comment (2026-01-15): see uploaded |
01/16/2026 | No | 1 | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224711170 | [Redacted] | [Redacted] | 35260053 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-19): Client elects to waive. |
12/19/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224711170 | [Redacted] | [Redacted] | 35260054 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-19): Client elects to waive. |
12/19/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | GA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224711170 | [Redacted] | [Redacted] | 35260056 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-19): Client elects to waive. |
12/19/2025 | No | 2 | A | A | A | A | A | A | B | B | GA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224713323 | [Redacted] | [Redacted] | 35273210 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-23): Client elects to waive. |
12/23/2025 | No | 2 | A | A | A | A | A | A | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224713323 | [Redacted] | [Redacted] | 35273211 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-23): Client elects to waive. |
12/23/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224713323 | [Redacted] | [Redacted] | 35273212 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-23): Client elects to waive. |
12/23/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224713323 | [Redacted] | [Redacted] | 35273226 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI variance between tape date due to higher [redacted]lien expenses considered in 1008. | Reviewer Comment (2026-01-16): Received updated 1008. Cleared. Buyer Comment (2026-01-15): See uploads |
01/16/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224713323 | [Redacted] | [Redacted] | 35273227 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to DTI variance between tape date due to higher [redacted]lien expenses considered in 1008. | Reviewer Comment (2026-01-16): Received updated 1008. Cleared. Buyer Comment (2026-01-15): See uploads |
01/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224713323 | [Redacted] | [Redacted] | 35480304 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy - DTI | Reviewer Comment (2026-01-16): Received updated 1008. Cleared. Buyer Comment (2026-01-15): See uploads |
01/16/2026 | No | 1 | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224713338 | [Redacted] | [Redacted] | 35273453 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage Statement is missing in the file. | Reviewer Comment (2026-01-06): Document provided Buyer Comment (2026-01-05): reo [redacted] CD, no mtg statement as loan just closed on [redacted] Reviewer Comment (2025-12-30): Mortgage statement for [redacted] lien [redacted] is required. Exception remains. Buyer Comment (2025-12-26): please see doc [redacted] for reo [redacted] mortgage statement |
01/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 224713338 | [Redacted] | [Redacted] | 35273457 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage Statement is missing in the file. | Reviewer Comment (2026-01-14): Received closing statement Cleared. Buyer Comment (2026-01-12): [redacted] docs. please note this is a revolving HELOC that just closed on [redacted]. no mortgage statement available as first payment is not due yet Reviewer Comment (2026-01-06): Need statement. Exception remains Buyer Comment (2026-01-05): reo [redacted] mtg stmt doc [redacted] is only mtg lien on property. currently a HELOC loan in approval status with [redacted], not closed yet. Reviewer Comment (2025-12-30): Mortgage statement for [redacted] lien [redacted] is required. Exception remains. Buyer Comment (2025-12-26): please see doc [redacted] for reo [redacted] mortgage statement |
01/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 224713338 | [Redacted] | [Redacted] | 35273458 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-22): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]. |
12/22/2025 | No | 2 | A | A | A | A | A | A | B | B | CT | Investment | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | N/A | Exempt from ATR | No | |||||||||||||
| 224713338 | [Redacted] | [Redacted] | 35273474 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-22): Per deal notes |
12/22/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CT | Investment | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 224713338 | [Redacted] | [Redacted] | 35293771 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DATA DISCREPANCY WITH DTI. LENDER DTI [redacted]%., REVIEW DTI [redacted]%. THE REASON FOR THE DISCREPANCY IS DUE TO higher HOA dues used for diligence review for all properties on [redacted]. | Reviewer Comment (2026-01-22): DTI in updated1008 is within tolerance, exception cleared. Buyer Comment (2026-01-21): see 1008 Reviewer Comment (2026-01-14): Reviewed lenders rebuttal and made changes, however the DD DTI of [redacted] is still over [redacted] exceeding the lenders DTI of [redacted]. Reviewer Comment (2026-01-14): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]. Buyer Comment (2026-01-12): invest memo - hoa amounts Buyer Comment (2026-01-12): please disregard memo, wrong file... :( Buyer Comment (2026-01-12): invest memo for hoi effective date Reviewer Comment (2026-01-06): Diligence Investor Qualifying Total Debt Ratio: [redacted] ; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]. Need updated 1008 with all expenses. Exception remains. Buyer Comment (2026-01-05): reo [redacted] just uploaded. reo [redacted] mtg stmt doc [redacted] is only the mtg lien on property. currently a HELOC loan in approval status with [redacted] but not closed yet. thus, only one lien currently on property Reviewer Comment (2025-12-30): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]. Reviewer Comment (2025-12-30): Corrected HOA amount for Unit [redacted] as per document. Mortgage statements for [redacted] lien for property "[redacted]" and "[redacted]" are required. DTI [redacted]% is still higher than lender used [redacted]%. Exception remains. Buyer Comment (2025-12-26): please see docs [redacted] & [redacted] for unit #[redacted] HOA and update your calculation. In addition, please reference above comments for reo mortgage statements and update your P&I amounts: doc [redacted] for reo [redacted] mortgage statement and doc [redacted] for reo [redacted] mortgage statement |
01/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 224713338 | [Redacted] | [Redacted] | 35293788 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan designation failure due to DTI mismatch between diligence review and lender calculation. which occurred due to HOA dues variance. | Reviewer Comment (2026-01-22): DTI in updated 1008 is within tolerance, exception cleared. Buyer Comment (2026-01-20): see updated 1008 Buyer Comment (2026-01-20): updated 1008 Reviewer Comment (2026-01-14): Reviewed lenders rebuttal and made changes, however the DD DTI of [redacted] is still over [redacted] exceeding the lenders DTI of [redacted]. Buyer Comment (2026-01-12): invest memo - hoa amounts. Buyer Comment (2026-01-12): please disregard memo, wrong file... :( Buyer Comment (2026-01-12): invest memo for hoi effective date Reviewer Comment (2026-01-06): Diligence Investor Qualifying Total Debt Ratio: [redacted]; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]. Need updated 1008 with all expenses. Exception remains. Buyer Comment (2026-01-05): reo [redacted] just uploaded. reo [redacted] mtg stmt doc [redacted] is only the mtg lien on property. currently a HELOC loan in approval status with [redacted] but not closed yet. thus, only one lien currently on property Reviewer Comment (2025-12-30): Corrected HOA amount for Unit [redacted] as per document. Mortgage statements for [redacted] lien for property "[redacted]" and "[redacted]" are required. DTI [redacted]% is still higher than lender used [redacted]%. Exception remains. Buyer Comment (2025-12-26): please see docs [redacted] for unit #[redacted] HOA and update your calculation. In addition, please reference above comments for reo mortgage statements and update your P&I amounts: doc [redacted] for reo [redacted] mortgage statement and doc [redacted] for reo [redacted] mortgage statement |
01/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 224713338 | [Redacted] | [Redacted] | 35480306 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy - DTI | Reviewer Comment (2026-01-22): DTI in updated1008 is within tolerance, exception cleared. Buyer Comment (2026-01-20): see updated 1008 |
01/22/2026 | No | 1 | A | A | A | A | A | CT | Investment | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | N/A | Exempt from ATR | No | ||||||||||||||||
| 224713594 | [Redacted] | [Redacted] | 35273846 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-23): Client elects to waive. |
12/23/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224713594 | [Redacted] | [Redacted] | 35273894 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-23): Client elects to waive. |
12/23/2025 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224713594 | [Redacted] | [Redacted] | 35273922 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. [redacted]valuation from subject transaction is missing. Sec ID: [redacted] | Secondary valuation is not required as Appraised Value is supported. | Reviewer Comment (2026-01-12): CDA received. Buyer Comment (2026-01-08): CDA Reviewer Comment (2026-01-06): A secondary appraisal would be required. Buyer Comment (2026-01-02): please confirm if the secondary valuation is required, condition is contradictory in that it states the "secondary valuation is not required as appraised value is supported" |
01/12/2026 | No | 1 | N/A | A | A | A | N/A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224713594 | [Redacted] | [Redacted] | 35276995 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request required credit score is [redacted]and currently at [redacted] | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. |
Borrower has worked in the same position for more than [redacted] years. | SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-23): Client elects to waive with compensating factors. |
12/23/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224713764 | [Redacted] | [Redacted] | 35273632 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-23): Client elects to waive. |
12/23/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | OH | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224713764 | [Redacted] | [Redacted] | 35273633 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-23): Client elects to waive. |
12/23/2025 | No | 2 | A | A | A | A | A | A | B | B | OH | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224713802 | [Redacted] | [Redacted] | 35273738 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage Instrument, Hazard Insurance and Tax verification document is missing in the file. | Reviewer Comment (2026-01-05): Final closing disclosure received. Exception cleared. Buyer Comment (2025-12-31): reo [redacted], no mortgage statement available as loan just closed on [redacted] |
01/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | LA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224713802 | [Redacted] | [Redacted] | 35273760 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-02): Client elects to waive. Buyer Comment (2025-12-31): rent income was not used for qualification. please downgrade and clear or cancel condition. |
01/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | LA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224713802 | [Redacted] | [Redacted] | 35273761 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Primary mortgage PITIA is $[redacted]considering this value cause the higher HTI and DTI, Also $[redacted]car payment on [redacted]Lender not using. | Reviewer Comment (2026-03-04): Received updated 1008, Condition cleared. Reviewer Comment (2026-03-04): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]. Buyer Comment (2026-03-03): Revised 1003 attached. Please see doc [redacted] LOX from employer confirming vehicle is a company leased vehicle and the borrower was not obligated to the debt as it is not listed on their credit report. Lease debt to be omitted as borrower paid off an auto loan thru [redacted] on the final CD to support access to a vehicle. Please see previous entry from [redacted] regarding income adjustment due to raise in borrower's pay. Reviewer Comment (2026-02-25): Require revised 1003 document and proof which confirm [redacted] Employer auto lease has been paid off and not used and to make DTI [redacted] to match 1008, Also, latest 1008 all other monthly payment used in qualifying/Credit Debt shows $[redacted] in place of earlier credit debt [redacted]. Exception remains. Buyer Comment (2026-02-24): revised 1008 for DTI [redacted] Reviewer Comment (2026-02-24): After removing the $[redacted] auto lease payment, the DTI is not within the [redacted] threshold of the lender's calculated DTI of [redacted]. Please provide a corrected Form 1008 that includes the principal and interest payment for the primary property. Exception remains. Buyer Comment (2026-02-20): Please omit the auto lease for [redacted], the employer confirmed that the vehicle is company owned and the borrower's credit report did not reflect an auto lease obligation. [redacted] auto loan paid off to support access to an automobile. Additionally, the borrower received a raise and working full time based on [redacted] an hour or [redacted] per month. Omission of debt and updated income rendered a debt ratio of [redacted]. Reviewer Comment (2026-01-05): The primary property at [redacted] has a mortgage P&I amount of $[redacted]. The subject investment property [redacted] has a payment of [redacted], and the total credit liability is [redacted]. This results in a total debt of [redacted] against a total income of [redacted], giving a DTI ratio of [redacted]. Please provide an updated Form 1008 or corrected income figures to ensure the DTI falls within the required threshold. Buyer Comment (2025-12-31): please see primary mortgage statement doc [redacted], shows P&I is [redacted] |
03/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | LA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224713802 | [Redacted] | [Redacted] | 35273777 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | 1007 comparable rent schedule is missing in the file. | Reviewer Comment (2026-01-12): Rent Comparable is not required, no rental income is considered. Buyer Comment (2026-01-09): rent income was not used for qualification. please downgrade and clear or cancel condition. |
01/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | LA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224713802 | [Redacted] | [Redacted] | 35273835 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Primary mortgage PITIA is $[redacted]considering this value cause the higher HTI and DTI, require additional income or rental income. Also $[redacted]car payment on [redacted]Lender not using. | Reviewer Comment (2026-03-04): Received updated 1008, Condition cleared. Buyer Comment (2026-03-03): Revised 1003 attached. Please see doc [redacted] LOX from employer confirming vehicle is a company leased vehicle and the borrower was not obligated to the debt as it is not listed on their credit report. Lease debt to be omitted as borrower paid off an auto loan thru [redacted] on the final CD to support access to a vehicle. Please see previous entry from [redacted] regarding income adjustment due to raise in borrower's pay. Reviewer Comment (2026-02-25): Require revised 1003 document and proof which confirm [redacted] Employer auto lease has been paid off and not used and to make DTI [redacted] to match 1008, Also, latest 1008 all other monthly payment used in qualifying/Credit Debt shows $[redacted] in place of earlier credit debt [redacted]. Exception remains. Buyer Comment (2026-02-24): revised 1008 for DTI [redacted] Reviewer Comment (2026-01-05): The primary property at [redacted] has a mortgage P&I amount of $[redacted]. The subject investment property [redacted] has a payment of [redacted], and the total credit liability is [redacted]. This results in a total debt of [redacted] against a total income of [redacted], giving a DTI ratio of [redacted]. Please provide an updated Form 1008 or corrected income figures to ensure the DTI falls within the required threshold. Buyer Comment (2025-12-31): please see primary mortgage statement doc [redacted], shows P&I is [redacted] |
03/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | LA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224713802 | [Redacted] | [Redacted] | 35273836 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted]business days of the Note. | - | Verbal verification of employment is not within [redacted]business days. | Reviewer Comment (2026-01-05): [redacted] party verification updated. Exception cleared. Buyer Comment (2025-12-31): please see doc [redacted] for closing voe |
01/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | LA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224713802 | [Redacted] | [Redacted] | 35273839 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to DTI mismatch, primary mortgage PITIA is $[redacted]considering this value cause the higher HTI and DTI, require additional income or rental income. Also $[redacted]car payment on CBR Lender not using. | Reviewer Comment (2026-03-04): Received updated 1008, Condition cleared. Buyer Comment (2026-03-03): Revised 1003 attached. Please see doc [redacted] LOX from employer confirming vehicle is a company leased vehicle and the borrower was not obligated to the debt as it is not listed on their credit report. Lease debt to be omitted as borrower paid off an auto loan thru [redacted] on the final CD to support access to a vehicle. Please see previous entry from [redacted] regarding income adjustment due to raise in borrower's pay. Reviewer Comment (2026-02-25): Require revised 1003 document and proof which confirm [redacted] Employer auto lease has been paid off and not used and to make DTI [redacted] to match 1008, Also, latest 1008 all other monthly payment used in qualifying/Credit Debt shows $[redacted] in place of earlier credit debt [redacted]. Exception remains. Buyer Comment (2026-02-24): revised 1008 for DTI [redacted] Reviewer Comment (2026-01-05): The primary property at [redacted] has a mortgage P&I amount of $[redacted]. The subject investment property [redacted] has a payment of [redacted], and the total credit liability is [redacted]. This results in a total debt of [redacted] against a total income of [redacted], giving a DTI ratio of [redacted]. Please provide an updated Form 1008 or corrected income figures to ensure the DTI falls within the required threshold. Buyer Comment (2025-12-31): please see primary mortgage statement doc [redacted], shows P&I is [redacted] |
03/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | LA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224713802 | [Redacted] | [Redacted] | 35273840 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [redacted](c)(5) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.) | Waterfall due to DTI mismatch, primary mortgage PITIA is $[redacted]considering this value cause the higher HTI and DTI, require additional income or rental income. Also $[redacted]car payment on [redacted]Lender not using. | Reviewer Comment (2026-03-04): Received updated 1008, Condition cleared. Buyer Comment (2026-03-03): Revised 1003 attached. Please see doc [redacted] LOX from employer confirming vehicle is a company leased vehicle and the borrower was not obligated to the debt as it is not listed on their credit report. Lease debt to be omitted as borrower paid off an auto loan thru [redacted] on the final CD to support access to a vehicle. Please see previous entry from [redacted] regarding income adjustment due to raise in borrower's pay. Reviewer Comment (2026-02-25): Require revised 1003 document and proof which confirm [redacted] Employer auto lease has been paid off and not used and to make DTI [redacted] to match 1008, Also, latest 1008 all other monthly payment used in qualifying/Credit Debt shows $[redacted] in place of earlier credit debt [redacted]. Exception remains. Buyer Comment (2026-02-24): revised 1008 for DTI [redacted] Reviewer Comment (2026-01-05): The primary property at [redacted] has a mortgage P&I amount of $[redacted]. The subject investment property [redacted] has a payment of [redacted], and the total credit liability is [redacted]. This results in a total debt of [redacted] against a total income of [redacted], giving a DTI ratio of [redacted]. Please provide an updated Form 1008 or corrected income figures to ensure the DTI falls within the required threshold. Buyer Comment (2025-12-31): please see primary mortgage statement doc [redacted], shows P&I is [redacted] |
03/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | LA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224713802 | [Redacted] | [Redacted] | 35480307 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy - DTI | Reviewer Comment (2026-03-04): Received updated 1008, Condition cleared. Buyer Comment (2026-03-03): Revised 1003 attached. Please see doc [redacted] LOX from employer confirming vehicle is a company leased vehicle and the borrower was not obligated to the debt as it is not listed on their credit report. Lease debt to be omitted as borrower paid off an auto loan thru [redacted] on the final CD to support access to a vehicle. Please see previous entry from [redacted] regarding income adjustment due to raise in borrower's pay. Reviewer Comment (2026-02-25): Require revised 1003 document and proof which confirm [redacted] Employer auto lease has been paid off and not used and to make DTI [redacted] to match 1008, Also, latest 1008 all other monthly payment used in qualifying/Credit Debt shows $[redacted] in place of earlier credit debt [redacted]. Exception remains. Buyer Comment (2026-02-24): revised 1008 for DTI [redacted] Reviewer Comment (2026-02-24): After removing the $[redacted] auto lease payment, the DTI is not within the [redacted] threshold of the lender's calculated DTI of [redacted]. Please provide a corrected Form 1008 that includes the principal and interest payment for the primary property. Exception remains. Buyer Comment (2026-02-20): Please omit the auto lease for [redacted], the employer confirmed that the vehicle is company owned and the borrower's credit report did not reflect an auto lease obligation. [redacted] auto loan paid off to support access to an automobile. Additionally, the borrower received a raise and working full time based on [redacted] an hour or [redacted] per month. Omission of debt and updated income rendered a debt ratio of [redacted]. |
03/04/2026 | No | 1 | A | A | A | A | A | LA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 224715677 | [Redacted] | [Redacted] | 35275973 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-23): Lender elects to waive. |
12/23/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224715677 | [Redacted] | [Redacted] | 35275974 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-23): Lender elects to waive |
12/23/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224715752 | [Redacted] | [Redacted] | 35285394 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-29): Client elects to waive. |
12/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224715752 | [Redacted] | [Redacted] | 35285395 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-29): Client elects to waive. |
12/29/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224715752 | [Redacted] | [Redacted] | 35285396 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-29): Client elects to waive. |
12/29/2025 | No | 2 | A | A | A | A | A | A | B | B | CO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224715752 | [Redacted] | [Redacted] | 35314293 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI discrepancy | Reviewer Comment (2026-01-12): updated 1008 provided Buyer Comment (2026-01-09): Corrected 1008 /1003 , used mortgage payment from statement and removed double hit for hazard and taxes |
01/12/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CO | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224715752 | [Redacted] | [Redacted] | 35314294 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Data Discrepancy with DTI. Lender DTI [redacted]% Review DTI [redacted]% . The reason for the discrepancy is lender used $[redacted]on final 1003 for mortgage payment plus additional payment amount of $[redacted], however mortgage statement states the PI amount is $[redacted]and PITIA payment is $[redacted]inclusive of escrow payment. | Reviewer Comment (2026-01-12): updated 1008 provided Buyer Comment (2026-01-09): Corrected 1008 /1003 , used mortgage payment from statement and removed double hit for hazard and taxes |
01/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224715752 | [Redacted] | [Redacted] | 35480404 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy - DTI | Reviewer Comment (2026-01-20): 1008 DTI [redacted] within Tolerance. Buyer Comment (2026-01-16): DSTI within tolerance |
01/20/2026 | No | 1 | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224718975 | [Redacted] | [Redacted] | 35284326 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-29): Client elects to waive with compensating factors. |
12/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Non QM | Non QM | No | ||||||||||||
| 224718975 | [Redacted] | [Redacted] | 35284345 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted]valuation from subject transaction is missing. . Sec ID: [redacted] | [redacted]valuation is not available, as would be required for securitization. | Reviewer Comment (2026-07-21): received avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Non QM | Non QM | No | ||||||||||||
| 224718975 | [Redacted] | [Redacted] | 37038126 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | NJ | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Non QM | Non QM | No | |||||||||||||||||
| 224720281 | [Redacted] | [Redacted] | 35288096 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-29): Client elects to waive. |
12/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | KY | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224720281 | [Redacted] | [Redacted] | 35288098 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-29): Client elects to waive. |
12/29/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | KY | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224720281 | [Redacted] | [Redacted] | 35288110 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-29): Client elects to waive. |
12/29/2025 | No | 2 | A | A | A | A | A | A | B | B | KY | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224720491 | [Redacted] | [Redacted] | 35286293 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-29): Client elects to waive. |
12/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224720491 | [Redacted] | [Redacted] | 35286295 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-29): Client elects to waive. |
12/29/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Non QM | Non QM | No | |||||||||||||||
| 224720491 | [Redacted] | [Redacted] | 35286296 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-29): Client elects to waive. |
12/29/2025 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224720491 | [Redacted] | [Redacted] | 35286301 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception to close with Notice of Default regarding dispute with roofing company. Debt to be paid at closing. Condition for release of NOD, Max [redacted]% CLTV, Max [redacted]% DTI. | Borrower has owned the subject property for at least [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Combined Loan to Value: [redacted]% Guideline Maximum Combined Loan to Value: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-29): Client elects to waive with compensating factors. |
12/29/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Non QM | Non QM | No | ||||||||
| 224720491 | [Redacted] | [Redacted] | 35314416 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception for < [redacted]years in same line of work. Condition for release of NOD, Max [redacted]% CLTV, Max [redacted]% DTI. | Borrower has owned the subject property for at least [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Combined Loan to Value: [redacted]% Guideline Maximum Combined Loan to Value: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-29): Client elects to waive with compensating factors. |
12/29/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Non QM | Non QM | No | ||||||||
| 224721710 | [Redacted] | [Redacted] | 35292513 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-29): Client elects to waive. |
12/29/2025 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | D | B | A | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224721710 | [Redacted] | [Redacted] | 35292540 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-29): Client elects to waive. |
12/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | B | A | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224721710 | [Redacted] | [Redacted] | 35293391 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. [redacted]AVM's with the same Model Name were entered. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Both AVMs provided are from [redacted]. | Reviewer Comment (2026-01-13): Document provided Buyer Comment (2026-01-09): AVM Reviewer Comment (2026-01-07): Doc [redacted] both are AVM with different effective date and valuation provided by [redacted]. Buyer Comment (2026-01-05): one is a CDA and the other is a PDI |
01/13/2026 | No | 1 | D | A | A | A | D | A | A | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | B | A | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224721710 | [Redacted] | [Redacted] | 35920082 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy - LTV | Reviewer Comment (2026-03-02): updated documents provided Buyer Comment (2026-02-26): Here is the AVM with the correct value to be used in the amountof [redacted] can you please update the value to clear out the data discrepance on this file. Thanks. |
03/02/2026 | No | 1 | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | B | A | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224721710 | [Redacted] | [Redacted] | 36007414 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy: LTV | Reviewer Comment (2026-03-10): [redacted] is correct on this LTV. [redacted] will correct the appraised value to reflect [redacted]. |
03/10/2026 | No | 1 | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | B | A | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224723013 | [Redacted] | [Redacted] | 35294558 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-29): Waive per Client's guidance |
12/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224725574 | [Redacted] | [Redacted] | 35294415 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-29): Waive per Client's guidance |
12/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224725578 | [Redacted] | [Redacted] | 35294189 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per[redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of 'B'. | Buyer Comment (2026-01-07): pre approved waiver list |
01/07/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224725578 | [Redacted] | [Redacted] | 35294190 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-29): Waive per Client's guidance |
12/29/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | B | B | B | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224725578 | [Redacted] | [Redacted] | 35294191 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-29): Waive per Client's guidance |
12/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | B | B | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224725578 | [Redacted] | [Redacted] | 35294192 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title policy amount not provided in preliminary title policy. | Reviewer Comment (2026-01-13): Escrow Instructions provided confirming loan amount. Buyer Comment (2026-01-12): See [redacted] updated escrow instructions showing the final loan amount |
01/13/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | B | B | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224725776 | [Redacted] | [Redacted] | 35294223 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-29): Waive per Client's guidance |
12/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | B | B | Safe Harbor QM (APOR) | Non QM | No | ||||||||||||
| 224725776 | [Redacted] | [Redacted] | 35294224 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-29): Waive per Client's guidance |
12/29/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | B | B | Safe Harbor QM (APOR) | Non QM | No | |||||||||||||||
| 224725776 | [Redacted] | [Redacted] | 35294225 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-06): Client elects to waive. Buyer Comment (2026-01-04): PC Cert |
01/06/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | B | B | Safe Harbor QM (APOR) | Non QM | No | |||||||||||||
| 224725776 | [Redacted] | [Redacted] | 35314841 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to [redacted]([redacted]) business days from transaction date of [redacted]. | [redacted] disbursement date is on disclosed[redacted] RTC expiration date. | Reviewer Comment (2026-01-06): Updated Closing Statement, Disbursement date [redacted]. Buyer Comment (2026-01-04): [redacted] & disbursement ledger - disbursed on [redacted] |
01/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | B | B | Safe Harbor QM (APOR) | Non QM | Yes | |||||||||
| 224725776 | [Redacted] | [Redacted] | 35315057 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Unknown Loan Designation Test | Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation not provided. Loan tested as Non-QM. Due Diligence Loan Designation is Non QM. | Waterfall finding due to file does not contain a compliance report, UTD loan designation for testing. | Reviewer Comment (2026-01-06): Received compliance reportt. Cleared. Reviewer Comment (2026-01-06): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Ability to Repay / Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation not provided. Loan tested as Non-QM. Due Diligence Loan Designation is ATR Risk. Buyer Comment (2026-01-04): compliance report |
01/06/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | B | B | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 224725776 | [Redacted] | [Redacted] | 35315059 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees 2021 | Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted]on a Federal Total Loan Amount of $[redacted]vs. an allowable total of $[redacted](an overage of $[redacted]or [redacted]%). | Please provide the undiscounted rate and undiscounted price, this can usually be found on the Mavent compliance report or the discount point disclosure to determine if any of the discount points paid by borrower may be eligible for exclusion. | Reviewer Comment (2026-02-23): Lender direction to restate designation to Non QM via email and portal. Condition cleared. Buyer Comment (2026-02-23): Please re-designate as non-QM. Reviewer Comment (2026-01-13): Per the Lender's Mavent. The points and fees failed. The broker processing fee must be included in the QM points and fees calculation. Even without the Broker processing fee, the QM points and fees would still fail. Condition remains. Buyer Comment (2026-01-09): PC Cert Reviewer Comment (2026-01-06): QM Points and fees remain over the limit. The Mavent provided also indicates points and fees failed. Buyer Comment (2026-01-04): mavent report has been submitted |
02/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | B | B | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 224725776 | [Redacted] | [Redacted] | 35315079 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall finding due to file does not contain a compliance report, UTD loan designation for testing. | Reviewer Comment (2026-01-06): provided Buyer Comment (2026-01-04): mavent report has been submitted |
01/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | B | B | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 224725776 | [Redacted] | [Redacted] | 35348835 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | QM Points and fees remain over the limit. The Mavent provided also indicates points and fees failed. | Reviewer Comment (2026-02-23): Lender direction to restate designation to Non QM via email and portal. Condition cleared. Buyer Comment (2026-02-23): Please re-designate as non-QM. Reviewer Comment (2026-01-13): Per the Lender's Mavent. The points and fees failed. The broker processing fee must be included in the QM points and fees calculation. Even without the Broker processing fee, the QM points and fees would still fail. Condition remains. Buyer Comment (2026-01-09): PC Cert submitted |
02/23/2026 | No | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | A | A | C | B | B | B | Safe Harbor QM (APOR) | Non QM | Yes | ||||||||||||||
| 224725776 | [Redacted] | [Redacted] | 35480308 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy - DTI | Reviewer Comment (2026-01-23): As per provided 1008 document and DTI matches with 1008 and 1003 . Exception Cleared. Buyer Comment (2026-01-21): updated 1008 |
01/23/2026 | No | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | B | B | Safe Harbor QM (APOR) | Non QM | No | ||||||||||||||||
| 224725776 | [Redacted] | [Redacted] | 35866518 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Restated Loan Designation Match - General Ability to Repay | Ability to Repay (Dodd-Frank 2014): The initial Loan Designation provided did not match. However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. | Lender direction to restate designation to Non QM via email and portal. [redacted]is for informational purposes only. Lender may waive. | Reviewer Comment (2026-02-25): Client elects to waive. Buyer Comment (2026-02-23): please waive condition |
02/25/2026 | No | 2 | A | B | B | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | B | B | Safe Harbor QM (APOR) | Non QM | No | |||||||||||||||
| 224728338 | [Redacted] | [Redacted] | 35304193 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-06): Client elects to waive. Buyer Comment (2026-01-05): Please see DOC ID [redacted]for AVM |
01/06/2026 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224728338 | [Redacted] | [Redacted] | 35304194 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-29): Waive per Client's guidance |
12/29/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | AZ | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224728338 | [Redacted] | [Redacted] | 35304195 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-29): Waive per Client's guidance |
12/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224729780 | [Redacted] | [Redacted] | 35303172 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-01-21): waived per [redacted] |
01/21/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224729780 | [Redacted] | [Redacted] | 35303173 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-29): Waive per Client's guidance |
12/29/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224729780 | [Redacted] | [Redacted] | 35303174 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-29): Waive per Client's guidance |
12/29/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224729780 | [Redacted] | [Redacted] | 35303183 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Closing date in file is [redacted] and security instrument reflects Notary date as [redacted]. | Reviewer Comment (2026-02-13): Corrected receipt date for pccd with clerical errors per client. Transaction date per the final CD is [redacted]. Reviewer Comment (2026-02-09): The notary date on the security instrument and RTC signed date is[redacted] and it is being treated as the transaction date. The eligible disbursement date should have been[redacted]. The loan disbursement on [redacted] occurred before the required [redacted]-business-day period calculated from the transaction date. Exception remains Buyer Comment (2026-02-05): [redacted]respectfully disagrees with finding. Loan closed [redacted], recission period open from [redacted] - [redacted] and disbursed on [redacted]. This is a valid period of time. Please review [redacted], [redacted]and clear finding |
02/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224729780 | [Redacted] | [Redacted] | 35303185 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | Closing date in file is [redacted] and security instrument reflects Notary date as [redacted]. | Reviewer Comment (2026-02-13): Corrected receipt date for pccd with clerical errors per client. Transaction date per the final CD is [redacted]. Reviewer Comment (2026-02-09): The notary date on the security instrument and RTC signed date is [redacted], and it is being treated as the transaction date. The eligible disbursement date should have been [redacted]. The loan disbursement on [redacted] occurred before the required [redacted]-business-day period calculated from the transaction date. Exception remains Buyer Comment (2026-02-05): [redacted]respectfully disagrees with finding. Loan closed [redacted], recission period open from[redacted] - [redacted]and disbursed [redacted] This is a valid period of time. Please review [redacted], [redacted]and clear finding. |
02/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224730611 | [Redacted] | [Redacted] | 35304161 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Verification is missing for [redacted]. | Reviewer Comment (2026-01-07): No insurance on vacant land, exception cleared. Buyer Comment (2026-01-05): this is vacant land |
01/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 224730611 | [Redacted] | [Redacted] | 35304164 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-30): Client elects to waive. |
12/30/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224731084 | [Redacted] | [Redacted] | 35305716 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-30): Client elects to waive. |
12/30/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224731084 | [Redacted] | [Redacted] | 35305724 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-30): Client elects to waive. |
12/30/2025 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224731084 | [Redacted] | [Redacted] | 35305731 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-30): Client elects to waive. |
12/30/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224731084 | [Redacted] | [Redacted] | 35305756 | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | Document date is missing on Letter of explanation for Gap in employment. | Reviewer Comment (2026-01-28): Cleared. Updated entry to gap w/o LOE due to missing document date. Reviewer Comment (2026-01-28): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Borrower: [redacted] // Employment Type: Gap w/ LOE / Income Type: <empty> / Start Date: [redacted] // Document: Explanation Letter / Document Date: <empty> / Tax Year: <empty>, Borrower: [redacted]// Employment Type: Gap w/ LOE / Income Type: <empty> / Start Date: [redacted] // Document: Explanation Letter / Document Date: <empty> / Tax Year: <empty> Reviewer Comment (2026-01-22): Provided document is already updated in file. Require document date for gap in employment for [redacted] to [redacted]and [redacted] to [redacted]. Exception Remains. Buyer Comment (2026-01-21): [redacted]respectfully disagrees with finding. Document compliant based on signature date Buyer Comment (2026-01-21): LOE - Gap |
01/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224731087 | [Redacted] | [Redacted] | 35306830 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-30): Client elects to waive |
12/30/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224731087 | [Redacted] | [Redacted] | 35306873 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
The Investor's qualifying total DTI is higher than the Lender's qualifying DTI due Investment property rental calculation was calculated as per operation income statement. | Reviewer Comment (2026-01-14): Cleared. Received updated 1008. Buyer Comment (2026-01-12): agreed and corrected Reviewer Comment (2026-01-06): based on the [redacted] monthly rent $[redacted]using [redacted]% $[redacted]monthly rent of -$[redacted] Buyer Comment (2026-01-04): PC Cert |
01/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224731087 | [Redacted] | [Redacted] | 35480407 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy - DTI | Reviewer Comment (2026-01-16): Cleared. Recieved updated 1008. DTI matched DD review. Buyer Comment (2026-01-14): was this condition added by error? The DTI discrepancy has been resolved. |
01/16/2026 | No | 1 | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||||||
| 224731279 | [Redacted] | [Redacted] | 35307938 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted]valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): received avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | IN | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224731279 | [Redacted] | [Redacted] | 35307939 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-30): Client elects to waive. |
12/30/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | IN | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224731279 | [Redacted] | [Redacted] | 37038215 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | IN | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 224733794 | [Redacted] | [Redacted] | 35308873 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-30): Per deal note |
12/30/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224733794 | [Redacted] | [Redacted] | 35308874 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-30): per deal note |
12/30/2025 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224733794 | [Redacted] | [Redacted] | 35315142 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception to allow transferred appraisal for Valere Closed End Standalone [redacted]product. Max [redacted]% CLTV, Max [redacted]% DTI, CDA variance between [redacted]and +[redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-12-30): Lender Exception with Compensating Factors provided. Downgraded and Waived. |
12/30/2025 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Non QM | Non QM | No | ||||||||
| 224735085 | [Redacted] | [Redacted] | 35311912 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-01-28): waive per deal notes |
01/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224735085 | [Redacted] | [Redacted] | 35311921 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Reviewer Comment (2026-01-28): Corrected 1008 received with updated DTI. Exception cleared. Buyer Comment (2026-01-26): 1008 with updated taxes Reviewer Comment (2026-01-07): Diligence Investor Qualifying Total Debt Ratio: [redacted]%; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]%. 1008 shows [redacted]% difference is due to Taxes. 1008 shows $[redacted], Calculated taxes is $[redacted]. exception remains. Buyer Comment (2026-01-06): please see 1008 doc [redacted]for income calculations and doc [redacted]for income worksheet |
01/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224735085 | [Redacted] | [Redacted] | 35311965 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI | Reviewer Comment (2026-01-28): Corrected 1008 received with updated DTI. Exception cleared. Buyer Comment (2026-01-26): 1008 with updated taxes Reviewer Comment (2026-01-07): Final title policy with correct policy amount received. Exception Cleared. Buyer Comment (2026-01-06): please see 1008 doc [redacted]for income calculations and doc [redacted]for income worksheet |
01/28/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | PA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224735085 | [Redacted] | [Redacted] | 35311966 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to DTI | Reviewer Comment (2026-01-28): Corrected 1008 received with updated DTI. Exception cleared. Buyer Comment (2026-01-26): 1008 with updated taxes Reviewer Comment (2026-01-07): Diligence Investor Qualifying Total Debt Ratio: [redacted]%; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]%. 1008 shows [redacted]% difference is due to Taxes. 1008 shows $[redacted], Calculated taxes is $[redacted]. exception remains. Buyer Comment (2026-01-06): please see 1008 doc [redacted]for income calculations and doc [redacted]for income worksheet |
01/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224735085 | [Redacted] | [Redacted] | 35311967 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The[redacted] form was used, the[redacted] form should have been used. | The [redacted]form was used, the H-8 form should have been used. | Reviewer Comment (2026-01-13): Corrected RTC form received and verified. Exception cleared. Buyer Comment (2026-01-09): proof of delivery for RTC. delivered on [redacted] Reviewer Comment (2026-01-07): Received corrected RTC with a new rescission letter to borrower and mailing label. however, per [redacted] website, the package has not been delivered as of yet. File will require a new RTC, letter to borrower, mailing label. The borrower must have at least [redacted]business days from the date of receipt of the package to the rescission ending period. Buyer Comment (2026-01-06): revised rtc, lox and [redacted] label. new rescission date [redacted] |
01/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224735085 | [Redacted] | [Redacted] | 35480309 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy - DTI | Reviewer Comment (2026-01-28): Corrected 1008 received with updated DTI. Exception cleared. Buyer Comment (2026-01-26): 1008 with updated taxes |
01/28/2026 | No | 1 | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224735992 | [Redacted] | [Redacted] | 35316106 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-31): Waive per Client's guidance |
12/31/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224735992 | [Redacted] | [Redacted] | 35316107 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-12-31): Waive per Client's guidance |
12/31/2025 | No | 1 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Non QM | Non QM | No | |||||||||||||||
| 224735992 | [Redacted] | [Redacted] | 35316108 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-05): Client elects to waive. Buyer Comment (2026-01-04): PC Cert |
01/05/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Non QM | Non QM | No | |||||||||||||
| 224736665 | [Redacted] | [Redacted] | 35312843 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2025-12-31): Per deal notes |
12/31/2025 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224736665 | [Redacted] | [Redacted] | 35312844 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2025-12-31): AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
12/31/2025 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224737435 | [Redacted] | [Redacted] | 35316455 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted]valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-01-16): CDA received & associated. Exception cleared. Buyer Comment (2026-01-14): CDA |
01/16/2026 | No | 1 | D | A | A | A | D | A | A | D | A | TX | Primary | Refinance - Cash-out - Other | D | B | A | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||
| 224737435 | [Redacted] | [Redacted] | 35316458 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-02): Client elects to waive. |
01/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||||
| 224737435 | [Redacted] | [Redacted] | 35316898 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted]): Fannie Mae forms not used for closing of home equity loan. | Buyer Comment (2026-01-19): Waived per [redacted] |
01/19/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| 224737435 | [Redacted] | [Redacted] | 35319105 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Itemization of Points and Fees Not Provided At Least 1 Business Day Prior to Closing - With Waiver) | [redacted] Constitution Section [redacted]): Final itemized disclosure of fees, points, costs and charges not provided to borrower at least [redacted]([redacted]) business day prior to closing with waiver. | Reviewer Comment (2026-02-10): Initial CD associated, exception cleared Buyer Comment (2026-02-06): [redacted]hour |
02/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||
| 224737496 | [Redacted] | [Redacted] | 35316872 | Credit | Document Inventory | General | Missing Document | Evidence of Taxpayer Consent is Missing, and Taxpayer documentation is present. | Evidence of Taxpayer Consent is Missing | Reviewer Comment (2026-01-28): Evidence of Taxpayer Consent revalidated and associated. Exception cleared. Buyer Comment (2026-01-26): Doc Pkg Audit report |
01/28/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Home Improvement | B | B | B | A | A | A | B | B | Non QM | Non QM | No | |||||||||||
| 224737496 | [Redacted] | [Redacted] | 35316873 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-02): Client elects to waive. |
01/02/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Home Improvement | B | B | B | A | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224737496 | [Redacted] | [Redacted] | 35316879 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-02): Client elects to waive. |
01/02/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Home Improvement | B | B | B | A | A | A | B | B | Non QM | Non QM | No | |||||||||||||||
| 224737496 | [Redacted] | [Redacted] | 35316882 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-02): Client elects to waive. |
01/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Home Improvement | B | B | B | A | A | A | B | B | Non QM | Non QM | No | ||||||||||||
| 224737789 | [Redacted] | [Redacted] | 35321960 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-02): Client elects to waive. |
01/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224737811 | [Redacted] | [Redacted] | 35321985 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-01-09): Final title policy with correct policy amount received. Exception Cleared. |
01/09/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224737811 | [Redacted] | [Redacted] | 35321986 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-02): Client elects to waive. |
01/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224737811 | [Redacted] | [Redacted] | 35321987 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2026-01-09): Final title policy with correct policy amount received. Exception Cleared. Buyer Comment (2026-01-08): title commitment |
01/09/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224738774 | [Redacted] | [Redacted] | 35321989 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-02): Client elects to waive. |
01/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224738774 | [Redacted] | [Redacted] | 35321993 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of ___ is less than Cash From Borrower ___. | Reviewer Comment (2026-01-09): To Borrower $[redacted]. No cash to close from borrower Buyer Comment (2026-01-08): Borrower did not bring any funds to closing |
01/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224738774 | [Redacted] | [Redacted] | 35322015 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted]): Fannie Mae forms not used for closing of home equity loan. | Reviewer Comment (2026-01-09): [redacted] Constitution Section [redacted]([redacted])([redacted]) used and updated Buyer Comment (2026-01-07): Please confirm that waiving this condition will not impact grading. |
01/09/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224738774 | [Redacted] | [Redacted] | 35339842 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Bid Tape value is [redacted]% which is above max requirement of [redacted]% | Reviewer Comment (2026-01-13): DTI is matching with 1008 and within guideline limit. Exception cleared. Buyer Comment (2026-01-12): DTI corrected |
01/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224738774 | [Redacted] | [Redacted] | 35339843 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of ATR Risk. | Bid Tape value is [redacted]% which is above max requirement of [redacted]% | Reviewer Comment (2026-01-13): DTI is matching with 1008 and within guideline limit. Exception cleared. |
01/13/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224738774 | [Redacted] | [Redacted] | 35339848 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Bid Tape value is [redacted]% which is above max requirement of [redacted]% | Reviewer Comment (2026-01-13): DTI is matching with 1008 and within guideline limit. Exception cleared. |
01/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224738774 | [Redacted] | [Redacted] | 35339849 | Compliance | Compliance | Federal Compliance | Compliance | Not Eligible for QM based on Appendix Q | Qualified Mortgage: Loan submitted with an originator loan designation of Safe Harbor or Higher Priced QM using Appendix Q. Loans with creditor application date on or after [redacted] are not eligible for QM based on Appendix Q. Loan was tested for compliance with General ATR. Restated loan originator loan designation required to test loan for QM status under General QM (APOR) pricing-based test. | Bid Tape value is [redacted]% which is above max requirement of [redacted]% | Reviewer Comment (2026-01-13): DTI is matching with 1008 and within guideline limit. Exception cleared. |
01/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224738774 | [Redacted] | [Redacted] | 35480408 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy - DTI | Reviewer Comment (2026-01-20): Cleared. DTI matched lender 1008. Buyer Comment (2026-01-16): The DTI discrepancy on this loan has been resolved, please see conditions above. |
01/20/2026 | No | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224739423 | [Redacted] | [Redacted] | 35325244 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted]valuation from subject transaction is missing. Sec ID: [redacted] | Reviewer Comment (2026-01-12): Received [redacted]Valuation. Exception cleared. Buyer Comment (2026-01-08): cda |
01/12/2026 | No | 1 | N/A | A | A | A | N/A | A | A | A | IL | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | |||||||||||||||||
| 224739423 | [Redacted] | [Redacted] | 36365610 | Credit | Guideline | Guideline Issue | Guideline | Variance between diligence DSCR and bid tape DSCR does not meet [redacted]requirements. Variance is more than [redacted]. | Diligence DSCR: ___; Bid Tape DSCR: ___. |
Discrepancy in DSCR. Lender DSCR [redacted]%. DD calculated DSCR [redacted]%. Bid tape [redacted]%. Unable to determine discrepancy with the Bid tape DSCR.. | Reviewer Comment (2026-06-03): Client updated bid tape. Reviewer Comment (2026-06-03): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence DSCR: [redacted]; Bid Tape DSCR: [redacted]. Reviewer Comment (2026-05-22): The exception will be re-reviewed/updated upon receipt of the updated bid tape. Buyer Comment (2026-05-20): Hello, I have updated the current monthly rent to $[redacted][redacted]and [redacted]now align. This exception should be able to be completed. We will correct on the BID Tape tomorrow. Thank you. Reviewer Comment (2026-05-13): Please provide docuemntation to support the additional $[redacted]for actual rents recieved that is noted on the appaisal. Buyer Comment (2026-05-11): The additional $[redacted]is reflected on the Comparable Rent Schedule and is included as part of the total fair market rent currently being generated by the property. Additionally, the appraiser also identified this amount under the market rent analysis section of the appraisal. Based on the documentation provided, it appears the income was supported by the appraiser's determination of market rent and current rental operation of the subject property. Can you please update ther DSCR score using the additional [redacted]per month in rents. Reviewer Comment (2026-05-04): No new document located in the file with an updated DSCR calculation to address variance. Exception remains Buyer Comment (2026-04-30): Please disregard note. an email was sent with an updated DSCR calc to address vairance. Buyer Comment (2026-04-30): An updated bid tape will be provided to correct DSCR issue this week. |
06/03/2026 | No | 1 | A | A | A | A | A | IL | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||||||
| 224739424 | [Redacted] | [Redacted] | 35334912 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | [redacted]valuation not provided for securitization. | Reviewer Comment (2026-02-04): [redacted]valuation received and verified the details. Exception Cleared. Buyer Comment (2026-02-02): Please see attached CDA. Reviewer Comment (2026-01-21): Collateral risk score is [redacted], as per guidelines require [redacted]appraisal in the file. Exception Remains. Buyer Comment (2026-01-20): Per guidelines [redacted] loans require full interior an exterior appraisal. [redacted]valuation not required. Please waive per [redacted] |
02/04/2026 | No | 1 | D | A | A | A | D | A | A | D | A | MA | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||
| 224739424 | [Redacted] | [Redacted] | 35334938 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Condo warrantable document is not available in the file | Reviewer Comment (2026-01-21): Provided Project approved in initial shipping package verified and updated. Exception Cleared. Buyer Comment (2026-01-20): Please see updated 1008/1003 to bring bid-tape to accurate figures. Buyer Comment (2026-01-20): Please see attached document. Pages[redacted]are current policy and pages [redacted]are the renewal policy taking the policy period out to [redacted]. Buyer Comment (2026-01-20): It appears Acuity uploaded the condo approval to the wrong folder. Please see [redacted]for approval cert. |
01/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||
| 224739424 | [Redacted] | [Redacted] | 35334975 | Credit | Insurance | Insurance Documentation | Insurance | Insurance Policy Expiration Date is less than [redacted]days of the Note Date and does not have automatic renewal. | Hazard Insurance Expiry date is updated as per the document | Reviewer Comment (2026-01-23): Hazard Insurance Policy received. Exception cleared. Buyer Comment (2026-01-22): Please see attached document. Pages[redacted]are current policy and pages[redacted] are the renewal policy taking the policy period out to [redacted]. |
01/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||
| 224739424 | [Redacted] | [Redacted] | 35345430 | Credit | Guideline | Guideline Issue | Guideline | Variance between diligence DSCR and bid tape DSCR does not meet [redacted]requirements. Variance is more than [redacted]. | Diligence DSCR: ___; Bid Tape DSCR: ___. |
Discrepancy in DSCR. Bit tape reflects DSCR as [redacted], however DD calculation DSCR at [redacted]. | Reviewer Comment (2026-02-02): Cleared. Received updated worksheet reflected [redacted]DSCR. Buyer Comment (2026-01-29): Please see attached DSCR worksheet showing [redacted]to correct bid tap information. Reviewer Comment (2026-01-26): The 1008 and 1003 provided do not reflect an updated DSCR and correct PITIA. Buyer Comment (2026-01-22): Please see updated 1008/1003 to bring bid-tape to accurate figures. |
02/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||
| 224739425 | [Redacted] | [Redacted] | 35324572 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Reviewer Comment (2026-01-12): Appraisal provided. Exception cleared. Buyer Comment (2026-01-08): appraisal |
01/12/2026 | No | 1 | A | A | A | A | A | A | A | B | A | CO | Investment | Refinance - Cash-out - Other | B | A | A | A | B | A | N/A | No | ||||||||||||||||
| 224739565 | [Redacted] | [Redacted] | 35322876 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-05): Client elects to waive. |
01/05/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224739565 | [Redacted] | [Redacted] | 35322894 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - [redacted] Family not provided | Reviewer Comment (2026-01-13): [redacted]Family rider received. Buyer Comment (2026-01-09): [redacted] family rider |
01/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224739698 | [Redacted] | [Redacted] | 35322424 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-06): Client elects to waive. |
01/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224739698 | [Redacted] | [Redacted] | 35322425 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-06): Client elects to waive. |
01/06/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224739698 | [Redacted] | [Redacted] | 35322426 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per[redacted]Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-01-06): Client elects to waive. |
01/06/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224739698 | [Redacted] | [Redacted] | 35322427 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2026-01-12): E-Sign Consent Agreement received. Buyer Comment (2026-01-09): econsent |
01/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224739702 | [Redacted] | [Redacted] | 35335099 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted]valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-01-16): Exception cleared. Received CDA and updated correctly. Buyer Comment (2026-01-14): cda report |
01/16/2026 | No | 1 | D | A | A | A | D | A | A | D | A | TX | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||||
| 224739702 | [Redacted] | [Redacted] | 35335100 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-06): Client elects to waive. |
01/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||||
| 224739702 | [Redacted] | [Redacted] | 35335102 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Electronic consent date pending. | Reviewer Comment (2026-01-14): E-Sign Consent Agreement received. Exception cleared. Buyer Comment (2026-01-13): econsent |
01/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||
| 224739702 | [Redacted] | [Redacted] | 35335105 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Tax certificate document missing in loan file for the REO property address. | Reviewer Comment (2026-01-14): Tax Verification document received. Exception cleared. Buyer Comment (2026-01-13): reo[redacted] tax cert |
01/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||
| 224739708 | [Redacted] | [Redacted] | 35335177 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-06): The Client elects to Waive |
01/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224739710 | [Redacted] | [Redacted] | 35335331 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-06): Client elects to waive |
01/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224739710 | [Redacted] | [Redacted] | 35335333 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2026-01-22): Received CDA. Exception cleared. Buyer Comment (2026-01-21): CDA Reviewer Comment (2026-01-13): A [redacted]valuation report is required. Buyer Comment (2026-01-09): PC Cert |
01/22/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224739710 | [Redacted] | [Redacted] | 35335334 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per[redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-06): client elects to waive |
01/06/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224739710 | [Redacted] | [Redacted] | 35335477 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted]is over disclosed by $[redacted]compared to the calculated Amount Financed of $[redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Amount financed disclosed as $[redacted]vs actual amount of $[redacted]. Variance of $[redacted]due to Title- tax certificate fee not being disclosed on initial or final LE. | Reviewer Comment (2026-01-20): [redacted]received lender attestation confirming tax cert was one time fee Buyer Comment (2026-01-16): email attestation from title company Reviewer Comment (2026-01-12): While we acknowledge that a one-time up front tax determination used in the decisions to extend credit would be excluded from finance charge under [redacted][redacted], any portion of a charge for life of loan tax service is considered a finance charge. Without documentation evidencing which portion is for life of loan vs. one time upfront, the entire amount is included in finance charges for testing purposes pursuant to Comment [redacted][redacted]([redacted])-[redacted] which provides: For example, a fee for one or more determinations during the loan term of the current tax-lien status or flood-insurance requirements is a finance charge, regardless of whether the fee is imposed at closing, or when the service is performed. If a creditor is uncertain about what portion of a fee to be paid at consummation or loan closing is related to the initial decision to grant credit, the entire fee may be treated as a finance charge. If a one time fee, please provide an executed lender attestation confirming not life of loan fee but a one time upfront at closing fee for determination. Buyer Comment (2026-01-09): PC Cert |
01/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224739710 | [Redacted] | [Redacted] | 35335478 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $98,658.34 which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Finance charge disclosed as $[redacted]vs actual amount of $[redacted]. Variance of $[redacted]due to Title- tax certificate fee not being disclosed on initial or final LE. | Reviewer Comment (2026-01-20): [redacted]received lender attestation confirming tax cert was one time fee Buyer Comment (2026-01-16): submitted email attestation from title company |
01/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224739904 | [Redacted] | [Redacted] | 35335591 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $[redacted]in Title commitment is less than the note amount of $[redacted]. | Reviewer Comment (2026-01-13): Received Title Preliminary with corrected Proposed Insured amount $[redacted]. Exception cleared. Buyer Comment (2026-01-09): updated commit upld |
01/13/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | OK | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224739904 | [Redacted] | [Redacted] | 35335593 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-06): The Client elects to Waive |
01/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OK | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224740042 | [Redacted] | [Redacted] | 35335212 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-01-16): okay to waive per deal notes/[redacted] |
01/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224740042 | [Redacted] | [Redacted] | 35335215 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Variance in DTI is due to lender utilizing a higher P&I for first mortgage. | Reviewer Comment (2026-01-16): Calculated DTI matches with corrected 1008, exception cleared. Buyer Comment (2026-01-14): revised 1008 uploaded |
01/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224740042 | [Redacted] | [Redacted] | 35335216 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception provided: Requesting to permit a [redacted]housing payment history. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-01-06): Lender Exception with Compensating Factors provided. |
01/06/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224740042 | [Redacted] | [Redacted] | 35335217 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception provided: Requesting to permit a [redacted]-credit score. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-01-06): Lender Exception with Compensating Factors provided. |
01/06/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224740042 | [Redacted] | [Redacted] | 35335226 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI exceeding limit in Data Compare Screen. Variance in DTI is due to [redacted]Lien P&I. 1008 reflects $[redacted]while Mortgage statement P&I is $[redacted]. | Reviewer Comment (2026-01-16): Calculated DTI matches with corrected 1008, exception cleared. |
01/16/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224740042 | [Redacted] | [Redacted] | 35335227 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to DTI exceeding limit in Data Compare Screen. Variance in DTI is due to [redacted]Lien P&I. 1008 reflects $[redacted]while Mortgage statement P&I is $[redacted]. | Reviewer Comment (2026-01-16): Calculated DTI matches with corrected 1008, exception cleared. |
01/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224740064 | [Redacted] | [Redacted] | 35335485 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Unknown Loan Designation Test | Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation not provided. Loan tested as Non-QM. Due Diligence Loan Designation is ATR Risk. | Unable to verify loan designation as missing compliance report. | Reviewer Comment (2026-01-15): Compliance report received & loan designation updated. Exception cleared. Buyer Comment (2026-01-13): Final Mavent |
01/15/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224740064 | [Redacted] | [Redacted] | 35335486 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to VVOE not provided within [redacted]business days prior to closing for borrower. | Reviewer Comment (2026-01-15): VOE received within [redacted]business days of Note. Exception cleared. Buyer Comment (2026-01-14): Final VOE |
01/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224740064 | [Redacted] | [Redacted] | 35335487 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM DTI | Qualified Mortgage (Dodd-Frank 2014): Total Debt to Income Ratio exceeds [redacted]% and the images do not provide evidence loan is eligible for purchase, guarantee or insurance by the appropriate agency. | Waterfall due to VVOE not provided within 10 business days prior to closing for borrower. | Reviewer Comment (2026-01-15): Compliance report received & loan designation updated. Exception cleared. Buyer Comment (2026-01-14): Please see final VOE uploaded today |
01/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224740064 | [Redacted] | [Redacted] | 35335488 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | VVOE not provided within [redacted]business days prior to closing for borrower. | Reviewer Comment (2026-01-15): VOE received within [redacted]business days of Note. Exception cleared. Buyer Comment (2026-01-14): Please see final VOE uploaded today |
01/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224740064 | [Redacted] | [Redacted] | 35335489 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted]business days of the Note. | - | VVOE not provided within [redacted]business days prior to closing for borrower. | Reviewer Comment (2026-01-15): VOE received within [redacted]business days of Note. Exception cleared. Buyer Comment (2026-01-14): Please see final VOE uploaded today |
01/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224740064 | [Redacted] | [Redacted] | 35335493 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | VM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2026-01-06): Client elects to waive. |
01/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224740064 | [Redacted] | [Redacted] | 35335497 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title policy amount of $[redacted]in Commitment title policy is less the note amount of $[redacted]. | Reviewer Comment (2026-01-15): Title commitment received & coverage amount updated. Exception cleared. Buyer Comment (2026-01-14): Commitment |
01/15/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224740064 | [Redacted] | [Redacted] | 35335502 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | VVOE not provided within [redacted]business days prior to closing for borrower. | Reviewer Comment (2026-01-15): VOE received within [redacted]business days of Note. Exception cleared. Buyer Comment (2026-01-14): Please see final VOE uploaded today |
01/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224740064 | [Redacted] | [Redacted] | 35335503 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to VVOE not provided within [redacted]business days prior to closing for borrower. | Reviewer Comment (2026-01-15): VOE received within [redacted]business days of Note. Exception cleared. Buyer Comment (2026-01-14): Please see final VOE uploaded today |
01/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224746322 | [Redacted] | [Redacted] | 35337143 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2026-01-06): Client elects to waive. |
01/06/2026 | No | 2 | A | A | A | A | A | A | B | B | IL | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224746322 | [Redacted] | [Redacted] | 35337144 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM used missing exterior property inspection required by guidelines | Reviewer Comment (2026-01-06): Client elects to waive. |
01/06/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | IL | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 224746322 | [Redacted] | [Redacted] | 35337145 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-06): Client elects to waive. |
01/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224758555 | [Redacted] | [Redacted] | 35363657 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Final 1003 signed by the borrower at closing is missing. | Reviewer Comment (2026-01-14): Received Final 1003 signed and dated by both the borrower. Exception Cleared. Buyer Comment (2026-01-13): final 1003 |
01/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224761013 | [Redacted] | [Redacted] | 35341035 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-06): Client elects to waive. |
01/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224761013 | [Redacted] | [Redacted] | 35341036 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted]Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-06): Client elects to waive. |
01/06/2026 | No | 2 | A | A | A | A | A | A | B | B | MO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224761013 | [Redacted] | [Redacted] | 35350427 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted]form should have been used. | This is a new transaction for a second lien and as a result requires the H-8 form for the right to cancel. | Reviewer Comment (2026-01-28): Correct RTC form received. Buyer Comment (2026-01-26): New RTC with receipt |
01/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224762490 | [Redacted] | [Redacted] | 35340455 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-26): Client elects to waive. |
01/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224762490 | [Redacted] | [Redacted] | 35340456 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-26): Client elects to waive. Buyer Comment (2026-01-26): AVM and PCI provided as there is no appraisal. per guidelines sec [redacted], AVM and PCI are acceptable in lieu of a full appraisal. Reviewer Comment (2026-01-15): Unable to clear.A secondary valuation report is required. Buyer Comment (2026-01-13): please see AVM doc [redacted]and PCI doc [redacted] |
01/26/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | UT | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 224762490 | [Redacted] | [Redacted] | 35340457 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-26): Client elects to waive. Buyer Comment (2026-01-26): AVM doc [redacted]and PCI doc [redacted]were both provided prior to note date |
01/26/2026 | No | 2 | A | A | A | A | A | A | B | B | UT | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224765964 | [Redacted] | [Redacted] | 35346533 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-07): Client elects to waive |
01/07/2026 | No | 2 | A | A | A | A | A | A | B | B | WA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224765964 | [Redacted] | [Redacted] | 35346534 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-07): Client elects to waive |
01/07/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | WA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224765964 | [Redacted] | [Redacted] | 35346535 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-07): Client elects to waive |
01/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224766199 | [Redacted] | [Redacted] | 35346705 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-07): Client elects to waive. |
01/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224771841 | [Redacted] | [Redacted] | 35346945 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-07): Client elects to waive. |
01/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224771841 | [Redacted] | [Redacted] | 35346946 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-07): Client elects to waive. |
01/07/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 224771841 | [Redacted] | [Redacted] | 35346947 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-07): Client elects to waive. |
01/07/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224771842 | [Redacted] | [Redacted] | 35346800 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-07): Client elects to waive. |
01/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224773438 | [Redacted] | [Redacted] | 35347111 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-07): Client elects to waive. |
01/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | SD | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224773438 | [Redacted] | [Redacted] | 35347112 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-07): Client elects to waive. |
01/07/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | SD | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224773438 | [Redacted] | [Redacted] | 35347113 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-07): Client elects to waive. |
01/07/2026 | No | 2 | A | A | A | A | A | A | B | B | SD | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224773441 | [Redacted] | [Redacted] | 35351514 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI variance. Lenders DTI: [redacted]%. Review DTI: [redacted]%. DTI variance is due to -$[redacted] in losses on investment property not being considered by lender. | Reviewer Comment (2026-02-17): Cleared. Received updated 1008 and 1003. DTI is within [redacted]% tolerance. Reviewer Comment (2026-02-17): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]%; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]%. Buyer Comment (2026-02-16): See new 1008/1003. The negative rents of $[redacted]have always been being included in total debt on the 1008 but I have corrected the 1003 so it shows there as well. Regarding additional income, as previously stated in comments[redacted] and in rebuttal [redacted], additional income comes from [redacted]% of the cash out from subject for passive assets/income. The worksheet/calculator for this income was previously uploaded and now found in Out of Scope- Trailing Other. Reviewer Comment (2026-02-13): -$[redacted]in losses on investment property not being considered by lender. Total income Calculated is $[redacted]. Please provide documents to support the extra income of $[redacted] Buyer Comment (2026-02-12): Please see attached rebuttal form explaining income, debt and property taxes Reviewer Comment (2026-02-10): Bank statements provided shows average [redacted]year income $[redacted]. please provide statements showing higher income. please provide statement business pays the car note. Buyer Comment (2026-02-09): Please see updated 1008/1003 to reflect the missing taxes for the subject and the negative rental income from the REO. Additionally, the borrower's business was paying the [redacted] auto lease that can be omitted from the DTI. Added [redacted]% of the cash out from subject for passive assets and the DTI now reflects [redacted]%. Please see attached Passive income worksheet. Note the taxes for the subject was lower based on the [redacted]tax calculated, which included the addl assessment. Thank you. |
02/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224773441 | [Redacted] | [Redacted] | 35351532 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Unknown Loan Designation Test | Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation not provided. Loan tested as Non-QM. Due Diligence Loan Designation is ATR Risk. | ATR risk due to DTI variance. Lenders DTI: [redacted]%. Review DTI: [redacted]%. DTI variance is due to -$[redacted]in losses on investment property not being considered by lender. | Reviewer Comment (2026-02-13): Compliance report shows [redacted] APOR Buyer Comment (2026-02-12): Please see attached rebuttal form explaining income, debt and property taxes Reviewer Comment (2026-02-10): Bank statements provided shows average [redacted]year income $[redacted]. please provide statements showing higher income. please provide statement business pays the car note. Buyer Comment (2026-02-09): [redacted] - Please see updated 1008/1003 to reflect the missing taxes for the subject and the negative rental income from the REO. Additionally, the borrower's business was paying the [redacted] auto lease that can be omitted from the DTI. Added [redacted]% of the cash out from subject for passive assets and the DTI now reflects [redacted]%. Please see attached Passive income worksheet. Note the taxes for the subject was lower based on the [redacted] tax calculated, which included the addl assessment. Thank you. |
02/13/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224773441 | [Redacted] | [Redacted] | 35351533 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability to Repay - Bank Statement Guidelines Require [redacted]or more Months | Ability to Repay (Dodd-Frank 2014): Guidelines require [redacted]or more consecutive months bank statements. | Reviewer Comment (2026-02-13): Compliance report shows [redacted] APOR |
02/13/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224773441 | [Redacted] | [Redacted] | 35351534 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM DTI | Qualified Mortgage (Dodd-Frank 2014): Total Debt to Income Ratio exceeds [redacted]% and the images do not provide evidence loan is eligible for purchase, guarantee or insurance by the appropriate agency. | ATR risk due to DTI variance. Lenders DTI: [redacted]%. Review DTI: [redacted]%. DTI variance is due to -$[redacted]in losses on investment property not being considered by lender. | Reviewer Comment (2026-02-13): Compliance report shows [redacted] APOR Buyer Comment (2026-02-12): Please see attached rebuttal form explaining income, debt and property taxes Reviewer Comment (2026-02-10): Bank statements provided shows average [redacted]year income $[redacted]. please provide statements showing higher income. please provide statement business pays the car note. Buyer Comment (2026-02-09): [redacted] - Please see updated 1008/1003 to reflect the missing taxes for the subject and the negative rental income from the REO. Additionally, the borrower's business was paying the [redacted] auto lease that can be omitted from the DTI. Added [redacted]% of the cash out from subject for passive assets and the DTI now reflects [redacted]%. Please see attached Passive income worksheet. Note the taxes for the subject was lower based on the [redacted]tax calculated, which included the addl assessment. Thank you. |
02/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224773441 | [Redacted] | [Redacted] | 35351546 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR risk due to DTI variance. Lenders DTI: [redacted]%. Review DTI: [redacted]%. DTI variance is due to -$[redacted]in losses on investment property not being considered by lender. | Reviewer Comment (2026-02-13): Compliance report shows [redacted] APOR Buyer Comment (2026-02-12): Please see attached rebuttal form explaining income, debt and property taxes Reviewer Comment (2026-02-10): Bank statements provided shows average [redacted]year income $[redacted]. please provide statements showing higher income. please provide statement business pays the car note. Buyer Comment (2026-02-09): [redacted] - Please see updated 1008/1003 to reflect the missing taxes for the subject and the negative rental income from the REO. Additionally, the borrower's business was paying the [redacted]auto lease that can be omitted from the DTI. Added [redacted]% of the cash out from subject for passive assets and the DTI now reflects [redacted]%. Please see attached Passive income worksheet. Note the taxes for the subject was lower based on the [redacted]tax calculated, which included the addl assessment. Thank you. |
02/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224773441 | [Redacted] | [Redacted] | 35358284 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Other Income - Not to be used for qualifying | Qualified Mortgage (Dodd-Frank 2014): Income used to qualify borrower(s) not permitted for use under Appendix Q. | Exception due to loan designation being shown as UTD. Loan designation cannot be updated due to missing compliance report. | Reviewer Comment (2026-02-13): Compliance report shows[redacted] APOR Buyer Comment (2026-02-12): Please see attached rebuttal form explaining income, debt and property taxes Reviewer Comment (2026-02-10): Bank statements provided shows average [redacted]year income $[redacted]. please provide statements showing higher income. please provide statement business pays the car note. Buyer Comment (2026-02-09): Please see attached Mavent report. |
02/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224773441 | [Redacted] | [Redacted] | 35772682 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Appendix Q Liabilities - Invalid Exclusion Basis | Qualified Mortgage (Dodd-Frank 2014): One or more liabilities have been excluded from DTI calculation for a prohibited reason. | Reviewer Comment (2026-02-13): updated Buyer Comment (2026-02-12): Please see attached rebuttal form explaining income, debt and property taxes |
02/13/2026 | No | 1 | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224773441 | [Redacted] | [Redacted] | 35812560 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Reviewer Comment (2026-02-17): Cleared. Received updated 1008 and 1003. DTI is within [redacted]% tolerance. Buyer Comment (2026-02-16): See new 1008/1003. The negative rents of $[redacted]have always been being included in total debt on the 1008 but I have corrected the 1003 so it shows there as well. Regarding additional income, as previously stated in comments [redacted] and in rebuttal [redacted], additional income comes from [redacted]% of the cash out from subject for passive assets/income. The worksheet/calculator for this income was previously uploaded and now found in Out of Scope- Trailing Other. |
02/17/2026 | No | 1 | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224773441 | [Redacted] | [Redacted] | 35812566 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of[redacted] QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Compliance report shows [redacted] | Reviewer Comment (2026-02-17): Cleared. Received updated 1008 and 1003. DTI is within [redacted]% tolerance. Buyer Comment (2026-02-16): See new 1008/1003. The negative rents of $[redacted]have always been being included in total debt on the 1008 but I have corrected the 1003 so it shows there as well. Regarding additional income, as previously stated in comments [redacted] and in rebuttal [redacted], additional income comes from [redacted]% of the cash out from subject for passive assets/income. The worksheet/calculator for this income was previously uploaded and now found in Out of Scope- Trailing Other. |
02/17/2026 | No | 1 | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||||
| 224778100 | [Redacted] | [Redacted] | 35354280 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-07): Client elects to waive. |
01/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224778100 | [Redacted] | [Redacted] | 35354303 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted]is over disclosed by $[redacted]compared to the calculated Amount Financed of $[redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Amount financed disclosed as $[redacted]vs actual amount of $[redacted]. Variance of $[redacted]. | Reviewer Comment (2026-02-03): [redacted]received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission. Buyer Comment (2026-02-02): rtc and proof of delivery upld, rescission expires [redacted], please clear cond after. Reviewer Comment (2026-01-28): [redacted]received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Buyer Comment (2026-01-27): pccd docs upld Reviewer Comment (2026-01-20): [redacted]received lender emails and rebuttal related to the $[redacted]Title-Title-Services Fee-Lender $[redacted]. As noted in the explanation from the settlement agent the fee includes $[redacted]recording service fee, $[redacted][redacted] overnight fee & $[redacted]recording docs return fee. Additionally, rebuttal states that they are one time services fees and ot life of loan. That a fee is a one time fee does not determine if a finance charge, the type of fee such as a Title Tax Cert that is not a life of loan cert fee that lender would continue that service would need clarification if a one time fee or not. But the determination of a finance charge is the service provided and if related to the extensiion of credit or a fee that would be charged in a comparable cash only transaction. The listed fees are finance charges and related to the extension of credit. A cure is due to borrower with a Corrected CD, LOE to borrower, copy of cure refund for $[redacted], proof of mailing and proof of reopening of rescission to all consumers. Buyer Comment (2026-01-16): rebuttal and support docs upld |
02/03/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224778100 | [Redacted] | [Redacted] | 35354304 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted]disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Finance charge disclosed as $[redacted]vs actual amount of $[redacted]. Variance of $[redacted]. | Reviewer Comment (2026-02-03): [redacted]received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission. Buyer Comment (2026-02-02): rtc and proof of delivery upld, rescission expires[redacted] please clear cond after. Reviewer Comment (2026-01-28): [redacted]received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Buyer Comment (2026-01-27): pccd docs upld to trl docs Reviewer Comment (2026-01-20): [redacted]received lender emails and rebuttal related to the $[redacted]Title-Title-Services Fee-Lender $[redacted]. As noted in the explanation from the settlement agent the fee includes $[redacted]recording service fee, $[redacted][redacted] overnight fee & $[redacted]recording docs return fee. Additionally, rebuttal states that they are one time services fees and ot life of loan. That a fee is a one time fee does not determine if a finance charge, the type of fee such as a Title Tax Cert that is not a life of loan cert fee that lender would continue that service would need clarification if a one time fee or not. But the determination of a finance charge is the service provided and if related to the extensiion of credit or a fee that would be charged in a comparable cash only transaction. The listed fees are finance charges and related to the extension of credit. A cure is due to borrower with a Corrected CD, LOE to borrower, copy of cure refund for $[redacted], proof of mailing and proof of reopening of rescission to all consumers. Buyer Comment (2026-01-16): rebuttal and support docs upld to trl docs |
02/03/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224778103 | [Redacted] | [Redacted] | 35353402 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-07): Client elects to waive. |
01/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TN | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224781631 | [Redacted] | [Redacted] | 35362220 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-08): Client elects to waive. |
01/08/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | MI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224781631 | [Redacted] | [Redacted] | 35362224 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-08): Client elects to waive. |
01/08/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224781631 | [Redacted] | [Redacted] | 35362227 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted]Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-08): Client elects to waive. |
01/08/2026 | No | 2 | A | A | A | A | A | A | B | B | MI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224781632 | [Redacted] | [Redacted] | 35390285 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Reviewer Comment (2026-01-22): Subject transaction is [redacted]lien and loan amount is less than coverage amount. Exception Cleared. Buyer Comment (2026-01-21): Replacement cost confirmed, hazard is fine as is |
01/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224781632 | [Redacted] | [Redacted] | 35390287 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-09): Client elects to waive |
01/09/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224781632 | [Redacted] | [Redacted] | 35390289 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-09): Client elects to waive |
01/09/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 224781632 | [Redacted] | [Redacted] | 35390290 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-01-09): Client elects to waive |
01/09/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224781749 | [Redacted] | [Redacted] | 35366412 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-08): Client elects to waive. |
01/08/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224781749 | [Redacted] | [Redacted] | 35366414 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-01-23): CDA received and verified. Exception cleared. Buyer Comment (2026-01-21): CDA |
01/23/2026 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224781749 | [Redacted] | [Redacted] | 35367074 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | [redacted] statement for [redacted] on Account #[redacted]is missing in file. | Reviewer Comment (2026-01-15): Bank statement received for the month of [redacted]& associated. Exception cleared. Buyer Comment (2026-01-13): [redacted]statement |
01/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224781749 | [Redacted] | [Redacted] | 35367227 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | [redacted]statement for [redacted] on Account #[redacted]is missing in file. | Reviewer Comment (2026-01-15): Bank statement received for the month of [redacted]& associated. Exception cleared. Buyer Comment (2026-01-13): [redacted]statement submitted |
01/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224781749 | [Redacted] | [Redacted] | 35367244 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of [redacted]QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to[redacted] statement for [redacted] on Account #[redacted]is missing in file. | Reviewer Comment (2026-01-15): Bank statement received for the month of [redacted]& associated. Exception cleared. Buyer Comment (2026-01-13): [redacted]statement submitted |
01/15/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224781749 | [Redacted] | [Redacted] | 35367248 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to [redacted] statement for [redacted] on Account #[redacted]is missing in file. | Reviewer Comment (2026-01-15): Bank statement received for the month of [redacted]& associated. Exception cleared. Buyer Comment (2026-01-13): [redacted]statement submitted |
01/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224781749 | [Redacted] | [Redacted] | 35367249 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | ATR risk due to [redacted]statement for [redacted] on Account #[redacted]is missing in file. | Reviewer Comment (2026-01-15): Bank statement received for the month of [redacted]& associated. Exception cleared. Buyer Comment (2026-01-13): [redacted]statement submitted |
01/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224781749 | [Redacted] | [Redacted] | 35367250 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | [redacted] statement for [redacted] on Account #[redacted]is missing in file. | Reviewer Comment (2026-01-15): Bank statement received for the month of [redacted]& associated. Exception cleared. Buyer Comment (2026-01-13): [redacted]statement submitted |
01/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224790871 | [Redacted] | [Redacted] | 35387872 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-09): Client elects to waive |
01/09/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NV | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224790871 | [Redacted] | [Redacted] | 35387873 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation is not required as AVM Value is supported. | Reviewer Comment (2026-01-09): Client elects to waive |
01/09/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NV | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224790871 | [Redacted] | [Redacted] | 35387878 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-01-09): Client elects to waive |
01/09/2026 | No | 2 | A | A | A | A | A | A | B | B | NV | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224790871 | [Redacted] | [Redacted] | 35387883 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Rider - Other not provided | Missing Inter Vivos Trust Rider. | Reviewer Comment (2026-01-21): [redacted] Trust Rider received. Buyer Comment (2026-01-20): Please see attached Trust Rider. |
01/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 224790871 | [Redacted] | [Redacted] | 35387885 | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | - | Document Issue date is missing. | Reviewer Comment (2026-01-26): Received required documentation. Condition cleared. Buyer Comment (2026-01-22): Please see attached screen prints to support signature dates. The Document in [redacted]was e-signed and uploaded to our document system on [redacted] (already signed at the time of upload). The other documents were signed at closing and were included in the final closing package that was delivered to us. I screen printed the signed letters highlighting the package where the document was found and also a copy of the [redacted] page of the NOTE to help support that this is the signed closing package (in the thumbnails you can also see the Alonge and other pages of the note, the file has [redacted] pages. In addition, I have included the closing instructions were the u/w requested the documents to be signed (page [redacted] of closing instructions). Hopefully this road map makes sense and you can clear using this information. Reviewer Comment (2026-01-21): LOX provided by the borrower regards to deposit amount, hardship reason document ([redacted], [redacted]& [redacted]) does not have sign and date. Buyer Comment (2026-01-20): Unclear which income document you are referring to that is not dated. The bank statements all have dates, and the business license shows the date the information was pulled from [redacted]Business Portal on the header, ([redacted]). Certificate of Good Standing is dated [redacted], Please clear or provide additional information as to which document you are needing. |
01/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224790872 | [Redacted] | [Redacted] | 35387726 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-09): Client elects to waive. |
01/09/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OR | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224825441 | [Redacted] | [Redacted] | 35388829 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-09): Client elects to waive. |
01/09/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224852684 | [Redacted] | [Redacted] | 35442068 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-15): Client elects to waive. Buyer Comment (2026-01-14): you may waive. |
01/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224852684 | [Redacted] | [Redacted] | 35442069 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2026-01-22): Desk Review CDA for the subject property is already provided in file. Exception cleared. Buyer Comment (2026-01-20): CDA |
01/22/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224852684 | [Redacted] | [Redacted] | 35442070 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-12): lender elects to waive |
01/12/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224852684 | [Redacted] | [Redacted] | 35442092 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Hazard Insurance, HOA document missing for property located at [redacted]Valentino. | Reviewer Comment (2026-01-26): Cleared. Received CD. Buyer Comment (2026-01-22): final CD for refinanced property Reviewer Comment (2026-01-16): Received Insurance Verification and [redacted]. As per 1003 total payments are $[redacted]. Required supporting documents to verify other payments of $[redacted]. Exception remains Buyer Comment (2026-01-14): HOI + appraisal for verification of no HOA dues |
01/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224852684 | [Redacted] | [Redacted] | 35444920 | Credit | Credit | Miscellaneous | Credit | A copy of Income Verification Report is not on file. | Lender exception request to pay off forbearance on title using proceeds is counter-offered to max [redacted]% CLTV. Lender must provide evidence that forbearance lien from [redacted]was directly related to covid. Subject to meeting all other signature closed-end [redacted]guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% Loan Purpose: [redacted] Monthly Debt Reduction: [redacted]% |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-01-12): Lender Exception with Compensating Factors provided. |
01/12/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224852686 | [Redacted] | [Redacted] | 35442180 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-12): client elects to waive |
01/12/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224852686 | [Redacted] | [Redacted] | 35442185 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing mortgage statements for primary residence - [redacted] | Reviewer Comment (2026-02-02): Received Mortgage statement and associated, Exception Cleared. Buyer Comment (2026-01-28): mtg stmnt upld |
02/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224852686 | [Redacted] | [Redacted] | 35442188 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing HOA verification for REO - [redacted] | Reviewer Comment (2026-02-02): Received HOA verification and associated, Exception Cleared. Buyer Comment (2026-01-28): hoa stmnt upld |
02/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224852686 | [Redacted] | [Redacted] | 35442189 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing HOA verification for REO - [redacted] | Reviewer Comment (2026-02-02): Received HOA verification and associated, Exception Cleared. Buyer Comment (2026-01-28): hoa upld |
02/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224852686 | [Redacted] | [Redacted] | 35442194 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing mortgage statements and HOA verification for REO - [redacted] | Reviewer Comment (2026-02-02): Received mortgage statement and hoa verification and associated, Exception Cleared Buyer Comment (2026-01-28): hoa, note and cd upld |
02/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224853707 | [Redacted] | [Redacted] | 35442625 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-12): Client Elects to waive |
01/12/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224853707 | [Redacted] | [Redacted] | 35442629 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Provide Insurance verification for the property [redacted] | Reviewer Comment (2026-01-23): Insurance Verification received & associated. Exception cleared. Buyer Comment (2026-01-21): Please see attached HO6 insurance for the property located at [redacted]. |
01/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224853707 | [Redacted] | [Redacted] | 35442651 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Provide Insurance verification for the property [redacted] | Reviewer Comment (2026-01-28): REO docs received. Buyer Comment (2026-01-26): I'm sorry that I didn't understand condition was actually requesting to verify Debt service of $[redacted]as exception stated to provide insurance verification. The taxes and insurance are escrowed as indicated on the mortgage statement. See attached verification of HOA dues of $[redacted][redacted]($[redacted]monthly). Also see attached 1008/1003 with the debt service obligation on this property corrected. Hopefully this clears up the inaccurate data on the 1003. Buyer Comment (2026-01-26): I'm sorry that I didn't understand condition was actually requesting to verify Debt service of $[redacted]as exception stated to provide insurance verification. The taxes and insurance are escrowed as indicated on the mortgage statement. See attached verification of HOA dues of $[redacted]quarterly ($[redacted]monthly). Also see attached 1008/1003 with the debt service obligation on this property corrected. Hopefully this clears up the inaccurate data on the 1003. Buyer Comment (2026-01-26): I'm sorry that I didn't understand condition was actually requesting to verify Debt service of $[redacted]as exception stated to provide insurance verification. The taxes and insurance are escrowed as indicated on the mortgage statement. See attached verification of HOA dues of $[redacted]quarterly ($491.64 monthly). Also see attached 1008/1003 with the debt service obligation on this property corrected. Hopefully this clears up the inaccurate data on the 1003. Reviewer Comment (2026-01-23): Verification is required for monthly payment amount is available on Final 1003 is $[redacted]. Exception remains. Buyer Comment (2026-01-21): Please see the attached mortgage statement showing escrows collected. |
01/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224853707 | [Redacted] | [Redacted] | 35442658 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Provide Insurance verification for the property [redacted] | Reviewer Comment (2026-01-23): Insurance Verification received & associated. Exception cleared. Buyer Comment (2026-01-21): Please see attached H06 insurance for the property located at [redacted]. |
01/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224854054 | [Redacted] | [Redacted] | 35448394 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for assisted living facility (ineligible property type) is approved. Per disposition, max [redacted]% LTV, appraiser to comment that no modifications have been done that will affect marketability, sample care agreement showing no medical care is being provided on site, property must be valued as residential with residential comps. subject to meeting all other guideline requirements. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. Combined Loan to Value: [redacted]% Guideline Maximum Combined Loan to Value: [redacted]% The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-01-13): Lender Exception with Compensating Factors provided. |
01/13/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||
| 224854054 | [Redacted] | [Redacted] | 35448721 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-13): lender elects to waive |
01/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224854059 | [Redacted] | [Redacted] | 35443048 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation is not available, as would be required for securitization. | Reviewer Comment (2026-01-13): Client elects to waive. |
01/13/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224854059 | [Redacted] | [Redacted] | 35443049 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted]Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B | Reviewer Comment (2026-01-13): Client elects to waive. |
01/13/2026 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224854059 | [Redacted] | [Redacted] | 35443050 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-13): Client elects to waive. |
01/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224854059 | [Redacted] | [Redacted] | 35443068 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage Statement of REO property is missing. | Reviewer Comment (2026-01-20): First payment letter received and verified. Exception cleared. Buyer Comment (2026-01-15): First Payment Letter |
01/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224854455 | [Redacted] | [Redacted] | 35442754 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | HOA Verification is missing for [redacted] | Reviewer Comment (2026-01-21): HOA verification document received. Buyer Comment (2026-01-19): HOA |
01/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224854455 | [Redacted] | [Redacted] | 35442758 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | HOA Verification is missing for [redacted] | Reviewer Comment (2026-01-21): HOA verification document received. Buyer Comment (2026-01-19): HOA |
01/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224854455 | [Redacted] | [Redacted] | 35442759 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-13): The Client elects to waive |
01/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224854512 | [Redacted] | [Redacted] | 35443162 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-13): Client elects to waive. |
01/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | B | B | A | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| 224854512 | [Redacted] | [Redacted] | 35443209 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted]: Fannie Mae forms not used for closing of home equity loan. | Fannie Mae forms not used for closing of home equity loan. | Buyer Comment (2026-02-13): waived per [redacted] Reviewer Comment (2026-02-10): Require [redacted] Constitution Section [redacted]/ [redacted] Cash-Out [redacted] document Test: [redacted]forms not used for closing of home equity loan. document to clear the exception. Exception Remains. Buyer Comment (2026-02-06): please clarify, this is a closed end second loan |
02/13/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | B | B | A | B | B | B | A | A | Non QM | Non QM | No | |||||||||
| 224854512 | [Redacted] | [Redacted] | 35601097 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy - FICO | Reviewer Comment (2026-02-18): Corrected FICO. Buyer Comment (2026-02-17): Sorry here is the correct CR for this issue. Buyer Comment (2026-02-17): It looks like we have a credit score data discrepancy. The credit score [redacted]is using is [redacted](middle score for coborrower) and the score you are using is [redacted]. The coborrower is the main income earner on this file. The loan is a Full docs file so I think we should we be using the middle score for the highest income earner. I have attached the CR for review. |
02/18/2026 | No | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | B | B | A | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| 224854512 | [Redacted] | [Redacted] | 35860717 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender exception approved for [redacted]fico vs [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] |
SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-02-20): Client elects to waive with compensating factors. |
02/20/2026 | Yes | 2 | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | B | B | A | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| 224869816 | [Redacted] | [Redacted] | 35466301 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-13): lender elects to waive |
01/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||||
| 224869816 | [Redacted] | [Redacted] | 35466302 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): Cleared. received avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||||
| 224869816 | [Redacted] | [Redacted] | 35466308 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Preliminary title amount of $[redacted]is less than the note amount of $[redacted]. | Reviewer Comment (2026-02-02): Received Title Commitment with corrected Proposed Insured amount $[redacted]. Exception cleared. Buyer Comment (2026-01-29): Updated loan amount |
02/02/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | NY | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||
| 224869816 | [Redacted] | [Redacted] | 35469060 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Effective date for hazard policy is [redacted]. Note date is [redacted] | Reviewer Comment (2026-02-10): Received revised hazard insurance with effective date [redacted]. Exception cleared. Buyer Comment (2026-02-06): Insurance |
02/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||
| 224869816 | [Redacted] | [Redacted] | 35469069 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | DTI variance. Lenders DTI [redacted]%. Review DTI [redacted]%. Variance is due to income generated on investment properties not considered by lender. | Reviewer Comment (2026-02-02): Received updated 1008, final 1003 and DTI is within the tolerance. Exception Cleared. Buyer Comment (2026-01-29): Corrected 1008/1003 |
02/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||
| 224880503 | [Redacted] | [Redacted] | 35466089 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-13): Client elects to waive. |
01/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224913837 | [Redacted] | [Redacted] | 35474823 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-14): Client elects to waive. |
01/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224913837 | [Redacted] | [Redacted] | 35474824 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-14): Client elects to waive. |
01/14/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | UT | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224913837 | [Redacted] | [Redacted] | 35474825 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-14): Client elects to waive. |
01/14/2026 | No | 2 | A | A | A | A | A | A | B | B | UT | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224913960 | [Redacted] | [Redacted] | 35478325 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of the ortgage statement, Tax Certificate & Hazard insurance policy for properties located at [redacted] | Reviewer Comment (2026-02-02): Mortgage Statement received and verified. Exception cleared. Buyer Comment (2026-01-29): All escrowed |
02/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224913960 | [Redacted] | [Redacted] | 35478330 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-14): lender elects to waive |
01/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224914122 | [Redacted] | [Redacted] | 35474998 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B | Reviewer Comment (2026-02-02): Client elects to waive. Buyer Comment (2026-01-29): please cancel/waive, avm is on [redacted], pci is on [redacted]. |
02/02/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224914122 | [Redacted] | [Redacted] | 35474999 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-14): Client elects to waive. |
01/14/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224914122 | [Redacted] | [Redacted] | 35475000 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-14): Client elects to waive. |
01/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224914122 | [Redacted] | [Redacted] | 35475202 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-9 form was used, the H-8 form should have been used. | Loan transaction did not pay off a lender to lender mortgage. The H9 RTC form was used, however the H8 RTC form should have been used. Please provide the corrected RTC with a new rescission period (does not need to be signed), letter to borrower explaining the issue and the mailing label. Borrower must receive the Corrected package at least [redacted]business days prior to the new expiration date on the corrected RTC. | Reviewer Comment (2026-02-06): [redacted]received Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form. Buyer Comment (2026-02-04): rtc docs upld |
02/06/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224914131 | [Redacted] | [Redacted] | 35478544 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-14): client elects to waive |
01/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224914131 | [Redacted] | [Redacted] | 35478547 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted]or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Coverage amount not provided on preliminary title. | Reviewer Comment (2026-01-30): Received title documentation. Cleared. Buyer Comment (2026-01-29): please see supplemental report doc [redacted]pg [redacted], shows $[redacted]loan amount |
01/30/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 224914131 | [Redacted] | [Redacted] | 35478576 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Approval not provided. | Reviewer Comment (2026-01-30): Received approval. Condition cleared. Buyer Comment (2026-01-29): [redacted]approval |
01/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 224914131 | [Redacted] | [Redacted] | 35478686 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2026-02-02): Received Appraisal delivery details. Buyer Comment (2026-01-29): please see attached printout from appraiser website showing proof of borrower receipt |
02/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 224914131 | [Redacted] | [Redacted] | 35478688 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted]) business days prior to consummation. | No evidence that borrower received a copy of appraisal [redacted]business days to closing. | Reviewer Comment (2026-02-02): Received Appraisal delivery details. Buyer Comment (2026-01-29): please see attached printout from appraiser website showing proof of borrower receipt |
02/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 224914131 | [Redacted] | [Redacted] | 35478690 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. | No evidence that borrower received a copy of appraisal [redacted]business days to closing. | Reviewer Comment (2026-02-02): Received Appraisal delivery details. Buyer Comment (2026-01-29): please see attached printout from appraiser website showing proof of borrower receipt |
02/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 224914131 | [Redacted] | [Redacted] | 35478695 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted] prior to [redacted] business days from transaction date of [redacted] | Variance caused by note date on TIL being changed from [redacted] to [redacted] | Reviewer Comment (2026-02-02): Received final stamped closing statement showing disbursement date of [redacted] Buyer Comment (2026-01-29): please see final ALTA with correct disbursement date of [redacted] |
02/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 224914131 | [Redacted] | [Redacted] | 35478991 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for [redacted]% LTV is counter-offered. Per disposition, max LTV [redacted]% ([redacted]% is max for [redacted]fico), subject to meeting all other CES guidelines. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-01-14): Lender Exception with Compensating Factors provided. |
01/14/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| 224914131 | [Redacted] | [Redacted] | 35479075 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bankruptcy Documents not provided | Reviewer Comment (2026-02-02): Credit report confirms Bankruptcy dismiss date. Buyer Comment (2026-01-29): please clarify as credit report shows bankruptcy was dismissed in [redacted] |
02/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224914651 | [Redacted] | [Redacted] | 35479118 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | DTI variance. Lenders DTI: [redacted]%. Review DTI: [redacted]%. Low DTI is due to lender not considering lower payment of new loan vs. mortgage being paid off. There is also discrepancies in the rental calculations. | Reviewer Comment (2026-01-22): Received required documentation. Condition cleared. Buyer Comment (2026-01-21): See updated 1008 and 1003. |
01/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||
| 224914651 | [Redacted] | [Redacted] | 35479120 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-14): Client elects to waive. |
01/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||
| 224914651 | [Redacted] | [Redacted] | 35479125 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): Cleared. Received avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||||
| 224914651 | [Redacted] | [Redacted] | 35479419 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of the mortgage statement, Tax Certificate & Hazard insurance policy for properties at [redacted] | Reviewer Comment (2026-01-22): Received required documentation. Condition cleared. Buyer Comment (2026-01-21): REO - [redacted] Mortgage Statement |
01/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||
| 224914651 | [Redacted] | [Redacted] | 35479425 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of the mortgage statement, Tax Certificate & Hazard insurance policy for properties at [redacted] | Reviewer Comment (2026-01-22): Received required documentation. Condition cleared. Buyer Comment (2026-01-21): REO - [redacted]Mortgage Statement |
01/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||
| 224914651 | [Redacted] | [Redacted] | 35479435 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of the mortgage statement, Tax Certificate & Hazard insurance policy for properties at [redacted] | Reviewer Comment (2026-01-22): Received required documentation. Condition cleared. Buyer Comment (2026-01-21): REO -[redacted] mortgage statement |
01/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||
| 224914651 | [Redacted] | [Redacted] | 35479437 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of the mortgage statement, Tax Certificate & Hazard insurance policy for properties at [redacted] | Reviewer Comment (2026-01-22): Received required documentation. Condition cleared. Buyer Comment (2026-01-21): REO - [redacted] Mortgage Statement |
01/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||
| 224914651 | [Redacted] | [Redacted] | 35479440 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of the mortgage statement, Tax Certificate & Hazard insurance policy for properties at [redacted] | Reviewer Comment (2026-01-22): Received required documentation. Condition cleared. Buyer Comment (2026-01-21): REO - [redacted] Mortgage Statement |
01/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||
| 224914651 | [Redacted] | [Redacted] | 35479786 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing the first mortgage statement or Note for the first mortgage on the subject property | Reviewer Comment (2026-01-22): Received required documentation. Condition cleared. Buyer Comment (2026-01-21): REO - [redacted]Mortgage Statement |
01/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||
| 224914651 | [Redacted] | [Redacted] | 37038477 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||||||||
| 224917754 | [Redacted] | [Redacted] | 35478865 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Secondary valuation is missing. | Reviewer Comment (2026-02-04): CDA received and verified. Exception cleared. Buyer Comment (2026-02-02): cda upld |
02/04/2026 | No | 1 | N/A | A | A | A | N/A | A | A | N/A | A | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224917754 | [Redacted] | [Redacted] | 35478866 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-14): client elects to waive. |
01/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 224925814 | [Redacted] | [Redacted] | 35477690 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | HOA document is missing. | Reviewer Comment (2026-01-27): Received Lender Correspondence with [redacted] page of 1004. Exception cleared. Buyer Comment (2026-01-23): combined rebuttal doc upld for missing hoa and self-employ tax returns. |
01/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224925814 | [Redacted] | [Redacted] | 35477776 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-01-23): ok to waive per deal notes/[redacted] |
01/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Second Home | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224925814 | [Redacted] | [Redacted] | 35478010 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of [redacted] (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | ATR risk due to missing income documentation: [redacted]Tax returns not provided in file. Tax return extension has been provided. | Reviewer Comment (2026-01-14): 1008 matches |
01/14/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | FL | Second Home | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224925814 | [Redacted] | [Redacted] | 35478011 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | ATR risk due to missing income documentation: [redacted]Tax returns not provided in file. Tax return extension has been provided. | Reviewer Comment (2026-01-14): 1008 matches |
01/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224925814 | [Redacted] | [Redacted] | 35478017 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted], Most Recent Tax Return End Date [redacted] Tax Return Due Date[redacted] | Most Recent Year [redacted]Tax return is missing. Tax return extension has been provided. | Reviewer Comment (2026-01-26): Client elects to waive. Buyer Comment (2026-01-23): combined rebuttal doc upld for missing hoa and self-employ tax returns. |
01/26/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224925814 | [Redacted] | [Redacted] | 35478023 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-01-23): ok to waive per deal notes/[redacted] |
01/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Second Home | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224925814 | [Redacted] | [Redacted] | 35638968 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | DTI discrepancy. | Reviewer Comment (2026-02-11): Calculated DTI matches 1008, exception cleared Buyer Comment (2026-02-09): the mortgage statement reflected a P&I payment of $[redacted]versus $[redacted]on the portal. Updated debt ratio supported a .[redacted][redacted] or $[redacted]. We agree with your DTI. |
02/11/2026 | No | 1 | A | A | A | A | A | FL | Second Home | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224926115 | [Redacted] | [Redacted] | 35478021 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-01-22): Waived per [redacted] |
01/22/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||||
| 224931370 | [Redacted] | [Redacted] | 35481091 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Erroneous exception. Lenders DTI of [redacted]% is within tolerance of review DTI of [redacted]%. | Reviewer Comment (2026-01-27): DTI is matching with most recent 1008 and verified. Exception cleared. Buyer Comment (2026-01-23): 1008 with updated DTI |
01/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | DE | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224931370 | [Redacted] | [Redacted] | 35481093 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-15): per deal notes |
01/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | DE | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224931370 | [Redacted] | [Redacted] | 35481094 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-15): per deal notes |
01/15/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | DE | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224931370 | [Redacted] | [Redacted] | 35481096 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per[redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-15): AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]. |
01/15/2026 | No | 2 | A | A | A | A | A | A | B | B | DE | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224931370 | [Redacted] | [Redacted] | 35481319 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to erroneous exception. Lenders DTI of [redacted]% is within tolerance of review DTI of [redacted]%. | Reviewer Comment (2026-01-27): DTI is matching with most recent 1008 and details verified. Exception cleared. Buyer Comment (2026-01-23): 1008 with updated DTI |
01/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | DE | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224931370 | [Redacted] | [Redacted] | 35481322 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to erroneous exception. Lenders DTI of [redacted]% is within tolerance of review DTI of [redacted]%. | Reviewer Comment (2026-01-27): DTI is matching with most recent 1008 and details verified. Exception cleared. Buyer Comment (2026-01-23): 1008 with updated DTI |
01/27/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | DE | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224931512 | [Redacted] | [Redacted] | 35499639 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-16): Client elects to waive. |
01/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224933376 | [Redacted] | [Redacted] | 35500058 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-16): Client elects to waive. |
01/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224933376 | [Redacted] | [Redacted] | 35500060 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | [redacted]valuation is not available, as would be required for securitization. | Reviewer Comment (2026-01-16): Client elects to waive. |
01/16/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224933376 | [Redacted] | [Redacted] | 35500061 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per[redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-16): Client elects to waive. |
01/16/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224933461 | [Redacted] | [Redacted] | 35500559 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-16): Client elects to waive. |
01/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224933461 | [Redacted] | [Redacted] | 35500567 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Secondary valuation is not available, as would be required for securitization. | Reviewer Comment (2026-02-06): Document provided Buyer Comment (2026-02-04): cda upld |
02/06/2026 | No | 1 | D | A | A | A | D | A | A | D | A | TX | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224934799 | [Redacted] | [Redacted] | 35500158 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-16): Per deal notes |
01/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224934799 | [Redacted] | [Redacted] | 35500163 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The title report in file disclosed $[redacted]of title insurance coverage; however, this is less than the loan amount of $[redacted]. | Reviewer Comment (2026-02-05): Title Supplement reposts email received in file. Exception Cleared. Buyer Comment (2026-02-03): title email confirming final policy coverage upld |
02/05/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224943006 | [Redacted] | [Redacted] | 35503688 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-16): Client elects to waive. |
01/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | A | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224943006 | [Redacted] | [Redacted] | 35503707 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The valuation selected as "Use for LTV" was obtained post-close. Sec ID: [redacted] | The AVM provided is dated [redacted]which is after the closing date of [redacted] | Reviewer Comment (2026-03-17): Valid AVM received, exception cleared. Buyer Comment (2026-03-16): Expired AVM pulled prior to close |
03/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | A | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224943006 | [Redacted] | [Redacted] | 35503710 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-03-18): Ok to waive per [redacted] |
03/18/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | A | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224943006 | [Redacted] | [Redacted] | 35503711 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-16): Client elects to waive. |
01/16/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | A | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224943006 | [Redacted] | [Redacted] | 35504574 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception with current mid FICO of [redacted]max CLTV is [redacted]%. Requesting exception to [redacted]% for cash out on [redacted]Lien. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-01-16): Client elects to waive with compensating factors. |
01/16/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | A | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224943022 | [Redacted] | [Redacted] | 35506349 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-16): Client elects to waive. |
01/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | B | A | A | A | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224943022 | [Redacted] | [Redacted] | 35506352 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | The variance between the appraisal and the AVM is greater than [redacted]%. | Reviewer Comment (2026-02-10): CDA received & associated. Exception cleared. Buyer Comment (2026-02-06): cda upld |
02/10/2026 | No | 1 | C | A | A | A | C | A | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | A | A | A | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224943022 | [Redacted] | [Redacted] | 35766080 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-16): Client elects to waive Buyer Comment (2026-02-12): please cancel/waive or advised what is needed, the cda provided is within tolerance and supports the value. |
02/16/2026 | No | 2 | A | A | A | B | NJ | Primary | Refinance - Cash-out - Other | C | B | A | A | A | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 224943027 | [Redacted] | [Redacted] | 35578576 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Reviewer Comment (2026-02-04): Received secondary appraisal. Condition cleared. Buyer Comment (2026-02-03): Please see attached CDA. |
02/04/2026 | No | 1 | N/A | A | A | A | N/A | A | A | N/A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224943027 | [Redacted] | [Redacted] | 35578577 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-20): Client elects to waive. |
01/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224943027 | [Redacted] | [Redacted] | 35578582 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Coverage amount not provided on preliminary title. | Reviewer Comment (2026-02-02): Title supplemental report received. Buyer Comment (2026-01-29): Please see attached supplemental report from title reflecting policy amount. |
02/02/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224943135 | [Redacted] | [Redacted] | 35578502 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-01-28): WAIVED per [redacted] |
01/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224943154 | [Redacted] | [Redacted] | 35605668 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI variance. Lender DTI: [redacted]%. Review DTI: [redacted]%. Variance is due to P&I amount for the [redacted]lien on the [redacted]as is more than the calculated P&I.$[redacted]vs actual amount of $[redacted]. | Reviewer Comment (2026-02-03): Updated 1008/1003 received matching calculated DTI. Buyer Comment (2026-02-02): Please see attached 1008/1003 updating the PI on the [redacted]lien to $[redacted](removing TIA) as per CD ([redacted]). The payment in the condition for $[redacted]is the payment on their departure residence that was sold, not the subject property. |
02/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224943154 | [Redacted] | [Redacted] | 35605671 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-02): Client elects to waive. Buyer Comment (2026-02-02): Please clear, cancel or waive. thank you |
02/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Purchase | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224943154 | [Redacted] | [Redacted] | 35605680 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of [redacted] (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | DTI variance. Lender DTI: [redacted]%. Review DTI: [redacted]%. Variance is due to P&I amount for the1st lien on the [redacted]as is more than the calculated P&I.$[redacted]vs actual amount of $[redacted]. | Reviewer Comment (2026-02-03): Updated 1008/1003 received matching calculated DTI. Buyer Comment (2026-02-02): Please see attached 1008/1003 updating the PI on the [redacted]lien to $[redacted](removing TIA) as per CD ([redacted]). The payment in the condition for $[redacted]is the payment on their departure residence that was sold, not the subject property. |
02/03/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NC | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224943154 | [Redacted] | [Redacted] | 35605681 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted]or more guideline components, the loan is at QM risk. | DTI variance. Lender DTI: [redacted]%. Review DTI: [redacted]%. Variance is due to P&I amount for the [redacted]lien on the [redacted]as is more than the calculated P&I.$[redacted]vs actual amount of $[redacted]. | Reviewer Comment (2026-02-03): Updated 1008/1003 received matching calculated DTI. Buyer Comment (2026-02-02): Please see attached 1008/1003 updating the PI on the [redacted]lien to $[redacted](removing TIA) as per CD ([redacted]). The payment in the condition for $[redacted]is the payment on their departure residence that was sold, not the subject property. |
02/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224944934 | [Redacted] | [Redacted] | 35505803 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception for Ineligible [redacted]Lien terms due to modification < [redacted]years. Condition for Max [redacted] | Borrower has owned the subject property for at least [redacted] years. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-01-16): Client elects to waive with compensatin factors. |
01/16/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224944934 | [Redacted] | [Redacted] | 35505816 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-16): Client elects to waive. |
01/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224944934 | [Redacted] | [Redacted] | 35505820 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-16): Client elects to waive. |
01/16/2026 | No | 2 | A | A | A | A | A | A | B | B | IL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224945290 | [Redacted] | [Redacted] | 35580765 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Final Security instrument is in both [redacted]. Property is in spousal/community property state. | Reviewer Comment (2026-05-20): Title vested in matches in both Security Instrument and Title Commitment, exception cleared Buyer Comment (2026-05-18): please see document uploaded today. Reviewer Comment (2026-02-16): Deeds / Warranty / Grant / Quit-Claim not provided. Buyer Comment (2026-02-13): so sorry.. please ignore, wrong file notated.. Buyer Comment (2026-02-13): please re-designate it to [redacted] QM APOR Reviewer Comment (2026-02-05): This is a community property state, spouse has signed the note and considered as a co-borrower. Require Quit Claim deed to proceed. Buyer Comment (2026-02-03): please see title commitment doc [redacted]. Schedule A shows record title is vested in both borrowers. |
05/20/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224945290 | [Redacted] | [Redacted] | 35581635 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations are incomplete: D. [redacted] . Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? reflects neither Yes nor No. Unable to determine qualification without this information. | - | [redacted]for co-borrower[redacted] not provided in file. | Reviewer Comment (2026-05-20): Corrected Note received, exception cleared Buyer Comment (2026-05-18): Please see attached Note removing [redacted] as co-borrower. Please clear conditions relating to her. Reviewer Comment (2026-02-16): 1003 for co-borrower [redacted]not provided in file. Buyer Comment (2026-02-13): so sorry.. please ignore, wrong file notated.. Buyer Comment (2026-02-13): please re-designate it to [redacted] QM APOR Reviewer Comment (2026-02-05): This is a community property state, spouse has signed the note and considered as a co-borrower. Require final 1003 to proceed. Buyer Comment (2026-02-03): [redacted] is a non borrower. please cancel condition |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224945290 | [Redacted] | [Redacted] | 35581637 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [redacted]/Declarations are incomplete: D. [redacted]. Have you or will you be applying for any new credit (e.g., installment loan, credit card, etc.) on or before closing this loan that is not disclosed on this application? reflects neither Yes nor No. Unable to determine qualification without this information. | - | [redacted]for co-borrower[redacted] not provided in file. | Reviewer Comment (2026-05-20): Corrected Note received, exception cleared Buyer Comment (2026-05-18): please see document uploaded today. Reviewer Comment (2026-02-16): 1003 for co-borrower [redacted]not provided in file. Buyer Comment (2026-02-13): so sorry.. please ignore, wrong file notated.. Buyer Comment (2026-02-13): please re-designate it to [redacted] QM APOR Reviewer Comment (2026-02-05): This is a community property state, spouse has signed the note and considered as a co-borrower. Require final 1003 to proceed. Buyer Comment (2026-02-03): [redacted] is a non borrower. please cancel condition |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224945290 | [Redacted] | [Redacted] | 35581642 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [redacted]/Declarations are incomplete: F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? reflects neither Yes nor No. Unable to determine qualification without this information. | - | [redacted]for co-borrower[redacted]r not provided in file. | Reviewer Comment (2026-05-20): Corrected Note received, exception cleared Buyer Comment (2026-05-18): please see document uploaded today. Reviewer Comment (2026-02-16): 1003 for co-borrower [redacted] not provided in file. Buyer Comment (2026-02-13): so sorry.. please ignore, wrong file notated.. Buyer Comment (2026-02-13): please re-designate it to [redacted] QM APOR Reviewer Comment (2026-02-05): This is a community property state, spouse has signed the note and considered as a co-borrower. Require final 1003 to proceed. Buyer Comment (2026-02-03): [redacted] is a non borrower. please cancel condition |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224945290 | [Redacted] | [Redacted] | 35583236 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | [redacted]Error: Birth Date was not provided | - | [redacted] document and information is not provided. | Reviewer Comment (2026-05-20): Corrected Note received, exception cleared Buyer Comment (2026-05-18): please see document uploaded today. Reviewer Comment (2026-02-16): 1003 for co-borrower [redacted] not provided in file. Buyer Comment (2026-02-13): so sorry.. please ignore, wrong file notated.. Buyer Comment (2026-02-13): please re-designate it to [redacted] QM APOR Reviewer Comment (2026-02-05): This is a community property state, spouse has signed the note and considered as a co-borrower. Require final 1003 to proceed. Buyer Comment (2026-02-03): [redacted] is a non borrower. please cancel condition |
05/20/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224945290 | [Redacted] | [Redacted] | 35583252 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Reviewer Comment (2026-02-09): CDA received & associated. Exception cleared. Buyer Comment (2026-02-05): CDA report |
02/09/2026 | No | 1 | N/A | A | A | A | N/A | A | A | N/A | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224945290 | [Redacted] | [Redacted] | 35583285 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-01-28): waived per [redacted] |
01/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224945290 | [Redacted] | [Redacted] | 35583463 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | As per document RTC Expiration provided [redacted] | Reviewer Comment (2026-04-27): Letter of Explanation received in file for RTC Expected date and Information updated. Exception Cleared. Buyer Comment (2026-04-24): please see attached LOX and revised RTCs. It was shipped with new Note (pending signature from borr). Reviewer Comment (2026-02-05): The reason for the RTC expiration date to be [redacted] at midnight is due to the fact the lender included New Years day in the rescission period. Please provide a corrected RTC with a new rescission period (does not need to be signed), letter to borrower explaining the issue and the mailing label. Borrower must receive the Corrected package at least [redacted] business days prior to the new expiration date on the corrected RTC. Buyer Comment (2026-02-03): please see Customer's Statement of Non Rescission doc [redacted]. Doc executed on [redacted] acknowledging [redacted]full days of rescission has passed. RTC signed on [redacted]. Rescission dates: [redacted], [redacted] & [redacted]. Disbursement on [redacted] |
04/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224945290 | [Redacted] | [Redacted] | 35583477 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Previous loan refinanced within twelve (12) month period of consummation) | [redacted] Constitution Section[redacted]: Previous loan refinanced within [redacted] month period of consummation | Previous transaction date is provided [redacted] | Reviewer Comment (2026-02-16): Prior lien was not [redacted]([redacted] loan. Exception cleared. Buyer Comment (2026-02-13): so sorry.. please ignore, wrong file notated.. Buyer Comment (2026-02-13): please re-designate it to [redacted]QM APOR Buyer Comment (2026-02-12): copy of prior note doc [redacted] Reviewer Comment (2026-02-05): The fraud report confirms that the primary lien was refinanced; however, sufficient documentation is not available to verify whether the loan was a [redacted] [redacted]) loan. Exception remains. Buyer Comment (2026-02-03): this is a closed end second loan and not a first lien refi |
02/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224945290 | [Redacted] | [Redacted] | 35583481 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted] Fannie Mae forms not used for closing of home equity loan. | [redacted] forms not used for closing of home equity loan. | Buyer Comment (2026-02-17): waived per [redacted] Reviewer Comment (2026-02-16): [redacted] forms not used for closing of home equity loan. Buyer Comment (2026-02-12): copy of prior note doc [redacted] Reviewer Comment (2026-02-05): The fraud report confirms that the primary lien was refinanced; however, sufficient documentation is not available to verify whether the loan was a [redacted] [redacted] loan. Exception remains. Buyer Comment (2026-02-03): this is a closed end second loan and not a first lien refi |
02/17/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| 224945290 | [Redacted] | [Redacted] | 35583492 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of [redacted] (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | ATR failure due to missing information for co-borrower; credit report and [redacted]for co-borrower not provided in file. | Reviewer Comment (2026-05-20): Corrected Note received, exception cleared Buyer Comment (2026-05-18): please see document uploaded today Reviewer Comment (2026-02-16): Credit report for co-borrower [redacted]not provided in file. Buyer Comment (2026-02-13): so sorry.. please ignore, wrong file notated.. Buyer Comment (2026-02-13): please re-designate it to [redacted] QM APOR Reviewer Comment (2026-02-05): This is a community property state, spouse has signed the note and considered as a co-borrower. Require final 1003 to proceed. Buyer Comment (2026-02-03): [redacted] is a non borrower. please cancel condition |
05/20/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224945290 | [Redacted] | [Redacted] | 35583493 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Required Credit Report Not Provided to Evidence Debts | Qualified Mortgage (Dodd-Frank 2014): The loan file does not contain a Credit report to evidence the consumers outstanding liabilities. | Credit report for co-borrower[redacted] not provided in file. | Reviewer Comment (2026-05-20): Corrected Note received, exception cleared Buyer Comment (2026-05-18): please see document uploaded today Reviewer Comment (2026-02-16): Credit report for co-borrower [redacted] not provided in file. Buyer Comment (2026-02-13): so sorry.. please ignore, wrong file notated.. Buyer Comment (2026-02-13): please re-designate it to [redacted]QM APOR Reviewer Comment (2026-02-05): This is a community property state, spouse has signed the note and considered as a co-borrower. Require final 1003 to proceed. Buyer Comment (2026-02-03): [redacted] is a non borrower. please cancel condition |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224949897 | [Redacted] | [Redacted] | 35582796 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI variance. Lenders DTI: [redacted]%. Review DTI: [redacted]%. Variance is due to lender hitting DTI twice for taxes and insurance of $[redacted]. | Reviewer Comment (2026-01-29): Cleared. Received updated 1008 and 1003. Buyer Comment (2026-01-28): Please see attached 1008/1003 correcting the duplicate T & I on the subject property. Reviewer Comment (2026-01-27): Correct hazard insurance amount is $[redacted]where received 1008 is reflecting [redacted]and also, received 1003 is not correct senior lien P&I and insurance amount. Exception remains. Buyer Comment (2026-01-23): Please see attached 1008/1003 correcting the duplicate T & I on the subject |
01/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224949897 | [Redacted] | [Redacted] | 35582802 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-26): Client elects to waive. Buyer Comment (2026-01-23): Please see attached 1008/1003 correcting the duplicate T & I on the subject Buyer Comment (2026-01-23): Please waive or cancel. Thank you |
01/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224949897 | [Redacted] | [Redacted] | 35582804 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Reviewer Comment (2026-02-04): Received Desk review. Condition cleared. Buyer Comment (2026-02-03): Please see attached CDA supporting appraised value Reviewer Comment (2026-02-02): Exception remains open as AVM is still pending. Buyer Comment (2026-01-29): Sorry, these were uploaded to the wrong condition. AVM is still pending Buyer Comment (2026-01-29): Please see updated 1008/1003 uploaded [redacted] |
02/04/2026 | No | 1 | C | A | A | A | C | A | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224949897 | [Redacted] | [Redacted] | 35582822 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted]or more guideline components, the loan is at QM risk. | ATR risk due to DTI variance. DTI variance. Lenders DTI: [redacted]%. Review DTI: [redacted]%. | Reviewer Comment (2026-01-29): Cleared. Received updated 1003 and 1008. Buyer Comment (2026-01-28): : Please see attached 1008/1003 correcting the duplicate T & I on the subject property. |
01/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224949897 | [Redacted] | [Redacted] | 35582823 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of[redacted](APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | ATR risk due to DTI variance. DTI variance. Lenders DTI: [redacted]%. Review DTI: [redacted]%. | Reviewer Comment (2026-01-29): Cleared. Received updated 1003 and 1008. Reviewer Comment (2026-01-27): Correct hazard insurance amount is $[redacted]where received 1008 is reflecting [redacted]and also, received 1003 is not correct senior lien P&I and insurance amount. Exception remains. Buyer Comment (2026-01-23): Please see attached 1008/1003 correcting the duplicate T & I on the subject |
01/29/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224949897 | [Redacted] | [Redacted] | 35719662 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Exception generated due to AVM does not support the original appraisal. Received desk review. Citing is an EV2 and can be waived by lender. | Buyer Comment (2026-02-06): OK to waiver per [redacted] |
02/06/2026 | No | 2 | A | A | A | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 224949965 | [Redacted] | [Redacted] | 35582259 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-02-10): OK to waive per [redacted] |
02/10/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224949965 | [Redacted] | [Redacted] | 35582265 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | DTI variance. ATR risk due to DTI variance. Lenders DTI: [redacted]%. Review DTI: [redacted]%. Variance is due to lenders P&I payment of $[redacted]per month vs actual amount of $[redacted]per month. | Reviewer Comment (2026-03-05): Passive asset utilization income updated. Buyer Comment (2026-03-04): Added Passive Asset Income . DTI is [redacted]% Buyer Comment (2026-02-10): Please review figures for subject PITIA , it appears there is a double hit for the T&I . The primary mortgage payment is $[redacted]which includes the taxes and insurance, the new [redacted] is $[redacted]for a total of $[redacted]for PITIA and not $[redacted]as this portal shows. That figure appears to be hitting with T&I again |
03/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224949965 | [Redacted] | [Redacted] | 35582392 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of [redacted] APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | ATR risk due to DTI variance. Lenders DTI: [redacted]%. Review DTI: [redacted]%. | Reviewer Comment (2026-02-10): DTI updated Buyer Comment (2026-02-10): See rebuttal |
02/10/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224949965 | [Redacted] | [Redacted] | 35588228 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Reviewer Comment (2026-02-10): DTI updated Buyer Comment (2026-02-10): See rebuttal |
02/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224988607 | [Redacted] | [Redacted] | 35596619 | Credit | Property - Appraisal | Appraisal Adjustments | Property - Appraisal | Excessive site value noted on appraisal without appraiser comments to justify | - | Appraiser did not comment on the site value exceeding [redacted]% being typical. | Reviewer Comment (2026-02-05): Appraiser commented on the site value with reason for the increase. Buyer Comment (2026-02-03): The appraiser addresses comp selection, adjustments, and reconciliation in the appraisal commentary Buyer Comment (2026-02-03): per appraisal doc [redacted]page [redacted], vacant land sales and comparables used over a [redacted]year period to determine site value. |
02/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 224988607 | [Redacted] | [Redacted] | 35596620 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-01-28): waived per [redacted] |
01/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 224988706 | [Redacted] | [Redacted] | 35603543 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-02-04): okay per [redacted] |
02/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224988706 | [Redacted] | [Redacted] | 35603585 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-22): Client elects to waive |
01/22/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NY | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224988706 | [Redacted] | [Redacted] | 35603586 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-22): Client elects to way |
01/22/2026 | No | 2 | A | A | A | A | A | A | B | B | NY | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224988707 | [Redacted] | [Redacted] | 35604509 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-01-28): waived per [redacted] |
01/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224988707 | [Redacted] | [Redacted] | 35604511 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Missing Final Title. | Reviewer Comment (2026-02-03): Received final title policy. |
02/03/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224988707 | [Redacted] | [Redacted] | 35604518 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Coverage amount of $[redacted] is less than the note amount of $[redacted]on preliminary title. | Reviewer Comment (2026-02-03): Received final title policy. Buyer Comment (2026-01-30): Title |
02/03/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 224989190 | [Redacted] | [Redacted] | 35605393 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-23): Client elects to waive. |
01/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224989200 | [Redacted] | [Redacted] | 35604412 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-23): Client elects to waive. |
01/23/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 224989200 | [Redacted] | [Redacted] | 35604413 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted] lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-23): Client elects to waive. |
01/23/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224989200 | [Redacted] | [Redacted] | 35604414 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-23): Client elects to waive. |
01/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224997955 | [Redacted] | [Redacted] | 35613924 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-23): Client elects to waive. |
01/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IN | Primary | Refinance - Cash-out - Other | D | B | B | B | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224997955 | [Redacted] | [Redacted] | 35613926 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Full appraisal is provided and supporting secondary valuation missing in file. | Reviewer Comment (2026-02-04): Cleared. Received CDA, Buyer Comment (2026-02-03): Please see the attached CDA. |
02/04/2026 | No | 1 | D | A | A | A | D | A | A | D | A | IN | Primary | Refinance - Cash-out - Other | D | B | B | B | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 224997955 | [Redacted] | [Redacted] | 35613958 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Investor Qualifying Total Debt Ratio getting [redacted]% the reason for [redacted] and Utility debt not included for DTI. | Reviewer Comment (2026-02-10): updated 1008 DTI matches Buyer Comment (2026-02-09): Please see attached updated 1008/1003 removing the utility debts showing on the credit report. Reviewer Comment (2026-02-04): The updated 1008 and 1003 were not provided. Buyer Comment (2026-02-03): Please see attached updated 1008/1003 removing the utility debts showing on the credit report. Reviewer Comment (2026-02-03): if Telecom and Utility are monthly utility bills (i.e. Phone, water, gas etc) that are paid monthly and not to be included in the total debt ratios. Please provide updated 1003 and 1008 as this debts are included. Exception remains. Buyer Comment (2026-02-02): [redacted]: Telecom and Utility are monthly utility bills (i.e. Phone, water, gas etc) that are paid monthly and not to be included in the total debt ratios. Please cancel or clear condition. |
02/10/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | IN | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | B | B | B | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 224997955 | [Redacted] | [Redacted] | 35613959 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to IInvestor Qualifying Total Debt Ratio getting [redacted]% the reason for Telecom and Utility debt not included for DTI. | Reviewer Comment (2026-02-10): updated 1008 DTI matches Buyer Comment (2026-02-09): Please see attached updated 1008/1003 removing the utility debts showing on the credit report. Reviewer Comment (2026-02-04): The updated 1008 and 1003 were not provided. Buyer Comment (2026-02-03): Please see attached updated 1008/1003 removing the utility debts showing on the credit report. Reviewer Comment (2026-02-03): if Telecom and Utility are monthly utility bills (i.e. Phone, water, gas etc) that are paid monthly and not to be included in the total debt ratios. Please provide updated 1003 and 1008 as this debts are included. Exception remains. Buyer Comment (2026-02-02): [redacted]: Telecom and Utility are monthly utility bills (i.e. Phone, water, gas etc) that are paid monthly and not to be included in the total debt ratios. Please cancel or clear condition. |
02/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Refinance - Cash-out - Other | D | B | B | B | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 224997955 | [Redacted] | [Redacted] | 35620498 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provided to aper an [redacted]%CLTV - cash out bank statement. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Documentation Type: [redacted] Disposable Income: $[redacted] Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2026-01-23): Client elects to waive with compensating factors. |
01/23/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | IN | Primary | Refinance - Cash-out - Other | D | B | B | B | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 224999792 | [Redacted] | [Redacted] | 35613571 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-26): The client elects to waive |
01/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Home Improvement | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225001431 | [Redacted] | [Redacted] | 35616556 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-26): Client elects to waive. |
01/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225001431 | [Redacted] | [Redacted] | 35616561 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Reviewer Comment (2026-02-13): Received CDA. Exception cleared. Buyer Comment (2026-02-12): Please see attached CDA. Reviewer Comment (2026-02-06): The collateral risk score is [redacted], [redacted]appraisal is required. Exception remains Buyer Comment (2026-02-04): The collateral risk score is less than [redacted], a full [redacted]was provided, Secondary appraisal not required per [redacted]directive. |
02/13/2026 | No | 1 | N/A | A | A | A | N/A | A | A | N/A | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225001431 | [Redacted] | [Redacted] | 35616594 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Final closing disclosure disclosed an amount financed of $[redacted] compared to the calculated amount financed of $[redacted], there is a variance of $[redacted]. | Reviewer Comment (2026-02-12): [redacted]received additional information confirming title-discharge tracking is title fee for tracking for clear title and issuance of title policy and would be excludable under [redacted] Buyer Comment (2026-02-11): Please see attached correspondence with title. Title-Discharge Tracking fee of $[redacted]should not be counted as a financed charge Reviewer Comment (2026-02-05): [redacted]received corrected CD and LOE. However, the finance charge is underdisclosed by $[redacted]and in reviewing lender compliance report, the fee that appears to be causing discrepancy is the Title-Discharge Tracking fee of $[redacted]. This fee would be related to the extension of credit and thus a finance charge. Cure with a Corrected CD, LOE to borrower, copy of cure refund of $[redacted], proof of mailing and proof of reopening of rescission to all consumers. If lender feels this is not a finance charge however, they can provide a Lender's Attestation giving the specific services/purpose of this fee. Buyer Comment (2026-02-04): Please see LOE and corrected PCCD. Reducing Section E, Mortgage Recording Fees by $[redacted]and moving the $[redacted]fee to Section C as Title-Recording Service Fee. |
02/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225001431 | [Redacted] | [Redacted] | 35616595 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]. | Disclosed Finance Charges are $[redacted]. Due Diligence Finance Charges are $[redacted]. There is a variance of $[redacted]. | Reviewer Comment (2026-02-12): [redacted]received additional information confirming title-discharge tracking is title fee for tracking for clear title and issuance of title policy and would be excludable under [redacted] Buyer Comment (2026-02-11): Please see attached correspondence with title. Title-Discharge Tracking fee of $[redacted]should not be counted as a financed charge Reviewer Comment (2026-02-05): [redacted]received corrected CD and LOE. However, the finance charge is underdisclosed by $[redacted]and in reviewing lender compliance report, the fee that appears to be causing discrepancy is the Title-Discharge Tracking fee of $[redacted]. This fee would be related to the extension of credit and thus a finance charge. Cure with a Corrected CD, LOE to borrower, copy of cure refund of $[redacted], proof of mailing and proof of reopening of rescission to all consumers. If lender feels this is not a finance charge however, they can provide a Lender's Attestation giving the specific services/purpose of this fee. |
02/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225001431 | [Redacted] | [Redacted] | 35616637 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Bank statement is missing for DCU period [redacted]. | Reviewer Comment (2026-02-20): [redacted]month [redacted]bank statement received and verified. Exception cleared Buyer Comment (2026-02-18): Please see attached for the missing [redacted][redacted][redacted] Bank Statement |
02/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225001431 | [Redacted] | [Redacted] | 35616644 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Bank statement is missing for DCU period [redacted]. | Reviewer Comment (2026-02-20): [redacted]month [redacted]bank statement received and verified. Exception cleared Buyer Comment (2026-02-18): Please see attached for the missing [redacted][redacted][redacted] Bank Statement |
02/20/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | MA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225001431 | [Redacted] | [Redacted] | 35616645 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Bank statement is missing for DCU period [redacted]. | Reviewer Comment (2026-02-20): [redacted]month [redacted]bank statement received and verified. Exception cleared Buyer Comment (2026-02-18): Please see attached for the missing [redacted][redacted][redacted] Bank Statement |
02/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225001431 | [Redacted] | [Redacted] | 35616657 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to missing bank statement for [redacted]. | Reviewer Comment (2026-02-20): [redacted]month [redacted]bank statement received and verified. Exception cleared Buyer Comment (2026-02-18): Please see attached for the missing [redacted][redacted][redacted] Bank Statement |
02/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225003607 | [Redacted] | [Redacted] | 35619750 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-28): Client elects to waive. |
01/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225003607 | [Redacted] | [Redacted] | 35619836 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of [redacted] QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Due diligence DTI [redacted]% and Lender DTI is [redacted]%. The discrepancy in DTI is due to taxes and insurance not considered in DTI calculation. | Reviewer Comment (2026-02-10): Updated 1008 to match DTI Buyer Comment (2026-02-09): Please see attached 1008/1003 adding tax, insurance and HOA debt service to the calculation. In addition, we have also utilized the borrower's [redacted]income as reflected on his paystub ([redacted]) in the amount of $[redacted]/mo, these changes bring the ratios to [redacted]%. |
02/10/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | TN | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225003607 | [Redacted] | [Redacted] | 35619856 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Due diligence DTI [redacted]% and Lender DTI is [redacted]%. The discrepancy in DTI is due to taxes and insurance not considered in DTI calculation. | Reviewer Comment (2026-02-10): Updated 1008 to match DTI Buyer Comment (2026-02-09): Please see attached 1008/1003 adding tax, insurance and HOA debt service to the calculation. In addition, we have also utilized the borrower's [redacted]income as reflected on his paystub ([redacted]) in the amount of $[redacted]/mo, these changes bring the ratios to [redacted]%. |
02/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225003608 | [Redacted] | [Redacted] | 35624672 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-28): Client elects to waive. |
01/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225003608 | [Redacted] | [Redacted] | 35624675 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-28): Client elecet sot waive. |
01/28/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225003608 | [Redacted] | [Redacted] | 35624677 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or [redacted] interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted] lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-28): Client elects to waive. |
01/28/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225003608 | [Redacted] | [Redacted] | 35625266 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Reviewer Comment (2026-02-06): Cleared. Received certified final statement Buyer Comment (2026-02-04): See [redacted]. Disbursed [redacted] |
02/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225003614 | [Redacted] | [Redacted] | 35630747 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted] lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-29): Client elects to waive. |
01/29/2026 | No | 2 | A | A | A | A | A | A | B | B | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225003614 | [Redacted] | [Redacted] | 35630748 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-29): Client elects to waive. |
01/29/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225003614 | [Redacted] | [Redacted] | 35630755 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-29): Client elects to waive. |
01/29/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225003614 | [Redacted] | [Redacted] | 35630762 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI variance. Lenders DTI: [redacted]%. Review DTI: [redacted]%. Variance is because lender has considered [redacted] lien P&I of $[redacted]while mortgage statement confirms $[redacted], causing lower hit to DTI. | Reviewer Comment (2026-02-09): Received revised 1008 document, calculated DTI matches with 1008 document. Exception Cleared. Buyer Comment (2026-02-05): See corrected 1008 with DTI matching |
02/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225003614 | [Redacted] | [Redacted] | 35630806 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of [redacted] QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI mismatch, lender has considered [redacted] lien P&I of $[redacted] while mortgage statement confirms $[redacted] causing lower hit to DTI. | Reviewer Comment (2026-02-09): Received revised 1008 document, calculated DTI matches with 1008 document. Exception Cleared. |
02/09/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225003614 | [Redacted] | [Redacted] | 35630807 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to DTI mismatch, lender has considered [redacted] lien P&I of $[redacted] while mortgage statement confirms $[redacted] causing lower hit to DTI. | Reviewer Comment (2026-02-09): Received revised 1008 document, calculated DTI matches with 1008 document. Exception Cleared. |
02/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225003967 | [Redacted] | [Redacted] | 35628865 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-28): Client elects to waive. |
01/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | HI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225003967 | [Redacted] | [Redacted] | 35628876 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: 53 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-28): Client elects to waive. |
01/28/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | HI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225003967 | [Redacted] | [Redacted] | 35628878 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted] lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-28): Client elects to waive. |
01/28/2026 | No | 2 | A | A | A | A | A | A | B | B | HI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225003985 | [Redacted] | [Redacted] | 35632279 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-28): Client elects to waive. |
01/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225003985 | [Redacted] | [Redacted] | 35632324 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI discrepancy. | Reviewer Comment (2026-02-10): 1008 DTI matches Buyer Comment (2026-02-09): rebuttal upld to trl docs |
02/10/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225003985 | [Redacted] | [Redacted] | 35632326 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to DTI discrepancy. | Reviewer Comment (2026-02-10): 1008 DTI matches Buyer Comment (2026-02-09): rebuttal upld to trl docs |
02/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225003985 | [Redacted] | [Redacted] | 35648479 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing a signed/dated close out letter for the [redacted] paid at closing. | Reviewer Comment (2026-02-10): Document provided Reviewer Comment (2026-02-10): letter provided is Authorization to close . Please provide signed/dated close out letter for the Heloc paid at closing. Exception remains. Buyer Comment (2026-02-09): close out letter upld |
02/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225005774 | [Redacted] | [Redacted] | 35630571 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | AVM provided as a primary valuation on a [redacted] lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2026-01-28): Client elects to waive. |
01/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225005774 | [Redacted] | [Redacted] | 35630572 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Data discrepancy with DTI. Lender DTI [redacted]%, Review DTI [redacted]%. The reason for this discrepancy seems to be due to lender considered Primary housing expenses [redacted] in 1008. | Reviewer Comment (2026-02-16): Received revised [redacted]. Exception Cleared. Buyer Comment (2026-02-13): revised [redacted], DTI now [redacted]% Reviewer Comment (2026-02-10): As per documents present in file calculated total expenses are $[redacted]. Breakdown(Subject PITI-$[redacted], Primary PITIA-$[redacted], Investment [redacted]REO-$[redacted], Credit debt- $[redacted]).However lender considered total expenses $[redacted]. Discrepancy due to lender considered extra debt $[redacted]. Exception remains. Buyer Comment (2026-02-06): please clarify as primary pitia $[redacted] matches |
02/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225005774 | [Redacted] | [Redacted] | 35630580 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - [redacted] Family not provided | Rider -[redacted] Family is missing. | Reviewer Comment (2026-02-10): Received 1-4 Family rider. Exception cleared. Buyer Comment (2026-02-06): 1-4 rider |
02/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225010404 | [Redacted] | [Redacted] | 35634264 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | AVM provided as a primary valuation on a [redacted] lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2026-01-29): Client elects to waive. |
01/29/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225010404 | [Redacted] | [Redacted] | 35681350 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | VVOE is not dated within [redacted] business days of the note dated [redacted]. | Reviewer Comment (2026-03-10): Cleared. Received post closing VVOE. Reviewer Comment (2026-02-12): Received Verification of employment is dated after the Note date. Exception remains. Buyer Comment (2026-02-10): final voe upld |
03/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225010432 | [Redacted] | [Redacted] | 35643269 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approve exception to use private VOR form with copy of lease requested when guidelines require [redacted] months of canceled checks in addition to lease. | Borrower has owned the subject property for at least [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. |
Combined Loan to Value: [redacted]% Guideline Maximum Combined Loan to Value: [redacted]% |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-01-29): Client elects to waive with compensating factors. |
01/29/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||
| 225010432 | [Redacted] | [Redacted] | 35643958 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is [redacted] than Guideline representative FICO score of ___. | Lender approved exception requested when the minimum is [redacted] | Borrower has owned the subject property for at least [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. |
Combined Loan to Value: [redacted]% Guideline Maximum Combined Loan to Value: [redacted]% |
SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-01-29): Client elects to waive with compensating factors. |
01/29/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| 225012142 | [Redacted] | [Redacted] | 35642706 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-29): Client elects to waive. |
01/29/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | KS | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225012142 | [Redacted] | [Redacted] | 35646094 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Waterfall due to missing CPA letter or third-party verification. The business license/third party verification does not contain a document verification date. | Reviewer Comment (2026-02-11): updated document Buyer Comment (2026-02-09): please cancel/waive, the google verification belonging to the business license was provided in the initial file - [redacted] |
02/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | KS | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 225012142 | [Redacted] | [Redacted] | 35681828 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2026-02-11): updated document Buyer Comment (2026-02-09): please cancel/waive, the google verification belonging to the business license was provided in the initial file - [redacted] |
02/11/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | KS | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| 225012142 | [Redacted] | [Redacted] | 35681840 | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | - | The business license/third party verification does not contain a document verification date. | Reviewer Comment (2026-02-11): document provided Buyer Comment (2026-02-09): please cancel/waive, the google verification belonging to the business license was provided in the initial file - [redacted] |
02/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | KS | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 225014538 | [Redacted] | [Redacted] | 35643677 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-30): Per deal notes |
01/30/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225014538 | [Redacted] | [Redacted] | 35643678 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-01-30): Per deal notes |
01/30/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||||
| 225014538 | [Redacted] | [Redacted] | 35643679 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted] lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-01-30): AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted]Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted] |
01/30/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225017127 | [Redacted] | [Redacted] | 35682614 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI variance. Lender's DTI: [redacted]%. Review DTI: [redacted]%. Variance is due to lender using $[redacted] per month for [redacted] lien versus actual amount of $[redacted] per month. | Reviewer Comment (2026-02-12): Updated [redacted]received matching calculated DTI of [redacted]%. Buyer Comment (2026-02-10): revised [redacted], DTI now [redacted]% |
02/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225017127 | [Redacted] | [Redacted] | 35682618 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-01-30): Per deal notes |
01/30/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225017127 | [Redacted] | [Redacted] | 35682668 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Originator Loan Designation mismatch due to DTI variance. Lender's DTI: [redacted]%. Review DTI: [redacted]%. Variance is due to lender using $[redacted]per month for [redacted] actual amount of $[redacted]per month. | Reviewer Comment (2026-02-12): Updated [redacted]received matching calculated DTI of [redacted]%. Buyer Comment (2026-02-10): revised [redacted], DTI now [redacted]% |
02/12/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | TN | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225017127 | [Redacted] | [Redacted] | 35682669 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | DTI variance. Lender's DTI: [redacted]%. Review DTI: [redacted]%. Variance is due to lender using $[redacted]per month for[redacted] actual amount of $[redacted] per month. | Reviewer Comment (2026-02-12): Updated [redacted]received matching calculated DTI of [redacted]%. Buyer Comment (2026-02-10): revised [redacted], DTI now [redacted]% |
02/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225023320 | [Redacted] | [Redacted] | 35684039 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Waterfall due to QM Points and Fees. Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Federal Total Loan Amount. | Reviewer Comment (2026-02-27): Per client, re-designate to non-QM |
02/27/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | B | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | Yes | |||||||||
| 225023320 | [Redacted] | [Redacted] | 35684040 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees 2021 | Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted] on a Federal Total Loan Amount of $[redacted] vs. an allowable total of $[redacted] (an overage of $[redacted]or [redacted]%). | Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Federal Total Loan Amount. | Reviewer Comment (2026-02-27): Per client, re-designate to non-QM Buyer Comment (2026-02-25): please redesignate to non-QM. Reviewer Comment (2026-02-23): "if the loan's points and fees exceed the QM threshold and the loan cannot be considered a "qualified mortgage", the lender does have the option to flip the Loan Designation to NonQM, which does not contain a points and fees threshold test." Buyer Comment (2026-02-19): what are the cure options for this condition? |
02/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | B | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225023320 | [Redacted] | [Redacted] | 35684045 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-02-11): waived |
02/11/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | B | B | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||||
| 225023320 | [Redacted] | [Redacted] | 35684056 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Preliminary title policy amount of $[redacted] is less the note amount of $[redacted]. | Reviewer Comment (2026-02-26): Title Commitment document received and verified. Exception cleared. Buyer Comment (2026-02-25): title commitment |
02/26/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | C | B | B | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||||
| 225023320 | [Redacted] | [Redacted] | 35687051 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted]: Fannie Mae forms not used for closing of home equity loan. | Waterfall due to QM Points and Fees. Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Federal Total Loan Amount. | Buyer Comment (2026-02-11): waived |
02/11/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | C | B | B | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||
| 225023320 | [Redacted] | [Redacted] | 35934816 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Restated Loan Designation Match - General Ability to Repay | Ability to Repay (Dodd-Frank 2014): The initial Loan Designation provided did not match. However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. | Per client, re-designate to non-QM | Buyer Comment (2026-03-12): OK to waive per [redacted] |
03/12/2026 | No | 2 | A | B | B | B | A | TX | Primary | Refinance - Cash-out - Other | C | B | B | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||||||||
| 225025771 | [Redacted] | [Redacted] | 35686951 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-02): Waive per Client's guidance |
02/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225025771 | [Redacted] | [Redacted] | 35687116 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for [redacted] in the last [redacted] months is approved. Per disposition, maximum [redacted] % Combined Loan-to-Value, Automated Clearing House is required. Subject to meeting all other [redacted]ded guidelines. | The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower has verified disposable income of at least $[redacted]. |
The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Residual Income $[redacted] or More |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-02-02): Client elects to waive with compensating factors. |
02/02/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 225031871 | [Redacted] | [Redacted] | 35695114 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-03): Client elects to waive |
02/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225031871 | [Redacted] | [Redacted] | 35695115 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Appraisal/AVM was provided. The supporting secondary valuation is missing | Reviewer Comment (2026-02-03): Client elects to waive |
02/03/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | MI | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225031871 | [Redacted] | [Redacted] | 35695116 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-02-03): Client elects to waive |
02/03/2026 | No | 2 | A | A | A | A | A | A | B | B | MI | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225031871 | [Redacted] | [Redacted] | 35695129 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to the calculated total debt ratio of investors qualifying is [redacted], and the total debt ratio of Lender qualifying is [redacted]% the reason for [redacted] P&I $[redacted]added for DTI calculation. | Reviewer Comment (2026-02-12): Received updated [redacted]which supports the correct DTI, however Bid tape remains a discrepancy. Condition is allowed to be cleared. Buyer Comment (2026-02-11): revised [redacted], DTI now [redacted]% |
02/12/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | MI | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225031871 | [Redacted] | [Redacted] | 35695130 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to the calculated total debt ratio of investors qualifying is [redacted], and the total debt ratio of Lender qualifying is [redacted]% the reason for P&I $[redacted]added for DTI calculation. | Reviewer Comment (2026-02-12): Received updated [redacted]which supports the correct DTI, however Bid tape remains a discrepancy. Condition is allowed to be cleared. Buyer Comment (2026-02-11): revised [redacted], DTI now [redacted]% |
02/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225032164 | [Redacted] | [Redacted] | 35735707 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final [redacted] | Reviewer Comment (2026-02-11): Final [redacted]document received and verified. Exception cleared Buyer Comment (2026-02-09): final [redacted]upld |
02/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225032164 | [Redacted] | [Redacted] | 35735709 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-02-09): okay to waive per deal notes/[redacted] |
02/09/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225032164 | [Redacted] | [Redacted] | 35735716 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right to Cancel Missing | Truth in Lending Act: Notice of Right to Cancel was not provided. | Notice of Right to Cancel was not provided. | Reviewer Comment (2026-02-11): RTC provided Buyer Comment (2026-02-09): rtc upld |
02/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225032164 | [Redacted] | [Redacted] | 35789663 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Reviewer Comment (2026-02-27): [redacted]received evidence that the RTC provided at closing was not signed or dated by borrower. Buyer Comment (2026-02-25): attached is the right to cancel that was issued in the closing package but was part of the package that was not signed. Reviewer Comment (2026-02-24): Exception was escalated. Response: The email from title explains that "only a portion of the package was signed". Can you confirm that the original Rescission Notice was included in that portion of the package not signed and they therefore issued the RTC in file, which was signed on[redacted] to remediate that? Buyer Comment (2026-02-20): the dot confirms the transaction date was[redacted], the loan did disburse on[redacted], due to an issue with missing docs the right to cancel and the other missing docs were signed [redacted], rescission was opened to [redacted]. Reviewer Comment (2026-02-20): The CD provided reflects transaction disbursed on[redacted], prior to [redacted] business days from transaction date of [redacted]6. Buyer Comment (2026-02-18): rebuttal and supporting docs upld |
02/27/2026 | No | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||||||
| 225032164 | [Redacted] | [Redacted] | 35935365 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Right of Rescission Timing - Receipt Date Missing | Missing RTC Signature Date. Unable to determine compliance with rescission timing requirements. | RTC provided at closing was not signed or dated by borrower. | Reviewer Comment (2026-03-03): Cure documentation received. Buyer Comment (2026-02-27): rebuttal upld Reviewer Comment (2026-02-27): The new RTC signed on [redacted] would be acceptable as cure documentation for the rescission exceptions, however we also need evidence of the letter of explanation to the borrower explaining why the borrower received a RTC after closing on [redacted]. Did the lender provide an explanation to the borrower? |
03/03/2026 | No | 2 | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||||
| 225032164 | [Redacted] | [Redacted] | 35935366 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right To Cancel Not Provided to All Required Parties | Truth in Lending Act: Notice of Right to Cancel was not signed by all parties whose ownership interest is or will be subject to the security interest. | RTC provided at closing was not signed or dated by borrower. | Reviewer Comment (2026-03-03): Cure documentation received. Buyer Comment (2026-02-27): rebuttal upld to trl docs Reviewer Comment (2026-02-27): The new RTC signed on [redacted] would be acceptable as cure documentation for the rescission exceptions, however we also need evidence of the letter of explanation to the borrower explaining why the borrower received a RTC after closing on [redacted]. Did the lender provide an explanation to the borrower? |
03/03/2026 | No | 2 | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||||
| 225032310 | [Redacted] | [Redacted] | 35695012 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-03): Client elects to waive. |
02/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||
| 225032310 | [Redacted] | [Redacted] | 35695013 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): received avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||||
| 225032310 | [Redacted] | [Redacted] | 35695018 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - [redacted] Family not provided | Reviewer Comment (2026-02-12): Received Rider - [redacted] Family. Exception cleared. Buyer Comment (2026-02-10): 1-4 Family Rider |
02/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||
| 225032310 | [Redacted] | [Redacted] | 35709511 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provided for [redacted] mortgage payment history with A[redacted] per payff statement in file. | Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-02-03): Client elects to waive with compensating factors. |
02/03/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | N/A | Exempt from ATR | No | ||||||||
| 225032310 | [Redacted] | [Redacted] | 37038525 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | NY | Investment | Refinance - Cash-out - Other | D | C | C | B | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||||||||
| 225033068 | [Redacted] | [Redacted] | 35735201 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-06): Client elects to waive. |
02/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225033415 | [Redacted] | [Redacted] | 35694978 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-26): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2026-02-24): PC Cert |
02/26/2026 | No | 1 | N/A | A | A | A | N/A | A | A | N/A | A | KY | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | A | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225033415 | [Redacted] | [Redacted] | 35695019 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Award letter is missing in the file. | Reviewer Comment (2026-02-25): VA Verification of Benefits received. Exception cleared. Buyer Comment (2026-02-24): Certificate of Eligibility showing monthly compensation of $ [redacted] Reviewer Comment (2026-02-19): Received duplicate award letter for the [redacted]Pension, however the award letter that is missing is for the [redacted]VA Benefit. Buyer Comment (2026-02-19): award letter Buyer Comment (2026-02-18): PC Cert |
02/25/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | KY | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | A | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225033415 | [Redacted] | [Redacted] | 35695020 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | [redacted] by provided as a primary valuation on a [redacted] lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-03): Client elects to waive. |
02/03/2026 | No | 2 | A | A | A | A | A | A | B | B | KY | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | A | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225033415 | [Redacted] | [Redacted] | 35695021 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-03): Client elects to waive. |
02/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | KY | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | A | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225033415 | [Redacted] | [Redacted] | 35695022 | Credit | Title | General | Title | Title Policy Coverage is [redacted] than Original Loan Amount. | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2026-02-17): Final Title policy received with policy amount $ [redacted]. Exception Cleared. Buyer Comment (2026-02-16): title commitment |
02/17/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | KY | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | A | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225033415 | [Redacted] | [Redacted] | 35695023 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy | Reviewer Comment (2026-02-17): Final Title policy received. Exception Cleared. |
02/17/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | KY | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | A | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225033415 | [Redacted] | [Redacted] | 35695025 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to VA benefits award letter is missing in the file. | Reviewer Comment (2026-02-25): VA Verification of Benefits received. Exception cleared. Buyer Comment (2026-02-24): COE submitted |
02/25/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | KY | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | A | A | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225033415 | [Redacted] | [Redacted] | 35695026 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to VA benefits award letter is missing in the file. | Reviewer Comment (2026-02-25): VA Verification of Benefits received. Exception cleared. Buyer Comment (2026-02-24): COE submitted |
02/25/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | KY | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | A | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225033415 | [Redacted] | [Redacted] | 35695027 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2026-02-17): Received E-Sign Consent Agreement. Exception Cleared. Buyer Comment (2026-02-16): PC Cert |
02/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | KY | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | A | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225033495 | [Redacted] | [Redacted] | 35694976 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-03): client elects to waive. |
02/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225033495 | [Redacted] | [Redacted] | 35694977 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-02-23): CDA received. Buyer Comment (2026-02-19): please see attached CDA report |
02/23/2026 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225033495 | [Redacted] | [Redacted] | 35694985 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Land only REO - [redacted] is not listed in final 1003. With reference to Property report and tax certificate, borrower is the [redacted] owner. | Reviewer Comment (2026-02-26): Updated 1003 provided Buyer Comment (2026-02-24): 1003 Reviewer Comment (2026-02-18): This property was not mentioned in the final 1003. Please provide updated 1003 with the property in REO section. Buyer Comment (2026-02-14): please see doc [redacted], no current loan on land parcel, borrower owns free and clear. |
02/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225039564 | [Redacted] | [Redacted] | 35710337 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-02-11): waived |
02/11/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225041587 | [Redacted] | [Redacted] | 35718039 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-04): Client elected to waive the condition. |
02/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225041587 | [Redacted] | [Redacted] | 35718062 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification for property located at [redacted]. | Reviewer Comment (2026-02-16): Property is free & clear Insurance verification is not required. Exception Cleared. Buyer Comment (2026-02-13): Property Free and Clear , hazard not required |
02/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225041587 | [Redacted] | [Redacted] | 35718239 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI variance. Lenders DTI: $[redacted]%. Review DTI: [redacted]%. Variance due to lender including monthly payment of HELOC that is being paid off in DTI calculation. | Reviewer Comment (2026-02-16): Received revised 1008. Exception Cleared. Buyer Comment (2026-02-13): See updated 1008/1003 Buyer Comment (2026-02-13): Corrected 1008/1003 |
02/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225041587 | [Redacted] | [Redacted] | 35718309 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | ATR risk due to DTI variance and missing awards/continuance letter. | Reviewer Comment (2026-02-16): Bank statements for the past [redacted]months show consistent SSA deposits. Award Letter not provided, but guidelines allow verification through proof of receipt. SSA income considered stable and acceptable for qualifying. Exception Cleared. Buyer Comment (2026-02-13): See updated 1008/1003 |
02/16/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225041587 | [Redacted] | [Redacted] | 35718310 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | ATR risk due to DTI variance and missing awards/continuance letter. | Reviewer Comment (2026-02-16): Bank statements for the past [redacted]months show consistent SSA deposits. Award Letter not provided, but guidelines allow verification through proof of receipt. SSA income considered stable and acceptable for qualifying. Exception Cleared. Buyer Comment (2026-02-13): See updated 1008/1003 |
02/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225041587 | [Redacted] | [Redacted] | 35721701 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Award Letter / Continuance Letter for social security income not provided. | Reviewer Comment (2026-02-16): Bank statements for the past four months show consistent SSA deposits. Award Letter not provided, but guidelines allow verification through proof of receipt. SSA income considered stable and acceptable for qualifying. Exception Cleared. Buyer Comment (2026-02-13): See bank statements in [redacted], [redacted], and [redacted]they shows the receipt of SSI income of $ [redacted]/$ [redacted]for [redacted]months |
02/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225041587 | [Redacted] | [Redacted] | 35721705 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Award Letter / Continuance Letter for social security income not provided. | Reviewer Comment (2026-02-16): Bank statements for the past [redacted]months show consistent SSA deposits. Award Letter not provided, but guidelines allow verification through proof of receipt. SSA income considered stable and acceptable for qualifying. Exception Cleared. Buyer Comment (2026-02-13): See bank statements in [redacted], [redacted], and [redacted]they shows the receipt of SSI income of $ [redacted]/$ [redacted]for [redacted]months |
02/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225041587 | [Redacted] | [Redacted] | 35721709 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | ATR risk due to DTI variance and missing awards/continuance letter. | Reviewer Comment (2026-02-16): Bank statements for the past [redacted]months show consistent SSA deposits. Award Letter not provided, but guidelines allow verification through proof of receipt. SSA income considered stable and acceptable for qualifying. Exception Cleared. Buyer Comment (2026-02-13): See bank statements in [redacted], [redacted], and [redacted]they shows the receipt of SSI income of $ [redacted]/$ [redacted]for [redacted] months |
02/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225041588 | [Redacted] | [Redacted] | 35718484 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Lender DTI [redacted]%, Review DTI [redacted]%. Variance is within [redacted]% tolerance. Discrepancy is due to expenses for investment property located at #[redacted] considered in lenders DTI calculation. | Reviewer Comment (2026-02-24): As per HOI policy we can identity Property [redacted] belongs to borrower business. Exception Cleared. Buyer Comment (2026-02-23): taxe, ins, no hoa and business bank statement upld Reviewer Comment (2026-02-16): Please provided supporting documentation to verity expenses are paid by the business. Buyer Comment (2026-02-13): please cancel/waive, this is the business property, expenses are paid by the business. |
02/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225041588 | [Redacted] | [Redacted] | 35718486 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-04): Client elected to waive the condition. |
02/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225041588 | [Redacted] | [Redacted] | 35718518 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of [redacted] QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Waterfall due to Income documentation requirement not met. Third Party Verification was not provided for the Business Income. | Reviewer Comment (2026-02-24): We have received Business License in file. Exception Cleared. Buyer Comment (2026-02-23): the business license should be acceptable to clear, shows the buiness has been active since [redacted]and is dated the day it was pulled. The google search also confirms business is active. Reviewer Comment (2026-02-16): A third party verification or cpa letter that verifiies dates of employment is not located in the file. Buyer Comment (2026-02-13): please cancel/waive the business license was provided on [redacted] and the google search on [redacted] |
02/24/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225041588 | [Redacted] | [Redacted] | 35718519 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - S-Corp | General QM: Unable to verify current [redacted] status using reasonably reliable third-party records. | Waterfall due to Income documentation requirement not met. Third Party Verification was not provided for the Business Income. | Reviewer Comment (2026-02-24): We have received Business License in file. Exception Cleared. Buyer Comment (2026-02-23): the business license should be acceptable to clear, shows the buiness has been active since [redacted]and is dated the day it was pulled. The google search also confirms business is active. Reviewer Comment (2026-02-16): A third party verification or cpa letter that verifiies dates of employment is not located in the file. Buyer Comment (2026-02-13): please cancel/waive the business license was provided on [redacted]and the google search on [redacted] |
02/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225041588 | [Redacted] | [Redacted] | 35718520 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to Income documentation requirement not met. Third Party Verification was not provided for the Business Income. | Reviewer Comment (2026-02-24): We have received Business License in file. Exception Cleared. Buyer Comment (2026-02-23): the business license should be acceptable to clear, shows the buiness has been active since [redacted]and is dated the day it was pulled. The google search also confirms business is active. Reviewer Comment (2026-02-16): A third party verification or cpa letter that verifiies dates of employment is not located in the file. Buyer Comment (2026-02-13): please cancel/waive the business license was provided on [redacted]and the google search on [redacted] |
02/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225041588 | [Redacted] | [Redacted] | 35718521 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to Income documentation requirement not met. Third Party Verification was not provided for the Business Income. | Reviewer Comment (2026-02-24): We have received Business License in file. Exception Cleared. Buyer Comment (2026-02-23): the business license should be acceptable to clear, shows the buiness has been active since [redacted]and is dated the day it was pulled. The google search also confirms business is active. Reviewer Comment (2026-02-16): A third party verification or cpa letter that verifiies dates of employment is not located in the file. Buyer Comment (2026-02-13): please cancel/waive the business license was provided on [redacted]and the google search on [redacted] |
02/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225041588 | [Redacted] | [Redacted] | 35718523 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Waterfall due to Income documentation requirement not met. Third Party Verification was not provided for the Business Income. | Reviewer Comment (2026-02-24): We have received Business License in file. Exception Cleared. Buyer Comment (2026-02-23): the business license should be acceptable to clear, shows the buiness has been active since [redacted]and is dated the day it was pulled. The google search also confirms business is active. Reviewer Comment (2026-02-16): A third party verification or cpa letter that verifiies dates of employment is not located in the file. Buyer Comment (2026-02-13): please cancel/waive the business license was provided on [redacted]and the google search on [redacted] |
02/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225041588 | [Redacted] | [Redacted] | 35718540 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Waterfall due to Income documentation requirement not met. Third Party Verification was not provided for the Business Income. | Reviewer Comment (2026-02-24): We have received Business License in file. Exception Cleared. Buyer Comment (2026-02-23): the business license should be acceptable to clear, shows the buiness has been active since [redacted]and is dated the day it was pulled. The google search also confirms business is active. Reviewer Comment (2026-02-16): A third party verification or cpa letter that verifiies dates of employment is not located in the file. Buyer Comment (2026-02-13): please cancel/waive the business license was provided on [redacted]and the google search on [redacted] |
02/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225041591 | [Redacted] | [Redacted] | 35718735 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-02-14): ok to waive per deal notes/CNR |
02/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225041591 | [Redacted] | [Redacted] | 35718752 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Finance Charge disclosed is $[redacted] Calculated finance charge is $[redacted] . Variance of $[redacted]. | Reviewer Comment (2026-02-17): [redacted]received lender attestation confirming title-tax cert is not life of loan service and [redacted]time only fee Buyer Comment (2026-02-16): title email upld- $ [redacted]is [redacted]time fee and not life of the loan, not a finance charge |
02/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225041591 | [Redacted] | [Redacted] | 35718753 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Finance Charge disclosed as$[redacted] vs actual amount of $[redacted]. Variance of $[redacted]. | Reviewer Comment (2026-02-17): [redacted]received lender attestation confirming title-tax cert is not life of loan service and [redacted]time only fee Buyer Comment (2026-02-16): title email upld to trl docs- $ [redacted]is [redacted]time fee and not life of the loan, not a finance charge |
02/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225041591 | [Redacted] | [Redacted] | 35726351 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) [redacted] Cash-out Loan (Other Debt) | [redacted] Constitution Section [redacted] prohibits other debt secured by the homestead unless the purpose of additional debt is one described under [redacted][redacted] or ([redacted]). Unable to determine purpose of additional debt secured by the homestead. | Reviewer Comment (2026-02-18): updated Buyer Comment (2026-02-14): please advise what documentation would be needed to satisfy this |
02/18/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | Confirm whether additional debt on the subject property is a [redacted] 50(a)(6) or 50(a)(7) prior to Remediating. Notify consumer the accrual of interest and other obligations will be abated so long as the prior 50(a)(6) or (7) is secured by the homestead | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||
| 225041595 | [Redacted] | [Redacted] | 35719736 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult [redacted]for further instruction. | Reviewer Comment (2026-02-04): Waive per Client's guidance |
02/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225041595 | [Redacted] | [Redacted] | 35719739 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted]/ or [redacted]/ and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Information updated as per documents provided in file. | Reviewer Comment (2026-02-23): Received Final Title Policy shows policy amount as $ [redacted]. Exception cleared. Buyer Comment (2026-02-20): Please see attached title work showing coverage of $ [redacted]. |
02/23/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225041595 | [Redacted] | [Redacted] | 35719741 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-02-23): Received Final Title Policy shows policy amount as $ [redacted]. Exception cleared. |
02/23/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225044018 | [Redacted] | [Redacted] | 35724797 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-04): Client elects to waive. |
02/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225044879 | [Redacted] | [Redacted] | 35727584 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-02-17): okay to waive per CNR |
02/17/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Purchase | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225044879 | [Redacted] | [Redacted] | 35727585 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-02-15): ok to waive per deal notes CNR |
02/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225051040 | [Redacted] | [Redacted] | 35728220 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-16): Client elects to waive. Buyer Comment (2026-02-15): please clarify what is needed as condition states "for informational purposes only" |
02/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225051040 | [Redacted] | [Redacted] | 35728230 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Variance in DTI due to no supporting documentation is available in the file to validate Accessory Unit Income. | Reviewer Comment (2026-02-19): Received updated 1008 which supports the correct DTI, however Bid tape remains a discrepancy. Condition is allowed to be cleared. Buyer Comment (2026-02-17): revised 1008, DTI matches at [redacted]% |
02/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225051085 | [Redacted] | [Redacted] | 35729521 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Data Discrepancy with DTI. Lender DTI is [redacted]%. Review DTI [redacted]. The reason for the discrepancy is due to negative business income is higher than the lender calculated. | Reviewer Comment (2026-05-28): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2026-05-26): rebuttal upld Reviewer Comment (2026-05-19): Received updated 1008 with a DTI of [redacted]%, however DD DTI is at [redacted]% which exceeds [redacted]%, however is within tolerance. Reviewer Comment (2026-05-19): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]%; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]%. Buyer Comment (2026-03-16): revised 1008 dti [redacted], dti is within [redacted]variance Reviewer Comment (2026-03-13): It appears the lender is using lower consumer debt than DD calculated and what was provided on the credit report. All rental calculations match lender calculations as does actual income. Buyer Comment (2026-03-12): rebuttal upld Reviewer Comment (2026-02-20): There is a DTI discrepancy. Lender DTI is [redacted]%. however the calculated DTI is DTI [redacted]%. Buyer Comment (2026-02-18): is this cleared? Reviewer Comment (2026-02-17): Documenttion reflecting negative business income is located in the file. Buyer Comment (2026-02-14): please cancel/waive, see comments on uw income calc confirming base wages were used. |
05/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||
| 225051085 | [Redacted] | [Redacted] | 35729542 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Final title policy is not required. | Reviewer Comment (2026-02-19): Received final title policy. Exception Cleared. |
02/19/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||
| 225051085 | [Redacted] | [Redacted] | 35729637 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted]or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title policy does not reflect a coverage amount. | Reviewer Comment (2026-02-19): Received final title policy with policy amount. Exception Cleared. Buyer Comment (2026-02-18): final policy upld |
02/19/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||
| 225051085 | [Redacted] | [Redacted] | 35729638 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-02-14): ok to waive per deal notes/CNR |
02/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||
| 225051085 | [Redacted] | [Redacted] | 35729647 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | A [redacted]valuation report is required for securitization. | Reviewer Comment (2026-07-21): received avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||
| 225051085 | [Redacted] | [Redacted] | 37038723 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | CA | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||||||||
| 225051088 | [Redacted] | [Redacted] | 35733090 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-02-11): waived |
02/11/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225051528 | [Redacted] | [Redacted] | 35730941 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-02-17): waived per CNR |
02/17/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | LA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225051528 | [Redacted] | [Redacted] | 35730945 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-05): Waive per Client's guidance |
02/05/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | LA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225051559 | [Redacted] | [Redacted] | 35730155 | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-02-18): Supplemental report received & coverage amount updated. Exception cleared. Buyer Comment (2026-02-17): Supplement |
02/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225051559 | [Redacted] | [Redacted] | 35730156 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-05): Waive per Client's guidance |
02/05/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225051559 | [Redacted] | [Redacted] | 35730177 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception is approved for; Borrower has owned subject property > [redacted]years and has mortgage lates that exceed allowable per guidelines. Letter of explanation included in file detailing reasons including checks being delayed in the mail and lapse in payment processing by [redacted]. | Borrower has owned the subject property for at least [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower has been employed in the same industry for more than [redacted] years. |
Borrower has owned the subject property for at least [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower has been employed in the same industry for more than [redacted] years. |
Originator,SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-02-05): Client elects to waive with compensating factors. |
02/05/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 225051572 | [Redacted] | [Redacted] | 35730792 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is not provided in file | Reviewer Comment (2026-02-18): E-sign Consent Agreement received in file. Exception Cleared. Buyer Comment (2026-02-17): econsent |
02/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225051572 | [Redacted] | [Redacted] | 35730851 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-05): Client elects to waive. |
02/05/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225051572 | [Redacted] | [Redacted] | 35730855 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-05): Client elects to waive. |
02/05/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||||
| 225051572 | [Redacted] | [Redacted] | 35730862 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-05): Client elects to waive. |
02/05/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225051572 | [Redacted] | [Redacted] | 35730867 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Coverage amount not provided on preliminary title. | Reviewer Comment (2026-02-26): Title Final received & coverage amount updated. Exception cleared. Buyer Comment (2026-02-25): title commitment |
02/26/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225051572 | [Redacted] | [Redacted] | 35730869 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-02-26): Title Final received & associated. Exception cleared. |
02/26/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225052496 | [Redacted] | [Redacted] | 35729376 | Credit | Guideline | Guideline Issue | Guideline | Aged document: Primary Valuation is older than guidelines permit | - | Appraisal Report is more than [redacted]days of Note date. | Reviewer Comment (2026-02-19): Cleared. Appraisal update is located in the file. Buyer Comment (2026-02-17): PC Cert |
02/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||
| 225052496 | [Redacted] | [Redacted] | 35729414 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): recevied avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | |||||||||||||
| 225052496 | [Redacted] | [Redacted] | 35729454 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||||
| 225052496 | [Redacted] | [Redacted] | 35729534 | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within [redacted] days of the Note Date. | Updated policy is required as Hazard Insurance Policy expires within [redacted]days of the Note Date. | Reviewer Comment (2026-03-13): Renewal Hazard Insurance policy received. Exception cleared. Buyer Comment (2026-03-11): Please see attached policy renewal |
03/13/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | |||||||||||
| 225052496 | [Redacted] | [Redacted] | 35729624 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final [redacted] | Final Application (1003) is missing. | Reviewer Comment (2026-02-25): Final 1003 received. Exception cleared. Buyer Comment (2026-02-24): 1003 |
02/25/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | |||||||||||
| 225052496 | [Redacted] | [Redacted] | 35729962 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Unable to determine if the subject property is used for income calculation. | Reviewer Comment (2026-02-24): As per provided document and information re-validated. DTI discrepancy suffices. Exception Cleared. Buyer Comment (2026-02-23): PC cert, 1003, 1008 |
02/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | |||||||||||
| 225052496 | [Redacted] | [Redacted] | 37038725 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. A [redacted] AVM was provided with [redacted], and its value supports the "Use for LTV" value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. Per client, per [redacted] Guidelines only require one valuation product. |
07/28/2026 | No | 2 | B | A | A | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | |||||||||||||||||
| 225060074 | [Redacted] | [Redacted] | 35744388 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-06): per deal notes |
02/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225060074 | [Redacted] | [Redacted] | 35744393 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-06): per deal notes |
02/06/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225060074 | [Redacted] | [Redacted] | 35744394 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or [redacted] interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-06): AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted]per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of " [redacted]". |
02/06/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225060074 | [Redacted] | [Redacted] | 35744464 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Rental documentation is not provided for REO property. | Reviewer Comment (2026-02-24): Rental income not being used, updated 1008 received, exception cleared. Buyer Comment (2026-02-20): No rental income being used. See attached updated 1008. |
02/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225060074 | [Redacted] | [Redacted] | 35744508 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-02-24): Lender approved exception for LTV. Client elects to waive with compensating factors. Buyer Comment (2026-02-20): EXCEPTION APPROVAL |
02/24/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 225060074 | [Redacted] | [Redacted] | 35752824 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of [redacted] (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan designation failure due to missing market rent for investment property. | Reviewer Comment (2026-02-24): Rental income not being used, updated 1008 received, exception cleared. Buyer Comment (2026-02-20): See exception approval |
02/24/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225060074 | [Redacted] | [Redacted] | 35752825 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - REO [redacted]% Method | General QM: Unable to verify Real Estate Owned income ([redacted]) using reasonably reliable third-party records. | Loan designation failure due to missing market rent for investment property. | Reviewer Comment (2026-02-24): Rental income not being used, updated 1008 received, exception cleared. Buyer Comment (2026-02-20): See exception approval |
02/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225060886 | [Redacted] | [Redacted] | 35753686 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): Client elects to waive. |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| 225060942 | [Redacted] | [Redacted] | 35752559 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or [redacted] interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-11): Client elects to waive. |
02/11/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225060942 | [Redacted] | [Redacted] | 35752566 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-11): Client elects to waive. |
02/11/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225060942 | [Redacted] | [Redacted] | 35752568 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-11): Client elects to waive. |
02/11/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225060942 | [Redacted] | [Redacted] | 35752727 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock not provided. | Reviewer Comment (2026-02-19): Initial rate lock document received & associated. Exception cleared. Buyer Comment (2026-02-17): Lock Forms |
02/19/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225062686 | [Redacted] | [Redacted] | 35757225 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): Received avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | VT | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225062686 | [Redacted] | [Redacted] | 35757226 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-11): Client elects to waive. |
02/11/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | VT | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225062686 | [Redacted] | [Redacted] | 35757348 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Waterfall due to missing income documents require most recent signed dated tax return, CPA/ Third party verification of primary business. | Reviewer Comment (2026-02-25): Third party verification details updated from available document. Exception cleared. Buyer Comment (2026-02-24): rebuttal upld to trl docs. |
02/25/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | VT | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225062686 | [Redacted] | [Redacted] | 35757349 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - Schedule [redacted] | General QM: Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. | Waterfall due to missing income documents require most recent signed dated tax return, CPA/ Third party verification of primary business. | Reviewer Comment (2026-02-25): Third party verification details updated from available document. Exception cleared. Buyer Comment (2026-02-24): rebuttal upld to trl docs. |
02/25/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | VT | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225062686 | [Redacted] | [Redacted] | 35791540 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | A third party verification for the [redacted]/Schedule [redacted] employment is not located in the file. | Reviewer Comment (2026-02-25): Third party verification details updated from available document. Exception cleared. Buyer Comment (2026-02-24): rebuttal upld |
02/25/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | VT | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225062686 | [Redacted] | [Redacted] | 35791546 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | A third party verification for the [redacted]/Schedule [redacted] employment is not located in the file. | Reviewer Comment (2026-02-25): Third party verification details updated from available document. Exception cleared. Buyer Comment (2026-02-24): rebuttal upld to trl docs. |
02/25/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | VT | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225062686 | [Redacted] | [Redacted] | 35791556 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | A third party verification for the [redacted]/Schedule [redacted] employment is not located in the file. | Reviewer Comment (2026-02-25): Third party verification details updated from available document. Exception cleared. Buyer Comment (2026-02-24): rebuttal upld to trl docs. |
02/25/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | VT | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225062686 | [Redacted] | [Redacted] | 35791557 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | A third party verification for the [redacted]/Schedule [redacted] employment is not located in the file. | Reviewer Comment (2026-02-25): Third party verification details updated from available document. Exception cleared. Buyer Comment (2026-02-24): rebuttal upld to trl docs. |
02/25/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | VT | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225063666 | [Redacted] | [Redacted] | 35758509 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing | Reviewer Comment (2026-02-17): Received Business Purpose Certificate in the file. Exception Cleared. Buyer Comment (2026-02-13): bp cert upld |
02/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 225063666 | [Redacted] | [Redacted] | 35758522 | Credit | Title | General | Title | Title Policy Coverage is [redacted] than Original Loan Amount. | The Title Policy Amount of $ [redacted]is less than the note amount of $ [redacted]based on the Commitment in file. | Reviewer Comment (2026-02-17): Received updated Title Commitment in the file. Exception Cleared. Buyer Comment (2026-02-13): updated commit upld |
02/17/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 225072492 | [Redacted] | [Redacted] | 35759566 | Credit | Document Inventory | General | Missing Document | Evidence of Taxpayer Consent is Missing, and Taxpayer documentation is present. | Evidence of Taxpayer Consent is Missing, | Reviewer Comment (2026-02-20): Final 1003 associated, exception cleared Buyer Comment (2026-02-18): See ( [redacted]) on 1003 pg [redacted] [redacted]and waive |
02/20/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225072492 | [Redacted] | [Redacted] | 35759567 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225072492 | [Redacted] | [Redacted] | 35759614 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | VVOE within [redacted]business days of the Note is missing. | Reviewer Comment (2026-03-02): Received required documentation. Condition cleared. Buyer Comment (2026-02-27): The active status when you pull it only covers a cert time frame. It's all done electronically. See time prior to that which shows they have been active [redacted] years. Reviewer Comment (2026-02-19): The VOE document reflects an active duty start date of [redacted]; however, we have prior W-2s for [redacted]and [redacted]in the file. Required a revised document with the correct active duty start date. Exception Remains. Buyer Comment (2026-02-18): Closing VVOE |
03/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225072492 | [Redacted] | [Redacted] | 35759652 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Representative FICO score of [redacted]is less than Guideline representative FICO score of [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. Reserves: [redacted] Guideline Requirement: [redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-02-20): Client elects to waive with compensating factors. Buyer Comment (2026-02-18): See exception pg [redacted] [redacted]and waive. [redacted]score is [redacted]% LTV. Exception allowed for [redacted]% |
02/20/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| 225072492 | [Redacted] | [Redacted] | 35759653 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | VVOE within [redacted]business days of the Note is missing. | Reviewer Comment (2026-03-02): Received required documentation. Condition cleared. Buyer Comment (2026-02-27): See upload Reviewer Comment (2026-02-19): The VOE document reflects an active duty start date of [redacted]; however, we have prior W-2s for [redacted]and [redacted]in the file. Required a revised document with the correct active duty start date. Exception Remains. Buyer Comment (2026-02-18): see upload |
03/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225072492 | [Redacted] | [Redacted] | 35759729 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan Designation is updated as per deal Notes. Originator Loan Designation of[redacted] (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Reviewer Comment (2026-03-02): Received required documentation. Condition cleared. Buyer Comment (2026-02-27): See upload Reviewer Comment (2026-02-19): The VOE document reflects an active duty start date of [redacted]; however, we have prior W-2s for [redacted]and [redacted]in the file. Required a revised document with the correct active duty start date. Exception Remains. Buyer Comment (2026-02-18): See upload |
03/02/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225072492 | [Redacted] | [Redacted] | 35759730 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Based on the loan failing [redacted]or more guideline components, the loan is at QM risk. Waterfall condition due to missing VVOE within [redacted]business days of the note. | Reviewer Comment (2026-03-02): Received required documentation. Condition cleared. Buyer Comment (2026-02-27): See upload Reviewer Comment (2026-02-19): The VOE document reflects an active duty start date of [redacted]; however, we have prior W-2s for [redacted]and [redacted]in the file. Required a revised document with the correct active duty start date. Exception Remains. Buyer Comment (2026-02-18): See upload |
03/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225072492 | [Redacted] | [Redacted] | 35759778 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception [redacted]% CLTV Exception to [redacted]% when guidelines allow to a max [redacted]% CLTV | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. Reserves: [redacted] Guideline Requirement: [redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-02-11): Lender Exception with Compensating Factors provided. |
02/11/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 225074832 | [Redacted] | [Redacted] | 35758240 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-11): Waive per Client's guidance |
02/11/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225074832 | [Redacted] | [Redacted] | 35758261 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title search shows negative impact on title. | Judgment amount case # [redacted], [redacted]E: provide discharge or satisfaction for the same. | Reviewer Comment (2026-03-09): Cleared. Received LOE from title confirming issus is not related to our borrower. Buyer Comment (2026-03-06): Not our borrower |
03/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225074834 | [Redacted] | [Redacted] | 35762237 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-02-17): okay to waive per CNR |
02/17/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Second Home | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||||
| 225074834 | [Redacted] | [Redacted] | 35762310 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of Higher Priced QM (APOR). | QM failure due to points and fees: Points and Fees total $ [redacted]on a Federal Total Loan Amount of $ [redacted]vs. an allowable total of $ [redacted]. | Reviewer Comment (2026-03-24): Lender restated Loan designation. Condition cleared. Buyer Comment (2026-03-20): Thank you for your detailed guidance. Per discussion with our TL please change loan designation to HPQM (APOR). Reviewer Comment (2026-03-17): The APR exceeds the threshold used to determine HPQM (APOR) loans. A General QM loan is a higher-priced loan if: It is a [redacted]-lien mortgage for which, at the time the interest rate on the loan was set, the APR was [redacted]percentage points or more over the APOR for a comparable transaction. It is a subordinate-lien mortgage with an APR that, when the interest rate was set, exceeded the APOR for a comparable transaction by [redacted]percentage points or more. For the subject loan, which is a subordinate lien, the Index Date of [redacted] was used which yields an index (APOR) of [redacted]%. We add this to the [redacted]% margin above and arrive at a threshold of [redacted]%. If the APR on a general QM exceeds this threshold, it will be a Higher-Priced QM. The calculated APR on the loan is [redacted]% which exceeds the threshold and makes the loan HPQM. Note this was also called on within the [redacted] Report, yet the loan was submitted as Safe Harbor QM (APOR). Client/seller can restate the loan designation to HPQM (APOR) and the EV3 LD mismatch will be replaced by a EV2 Restated LD exception. Reviewer Comment (2026-03-17): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. Buyer Comment (2026-03-16): A valid change of circumstance was provided which allows for a change in the points and fees. This is not a cure, this is a valid COC. Reviewer Comment (2026-03-04): Under the ATR Rule, QM points and fees cures are only available for loans consummated on or before [redacted]. For loan consummated after this time, there is no cure available. The loan can always be restated to Non-QM, if desirable for client/seller, where the EV3 points and fees exception will be replaced with an EV2 restated loan designation exception. Buyer Comment (2026-03-02): Please see attached rebuttal with screen prints. Borrower changed loan amount and program resulting in higher points. Reviewer Comment (2026-03-02): he points and fees total [redacted] is greater than the max allowable of [redacted] (an overage of $ [redacted]). Buyer Comment (2026-02-27): [redacted]: Please clarify what is triggering this exception and what is needed to clear for a closed end [redacted]mortgage |
03/24/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Second Home | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Higher Priced QM (APOR) | Yes | |||||||||
| 225074834 | [Redacted] | [Redacted] | 36121892 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Restated Loan Designation Match - QM / ATR | Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Higher [redacted] QM (APOR) matches the Due Diligence Loan Designation of Higher Priced QM (APOR). | Lender restated Loan designation. Citing is an EV2 for informational purposes only. | Buyer Comment (2026-03-25): OK to waive per CNR |
03/25/2026 | No | 2 | A | B | B | B | A | CA | Second Home | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Higher Priced QM (APOR) | No | |||||||||||||||
| 225083553 | [Redacted] | [Redacted] | 35771932 | Credit | Guideline | Guideline Issue | Guideline | Variance between diligence DSCR and bid tape DSCR does not meet [redacted] requirements. Variance is more than [redacted]. | DSCR mismatch due to Monthly PITIA $ [redacted]and Monthly Income $ [redacted] | Reviewer Comment (2026-02-20): Considered [redacted] mortgage PITIA to calculate DSCR. Exception Cleared. Buyer Comment (2026-02-18): please see DSCR worksheet doc [redacted] |
02/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 225083669 | [Redacted] | [Redacted] | 35786147 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2026-02-19): Received e-sign consent. Exception cleared. Buyer Comment (2026-02-18): econsent |
02/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225083669 | [Redacted] | [Redacted] | 35786148 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-11): client elects to waive. |
02/11/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225083669 | [Redacted] | [Redacted] | 35786484 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | File is missing a Verbal Verification of Employment VVOE completed within [redacted]days of closing. | Reviewer Comment (2026-02-23): Received Leave and Earnings Statement dated [redacted]. Exception cleared Buyer Comment (2026-02-20): borrower is in the [redacted]. please see Leave and Earnings Statements docs [redacted]- [redacted] |
02/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225083669 | [Redacted] | [Redacted] | 35786485 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | File is missing a Verbal Verification of Employment VVOE completed within [redacted]days of closing. | Reviewer Comment (2026-02-23): Received Leave and Earnings Statement dated [redacted]. Exception cleared Buyer Comment (2026-02-20): borrower is in the [redacted]. please see Leave and Earnings Statements docs [redacted]- [redacted] |
02/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225083669 | [Redacted] | [Redacted] | 35786486 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Reviewer Comment (2026-03-04): Cleared. Received 4506. Buyer Comment (2026-03-03): [redacted]\ [redacted]signed 4506C |
03/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225083669 | [Redacted] | [Redacted] | 35786487 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to income document 4506-C and VOE missing. | Reviewer Comment (2026-03-04): Cleared. Received 4506. Buyer Comment (2026-03-03): [redacted]\ [redacted]signed 4506C |
03/04/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | SC | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225083669 | [Redacted] | [Redacted] | 35786488 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted] or more guideline components, the loan is at QM risk. | Waterfall due to income document 4506-C and VOE missing. | Reviewer Comment (2026-03-04): Cleared. Received 4506. Buyer Comment (2026-03-03): [redacted]\ [redacted]signed 4506C |
03/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225083703 | [Redacted] | [Redacted] | 35814858 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-17): Per deal notes |
02/17/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225084107 | [Redacted] | [Redacted] | 35786642 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-02-17): waived per CNR |
02/17/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Home Improvement | A | A | A | A | A | A | A | A | N/A | Non QM | No | ||||||||||||
| 225087452 | [Redacted] | [Redacted] | 35801646 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): [redacted] |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225087452 | [Redacted] | [Redacted] | 35801647 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-16): Client elects to waive |
02/16/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | A | A | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225089071 | [Redacted] | [Redacted] | 35804119 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-16): client elects to waive |
02/16/2026 | No | 2 | A | A | A | A | A | A | B | B | UT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225089071 | [Redacted] | [Redacted] | 35804120 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-16): Client elects to waive |
02/16/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | UT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225089071 | [Redacted] | [Redacted] | 35804121 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-02-20): OK to waive per deal notes\CNR |
02/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225089071 | [Redacted] | [Redacted] | 35804217 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI discrepancy due to lender utilizing a higher P&I for primary mortgage than reflected in source documents. | Reviewer Comment (2026-02-23): Corrected 1008 received & associated. Exception cleared. Buyer Comment (2026-02-20): revised 1008 for updated primary P&I, DTI now [redacted]% |
02/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225089071 | [Redacted] | [Redacted] | 35804223 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI discrepancy causing loan designation discrepancy. | Reviewer Comment (2026-02-23): Corrected 1008 received & associated. Exception cleared. Buyer Comment (2026-02-20): revised 1008 for updated primary P&I, DTI now [redacted]% |
02/23/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | UT | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225089071 | [Redacted] | [Redacted] | 35804224 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted]or more guideline components, the loan is at QM risk. | Waterfall due to DTI discrepancy. | Reviewer Comment (2026-02-23): Corrected 1008 received & associated. Exception cleared. Buyer Comment (2026-02-20): revised 1008 for updated primary P&I, DTI now [redacted]% |
02/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225097661 | [Redacted] | [Redacted] | 35809980 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-03-05): ok to waive Reviewer Comment (2026-02-25): Unable to waive Loan is to be securitized. Appraisal from prior transaction was in file. [redacted] valuation from subject transaction is missing. Sec ID: [redacted] Buyer Comment (2026-02-23): Please waive. |
03/05/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | IL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225097661 | [Redacted] | [Redacted] | 35809981 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-16): Client elects to waive. |
02/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225097661 | [Redacted] | [Redacted] | 35823694 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Lender exception provided for CLTV over [redacted]%. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Documentation Type: [redacted] Disposable Income: $[redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-02-16): Client elects to waive with compensating factors. |
02/16/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| 225097662 | [Redacted] | [Redacted] | 35809725 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-16): Client elects to waive. |
02/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225097662 | [Redacted] | [Redacted] | 35809829 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to permit [redacted]months for PAU in lieu of [redacted]months. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-02-16): Client elects to waive with compensating factors. |
02/16/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 225097662 | [Redacted] | [Redacted] | 35823676 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing a signed/dated close out letter for both Helocs paid at closing. | Reviewer Comment (2026-03-02): Received signed and dated closed out letter HELOC account. Exception cleared. Buyer Comment (2026-02-26): Please see attached close out letters from the borrowers. |
03/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225097701 | [Redacted] | [Redacted] | 35809720 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted]valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): Cleared. received avm. Reviewer Comment (2026-07-21): .. Buyer Comment (2026-02-24): ok to waive |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225097701 | [Redacted] | [Redacted] | 37038753 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | CA | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 225101048 | [Redacted] | [Redacted] | 35813130 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-16): Client elects to waive. |
02/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Home Improvement | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225101048 | [Redacted] | [Redacted] | 35813131 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-16): Client elects to waive. |
02/16/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | MI | Primary | Refinance - Cash-out - Home Improvement | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225101048 | [Redacted] | [Redacted] | 35813133 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted]per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-16): Client elects to waive. |
02/16/2026 | No | 2 | A | A | A | A | A | A | B | B | MI | Primary | Refinance - Cash-out - Home Improvement | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225101048 | [Redacted] | [Redacted] | 35813135 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non- [redacted]Citizen Status not provided | Verification of Non-US Citizen Status missing in file. | Reviewer Comment (2026-03-10): As per received updated 1003 borrower is a [redacted]Citizen. Verified from [redacted]r's License and Patriot Act Customer Identification. Exception cleared. Buyer Comment (2026-03-09): Not a Permanent Resident [redacted], corrected 1003 Reviewer Comment (2026-02-26): The borrower is a permanent resident [redacted], a valid Permanent Resident Card is required. Exception remains. Buyer Comment (2026-02-25): copy of IDs attached, executed patriot act is doc [redacted] |
03/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Home Improvement | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225101112 | [Redacted] | [Redacted] | 35810449 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used. | Right to Cancel was issued on incorrect form. [redacted] Form must be used as lender is not the same as originating lender. | Reviewer Comment (2026-02-25): Same lender refinance, exception cleared. Buyer Comment (2026-02-23): See [redacted]page [redacted]which shows [redacted] as the previous lender so [redacted]is correct. Its in schedule [redacted] |
02/25/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225101112 | [Redacted] | [Redacted] | 35810450 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of " [redacted]". | Reviewer Comment (2026-02-16): Client elects to waive |
02/16/2026 | No | 2 | A | A | A | A | A | A | B | B | VA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225101112 | [Redacted] | [Redacted] | 35810451 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-16): Client elects to waive |
02/16/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | VA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225101112 | [Redacted] | [Redacted] | 35810452 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-02-17): okay to waive per CNR |
02/17/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225102599 | [Redacted] | [Redacted] | 35813213 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||||
| 225102599 | [Redacted] | [Redacted] | 35813221 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-16): Client elects to waive |
02/16/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||||||
| 225102599 | [Redacted] | [Redacted] | 35813222 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of " [redacted]". | Reviewer Comment (2026-02-16): client elects to waive |
02/16/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||||
| 225102599 | [Redacted] | [Redacted] | 35813300 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - [redacted]-Corp Test | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current [redacted]-Corp status due to most recent Tax Return end date is older than [redacted]days before Closing Date, and one of these docs is required yet missing: Audited/Third Party P&L, CPA Letter, or other Third Party Verification. | Waterfall due to most recent tax return end date is older than [redacted]days and audited P&L and third party verification is missing in file. | Reviewer Comment (2026-02-24): Self-employment income was not used for qualification. Buyer Comment (2026-02-20): pc cert submitted |
02/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225102599 | [Redacted] | [Redacted] | 35813301 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Waterfall due to most recent tax return end date is older than [redacted]days and audited P&L and third party verification is missing in file. | Reviewer Comment (2026-02-27): Client elected to change to Non QM Reviewer Comment (2026-02-24): Loan designation mismatch is due to open QM points and fees exception. Buyer Comment (2026-02-20): pc cert submitted |
02/27/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | Yes | |||||||||
| 225102599 | [Redacted] | [Redacted] | 35813302 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees [redacted] | Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Federal Total Loan Amount. Points and Fees total $ [redacted]on a Federal Total Loan Amount of $ [redacted]vs. an allowable total of $ [redacted](an overage of $ [redacted]or . [redacted]%). | Points and Fees total of $ [redacted]on a Federal Total Loan Amount of $ [redacted]vs. an allowable total of $ [redacted]. There is an overage of $ [redacted]. | Reviewer Comment (2026-02-27): Client elected to change to Non QM Buyer Comment (2026-02-25): Please redesignate to non-QM. Thank you. Reviewer Comment (2026-02-24): Under the ATR Rule, QM points and fees cures are only available for loans consummated on or before [redacted]. For loan consummated after this time, there is no cure available. The loan can always be restated to Non-QM, if desirable for client/seller, where the EV3 points and fees exception will be replaced with an EV2 restated loan designation exception. Buyer Comment (2026-02-20): Please advise what our options to cure this condition are. |
02/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225102599 | [Redacted] | [Redacted] | 35813306 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Waterfall due to most recent tax return end date is older than [redacted]days and audited P&L and third party verification is missing in file for coborrower. | Reviewer Comment (2026-02-24): Self-employment income was not used for qualification. |
02/24/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225102599 | [Redacted] | [Redacted] | 35824847 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to most recent tax return end date is older than [redacted]days and audited P&L and third party verification is missing in file for coborrower. | Reviewer Comment (2026-02-24): Self-employment income was not used for qualification. Buyer Comment (2026-02-20): pc cert submitted |
02/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225102599 | [Redacted] | [Redacted] | 35824873 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing [redacted]or more guideline components, the loan is at ATR risk. | Waterfall due to most recent tax return end date is older than [redacted]days and audited P&L and third party verification is missing in file for coborrower. | Reviewer Comment (2026-02-24): Self-employment income was not used for qualification. Buyer Comment (2026-02-20): pc cert submitted |
02/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225102599 | [Redacted] | [Redacted] | 35824890 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | File is missing most recent tax return with end date lesser than [redacted]days, audited P&L and third party verification for coborrower. | Reviewer Comment (2026-02-24): Self-employment income was not used for qualification. Buyer Comment (2026-02-20): PC Cert |
02/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||||
| 225102599 | [Redacted] | [Redacted] | 35934609 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Restated Loan Designation Match - General Ability to Repay | Ability to Repay (Dodd-Frank 2014): The initial Loan Designation provided did not match. However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. | Client elected to change to Non QM | Reviewer Comment (2026-03-11): Client elects to waive. Buyer Comment (2026-03-09): Could you please waive this condition |
03/11/2026 | No | 2 | A | B | B | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||||||||
| 225102622 | [Redacted] | [Redacted] | 35811105 | Credit | Guideline | Guideline Issue | Guideline | Variance between diligence DSCR and bid tape DSCR does not meet [redacted]requirements. Variance is more than [redacted]. | DSCR variance. Lenders DSCR: [redacted]. Review DSCR: [redacted]. Variance is due to lenders calculation of PITI of $ [redacted]vs actual amount of $ [redacted]. | Reviewer Comment (2026-03-02): Updated correct subject property [redacted]lien P&I. DSCR requirement met. Exception Cleared. Buyer Comment (2026-02-27): Rebuttal, see statement [redacted]page [redacted] |
03/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 225108998 | [Redacted] | [Redacted] | 35816888 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-17): Client elects to waive. |
02/17/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225108998 | [Redacted] | [Redacted] | 35828750 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted]or [redacted]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Coverage amount is missing on preliminary title policy. | Reviewer Comment (2026-02-26): Supplemental Title report received, exception cleared. Buyer Comment (2026-02-24): title supplement upld |
02/26/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225109006 | [Redacted] | [Redacted] | 35816174 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope as [redacted]lien | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225113010 | [Redacted] | [Redacted] | 35819069 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-17): Client elects to waive. |
02/17/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | LA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225113615 | [Redacted] | [Redacted] | 35819585 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-17): Client elects to waive. |
02/17/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225113615 | [Redacted] | [Redacted] | 35819586 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-17): Client elects to waive. |
02/17/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225113615 | [Redacted] | [Redacted] | 35819587 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of " [redacted]". Client may elect to waive. | Buyer Comment (2026-02-25): Ok to waive per CNR |
02/25/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225115538 | [Redacted] | [Redacted] | 35826211 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-09): Client elects to waive. |
03/09/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225118304 | [Redacted] | [Redacted] | 35829863 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | The file is missing a copy of the [redacted]valuation required for securitization purposes. | Buyer Comment (2026-02-27): OK to waive per CNR |
02/27/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225118304 | [Redacted] | [Redacted] | 35829865 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-27): Client elects to waive. Buyer Comment (2026-02-27): Please waive or cancel |
02/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225119921 | [Redacted] | [Redacted] | 35845072 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-20): Client elects to waive. |
02/20/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225119921 | [Redacted] | [Redacted] | 35845073 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. Appraisal/AVM was provided. The supporting secondary valuation is missing. | Reviewer Comment (2026-02-20): Client elects to waive. |
02/20/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225119921 | [Redacted] | [Redacted] | 35845075 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): Client elects to waive. Reviewer Comment (2026-02-20): Client elects to waive. |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225119921 | [Redacted] | [Redacted] | 35858794 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted] Rate Lock is missing and is required by the Lender. | Reviewer Comment (2026-03-02): Received Rate Lock document. Exception cleared. Buyer Comment (2026-02-27): initial lock |
03/02/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225140313 | [Redacted] | [Redacted] | 35849617 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225140314 | [Redacted] | [Redacted] | 35850183 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 2 | A | A | A | A | A | A | B | B | NY | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225140314 | [Redacted] | [Redacted] | 35850185 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Reviewer Comment (2026-07-21): cleared. recieved avm |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225140314 | [Redacted] | [Redacted] | 35850187 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225140314 | [Redacted] | [Redacted] | 35850273 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for minimum [redacted] years self-employed. | Borrower has verified disposable income of at least $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
DTI: [redacted]% Guideline Maximum DTI: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-03-02): Client elects to waive with compensating factors. |
03/02/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 225140314 | [Redacted] | [Redacted] | 37038758 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 2 | A | A | A | B | NY | Primary | Refinance - Cash-out - Other | D | B | C | B | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 225140657 | [Redacted] | [Redacted] | 35853851 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225140657 | [Redacted] | [Redacted] | 35868813 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Lender approved exception at origination with compensating factors. | Borrower has been employed in the same industry for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
Originator Pre-Close,SitusAMC Originator Pre-Close,SitusAMC |
Reviewer Comment (2026-02-23): Lender approved exception with compensating factors at origination. |
02/23/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| 225140657 | [Redacted] | [Redacted] | 35869152 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DATA DISCREPANCY WITH DTI. LENDER DTI [redacted], REVIEW DTI [redacted]. THE REASON FOR THE DISCREPANCY IS DUE TO Lender captured P&I from first lien as $ [redacted], while review captured $ [redacted]. | Reviewer Comment (2026-03-06): Cleared. Received updated 1008 matching due diligence review. Buyer Comment (2026-03-05): Please see attached updated 1008/1003 with corrected PI and liability payments. |
03/06/2026 | No | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 225140657 | [Redacted] | [Redacted] | 35869160 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Reviewer Comment (2026-03-06): Cleared. Received updated 1008 matching due diligence review. Buyer Comment (2026-03-05): Please see attached updated 1008/1003 with corrected PI and liability payments. |
03/06/2026 | No | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225140657 | [Redacted] | [Redacted] | 35869165 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfalling due to DTI discrepancy. | Reviewer Comment (2026-03-06): Cleared. Received updated 1008 matching due diligence review. Buyer Comment (2026-03-05): Please see attached updated 1008/1003 with corrected PI and liability payments. |
03/06/2026 | No | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||||
| 225141318 | [Redacted] | [Redacted] | 35853719 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MN | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225141318 | [Redacted] | [Redacted] | 35853720 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | MN | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225141318 | [Redacted] | [Redacted] | 35853721 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted]per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 2 | A | A | A | A | A | A | B | B | MN | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225141318 | [Redacted] | [Redacted] | 35853733 | Compliance | Compliance | State Compliance | Misc. State Level | [redacted]Tangible Net Benefit Disclosure | [redacted]Residential Mortgage Originator and Servicer Licensing Act: Tangible Net Benefit Disclosure not provided to the Borrower. | Buyer Comment (2026-03-18): OK to waive Reviewer Comment (2026-03-18): [redacted]is not Tangible Net Benefit Disclosure. Require TNB disclosure. Exception Remains. Buyer Comment (2026-03-17): please see mn disclosure on [redacted]regarding oral/written statement of current terms. the terms were provided on the initial LE/CD that were provided to the borrower. Reviewer Comment (2026-03-05): Required MN - Tangible Net Benefit Disclosure to clear this exception. Exception remains. Buyer Comment (2026-03-04): please clear, a loan estimate was provided showing new terms for comparison. |
03/18/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | MN | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225141831 | [Redacted] | [Redacted] | 35868533 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Initial [redacted]Rate Lock is missing and is required. No alternative document to verify rate and lock date provided. | Reviewer Comment (2026-03-05): Initial [redacted]rate lock received and details updated. Exception cleared. Buyer Comment (2026-03-04): lock upld |
03/05/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225141831 | [Redacted] | [Redacted] | 35868560 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225144683 | [Redacted] | [Redacted] | 35862837 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225144710 | [Redacted] | [Redacted] | 35865711 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): Client elects to waive. |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225144710 | [Redacted] | [Redacted] | 35865719 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | [redacted]valuation is not available, as would be required for securitization. | Buyer Comment (2026-03-05): ok to waive |
03/05/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | GA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225144710 | [Redacted] | [Redacted] | 35865720 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | [redacted]valuation is not available, as would be required for securitization. | Reviewer Comment (2026-02-26): Client elects to waive. |
02/26/2026 | No | 2 | A | A | A | A | A | A | B | B | GA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225144710 | [Redacted] | [Redacted] | 35865828 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Lender DTI [redacted]% is less than calculated DTI [redacted]%. The discrepancy is due to borrower calculated PITI of [redacted] lien is $ [redacted]and considered P&I is $ [redacted]. | Reviewer Comment (2026-03-20): Corrected 1008 received. Income and expenses are matching with it. DTI within Guideline limit. Exception cleared. Buyer Comment (2026-03-19): revised 1008 with [redacted]% dti upld Reviewer Comment (2026-03-17): The borrower's total monthly housing expense is $ [redacted], which includes 1st lien P&I $ [redacted], subject lien P&I $ [redacted], Property taxes: $ [redacted]& Hazard insurance: $ [redacted]. The verified monthly income from the documentation is $ [redacted], resulting in a DTI of [redacted]%. However, the property taxes and hazard insurance for the subject property were not included on the provided 1008, which reduced the calculated DTI to [redacted]%. Please provide corrected 1008 and 1003 reflecting the accurate PITIA amount. Exception remains. Buyer Comment (2026-03-16): revised 1008 upld Reviewer Comment (2026-03-06): Principal and interest for the primary lien total $ [redacted], with total monthly housing expense of $ [redacted]. The verified income from the documents is $ [redacted], which produces a calculated DTI of [redacted]%. However, the approval reflects a DTI of [redacted]%, as the PITIA amount used for the primary lien in the approval is higher than the amount calculated. Exception remains. Buyer Comment (2026-03-05): please see credit report on [redacted], page [redacted] of the report confirms $ [redacted] |
03/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225144710 | [Redacted] | [Redacted] | 35865841 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to Lender DTI [redacted]% is less than calculated DTI [redacted]%. The discrepancy is due to borrower calculated PITI of 1ist lien is $ [redacted]and considered P&I is $ [redacted]. | Reviewer Comment (2026-03-20): Corrected 1008 received. Income and expenses are matching with it. DTI within Guideline limit. Exception cleared. Buyer Comment (2026-03-19): revised 1008 with [redacted]% dti upld to trl docs Reviewer Comment (2026-03-17): The borrower's total monthly housing expense is $ [redacted], which includes 1st lien P&I $ [redacted], subject lien P&I $ [redacted], Property taxes: $ [redacted]& Hazard insurance: $ [redacted]. The verified monthly income from the documentation is $ [redacted], resulting in a DTI of [redacted]%. However, the property taxes and hazard insurance for the subject property were not included on the provided 1008, which reduced the calculated DTI to [redacted]%. Please provide corrected 1008 and 1003 reflecting the accurate PITIA amount. Exception remains. Buyer Comment (2026-03-16): revised 1008 upld Reviewer Comment (2026-03-06): Principal and interest for the primary lien total $ [redacted], with total monthly housing expense of $ [redacted]. The verified income from the documents is $ [redacted], which produces a calculated DTI of [redacted]%. However, the approval reflects a DTI of [redacted]%, as the PITIA amount used for the primary lien in the approval is higher than the amount calculated. Exception remains. Buyer Comment (2026-03-05): please see credit report on [redacted], page [redacted] of the report confirms $ [redacted] |
03/20/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | GA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225144710 | [Redacted] | [Redacted] | 35865842 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted]or more guideline components, the loan is at QM risk. | Waterfall due to Lender DTI [redacted]% is less than calculated DTI [redacted]%. The discrepancy is due to borrower calculated PITI of [redacted]ist lien is $ [redacted]and considered P&I is $ [redacted]. | Reviewer Comment (2026-03-20): Corrected 1008 received. Income and expenses are matching with it. DTI within Guideline limit. Exception cleared. Buyer Comment (2026-03-19): revised 1008 with [redacted]% dti upld to trl docs Reviewer Comment (2026-03-17): The borrower's total monthly housing expense is $ [redacted], which includes 1st lien P&I $ [redacted], subject lien P&I $ [redacted], Property taxes: $ [redacted]& Hazard insurance: $ [redacted]. The verified monthly income from the documentation is $ [redacted], resulting in a DTI of [redacted]%. However, the property taxes and hazard insurance for the subject property were not included on the provided 1008, which reduced the calculated DTI to [redacted]%. Please provide corrected 1008 and 1003 reflecting the accurate PITIA amount. Exception remains. Buyer Comment (2026-03-16): revised 1008 upld Reviewer Comment (2026-03-06): Principal and interest for the primary lien total $ [redacted], with total monthly housing expense of $ [redacted]. The verified income from the documents is $ [redacted], which produces a calculated DTI of [redacted]%. However, the approval reflects a DTI of [redacted]%, as the PITIA amount used for the primary lien in the approval is higher than the amount calculated. Exception remains. Buyer Comment (2026-03-05): please see credit report on [redacted], page [redacted] of the report confirms $ [redacted] |
03/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225144710 | [Redacted] | [Redacted] | 35868279 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted]Rate Lock is missing and is required by the Lender. | Reviewer Comment (2026-03-06): Initial [redacted]Rate Lock received. Exception cleared. Buyer Comment (2026-03-05): lock upld |
03/06/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | GA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225145045 | [Redacted] | [Redacted] | 35861413 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225145045 | [Redacted] | [Redacted] | 35861434 | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | - | Document Date missing on CPA Letter. | Reviewer Comment (2026-03-26): Date verified from email. Buyer Comment (2026-03-24): Please see attached CPA email. This should suffice to clear this condition. |
03/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225145045 | [Redacted] | [Redacted] | 35861449 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $ [redacted]is over disclosed by $ [redacted]compared to the calculated Amount Financed of $ [redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | The disclosed Amount Financed in the amount of $ [redacted]is over disclosed by $ [redacted]compared to the calculated Amount Financed of $ [redacted] | Reviewer Comment (2026-06-04): [redacted]received copies of RTCs and proof of mailing. However, delivery of RTC's was after the cancel by date and reopening rescission has not been completed. Adding extended rescission exception separately. Buyer Comment (2026-06-03): Please see attached docs Buyer Comment (2026-06-03): Please see attached. Reviewer Comment (2026-05-19): Please provide proof of delivery/receipt of new [redacted]. Communication log received does not reference [redacted] and does not reflect date opened/viewed, if there are additional pages reflecting evidence of receipt of new [redacted], please upload for review Buyer Comment (2026-05-19): Please see attached RTC Reviewer Comment (2026-04-01): [redacted]received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Buyer Comment (2026-03-31): Please see attached. Buyer Comment (2026-03-31): Please see attached to clear condition. Reviewer Comment (2026-03-04): Finance charge was underdisclosed by $ [redacted]as the negative fee should not be included in calculation. If the negative fee was meant to be a credit towards the APR fees, then the lender will need to provide a LOE and a PCCD with a credit for the specific finance charge fee, in the "Paid by Others" column. While the TRID rules do not explicitly prohibit the use of negative fees, they instead instruct under which circumstances it would be appropriate to use a negative number.For example: *Total Closing Costs on Alternative cash to close table - [redacted](ii): "Under the subheading "Final," the amount disclosed under paragraph (h)(1) of this section, disclosed as a negative number;" *Total Payoffs and Payments on Alternative cash to close table - [redacted](e)(4)(ii): "Under the subheading "Final," the total amount of payoffs and payments made to third parties disclosed pursuant to paragraph (t)( [redacted])(vii)(B) of this section, to the extent known, disclosed as a negative number; " *Closing Costs Details - [redacted](g)(2)-2: "Negative prepaid interest. The prepaid interest amount is disclosed as a negative number if the calculation of prepaid interest results in a negative number." *Closing Costs Total - [redacted](h)( [redacted]): "The amount described in § [redacted](g)( [redacted])(ii) as a negative number, labeled "Lender Credits" and designated borrower-paid at closing, and if a refund is provided pursuant to § [redacted](f)( [redacted])(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under § [redacted](e)( [redacted]), and the amount of such credit under § [redacted](f)( [redacted])(v). As a result, [redacted]does not permit the application of the negative fee to the APR/Finance Charge as it is not specifically authorized. Buyer Comment (2026-03-03): It appears that that the discrepancy is the Document Storage fee listed on line [redacted]is listed as a negative on our closing disclosure. If that is corrected, our fees should match. |
06/04/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225145045 | [Redacted] | [Redacted] | 35861450 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $ [redacted]is under disclosed by $ [redacted]compared to the calculated Finance Charge of $ [redacted]which exceeds the $ [redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | The disclosed Finance Charge in the amount of $ [redacted]is under disclosed by $ [redacted]compared to the calculated Finance Charge of $ [redacted]which exceeds the $ [redacted]threshold. | Reviewer Comment (2026-06-04): [redacted]received copies of RTCs and proof of mailing. However, delivery of RTC's was after the cancel by date and reopening rescission has not been completed. Adding extended rescission exception separately. Buyer Comment (2026-06-03): Please see attached. Buyer Comment (2026-06-03): Waterfall. Please clear. Reviewer Comment (2026-05-19): Please provide proof of delivery/receipt of new [redacted]. Communication log received does not reference [redacted] and does not reflect date opened/viewed, if there are additional pages reflecting evidence of receipt of new [redacted], please upload for review Reviewer Comment (2026-04-01): [redacted]received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Buyer Comment (2026-03-31): Please see attached to clear conditions. Reviewer Comment (2026-03-04): Finance charge was underdisclosed by $ [redacted]as the negative fee should not be included in calculation. If the negative fee was meant to be a credit towards the APR fees, then the lender will need to provide a LOE and a PCCD with a credit for the specific finance charge fee, in the "Paid by Others" column. While the TRID rules do not explicitly prohibit the use of negative fees, they instead instruct under which circumstances it would be appropriate to use a negative number.For example: *Total Closing Costs on Alternative cash to close table - [redacted](e)( [redacted])(ii): "Under the subheading "Final," the amount disclosed under paragraph (h)( [redacted]) of this section, disclosed as a negative number;" *Total Payoffs and Payments on Alternative cash to close table - [redacted](e)( [redacted])(ii): "Under the subheading "Final," the total amount of payoffs and payments made to third parties disclosed pursuant to paragraph (t)( [redacted])(vii)(B) of this section, to the extent known, disclosed as a negative number; " *Closing Costs Details - [redacted](g)( [redacted])- [redacted]: "Negative prepaid interest. The prepaid interest amount is disclosed as a negative number if the calculation of prepaid interest results in a negative number." *Closing Costs Total - [redacted](h)( [redacted]): "The amount described in § [redacted](g)( [redacted])(ii) as a negative number, labeled "Lender Credits" and designated borrower-paid at closing, and if a refund is provided pursuant to § [redacted](f)( [redacted])(v), a statement that this amount includes a credit for an amount that exceeds the limitations on increases in closing costs under § [redacted](e)( [redacted]), and the amount of such credit under § [redacted](f)(2)(v). As a result, [redacted]does not permit the application of the negative fee to the APR/Finance Charge as it is not specifically authorized. Buyer Comment (2026-03-03): It appears that that the discrepancy is the Document Storage fee listed on line [redacted]is listed as a negative on our closing disclosure. If that is corrected, our fees should match. |
06/04/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225145045 | [Redacted] | [Redacted] | 36659075 | Compliance | Compliance | Federal Compliance | TILA | TILA Extended Rescission: Inaccurate material disclosures provided to borrower at consummation on a rescindable transaction resulting in extended rescission rights ( [redacted]years from consummation). Re-disclosure of accurate material disclosures, refund/adjustment, LOE, re-opening of rescission and proof of delivery required. | [redacted]received Corrected CD, LOE to borrower copy of cure refund and proof of mailing. Also received separately copies of unexecuted RTC's to consumers and proof of mailing. Proof of mailing was completed after the RTC's cancel by date of [redacted] and was delivered after this date on [redacted] and did not meet requirements for reopening of rescission. Please provide proof of RTC's to all consumers with a delivery date at least [redacted] business days prior to the cancel by date in order to properly reopen rescission as required on the material disclosure violations. | Reviewer Comment (2026-06-11): New RTC period expired. Condition cleared. Buyer Comment (2026-06-11): Please review and clear Reviewer Comment (2026-06-10): The new RTC period ends [redacted] at midnight. Exception can be cleared once new rescission period expires. Reviewer Comment (2026-06-10): Received updated RTC with expiration of [redacted] please provide proof of RTC's to all consumers with a delivery date at least [redacted] business days prior to the cancel by date in order to properly reopen rescission as required on the material disclosure violations. Need Mailing label and proof delivered. Buyer Comment (2026-06-07): Please see attached. |
06/11/2026 | No | 1 | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct notice of rescission model form (If corresponding material disclosure exception has not been sufficiently cured, LOE, refund/adjustment, corrected TIL/CD, and proof of delivery required to cure material disclosure exception as applicable). | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||||||
| 225147729 | [Redacted] | [Redacted] | 35865395 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225147729 | [Redacted] | [Redacted] | 35865399 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225147729 | [Redacted] | [Redacted] | 35865400 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted]for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225147729 | [Redacted] | [Redacted] | 35865552 | Compliance | Compliance | State Compliance | State Defect | (State High Cost) New Jersey High-Cost Loan (Points and Fees) | [redacted]Home Ownership Security Act: Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Total Loan Amount. Points and Fees total $ [redacted]on a Total Loan Amount of $ [redacted]vs. an allowable total of $ [redacted](an overage of $ [redacted]or . [redacted]%). Non-Compliant High Cost Loan. | Waterfall due to QM Points and Fees exception. | Reviewer Comment (2026-06-17): Bona fide cure documentation received. Buyer Comment (2026-06-15): Lender Letter Reviewer Comment (2026-06-09): If [redacted]is looking to leverage the "bona fide error" cure provision in [redacted], we will require the following, within [redacted]days of closing: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; [PENDING] (2) procedures or explanation of controls in place to prevent such errors; [PENDING] (3) client written approval accepting use of the bona fide error cure; [PROVIDED with [redacted]acting in capacity of both originating lender and client] (4) Letter of Explanation to borrower; [PROVIDED] (5) refund of amount over the high-cost threshold maximum; and [PROVIDED] (6) proof of mailing (must be in transit with courier). [PROVIDED] These requirements have been requested previously, however [redacted] has not received items # [redacted] and # [redacted]. The requirements were also communicated and explained to all [redacted] clients a few years back in our Client Compliance Bulletin [redacted] (see section entitled "Bona Fide Error Cures"). I am also attaching here for reference should [redacted] require it. Note that #[redacted] and #[redacted] can be all contained within the same document provided it explains what's being asked. While I know there were some emails going back and forth to say what happened, these emails are not acceptable in lieu of the actual legal opinion being requested. Reviewer Comment (2026-05-29): Exception was escalated: Response - The documentation required is a legal opinion specific to the loan and how the error occurred. The correspondence provided is a good example of why this starts to get so tricky when using a bona fide error cure. The correspondence by [redacted]Compliance acknowledges the error is known, and a fix is in backlog, yet the error continues to happen. So how would a court look at this scenario in terms of applying a bona fide error cure. Is it really still considered a "bona fide error" if lender knows about the issue, and it continues to occur? We can't use the correspondence from the Compliance Department to meet the bona fide cure documentation. If they wish to have a legal opinion provided that speaks to the error on the loan, when it first started, when it's expected to be fixed, what they're doing in the meantime to prevent, we can consider that. But based on what's been provided, it's acknowledging the error is known and still exists, so the bona fide error cure standard becomes less supportive for use. Buyer Comment (2026-05-27): Compliance LOX on system corrections and details to error Reviewer Comment (2026-05-13): While we acknowledge there is a cure for bona fide errors in [redacted], that extends the cure window to [redacted]days from consummation, [redacted]does not proactively offer it given the subjectivity that goes into determining whether the error is truly "bona fide". That said, if client wishes to use the bona fide cure, we would require the following to cure: Within [redacted]days of closing, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the high-cost threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system, and the same issue continues to occur after the fix has been put into place. What this means is that in the event the explanation given as to how the high-cost loan was made, despite the control in place, has been used in the past, and lender has advised the issue or breakdown has been fixed, but it continues to occur, those subsequent cases of high-cost may not be viewed as meeting the bona fide cure definition as lender was aware of the issue and it continued to occur. Reviewer Comment (2026-04-28): The standard cure provision in [redacted]allows for a cure to be made within [redacted]days of consummation. With consummation occurring on [redacted], the cure deadline would have been [redacted]. Given that we are outside the cure window with the documentation provided (dated late [redacted]), we are unable to apply the standard cure to remediate. Buyer Comment (2026-04-24): PCCD with cure Reviewer Comment (2026-03-24): Exception was escalated. Response: Lender is using OPB for [redacted]Total Loan Amount. However, as this is a cash out refinance with all closing costs being financed, the correct calculation is $ [redacted]OPB - $ [redacted]in financed state fees = $ [redacted]total loan amount. Buyer Comment (2026-03-20): Mavent Report |
06/17/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | Within 45 days of closing, provide: (1) Letter of Explanation; (2) refund of amount over the covered loan threshold maximum; and (3) proof of mailing (must be in transit with courier). (Limited Use Bona Fide Errors - Compliance and Client Approval Required) Within 365 days of closing, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the high-cost threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. |
D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225147729 | [Redacted] | [Redacted] | 35868614 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted]Rate Lock is missing and is required by the Lender. | Reviewer Comment (2026-03-05): Received Initial [redacted]Rate Lock document, information validated. Exception Cleared. Buyer Comment (2026-03-04): Lock forms |
03/05/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225147729 | [Redacted] | [Redacted] | 35871502 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Reviewer Comment (2026-03-05): Received Initial [redacted]Rate Lock document, information validated. Exception Cleared. Buyer Comment (2026-03-04): see lock forms |
03/05/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225148065 | [Redacted] | [Redacted] | 35866764 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225148065 | [Redacted] | [Redacted] | 35866765 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-23): Client elects to waive |
02/23/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225148065 | [Redacted] | [Redacted] | 35866767 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-23): Client elects to waive. |
02/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225148152 | [Redacted] | [Redacted] | 35866709 | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within [redacted]days of the Note Date. | Reviewer Comment (2026-03-06): Received Hazard Insurance document, information validated. Exception Cleared. Buyer Comment (2026-03-05): Please see attached. |
03/06/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | NM | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225148152 | [Redacted] | [Redacted] | 35866718 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2026-03-16): Received Title Commitment Policy with policy amount $ [redacted]. Exception cleared. Buyer Comment (2026-03-13): Please see attached. |
03/16/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | NM | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225148152 | [Redacted] | [Redacted] | 35866719 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NM | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225148152 | [Redacted] | [Redacted] | 35866720 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2026-03-06): Received E-consent Document, Exception Cleared. Buyer Comment (2026-03-05): Please see attached. |
03/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NM | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225151881 | [Redacted] | [Redacted] | 35893711 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225151886 | [Redacted] | [Redacted] | 35894425 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225151886 | [Redacted] | [Redacted] | 35894439 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting [redacted]valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-25): Client elects to waive |
02/25/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | OH | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225151886 | [Redacted] | [Redacted] | 35894440 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-25): Client elects to waive |
02/25/2026 | No | 2 | A | A | A | A | A | A | B | B | OH | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225151886 | [Redacted] | [Redacted] | 35894445 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI discrepancy due to lender utilizing a higher first mortgage P&I than on source document. | Reviewer Comment (2026-03-11): Corrected 1008 received & DTI is under threshold. Exception cleared. Buyer Comment (2026-03-10): Locks Buyer Comment (2026-03-10): 1008 |
03/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225151886 | [Redacted] | [Redacted] | 35894459 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Initial Rate Lock Date missing in file. | Reviewer Comment (2026-03-11): Initial [redacted]Rate Lock received & associated. Exception cleared. Buyer Comment (2026-03-10): Locks |
03/11/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | OH | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225151886 | [Redacted] | [Redacted] | 35894461 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation mismatch caused by DTI discrepancy due to lender utilizing a higher [redacted]mortgage P&I than on source document. | Reviewer Comment (2026-03-11): Corrected 1008 received & DTI is under threshold. Exception cleared. Buyer Comment (2026-03-10): 1008 |
03/11/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | OH | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225151886 | [Redacted] | [Redacted] | 35894463 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted]or more guideline components, the loan is at QM risk. | Waterfall due to lender utilizing a higher [redacted]mortgage P&I than on source document. | Reviewer Comment (2026-03-11): Corrected 1008 received & DTI is under threshold. Exception cleared. Buyer Comment (2026-03-10): See uploads |
03/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225152036 | [Redacted] | [Redacted] | 35892631 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225152036 | [Redacted] | [Redacted] | 35893415 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for unacceptable property type (subject sites on [redacted]+ acres) | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-02-25): Lender Exception with Compensating Factors provided. |
02/25/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 225152036 | [Redacted] | [Redacted] | 35893437 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request for [redacted]% LTV (guideline max is [redacted]%) | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-02-25): Lender Exception with Compensating Factors provided. |
02/25/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 225152036 | [Redacted] | [Redacted] | 35893461 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Coverage on preliminary title is insufficient to cover loan amount. Coverage amount: $ [redacted]. Loan amount $ [redacted]. | Reviewer Comment (2026-03-13): Received Title Commitment document with valid policy amount, information validated accordingly. Exception Cleared. Buyer Comment (2026-03-11): Please see attached updated title. |
03/13/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | VA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225152044 | [Redacted] | [Redacted] | 35894401 | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | - | Third Party Verification document date not provided. | Reviewer Comment (2026-03-11): Documents provided showing date verified [redacted]and [redacted] Buyer Comment (2026-03-09): Date was added to our VVOE Worksheet. See attached. Verified on [redacted]. |
03/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225152044 | [Redacted] | [Redacted] | 35894419 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult [redacted] for further instruction. | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225152044 | [Redacted] | [Redacted] | 35919596 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing HOA Verification | Reviewer Comment (2026-03-11): HOA verification associated. Exception cleared. Buyer Comment (2026-03-09): Please see [redacted], [redacted]- [redacted], [redacted]- [redacted]. No HOA. |
03/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225152046 | [Redacted] | [Redacted] | 35892380 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of " [redacted]". | Reviewer Comment (2026-02-25): Client elects to waive. |
02/25/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225152046 | [Redacted] | [Redacted] | 35892381 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation is not required. | Reviewer Comment (2026-02-25): Client elects to waive. |
02/25/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225152046 | [Redacted] | [Redacted] | 35892396 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-25): Client elects to waive. |
02/25/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225152046 | [Redacted] | [Redacted] | 35892524 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to [redacted]( [redacted]) business days from transaction date of [redacted]. | Reviewer Comment (2026-03-11): Received new Closing disclosure with new updated disbursement date. Exception Cleared. Buyer Comment (2026-03-10): updated CD Buyer Comment (2026-03-10): email from title and final statement reflecting disbursement of [redacted] and [redacted] day RTC met. |
03/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||
| 225152046 | [Redacted] | [Redacted] | 35893383 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted]Rate Lock is missing and is required by Lender | Reviewer Comment (2026-03-11): Received Rate lock document. Exception Cleared. Buyer Comment (2026-03-10): lockform |
03/11/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225152085 | [Redacted] | [Redacted] | 35892315 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NH | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225152085 | [Redacted] | [Redacted] | 35892319 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-11): WAIVE Buyer Comment (2026-03-09): please see AVM doc [redacted]and PCI doc [redacted] |
03/11/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NH | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225152085 | [Redacted] | [Redacted] | 35892320 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-25): Client elects to waive |
02/25/2026 | No | 2 | A | A | A | A | A | A | B | B | NH | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225152085 | [Redacted] | [Redacted] | 35892321 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Reviewer Comment (2026-03-10): VA Benefits document received, exception cleared. Buyer Comment (2026-03-09): please see attached VA Benefits Award Letter |
03/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NH | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225152085 | [Redacted] | [Redacted] | 35892330 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of [redacted]r QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | VA benefit award letter is missing | Reviewer Comment (2026-03-10): VA Benefits document received, exception cleared. Buyer Comment (2026-03-09): please see attached VA Benefits Award Letter |
03/10/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NH | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225152085 | [Redacted] | [Redacted] | 35892331 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted]or more guideline components, the loan is at QM risk. | VA benefit award letter is missing | Reviewer Comment (2026-03-10): VA Benefits document received, exception cleared. Buyer Comment (2026-03-09): please see attached VA Benefits Award Letter |
03/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NH | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225152085 | [Redacted] | [Redacted] | 35892336 | Credit | Guideline | Guideline Issue | Guideline | Borrower has been on current job less than [redacted] years, and prior employment history was not documented as required. | - | VA benefit award letter is missing | Reviewer Comment (2026-03-10): VA Benefits document received, exception cleared. Buyer Comment (2026-03-09): please see attached VA Benefits Award Letter |
03/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NH | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225152085 | [Redacted] | [Redacted] | 35892337 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | VA benefit award letter is missing | Reviewer Comment (2026-03-10): VA Benefits document received, exception cleared. Buyer Comment (2026-03-09): please see attached VA Benefits Award Letter |
03/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NH | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225152085 | [Redacted] | [Redacted] | 35892338 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | VA benefit award letter is missing | Reviewer Comment (2026-03-10): VA Benefits document received, exception cleared. Buyer Comment (2026-03-09): please see attached VA Benefits Award Letter |
03/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NH | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225152085 | [Redacted] | [Redacted] | 35893571 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted]Rate Lock is missing and is required by the Lender | Reviewer Comment (2026-03-10): Initial [redacted]Rate Lock received, exception cleared. Buyer Comment (2026-03-09): please see attached final lock form |
03/10/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | NH | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225152135 | [Redacted] | [Redacted] | 35893575 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. [redacted]valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225152135 | [Redacted] | [Redacted] | 35893577 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-25): Client elects to waive. |
02/25/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225152252 | [Redacted] | [Redacted] | 35892485 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-25): Client elects to waive. |
02/25/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| 225152252 | [Redacted] | [Redacted] | 35892609 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Requested: Borrower is requesting to permit a $ [redacted]loan amount with [redacted] Credit score. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Documentation Type: [redacted] Disposable Income: $[redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-02-25): Client elects to waive with compensating factors. |
02/25/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 225152252 | [Redacted] | [Redacted] | 35892625 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Requested: Borrower is requesting to permit a [redacted]housing payment history. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Documentation Type: [redacted] Disposable Income: $[redacted] DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-02-25): Client elects to waive with compensating factors. |
02/25/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| 225152252 | [Redacted] | [Redacted] | 35892639 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Loan is non-compliant HPML due to missing evidence of appraisal delivery [redacted] days prior to closing. | Reviewer Comment (2026-03-09): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2026-03-05): Appraisal receipt |
03/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 225152252 | [Redacted] | [Redacted] | 35892640 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted]( [redacted]) business days prior to consummation. | Verification appraisal was delivered to borrower not provided in file. | Reviewer Comment (2026-03-09): Received appraisal notice for the evidence of appraisal delivery. Exception cleared. Buyer Comment (2026-03-05): Appraisal receipt |
03/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| 225152252 | [Redacted] | [Redacted] | 35892689 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to [redacted]( [redacted]) business days from transaction date of [redacted]. | Right to cancel signature date is [redacted] with expiration date [redacted], Notary date is also [redacted], However Closing Disclosure issued [redacted] was signed [redacted]with no evidence of earlier receipt. | Reviewer Comment (2026-04-06): [redacted]received updated RTC with expiration date of [redacted] and LOE, which were delivered to borrower electronically on [redacted]. Reviewer Comment (2026-03-25): New RTC received with new RTC expiration date, but the loan disbursed on [redacted] as per final CD, the same date as closing date, before the eligible disbursement date of [redacted]. Exception remains. Buyer Comment (2026-03-24): New RTC and receipt |
04/06/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 225152252 | [Redacted] | [Redacted] | 35892721 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | Notice of Right to Cancel occurs on [redacted], which is prior to the expected date [redacted]. | Reviewer Comment (2026-04-06): [redacted]received updated RTC with expiration date of [redacted] and LOE, which were delivered to borrower electronically on [redacted]. Reviewer Comment (2026-04-06): will be curing Reviewer Comment (2026-03-25): New RTC, cover sheet and receipt provided. Buyer Comment (2026-03-24): New RTC with receipt |
04/06/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| 225153295 | [Redacted] | [Redacted] | 35892742 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted]Securitization Bulletin. [redacted]expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of " [redacted]"." | Reviewer Comment (2026-02-25): Client elects to waive |
02/25/2026 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225153295 | [Redacted] | [Redacted] | 35892744 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation not required | Reviewer Comment (2026-02-25): Client elects to waive |
02/25/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225153295 | [Redacted] | [Redacted] | 35892747 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult [redacted] for further instruction. | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225153333 | [Redacted] | [Redacted] | 35891996 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-25): Client elects to waive. |
02/25/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225153870 | [Redacted] | [Redacted] | 35892946 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $ [redacted]is less than the note amount of $ [redacted]based on the Commitment in file. | Reviewer Comment (2026-03-24): Received Title Commitment Policy with policy amount $ [redacted]. Exception cleared. Buyer Comment (2026-03-23): : Please see attached revised title work showing the loan amount of $ [redacted] |
03/24/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | TN | Primary | Refinance - Cash-out - Other | D | D | B | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225153870 | [Redacted] | [Redacted] | 35892949 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-25): Client elects to waive. |
02/25/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | D | D | B | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225153870 | [Redacted] | [Redacted] | 35892958 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Missing [redacted]valuation. [redacted]and [redacted]results are contradictory. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-03-23): OK to waive per CNR |
03/23/2026 | No | 3 | A | A | A | A | A | A | D | D | TN | Primary | Refinance - Cash-out - Other | D | D | B | A | A | A | D | D | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225153890 | [Redacted] | [Redacted] | 35894686 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-25): Client elects to waive |
02/25/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225153890 | [Redacted] | [Redacted] | 35894687 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-25): Client elects to waive |
02/25/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||||
| 225153890 | [Redacted] | [Redacted] | 35894732 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225157549 | [Redacted] | [Redacted] | 35915403 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225157549 | [Redacted] | [Redacted] | 35915404 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-25): Client elects to waive |
02/25/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CO | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225157549 | [Redacted] | [Redacted] | 35915405 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]lien. Rating is a B for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-25): Client elects to waive |
02/25/2026 | No | 2 | A | A | A | A | A | A | B | B | CO | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225157549 | [Redacted] | [Redacted] | 35915449 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Initial Rate lock document is missing. | Reviewer Comment (2026-03-10): Received Rate Lock document. Exception cleared. Buyer Comment (2026-03-09): please see attached final Lock form |
03/10/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CO | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225157549 | [Redacted] | [Redacted] | 35915451 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $ [redacted] is over disclosed by $ [redacted]compared to the calculated Amount Financed of $ [redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Amount financed disclosed is $ [redacted]. Calculated amount financed is $ [redacted]. Variance of $ [redacted]. | Reviewer Comment (2026-03-11): [redacted]received lender certification that title-tax cert was a [redacted]time fee, not life of loan and would be [redacted]excludable Buyer Comment (2026-03-10): please see attached attest email from title company confirming the $ [redacted]tax cert fee was a [redacted]time upfront fee and not a life of loan service. please remove from your calculations |
03/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225157549 | [Redacted] | [Redacted] | 35915453 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of [redacted] is under disclosed by $ [redacted]compared to the calculated Finance Charge of $ [redacted]which exceeds the $ [redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Finance Charge disclosed is $ [redacted]. Calculated finance charge is $ [redacted]. Variance of $ [redacted]. | Reviewer Comment (2026-03-11): [redacted]received lender certification that title-tax cert was a [redacted]time fee, not life of loan and would be [redacted]excludable Buyer Comment (2026-03-10): please see attached attest email from title company confirming the $ [redacted]tax cert fee was a [redacted]time upfront fee and not a life of loan service. please remove from your calculations |
03/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225157624 | [Redacted] | [Redacted] | 35917440 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 225157624 | [Redacted] | [Redacted] | 35918323 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock is not provided. | Reviewer Comment (2026-03-11): Received Rate lock document. Exception Cleared. Buyer Comment (2026-03-10): please see attached final lock |
03/11/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | AL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 225157624 | [Redacted] | [Redacted] | 35918380 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | All the values are updated as per the document. | Reviewer Comment (2026-04-29): Corrected 1008 received and DTI is matching with it. Exception cleared. Buyer Comment (2026-04-27): revised 1008 upld - dti corrected to [redacted]% Reviewer Comment (2026-04-09): Received updated 1008 & 1003 and DTI is still not matching, REO property [redacted] is not considered for DTI ratio by lender. Considering [redacted] PITIA of $ [redacted]will increase the DTI to [redacted]%. Provided 1008 shows other monthly payment of $ [redacted]which is credit liabilities of $ [redacted]+ REO liability of $ [redacted]. Please provide proof if [redacted] is paid off or paid by other party or updated 1008 considering it in DTI ratio. Buyer Comment (2026-04-07): revised 1008, 003.pay hist, cd and taxes & ins- [redacted] upld Reviewer Comment (2026-04-01): Loan history shows mortgage is paid off but we still have to consider the taxes and insurance of $ [redacted]which was escrowed. Considering this payment will increase the DTI. Require updated 1008 and final 1003 along with the proof of payment for payoff or closing statement if paid through settlement. Buyer Comment (2026-03-31): pay history showing loan paid off upld to trl docs Buyer Comment (2026-03-31): pay history showing loan paid off upld Reviewer Comment (2026-03-11): Discrepancy in DTI is due we do not have proper evidence that property [redacted] mortgage has been paid off. We require closing statement or Closing disclosure stating mortgage has been paid off. Along with insurance document. Exception Remains. Buyer Comment (2026-03-10): please see UW income worksheets docs [redacted]& [redacted] |
04/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 225157624 | [Redacted] | [Redacted] | 35918422 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
A payoff demand letter was found in the file, however no evidence of actual payoff or sale of property was found. | Reviewer Comment (2026-04-29): Corrected 1008 received. DTI is matching with it. Exception cleared. Buyer Comment (2026-04-27): revised 1008 upld to trl docs - dti corrected to [redacted]% Reviewer Comment (2026-04-09): Received updated 1008 & 1003 and DTI is still not matching, REO property [redacted] is not considered for DTI ratio by lender. Considering [redacted] PITIA of $ [redacted]will increase the DTI to [redacted]%. Provided 1008 shows other monthly payment of $ [redacted]which is credit liabilities of $ [redacted]+ REO liability of $ [redacted]. Please provide proof if [redacted] is paid off or paid by other party or updated 1008 considering it in DTI ratio. Buyer Comment (2026-04-07): revised 1008, 003.pay hist, cd and taxes & ins- [redacted] upld to trl docs Reviewer Comment (2026-04-01): Loan history shows mortgage is paid off but we still have to consider the taxes and insurance of $ [redacted]which was escrowed. Considering this payment will increase the DTI. Require updated 1008 and final 1003 along with the proof of payment for payoff or closing statement if paid through settlement. Buyer Comment (2026-03-31): pay history showing loan paid off upld to trl docs Reviewer Comment (2026-03-11): Discrepancy in DTI is due we do not have proper evidence that property [redacted] Mortgage has been paid off. We require closing statement or Closing disclosure stating mortgage has been paid off. Along with insurance document. Exception Remains. Buyer Comment (2026-03-10): this is a closed end [redacted]loan. please clear condition |
04/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 225157624 | [Redacted] | [Redacted] | 35918456 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | A payoff demand letter was found in the file, however no evidence of actual payoff or sale of property was found. | Reviewer Comment (2026-04-29): Corrected 1008 received and DTI is matching with it. Exception cleared. Buyer Comment (2026-04-27): revised 1008 upld to trl docs - dti corrected to [redacted]% Reviewer Comment (2026-04-09): Received updated 1008 & 1003 and DTI is still not matching, REO property [redacted] is not considered for DTI ratio by lender. Considering [redacted]# [redacted]PITIA of $ [redacted]will increase the DTI to [redacted]%. Provided 1008 shows other monthly payment of $ [redacted]which is credit liabilities of $ [redacted]+ REO liability of $ [redacted]. Please provide proof if [redacted] is paid off or paid by other party or updated 1008 considering it in DTI ratio. Buyer Comment (2026-04-07): revised 1008, 003.pay hist, cd and taxes & ins [redacted] upld to trl docs Reviewer Comment (2026-04-01): Loan history shows mortgage is paid off but we still have to consider the taxes and insurance of $ [redacted]which was escrowed. Considering this payment will increase the DTI. Require updated 1008 and final 1003 along with the proof of payment for payoff or closing statement if paid through settlement. Buyer Comment (2026-03-31): pay history showing loan paid off upld to trl docs Reviewer Comment (2026-03-11): Discrepancy in DTI is due we do not have proper evidence that property [redacted] mortgage has been paid off. We require closing statement or Closing disclosure stating mortgage has been paid off. Alongwith insurance document. Exception Remains. Buyer Comment (2026-03-10): this is a closed end [redacted]loan. please clear condition |
04/29/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | AL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 225157624 | [Redacted] | [Redacted] | 35918457 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk. | A payoff demand letter was found in the file, however no evidence of actual payoff or sale of property was found. | Reviewer Comment (2026-04-29): Corrected 1008 received and DTI is matching with it. Exception cleared. Buyer Comment (2026-04-27): revised 1008 upld to trl docs - dti corrected to [redacted]% Reviewer Comment (2026-04-09): Received updated 1008 & 1003 and DTI is still not matching, REO property [redacted] is not considered for DTI ratio by lender. Considering [redacted] PITIA of $ [redacted]will increase the DTI to [redacted]%. Provided 1008 shows other monthly payment of $ [redacted]which is credit liabilities of $ [redacted]+ REO liability of $ [redacted]. Please provide proof if [redacted] is paid off or paid by other party or updated 1008 considering it in DTI ratio. Buyer Comment (2026-04-07): revised 1008, 003.pay hist, cd and taxes & ins- [redacted]upld to trl docs Reviewer Comment (2026-04-01): Loan history shows mortgage is paid off but we still have to consider the taxes and insurance of $ [redacted]which was escrowed. Considering this payment will increase the DTI. Require updated 1008 and final 1003 along with the proof of payment for payoff or closing statement if paid through settlement. Buyer Comment (2026-03-31): pay history showing loan paid off upld to trl docs Reviewer Comment (2026-03-11): Discrepancy in DTI is due we do not have proper evidence that property [redacted] mortgage has been paid off. We require closing statement or Closing disclosure stating mortgage has been paid off. Alongwith insurance document. Exception Remains. Buyer Comment (2026-03-10): this is a closed end [redacted]loan. please clear condition |
04/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| 225158420 | [Redacted] | [Redacted] | 35920936 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-25): Client elects to waive. |
02/25/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225158420 | [Redacted] | [Redacted] | 35920941 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Final title policy is not provided in file. | Reviewer Comment (2026-03-09): Escrow instructions with correct loan amount available , exception cleared. Buyer Comment (2026-03-05): See [redacted] page [redacted]for escrow instructions correcting loan amount |
03/09/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225158420 | [Redacted] | [Redacted] | 35921022 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock is not provided. | Reviewer Comment (2026-03-26): [redacted]initial rate lock received. Exception cleared. Buyer Comment (2026-03-24): Lock |
03/26/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225158422 | [Redacted] | [Redacted] | 35916459 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $[redacted]is less than the note amount of $[redacted] | Reviewer Comment (2026-03-09): Cleared. Received updated policy. Buyer Comment (2026-03-06): endorse upld |
03/09/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225158422 | [Redacted] | [Redacted] | 35916461 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-26): waived |
02/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225159175 | [Redacted] | [Redacted] | 35923641 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in file. | Reviewer Comment (2026-03-09): Business Purpose Certificate, cleared Buyer Comment (2026-03-07): cert upld |
03/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 225162727 | [Redacted] | [Redacted] | 35924094 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Itemization of Points and Fees Not Provided) | [redacted] Constitution Section [redacted]: Final Itemized disclosure of fees, points, costs and charges not provided to borrower at least one ([redacted]) business day prior to closing. | Pre-closing disclosure was not signed and dated by borrowers. | Reviewer Comment (2026-03-09): Pre-closing disclosure received. Buyer Comment (2026-03-05): See attached CD dated and signed [redacted]. This is [redacted]hours prior to the closing date of [redacted]. Please clear condition. Buyer Comment (2026-03-05): Please see attached CD which was signed on [redacted]which is [redacted]hours prior to the closing date. The closing date and all documents were signed on [redacted]. Please clear condition. |
03/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225162727 | [Redacted] | [Redacted] | 35924255 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-27): waive |
02/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225162741 | [Redacted] | [Redacted] | 35924384 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-02-27): waived |
02/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225162741 | [Redacted] | [Redacted] | 35924387 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-02-27): waived |
02/27/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Non QM | Non QM | No | |||||||||||||
| 225162741 | [Redacted] | [Redacted] | 35924388 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per[redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-02-27): waive |
02/27/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225162741 | [Redacted] | [Redacted] | 35924397 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate Lock document is missing. | Reviewer Comment (2026-03-13): Received Rate Lock document. Exception cleared. Buyer Comment (2026-03-12): Lock forms |
03/13/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| 225166920 | [Redacted] | [Redacted] | 35927693 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-02): Client elects to waive. |
03/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225166920 | [Redacted] | [Redacted] | 35927760 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2026-04-01): Client elects to waive. |
04/01/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225166920 | [Redacted] | [Redacted] | 35927762 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2026-03-02): Client elects to waive. |
03/02/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||
| 225166920 | [Redacted] | [Redacted] | 35927779 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock is not provided. | Reviewer Comment (2026-03-13): Received Rate Lock document. Exception cleared. Buyer Comment (2026-03-12): lock forms |
03/13/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225166920 | [Redacted] | [Redacted] | 35940425 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The valuation selected as "Use for LTV" was obtained post-close. Sec ID: [redacted] | Reviewer Comment (2026-03-27): Received revised AVM document prior to closing date, information validated. Exception Cleared. |
03/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225166920 | [Redacted] | [Redacted] | 35940588 | Credit | Credit | Miscellaneous | Credit | [redacted]Second Lien Property Exception - Primary Valuation with defect | Issue is due to AVM is dated post closing. | Reviewer Comment (2026-03-27): Received revised AVM document prior to closing date, information validated. Exception Cleared. Buyer Comment (2026-03-26): Pre close AVM - New AVM and value (lower) updated post close. |
03/27/2026 | No | 1 | A | A | A | A | C | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225166920 | [Redacted] | [Redacted] | 35944955 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | Loan transaction paid off a lender to lender 2nd mortgage. The H8 RTC form was used, however the H9 RTC form should have been used. Please provide the corrected RTC with a new rescission period (does not need to be signed), letter to borrower explaining the issue and the mailing label. Borrower must receive the Corrected package at least [redacted]business days prior to the new expiration date on the corrected RTC. | Reviewer Comment (2026-04-15): Corrected RTC received. Buyer Comment (2026-04-13): New RTC with proof of borrower receipt |
04/15/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | B | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225166920 | [Redacted] | [Redacted] | 36165751 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. 2 AVM's with the same Model Name were entered. Sec ID: [redacted] | Reviewer Comment (2026-04-28): Cleared. Received addtional AVM with different Model name. Reviewer Comment (2026-04-24): Received AVM ( [redacted]) document is postdated. 2 AVMs with the same Model Name were entered. Exception Remains. Buyer Comment (2026-04-23): AVM |
04/28/2026 | No | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 225166920 | [Redacted] | [Redacted] | 36165752 | Credit | Credit | Miscellaneous | Credit | [redacted]Second Lien Property Exception - Primary Valuation is missing | Reviewer Comment (2026-07-23): Cleared. [redacted] AVMs provided. |
07/23/2026 | No | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | C | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 225166929 | [Redacted] | [Redacted] | 35926535 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-02): Client elects to waive. |
03/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225167907 | [Redacted] | [Redacted] | 35927587 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-02): Waived |
03/02/2026 | No | 2 | A | A | A | A | A | A | B | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225167907 | [Redacted] | [Redacted] | 35927588 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-03-13): WAIVED PER CNR, ON APPROVED WAIVER LIST |
03/13/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | Exempt from ATR | No | |||||||||||||
| 225167907 | [Redacted] | [Redacted] | 35927589 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-02): Waived |
03/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225167907 | [Redacted] | [Redacted] | 35927600 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | The file is missing a copy of the initial 1003. | Buyer Comment (2026-03-17): OK to waive per CNR, EV2 |
03/17/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225167907 | [Redacted] | [Redacted] | 35927602 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - 1-4 Family not provided | The file is missing a copy of the 1-4 family rider. | Reviewer Comment (2026-03-16): Received [redacted] family rider. Exception cleared. Buyer Comment (2026-03-13): please see attached 1-4 mtg rider |
03/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225172758 | [Redacted] | [Redacted] | 35938751 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 2 | A | A | A | A | A | A | B | B | CO | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225172758 | [Redacted] | [Redacted] | 35938752 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CO | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||||
| 225172758 | [Redacted] | [Redacted] | 35938757 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CO | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225173314 | [Redacted] | [Redacted] | 35933437 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): Waived |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225173452 | [Redacted] | [Redacted] | 35933378 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | HOA Verification is missing for property [redacted]. | Reviewer Comment (2026-03-24): Received HOA Verification. Exception cleared. Buyer Comment (2026-03-20): please see attached REO [redacted] HOA letter |
03/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225173452 | [Redacted] | [Redacted] | 35933379 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify. Appraisal from current transaction was provided. Sec ID: [redacted] | Reviewer Comment (2026-03-19): Available Field Review appraisal in file, information validated. Exception Cleared. Buyer Comment (2026-03-17): please see Field Review report doc [redacted], completed on [redacted] |
03/19/2026 | No | 1 | C | A | A | A | C | A | A | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225173452 | [Redacted] | [Redacted] | 35933380 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): waived |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225173452 | [Redacted] | [Redacted] | 36095079 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-03-19): ok to waive per CNR, on approved waiver list |
03/19/2026 | No | 2 | A | A | A | B | NY | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | C | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 225173454 | [Redacted] | [Redacted] | 35932567 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-02): Waived |
03/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Refinance - Cash-out - Other | C | C | A | A | A | A | C | C | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||||
| 225173454 | [Redacted] | [Redacted] | 35932568 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided from prior transaction. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-03-04): CES Auto waive |
03/04/2026 | No | 3 | C | C | A | A | C | C | C | C | C | C | NC | Primary | Refinance - Cash-out - Other | C | C | A | A | A | A | C | C | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | |||||||||||
| 225173455 | [Redacted] | [Redacted] | 35933124 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 2 | A | A | A | A | A | A | B | B | MO | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225173455 | [Redacted] | [Redacted] | 35933125 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | MO | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225173455 | [Redacted] | [Redacted] | 35933126 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): client elects to waive. |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MO | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225173456 | [Redacted] | [Redacted] | 35932538 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy. | Reviewer Comment (2026-03-16): Received Final Title Policy with policy amount $ [redacted]. Exception cleared. |
03/16/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | C | C | B | A | A | A | C | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225173456 | [Redacted] | [Redacted] | 35932544 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Provided title commitment policy amount of $[redacted]is less than the note amount of $[redacted]. | Reviewer Comment (2026-03-16): Received Final Title Policy with policy amount $ [redacted]. Exception cleared. Buyer Comment (2026-03-13): policy upld |
03/16/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | GA | Primary | Refinance - Cash-out - Other | C | C | B | A | A | A | C | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225173456 | [Redacted] | [Redacted] | 35932546 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): waived |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | C | C | B | A | A | A | C | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225173456 | [Redacted] | [Redacted] | 35932547 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-03-13): ok to waive |
03/13/2026 | No | 3 | C | C | A | A | C | C | C | C | GA | Primary | Refinance - Cash-out - Other | C | C | B | A | A | A | C | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225173458 | [Redacted] | [Redacted] | 35932565 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): waived |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225173521 | [Redacted] | [Redacted] | 35932345 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | "AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-03-03): waived |
03/03/2026 | No | 2 | A | A | A | A | A | A | B | B | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||||
| 225173521 | [Redacted] | [Redacted] | 35932347 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-03): waived |
03/03/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||||
| 225173521 | [Redacted] | [Redacted] | 35932355 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): waived |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225173521 | [Redacted] | [Redacted] | 35932357 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage statement /Closing disclosure/Note missing in loan file. | Reviewer Comment (2026-03-18): Received Closing Disclosure. Exception Cleared. Buyer Comment (2026-03-17): please see final cd for pimary residence [redacted]. no statement available, loan just closed on [redacted] |
03/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225173521 | [Redacted] | [Redacted] | 35955579 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | . | Reviewer Comment (2026-03-18): AVM reviewed and meets guideline tolerance requirements. Property Condition Report obtained and supports collateral condition. No additional valuation required per program guidelines. Exception Cleared. Buyer Comment (2026-03-17): please see AVM & PCI reports docs [redacted] [redacted] |
03/18/2026 | No | 1 | A | A | A | A | A | A | A | B | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225175002 | [Redacted] | [Redacted] | 35937516 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | A | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225175002 | [Redacted] | [Redacted] | 35937519 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 1 | N/A | A | A | A | N/A | A | A | N/A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | A | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225175002 | [Redacted] | [Redacted] | 35937520 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | A | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225175002 | [Redacted] | [Redacted] | 35953692 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | - | Red flag on borrower's fraud report was not cleared. | Reviewer Comment (2026-04-21): Received fraud report and all red flag addressed, exception cleared. Buyer Comment (2026-04-20): Please see attached to clear final condition. Reviewer Comment (2026-03-16): Provided fraud report is already associated in the file, RED flag is still not cleared. Exception Remains. Buyer Comment (2026-03-12): Please see attached. |
04/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | A | A | A | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225175076 | [Redacted] | [Redacted] | 35937633 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225175076 | [Redacted] | [Redacted] | 35937654 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation not provided for securitization. | Reviewer Comment (2026-03-03): Client elects to waive |
03/03/2026 | No | 3 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | WA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225175076 | [Redacted] | [Redacted] | 35937655 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 2 | A | A | A | A | A | A | B | B | WA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225178829 | [Redacted] | [Redacted] | 35941928 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||||
| 225178829 | [Redacted] | [Redacted] | 35941932 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-03-13): Received Final Title Policy with policy amount $ [redacted]. Exception cleared. |
03/13/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||||
| 225178829 | [Redacted] | [Redacted] | 35941988 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2026-03-13): Received Final Title Policy with policy amount $ [redacted]. Exception cleared. Buyer Comment (2026-03-12): final policy upld |
03/13/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||||
| 225178829 | [Redacted] | [Redacted] | 35942470 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Waterfall due to QM Points and Fees [redacted]. | Reviewer Comment (2026-05-01): Lender changed loan designation. Condition cleared. Buyer Comment (2026-04-29): please redesignate to NON-QM Reviewer Comment (2026-04-23): Exception was escalated. Response. There is no cure available for QM points and fees exceptions. One option the lender could consider (if it meets client's needs) would be restating the loan as a Non-QM loan. This would not test for QM P&F test but instead would cite an EV-2 restated loan designation exception. Buyer Comment (2026-04-21): [redacted]/ [redacted]with proof of delivery upld |
05/01/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | B | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | Yes | |||||||||
| 225178829 | [Redacted] | [Redacted] | 35942471 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees [redacted] | Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted] on a Federal Total Loan Amount of $[redacted]vs. an allowable total of $[redacted](an overage of $[redacted]%). | QM Points and Fees threshold exceeded by $[redacted]%. Lender to issue refund of overage to borrower. | Reviewer Comment (2026-05-01): Lender changed loan designation. Condition cleared. Buyer Comment (2026-04-29): please redesignate to NON-QM Reviewer Comment (2026-04-23): Exception was escalated. Response. There is no cure available for QM points and fees exceptions. One option the lender could consider (if it meets client's needs) would be restating the loan as a Non-QM loan. This would not test for QM P&F test but instead would cite an EV-2 restated loan designation exception. Buyer Comment (2026-04-21): [redacted]/ [redacted]with proof of delivery upld to trl docs |
05/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225178829 | [Redacted] | [Redacted] | 36381803 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Restated Loan Designation Match - General Ability to Repay | Ability to Repay (Dodd-Frank 2014): The initial Loan Designation provided did not match. However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. | This EV2 citing is only addressing the fact that the lender re-stated the loan designation. Condition can be waived. | Buyer Comment (2026-05-01): ok to waive |
05/01/2026 | No | 2 | A | B | B | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | B | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||||||||
| 225179921 | [Redacted] | [Redacted] | 35936685 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225179921 | [Redacted] | [Redacted] | 35953841 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted]Rate Lock is missing in file. | Reviewer Comment (2026-03-23): Received Rate Lock document. Exception cleared. Buyer Comment (2026-03-15): Please see attached Rate Lock Form |
03/23/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | MA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225180847 | [Redacted] | [Redacted] | 35938823 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): waived |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225180847 | [Redacted] | [Redacted] | 35938825 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-03): waived |
03/03/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225180847 | [Redacted] | [Redacted] | 35938826 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-03-03): waive |
03/03/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225180847 | [Redacted] | [Redacted] | 35939632 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Initial Rate Lock Date missing in file. | Reviewer Comment (2026-03-16): Received final signed CD. Condition cleared. Buyer Comment (2026-03-15): Please see attached rate lock form |
03/16/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225180847 | [Redacted] | [Redacted] | 35939634 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | RTC not provided prior to [redacted] business to the application date. | Reviewer Comment (2026-03-16): Received final signed CD. Condition cleared. Buyer Comment (2026-03-15): Please see final signed CD showing closing/signing date was [redacted] thereby making RTC date of [redacted] being the [redacted]day as required. |
03/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225180847 | [Redacted] | [Redacted] | 35939635 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | RTC not provided prior to [redacted] business to the application date. | Reviewer Comment (2026-03-16): Received final signed CD. Condition cleared. Buyer Comment (2026-03-15): : Please see final signed CD showing closing/signing date was [redacted] thereby making RTC date of [redacted] being the 3rd day as required. |
03/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225183766 | [Redacted] | [Redacted] | 35964129 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-04): Client elects to waive. |
03/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225183766 | [Redacted] | [Redacted] | 35964130 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225188586 | [Redacted] | [Redacted] | 35942091 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225188586 | [Redacted] | [Redacted] | 35942092 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225188586 | [Redacted] | [Redacted] | 35942093 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225188586 | [Redacted] | [Redacted] | 35942101 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Title Report is missing in file. | Reviewer Comment (2026-03-27): Title document received. Details verified and updated. Exception cleared. Buyer Comment (2026-03-26): subject loan was a CES and a final title policy is not required. a Report of title was acquired |
03/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225188586 | [Redacted] | [Redacted] | 35942144 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Data Discrepancy with DTI. Lender DTI [redacted]% Review DTI [redacted]% The reason for the discrepancy is Lender calculated DTI using the First Lien PITIA amount of $[redacted]rather than just the P&I amount of $[redacted]as verified by the mortgage statement. | Reviewer Comment (2026-03-18): Updated 1008 received. DTI is matching with 1008. Exception cleared. Buyer Comment (2026-03-17): 1008 |
03/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225188586 | [Redacted] | [Redacted] | 35942145 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate Lock document is missing. | Reviewer Comment (2026-03-18): Initial rate lock received. Details verified and updated. Exception cleared. Buyer Comment (2026-03-17): lock |
03/18/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225188586 | [Redacted] | [Redacted] | 35942147 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated[redacted]). | Disclosed Amount Financed is $[redacted]. Due Diligence Amount Financed are $[redacted]. There is a variance of $[redacted]. | Reviewer Comment (2026-04-13): [redacted]received PCCD, LOE, Copy of Refund Check, Re-opening of Rescission and Proof of Receipt. Buyer Comment (2026-04-10): updated PCCD Reviewer Comment (2026-04-03): RTC provided does not meet required conditions. RTC was signed on [redacted] but expired on [redacted]. The borrower must have [redacted]days to cancel after receiving the RTC. Buyer Comment (2026-04-02): RTC SIGNED BY THE BORROWER Reviewer Comment (2026-03-26): This is a material exception on a rescindable transaction and requires reopening of rescission and proof of delivery of RTC to complete cure. Further, the RTC must allow the borrower [redacted]days to cancel the transaction from date of delivery. Buyer Comment (2026-03-25): PCCD and check |
04/13/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225188586 | [Redacted] | [Redacted] | 35942148 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated[redacted]). | Disclosed Amount Financed is $[redacted]. Due Diligence Amount Financed are $[redacted]. There is a variance of $[redacted]. | Reviewer Comment (2026-04-13): [redacted]received PCCD, LOE, Copy of Refund Check, Re-opening of Rescission and Proof of Receipt. Buyer Comment (2026-04-10): updated PCCD Reviewer Comment (2026-04-03): RTC provided does not meet required conditions. RTC was signed on [redacted] but expired on [redacted]. The borrower must have [redacted]days to cancel after receiving the RTC. Buyer Comment (2026-04-02): RTC SIGNED BY THE BORROWER Reviewer Comment (2026-03-26): This is a material exception on a rescindable transaction and requires reopening of rescission and proof of delivery of RTC to complete cure. Further, the RTC must allow the borrower [redacted]days to cancel the transaction from date of delivery. Buyer Comment (2026-03-25): PCCD uploaded |
04/13/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225188586 | [Redacted] | [Redacted] | 35942152 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI discrepancy | Reviewer Comment (2026-03-18): Updated 1008 received. DTI is matching with 1008. Exception cleared. Buyer Comment (2026-03-17): 1008 |
03/18/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225188586 | [Redacted] | [Redacted] | 35942153 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Data Discrepancy with DTI. Lender DTI [redacted]% Review DTI [redacted]% The reason for the discrepancy is Lender calculated DTI using the First Lien PITIA amount of $[redacted]rather than just the P&I amount of $[redacted]as verified by the mortgage statement. | Reviewer Comment (2026-03-18): Updated 1008 received. DTI is matching with 1008. Exception cleared. Buyer Comment (2026-03-17): 1008 |
03/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225190248 | [Redacted] | [Redacted] | 35942511 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225190248 | [Redacted] | [Redacted] | 35942521 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225190248 | [Redacted] | [Redacted] | 35942522 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225190248 | [Redacted] | [Redacted] | 35953977 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted]Rate Lock is missing in file. | Reviewer Comment (2026-03-19): Received rate lock document in file. Exception Cleared. Buyer Comment (2026-03-18): Initial Rate Lock |
03/19/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225191219 | [Redacted] | [Redacted] | 35942634 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225191219 | [Redacted] | [Redacted] | 35942653 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Title Commitment/Preliminary Title does not reflect the amount of the proposed Lender's coverage. | Reviewer Comment (2026-03-20): Title supplemental report received & associated. Exception cleared. Buyer Comment (2026-03-18): Title |
03/20/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 225191219 | [Redacted] | [Redacted] | 35942657 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation is not required as AVM Value is supported. | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225191219 | [Redacted] | [Redacted] | 35942658 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-03): Client elects to waive. |
03/03/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225191219 | [Redacted] | [Redacted] | 35954015 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted]Rate Lock is missing | Reviewer Comment (2026-03-20): Initial [redacted]Rate Lock received & associated. Exception cleared. Buyer Comment (2026-03-18): Initial Rate Lock |
03/20/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 225199339 | [Redacted] | [Redacted] | 35958729 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-03-04): waived |
03/04/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225199339 | [Redacted] | [Redacted] | 35958732 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation is not required. | Reviewer Comment (2026-03-04): waived |
03/04/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225199339 | [Redacted] | [Redacted] | 35958736 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-03-04): waived |
03/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225199339 | [Redacted] | [Redacted] | 35958765 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
UW has considered first mortgage P&I $[redacted]. but as per document it is $[redacted]. | Reviewer Comment (2026-03-27): Corrected 1008 received & associated. Exception cleared. Buyer Comment (2026-03-26): Please see updated 1008 to clear condition. |
03/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225199339 | [Redacted] | [Redacted] | 35958844 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | UW has considered first mortgage P&I $[redacted]. but as per document it is $[redacted]. | Reviewer Comment (2026-03-27): Corrected 1008 received & associated. Exception cleared. Buyer Comment (2026-03-26): Waterfall |
03/27/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225199339 | [Redacted] | [Redacted] | 35958845 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | UW has considered first mortgage P&I $[redacted]. but as per document it is $[redacted]. | Reviewer Comment (2026-03-27): Corrected 1008 received & associated. Exception cleared. Buyer Comment (2026-03-26): Waterfall |
03/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225199481 | [Redacted] | [Redacted] | 35954445 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-03-21): preapproved waiver list |
03/21/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225199481 | [Redacted] | [Redacted] | 35954456 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-03-26): Received Final Title document with correct policy amount, information validated. Exception Cleared. |
03/26/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225199481 | [Redacted] | [Redacted] | 35956131 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI exceeds minimum requirement as the second home mortgage payment is higher than what the underwriter considered. | Reviewer Comment (2026-03-24): Cleared. Received updated 1008. Buyer Comment (2026-03-21): revise 1008 |
03/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225199481 | [Redacted] | [Redacted] | 35956310 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | ATR risk due to DTI variance. DTI exceeds minimum requirement as the second home mortgage payment is higher than what the underwriter considered. | Reviewer Comment (2026-03-24): Cleared. Received updated 1008. Buyer Comment (2026-03-21): revise 1008 |
03/24/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225199481 | [Redacted] | [Redacted] | 35956311 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | ATR risk due to DTI variance. DTI exceeds minimum requirement as the second home mortgage payment is higher than what the underwriter considered. | Reviewer Comment (2026-03-24): Cleared. Received updated 1008. Buyer Comment (2026-03-21): revise 1008 |
03/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225199481 | [Redacted] | [Redacted] | 35956312 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated[redacted]). | Amount financed disclosed as $[redacted], versus actual amount of $[redacted]. Variance of $[redacted]due to tax return verification fee. | Reviewer Comment (2026-03-24): Cured at closing. Buyer Comment (2026-03-21): Please confirm TRID calculation, a lender credit of $ [redacted]was reflecting on the CD for the tax return fee, pg [redacted] [redacted]. |
03/24/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225199481 | [Redacted] | [Redacted] | 35956313 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated[redacted]). | Finance charge disclosed as $[redacted], versus actual amount of $[redacted]. Variance of $[redacted]due to tax return verification fee. | Reviewer Comment (2026-03-24): Cured at closing. Buyer Comment (2026-03-21): Please confirm TRID calculation, a lender credit of $91 was reflecting on the CD for the tax return fee, pg [redacted] |
03/24/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225199481 | [Redacted] | [Redacted] | 35956554 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Coverage amount not provided on preliminary title. | Reviewer Comment (2026-03-26): Received Final Title document with correct policy amount, information validated. Exception Cleared. Buyer Comment (2026-03-24): final title |
03/26/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225199517 | [Redacted] | [Redacted] | 35951748 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-03-18): preapproved waiver list |
03/18/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225199517 | [Redacted] | [Redacted] | 35951752 | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | - | Provided CPA letter document date was not provided. | Reviewer Comment (2026-04-07): CPA letter provided with document date. Exception cleared Buyer Comment (2026-04-06): dated letter and email |
04/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225199592 | [Redacted] | [Redacted] | 35953978 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-04): Client elects to waive. |
03/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225199592 | [Redacted] | [Redacted] | 35954028 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". | Reviewer Comment (2026-03-04): Client elects to waive. |
03/04/2026 | No | 2 | A | A | A | A | A | A | B | B | NC | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225199592 | [Redacted] | [Redacted] | 35954213 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request to use tip income with less than [redacted]years history is approved. Per disposition, max [redacted]% CLTV, tips to be averaged over length of employment, YTD to support tips in line with [redacted], subject to meeting all other closed-end 2nd guidelines. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. |
Guidelines Representative FICO: [redacted] Representative FICO: [redacted] Borrower has worked in the same position for more than [redacted] years. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC SitusAMC |
Reviewer Comment (2026-03-04): Client elects to waive with comp factors. |
03/04/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 225201667 | [Redacted] | [Redacted] | 35952672 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Reviewer Comment (2026-03-23): Insurance dwelling coverage covers loan amount. Exception cleared. Buyer Comment (2026-03-20): Property is in state of [redacted] so no RCE are allowed. Policy is required to cover replacement cost . Our coverage also covers the loan amount |
03/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 225201667 | [Redacted] | [Redacted] | 36147516 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data Discrepancy - DSCR | Reviewer Comment (2026-05-11): Updated 1008 matched DSCR [redacted] Buyer Comment (2026-05-07): 1008 rev - [redacted] Buyer Comment (2026-05-07): [redacted] has updated [redacted] to match [redacted] DSCR score of [redacted] . Please see attached 1008 and clear finding Reviewer Comment (2026-04-29): For due diligence review, the amounts for the HOI premium and property tax are to ve verified independently by the supporting documeation instead of the mortgage statement and/or credit report. Buyer Comment (2026-04-28): [redacted] disagrees with [redacted] breakdown of [redacted] mortgage. $[redacted], which contradicts mortgage statement & Credit report. $[redacted]([redacted] [redacted] ) - $[redacted] (escrows) = $[redacted]; $[redacted]; $[redacted]; $[redacted] Reviewer Comment (2026-04-17): Due diligence uses P&I from the statement for the [redacted] mortgage which is [redacted]. The HOI premium is $[redacted]annually and tax cert reflects $[redacted]. Buyer Comment (2026-04-15): Reviewing this file as even with [redacted]variance, [redacted] is incorrect with their calculation. [redacted] is currently using a full P&I of $[redacted] for both mortgages [redacted] is using a full P&I of $[redacted]for both mortgages [redacted] appears to be using primary lien's P&I (per mortgage statement) without considering possibility of Escrow fluctuation. Mortgage statement has escrows as $[redacted] whereas HOI premium & tax bill yield $[redacted]. Full P&I $[redacted] + Taxes & Ins $[redacted]= $[redacted] $[redacted] / $[redacted]= [redacted] Please correct or open exception for review Reviewer Comment (2026-04-15): Reopening for client. Reviewer Comment (2026-03-27): Received Lease renewal addendum and DSCR Calculation worksheet in the file. DSCR requirement met. Exception Cleared. Buyer Comment (2026-03-25): DSCR Calc & Lease renewal Buyer Comment (2026-03-25): [redacted] respectfully disagrees with [redacted] DSCR. I've recalculated and get the same score as Origination. [redacted] not using rent from lease renewal. Lease renewal dated [redacted] months prior to appraisal. Please review attached supporting docs and advise. |
05/11/2026 | No | 1 | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| 225201668 | [Redacted] | [Redacted] | 35953018 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||||
| 225201668 | [Redacted] | [Redacted] | 35953117 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is missing in the file. | Reviewer Comment (2026-03-17): Business Purpose Certificate, cleared Buyer Comment (2026-03-17): cert upld |
03/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||
| 225201693 | [Redacted] | [Redacted] | 35983533 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225201693 | [Redacted] | [Redacted] | 35983534 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NV | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225201693 | [Redacted] | [Redacted] | 35983535 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". | Buyer Comment (2026-03-20): OK to waive per [redacted] |
03/20/2026 | No | 2 | A | A | A | A | A | A | B | B | NV | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225201694 | [Redacted] | [Redacted] | 35963544 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Invalid exception. Lenders DTI of [redacted]% is within tolerance of review DTI of [redacted]%. | Reviewer Comment (2026-03-27): Corrected the tax amount to $[redacted]Annually ($[redacted]monthly) as per tax cert and title commitment. Exception cleared. Reviewer Comment (2026-03-27): Correcting the tax amount to $[redacted] Annually ($[redacted]monthly) as per tax cert and title commitment gives a DTI of [redacted]%, which is [redacted]% less than the DTI in 1008 - [redacted]%, the 1008 shows monthly tax as $[redacted]. Exception remains. Buyer Comment (2026-03-26): The tax amount you have is incorrect. Please review the attached tax cert and this will correct the DTI condition. |
03/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225201694 | [Redacted] | [Redacted] | 35963547 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-04): waive |
03/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225201694 | [Redacted] | [Redacted] | 35963548 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File is missing mortgage statement for property located at [redacted]. | Reviewer Comment (2026-03-27): Received final CD Buyer Comment (2026-03-26): This loan just closed yesterday [redacted] - There isnt a mortgage statement to provide, but I have attached the [redacted] payment letter and the CD from the closing. |
03/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225201694 | [Redacted] | [Redacted] | 35963607 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to invalid DTI exception. Lenders DTI of [redacted]% is within tolerance of review DTI of [redacted]%. | Reviewer Comment (2026-03-27): Corrected the tax amount to $[redacted] Annually ($[redacted]monthly) as per tax cert and title commitment. Exception cleared. Reviewer Comment (2026-03-27): Correcting the tax amount to $[redacted] Annually ($[redacted] monthly) as per tax cert and title commitment gives a DTI of [redacted]%, which is [redacted] % less than the DTI in 1008 - [redacted]%, the 1008 shows monthly tax as $[redacted]. Exception remains. Buyer Comment (2026-03-26): [redacted] condition. |
03/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225201694 | [Redacted] | [Redacted] | 35963608 | Compliance | Compliance | State Compliance | Compliance | Massachusetts Home Loan - Loan Does Not Qualify for Safe Harbor/Exemption from MA Borrower Interest Requirement | [redacted]Home Loan: Mortgage loan does not qualify under Borrower's Interest Safe Harbor for anti-flipping provisions. | Mortgage loan does not qualify under Borrower's Interest Safe Harbor for anti-flipping provisions. | Reviewer Comment (2026-03-27): DTI discrepency issue resolved |
03/27/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225201694 | [Redacted] | [Redacted] | 35963609 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-9 form was used, the H-8 form should have been used. | Notice of Right to Cancel H-9 form was used, the H-8 form should have been used. | Reviewer Comment (2026-04-17): Received [redacted] Form. Exception Cleared. Buyer Comment (2026-04-15): Please see attached. |
04/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225201694 | [Redacted] | [Redacted] | 35963612 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to invalid DTI exception. Lenders DTI of [redacted]% is within tolerance of review DTI of [redacted]%. | Reviewer Comment (2026-03-27): Corrected the tax amount to $[redacted] Annually ($[redacted]monthly) as per tax cert and title commitment. Exception cleared. Reviewer Comment (2026-03-27): Correcting the tax amount to $[redacted] Annually ($[redacted]monthly) as per tax cert and title commitment gives a DTI of [redacted]%, which is [redacted]% less than the DTI in 1008 - [redacted]%, the 1008 shows monthly tax as $[redacted]. Exception remains. Buyer Comment (2026-03-26): [redacted] |
03/27/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | MA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225201765 | [Redacted] | [Redacted] | 35961188 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-04): Waive per Client's guidance |
03/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225201765 | [Redacted] | [Redacted] | 35961195 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage statement, tax statement, and hazard insurance not provided for property located at [redacted]. | Reviewer Comment (2026-03-23): Received Final Closing Disclosure. Exception cleared Buyer Comment (2026-03-19): New loan , Final CD with escrows |
03/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225204602 | [Redacted] | [Redacted] | 35964544 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-04): Waive per Client's guidance |
03/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225204606 | [Redacted] | [Redacted] | 35964410 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | DTI variance. Lender's DTI: [redacted]%. Review DTI: [redacted]%. Variance is due to positive income on investment property located at [redacted], not being considered by lender. | Reviewer Comment (2026-07-08): Bid Tape DTI has been updated. Exception cleared. Buyer Comment (2026-07-07): please clear, the bid tape has been updated Reviewer Comment (2026-06-30): Bid tape is still pending update. To clear the exception, we require the bid tape to reflect DTI as [redacted]%, same as 1008. Exception remains. Buyer Comment (2026-06-29): the correct 1008 is on [redacted], we will correct a bid tape correction witha DTI of [redacted]% Reviewer Comment (2026-06-26): Due diligence reveiw DTI [redacted] is however the bid tape reflects [redacted]%. An updated Bid tape for the DTI is required. Reviewer Comment (2026-03-18): [redacted] lien principal and interest have been updated. Exception Cleared. Buyer Comment (2026-03-17): revised 1008 upld |
07/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Non QM | No | |||||||||||
| 225204606 | [Redacted] | [Redacted] | 35964412 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-04): Client elects to waive |
03/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Non QM | No | ||||||||||||
| 225204606 | [Redacted] | [Redacted] | 35964426 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. Secondary valuation from subject transaction is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-03-17): ok to waive |
03/17/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Non QM | No | |||||||||||||
| 225204606 | [Redacted] | [Redacted] | 35964545 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR risk due to DTI variance. Lender's DTI: [redacted]%. Review DTI: [redacted]%. Variance is due to positive income on investment property located at [redacted], not being considered by lender. | Reviewer Comment (2026-03-18): [redacted] lien principal and interest have been updated. Exception Cleared. Buyer Comment (2026-03-17): revised 1008 upld to trl docs |
03/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Non QM | No | ||||||||||
| 225204606 | [Redacted] | [Redacted] | 35967853 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Fully executed trust agreement not provided in file. | Reviewer Comment (2026-03-18): Certificate of Trustee in file is acceptable per guidelines; confirms trustee authority and revocable trust. No trust agreement required. Exception Cleared. Buyer Comment (2026-03-17): acceptable trust cert is on [redacted] & [redacted]. |
03/18/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Non QM | No | |||||||||||
| 225204606 | [Redacted] | [Redacted] | 36833457 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Due diligence reveiw DTI [redacted]is however the bid tape reflects [redacted]%. An updated Bid tape for the DTI is required. | Reviewer Comment (2026-07-06): Updated Bid tape provided. Reviewer Comment (2026-07-06): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]%; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]%. Reviewer Comment (2026-06-30): Bid tape is still pending update. To clear the exception, we require the bid tape to reflect DTI as [redacted]%, same as 1008. Exception remains. Buyer Comment (2026-06-29): the correct 1008 is on [redacted], we will correct a bid tape correction witha DTI of [redacted]% |
07/06/2026 | No | 1 | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Non QM | No | ||||||||||||||||
| 225204726 | [Redacted] | [Redacted] | 35964140 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-04): Waive per Client's guidance |
03/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OK | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225204726 | [Redacted] | [Redacted] | 35964142 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-04): Waive per Client's guidance |
03/04/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | OK | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225204726 | [Redacted] | [Redacted] | 35964143 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". | Buyer Comment (2026-03-18): OK to waive per [redacted] |
03/18/2026 | No | 2 | A | A | A | A | A | A | B | B | OK | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225205123 | [Redacted] | [Redacted] | 35966066 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-04): "AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] [redacted]. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]." |
03/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225205123 | [Redacted] | [Redacted] | 35966073 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. The supporting secondary valuation is missing. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-04): "AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for[redacted] per[redacted] [redacted]. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]." |
03/04/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225205123 | [Redacted] | [Redacted] | 35966074 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-04): "AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]." |
03/04/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225205125 | [Redacted] | [Redacted] | 35968682 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-03-06): Please waive condition |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225205125 | [Redacted] | [Redacted] | 35968702 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | [redacted]rate lock was not found in file. | Reviewer Comment (2026-03-09): Received Rate lock agreement in file. Exception Cleared. Buyer Comment (2026-03-05): Please see attached. |
03/09/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225205128 | [Redacted] | [Redacted] | 35969138 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-04): waive |
03/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225205128 | [Redacted] | [Redacted] | 35969354 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Lender DTI [redacted]%., Review DTI [redacted]%. The reason for the discrepancy is due to an HOA fee of $[redacted]that the underwriter included in their DTI calculation however, we have a Letter of Explanation stating there is no HOA due, and the property is not under HOA. | Reviewer Comment (2026-03-23): Received updated 1008 and 1003 verified. Exception cleared. Buyer Comment (2026-03-19): Please see attached updated 1008/1003. |
03/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225205128 | [Redacted] | [Redacted] | 35969371 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall to DTI variance. Lender DTI [redacted]%., Review DTI [redacted]%. The reason for the discrepancy is due to an HOA fee of $[redacted]that the underwriter included in their DTI calculation however, we have a Letter of Explanation stating there is no HOA due, and the property is not under HOA. | Reviewer Comment (2026-03-23): Received updated 1008 and 1003 verified. Exception cleared. Buyer Comment (2026-03-19): Please see attached updated 1008/1003. |
03/23/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225205128 | [Redacted] | [Redacted] | 35969372 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall to DTI variance. Lender DTI [redacted]%., Review DTI [redacted]%. The reason for the discrepancy is due to an HOA fee of $[redacted]that the underwriter included in their DTI calculation however, we have a Letter of Explanation stating there is no HOA due, and the property is not under HOA. | Reviewer Comment (2026-03-23): Received updated 1008 and 1003 verified. Exception cleared. Buyer Comment (2026-03-19): Please see attached updated 1008/1003. |
03/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225208148 | [Redacted] | [Redacted] | 35969692 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #4 | Reviewer Comment (2026-03-04): Client elects to waive |
03/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225208151 | [Redacted] | [Redacted] | 35969546 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-03-06): waived |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225209242 | [Redacted] | [Redacted] | 35970830 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225209242 | [Redacted] | [Redacted] | 35970831 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225209242 | [Redacted] | [Redacted] | 35970832 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a second lien. Rating is a 'B' for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of 'B'. | Buyer Comment (2026-03-20): Ok to waive per [redacted] |
03/20/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225209251 | [Redacted] | [Redacted] | 35971414 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: 370 | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Buyer Comment (2026-03-20): ok to waive |
03/20/2026 | No | 2 | A | A | A | A | A | A | B | B | AL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225209251 | [Redacted] | [Redacted] | 35971416 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-06): waived |
03/06/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | AL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225209251 | [Redacted] | [Redacted] | 35971418 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): waived |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225209268 | [Redacted] | [Redacted] | 35970674 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-24): Client elects to waive. Buyer Comment (2026-03-23): Please see attached |
03/24/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225209268 | [Redacted] | [Redacted] | 35970676 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-03-24): waive |
03/24/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225209268 | [Redacted] | [Redacted] | 35970681 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Lender has considered higher P&I of first lien $[redacted]mortgage statement confirms $[redacted]. | Reviewer Comment (2026-04-17): Updated 1008 received with P&I of $[redacted] and DTI is matched to [redacted]%. Buyer Comment (2026-04-15): Please see updated 1008 to clear condition. |
04/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225209268 | [Redacted] | [Redacted] | 35970684 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI mismatch Lender has considered higher P&I of first lien $[redacted]while mortgage statement confirms $[redacted]. | Reviewer Comment (2026-04-17): Updated 1008 received with P&I of $[redacted] and DTI is matched to [redacted]%. Buyer Comment (2026-04-15): Please clear [redacted] condition. |
04/17/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225209268 | [Redacted] | [Redacted] | 35970685 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to DTI mismatch Lender has considered higher P&I of first lien $[redacted]while mortgage statement confirms $[redacted]. | Reviewer Comment (2026-04-17): Updated 1008 received with P&I of $[redacted] and DTI is matched to [redacted]%. Buyer Comment (2026-04-15): Please clear [redacted] condition. |
04/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225209420 | [Redacted] | [Redacted] | 35971928 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title policy amount of $[redacted]in commitment title policy is less than the note amount of $[redacted]. | Reviewer Comment (2026-03-27): Received title commitment document with valid policy amount. Exception Cleared. Buyer Comment (2026-03-26): updated commit upld |
03/27/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225209420 | [Redacted] | [Redacted] | 35971931 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225209424 | [Redacted] | [Redacted] | 35971610 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Non QM | No | ||||||||||||
| 225210861 | [Redacted] | [Redacted] | 35973874 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope as second lien | Reviewer Comment (2026-03-06): Client elects to waive. |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NM | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225210861 | [Redacted] | [Redacted] | 35973907 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The supporting secondary valuation is missing. Sec ID: [redacted] | secondary valuation is not provided in file | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NM | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225210861 | [Redacted] | [Redacted] | 35973933 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-06): Client elects to waive. |
03/06/2026 | No | 2 | A | A | A | A | A | A | B | B | NM | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225210861 | [Redacted] | [Redacted] | 35974403 | Compliance | Compliance | Federal Compliance | TILA | Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application | Truth in Lending Act (NMLSR Dodd- Frank 2014): Individual Loan Originator not NMLS licensed or registered at time of application. | Loan Originator NMLS licensed at time of application. | Reviewer Comment (2026-03-30): License for [redacted] [redacted] issued [redacted]. [redacted] Licensed issued [redacted] Buyer Comment (2026-03-26): Was under licensed LO at time of application |
03/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NM | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225210861 | [Redacted] | [Redacted] | 35974585 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Note document date is [redacted] and Closing disclosure sign date is [redacted]and security instrument notary date is [redacted] due to which subject loan transaction disbursed on [redacted], prior to [redacted]) business days from transaction date of [redacted] | Reviewer Comment (2026-04-27): Received final Alta statement with correct disbursement date. Condition cleared. Reviewer Comment (2026-04-07): Please provide closing disclosure document which shows final disbursement date is [redacted], Exception remains. Buyer Comment (2026-04-06): File disbursed on [redacted] |
04/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NM | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | B | C | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225210861 | [Redacted] | [Redacted] | 35974663 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI is less than the UW calculated DTI as loan amount considered for calculation is $[redacted] | Reviewer Comment (2026-03-24): Updated 1008 Buyer Comment (2026-03-23): Corrected 1008 /1003 |
03/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NM | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225212113 | [Redacted] | [Redacted] | 35980078 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI discrepancy due to Lender not considering tax and hazard obligations in DTI calculation. Calculated DTI differs from bid tape DTI as a result. | Reviewer Comment (2026-03-24): Received verification from lender that DTI matches/is within tolerance. However, Bid tape remains a discrepancy. Condition cleared. Buyer Comment (2026-03-23): Updated 1008 1003 |
03/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225212113 | [Redacted] | [Redacted] | 35980223 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): waived |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225212113 | [Redacted] | [Redacted] | 35980263 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-06): waived |
03/06/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | TN | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225212113 | [Redacted] | [Redacted] | 35980327 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-06): waived |
03/06/2026 | No | 2 | A | A | A | A | A | A | B | B | TN | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225212113 | [Redacted] | [Redacted] | 35983827 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI discrepancy causing loan designation mismatch. | Reviewer Comment (2026-03-24): Received verification from lender that DTI matches/is within tolerance. However, Bid tape remains a discrepancy. Condition cleared. Buyer Comment (2026-03-23): See updated 1008/1003 |
03/24/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | TN | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225212113 | [Redacted] | [Redacted] | 35983828 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to DTI discrepancy. | Reviewer Comment (2026-03-24): Received verification from lender that DTI matches/is within tolerance. However, Bid tape remains a discrepancy. Condition cleared. Buyer Comment (2026-03-23): See updated 1008/1003 |
03/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225212113 | [Redacted] | [Redacted] | 35989052 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted]rate lock is missing in file. | Reviewer Comment (2026-03-24): Received rate lock. Condition cleared. Buyer Comment (2026-03-23): Lock forms |
03/24/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | TN | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225212379 | [Redacted] | [Redacted] | 35985831 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". | Buyer Comment (2026-03-24): OK to waive per [redacted] |
03/24/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225212379 | [Redacted] | [Redacted] | 35985832 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225212379 | [Redacted] | [Redacted] | 35985833 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225212383 | [Redacted] | [Redacted] | 35984674 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): waive |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225212383 | [Redacted] | [Redacted] | 35984676 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-06): waive |
03/06/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225212383 | [Redacted] | [Redacted] | 35984684 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-03-06): waive |
03/06/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225212383 | [Redacted] | [Redacted] | 35984956 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock is missing. | Reviewer Comment (2026-03-23): Received Initial [redacted] Rate Lock document, Exception Cleared. Buyer Comment (2026-03-19): lock and initial lock |
03/23/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225212521 | [Redacted] | [Redacted] | 35984524 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Rate/Term | D | A | A | A | B | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225212521 | [Redacted] | [Redacted] | 35984545 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock agreement was not found in file. | Reviewer Comment (2026-03-25): Received [redacted] initial Rate Lock document. Exception cleared. Buyer Comment (2026-03-24): Please see attached |
03/25/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Rate/Term | D | A | A | A | B | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225212521 | [Redacted] | [Redacted] | 35991087 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-20): AVM provided |
07/20/2026 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Primary | Refinance - Rate/Term | D | A | A | A | B | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225212573 | [Redacted] | [Redacted] | 35985795 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a second lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of 'B'. | Buyer Comment (2026-03-17): ok to waive |
03/17/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225212573 | [Redacted] | [Redacted] | 35985797 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225212573 | [Redacted] | [Redacted] | 35985798 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225212573 | [Redacted] | [Redacted] | 35985808 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Final Title Policy was not found in file. | Reviewer Comment (2026-03-19): Received Final Title policy document with valid policy amount. Exception Cleared. |
03/19/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225212573 | [Redacted] | [Redacted] | 35985809 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock document was not found in file. | Reviewer Comment (2026-03-19): Received Initial [redacted] Rate Lock document, Exception Cleared. Buyer Comment (2026-03-17): initial & final locks upld |
03/19/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225212573 | [Redacted] | [Redacted] | 35989485 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of[redacted] is less than the note amount of [redacted]. | Reviewer Comment (2026-03-19): Received Final Title policy document with valid policy amount. Exception Cleared. Buyer Comment (2026-03-17): final policy upld |
03/19/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225216226 | [Redacted] | [Redacted] | 35985930 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a second lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of 'B'. | Reviewer Comment (2026-03-13): Client elects to waive. Buyer Comment (2026-03-12): Please see AVM starting on page [redacted] in the documents to clear this condition. |
03/13/2026 | No | 2 | A | A | A | A | A | A | B | B | PA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225216226 | [Redacted] | [Redacted] | 35985931 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | PA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225216226 | [Redacted] | [Redacted] | 35985933 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225216229 | [Redacted] | [Redacted] | 35985836 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225216229 | [Redacted] | [Redacted] | 35985837 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | MA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225216229 | [Redacted] | [Redacted] | 35985838 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". | Reviewer Comment (2026-03-13): Client elects to waive. Buyer Comment (2026-03-12): Please see AVM on page [redacted] to clear condition. |
03/13/2026 | No | 2 | A | A | A | A | A | A | B | B | MA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225216273 | [Redacted] | [Redacted] | 35986608 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-20): AVM provided |
07/20/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225216273 | [Redacted] | [Redacted] | 35986609 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): Client elects to waive. |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225216273 | [Redacted] | [Redacted] | 35986627 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Variance in DTI due to taxes [redacted] monthly and insurance [redacted] monthly as per the provided documents which does not match with the qualified escrow payment [redacted] as per the mortgage statement. | Reviewer Comment (2026-03-24): Received verification from lender that DTI matches/is within tolerance. However, Bid tape remains a discrepancy. Condition cleared. Buyer Comment (2026-03-23): Updated 1008/1003 |
03/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225216273 | [Redacted] | [Redacted] | 35986634 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | [redacted] due to variance in DTI due to taxes [redacted] monthly and insurance [redacted] monthly as per the provided documents which does not match with the qualified escrow payment [redacted] as per the mortgage statement. | Reviewer Comment (2026-03-24): Received verification from lender that DTI matches/is within tolerance. However, Bid tape remains a discrepancy. Condition cleared. |
03/24/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225216273 | [Redacted] | [Redacted] | 35986635 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | [redacted] due to variance in DTI due to taxes [redacted] monthly and insurance [redacted] monthly as per the provided documents which does not match with the qualified escrow payment [redacted] as per the mortgage statement. | Reviewer Comment (2026-03-24): Received verification from lender that DTI matches/is within tolerance. However, Bid tape remains a discrepancy. Condition cleared. |
03/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225216273 | [Redacted] | [Redacted] | 37028387 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | NY | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225230120 | [Redacted] | [Redacted] | 35991819 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-06): Waive per Client's guidance |
03/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225230120 | [Redacted] | [Redacted] | 35991822 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Consent date is pending on provided E-sign consent agreement. | Reviewer Comment (2026-03-24): Received E-consent Document, Exception Cleared. Buyer Comment (2026-03-23): eConsent |
03/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225230139 | [Redacted] | [Redacted] | 35992475 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file is missing a copy of the Final Title Policy. | Reviewer Comment (2026-03-23): Final title received. |
03/23/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Non QM | No | |||||||||||
| 225230139 | [Redacted] | [Redacted] | 35992782 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-09): waived |
03/09/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Non QM | No | ||||||||||||
| 225230139 | [Redacted] | [Redacted] | 35992834 | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | - | Document Date Not Provided. | Reviewer Comment (2026-03-23): Date of [redacted] verified and operating agreement was provided, a separate internet search is not required. Buyer Comment (2026-03-19): Rebuttal and screenshots |
03/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Non QM | No | ||||||||||
| 225230139 | [Redacted] | [Redacted] | 35993114 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to missing internet search document date. | Reviewer Comment (2026-03-23): Date of [redacted] verified and operating agreement was provided, a separate internet search is not required. Buyer Comment (2026-03-19): See rebut docs |
03/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Non QM | No | ||||||||||
| 225230139 | [Redacted] | [Redacted] | 35996490 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] Rate Lock is missing in file. | Reviewer Comment (2026-03-23): Rate lock received. Buyer Comment (2026-03-19): Lock forms |
03/23/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Non QM | No | |||||||||||
| 225230139 | [Redacted] | [Redacted] | 35996494 | Credit | Title | Document Error | Title | The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-03-23): Final title received. Buyer Comment (2026-03-20): Updated title |
03/23/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Non QM | No | ||||||||||||
| 225230490 | [Redacted] | [Redacted] | 35993238 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is not provided. | Reviewer Comment (2026-04-14): provided Buyer Comment (2026-04-13): Pleae see attached. Reviewer Comment (2026-03-30): Provided E-sign consent does not belong to borrower. E-sign consent document reflects different borrower name. Required e-sign consent with borrower name as per note and security instrument. Exception remains. Buyer Comment (2026-03-27): Please see attached. |
04/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225230490 | [Redacted] | [Redacted] | 35993423 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI discrepancy due to lender utilizing a higher first mortgage P&I than reflected on source documents. | Reviewer Comment (2026-04-14): Updated DTI [redacted]% Buyer Comment (2026-04-13): Please see updated 1008 to clear condition |
04/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225230490 | [Redacted] | [Redacted] | 35993508 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Waterfall due to lender utilizing a higher first mortgage P&I than reflected on source documents. | Reviewer Comment (2026-04-14): Received clarification/approval/documentation from lender. Condition cleared. Reviewer Comment (2026-04-14): lender utilizing a higher [redacted] mortgage P&I Buyer Comment (2026-04-13): Please clear [redacted] condition. |
04/14/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225230490 | [Redacted] | [Redacted] | 35993543 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to DTI discrepancy. | Reviewer Comment (2026-04-14): DTI updated Buyer Comment (2026-04-13): Please clear [redacted] condition. |
04/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225230490 | [Redacted] | [Redacted] | 35996702 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] Rate Lock is missing in file. | Reviewer Comment (2026-04-14): Received lock. Cleared. Reviewer Comment (2026-04-14): Unable to locate [redacted] Rate Lock. Please provide DOC ID # Buyer Comment (2026-04-13): Please see attached. |
04/14/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225232690 | [Redacted] | [Redacted] | 36036300 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-13): Waived as part of the scope |
03/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225235237 | [Redacted] | [Redacted] | 36031681 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-13): Waived per scope review requirement |
03/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225235237 | [Redacted] | [Redacted] | 36059158 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] Initial Rate Lock was not found in file. | Reviewer Comment (2026-03-24): Rate lock received. Buyer Comment (2026-03-20): Please see attached |
03/24/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | NV | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225237020 | [Redacted] | [Redacted] | 36015980 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-13): waived |
03/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CT | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Non QM | No | ||||||||||||
| 225237020 | [Redacted] | [Redacted] | 36058251 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Mortgage Statement(s) not provided | Mortgage statement missing for first mortgage P&I verification. | Reviewer Comment (2026-04-16): Received Closing Disclosure for [redacted] mortgage, exception cleared Buyer Comment (2026-04-14): Please see attached [redacted] for Subject property refi closed [redacted] Reviewer Comment (2026-04-08): Require mortgage statement for Subject property [redacted] Lien. Exception Remains. Buyer Comment (2026-04-07): Please see attached. |
04/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Non QM | No | |||||||||||
| 225237020 | [Redacted] | [Redacted] | 36058521 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing the signed/dated termination statement for the HELOC paid at closing. | Reviewer Comment (2026-04-09): As per Final 1003 and Final CD there is no [redacted] Mortgage paid off. Exception Cleared. Buyer Comment (2026-04-07): There was not a [redacted] mortgage paid off, so there would be no termination letter. Please clear condition. |
04/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Non QM | No | |||||||||||
| 225237020 | [Redacted] | [Redacted] | 36058559 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] Initial Rate Lock was not found in file. | Reviewer Comment (2026-04-08): Rate lock agreement received in file. Exception Cleared. Buyer Comment (2026-04-07): Please see attached. |
04/08/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CT | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Non QM | No | |||||||||||
| 225237020 | [Redacted] | [Redacted] | 36058578 | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | - | Red flags on fraud report were not cleared. | Reviewer Comment (2026-04-09): Received revised Fraud report all Red Flag cleared. Exception Cleared. Buyer Comment (2026-04-07): Please see attached |
04/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Non QM | No | ||||||||||
| 225237023 | [Redacted] | [Redacted] | 36014677 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-13): waived |
03/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225237023 | [Redacted] | [Redacted] | 36014704 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of [redacted] exceeds Guideline total debt ratio of [redacted]. | Reviewer Comment (2026-03-31): REO Property [redacted] is paid by the borrower spouse and daughter. Bank statement and deposit receipt received confirming the payment of PITIA. DTI matched. Buyer Comment (2026-03-30): Please see attached documentation showing the borrower's daughter and her spouse are paying the debt attached to the property located at [redacted] [redacted] [redacted] [redacted]. Including the HOA obligation. |
03/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225237023 | [Redacted] | [Redacted] | 36014764 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | [redacted] due to DTI Issue. | Reviewer Comment (2026-03-31): REO Property [redacted] is paid by the borrower spouse and daughter. Bank statement and deposit receipt received confirming the payment of PITIA. DTI matched. Buyer Comment (2026-03-30): Please see attached documentation showing the borrower's daughter and her spouse are paying the debt attached to the property located at [redacted]. Including the HOA obligation |
03/31/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225237023 | [Redacted] | [Redacted] | 36014765 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both significantly exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted] significantly exceeds the guideline maximum of [redacted]. (DTI Exception requires compelling compensating factors to consider regrading to [redacted].) | Lender did not consider the payment in the DTI for REO - [redacted] and mortgage reflected in the credit report and there is no evidence of liability exclusion Hence Lender calculated DTI [redacted] differes from audited DTI/ [redacted] | Reviewer Comment (2026-03-31): REO Property [redacted] is paid by the borrower spouse and daughter. Bank statement and deposit receipt received confirming the payment of PITIA. DTI matched. Buyer Comment (2026-03-30): Please see attached documentation showing the borrower's daughter and her spouse are paying the debt attached to the property located at [redacted]. Including the HOA obligation |
03/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225237023 | [Redacted] | [Redacted] | 36014829 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Lender did not consider the payment in the DTI for REO - [redacted] and mortgage reflected in the credit report and there is no evidence of liability exclusion Hence Lender calculated DTI [redacted] differes from audited DTI/ [redacted] | Reviewer Comment (2026-03-31): REO Property [redacted] is paid by the borrower spouse and daughter. Bank statement and deposit receipt received confirming the payment of PITIA. DTI matched. Buyer Comment (2026-03-30): Please see attached documentation showing the borrower's daughter and her spouse are paying the debt attached to the property located at [redacted]. Including the HOA obligation |
03/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225237023 | [Redacted] | [Redacted] | 36014932 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Lender did not consider the payment in the DTI for REO - [redacted] and mortgage reflected in the credit report and there is no evidence of liability exclusion Hence Lender calculated DTI [redacted] differes from audited DTI/ [redacted] | Reviewer Comment (2026-03-31): REO Property [redacted] is paid by the borrower spouse and daughter. Bank statement and deposit receipt received confirming the payment of PITIA. DTI matched. Buyer Comment (2026-03-30): Please see attached documentation showing the borrower's daughter and her spouse are paying the debt attached to the property located at [redacted]. Including the HOA obligation |
03/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225237026 | [Redacted] | [Redacted] | 36029969 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-13): Waived per scope review requirement |
03/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225237026 | [Redacted] | [Redacted] | 36029975 | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | - | Document date of award letter is not provided | Reviewer Comment (2026-06-03): The document indicates the [redacted] income level. Condition is cleared. Reviewer Comment (2026-05-22): No new document received. Award letter is missing document date which is required to clear the condition. Exception remains. Buyer Comment (2026-05-21): The borrower provided the [redacted] letter confirming the Social Security benefit remains active and continuing into [redacted], satisfying the continuance requirement for Social Security income. Please clear condition. |
06/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225237026 | [Redacted] | [Redacted] | 36058259 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-09): Received [redacted] Rate Lock document, Exception Cleared. Buyer Comment (2026-04-07): Please see attached. |
04/09/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | PA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225237028 | [Redacted] | [Redacted] | 36030163 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-03-26): ok to waive |
03/26/2026 | No | 2 | A | A | A | A | A | A | B | B | OR | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225237028 | [Redacted] | [Redacted] | 36030164 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-03-26): ok to waive |
03/26/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | OR | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225237028 | [Redacted] | [Redacted] | 36030165 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-03-26): ok to waive per deal notes |
03/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OR | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225237028 | [Redacted] | [Redacted] | 36058418 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-03-30): Received [redacted] rate lock. Exception Cleared. Buyer Comment (2026-03-26): locks upld |
03/30/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | OR | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225241304 | [Redacted] | [Redacted] | 36031665 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". | Reviewer Comment (2026-04-08): Client elects to waive. Buyer Comment (2026-04-06): Please waive per [redacted] |
04/08/2026 | No | 2 | A | A | A | A | A | A | B | B | HI | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225241304 | [Redacted] | [Redacted] | 36031666 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-13): Waive per Client's guidance |
03/13/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | HI | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225241304 | [Redacted] | [Redacted] | 36031684 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-13): Waive per Client's guidance |
03/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | HI | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225241304 | [Redacted] | [Redacted] | 36031698 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Reviewer Comment (2026-04-08): Initial [redacted] Rate Lock received, exception cleared Buyer Comment (2026-04-06): Please see attached. |
04/08/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | HI | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225241304 | [Redacted] | [Redacted] | 36031721 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | Verbal or third-party verification of employment was not provided. | Reviewer Comment (2026-06-01): Received post closing VVOE dated [redacted]. Per guidelines, VVOE and WVOE should be no more than [redacted] business days prior to Note date OR any time after the Note date confirming borrower is currently employed. Buyer Comment (2026-05-28): This is a QM loan, post close VOE are permissible. Please clear condition. Reviewer Comment (2026-05-28): [redacted] party employment is dated [redacted] which is post close and required within [redacted] business days of closing. Exception remains. Buyer Comment (2026-05-26): Please see attached. Reviewer Comment (2026-05-14): Loan is already [redacted] QM. Buyer Comment (2026-05-12): Requesting that we redesignate this to [redacted]. Reviewer Comment (2026-04-08): VOE date is [redacted] which is not within [redacted]business days of closing. Exception remains. Buyer Comment (2026-04-06): Please see attached. |
06/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | HI | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225241635 | [Redacted] | [Redacted] | 36052033 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225241635 | [Redacted] | [Redacted] | 36052034 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225241635 | [Redacted] | [Redacted] | 36052121 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225241635 | [Redacted] | [Redacted] | 36052185 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | rate lock missing | Reviewer Comment (2026-03-30): Rate lock Agreement received & associated. Exception cleared. Buyer Comment (2026-03-26): locks upld |
03/30/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225245065 | [Redacted] | [Redacted] | 36039258 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing mortgage statement for second mortgage for REO property at [redacted] | Reviewer Comment (2026-03-26): Received Closing Disclosure and note for property [redacted], exception cleared Buyer Comment (2026-03-24): note/cd upld |
03/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||
| 225245065 | [Redacted] | [Redacted] | 36039265 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-20): AVM Provided |
07/20/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | |||||||||||||
| 225245065 | [Redacted] | [Redacted] | 36039267 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. | Reviewer Comment (2026-03-13): Waive per Client's guidance |
03/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | |||||||||||
| 225245065 | [Redacted] | [Redacted] | 37037820 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value supports the "Use for LTV" value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value supports the "Use for LTV" value | Reviewer Comment (2026-07-28): Client elects to waive.Per client, per [redacted] Guidelines only require one valuation product |
07/28/2026 | No | 2 | B | A | A | A | NY | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||||||||
| 225245172 | [Redacted] | [Redacted] | 36043203 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-20): AVM Provided |
07/20/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||||
| 225245172 | [Redacted] | [Redacted] | 36043210 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||
| 225245172 | [Redacted] | [Redacted] | 36043234 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage is getting paid off at the closing while property will still have taxes and insurance. Verification of these expenses was not located in the file | Reviewer Comment (2026-03-27): Taxes and insurance are escrowed under the primary mortgage, which is not in the borrower's name. The [redacted] mortgage, which is in the borrower's name, is being paid off. Escrow for taxes and insurance has been verified as paid by the non-borrower. Exception cleared Buyer Comment (2026-03-25): mortgage statement was provided on d[redacted], taxes and insurance are escrowed. |
03/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||
| 225245172 | [Redacted] | [Redacted] | 37028709 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | NY | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||||||
| 225246550 | [Redacted] | [Redacted] | 36044461 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-03): Client elects to waive. Buyer Comment (2026-04-01): Could you please clear this condition |
04/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225246550 | [Redacted] | [Redacted] | 36071119 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] Initial Rate Lock was not found in file. | Reviewer Comment (2026-03-30): [redacted] Initial Rate Lock received & associated. Exception cleared. Buyer Comment (2026-03-27): Please see attached |
03/30/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225250430 | [Redacted] | [Redacted] | 36044254 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225250430 | [Redacted] | [Redacted] | 36044271 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Data Discrepancy with DTI. Lender DTI [redacted] Review DTI [redacted]. The Bid tape is [redacted] as Review DTI of [redacted] matches 1008 DTI value of [redacted]. | Reviewer Comment (2026-05-22): Received revised 1008 with correct debt to income ratio and Bid tape value is corrected. Exception cleared. Buyer Comment (2026-05-21): Please review bid tape. We should match now. Reviewer Comment (2026-04-29): The bid tape DTI is [redacted]% however due diligence review and revised 1008 is [redacted]. An updated Bid tape for the DTI is required. Reviewer Comment (2026-04-29): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]%; [redacted] Qualifying Total Debt Ratio: [redacted]%. Buyer Comment (2026-04-28): Please see attached. Reviewer Comment (2026-04-09): Taxes and insurance are not included in the [redacted] mortgage payment. The P&I amount of $[redacted] represents principal and interest only. Exception Remains. Buyer Comment (2026-04-08): [redacted] condition. Please clear. |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225250430 | [Redacted] | [Redacted] | 36044299 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | [redacted] due to DTI discrepancy | Reviewer Comment (2026-05-22): Received revised 1008 with correct debt to income ratio and Bid tape value is corrected. Exception cleared. Buyer Comment (2026-05-21): [redacted] condition. Please clear. Reviewer Comment (2026-04-29): The bid tape DTI is [redacted]% however due diligence review and revised 1008 is [redacted]. An updated Bid tape for the DTI is required. Buyer Comment (2026-04-28): [redacted] condition. Please clear. Reviewer Comment (2026-04-09): Taxes and insurance are not included in the [redacted] mortgage payment. The P&I amount of $[redacted] represents principal and interest only. Exception Remains. Buyer Comment (2026-04-08): [redacted] condition. Please clear. |
05/22/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | IL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225250430 | [Redacted] | [Redacted] | 36044300 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Data Discrepancy with DTI. Lender DTI [redacted] % Review DTI [redacted]. The reason for the discrepancy is UTD as Review DTI of [redacted] matches 1008 DTI value of [redacted]. | Reviewer Comment (2026-05-22): Received revised 1008 with correct debt to income ratio and Bid tape value is corrected. Exception cleared. Buyer Comment (2026-05-21): [redacted] condition. Please clear. Reviewer Comment (2026-04-29): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: General QM: Based on the loan failing [redacted] or more guideline components, the loan is at QM risk. Reviewer Comment (2026-04-29): The bid tape DTI is [redacted]% however due diligence review and revised 1008 is [redacted]. An updated Bid tape for the DTI is required. Buyer Comment (2026-04-28): [redacted] condition. Please clear. Reviewer Comment (2026-04-09): Taxes and insurance are not included in the [redacted] mortgage payment. The P&I amount of $[redacted] represents principal and interest only. Exception Remains. Buyer Comment (2026-04-08): The taxes and insurance are paid through the [redacted] mortgage. Because of this, you all are double charging the borrower for taxes and insurance. Please correct, and this will clear the DTI issue. |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225250430 | [Redacted] | [Redacted] | 36044752 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] Initial rate lock not provided. | Reviewer Comment (2026-04-09): Rate lock received and associated. Exception cleared. Buyer Comment (2026-04-08): Please see attached. |
04/09/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225250440 | [Redacted] | [Redacted] | 36046619 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy | Reviewer Comment (2026-04-06): Final title policy received with coverage amount, exception cleared |
04/06/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||
| 225250440 | [Redacted] | [Redacted] | 36046669 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy amount of [redacted] is lower than the note amount of [redacted], resulting in a shortfall of [redacted]. | Reviewer Comment (2026-04-06): Final title policy received with coverage amount, exception cleared Buyer Comment (2026-04-03): final title upld |
04/06/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||
| 225250440 | [Redacted] | [Redacted] | 36046778 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||||
| 225250440 | [Redacted] | [Redacted] | 36046856 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Data being used in calculations. Income: [redacted]. Hazard [redacted]. Taxes [redacted]. P&I [redacted] Investment REO Negative Cash [redacted]. Credit Debt [redacted] | Reviewer Comment (2026-05-18): Bid tape was updated. Condition cleared. Reviewer Comment (2026-05-18): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]%; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]%. Buyer Comment (2026-05-14): please clear, the bid tape has been updated Reviewer Comment (2026-04-29): The discrepancy is in the bid tape that was provided to us when the loan was uploaded via the portal. To correct this, [redacted] would need to provide updated Bid tape for the DTI. Exception remains Buyer Comment (2026-04-28): please clear. Reviewer Comment (2026-04-15): Received lenders updated 1008 with a DTI of [redacted]%. The DD DTI is [redacted]%. The issue is the Bid Tape provided is [redacted]%. Lenders 1008 DTI and DD DTI are within tolerance. Please advise if lender wishes to clear condition. Buyer Comment (2026-04-14): revised 1008 upld |
05/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | |||||||||||
| 225250440 | [Redacted] | [Redacted] | 36046956 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-03-31): ok to waive |
03/31/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | Exempt from ATR | No | ||||||||||||
| 225250707 | [Redacted] | [Redacted] | 36048650 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 225250707 | [Redacted] | [Redacted] | 36048842 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage statement not provided. | Reviewer Comment (2026-03-31): Received Mortgage statement. Exception Cleared. Buyer Comment (2026-03-30): There is no mortgage statement for this loan yet, as indicated on the 1003, this is a new purchase (closed simultaneously with the subject transaction). Please see attached Final CD from the purchase of this property. |
03/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||
| 225250707 | [Redacted] | [Redacted] | 36048882 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||||
| 225251922 | [Redacted] | [Redacted] | 36047704 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-03-27): Client elects to waive. |
03/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225253895 | [Redacted] | [Redacted] | 36048720 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Verification, Statement, Tax Verification not provided. | Reviewer Comment (2026-03-26): Closing Disclosure document recieved and verified. Exception cleared. Buyer Comment (2026-03-25): please see attached reo cd for [redacted]. no mortgage statement available as loan just closed on [redacted]. HOI and Tax monthly amounts listed in escrow Sec [redacted]. |
03/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225253895 | [Redacted] | [Redacted] | 36048723 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult [redacted]for further instruction. | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225253895 | [Redacted] | [Redacted] | 36071815 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock is not found in the file. | Reviewer Comment (2026-03-26): Initial [redacted] Rate Lock received and verified. Exception cleared. Buyer Comment (2026-03-25): please see attached final lock |
03/26/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225254216 | [Redacted] | [Redacted] | 36054229 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Final title policy was not found in file. | Reviewer Comment (2026-04-01): Title Final Policy document received and verified. Exception cleared |
04/01/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225254216 | [Redacted] | [Redacted] | 36054245 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225254216 | [Redacted] | [Redacted] | 36054302 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted] Rate lock document missing in loan file. | Reviewer Comment (2026-04-01): Received initial [redacted] Rate lock document. Exception cleared. Buyer Comment (2026-03-30): lock upld |
04/01/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225254216 | [Redacted] | [Redacted] | 36071855 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Preliminary title policy does not reflect any coverage amount. | Reviewer Comment (2026-04-01): Title Final Policy document received and verified. Exception cleared. Buyer Comment (2026-03-31): final policy with correct insured amount upld |
04/01/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225256677 | [Redacted] | [Redacted] | 36052129 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225256677 | [Redacted] | [Redacted] | 36052141 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | MA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225256677 | [Redacted] | [Redacted] | 36052144 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 2 | A | A | A | A | A | A | B | B | MA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225256762 | [Redacted] | [Redacted] | 36051936 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 2 | A | A | A | A | A | A | B | B | NC | Primary | Refinance - Cash-out - Other | C | C | C | C | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225256762 | [Redacted] | [Redacted] | 36051939 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NC | Primary | Refinance - Cash-out - Other | C | C | C | C | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225256762 | [Redacted] | [Redacted] | 36051940 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Refinance - Cash-out - Other | C | C | C | C | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225256762 | [Redacted] | [Redacted] | 36072276 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approved to allow [redacted] mortgage lates on non-subject property. Condition for Max [redacted] LTV, [redacted] CLTV. ACH required. | Reviewer Comment (2026-03-16): Client elects to waive with compensating factors. |
03/16/2026 | No | 3 | C | C | C | C | C | C | C | C | C | C | NC | Primary | Refinance - Cash-out - Other | C | C | C | C | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225257388 | [Redacted] | [Redacted] | 36053182 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-16): Client elects to waive. |
03/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225257388 | [Redacted] | [Redacted] | 36053203 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by[redacted] Provide updated policy reflecting minimum coverage of [redacted] OR Provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2026-03-31): Dwelling amount covers the loan amount. Exception cleared. Buyer Comment (2026-03-27): : Please see Correspondence with insurance company in [redacted] showing the policy is verified to have [redacted]% replacement cost coverage. |
03/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225258210 | [Redacted] | [Redacted] | 36057139 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock document is not provided. | Reviewer Comment (2026-04-06): Received [redacted]Rate Lock document, Exception Cleared. Buyer Comment (2026-04-02): Please see attached. |
04/06/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225258210 | [Redacted] | [Redacted] | 36057159 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-03): Client elects to waive. Buyer Comment (2026-06-02): [redacted]. Please clear. |
06/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225258210 | [Redacted] | [Redacted] | 36057160 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-06): Client elects to waive. Buyer Comment (2026-04-02): Okay to waive per [redacted] |
04/06/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225258210 | [Redacted] | [Redacted] | 36057168 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-06): Client elects to waive Buyer Comment (2026-04-02): Okay to waive per [redacted] |
04/06/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225258210 | [Redacted] | [Redacted] | 36075711 | Credit | Income / Employment | Income Documentation | Income / Employment | Employment Error: Employment years in field not provided. | - | A minimum two-year history in the line of work prior to the gap must be documented. Documents in file do not show end date of previous employment for coborrower. | Reviewer Comment (2026-06-04): updated dates for gap in employment. Reviewer Comment (2026-06-04): Provided gap letter shows gap from [redacted] to [redacted] but which month of [redacted] . Borrower was hired on [redacted] and end date of [redacted] is missing. Please confirm the complete date or month of [redacted]. Buyer Comment (2026-06-02): Please see attached. Reviewer Comment (2026-04-06): Document doesnt state end date for previous employment or start and end date for gap of employment. Buyer Comment (2026-04-02): Please see attached. |
06/04/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225258210 | [Redacted] | [Redacted] | 36075720 | Credit | Income / Employment | Income Documentation | Income / Employment | Employment Error: Employment end date not provided. | - | A minimum two-year history in the line of work prior to the gap must be documented. Documents in file do not show end date of previous employment for coborrower. | Reviewer Comment (2026-06-04): updated dates for gap in employment. Reviewer Comment (2026-06-04): Provided gap letter shows gap from [redacted] to [redacted] but which month of [redacted] . Borrower was hired on [redacted] and end date of [redacted]is missing. Please confirm the complete date or month of [redacted]. Buyer Comment (2026-06-02): [redacted]. Please clear Reviewer Comment (2026-04-06): Document doesnt state end date for previous employment or start and end date for gap of employment. Buyer Comment (2026-04-02): Please see attached. |
06/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225258212 | [Redacted] | [Redacted] | 36058099 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation not required. | Reviewer Comment (2026-04-09): Client elects to waive. Buyer Comment (2026-04-07): Per guidelines AVM with Prop Condition Report is acceptable. |
04/09/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225258212 | [Redacted] | [Redacted] | 36058102 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Secondary valuation not required | Buyer Comment (2026-04-07): OK to waive per [redacted] |
04/07/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||||
| 225258212 | [Redacted] | [Redacted] | 36058107 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult [redacted] for further instruction. | Reviewer Comment (2026-04-09): Client elects to waive. Buyer Comment (2026-04-07): Please clarify what is needed or clear/cancel. |
04/09/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225258212 | [Redacted] | [Redacted] | 36076059 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | Twelve months housing payment history was not provided in file. | Reviewer Comment (2026-04-09): Received clarification/approval/documentation from lender. Condition cleared. Buyer Comment (2026-04-07): Borrower has only owned his current home for [redacted] months, that rating is on the credit report. Prior to that, he lived at [redacted]., the subject property however, he was not obligated on that mortgage as can be seen on the mortgage statement ([redacted]) |
04/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225258212 | [Redacted] | [Redacted] | 36261046 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-09): Client elects to waive. |
04/09/2026 | No | 2 | N/A | A | N/A | N/A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||||||||
| 225258282 | [Redacted] | [Redacted] | 36057643 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-13): Client elects to waive. Buyer Comment (2026-04-09): Please Waive/Cancel/Clear or identify if anything else is needed. |
04/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||||
| 225258282 | [Redacted] | [Redacted] | 36057645 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | PA | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | |||||||||||||
| 225258282 | [Redacted] | [Redacted] | 36057698 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date [redacted], Disbursement Date: [redacted] | Reviewer Comment (2026-04-30): Hazard policy received starting from [redacted]. Exception cleared Buyer Comment (2026-04-28): Please see previous and current HOI to confirm there was not a lapse of coverage. |
04/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | |||||||||||
| 225258330 | [Redacted] | [Redacted] | 36066318 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Subordinate financing is not permitted on the subject property. | Subordinate financing is not permitted. | Reviewer Comment (2026-04-07): As per guideline subordinate financing is eligible for this product. Exception Cleared. Buyer Comment (2026-04-03): Please explain. |
04/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | OR | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 225258330 | [Redacted] | [Redacted] | 36066319 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation is missing in file. | Buyer Comment (2026-04-03): Ok to waive per [redacted] |
04/03/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | OR | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 225258330 | [Redacted] | [Redacted] | 36066323 | Credit | Guideline | Guideline Issue | Guideline | Variance between diligence DSCR and bid tape DSCR does not meet [redacted] requirements. Variance is more than [redacted]. | Diligence DSCR: ___; Bid Tape DSCR: ___. |
Lender used a higher P&I value than [redacted] as stated in the mortgage statement. | Reviewer Comment (2026-04-15): Updated 1008 matching with [redacted] [redacted] Buyer Comment (2026-04-14): please see updated 1008/1003 and [redacted] worksheet. Reviewer Comment (2026-04-07): As per prior ([redacted]) mortgage statement, monthly payment is $[redacted] which includes Principal, Interest, Tax and Insurance. Tax and Insurance is separately updated as per document provided. Monthly Tax $[redacted] and Insurance $[redacted]. So Total PITIA is [redacted] mortgage PI ($[redacted]) + Subordinate lien ($[redacted]) + Tax ($[redacted]) + Insurance ($[redacted]) = [redacted]. Due to discrepancy in PITIA, [redacted] is not matching. Exception remains. As per provided, worksheet qualifying payment shows $[redacted]. Exception remains. Buyer Comment (2026-04-03): Please see attached updated 1008/1003. Please check [redacted] calculations as it appears your P&I of the [redacted] and [redacted] mortgages are incorrect. P &I on [redacted] - $[redacted] However [redacted] shows $[redacted]. Buyer Comment (2026-04-03): Please see attached updated 1008/1003. Please check [redacted] calculations as it appears your P&I of the [redacted] and [redacted] mortgages are incorrect. P &I on [redacted] - $[redacted] However [redacted] shows $[redacted]. |
04/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | OR | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 225258330 | [Redacted] | [Redacted] | 36066337 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Hazard Insurance Policy Effective Date ___; Disbursement Date: ___; Note Date: ___; Transaction Date: ___ | The homeowner's insurance declarations page in the file verified an effective date of [redacted] which is after the consummation date of [redacted]. Require a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation. | Reviewer Comment (2026-04-15): renewal policy for the period of [redacted] and a no [redacted] letter. This supports there was no lapse of coverage and no claims during the period of [redacted]. Buyer Comment (2026-04-14): See previous renewal policy for the period of and a no letter. This supports there was no lapse of coverage and no claims during the period of [redacted]. Buyer Comment (2026-04-14): See previous renewal policy for the period of please see updated 1008/1003 and [redacted] worksheet. and a no please see updated 1008/1003 and [redacted] worksheet. letter. This supports there was no lapse of coverage and no claims during the period of please see updated 1008/1003 and [redacted] worksheet.. |
04/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | OR | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| 225258330 | [Redacted] | [Redacted] | 36066344 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lease agreement for unit [redacted] is expired. Require renewal of lease agreement. | Reviewer Comment (2026-04-07): As per section [redacted] of the lease agreement shows if a new agreement is not signed the tenant will automatically become month to month. New lease is not required. Exception Cleared. Buyer Comment (2026-04-03): Please see section [redacted] of the lease that shows if a new agreement is not signed the tenant will automatically become month to month. |
04/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | OR | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 225258738 | [Redacted] | [Redacted] | 36065714 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-27): Client elects to waive. |
03/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225260899 | [Redacted] | [Redacted] | 36064910 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-27): Client elects to waive. |
03/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225263069 | [Redacted] | [Redacted] | 36070125 | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within [redacted] days of the Note Date. | Hazard Insurance Policy expires on [redacted]. Renewed hazard insurance policy is required. | Reviewer Comment (2026-04-09): Received renewal policy. Condition cleared. Buyer Comment (2026-04-09): Please see attached. |
04/09/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225263069 | [Redacted] | [Redacted] | 36070135 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-09): Client elects to waive. Buyer Comment (2026-04-09): Please clear condition. |
04/09/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225263069 | [Redacted] | [Redacted] | 36070138 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-09): Client elects to waive. Buyer Comment (2026-04-08): Please waive per [redacted] |
04/09/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||||
| 225263069 | [Redacted] | [Redacted] | 36070139 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-09): Client elects to waive. Buyer Comment (2026-04-08): Please waive per [redacted] |
04/09/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225263069 | [Redacted] | [Redacted] | 36070397 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI variance is due to taxes and insurance. Due Diligence taxes of [redacted] and Hazard Insurance of [redacted] totaling [redacted], compared to 1st lien escrow of [redacted]. | Reviewer Comment (2026-05-01): 1008 received matching DTI of [redacted]%. Buyer Comment (2026-04-29): Please see attached. Reviewer Comment (2026-04-09): Made changes using the rental income, however DTI remains a discrepancy. The lender has $[redacted] /mo in borrower's [redacted] housing however the application reflects borrower is living rent free. DD DTI is at [redacted]% and Lender DTI is [redacted]%. Reviewer Comment (2026-04-09): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]%; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]%. Buyer Comment (2026-04-08): Could you please review the DTI on this line item. There appears to be a negative amount of the [redacted] property. But we should that the monthly rents recieved are $[redacted]so we have a net monthly rental income of $[redacted]. Please review condition and income. |
05/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225263069 | [Redacted] | [Redacted] | 36070439 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | [redacted] due to DTI discrepancy. | Reviewer Comment (2026-05-01): 1008 received matching DTI of [redacted]%. Buyer Comment (2026-04-29): Please clear [redacted] condition. Reviewer Comment (2026-04-09): Made changes using the [redacted] income, however DTI remains a discrepancy. The lender has $[redacted]/mo in borrower's [redacted] housing however the application reflects borrower is living rent free. DD DTI is at [redacted]% and Lender DTI is [redacted]%. Buyer Comment (2026-04-09): Please clear [redacted] condition. |
05/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225263069 | [Redacted] | [Redacted] | 36073087 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] Initial Rate Lock was not found in file. | Reviewer Comment (2026-04-09): Rate lock provided and associated. Exception cleared Buyer Comment (2026-04-08): Please see attached. |
04/09/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225263125 | [Redacted] | [Redacted] | 36069356 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-13): Client elects to waive. Buyer Comment (2026-04-09): Please clear |
04/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225263125 | [Redacted] | [Redacted] | 36069358 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-13): Client elects to waive. Buyer Comment (2026-04-09): Please waive condition per [redacted]. |
04/13/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225263125 | [Redacted] | [Redacted] | 36069359 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-13): Client elects to waive. Buyer Comment (2026-04-09): Please waive condition per [redacted]. |
04/13/2026 | No | 2 | A | A | A | A | A | A | B | B | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225263207 | [Redacted] | [Redacted] | 36079421 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-28): Client elects to waive. Reviewer Comment (2026-04-16): Unable to waive proepty exception. [redacted] valuation is required. Buyer Comment (2026-04-14): Please waive per [redacted] |
04/28/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225263207 | [Redacted] | [Redacted] | 36079429 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-17): Client elects to waive. |
03/17/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225263207 | [Redacted] | [Redacted] | 36079635 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted] Rate Lock was not found in file. | Reviewer Comment (2026-04-16): Received Initial [redacted] Rate Lock. Exception Cleared. Buyer Comment (2026-04-14): Please see attached. |
04/16/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225264040 | [Redacted] | [Redacted] | 36076284 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-18): Client elects to waive. |
03/18/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225264040 | [Redacted] | [Redacted] | 36076816 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Provided Timely) | [redacted] Constitution Section [redacted]: Acknowledgment of the Fair Market Value not signed by borrower or lender at or before closing. | Notary date is [redacted] and acknowledgment of the Fair Market Value was signed on [redacted] by borrower. | Reviewer Comment (2026-05-07): Correction Affidavit for Security Instrument received in file and information corrected. Exception Cleared. Buyer Comment (2026-05-06): signed fair market value upld |
05/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225264040 | [Redacted] | [Redacted] | 36091304 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The note was signed on [redacted], however the notary date on the security instrument is [redacted]. Clarification and possible corrections may be required. | Reviewer Comment (2026-05-07): Correction Affidavit for Security Instrument received in file and information corrected. Exception Cleared. Buyer Comment (2026-05-06): recorded correction affidavit upld |
05/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225265073 | [Redacted] | [Redacted] | 36082317 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) | [redacted] Constitution Section [redacted]): Acknowledgment of the Fair Market Value not properly executed by the Lender. | Acknowledgment of the Fair Market Value not properly executed by lender. | Reviewer Comment (2026-04-03): Executed copy of [redacted] market value provided and associated. Exception cleared Buyer Comment (2026-04-02): signed form upld |
04/03/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | D | B | D | A | D | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225265073 | [Redacted] | [Redacted] | 36082318 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted]: Fannie Mae forms not used for closing of home equity loan. | [redacted] forms not used for closing of home equity loan. | Reviewer Comment (2026-04-06): Client elects to waive without compensating factors. Buyer Comment (2026-04-02): please cancel, the attorney prepares the docs for this loan program |
04/06/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | D | B | D | A | D | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| 225265073 | [Redacted] | [Redacted] | 36090929 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-06): [redacted] rate lock agreement received. Buyer Comment (2026-04-02): locks upld |
04/06/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | D | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225266263 | [Redacted] | [Redacted] | 36077641 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | The Hazard Insurance Policy Effective Date is after the later of the note date of [redacted]. | Reviewer Comment (2026-05-21): Received Hazard Insurance Policy effective [redacted]. Exception cleared. Buyer Comment (2026-05-19): Please see attached. Reviewer Comment (2026-03-25): Require Hazard insurance document which shows effective date on or prior to closing date [redacted] as available hazard insurance document shows effective date [redacted] which is after the closing date and not acceptable. Exception Remains. Buyer Comment (2026-03-23): Hazard insurance starting on page [redacted] shows effective dates of [redacted] - Please clear condition. |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225266263 | [Redacted] | [Redacted] | 36077644 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-20): Client elects to waive. Buyer Comment (2026-05-19): [redacted]. Please clear. |
05/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225267515 | [Redacted] | [Redacted] | 36083022 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-19): Client elects to waive. |
03/19/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225267705 | [Redacted] | [Redacted] | 36080875 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-19): Client elects to waive. |
03/19/2026 | No | 2 | A | A | A | A | A | A | B | B | MT | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225267705 | [Redacted] | [Redacted] | 36080876 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-19): Client elects to waive. |
03/19/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | MT | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 225267705 | [Redacted] | [Redacted] | 36080877 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-19): Client elects to waive. |
03/19/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MT | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225267705 | [Redacted] | [Redacted] | 36090129 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-03-31): Initial Rate lock received. Exception cleared. Buyer Comment (2026-03-30): Locks |
03/31/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | MT | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 225269245 | [Redacted] | [Redacted] | 36082231 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-19): Client elects to waive. |
03/19/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225269245 | [Redacted] | [Redacted] | 36090228 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] Rate Lock was not found in the file. | Reviewer Comment (2026-03-27): Received [redacted] Rate Lock. Exception Cleared. Buyer Comment (2026-03-25): Lock |
03/27/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225278884 | [Redacted] | [Redacted] | 36087786 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-04-01): Ok to waive per AM |
04/01/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225278884 | [Redacted] | [Redacted] | 36087819 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation is not required as AVM Value is supported. | Buyer Comment (2026-04-01): Ok to waive per AM |
04/01/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | IL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225278884 | [Redacted] | [Redacted] | 36087820 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation is not required as AVM Value is supported. | Buyer Comment (2026-04-01): Ok to waive per AM |
04/01/2026 | No | 2 | A | A | A | A | A | A | B | B | IL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225279365 | [Redacted] | [Redacted] | 36087978 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-20): Client elects to waive. |
03/20/2026 | No | 2 | A | A | A | A | A | A | B | B | GA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 225279365 | [Redacted] | [Redacted] | 36087979 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2026-03-20): Client elects to waive. |
03/20/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | GA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225279365 | [Redacted] | [Redacted] | 36087981 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-20): Client elects to waive. |
03/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225279940 | [Redacted] | [Redacted] | 36086255 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Waterfall exception due to lower 1st lien P&I used per mortgage statement. | Reviewer Comment (2026-04-21): Corrected 1008 received. Details verified and updated. Exception cleared. Buyer Comment (2026-04-17): Please see attached. |
04/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225279940 | [Redacted] | [Redacted] | 36086268 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | The file is missing a copy of the secondary valuation required for securitization purposes. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Documentation Type: [redacted] Disposable Income: $[redacted] |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-03-20): Client elects to waive. |
03/20/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| 225279940 | [Redacted] | [Redacted] | 36086269 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | The file is missing a copy of the secondary valuation required for securitization purposes. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Documentation Type: [redacted] Disposable Income: $[redacted] |
SitusAMC SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-03-20): AVM provided as a [redacted] valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]." |
03/20/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| 225279940 | [Redacted] | [Redacted] | 36086271 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-20): Client elects to waive. |
03/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225279940 | [Redacted] | [Redacted] | 36086309 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Initial Rate Lock was not provided | Reviewer Comment (2026-04-21): Initial [redacted] Rate Lock received. Exception cleared. Buyer Comment (2026-04-17): Please see attached. |
04/21/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225279940 | [Redacted] | [Redacted] | 36086317 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | [redacted] exception due to lower 1st lien P&I used per mortgage statement. | Reviewer Comment (2026-04-21): Corrected 1008 received. Details verified and updated. Exception cleared. Buyer Comment (2026-04-17): [redacted] condition. Please clear. |
04/21/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225279940 | [Redacted] | [Redacted] | 36086318 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | [redacted] exception due to lower 1st lien P&I used per mortgage statement. | Reviewer Comment (2026-04-21): Corrected 1008 received. Details verified and updated. Exception cleared. Buyer Comment (2026-04-17): [redacted] condition. Please clear. |
04/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225286394 | [Redacted] | [Redacted] | 36101502 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2026-04-01): Received Business Purpose Certificate. Exception cleared. Buyer Comment (2026-03-30): business purpose cert |
04/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| 225288767 | [Redacted] | [Redacted] | 36089800 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-20): Client elects to waive. |
03/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225288767 | [Redacted] | [Redacted] | 36089810 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | The final lender 1008 indicates the total DTI is [redacted] but the tape value DTI reflects [redacted]. [redacted] DTI calculation of [redacted] agrees with the lender's final provided 1008. | Reviewer Comment (2026-04-15): DTI [redacted]% Buyer Comment (2026-04-14): plesse clear, the bid tape was corrected. |
04/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225288767 | [Redacted] | [Redacted] | 36089884 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | [redacted] due to DTI discrepancy. | Reviewer Comment (2026-04-15): DTI matches Buyer Comment (2026-04-14): plesse clear, the bid tape was corrected. |
04/15/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225288767 | [Redacted] | [Redacted] | 36089885 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | [redacted] due to DTI discrepancy. | Reviewer Comment (2026-04-15): DTI matches Buyer Comment (2026-04-14): plesse clear, the bid tape was corrected. |
04/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225288767 | [Redacted] | [Redacted] | 36101880 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Note loan amount of [redacted] is less than Guideline minimum loan amount of [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Documentation Type: [redacted] Disposable Income: $[redacted] |
SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-04-08): Client elects to waive with [redacted] factors. Reviewer Comment (2026-04-08): Lender exception provided for loan amount of $[redacted] which is below the allowed minimum. Buyer Comment (2026-04-06): exception aprvl upld |
04/08/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | AZ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| 225291782 | [Redacted] | [Redacted] | 36094543 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-20): Client elects to waive. |
03/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225291782 | [Redacted] | [Redacted] | 36094561 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used. | Since the loan is not paying off a same lender mortgage, transaction is not considered a lender to lender refinance and H8 is required. | Reviewer Comment (2026-04-15): Received the required documentation. Condition cleared. Reviewer Comment (2026-04-08): Please provide [redacted] form with wet signature, Exception remains. Buyer Comment (2026-04-07): New RTC with borrower receipt |
04/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| 225293941 | [Redacted] | [Redacted] | 36093445 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2026-03-20): Client elects to waive. |
03/20/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225293941 | [Redacted] | [Redacted] | 36093450 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2026-03-20): Client elects to waive. |
03/20/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225293941 | [Redacted] | [Redacted] | 36093510 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-20): Client elects to waive. |
03/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225293943 | [Redacted] | [Redacted] | 36094790 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | MA | Primary | Refinance - Cash-out - Other | D | C | D | B | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225293943 | [Redacted] | [Redacted] | 36094792 | Credit | Guideline | Guideline Issue | Guideline | Guideline Issue: non-occupant co-borrower. | - (Require user to enter explanation) (Require user to enter explanation) |
As per 1008, exception approved for non-occupant borrowers. Missing exception request and approval form for the same. | Borrower has verified disposable income of at least $[redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Documentation Type: [redacted] Disposable Income: $[redacted] Combined Loan to Value: [redacted]% Guideline Maximum Combined Loan to Value: [redacted]% DTI: [redacted]% Guideline Maximum DTI: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-04-03): Lender Exception with Compensating Factors provided. Buyer Comment (2026-04-01): Exception |
04/03/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | MA | Primary | Refinance - Cash-out - Other | D | C | D | B | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| 225293943 | [Redacted] | [Redacted] | 36094796 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Data discrepancy with DTI. Lender DTI [redacted], Review DTI [redacted]. The reason for this discrepancy is due to lender considered PITIA from first mortgage instead of only principal and interest. Taxes and insurance for subject property was added twice. | Reviewer Comment (2026-04-03): updated 1008 received. Buyer Comment (2026-04-01): Corrected docs , DTI [redacted]% |
04/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | D | C | D | B | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225293943 | [Redacted] | [Redacted] | 36094798 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard insurance coverage of [redacted] (including extended coverage) does not cover the combined unpaid balance of first and second mortgage, a replacement cost estimator was not provided. | Reviewer Comment (2026-04-30): Cleared. Policy notes [redacted]% of replacement cost coverage. It does not note up to dewelling coverage. Buyer Comment (2026-04-29): Rebuttal as guides state we can use [redacted]% replacement cost Reviewer Comment (2026-04-03): The policy says it includes [redacted]% replacement cost coverage, adding additional [redacted]% to the dwelling coverage of $[redacted]gives a total coverage of $[redacted], which does not cover the new loan amount $[redacted]+ [redacted]lien balance of $[redacted]. The email from insurer states only that it has extended replacement coverage. As per guideline, the sum of the unpaid loan balances is the amount of coverage required. Buyer Comment (2026-04-01): Insurance provider response and [redacted] states replacement cost, ok as is Buyer Comment (2026-04-01): Insurance provider response and [redacted]states replacement cost, ok as is |
04/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | D | C | D | B | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225293943 | [Redacted] | [Redacted] | 36094811 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | File is missing the Initial [redacted] Rate Lock as required by the client's guidance. | Reviewer Comment (2026-04-09): Initial rate lock document received & updated. Exception cleared. Buyer Comment (2026-04-08): Lock |
04/09/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | MA | Primary | Refinance - Cash-out - Other | D | C | D | B | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225293943 | [Redacted] | [Redacted] | 36094813 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | [redacted] due to DTI discrepancy. Lender DTI [redacted], Review DTI [redacted]. The reason for this discrepancy is due to lender considered PITIA from first mortgage instead of only principal and interest. Taxes and insurance for subject property was added twice. | Reviewer Comment (2026-04-03): updated 1008 received. |
04/03/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | MA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | C | D | B | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225293943 | [Redacted] | [Redacted] | 36094814 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | [redacted] due to DTI discrepancy. Lender DTI [redacted], Review DTI [redacted]. The reason for this discrepancy is due to lender considered PITIA from first mortgage instead of only principal and interest. Taxes and insurance for subject property was added twice. | Reviewer Comment (2026-04-03): updated 1008 received. |
04/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | D | C | D | B | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225293943 | [Redacted] | [Redacted] | 36094823 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | D | C | D | B | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225293943 | [Redacted] | [Redacted] | 37035407 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value does not support the "Use for LTV" value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value does not support the "Use for LTV" value. | Reviewer Comment (2026-07-28): Client elects to waive. Per [redacted] Guidelines only require one valuation product |
07/28/2026 | No | 3 | C | A | A | A | MA | Primary | Refinance - Cash-out - Other | D | C | D | B | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225293943 | [Redacted] | [Redacted] | 37035408 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value does not support the "Use for LTV" value. | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | MA | Primary | Refinance - Cash-out - Other | D | C | D | B | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225295254 | [Redacted] | [Redacted] | 36102109 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Documentation Type: [redacted] Disposable Income: $[redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC Originator,SitusAMC SitusAMC SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225295254 | [Redacted] | [Redacted] | 36102110 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225295254 | [Redacted] | [Redacted] | 36102234 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate Lock Date not provided. | Reviewer Comment (2026-04-03): Rate Lock agreement received and associated. Exception Cleared. Buyer Comment (2026-04-02): lock |
04/03/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225295254 | [Redacted] | [Redacted] | 36105280 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Statement for second lien on REO property # [redacted] missing from file. | Reviewer Comment (2026-04-03): Mortgage Statement received in file for REO property and Same are associated. Exception Cleared. Buyer Comment (2026-04-02): Mortgage Statement |
04/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225295254 | [Redacted] | [Redacted] | 36115439 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Statement for second lien on REO property # [redacted] missing from file. | Reviewer Comment (2026-04-03): Mortgage Statement received in file for REO property and Same are associated. Exception Cleared. Buyer Comment (2026-04-02): See mortgage statement |
04/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225295254 | [Redacted] | [Redacted] | 36115455 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation mismatch due to statement for second lien on REO property # [redacted] missing from file. | Reviewer Comment (2026-04-03): Mortgage Statement received in file for REO property and Same are associated. Exception Cleared. Buyer Comment (2026-04-02): See mortgage statement |
04/03/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225295254 | [Redacted] | [Redacted] | 36115456 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Statement for second lien on REO property # [redacted] missing from file. | Reviewer Comment (2026-04-03): Mortgage Statement received in file for REO property and Same are associated. Exception Cleared. Buyer Comment (2026-04-02): See mortgage statement |
04/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225295254 | [Redacted] | [Redacted] | 36115457 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Statement for second lien on REO property # [redacted] missing from file. | Reviewer Comment (2026-04-03): Mortgage Statement received in file for REO property and Same are associated. Exception Cleared. Buyer Comment (2026-04-02): See mortgage statement |
04/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225295254 | [Redacted] | [Redacted] | 37035502 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM does not support the value used to qualify. | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | CA | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225295255 | [Redacted] | [Redacted] | 36095110 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225295255 | [Redacted] | [Redacted] | 36104893 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-02): [redacted] rate lock received & associated. Exception cleared. Buyer Comment (2026-03-31): There is only [redacted] lock on this file |
04/02/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | MA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225297931 | [Redacted] | [Redacted] | 36098508 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No secondary valuation was provided. | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225297931 | [Redacted] | [Redacted] | 36098514 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-03): Received required documentation. Condition cleared. Buyer Comment (2026-04-01): PCI |
04/03/2026 | No | 1 | A | A | A | A | A | A | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225297931 | [Redacted] | [Redacted] | 36098535 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction due to second lien. | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225297931 | [Redacted] | [Redacted] | 36098593 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate Lock not provided. | Reviewer Comment (2026-04-03): Received [redacted] Rate Lock document, Exception Cleared. Buyer Comment (2026-04-01): Initial and current locks |
04/03/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225297939 | [Redacted] | [Redacted] | 36099202 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #4 |
Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225298142 | [Redacted] | [Redacted] | 36101952 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225298142 | [Redacted] | [Redacted] | 36101957 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | GA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225298142 | [Redacted] | [Redacted] | 36101959 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-08): Client elects to waive. Buyer Comment (2026-04-06): please cancel condition, an avm and [redacted] were both provided [redacted] & [redacted] |
04/08/2026 | No | 2 | A | A | A | A | A | A | B | B | GA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225298142 | [Redacted] | [Redacted] | 36106782 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-07): Received [redacted] rate lock document, Exception cleared. Buyer Comment (2026-04-06): locks upld |
04/07/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | GA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225298142 | [Redacted] | [Redacted] | 36117490 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | File is missing the deed transferring the property to both borrowers. | Reviewer Comment (2026-06-29): Received Deed including co-borrower. Exception cleared. Buyer Comment (2026-06-26): deed adding co-bwr and [redacted] Reviewer Comment (2026-04-10): The provided deed document is available only in the name of the borrower, please provide co-borrower's deed document. Exception remains. Buyer Comment (2026-04-09): deed upld |
06/29/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | GA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225298154 | [Redacted] | [Redacted] | 36100856 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MT | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225298154 | [Redacted] | [Redacted] | 36106136 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-02): [redacted] rate lock received & associated. Exception cleared. Buyer Comment (2026-03-31): Locks |
04/02/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | MT | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225298253 | [Redacted] | [Redacted] | 36100373 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IN | Primary | Purchase | D | B | D | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225298253 | [Redacted] | [Redacted] | 36100379 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Buyer Comment (2026-03-24): OK to waive per [redacted] |
03/24/2026 | No | 2 | A | A | A | A | A | A | B | B | IN | Primary | Purchase | D | B | D | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225298253 | [Redacted] | [Redacted] | 36100631 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | [redacted] triggered due to DTI discrepancy between submitted and system-calculated values | Reviewer Comment (2026-03-27): Corrected 1008 received in file. Exception Cleared. Buyer Comment (2026-03-26): 1008 with updated primary P&I, DTI now [redacted] Reviewer Comment (2026-03-26): As per recent 1008 DTI is [redacted]% and Calculated DTI is [redacted]%. This is due to [redacted] lien P&I. Exception Remains. Buyer Comment (2026-03-25): sorry, here is the 1008 with the duplicate tax amount removed Reviewer Comment (2026-03-25): Received lenders updated 1008, however the DTI remains a discrepancy. DD DTI is at [redacted]%. Updated 1008 $[redacted]% and bid tape at [redacted]%. The discrepancy appears to be due to the borrower is counting the taxes and interest on the borrower's primary [redacted]. Buyer Comment (2026-03-24): please see attached 1008 with [redacted]% DTI |
03/27/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | IN | Primary | Purchase | Lender to provide updated ATR/QM status | D | B | D | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225298253 | [Redacted] | [Redacted] | 36100632 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | [redacted] triggered due to DTI discrepancy between submitted and system-calculated values | Reviewer Comment (2026-03-27): Corrected 1008 received in file. Exception Cleared. Buyer Comment (2026-03-26): 1008 with updated primary P&I, DTI now [redacted] Reviewer Comment (2026-03-26): As per recent 1008 DTI is [redacted]% and Calculated DTI is [redacted]%. This is due to [redacted] lien P&I. Exception Remains. Buyer Comment (2026-03-25): sorry, here is the 1008 with the duplicate tax amount removed. DTI [redacted]% Reviewer Comment (2026-03-25): Received lenders updated 1008, however the DTI remains a discrepancy. DD DTI is at [redacted]%. Updated 1008 $[redacted]% and bid tape at [redacted]%. The discrepancy appears to be due to the borrower is counting the taxes and interest on the borrower's primary [redacted]. Buyer Comment (2026-03-24): please see attached 1008 with [redacted]% DTI |
03/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Purchase | D | B | D | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225298253 | [Redacted] | [Redacted] | 36109356 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-03-25): Received rate lock. Cleared. Buyer Comment (2026-03-24): please see attached final Lock form |
03/25/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | IN | Primary | Purchase | D | B | D | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225298253 | [Redacted] | [Redacted] | 36109460 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI Discrepancy. Bid tape reflects [redacted], however DD DTI is [redacted]. The 1008 indicates the DTI is [redacted]., | Reviewer Comment (2026-03-27): Corrected 1008 received in file. Exception Cleared. Buyer Comment (2026-03-26): 1008 with updated primary P&I, DTI now [redacted] Reviewer Comment (2026-03-26): As per recent 1008 DTI is [redacted]% and Calculated DTI is [redacted]%. This is due to [redacted] lien P&I. Exception Remains. Buyer Comment (2026-03-25): sorry, here is the 1008 with the duplicate tax amount removed. DTI [redacted]% Reviewer Comment (2026-03-25): Received lenders updated 1008, however the DTI remains a discrepancy. DD DTI is at [redacted]%. Updated 1008 $[redacted]% and bid tape at [redacted]%. The discrepancy appears to be due to the borrower is counting the taxes and interest on the borrower's primary [redacted]. Buyer Comment (2026-03-24): please see attached 1008 with [redacted]% DTI |
03/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Purchase | D | B | D | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225298253 | [Redacted] | [Redacted] | 36117853 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note - Senior Lien not provided | File is missing the note for the 1st mortgage which is being assumed. | Reviewer Comment (2026-03-27): Sufficient documentation was provided. Condition cleared. Buyer Comment (2026-03-26): 1008 with updated primary P&I, DTI now [redacted] Buyer Comment (2026-03-25): sorry, here is the 1008 with the duplicate tax amount removed. DTI [redacted]% Reviewer Comment (2026-03-25): Received assumption consent statement. Cleared. Buyer Comment (2026-03-24): copy of executed assumption agreement Buyer Comment (2026-03-24): please see attached [redacted] Mtg CD |
03/27/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | IN | Primary | Purchase | D | B | D | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225298253 | [Redacted] | [Redacted] | 36117914 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan cannot be considered a simultaneous closing. The 1st mortgage was assumed. The first mortgage was taken out in [redacted]. This does not meet the lender 2nd mortgage guidelines. | Reviewer Comment (2026-03-30): Client transferred the loan review to signature expanded guides. Per lender guides section [redacted], assumable [redacted] mortgages are allowed. Condition cleared. Reviewer Comment (2026-03-27): The [redacted] mortgage closed with [redacted] underwritten to [redacted] guidelines. Unable to clear this exception as the way the loan closed does not meet [redacted]. Buyer Comment (2026-03-25): loan is no with [redacted] Reviewer Comment (2026-03-25): A prior loan was submitted with a similar situation. [redacted] will not accept a [redacted] combination financing with an assumed [redacted] mortgage. Condition remains. Buyer Comment (2026-03-24): copy of executed assumption agreement Buyer Comment (2026-03-24): please see attached [redacted] Mtg CD |
03/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Purchase | D | B | D | A | C | A | B | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225298739 | [Redacted] | [Redacted] | 36102942 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225298739 | [Redacted] | [Redacted] | 36109516 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in file. | Reviewer Comment (2026-04-02): [redacted] Initial Rate lock received and verified. Exception cleared. Buyer Comment (2026-03-31): Only [redacted] lock on this file |
04/02/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225319249 | [Redacted] | [Redacted] | 36104228 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | 2nd lien loan documentation for REO # [redacted] was not found in the file. | Reviewer Comment (2026-04-17): Received Loan Estimate. Exception Cleared. Buyer Comment (2026-04-15): The [redacted] DOT on the [redacted] property is a proposed mortgage with [redacted]. This loan has not yet closed however I have provided the LE showing the proposed loan amount and payment. |
04/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225319249 | [Redacted] | [Redacted] | 36104285 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225319249 | [Redacted] | [Redacted] | 36110232 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-17): Received [redacted] rate lock. Exception Cleared. Buyer Comment (2026-04-15): Please see attached rate lock. |
04/17/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225319249 | [Redacted] | [Redacted] | 36117256 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | 2nd lien loan documentation for REO # [redacted] was not found in the file. | Reviewer Comment (2026-04-17): Received Loan Estimate. Exception Cleared. Buyer Comment (2026-04-15): The [redacted] DOT on the [redacted] property is a proposed mortgage with [redacted]. This loan has not yet closed however I have provided the LE showing the proposed loan amount and payment. |
04/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225330682 | [Redacted] | [Redacted] | 36106316 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Initial Rate Lock Document not provided. | Reviewer Comment (2026-04-22): Received [redacted] Rate Lock document, Exception Cleared. Buyer Comment (2026-04-20): Please see attached. |
04/22/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225330682 | [Redacted] | [Redacted] | 36111065 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. | Reviewer Comment (2026-05-04): [redacted] Income, LES Considered as a Verification of employment. Exception cleared. |
05/04/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | SC | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225330682 | [Redacted] | [Redacted] | 36111066 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Based on the loan failing the income guideline components, the loan is at QM risk. | Reviewer Comment (2026-05-04): [redacted] Income, LES Considered as a Verification of employment. Exception cleared. |
05/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225330682 | [Redacted] | [Redacted] | 36111067 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | There are guideline deficiencies related to income doc requirements which could result in a risk to the borrower's ability to repay. | Reviewer Comment (2026-05-04): [redacted] Income, LES Considered as a Verification of employment. Exception cleared |
05/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225330682 | [Redacted] | [Redacted] | 36111101 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Income documentation requirements not met. | Reviewer Comment (2026-05-04): [redacted] Income, LES Considered as a Verification of employment. Exception cleared. |
05/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225330682 | [Redacted] | [Redacted] | 36111102 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | This file was missing a copy of VVOE. Per guidelines, Verbal Verification of Employment VVOE completed within [redacted] days of closing must be provided. | Reviewer Comment (2026-05-04): [redacted] Income, LES Considered as a Verification of employment. Exception cleared. Buyer Comment (2026-05-01): This client is in the [redacted]. The [redacted] is what is used for all verifications per guidelines. Please clear condition. Reviewer Comment (2026-04-22): Require Borrower VVOE document within the [redacted] business days from the closing date, as provided paystub will not suffice the exception. Exception Remains. Buyer Comment (2026-04-20): Please see attached. This should suffice to clear condition. |
05/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225330682 | [Redacted] | [Redacted] | 36111104 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | This file was missing a copy of VVOE. Per guidelines, Verbal Verification of Employment VVOE completed within [redacted] days of closing must be provided. | Reviewer Comment (2026-05-04): [redacted] Income, LES Considered as a Verification of employment. Exception cleared. |
05/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225330791 | [Redacted] | [Redacted] | 36110097 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225330791 | [Redacted] | [Redacted] | 36110101 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225330791 | [Redacted] | [Redacted] | 36110112 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225330791 | [Redacted] | [Redacted] | 36110128 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Data Discrepancy with DTI. Lender DTI [redacted] Review DTI [redacted]. The reason for the discrepancy is Lender used P&I of [redacted] for first lien which includes escrow payment, however statement verifies first lien P&I is [redacted]. | Reviewer Comment (2026-04-21): Updated 1008 document received and verified in loan file. Exception cleared. Buyer Comment (2026-04-17): Please see updated 1008 |
04/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225330791 | [Redacted] | [Redacted] | 36110231 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Data Discrepancy with DTI. Lender DTI [redacted] Review DTI [redacted]. The reason for the discrepancy is Lender used P&I of [redacted] for first lien which includes escrow payment, however statement verifies first lien P&I is [redacted]. | Reviewer Comment (2026-04-21): Updated 1008 document received and verified in loan file. Exception cleared. Buyer Comment (2026-04-17): [redacted] condition. Please clear |
04/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225330791 | [Redacted] | [Redacted] | 36110789 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-21): [redacted] rate lock document received and verified. Exception cleared. Buyer Comment (2026-04-17): Please see attached. |
04/21/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225330792 | [Redacted] | [Redacted] | 36109325 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225330792 | [Redacted] | [Redacted] | 36109357 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | Verification(s) of employment is not within [redacted] business days of the Note | Reviewer Comment (2026-05-21): Received pre-close WVOE and post close VVOE. Condition cleared. Buyer Comment (2026-05-19): please clear, the initial voe provided on [redacted] confirms the start date of [redacted], the post close voe email is confirmation from the date of closing on [redacted] to the date of verification on [redacted]. Reviewer Comment (2026-05-14): An email from the employer stating that he borrower is stil employed has been provided however the required VVOE(post-closing) that confirms the dates of employment and the current employment status is not located in the file.Borrower's application states that he has been employed since [redacted] but the email does not reflect this date. Buyer Comment (2026-05-12): rebuttal upld Reviewer Comment (2026-05-07): Original testing is [redacted] ([redacted]). A VVOE that confirms dates of employment and employment satus is required. Buyer Comment (2026-05-05): please re-designate to Safe Harbor QM Reviewer Comment (2026-04-09): Received document for verbal verification of employment is post dated [redacted]. VVOE within [redacted] business days of Note date [redacted] is required. Exception remains. Buyer Comment (2026-04-08): Final voe upld |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225330792 | [Redacted] | [Redacted] | 36110674 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | [redacted] due to missing VOE within [redacted] days of Note date. | Reviewer Comment (2026-05-21): Received pre-close WVOE and post close VVOE. Condition cleared. Buyer Comment (2026-05-19): please clear, the initial voe provided on [redacted] confirms the start date of [redacted], the post close voe email is confirmation from the date of closing on [redacted] to the date of verification on [redacted]. Reviewer Comment (2026-05-14): An email from the employer stating that he borrower is stil employed has been provided however the required VVOE(post-closing) that confirms the dates of employment and the current employment status is not located in the file.Borrower's application states that he has been employed since [redacted] but the email does not reflect this date. Buyer Comment (2026-05-12): rebuttal upld to trl docs Reviewer Comment (2026-05-07): Original testing is [redacted] ([redacted]). A VVOE that confirms dates of employment and employment satus is required. Buyer Comment (2026-05-05): please re-designate to [redacted] Reviewer Comment (2026-04-09): Received document for verbal verification of employment is post dated [redacted]. VVOE within [redacted] business days of Note date [redacted] is required. Exception remains. Buyer Comment (2026-04-08): final voe upld |
05/21/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | IL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225330792 | [Redacted] | [Redacted] | 36110675 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | VOE within [redacted] days of Note date was not found in the file. | Reviewer Comment (2026-05-21): Received VVOE. Condition cleared. Buyer Comment (2026-05-19): please clear, the initial voe provided on [redacted] confirms the start date of [redacted], the post close voe email is confirmation from the date of closing on [redacted] to the date of verification on [redacted]. Reviewer Comment (2026-05-14): An email from the employer stating that he borrower is stil employed has been provided however the required VVOE(post-closing) that confirms the dates of employment and the current employment status is not located in the file.Borrower's application states that he has been employed since [redacted] but the email does not reflect this date. Buyer Comment (2026-05-12): rebuttal upld to trl docs Reviewer Comment (2026-05-07): Original testing is [redacted] ([redacted]). A VVOE that confirms dates of employment and employment satus is required. Buyer Comment (2026-05-05): please re-designate to [redacted] Reviewer Comment (2026-04-09): Received document for verbal verification of employment is post dated [redacted]. VVOE within [redacted] business days of Note date [redacted] is required. Exception remains. Buyer Comment (2026-04-08): final voe upld |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225330792 | [Redacted] | [Redacted] | 36110711 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | VOE withing [redacted] days of note date was not found in the file. | Reviewer Comment (2026-05-21): Received VVOE. Condition cleared. Buyer Comment (2026-05-19): please clear, the initial voe provided on [redacted] confirms the start date of [redacted], the post close voe email is confirmation from the date of closing on [redacted] to the date of verification on [redacted]. Reviewer Comment (2026-05-14): An email from the employer stating that he borrower is stil employed has been provided however the required VVOE(post-closing) that confirms the dates of employment and the current employment status is not located in the file.Borrower's application states that he has been employed since [redacted] but the email does not reflect this date. Buyer Comment (2026-05-12): rebuttal upld to trl docs Reviewer Comment (2026-05-07): Original testing is [redacted] ([redacted]). A VVOE that confirms dates of employment and employment satus is required. Buyer Comment (2026-05-05): please re-designate to [redacted] Reviewer Comment (2026-04-09): Received document for verbal verification of employment is post dated [redacted]. VVOE within [redacted] business days of Note date [redacted] is required. Exception remains. Buyer Comment (2026-04-08): final voe upld |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225330792 | [Redacted] | [Redacted] | 36110720 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | VOE dated within [redacted] days of note date. | Reviewer Comment (2026-05-21): Received pre-close WVOE and post close VVOE. Condition cleared. Buyer Comment (2026-05-19): please clear, the initial voe provided on [redacted] confirms the start date of [redacted], the post close voe email is confirmation from the date of closing on [redacted] to the date of verification on [redacted]. Reviewer Comment (2026-05-14): An email from the employer stating that he borrower is stil employed has been provided however the required VVOE(post-closing) that confirms the dates of employment and the current employment status is not located in the file.Borrower's application states that he has been employed since [redacted] but the email does not reflect this date. Buyer Comment (2026-05-12): rebuttal upld to trl docs Reviewer Comment (2026-05-07): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: General [redacted] : Based on the loan failing [redacted] or [redacted] guideline components, the loan is at QM risk. Reviewer Comment (2026-05-07): Original testing is [redacted] ([redacted]). A VVOE that confirms dates of employment and employment satus is required. Buyer Comment (2026-05-05): please re-designate to [redacted] Reviewer Comment (2026-04-09): Received document for verbal verification of employment is post dated [redacted]. VVOE within [redacted] business days of Note date [redacted] is required. Exception remains. Buyer Comment (2026-04-08): final voe upld |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225331045 | [Redacted] | [Redacted] | 36105596 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-24): Client elects to waive. |
03/24/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225331045 | [Redacted] | [Redacted] | 36105625 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-24): Client elects to waive. |
03/24/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | VA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225331045 | [Redacted] | [Redacted] | 36105629 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B | Reviewer Comment (2026-04-17): Client elects to waive Buyer Comment (2026-04-15): Per Program guidelines for [redacted] from an approved vendor with a confidence score of >=.[redacted] and [redacted] deviation (FSD) <=.[redacted] is acceptable |
04/17/2026 | No | 2 | A | A | A | A | A | A | B | B | VA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225331045 | [Redacted] | [Redacted] | 36123248 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | There are several judgments on title, #[redacted]. Evidence is required these have been paid and satisfied/released. | Reviewer Comment (2026-04-17): As per Judgement affidavit Judgement [redacted] does not belongs to borrower. And also as per title this judgement will not reflects on final Title policy. Exception Cleared. Buyer Comment (2026-04-15): Please see attached affidavit where borrower [redacted] the named party is not [redacted] and the [redacted] person named in the judgements and the email from title stating the judgments would not be reflected on the final title. |
04/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225331479 | [Redacted] | [Redacted] | 36113362 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-23): Client elects to waive. |
03/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225331479 | [Redacted] | [Redacted] | 36114701 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] Rate Lock was not found in the file. | Reviewer Comment (2026-03-31): Cleared. Received rate lock Buyer Comment (2026-03-27): Lock |
03/31/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | VA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225335371 | [Redacted] | [Redacted] | 36116391 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-02): [redacted] Initial Rate lock received and verified. Exception cleared. Buyer Comment (2026-03-31): [redacted] Initial and current lock |
04/02/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | NJ | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225335373 | [Redacted] | [Redacted] | 36117484 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Final title policy was not found in file. | Reviewer Comment (2026-04-09): Final title received. |
04/09/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | |||||||||||
| 225335373 | [Redacted] | [Redacted] | 36117487 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Preliminary title policy amount is blank. | Reviewer Comment (2026-04-09): Final title received. Buyer Comment (2026-04-07): final policy upld |
04/09/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | |||||||||||
| 225335373 | [Redacted] | [Redacted] | 36117846 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted] Rate Lock was not found in file. | Reviewer Comment (2026-04-09): Rate lock received. Buyer Comment (2026-04-07): locks upld |
04/09/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | |||||||||||
| 225337682 | [Redacted] | [Redacted] | 36122796 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-03-24): client elects to waive |
03/24/2026 | No | 2 | A | A | A | A | A | A | B | B | NC | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225337682 | [Redacted] | [Redacted] | 36123788 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM provided. No secondary valuation was provided. | Reviewer Comment (2026-03-24): client elects to waive |
03/24/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NC | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225337682 | [Redacted] | [Redacted] | 36124422 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [redacted] Provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2026-04-06): Replacement cost estimator received. Buyer Comment (2026-04-02): [redacted] from agent that goes with the rce upld Reviewer Comment (2026-03-30): There is no property address unable to verify replacement cost of which property. Require replacement cost estimator document. Buyer Comment (2026-03-27): estimator is on [redacted] |
04/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225345304 | [Redacted] | [Redacted] | 36142418 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-25): Client elects to waive. |
03/25/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225345305 | [Redacted] | [Redacted] | 36129448 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225345305 | [Redacted] | [Redacted] | 36133256 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Verbal verification of employment is required within [redacted] business days from the note date. | Reviewer Comment (2026-05-08): Received post-closing VVOE. Buyer Comment (2026-05-06): Please see attached post close VVOE. Please designate the loan as QM and see attached VVOE. Post close VVOE is acceptable for QM designations Reviewer Comment (2026-04-20): Co-borrower verbal verification of employment is not within [redacted] business date and marked verification as missing, due to income document is missing QM failure is there, require VVOE within [redacted] business days. |
05/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225345305 | [Redacted] | [Redacted] | 36139274 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Based on the loan failing the income guideline components, the loan is at QM risk. | Reviewer Comment (2026-05-08): Received post-closing VVOE Buyer Comment (2026-05-06): Please see attached post close VVOE. Please designate the loan as QM and see attached VVOE. Post close VVOE is acceptable for QM designations Reviewer Comment (2026-04-20): Co-borrower verbal verification of employment is not within [redacted] business date and marked verification as missing, due to income document is missing QM failure is there, require VVOE within [redacted] business days. Buyer Comment (2026-04-16): Please clarify what is triggering this exception as our [redacted] shows [redacted] ([redacted]) |
05/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225345305 | [Redacted] | [Redacted] | 36139275 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) [redacted] Cash-out Loan (T-42 Endorsement Not Obtained) | [redacted]Constitution Section [redacted]: Acceptable FNMA title insurance endorsements not obtained for home equity loan. The loan file does not evidence the Title Policy includes the [redacted][redacted] endorsement or the[redacted] endorsement. (The loan is a [redacted] Section [redacted] home equity loan.) | The loan file does not evidence the Title Policy includes the [redacted][redacted]endorsement or the [redacted] endorsement. | Reviewer Comment (2026-04-20): Title commitment shows policy includes [redacted] T-[redacted]and T-[redacted] both. Buyer Comment (2026-04-16): Please see item [redacted] ([redacted] page of report) of the title commitment |
04/20/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| 225345305 | [Redacted] | [Redacted] | 36139277 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) [redacted] Cash-out Loan (The lender/Assignee cannot conclusively rely on the Value reflected on the Acknowledgement of Fair Market Value as it does not match the appraised value) | [redacted]Constitution Section [redacted]: The lender/Assignee cannot conclusively rely on the Value on Acknowledgement of Fair Market Value as it does not match the appraised value. | The lender/Assignee cannot conclusively rely on the Value on Acknowledgement of Fair Market Value as it does not match the appraised value. | Buyer Comment (2026-05-05): OK to waive |
05/05/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225345305 | [Redacted] | [Redacted] | 36139278 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted]: [redacted] forms not used for closing of home equity loan. | [redacted] forms not used for closing of home equity loan. | Buyer Comment (2026-04-16): OK to waive per [redacted] |
04/16/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| 225345305 | [Redacted] | [Redacted] | 36139280 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Points and Fees Exceeds 2% of Original Principal Balance) | [redacted] Constitution Section [redacted]: Points and fees on subject loan of [redacted] is in excess of the allowable maximum of [redacted] of the Original Principal Loan Amount. Points and Fees total [redacted] on an Original Principal Loan Amount of [redacted] vs. an allowable total of [redacted] (an overage of [redacted] or [redacted].) | Reviewer Comment (2026-06-10): Cure documentation received. Buyer Comment (2026-06-08): Please see attached Cure check, PCCD, cover letter and proof [redacted] delivered. Reviewer Comment (2026-05-07): [redacted] Admin Code §[redacted] provides that the fee for a title examination report may not be excluded from the [redacted] percent limitation if the equity loan is covered by a mortgagee policy of title insurance. In other words, if there is both a title insurance fee and title examination fee, only the title insurance fee may be excluded from the [redacted]% test. The CD reflects both a title insurance fee (which is being excluded) and a title examination fee (which is not being excluded due to the presence of the title insurance fee). [redacted] Admin Code §[redacted] Exclusion for Title Examination Report Fee. A fee for a title examination report is not a fee subject to the [redacted] percent limitation if its cost is less than the state base premium for a mortgagee policy of title insurance without endorsements established in accordance with [redacted] law. [redacted] The excludable fee must be less than the applicable basic premium rate for title insurance published by the [redacted] Department of Insurance, not including any additional premiums for endorsements. (B) The fee for a title examination report may not be excluded from the [redacted] percent limitation if the equity loan is covered by a mortgagee policy of title insurance . (C) The fee must comply with applicable law. If the equity loan is a [redacted] mortgage loan under [redacted] Finance Code, Chapter [redacted] , then the fee is limited to a reasonable fee for a title examination and preparation of an abstract of title by an attorney who is not an employee of the lender, or a title company or property search company authorized to do business in this state, as provided by [redacted][redacted]. Reviewer Comment (2026-05-07): Client: The title examination fee should still be excluded from the [redacted] Section [redacted] points and fees calculation, as it is a bona fide [redacted]-party charge that is reasonable and customary for the transaction. While the investor cites [redacted] Administrative Code Rule [redacted] in stating that a title examination fee is only excludable when no separate title insurance is charged, that interpretation is overly restrictive. The rule distinguishes between duplicative or embedded charges and [redacted] standalone services. In this case, the title examination fee represents a separate and necessary service that is not duplicative of the title insurance premium. Title insurance and title examination are distinct functions: • Title insurance provides indemnity against defects in title. • Title examination involves the review and verification of the chain of title and is a required step in issuing the policy. As such, the title examination fee is not a duplicative charge but a component of the overall title process, and its exclusion from the [redacted]% cap remains appropriate when the fee is bona fide, reasonable, and not retained by the lender. Given this, the inclusion of the title examination fee in the points and fees calculation is not appropriate, and when properly excluded, the loan complies with the [redacted] % limitation. We respectfully request reconsideration of this condition based on the above. Reviewer Comment (2026-04-20): A title examination report fee is excludable from [redacted] Equity points and fees only if there is +not +separate title insurance and the fee meets the requirements of [redacted] Admin Code Title [redacted], Part [redacted], Rule [redacted]. The subject loan included a fee for title insurance, therefore the title exam fee was not considered for exclusion under Rule [redacted]. Buyer Comment (2026-04-16): Per deal notes, Title Examination fees should not be included in the [redacted]% fees |
06/10/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | Refund the borrower, or credit their account, an amount equal to any overcharge paid by the borrower. (Provide Proof of Delivery, LOE, and Copy of Check. [A servicing screen print can be provided in place of a check when a credit is applied to the borrowers account.]) | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||
| 225345305 | [Redacted] | [Redacted] | 36139290 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan Designation Mismatch due to missing VVOE for Co Borrower. | Reviewer Comment (2026-05-08): Received post-closing VVOE Buyer Comment (2026-05-06): Please see attached post close VVOE. Please designate the loan as QM and see attached VVOE. Post close VVOE is acceptable for QM designations Reviewer Comment (2026-04-20): Co-borrower verbal verification of employment is not within [redacted] business date and marked verification as missing, due to income document is missing QM failure is there, require VVOE within [redacted] business days. Buyer Comment (2026-04-16): Please clarify what is triggering this exception as our [redacted] shows [redacted] |
05/08/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225345305 | [Redacted] | [Redacted] | 36140399 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Completed Loan Application Not Provided At Least 1 Business Day Prior to Closing) | [redacted] Constitution Section [redacted]: [redacted] Cash-out Loan. Borrower was not provided copy of Application [redacted] day prior to closing. | Reviewer Comment (2026-04-20): Final 1003 provided in the file. Buyer Comment (2026-04-16): Please see [redacted] & [redacted] showing the borrowers received and acknowledged the final application on [redacted]. |
04/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | D | B | C | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||
| 225345306 | [Redacted] | [Redacted] | 36142439 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-25): Client elects to waive. |
03/25/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225345306 | [Redacted] | [Redacted] | 36142440 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. AVM provided . The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | WA | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225345306 | [Redacted] | [Redacted] | 36142441 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-25): Client elects to waive. |
03/25/2026 | No | 2 | A | A | A | A | A | A | B | B | WA | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225345306 | [Redacted] | [Redacted] | 36146622 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used. | Since the loan is not paying off a same lender mortgage, transaction is not considered a lender to lender refinance and [redacted] is required. | Reviewer Comment (2026-05-26): Received updated RTC, delivered to borrower on [redacted], [redacted] business days expired on [redacted]. Exception cleared. Buyer Comment (2026-05-22): rtc and proof of delivery upld Reviewer Comment (2026-05-13): The new [redacted] was delivered to the borrower on [redacted]. The new rescission expiration date must be at least [redacted]-business days from when consumer receives the new rescission notice. The rescission expiration date on the new notice is [redacted], which is not [redacted] business days from [redacted]. With borrower receipt on [redacted], the expiration date should have reflected [redacted]. The exception can be cured with a Letter of Explanation, Re-open Rescission using the correct model form and proof of delivery. They will need to ensure that the new rescission expiration date is at least [redacted]-business days from when consumer receives the new rescission notice. Buyer Comment (2026-05-11): rtc docs upld Reviewer Comment (2026-04-20): Loan transaction did not pay off a lender to lender mortgage. The original lender on the [redacted] would not be considered in a situation like this. The [redacted] form was used, however the [redacted] form should have been used. Please provide the corrected [redacted] with a new rescission period (does not need to be signed), letter to borrower explaining the issue and the mailing label. Borrower must receive the Corrected package at least [redacted] business days prior to the new expiration date on the corrected [redacted]. Buyer Comment (2026-04-16): please cancel title commitment on [redacted] reflects [redacted] as original creditor on schedule [redacted]. |
05/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225345306 | [Redacted] | [Redacted] | 37035717 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. [redacted]AVM's with the same Model Name were entered. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. [redacted] AVM's with the same Model Name were entered. Only [redacted] AVM is being considered | Reviewer Comment (2026-07-24): Additional [redacted] AVM provided in trailing docs. |
07/24/2026 | No | 1 | A | A | A | A | A | WA | Primary | Refinance - Cash-out - Other | D | B | A | A | C | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 225345325 | [Redacted] | [Redacted] | 36142520 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is equal to or greater than the threshold of APOR [redacted]. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2026-04-22): Proof of appraisal delivery received. Exception cleared. Buyer Comment (2026-04-21): APR is change is less than .[redacted]. Please clear condition. |
04/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 225345325 | [Redacted] | [Redacted] | 36142521 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Reviewer Comment (2026-04-22): Proof of appraisal delivery received. Exception cleared. Buyer Comment (2026-04-21): [redacted] condition. Please clear. |
04/22/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | PA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 225345325 | [Redacted] | [Redacted] | 36142522 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [redacted][redacted]) business days prior to consummation. | Reviewer Comment (2026-04-22): Proof of appraisal delivery received. Exception cleared. Buyer Comment (2026-04-21): Please see attached. At the top of the document you will see that the client esigned as proof of recipt on [redacted] |
04/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| 225352660 | [Redacted] | [Redacted] | 36143427 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-25): Client elects to waive. |
03/25/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||||
| 225352660 | [Redacted] | [Redacted] | 36143435 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-04-07): Ok to waive |
04/07/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||||
| 225352660 | [Redacted] | [Redacted] | 36143436 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-25): Client elects to waive. |
03/25/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225355672 | [Redacted] | [Redacted] | 36143408 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Debt to income ratio difference due to lender qualified first lien payment [redacted] which does not match with the [redacted] note first payment amount of [redacted] hence variance in the DTI. | Reviewer Comment (2026-05-22): Received updated documentation from lender. Condition cleared. Buyer Comment (2026-05-20): bid tape has been corrected, please clear Reviewer Comment (2026-04-29): The discrepancy is in the bid tape that was provided to us when the loan was uploaded via the portal. To correct this, [redacted] would need to provide updated Bid tape for the DTI. Exception Remains. Buyer Comment (2026-04-28): final revised [redacted]with credit debt corrected upld, dti is [redacted]% Reviewer Comment (2026-04-21): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]%; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]%. Reviewer Comment (2026-04-14): The calculated DTI differs from the lender's qualified DTI due to the difference in the credit debt amount. Calculated Credit debt is $[redacted]& the lender considered $[redacted]. Exception remains. Buyer Comment (2026-04-13): revised [redacted]with corrected [redacted] lien p&i upld Reviewer Comment (2026-04-13): DTI mismatch due to P&I amount for the primary lien was considered for DTI calculation is $[redacted]& the P&I calculated from CD & Note is $[redacted]. Exception remains. Buyer Comment (2026-04-10): revised [redacted]upld |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225355672 | [Redacted] | [Redacted] | 36143409 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-25): Client elects to waive. |
03/25/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Purchase | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225355672 | [Redacted] | [Redacted] | 36143410 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-25): Client elects to waive. |
03/25/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | AZ | Primary | Purchase | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225355672 | [Redacted] | [Redacted] | 36143411 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-25): Client elects to waive. |
03/25/2026 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Purchase | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225355672 | [Redacted] | [Redacted] | 36143458 | Credit | Income | Income Error | Income | Income document is missing the document date and/or tax year. | - | Provided gap letter does not have document date. | Reviewer Comment (2026-04-14): Document date updated for Gap letter. Exception cleared. Buyer Comment (2026-04-13): rebuttal and title email confirming date letter was generated and signed. |
04/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225355672 | [Redacted] | [Redacted] | 36143468 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to debt to income ratio difference due to lender qualified first lien payment $[redacted] which does not match with the first lien note first payment amount of [redacted] hence variance in the DTI. | Reviewer Comment (2026-05-22): Received updated documentation from lender. Condition cleared. Buyer Comment (2026-05-20): bid tape has been corrected, please clear Reviewer Comment (2026-04-29): The discrepancy is in the bid tape that was provided to us when the loan was uploaded via the portal. To correct this, [redacted] would need to provide updated Bid tape for the DTI. Exception Remains. Buyer Comment (2026-04-28): final revised [redacted]with credit debt corrected upld to trl docs, dti is [redacted]% Reviewer Comment (2026-04-14): The calculated DTI differs from the lender's qualified DTI due to the difference in the credit debt amount. Calculated Credit debt is $[redacted] & the lender considered $[redacted]. Exception remains. Buyer Comment (2026-04-13): revised [redacted]with corrected [redacted]lien p&i upld to trl docs |
05/22/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Purchase | Lender to provide updated ATR/QM status | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225355672 | [Redacted] | [Redacted] | 36143469 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | [redacted] due to debt to income ratio difference due to lender qualified first lien payment [redacted] which does not match with the first lien note first payment amount of [redacted] hence variance in the DTI. | Reviewer Comment (2026-05-22): Received updated documentation from lender. Condition cleared. Reviewer Comment (2026-05-22): EXCEPTION HISTORY - Exception Detail was updated on[redacted] PRIOR Exception Detail: General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. Buyer Comment (2026-05-20): bid tape has been corrected, please clear Reviewer Comment (2026-04-29): The discrepancy is in the bid tape that was provided to us when the loan was uploaded via the portal. To correct this, [redacted] would need to provide updated Bid tape for the DTI. Exception Remains. Buyer Comment (2026-04-28): final revised [redacted]with credit debt corrected upld to trl docs, dti is [redacted]% Reviewer Comment (2026-04-14): The calculated DTI differs from the lender's qualified DTI due to the difference in the credit debt amount. Calculated Credit debt is $[redacted]& the lender considered $[redacted]. Exception remains. Buyer Comment (2026-04-13): revised [redacted]with corrected [redacted]lien p&i upld to trl docs |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225355672 | [Redacted] | [Redacted] | 36147401 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note - Senior Lien not provided | Unable to verify the prior loan amount. Per [redacted], borrower is assuming an existing VA mortgage. Per GS guidelines, this does not qualify for a simultaneous [redacted] purchase money transaction. Loan does not meet lender guides. | Reviewer Comment (2026-04-13): Note & closing disclosure received for primary lien Exception cleared. Buyer Comment (2026-04-10): senior loan note and assumption docs upld |
04/13/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | AZ | Primary | Purchase | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225355672 | [Redacted] | [Redacted] | 36315255 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy - LTV | Reviewer Comment (2026-04-21): Corrections made. Reviewer Comment (2026-04-21): Purchase price was reduced. Correction made. condition cleared. |
04/21/2026 | No | 1 | A | A | A | A | A | AZ | Primary | Purchase | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225356020 | [Redacted] | [Redacted] | 36152114 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-04-07): OK to waive per AM |
04/07/2026 | No | 2 | A | A | A | A | A | A | B | B | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225356020 | [Redacted] | [Redacted] | 36152115 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-04-07): OK to waive per AM |
04/07/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225356020 | [Redacted] | [Redacted] | 36152116 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-04-07): OK to waive per AM |
04/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225356027 | [Redacted] | [Redacted] | 36156298 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy Coverage is less than Original Loan Amount by [redacted] | Reviewer Comment (2026-04-02): Title policy amount updated from supplemental report. Exception cleared. Buyer Comment (2026-04-01): supplement |
04/02/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225356027 | [Redacted] | [Redacted] | 36156299 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-26): Client elects to waive. |
03/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225356027 | [Redacted] | [Redacted] | 36159185 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | A lender exception approval is noted on the [redacted]however the exception approval document is not located inthe file. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-04-03): Client elects to waive with compensating factors. Reviewer Comment (2026-04-03): Lender exception approval to pay off a previously charged off [redacted] lien with [redacted] Buyer Comment (2026-04-01): exception |
04/03/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 225356043 | [Redacted] | [Redacted] | 36148393 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | "AVM provided as a primary valuation on a [redacted]. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-03-26): waived |
03/26/2026 | No | 2 | A | A | A | A | A | A | B | B | MA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225356043 | [Redacted] | [Redacted] | 36148396 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-26): waived |
03/26/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | MA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225356043 | [Redacted] | [Redacted] | 36148411 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Disclosed Amount Financed [redacted], Calculated Amount Financed [redacted], Variances of [redacted]. | Reviewer Comment (2026-04-13): [redacted] received lender attestation that fee not life of loan Buyer Comment (2026-04-10): Tax cert fee is one time only ands should be in section H |
04/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225356043 | [Redacted] | [Redacted] | 36148412 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of [redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of [redacted] which exceeds the [redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Disclosed Amount Financed [redacted], Calculated Amount Financed [redacted], Variances of [redacted]. | Reviewer Comment (2026-04-13): [redacted] received lender attestation that fee not life of loan Buyer Comment (2026-04-10): See PCCD with letter and escrow response |
04/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225361027 | [Redacted] | [Redacted] | 36152471 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-26): Client elects to waive. |
03/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225361027 | [Redacted] | [Redacted] | 36152472 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-04-15): OK to waive per [redacted] |
04/15/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 225361689 | [Redacted] | [Redacted] | 36154652 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is not provided. | Reviewer Comment (2026-04-09): E-Sign Consent Agreement associated. Exception cleared. Buyer Comment (2026-04-08): proof econsent accepted upld |
04/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225361689 | [Redacted] | [Redacted] | 36154699 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-03-26): Client elects to waive. |
03/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225361689 | [Redacted] | [Redacted] | 36154851 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No secondary appraisal or hybrid interior appraisal required | Reviewer Comment (2026-03-26): Client elects to waive. |
03/26/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225361689 | [Redacted] | [Redacted] | 36154853 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No secondary appraisal or hybrid interior appraisal required | Reviewer Comment (2026-03-26): Client elects to waive. |
03/26/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225361689 | [Redacted] | [Redacted] | 36315324 | Credit | Missing Document | General | Missing Document | Document "Loan Underwriting and Transmittal Summary ([redacted]) / [redacted]" is missing. | Missing corrected [redacted]. | Reviewer Comment (2026-04-22): Received updated [redacted]. Condition cleared. Buyer Comment (2026-04-22): revised[redacted] upld Reviewer Comment (2026-04-21): Reviewed all trailing docs, however the updated [redacted]was not located. Buyer Comment (2026-04-21): rebuttal and revised [redacted] |
04/22/2026 | No | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225363711 | [Redacted] | [Redacted] | 36156220 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | C | D | A | A | A | D | C | Non QM | Exempt from ATR | No | |||||||||||||
| 225363711 | [Redacted] | [Redacted] | 36156223 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-03-26): Client elects to waive. |
03/26/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | D | C | D | A | A | A | D | C | Non QM | Exempt from ATR | No | |||||||||||
| 225363711 | [Redacted] | [Redacted] | 36158706 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-09): Initial Rate Lock Agreement received and associated. Exception Cleared. Buyer Comment (2026-04-08): please disregard previous lock uploaded it was the wrong file, correct lock upld Buyer Comment (2026-04-08): lock upld |
04/09/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | C | D | A | A | A | D | C | Non QM | Exempt from ATR | No | |||||||||||
| 225363711 | [Redacted] | [Redacted] | 37035828 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM does not support the value used to qualify. | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | NY | Investment | Refinance - Cash-out - Other | D | C | D | A | A | A | D | C | Non QM | Exempt from ATR | No | ||||||||||||||||
| 225373294 | [Redacted] | [Redacted] | 36166558 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-27): Client elects to waive. |
03/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225373294 | [Redacted] | [Redacted] | 36166599 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-03-27): Client elects to waive. |
03/27/2026 | No | 2 | A | A | A | A | A | A | B | B | MI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225373294 | [Redacted] | [Redacted] | 36166610 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-27): Client elects to waive. |
03/27/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | MI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225380950 | [Redacted] | [Redacted] | 36175160 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-13): Client elects to waive. Buyer Comment (2026-04-10): Please clear condition. |
04/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225380950 | [Redacted] | [Redacted] | 36175226 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | VVOE is missing in file for borrower. | Reviewer Comment (2026-05-21): Verification of employment received, exception cleared. Buyer Comment (2026-05-19): Please see attached. Reviewer Comment (2026-04-13): Provided is the internet search page, require third party verification/ verbal verification of employment within [redacted] business day of the note date. Buyer Comment (2026-04-10): Please see attached showing where the [redacted] was uploaded [redacted]days prior to closing to our system. Please clear condition. |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225380950 | [Redacted] | [Redacted] | 36177571 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted] Rate Lock was provided in file. | Reviewer Comment (2026-04-13): Initial [redacted] Rate Lock agreement received. Buyer Comment (2026-04-10): Please see attached. |
04/13/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225380951 | [Redacted] | [Redacted] | 36169748 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-27): Client elects to waive. |
03/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 225380951 | [Redacted] | [Redacted] | 36169755 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date | Reviewer Comment (2026-03-27): Client elects to waive. |
03/27/2026 | No | 2 | A | A | A | A | A | A | B | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | ||||||||||||
| 225380951 | [Redacted] | [Redacted] | 36170910 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing a signed/dated close out letter for the Heloc paid at closing. | Reviewer Comment (2026-05-14): Received close out letter. Exception Cleared. Buyer Comment (2026-05-12): Please see attached letter from [redacted] confirming account has been closed |
05/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | A | A | B | B | N/A | Exempt from ATR | No | |||||||||||
| 225380952 | [Redacted] | [Redacted] | 36169152 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-27): Client elects to waive. |
03/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225380952 | [Redacted] | [Redacted] | 36170071 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted] Rate Lock was not found in file. | Reviewer Comment (2026-04-14): Received rate lock document. Exception cleared. Buyer Comment (2026-04-10): Lock |
04/14/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225380954 | [Redacted] | [Redacted] | 36169560 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. | Reviewer Comment (2026-04-13): Client elects to waive. Buyer Comment (2026-04-10): Please clear condition. |
04/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MD | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225380954 | [Redacted] | [Redacted] | 36169577 | Credit | Guideline | Guideline Issue | Guideline | Refi Purpose reflects Rate/Term and cash out greater than the lesser of [redacted] of the loan amount or [redacted]. | Refi Purpose reflects Rate/Term and cash out greater than the lesser of [redacted] of the loan amount or [redacted] | Reviewer Comment (2026-04-13): CD updated, borrower has to bring cash at closing. Buyer Comment (2026-04-10): Please see attached. The borrower did not receive any cash to close. The borrower had to bring money to closing. Please clear condition. |
04/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225380957 | [Redacted] | [Redacted] | 36171459 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-22): Client elects to waive. Buyer Comment (2026-04-21): Please clear/cancel/waive |
04/22/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225380957 | [Redacted] | [Redacted] | 36176927 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted] Rate Lock was not provided in file. | Reviewer Comment (2026-04-23): Received [redacted] Rate Lock document, Exception Cleared. Buyer Comment (2026-04-21): Please see attached rate lock |
04/23/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | NY | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225381570 | [Redacted] | [Redacted] | 36169564 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | UT | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | |||||||||||||
| 225381570 | [Redacted] | [Redacted] | 36169575 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | The final lender 1008 indicates the total DTI is [redacted] but the tape value DTI reflects [redacted]. DTI calculation of [redacted] agrees with the lender's final provided 1008. | Reviewer Comment (2026-05-04): Calculated DTI is matching with the Bid Tape DTI. Exception cleared Buyer Comment (2026-05-01): Please see attached[redacted]matching Bid Tape which is slightly different than your figures but within tolerance. Buyer Comment (2026-05-01): Please see attached [redacted]matching Bid Tape which is slightly different than your figures but within tolerance. Reviewer Comment (2026-04-23): Mortgage statement received of subject property shows $[redacted]as P&I of first lien and after capturing the P&I, DTI has come to [redacted]% which is matching with the bid tape data but [redacted] shows DTI of [redacted]%, please provide updated [redacted]matching with the DTI. Buyer Comment (2026-04-21): Please review the payment on the [redacted] mortgage. It appears that the payment you are using of $[redacted] is the payment for the property at [redacted]. The payment on the [redacted]for the subject property is $[redacted] (includes escrows). I didn't see the mortgage statement for that account so I have uploaded for your review. |
05/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | |||||||||||
| 225381570 | [Redacted] | [Redacted] | 36169638 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | DTI does not meet [redacted]requirements. Variance is more than [redacted] | Reviewer Comment (2026-05-04): Calculated DTI is matching with the Bid Tape DTI. Exception cleared Buyer Comment (2026-05-01): Please see attached [redacted] matching Bid Tape which is slightly different than your figures but within tolerance. Reviewer Comment (2026-04-23): Mortgage statement received of subject property shows $[redacted] as P&I of first lien and after capturing the P&I, DTI has come to [redacted]% which is matching with the bid tape data but [redacted]shows DTI of [redacted]%, please provide updated [redacted]matching with the DTI. Buyer Comment (2026-04-21): Please review the payment on the [redacted] mortgage. It appears that the payment you are using of $[redacted] is the payment for the property at [redacted]. The payment on the [redacted]for the subject property is $[redacted](includes escrows). I didn't see the mortgage statement for that account so I have uploaded for your review. |
05/04/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | UT | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | D | B | C | A | C | A | D | B | Non QM | Non QM | Yes | |||||||||
| 225381570 | [Redacted] | [Redacted] | 36169639 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | DTI does not meet [redacted] requirements. Variance is more than [redacted] | Reviewer Comment (2026-05-04): Calculated DTI is matching with the Bid Tape DTI. Exception cleared Buyer Comment (2026-05-01): Please see attached[redacted] matching Bid Tape which is slightly different than your figures but within tolerance. Reviewer Comment (2026-04-23): Mortgage statement received of subject property shows $[redacted]as P&I of first lien and after capturing the P&I, DTI has come to [redacted]% which is matching with the bid tape data but [redacted]shows DTI of [redacted]%, please provide updated [redacted]matching with the DTI. Buyer Comment (2026-04-21): Please review the payment on the [redacted] mortgage. It appears that the payment you are using of $[redacted]is the payment for the property at [redacted]. The payment on the [redacted]for the subject property is $[redacted](includes escrows). I didn't see the mortgage statement for that account so I have uploaded for your review. |
05/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | ||||||||||
| 225381570 | [Redacted] | [Redacted] | 37035877 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value supports the "Use for LTV" value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value supports the "Use for LTV" value. | Reviewer Comment (2026-07-28): Client elects to waive. Per client, per [redacted] Guidelines only require one valuation product |
07/28/2026 | No | 2 | B | A | A | A | UT | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | ||||||||||||||||
| 225381647 | [Redacted] | [Redacted] | 36174460 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI discrepancy due to Lender utilizing a higher first mortgage P&I than reflected in source document. | Reviewer Comment (2026-04-21): Received updated [redacted]. Buyer Comment (2026-04-17): Please see updated [redacted] to match. |
04/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225381647 | [Redacted] | [Redacted] | 36174467 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | [redacted] due to DTI discrepancy. | Reviewer Comment (2026-04-21): Received updated [redacted]. Buyer Comment (2026-04-17): Please clear waterfall cond. |
04/21/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CT | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225381647 | [Redacted] | [Redacted] | 36174468 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | ATR failure due to DTI discrepancy. | Reviewer Comment (2026-04-21): Received updated [redacted]. Buyer Comment (2026-04-17): Please clear waterfall cond. |
04/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225381647 | [Redacted] | [Redacted] | 36178015 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted] Rate Lock was not found in file. | Reviewer Comment (2026-04-21): Rate lock received. Buyer Comment (2026-04-17): Please see attached. |
04/21/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CT | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225381835 | [Redacted] | [Redacted] | 36178387 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted] Rate Lock was found in file. | Reviewer Comment (2026-04-23): Received [redacted] initial Rate Lock document. Exception cleared. Buyer Comment (2026-04-21): Please see attached Rate Lock |
04/23/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | AZ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225381835 | [Redacted] | [Redacted] | 36178595 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI discrepancy due to Lender utilizing a higher first mortgage P&I than reflected in source document. | Reviewer Comment (2026-04-23): Received updated [redacted]. DTI is matching and within the tolerance. Exception cleared. Buyer Comment (2026-04-21): Please see updated [redacted] |
04/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225381835 | [Redacted] | [Redacted] | 36178613 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | ATR failure due to DTI discrepancy | Reviewer Comment (2026-04-23): Received updated [redacted]. DTI is matching and within the tolerance. Exception cleared. Buyer Comment (2026-04-21): Please see updated [redacted] |
04/23/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | AZ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225381835 | [Redacted] | [Redacted] | 36178614 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | [redacted] due to DTI discrepancy. | Reviewer Comment (2026-04-23): Received updated [redacted]. DTI is matching and within the tolerance. Exception cleared. Buyer Comment (2026-04-21): Please see updated [redacted] |
04/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225387902 | [Redacted] | [Redacted] | 36175175 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-31): Client elects to waive. |
03/31/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | UT | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225387902 | [Redacted] | [Redacted] | 36175176 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-31): Client elects to waive. |
03/31/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225388891 | [Redacted] | [Redacted] | 36174820 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-31): Client elects to waive. |
03/31/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225388891 | [Redacted] | [Redacted] | 36174821 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-05-27): CDA received. Buyer Comment (2026-05-26): Please see attached. Reviewer Comment (2026-04-15): Unable to waive property exception. CU score provided is [redacted]. Buyer Comment (2026-04-14): Please waive per CNR |
05/27/2026 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225388891 | [Redacted] | [Redacted] | 36174830 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Missing a Rate Lock Agreement signed by Borrower. | Reviewer Comment (2026-04-15): Received rate lock Buyer Comment (2026-04-14): Please see attached. |
04/15/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225388891 | [Redacted] | [Redacted] | 36174872 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | The subordinate is P&I is $[redacted]. not $[redacted] as disclosed. | Reviewer Comment (2026-06-11): Received updated documentation from lender. Condition cleared. Reviewer Comment (2026-05-21): Exception will be re-reviewed upon receipt of the updated bid tape. Buyer Comment (2026-05-19): Please review updated bid tape to clear condition. Reviewer Comment (2026-04-15): The bid tape DTI [redacted]% however due diligence is [redacted]%. An updated Bid tape for the DTI is required. Reviewer Comment (2026-04-15): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]%; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]%. Buyer Comment (2026-04-14): Please see updated [redacted]to clear condition. |
06/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225388891 | [Redacted] | [Redacted] | 36174879 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. | Reviewer Comment (2026-06-11): Received updated documentation from lender. Condition cleared. Reviewer Comment (2026-05-21): Exception will be re-reviewed upon receipt of the updated bid tape. Buyer Comment (2026-05-19): Waterfall. Please clear Reviewer Comment (2026-04-15): The bid tape DTI [redacted]% however due diligence is [redacted]%. An updated Bid tape for the DTI is required. Buyer Comment (2026-04-14): Please clear condition. |
06/11/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225388891 | [Redacted] | [Redacted] | 36174880 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | This exception will be cleared once all QM specific exceptions have been cured/cleared. | Reviewer Comment (2026-06-11): Received updated documentation from lender. Condition cleared. Reviewer Comment (2026-06-11): EXCEPTION HISTORY - Exception Detail was updated on [redacted]PRIOR Exception Detail: General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. Reviewer Comment (2026-05-21): Exception will be re-reviewed upon receipt of the updated bid tape. Buyer Comment (2026-05-19): Waterfall. Please clear Reviewer Comment (2026-04-15): The bid tape DTI [redacted]% however due diligence is [redacted]%. An updated Bid tape for the DTI is required. Buyer Comment (2026-04-14): Please clear waterfall conditition. |
06/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225388892 | [Redacted] | [Redacted] | 36175551 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note - Senior Lien not provided | Note - Senior Lien is missing in file. In addition, missing the final closing disclosure for the 1st mortgage. | Reviewer Comment (2026-04-13): Received Note and Closing Disclosure of First Lien, information validated. Exception cleared. Buyer Comment (2026-04-10): note/cd upld |
04/13/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Purchase | D | A | D | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225388892 | [Redacted] | [Redacted] | 36175554 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | The appraisal provided is dated prior to the application date which indicates appraisal was ordered for a different loan. | Buyer Comment (2026-04-10): ok to waive |
04/10/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Purchase | D | A | D | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225388892 | [Redacted] | [Redacted] | 36175872 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Reviewer Comment (2026-04-13): Received [redacted]Rate Lock document, Exception Cleared. Buyer Comment (2026-04-10): lock upld |
04/13/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | D | A | D | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225388892 | [Redacted] | [Redacted] | 36179902 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | File is missing [redacted] Rate lock | Reviewer Comment (2026-04-13): Received [redacted]Rate Lock document, Exception Cleared. Buyer Comment (2026-04-10): lock was upld to trailing docs |
04/13/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Primary | Purchase | D | A | D | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225388892 | [Redacted] | [Redacted] | 36193134 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | The Deed is missing supporting the transfer to the borrowers. | Reviewer Comment (2026-04-13): Received Deeds / Warranty / Grant / Quit-Claim document, Exception Cleared. Buyer Comment (2026-04-10): grant deed upld |
04/13/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Purchase | D | A | D | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225388892 | [Redacted] | [Redacted] | 36193412 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - Wages | General QM: Unable to verity income due to, missing W-2, Paystub, LES, ETS or WVOE. | Reviewer Comment (2026-04-14): Received employment gap letter. Buyer Comment (2026-04-10): employment contract and confirmation email upld, bwr start date was[redacted] |
04/14/2026 | No | 1 | A | A | A | A | A | CA | Primary | Purchase | D | A | D | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225388892 | [Redacted] | [Redacted] | 36193419 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Unable to verity income due to, missing W-2, Paystub, LES, ETS or WVOE. | Reviewer Comment (2026-04-29): Updated [redacted]provided. Buyer Comment (2026-04-28): revised[redacted] upld to trl docs/ dti is [redacted]% Reviewer Comment (2026-04-14): DTI Discrepancy in file due to first mortgage P&I mismatch as per available note & Cd document P&I $[redacted]however [redacted]& Final [redacted] Reviewer Comment (2026-04-14): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of[redacted] does not match Due Diligence Loan Designation of QM ([redacted]) Fail. Buyer Comment (2026-04-10): employment contract and confirmation email upld to trl docs bwr start date was[redacted] |
04/29/2026 | No | 1 | A | A | A | A | A | CA | Primary | Purchase | Lender to provide updated ATR/QM status | D | A | D | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||||||
| 225388892 | [Redacted] | [Redacted] | 36271957 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI Discrepancy in file due to first mortgage P&I mismatch as per available note & Cd document P&I [redacted] however 1008 & Final 1003 [redacted] Diligence Investor Qualifying Total Debt Ratio: [redacted]; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]. |
Reviewer Comment (2026-04-29): Updated [redacted]DTI [redacted]% Buyer Comment (2026-04-28): revised[redacted] upld / dti is [redacted]% |
04/29/2026 | No | 1 | A | A | A | A | A | CA | Primary | Purchase | D | A | D | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 225388892 | [Redacted] | [Redacted] | 36271970 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | DTI Discrepancy in file due to first mortgage P&I mismatch as per available note & Cd document P&I [redacted] however 1008 & Final 1003 [redacted] Diligence Investor Qualifying Total Debt Ratio: [redacted]; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]. |
Reviewer Comment (2026-04-29): Updated [redacted]provided. Reviewer Comment (2026-04-29): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. Buyer Comment (2026-04-28): revised[redacted] upld to trl docs/ dti is [redacted]% |
04/29/2026 | No | 1 | A | A | A | A | A | CA | Primary | Purchase | D | A | D | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 225403573 | [Redacted] | [Redacted] | 36198645 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-04-23): Client elects to waive. Buyer Comment (2026-04-23): Per [redacted] Guidelines for Stand Alone [redacted]loans up to $[redacted]an AVM with an acceptable confidence score >= .[redacted] and FSD < .[redacted]is acceptable. |
04/23/2026 | No | 2 | A | A | A | A | A | A | B | B | OR | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225403573 | [Redacted] | [Redacted] | 36198646 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-04-23): ok to waive per [redacted] |
04/23/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | OR | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225403573 | [Redacted] | [Redacted] | 36198647 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-23): Client elects to waive. |
04/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OR | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225403573 | [Redacted] | [Redacted] | 36198650 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted] is over disclosed by [redacted] compared to the calculated Amount Financed of [redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Final Closing Disclosure provided on [redacted] disclosed Amount Financed in the amount of [redacted] which is over disclosed by [redacted] compared to the calculated Amount Financed of [redacted] and the disclosed Finance Charge is not accurate within applicable tolerances. | Reviewer Comment (2026-05-27): [redacted]received PCCD, LOE, Copy of Refund Check, Re-opening of Rescission and Proof of Receipt. Buyer Comment (2026-05-26): PCCD, Cure check, Cover letter, [redacted], proof [redacted]delivered package along with verification that the PCCD was emailed to the borrower prior to sending out the [redacted] Buyer Comment (2026-05-26): PCCD, Cure check, Cover letter, [redacted], proof [redacted] delivered package along with verification that the PCCD was emailed to the borrower prior to sending out the [redacted] Reviewer Comment (2026-04-29): [redacted]consulted with Outside Counsel and received guidance that as Loan [redacted] Report is not inclusively a credit report and contains services that are not excludable under [redacted]or other sections under [redacted], fee should be included in Finance Charge calculations. On this loan underdisclosure totaled $[redacted]for the Loan Safe report $[redacted]and the Tax Return Verification $[redacted]. Corrected CD, LOE to borrower, copy of cure refund for total underdisclosrue, proof of mailing and proof of reopening of rescission to all consumers is required. For additional information, even if Land Safe Report fee would have been excluded this loan still exceeded the $[redacted]threshold, as it is a rescindable transaction. Reviewer Comment (2026-04-27): [redacted]is further analyzing Loan [redacted]Report fee to determine if finance charge. Will update once determination made. Buyer Comment (2026-04-23): : $[redacted]is a Credit Report fee and should not be included as a financed charge. Verification of Tax returns for $[redacted]should have been included as a financed charge on our end however was not. Please updated your review/testing after removing Loan Save Report fees of $[redacted]in financed fees before I send to client and reopen recission as I thought the tolerance is $[redacted]which we will be under after the correction of the [redacted] Report. |
05/27/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | OR | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225403573 | [Redacted] | [Redacted] | 36198651 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of [redacted] is under disclosed by [redacted] compared to the calculated Finance Charge of [redacted] which exceeds the [redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of [redacted] is under disclosed by [redacted] compared to the calculated Finance Charge of [redacted] which exceeds the [redacted] threshold | Reviewer Comment (2026-05-27): [redacted]received PCCD, LOE, Copy of Refund Check, Re-opening of Rescission and Proof of Receipt. Buyer Comment (2026-05-26): Please see attached PCCD, Cure check, Cover letter, [redacted], proof [redacted]delivered package along with verification that the PCCD was emailed to the borrower prior to sending out the [redacted] Reviewer Comment (2026-04-29): [redacted]consulted with Outside Counsel and received guidance that as Loan Safe Report is not inclusively a credit report and contains services that are not excludable under [redacted] or other sections under [redacted], fee should be included in Finance Charge calculations. On this loan underdisclosure totaled $[redacted]for the Loan Safe report $[redacted]and the Tax Return Verification $[redacted]. Corrected CD, LOE to borrower, copy of cure refund for total underdisclosrue, proof of mailing and proof of reopening of rescission to all consumers is required. For additional information, even if Land Safe Report fee would have been excluded this loan still exceeded the $[redacted]threshold, as it is a rescindable transaction. Reviewer Comment (2026-04-27): [redacted]is further analyzing Loan [redacted]Report fee to determine if finance charge. Will update once determination made. Buyer Comment (2026-04-23): Loan Safe Report $[redacted]is a Credit Report fee and should not be included as a financed charge. Verification of Tax returns for $[redacted]should have been included as a financed charge on our end however was not. Please updated your review/testing after removing Loan Save Report fees of $[redacted]in financed fees before I send to client and reopen recission as I thought the tolerance is $[redacted](not $[redacted]) which we will be under after the correction of the Loan Safe Report. |
05/27/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | OR | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225403573 | [Redacted] | [Redacted] | 36202671 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-29): Received rate lock document. Exception cleared. Buyer Comment (2026-04-27): Please see attached rate lock |
04/29/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | OR | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225403852 | [Redacted] | [Redacted] | 36193509 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Replacement cost estimator is required to cover the insurance coverage shortfall of [redacted]. | Reviewer Comment (2026-04-24): Received Replacement cost estimator , exception cleared Buyer Comment (2026-04-23): Please see updated HOI in [redacted]and RCE in[redacted] |
04/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | D | A | D | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225403852 | [Redacted] | [Redacted] | 36193538 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-31): Client elects to waive. |
03/31/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MO | Primary | Refinance - Cash-out - Other | D | A | D | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225403852 | [Redacted] | [Redacted] | 36193881 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Reviewer Comment (2026-04-24): Received Rate Lock, exception cleared Buyer Comment (2026-04-23): Please see attached rate lock |
04/24/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | MO | Primary | Refinance - Cash-out - Other | D | A | D | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225403852 | [Redacted] | [Redacted] | 36194415 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted] Rate Lock was not found in file. | Reviewer Comment (2026-04-24): Received Rate Lock, exception cleared Buyer Comment (2026-04-23): Please see attached rate lock |
04/24/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | MO | Primary | Refinance - Cash-out - Other | D | A | D | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225403925 | [Redacted] | [Redacted] | 36191885 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy amount of [redacted] is less than the note amount of [redacted], resulting in a shortfall of [redacted]. | Reviewer Comment (2026-04-30): Title policy received with the policy amount covering loan value. Buyer Comment (2026-04-28): Please see attached title showing $[redacted] |
04/30/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | PA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225403925 | [Redacted] | [Redacted] | 36191927 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-31): Client elects to waive. |
03/31/2026 | No | 2 | A | A | A | A | A | A | B | B | PA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225403925 | [Redacted] | [Redacted] | 36191929 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-31): Client elects to waive. |
03/31/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | PA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225403925 | [Redacted] | [Redacted] | 36191932 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-31): Client elects to waive. |
03/31/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225404016 | [Redacted] | [Redacted] | 36195592 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-01): wavied |
04/01/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | IL | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225404016 | [Redacted] | [Redacted] | 36195594 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-04-01): waived |
04/01/2026 | No | 2 | A | A | A | A | A | A | B | B | IL | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225404016 | [Redacted] | [Redacted] | 36203328 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-13): Received [redacted] Rate Lock document, Exception Cleared. Buyer Comment (2026-04-10): lock |
04/13/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | IL | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225404016 | [Redacted] | [Redacted] | 36203401 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-9 form was used, the H-8 form should have been used. | Second Lien being paid off did not originate with current lender as evidenced by the title commitment. | Reviewer Comment (2026-05-08): [redacted]received LOE to borrower, correct model [redacted]form allowing [redacted]days of rescission and proof of delivery. Buyer Comment (2026-05-07): See provided new [redacted]and proof of receipt Buyer Comment (2026-04-29): New [redacted]with proof of receipt Buyer Comment (2026-04-29): New [redacted] with proof of receipt |
05/08/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | IL | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225404056 | [Redacted] | [Redacted] | 36194362 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-03-31): Client elects to waive. |
03/31/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225404056 | [Redacted] | [Redacted] | 36194368 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-03-31): Client elects to waive. |
03/31/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225404056 | [Redacted] | [Redacted] | 36194372 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-03-31): Client elects to waive. |
03/31/2026 | No | 2 | A | A | A | A | A | A | B | B | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225404056 | [Redacted] | [Redacted] | 36194405 | Compliance | Compliance | State Compliance | State Defect | [redacted] | [redacted] Predatory Lending Database Program ([redacted]) - Certificate of Compliance or Exemption not attached to mortgage for recording. | The loan file is missing a copy of the Certificate of Compliance or Exemption | Reviewer Comment (2026-04-14): Certification of compliance-[redacted]received and verified. Exception cleared. Buyer Comment (2026-04-13): [redacted]Docs Buyer Comment (2026-04-13): [redacted] Docs |
04/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225404056 | [Redacted] | [Redacted] | 36195088 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Initial [redacted] Rate Lock was not found in file. | Reviewer Comment (2026-04-14): Initial [redacted]Rate Lock received and verified. Exception cleared. Buyer Comment (2026-04-13): Lock |
04/14/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225404056 | [Redacted] | [Redacted] | 36197877 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used. | Since the loan is not paying off a same lender mortgage, transaction is not considered a lender to lender refinance and [redacted] is required. | Reviewer Comment (2026-04-23): Received corrected [redacted]with evidence borrower had a new [redacted]day rescission. Buyer Comment (2026-04-22): New [redacted]with proof of receipt |
04/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225404068 | [Redacted] | [Redacted] | 36196416 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate Lock agreement is missing. | Reviewer Comment (2026-04-14): Received [redacted]Rate Lock document, Exception Cleared. Buyer Comment (2026-04-13): locks upld |
04/14/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225404068 | [Redacted] | [Redacted] | 36196494 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM used for review, property inspection report required. | Reviewer Comment (2026-04-01): waive |
04/01/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225404068 | [Redacted] | [Redacted] | 36196506 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a [redacted]nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B"." | Reviewer Comment (2026-04-01): waive |
04/01/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225404068 | [Redacted] | [Redacted] | 36196510 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2026-04-14): Received E-Consent date document provided snip to borrower, Exception Cleared. Buyer Comment (2026-04-13): proof econsent accepted upld |
04/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225404068 | [Redacted] | [Redacted] | 36204174 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used. | No current [redacted]nd lien exists so [redacted] would be the correct RTC form to use. | Reviewer Comment (2026-05-22): Received H-[redacted]document. Exception cleared. Buyer Comment (2026-05-20): revised rtc docs with proof of delivery upld, no signature required Reviewer Comment (2026-04-28): Required signed and dated Right to cancel to clear the exception. Exception Remains. Buyer Comment (2026-04-27): [redacted]docs upld |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225405189 | [Redacted] | [Redacted] | 36239270 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted] is over disclosed by [redacted] compared to the calculated Amount Financed of [redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted] is over disclosed by [redacted] compared to the calculated Amount Financed of [redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Reviewer Comment (2026-04-22): [redacted]received lender attestation confirming title-tax cert is one time & not life of loan fee Buyer Comment (2026-04-21): title email upld confirming tax cert is one-time fee, please remove from your finance charge calculation |
04/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225405189 | [Redacted] | [Redacted] | 36239271 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of [redacted] is under disclosed by [redacted] compared to the calculated Finance Charge of [redacted] which exceeds the [redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of [redacted] is under disclosed by [redacted] compared to the calculated Finance Charge of [redacted] which exceeds the [redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Reviewer Comment (2026-04-22): [redacted]received lender attestation confirming title-tax cert is one time & not life of loan fee Buyer Comment (2026-04-21): title email upld to trl docs confirming tax cert is one-time fee, please remove from your finance charge calculation |
04/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225405189 | [Redacted] | [Redacted] | 36240017 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-04-16): ok to waive |
04/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225405189 | [Redacted] | [Redacted] | 36240631 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-20): Received Rate Lock document in file. Exception Cleared. Buyer Comment (2026-04-16): locks upld |
04/20/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | PA | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225405190 | [Redacted] | [Redacted] | 36199109 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-23): Client elects to waive. Buyer Comment (2026-04-23): Please clear condition. |
04/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225405190 | [Redacted] | [Redacted] | 36199110 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-23): Client elects to waive. Buyer Comment (2026-04-23): Per CNR pleae waive. |
04/23/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225405190 | [Redacted] | [Redacted] | 36199111 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a [redacted] for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "[redacted]"." | Reviewer Comment (2026-04-23): Client elects to waive. Buyer Comment (2026-04-23): Please waive. |
04/23/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225405190 | [Redacted] | [Redacted] | 36199112 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2026-04-24): Received Esign Process Summary. Exception cleared. Buyer Comment (2026-04-23): Please see attached. |
04/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225405190 | [Redacted] | [Redacted] | 36204502 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-24): Received Rate Lock document. Exception cleared. Buyer Comment (2026-04-23): Please see attached. |
04/24/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225405991 | [Redacted] | [Redacted] | 36198897 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225405991 | [Redacted] | [Redacted] | 36205310 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-27): Received Rate Lock document. Exception cleared. Buyer Comment (2026-04-24): Please see attached rate lock |
04/27/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | IL | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225406196 | [Redacted] | [Redacted] | 36199785 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225406196 | [Redacted] | [Redacted] | 36199786 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 2 | A | A | A | A | A | A | B | B | VA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225406196 | [Redacted] | [Redacted] | 36199787 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | VA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225406196 | [Redacted] | [Redacted] | 36199873 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [redacted] is over disclosed by [redacted]compared to the calculated Amount Financed of [redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Closing Disclosure reflects Amount Financed of [redacted] but calculated Amount Financed of [redacted]. | Reviewer Comment (2026-05-26): [redacted]received LOE, Copy of refund Check, Corrected CD and proof of delivery. Separate exception set for tolling rescission from validations. Buyer Comment (2026-05-22): PCCD with cure Reviewer Comment (2026-05-01): Closing date is [redacted] and fees are tested from that date. The PCCD dated [redacted] does correct the finance charge to match with our calculations and the final [redacted], but the finance charge was under disclosed at closing and a cure is required. To complete the cure, please provide copy of refund check, LOE, reopening of RTC, and proof of delivery. Buyer Comment (2026-04-30): Our total APR fees on our [redacted] matches your finance fee total at $[redacted], see Final [redacted] Reviewer Comment (2026-04-15): Settlement fee is being tested as $[redacted]. Please provide documentation if other settlement fees should be excluded from calculations. Buyer Comment (2026-04-14): PCCD |
05/26/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | VA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225406196 | [Redacted] | [Redacted] | 36199874 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of [redacted] is under disclosed by [redacted] compared to the calculated Finance Charge of [redacted] which exceeds the [redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Closing Disclosure reflects Finance Charge of [redacted] but calculated Finance Charge of [redacted]. Variance = [redacted]. Lender to provide corrected CD and copy of letter sent to borrower explaining changes. | Reviewer Comment (2026-05-26): [redacted]received LOE, Copy of refund Check, Corrected CD and proof of delivery. Separate exception set for tolling rescission from validations. Buyer Comment (2026-05-22): See PCCD with cure Reviewer Comment (2026-05-01): Closing date is [redacted] and fees are tested from that date. The PCCD dated[redacted] does correct the finance charge to match with our calculations and the final [redacted], but the finance charge was under disclosed at closing and a cure is required. To complete the cure, please provide copy of refund check, LOE, reopening of RTC, and proof of delivery. Buyer Comment (2026-04-30): Our total APR fees on our [redacted]matches your finance fee total at $[redacted], see Final [redacted] |
05/26/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | VA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225406196 | [Redacted] | [Redacted] | 36206059 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was missing from file. | Reviewer Comment (2026-04-16): Received Rate Lock, exception cleared Buyer Comment (2026-04-14): Lock |
04/16/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | VA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225406196 | [Redacted] | [Redacted] | 36577971 | Compliance | Compliance | Federal Compliance | TILA | TILA Extended Rescission: Inaccurate material disclosures provided to borrower at consummation on a rescindable transaction resulting in extended rescission rights ([redacted] years from consummation). Re-disclosure of accurate material disclosures, refund/adjustment, LOE, re-opening of rescission and proof of delivery required. | This is a material exception on a rescindable transaction and requires reopening of rescission and proof of delivery of RTC to complete cure. Further, the RTC must allow the borrower three days to cancel the transaction from date of delivery. | Reviewer Comment (2026-06-04): Recvd New RTC and proof it was deliveried Buyer Comment (2026-06-04): new rescission period has passed. please clear condition. thanks! Reviewer Comment (2026-06-02): Will clear[redacted] Buyer Comment (2026-06-02): new [redacted] rescission date ends today, please clear on [redacted] Buyer Comment (2026-05-29): proof of [redacted] delivery today, [redacted] Reviewer Comment (2026-05-29): Received updated RTC with expiration of [redacted], letter to borrower and mailing label. Per the mailing label, it appears the package is scheduled for delivery on[redacted] by [redacted] PM. In addition, the expiration of the new RTC period does not occur until [redacted]. Once verification that the package was delivered to the borrower on [redacted] and the new RTC period has expired at midnight on [redacted], the exception can be cleared. Buyer Comment (2026-05-27): please see attached lox and revised RTC |
06/04/2026 | No | 1 | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct notice of rescission model form (If corresponding material disclosure exception has not been sufficiently cured, LOE, refund/adjustment, corrected TIL/CD, and proof of delivery required to cure material disclosure exception as applicable). | D | B | D | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||||||
| 225406514 | [Redacted] | [Redacted] | 36199958 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225406514 | [Redacted] | [Redacted] | 36205821 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in file. | Reviewer Comment (2026-04-15): [redacted]Initial Rate Lock received & associated. Exception cleared. Buyer Comment (2026-04-13): lock upld |
04/15/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225406514 | [Redacted] | [Redacted] | 36214501 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | A current mortgage statement is missing for this property | Reviewer Comment (2026-04-15): Note & first paymemt letter received. Exception cleared. Buyer Comment (2026-04-13): note, fpl and fss upld |
04/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225407318 | [Redacted] | [Redacted] | 36205470 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225407318 | [Redacted] | [Redacted] | 36205473 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a [redacted} for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "[redacted}". | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 2 | A | A | A | A | A | A | B | B | OH | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225407318 | [Redacted] | [Redacted] | 36205480 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | OH | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225407318 | [Redacted] | [Redacted] | 36207067 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-16): Initial [redacted] rate lock received. Buyer Comment (2026-04-14): Lock |
04/16/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | OH | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225409112 | [Redacted] | [Redacted] | 36207431 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225409112 | [Redacted] | [Redacted] | 36214724 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The [redacted] rate lock is not located in the file. | Reviewer Comment (2026-04-15): Initial [redacted]Rate lock agreement received. Buyer Comment (2026-04-13): lock upld |
04/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225410940 | [Redacted] | [Redacted] | 36203149 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate Lock agreement is missing. | Reviewer Comment (2026-04-27): [redacted]initial rate lock received. Exception cleared Buyer Comment (2026-04-24): Please see attached Rate lock |
04/27/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | NC | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225410940 | [Redacted] | [Redacted] | 36203331 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NC | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225410940 | [Redacted] | [Redacted] | 36203340 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a [redacted} for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "[redacted}". | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 2 | A | A | A | A | A | A | B | B | NC | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225410940 | [Redacted] | [Redacted] | 36203348 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | A limited compliance review scope was performed on this loan. Testing for TILA-RESPA Integrated Disclosure "TRID" compliance under the SFA TRID Grid is outside of scope with the exception of specifically enumerated components. | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225411030 | [Redacted] | [Redacted] | 36205485 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Secondary Valuation is missing. | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NV | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | Non QM | Non QM | No | ||||||||||||
| 225411030 | [Redacted] | [Redacted] | 36205613 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | Non QM | Non QM | No | ||||||||||||
| 225411030 | [Redacted] | [Redacted] | 36207381 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file | Reviewer Comment (2026-04-16): Cleared. Received rate lock Buyer Comment (2026-04-14): Lock |
04/16/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | NV | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | Non QM | Non QM | No | |||||||||||
| 225411204 | [Redacted] | [Redacted] | 36201318 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-02): Client elects to waive with compensating factors. |
04/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OR | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225411204 | [Redacted] | [Redacted] | 36201327 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-02): Client elects to waive with compensating factors. |
04/02/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | OR | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225411204 | [Redacted] | [Redacted] | 36201328 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a [redacted} for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "[redacted}". | Buyer Comment (2026-04-24): ok to waive per [redacted] |
04/24/2026 | No | 2 | A | A | A | A | A | A | B | B | OR | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225411204 | [Redacted] | [Redacted] | 36210942 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-27): Initial [redacted]rate lock agreement received. Buyer Comment (2026-04-24): Please see attached Rate lock |
04/27/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | OR | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225411256 | [Redacted] | [Redacted] | 36204908 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225411256 | [Redacted] | [Redacted] | 36211803 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-14): Initial [redacted]Rate Lock agreement received. Buyer Comment (2026-04-13): locks upld |
04/14/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | VA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 225413960 | [Redacted] | [Redacted] | 36219687 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-06): waived |
04/06/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225413960 | [Redacted] | [Redacted] | 36219688 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a [redacted} for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "[redacted}". | Reviewer Comment (2026-04-06): waived |
04/06/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225413960 | [Redacted] | [Redacted] | 36238418 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file and is required for non-correspondent loans. | Reviewer Comment (2026-04-20): Received Rate Lock document in file. Exception Cleared. Buyer Comment (2026-04-16): locks upld |
04/20/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225413961 | [Redacted] | [Redacted] | 36210090 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | First lien mortgage [redacted] mortgage statement is missing. Required to determine P&I payment and terms of loan. In addition, lender has excluded the credit liability of [redacted] which is Auto lease as less than [redacted] payments, as auto lease account it is not excluded from the ratio. | Reviewer Comment (2026-04-16): Copy of [redacted]lien Note received to verify P&I amount. Revised [redacted]received with correct P&I amount and credit debt now DTI within Guideline limit. Exception cleared. Buyer Comment (2026-04-15): revised [redacted]with corrected p&i and auto loan added and copy of [redacted]lien note upld |
04/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225413961 | [Redacted] | [Redacted] | 36210092 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a [redacted} for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "[redacted}" Client may choose to waive. | Buyer Comment (2026-04-14): ok to waive |
04/14/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225413961 | [Redacted] | [Redacted] | 36210099 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225413961 | [Redacted] | [Redacted] | 36210100 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-02): Client elects to waive. |
04/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225413961 | [Redacted] | [Redacted] | 36210139 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | [redacted] due to DTI mismatch, lender has excluded the credit liability of [redacted] of $[redacted] which is Auto lease as less than [redacted] payments, as auto lease account it is not excluded from the ratio. | Reviewer Comment (2026-04-16): Copy of [redacted]lien Note received to verify P&I amount. Revised [redacted]received with corrected P&I amount and credit debt now DTI within Guideline limit. Exception cleared. Buyer Comment (2026-04-15): revised [redacted]with corrected p&i and auto loan added and copy of [redacted]lien note upld to trl docs |
04/16/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225413961 | [Redacted] | [Redacted] | 36210140 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted} or more guideline components, the loan is at QM risk. | [redacted] due to DTI mismatch, lender has excluded the credit liability of [redacted] which is Auto lease as less than [redacted] payments, as auto lease account it is not excluded from the ratio. | Reviewer Comment (2026-04-16): Copy of [redacted]lien Note received to verify P&I amount. Revised [redacted]received with corrected P&I amount and credit debt now DTI within Guideline limit. Exception cleared. Buyer Comment (2026-04-15): revised [redacted]with corrected p&i and auto loan added and copy of [redacted]lien note upld to trl docs |
04/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225413961 | [Redacted] | [Redacted] | 36212379 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-16): [redacted]Initial rate lock received and details updated. Exception cleared. Buyer Comment (2026-04-14): lock upld |
04/16/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | A | D | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225415601 | [Redacted] | [Redacted] | 36213405 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM Provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | MA | Primary | Refinance - Cash-out - Other | D | C | D | A | C | A | D | C | Non QM | Non QM | No | |||||||||||||
| 225415601 | [Redacted] | [Redacted] | 36213510 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Data Discrepancy with DTI. Lender DTI [redacted], Review DTI [redacted] . The reason for the discrepancy is due to Lender used PITIA payment of $[redacted] in calculating DTI rather than just PI payment of $[redacted]. | Reviewer Comment (2026-05-22): Calculated DTI matches with [redacted], exception cleared. Buyer Comment (2026-05-20): bid tape has been corrected, please clear. Reviewer Comment (2026-05-01): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]%; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]%. Reviewer Comment (2026-04-15): Received updated [redacted]however the bid tape DTI is [redacted]% however due diligence is [redacted]%. An updated Bid tape for the DTI is required. Buyer Comment (2026-04-14): revised [redacted]upld |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | D | C | D | A | C | A | D | C | Non QM | Non QM | No | |||||||||||
| 225415601 | [Redacted] | [Redacted] | 36213529 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | [redacted] due to DTI discrepancy | Reviewer Comment (2026-05-22): Calculated DTI matches with [redacted], exception cleared. Buyer Comment (2026-05-20): bid tape has been corrected, please clear. Reviewer Comment (2026-04-15): Received updated [redacted]however the bid tape DTI is [redacted]% however due diligence is [redacted]%. An updated Bid tape for the DTI is required. Buyer Comment (2026-04-14): revised [redacted]upld to trl docs |
05/22/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | MA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | D | C | D | A | C | A | D | C | Non QM | Non QM | Yes | |||||||||
| 225415601 | [Redacted] | [Redacted] | 36213530 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing [redacted} or more guideline components, the loan is at ATR risk. | Data Discrepancy with DTI. Lender DTI [redacted] , Review DTI [redacted]% . The reason for the discrepancy is due to Lender used PITIA payment of [redacted] in calculating DTI rather than just PI payment of [redacted]. | Reviewer Comment (2026-05-22): Calculated DTI matches with [redacted], exception cleared. Buyer Comment (2026-05-20): bid tape has been corrected, please clear. Reviewer Comment (2026-04-15): Received updated [redacted]however the bid tape DTI is [redacted]% however due diligence is [redacted]%. An updated Bid tape for the DTI is required. Buyer Comment (2026-04-14): revised [redacted]upld to trl docs |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | D | C | D | A | C | A | D | C | Non QM | Non QM | No | ||||||||||
| 225415601 | [Redacted] | [Redacted] | 36237787 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in file. | Reviewer Comment (2026-05-01): Received rate lock Buyer Comment (2026-04-29): please clear or advise if something else is needed. Reviewer Comment (2026-04-15): Received rate lock Buyer Comment (2026-04-14): lcok upld |
05/01/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | MA | Primary | Refinance - Cash-out - Other | D | C | D | A | C | A | D | C | Non QM | Non QM | No | |||||||||||
| 225415601 | [Redacted] | [Redacted] | 36237799 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used. | Title commitment verifies original credit for second lien is not current lender. | Reviewer Comment (2026-05-13): Updated RTC received, exception cleared. Buyer Comment (2026-05-11): rtc docs upld |
05/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | C | D | A | C | A | D | C | Non QM | Non QM | Yes | |||||||||
| 225415601 | [Redacted] | [Redacted] | 37035965 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM does not support the value used to qualify | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | MA | Primary | Refinance - Cash-out - Other | D | C | D | A | C | A | D | C | Non QM | Non QM | No | ||||||||||||||||
| 225421548 | [Redacted] | [Redacted] | 36238200 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-09): Received rate lock document. Exception cleared. Buyer Comment (2026-04-08): Please see attached. |
04/09/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225422522 | [Redacted] | [Redacted] | 36219735 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-06): Client elects to waive. |
04/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | ND | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225422522 | [Redacted] | [Redacted] | 36219736 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-06): Client elects to waive. |
04/06/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | ND | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225422522 | [Redacted] | [Redacted] | 36219737 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". Client may elect to waive. | Buyer Comment (2026-04-29): OK to waive per CNR |
04/29/2026 | No | 2 | A | A | A | A | A | A | B | B | ND | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225422522 | [Redacted] | [Redacted] | 36239175 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-30): Initial [redacted]rate lock agreement received. Buyer Comment (2026-04-29): Please see attached Lock Form |
04/30/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | ND | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225422523 | [Redacted] | [Redacted] | 36238855 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | [redacted] rate lock was not found in the file. | Reviewer Comment (2026-04-20): Received Rate Lock, exception cleared Buyer Comment (2026-04-16): locks upld |
04/20/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | MA | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225422911 | [Redacted] | [Redacted] | 36220215 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-07): Client acknowledges exception. This exception is for informational purposes only and does not impact grading. |
04/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||||
| 225422911 | [Redacted] | [Redacted] | 36220216 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-07): Loan is to be securitized. Appraisal/AVM was provided |
04/07/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||||||
| 225422911 | [Redacted] | [Redacted] | 36220217 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-07): AVM provided as a primary valuation on a [redacted]lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]. |
04/07/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||||||
| 225422911 | [Redacted] | [Redacted] | 36220272 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Missing Rate lock | Reviewer Comment (2026-04-23): Received rate lock Buyer Comment (2026-04-21): locks upld |
04/23/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225422911 | [Redacted] | [Redacted] | 36220277 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Subject loan transaction disbursed on [redacted], prior to [redacted} business days from transaction date of [redacted] | Reviewer Comment (2026-04-27): Post closing disclosure document received and updated. Exception cleared Buyer Comment (2026-04-24): pccd docs upld |
04/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | Yes | |||||||||
| 225422911 | [Redacted] | [Redacted] | 36220291 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Reviewer Comment (2026-06-01): Lender redesignated loan designation to Non-QM. Buyer Comment (2026-05-28): Please redesignate this loan as a NON QM Reviewer Comment (2026-05-21): It's unclear what "rounding issue" the rebuttal is referencing. The lender's compliance report calculated the same total loan amount and QM points and fees threshold as we did. The only difference appears to be the total points and fees included (which on the lender's compliance report was $[redacted]). As noted previously, unfortunately there is no cure for QM P&Fs, however the loan designation can be restated. If lender/seller restates the loan designation to Non-QM, the QM APOR exception will be eligible to be cleared (since loan will no longer be tested for QM) and the designation not matching EV3 exception will be replaced with an EV2-B exception. [redacted]included the following points and fees in the QM P&Fs calculation: $[redacted]Extension fee(s) $[redacted]Loan Originator Compensation (YSP) $[redacted]Processing $[redacted]Underwriting for a total of $[redacted], which exceeds [redacted]% of the total loan amount of $[redacted](maximum $[redacted]) by $[redacted]. Buyer Comment (2026-05-19): The $[redacted]variance in QM Points & Fees is due to a minor aggregation/rounding difference between [redacted]QM calculation and the investor's fee methodology; all fee components are fully disclosed and consistently reflected with no missing fees or structural tolerance breach. Based on a reconciliation of both calculations, the loan remains QM [redacted]compliant and no cure or redesignation is warranted. Reviewer Comment (2026-04-28): Unfortunately, under [redacted] QM points and fees violations cannot be cured for loans consummated on or after [redacted] Buyer Comment (2026-04-24): pccd docs upld to trl docs Reviewer Comment (2026-04-23): Points and Fees is in excess of the allowable maximum of [redacted]%. Points and Fees total $[redacted]vs. an allowable total of $[redacted](an overage of $[redacted]or .[redacted]%). Buyer Comment (2026-04-21): points & dees screenshot upld to trl docs |
06/01/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | Yes | |||||||||
| 225422911 | [Redacted] | [Redacted] | 36220292 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees [redacted] | Qualified Mortgage (Dodd Frank [redacted]): Points and Fees on subject loan of [redacted] is in excess of the allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an allowable total of [redacted] (an overage of [redacted] or .[redacted]). | Points and Fees on subject loan of [redacted] is in excess of the allowable maximum of [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted] on a Federal Total Loan Amount of [redacted] vs. an allowable total of [redacted] | Reviewer Comment (2026-06-01): Lender redesignated loan designation to Non-QM. Buyer Comment (2026-05-28): Please redesignate this loan as a NON QM Reviewer Comment (2026-05-21): It's unclear what "rounding issue" the rebuttal is referencing. The lender's compliance report calculated the same total loan amount and QM points and fees threshold as we did. The only difference appears to be the total points and fees included (which on the lender's compliance report was $[redacted]). As noted previously, unfortunately there is no cure for QM P&Fs, however the loan designation can be restated. If lender/seller restates the loan designation to Non-QM, the QM APOR exception will be eligible to be cleared (since loan will no longer be tested for QM) and the designation not matching EV3 exception will be replaced with an EV2-B exception. [redacted]included the following points and fees in the QM P&Fs calculation: $[redacted]Extension fee(s) $[redacted]Loan Originator Compensation (YSP) $[redacted]Processing $[redacted] Underwriting for a total of $[redacted], which exceeds [redacted]% of the total loan amount of $[redacted](maximum $[redacted]) by $[redacted]. Buyer Comment (2026-05-20): The $[redacted]variance in QM Points & Fees is due to a minor aggregation/rounding difference between Mavent's QM calculation and the investor's fee methodology; all fee components are fully disclosed and consistently reflected with no missing fees or structural tolerance breach. Based on a reconciliation of both calculations, the loan remains QM [redacted]compliant and no cure or redesignation is warranted. Reviewer Comment (2026-04-28): Unfortunately, under [redacted] QM points and fees violations cannot be cured for loans consummated on or after[redacted] Buyer Comment (2026-04-24): pccd docs upld to trl docs Reviewer Comment (2026-04-23): Points and Fees is in excess of the allowable maximum of [redacted]%. Points and Fees total $[redacted] vs. an allowable total of $[redacted] (an overage of $[redacted]or .[redacted]%). Buyer Comment (2026-04-21): points & dees screenshot upld |
06/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225422911 | [Redacted] | [Redacted] | 36627292 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Restated Loan Designation Match - General Ability to Repay | Ability to Repay (Dodd-Frank [redacted]): The initial Loan Designation provided did not match. However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. | Lender redesignated loan designation to Non-QM. | Buyer Comment (2026-06-01): ok to waive |
06/01/2026 | No | 2 | A | B | B | B | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||||||||
| 225424151 | [Redacted] | [Redacted] | 36221016 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-04-29): OK to waive per [redacted] |
04/29/2026 | No | 2 | A | A | A | A | A | A | B | B | TN | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 225424151 | [Redacted] | [Redacted] | 36221017 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-07): Waived. |
04/07/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | TN | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 225424151 | [Redacted] | [Redacted] | 36221019 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-07): Waived. |
04/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225424351 | [Redacted] | [Redacted] | 36221520 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - W-[redacted] | Ability to Repay (Dodd-Frank [redacted]): Unable to verify current Wages/W-[redacted] employment status using reasonably reliable third-party records. | VVOE is missing. | Buyer Comment (2026-05-26): ok to waive Reviewer Comment (2026-05-20): Regraded to EV2-B based on post-close lender exception outlining alternate pre-closing documentation used to verify employment. Reviewer Comment (2026-05-20): Reopening to regrade Reviewer Comment (2026-05-20): Lender exception provided for use of post closing VVOE. Lender depended on paystubs and W2s for verification. Reviewer Comment (2026-05-20): Lender exception approved for post closing VVOE. Lender based ATR requirements on paystubs and W2's. Reviewer Comment (2026-05-20): Lender re-designated loan to Non QM due to points and fees. Because the VVOE is dated post closing, exception remains. Buyer Comment (2026-05-20): exception aprvl upld to trl docs Reviewer Comment (2026-05-04): Provided VVOE is post close - dated [redacted], Please provide VVOE within [redacted] business days of note date[redacted] Buyer Comment (2026-04-30): final voe upld |
05/26/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225424351 | [Redacted] | [Redacted] | 36221522 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | VVOE is missing. | Reviewer Comment (2026-05-04): Lender re-designated Loan designation. Condition cleared. Reviewer Comment (2026-05-04): Provided VVOE is post close - dated [redacted], Please provide VVOE within [redacted] business days of note date[redacted] Buyer Comment (2026-04-30): final voe upld to trl docs Reviewer Comment (2026-04-20): Required VVOE to clear this exception. Exception Remains. Buyer Comment (2026-04-16): rebuttal upld to trl docs |
05/04/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Non QM | Yes | |||||||||
| 225424351 | [Redacted] | [Redacted] | 36221523 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees [redacted] | Qualified Mortgage (Dodd Frank [redacted]): Points and Fees on subject loan of [redacted][redacted]% is in excess of the allowable maximum of [redacted][redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted] on a Federal Total Loan Amount of $[redacted] vs. an allowable total of $[redacted] (an overage of $[redacted] or .[redacted]%). | Points and Fees on subject loan of [redacted][redacted]% is in excess of the allowable maximum of [redacted][redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted] on a Federal Total Loan Amount of $[redacted] vs. an allowable total of $[redacted] (an overage of $[redacted] or .[redacted]%). | Reviewer Comment (2026-05-04): Lender re-designated Loan designation. Condition cleared. Buyer Comment (2026-04-30): please redesignate to non qm Reviewer Comment (2026-04-23): The Points and Fees of [redacted]% total $[redacted]on vs. an allowable total of $[redacted](an overage of $[redacted]or .[redacted]%). Buyer Comment (2026-04-21): undiscounted rate screenshot upld Reviewer Comment (2026-04-20): Missing undiscounted rate and price. Without the undiscounted rate and price, unable to verify points as bonafide. Buyer Comment (2026-04-16): rebuttal upld |
05/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225424351 | [Redacted] | [Redacted] | 36221557 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | VVOE is missing. | Reviewer Comment (2026-05-20): Received VVOE. Condition cleared. Buyer Comment (2026-05-18): exception aprvl upld Reviewer Comment (2026-05-04): Provided VVOE is post close - dated [redacted], Please provide VVOE within [redacted] business days of note date[redacted] Buyer Comment (2026-04-30): final voe upld to trl docs |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||||
| 225424351 | [Redacted] | [Redacted] | 36221558 | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | VVOE is missing. | Reviewer Comment (2026-05-20): Received VVOE. Condition cleared. Buyer Comment (2026-05-18): exception aprvl upld to trl docs Reviewer Comment (2026-05-04): Provided VVOE is post close - dated [redacted], Please provide VVOE within [redacted] business days of note date[redacted] Buyer Comment (2026-04-30): final voe upld to trl docs |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225424351 | [Redacted] | [Redacted] | 36221590 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet [redacted} or more guideline components which could impact the borrower's ability to repay. | VVOE is missing. | Reviewer Comment (2026-05-20): Received VVOE. Condition cleared. Buyer Comment (2026-05-18): exception aprvl upld to trl docs Reviewer Comment (2026-05-04): EXCEPTION HISTORY - Exception Detail was updated on[redacted]PRIOR Exception Detail: Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Reviewer Comment (2026-05-04): Provided VVOE is post close - dated [redacted], Please provide VVOE within [redacted] business days of note date[redacted] Buyer Comment (2026-04-30): final voe upld to trl docs |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225424351 | [Redacted] | [Redacted] | 36221591 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | VVOE is missing. | Reviewer Comment (2026-05-20): Received VVOE. Condition cleared. Buyer Comment (2026-05-18): exception aprvl upld to trl docs Reviewer Comment (2026-05-04): Provided VVOE is post close - dated [redacted], Please provide VVOE within [redacted] business days of note date[redacted] Buyer Comment (2026-04-30): final voe upld to trl docs |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||
| 225424351 | [Redacted] | [Redacted] | 36390418 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Lender re-designated Loan designation. | Reviewer Comment (2026-05-20): Loan is NonQM Buyer Comment (2026-05-18): exception aprvl upld to trl docs |
05/20/2026 | No | 1 | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Non QM | Yes | ||||||||||||||
| 225424351 | [Redacted] | [Redacted] | 36543376 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception for post closing VVOE. Based ATR requirements on paystubs and W2s. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-05-20): Client elects to waive with compensating factors. |
05/20/2026 | Yes | 2 | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||||||
| 225424351 | [Redacted] | [Redacted] | 36543968 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Restated Loan Designation Match - General Ability to Repay | Ability to Repay (Dodd-Frank [redacted]): The initial Loan Designation provided did not match. However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. | Loan is NonQM | Buyer Comment (2026-05-26): ok to waive |
05/26/2026 | No | 2 | A | B | B | B | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||||||||
| 225427470 | [Redacted] | [Redacted] | 36233344 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-07): Client acknowledges exception. This exception is for informational purposes only and does not impact grading. |
04/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225429457 | [Redacted] | [Redacted] | 36233839 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-30): Client elects to waive. Buyer Comment (2026-04-28): Please waive per [redacted] |
04/30/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CO | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225429457 | [Redacted] | [Redacted] | 36234347 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan Designation is correctly captured | Reviewer Comment (2026-04-30): Received clarification/approval/documentation from lender. Condition cleared. Reviewer Comment (2026-04-30): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of ATR Risk. |
04/30/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CO | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225429457 | [Redacted] | [Redacted] | 36234350 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Subject loan transaction disbursed on [redacted], prior to [redacted} business days from transaction date of [redacted]. | Reviewer Comment (2026-04-29): Disbursement date updated. Exception cleared. Buyer Comment (2026-04-28): Please see attached settlement statement which shows the disbursement date of [redacted]. Please clear condition. |
04/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225429457 | [Redacted] | [Redacted] | 36234351 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | The H-[redacted] form was used; the H-[redacted] form should have been used. | Reviewer Comment (2026-04-29): Correct Right to Cancel Form updated. Exception cleared. Buyer Comment (2026-04-28): The client completed a purchase transaction with us that was closed [redacted]. The correct form was used. Please clear condition. |
04/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225429457 | [Redacted] | [Redacted] | 36234388 | Credit | Guideline | Guideline Issue | Guideline | Borrower has been on current job less than [redacted] years, and prior employment history was not documented as required. | - | Prior business history was not documented as required. | Reviewer Comment (2026-04-30): Received clarification/approval/documentation from lender. Condition cleared. |
04/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225430128 | [Redacted] | [Redacted] | 36240161 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Secondary valuation from subject property is missing. | Reviewer Comment (2026-07-23): Cleared. Received CDA |
07/23/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NY | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225430128 | [Redacted] | [Redacted] | 36240169 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient as there is shortfall by $[redacted] | Reviewer Comment (2026-05-05): The policy contains [redacted]% replacement cost coverage, subject to the limits of Coverage A. Exception Cleared. Buyer Comment (2026-05-04): The insurance on pages[redacted] show a coverage amount of $[redacted]. Please review and clear condition. |
05/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225430128 | [Redacted] | [Redacted] | 36240199 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Account Statements - Business is not provided from [redacted] - [redacted] for Acc# [redacted]. | Reviewer Comment (2026-05-05): This is a newly opened business account; therefore, bank statements for the previous [redacted]months are not available and not required. Exception Cleared. Buyer Comment (2026-05-04): Please review the business account statements for [redacted] acccount ending in [redacted]. If you review the [redacted] statement, you will see that the starting balance on this account is $[redacted]. Because of this, you will see that this account was mjust opened [redacted]. Please clear condition. |
05/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225430128 | [Redacted] | [Redacted] | 36240205 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Account Statements - Business is not provided from [redacted] - [redacted] for Acc# [redacted]. | Reviewer Comment (2026-05-05): This is a newly opened business account; therefore, bank statements for the previous [redacted] months are not available and not required. Exception Cleared. Buyer Comment (2026-05-04): Please review the business account statements for [redacted] acccount ending in [redacted]. If you review the [redacted] statement, you will see that the starting balance on this account is $[redacted]. Because of this, you will see that this account was mjust opened [redacted]. Please clear condition. |
05/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225430128 | [Redacted] | [Redacted] | 36240230 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Account Statements - Business is not provided from [redacted] - [redacted] for Acc# [redacted]. | Reviewer Comment (2026-05-05): This is a newly opened business account; therefore, bank statements for the previous [redacted]months are not available and not required. Exception Cleared. Buyer Comment (2026-05-04): Waterfall condition. Please clear. |
05/05/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225430128 | [Redacted] | [Redacted] | 36240236 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted} or more guideline components, the loan is at QM risk. | Account Statements - Business is not provided from [redacted] - [redacted] for Acc# [redacted]. | Reviewer Comment (2026-05-05): This is a newly opened business account; therefore, bank statements for the previous [redacted]months are not available and not required. Exception Cleared. Buyer Comment (2026-05-04): Waterfall condition. Please clear. |
05/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225430128 | [Redacted] | [Redacted] | 36240238 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Account Statements - Business is not provided from [redacted] - [redacted] for Acc# [redacted]. | Reviewer Comment (2026-05-05): This is a newly opened business account; therefore, bank statements for the previous [redacted]months are not available and not required. Exception Cleared. Buyer Comment (2026-05-04): Waterfall condition. Please clear. |
05/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225430128 | [Redacted] | [Redacted] | 36240252 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Account Statements - Business is not provided from [redacted] - [redacted] for Acc# [redacted]. | Reviewer Comment (2026-05-05): This is a newly opened business account; therefore, bank statements for the previous [redacted]months are not available and not required. Exception Cleared. Buyer Comment (2026-05-04): Waterfall condition. Please clear. |
05/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225430128 | [Redacted] | [Redacted] | 37056372 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify. Appraisal from current transaction was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | The variance between the appaisal and desk review values is greater than [redacted]%. | Reviewer Comment (2026-07-28): Client elects to waive. Per client, per [redacted]Guidelines only require one valuation product |
07/28/2026 | No | 3 | C | A | C | A | C | NY | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 225430980 | [Redacted] | [Redacted] | 36246190 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225430980 | [Redacted] | [Redacted] | 36246191 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225430980 | [Redacted] | [Redacted] | 36246195 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. | Reviewer Comment (2026-04-24): Dwelling coverage amount is $[redacted], which covers Note amount of $[redacted]. Exception cleared. Buyer Comment (2026-04-23): please cancel, coverage on the policy provided in loan file is $[redacted], loan amount if $[redacted]. |
04/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225430980 | [Redacted] | [Redacted] | 36246329 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | Reviewer Comment (2026-05-05): Notice of Right To Cancel document received and associated. Exception Cleared. Buyer Comment (2026-05-04): rtc docs and proof of delivery upld |
05/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225430980 | [Redacted] | [Redacted] | 36262158 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225430981 | [Redacted] | [Redacted] | 36240693 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #[redacted] |
Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225430981 | [Redacted] | [Redacted] | 36245534 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted](a)([redacted]): Fannie Mae forms not used for closing of home equity loan. | Fannie Mae forms not used for closing of home equity loan. | Buyer Comment (2026-05-15): Please waive. Reviewer Comment (2026-04-29): Please provide [redacted] Section [redacted] Fannie Mae forms for closing of home equity loan, Exception remains. Buyer Comment (2026-04-28): Please see attached. |
05/15/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| 225430981 | [Redacted] | [Redacted] | 36251536 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request r=to permit a [redacted]% CLTV [redacted] credit score | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-04-07): Lender Exception with Compensating Factors provided. |
04/07/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 225430981 | [Redacted] | [Redacted] | 36251571 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Lender Qualifying DTI: [redacted][redacted]%; Original DTI: [redacted][redacted]% MIP monthly instalment Payment updated on the credit line | Reviewer Comment (2026-04-29): Received updated [redacted]. DTI is within tolerance. Condition cleared. Reviewer Comment (2026-04-29): The discrepancy is in the bid tape that was provided to us when the loan was uploaded via the portal. To correct this, [redacted]would need to provide updated Bid tape for the DTI, Exception remains. Buyer Comment (2026-04-28): Please see attached. |
04/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225430981 | [Redacted] | [Redacted] | 36251581 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Lender Qualifying DTI: [redacted][redacted]%; Original DTI: [redacted][redacted]% MIP monthly instalment Payment updated on the credit line | Reviewer Comment (2026-04-29): Received updated [redacted]. DTI is within tolerance. Condition cleared. Reviewer Comment (2026-04-29): The discrepancy is in the bid tape that was provided to us when the loan was uploaded via the portal. To correct this, [redacted]would need to provide updated Bid tape for the DTI, Exception remains. Buyer Comment (2026-04-28): Waterfall condition. Please clear. |
04/29/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225430981 | [Redacted] | [Redacted] | 36251582 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Lender Qualifying DTI: [redacted][redacted]%; Original DTI: [redacted][redacted]% MIP monthly instalment Payment updated on the credit line | Reviewer Comment (2026-04-29): Received updated [redacted] . DTI is within tolerance. Condition cleared. Reviewer Comment (2026-04-29): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. Reviewer Comment (2026-04-29): The discrepancy is in the bid tape that was provided to us when the loan was uploaded via the portal. To correct this, [redacted]would need to provide updated Bid tape for the DTI, Exception remains. Buyer Comment (2026-04-28): Waterfall condition. Please clear. |
04/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225431807 | [Redacted] | [Redacted] | 36240573 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-04-09): Client elects to waive. |
04/09/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225432315 | [Redacted] | [Redacted] | 36241352 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Appraisal provided. | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CO | Primary | Refinance - Cash-out - Other | D | C | A | A | C | B | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225432315 | [Redacted] | [Redacted] | 36241738 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-09): Client elects to waive. |
04/09/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | D | C | A | A | C | B | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225432315 | [Redacted] | [Redacted] | 36245224 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | The disclosed Amount Financed in the amount of $[redacted] is over-disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted]. | Reviewer Comment (2026-05-19): Cure docs provided Buyer Comment (2026-05-19): New RTC with proof of receipt Reviewer Comment (2026-05-11): This is a material exception on a rescindable transaction and requires reopening of rescission and proof of delivery of RTC to complete cure. Further, the RTC must allow the borrower [redacted] days to cancel the transaction from date of delivery. Buyer Comment (2026-05-08): PCCD with cure Reviewer Comment (2026-04-29): [redacted] consulted with Outside Counsel and received guidance that as Loan Safe Report is not inclusively a credit report and contains services that are not excludable under [redacted] or other sections under [redacted] , fee should be included in Finance Charge calculations. On this loan underdisclosure totaled $[redacted] for the Loan Safe report $[redacted] and the Tax Return Verification $[redacted] . Corrected CD, LOE to borrower, copy of cure refund for total underdisclosrue, proof of mailing and proof of reopening of rescission to all consumers is required. Reviewer Comment (2026-04-27): [redacted] is further analyzing Loan Safe Report fee to determine if finance charge. Will update once determination made. Buyer Comment (2026-04-23): Rebuttal |
05/19/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | CO | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | C | A | A | C | B | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225432315 | [Redacted] | [Redacted] | 36245225 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | The disclosed Finance Charge in the amount of $[redacted] is under-disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted]. | Reviewer Comment (2026-05-19): Cure docs provided Buyer Comment (2026-05-19): See new RTC with proof of receipt Reviewer Comment (2026-05-11): This is a material exception on a rescindable transaction and requires reopening of rescission and proof of delivery of RTC to complete cure. Further, the RTC must allow the borrower [redacted] days to cancel the transaction from date of delivery. Buyer Comment (2026-05-08): See PCCD with cure sent out today Reviewer Comment (2026-04-29): [redacted] consulted with Outside Counsel and received guidance that as Loan[redacted] Report is not inclusively a credit report and contains services that are not excludable under [redacted] or other sections under [redacted] , fee should be included in Finance Charge calculations. On this loan underdisclosure totaled $[redacted] for the Loan Safe report $[redacted] and the Tax Return Verification $[redacted] . Corrected CD, LOE to borrower, copy of cure refund for total underdisclosrue, proof of mailing and proof of reopening of rescission to all consumers is required. Reviewer Comment (2026-04-27): [redacted] is further analyzing Loan Safe Report fee to determine if finance charge. Will update once determination made. Buyer Comment (2026-04-23): See rebuttal |
05/19/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | CO | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | C | A | A | C | B | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225432315 | [Redacted] | [Redacted] | 37036049 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM does not support the value used to qualify. | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | CO | Primary | Refinance - Cash-out - Other | D | C | A | A | C | B | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225436633 | [Redacted] | [Redacted] | 36246374 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | C | A | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225436633 | [Redacted] | [Redacted] | 36246379 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Third Circuit) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | As per the provided title commitment prior lender is same as the new lender hence H-[redacted] form should be provided instead of H-[redacted]. | Reviewer Comment (2026-04-29): Not paying off Buyer Comment (2026-04-27): please cancel, this is a Closed End [redacted] lien, correct H8 (new lender) form used |
04/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | C | A | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225436633 | [Redacted] | [Redacted] | 37036116 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | NJ | Primary | Refinance - Cash-out - Other | D | C | A | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| 225438408 | [Redacted] | [Redacted] | 36254735 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225438408 | [Redacted] | [Redacted] | 36254736 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CO | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225438408 | [Redacted] | [Redacted] | 36254794 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Failure is due to missing third party verification for borrower's schedule C business and [redacted}, LLC verifying the dates of operation and good standing and [redacted]'s are not signed/dated.. In addition, the DTI exceeds the maximum. Lender is using a lower loss for [redacted}, LLC. DD calculations are -$[redacted].[redacted]. Lenders calculated loss is $[redacted]. | Reviewer Comment (2026-05-28): Received business license. Exception cleared. Reviewer Comment (2026-05-27): Explanation received from lender on which income were used, DTI issue resolved. Exception remains open due to still missing third party verifications for all employments used for qualification. Buyer Comment (2026-05-26): rebuttal upld to trl docs |
05/28/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CO | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225438408 | [Redacted] | [Redacted] | 36254795 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Employment - Schedule C | General QM: Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. | Third-party verification was not found for sole proprietor. | Reviewer Comment (2026-05-28): Received business license. Exception cleared. Buyer Comment (2026-05-27): business search for sole proprietor/insurance sales upld Reviewer Comment (2026-05-27): Explanation received from lender on which income were used, DTI issue resolved. Exception remains open due to still missing third party verification for sole proprietor. Buyer Comment (2026-05-26): rebuttal upld |
05/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225438408 | [Redacted] | [Redacted] | 36254824 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | The DTI exceeds the maximum. Lender is using a lower loss for [redacted}, LLC. DD calculations are -$[redacted].[redacted]. Lenders calculated loss is $[redacted]. | Reviewer Comment (2026-05-27): Explanation received from lender on which income were used, DTI issue resolved. Buyer Comment (2026-05-26): rebuttal upld to trl docs |
05/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225438408 | [Redacted] | [Redacted] | 36254834 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted} or more guideline components, the loan is at QM risk. | Failure is due to missing third party verification for borrower's schedule C business and [redacted}, LLC verifying the dates of operation and good standing. In addition, the DTI exceeds the maximum. Lender is using a lower loss for [redacted}, LLC. DD calculations are -$[redacted].[redacted]. Lenders calculated loss is $[redacted]. | Reviewer Comment (2026-05-27): Explanation received from lender on which income were used, DTI issue resolved. Buyer Comment (2026-05-26): rebuttal upld to trl docs |
05/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225438531 | [Redacted] | [Redacted] | 36253323 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final [redacted] | Reviewer Comment (2026-04-29): Final [redacted] received. Buyer Comment (2026-04-27): Please see attached. |
04/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225438531 | [Redacted] | [Redacted] | 36253328 | Credit | Guideline | Guideline Issue | Guideline | Guideline Issue: non-occupant co-borrower. | - | As per the [redacted], the borrower has marked 'Will you occupy the property as your primary residence?' as 'No'. The transaction is a Refinance of Cash-out. | Reviewer Comment (2026-04-29): Final [redacted] received. Buyer Comment (2026-04-27): Please see final [redacted] which shows this corrected. Please clear condition. |
04/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225438922 | [Redacted] | [Redacted] | 36252845 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-10): AVM provided as a primary valuation on a [redacted] lien. Rating is a [redacted] for [redacted] per [redacted] Securitization Bulletin. [redacted] expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of [redacted]. |
04/10/2026 | No | 2 | A | A | A | A | A | A | B | B | OH | Primary | Refinance - Rate/Term | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225438922 | [Redacted] | [Redacted] | 36252846 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No secondary appraisal or hybrid interior appraisal required | Reviewer Comment (2026-04-10): Loan is to be securitized. Appraisal/AVM was provided |
04/10/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | OH | Primary | Refinance - Rate/Term | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225438922 | [Redacted] | [Redacted] | 36252849 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-10): Client acknowledges exception. This exception is for informational purposes only and does not impact grading |
04/10/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Rate/Term | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225438922 | [Redacted] | [Redacted] | 36268289 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | Reviewer Comment (2026-04-23): Information re-validated as per available title document, H-9 right to cancel document will be used in file. Exception Cleared. Buyer Comment (2026-04-21): The H9 is correct as the [redacted] was paid off. The title report shows the $[redacted] second loan belonging to [redacted] tem #[redacted] . The loan shows the servicer [redacted] on the credit report but its [redacted] |
04/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||
| 225441056 | [Redacted] | [Redacted] | 36253391 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-10): waived |
04/10/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225441056 | [Redacted] | [Redacted] | 36253392 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-10): waived |
04/10/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225441056 | [Redacted] | [Redacted] | 36253402 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | Reviewer Comment (2026-05-13): Corrected RTC received and verified. Exception cleared. Buyer Comment (2026-05-11): rtc docs upld |
05/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225443397 | [Redacted] | [Redacted] | 36253873 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-10): Client elects to waive. |
04/10/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225443397 | [Redacted] | [Redacted] | 36253874 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-10): Client elects to waive. |
04/10/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225443397 | [Redacted] | [Redacted] | 36253876 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". Client may elect to waive. | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225443399 | [Redacted] | [Redacted] | 36253858 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-10): Client elects to waive. |
04/10/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225443399 | [Redacted] | [Redacted] | 36253859 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-10): Client elects to waive. |
04/10/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | AL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225443399 | [Redacted] | [Redacted] | 36253860 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". Client may elect to waive. | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 2 | A | A | A | A | A | A | B | B | AL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225443721 | [Redacted] | [Redacted] | 36254026 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | A copy of the final title policy was not found in the file. | Reviewer Comment (2026-04-23): Received Final Title document with correct policy amount, information validated. Exception Cleared. |
04/23/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225443721 | [Redacted] | [Redacted] | 36254032 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted} or [redacted} and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title policy amount is not provided on preliminary title report. | Reviewer Comment (2026-04-23): Received Final Title document with correct policy amount, information validated. Exception Cleared. Buyer Comment (2026-04-22): Please see attached. |
04/23/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225444208 | [Redacted] | [Redacted] | 36254739 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-14): wavied |
04/14/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225444208 | [Redacted] | [Redacted] | 36254740 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-14): waived |
04/14/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225444208 | [Redacted] | [Redacted] | 36254770 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Require tax certificate and Homeowners Insurance policy for property [redacted]. Require tax certificate for property [redacted] [redacted]. |
Reviewer Comment (2026-05-07): Missing documents and information received, exception cleared Buyer Comment (2026-05-05): [redacted] - See attached Property Details for property taxes and to confirm property type as commercial. Please See Sched [redacted] of tax returns which confirms no Insurance: this is commercial property not a residential property. [redacted] - This property is in a mobile home park as confirmed with HOI policy D[redacted]). Taxes are included in the HOA dues (D[redacted]) |
05/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225444217 | [Redacted] | [Redacted] | 36255103 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-22): Client elects to waive. Buyer Comment (2026-04-22): Please waive condition. |
04/22/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225444217 | [Redacted] | [Redacted] | 36255263 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted](a)([redacted]): Fannie Mae forms not used for closing of home equity loan. | Reviewer Comment (2026-04-24): Client elects to waive. Buyer Comment (2026-04-22): Please waive condition. |
04/24/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225446831 | [Redacted] | [Redacted] | 36259870 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-06): Client elects to waive. Buyer Comment (2026-05-05): Please clear/cancel/waive |
05/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225446831 | [Redacted] | [Redacted] | 36259872 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-05-05): ok to waive per [redacted] |
05/05/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NY | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225446839 | [Redacted] | [Redacted] | 36258230 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No secondary appraisal or hybrid interior appraisal required | Buyer Comment (2026-05-05): OK to waive per [redacted] |
05/05/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225446839 | [Redacted] | [Redacted] | 36258264 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #[redacted] | Reviewer Comment (2026-04-14): Client acknowledges exception. This exception is for informational purposes only and does not impact grading. |
04/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225446915 | [Redacted] | [Redacted] | 36259732 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | File is missing a copy of the final title policy. | Reviewer Comment (2026-05-19): Received final title. Exception cleared. |
05/19/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | MN | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225446915 | [Redacted] | [Redacted] | 36259739 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MN | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225446915 | [Redacted] | [Redacted] | 36259747 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Provided title commitment policy amount of $[redacted] is less than the note amount of $[redacted]. Escrow instructions show correct loan amount, please override. | Reviewer Comment (2026-05-19): Received final title. Exception cleared. Buyer Comment (2026-05-15): Please see attached. |
05/19/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | MN | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225446915 | [Redacted] | [Redacted] | 36259751 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Calculated debt to income ratio of [redacted][redacted]% exceeds the tape value debt to income ratio of [redacted][redacted]%. | Reviewer Comment (2026-05-07): DTI matching with [redacted] . Exception cleared. Buyer Comment (2026-05-05): Please see attached. |
05/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225446915 | [Redacted] | [Redacted] | 36259761 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to calculated debt to income ratio of [redacted][redacted]% exceeds the tape value debt to income ratio of [redacted][redacted]%. | Reviewer Comment (2026-05-07): DTI matching with [redacted] . Exception cleared. Buyer Comment (2026-05-05): Waterfall condition. Please clear. |
05/07/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | MN | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225446915 | [Redacted] | [Redacted] | 36259762 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to calculated debt to income ratio of [redacted][redacted]% exceeds the tape value debt to income ratio of [redacted][redacted]%. | Reviewer Comment (2026-05-07): DTI matching with [redacted] . Exception cleared. Buyer Comment (2026-05-05): Waterfall condition |
05/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225446915 | [Redacted] | [Redacted] | 36259767 | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Judgment account with the balance of $[redacted] required to be paid off prior to the closing. | Reviewer Comment (2026-05-07): Case search document reflecting case status as closed. Exception cleared. Buyer Comment (2026-05-05): Please see attached. |
05/07/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | MN | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225446941 | [Redacted] | [Redacted] | 36259231 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #[redacted] | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225446941 | [Redacted] | [Redacted] | 36259263 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No secondary appraisal provided | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CO | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225446941 | [Redacted] | [Redacted] | 36259265 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No secondary appraisal provided | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 2 | A | A | A | A | A | A | B | B | CO | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225448328 | [Redacted] | [Redacted] | 36259688 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225448328 | [Redacted] | [Redacted] | 36259690 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 2 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225448328 | [Redacted] | [Redacted] | 36259691 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225448337 | [Redacted] | [Redacted] | 36259103 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | No secondary appraisal or hybrid interior appraisal required | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | D | B | D | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225448337 | [Redacted] | [Redacted] | 36259104 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The supporting secondary valuation is missing. Sec ID: [redacted] | No secondary appraisal or hybrid interior appraisal required | Reviewer Comment (2026-07-21): [redacted] provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | B | D | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225448337 | [Redacted] | [Redacted] | 36259106 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-04-14): Client acknowledges exception. This exception is for informational purposes only and does not impact grading. |
04/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | B | D | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225448337 | [Redacted] | [Redacted] | 36259123 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Appraisal is not provided. | Reviewer Comment (2026-05-01): [redacted] Appraisal document received and Information updated. Exception Cleared. Buyer Comment (2026-04-30): aprsl report upld |
05/01/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | B | D | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225449547 | [Redacted] | [Redacted] | 36260019 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225450083 | [Redacted] | [Redacted] | 36267932 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225452364 | [Redacted] | [Redacted] | 36262572 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MN | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225452364 | [Redacted] | [Redacted] | 36262672 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Final Closing Disclosure (Material Disclosures) Provided to All Parties | Truth in Lending Act: Closing Disclosure was not provided to all parties whose ownership interest is or will be subject to the security interest. | We have a Closing Disclosure with an issue date of [redacted] that was signed on [redacted] howver the most recent CD issued on [redacted] that was not signed. | Reviewer Comment (2026-05-12): [redacted] received complete final CD. Buyer Comment (2026-05-11): Attached is the accurate CD signed at closing |
05/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Evidence of earlier receipt of accurate material disclosures or if unavailable, provide: CD with accurate material disclosures to all parties with right to rescind, Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form with new 3-day waiting period | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| 225452556 | [Redacted] | [Redacted] | 36264135 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-04-14): Client elects to waive. |
04/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225452556 | [Redacted] | [Redacted] | 36264202 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Tax verification document is missing. | Reviewer Comment (2026-04-29): Tax Certificate received. Details verified and updated. Exception cleared. Buyer Comment (2026-04-27): Please see attached. |
04/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225452786 | [Redacted] | [Redacted] | 36277251 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #[redacted]. | Reviewer Comment (2026-04-15): Client elects to waive. |
04/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225452786 | [Redacted] | [Redacted] | 36277258 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No secondary appraisal provided. | Reviewer Comment (2026-04-15): Client elects to waive. |
04/15/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225452786 | [Redacted] | [Redacted] | 36277259 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" Client may elect to waive. | Buyer Comment (2026-04-30): Please waive per CNR |
04/30/2026 | No | 2 | A | A | A | A | A | A | B | B | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225452786 | [Redacted] | [Redacted] | 36277266 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Tax and insurance not provided. | Reviewer Comment (2026-06-16): Received revised hazard insurance policy with updated address and amount. Exception cleared. Buyer Comment (2026-06-13): Please see attached. Reviewer Comment (2026-06-09): Tax document received and updated, provided insurance document does not verify the property address and premium amount, please provided the complete copy. Buyer Comment (2026-06-08): Please see attached |
06/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225453185 | [Redacted] | [Redacted] | 36271827 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-15): Waived |
04/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Rate/Term | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225453458 | [Redacted] | [Redacted] | 36271981 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-15): Waived |
04/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MT | Second Home | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225453458 | [Redacted] | [Redacted] | 36271982 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-15): waived |
04/15/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | MT | Second Home | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225453458 | [Redacted] | [Redacted] | 36271983 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-15): waived |
04/15/2026 | No | 2 | A | A | A | A | A | A | B | B | MT | Second Home | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225453458 | [Redacted] | [Redacted] | 36271984 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Data discrepancy with DTI. Lender DTI [redacted][redacted]%, Review DTI [redacted]%. The reason for this discrepancy is due to tax and insurance of borrower's primary residence are under disclosed in lender's [redacted]. | Reviewer Comment (2026-05-11): Received corrected [redacted] and [redacted] with updated DTI. Exception Cleared. Buyer Comment (2026-05-07): Please see attached updated [redacted] correcting primary housing debt. In addition, Please refer to the credit supplement D[redacted] which shows the [redacted] debt with the payment of $[redacted] has been paid off. Lastly, please see updated income worksheet to get a bit more aggressive with his income. Borrower has a history of total income being higher than salary therefore we are using income of $[redacted] (YTD + [redacted] W-2). This brings the borrower's ratios to [redacted] (below the [redacted] % threshold) Buyer Comment (2026-05-07): Please see attached updated [redacted] correcting primary housing debt. In addition, Please refer to the credit supplement D[redacted] which shows the [redacted] debt with the payment of $[redacted] has been paid off. Lastly, please see updated income worksheet to get a bit more aggressive with his income. Borrower has a history of total income being higher than salary therefore we are using income of $[redacted] (YTD + [redacted] W-2). This brings the borrower's ratios to [redacted] (below the [redacted] % threshold) Buyer Comment (2026-05-07): Please see attached updated[redacted] correcting primary housing debt. In addition, Please refer to the credit supplement D[redacted] which shows the [redacted] debt with the payment of $[redacted] has been paid off. Lastly, please see updated income worksheet to get a bit more aggressive with his income. Borrower has a history of total income being higher than salary therefore we are using income of $[redacted] (YTD + [redacted] W-2). This brings the borrower's ratios to [redacted] (below the [redacted] % threshold) |
05/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MT | Second Home | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225453458 | [Redacted] | [Redacted] | 36271997 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI discrepancy. | Reviewer Comment (2026-05-11): Received corrected [redacted] and [redacted] with updated DTI. Exception Cleared. Buyer Comment (2026-05-07): Please see attached updated [redacted] correcting primary housing debt. In addition, Please refer to the credit supplement D[redacted] which shows the [redacted] debt with the payment of $[redacted] has been paid off. Lastly, please see updated income worksheet to get a bit more aggressive with his income. Borrower has a history of total income being higher than salary therefore we are using income of $[redacted] (YTD + [redacted] W-2). This brings the borrower's ratios to [redacted] (below the [redacted] % threshold) |
05/11/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | MT | Second Home | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225453458 | [Redacted] | [Redacted] | 36271998 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to DTI discrepancy. | Reviewer Comment (2026-05-11): Received corrected [redacted] and [redacted] with updated DTI. Exception Cleared. Buyer Comment (2026-05-07): Please see attached updated [redacted] correcting primary housing debt. In addition, Please refer to the credit supplement D[redacted] which shows the [redacted] debt with the payment of $[redacted] has been paid off. Lastly, please see updated income worksheet to get a bit more aggressive with his income. Borrower has a history of total income being higher than salary therefore we are using income of $[redacted] (YTD + [redacted] W-2). This brings the borrower's ratios to [redacted] (below the [redacted] % threshold) |
05/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MT | Second Home | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225453540 | [Redacted] | [Redacted] | 36277539 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-15): Client elects to waive. |
04/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225453540 | [Redacted] | [Redacted] | 36277548 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Tax verification documents missing. | Reviewer Comment (2026-04-20): Received tax cert. Exception Cleared. Buyer Comment (2026-04-16): Please see attached. |
04/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225453542 | [Redacted] | [Redacted] | 36273354 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a second lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". Client may elect to waive. | Buyer Comment (2026-05-05): Please waive per [redacted] |
05/05/2026 | No | 2 | A | A | A | A | A | A | B | B | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225453542 | [Redacted] | [Redacted] | 36273356 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM provided. No secondary valuation was provided. | Reviewer Comment (2026-04-15): Client elects to waive. |
04/15/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225453542 | [Redacted] | [Redacted] | 36273357 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-15): Client elects to waive. |
04/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225453542 | [Redacted] | [Redacted] | 36286142 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Failure due to it appears the lender is counting the taxes and insurance on the primary housing [redacted}. Taxes and insurance are escrowed in the $[redacted] payment. | Reviewer Comment (2026-06-16): Received updated [redacted] and DTI is matching. Exception cleared. Buyer Comment (2026-06-14): Please see updated [redacted] Reviewer Comment (2026-05-27): Bid Tape is still reflecting DTI [redacted] % which needs to update DTI [redacted] % to clear the condition. Exception remains. Buyer Comment (2026-05-22): Please see attached. Reviewer Comment (2026-05-07): HOA document for primary property Missing in loan file. Exception remains. Buyer Comment (2026-05-05): Please see attached |
06/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225453542 | [Redacted] | [Redacted] | 36286364 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing [redacted} or more guideline components, the loan is at ATR risk. | Loan is failing due to DTI discrepancy. The lender is counting taxes and insurance on the primary residence twice. | Reviewer Comment (2026-06-16): Received updated [redacted] and DTI is matching. Exception cleared. Buyer Comment (2026-06-14): Waterfall. Please clear Reviewer Comment (2026-05-27): Bid Tape is still reflecting DTI [redacted] % which needs to update DTI [redacted] % to clear the condition. Exception remains. Buyer Comment (2026-05-22): Waterfall. Please clear. Reviewer Comment (2026-05-07): HOA document for primary property Missing in loan file. Exception remains. Buyer Comment (2026-05-05): Waterfall condition. Please clear. |
06/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225454663 | [Redacted] | [Redacted] | 36275533 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Variation in DTI due to UW considering [redacted]% of the unpaid balance of the student loan $[redacted]. | Reviewer Comment (2026-06-09): The bid tape has been updated. Exception cleared. Buyer Comment (2026-06-08): please clear, the bid tape has been updated, dti is [redacted] % Reviewer Comment (2026-05-27): Bid tape is still reflecting at DTI [redacted] %, [redacted] would need to provide updated Bid Tape for the DTI. Exception Remains. Buyer Comment (2026-05-22): bid tape has been corrected, please clear Reviewer Comment (2026-05-05): The discrepancy is in the bid tape that was provided to us when the loan was uploaded via the portal. To correct this, [redacted] would need to provide updated Bid tape for the DTI. Exception Remains. Buyer Comment (2026-05-04): revised [redacted] upld |
06/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225454663 | [Redacted] | [Redacted] | 36275535 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted} or [redacted} and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-05-05): Supplemental Title Report with coverage amount $[redacted] received and associated. Exception cleared. Buyer Comment (2026-05-05): title supplement upld |
05/05/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225454663 | [Redacted] | [Redacted] | 36275576 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No secondary appraisal provided - raise exception. | Reviewer Comment (2026-04-15): waived |
04/15/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225454663 | [Redacted] | [Redacted] | 36275581 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-15): wavied |
04/15/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225454663 | [Redacted] | [Redacted] | 36275599 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #[redacted] | Reviewer Comment (2026-04-15): wavied |
04/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225455027 | [Redacted] | [Redacted] | 36275912 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #[redacted] | Reviewer Comment (2026-04-15): waived |
04/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225455231 | [Redacted] | [Redacted] | 36277904 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-15): waived |
04/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Purchase | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225459035 | [Redacted] | [Redacted] | 36277832 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-15): Client elects to waive. |
04/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225459035 | [Redacted] | [Redacted] | 36277837 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted](a)([redacted]): Fannie Mae forms not used for closing of home equity loan. | Reviewer Comment (2026-04-20): Client elects to waive. Buyer Comment (2026-04-16): Please waive condition. |
04/20/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225460081 | [Redacted] | [Redacted] | 36278809 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-15): Client elects to waive. |
04/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | WA | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||
| 225460081 | [Redacted] | [Redacted] | 36278817 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Secondary valuation is missing, as would be required for securitization. | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | WA | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||
| 225460081 | [Redacted] | [Redacted] | 36278845 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Variance in DTI as calculation of REO properties does not match the [redacted] documents. The P&I amount considered for the subject transaction's first lien is different. | Reviewer Comment (2026-05-14): Received updated [redacted] and [redacted] with corrected Income consider for qualification for both borrower. Exception Cleared. Buyer Comment (2026-05-12): Recalculated the income for both borrowers. Added the additional [redacted] pay to B1 and recalculated B2 income - B2 income was shorted. Updated income worksheet for B2, [redacted] and [redacted] . DTI now [redacted] Buyer Comment (2026-05-12): Recalculated the income for both borrowers. Added the additional [redacted] pay to B1 and recalculated B2 income - B2 income was shorted. Updated income worksheet for [redacted] and [redacted] . DTI now [redacted] |
05/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||
| 225460081 | [Redacted] | [Redacted] | 36278878 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Variance in DTI as calculation of REO properties does not match the [redacted] documents. The P&I amount considered for the subject transaction's first lien is different. | Reviewer Comment (2026-05-14): Received updated [redacted] and [redacted] with corrected Income consider for qualification for both borrower. Exception Cleared. Buyer Comment (2026-05-12): See uploads |
05/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||
| 225460081 | [Redacted] | [Redacted] | 37036383 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM does not support the value used to qualify | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | WA | Investment | Refinance - Cash-out - Other | D | C | C | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||||||
| 225460131 | [Redacted] | [Redacted] | 36277990 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-04): Client elects to waive. |
05/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225462347 | [Redacted] | [Redacted] | 36279199 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-14): Client elects to waive. Buyer Comment (2026-05-13): Please see updated [redacted] |
05/14/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225462347 | [Redacted] | [Redacted] | 36279215 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Variance in DTI as P&I amount for 1st lien does not match the [redacted] document. | Reviewer Comment (2026-05-12): Updated [redacted] showing DT [redacted] % Buyer Comment (2026-05-08): Please see updated [redacted] |
05/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225462347 | [Redacted] | [Redacted] | 36279243 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall due to variance in DTI as P&I amount for 1st lien does not match the [redacted] document. | Reviewer Comment (2026-05-12): Updated [redacted] showing DT [redacted] % Reviewer Comment (2026-05-12): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. Buyer Comment (2026-05-08): : Please see updated [redacted] |
05/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225462931 | [Redacted] | [Redacted] | 36282885 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction due to second lien. | Reviewer Comment (2026-05-01): Client elects to waive. Buyer Comment (2026-04-30): Please clear waterfall condition. |
05/01/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 225462931 | [Redacted] | [Redacted] | 36282893 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No secondary valuation was provided in the file. | Buyer Comment (2026-04-30): Please waive per [redacted] |
04/30/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225462931 | [Redacted] | [Redacted] | 36282896 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No appraisal or hybrid interior appraisal was provided in the file. | Buyer Comment (2026-04-30): Please waive per [redacted] |
04/30/2026 | No | 2 | A | A | A | A | A | A | B | B | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225463219 | [Redacted] | [Redacted] | 36283128 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction due to second lien. | Reviewer Comment (2026-04-16): Client elects to waive. |
04/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225463690 | [Redacted] | [Redacted] | 36284256 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" Client may elect to waive. | Buyer Comment (2026-05-01): ok to waive |
05/01/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225463690 | [Redacted] | [Redacted] | 36284257 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-16): Client elects to waive. |
04/16/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225463690 | [Redacted] | [Redacted] | 36284258 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-16): Client elects to waive. |
04/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225463817 | [Redacted] | [Redacted] | 36279473 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-17): waived |
04/17/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225463819 | [Redacted] | [Redacted] | 36284308 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-16): waived |
04/16/2026 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225463819 | [Redacted] | [Redacted] | 36284309 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-16): waived |
04/16/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225463819 | [Redacted] | [Redacted] | 36284311 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-16): Waived |
04/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225463819 | [Redacted] | [Redacted] | 36284312 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | The Hazard Insurance Policy Effective Date is after the later of the disbursement. | Reviewer Comment (2026-05-01): Received HOI policy starting from [redacted] Exception Cleared. Buyer Comment (2026-04-29): Hazard in place at closing |
05/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225463820 | [Redacted] | [Redacted] | 36284438 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | As per [redacted], exception for [redacted][redacted] months self-employed, missing exception request and approval form. | Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The refinance has decreased the borrower's monthly debt payments by [redacted]% or more. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Occupancy: [redacted] Documentation Type: [redacted] Disposable Income: $[redacted] Combined Loan to Value: [redacted]% Guideline Maximum Combined Loan to Value: [redacted]% Loan Purpose: [redacted] Monthly Debt Reduction: [redacted]% Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-05-08): Lender Exception with Compensating Factors provided. Buyer Comment (2026-05-06): Please see attached approved Exception |
05/08/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 225463820 | [Redacted] | [Redacted] | 36284440 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-16): waived |
04/16/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225463820 | [Redacted] | [Redacted] | 36284441 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-16): waived |
04/16/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225463820 | [Redacted] | [Redacted] | 36284442 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-16): waived |
04/16/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225463820 | [Redacted] | [Redacted] | 36284446 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Loan disbursed on [redacted] as per Final Closing Disclosure, prior to three ([redacted]) business days from transaction date of [redacted]. | Reviewer Comment (2026-05-22): Received corrected RTC, letter to borrower, evidence of borrower's receipt at least [redacted] days prior to the new rescission date. Condition cleared. Buyer Comment (2026-05-20): Please see attached cover letter, RTC with new dates, proof of receipt of RTC |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225464145 | [Redacted] | [Redacted] | 36296076 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Final Title Policy is not provided in the file. | Reviewer Comment (2026-05-08): Title search provided. Final title policy not required. |
05/08/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | |||||||||||
| 225464145 | [Redacted] | [Redacted] | 36296079 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Variation in DTI due to UW considered First P&I amount along with escrowed. | Reviewer Comment (2026-05-05): Updated [redacted] provided DTI [redacted] % Buyer Comment (2026-05-04): revised[redacted] upld Buyer Comment (2026-05-04): revised [redacted] upld |
05/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||
| 225464145 | [Redacted] | [Redacted] | 36296082 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | "This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #[redacted] " |
Reviewer Comment (2026-04-20): Waived |
04/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | |||||||||||
| 225464145 | [Redacted] | [Redacted] | 36296099 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No secondary appraisal provided | Reviewer Comment (2026-04-20): Waived |
04/20/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||||
| 225464145 | [Redacted] | [Redacted] | 36296204 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy does not reflect a coverage amount (no final title policy in file). Unable to determine if appropiate coverage is provided. | Reviewer Comment (2026-05-08): Title search provided. Final title policy not required. Buyer Comment (2026-05-06): please cancel, this is an unsecured [redacted] lien, the o&e report was provided on [redacted] |
05/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||||
| 225464145 | [Redacted] | [Redacted] | 36296211 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-20): waived |
04/20/2026 | No | 2 | A | A | A | A | A | A | B | B | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||||
| 225464145 | [Redacted] | [Redacted] | 36296237 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) | [redacted] Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | Non-compliant HPML due to missing [redacted] HPML disclosure |
Reviewer Comment (2026-05-05): Document provided Buyer Comment (2026-05-04): net tangible benefit upld |
05/05/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||
| 225464145 | [Redacted] | [Redacted] | 36296238 | Compliance | Compliance | State Compliance | State HPML | [redacted] HPML Threshold Test Non-Compliant | [redacted] Higher-Priced Mortgage Loan: APR on subject loan of [redacted][redacted]% or Final Disclosure APR of [redacted][redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted][redacted]%. Non-Compliant Higher Priced Loan. | Non-compliant HPML due to missing [redacted] HPML disclosure |
Reviewer Comment (2026-05-05): updated documents provided Buyer Comment (2026-05-04): net tangible benefit upld to trl docs |
05/05/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||
| 225464145 | [Redacted] | [Redacted] | 36296281 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted][redacted]% or Final Disclosure APR of [redacted][redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted][redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Loan is non-compliant HPML due to missing evidence of appraisal delivery [redacted} days prior to closing. | Reviewer Comment (2026-05-05): Updated [redacted] provided Buyer Comment (2026-05-04): please cancel, aprsl delivery confirmation is on [redacted] |
05/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||
| 225464145 | [Redacted] | [Redacted] | 36296282 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank [redacted]): Safe Harbor requirements not satisfied. | Waterfall due to QM points and fee | Reviewer Comment (2026-05-05): Updated [redacted] provided Buyer Comment (2026-05-04): net tangible benefit upld to trl docs |
05/05/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||
| 225464145 | [Redacted] | [Redacted] | 36296283 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal - Did Not Physically Visit) | TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Appraisal not performed by a certified or licensed appraiser who conducted a physical visit to the property. | Waterfall due to QM points and fee | Reviewer Comment (2026-05-05): Updated [redacted] provided Buyer Comment (2026-05-04): net tangible benefit upld to trl docs |
05/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||
| 225464145 | [Redacted] | [Redacted] | 36296284 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Higher Priced QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to QM points and fee | Reviewer Comment (2026-05-05): Updated [redacted] provided Buyer Comment (2026-05-04): net tangible benefit upld to trl docs |
05/05/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | MD | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | Yes | |||||||||
| 225464145 | [Redacted] | [Redacted] | 36296285 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to QM points and fee | Reviewer Comment (2026-05-05): Updated [redacted] provided Buyer Comment (2026-05-04): net tangible benefit upld to trl docs |
05/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||
| 225464145 | [Redacted] | [Redacted] | 36399592 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided Timely) | [redacted] Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for prior to closing. | [redacted] Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for prior to closing. | Reviewer Comment (2026-05-05): updated documents provided |
05/05/2026 | No | 1 | A | A | A | A | A | MD | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | |||||||||||||||
| 225464193 | [Redacted] | [Redacted] | 36284515 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-19): Client acknowledges exception. This exception is for informational purposes only and does not impact grading. |
04/19/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225464193 | [Redacted] | [Redacted] | 36284541 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | DTI of [redacted][redacted]% exceeds the guideline maximum of [redacted]%. Approval and [redacted] reflect monthly credit obligations of $[redacted]; calculated obligations total $[redacted]. Exclusion reason for the [redacted}Portfolio payment of $[redacted] was not provided in the file. | Reviewer Comment (2026-05-21): Cleared Buyer Comment (2026-05-19): Please use the higher amount of the PITI that is reflected on the mortgage statement of $[redacted] . Even thought the tax and insurance is lower "per the document on the file" The borrower is actually paying the full amount of $[redacted] which is the most accurate representation of the borrower's debt. No Updated [redacted] is required to update payments/debt ratio. Debt needs to be corrected on your end. Thank you. Reviewer Comment (2026-05-11): Received [redacted] months third party bank statement who is liable to pay non-REO liability of [redacted] Portfolio. Re-calculated debt to income ratio is [redacted] % which is not matching with investor calculated ratio of [redacted] %. For the first lien monthly payment to be considered as $[redacted] which includes taxes and insurance of $[redacted] . Taxes & insurance is $[redacted] per the documents on the file. Require updated form [redacted] along with final 1003 application as calculated debt to income ratio differs from investor debt to income ratio. Exception remains. Buyer Comment (2026-05-07): There is no [redacted] Portfolio Payment for $[redacted] however do you mean the [redacted] Portfolio Payment for $[redacted] ? Please see attached bank statements for past [redacted] months showing debt is paid by another party. Monthly obligation of $[redacted] is accurate. Also please note your PITI on the subject property is not accurate. Please use the Higher payment of $[redacted] as reflected on the Mortgage Statement as breaking it out is coming in lower and is not reflective of what the borrower actually pays each month. |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225464193 | [Redacted] | [Redacted] | 36284543 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | DTI of [redacted][redacted]% exceeds the guideline maximum of [redacted]%. Approval and [redacted] reflect monthly credit obligations of $[redacted]; calculated obligations total $[redacted]. Exclusion reason for the [redacted}Portfolio payment of $[redacted] was not provided in the file. | Reviewer Comment (2026-05-21): cleared Buyer Comment (2026-05-19): Please use the higher amount of the PITI that is reflected on the mortgage statement of $[redacted] . Even thought the tax and insurance is lower "per the document on the file" The borrower is actually paying the full amount of $[redacted] which is the most accurate representation of the borrower's debt. No Updated [redacted] is required to update payments/debt ratio. Debt needs to be corrected on your end. Thank you. Reviewer Comment (2026-05-11): Received [redacted] months third party bank statement who is liable to pay non-REO liability of [redacted] Re-calculated debt to income ratio is [redacted] % which is not matching with investor calculated ratio of [redacted] %. For the first lien monthly payment to be considered as $[redacted] which includes taxes and insurance of $[redacted] . Taxes & insurance is $[redacted] per the documents on the file. Require updated form [redacted] along with final [redacted] application as calculated debt to income ratio differs from investor debt to income ratio. Exception remains. Buyer Comment (2026-05-07): There is no [redacted] Portfolio Payment for $[redacted] however do you mean the [redacted] Portfolio Payment for $[redacted] ? Please see attached bank statements for past [redacted] months showing debt is paid by another party. Monthly obligation of $[redacted] is accurate. Also please note your PITI on the subject property is not accurate. Please use the Higher payment of $[redacted] as reflected on the Mortgage Statement as breaking it out is coming in lower and is not reflective of what the borrower actually pays each month. |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225464200 | [Redacted] | [Redacted] | 36285230 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-20): waived |
04/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225464200 | [Redacted] | [Redacted] | 36285254 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Data Discrepancy with DTI. Lender DTI [redacted]%, Review DTI [redacted]%. The Reason for the discrepancy is due to Primary property expenses as per the [redacted] expenses considered is $[redacted] but as per the provided documents PITI is $[redacted]. Due to which variance in DTI. Also 1st lien Taxes and Insurance not considered in the provided [redacted]. | Reviewer Comment (2026-05-13): Updated [redacted]received. Buyer Comment (2026-05-11): [redacted] |
05/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225464200 | [Redacted] | [Redacted] | 36285264 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | For the REO property # [redacted] [redacted}, Rental Income has been calculated for monthly $[redacted] as rent; but Lease agreement was not provided. | Reviewer Comment (2026-05-05): Received lease agreement. Exception cleared. Buyer Comment (2026-05-01): Lease |
05/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225464221 | [Redacted] | [Redacted] | 36284944 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-19): Client acknowledges exception. This exception is for informational purposes only and does not impact grading. |
04/19/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NE | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225464221 | [Redacted] | [Redacted] | 36284947 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-19): Valuation provided is acceptable. |
04/19/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NE | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225464221 | [Redacted] | [Redacted] | 36284948 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-19): Valuation provided is acceptable. |
04/19/2026 | No | 2 | A | A | A | A | A | A | B | B | NE | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225464548 | [Redacted] | [Redacted] | 36285213 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-19): Client acknowledges exception. This exception is for informational purposes only and does not impact grading. |
04/19/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||||
| 225464548 | [Redacted] | [Redacted] | 36285222 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted](a)([redacted]): Fannie Mae forms not used for closing of home equity loan. | Buyer Comment (2026-05-12): ok to waive |
05/12/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | B | B | A | A | B | B | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||
| 225465696 | [Redacted] | [Redacted] | 36292864 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-19): Valuation provided is acceptable. |
04/19/2026 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225465696 | [Redacted] | [Redacted] | 36292865 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-19): Valuation provided is acceptable. |
04/19/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225465696 | [Redacted] | [Redacted] | 36292868 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-19): Client acknowledges exception. This exception is for informational purposes only and does not impact grading. |
04/19/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225465728 | [Redacted] | [Redacted] | 36292884 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-19): Client acknowledges exception. This exception is for informational purposes only and does not impact grading. |
04/19/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225465728 | [Redacted] | [Redacted] | 36292885 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-19): Valuation provided is acceptable. |
04/19/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | PA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225465728 | [Redacted] | [Redacted] | 36292886 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-19): Valuation provided is acceptable. |
04/19/2026 | No | 2 | A | A | A | A | A | A | B | B | PA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225465829 | [Redacted] | [Redacted] | 36292924 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-20): Valuation provided is acceptable. |
04/20/2026 | No | 2 | A | A | A | A | A | A | B | B | UT | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225465829 | [Redacted] | [Redacted] | 36292926 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-20): Valuation provided is acceptable. |
04/20/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | UT | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225465829 | [Redacted] | [Redacted] | 36292927 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-20): Client acknowledges exception. This exception is for informational purposes only and does not impact grading. |
04/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225466158 | [Redacted] | [Redacted] | 36293631 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-20): Waived. |
04/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225466158 | [Redacted] | [Redacted] | 36293633 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted} or [redacted} and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-05-18): Received short form. Buyer Comment (2026-05-14): Updated title |
05/18/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225466158 | [Redacted] | [Redacted] | 36293649 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Final title policy was not found in file. | Reviewer Comment (2026-05-18): Received short form. |
05/18/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225466445 | [Redacted] | [Redacted] | 36296991 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #[redacted] | Reviewer Comment (2026-04-20): waived |
04/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | DE | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225466445 | [Redacted] | [Redacted] | 36297045 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI is exactly matching on [redacted] with [redacted]. However, Bid Tap reflects [redacted]%, but on [redacted] is updated as [redacted]%. | Reviewer Comment (2026-05-20): Corrected 1008 received and DTI is matching with 1008. Exception cleared. Buyer Comment (2026-05-18): Updated 1008/1003 . Bid tape adjustment requested Reviewer Comment (2026-05-13): $[redacted]is P&I , taxes and insurance are not included in it, The correct DTI should be [redacted]%, exception remains. Buyer Comment (2026-05-11): See escrows included Reviewer Comment (2026-05-04): Taxes and insurance are not included in the first mortgage payment. The P&I amount of $[redacted]reflects principal and interest only, however, the DTI remains at [redacted]%. Exception Remains. Buyer Comment (2026-05-01): Correct DTI is [redacted]% as per bid tape. There was a double hit for the taxes and insurance for the subject as its impounded |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | DE | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225466445 | [Redacted] | [Redacted] | 36297210 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to QM points and fees. | Reviewer Comment (2026-05-20): Corrected 1008 received and DTI is matching with 1008. Exception cleared. |
05/20/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | DE | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225466445 | [Redacted] | [Redacted] | 36297211 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Waterfall due to QM points and fees. | Reviewer Comment (2026-05-20): Corrected 1008 received and DTI is matching with 1008. Exception cleared. |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | DE | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225466637 | [Redacted] | [Redacted] | 36298142 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction due to second lien. | Reviewer Comment (2026-04-20): Client elects to waive. |
04/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225466637 | [Redacted] | [Redacted] | 36298227 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate | Reviewer Comment (2026-05-04): [redacted]received LOA. Buyer Comment (2026-05-01): Please see attached. |
05/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225466637 | [Redacted] | [Redacted] | 36298228 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold | Reviewer Comment (2026-05-04): [redacted]received LOA. Buyer Comment (2026-05-01): Please see attached. |
05/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225466761 | [Redacted] | [Redacted] | 36295327 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B. Client may elect to waive. | Buyer Comment (2026-05-06): Ok to Waive per [redacted] |
05/06/2026 | No | 2 | A | A | A | A | A | A | B | B | ID | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225466761 | [Redacted] | [Redacted] | 36295330 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM provided. No secondary valuation was provided. | Reviewer Comment (2026-04-20): Client elects to waive. |
04/20/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | ID | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225466761 | [Redacted] | [Redacted] | 36295338 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-20): Client elects to waive. |
04/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | ID | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225466766 | [Redacted] | [Redacted] | 36296888 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Final Title Policy is not provided in the file. | Reviewer Comment (2026-06-02): Final Title Received, exception cleared |
06/02/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225466766 | [Redacted] | [Redacted] | 36296926 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted} or [redacted} and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title policy amount is not given in the policy document. | Reviewer Comment (2026-06-02): Final Title Received, exception cleared Buyer Comment (2026-06-01): final policy upld |
06/02/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225466766 | [Redacted] | [Redacted] | 36296930 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted} or [redacted} and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title policy amount is not given in the policy document. | Reviewer Comment (2026-06-02): Final Title Received, exception cleared Buyer Comment (2026-06-01): final policy upld to trl docs |
06/02/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225466766 | [Redacted] | [Redacted] | 36296947 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction due to second lien. | Reviewer Comment (2026-04-20): Client elects to waive. |
04/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225467935 | [Redacted] | [Redacted] | 36298460 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-20): Client elects to waive. |
04/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225467935 | [Redacted] | [Redacted] | 36298462 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225467935 | [Redacted] | [Redacted] | 37036436 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM does not support the value used to qualify. | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | CA | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225468100 | [Redacted] | [Redacted] | 36298547 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted](a)([redacted]): [redacted} forms not used for closing of home equity loan. | [redacted] forms not used for closing of home equity loan. | Reviewer Comment (2026-05-07): Client elects to waive. Buyer Comment (2026-05-05): please cancel, the attorney prepares the docs for this loan program |
05/07/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| 225468100 | [Redacted] | [Redacted] | 36298567 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI variance due to difference in first mortgage P&I. Total debt $[redacted] / income $[redacted] = [redacted]%. | Reviewer Comment (2026-05-07): Received Revised 1003 and 1008, MIP/PMI amount $[redacted]is excluded from current liabilities as it's part of escrow payment of 1st lien, information validated. Exception Cleared. Buyer Comment (2026-05-05): revised 1008/1003 upld, please remove the $[redacted]mip/pmi from credit liabilities. it is part of the escrow payment for the the [redacted]. |
05/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225468100 | [Redacted] | [Redacted] | 36298571 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-20): Client elects to waive. |
04/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225468100 | [Redacted] | [Redacted] | 36298590 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan designation mismatch due to DTI variance because of difference in first mortgage P&I. Total debt $[redacted] / income $[redacted] = [redacted][redacted]%. | Reviewer Comment (2026-05-07): Received Revised 1003 and 1008, MIP/PMI amount $[redacted]is excluded from current liabilities as it's part of escrow payment of 1st lien, information validated. Exception Cleared. Buyer Comment (2026-05-05): revised 1008/1003 upld to trl docs, please remove the $[redacted]mip/pmi from credit liabilities. it is part of the escrow payment for the the [redacted]. |
05/07/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225468100 | [Redacted] | [Redacted] | 36298591 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Loan designation mismatch due to DTI variance because of difference in first mortgage P&I. Total debt $[redacted] / income $[redacted] = [redacted][redacted]%. | Reviewer Comment (2026-05-07): Received Revised 1003 and 1008, MIP/PMI amount $[redacted]is excluded from current liabilities as it's part of escrow payment of 1st lien, information validated. Exception Cleared. Buyer Comment (2026-05-05): revised 1008/1003 upld to trl docs, please remove the $[redacted]mip/pmi from credit liabilities. it is part of the escrow payment for the the [redacted]. |
05/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225469423 | [Redacted] | [Redacted] | 36300014 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-20): Client elects to waive. |
04/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225469856 | [Redacted] | [Redacted] | 36300771 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-04-20): Client elects to waive. |
04/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | D | A | A | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225469856 | [Redacted] | [Redacted] | 36300797 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | MI | Primary | Refinance - Cash-out - Other | D | A | A | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225469856 | [Redacted] | [Redacted] | 36300833 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | Since the loan is not paying off a same lender mortgage, transaction is not considered a lender-to-lender refinance and H8 is required. | Reviewer Comment (2026-05-21): Corrected RTC form received and verified. Exception cleared. Buyer Comment (2026-05-19): Please see Cover Letter, new RTC, proof of receipt and recission period. |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | A | A | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225469857 | [Redacted] | [Redacted] | 36304419 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | TN | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | |||||||||||||
| 225469857 | [Redacted] | [Redacted] | 36304423 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | VA verification benefit award letter is missing. | Reviewer Comment (2026-05-19): Received VA verification benefit letter. Exception cleared.. Buyer Comment (2026-05-15): Watefall condition.Please clear. |
05/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | ||||||||||
| 225469857 | [Redacted] | [Redacted] | 36304486 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. | Reviewer Comment (2026-04-20): Client elects to waive. |
04/20/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | |||||||||||
| 225469857 | [Redacted] | [Redacted] | 36304500 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | VA verification benefit award letter is missing. | Reviewer Comment (2026-05-19): Received VA verification benefit letter. Exception cleared.. Buyer Comment (2026-05-15): The borrower has VA disability benefits. Please see the attached COE confirming monthly amount. |
05/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | |||||||||||
| 225469857 | [Redacted] | [Redacted] | 36304506 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | VA verification benefit award letter is missing. | Reviewer Comment (2026-05-19): Received VA verification benefit letter. Exception cleared.. Buyer Comment (2026-05-15): Watefall condition.Please clear. |
05/19/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | TN | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | D | B | C | A | C | A | D | B | Non QM | Non QM | Yes | |||||||||
| 225469857 | [Redacted] | [Redacted] | 36304507 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | VA verification benefit award letter is missing. | Reviewer Comment (2026-05-19): Received VA verification benefit letter. Exception cleared.. Buyer Comment (2026-05-15): Watefall condition.Please clear. |
05/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | ||||||||||
| 225469857 | [Redacted] | [Redacted] | 36304509 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | VA verification benefit award letter is missing. | Reviewer Comment (2026-05-19): Received VA verification benefit letter. Exception cleared.. Buyer Comment (2026-05-15): Watefall condition.Please clear. |
05/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | ||||||||||
| 225469857 | [Redacted] | [Redacted] | 36304512 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | VA verification benefit award letter is missing. | Reviewer Comment (2026-05-19): Received VA verification benefit letter. Exception cleared.. Buyer Comment (2026-05-15): Watefall condition.Please clear. |
05/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | |||||||||||
| 225469857 | [Redacted] | [Redacted] | 36532966 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Reviewer Comment (2026-05-19): Received VA verification benefit letter. Exception cleared.. |
05/19/2026 | No | 1 | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | ||||||||||||||||
| 225469857 | [Redacted] | [Redacted] | 37036563 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value supports the "Use for LTV" value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value supports the "Use for LTV" value. | Reviewer Comment (2026-07-28): Client elects to waive. Per client, per [redacted] Guidelines only require one valuation product. |
07/28/2026 | No | 2 | B | A | A | A | TN | Primary | Refinance - Cash-out - Other | D | B | C | A | C | A | D | B | Non QM | Non QM | No | ||||||||||||||||
| 225469913 | [Redacted] | [Redacted] | 36302690 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | [redacted] Months of Business Statements are missing from [redacted] to [redacted] & [redacted] respectively. | Reviewer Comment (2026-05-14): Received bank statement. Exception cleared. Buyer Comment (2026-05-12): Please see attached back statements |
05/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225469913 | [Redacted] | [Redacted] | 36302702 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Secondary valuation is missing. | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | FL | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225469913 | [Redacted] | [Redacted] | 36302725 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | [redacted] Months of Business Statements are missing from [redacted] to [redacted] & [redacted] respectively. | Reviewer Comment (2026-05-14): Received bank statement. Exception cleared. Buyer Comment (2026-05-12): Please see attached back statements |
05/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225469913 | [Redacted] | [Redacted] | 36302762 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | [redacted] Months of Business Statements are missing from [redacted] to [redacted] & [redacted] respectively. | Reviewer Comment (2026-05-14): Received bank statement. Exception cleared. Buyer Comment (2026-05-12): Please see attached back statements |
05/14/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225469913 | [Redacted] | [Redacted] | 36302763 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | [redacted] Months of Business Statements are missing from [redacted] to [redacted] & [redacted] respectively. | Reviewer Comment (2026-05-14): Received bank statement. Exception cleared. Buyer Comment (2026-05-12): Please see attached back statements |
05/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225469913 | [Redacted] | [Redacted] | 36302764 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | [redacted] Months of Business Statements are missing from [redacted] to [redacted] & [redacted] respectively. | Reviewer Comment (2026-05-14): Received bank statement. Exception cleared. Buyer Comment (2026-05-12): Please see attached back statements |
05/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225469913 | [Redacted] | [Redacted] | 36302767 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS/Guideline Findings: All conditions were not met | [redacted] Months of Business Statements are missing from [redacted] to [redacted] & [redacted] respectively. | Reviewer Comment (2026-05-14): Received bank statement. Exception cleared. Buyer Comment (2026-05-12): Please see attached back statements |
05/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225469913 | [Redacted] | [Redacted] | 36303785 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-12): Client elects to waive. Buyer Comment (2026-05-12): Please see attached back statements |
05/12/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225469913 | [Redacted] | [Redacted] | 36303788 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | [redacted] Months of Business Statements are missing from [redacted] to [redacted] & [redacted] respectively. | Reviewer Comment (2026-05-14): Received bank statement. Exception cleared. Buyer Comment (2026-05-12): Please see attached back statements |
05/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225469913 | [Redacted] | [Redacted] | 37036638 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM does not support the value used to qualify. | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | FL | Primary | Refinance - Cash-out - Other | D | C | C | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225471807 | [Redacted] | [Redacted] | 36305044 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-20): Client elects to waive. |
04/20/2026 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225471807 | [Redacted] | [Redacted] | 36305045 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-20): Client elects to waive. |
04/20/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225471807 | [Redacted] | [Redacted] | 36305046 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-04): Client elects to waive. |
05/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225473690 | [Redacted] | [Redacted] | 36310146 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-22): Client elects to waive. |
04/22/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225473780 | [Redacted] | [Redacted] | 36310104 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #[redacted] |
Reviewer Comment (2026-04-22): Client elects to waive. |
04/22/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 225474344 | [Redacted] | [Redacted] | 36311444 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-22): Client elects to waive. |
04/22/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225474344 | [Redacted] | [Redacted] | 36311452 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Lender has considered higher P&I of $[redacted].[redacted] for the first lien while mortgage statement confirms $[redacted]. | Reviewer Comment (2026-05-11): Updated 1008 received with the corrected DTI, exception cleared Buyer Comment (2026-05-07): revised 1003.1008 upld |
05/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225474344 | [Redacted] | [Redacted] | 36311495 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI mismatch, Waterfall due to DTI mismatch, lender has considered higher P&I of $[redacted].[redacted] for the first lien while mortgage statement confirms $[redacted]. | Reviewer Comment (2026-05-11): Updated 1008 received with the corrected DTI, exception cleared Buyer Comment (2026-05-07): revised 1003/1008 upld to trl docs. |
05/11/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225474344 | [Redacted] | [Redacted] | 36311496 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted] or more guideline components, the loan is at QM risk. | Waterfall due to DTI mismatch, lender has considered higher P&I of $[redacted].[redacted] for the first lien while mortgage statement confirms $[redacted]. | Reviewer Comment (2026-05-11): Updated 1008 received with the corrected DTI, exception cleared Buyer Comment (2026-05-07): revised 1003/1008 upld to trl docs. |
05/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225474344 | [Redacted] | [Redacted] | 36324460 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-05-11): Supplemental report received, exception cleared, Buyer Comment (2026-05-07): title suppplement upld |
05/11/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225474902 | [Redacted] | [Redacted] | 36311298 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-22): Client elects to waive. |
04/22/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | D | B | A | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225474902 | [Redacted] | [Redacted] | 36311299 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | IL | Primary | Refinance - Cash-out - Other | D | B | A | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225474902 | [Redacted] | [Redacted] | 36311304 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Calculated finance charges are $[redacted],[redacted] and on final Closing Disclosure it is mentioned as $[redacted], showing a variance of -$[redacted]. All fees were updated as mentioned on the documents. | Reviewer Comment (2026-06-22): [redacted]received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission. Buyer Comment (2026-06-19): Please see attached. Reviewer Comment (2026-06-16): This is a material exception on a rescindable transaction and requires reopening of rescission and proof of delivery of RTC to complete cure. Further, the RTC must allow the borrower [redacted] days to cancel the transaction from date of delivery. Buyer Comment (2026-06-15): Please see attached. Reviewer Comment (2026-05-18): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted]is over disclosed by $[redacted]compared to the calculated Amount Financed of $[redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). (Final/[redacted]) Reviewer Comment (2026-05-18): [redacted]received rebuttal that Final CD reflects credit already given. However, the $[redacted]cure for costs over legal limits is for the Appraisal fee increase. Per compliance report page [redacted], it confirms that the Appraisal Fee was $[redacted]over baseline which matches to the $[redacted]cure at closing reflected on the Final CD. Appraisal fee cure at closing cannot also be allocated towards the Finance Charge underdisclosure of $[redacted]as appraisal is not an APR fee and was not included in finance charge calculation. Per lender compliance report the fees that were not included in lender's finance charge calculation which caused the underdisclosure were the $[redacted]Loan Safe Report, and Tax Return Verification $[redacted]& $[redacted]. Cure is Corrected CD, LOE to borrower, copy of cure refund for $[redacted], proof of mailing and proof of reopening of rescission to all consumers. Buyer Comment (2026-05-15): Please see attached Final CD that shows the credit was aslready given. Please clear condition. |
06/22/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | IL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | A | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225474902 | [Redacted] | [Redacted] | 36311305 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Calculated finance charges are $[redacted],[redacted] and on final Closing Disclosure it is mentioned as $[redacted], showing a variance of -$[redacted]. All fees were updated as mentioned on the documents. | Reviewer Comment (2026-06-22): [redacted]received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission. Buyer Comment (2026-06-19): Waterfall Reviewer Comment (2026-06-16): This is a material exception on a rescindable transaction and requires reopening of rescission and proof of delivery of RTC to complete cure. Further, the RTC must allow the borrower [redacted] days to cancel the transaction from date of delivery. Buyer Comment (2026-06-15): Waterfall. Please clear. Reviewer Comment (2026-05-18): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted]is over disclosed by $[redacted]compared to the calculated Amount Financed of $[redacted]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). (Final/[redacted]) Reviewer Comment (2026-05-18): [redacted]received rebuttal that Final CD reflects credit already given. However, the $[redacted]cure for costs over legal limits is for the Appraisal fee increase. Per compliance report page [redacted], it confirms that the Appraisal Fee was $[redacted]over baseline which matches to the $[redacted]cure at closing reflected on the Final CD. Appraisal fee cure at closing cannot also be allocated towards the Finance Charge underdisclosure of $[redacted]as appraisal is not an APR fee and was not included in finance charge calculation. Per lender compliance report the fees that were not included in lender's finance charge calculation which caused the underdisclosure were the $[redacted]Loan Safe Report, and Tax Return Verification $[redacted]& $[redacted]. Cure is Corrected CD, LOE to borrower, copy of cure refund for $[redacted], proof of mailing and proof of reopening of rescission to all consumers. Buyer Comment (2026-05-15): Please see attached Final CD that shows the credit was aslready given. Please clear condition. |
06/22/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | IL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | A | A | C | B | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225475267 | [Redacted] | [Redacted] | 36314127 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction due to second lien. | Reviewer Comment (2026-04-23): Client elects to waive. |
04/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225475594 | [Redacted] | [Redacted] | 36312822 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-23): Client elects to waive. |
04/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225475595 | [Redacted] | [Redacted] | 36312611 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-23): Client elects to waive. |
04/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225476418 | [Redacted] | [Redacted] | 36320794 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-23): Client elects to waive. |
04/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225476418 | [Redacted] | [Redacted] | 36320802 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Per [redacted], Lender Exception to allow [redacted] FICO for [redacted]% CLTV. Exception approval document was not found in the file. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. Loan to Value: [redacted]% Guideline Maximum Loan to Value: [redacted]% |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-05-13): Lender Exception with Compensating Factors provided. Buyer Comment (2026-05-11): Please see attached Approved Exception |
05/13/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| 225479112 | [Redacted] | [Redacted] | 36320539 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". | Reviewer Comment (2026-05-13): Client elects to waive. Buyer Comment (2026-05-13): Please clarify or clear condition. AVM's are acceptable as the primary valuation source of a CES Stand alone [redacted]. Confidence score requirements are met. |
05/13/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | B | A | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225479112 | [Redacted] | [Redacted] | 36320540 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The supporting secondary valuation is missing. Sec ID: [redacted] | Loan is to be securitized. Appraisal/AVM was provided. The supporting secondary valuation is missing. | Reviewer Comment (2026-07-21): AVM cleared |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | B | A | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225479112 | [Redacted] | [Redacted] | 36320541 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-13): Client elects to waive. Buyer Comment (2026-05-13): Please Clear/Cancel/Waive |
05/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | B | A | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225479339 | [Redacted] | [Redacted] | 36323548 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instructions. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #[redacted] | Reviewer Comment (2026-04-24): Client elects to waive. |
04/24/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Home Improvement | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225479339 | [Redacted] | [Redacted] | 36323555 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | No secondary appraisal or hybrid interior appraisal required. | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CA | Primary | Refinance - Cash-out - Home Improvement | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225479339 | [Redacted] | [Redacted] | 36323581 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance document was not provided. | Reviewer Comment (2026-06-11): This is free and clear commercial property; no hazard insurance is required. Exception cleared. Buyer Comment (2026-06-10): Subject is also Free and Clear so no hazard is required Reviewer Comment (2026-06-08): Hazard Insurance is required for REO - [redacted]. Exception remains. Buyer Comment (2026-06-05): Commercial property , no hazard |
06/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Home Improvement | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225479339 | [Redacted] | [Redacted] | 36323918 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Right to cancel signature date is [redacted] with expiration date [redacted]. Notary date is [redacted]. However, the Closing Disclosure issued [redacted] was signed [redacted] with no evidence of earlier receipt. Based on the [redacted] transaction date from receipt of the Closing Disclosure, the [redacted] funding date was premature. | Reviewer Comment (2026-05-11): PCCD received with updated disbursement date of [redacted] prior to [redacted] business days of [redacted]. Buyer Comment (2026-05-07): PCCD , funded disbursement [redacted] |
05/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Home Improvement | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225479340 | [Redacted] | [Redacted] | 36324079 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2026-05-22): Received E-sign Consent agreement is verified, exception cleared. Buyer Comment (2026-05-20): econsent accept upld |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225479340 | [Redacted] | [Redacted] | 36324080 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-24): Client elects to waive. |
04/24/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225479340 | [Redacted] | [Redacted] | 36324097 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date is [redacted] after the later of the disbursement date [redacted]. | Reviewer Comment (2026-05-19): Previous Hazard Insurance document received and verified. Exception cleared. Buyer Comment (2026-05-15): previous hoi policy |
05/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225480336 | [Redacted] | [Redacted] | 36325307 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
DTI variance. Lenders DTI; [redacted]% Review DTI: [redacted]%. Variance is due to lenders P&I calculation of $[redacted] per month vs actual amount of $[redacted] per month. | Reviewer Comment (2026-05-19): Corrected 1008 received and verified. Exception cleared. Buyer Comment (2026-05-17): Please see attached updated 1008 |
05/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | ID | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225480336 | [Redacted] | [Redacted] | 36325310 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction due to second lien. | Reviewer Comment (2026-04-24): Client elects to waive. |
04/24/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | ID | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225480336 | [Redacted] | [Redacted] | 36325328 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-05-17): Please waive per [redacted] |
05/17/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | ID | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225480336 | [Redacted] | [Redacted] | 36325332 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Buyer Comment (2026-05-17): Please waive per [redacted] |
05/17/2026 | No | 2 | A | A | A | A | A | A | B | B | ID | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225480336 | [Redacted] | [Redacted] | 36325380 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Waterfall due to business tax transcript not provided. | Reviewer Comment (2026-05-19): Verification of employment within [redacted]business days of note , Income details for borrowerer corrected and corrected 1008 received. Exception cleared Buyer Comment (2026-05-17): Please see attached tax transcripts. Please clear condition. |
05/19/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | ID | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225480336 | [Redacted] | [Redacted] | 36325381 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - S-Corp | General QM: Unable to verify S-Corp income using reasonably reliable third-party records. | Waterfall due to business tax transcript not provided. | Reviewer Comment (2026-05-19): Income details for borrower corrected. Exception cleared. Buyer Comment (2026-05-17): Waterfall. Please clear. |
05/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | ID | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225480336 | [Redacted] | [Redacted] | 36325382 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted] or more guideline components, the loan is at QM risk. | Waterfall due to business tax transcript not provided. | Reviewer Comment (2026-05-19): Verification of employment within [redacted]business days of note , Income details for borrowerer corrected and corrected 1008 received. Exception cleared Buyer Comment (2026-05-17): Waterfall. Please clear. |
05/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | ID | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225480336 | [Redacted] | [Redacted] | 36325405 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | Provided VVOE is dated [redacted]. Note date is [redacted]. | Reviewer Comment (2026-05-19): Verification of employment received. Exception cleared. Buyer Comment (2026-05-17): Please see attached. |
05/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | ID | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225480336 | [Redacted] | [Redacted] | 36534074 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted], Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. | [redacted] Business tax return not provided in file for borrower's self-employment income. | Buyer Comment (2026-05-28): Please waive per [redacted] Reviewer Comment (2026-05-22): Citing is an EV2 for informational purposes only and may be waived. Buyer Comment (2026-05-21): [redacted]business returns would not be in the file as the tax due date is [redacted] which is before our loan closed. Please clear condition. |
05/28/2026 | No | 2 | B | B | B | B | B | ID | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 225488557 | [Redacted] | [Redacted] | 36326800 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-18): Waived Buyer Comment (2026-05-14): Please cancel/ clear / waive or provide clarification if something additional is needed. |
05/18/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225488557 | [Redacted] | [Redacted] | 36326801 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-05-14): OK to waive per [redacted] |
05/14/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | SC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225488557 | [Redacted] | [Redacted] | 36326802 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-05-18): waived Buyer Comment (2026-05-14): Please review program guidelines, an AVM is acceptable on standalone 2nd mortgages. AVM meets Confidence Score and FSD requirements. |
05/18/2026 | No | 2 | A | A | A | A | A | A | B | B | SC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225488587 | [Redacted] | [Redacted] | 36326748 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-02): Client elects to waive. |
06/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225488588 | [Redacted] | [Redacted] | 36327366 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225488588 | [Redacted] | [Redacted] | 36327367 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-27): waived |
04/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225488589 | [Redacted] | [Redacted] | 36326955 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-27): waived |
04/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225488589 | [Redacted] | [Redacted] | 36326986 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (CLTV Exceeds 80% Threshold) | [redacted] Constitution Section [redacted](a)([redacted]): CLTV of [redacted][redacted]% exceeds [redacted]% of $[redacted] (the value reflected on the valuation). | CLTV of [redacted][redacted]% exceeds [redacted]% of threshold limit. Appraised value $[redacted] | Reviewer Comment (2026-06-08): Received updated mortgage statement. Condition cleared. Buyer Comment (2026-06-04): updated 1008/1003 and current mtg statement, cltv is now under [redacted]% Reviewer Comment (2026-05-26): Exception was escalated. Response: The exception would be valid based on the CLTV exceeding [redacted]%, even if it is only slightly over [redacted]%. There is no express de minimus provision in the [redacted] code for the amount of variance. However, the exception can potentially be removed or cleared if documentation is identified evidencing the most recent principal balance (prior to closing) on the first lien was lower than the amount captured in [redacted] and the updated CLTV did not exceed [redacted]%. Alternatively, the remediation would be: Send the borrower a written acknowledgement that the lien is valid only in the amount that the extension of credit does not exceed the CLTV of [redacted]%. Reviewer Comment (2026-05-19): This exception is related to [redacted] Constitution Article [redacted]). CLTV over [redacted]% is not allowed. Buyer Comment (2026-05-15): rebuttal upld |
06/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Send the borrower a written acknowledgement that the lien is valid only in the amount that the extension of credit does not exceed the CLTV of 80%. | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225488589 | [Redacted] | [Redacted] | 36326987 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted](a)([redacted]): Fannie Mae forms not used for closing of home equity loan. | Buyer Comment (2026-05-15): ok to waive |
05/15/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225488590 | [Redacted] | [Redacted] | 36326704 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-27): waived |
04/27/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225488590 | [Redacted] | [Redacted] | 36326705 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-27): waive |
04/27/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225488590 | [Redacted] | [Redacted] | 36326706 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-27): Waived |
04/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225488750 | [Redacted] | [Redacted] | 36327449 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement not provided in file. | Reviewer Comment (2026-05-13): E-Sign Consent Agreement received, exception cleared Buyer Comment (2026-05-11): eConsent |
05/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225488750 | [Redacted] | [Redacted] | 36327451 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Buyer Comment (2026-05-11): Ok to waive per [redacted] |
05/11/2026 | No | 2 | A | A | A | A | A | A | B | B | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225488750 | [Redacted] | [Redacted] | 36327452 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-05-11): Ok to waive per [redacted] |
05/11/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225488750 | [Redacted] | [Redacted] | 36327454 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-05-11): Ok to waive per [redacted] |
05/11/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225493885 | [Redacted] | [Redacted] | 36333144 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | "This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #[redacted] " |
Reviewer Comment (2026-04-27): Client elects to waive. |
04/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225493885 | [Redacted] | [Redacted] | 36333152 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No Secondary valuation was provided | Reviewer Comment (2026-04-27): Client elects to waive. |
04/27/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225493885 | [Redacted] | [Redacted] | 36333153 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". Client may elect to waive. | Buyer Comment (2026-04-29): Please waive per [redacted] |
04/29/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225493886 | [Redacted] | [Redacted] | 36335028 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-27): Waived |
04/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225493917 | [Redacted] | [Redacted] | 36334186 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-27): Client elects to waive. |
04/27/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225493917 | [Redacted] | [Redacted] | 36334187 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-27): Client elects to waive. |
04/27/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225493917 | [Redacted] | [Redacted] | 36334188 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" May be waived. | Buyer Comment (2026-05-11): Ok to waive per [redacted] |
05/11/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225493917 | [Redacted] | [Redacted] | 36334239 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Closing Disclosure reflects Finance Charge of $[redacted] but calculated Finance Charge of $[redacted]. Variance = $[redacted]. Lender to provide corrected Closing Disclosure and copy of letter sent to borrower explaining changes. | Reviewer Comment (2026-06-08): [redacted]received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission. Buyer Comment (2026-06-05): please see attached screen shot showing all docs included in the shipping package, showing the RTC was included. the LOX uploaded, doc [redacted]also references the revised RTC included in the package received. Please note that even though the package shipped earlier than i expected, it does not negatively affect the new [redacted] rescission date and the borrower was provided the appropriate [redacted]full days. Reviewer Comment (2026-06-05): [redacted]received copy of [redacted] tracking on delivery of tracking ID ending in [redacted]. Due to discrepancy on lender comments on [redacted]which states that RTC's will ship out on [redacted] and to be delivered on [redacted], the [redacted] tracking reflects label created on [redacted] and picked up on [redacted] but comment stated RTC's would not ship out till [redacted]. Please provide a lender attestation that confirms that the [redacted] tracking ending in [redacted]also included the RTC's within that package, or provide the separate tracking for the RTC's. Clarification needed to confirm based on comments. Buyer Comment (2026-06-04): please see attached [redacted] tracking with proof of delivery today. new [redacted] rescission date. please clear condition on [redacted] Reviewer Comment (2026-06-04): [redacted]received Corrected CD, LOE to borrower, copy of cure refund and proof of mailing along with unexecuted RTC's. Per comment, RTC's will ship out [redacted]. Please provide proof of delivery via tracking and delivery to borrower at least [redacted]business days prior to the [redacted]cancel by date on the RTC's to finalize the cure. Buyer Comment (2026-06-03): sorry, forgot the RTC. it will ship out on [redacted], to be delivered on [redacted] to borrower Buyer Comment (2026-06-03): please see attached lox, pccd and refund check |
06/08/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225493917 | [Redacted] | [Redacted] | 36334240 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Closing Disclosure reflects Finance Charge of $[redacted] but calculated Finance Charge of $[redacted]. Variance = $[redacted]. Lender to provide corrected Closing Disclosure and copy of letter sent to borrower explaining changes. | Reviewer Comment (2026-06-08): [redacted]received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission. Buyer Comment (2026-06-05): please see attached screen shot showing all docs included in the shipping package, showing the RTC was included. the LOX uploaded, doc [redacted]also references the revised RTC included in the package received. Please note that even though the package shipped earlier than i expected, it does not negatively affect the new [redacted] rescission date and the borrower was provided the appropriate [redacted]full days. Reviewer Comment (2026-06-05): [redacted]received copy of [redacted] tracking on delivery of tracking ID ending in [redacted]. Due to discrepancy on lender comments on [redacted]which states that RTC's will ship out on [redacted] and to be delivered on [redacted], the [redacted] tracking reflects label created on [redacted] and picked up on [redacted] but comment stated RTC's would not ship out till [redacted]. Please provide a lender attestation that confirms that the [redacted] tracking ending in [redacted]also included the RTC's within that package, or provide the separate tracking for the RTC's. Clarification needed to confirm based on comments. Buyer Comment (2026-06-04): please see attached [redacted] tracking with proof of delivery today. new [redacted] rescission date. please clear condition on [redacted] Reviewer Comment (2026-06-04): [redacted]received Corrected CD, LOE to borrower, copy of cure refund and proof of mailing along with unexecuted RTC's. Per comment, RTC's will ship out [redacted]. Please provide proof of delivery via tracking and delivery to borrower at least [redacted]business days prior to the [redacted]cancel by date on the RTC's to finalize the cure. Buyer Comment (2026-06-03): please see attached lox, pccd and refund check |
06/08/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225493917 | [Redacted] | [Redacted] | 36352126 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing a signed/dated close out letter by the borrower for the Heloc paid off at closing. | Reviewer Comment (2026-06-03): Signed and dated close out letter by the borrower received. Buyer Comment (2026-06-01): please see attached signed HELOC close out letter |
06/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225494013 | [Redacted] | [Redacted] | 36336417 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-28): waived |
04/28/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225494013 | [Redacted] | [Redacted] | 36336419 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | No secondary appraisal or hybrid interior appraisal required | Reviewer Comment (2026-04-28): waived |
04/28/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225494013 | [Redacted] | [Redacted] | 36336422 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-04-28): waived |
04/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225494365 | [Redacted] | [Redacted] | 36333878 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-05-11): OK to waive per [redacted] |
05/11/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225494365 | [Redacted] | [Redacted] | 36333884 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Data Discrepancy with DTI. Lender DTI [redacted]%, Review DTI [redacted][redacted]%. The reason for the discrepancy is due to the Lender using a higher P&I payment of $[redacted] for the first lien. Review verified with the mortgage statement that the P&I payment is $[redacted]. | Reviewer Comment (2026-05-13): New loan CD received. Buyer Comment (2026-05-11): Used new first P&I to qualify at $[redacted]. DTI is [redacted]% |
05/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225494365 | [Redacted] | [Redacted] | 36333902 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI discrepancy. | Reviewer Comment (2026-05-13): New loan CD received. |
05/13/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225494365 | [Redacted] | [Redacted] | 36333903 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | Data Discrepancy with DTI. Lender DTI [redacted]%, Review DTI [redacted][redacted]%. The reason for the discrepancy is due to the Lender using a higher P&I payment of $[redacted] for the first lien. Review verified with the mortgage statement that the P&I payment is $[redacted]. | Reviewer Comment (2026-05-13): New loan CD received. |
05/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225494373 | [Redacted] | [Redacted] | 36340474 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Policy amount not provided on preliminary title. | Reviewer Comment (2026-05-01): Supplemental Title Report with coverage amount $[redacted]received and associated. Exception cleared. Buyer Comment (2026-04-30): Please see attached. |
05/01/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225494373 | [Redacted] | [Redacted] | 36340475 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-28): Client elects to waive. |
04/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225494373 | [Redacted] | [Redacted] | 36340480 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-28): Client elects to waive. |
04/28/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225494373 | [Redacted] | [Redacted] | 36340481 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-28): Client elects to waive. |
04/28/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225494448 | [Redacted] | [Redacted] | 36334491 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of the HOA Verification, Insurance Verification. | Reviewer Comment (2026-06-26): REO property - [redacted] - is land only and received update [redacted]and 1008. Exception cleared. Buyer Comment (2026-06-25): bwr lox and revised 1003.1008 upld Reviewer Comment (2026-06-17): Provide breakdown of $[redacted]reported as monthly insurance, tax and HOA in the Final 1003 for property [redacted], exception remains. Buyer Comment (2026-06-16): The property is land. there is no HOA dues or insurance. please cancel invalid condition |
06/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | ME | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225494448 | [Redacted] | [Redacted] | 36334493 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-04-28): waived |
04/28/2026 | No | 2 | A | A | A | A | A | A | B | B | ME | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225494448 | [Redacted] | [Redacted] | 36334494 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2026-04-28): waived |
04/28/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | ME | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225494448 | [Redacted] | [Redacted] | 36334496 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-28): Waived |
04/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | ME | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225495932 | [Redacted] | [Redacted] | 36341741 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-28): Client elects to waive. |
04/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225495932 | [Redacted] | [Redacted] | 36341745 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | DTI variance due to 1st lien P&I considered with tax insurances in [redacted] and [redacted]. | Reviewer Comment (2026-05-18): Cleared. Received updated bid tape. Reviewer Comment (2026-05-18): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]%; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]%. Buyer Comment (2026-05-14): Please see attached updated 1008/1003. I have sent a request for the Bid Tape to be corrected. |
05/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225495932 | [Redacted] | [Redacted] | 36341746 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | DTI variance due to 1st lien P&I considered with tax insurances in [redacted] and [redacted]. | Reviewer Comment (2026-05-18): Cleared. Received updated bid tape. Buyer Comment (2026-05-14): Please see attached updated 1008/1003. I have sent a request for the Bid Tape to be corrected. |
05/18/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225495932 | [Redacted] | [Redacted] | 36341747 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing [redacted] or more guideline components, the loan is at QM risk. | DTI variance due to 1st lien P&I considered with tax insurances in [redacted] and [redacted]. | Reviewer Comment (2026-05-18): Cleared. Received updated bid tape. Buyer Comment (2026-05-14): Please see attached updated 1008/1003. I have sent a request for the Bid Tape to be corrected. |
05/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225496220 | [Redacted] | [Redacted] | 36341705 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-05-08): Ok to waive per [redacted] |
05/08/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Second Home | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225496220 | [Redacted] | [Redacted] | 36341706 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-05-08): Ok to waive |
05/08/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Second Home | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225496220 | [Redacted] | [Redacted] | 36341707 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. The rating is a B for S&P per the [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". | Buyer Comment (2026-05-08): Ok to waive per [redacted] |
05/08/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Second Home | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225496278 | [Redacted] | [Redacted] | 36341658 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-05-15): ok to waive |
05/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Home Improvement | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225496278 | [Redacted] | [Redacted] | 36341698 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | Co-borrower [redacted] Non-US Citizen document was not provided. | Reviewer Comment (2026-06-05): Received Permanent Resident card and associated, exception cleared Buyer Comment (2026-06-04): current card upld Reviewer Comment (2026-06-04): Received Permanent Resident card is expired, require unexpired Exception remains Buyer Comment (2026-06-03): perm res card upld |
06/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Home Improvement | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225499422 | [Redacted] | [Redacted] | 36341918 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-02): Client elects to waive. Reviewer Comment (2026-04-28): Client elects to waive. |
06/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225499512 | [Redacted] | [Redacted] | 36351836 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | IL | Primary | Refinance - Cash-out - Other | D | B | D | A | B | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225499512 | [Redacted] | [Redacted] | 36351838 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-28): waived |
04/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | D | B | D | A | B | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225499512 | [Redacted] | [Redacted] | 36352136 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note - Senior Lien not provided | Reviewer Comment (2026-05-21): Mortgage statement received, P&I confirmed, Balance taken as per recent credit report. Buyer Comment (2026-05-19): Mortgage Statement |
05/21/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | IL | Primary | Refinance - Cash-out - Other | D | B | D | A | B | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225499512 | [Redacted] | [Redacted] | 36352146 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | Per title commitment, new lender is prior originating lender of 2nd lien paid off through closing. | Reviewer Comment (2026-06-03): Updated RTC and proof of receipt provided. Buyer Comment (2026-06-01): New RTC with proof of receipt |
06/03/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | IL | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | B | D | A | B | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225499512 | [Redacted] | [Redacted] | 37037104 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value supports the "Use for LTV" value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value supports the "Use for LTV" value. | Reviewer Comment (2026-07-28): Client elects to waive. Per client, per [redacted] Guidelines only require one valuation product. |
07/28/2026 | No | 2 | B | A | A | A | IL | Primary | Refinance - Cash-out - Other | D | B | D | A | B | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225499513 | [Redacted] | [Redacted] | 36346354 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". client may elect to waive. | Buyer Comment (2026-05-17): ok to waive |
05/17/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Exempt from ATR | No | ||||||||||||
| 225499513 | [Redacted] | [Redacted] | 36346355 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-05-17): ok to waive |
05/17/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Exempt from ATR | No | |||||||||||||
| 225499513 | [Redacted] | [Redacted] | 36346356 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-04-28): Client elects to waive. |
04/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Exempt from ATR | No | |||||||||||
| 225503121 | [Redacted] | [Redacted] | 36353166 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-28): waived |
04/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225504668 | [Redacted] | [Redacted] | 36353340 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Lease agreement not provided for property #[redacted] [redacted]. | Reviewer Comment (2026-05-19): Rent schedule received, exception cleared Buyer Comment (2026-05-15): This property was just purchased [redacted] and will be used as a short term rental. Please see attached appraisal and Short Term Rental Rent Schedule. |
05/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225504668 | [Redacted] | [Redacted] | 36353341 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-29): waived |
04/29/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225504668 | [Redacted] | [Redacted] | 36353342 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Variance in DTI due to Lease Agreement not provided for property #[redacted] to calculate rental income. | Reviewer Comment (2026-05-28): Received updated 1008/1003 showing rental on investment property. Condition cleared. Reviewer Comment (2026-05-28): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]%; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]%. Buyer Comment (2026-05-27): Please see attached updated 1008/1003 with correction on rents. I have requested a bid-tape update to match the attached 1008. Reviewer Comment (2026-05-19): The Final 1003 reports a monthly rental income of $[redacted], while the short-term rental schedule reflects an annual income of $[redacted], or $[redacted]per month. Using $[redacted]as the monthly rental income results in a DTI of [redacted]%, which is more than [redacted]% lower than the [redacted]% DTI reported in the 1008. Exception remains. Buyer Comment (2026-05-15): This property was just purchased [redacted] and will be used as a short term rental. Please see attached appraisal and Short Term Rental Rent Schedule. |
05/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225504668 | [Redacted] | [Redacted] | 36353345 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to Lease Agreement not provided for property #[redacted] to calculate rental income. | Reviewer Comment (2026-05-28): Received updated 1008/1003 showing rental on investment property. Condition cleared. Buyer Comment (2026-05-27): Please see attached updated 1008/1003 with correction on rents. I have requested a bid-tape update to match the attached 1008. Reviewer Comment (2026-05-19): The Final 1003 reports a monthly rental income of $[redacted], while the short-term rental schedule reflects an annual income of $[redacted], or $[redacted]per month. Using $[redacted]as the monthly rental income results in a DTI of [redacted]%, which is more than [redacted]% lower than the [redacted]% DTI reported in the 1008. Exception remains. Buyer Comment (2026-05-15): This property was just purchased [redacted] and will be used as a short term rental. Please see attached appraisal and Short Term Rental Rent Schedule. |
05/28/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NC | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225504668 | [Redacted] | [Redacted] | 36353346 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both significantly exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and [redacted].[redacted](e) of [redacted][redacted]% significantly exceeds the guideline maximum of [redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | Waterfall due to Lease Agreement not provided for property #[redacted] to calculate rental income. | Reviewer Comment (2026-05-28): Received updated 1008/1003 showing rental on investment property. Condition cleared. Buyer Comment (2026-05-27): Please see attached updated 1008/1003 with correction on rents. I have requested a bid-tape update to match the attached 1008. Reviewer Comment (2026-05-19): The Final 1003 reports a monthly rental income of $[redacted], while the short-term rental schedule reflects an annual income of $[redacted], or $[redacted]per month. Using $[redacted]as the monthly rental income results in a DTI of [redacted]%, which is more than [redacted]% lower than the [redacted]% DTI reported in the 1008. Exception remains. Buyer Comment (2026-05-15): This property was just purchased [redacted] and will be used as a short term rental. Please see attached appraisal and Short Term Rental Rent Schedule. |
05/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225504668 | [Redacted] | [Redacted] | 36353348 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated DTI of [redacted][redacted]% exceeds guideline allowable max DTI of [redacted]% due to Lease Agreement not provided for property #[redacted] [redacted] to calculate rental income. | Reviewer Comment (2026-05-28): Received updated 1008/1003 showing rental on investment property. Condition cleared. Buyer Comment (2026-05-27): Please see attached updated 1008/1003 with correction on rents. I have requested a bid-tape update to match the attached 1008. Reviewer Comment (2026-05-19): The Final 1003 reports a monthly rental income of $[redacted], while the short-term rental schedule reflects an annual income of $[redacted], or $[redacted]per month. Using $[redacted]as the monthly rental income results in a DTI of [redacted]%, which is more than [redacted]% lower than the [redacted]% DTI reported in the 1008. Exception remains. Buyer Comment (2026-05-15): This property was just purchased [redacted]and will be used as a short term rental. Please see attached appraisal and Short Term Rental Rent Schedule. |
05/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225504668 | [Redacted] | [Redacted] | 36353350 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet [redacted] or more guideline components which could impact the borrower's ability to repay. | Waterfall due to Lease Agreement not provided for property #[redacted] to calculate rental income. | Reviewer Comment (2026-05-28): Received updated 1008/1003 showing rental on investment property. Condition cleared. Buyer Comment (2026-05-27): Please see attached updated 1008/1003 with correction on rents. I have requested a bid-tape update to match the attached 1008. Reviewer Comment (2026-05-19): The Final 1003 reports a monthly rental income of $[redacted], while the short-term rental schedule reflects an annual income of $[redacted], or $[redacted]per month. Using $[redacted]as the monthly rental income results in a DTI of [redacted]%, which is more than [redacted]% lower than the [redacted]% DTI reported in the 1008. Exception remains. Buyer Comment (2026-05-15): This property was just purchased [redacted] and will be used as a short term rental. Please see attached appraisal and Short Term Rental Rent Schedule. |
05/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225504677 | [Redacted] | [Redacted] | 36353373 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-29): Waived |
04/29/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225504677 | [Redacted] | [Redacted] | 36353404 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report was not found in file. | Reviewer Comment (2026-05-15): Received Fraud Report. Exception cleared. Buyer Comment (2026-05-13): Fraud |
05/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225504729 | [Redacted] | [Redacted] | 36360990 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-29): waived |
04/29/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | WI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225505127 | [Redacted] | [Redacted] | 36360694 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2026-05-19): Title supplement provided. Exception Cleared. Buyer Comment (2026-05-17): please cancel, supplement was provided on [redacted], page [redacted] |
05/19/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | WA | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | N/A | No | |||||||||||||||
| 225505203 | [Redacted] | [Redacted] | 36358003 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-29): Waived. |
04/29/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225506819 | [Redacted] | [Redacted] | 36361021 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) | [redacted] Constitution Section [redacted](a)([redacted]): Acknowledgment of the Fair Market Value not properly executed by the Lender. | Acknowledgment of Fair Market Value not signed by the Lender | Reviewer Comment (2026-05-20): Updated document provided Buyer Comment (2026-05-19): signed disclosure upld |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | D | A | C | A | D | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225506819 | [Redacted] | [Redacted] | 36361027 | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) [redacted] Cash-out Loan (T-42 Endorsement Not Obtained) | [redacted] Constitution Section [redacted](a)([redacted]): Acceptable [redacted] title insurance endorsements not obtained for home equity loan. The loan file does not evidence the Title Policy includes the [redacted] T-[redacted] endorsement or the T-[redacted] endorsement. (The loan is a [redacted] Section [redacted] (a)([redacted]) home equity loan.) | Final title policy or other documentation verifying endorsements not provided. Specific endorsements are not disclosed on final Closing Disclosure. | Reviewer Comment (2026-05-20): Title email on [redacted]confirms this is a title acceptance file Buyer Comment (2026-05-18): please cancel, title email on [redacted]confirms this is a title acceptance file, no policy. |
05/20/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | D | A | C | A | D | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| 225506819 | [Redacted] | [Redacted] | 36361065 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Lender used PITI versus P&I to qualify, along with separate entries for taxes and insurance, causing the calculated DTI to differ from the tape value by more than [redacted]%. | Reviewer Comment (2026-05-20): Received updated 1008/1003 verified, exception cleared Buyer Comment (2026-05-18): revised 1008/1003 upld |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | A | C | A | D | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225506819 | [Redacted] | [Redacted] | 36361066 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-05-18): ok to waive |
05/18/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | D | A | C | A | D | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225506819 | [Redacted] | [Redacted] | 36361080 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall finding due to DTI differing from the tape value by more than [redacted]%, resulting in a loan designation discrepancy. | Reviewer Comment (2026-05-20): Received updated 1008/1003 verified, exception cleared Buyer Comment (2026-05-18): revised 1008/1003 upld to trl docs |
05/20/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | C | A | D | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225506819 | [Redacted] | [Redacted] | 36361081 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall finding due to DTI differing from the tape value by more than [redacted]%. | Reviewer Comment (2026-05-20): Received updated 1008/1003 verified, exception cleared Buyer Comment (2026-05-18): revised 1008/1003 upld to trl docs |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | A | C | A | D | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225506819 | [Redacted] | [Redacted] | 36361108 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Reviewer Comment (2026-06-08): Updated hazard insurance policy associated. Exception cleared. Buyer Comment (2026-06-05): agent email, previous policy and cancellation notice upld |
06/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | A | C | A | D | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225518076 | [Redacted] | [Redacted] | 36361177 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-01): Client elects to waive. Buyer Comment (2026-06-01): Condition states - This exception is for informational purposes only and does not impact grading. Please clear, cancel, waive as applicable or clarify if something additional is needed. |
06/01/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225518076 | [Redacted] | [Redacted] | 36361199 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Final Closing Disclosure provided on [redacted] disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted], and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Reviewer Comment (2026-05-19): [redacted]received Corrected CD & LOE moving HOA processing fee to correct section H, not lender/title fee. Buyer Comment (2026-05-16): You have a fee of $[redacted]listed as a Condo Questionnaire Fee and have included it in financed fees. The property is not a Condo. This is a service fee required by the HOA and is a one-time fee not a financed fee. Please see updated PCCD moving the fee to Section H as it should have initially been disclosed. I have included the cover letter and proof I have emailed the borrower a copy of the cover letter and PCCD with the clerical change. |
05/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225518076 | [Redacted] | [Redacted] | 36361200 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under-disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted], which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Reviewer Comment (2026-05-19): [redacted]received Corrected CD & LOE moving HOA processing fee to correct section H, not lender/title fee. |
05/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225518742 | [Redacted] | [Redacted] | 36361228 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-15): Require Tax Verification document for Primary property. Exception Remains Buyer Comment (2026-05-13): OK to waive per [redacted] |
05/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225518742 | [Redacted] | [Redacted] | 36361231 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | A new loan on primary property of P&I $[redacted] for which no documents are provided has been considered in DTI calculation; however, this was not taken on [redacted], due to which the DTI is exceeding. | Reviewer Comment (2026-05-15): Cleared Buyer Comment (2026-05-13): See support docs for the primary PITIA of $[redacted]. This should put DTI at Bid tape [redacted]% |
05/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225518742 | [Redacted] | [Redacted] | 36361238 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet [redacted] or more guideline components which could impact the borrower's ability to repay. | A new loan on primary property of P&I $[redacted] for which no documents are provided has been considered in DTI calculation; however, this was not taken on [redacted], due to which the DTI is exceeding. | Reviewer Comment (2026-05-18): Received required documentation. Condition cleared. |
05/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225518742 | [Redacted] | [Redacted] | 36361239 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | A new loan on primary property of P&I $[redacted] for which no documents are provided has been considered in DTI calculation; however, this was not taken on [redacted], due to which the DTI is exceeding. | Reviewer Comment (2026-05-18): Received required documentation. Condition cleared. |
05/18/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | TX | Investment | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225518742 | [Redacted] | [Redacted] | 36361240 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet [redacted] or more guideline components which could impact the borrower's ability to repay. | A new loan on primary property of P&I $[redacted] for which no documents are provided has been considered in DTI calculation; however, this was not taken on [redacted], due to which the DTI is exceeding. | Reviewer Comment (2026-05-18): Received required documentation. Condition cleared. |
05/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225518788 | [Redacted] | [Redacted] | 36361338 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-05-28): Short form title provided. |
05/28/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | IL | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225518788 | [Redacted] | [Redacted] | 36361347 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-28): Client elects to waive. Buyer Comment (2026-05-27): Please clear/cancel/waive |
05/28/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225518788 | [Redacted] | [Redacted] | 36361364 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2026-05-28): Short form title provided. Buyer Comment (2026-05-27): Please see attached title policy with accurate policy amount. |
05/28/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | IL | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225521388 | [Redacted] | [Redacted] | 36364589 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-04-29): waived |
04/29/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | |||||||||||
| 225521389 | [Redacted] | [Redacted] | 36397935 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-05): Client elects to waive. |
05/05/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MD | Primary | Refinance - Cash-out - Home Improvement | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225521389 | [Redacted] | [Redacted] | 36414385 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Missing secondary valuation. CU and LCA results are contradictory. Appraisal was provided. Sec ID: [redacted] | The UCDP and LCA scores dated [redacted] are higher than [redacted]. An additional lower UCDP score of [redacted] is dated on [redacted] which is not the same day as the LCA in the file.. | Reviewer Comment (2026-05-13): Received updated UCDP and LCA. Exception cleared Buyer Comment (2026-05-11): Here are the corrected SSRs |
05/13/2026 | No | 1 | A | A | A | A | A | MD | Primary | Refinance - Cash-out - Home Improvement | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225521390 | [Redacted] | [Redacted] | 36363541 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. | Reviewer Comment (2026-04-29): Client elects to waive. |
04/29/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | C | A | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225521390 | [Redacted] | [Redacted] | 36363550 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | C | A | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225521390 | [Redacted] | [Redacted] | 36363562 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Most recent tax return document for [redacted] missing in file. | Reviewer Comment (2026-05-20): Received required documentation. Condition cleared. Buyer Comment (2026-05-18): please cancel, the tax preparer lox is on [redacted]and extension is on [redacted] |
05/20/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | C | A | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225521390 | [Redacted] | [Redacted] | 36363563 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - Schedule C | General QM: Unable to verify Sole Proprietorship income using reasonably reliable third-party records. | Most recent tax return document for [redacted] missing in file. | Reviewer Comment (2026-05-20): Received required documentation. Condition cleared. Buyer Comment (2026-05-18): please cancel, the tax preparer lox is on [redacted]and extension is on [redacted] |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | C | A | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225521390 | [Redacted] | [Redacted] | 37037190 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan/Value Discrepancy Loan is to be securitized. AVM does not support the value used to qualify | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | C | NJ | Primary | Refinance - Cash-out - Other | D | C | A | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225521390 | [Redacted] | [Redacted] | 37037205 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value does not support the "Use for LTV" value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value does not support the "Use for LTV" value | Reviewer Comment (2026-07-28): Client elects to waive. Per client, per [redacted] Guidelines only require one valuation product. |
07/28/2026 | No | 3 | C | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | C | A | A | C | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225521464 | [Redacted] | [Redacted] | 36364023 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". | Buyer Comment (2026-05-13): Ok to waive per [redacted] |
05/13/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225521464 | [Redacted] | [Redacted] | 36364025 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-05-13): OKL to waive per [redacted] |
05/13/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||||
| 225521464 | [Redacted] | [Redacted] | 36364037 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-05-13): Ok to waive per [redacted] |
05/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225521464 | [Redacted] | [Redacted] | 36364480 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Due diligence DTI of [redacted][redacted]% does not match with lender qualifying DTI of [redacted][redacted]% with variance due to lender utilizing a lesser subject property mortgage P&I than reflected on source document. | Reviewer Comment (2026-05-15): Cleared Buyer Comment (2026-05-13): [redacted] first lien is in husbands name only and not used in qualifying |
05/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225522187 | [Redacted] | [Redacted] | 36364138 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-29): Waived |
04/29/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225522187 | [Redacted] | [Redacted] | 36364316 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Loan amount: $[redacted]. Preliminary title amount: $[redacted]. Coverage shortfall: $[redacted]. | Reviewer Comment (2026-05-19): Received Title Commitment Policy with policy amount $[redacted]. Exception cleared. Buyer Comment (2026-05-15): title |
05/19/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | TX | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225522835 | [Redacted] | [Redacted] | 36360947 | Credit | Guideline | Guideline Issue | Guideline | Variance between diligence DSCR and bid tape DSCR does not meet [redacted] requirements. Variance is more than [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-05-22): Client elects to waive with compensating factors. Reviewer Comment (2026-05-22): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence DSCR: [redacted]; Bid Tape DSCR: [redacted]. Reviewer Comment (2026-05-22): Lender exception provided for calculate DSCR using STR rents vs guideline requires DSCR to be calculated based on long term ental basis; calculated DSCR using short tem rental rate currently being paid by current short term tenant in lieu of using an average of short term rents over past year; and Calculate DSCR using [redacted]% of short term rent without deducting an expense factor. Reviewer Comment (2026-05-22): . Reviewer Comment (2026-05-08): Received DSCR Worksheet. Exception Cleared. Buyer Comment (2026-05-06): [redacted]respectfully disagrees with [redacted] DSCR. Uploaded please find Exception requiring a [redacted]% deduction of Current Rents. Please review and clear finding Buyer Comment (2026-05-06): 1007, Exception, DSCR Calc |
05/22/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| 225522835 | [Redacted] | [Redacted] | 36569642 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provided for 1st mortgage was modified - not allowed for CES. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-05-22): Client elects to waive with compensating factors. |
05/22/2026 | Yes | 2 | B | B | B | B | B | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| 225523104 | [Redacted] | [Redacted] | 36368002 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-02): Client elects to waive. |
06/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225526602 | [Redacted] | [Redacted] | 36368957 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-30): Client elects to waive. |
04/30/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225526602 | [Redacted] | [Redacted] | 36368958 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-30): Client elects to waive. |
04/30/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225526602 | [Redacted] | [Redacted] | 36368959 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Reviewer Comment (2026-04-30): Client elects to waive. |
04/30/2026 | No | 2 | A | A | A | A | A | A | B | B | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225526991 | [Redacted] | [Redacted] | 36368983 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". | Reviewer Comment (2026-04-30): Client elects to waive. |
04/30/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225526991 | [Redacted] | [Redacted] | 36368984 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-30): Client elects to waive. |
04/30/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225526991 | [Redacted] | [Redacted] | 36368985 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-30): Client elects to waive. |
04/30/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225526991 | [Redacted] | [Redacted] | 36368989 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard Insurance Policy is missing. | Reviewer Comment (2026-05-18): Cleared. Received HOI Buyer Comment (2026-05-14): Hazard insurance old and new |
05/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225526991 | [Redacted] | [Redacted] | 36369002 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability to Repay - Bank Statement Guidelines Require [redacted] or more Months | Ability to Repay (Dodd-Frank [redacted]): Guidelines require [redacted] or more consecutive months bank statements. | Reviewer Comment (2026-06-18): updated invoice sent |
06/18/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225526991 | [Redacted] | [Redacted] | 36369003 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees [redacted] | Qualified Mortgage (Dodd Frank [redacted]): Points and Fees on subject loan of [redacted][redacted]% is in excess of the allowable maximum of [redacted][redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted] on a Federal Total Loan Amount of $[redacted] vs. an allowable total of $[redacted] (an overage of $[redacted] or .[redacted]%). | Points and Fees total $[redacted] versus an investor allowable total of $[redacted] for an overage of $[redacted]. | Reviewer Comment (2026-06-18): updated invoice sent Reviewer Comment (2026-06-18): the issue has been escalated and we will reach out once we receive a response Buyer Comment (2026-06-17): Please remove third party fee for processing of $[redacted]from testing. See invoice Reviewer Comment (2026-05-18): Missing undiscounted rate and price. Without the undiscounted rate and price, unable to verify points as bonafide. Buyer Comment (2026-05-14): Final MAVENT |
06/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225526991 | [Redacted] | [Redacted] | 36369004 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan fails testing due to excessive Points and Fees. | Reviewer Comment (2026-06-18): updated invoice sent Reviewer Comment (2026-06-18): the issue has been escalated and we will reach out once we receive a response Buyer Comment (2026-06-17): Please remove third party fee for processing of $[redacted]from testing. See invoice Reviewer Comment (2026-05-18): Missing undiscounted rate and price. Without the undiscounted rate and price, unable to verify points as bonafide. Buyer Comment (2026-05-14): See MAVENT |
06/18/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225526992 | [Redacted] | [Redacted] | 36368981 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-30): Client elects to waive. |
04/30/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225527068 | [Redacted] | [Redacted] | 36372019 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-19): Client elects to waive. Buyer Comment (2026-05-19): Please see Cover Letter, new RTC, proof of receipt and recission period. |
05/19/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225527068 | [Redacted] | [Redacted] | 36372040 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | No mortgages are paid off through closing. Notice of Right to Cancel form H-8 is required. | Reviewer Comment (2026-05-21): Corrected RTC received along with borrower mailing confirmation. Buyer Comment (2026-05-19): Please see Cover Letter, new RTC, proof of receipt and recission period. |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225527071 | [Redacted] | [Redacted] | 36371507 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-05-21): Final title policy received covering loan value. |
05/21/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225527071 | [Redacted] | [Redacted] | 36371508 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-04-30): Waived. |
04/30/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225527071 | [Redacted] | [Redacted] | 36371509 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-04-30): Waived. |
04/30/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225527071 | [Redacted] | [Redacted] | 36371613 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-05-21): Final title policy received covering loan value. Buyer Comment (2026-05-19): final policy with insured amount upld |
05/21/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225527071 | [Redacted] | [Redacted] | 36371616 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". | Buyer Comment (2026-05-19): ok to waive |
05/19/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225528685 | [Redacted] | [Redacted] | 36372661 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-05-15): Ok to waive per [redacted] |
05/15/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225528685 | [Redacted] | [Redacted] | 36372665 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-05-15): Ok to waive per [redacted] |
05/15/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225528685 | [Redacted] | [Redacted] | 36372666 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". | Buyer Comment (2026-05-15): Ok to waive per [redacted] |
05/15/2026 | No | 2 | A | A | A | A | A | A | B | B | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225530515 | [Redacted] | [Redacted] | 36380508 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-01): waived |
05/01/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Purchase | D | A | B | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225530515 | [Redacted] | [Redacted] | 36380511 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Title Policy Amount of $[redacted] is less than the note amount of $[redacted] based on the Commitment in file. | Reviewer Comment (2026-06-18): Received required documentation. Condition cleared. Buyer Comment (2026-06-17): Please see attached updated title report. |
06/18/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | NJ | Primary | Purchase | D | A | B | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225530515 | [Redacted] | [Redacted] | 36380512 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | NJ | Primary | Purchase | D | A | B | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225533763 | [Redacted] | [Redacted] | 36380449 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-01): waived |
05/01/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||||
| 225541447 | [Redacted] | [Redacted] | 36374271 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-05-21): Final title policy received covering loan value. |
05/21/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225541447 | [Redacted] | [Redacted] | 36374280 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-01): waived |
05/01/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225541447 | [Redacted] | [Redacted] | 36374288 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-01): waived |
05/01/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||
| 225541447 | [Redacted] | [Redacted] | 36374289 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-05-01): waived |
05/01/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225541447 | [Redacted] | [Redacted] | 36379974 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2026-05-21): Final title policy received covering loan value. Buyer Comment (2026-05-19): Title |
05/21/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 225541447 | [Redacted] | [Redacted] | 36380044 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[redacted]. Provide updated policy reflecting minimum coverage of $[redacted] or provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2026-05-21): Replacement cost estimate received. Buyer Comment (2026-05-19): RCE |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 225542710 | [Redacted] | [Redacted] | 36387912 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-01): Client elecs to waive. |
05/01/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225543076 | [Redacted] | [Redacted] | 36386551 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-01): client elects to waive. |
05/01/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||||
| 225544676 | [Redacted] | [Redacted] | 36388773 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Status Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided or Closing Disclosure not provided prior to closing. Any applicable Federal, State [redacted] | Closing Disclosure was not provided prior to closing, as the issue date is [redacted] and the signed closing date is [redacted]. | Reviewer Comment (2026-05-29): [redacted]received closing CD. Buyer Comment (2026-05-29): Please see attached Rebuttal and Final CD dated [redacted]. |
05/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225544676 | [Redacted] | [Redacted] | 36388774 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Right of Rescission Timing - Receipt Date Missing | Missing Final Closing Disclosure Received Date. Unable to determine compliance with rescission timing requirements. | Reviewer Comment (2026-05-29): Final CD provided. Buyer Comment (2026-05-29): Please see attached Rebuttal and Final CD dated [redacted]. |
05/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||
| 225544676 | [Redacted] | [Redacted] | 36388778 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-04): Client elects to waive. |
05/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225544676 | [Redacted] | [Redacted] | 36391423 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Lender double counted taxes and insurance. Final [redacted] shows full payment including escrows and added taxes/insurance, thus debt-to-income ratio is lower than calculated. | Reviewer Comment (2026-05-22): Received 1003 and 1008 provided as Tax and insurance have been removed as borrower is paying tax and HOI with first mortgage payment $[redacted]and using this amount for qualify purpose. information validated DTI discrepancy suffices. Exception Cleared. Buyer Comment (2026-05-20): See attached 1008/1003. Duplication of Tax and insurance have been removed. Please update the PITI on the [redacted] in [redacted] as the actual PITI payment the borrower is making is $[redacted]. Your payment is coming out lower by breaking it out and using the tax and HOI individually, however the actual payment that the borrower pays each month is $[redacted]and this is the amount that should be used to qualify. (difference may be something like a previous escrow shortage or some that the borrower is making up for now). We must qualify the borrower at the higher payment since this is representative of the actual debt payment. |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225544676 | [Redacted] | [Redacted] | 36391437 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Lender double counted taxes and insurance. Final [redacted] shows full payment including escrows and added taxes/insurance, thus debt-to-income ratio is lower than calculated. | Reviewer Comment (2026-05-22): Received 1003 and 1008 provided as Tax and insurance have been removed as borrower is paying tax and HOI with first mortgage payment $[redacted]and using this amount for qualify purpose. information validated DTI discrepancy suffices. Exception Cleared. Buyer Comment (2026-05-20): See attached 1008/1003. Duplication of Tax and insurance have been removed. Please update the PITI on the [redacted] in [redacted] as the actual PITI payment the borrower is making is $[redacted]. Your payment is coming out lower by breaking it out and using the tax and HOI individually, however the actual payment that the borrower pays each month is $[redacted]and this is the amount that should be used to qualify. (difference may be something like a previous escrow shortage or some that the borrower is making up for now). We must qualify the borrower at the higher payment since this is representative of the actual debt payment. |
05/22/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225544676 | [Redacted] | [Redacted] | 36391438 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Lender double counted taxes and insurance. Final [redacted] shows full payment including escrows and added taxes/insurance, thus debt-to-income ratio is lower than calculated. | Reviewer Comment (2026-05-22): Received 1003 and 1008 provided as Tax and insurance have been removed as borrower is paying tax and HOI with first mortgage payment $[redacted]and using this amount for qualify purpose. information validated DTI discrepancy suffices. Exception Cleared. Buyer Comment (2026-05-20): See attached 1008/1003. Duplication of Tax and insurance have been removed. Please update the PITI on the [redacted] in [redacted] as the actual PITI payment the borrower is making is $[redacted]. Your payment is coming out lower by breaking it out and using the tax and HOI individually, however the actual payment that the borrower pays each month is $[redacted]and this is the amount that should be used to qualify. (difference may be something like a previous escrow shortage or some that the borrower is making up for now). We must qualify the borrower at the higher payment since this is representative of the actual debt payment. |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225544920 | [Redacted] | [Redacted] | 36388614 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-04): Client elects to waive. |
05/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225544920 | [Redacted] | [Redacted] | 36388622 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation is not required as AVM Value is supported. | Reviewer Comment (2026-05-04): Client elects to waive. |
05/04/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CT | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225544920 | [Redacted] | [Redacted] | 36388623 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-05-04): Client elects to waive. |
05/04/2026 | No | 2 | A | A | A | A | A | A | B | B | CT | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225544920 | [Redacted] | [Redacted] | 36390030 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | Security Instrucment singed by borrower but was not dated | Reviewer Comment (2026-07-02): Received Scriveners Affidavit correcting the Security Instrument for the borrower's signature date, Exception Cleared Buyer Comment (2026-06-30): Please see attached Scriveners Affidavit correcting the Security Instrument for the borrower's signature date. |
07/02/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | CT | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225545351 | [Redacted] | [Redacted] | 36388826 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-04): Client elects to waive. |
05/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225545504 | [Redacted] | [Redacted] | 36389203 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-04): Client elects to waive. |
05/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||||
| 225545504 | [Redacted] | [Redacted] | 36389208 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | TX | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | |||||||||||||
| 225545504 | [Redacted] | [Redacted] | 36389210 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-05-04): Client elects to waive. |
05/04/2026 | No | 2 | A | A | A | A | A | A | B | B | TX | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||||
| 225545504 | [Redacted] | [Redacted] | 36389225 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance document was not found in file. | Reviewer Comment (2026-05-22): Document received for HOI. Details verified and updated. Exception cleared. Buyer Comment (2026-05-21): no hoi lox upld |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | ||||||||||
| 225545504 | [Redacted] | [Redacted] | 36389244 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | Reviewer Comment (2026-05-22): Third party verification of employment received. Exception cleared. Buyer Comment (2026-05-21): final voe upld |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | |||||||||||
| 225545504 | [Redacted] | [Redacted] | 36389330 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | VVOE is not within [redacted] days from note. | Reviewer Comment (2026-05-22): Third party verification of employment received. Exception cleared. Buyer Comment (2026-05-21): final voe upld to trl docs |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | D | B | C | A | A | A | D | B | N/A | Exempt from ATR | No | |||||||||||
| 225546445 | [Redacted] | [Redacted] | 36388884 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-04): Client elects to waive. |
05/04/2026 | No | 2 | A | A | A | A | A | A | B | B | CA | Primary | Refinance - Cash-out - Other | D | B | B | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225546445 | [Redacted] | [Redacted] | 36388885 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | B | B | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225546445 | [Redacted] | [Redacted] | 36388886 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-04): Client elects to waive. |
05/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | B | B | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225546445 | [Redacted] | [Redacted] | 36388891 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $[redacted] is less than the note amount of $[redacted] based on the Preliminary in file. | Reviewer Comment (2026-05-27): Title policy amount updated from Final title policy. Exception cleared. Buyer Comment (2026-05-26): final policy upld |
05/27/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | D | B | B | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225546445 | [Redacted] | [Redacted] | 36388893 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-05-27): Final title policy received and verified. Exception cleared. |
05/27/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | B | B | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225546635 | [Redacted] | [Redacted] | 36389006 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-04): Client elects to waive. |
05/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||||
| 225546635 | [Redacted] | [Redacted] | 36390206 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Minimum FICO score of [redacted] required as per guideline. Lender exception approved for fico of [redacted] vs [redacted] with compensating factors. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Miscellaneous |
Documentation Type: [redacted] Disposable Income: $[redacted] Reduction in housing payment. |
SitusAMC Aggregator,SitusAMC SitusAMC Aggregator |
Reviewer Comment (2026-05-27): Client elects to waive with compensating factors. Buyer Comment (2026-05-22): exception aprvl upld |
05/27/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | No | |||||||
| 225546635 | [Redacted] | [Redacted] | 36390225 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is over disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]). | Closing Disclosure reflects Amount Financed of $[redacted] but calculated Amount Financed of $[redacted]. Variance = $[redacted]. Lender to provide corrected Closing Disclosure and copy of letter sent to borrower explaining changes. | Reviewer Comment (2026-06-30): [redacted]received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission. Buyer Comment (2026-06-29): right to cancel and proof of receipt upld Reviewer Comment (2026-06-04): [redacted]received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Buyer Comment (2026-06-03): pccd docs upld Reviewer Comment (2026-05-27): Wire fees, Flood certificates and overnight charges are tested as finance charges. Exception is correct. Cure is required. Buyer Comment (2026-05-26): title email upld, please remove the $[redacted]title services fee from the finance charge, it is a one-time fee |
06/30/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | C | B | C | B | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | Yes | |||||||||
| 225546635 | [Redacted] | [Redacted] | 36390226 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). | Closing Disclosure reflects Finance Charge of $[redacted] but calculated Finance Charge of $[redacted]. Variance = $[redacted]. Lender to provide corrected Closing Disclosure and copy of letter sent to borrower explaining changes. | Reviewer Comment (2026-06-30): [redacted]received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission. Buyer Comment (2026-06-29): right to cancel and proof of receipt upld to trl docs Reviewer Comment (2026-06-04): [redacted]received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Buyer Comment (2026-06-03): pccd docs upld to trl docs Reviewer Comment (2026-05-27): Wire fees, Flood certificates and overnight charges are tested as finance charges. Exception is correct. Cure is required. Buyer Comment (2026-05-26): title email upld to trl docs, please remove the $[redacted]title services fee from the finance charge, it is a one-time fee |
06/30/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | C | B | C | B | A | A | Higher Priced QM (APOR) | Higher Priced QM (APOR) | Yes | |||||||||
| 225546865 | [Redacted] | [Redacted] | 36389162 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-04): Client elects to waive. |
05/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225546865 | [Redacted] | [Redacted] | 36391899 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender credit exception for [redacted]% max CLTV, [redacted]% exception. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-05-04): Client elects to waive with compensating factors. |
05/04/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||
| 225546865 | [Redacted] | [Redacted] | 36392096 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | There is a title commitment in the file that reflects a mortgage with [redacted]. Please provide evidence this has been satisfied. In addition there is a UCC1 on title. Evidence this has either been satisfied or subordinated to the subject lien is required. | Reviewer Comment (2026-05-20): Satisfaction of lien for Solar [redacted] Buyer Comment (2026-05-18): Title and UCC |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225547116 | [Redacted] | [Redacted] | 36393843 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal, but has a supporting valuation, the loan will receive a grade of "B". | Buyer Comment (2026-05-16): OK to waive per [redacted] |
05/16/2026 | No | 2 | A | A | A | A | A | A | B | B | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225547116 | [Redacted] | [Redacted] | 36393844 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-04): Waived. |
05/04/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225547116 | [Redacted] | [Redacted] | 36393854 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-04): Waived. |
05/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225547132 | [Redacted] | [Redacted] | 36397580 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-05): waived |
05/05/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225547931 | [Redacted] | [Redacted] | 36397639 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-05): Client elects to waive. |
05/05/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225547931 | [Redacted] | [Redacted] | 36397672 | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) [redacted] Cash-out Loan (Fannie Mae forms not used for closing of home equity loan) | [redacted] Constitution Section [redacted](a)([redacted]): Fannie Mae forms not used for closing of home equity loan. | Buyer Comment (2026-05-19): Ok to waive per [redacted] |
05/19/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The failure to use FNMA Documents does not present a clear remediation path. | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225547932 | [Redacted] | [Redacted] | 36397662 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a second lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of 'B'. | Reviewer Comment (2026-05-05): Client elects to waive. |
05/05/2026 | No | 2 | A | A | A | A | A | A | B | B | CT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225547932 | [Redacted] | [Redacted] | 36397663 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-05): Client elects to waive. |
05/05/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | CT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||
| 225547932 | [Redacted] | [Redacted] | 36397665 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-05): Client elects to waive. |
05/05/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225547932 | [Redacted] | [Redacted] | 36397683 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI variance because the lender used $[redacted] (PITIA) for First Mortgage P&I. The P&I is $[redacted]. | Reviewer Comment (2026-06-03): As per response information re-validated payment differential of amount $[redacted]consider to suffice the DTI discrepancy. Exception Cleared. Buyer Comment (2026-06-01): [redacted]. The taxes are actually $[redacted](please see full tax cert on last page of title commitment [redacted]). I was using the escrow shortage as an example as to why your payment on your mortgage statement may be higher than if you calculate separately. HOWEVER, You have to pay the amount on your mortgage statement you cant just tell your mortgagor you're going to pay less. Per the credit report and the mortgage statement the borrower's monthly payment is $[redacted]this is the payment we need to qualify the borrower with. Please correct your figures and DTI accordingly. Reviewer Comment (2026-05-22): P&I as per mortgage statement is $[redacted]. Tax insurance amount of $[redacted]and insurance amount of $[redacted]is already included in DTI calculation. Shortage of $[redacted]is not found which is causing [redacted]% variance in DTI. Require bifurcation or document for these fees. Buyer Comment (2026-05-20): Per the mortgage statement the actual payment the borrower is making is $[redacted], This is the accurate representation of the actual debt payment the borrower is making even though the tax and insurance, individually, may be coming out less. (the borrower may have had an escrow shortage or something that is requiring the payment to be higher). Please correct your review to match the actual payment as reflected on the mortgage statement and the credit report as the DTI of [redacted]is accurate. |
06/03/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | CT | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225547932 | [Redacted] | [Redacted] | 36397684 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall due to DTI variance because the lender used $[redacted] (PITIA) for First Mortgage P&I. The P&I is $[redacted]. | Reviewer Comment (2026-06-03): As per response information re-validated payment differential of amount $[redacted]consider to suffice the DTI discrepancy. Exception Cleared. Buyer Comment (2026-06-01): [redacted]. The taxes are actually $[redacted](please see full tax cert on last page of title commitment [redacted]). I was using the escrow shortage as an example as to why your payment on your mortgage statement may be higher than if you calculate separately. HOWEVER, You have to pay the amount on your mortgage statement you cant just tell your mortgagor you're going to pay less. Per the credit report and the mortgage statement the borrower's monthly payment is $[redacted]this is the payment we need to qualify the borrower with. Please correct your figures and DTI accordingly. Reviewer Comment (2026-05-22): P&I as per mortgage statement is $[redacted]. Tax insurance amount of $[redacted]and insurance amount of $[redacted]is already included in DTI calculation. Shortage of $[redacted]is not found which is causing [redacted]% variance in DTI. Require bifurcation or document for these fees. Buyer Comment (2026-05-20): Per the mortgage statement the actual payment the borrower is making is $[redacted], This is the accurate representation of the actual debt payment the borrower is making even though the tax and insurance, individually, may be coming out less. (the borrower may have had an escrow shortage or something that is requiring the payment to be higher). Please correct your review to match the actual payment as reflected on the mortgage statement and the credit report as the DTI of [redacted]is accurate. |
06/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225547932 | [Redacted] | [Redacted] | 36401077 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | DTI variance is due to the lender used $[redacted] (PITIA) for First Mortgage P&I. The P&I is $[redacted]. | Reviewer Comment (2026-06-03): As per response information re-validated payment differential of amount $[redacted]consider to suffice the DTI discrepancy. Exception Cleared. Buyer Comment (2026-06-01): [redacted]. The taxes are actually $[redacted](please see full tax cert on last page of title commitment [redacted]). I was using the escrow shortage as an example as to why your payment on your mortgage statement may be higher than if you calculate separately. HOWEVER, You have to pay the amount on your mortgage statement you cant just tell your mortgagor you're going to pay less. Per the credit report and the mortgage statement the borrower's monthly payment is $[redacted]this is the payment we need to qualify the borrower with. Please correct your figures and DTI accordingly. Reviewer Comment (2026-05-22): P&I as per mortgage statement is $[redacted]. Tax insurance amount of $[redacted]and insurance amount of $[redacted]is already included in DTI calculation. Shortage of $[redacted]is not found which is causing [redacted]% variance in DTI. Require bifurcation or document for these fees. Buyer Comment (2026-05-20): Per the mortgage statement the actual payment the borrower is making is $[redacted], This is the accurate representation of the actual debt payment the borrower is making even though the tax and insurance, individually, may be coming out less. (the borrower may have had an escrow shortage or something that is requiring the payment to be higher). Please correct your review to match the actual payment as reflected on the mortgage statement and the credit report as the DTI of [redacted]is accurate. |
06/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225550712 | [Redacted] | [Redacted] | 36404126 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | N/A | A | D | A | CT | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225550712 | [Redacted] | [Redacted] | 36404127 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-06): waived |
05/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225550712 | [Redacted] | [Redacted] | 36409114 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | both borrowers signed, but didn't date. Please have borrowers sign and date . | Reviewer Comment (2026-05-29): Received Security Instrument in file. Exception Cleared. Buyer Comment (2026-05-28): recorded mtg with dates completed upld |
05/29/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | CT | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225550726 | [Redacted] | [Redacted] | 36404164 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-02): Client elects to waive. |
06/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Home Improvement | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225550762 | [Redacted] | [Redacted] | 36402700 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-06): waived |
05/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225550762 | [Redacted] | [Redacted] | 36402707 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Total verified income of $[redacted], qualifying PITIA $[redacted] and credit debt $[redacted]. Lender used PITI of $[redacted] as First Mortgage P&I. P&I is $[redacted]. | Reviewer Comment (2026-05-21): Updated 1008 & 1003 received matching with current calculated DTI of [redacted]%. Buyer Comment (2026-05-19): DTI corrected, bid tape correction requested |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225550762 | [Redacted] | [Redacted] | 36402710 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-05-19): Ok to waive per [redacted] |
05/19/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | PA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225550762 | [Redacted] | [Redacted] | 36402712 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation, the loan will receive a grade of "B". | Reviewer Comment (2026-05-06): waived |
05/06/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | PA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225550762 | [Redacted] | [Redacted] | 36402774 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to DTI variance because lender used PITI of $[redacted] as First Mortgage P&I. P&I is $[redacted]. | Reviewer Comment (2026-05-21): Updated 1008 & 1003 received matching with current calculated DTI of [redacted]%. |
05/21/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | PA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225550762 | [Redacted] | [Redacted] | 36402775 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall due to DTI variance because lender used PITI of $[redacted] as First Mortgage P&I. P&I is $[redacted]. | Reviewer Comment (2026-05-21): Updated 1008 & 1003 received matching with current calculated DTI of [redacted]%. |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | PA | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225550764 | [Redacted] | [Redacted] | 36401092 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | The rating agencies must specifically approve the client for this reduced scope as a second lien. | Reviewer Comment (2026-05-06): waived |
05/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | DE | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225550764 | [Redacted] | [Redacted] | 36401093 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation was not found in file. | Reviewer Comment (2026-05-06): waived |
05/06/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | DE | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225550764 | [Redacted] | [Redacted] | 36401107 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-05-06): waived |
05/06/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | DE | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225550764 | [Redacted] | [Redacted] | 36401189 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Rate lock date was not found. | Reviewer Comment (2026-05-28): Received Rate Lock document. Exception cleared. Buyer Comment (2026-05-26): locks upld |
05/28/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | DE | Primary | Refinance - Cash-out - Other | B | A | A | A | B | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225550765 | [Redacted] | [Redacted] | 36403236 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-06): The client elects to waive |
05/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225550766 | [Redacted] | [Redacted] | 36402498 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-06): waived |
05/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225550766 | [Redacted] | [Redacted] | 36402500 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
The DTI on the [redacted] does not included the full PITI on the borrower's primary residence. Calculated DTI is within guidelines but exceeds [redacted]% of the bid tape value. | Reviewer Comment (2026-05-26): Received revised Final 1003 and 1008, DTI discrepancy suffices. Exception Cleared. Buyer Comment (2026-05-21): Please see attached updated 1008/1003 reflecting corrected Payments as applicable. I have escalated for [redacted] on my end and will request Bid-Tape update upon approval of [redacted]. |
05/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225554213 | [Redacted] | [Redacted] | 36411380 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-06): Client acknowledges exception. This exception is for informational purposes only and does not impact grading. |
05/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225554213 | [Redacted] | [Redacted] | 36411381 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-05-22): [redacted] Ok to waive per [redacted] |
05/22/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | MA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225554213 | [Redacted] | [Redacted] | 36411384 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-05-22): [redacted] Ok to waive per [redacted] |
05/22/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | MA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225554213 | [Redacted] | [Redacted] | 36411392 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | Although the new lender is the prior originating lender of the existing 1st lien, no mortgages are paid off through closing. Notice of Right to Cancel form H-[redacted] is required. | Reviewer Comment (2026-06-09): Received RTC documents. Exception cleared. Buyer Comment (2026-06-08): New RTC form issued, Recission period was re-opened. Please see attached RTC, Cover letter and proof borrower received document. |
06/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225554215 | [Redacted] | [Redacted] | 36410254 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-06): Client acknowledges exception. This exception is for informational purposes only and does not impact grading. |
05/06/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225554363 | [Redacted] | [Redacted] | 36412763 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-07): Client elects to waive. |
05/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225554363 | [Redacted] | [Redacted] | 36412764 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM provided. No secondary valuation was provided. | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | SC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225554363 | [Redacted] | [Redacted] | 36412765 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | VM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-05-07): Client elects to waive. |
05/07/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | SC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| 225554368 | [Redacted] | [Redacted] | 36412723 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-07): Client elects to waive. |
05/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225554369 | [Redacted] | [Redacted] | 36412952 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-07): Client elects to waive. |
05/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Non QM | Non QM | No | ||||||||||||
| 225554369 | [Redacted] | [Redacted] | 36412953 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | N/A | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Non QM | Non QM | No | ||||||||||||
| 225554369 | [Redacted] | [Redacted] | 37037471 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM does not support the value used to qualify | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | N/A | C | CA | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Non QM | Non QM | No | |||||||||||||||
| 225554370 | [Redacted] | [Redacted] | 36412731 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-07): Client elects to waive. |
05/07/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225559895 | [Redacted] | [Redacted] | 36420211 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-11): waived |
05/11/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225559895 | [Redacted] | [Redacted] | 36420212 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-11): waived |
05/11/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | NV | Primary | Refinance - Cash-out - Other | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225559895 | [Redacted] | [Redacted] | 36420213 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-05-11): waived |
05/11/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | NV | Primary | Refinance - Cash-out - Other | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225559895 | [Redacted] | [Redacted] | 36420231 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-06-04): Received Final Title Policy is verified and associated, exception cleared. |
06/04/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225559895 | [Redacted] | [Redacted] | 36420254 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-06-04): Received Final Title Policy is verified and associated, exception cleared. Buyer Comment (2026-06-02): final policy upld |
06/04/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | NV | Primary | Refinance - Cash-out - Other | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225559895 | [Redacted] | [Redacted] | 36420272 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [redacted], prior to three ([redacted]) business days from transaction date of [redacted]. | Reviewer Comment (2026-06-04): Received Closing Statement is verified and override the disbursement date, exception cleared. Buyer Comment (2026-06-02): final ss confirming disbursement date of [redacted] upld |
06/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||
| 225559896 | [Redacted] | [Redacted] | 36420129 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-08): The client elects to waive |
05/08/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225561924 | [Redacted] | [Redacted] | 36420300 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Buyer Comment (2026-06-02): Ok to waive |
06/02/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225561924 | [Redacted] | [Redacted] | 36420302 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-06-02): Ok to waive |
06/02/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | NC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225561924 | [Redacted] | [Redacted] | 36420304 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Buyer Comment (2026-06-02): Ok to waive |
06/02/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | NC | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225562780 | [Redacted] | [Redacted] | 36420611 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-05-11): waived |
05/11/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225562780 | [Redacted] | [Redacted] | 36420613 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-11): waived |
05/11/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225562780 | [Redacted] | [Redacted] | 36420614 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-11): waived |
05/11/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225562906 | [Redacted] | [Redacted] | 36421054 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-11): waived |
05/11/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225562906 | [Redacted] | [Redacted] | 36421055 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-11): waived |
05/11/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225562906 | [Redacted] | [Redacted] | 36421056 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-05-11): waived |
05/11/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225567897 | [Redacted] | [Redacted] | 36437271 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-12): Client elects to waive. |
05/12/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OR | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225567897 | [Redacted] | [Redacted] | 36437274 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-12): Client elects to waive. |
05/12/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | OR | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 225567897 | [Redacted] | [Redacted] | 36437276 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-12): Client elects to waive. |
05/12/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | OR | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| 225567897 | [Redacted] | [Redacted] | 36437305 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Reviewer Comment (2026-06-09): Hazard Insurance Policy document received and verified. Exception cleared Buyer Comment (2026-06-08): [redacted] page Reviewer Comment (2026-06-03): The received HOI policy is not considered because it does not include the second lien mortgagee's name, exception remains Buyer Comment (2026-06-01): hoi policy |
06/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| 225568324 | [Redacted] | [Redacted] | 36436283 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-12): Client elects to waive. |
05/12/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225568324 | [Redacted] | [Redacted] | 36436304 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Received only [redacted] months of business bank statements from [redacted] Bank account ending #[redacted]. Required [redacted] more months of recent, consecutive business bank statements. Received bank statements from [redacted] to [redacted]. | Reviewer Comment (2026-06-03): No additional business accounts are required. Business statement #[redacted]starts from [redacted], with an initial balance of $[redacted], exception cleared. Buyer Comment (2026-06-01): please see comments on uw transmittal summary, [redacted] statements were also provided in loan file |
06/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225568324 | [Redacted] | [Redacted] | 36436306 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Received only [redacted] months of business bank statements from [redacted] Bank account ending #[redacted]. Required [redacted] more months of recent, consecutive business bank statements. Received bank statements from [redacted] to [redacted]. | Reviewer Comment (2026-06-03): No additional business accounts are required. Business statement #[redacted]starts from [redacted], with an initial balance of $[redacted], exception cleared. Buyer Comment (2026-06-01): please see comments on uw transmittal summary, [redacted] statements were also provided in loan file |
06/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225568324 | [Redacted] | [Redacted] | 36436308 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Received only [redacted] months of business bank statements from [redacted] Bank account ending #[redacted]. Required [redacted] more months of recent, consecutive business bank statements. Received bank statements from [redacted] to [redacted]. | Reviewer Comment (2026-06-03): No additional business accounts are required. Business statement #[redacted]starts from [redacted], with an initial balance of $[redacted], exception cleared. Buyer Comment (2026-06-01): please see comments on uw transmittal summary, [redacted] statements were also provided in loan file |
06/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225568324 | [Redacted] | [Redacted] | 36441915 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Reviewer Comment (2026-06-03): The Qualifying DTI is calculated as per the loan UW transmittal summary, exception is cleared. Buyer Comment (2026-06-01): please see comments on uw transmittal summary, [redacted] statements were also provided in loan file |
06/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225568326 | [Redacted] | [Redacted] | 36436383 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-12): Client elects to waive. |
05/12/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225568326 | [Redacted] | [Redacted] | 36436384 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-13): Client elects to waive |
05/13/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225568633 | [Redacted] | [Redacted] | 36436538 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-12): Client elects to waive. |
05/12/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225568910 | [Redacted] | [Redacted] | 36437254 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | N/A | A | D | A | UT | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225568910 | [Redacted] | [Redacted] | 36437261 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-12): Client elects to waive. |
05/12/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | UT | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225568910 | [Redacted] | [Redacted] | 37037544 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM does not support the value used to qualify | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | N/A | C | UT | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 225569088 | [Redacted] | [Redacted] | 36453136 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-13): Client elects to waive. |
05/13/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | MT | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225569088 | [Redacted] | [Redacted] | 36453137 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-13): Client elects to waive. |
05/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MT | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225569088 | [Redacted] | [Redacted] | 36453160 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | The file is missing the secondary valuation required for securitization purposes. | Reviewer Comment (2026-05-13): Client elects to waive. |
05/13/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | MT | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225569089 | [Redacted] | [Redacted] | 36451538 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-12): Client elects to waive. |
05/12/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225569544 | [Redacted] | [Redacted] | 36450752 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-13): Client elects to waive. |
05/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225569544 | [Redacted] | [Redacted] | 36450759 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-13): Client elects to waive. |
05/13/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | FL | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225569544 | [Redacted] | [Redacted] | 36450761 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Buyer Comment (2026-06-01): ok to wave |
06/01/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | FL | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225572142 | [Redacted] | [Redacted] | 36451022 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-13): Client elects to waive. |
05/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225572142 | [Redacted] | [Redacted] | 36451042 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note - Senior Lien not provided | Reviewer Comment (2026-06-04): Senior lien note copy received and updated. Buyer Comment (2026-06-02): Please see attached Note for [redacted]. |
06/04/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225572142 | [Redacted] | [Redacted] | 36451057 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted], Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted]. | Reviewer Comment (2026-05-13): Client elects to waive. |
05/13/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225572142 | [Redacted] | [Redacted] | 36451059 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Reviewer Comment (2026-06-04): Updated appraisal received, CLTV matched to [redacted]%. Buyer Comment (2026-06-02): Please see attached updated appraisal for $[redacted]which brings LTV/CLTV to [redacted]% |
06/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225572142 | [Redacted] | [Redacted] | 36660458 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Data discrepancy: LTV | Reviewer Comment (2026-06-06): Cleared. Calculated LTV is [redacted]% Buyer Comment (2026-06-04): Please see the attached LTV Rebuttal. Thank you. |
06/06/2026 | No | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| 225572974 | [Redacted] | [Redacted] | 36456161 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure APR | TILA-RESPA Integrated Disclosure - Loan Calculations: APR of [redacted][redacted]% on Final Closing Disclosure provided on [redacted] is under-disclosed from the calculated APR of [redacted][redacted]% outside of [redacted]% tolerance. | TILA-RESPA Integrated Disclosure - Loan Calculations: APR of [redacted][redacted]% on Final Closing Disclosure provided on [redacted] is under-disclosed from the calculated APR of [redacted][redacted]% outside of [redacted]% tolerance. (Final/[redacted]) | Reviewer Comment (2026-06-15): [redacted]received Corrected CD & LOE to borrower moving borrower optional fee to section H & explanation of fee. Buyer Comment (2026-06-12): Reimbursement fee is a 3rd party fee and is moved to section H |
06/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable | D | B | C | B | C | A | D | B | N/A | Exempt from ATR | Yes | |||||||||
| 225572974 | [Redacted] | [Redacted] | 36456162 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold. Disclosed Amount Financed on page [redacted] is also blank or inaccurate. Fee amounts included in Finance Charge and Amount Financed calculations are based on Closing Disclosure dated [redacted]). | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under-disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted], which exceeds the $[redacted] threshold. Disclosed Amount Financed on page [redacted] is also blank or inaccurate. Fee amounts included in Finance Charge and Amount Financed calculations are based on Closing Disclosure dated [redacted]. (Final/[redacted]) Remove/Clear Exceptions | Reviewer Comment (2026-06-15): [redacted]received Corrected CD & LOE to borrower moving borrower optional fee to section H & explanation of fee. Buyer Comment (2026-06-12): See updated PCCD |
06/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | C | B | C | A | D | B | N/A | Exempt from ATR | Yes | |||||||||
| 225572974 | [Redacted] | [Redacted] | 36456227 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-13): Client elects to waive. |
05/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | C | A | D | B | N/A | Exempt from ATR | No | ||||||||||||
| 225572974 | [Redacted] | [Redacted] | 36456228 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. The supporting secondary valuation is missing. Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | N/A | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | C | A | D | B | N/A | Exempt from ATR | No | ||||||||||||
| 225572974 | [Redacted] | [Redacted] | 36456230 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-13): Client elects to waive. |
05/13/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | C | A | D | B | N/A | Exempt from ATR | No | |||||||||||
| 225572974 | [Redacted] | [Redacted] | 36456428 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Variance between diligence DTI and bid tape DTI does not meet [redacted] requirements. Variance is more than [redacted]%, or one value is below [redacted] and the other is above [redacted], or one value is below [redacted] and the other is above [redacted]. | Reviewer Comment (2026-06-06): Cleared. Received updated bid tape. Reviewer Comment (2026-06-06): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Diligence Investor Qualifying Total Debt Ratio: [redacted]%; Bid Tape Investor Qualifying Total Debt Ratio: [redacted]%. Buyer Comment (2026-06-04): Updated 1008,1003. Requested bid tape correction |
06/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | C | A | D | B | N/A | Exempt from ATR | No | |||||||||||
| 225572974 | [Redacted] | [Redacted] | 36456447 | Credit | Loan Eligibility | Guideline Issue | Loan Eligibility | Housing history reflects lates that do not meet guidelines. | - Housing history reflects a total of ___ reported late payments. | Housing history shows one or more late housing payments. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-06-06): Client elects to waive with compensating factors. Reviewer Comment (2026-06-06): Lender exception provided for delinquent houding payment. Buyer Comment (2026-06-04): Exception |
06/06/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | C | A | D | B | N/A | Exempt from ATR | No | |||||||
| 225572974 | [Redacted] | [Redacted] | 36456480 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Reviewer Comment (2026-06-06): Cleared. Received updated bid tape. |
06/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | C | A | D | B | N/A | Exempt from ATR | No | ||||||||||
| 225572974 | [Redacted] | [Redacted] | 36672243 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender excception provided for [redacted]% CLTV to [redacted]% with a [redacted] FICO. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
Aggregator,SitusAMC SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-06-06): Client elects to waive with compensating factors. |
06/06/2026 | Yes | 2 | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | D | B | C | B | C | A | D | B | N/A | Exempt from ATR | No | |||||||||||||
| 225573116 | [Redacted] | [Redacted] | 36454494 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-13): Client elects to waive. |
05/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225573116 | [Redacted] | [Redacted] | 36454496 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | No secondary appraisal or hybrid interior appraisal required | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | N/A | A | D | A | IL | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225573116 | [Redacted] | [Redacted] | 37037639 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM does not support the value used to qualify. | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | N/A | C | IL | Primary | Refinance - Cash-out - Other | D | C | A | A | A | A | D | C | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 225579056 | [Redacted] | [Redacted] | 36459055 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-13): Client elects to waive. |
05/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | KS | Primary | Purchase | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225579690 | [Redacted] | [Redacted] | 36460983 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-13): Client elects to waive. |
05/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225579690 | [Redacted] | [Redacted] | 36460990 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | Reviewer Comment (2026-06-04): Corrected RTC form received and verified. Exception cleared. Buyer Comment (2026-06-02): recission sent |
06/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225579690 | [Redacted] | [Redacted] | 36657024 | Compliance | Compliance | Federal Compliance | TILA | TILA Notice of Right to Cancel Expiration Date greater than Deal Start Date. | Rescission expiration date provided by lender on Notice of Right to Cancel has not expired as of time of review. | Rescission expiration date provided by lender on Notice of Right to Cancel has not expired as of time of review. | Reviewer Comment (2026-06-09): Corrected RTC received. Buyer Comment (2026-06-05): Expires [redacted], please clear |
06/09/2026 | No | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||
| 225579691 | [Redacted] | [Redacted] | 36461379 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-13): Client elects to waive. |
05/13/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225579691 | [Redacted] | [Redacted] | 36461384 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address [redacted] | Note reflects city name as [redacted], Insurance reflects city name as [redacted]. | Reviewer Comment (2026-06-08): Affidavit received for the city name & corrected address. Exception cleared. Buyer Comment (2026-06-04): Affidavit |
06/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225586260 | [Redacted] | [Redacted] | 36474402 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2026-06-11): Supplemental policy amount for $[redacted]received Buyer Comment (2026-06-10): title supplement upld |
06/11/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225586260 | [Redacted] | [Redacted] | 36474404 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-18): per deal notes |
05/18/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225586263 | [Redacted] | [Redacted] | 36474165 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | N/A | A | D | A | NJ | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225586263 | [Redacted] | [Redacted] | 36474166 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-19): waived |
05/19/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225586263 | [Redacted] | [Redacted] | 36488921 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Diligence Investor Qualifying Total Debt Ratio: ___; Bid Tape Investor Qualifying Total Debt Ratio: ___. |
Field Value DTI [redacted]% is lower than [redacted]% [redacted] Loan Transmittal and Loan Approval value but within [redacted]% and < [redacted]% DTI. Unable to reconcile source of [redacted]% tape DTI | Reviewer Comment (2026-06-08): Updated 1008 received matching with calculated DTI of [redacted]%. Buyer Comment (2026-06-04): Please see attached. |
06/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225586263 | [Redacted] | [Redacted] | 36488977 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall finding due to variance between diligence DTI and bid tape DTI does not meet [redacted] requirements, resulting in loan designation discrepancy. | Reviewer Comment (2026-06-08): Updated 1008 received matching with calculated DTI of [redacted]%. Buyer Comment (2026-06-04): Waterfall. Please clear. |
06/08/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225586263 | [Redacted] | [Redacted] | 36488978 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall finding due to variance between diligence DTI and bid tape DTI does not meet [redacted] requirements. | Reviewer Comment (2026-06-08): Updated 1008 received matching with calculated DTI of [redacted]%. Buyer Comment (2026-06-04): Waterfall. Please clear. |
06/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | D | A | C | A | C | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225589186 | [Redacted] | [Redacted] | 36475385 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-19): Client elects to waive. |
05/19/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | DE | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225589186 | [Redacted] | [Redacted] | 36475386 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-19): Client elects to waive. |
05/19/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | DE | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225589186 | [Redacted] | [Redacted] | 36475387 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-19): Client elects to waive. |
05/19/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | DE | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225589186 | [Redacted] | [Redacted] | 36493282 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2026-06-08): Updated Title Commitment received and associated. Exception cleared. Buyer Comment (2026-06-05): final title upld |
06/08/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | DE | Primary | Refinance - Cash-out - Other | B | A | B | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225602441 | [Redacted] | [Redacted] | 36520492 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-19): The client elects to waive |
05/19/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225602441 | [Redacted] | [Redacted] | 36520493 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-19): The client elects to waive |
05/19/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225602441 | [Redacted] | [Redacted] | 36520494 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Buyer Comment (2026-06-05): Ok to waive per [redacted] |
06/05/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225604156 | [Redacted] | [Redacted] | 36517874 | Credit | Guideline | Guideline Issue | Guideline | Variance between diligence DSCR and bid tape DSCR does not meet [redacted] requirements. Variance is more than [redacted]. | Discrepancy is due to unable to verify the P&I payment of the first mortgage. | Reviewer Comment (2026-06-04): Received note for 1st lien and underwriting worksheet. Exception cleared. Buyer Comment (2026-06-02): Please review requested items and clear finding. [redacted] 's DSCR is correct at [redacted] Buyer Comment (2026-06-02): DSCR[redacted]; Guideline snip allowing 'ITIA' for DSCR; I/O Note for primary lien Buyer Comment (2026-06-02): DSCR [redacted]; Guideline snip allowing 'ITIA' for DSCR; I/O Note for primary lien |
06/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 225604156 | [Redacted] | [Redacted] | 36546170 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Discrepancy due to missing either a current mortgage statement for the first or the note for the first.mortgage. Needed to determine P&I only payment. | Reviewer Comment (2026-06-04): Received note for 1st lien and underwriting worksheet. Exception cleared. Buyer Comment (2026-06-02): Waterfall, please review items uploaded in prior condition and clear finding |
06/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| 225624183 | [Redacted] | [Redacted] | 36531952 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-19): Per deal notes |
05/19/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||
| 225624183 | [Redacted] | [Redacted] | 36531958 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | File was missing a copy of the [redacted] and [redacted] bank statements for account #[redacted]. | Reviewer Comment (2026-06-12): Received business bank statements for [redacted], verified and associated; exception cleared. Buyer Comment (2026-06-10): additional [redacted] & [redacted]statements upld |
06/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225624183 | [Redacted] | [Redacted] | 36531959 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | File was missing a copy of the [redacted] and [redacted] bank statements for account #[redacted]. | Reviewer Comment (2026-06-12): Received business bank statements for [redacted], verified and associated; exception cleared. Buyer Comment (2026-06-10): additional [redacted] & [redacted]statements upld to trl docs |
06/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225624183 | [Redacted] | [Redacted] | 36531962 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File was missing insurance verification to verify remaining expenses. | Reviewer Comment (2026-06-12): Received Letter of Explanation (LOE) is verified and associated, exception cleared. Buyer Comment (2026-06-10): hoi/hoa lox upld |
06/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| 225624183 | [Redacted] | [Redacted] | 36531963 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | File was missing a copy of the [redacted] and [redacted] bank statements for account #[redacted]. | Reviewer Comment (2026-06-12): Received business bank statements for [redacted], verified and associated; exception cleared. Buyer Comment (2026-06-10): additional [redacted] & [redacted]statements upld to trl docs |
06/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225624183 | [Redacted] | [Redacted] | 36531964 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | File was missing a copy of the [redacted] and [redacted] bank statements for account #[redacted]. | Reviewer Comment (2026-06-12): Received business bank statements for [redacted], verified and associated; exception cleared. Buyer Comment (2026-06-10): additional [redacted] & [redacted]statements upld to trl docs |
06/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225624183 | [Redacted] | [Redacted] | 36533759 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Lender Exception(s) not provided | Lender Exception MAX CLTV, currently over [redacted]% at [redacted]%. Lates: [redacted] open [redacted] last delinquent [redacted] [redacted]. | Reviewer Comment (2026-06-12): Lender Exception with Compensating Factors provided. Buyer Comment (2026-06-10): exception aprvl upld |
06/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| 225624183 | [Redacted] | [Redacted] | 36540902 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Per guideline, lender approved exception for LTV was missing. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. |
Borrower has been employed in the same industry for more than [redacted] years. Borrower has owned the subject property for at least [redacted] years. Documentation Type: [redacted] Disposable Income: $[redacted] Borrower has worked in the same position for more than [redacted] years. |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-06-12): Lender Exception with Compensating Factors provided. Buyer Comment (2026-06-10): exception aprvl upld to trl docs |
06/12/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||
| 225639464 | [Redacted] | [Redacted] | 36549276 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-21): client elects to waive |
05/21/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NM | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225639464 | [Redacted] | [Redacted] | 36549283 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification for [redacted] [redacted]. | Reviewer Comment (2026-06-10): As per the property report the property is vacant land hence insurance is not required. Exception cleared. Buyer Comment (2026-06-08): This is land only. There is no insurance on the property. Please clear condition. |
06/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NM | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225639464 | [Redacted] | [Redacted] | 36549285 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification for [redacted] [redacted]. | Reviewer Comment (2026-06-10): As per the property report the property is vacant land hence insurance is not required. Exception cleared. Buyer Comment (2026-06-08): This is land only. There is no insurance on the property. Please clear condition. |
06/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NM | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225639464 | [Redacted] | [Redacted] | 36549286 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification for [redacted] [redacted]. | Reviewer Comment (2026-06-10): As per the property report the property is vacant land hence insurance is not required. Exception cleared. Buyer Comment (2026-06-08): This is land only. There is no insurance on the property. Please clear condition. |
06/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NM | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225639464 | [Redacted] | [Redacted] | 36549288 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal from prior transaction was in file. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary valuation is not required as appraised value is supported. | Buyer Comment (2026-06-08): Please clear per [redacted] |
06/08/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | NM | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225639465 | [Redacted] | [Redacted] | 36548929 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-21): The client elects to waive |
05/21/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225639465 | [Redacted] | [Redacted] | 36548935 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-05-21): The client elects to waive |
05/21/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225639465 | [Redacted] | [Redacted] | 36548948 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" | Buyer Comment (2026-06-10): OK to waive per [redacted] |
06/10/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225646775 | [Redacted] | [Redacted] | 36568969 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-22): Client elects to waive. |
05/22/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Non QM | Non QM | No | ||||||||||||
| 225646775 | [Redacted] | [Redacted] | 36568970 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | N/A | A | D | A | AZ | Primary | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | Non QM | Non QM | No | ||||||||||||
| 225658334 | [Redacted] | [Redacted] | 36574089 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-05-29): Client elects to waive. |
05/29/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225663211 | [Redacted] | [Redacted] | 36583436 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-01): Client elects to waive |
06/01/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225663211 | [Redacted] | [Redacted] | 36583437 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-06-01): Client elects to waive |
06/01/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225663211 | [Redacted] | [Redacted] | 36583438 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-06-01): Client elects to waive |
06/01/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | NJ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225669443 | [Redacted] | [Redacted] | 36583085 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B" Client may elect to waive. | Reviewer Comment (2026-06-04): Client elects to waive. Buyer Comment (2026-06-04): PCI also provided per the guidelines |
06/04/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | NJ | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225669443 | [Redacted] | [Redacted] | 36583091 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | The file is missing the secondary valuation required for securitization purposes. | Reviewer Comment (2026-06-01): Client elects to waive. |
06/01/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | NJ | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225669443 | [Redacted] | [Redacted] | 36583099 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-01): Client elects to waive. |
06/01/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225669443 | [Redacted] | [Redacted] | 36583256 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted] form should have been used. | Loan transaction did not pay off a lender to lender mortgage. The H9 RTC form was used, however the H8 RTC form should have been used. Please provide the corrected RTC with a new rescission period (does not need to be signed), letter to borrower explaining the issue and the mailing label. Borrower must receive the Corrected package at least [redacted] business days prior to the new expiration date on the corrected RTC. | Reviewer Comment (2026-06-05): Right to cancel received. Exception cleared. Buyer Comment (2026-06-04): sent to bwr RTC |
06/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225670902 | [Redacted] | [Redacted] | 36606651 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-01): per deal notes |
06/01/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225677367 | [Redacted] | [Redacted] | 36609464 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | This profile contains a reduced scope for subordinate liens. The rating agencies must specifically approve the client for this reduced scope. Please consult UWQ/Lead/CSM for further instruction. Profile: Compliance + Credit + Full QM/ATR + Full Sec + Force QM (Closed End Seconds TRID Basic) #[redacted]. | Reviewer Comment (2026-06-03): Client elects to waive |
06/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225683412 | [Redacted] | [Redacted] | 36630902 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-03): Client elects to waive. |
06/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225683412 | [Redacted] | [Redacted] | 36630903 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-06-03): Client elects to waive. |
06/03/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225683412 | [Redacted] | [Redacted] | 36630904 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-06-03): Client elects to waive. |
06/03/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225684256 | [Redacted] | [Redacted] | 36633220 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | AVM provided as a primary valuation on a 2nd lien. Rating is a B for S&P per [redacted] Securitization Bulletin. S&P expects an origination valuation to be conducted that meets industry standards. If the initial product is not an appraisal but has a supporting valuation the loan will receive a grade of "B". | Reviewer Comment (2026-06-03): Client elects to waive. |
06/03/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225684256 | [Redacted] | [Redacted] | 36633221 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-06-03): Client elects to waive. |
06/03/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225684256 | [Redacted] | [Redacted] | 36633222 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-03): Client elects to waive. |
06/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225684256 | [Redacted] | [Redacted] | 36633278 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | Verification of employment was not provided. | Reviewer Comment (2026-06-09): Received VVOE within [redacted]days of Note date. Exception Cleared. Buyer Comment (2026-06-08): VOE |
06/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225684256 | [Redacted] | [Redacted] | 36654756 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | The verbal verification of employment is is not located in the file. | Reviewer Comment (2026-06-09): Received VVOE within [redacted]days of Note date. Exception Cleared. Buyer Comment (2026-06-08): voe submitted |
06/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225684256 | [Redacted] | [Redacted] | 36654786 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The verbal verification of employment is is not located in the file. | Reviewer Comment (2026-06-09): Received VVOE within [redacted]days of Note date. Exception Cleared. |
06/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225684256 | [Redacted] | [Redacted] | 36654798 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Waterfall due to verbal verification of employment is is not located in the file. | Reviewer Comment (2026-06-09): Received VVOE within [redacted]days of Note date. Exception Cleared. |
06/09/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225684256 | [Redacted] | [Redacted] | 36654799 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall due to verbal verification of employment is is not located in the file. | Reviewer Comment (2026-06-09): Received VVOE within [redacted]days of Note date. Exception Cleared. |
06/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225684256 | [Redacted] | [Redacted] | 36654800 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - QM Impact | General QM: There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Waterfall due to verbal verification of employment is is not located in the file. | Reviewer Comment (2026-06-09): Received VVOE within [redacted]days of Note date. Exception Cleared. |
06/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225684344 | [Redacted] | [Redacted] | 36634009 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal was provided. Secondary valuation from subject transaction is missing. . Sec ID: [redacted] | Reviewer Comment (2026-07-21): AVM provided |
07/21/2026 | No | 1 | D | A | A | A | D | A | N/A | A | D | A | CA | Investment | Refinance - Rate/Term | D | C | A | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||
| 225684344 | [Redacted] | [Redacted] | 36634022 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-03): Client elects to waive. |
06/03/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Rate/Term | D | C | A | A | A | A | D | C | N/A | Exempt from ATR | No | ||||||||||||
| 225684344 | [Redacted] | [Redacted] | 37037777 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM does not support the value used to qualify. Appraisal was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Loan is to be securitized. AVM does not support the value used to qualify. | Reviewer Comment (2026-07-28): Client elects to waive. |
07/28/2026 | No | 3 | C | A | C | N/A | C | CA | Investment | Refinance - Rate/Term | D | C | A | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||||||
| 225684344 | [Redacted] | [Redacted] | 37037778 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. A secondary AVM was provided with FSD > [redacted], and its value does not support the "Use for LTV" value. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | A secondary AVM was provided with FSD > [redacted], and its value does not support the "Use for LTV" value | Reviewer Comment (2026-07-28): Client elects to waive. Per client, per [redacted] Guidelines only require one valuation product. |
07/28/2026 | No | 3 | C | A | A | N/A | A | CA | Investment | Refinance - Rate/Term | D | C | A | A | A | A | D | C | N/A | Exempt from ATR | No | |||||||||||||||
| 225685965 | [Redacted] | [Redacted] | 36640062 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary Valuation not required. | Reviewer Comment (2026-06-04): Client elects to waive. |
06/04/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | MN | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225685965 | [Redacted] | [Redacted] | 36640064 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. AVM provided. No secondary valuation was provided. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Secondary Valuation not required. | Reviewer Comment (2026-06-04): Client elects to waive. |
06/04/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | MN | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225685965 | [Redacted] | [Redacted] | 36640065 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-04): Client elects to waive. |
06/04/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | MN | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225689990 | [Redacted] | [Redacted] | 36646072 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-08): Client elects to waive. |
06/08/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225689990 | [Redacted] | [Redacted] | 36649527 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The most recent bank statements in the file must be no more than [redacted] calendar days old as of the note date, based on the end date of the statement. | Reviewer Comment (2026-06-11): Provided most recent bank statement end date [redacted] is within [redacted]days. Exception cleared. Buyer Comment (2026-06-09): Please cancel. The bank statement end date is [redacted] to note date of [redacted] days. |
06/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225690461 | [Redacted] | [Redacted] | 36646389 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-05): per deal notes |
06/05/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225690461 | [Redacted] | [Redacted] | 36646390 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. One valuation was provided, with no CU or LCA. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-06-10): Client elects to waive. Buyer Comment (2026-06-09): please see AVM & PCI reports docs [redacted] |
06/10/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225690461 | [Redacted] | [Redacted] | 36646391 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-06-09): Client elects to waive. Buyer Comment (2026-06-09): please see AVM & PCI reports docs [redacted] |
06/09/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | CA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225694904 | [Redacted] | [Redacted] | 36657423 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-10): Client elects to waive. Buyer Comment (2026-06-09): Please waive |
06/10/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225694904 | [Redacted] | [Redacted] | 36657424 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. One valuation was provided, with no CU or LCA. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-06-10): Client elects to waive. Buyer Comment (2026-06-09): Please waive. Not required |
06/10/2026 | No | 1 | N/A | N/A | A | A | N/A | N/A | N/A | N/A | N/A | N/A | PA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225694904 | [Redacted] | [Redacted] | 36657425 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. No appraisal or hybrid interior appraisal was provided with an effective date between application date and note date. Sec ID: [redacted] | Note Date: ___; Lien Position: ___ | Reviewer Comment (2026-06-10): Client elects to waive. Buyer Comment (2026-06-09): Please waive. Not required |
06/10/2026 | No | 2 | A | A | A | A | A | A | N/A | N/A | B | B | PA | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225735153 | [Redacted] | [Redacted] | 36727561 | Compliance | TRID | Transaction Error | TRID | This loan was reviewed to a limited compliance scope. Some testing for TILA-RESPA Integrated Disclosure (TRID) compliance under the SFA TRID Grid is outside of the scope of review. This exception is for informational purposes only and does not impact grading. | Reviewer Comment (2026-06-23): Client elects to waive. |
06/23/2026 | No | 3 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| 225735153 | [Redacted] | [Redacted] | 36727573 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Minimum guideline requirement of [redacted] for a cash-out refinance up to [redacted]% LTV. | Reviewer Comment (2026-06-22): Consider as per guideline |
06/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225735153 | [Redacted] | [Redacted] | 36727574 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within [redacted] business days of the Note. | - | Verification(s) of employment is not within [redacted] business days of the Note. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-06-25): Client elects to waive with compensating factors. Reviewer Comment (2026-06-25): Received post-closing lender exception for post note VVOE. Buyer Comment (2026-06-23): Exception Reviewer Comment (2026-06-22): Post close dated [redacted] Verification of employment provided. Exception Remains Buyer Comment (2026-06-19): VVOE |
06/25/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||
| 225735153 | [Redacted] | [Redacted] | 36736096 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Mortgages for [redacted] and [redacted] were excluded without acceptable documentation. Both Notes provided show the borrower and cancelled checks from a third party were not provided. | Reviewer Comment (2026-06-22): Pay history provided for [redacted]. Mortgage payments are paid by [redacted], Both Payment have been omitted from the DTI ratio. Exception cleared Buyer Comment (2026-06-19): See upload |
06/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225735153 | [Redacted] | [Redacted] | 36736097 | Credit | Guideline | Guideline Issue | Guideline | Loan does not meet guideline requirements regarding DTI variance. | Mortgages for [redacted] [redacted] Avenue and [redacted] were excluded without acceptable documentation. Both Notes provided show the borrower and cancelled checks from a third party were not provided. | Reviewer Comment (2026-06-22): Pay history provided for [redacted]. Mortgage payments are paid by [redacted], Both Payment have been omitted from the DTI ratio. Exception cleared Buyer Comment (2026-06-19): See pay history upload. [redacted] on statement with [redacted] is our borrower's dad. Buyer Comment (2026-06-19): See pay history upload. Paid by [redacted] on statement with [redacted] is our borrower's dad. |
06/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| 225735153 | [Redacted] | [Redacted] | 36736098 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing verification of the full PITIA for this property. | Reviewer Comment (2026-06-22): Pay history provided for [redacted]. Mortgage payments are paid by [redacted], Both Payment have been omitted from the DTI ratio. Exception cleared Buyer Comment (2026-06-19): See upload. Not applicable |
06/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225735153 | [Redacted] | [Redacted] | 36736099 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk. | Loan fails Safe Harbor QM (APOR) testing due to excessive ratios. | Reviewer Comment (2026-06-22): Pay history provided for [redacted]. Mortgage payments are paid by [redacted], Both Payment have been omitted from the DTI ratio. Exception cleared Buyer Comment (2026-06-19): See upload. Not applicable |
06/22/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| 225735153 | [Redacted] | [Redacted] | 36736100 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Investor and QM DTIs match and both significantly exceed Guidelines | General QM: The DTI calculated in accordance with the Lenders Guidelines and [redacted].[redacted](e) of [redacted][redacted]% significantly exceeds the guideline maximum of [redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | Mortgages for [redacted] [redacted] Avenue and [redacted] S [redacted] were excluded without acceptable documentation. Both Notes provided show the borrower and cancelled checks from a third party were not provided. | Reviewer Comment (2026-06-22): Pay history provided for [redacted]. Mortgage payments are paid by [redacted], Both Payment have been omitted from the DTI ratio. Exception cleared Buyer Comment (2026-06-19): See upload. Not applicable |
06/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225735153 | [Redacted] | [Redacted] | 36736101 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall exception due to excessive ratios. | Reviewer Comment (2026-06-22): Pay history provided for [redacted]. Mortgage payments are paid by [redacted], Both Payment have been omitted from the DTI ratio. Exception cleared Buyer Comment (2026-06-19): See upload. Not applicable |
06/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| 225735153 | [Redacted] | [Redacted] | 36823892 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Received post closing lender exception for credit score of [redacted] as credit score minimum is [redacted]. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. |
Borrower has been employed in the same industry for more than [redacted] years. DTI: [redacted]% Guideline Maximum DTI: [redacted]% |
Aggregator,SitusAMC SitusAMC SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-06-25): Client elects to waive with compensating factors. |
06/25/2026 | Yes | 2 | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No |