Exhibit 99.04 - Schedule 4
| Loan ID | Redaction ID | Investor Loan ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| XXXX | 2138676 | XXXX | D | B | C | B | D | A | A | A | Closed | FCRE1506 | 2026-01-20 13:48 | 2026-02-06 13:03 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-DTI finding was waived. - Due Diligence Vendor-02/06/2026 Ready for Review-Document Uploaded. Exception was granted to allow a higher DTI. Please clear finding. - Seller-02/06/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. DTI Exceeds maximum - Due Diligence Vendor-01/20/2026 |
Ready for Review-Document Uploaded. Exception was granted to allow a higher DTI. Please clear finding. - Seller-02/06/2026 |
Resolved-DTI finding was waived. - Due Diligence Vendor-02/06/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 759 Required is 680 Borrower has 759 LTV is less than guideline maximum - Required is 80 Borrower has 74.98 Required is 80 Borrower has 74.98 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7184937 | |
| XXXX | 2138676 | XXXX | D | B | C | B | D | A | A | A | Closed | FCRE1193 | 2026-01-20 13:46 | 2026-02-06 13:00 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Waived-Originator exception granted to allow 51.18% DTI exceeding guideline DTI of 50%. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-02/06/2026 Ready for Review-Document Uploaded. Exception was granted to allow a higher DTI. Please clear finding. - Seller-02/06/2026 Open-Audited DTI of 51.18% exceeds Guideline DTI of 50% DTI Exceeds 50% - borrower does not meet the requirements for expanded DTI to 55% - Due Diligence Vendor-01/20/2026 |
Ready for Review-Document Uploaded. Exception was granted to allow a higher DTI. Please clear finding. - Seller-02/06/2026 |
Waived-Originator exception granted to allow 51.18% DTI exceeding guideline DTI of 50%. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-02/06/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 759 Required is 680 Borrower has 759 LTV is less than guideline maximum - Required is 80 Borrower has 74.98 Required is 80 Borrower has 74.98 |
6 months reserves 759 FICO 4.33 years at present address |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 7184908 |
| XXXX | 2138676 | XXXX | D | B | C | B | D | A | A | A | Closed | FCRE8013 | 2026-01-20 13:47 | 2026-01-29 15:09 | Resolved | 1 - Information | C | A | Credit | Eligibility | Purchase Contract Issue | Resolved-Received contract addendum showing the higher contributions - Due Diligence Vendor-01/29/2026 Ready for Review-Document Uploaded. Addendum for the seller's contribution of $15,500.00 provided. Please clear finding. - Seller-01/27/2026 Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Per the contract $7,500 in contributions were shown. The final CD shows $15,500 in contributions. A contract addendum showing the higher contributions is required. - Due Diligence Vendor-01/20/2026 |
Ready for Review-Document Uploaded. Addendum for the seller's contribution of $15,500.00 provided. Please clear finding. - Seller-01/27/2026 |
Resolved-Received contract addendum showing the higher contributions - Due Diligence Vendor-01/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 759 Required is 680 Borrower has 759 LTV is less than guideline maximum - Required is 80 Borrower has 74.98 Required is 80 Borrower has 74.98 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7184928 | |
| XXXX | 2138676 | XXXX | D | B | C | B | D | A | A | A | Closed | FCOM9998 | 2026-01-13 13:17 | 2026-01-29 10:41 | Resolved | 1 - Information | C | A | Compliance | TRID | Closing Disclosure Issue | Resolved-----Received explanation for different dates. Finding Resolved. - Due Diligence Vendor-01/29/2026 Ready for Review-Loan documents were originally executed on XXXX and the loan funded. It was noticed after the co-borrower's last name was misspelled, Escrow approved proceeding since the signatures were correct. The documents were re-executed to show the correct spelling of the co-borrower's last name. Please clear finding. - Seller-01/27/2026 Open-Please provide clarification of the exact closing date of loan. Documents reflect both XXXX and XXXX for closing dates. Additional findings may apply. - Due Diligence Vendor-01/13/2026 |
Ready for Review-Loan documents were originally executed on XXXX and the loan funded. It was noticed after the co-borrower's last name was misspelled, Escrow approved proceeding since the signatures were correct. The documents were re-executed to show the correct spelling of the co-borrower's last name. Please clear finding. - Seller-01/27/2026 |
Resolved-----Received explanation for different dates. Finding Resolved. - Due Diligence Vendor-01/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 759 Required is 680 Borrower has 759 LTV is less than guideline maximum - Required is 80 Borrower has 74.98 Required is 80 Borrower has 74.98 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7069863 | ||
| XXXX | 2138676 | XXXX | D | B | C | B | D | A | A | A | Closed | finding-3617 | 2026-01-13 11:28 | 2026-01-29 10:38 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID Initial Closing Disclosure Date and Funding Date Validation Test | Resolved-----Received explanation for different dates. Finding Resolved. - Due Diligence Vendor-01/29/2026 Ready for Review-Loan documents were originally executed on XXXX and the loan funded. It was noticed after the co-borrower's last name was misspelled, Escrow approved proceeding since the signatures were correct. The documents were re-executed to show the correct spelling of the co-borrower's last name. Please clear finding. - Seller-01/27/2026 Open-This loan failed the TRID closing disclosure date and funding date validation test.This loan contains a closing disclosure receipt date (or closing disclosure delivery date if receipt date was not provided) that is after the funding date. Please review the loan data to ensure the dates are in the correct fields. ----- Final CD shows disbursement date of XXXX, but closing date is XXXX. Provide evidence the loan did not disburse prior to closing. - Due Diligence Vendor-01/13/2026 |
Ready for Review-Loan documents were originally executed on XXXX and the loan funded. It was noticed after the co-borrower's last name was misspelled, Escrow approved proceeding since the signatures were correct. The documents were re-executed to show the correct spelling of the co-borrower's last name. Please clear finding. - Seller-01/27/2026 |
Resolved-----Received explanation for different dates. Finding Resolved. - Due Diligence Vendor-01/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 759 Required is 680 Borrower has 759 LTV is less than guideline maximum - Required is 80 Borrower has 74.98 Required is 80 Borrower has 74.98 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7065315 | ||
| XXXX | 2138676 | XXXX | D | B | C | B | D | A | A | A | Closed | FCRE1510 | 2026-01-13 13:20 | 2026-01-29 10:28 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received DOT with explanation the DOT was re-executed on XXXX due to the co-borrower's last name being missed spelled. - Due Diligence Vendor-01/26/2026 Ready for Review-Document Uploaded. The DOT was re-executed on XXXX due to the co-borrower's last name being missed spelled. Please clear finding. - Seller-01/23/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. 2 notes in file one signed on XXXX, one signed on XXXX. - Due Diligence Vendor-01/13/2026 |
Ready for Review-Document Uploaded. The DOT was re-executed on XXXX due to the co-borrower's last name being missed spelled. Please clear finding. - Seller-01/23/2026 |
Resolved-Received DOT with explanation the DOT was re-executed on XXXX due to the co-borrower's last name being missed spelled. - Due Diligence Vendor-01/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 759 Required is 680 Borrower has 759 LTV is less than guideline maximum - Required is 80 Borrower has 74.98 Required is 80 Borrower has 74.98 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7069989 | |
| XXXX | 2138676 | XXXX | D | B | C | B | D | A | A | A | Closed | FCRE1509 | 2026-01-13 13:10 | 2026-01-29 10:27 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Note Document | Resolved-Received Note with explanation Note was re-signed on XXXX due to the co-borrower's last name being spelled incorrectly. - Due Diligence Vendor-01/26/2026 Ready for Review-Document Uploaded. Note was re-signed on XXXX due to the co-borrower's last name being spelled incorrectly. Please clear finding. - Seller-01/23/2026 Open-There are Issues Present on the Note that must be addressed. 2 notes in file one signed on XXXX, one signed on XXXX. - Due Diligence Vendor-01/13/2026 |
Ready for Review-Document Uploaded. Note was re-signed on XXXX due to the co-borrower's last name being spelled incorrectly. Please clear finding. - Seller-01/23/2026 |
Resolved-Received Note with explanation Note was re-signed on XXXX due to the co-borrower's last name being spelled incorrectly. - Due Diligence Vendor-01/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 759 Required is 680 Borrower has 759 LTV is less than guideline maximum - Required is 80 Borrower has 74.98 Required is 80 Borrower has 74.98 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7069560 | |
| XXXX | 2138676 | XXXX | D | B | C | B | D | A | A | A | Closed | finding-3634 | 2026-01-13 11:28 | 2026-01-26 08:53 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-----Received COC dated XXXX. Finding Resolved. - Due Diligence Vendor-01/26/2026 Ready for Review-Document Uploaded. COC for tax transfer tax provided, please clear finding. - Seller-01/23/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $178.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Zero (0%) tolerance fees increased by $178 (Transfer Taxes) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $178, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 1 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-01/13/2026 |
Ready for Review-Document Uploaded. COC for tax transfer tax provided, please clear finding. - Seller-01/23/2026 |
Resolved-----Received COC dated XXXX. Finding Resolved. - Due Diligence Vendor-01/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 759 Required is 680 Borrower has 759 LTV is less than guideline maximum - Required is 80 Borrower has 74.98 Required is 80 Borrower has 74.98 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7065310 | |
| XXXX | 2138676 | XXXX | D | B | C | B | D | A | A | A | Closed | FCOM1233 | 2026-01-13 10:29 | 2026-01-26 08:48 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-Received corrected Final 1003. Finding Resolved. - Due Diligence Vendor-01/26/2026 Ready for Review-Document Uploaded. Completed 1003 provided, please clear finding. - Seller-01/23/2026 Open-The Final 1003 is Incomplete Borrower 1 Section 5: Declaration M left incomplete. - Due Diligence Vendor-01/13/2026 |
Ready for Review-Document Uploaded. Completed 1003 provided, please clear finding. - Seller-01/23/2026 |
Resolved-Received corrected Final 1003. Finding Resolved. - Due Diligence Vendor-01/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 759 Required is 680 Borrower has 759 LTV is less than guideline maximum - Required is 80 Borrower has 74.98 Required is 80 Borrower has 74.98 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 7062307 | |
| XXXX | 2137549 | XXXX | C | A | A | A | C | A | A | A | Closed | FCOM1978 | 2026-02-17 08:17 | 2026-03-02 08:26 | Resolved | 1 - Information | C | A | Compliance | TRID | Missing Intent to Proceed | Resolved-Received executed ITP. FInding resolved. - Due Diligence Vendor-03/02/2026 Ready for Review-Document Uploaded. intent to proceed - Seller-02/27/2026 Open-Intent to Proceed is not executed- There are fees on the final CD that are POC and borrower's signed intent to proceed is missing from file. - Due Diligence Vendor-02/17/2026 |
Ready for Review-Document Uploaded. intent to proceed - Seller-02/27/2026 |
Resolved-Received executed ITP. FInding resolved. - Due Diligence Vendor-03/02/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 42.28 Required is 50 Borrower has 42.28 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 781 Required is 660 Borrower has 781 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | N/A | N/A | 7649897 | |
| XXXX | 2137550 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 2147762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7011 | 2026-03-18 10:35 | 2026-03-26 17:47 | Resolved | 1 - Information | C | A | Credit | Insurance | Rent Loss Coverage is Insufficient or Missing | Resolved-Received evidence of sufficient Rent Loss. - Due Diligence Vendor-03/26/2026 Ready for Review-Document Uploaded. Income protection = property income (ie.: rent). 50k coverage is more than 6 months of rent. - Seller-03/25/2026 Counter-Received policy reflecting $50k income protection limit. Insufficient rent loss coverage as 6 months coverage required. - Due Diligence Vendor-03/23/2026 Ready for Review-Document Uploaded. rent loss is 50k - Seller-03/20/2026 Open-Rent Loss Coverage is Insufficient or Missing. - Due Diligence Vendor-03/18/2026 |
Ready for Review-Document Uploaded. Income protection = property income (ie.: rent). 50k coverage is more than 6 months of rent. - Seller-03/25/2026 Ready for Review-Document Uploaded. rent loss is 50k - Seller-03/20/2026 |
Resolved-Received evidence of sufficient Rent Loss. - Due Diligence Vendor-03/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788 DSCR % greater than 1.20 - DSCR 1.38 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 8183382 | |
| XXXX | 2147762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1158 | 2026-03-18 10:35 | 2026-03-26 17:47 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Received HOI premium and reflecting paid on settlement statement. - Due Diligence Vendor-03/23/2026 Ready for Review-Document Uploaded. - Seller-03/20/2026 Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Missing premium amount on Declarations page - Due Diligence Vendor-03/18/2026 |
Ready for Review-Document Uploaded. - Seller-03/20/2026 |
Resolved-Received HOI premium and reflecting paid on settlement statement. - Due Diligence Vendor-03/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788 DSCR % greater than 1.20 - DSCR 1.38 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 8183383 | |
| XXXX | 2147762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1206 | 2026-03-18 10:40 | 2026-03-23 17:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-03/23/2026 Ready for Review-Document Uploaded. - Seller-03/20/2026 Open-All Interested Parties Not Checked with Exclusionary Lists missing title; title company - Due Diligence Vendor-03/18/2026 |
Ready for Review-Document Uploaded. - Seller-03/20/2026 |
Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-03/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788 DSCR % greater than 1.20 - DSCR 1.38 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 8183469 | |
| XXXX | 2147762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1204 | 2026-03-18 10:40 | 2026-03-23 17:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-03/23/2026 Ready for Review-Document Uploaded. - Seller-03/20/2026 Open-Fraud Report Shows Uncleared Alerts high alerts - Due Diligence Vendor-03/18/2026 |
Ready for Review-Document Uploaded. - Seller-03/20/2026 |
Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-03/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788 DSCR % greater than 1.20 - DSCR 1.38 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 8183470 | |
| XXXX | 2147762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE0700 | 2026-03-18 07:52 | 2026-03-23 17:03 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Closing Detail Statement Document is Missing | Resolved-Received final settlement statement - Due Diligence Vendor-03/23/2026 Ready for Review-Document Uploaded. - Seller-03/20/2026 Open-Closing Detail Statement Document is Missing and subject property is an Investment property. Closing Detail Statement Document is Missing - Due Diligence Vendor-03/18/2026 |
Ready for Review-Document Uploaded. - Seller-03/20/2026 |
Resolved-Received final settlement statement - Due Diligence Vendor-03/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788 DSCR % greater than 1.20 - DSCR 1.38 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 8179934 | |
| XXXX | 2147762 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1182 | 2026-03-18 11:01 | 2026-03-23 16:51 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided | Resolved-Received underwriting summary. - Due Diligence Vendor-03/23/2026 Ready for Review-Document Uploaded. - Seller-03/20/2026 Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-03/18/2026 |
Ready for Review-Document Uploaded. - Seller-03/20/2026 |
Resolved-Received underwriting summary. - Due Diligence Vendor-03/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788 DSCR % greater than 1.20 - DSCR 1.38 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 8183979 | |
| XXXX | 2176980 | XXXX | C | A | C | A | C | A | A | A | Closed | finding-3634 | 2026-04-20 10:24 | 2026-04-29 10:51 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received COC for increase in fees. Finding Resolved. - Due Diligence Vendor-04/29/2026 Ready for Review-Document Uploaded. COC for loan discount points XXXX provided. Please clear. - Seller-04/28/2026 Counter-Received COC's and applied. Discount points increased again on initial CD XXXX going from $4075 to $8150 without a valid COC. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $4,0750.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 3 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-04/27/2026 Ready for Review-Document Uploaded. COCs for loan discount points, appraisal fee and appraisal reinspection fee provided. As for the notary fee, this is a purchase transaction. The borrower is provided the option to choose the provider for title services including for signing. On initial disclosures, XXXX provided the provider XXXX for title and settlement services. The borrower, instead, chose the firms XXXX for title services and XXXX for the signing. Because the borrower chose their own provider, the 0% tolerance fee limits no longer apply to these fees. No refund is owed. - Seller-04/27/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $4,350.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Zero (0%) tolerance fees increased by $4,350.00 (Points, Appraisal Fee, Appraisal Reinspection Fee, Notary Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $4,350.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 3 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-04/20/2026 |
Ready for Review-Document Uploaded. COC for loan discount points XXXX provided. Please clear. - Seller-04/28/2026 Ready for Review-Document Uploaded. COCs for loan discount points, appraisal fee and appraisal reinspection fee provided. As for the notary fee, this is a purchase transaction. The borrower is provided the option to choose the provider for title services including for signing. On initial disclosures, XXXX provided the provider XXXX for title and settlement services. The borrower, instead, chose the firms XXXX for title services and XXXX for the signing. Because the borrower chose their own provider, the 0% tolerance fee limits no longer apply to these fees. No refund is owed. - Seller-04/27/2026 |
Resolved-Received COC for increase in fees. Finding Resolved. - Due Diligence Vendor-04/29/2026 |
Months Reserves exceed minimum required - 38 months reserves documented, no reserves required Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 784 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 8767745 | |
| XXXX | 2176980 | XXXX | C | A | C | A | C | A | A | A | Closed | FPRO1249 | 2026-04-22 08:52 | 2026-04-28 13:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Neighborhood Location Not Allowed for Program | Resolved- Originator states subject is not Rural based upon a property is considered rural or not, taking multiple factors into consideration. This property is located 15 minutes from the City of XXXX which provides all normal urban amenities (shopping, dining, entertainment), per appraisal the neighborhood is 25%-75% built up, and also has public electricity. Given these characteristics, XXXX determined that this property is not rural per our guidelines. - Due Diligence Vendor-04/28/2026 Ready for Review-Per XXXX guidelines, XXXX makes the determination of whether a property is considered rural or not, taking multiple factors into consideration. This property is located 15 minutes from the City of XXXX which provides all normal urban amenities (shopping, dining, entertainment), per appraisal the neighborhood is 25%-75% built up, and also has public electricity. Given these characteristics, XXXX determined that this property is not rural per our guidelines. Please clear finding. - Seller-04/27/2026 Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Loan is considered rural by appraiser and TPR. Provide confirmation that originator did not categorize the property as rural, if determined to be rural, additional findings may apply - Due Diligence Vendor-04/22/2026 |
Ready for Review-Per XXXX guidelines, XXXX makes the determination of whether a property is considered rural or not, taking multiple factors into consideration. This property is located 15 minutes from the City of XXXX which provides all normal urban amenities (shopping, dining, entertainment), per appraisal the neighborhood is 25%-75% built up, and also has public electricity. Given these characteristics, XXXX determined that this property is not rural per our guidelines. Please clear finding. - Seller-04/27/2026 |
Resolved- Originator states subject is not Rural based upon a property is considered rural or not, taking multiple factors into consideration. This property is located 15 minutes from the City of XXXX which provides all normal urban amenities (shopping, dining, entertainment), per appraisal the neighborhood is 25%-75% built up, and also has public electricity. Given these characteristics, XXXX determined that this property is not rural per our guidelines. - Due Diligence Vendor-04/28/2026 |
Months Reserves exceed minimum required - 38 months reserves documented, no reserves required Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 784 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 8815683 | ||
| XXXX | 2177005 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0157 | 2026-04-22 11:00 | 2026-04-30 14:19 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not meet guideline requirements for loans listed for sale | Resolved-Document Uploaded. Received confirmation from the lender that the seasoning was approved. - Due Diligence Vendor-04/30/2026 Counter-Documentation for improvement cost provided. Guidelines require 2nd Signature by UW managers. Additional findings may apply. - Due Diligence Vendor-04/29/2026 Ready for Review-Document Uploaded. 1 - this is an internal review by management and proceeding with the loan is confirmation of approval. 2 - the documented improvements provided. Please clear. - Seller-04/27/2026 Open-Loan does not meet guideline requirements for loans listed for sale. Property was purchased XXXX, currently appraised at XXXX. 1) Property that has been purchased in the last 12 months and experiences a value increase of more than 100% of the purchase price requires 2nd signature by UW manager. Missing second signature. 2) If the property was purchased 6 months ago or less, the max LTV is 75%. The property must be occupied by a tenant (not currently vacant). If the property is vacant, the loan amount will be limited to the purchase price plus documented improvements. Property is vacant, documentation of improvements is required. - Due Diligence Vendor-04/22/2026 |
Ready for Review-Document Uploaded. 1 - this is an internal review by management and proceeding with the loan is confirmation of approval. 2 - the documented improvements provided. Please clear. - Seller-04/27/2026 |
Resolved-Document Uploaded. Received confirmation from the lender that the seasoning was approved. - Due Diligence Vendor-04/30/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - . Required is 0.75 Borrower has 1.13 Months Reserves exceed minimum required - 12 months reserves documented, 6 months required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 8818619 | |
| XXXX | 2177016 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE8702 | 2026-04-22 07:08 | 2026-05-04 11:50 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received Articles of Organization. - Due Diligence Vendor-05/04/2026 Ready for Review-Document Uploaded. articles uploaded - Seller-05/01/2026 Counter-Received Operating Agreement. Please provide Articles of Incorporation. - Due Diligence Vendor-04/30/2026 Ready for Review-Document Uploaded. op agreement for review - Seller-04/29/2026 Open-The Business Entity Formation Document is incomplete Per the conditional approval condition # 125, Articles of Organization, EIN, and Operating Agreement are required for loans closed in LLC. The EIN and a verification of Good Standing were identified in the file. The Articles of Organization and Operating Agreement were not identified in the file. These are required documents. - Due Diligence Vendor-04/22/2026 |
Ready for Review-Document Uploaded. articles uploaded - Seller-05/01/2026 Ready for Review-Document Uploaded. op agreement for review - Seller-04/29/2026 |
Resolved-Received Articles of Organization. - Due Diligence Vendor-05/04/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 779 LTV is less than guideline maximum - Required is 80 Borrower has 69.6 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 8813745 | |
| XXXX | 2176983 | XXXX | C | A | C | A | C | A | C | A | Closed | finding-3352 | 2026-04-24 11:15 | 2026-07-27 11:46 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved- Loan contains full appraisal and escrows, meeting HPML compliance - Due Diligence Vendor-07/27/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-04/24/2026 |
Resolved- Loan contains full appraisal and escrows, meeting HPML compliance - Due Diligence Vendor-07/27/2026 |
On time mortgage history exceeds guideline requirement - 0x30x12 in the past 22 months Months Reserves exceed minimum required - 20.58 months reserves exceed required 0 by 20.58 months Qualifying DTI below maximum allowed - DTI 19.95% is lower than allowable 50% Required is 50 Borrower has 19.95 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 8867403 | |||
| XXXX | 2176983 | XXXX | C | A | C | A | C | A | C | A | Closed | FCRE1506 | 2026-04-24 19:40 | 2026-07-27 11:05 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Upon further review, the loan file contained all required documentation. - Due Diligence Vendor-05/06/2026 Ready for Review-Can you please advise what additional debt is noted? I see your figures but it seems XXXX is aware of the specific amount of the debt you are looking for verification for. - Seller-05/04/2026 Counter- Originator DTI 23.20%/ Audit 19.95%. Missing proof of additional debt noted by lender per audit. Total Income XXXX-Subject expense XXXX., Total other monthly debt XXXX, Total Monthly expenses XXXX. Additional conditions may apply. - Due Diligence Vendor-05/04/2026 Ready for Review-please advise what document is needed? - Seller-05/01/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing documentation for additional totaling Lending DTI ratio. Additional conditions may apply, pending review. - Due Diligence Vendor-04/24/2026 |
Ready for Review-Can you please advise what additional debt is noted? I see your figures but it seems XXXX is aware of the specific amount of the debt you are looking for verification for. - Seller-05/04/2026 Ready for Review-please advise what document is needed? - Seller-05/01/2026 |
Resolved-Upon further review, the loan file contained all required documentation. - Due Diligence Vendor-05/06/2026 |
On time mortgage history exceeds guideline requirement - 0x30x12 in the past 22 months Months Reserves exceed minimum required - 20.58 months reserves exceed required 0 by 20.58 months Qualifying DTI below maximum allowed - DTI 19.95% is lower than allowable 50% Required is 50 Borrower has 19.95 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 8878456 | ||
| XXXX | 2176983 | XXXX | C | A | C | A | C | A | C | A | Closed | FPRO1137 | 2026-04-24 18:58 | 2026-05-04 11:14 | Resolved | 1 - Information | C | A | Property | Appraisal | The appraiser was not licensed (Primary Value) | Resolved-Primary Value appraiser's license was effective prior to the Valuation Date and expired after the Valuation Date Or Primary Valuation Is Not Selected Or Appraiser License Dates Are Not Provided - Due Diligence Vendor-05/04/2026 Ready for Review-Document Uploaded. this is incorrect, before the renewal, the effective date of the appraisal was XXXX and signed XXXX the license was good through 4/25 please clear. - Seller-05/01/2026 Open-Primary Value appraiser's license was not effective prior to the Valuation Date or expired prior to the Valuation Date Appraiser's license was not effective prior to the Valuation Date. - Due Diligence Vendor-04/24/2026 |
Ready for Review-Document Uploaded. this is incorrect, before the renewal, the effective date of the appraisal was XXXX and signed XXXX the license was good through 4/25 please clear. - Seller-05/01/2026 |
Resolved-Primary Value appraiser's license was effective prior to the Valuation Date and expired after the Valuation Date Or Primary Valuation Is Not Selected Or Appraiser License Dates Are Not Provided - Due Diligence Vendor-05/04/2026 |
On time mortgage history exceeds guideline requirement - 0x30x12 in the past 22 months Months Reserves exceed minimum required - 20.58 months reserves exceed required 0 by 20.58 months Qualifying DTI below maximum allowed - DTI 19.95% is lower than allowable 50% Required is 50 Borrower has 19.95 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 8878051 | |
| XXXX | 2176983 | XXXX | C | A | C | A | C | A | C | A | Closed | finding-3532 | 2026-04-24 11:15 | 2026-05-01 15:05 | Resolved | 1 - Information | C | A | Compliance | TRID | Initial Closing Disclosure Delivery Date Test | Resolved-Received borrower's acknowledgment of CD. - Due Diligence Vendor-05/01/2026 Ready for Review-Document Uploaded. please find signed CD - Seller-05/01/2026 Open-This loan failed the initial closing disclosure delivery date test due to one of the following findings:( 12 CFR §1026.19(f)(1)(ii) )The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXXX" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. Initial CD XXXX is not signed and there is no evidence in file to determine if it was provided to borrower at least three days prior to closing date of XXXX. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-04/24/2026 |
Ready for Review-Document Uploaded. please find signed CD - Seller-05/01/2026 |
Resolved-Received borrower's acknowledgment of CD. - Due Diligence Vendor-05/01/2026 |
On time mortgage history exceeds guideline requirement - 0x30x12 in the past 22 months Months Reserves exceed minimum required - 20.58 months reserves exceed required 0 by 20.58 months Qualifying DTI below maximum allowed - DTI 19.95% is lower than allowable 50% Required is 50 Borrower has 19.95 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 8867402 | |
| XXXX | 2171411 | XXXX | D | B | C | B | D | A | A | A | Closed | FCOM1231 | 2026-05-27 15:25 | 2026-05-29 07:17 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Initial 1003 is Missing | Resolved-Received 1003 and explanation for dates. Finding Resolved. - Due Diligence Vendor-05/29/2026 Ready for Review-disclosures/ 1003 were prepared and sent out on the 17th... that was a Friday... borrower reviewed and executed on Monday the 20th ... there should not be an issue with this... - Seller-05/28/2026 Counter-Please provide explanation as to why initial 1003 is signed by borrower and LOE on XXXX, but all initial documents are dated XXXX. - Due Diligence Vendor-05/28/2026 Ready for Review-Document Uploaded. initial 1003 - Seller-05/27/2026 Open-The Initial 1003 is Missing Initial 1003 in file is signed XXXX by both borrower and originator with initial docs being dated XXXX. Please provide Initial 1003 dated by originator to clarify application date. - Due Diligence Vendor-05/27/2026 |
Ready for Review-disclosures/ 1003 were prepared and sent out on the 17th... that was a Friday... borrower reviewed and executed on Monday the 20th ... there should not be an issue with this... - Seller-05/28/2026 Ready for Review-Document Uploaded. initial 1003 - Seller-05/27/2026 |
Resolved-Received 1003 and explanation for dates. Finding Resolved. - Due Diligence Vendor-05/29/2026 |
Qualifying DTI below maximum allowed - Required is 43 Borrower has 3.62 LTV is less than guideline maximum - Required is 85 Borrower has 70 Months Reserves exceed minimum required - -266 months reserves and 0 required. Residual Income =/> 1.5 times $3,500 monthly residual income - -400+ times minimum required Verified employment history exceeds guidelines - -Borrower has been a same line of work for 8 years. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 9405809 | |
| XXXX | 2171411 | XXXX | D | B | C | B | D | A | A | A | Closed | FCRE1197 | 2026-05-27 15:55 | 2026-05-28 16:20 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Originator waiver applied to non material finding with comp factors - Due Diligence Vendor-05/28/2026 Open-Audited FICO of 600 is less than Guideline FICO of 640 - Due Diligence Vendor-05/28/2026 |
Waived-Originator waiver applied to non material finding with comp factors - Due Diligence Vendor-05/28/2026 |
Qualifying DTI below maximum allowed - Required is 43 Borrower has 3.62 LTV is less than guideline maximum - Required is 85 Borrower has 70 Months Reserves exceed minimum required - -266 months reserves and 0 required. Residual Income =/> 1.5 times $3,500 monthly residual income - -400+ times minimum required Verified employment history exceeds guidelines - -Borrower has been a same line of work for 8 years. |
Loan to value 10% or more total debt 10% or more Reserves 12+months more Residual income $3k or more. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 9407034 | ||
| XXXX | 2171411 | XXXX | D | B | C | B | D | A | A | A | Closed | FCRE1199 | 2026-05-27 13:31 | 2026-05-28 15:21 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Resolved-Audited Loan Amount is less than or equal to the Guideline Maximum Loan Amount of $3000000 - Due Diligence Vendor-05/28/2026 Open-Audited Loan Amount is greater than the Guideline Maximum Loan Amount of $1500000 non perm resident max loan amount is $1,500,000. per XXXX matrix. - Due Diligence Vendor-05/27/2026 |
Resolved-Audited Loan Amount is less than or equal to the Guideline Maximum Loan Amount of $3000000 - Due Diligence Vendor-05/28/2026 |
Qualifying DTI below maximum allowed - Required is 43 Borrower has 3.62 LTV is less than guideline maximum - Required is 85 Borrower has 70 Months Reserves exceed minimum required - -266 months reserves and 0 required. Residual Income =/> 1.5 times $3,500 monthly residual income - -400+ times minimum required Verified employment history exceeds guidelines - -Borrower has been a same line of work for 8 years. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 9403068 | |||
| XXXX | 2171411 | XXXX | D | B | C | B | D | A | A | A | Closed | finding-3352 | 2026-05-27 10:07 | 2026-05-27 16:24 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-loan meets HPML requirements for appraisal and full escrows. - Due Diligence Vendor-05/27/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-05/27/2026 |
Resolved-loan meets HPML requirements for appraisal and full escrows. - Due Diligence Vendor-05/27/2026 |
Qualifying DTI below maximum allowed - Required is 43 Borrower has 3.62 LTV is less than guideline maximum - Required is 85 Borrower has 70 Months Reserves exceed minimum required - -266 months reserves and 0 required. Residual Income =/> 1.5 times $3,500 monthly residual income - -400+ times minimum required Verified employment history exceeds guidelines - -Borrower has been a same line of work for 8 years. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 9396459 | |||
| XXXX | 2171411 | XXXX | D | B | C | B | D | A | A | A | Closed | FCRE8201 | 2026-05-27 13:33 | 2026-05-27 16:23 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-05/27/2026 Open-Lender exception for primary residence vesting an LLC and for fico score of 600 however per matrix allows 600 min score. - Due Diligence Vendor-05/27/2026 |
Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-05/27/2026 |
Qualifying DTI below maximum allowed - Required is 43 Borrower has 3.62 LTV is less than guideline maximum - Required is 85 Borrower has 70 Months Reserves exceed minimum required - -266 months reserves and 0 required. Residual Income =/> 1.5 times $3,500 monthly residual income - -400+ times minimum required Verified employment history exceeds guidelines - -Borrower has been a same line of work for 8 years. |
Reserves over 12 mos. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 9403106 | ||
| XXXX | 2175455 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1199 | 2026-06-10 16:57 | 2026-06-11 08:42 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Waived-Originator exception granted to allow loan amount over max allowed. Non-material waiver applied with comp factors. Deemed non-material due to strong comp factors. - Due Diligence Vendor-06/11/2026 Open-Audited Loan Amount is greater than the Guideline Maximum Loan Amount of $3000000 Exception for Loan Amount XXXX - Due Diligence Vendor-06/10/2026 |
Waived-Originator exception granted to allow loan amount over max allowed. Non-material waiver applied with comp factors. Deemed non-material due to strong comp factors. - Due Diligence Vendor-06/11/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660 Borrower has 725 Required is 680 Borrower has 725 Months Reserves exceed minimum required - Required reserves 9 months. Borrower has 18 months reserves. |
-Less than 100 Payment Shock -FICO 20 point or more above requirement - Reserves 12+ months mor than requirement -Residual income $3000 or more -Long Term Employment (> 5 years) |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 9670734 | ||
| XXXX | 2175455 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2026-06-10 16:57 | 2026-06-11 08:40 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Originator exception granted to allow LTV over guidelines . Non-material waiver applied with comp factors. Deemed non-material due to only 2.16% over max allowed - Due Diligence Vendor-06/11/2026 Open-Audited LTV of 72.16% exceeds Guideline LTV of 70% Exception request: Exception for 72.165% and file is I/O. - Due Diligence Vendor-06/10/2026 |
Waived-Originator exception granted to allow LTV over guidelines . Non-material waiver applied with comp factors. Deemed non-material due to only 2.16% over max allowed - Due Diligence Vendor-06/11/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660 Borrower has 725 Required is 680 Borrower has 725 Months Reserves exceed minimum required - Required reserves 9 months. Borrower has 18 months reserves. |
Comp Factors: -Less than 100 Payment Shock -FICO 20 point or more above requirement - Reserves 12+ months mor than requirement -Residual income $3000 or more -Long Term Employment (> 5 years) |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 9670735 |