Exhibit 99.5

 

Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8298151    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the adjusted value for LTV within 10%.

      2    2    1    1    1    1    2    2    B    B    A    A    B    B    A    A    B    B    A    A    B    B    A    A    B    B    A    A    B    B    A    A    B    B    A    A    B    B    A    A
XXXX    8298261    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The AVM did support the value within a 10% variance.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8297850    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The AVM did support the value within a 10% variance.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8297846    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8297891    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The AVM did support the value within a 10% variance.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8297847    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8298337    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The AVM did support the value within a 10% variance.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8297853    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8298455    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The AVM did support the value within a 10% variance.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8297865    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The AVM did support the value within a 10% variance.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8298063    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The AVM did support the value within a 10% variance.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8297886    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The AVM did support the value within a 10% variance.

      1    1    1    1       1    1    1    A    A    A    A    A    A       A    A    A    A    A    A    A       A    A    A    A    A    A    A       A    A    A    A    A    A    A       A
XXXX    8297991    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The AVM did support the value within a 10% variance.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8297845    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO provided did not support the original value within a 10% variance. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8297855    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The AVM did support the value within a 10% variance.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8298010    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO provided did not support the original value within a 10% variance. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8297844    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8298279    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8297852    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the adjusted value for LTV within 10%.

      2    2    1    1    1    1    2    2    B    B    A    A    B    B    A    A    B    B    A    A    B    B    A    A    B    B    A    A    B    B    A    A    B    B    A    A    B    B    A    A
XXXX    8298364    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8297864    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The AVM did support the value within a 10% variance.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8297894    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The AVM did support the value within a 10% variance.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8297982    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8297966    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The AVM did support the value within a 10% variance.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8298281    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO provided did not support the original value within a 10% variance. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8331316    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331244    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331147    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331103    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331229    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331392    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331380    XXXX    XXXX    XXXX         

(Open) HOC — Inaccurate-

The Homeownership Counseling Disclosure (HOC) does not list the XXXX closest agencies available in the applicant’s location. Per Regulation, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant’s location.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      2    2    1    1    2    2    1    1    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B
XXXX    8331205    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)

The BPO provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8331238    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331001    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) DTI — Exceeds Guidelines-

The income data was delivered as $XXXX. The loan file reflects income of $XXXX. The DTI of XXXX% exceeds the guidelines.

Response 1 (XX/XX/XXXX XX:XXAM)

The income is supported. Documentation is sufficient. (Resolved)

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    1    3    1    1    1    1    1    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A
XXXX    8331282    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)

The BPO provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331071    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331073    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331296    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331157    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331166    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331212    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331050    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331065    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331236    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331156    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331006    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331074    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331290    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331123    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331170    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331204    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331364    XXXX    XXXX    XXXX         

(Open) Security Instrument — Name Discrepancy-

The Vested Interest on page XXXX and the Entity Name on page XXXX of the Security Instrument is not accurate. The Vested Interest/Entity on the current Deed of Trust reflects XXXX XXXX; however, the correct Vested Interest/Entity Name is XXXX XXXX.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    3    1    1    3    3    1    1    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C
XXXX    8331271    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331022    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331265    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331143    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331084    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331144    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330941    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331115    XXXX    XXXX    XXXX         

(Clear) State Disclosure — XXXX Consumer Disclosure (XXXX-Day Letter)/Missing-

The XXXX Consumer Disclosure (XXXX-Day Letter) is Missing. Required to be provided in connection with a XXXX. XXXX Constitution — Home Equity Loan Provisions XXXX. Const. art. XVI, ‘‘‘50(a)(6)(M)(i), 50(g); XXXX XXXX. Admin. Code” XXXX, XXXX

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    1    1    1    3    1    1    1    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A
XXXX    8331362    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331092    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331005    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331283    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331318    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8331135    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331053    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330937    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.

Response 1 (XX/XX/XXXX XX:XXAM)

The AVM did not support the origination value within a 10% variance, the AVM resulted in a no hit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The second AVM provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8330979    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331025    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331210    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331098    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331194    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331000    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330995    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331231    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330964    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331328    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331121    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331320    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331062    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331363    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331254    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330981    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331063    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331179    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331268    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331117    XXXX    XXXX    XXXX         

(Clear) Security Instrument — Non-Borrowing Spouse/Missing-

The Security Instrument was not executed by the non-borrower. The borrower is married. In XXXX, the spouse is required to sign.

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    1    1    1    3    1    1    1    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A
XXXX    8331202    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331260    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331354    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331116    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8330970    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331398    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331289    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331113    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330973    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)

The BPO provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8331196    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8330968    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331131    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331358    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331057    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331140    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330999    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331214    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331076    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331294    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8330952    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331293    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330944    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331221    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331346    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331130    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331300    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331258    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331055    XXXX    XXXX    XXXX         

(Open) Security Instrument — Incomplete-

The Condo Rider is missing the name of the condominium project.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    3    1    1    3    3    1    1    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331139    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331106    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331351    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331251    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331105    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331091    XXXX    XXXX    XXXX         

(Clear) Security Instrument — Name Discrepancy-

The loan file does not include documentation confirming the vested interest on the XXXX or the Borrower’s ownership of the subject property.

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

(Open) Security Instrument — Missing Rider/Addendum-

The following referenced Rider is missing: XXXX-XXXX Family Rider.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    3    1    1    3    3    1    1    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C
XXXX    8331264    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331306    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331138    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8330946    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)

The BPO provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331310    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331155    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331034    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8330993    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331165    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331223    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331336    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331114    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331373    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331347    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331284    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331162    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331376    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331004    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331301    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331167    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331278    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8330977    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331019    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331257    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331060    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330943    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331061    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331104    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331237    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331141    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331180    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8330974    XXXX    XXXX    XXXX         

(Open) Rescission Test-

The loan closed on XX/XX/XXXX, the rescission end date was XX/XX/XXXX and the loan funded on XX/XX/XXXX.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO provided did support the origination value within 10%. (Resolved)

      3    3    1    1    3    3    3    2    C    C    A    A    C    B    C    C    C    C    A    A    C    B    C    C    C    C    A    A    C    B    C    C    C    C    A    A    C    B    C    C
XXXX    8331218    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331395    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)

The BPO provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8331150    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331048    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331357    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331337    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331028    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331014    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331175    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330960    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331361    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331379    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331039    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331185    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331200    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331288    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8330984    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331297    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331323    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331207    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331286    XXXX    XXXX    XXXX         

(Open) HOC — Inaccurate-

The Homeownership Counseling Disclosure (HOC) does not list the XXXX closest agencies available in the applicant’s location. Per Regulation, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant’s location.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      2    2    1    1    2    2    1    1    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B
XXXX    8331344    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330982    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331086    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331124    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331327    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331119    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331077    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331222    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331040    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331090    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331109    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331146    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331089    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331304    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331263    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331161    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330985    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331199    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331082    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331070    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331228    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331360    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331335    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331107    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331384    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331078    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330936    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331046    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331137    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331329    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331148    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331186    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331340    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331219    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330994    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331387    XXXX    XXXX    XXXX         

(Open) HOC — Inaccurate-

The Homeownership Counseling Disclosure (HOC) does not list the XXXX closest agencies available in the applicant’s location. Per Regulation, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant’s location.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      2    2    1    1    2    2    1    1    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B
XXXX    8330959    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331391    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331149    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331152    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331390    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331195    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331058    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8331016    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331305    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331096    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331311    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331168    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331080    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331182    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331235    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331201    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331365    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330958    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331030    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331353    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331112    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331008    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8330947    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330992    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331313    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331355    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331173    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331275    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331045    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331020    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331081    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331274    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331054    XXXX    XXXX    XXXX         

(Clear) Security Instrument — Missing Signature-

The Security Instrument was not fully executed by all required parties. The title vesting/deed indicates the borrower owns the subject property jointly; however, the additional owner did not sign the mortgage. A Transfer Deed was not found in the loan file.

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

Response 2 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    1    1    1    3    1    1    1    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A
XXXX    8330938    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331386    XXXX    XXXX    XXXX         

(Open) HOC — Inaccurate-

The Homeownership Counseling Disclosure (HOC) does not list the XXXX closest agencies available in the applicant’s location. Per Regulation, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant’s location.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      2    2    1    1    2    2    1    1    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B
XXXX    8330951    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331250    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331356    XXXX    XXXX    XXXX         

(Open) Security Instrument — Name Discrepancy-

The borrower name listed on the Security Instrument does not match the name shown on the Trust Certificate. Specifically, the Mortgage identifies the borrower as “The XXXX,” while the Trust Certificate reflects the trust name as “ XXXX “

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    3    1    1    3    3    1    1    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C
XXXX    8331394    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331012    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331246    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.

Response 1 (XX/XX/XXXX XX:XXAM)

The AVM did not support the origination value within a 10% variance, the AVM resulted in a no hit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO did support the origination value within a 10% variance (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8330956    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331049    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331276    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331079    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331176    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331064    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331262    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331388    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331209    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331217    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330989    XXXX    XXXX    XXXX         

(Open) Security Instrument — Incomplete-

The Condo Rider is missing the name of the condominium project.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO provided did support the origination value within 10%. (Resolved)

      3    3    1    1    3    3    3    2    C    C    A    A    C    B    C    C    C    C    A    A    C    B    C    C    C    C    A    A    C    B    C    C    C    C    A    A    C    B    C    C
XXXX    8331191    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331374    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331068    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331226    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331259    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330940    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331224    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330955    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331234    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331227    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330961    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331128    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The AVM did not support the origination value within a 10% variance, the AVM resulted in a no hit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO did not support the origination value within a 10% variance. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8331375    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331314    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330988    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8330975    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331024    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331134    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331056    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331002    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331256    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331342    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331309    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330980    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331279    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331127    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331066    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331122    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331158    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331247    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331174    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331047    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331308    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331095    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331192    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331377    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331277    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331136    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331038    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331160    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331295    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331339    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8330991    XXXX    XXXX    XXXX         

(Open) HOC — Inaccurate-

The Homeownership Counseling Disclosure (HOC) does not list the XXXX closest agencies available in the applicant’s location. Per Regulation, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant’s location. Real Estate Settlement Procedures Act (Regulation X)12 CFR XXXX

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      2    2    1    1    2    2    1    1    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B
XXXX    8331111    XXXX    XXXX    XXXX         

(Open) Security Instrument — Incomplete-

The PUD Rider is missing the name of the PUD project.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    3    1    1    3    3    1    1    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C
XXXX    8331125    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331031    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331319    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331108    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331302    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330963    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331269    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331281    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331085    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331232    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331021    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331177    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331241    XXXX    XXXX    XXXX         

(Clear) Security Instrument — Name Discrepancy-

Vested owner is not listed on Security Instrument. The vested owner, XXXX, is reported to be deceased; however, no documentation or supporting information was provided in the loan file to verify or confirm the deceased status.

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    1    1    1    3    1    1    1    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A
XXXX    8331032    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331369    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331132    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331299    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331011    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331033    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331248    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331350    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331145    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330978    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331393    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331385    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331243    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331370    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331159    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331317    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331043    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330953    XXXX    XXXX    XXXX         

(Clear) Security Instrument — Name Discrepancy-

According to the most recent record (XXXX AVM) from XXXX, XXXX is no longer listed as an owner of record.

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    1    1    1    3    1    1    1    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A
XXXX    8331273    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330957    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331151    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331013    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)

The BPO provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8331026    XXXX    XXXX    XXXX         

(Open) Security Instrument — Incomplete-

The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The name of the PUD development is not reflected on the Planned Unit Development Rider.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    3    1    1    3    3    1    1    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C
XXXX    8331097    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331397    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331102    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331184    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331245    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331321    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331120    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331330    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331341    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331018    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330966    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331213    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331178    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331216    XXXX    XXXX    XXXX         

(Clear) Security Instrument — Name Discrepancy-

The loan file provides documentation stating XXXX is current vested owner of subject property. XXXX is not listed on Security Instrument.

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    1    1    1    3    1    1    1    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A
XXXX    8330972    XXXX    XXXX    XXXX         

(Clear) Security Instrument — Name Discrepancy-

The loan file does not include documentation confirming the vested interest on the security instrument or the borrower’s ownership of the subject property.

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    1    1    1    3    1    1    1    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A
XXXX    8331010    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331239    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.

Response 1 (XX/XX/XXXX XX:XXAM)

The AVM did not support the origination value within a 10% variance, the AVM resulted in a no hit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)

The BPO did not support the origination value within a 10% variance. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8331326    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331007    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331203    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331381    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331075    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331382    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331325    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331169    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8330987    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331153    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331197    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)

The BPO provided did not support the origination value within 10%. (Upheld

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8331345    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331220    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331285    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331187    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331331    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331042    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331366    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331267    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331307    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331094    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331181    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330967    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330990    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331087    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331188    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8330971    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331037    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331270    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331072    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330962    XXXX    XXXX    XXXX         

(Open) Security Instrument — Missing Rider/Addendum-

The following referenced Rider is missing: XXXX-XXXX Rider. Property is a XXXX.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.

Response 1 (XX/XX/XXXX XX:XXAM)

The AVM did not support the origination value within a 10% variance, the AVM resulted in a no hit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO did support the origination value within a 10% variance. (Resolved)

      3    3    1    1    3    3    3    2    C    C    A    A    C    B    C    C    C    C    A    A    C    B    C    C    C    C    A    A    C    B    C    C    C    C    A    A    C    B    C    C
XXXX    8331315    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331324    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331348    XXXX    XXXX    XXXX         

(Open) Security Instrument — Missing Rider/Addendum-

The XXXX-XXXX is missing. Please provide the executed rider and a revised mortgage document, which includes the necessary corrections on page XXXX. The borrower is required to initial the changes made.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    3    1    1    3    3    1    1    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C
XXXX    8331253    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331371    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331183    XXXX    XXXX    XXXX         

(Open) Security Instrument — Name Discrepancy-

According to the most recent record (XXXX AVM) from XXXX, XXXX is no longer listed as an owner of record.

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is not sufficient to clear the finding. The Warranty Deed and Certificate of Death have been provided and acceptable; however, the borrowers name on the Mortgage is not spelled correctly, it discloses XXXX instead of XXXX. (XXXX)

(Open) Note — Incomplete / Inaccurate-

Additional Finding: XX/XX/XXXX. The following section(s) of the Note is incomplete/inaccurate : The name of the borrower is disclosed as XXXX and should be XXXX.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    3    1    1    3    3    1    1    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C
XXXX    8331372    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331349    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330942    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331023    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331193    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331389    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331287    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8330969    XXXX    XXXX    XXXX         

(Open) Security Instrument — Non-Borrowing Spouse/Missing-

According to the new mortgage XXXX is married and according to the prior quitclaim deed dated XXXX/XXXX the property was obtained during the marriage. According to XXXX requirements, the spouse must join in the mortgage. The person joined on the new mortgage (XXXX) is listed as an unmarried person.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    3    1    1    3    3    1    1    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331368    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330986    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330997    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331198    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331027    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331298    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331009    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331242    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331044    XXXX    XXXX    XXXX         

(Clear) Security Instrument — Name Discrepancy-

The vested interest on the Security Instrument could not be verified as accurate. The loan file did not contain documentation to support the accuracy of vested interest and execution of the Security Agreement.

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    1    1    1    3    1    1    1    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331206    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331396    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The AVM did not support the origination value within a 10% variance, the AVM resulted in a no hit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO did support the origination value within a 10% variance (Resolved).

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331233    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331059    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8330935    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331015    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The AVM did not support the origination value within a 10% variance, the AVM resulted in a no hit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)

The BPO did not support the origination value within a 10% variance.(Upheld)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8331069    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331099    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331334    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331378    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330950    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXAM)

The BPO provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8331343    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331252    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331332    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331367    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331036    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331292    XXXX    XXXX    XXXX         

(Clear) Security Instrument — Name Discrepancy-

The loan file does not include documentation confirming the vested interest on the Security Instrument or the Borrower’s ownership of the subject property.

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    3    1    3    2    C    B    A    A    C    B    C    A    C    B    A    A    C    B    C    A    C    B    A    A    C    B    C    A    C    B    A    A    C    B    C    A
XXXX    8331359    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331101    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331215    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331110    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331312    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331154    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331164    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331067    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330945    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330976    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331100    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331118    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331261    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331041    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331133    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330996    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331142    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331272    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331208    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331352    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331093    XXXX    XXXX    XXXX         

(Open) Security Instrument — Name Discrepancy-

The Vested Interest on the Security Instrument cannot be verified as accurate. The vesting on the subject mortgage reflects the borrower with sole ownership; however, the Clear Property Report and Title vesting reflects vesting is in the XXXX. A Transfer Deed was not found in the loan file.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    3    1    1    3    3    1    1    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C
XXXX    8331230    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330949    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331003    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331088    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331051    XXXX    XXXX    XXXX         

(Open) Note — Address Discrepancy-

The property address on the Note is missing the name of the city.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    3    1    1    3    3    1    1    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C
XXXX    8330954    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331035    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8330983    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8330998    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331052    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331280    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331240    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331399    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331129    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331225    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331322    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8331291    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.

Response 1 (XX/XX/XXXX XX:XXAM)

The AVM did not support the origination value within a 10% variance, the AVM resulted in a no hit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The BPO did support the origination value within a 10% variance (Resolved).

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8331172    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331189    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331333    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8331255    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344312    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8344334    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344398    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344435    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344329    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344379    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344417    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344420    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344331    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344432    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344424    XXXX    XXXX    XXXX         

(Open) HOC — Inaccurate-

The Homeownership Counseling Disclosure (HOC) does not list the XXXX closest agencies available in the applicant’s location. Per Regulation, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant’s location.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      2    2    1    1    2    2    1    1    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B
XXXX    8344348    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344457    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344374    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344474    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344258    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344364    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344426    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.

Response 1 (XX/XX/XXXX XX:XXAM)

The AVM did not support the origination value within a 10% variance, the AVM resulted in a no hit. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8344439    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344458    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344321    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344423    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344468    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344306    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344416    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344475    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344313    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344287    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8344303    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344404    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344469    XXXX    XXXX    XXXX         

(Open) Rescission Test-

The loan closed on XX/XX/XXXX, the rescission end date was XX/XX/XXXX and the loan funded on XX/XX/XXXX.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    3    1    1    3    3    1    1    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344472    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344436    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344273    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344372    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344343    XXXX    XXXX    XXXX         

(Clear) Security Instrument — Name Discrepancy-

The Vested Interest on the Security Instrument cannot be verified as accurate. The clear property report does not reflect the borrower as owner and a transfer deed was not found in the loan file.

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    1    1    1    3    1    1    1    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A
XXXX    8344371    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344452    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344443    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The AVM did not support the origination value within a 10% variance, the AVM resulted in a no hit. (XXXX)

Response 2 (XX/XX/XXXX XX:XXPM)

The second AVM provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8344394    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344442    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344301    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344315    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344429    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344362    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344418    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8344337    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344389    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344470    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344283    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344269    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344278    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344317    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344448    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344405    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344388    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344347    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344395    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344413    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344308    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344351    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344261    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344445    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344289    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344327    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344381    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344310    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344265    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344471    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344268    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344461    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344338    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344375    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344277    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344335    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344434    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344380    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344336    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344257    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344271    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344285    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8344332    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344370    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344275    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344325    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344382    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344349    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344393    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344296    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344323    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344288    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344300    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8344292    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344399    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344290    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344361    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344455    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8344463    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344264    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344365    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8344326    XXXX    XXXX    XXXX         

(Clear) Security Instrument — Name Discrepancy-

The loan file does not include documentation confirming the vested interest on the Security Instrument or the Borrower’s ownership of the subject property.

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    1    1    1    3    1    1    1    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A
XXXX    8344270    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344299    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) Income — Missing Income Documents-

The income data was delivered as $XXXX. The loan file contains a paystub from XXXX that can not be considered. Please provide current paystubs. There is no way to determine if the borrowers meet the DTI requirements.

Response 1 (XX/XX/XXXX XX:XXAM)

The income is supported. Documentation is sufficient. (Resolved)

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    3    1    1    1    3    2    C    B    C    A    C    B    A    A    C    B    C    A    C    B    A    A    C    B    C    A    C    B    A    A    C    B    C    A    C    B    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344298    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344355    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344383    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344459    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344342    XXXX    XXXX    XXXX         

(Open) State Testing — XXXX Cost & Antipredatory Lending/Points and Fees-

The loan failed the XXXX points and fees test. The loan requires the borrower(s) to pay, in addition to interest and any bona fide discount points used to buy down the interest rate, fees to any person that are necessary to originate, evaluate, maintain, record, insure, or service the extension of credit that exceed XXXX% of the original principal amount [excluding fees for (i) an appraisal performed by third party appraiser; (ii) property survey performed by state registered/licensed surveyor; (iii) a state base premium for a mortgagee policy of title insurance with endorsements established in accordance with state law; and (iv) a title examination report if its cost is less than the state base premium for a mortgagee policy of title insurance without endorsements established in accordance with state law. The loan fees were $XXXX of the $XXXX loan amount, which exceeded XXXX% of the original principle balance. The following fees were included in the points and fees calculation: Loan Origination Fee $XXXX and Recording Fee $XXXX.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    3    1    1    3    3    1    1    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C    C    C    A    A    A    A    C    C
XXXX    8344274    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344377    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344444    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344412    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344346    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344376    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344369    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344410    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344415    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344345    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344367    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344363    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344406    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344254    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344391    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344294    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344353    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344281    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344431    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344451    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344260    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344386    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344422    XXXX    XXXX    XXXX         

(Open) HOC — Inaccurate-

The Homeownership Counseling Disclosure (HOC) does not list the XXXX closest agencies available in the applicant’s location. Per Regulation, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant’s location.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      2    2    1    1    2    2    1    1    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B
XXXX    8344333    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344421    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344340    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344414    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344304    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344302    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344256    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344266    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344387    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344252    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344401    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344378    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344456    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344408    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344402    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344397    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344293    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344447    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344464    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344253    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344390    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344476    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344328    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344453    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344322    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344384    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344255    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344409    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344407    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344279    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344356    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344282    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344358    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344430    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344305    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344267    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344324    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344385    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344360    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344314    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344428    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8344366    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344373    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344284    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344316    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344262    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344454    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344354    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344419    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344263    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344311    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344339    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344425    XXXX    XXXX    XXXX         

(Open) HOC — Inaccurate-

The Homeownership Counseling Disclosure (HOC) does not list the XXXX closest agencies available in the applicant’s location. Per Regulation, the lender must provide the loan applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant’s location.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      2    2    1    1    2    2    1    1    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B    B    B    A    A    A    A    B    B
XXXX    8344465    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344450    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344357    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344341    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344286    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344359    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8344297    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344276    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344320    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344307    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344396    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344295    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344449    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344446    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344462    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344318    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344403    XXXX    XXXX    XXXX         

(Clear) Security Instrument — Name Discrepancy-

The Vested Interest on the Security Instrument could not be verified as accurate due to missing documentation showing prior Vested Interest.

Response 1 (XX/XX/XXXX XX:XXAM)

The documentation provided is sufficient to clear the finding. (Resolved)

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      3    1    1    1    3    1    1    1    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A    C    A    A    A    A    A    C    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344330    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344259    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344467    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344433    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344350    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8344438    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344392    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344466    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344411    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A

 


Loan Number

  

Loan ID

  

Last Name

  

Note Date

  

Original Loan
Amount

  

QM Status

  

ATR Status

  

Compliance
Exceptions

  

Credit
Exceptions

  

Property
Valuation
Exceptions

  

Compensating Factors

   Initial Rating    Final Rating    Initial Credit
Rating
   Final Credit
Rating
   Initial
Compliance
Rating
   Final Compliance
Rating
   Initial Property
Valuation
Rating
   Final Property
Valuation
Rating
   Initial Overall
Loan Grade
(DBRS
Morningstar)
   Final Overall
Loan Grade
(DBRS
Morningstar)
   Initial Credit
Grade
(DBRS
Morningstar)
   Final Credit
Grade
(DBRS
Morningstar)
   Initial Property
Valuation Grade
(DBRS
Morningstar)
   Final Property
Valuation Grade
(DBRS
Morningstar)
   Initial
Compliance Grade
(DBRS
Morningstar)
   Final Compliance
Grade (DBRS
Morningstar)
   Initial Overall
Loan Grade
(KBRA)
   Final Overall
Loan Grade
(KBRA)
   Initial Credit
Grade
(KBRA)
   Final Credit
Grade
(KBRA)
   Initial Property
Valuation
Grade (KBRA)
   Final Property
Valuation
Grade
(KBRA)
   Initial
Compliance
Grade
(KBRA)
   Final Compliance
Grade (KBRA)
   Initial Overall
Loan Grade
(S&P)
   Final Overall
Loan Grade
(S&P)
   Initial Credit
Grade (S&P)
   Final Credit
Grade
(S&P)
   Initial Property
Valuation
Grade (S&P)
   Final Property
Valuation
Grade (S&P)
   Initial
Compliance
Grade
(S&P)
   Final Compliance
Grade (S&P)
   Initial Overall
Grade
(Moody’s)
   Final Overall
Grade
(Moody’s)
   Initial Credit
Grade
(Moody’s)
   Final Credit
Grade
(Moody’s)
   Initial Property
Valuation
Grade
(Moody’s)
   Final Property
Valuation
Grade
(Moody’s)
   Initial
Compliance
Grade
(Moody’s)
   Final Compliance
Grade (Moody’s)
XXXX    8344280    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Open) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

      3    3    1    1    1    1    3    3    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A    C    C    A    A
XXXX    8344352    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344272    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is supported within 10% of original appraisal amount-

The secondary valuation product supported the original appraised value within 10%.

      1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A
XXXX    8344319    XXXX    XXXX    XXXX         

(Clear) No Compliance Findings-

The loan is in compliance with all applicable laws and regulations.

  

(Clear) No Credit Finding-

The loan meets all applicable credit guidelines.

  

(Clear) Appraisal — Value is not supported within a 10% variance-

The AVM did not support the origination value within a 10% variance, the AVM resulted in a No Hit.

Response 1 (XX/XX/XXXX XX:XXAM)

The second AVM provided did not support the origination value within 10%. (XXXX)

Buyer Comment 1 (XX/XX/XXXX XX:XXPM)

2nd AVM provided

Response 2 (XX/XX/XXXX XX:XXPM)

The second AVM provided did support the origination value within 10%. (Resolved)

      3    2    1    1    1    1    3    2    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A    C    B    A    A
XXXX    8344344    XXXX    XXXX    XXXX          (Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations.    (Clear) No Credit Finding- The loan meets all applicable credit guidelines.    (Clear) Appraisal — Value is supported within 10% of original appraisal amount- The secondary valuation product supported the original appraised value within 10%.       1    1    1    1    1    1    1    1    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A    A