Exhibit 99.05 Schedule 1

 

Loan ID Customer Loan ID Seller Loan ID Note Date Original Loan Amount Last Name Property State Occupancy Purpose Originator QM Status TPR QM Status Exception ID Exception Number Exception Date Exception Type Exception Subcategory Exception Exception Remedy Rebuttal TPR Response Compensating Factors Status Update Date Finding Status Initial Exception Grade Final Exception Grade Initial Loan Grade Final Loan Grade
4000091280 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-18 15:05 Cleared 1 1 1 1
4000091280 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-18 15:05 Cleared 1 1 1 1
4000091280 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-18 15:06 Cleared 1 1 1 1
4000093291 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-01-20 16:19 Cleared 1 1 3 1
4000093291 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance The Note is Not Executed The Note is not executed. The Note is signed by the Borrower is the Borrower's name only; however, the loan closed as a Business Entity. Please provide a Note or an Addendum signed in the business name. 



The signature requirement for the Note allows for the guarantor to sign in their individual capacity.  - xxxxxx
 Borrower signed Personal Guaranty.  Condition resolved. - xx/xx/xxxx
The signature requirement for the Note allows for the guarantor to sign in their individual capacity.  - xx/xx/xxxx
 2026-01-28 14:43 Resolved 3 1 3 1
4000093291 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Title Document is Partially Present Title document is incomplete or only partially present.  File is missing either a xxxxxx/Property Report or the xxxxxx, xxxxxx, Transaction Cert, or E&O Policy.  Please supply both required Title documents. The loan file does contain a Title Policy; however, the documents were printed incorrectly and therefore, can't be read.  Document Uploaded. Condition upheld. See the attached upload (Title). The document is illegible. Provide a legible copy of the Title for the subject property.


This is the full title policy please clear condition. - xxxxxx
 I have reviewed the uploaded document to your portal, and the full document is there, and nothing is cut off and all page's present and legible. Please clear condition - xxxxxx
 Title provided. - xxxxxx
Title document has been provided. - xxxxxx
This is the full title policy please clear condition. - xxxxxx
I have reviewed the uploaded document to your portal, and the full document is there, and nothing is cut off and all page's present and legible. Please clear condition - xxxxxx
 2026-02-03 19:05 Resolved 3 1 3 1
4000094066 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2025-10-06 14:27 Cleared 1 1 1 1
4000094066 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2025-10-06 14:28 Cleared 1 1 1 1
4000094066 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2025-10-06 14:28 Cleared 1 1 1 1
4000095956 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 2 xx/xx/xxxx Property No Property Findings Loan meets applicable appraisal guidelines.



2025-10-28 19:43 Cleared 1 1 3 1
4000095956 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 2 xx/xx/xxxx Credit Missing VOM or VOR Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. The loan file does contain the canceled checks for the rental history for xxxxxx - xxxxxx; however, they are for different amounts and there isnt an explanation as to what the difference is. 

The seller provided a LOE for the borrower explaining the variance in payments - xx/xx/xxxx
 see email from borrower - xx/xx/xxxx
 Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xx/xx/xxxx

The seller provided a LOE for the borrower explaining the variance in payments - xx/xx/xxxx

see email from borrower - xx/xx/xxxx

 2025-11-06 15:31 Resolved 3 1 3 1
4000096565 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2025-12-21 21:41 Cleared 1 1 1 1
4000096565 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2025-12-21 21:41 Cleared 1 1 1 1
4000096565 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2025-12-21 21:40 Cleared 1 1 1 1
4000096788 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx WA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx
 2026-02-02 17:14 Cleared 1 1 1 1
4000096788 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx WA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property No Property Findings Loan meets applicable appraisal guidelines.



2025-11-11 20:26 Cleared 1 1 1 1
4000096788 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx WA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2025-11-11 20:25 Cleared 1 1 1 1
4000097166 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 2 xx/xx/xxxx Credit Asset 4 Missing Asset documentation is missing from the file. "1031 exchange agreement provided, condition resolved.  - xx/xx/xxxx
Assets - xx/xx/xxxx
"
 



 Assets - xx/xx/xxxx

 Asset 4 Provided Or Not Applicable - xx/xx/xxxx
1031 exchange agreement provided, condition resolved.  - xx/xx/xxxx
Assets - xx/xx/xxxx
 2026-06-25 15:16 Resolved 3 1 3 1
4000097166 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 2 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2025-11-25 19:01 Cleared 1 1 3 1
4000097772 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx ID Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-02-02 17:20 Cleared 1 1 3 1
4000097772 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx ID Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Missing Business Purpose Affidavit File is missing statement of business purpose. The loan file is missing the Business Purpose letter. 



Please find the attached - xx/xx/xxxx
 Business Purpose Affidavit provided.  Condition resolved. - xx/xx/xxxx

Please find the attached - xx/xx/xxxx

 2025-12-06 19:33 Resolved 3 1 3 1
4000097772 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx ID Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property No Property Findings Loan meets applicable appraisal guidelines.



2025-12-03 16:29 Cleared 1 1 3 1
4000098198 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-03-13 23:09 Cleared 1 1 3 1
4000098198 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. The Collateral Inderwriter in the loan file is dated xx/xx/xxxx and the Note is xx/xx/xxxx, making the review product 138 days old. Please provide the updated third party valuation review product.



Updated SSR's provided. Condition resolved. - xx/xx/xxxx

 ssr - xx/xx/xxxx

 Updated SSR's provided. Condition resolved. - xx/xx/xxxx

ssr - xx/xx/xxxx

 2026-03-23 18:53 Resolved 3 1 3 1
4000098198 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit Corporation/LLC: Operating Agreement Doc is Missing The loan file does not contain the Corporation/LLC: Operating Agreement. Assets from xxxxxx was used in the approval. Documentation showing the borrower's ownership percentage in this business is missing from the loan file. 

op agreement - xx/xx/xxxx

 llc info - xx/xx/xxxx

 Operating Agreement provided.  Condition resolved. - xx/xx/xxxx
op agreement - xx/xx/xxxx
Condition upheld. Per xxxxxx Guidelines the Operating Agreement is required. - xx/xx/xxxx
llc info - xx/xx/xxxx
 2026-03-26 19:36 Resolved 3 1 3 1
4000098490 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx AZ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



Finding was cleared. - xx/xx/xxxx

DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2025-12-26 18:37 Cleared 1 1 4 1
4000098490 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx AZ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property No Property Findings Loan meets applicable appraisal guidelines.



2025-12-29 15:50 Cleared 1 1 4 1
4000098490 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx AZ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2025-12-29 15:50 Cleared 1 1 4 1
4000098495 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx AZ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-02-02 17:26 Cleared 1 1 4 1
4000098495 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx AZ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property No Property Findings Loan meets applicable appraisal guidelines.



2025-11-10 22:18 Cleared 1 1 4 1
4000098495 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx AZ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2025-11-12 19:48 Cleared 1 1 4 1
4000100643 xx/xx/xxxx xxxxx xxxxx VT Second Home Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 6 xx/xx/xxxx Credit Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date).

GAP Credit attached - xx/xx/xxxx

 Borrower 1 Gap Credit Report is not expired. - xx/xx/xxxx

GAP Credit attached - xx/xx/xxxx

 2025-12-03 21:39 Resolved 3 1 3 1
4000100643 xx/xx/xxxx xxxxx xxxxx VT Second Home Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 6 of 6 xx/xx/xxxx Credit Borrower 2 3rd Party VOE Prior to Close Missing Borrower 2 3rd party VOE prior to close missing..

Condition does not apply. No employment/income listed for B2.  - xx/xx/xxxx

 Not using income for B2 - xx/xx/xxxx

Borrower 2 3rd party VOE prior to close was provided. (Number of Borrowers equals 2) - xx/xx/xxxx

Borrower 2 3rd party VOE prior to close missing.. - xx/xx/xxxx

Condition does not apply. No employment/income listed for B2.  - xx/xx/xxxx

 2026-06-25 14:29 Resolved 3 1 3 1
4000100643 xx/xx/xxxx xxxxx xxxxx VT Second Home Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 5 of 6 xx/xx/xxxx Credit Borrower 2 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) Borrower 2 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date).

GAP Credit attached - xx/xx/xxxx

 Borrower 2 Gap Credit Report is not expired. - xx/xx/xxxx

GAP Credit attached - xx/xx/xxxx

 2025-12-03 21:38 Resolved 3 1 3 1
4000100643 xx/xx/xxxx xxxxx xxxxx VT Second Home Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 6 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2025-11-20 22:26 Cleared 1 1 3 1
4000100643 xx/xx/xxxx xxxxx xxxxx VT Second Home Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 6 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2025-11-19 19:41 Cleared 1 1 3 1
4000100643 xx/xx/xxxx xxxxx xxxxx VT Second Home Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 6 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2025-11-20 22:26 Cleared 1 1 3 1
4000100741 xx/xx/xxxx xxxxx xxxxx NM Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 4 xx/xx/xxxx Property No Property Findings Loan meets applicable appraisal guidelines.



2025-11-30 15:00 Cleared 1 1 1 1
4000100741 xx/xx/xxxx xxxxx xxxxx NM Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2025-12-02 16:49 Cleared 1 1 1 1
4000100741 xx/xx/xxxx xxxxx xxxxx NM Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 4 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2025-12-01 22:58 Cleared 1 1 1 1
4000100741 xx/xx/xxxx xxxxx xxxxx NM Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2025-11-30 15:01 Cleared 1 1 1 1
4000101860 xxxxx xx/xx/xxxx xxxxx xxxxx MD Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-01-03 02:10 Cleared 1 1 1 1
4000101860 xxxxx xx/xx/xxxx xxxxx xxxxx MD Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-01-03 02:09 Cleared 1 1 1 1
4000101860 xxxxx xx/xx/xxxx xxxxx xxxxx MD Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-01-03 02:11 Cleared 1 1 1 1
4000102125 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx WA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2025-12-17 19:39 Cleared 1 1 1 1
4000102125 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx WA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2025-12-17 19:38 Cleared 1 1 1 1
4000102125 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx WA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2025-12-17 19:48 Cleared 1 1 1 1
4000103539 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a xxxxxx CDA with a Low Risk score and value of $xxxxxx, which is a 3.2% variance from the appraised value.   





2025-12-13 02:12 Cleared 1 1 1 1
4000103539 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2025-12-13 02:08 Cleared 1 1 1 1
4000103539 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2025-12-14 23:00 Cleared 1 1 1 1
4000103882 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit Borrower 1 YTD Profit & Loss Missing Borrower 1 YTD Profit & Loss missing. There is a profit and loss statement in the loan documents but the borrower did not sign it. This is required per guidelines.



p&L - xx/xx/xxxx

 Signed P&L was provided. Condition resolved. - xx/xx/xxxx

p&L - xx/xx/xxxx

 2025-12-19 20:12 Resolved 3 1 3 1
4000103882 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Property No Property Findings Loan meets applicable appraisal guidelines.



2025-12-10 19:58 Cleared 1 1 3 1
4000103882 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2025-12-11 12:55 Cleared 1 1 3 1
4000103944 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2025-12-16 19:25 Cleared 1 1 3 1
4000103944 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property No Property Findings Loan meets applicable appraisal guidelines.



2025-12-16 19:25 Cleared 1 1 3 1
4000103944 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Hazard Insurance Policy is Missing Missing hazard insurance policy. The hazard insurance and rental loss insurance could not be found in the loan documents.



EOI - xx/xx/xxxx

 HOI Policy provided.  Condition resolved. - xx/xx/xxxx

Hazard Insurance Policy was provided. - xx/xx/xxxx

EOI - xx/xx/xxxx

 2025-12-22 20:56 Resolved 3 1 3 1
4000103945 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2025-12-19 22:01 Cleared 1 1 1 1
4000103945 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property No Property Findings Loan meets applicable appraisal guidelines.



2025-12-17 06:37 Cleared 1 1 1 1
4000103945 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2025-12-17 06:37 Cleared 1 1 1 1
4000104013 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NV Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2025-12-23 00:27 Cleared 1 1 1 1
4000104013 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NV Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2025-12-23 11:32 Cleared 1 1 1 1
4000104013 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NV Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2025-12-23 00:27 Cleared 1 1 1 1
4000104038 xxxxx xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 7 of 9 xx/xx/xxxx Compliance Other Rider is Missing 2nd rider is missing a signature. Please have 2nd rider for contract fully executed. 

all signatures are present  - xx/xx/xxxx

 2nd rider is signed - xx/xx/xxxx

all signatures are present  - xx/xx/xxxx

 2025-12-15 17:54 Resolved 3 1 4 1
4000104038 xxxxx xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 9 xx/xx/xxxx Credit Borrower 1 Credit Report is Missing Borrower 1 credit report is missing. Please provide full credit report for borrower. 



Credit report - xx/xx/xxxx

 Updated Credit Report provided.  Condition resolved. - xx/xx/xxxx

Credit Report provided. Condition resolved. - xx/xx/xxxx

Borrower 1 Credit Report is not missing. - xx/xx/xxxx

Credit report - xx/xx/xxxx

 2026-04-15 16:30 Resolved 4 1 4 1
4000104038 xxxxx xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 8 of 9 xx/xx/xxxx Credit Borrower 1 Gap Credit Report is Missing Borrower 1 Gap Credit Report is Missing

please see attached  - xx/xx/xxxx

 is this duplicate suspense? Please clear - xx/xx/xxxx

 Updated Credit Report provided.  Condition resolved. - xx/xx/xxxx

Borrower 1 Gap Credit Report is not missing. - xx/xx/xxxx

please see attached  - xx/xx/xxxx

Condition upheld.  Not a duplicate. Provide the xxxxxx Report. Credit Report is dated xx/xx/xxxx, Note is xx/xx/xxxx.   - xx/xx/xxxx

is this duplicate suspense? Please clear - xx/xx/xxxx

 2026-04-15 16:30 Resolved 4 1 4 1
4000104038 xxxxx xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 9 xx/xx/xxxx Credit Borrower 1 Personal Tax Returns Missing Borrower 1 personal Tax Returns missing. Need tax returns to calculate self employment income



This is P&L loan, theres is no income docs  - xx/xx/xxxx

 Borrower 1 Personal Tax Returns Provided - xx/xx/xxxx

Condition set in error. - xx/xx/xxxx

Borrower 1 Personal Tax Returns Provided - xx/xx/xxxx

This is P&L loan, theres is no income docs  - xx/xx/xxxx

 2026-07-01 15:53 Resolved 3 1 4 1
4000104038 xxxxx xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 9 of 9 xx/xx/xxxx Credit Borrower 1 YTD Profit & Loss Missing Borrower 1 YTD Profit & Loss missing. Provide P & L.

P&L - xx/xx/xxxx

 P&L provided.   - xx/xx/xxxx

Borrower 1 YTD Profit & Loss Provided - xx/xx/xxxx

P&L - xx/xx/xxxx

 2026-07-01 15:53 Resolved 3 1 4 1
4000104038 xxxxx xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 9 xx/xx/xxxx Credit Income 1 Months Income Verified is Missing Income 1 months income verified is missing. Income documentation was not provided in the file



Its P&I loan, not full income  - xx/xx/xxxx

 Income 1 Months Income Verified is Present Or Not Applicable - xx/xx/xxxx

Condition set in error. - xx/xx/xxxx

Income 1 Months Income Verified is Present Or Not Applicable - xx/xx/xxxx

Its P&I loan, not full income  - xx/xx/xxxx

 2026-07-01 15:53 Resolved 3 1 4 1
4000104038 xxxxx xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 9 xx/xx/xxxx Credit Flood Certificate Missing Missing flood certificate.

Flood cert - xx/xx/xxxx

 Flood Cert provided.  Not is flood zone. - xx/xx/xxxx

Flood Certificate is fully present - xx/xx/xxxx

Flood cert - xx/xx/xxxx

 2025-12-15 15:26 Resolved 4 1 4 1
4000104038 xxxxx xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 6 of 9 xx/xx/xxxx Compliance Missing Attorney Preference Letter Right To Choose Attorney or Attorney Preference not in file. Executed xxxxxx Borrower Right to Select Attorney is missing from the file

This is not applicable  - xx/xx/xxxx

 Confirmed Attorney preference is not a required disclosure - xx/xx/xxxx

This is not applicable  - xx/xx/xxxx

 2025-12-15 17:55 Resolved 3 1 4 1
4000104038 xxxxx xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 9 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2025-12-10 17:41 Cleared 1 1 4 1
4000104039 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-02-09 17:19 Cleared 1 1 3 1
4000104039 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-02-09 17:18 Cleared 1 1 3 1
4000104039 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit DSCR does not meet Guidelines The subject DSCR does not meet guideline requirements. The subject DSCR of 0.925 does not meet guideline requirements of 1. The loan was calculated using a rental income of $xxxxxx. The appraisal located in the file have a 1007 with a monthly rental income of $xxxxxx per month.



correct 1007 and the dscr is 1.057 with 1007 $xxxxxx - xx/xx/xxxx

 Updated 1007 provided.  Condition resolved.   - xx/xx/xxxx

correct 1007 and the dscr is 1.057 with 1007 $xxxxxx - xx/xx/xxxx

 2026-02-17 14:04 Resolved 3 1 3 1
4000104202 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx MA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2025-12-30 08:08 Cleared 1 1 1 1
4000104202 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx MA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU with a score of 1.0 and LPA with a score of 1.0 which satisfies the lender's guideline requirements. 





2025-12-26 18:23 Cleared 1 1 1 1
4000104202 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx MA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



The loan meets all applicable credit guidelines. - xx/xx/xxxx

 2026-01-02 15:49 Cleared 1 1 1 1
4000104313 xx/xx/xxxx xxxxx xxxxx HI Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-01-15 22:52 Cleared 1 1 1 1
4000104313 xx/xx/xxxx xxxxx xxxxx HI Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-01-15 22:52 Cleared 1 1 1 1
4000104313 xx/xx/xxxx xxxxx xxxxx HI Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-01-15 22:52 Cleared 1 1 1 1
4000104426 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-01-02 05:02 Cleared 1 1 3 1
4000104426 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance Federal - Right of Rescission (Loan Disbursement Violation) (TILA) The loan disbursement date (xxxxxx) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (xxxxxx). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) ROR in file is signed by the borrowers on xx/xx/xxxx with an expiration date of xx/xx/xxxx. Per Final CD dated xx/xx/xxxx, the Disbursement date is xx/xx/xxxx. Disbursement date is before the end of the statutory recission period.

PCCD - xx/xx/xxxx

 Received PCCD correcting the disbursement date - xx/xx/xxxx

Resolved - xx/xx/xxxx

PCCD - xx/xx/xxxx

 2026-01-08 15:59 Resolved 3 1 3 1
4000104426 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-01-02 05:02 Cleared 1 1 3 1
4000104553 xxxxx xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 5 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-01-02 19:15 Cleared 1 1 4 1
4000104553 xxxxx xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 5 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report. Lender to provide a clear fraud report including OFAC for all interested parties in this transaction. 



LOE AND FRAUD GUARD - xx/xx/xxxx

 FraudGuard provided.  Condition resolved. - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

LOE AND FRAUD GUARD - xx/xx/xxxx

 2026-01-07 16:04 Resolved 3 1 4 1
4000104553 xxxxx xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-01-02 19:15 Cleared 1 1 4 1
4000104553 xxxxx xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 5 xx/xx/xxxx Compliance Closing Detail Statement Indicator is Missing The Closing Detail Statement Indicator is missing Lender to provide a fully executed final CD, HUD 1, or ALTA Settlement Statement to verify cash to close and cash back to the borrowers. 



FINAL SETTLEMENT STATEMENT - xx/xx/xxxx

 Final Settlement Statement provided.  Condition resolved. - xx/xx/xxxx

The Closing Detail Statement Indicator is not missing. - xx/xx/xxxx

FINAL SETTLEMENT STATEMENT - xx/xx/xxxx

 2026-01-07 16:01 Resolved 4 1 4 1
4000104553 xxxxx xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 5 xx/xx/xxxx Credit Title Coverage is Less than Subject Lien(s) Total Title coverage is less than total amount of subject lien(s). Lender to provide the final title policy with current vesting in the borrower's names and the loan amount of $xxxxxx



TITILE POLICY - xx/xx/xxxx

 Updated Prelim Provided.  Condition resolved. - xx/xx/xxxx
Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx - xx/xx/xxxx
TITILE POLICY - xx/xx/xxxx
 2026-01-14 18:50 Resolved 3 1 4 1
4000104555 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-01-23 11:41 Cleared 1 1 4 1
4000104555 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Compliance Closing Detail Statement Indicator is Missing The Closing Detail Statement Indicator is missing The Closing Statement/Settlement Statement/ALTA was not found in the loan documents.



final ss - xx/xx/xxxx

 Final Settlement Statement was provided.  Condition resolved. - xx/xx/xxxx

The Closing Detail Statement Indicator is not missing. - xx/xx/xxxx

final ss - xx/xx/xxxx

 2026-01-29 19:57 Resolved 4 1 4 1
4000104555 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Property Appraisal is Missing The file is missing the appraisal. The loan file did not contain the required 3rd party valuation product.



APPRAISAL - xx/xx/xxxx

 CU with a score of 1 was located in the loan file.  Condition resolved. - xx/xx/xxxx

Appraisal is Present or is Waived - xx/xx/xxxx

APPRAISAL - xx/xx/xxxx

 2026-01-29 19:48 Resolved 4 1 4 1
4000104555 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-01-23 11:49 Cleared 1 1 4 1
4000104622 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 5 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-01-28 14:12 Cleared 1 1 4 1
4000104622 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 5 xx/xx/xxxx Property Appraisal is Missing The file is missing the appraisal. The file is missing the appraisal.



Appraisal is done xx/xx/xxxx? - xx/xx/xxxx

 Appraisal 1004 form - xx/xx/xxxx

 Enclosed - xx/xx/xxxx

 Appraisal located in file.  Sales Price was reduced to $xxxxxx.  Appraised value is $xxxxxx.  Condition resolved. - xx/xx/xxxx
Appraisal is Present or is Waived - xx/xx/xxxx
Appraisal is done xx/xx/xxxx? - xx/xx/xxxx
Condition upheld. Appraisal was done xxxxxx which is after note/closing date xxxxxx. - xx/xx/xxxx
Appraisal 1004 form - xx/xx/xxxx
Appraisal is Present or is Waived - xx/xx/xxxx
Enclosed - xx/xx/xxxx
 2026-06-25 16:30 Resolved 4 1 4 1
4000104622 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 5 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product.

CDA - xx/xx/xxxx

 CDA - xx/xx/xxxx

 enclosed - xx/xx/xxxx

 CDA supporting origination value was provided. Condition resolved. - xx/xx/xxxx

CDA - xx/xx/xxxx

Condition upheld. CDA provided is not for subject address. - xx/xx/xxxx

CDA - xx/xx/xxxx

Condition upheld.  3rd Party Valuation was not provided. - xx/xx/xxxx

enclosed - xx/xx/xxxx

 2026-02-25 20:09 Resolved 3 1 4 1
4000104622 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 5 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-01-27 14:21 Cleared 1 1 4 1
4000104622 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 5 xx/xx/xxxx Credit DSCR does not meet Guidelines The subject DSCR does not meet guideline requirements. Lender to provide market rent and/or lease agreement missing from the loan file, unable to calculate DSCR.



Market rent schedule  - xx/xx/xxxx

 1007 provided.  DSCR is 1.00.  Condition resolved. - xx/xx/xxxx

Market rent schedule  - xx/xx/xxxx

 2026-02-13 17:30 Resolved 3 1 4 1
4000104668 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx PA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property No Property Findings Loan meets applicable appraisal guidelines.



2025-12-18 16:55 Cleared 1 1 1 1
4000104668 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx PA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-02-02 19:40 Cleared 1 1 1 1
4000104668 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx PA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2025-12-14 22:35 Cleared 1 1 1 1
4000104750 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx VT Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2025-12-26 16:49 Cleared 1 1 1 1
4000104750 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx VT Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2025-12-23 12:21 Cleared 1 1 1 1
4000104750 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx VT Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2025-12-23 02:18 Cleared 1 1 1 1
4000104939 xxxxx xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Credit Audited Reserves are less than Guideline Required Reserves (Number of Months) Audited reserves months are less than the guideline required reserve months. Audited reserves 4.41 months are less than the guideline required reserve 6 months. Condition upheld. A joint account between xxxxxx with a balance of $xxxxxx (not enough to cover shortage) and a statement forxxxxxx (not able to use) were provided. Borrower is still short verified reserves.


attached - xx/xx/xxxx

 Audited Reserves of  month(s) are greater than or equal to Guideline Required Reserves of  month(s) - xx/xx/xxxx

Audited Reserves of  month(s) are greater than or equal to Guideline Required Reserves of  month(s) - xx/xx/xxxx

attached - xx/xx/xxxx

 2026-01-09 16:47 Resolved 3 1 3 1
4000104939 xxxxx xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Compliance TRID: Closing Disclosure Deficiency Final CD is missing the payoff to ISA investments for $ xxxxxx. Lender to provide an updated post closing CD with the payoff reflected on it. 
attached - xx/xx/xxxx

 Received CD with payoff - xx/xx/xxxx

attached - xx/xx/xxxx

 2025-12-18 15:46 Resolved 3 1 3 1
4000104939 xxxxx xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2025-12-14 17:46 Cleared 1 1 3 1
4000105013 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx WV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-02-02 19:44 Cleared 1 1 3 1
4000105013 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx WV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. The loan file is missing the TPV. 



The xxxxxx SSR serves as the secondary valuation since the score is only 1.0. - xx/xx/xxxx
 xxxxxx CU with a score of 1 was provided.  Condition resolved. - xx/xx/xxxx
The xxxxxx SSR serves as the secondary valuation since the score is only 1.0. - xx/xx/xxxx
 2026-01-08 15:05 Resolved 3 1 3 1
4000105013 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx WV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-01-05 21:50 Cleared 1 1 3 1
4000109897 xxxxx xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-01-28 01:51 Cleared 1 1 1 1
4000109897 xxxxx xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-01-28 01:51 Cleared 1 1 1 1
4000109897 xxxxx xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-01-28 01:50 Cleared 1 1 1 1
4000110063 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-03-02 23:13 Cleared 1 1 1 1
4000110063 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-03-02 23:14 Cleared 1 1 1 1
4000110063 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



The loan meets all applicable credit guidelines. - xx/xx/xxxx

 2026-03-02 23:13 Cleared 1 1 1 1
4000110576 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-02-13 02:02 Cleared 1 1 3 1
4000110576 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Fraud Report Shows Uncleared Alerts Fraud Report shows uncleared alerts. Lender to provide updated Fraud report with cleared alerts.  The various high severity alerts on the xxxxxx were left uncleared.  Condition upheld. Original Fraud Report provided with HIGH Alerts not cleared. 





See attached cleared fraud report  - xx/xx/xxxx

 See attached Fraud report.  - xx/xx/xxxx

 Fraud Report and LOE were provided.  Condition resolved. - xx/xx/xxxx

All Fraud Report Alerts have been cleared or None Exist - xx/xx/xxxx

See attached cleared fraud report  - xx/xx/xxxx

Condition upheld. Original Fraud Report provided with HIGH Alerts not cleared. - xx/xx/xxxx

See attached Fraud report.  - xx/xx/xxxx

 2026-03-02 14:42 Resolved 3 1 3 1
4000110576 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-02-13 01:58 Cleared 1 1 3 1
4000110647 xxxxx xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-03-11 15:42 Cleared 1 1 1 1
4000110647 xxxxx xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-03-11 15:42 Cleared 1 1 1 1
4000110647 xxxxx xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-03-11 15:42 Cleared 1 1 1 1
4000111650 xxxxx xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-03-06 21:50 Cleared 1 1 3 1
4000111650 xxxxx xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report.

see attached  - xx/xx/xxxx

 Fraud Report provided.   - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-03-12 13:46 Resolved 3 1 3 1
4000111650 xxxxx xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-03-06 21:50 Cleared 1 1 3 1
4000112322 xx/xx/xxxx xxxxx xxxxx ID Second Home Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 7 xx/xx/xxxx Credit Audited DTI Exceeds Guideline DTI Audited DTI exceeds guideline DTI. The audited DTI of 77.06% exceeds the lender's guidelines of 55%.  The audited self-employment income using the xxxxxx tax return Schedule C for xxxxxx is -xxxxxx which does not match the lender's income of $xxxxxx.  The lender did not include an income worksheet to support their income of $xxxxxx.  Lender to re-visit and advise. 

Borrowers didn't file amend, we have CPA letter attache that was provide explaining the renovations as a one-time expense instead of depreciating them.  We added that back into their income as it was a one-time expense. Please revist this.  - xx/xx/xxxx

 See attached  - xx/xx/xxxx

 See attached  - xx/xx/xxxx

 Income Worksheet and LOE from CPA explaining Depletion was provided.  Condition resolved. - xx/xx/xxxx
Audited DTI of 43.6% is less than or equal to Guideline DTI of 55% - xx/xx/xxxx
Borrowers didn't file amend, we have CPA letter attache that was provide explaining the renovations as a one-time expense instead of depreciating them.  We added that back into their income as it was a one-time expense. Please revist this.  - xx/xx/xxxx
Condition upheld. Provide Amended xxxxxx returns for depletion. - xx/xx/xxxx
See attached  - xx/xx/xxxx
See attached  - xx/xx/xxxx
 2026-04-08 17:57 Resolved 3 1 4 1
4000112322 xx/xx/xxxx xxxxx xxxxx ID Second Home Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 7 xx/xx/xxxx Credit Borrower 1 YTD Profit & Loss Missing Borrower 1 YTD Profit & Loss missing. Missing YTD Profit & Loss for xxxxxx as required per the lender's guidelines for 1-Year Full doc.  The loan file contains thexxxxxx tax return with Schedule C and the subject loan closed on xx/xx/xxxx.  

See attached  - xx/xx/xxxx

 xxxxxx P&L was provided.  Condition resolved. - xx/xx/xxxx
Borrower 1 YTD Profit & Loss Provided - xx/xx/xxxx
See attached  - xx/xx/xxxx
 2026-05-05 18:02 Resolved 3 1 4 1
4000112322 xx/xx/xxxx xxxxx xxxxx ID Second Home Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 7 xx/xx/xxxx Compliance Missing evidence Mortgage/Deed of Trust will be recorded Missing evidence of Mortgage recording. Missing final CD to confirm a recording fee was charges



See attached  - xx/xx/xxxx

 Received final CD with recording fee charged - xx/xx/xxxx

See attached  - xx/xx/xxxx

 2026-03-06 16:08 Resolved 3 1 4 1
4000112322 xx/xx/xxxx xxxxx xxxxx ID Second Home Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 7 of 7 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-03-04 22:58 Cleared 1 1 4 1
4000112322 xx/xx/xxxx xxxxx xxxxx ID Second Home Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 7 xx/xx/xxxx Compliance TRID: Missing Final Closing Disclosure The loan file does not contain the Final Closing Disclosure. Missing Final Closing Disclosure. The loan file contains the Final CD for the borrower's primary residence but is missing the Final CD for the subject property at xxxxxx. 

See attached  - xx/xx/xxxx

 Received FCD and PCCD - xx/xx/xxxx

TRID: Final Closing Disclosure Provided - xx/xx/xxxx

See attached  - xx/xx/xxxx

 2026-03-06 15:26 Resolved 4 1 4 1
4000112322 xx/xx/xxxx xxxxx xxxxx ID Second Home Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 6 of 7 xx/xx/xxxx Compliance TRID: Missing Initial Closing Disclosure The loan file does not contain the initial Closing Disclosure.

See attached  - xx/xx/xxxx

 See attached  - xx/xx/xxxx

 Received CD and CIC - 0xx/xx/xxxx

See attached  - xx/xx/xxxx

Received FCD and a PCCD, both signed on xx/xx/xxxx, closing date.  Please provide evidence borrower recieved a CD at least 3 days prior to closing, and any applicable CIC's as the discount points increased on the FCD from the LE and a CIC for the increase is not in the file. - xx/xx/xxxx

See attached  - xx/xx/xxxx

 2026-03-10 17:31 Resolved 4 1 4 1
4000112322 xx/xx/xxxx xxxxx xxxxx ID Second Home Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 7 xx/xx/xxxx Credit Program Parameters - Residual Income The subject loan does not meet program parameters for residual income. The verified residual income does not meet residual income requirements per guidelines. The audited residual income of $xxxxxx does not meet the minimum required of $xxxxxx for a family of 3 as required for the program. 

See previous upload  - xx/xx/xxxx

 Income was re-calculated based on CPA Letter.  Condition resolved. - xx/xx/xxxx

Condition upheld.  See condition for amended returns. - xx/xx/xxxx

See previous upload  - xx/xx/xxxx

 2026-04-08 17:58 Resolved 3 1 4 1
4000113265 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NV Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 2 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-02-18 00:39 Cleared 1 1 3 1
4000113265 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NV Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 2 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-02-18 00:38 Cleared 1 1 3 1
4000113419 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 6 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-02-24 19:44 Cleared 1 1 4 1
4000113419 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 6 xx/xx/xxxx Property Loan Purpose is Purchase but Purchase Contract Doc is Missing Loan purpose is purchase and valuation type of purchase contract has not been selected. Provide all pages of fully executed contract to this transaction.



See attached Contract  - xx/xx/xxxx

 Sales Contract provided.  Condition resolved. - xx/xx/xxxx

Purchase Contract Doc is not Missing, or is Not Applicable. - xx/xx/xxxx

See attached Contract  - xx/xx/xxxx

 2026-02-27 19:25 Resolved 3 1 4 1
4000113419 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 6 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report. Missing third party fraud report showing no red flags for identity theft, undisclosed liabilities, or occupancy fraud.



See attached Fraud Report.  - xx/xx/xxxx

 Fraud Report provided.  Condition resolved. - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

See attached Fraud Report.  - xx/xx/xxxx

 2026-02-27 19:30 Resolved 3 1 4 1
4000113419 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 6 xx/xx/xxxx Credit OFAC Check Not Completed and/or Cleared OFAC check not completed and/or cleared. Evidence that all transaction parties were screened and cleared against the SDN (Specially Designated Nationals) list.



See attached Fraud Report  - xx/xx/xxxx

 OFAC Check Completed and Cleared - xx/xx/xxxx

See attached Fraud Report  - xx/xx/xxxx

 2026-02-27 19:31 Resolved 3 1 4 1
4000113419 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 6 xx/xx/xxxx Credit Other Credit Finding The file is missing the xxxxxx Lock Confirmation required to validate program eligibility and pricing for this transaction. 

See attached  - xx/xx/xxxx

 Investor Lock provided.  Condition resolved. - xx/xx/xxxx

See attached  - xx/xx/xxxx

 2026-02-27 19:32 Resolved 4 1 4 1
4000113419 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 6 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. The LCA report in the file did not return a score, missing a secondary valuation product to support the origination value.



See attached desk review  - xx/xx/xxxx

 CDA supporting value was provided. Condition resolved. - xx/xx/xxxx

See attached desk review  - xx/xx/xxxx

 2026-02-27 19:20 Resolved 3 1 4 1
4000114180 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-04-01 18:01 Cleared 1 1 3 1
4000114180 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Credit Flood Certificate Partially Provided Flood certificate is partially provided. The flood certification is improperly formatted, with the wording appearing reversed. A clear and legible copy of the flood certification is required.



flood cert attached - xx/xx/xxxx

 Flood Cert provided.  Condition resolved. - xx/xx/xxxx

Flood Certificate is fully present - xx/xx/xxxx

flood cert attached - xx/xx/xxxx

 2026-05-08 16:56 Resolved 3 1 3 1
4000114180 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-04-01 18:03 Cleared 1 1 3 1
4000114180 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit Calculated DSCR does not meet the Minimum DSCR allowed The Calculated DSCR of 'xxxxxx' is less than the minimum required DSCR of'1'. Lender and xxxxxx Lock approved with DSCR of 1. The lender's calc shows a DSCR of .xxxxxx using higher PI due to higher I/R of xxxxxx% vs the actual I/R of xxxxxx%. the DSCR is .xxxxxx using rents of $xxxxxx and PITI of $xxxxxx. PITI per CD is $xxxxxx/ market rent of $xxxxxx for DSCR OF .xxxxxx.

See attached lock confirm - xx/xx/xxxx

 Updated Lock was provided showing DSCR as 0.997 with a No Ratio offset.  Condition resolved. - xx/xx/xxxx

The Calculated DSCR is equal to or greater than the minimum required DSCR, or Not Applicable - xx/xx/xxxx

See attached lock confirm - xx/xx/xxxx

 2026-05-08 17:00 Resolved 3 1 3 1
4000115275 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 7 of 7 xx/xx/xxxx Credit DSCR does not meet Guidelines The subject DSCR does not meet guideline requirements. The loan was approved using the higher rent reflected on the lease instead of the lower rent reflected on the 1007. Per guidelines, the gross income will be calculated using the lower of the A) executed lease agreement or B) market rent from applicable appraisal. If executed lease agreement reflects a higher monthly rent than Appraisal, it may be used in the calculation with sufficient evidence of receipt. Three (3) most recent, consecutive months should be provided. The cashier's check showing the security deposit and first month's rent is in file, but 3 consecutive months of bank statements have not been provided.  A formal agreement is located in the loan file. 



lease - xx/xx/xxxx

 Document Uploaded. Approved Exception provided for the use of Lease Amount after the renovation on a Vacant property purchased xx/xx/xxxx. - xx/xx/xxxx
lease - xx/xx/xxxx
Condition to allow the use of rent from lease on vacant property purchased xx/xx/xxxx and DSCR of xxxxxx is upheld.  The provided Approved Exception states it is Approved with no other exceptions allowed.  There was another exception provided for paying delinquent taxes at closing, which also states no other exceptions allowed.  A new Approved exception for both issues will need to be provided.   - xx/xx/xxxx
 DSCR R/T Refinance Transaction at xxxxxx% LTV, xxxxxx FICO, xxxxxx DSCR ratio and 13 months reserves.   2026-05-12 16:18 Waived 2 2 4 2
4000115275 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 7 xx/xx/xxxx Credit Program Parameters - Guidelines Conformity The subject loan does not conform to program guidelines. The loan file includes the preliminary title commitment and tax certificate indicating that the xxxxxx property taxes due xx/xx/xxxx are delinquent in the amount of $xxxxxx. Per guidelines, if subject property taxes are delinquent by more than one year from the note date, the loan may be considered on a case-by-case basis and requires investor exception approval. Evidence of such approval is not included in the loan file.

excetion - xx/xx/xxxx

 exception - xx/xx/xxxx

 tax letter - xx/xx/xxxx

 Document Uploaded.  - xx/xx/xxxx

Approved Exception provided to allow delinquent taxes to be paid at closing. - xx/xx/xxxx

Condition to allow delinquent taxes to be paid at closing is being upheld.  The provided Approved Exception states as a condition that no other exceptions are allowed.  The loan file contains another Approved Exception for Vacant property allowing the use of rent from lease and DSCR which also states no other exceptions allowed.  A new Approved Exception for both issues will need to be provided. - xx/xx/xxxx

excetion - xx/xx/xxxx

Approved Exception from xxxxxx to be requested through the Portal and provided.   - xx/xx/xxxx

exception - xx/xx/xxxx

Document Uploaded. Condition upheld.  Per the attached guidelines the provided LOE from Borrower does not suffice.  An Approved Exception will be required.  (see attached) - xx/xx/xxxx

tax letter - xx/xx/xxxx

 DSCR R/T Refinance Transaction at xxxxxx% LTV, xxxxxx FICO, xxxxxx DSCR ratio and 13 months reserves.   2026-05-12 16:10 Waived 3 2 4 2
4000115275 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 7 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU with a risk score of 3.0 and LCA with no score and CDA with CDA Value of $xxxxxx with a 0.00% variance to the appraisal value which meets the lender's guidelines. 



2026-03-19 21:59 Cleared 1 1 4 2
4000115275 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 7 xx/xx/xxxx Compliance The Deed of Trust is Missing The Deed of Trust is missing.

Document Uploaded.  - xx/xx/xxxx

 The Deed of Trust has been provided. - xx/xx/xxxx

Received rider - xx/xx/xxxx

Document Uploaded.  - xx/xx/xxxx

 2026-04-07 15:42 Resolved 4 1 4 2
4000115275 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 7 xx/xx/xxxx Compliance 1-4 Family Rider is Missing The file is missing the 1-4 Family Rider. Please provide the 1-4 Family Rider or the Assignment of Rents. 



Document Uploaded.  - xx/xx/xxxx
 received complete DOT and rider - xx/xx/xxxx

Document Uploaded.  - xx/xx/xxxx

 2026-04-07 15:39 Resolved 3 1 4 2
4000115275 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 7 xx/xx/xxxx Credit Credit Documentation - Letter of Explanation The loan file did not contain a letter of explanation as required. The borrower's credit report dated xx/xx/xxxx verifies a Fraud Victim alert; however, the loan file does not contain a letter of explanation or processor's certification addressing/clearing the alert with the borrower. 



processor cert concerning fraud alert xxxxxx - xx/xx/xxxx
 Evidence Processor contacted Borrower about Fraud Alert on CR was provided.  Condition resolved. - xx/xx/xxxx
processor cert concerning fraud alert xxxx - xx/xx/xxxx
 2026-04-29 14:39 Resolved 3 1 4 2
4000115275 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 7 xx/xx/xxxx Credit Corporation/LLC: Certificate of Good Standing Doc is Missing The loan file does not contain the Corporation/LLC: Certificate of Good Standing. Please provide the Certificate of Good Standing for xxxxxx

 good stand - xx/xx/xxxx

 Certificate of Good Standing was provided.  Condition resolved. - xx/xx/xxxx

good stand - xx/xx/xxxx

 2026-04-29 14:31 Resolved 3 1 4 2
4000115913 xx/xx/xxxx xxxxx xxxxx TN Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 7 xx/xx/xxxx Credit Housing History Does Not Meet Guideline Requirements Housing history does not meet guideline requirements. Evidence of twelve months of on-time payments for the primary residence is missing. The commercial HELOC statement only reflects a balance of $xxxxxx on the $xxxxxx credit line and shows the payment status as current as of xx/xx/xxxx. Additionally, the Fraud Report indicates the HELOC was established on xx/xx/xxxx, which does not support a full twelve-month payment history.

loc pay - xx/xx/xxxx

 Pay history provided.  Condition resolved. - xx/xx/xxxx

Housing history meets guideline requirements. - xx/xx/xxxx

loc pay - xx/xx/xxxx

 2026-03-30 20:39 Resolved 3 1 4 1
4000115913 xx/xx/xxxx xxxxx xxxxx TN Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 7 of 7 xx/xx/xxxx Credit Missing Lease Agreement Per the appraisal, the subject property is tenant occupied, but the lease agreement has not been provided, Please provide a ccpy of the lease agreement.

lease agreement - xx/xx/xxxx

 Lease Agreement provided.  Condition resolved. - xx/xx/xxxx

lease agreement - xx/xx/xxxx

 2026-05-07 21:05 Resolved 3 1 4 1
4000115913 xx/xx/xxxx xxxxx xxxxx TN Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 7 xx/xx/xxxx Credit Property Title Issue Property title issue. Per the title commitment, a Quitclaim Deed to remove xxxxxx from title is required. Missing the  Quitclaim Deed to remove xxxxxx.

qcd - xx/xx/xxxx

 QCD provided.  Condition resolved. - xx/xx/xxxx

Property Title Issue Resolved - xx/xx/xxxx

qcd - xx/xx/xxxx

 2026-03-30 20:36 Resolved 3 1 4 1
4000115913 xx/xx/xxxx xxxxx xxxxx TN Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 7 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - 0xx/xx/xxxx

 2026-03-10 18:02 Cleared 1 1 4 1
4000115913 xx/xx/xxxx xxxxx xxxxx TN Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 7 xx/xx/xxxx Compliance The Deed of Trust is Missing The Deed of Trust is missing. The Deed of Trust and it's applicable riders are missing.



RIDERS - xx/xx/xxxx

 The Deed of Trust has been provided. - xx/xx/xxxx

Received recorded DOT with all riders - xx/xx/xxxx

RIDERS - xx/xx/xxxx

 2026-03-12 15:58 Resolved 4 1 4 1
4000115913 xx/xx/xxxx xxxxx xxxxx TN Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 7 xx/xx/xxxx Compliance 1-4 Family Rider is Missing The file is missing the 1-4 Family Rider. Please provide the 1-4 Family Rider or the Assignment of Rents



DEED WITH RIDER - xx/xx/xxxx

 Received recorded DOT with all riders - xx/xx/xxxx

DEED WITH RIDER - xx/xx/xxxx

 2026-03-12 15:53 Resolved 3 1 4 1
4000115913 xx/xx/xxxx xxxxx xxxxx TN Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 7 xx/xx/xxxx Credit Verification Documentation - Expired The following loan documents were expired at the time of closing. The identification provided for B1 expired 3/2/2025. The patriot information form does not include an ID with an image was used to validate B1. 



id - xx/xx/xxxx

 ID provided.  Condition resolved. - xx/xx/xxxx

id - xx/xx/xxxx

 2026-03-30 20:33 Resolved 2 1 4 1
4000115992 xxxxx xx/xx/xxxx xxxxx xxxxx TN Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 2 xx/xx/xxxx Credit Property Title Issue Property title issue. The loan was closed in the Borrower's name; however, the title shows it is vested in a trust. Need verification of the title vesting to match the loan documents. 



quitclaim - xx/xx/xxxx

 Quit Claim Deed at closing was provided.  Condition resolved. - xx/xx/xxxx

Property Title Issue Resolved - xx/xx/xxxx

quitclaim - xx/xx/xxxx

 2026-03-18 16:26 Resolved 3 1 4 1
4000115992 xxxxx xx/xx/xxxx xxxxx xxxxx TN Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 2 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 

2026-03-13 16:56 Cleared 1 1 4 1
4000116222 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 7 xx/xx/xxxx Credit Program Parameters - Guidelines Conformity The subject loan does not conform to program guidelines. A PTIN is verifying self-employment income.  A formal exception is in file.





The exception was approved due to good credit, no mortgage lates, excellent DTI, self-employed 15 years, and low LTV. 2026-03-06 22:56 Waived 2 2 3 2
4000116222 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 7 of 7 xx/xx/xxxx Credit Audited Reserves are less than Guideline Required Reserves (Number of Months) Audited reserves months are less than the guideline required reserve months.

• Updated 1003 attached confirms the borrower had assets available of $xxxxxx at closing and disclosing the accurate amount of gifted funds
• $xxxxxx – funds wired to closing of $xxxxxx = $xxxxxx available
• $xxxxxx / PITI $xxxxxx = 6.6 months reserves remaining


**Please note: the gift of $xxxxxx was the EMD wired to the closing agent prior to closing. All other gifts totaling $xxxxxx were included in the balance of $xxxxxx. Borrower contributed >10% of his own funds towards the transaction and all remaining borrower funds are the reserves**

 - xx/xx/xxxx
 Audited Reserves of  month(s) are greater than or equal to Guideline Required Reserves of  month(s) - xx/xx/xxxx
The gift wire of $xxxxxx was wired to the sellers Attorney and verified by the same.  Provide evidence Seller xxxxxx received the $xxxxxx in wired funds, and provide a Post-Closing CD showing these adjustments and credits. It should further be noted that the xxxxxx Print-out dated xxxxxx had a balance of $xxxxxx. On xxxxxx Borrower wired $xxxxxx to seller therefore leaving $xxxxxx in that account for reserves/closing costs. - xx/xx/xxxx
Condition upheld.  Wire Transfer provided shows $xxxxxx wired directly to xxxxxx (Seller) not to Title.  Final CD in file shows funds to close from Borrower $xxxxxx. The Gift wire of $xxxxxx was wired to xxxxxx Law Offices.  Per the Final CD, the Settlement Agent is xxxxxx.  Please provide an explanation of who xxxxxx Law Offices are and why funds were wired to them.  Provide evidence Seller xxxxxx received the $xxxxxx in wired funds, and provide a Post-Closing CD showing these adjustments and credits.  It should further be noted that the xxxxxx Print-out dated xxxxxx had a balance of $xxxxxx. On xxxxxx Borrower wired $xxxxxx to seller therefore leaving $xxxxxx in that account for reserves/closing costs. - xx/xx/xxxx
• Updated 1003 attached confirms the borrower had assets available of $xxxxxx at closing and disclosing the accurate amount of gifted funds
• $xxxxxx – funds wired to closing of $xxxxxx = $xxxxxx available
• $xxxxxx / PITI $xxxxxx = 6.6 months reserves remaining


**Please note: the gift of $xxxxxx was the EMD wired to the closing agent prior to closing. All other gifts totaling $xxxxxx were included in the balance of $xxxxxx. Borrower contributed >10% of his own funds towards the transaction and all remaining borrower funds are the reserves**

 - xx/xx/xxxx
 2026-05-07 20:39 Resolved 3 1 3 2
4000116222 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 7 xx/xx/xxxx Credit Borrower 1 Executed 4506-T Missing Borrower 1 Executed 4506-T missing from the file.

Not Applicable- this is an alt doc 12 month bank statement loan- 4506 is not required - xx/xx/xxxx

 4506 is not required due to income type, condition resolved.  - xx/xx/xxxx

Not Applicable- this is an alt doc 12 month bank statement loan- 4506 is not required - xx/xx/xxxx

 2026-03-31 18:46 Resolved 3 1 3 2
4000116222 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 7 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-03-06 22:06 Cleared 1 1 3 2
4000116222 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 7 xx/xx/xxxx Credit Hazard Insurance Policy is Missing Missing hazard insurance policy. The xxxxxx Rental Dwelling Information was provided via an Application/Applicant Acknowledgement. Please provide the corresponding Rental Dwelling Declarations.  



Dec Page attached - xx/xx/xxxx

 HOI Policy provided.  Condition resolved. - xx/xx/xxxx

Hazard Insurance Policy was provided. - xx/xx/xxxx

Dec Page attached - xx/xx/xxxx

 2026-04-01 13:17 Resolved 3 1 3 2
4000116222 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 7 xx/xx/xxxx Credit Assets - Authorization Access for Joint Account The file does not contain authorization access for funds from joint account holder. Lender to provide Business Funds access letter from xxxxxx  co owner.

Condition is not applicable- The borrower did not utilize any assets from the business account for closing or reserves. All funds came from the borrowers personal account with xxxxxx acct #xxxxxx as confirmed by the final 1003. Asked for finding to be disputed. - xx/xx/xxxx
 Borrower has supplied sufficient funds
 - xx/xx/xxxx
Borrower has supplied sufficient funds  - xx/xx/xxxx
Condition is not applicable- The borrower did not utilize any assets from the business account for closing or reserves. All funds came from the borrowers personal account with xxxxxx acct #xxxxxx as confirmed by the final 1003. Asked for finding to be disputed. - xx/xx/xxxx
 2026-04-08 20:19 Resolved 3 1 3 2
4000116222 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 7 xx/xx/xxxx Credit Purchase Contract - Addendum Missing The Purchase Contract Addendum is missing. Section #15 of the Purchase Contract states that closing is to occur “on or about 60 days after delivery of a fully executed contract to the Purchaser’s attorney.” With a contract date of xx/xx/xxxx, the expected closing date was approximately xx/xx/xxxx. The actual closing occurred on xx/xx/xxxx. Please provide the contract addendum or amendment authorizing the extended closing date.
 



 Addendum extending closing date attached.  - xx/xx/xxxx

 Addendum provided.  Condition resolved. - xx/xx/xxxx

Addendum extending closing date attached.  - xx/xx/xxxx

 2026-04-23 18:19 Resolved 2 1 3 2
4000116335 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-22 21:51 Cleared 1 1 4 1
4000116335 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-22 21:50 Cleared 1 1 4 1
4000116335 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Business Purpose - Loan Guaranty/Missing The Personal Loan Guaranty is missing. The Personal Loan Guaranty is missing



We are being conditioned for a Guaranty Agreement, however HB does not require a separate “Guarantor Agreement” as we have the applicable docs executed by the borrower as both “Member” of the LLC and as “Borrower” to the loan, essentially establishing the guaranty. - xx/xx/xxxx

 Condition set in error.  Borrower signed the Note as an Individual and as a Member.   - xx/xx/xxxx

The Personal Loan Guaranty is not missing. - xx/xx/xxxx

We are being conditioned for a Guaranty Agreement, however HB does not require a separate “Guarantor Agreement” as we have the applicable docs executed by the borrower as both “Member” of the LLC and as “Borrower” to the loan, essentially establishing the guaranty. - xx/xx/xxxx

 2026-05-14 15:57 Resolved 4 1 4 1
4000116406 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 4 xx/xx/xxxx Compliance TRID: Closing Disclosure Deficiency Initial Closing Disclosure dated xxxxxx shows a closing date of xx/xx/xxxx instead of xx/xx/xxxx.
The closing date on the actual CD sent to the client shows xx/xx/xxxx - there was an issue when the document was downloaded from our system.  - xx/xx/xxxx

 Received e-signed disclosure with the correct date - xx/xx/xxxx

The closing date on the actual CD sent to the client shows xx/xx/xxxx - there was an issue when the document was downloaded from our system.  - xx/xx/xxxx

 2026-04-10 15:31 Resolved 3 1 3 1
4000116406 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-09 19:26 Cleared 1 1 3 1
4000116406 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 4 xx/xx/xxxx Credit Program Parameters - Guidelines Conformity The subject loan does not conform to program guidelines. Lender to explain what program this loan is being used under. The 1008 in file states loan is AUS (DU) Approved. The xxxxxx in file states the Program is xxxxxx - No PP. The Investor (xxxxxx) Lock dated xx/xx/xxxx states xxxxxx .
Please provide Final 1008, AUS (if using), Investor (xxxxxx) Lock, and evidence of reserves to meet what program being used.  As the file stands now being locked to xxxxxx , Guidelines require 9 months for the subject and 2 months for both financed REO's the Borrower owns, which Borrower does not have verified. 
Updated 1008 - xx/xx/xxxx

 Corrected 1008 provided showing loan is not Agency.  Condition resolved. - xx/xx/xxxx

Updated 1008 - xx/xx/xxxx

 2026-04-15 17:53 Resolved 3 1 3 1
4000116406 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 4 xx/xx/xxxx Credit Cash reserves less than required by guidelines Total Cash reserves of '$xxxxxx' are less than $0. Missing evidence of sufficient required reserves. Total Cash reserves of '$xxxxxx' are less than $0.


retirement account  - xx/xx/xxxx
 bank statement showing reserves  - xx/xx/xxxx
 Borrower sold a property and used the funds from the sale of the for the cash to close. They had $xxxxxx available, which mean the remaining amount of $xxxxxx were plenty of reserves.  - xx/xx/xxxx
 Additional Assets provided.  Condition resolved. - xx/xx/xxxx
Total Cash reserves are greater than $0. - xx/xx/xxxx
retirement account  - xx/xx/xxxx
Total Cash reserves of '$xxxxxx' are less than $0. - xx/xx/xxxx
Total Cash reserves of '$xxxxxx' are less than $0. Condition upheld.  Verified assets of $xxxxxx.   Cash to close $xxxxxx Per Guidelines 9 months reserves required for subject $xxxxxx, 2 months for both REO's $xxxxxx.   Borrower is short verified funds to close/reserves in the amount of -$xxxxxx. - xx/xx/xxxx
bank statement showing reserves  - xx/xx/xxxx
Condition on hold.  See additional condition added.  - xx/xx/xxxx
Borrower sold a property and used the funds from the sale of the for the cash to close. They had $xxxxxx available, which mean the remaining amount of $xxxxxx were plenty of reserves.  - xx/xx/xxxx
 2026-04-17 13:21 Resolved 3 1 3 1
4000116726 xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-03-13 21:15 Cleared 1 1 3 1
4000116726 xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance Missing evidence of rate lock Missing evidence of Rate Lock. Lender to provide Evidence of Rate lock and the most recent xxxxxx Lock confirmation between xxxxxx and xxxxxx



lock - xx/xx/xxxx

 Investor Rate Lock provided.  Condition resolved. - xx/xx/xxxx

lock - xx/xx/xxxx

 2026-03-18 15:04 Resolved 3 1 3 1
4000116726 xxxxx xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-03-13 21:15 Cleared 1 1 3 1
4000116814 xx/xx/xxxx xxxxx xxxxx NV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Compliance Missing evidence of rate lock Missing evidence of Rate Lock.  Missing the xxxxxx xxxxxx/Synergy One Rate Lock agreement



Lock - xx/xx/xxxx

 Investor Rate Lock provided.  Condition resolved. - xx/xx/xxxx

Lock - xx/xx/xxxx

 2026-03-19 13:41 Resolved 3 1 3 1
4000116814 xx/xx/xxxx xxxxx xxxxx NV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit Condo - Master Policy Insufficient The master hazard insurance policy verified total coverage which was not sufficient to cover total required coverage. The condominium project’s Master Insurance Policy expires on xx/xx/xxxx, which is within 30 days of the loan closing date. Please provide the updated, renewed, or extended Master Policy, as the current policy documentation is missing from the loan file.



Master Insurance - xx/xx/xxxx

 Updated Master policy provided.  Condition resolved. - xx/xx/xxxx

Master Insurance - xx/xx/xxxx

 2026-04-06 16:20 Resolved 3 1 3 1
4000116814 xx/xx/xxxx xxxxx xxxxx NV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Credit Purchase Contract - Addendum Missing The Purchase Contract Addendum is missing. xxxxxx: Missing the P/S addendum showing the subject is being purchased by a trust. xxxxxx, The xxxxxx Trust dated xxxxxx, as Amended and Restated xxxxxx

 Addendum - xx/xx/xxxx

 Addendum provided.  Condition resolved. - xx/xx/xxxx

Addendum - xx/xx/xxxx

 2026-04-06 16:21 Resolved 2 1 3 1
4000116814 xx/xx/xxxx xxxxx xxxxx NV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Property Appraisal - Miscellaneous The subject appraisal reflected issues. The appraisal indicates the condominium project contains 40 units, while the condominium questionnaire and the master insurance policy reflect a total of 42 units. Please provide a revised appraisal correcting the unit count, along with a Letter of Explanation (LOE) from the appraiser addressing the discrepancy.



Revised appraisal - xx/xx/xxxx

 Corrected Appraisal provided.  Condition resolved. - xx/xx/xxxx

Revised appraisal - xx/xx/xxxx

 2026-03-27 18:20 Resolved 3 1 3 1
4000117129 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Credit Income and Employment Do Not Meet Guidelines Income and employment do not meet guidelines. Missing statements to meet guidelines
Per guidelines-Asset Depletion Alt-Doc: Asset Depletion (6 months Asset Statements)
Alt-Doc : Asset Depletion Requirements and Documentation
• Statements covering the most recent 6 months are required for each asset used in qualifying. Quarterly statements covering the most recent two quarters are acceptable.



statement - xx/xx/xxxx

 I have been asked for clarification what dates you need concerning the condition. please advise - xx/xx/xxxx

 bank - xx/xx/xxxx

 Additional statements were provided.  Condition resolved. - xx/xx/xxxx

Income and Employment Meet Guidelines - xx/xx/xxxx

statement - xx/xx/xxxx

Provide the most recent 4 months of asset statements as required by guidelines.  the most recent 4 months statements from Note date. - xx/xx/xxxx

I have been asked for clarification what dates you need concerning the condition. please advise - xx/xx/xxxx

Condition upheld.  Per Guidelines: Assets used for qualifying must be seasoned for one hundred twenty (120) days.  Note Date is xx/xx/xxxx and Loan disbursed on xx/xx/xxxx.  xxxxxx Statements are all dated xx/xx/xxxx to xx/xx/xxxx.  Provide most recent 120 days of statements per guidelines.   - xx/xx/xxxx

bank - xx/xx/xxxx

 2026-06-01 18:02 Resolved 3 1 4 1
4000117129 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-01 20:36 Cleared 1 1 4 1
4000117129 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Compliance TRID: Missing Initial Closing Disclosure The loan file does not contain the initial Closing Disclosure. The Initial Closing Disclosure is missing.



icd - xx/xx/xxxx

 Received ICD - xx/xx/xxxx

icd - xx/xx/xxxx

 2026-04-28 16:55 Resolved 4 1 4 1
4000117280 xxxxx xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 4 xx/xx/xxxx Credit Program Parameters - Guidelines Conformity The subject loan does not conform to program guidelines. Borrowers 3 and 4 are Non-Occupying Co-Borrowers. Per guidelines, Non-Occupying Co-Borrowers may not have an interest in the property sales transaction. However, both Borrower 3 and Borrower 4 are listed on the sales contract addendum, and the Earnest Money Deposit was paid by Borrower 3.



EXCEPTION  - xx/xx/xxxx

 Exception provided for:  Non occupant coborrower max DTI is 43% - please review for DTI exception. Also please confirm non occupant borrowers are acceptable they currently reside in and will continue to reside in primary home borrowers are departing rent free. (relationship child)
 - xx/xx/xxxx

EXCEPTION  - xx/xx/xxxx

 FICO xxxxxx, borrowers have owned businesses for over 5 years, 10k in residual income.
 2026-03-11 14:10 Waived 3 2 3 2
4000117280 xxxxx xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 4 xx/xx/xxxx Compliance Missing Power of Attorney Please provide the power of attorney authorizing xxxxxx to act on behalf of xxxxxx. 
poa  - xx/xx/xxxx

 POA Provided.   - xx/xx/xxxx

poa  - xx/xx/xxxx

 2026-03-11 14:00 Resolved 3 1 3 2
4000117280 xxxxx xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-03-04 18:33 Cleared 1 1 3 2
4000117280 xxxxx xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 4 xx/xx/xxxx Credit Income - Employment Gaps The loan file verified employment gaps without sufficient explanation provided. Borrower 4, xxxxxx, began employment with xxxxxx in xxxxxx. A Verification of Employment (VOE) from the previous employer, xxxxxx, is missing from the loan file verifying dates of employment. If there was a gap of employment greater than 30 days, a letter of explanation is required.

 

 VVOE xxxxxx  - xx/xx/xxxx
 Work Number for xxxxxx Provided. - xx/xx/xxxx
VVOE xxxxxx  - xx/xx/xxxx
 2026-03-11 14:04 Resolved 3 1 3 2
4000117591 xx/xx/xxxx xxxxx xxxxx AZ Second Home Refinance Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 5 xx/xx/xxxx Credit Income 1 Income Trend is Decreasing Income 1 income trend is decreasing. Missing an LOE for the declining income for xxxxxx. Decline 12% xxxxxx to xxxxxx.

LOE provided regarding declining income.  - xx/xx/xxxx

 UW condition response - xx/xx/xxxx

 Income 1 Income Trend is Resolved - xx/xx/xxxx

LOE provided regarding declining income.  - xx/xx/xxxx

UW condition response - xx/xx/xxxx

 2026-05-04 17:47 Resolved 3 1 3 1
4000117591 xx/xx/xxxx xxxxx xxxxx AZ Second Home Refinance Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 5 xx/xx/xxxx Credit Borrower 1 3rd Party VOE Prior to Close Missing Missing the business license, CPA Letter/attestation, and/or website to be used for Verification of Existence/Business forxxxxxx & the passthru company xxxxxx (xxxxxx has 50% ownership of this pass thru entity xxxxxx - income used for qualifying). The CPA letter provided for the P&L does not match the CPA, nor company used for the 24 months business nor Federal Tax Returns, nor speaks to how long in business and currently active. Borrower 1 3rd party VOE prior to close missing. CPA letter provided, VOE


xxxxxx - xx/xx/xxxx
 Borrower 1 3rd Party VOE prior to close was provided. - xx/xx/xxxx
xxxxxx- xx/xx/xxxx
 2026-05-04 17:47 Resolved 3 1 3 1
4000117591 xx/xx/xxxx xxxxx xxxxx AZ Second Home Refinance Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-10 23:12 Cleared 1 1 3 1
4000117591 xx/xx/xxxx xxxxx xxxxx AZ Second Home Refinance Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 5 xx/xx/xxxx Compliance Lender Credits That Cannot Decrease Test (50001262) The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($xxxxxx). The Last CD shows a total lender credit amount of ($xxxxxx). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). The Lender Credit decreased from $xxxxxx to $xxxxxx

 COC CD - xx/xx/xxxx

 Received CIC for the decreased lender credit - xx/xx/xxxx

COC CD - xx/xx/xxxx

 2026-04-22 18:18 Resolved 3 1 3 1
4000117591 xx/xx/xxxx xxxxx xxxxx AZ Second Home Refinance Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 5 of 5 xx/xx/xxxx Compliance Lender Credits That Cannot Decrease Test (Fees-Limited) The baseline amount of non-specific (lump sum) lender credits and specific lender credits is ($xxxxxx). The actual total fee amount shows a credit amount of ($xxxxxx). The following actual fees submitted as "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure. (12 CFR 1026.19e)(3) and comments 19(e)(3)-5 and -6; 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)).
The following condition was cleared : Lender Credits That Cannot Decrease Test (50001262) -- Received CIC for the decreased lender credit

Can this condition be cleared as well? - xx/xx/xxxx

 Finding opened in error.  Received CIC for the decreased lender credit.   - xx/xx/xxxx

The following condition was cleared : Lender Credits That Cannot Decrease Test (50001262) -- Received CIC for the decreased lender credit

Can this condition be cleared as well? - xx/xx/xxxx

 2026-04-29 16:11 Resolved 1 1 3 1
4000117670 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 4 xx/xx/xxxx Compliance Missing Deed of Trust Riders Missing Trust Rider.  The subject loan is vested in xxxxxx; however, the Deed of Trust does not indicate a Trust Rider was obtained nor does the loan file does not contain a Trust Rider.  The loan file contains an Attorney Opinion Regarding the Trust Authority and a copy of the Trust.  Lender to re-visit and confirm a Trust Rider is not required. 
Fullyexecuted docs - xx/xx/xxxx

 Corrected DOT and Note Addendum provided.  Condition resolved. - xx/xx/xxxx

Fullyexecuted docs - xx/xx/xxxx

 2026-04-21 21:16 Resolved 3 1 4 1
4000117670 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU with a risk score of 2.5 or less and a CDA with a Low Risk and CDA to Appraisal Value within 0.00% and meets the lender's guidelines. 





2026-03-19 18:14 Cleared 1 1 4 1
4000117670 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 4 xx/xx/xxxx Compliance TRID: Missing Initial Closing Disclosure The loan file does not contain the initial Closing Disclosure. Initial Closing Disclosure issued xx/xx/xxxx per lender's Mavent Compliance Report in file was not provided



CD_tracking - xx/xx/xxxx

 Received ICD - xx/xx/xxxx

CD_tracking - xx/xx/xxxx

 2026-05-04 15:29 Resolved 4 1 4 1
4000117670 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-03-19 18:14 Cleared 1 1 4 1
4000117820 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. Lender to provide a 3rd party valuation to support the appraised value of the property. xxxxxx score is 2.5 which suggests that there is high potential for the subject property to be overvalued. 

cda - xx/xx/xxxx

 CDA supporting value was provided.  Condition resolved. - xx/xx/xxxx

cda - xx/xx/xxxx

 Lender to provide a 3rd party valuation to support the appraised value of the property. xxxxxx UCDP score is 2.5 which suggests that there is high potential for the subject property to be overvalued.  2026-04-30 19:40 Resolved 3 1 3 1
4000117820 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-03-20 16:52 Cleared 1 1 3 1
4000117820 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Title Coverage is Less than Subject Lien(s) Total Title coverage is less than total amount of subject lien(s). Lender to provide the final title policy with a loan amount of $xxxxxx,

Alta policy provided - xx/xx/xxxx

 title - xx/xx/xxxx

 Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xx/xx/xxxx
Alta policy provided - xx/xx/xxxx
title - xx/xx/xxxx
 2026-04-28 19:22 Resolved 3 1 3 1
4000117872 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Missing letter of explanation Could not locate in file
A Letter of Explanation (LOE) by the Borrower / Guarantor is required to detail relevant real estate experience

Borrower owns 2 investment properties and present home address. Subject has been owned since xx/xx/xxxx. Attached are past and present leases for the subject. This is more than sufficient to prove the borrower has relevant real estate investor experience. A letter  has never been requested with documented experience. Should not be required - xx/xx/xxxx

 Lender clarification provided and loan meets requirements.  Condition resolved. - xx/xx/xxxx

Condition upheld. Per Guidelines: A Letter of Explanation (LOE) by the Borrower / Guarantor is required to detail relevant real estate experience. Letter is required. - xx/xx/xxxx

Borrower owns 2 investment properties and present home address. Subject has been owned since xx/xx/xxxx. Attached are past and present leases for the subject. This is more than sufficient to prove the borrower has relevant real estate investor experience. A letter  has never been requested with documented experience. Should not be required - xx/xx/xxxx

 2026-05-13 18:03 Resolved 3 1 3 1
4000117872 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
 - xx/xx/xxxx

 2026-05-08 13:24 Cleared 1 1 3 1
4000117872 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 16:31 Cleared 1 1 3 1
4000118317 xxxxx xx/xx/xxxx xxxxx xxxxx VA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 6 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-03-06 19:04 Cleared 1 1 3 1
4000118317 xxxxx xx/xx/xxxx xxxxx xxxxx VA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 6 xx/xx/xxxx Credit Master Policy Expiration Date is Prior To the Transaction Date Master Policy expiration date is prior to the transaction date. The Condo master policy has an expiration date of xx/xx/xxxx, which is prior to the closing date of xx/xx/xxxx. Please provide the updated master policy.



master insurance  - xx/xx/xxxx

 Renewal policy provided. Condition resolved. - xx/xx/xxxx

Master Policy Expiration Date of xx/xx/xxxx is Equal to or After the Transaction Date of xx/xx/xxxx Or Master Policy Expiration Date Is Not Provided - xx/xx/xxxx

master insurance  - xx/xx/xxxx

 2026-03-18 20:43 Resolved 3 1 3 1
4000118317 xxxxx xx/xx/xxxx xxxxx xxxxx VA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 6 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-03-06 19:05 Cleared 1 1 3 1
4000118317 xxxxx xx/xx/xxxx xxxxx xxxxx VA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 6 xx/xx/xxxx Credit Calculated DSCR does not meet the Minimum DSCR allowed The Calculated DSCR of '0.763' is less than the minimum required DSCR of'1'. The loan was submitted with a minimum DSCR score of 1.00 and showing the loan had a score of 1.01. It appears that the condo association monthly fee was not added to the payment when the initial payment calculation was submitted. When the monthly condo fee of $xxxxxx is added to the payment then the score goes to .xxxxxx, which does not qualify the way the loan was submitted.

UPDATED LOCK CONFIRMATION  - xx/xx/xxxx

 Loan was re-locked at DSCR 0.75-0.99.  Condition resolved. - xx/xx/xxxx

The Calculated DSCR is equal to or greater than the minimum required DSCR, or Not Applicable - xx/xx/xxxx

UPDATED LOCK CONFIRMATION  - xx/xx/xxxx

 2026-07-15 20:48 Resolved 3 1 3 1
4000118317 xxxxx xx/xx/xxxx xxxxx xxxxx VA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 6 xx/xx/xxxx Credit Condo - Documentation The loan file did not contain required condo documentation (ie. Master HOI, Condo Questionnaire, Condo Budget, Project Review). The xxxxxx Condo or xxxxxx approval document could not be found in the loan documents.

THIS WAS DONE AS A LIMITED REVIEW.  - xx/xx/xxxx

 Limited Review was performed.  Condition resolved. - xx/xx/xxxx

THIS WAS DONE AS A LIMITED REVIEW.  - xx/xx/xxxx

 2026-03-18 20:51 Resolved 3 1 3 1
4000118317 xxxxx xx/xx/xxxx xxxxx xxxxx VA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 6 xx/xx/xxxx Credit General and Limited: Certificate of Good Standing Doc is Missing The loan file does not contain the General and Limited: Certificate of Good Standing. Please provide the  Certificate of Good Standing that is dated within 30 days of the Note date



certificate of good standing  - xx/xx/xxxx

 Certificate of Good Standing provided.  Condition resolved. - xx/xx/xxxx

certificate of good standing  - xx/xx/xxxx

 2026-03-18 20:36 Resolved 3 1 3 1
4000118359 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance Missing evidence of rate lock Missing evidence of Rate Lock. The xxxxxx Lock is for loan amount $xxxxxx0 with an appraised value of $xxxxxx. A corrected lock matching the loan amount of $xxxxxx and appraised value of $xxxxxx is needed.

lock - xx/xx/xxxx

 Investor Lock Confirmation provided.  Condition resolved. - xx/xx/xxxx

lock - xx/xx/xxxx

 2026-04-06 20:52 Resolved 3 1 3 1
4000118359 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-03-30 20:52 Cleared 1 1 3 1
4000118359 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



The loan meets all applicable credit guidelines.
 - xx/xx/xxxx

 2026-03-30 20:52 Cleared 1 1 3 1
4000118368 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Credit Audited Loan Amount is less than Guideline Minimum Loan Amount Audited loan amount is less than the guideline Minimum loan amount. Minimum loan amount $xxxxxx per program guidelines. No exception in file

APPROVAL - xx/xx/xxxx

 Approved Exception provided for: Borrower had a 1x30 last xxxxxx on a mortgage. Clean before and after that. Also, loan amount is only $xxxxxx. - xx/xx/xxxx
APPROVAL - xx/xx/xxxx
 Comp Factors: xxxxxx FICO with otherwise clean MTG ratings, experienced investor with ample reserves. Loan will be subject to final review with no additional exceptions. 2026-05-05 18:19 Waived 3 2 3 2
4000118368 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit Housing History Does Not Meet Guideline Requirements Housing history does not meet guideline requirements. Per guidelines-0x30x12 for any property payment history. CBR confirms 30 day late xx/xx/xxxx Mtg . LOE in file explaining late payment, but could not locate exception in file stated granted on 1008.



EXCEPTION - xx/xx/xxxx

 Approved Exception provided for: Borrower had a 1x30 last xxxxxx on a mortgage. Clean before and after that. Also, loan amount is only $xxxxxx. - xx/xx/xxxx
EXCEPTION - xx/xx/xxxx
 Comp Factors: xxxxxx FICO with otherwise clean MTG ratings, experienced investor with ample reserves. Loan will be subject to final review with no additional exceptions. 2026-05-05 18:19 Waived 3 2 3 2
4000118368 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-29 20:50 Cleared 1 1 3 2
4000118368 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-29 20:49 Cleared 1 1 3 2
4000118370 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Housing History Does Not Meet Guideline Requirements Housing history does not meet guideline requirements. Per guidelines-0x30x12 for Subject property payment history. CBR confirms 30 day late xx/xx/xxxx. LOE in file explaining late payment, but could not locate exception in file stated granted on 1008.



complete - xx/xx/xxxx

 APPROVAL EXCEPTION - xx/xx/xxxx

 Approved Exception provided for Borrower have a 1x30 on mortgage. - xx/xx/xxxx

complete - xx/xx/xxxx

Condition upheld.  The exception form provided is signed however all other information is blank.  Provide complete approved exception. - xx/xx/xxxx

APPROVAL EXCEPTION - xx/xx/xxxx

 xxxxxx FICO and otherwise clean mortgage history, experienced investor, ample reserves. 2026-05-07 14:34 Waived 3 2 3 2
4000118370 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-29 20:44 Cleared 1 1 3 2
4000118370 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-29 20:44 Cleared 1 1 3 2
4000118372 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
 

2026-04-30 12:19 Cleared 1 1 1 1
4000118372 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 

2026-04-30 12:19 Cleared 1 1 1 1
4000118372 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.
 

2026-04-30 12:19 Cleared 1 1 1 1
4000118374 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Housing History Does Not Meet Guideline Requirements Housing history does not meet guideline requirements. Per the credit report, there is a 30-day late payment reflecting on an REO in the last 12 months. Per guidelines, the mortgage history must reflect no 30 day late payments in the last 12 months.



exception - xx/xx/xxxx

 An Approved Exception was provided for: Borrower having a 1x30 mortgage late last May.  - xx/xx/xxxx

exception - xx/xx/xxxx

 Comp Factors: xxxxxx FICO with otherwise clean MTG ratings, experienced investor with ample reserves. Loan will be subject to final review with no additional exceptions. 2026-05-05 18:15 Waived 3 2 3 2
4000118374 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 

2026-04-30 12:17 Cleared 1 1 3 2
4000118374 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit Satisfactory Chain of Title not Provided Unsatisfactory chain of title provided. Please provide the chain of title for the subject property.



QCD - xx/xx/xxxx

 chain of title - xx/xx/xxxx

 QCD was provided.  Condition resolved. - xx/xx/xxxx
Satisfactory Chain of Title has been provided - xx/xx/xxxx
QCD - xx/xx/xxxx
Condition upheld. Chain of Title shows no deeds recorded in the last 24 months.   Provide Grant deed from current vesting entity on Title, xxxxxx, a Michigan limited liability company, to the Borrower xxxxxx.  - xx/xx/xxxx
chain of title - xx/xx/xxxx
 2026-05-07 14:43 Resolved 3 1 3 2
4000118377 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
 

2026-04-29 20:32 Cleared 1 1 1 1
4000118377 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 

2026-04-29 20:31 Cleared 1 1 1 1
4000118377 xx/xx/xxxx xxxxx xxxxx MI Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.
 

2026-04-29 20:31 Cleared 1 1 1 1
4000118385 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 6 xx/xx/xxxx Credit Asset Qualification Does Not Meet Guideline Requirements Asset Qualification does not meet guideline requirements. The subject transaction includes a gift of $xxxxxx from a non-title holding party (spouse). The purchase price is $xxxxxx with an LTV of 75%. Per guidelines, a minimum borrower contribution of 5% of the purchase price ($xxxxxx) is required. However, the borrower’s contribution of $xxxxxx does not meet this requirement. The total funds required to close per the Closing Disclosure are $xxxxxx, which are fully covered by the gift funds.
 Asset Qualification does not meet guideline Requirements


Exception - xx/xx/xxxx

 Approved Exception provided for gift funds on an investment property at 75% LTV w/no borrower contribution.  - xx/xx/xxxx

Exception - xx/xx/xxxx

 DSCR Purchase w/25% down payment, xxxxxx FICO, xxxxxx DSCR Ratio, 6 months reserves. 2026-04-28 19:15 Waived 3 2 3 2
4000118385 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 6 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-03-26 19:15 Cleared 1 1 3 2
4000118385 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 6 xx/xx/xxxx Credit Calculated DSCR does not meet the Minimum DSCR allowed The Calculated DSCR of 'xxxxxx' is less than the minimum required DSCR of'xxxxxx'. The approval is for DSCR xxxxxx - the DSCR is .xxxxxx due to higher property taxes on the subject than used by the lender.

DSCR WS - xx/xx/xxxx

 DSCR calculation error.  Condition resolved. - xx/xx/xxxx

The Calculated DSCR is equal to or greater than the minimum required DSCR, or Not Applicable - xx/xx/xxxx

DSCR WS - xx/xx/xxxx

 2026-04-01 13:57 Resolved 3 1 3 2
4000118385 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 6 xx/xx/xxxx Compliance Post Consummation CD Required The final CD dated xx/xx/xxxx does not include the gift funds of $xxxxxx paid to escrow xx/xx/xxxx as evidenced on the escrow receipt holding the funds and wire receipt dated  the same.  
PCCD - xx/xx/xxxx

 Received PCCD reflecting gift funds - xx/xx/xxxx

PCCD - xx/xx/xxxx

 2026-04-30 18:58 Resolved 3 1 3 2
4000118385 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 6 xx/xx/xxxx Credit Condo - Documentation The loan file did not contain required condo documentation (ie. Master HOI, Condo Questionnaire, Condo Budget, Project Review). The PERS approval provided is for a different condominium project—xxxxxx located at xxxxxx, consisting of xxxxxx units. The subject property is located in xxxxxx atxxxxxx, which consists of xxxxxx units. A correct and project-specific CPM/PERS approval is required.

CQ - xx/xx/xxxx

 Complex has xxxxxx units and xxxxxx of them are Owner Occupied, and Budget was provided.  Condition resolved. - xx/xx/xxxx
CQ - xx/xx/xxxx
 2026-04-17 13:43 Resolved 3 1 3 2
4000118385 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 6 xx/xx/xxxx Credit Condo - HOA Budget Missing The loan file did not contain the HOA budget as required.

HOA Budget - xx/xx/xxxx

 Complex has 416 units and 364 of them are Owner Occupied, and Budget was provided.  Condition resolved. - xx/xx/xxxx

HOA Budget - xx/xx/xxxx

 2026-04-17 13:43 Resolved 3 1 3 2
4000118510 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 6 xx/xx/xxxx Credit Borrower 1 3rd Party VOE Prior to Close Missing Borrower 1 3rd party VOE prior to close missing. Lender to provide a 10-day preclose VVOE for the borrower



attached - xx/xx/xxxx

 S/E VVOE provided.  Condition resolved. - xx/xx/xxxx

Borrower 1 3rd Party VOE prior to close was provided. - xx/xx/xxxx

attached - xx/xx/xxxx

 2026-04-30 16:24 Resolved 3 1 3 1
4000118510 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 6 xx/xx/xxxx Credit Borrower 1 CPA Letter Missing Borrower 1 CPA letter missing from the file. Lender to provide a CPA letter to verify the business and the expense ratio for the borrower.



attached - xx/xx/xxxx

 attached - xx/xx/xxxx

 attached - xx/xx/xxxx

 Condition set in error.  CPA letter to verify expense ratio is not required as the 50% standard was used per guidelines.  Condition resolved. - xx/xx/xxxx

Borrower 1 CPA letter provided - xx/xx/xxxx

attached - xx/xx/xxxx

Condition upheld.  Again, the document provided is a Facebook profile for the Borrower's business, condition requires CPA letter to verify expense ratio. - xx/xx/xxxx

attached - xx/xx/xxxx

Document provided is Facebook profile, condition requires CPA letter to verify expense ratio.  - xx/xx/xxxx

attached - xx/xx/xxxx

 2026-04-30 16:26 Resolved 3 1 3 1
4000118510 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 6 xx/xx/xxxx Credit Flood Certificate Partially Provided Flood certificate is partially provided. Lender to provide a clear, clean copy of the Flood Certification. Copy in the file is illegible. 



Complete Flood Cert provided.  - xx/xx/xxxx

 attached - xx/xx/xxxx

 Complete Flood Cert Provided - xx/xx/xxxx

Flood Certificate is fully present - xx/xx/xxxx

Complete Flood Cert provided.  - xx/xx/xxxx

attached - xx/xx/xxxx

 2026-04-17 13:05 Resolved 3 1 3 1
4000118510 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 6 of 6 xx/xx/xxxx Credit Income - Rental Property Rental income is not properly documented and/or supported. Per Guidelines: Departing residence positive rental income cannot be used to qualify. Departing residence PITIA / ITIA can be offset by 75% of projected net rental income or if subject is recently rented, a copy of two of the following will be acceptable (first month’s rent, last month’s rent, security deposit). Departing residence rental that produces a loss must be included in DTI.  The lease in file started on xx/xx/xxxx and ends xx/xx/xxxx.  Note and Disbursement Date is xx/xx/xxxx, therefore the lease was in place and newly rented.  The requirements of the above guideline was not met or provided. 

attached - xx/xx/xxxx

 LOE lease dates was provided stating due do closing delays and the seller vacating.  Condition resolved. - xx/xx/xxxx

attached - xx/xx/xxxx

 2026-05-07 20:39 Resolved 3 1 3 1
4000118510 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 6 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-16 21:45 Cleared 1 1 3 1
4000118510 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 6 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-04-16 21:45 Cleared 1 1 3 1
4000118653 xx/xx/xxxx xxxxx xxxxx TN Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-10 17:06 Cleared 1 1 1 1
4000118653 xx/xx/xxxx xxxxx xxxxx TN Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-04-10 17:07 Cleared 1 1 1 1
4000118653 xx/xx/xxxx xxxxx xxxxx TN Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-10 17:06 Cleared 1 1 1 1
4000118665 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-30 18:42 Cleared 1 1 3 1
4000118665 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a xxxxxx and xxxxxx with risk scores < xxxxxx which meets the lender's guidelines.



2026-04-30 18:42 Cleared 1 1 3 1
4000118665 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Title Coverage is Less than Subject Lien(s) Total Title coverage is less than total amount of subject lien(s). Title coverage is less than total amount of subject lien. The loan file contains a preliminary title commitment effective xx/xx/xxxx with xxxxxx title coverage which is less than the subject lien in the amount of $xxxxxx per the Note.  Lender to provide a title commitment or report with $xxxxxx or more title coverage. 

See attached  - xx/xx/xxxx

 See attached  - xx/xx/xxxx

 Update Letter from Title was provided.  Condition resolved. - xx/xx/xxxx
Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx.+0+0 - xx/xx/xxxx
See attached  - xx/xx/xxxx
Condition upheld.  Closing instructions provided does not suffice the condition.  Provide corrected or Final Title Policy. - xx/xx/xxxx
See attached  - xx/xx/xxxx
 2026-05-04 17:34 Resolved 3 1 3 1
4000119061 xx/xx/xxxx xxxxx xxxxx IL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 4 xx/xx/xxxx Credit Housing History Does Not Meet Guideline Requirements Housing history does not meet guideline requirements. The Verification of Rent (VOR) was submitted for exception approval due to incomplete housing history documentation. The VOR also contains inconsistencies, as the landlord listed at the top of the form does not match the individual who signed it. Per the Conditional Approval since the borrower does not own a primary residence, current housing must be documented with either a completed 12‑month VOR if the landlord is a property management company, or a copy of the lease and 12 months of canceled checks if the landlord is private. The 1008 and Conditional Approval note that exception approval was granted for these VOR requirements. Please provide a copy of the corresponding Loan Exception Approval with compensating factors.



Housing VOR - xx/xx/xxxx

 Approved Exception provided for Private VOR without 12 months proof of payment.    - xx/xx/xxxx

Housing VOR - xx/xx/xxxx

 Low LTV under 30%, and Low DTI.  2026-05-04 18:22 Waived 3 2 3 2
4000119061 xx/xx/xxxx xxxxx xxxxx IL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 4 xx/xx/xxxx Credit Missing letter of explanation A review of various statements for the Primary Borrower’s xxxxxx savings account# ending in xxxxxx reflects recurring payments to the xxxxxx and the xxxxxx, which may indicate tax installment obligations. The xx/xx/xxxx, xx/xx/xxxx, xx/xx/xxxx, and xx/xx/xxxx statements each show payments of $xxxxxx to the xxxxxx and $xxxxxx to the xxxxxx. The xx/xx/xxxx statement reflects additional payments of $xxxxxx to the xxxxxx and $xxxxxx to the xxxxxx. A letter of explanation is needed to confirm the purpose of these payments and whether they are associated with tax installment plans. If applicable, please also provide a copy of each installment agreement, including repayment terms, monthly payment amount, and total balance due.  Additionally, evidence that the borrower is current on each plan, such as the most recent payment reminders showing the last payment amount paid, and the next payment amount due is needed.
LOX - xx/xx/xxxx

 LOE from Underwriter stating: these are prepayment of taxes on a quarterly basis was provided.  Condition resolved. - xx/xx/xxxx

LOX - xx/xx/xxxx

 2026-05-08 15:20 Resolved 3 1 3 2
4000119061 xx/xx/xxxx xxxxx xxxxx IL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 

2026-04-24 20:06 Cleared 1 1 3 2
4000119061 xx/xx/xxxx xxxxx xxxxx IL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 4 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.
 

2026-04-24 20:05 Cleared 1 1 3 2
4000119287 xxxxx xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-03-09 18:23 Cleared 1 1 1 1
4000119287 xxxxx xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-03-09 18:23 Cleared 1 1 1 1
4000119287 xxxxx xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-03-09 18:24 Cleared 1 1 1 1
4000119613 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 6 xx/xx/xxxx Credit Borrower 1 Executed 4506-T Missing Borrower 1 Executed 4506-T missing from the file. Lender to provide a fully executed 4506 T for the borrower 



4506C not required for VVOE program - please waive - xx/xx/xxxx

 Condition set in error.  4506 is not required in the WVOE program. - xx/xx/xxxx

Borrower 1 Executed 4506-T Provided - xx/xx/xxxx

4506C not required for VVOE program - please waive - xx/xx/xxxx

 2026-04-24 13:36 Resolved 3 1 3 1
4000119613 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 6 xx/xx/xxxx Credit Borrower 2 Executed 4506-T Missing Borrower 2 Executed 4506-T missing from the file. Lender to provide a fully executed 4506 T for the borrower 2



4506C not required for VVOE program - please waive - xx/xx/xxxx

 Condition set in error.  4506 is not required in the WVOE program. - xx/xx/xxxx

Borrower 2 Executed 4506-T Provided or Not Applicable (Number of Borrowers equals 2) - xx/xx/xxxx

4506C not required for VVOE program - please waive - xx/xx/xxxx

 2026-04-24 13:36 Resolved 3 1 3 1
4000119613 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 5 of 6 xx/xx/xxxx Credit Missing letter of explanation Lender to provide a LOE from the borrower explaining her reason for doing a cash out refinance on the subject property. 

LOE - xx/xx/xxxx

 LOE - xx/xx/xxxx

 LOE for cash-out provided stating: Part of the cash out proceeds will be used towards the purchase of xxxxxx and remaining for reserves and emergency purposes.  Condition resolved. - xx/xx/xxxx
LOE - xx/xx/xxxx
Condition upheld. Provide an LOE from Borrower stating reason and use for cash-out.  Letter provided is about an address typo.  - xx/xx/xxxx
LOE - xx/xx/xxxx
 2026-04-29 15:48 Resolved 3 1 3 1
4000119613 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 6 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-21 19:55 Cleared 1 1 3 1
4000119613 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 6 of 6 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-04-21 19:55 Cleared 1 1 3 1
4000119613 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 6 xx/xx/xxxx Credit Title Coverage is Less than Subject Lien(s) Total Title coverage is less than total amount of subject lien(s). Lender to provide the updated title commitment or a supplemental report that includes the loan amount of $xxxxxx

Final Title Policy - xx/xx/xxxx

 Final Title provided.  Condition resolved. - xx/xx/xxxx
Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xx/xx/xxxx
Final Title Policy - xx/xx/xxxx
 2026-04-24 13:56 Resolved 3 1 3 1
4000119860 xx/xx/xxxx xxxxx xxxxx NE Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-21 19:57 Cleared 1 1 3 1
4000119860 xx/xx/xxxx xxxxx xxxxx NE Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit Approval - Lender Income Calculation Missing The loan file did not contain the lender income calculation worksheet as required. Lender to provide the UW  income calculation worksheet



income calc - xx/xx/xxxx

 1008 - xx/xx/xxxx

 Asset Depletion Worksheet provided.  Condition resolved. - xx/xx/xxxx

income calc - xx/xx/xxxx

Condition upheld.  The 1008 was provided and is the loan file.  The loan file is missing the Asset Depletion Calculation Worksheet.  - xx/xx/xxxx

1008 - xx/xx/xxxx

 2026-05-19 19:51 Resolved 3 1 3 1
4000119860 xx/xx/xxxx xxxxx xxxxx NE Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-04-21 20:01 Cleared 1 1 3 1
4000119909 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance PUD Rider is Missing PUD Rider is missing. Lender to provide the fully executed PUD Rider to the security instrument.  Subject property is in a PUD per the appraisal in file 



PUD rider provided.  - xx/xx/xxxx

 Affidavit - xx/xx/xxxx

 The PUD Rider is Present or is not applicable (Property Type is PUD) - xx/xx/xxxx

PUD rider provided.  - xx/xx/xxxx

Affidavit - xx/xx/xxxx

 2026-05-11 20:50 Resolved 3 1 3 1
4000119909 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-04-15 20:07 Cleared 1 1 3 1
4000119909 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



The loan meets all applicable credit guidelines. - xx/xx/xxxx

 2026-04-15 20:08 Cleared 1 1 3 1
4000119920 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 5 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-14 19:46 Cleared 1 1 3 1
4000119920 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-14 19:46 Cleared 1 1 3 1
4000119920 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 5 xx/xx/xxxx Credit Final Settlement Statement Missing. The final Settlement Statement document is missing. The loan file is missing the Final Closing Disclosure. 



FINAL HUD - xx/xx/xxxx

 Final Settlement Statement provided.  Condition resolved. - xx/xx/xxxx

Final HUD-1 Document is not missing or estimated only. - xx/xx/xxxx

FINAL HUD - xx/xx/xxxx

 2026-05-15 19:45 Resolved 3 1 3 1
4000119920 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 5 xx/xx/xxxx Credit Title Coverage is Less than Subject Lien(s) Total Title coverage is less than total amount of subject lien(s). Title Commitment provided does not state the amount of Title Insurance Coverage.  

title - xx/xx/xxxx

 Final Title Policy provided. Condition resolved. - xx/xx/xxxx
Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xx/xx/xxxx
title - xx/xx/xxxx
 2026-05-20 18:51 Resolved 3 1 3 1
4000119920 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 5 xx/xx/xxxx Credit Title Document Missing Title document is missing. The loan file is missing the title. 



prelim  - xx/xx/xxxx

 Title Commitment provided. Condition resolved. - xx/xx/xxxx

Title document is fully present - xx/xx/xxxx

prelim  - xx/xx/xxxx

 2026-05-20 18:49 Resolved 3 1 3 1
4000120150 xx/xx/xxxx xxxxx xxxxx OH Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-06-02 20:56 Cleared 1 1 1 1
4000120150 xx/xx/xxxx xxxxx xxxxx OH Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-02 20:57 Cleared 1 1 1 1
4000120150 xx/xx/xxxx xxxxx xxxxx OH Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-02 20:57 Cleared 1 1 1 1
4000120158 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 7 xx/xx/xxxx Credit Borrower 1 CPA Letter Missing Borrower 1 CPA letter missing from the file. The CPA letter submitted to detail the ownership percentage of xxxxxx is not dated. Please provide the dated CPA letter. 

The CPA letter is not required when closing in the name of an LLC and we have provided the Certificate of Beneficial Owners certification that confirms the ownership as well. 

Even though the CPA letter was provided, it originally wasn’t dated and that has now been provided, however, it is not needed.  The additional information for the person that prepared the letter would not be needed either.

 - xx/xx/xxxx

 dated cpa letter - xx/xx/xxxx

 uw in regards to exceptions approved  - xx/xx/xxxx

 Borrower 1 CPA letter provided - xx/xx/xxxx

After further review Ownership was verified in file.  Condition resolved. - xx/xx/xxxx

The CPA letter is not required when closing in the name of an LLC and we have provided the Certificate of Beneficial Owners certification that confirms the ownership as well. 

Even though the CPA letter was provided, it originally wasn’t dated and that has now been provided, however, it is not needed.  The additional information for the person that prepared the letter would not be needed either.

 - xx/xx/xxxx

Condition upheld.  CPA letter was provided. Per guidelines, provide documentation that the CPA / CTEC license is verified and active. A screen shot of the IRS web site for an IRS Enrolled Agent (EA) is acceptable - xx/xx/xxxx

dated cpa letter - xx/xx/xxxx

Condition upheld.  A CPA letter was not provided.  Comment below talks about an approved exception.  Is there one? One is not noted in the loan file. - xx/xx/xxxx

uw in regards to exceptions approved  - xx/xx/xxxx

 2026-06-22 19:58 Resolved 3 1 3 1
4000120158 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 7 of 7 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-03-25 20:39 Cleared 1 1 3 1
4000120158 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 7 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-03-25 20:40 Cleared 1 1 3 1
4000120158 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 7 xx/xx/xxxx Credit Corporation/LLC: EIN Doc is Missing The loan file does not contain the Coporation/LLC: EIN documentation. Please provide proof of the Employer Identification Number for xxxxxx



ein - xx/xx/xxxx

 EIN provided. Condition resolved. - xx/xx/xxxx

ein - xx/xx/xxxx

 2026-05-04 15:10 Resolved 3 1 3 1
4000120158 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 7 xx/xx/xxxx Credit Corporation/LLC: Certificate of Good Standing Doc is Missing The loan file does not contain the Corporation/LLC: Certificate of Good Standing. Please provide the Certificate of Good Standing for xxxxxx that is dated within 30 days of closing. 

docs  - xx/xx/xxxx

 Certificate of Good Standing was provided.  Condition resolved. - xx/xx/xxxx

docs  - xx/xx/xxxx

 2026-05-04 15:11 Resolved 3 1 3 1
4000120158 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 7 xx/xx/xxxx Credit Title Coverage is Less than Subject Lien(s) Total Title coverage is less than total amount of subject lien(s). Title Coverage amount is not reflected i the preliminary title report.  Provide Schedule A or title commitment reflecting the ALTA Loan Policy Coverage Amount equal to the loan amount,

Closing protection letter provides coverage up to $xxxxxx

 Final Title was provided.  Condition resolved. - xx/xx/xxxx

 title - xx/xx/xxxx

 Final Title was provided. Condition resolved. - xx/xx/xxxx
Final Title was provided.  Condition resolved. - xx/xx/xxxx
Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xx/xx/xxxx
title - xx/xx/xxxx
 2026-05-04 14:57 Resolved 3 1 3 1
4000120158 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 7 xx/xx/xxxx Credit Missing VOM or VOR Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Per guidelines, a twelve (12) month housing history is required for all occupancy types. The housing history is missing from the loan file for xxxxxx.

vom docs - xx/xx/xxxx

 VOM was provided.  Condition resolved. - xx/xx/xxxx

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xx/xx/xxxx

vom docs - xx/xx/xxxx

 2026-06-22 20:00 Resolved 3 1 3 1
4000120245 xx/xx/xxxx xxxxx xxxxx GA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 5 xx/xx/xxxx Credit Assets - Insufficient Cash to Close or Reserves Liquid Funds Post-Close of '$xxxxxx', are less than $xxxxxx. The loan was approved with assets from xxxxxx with account ending in xxxxxx with a balance of xxxxxx dated xx/xx/xxxx. There is a printout in the file dated xx/xx/xxxx with a balance of $xxxxxx. Using the updated statement, the borrower is short on cash to close $xxxxxx.

Bank statement - xx/xx/xxxx

 401K Statement provided.  Condition resolved. - xx/xx/xxxx
Liquid Funds Post-Close are greater than or equal to $xxxxxxx. - xx/xx/xxxx
Liquid Funds Post-Close are greater than or equal to $xxxxxx. Borrower(s) total verified assets are insufficient for cash to close or reserves. - xx/xx/xxxx
Bank statement - xx/xx/xxxx
 2026-04-01 18:49 Resolved 3 1 3 1
4000120245 xx/xx/xxxx xxxxx xxxxx GA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-03-26 18:56 Cleared 1 1 3 1
4000120245 xx/xx/xxxx xxxxx xxxxx GA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 5 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



The loan meets all applicable compliance guidelines. - xx/xx/xxxx

 2026-03-26 18:55 Cleared 1 1 3 1
4000120245 xx/xx/xxxx xxxxx xxxxx GA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 5 of 5 xx/xx/xxxx Credit Liabilities - Excluded Debts There was no explanation or support for the omission of one or more debts from the initial application. The xxxxxx installment shown on the credit report with a monthly payment of $xxxxxx was excluded from the monthly debts. Please provide documentation to support the omission of this debt.

Please look at the final 1003,  i don't know why the reviewer is looking at the initial when the final show the payment included in the DTI. I am uploading the final 1003 for you to review again. - xx/xx/xxxx

 Account was included in DTI.  Condition resolved. - xx/xx/xxxx

Please look at the final 1003,  i don't know why the reviewer is looking at the initial when the final show the payment included in the DTI. I am uploading the final 1003 for you to review again. - xx/xx/xxxx

 2026-03-31 13:09 Resolved 3 1 3 1
4000120245 xx/xx/xxxx xxxxx xxxxx GA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 5 xx/xx/xxxx Credit Cash reserves less than required by guidelines Total Cash reserves of '$xxxxxx' are less than $xxxxxx. The loan was approved with assets fromxxxxxx with account ending in xxxxxx with a balance of xxxxxx dated xx/xx/xxxx. There is a printout in the file dated xx/xx/xxxx with a balance of $ xxxxxx. Using the updated statement, the borrower is short on reserves $xxxxxx.

401K  - xx/xx/xxxx

 Total Cash reserves are greater than $0. - xx/xx/xxxx

401K  - xx/xx/xxxx

 2026-04-01 18:46 Resolved 3 1 3 1
4000120305 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-06 22:56 Cleared 1 1 1 1
4000120305 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 22:57 Cleared 1 1 1 1
4000120305 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-06 22:56 Cleared 1 1 1 1
4000120589 xx/xx/xxxx xxxxx xxxxx AZ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Compliance Condo Rider is Missing Condo Rider is missing.

Rerecorded DOT  - xx/xx/xxxx

 Received re-recorded DOT with Condo rider attached - xx/xx/xxxx

Rerecorded DOT  - xx/xx/xxxx

 2026-05-21 13:07 Resolved 3 1 3 1
4000120589 xx/xx/xxxx xxxxx xxxxx AZ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Credit Gift Letter - No Evidence for Transfer of Funds No evidence of the transfer of gift funds from the donor to the borrower was located in the file. Could not locate transfer of gift $xxxxxx documentation in file

Gift condition - xx/xx/xxxx

  Transfer of gift funds provided. Condition resolved. - xx/xx/xxxx

Gift condition - xx/xx/xxxx

 2026-04-22 13:57 Resolved 3 1 3 1
4000120589 xx/xx/xxxx xxxxx xxxxx AZ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-04-15 20:38 Cleared 1 1 3 1
4000120589 xx/xx/xxxx xxxxx xxxxx AZ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit Purchase Contract - Addendum Missing The Purchase Contract Addendum is missing. Missing addendum for seller credit $xxxxxx. Line 100 of contract has no concessions.

Addendum - xx/xx/xxxx

 Purchase contract addendum provided. Condition resolved. - xx/xx/xxxx

Addendum - xx/xx/xxxx

 2026-04-22 13:59 Resolved 2 1 3 1
4000120712 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Asset 2 Does Not Meet Guideline Requirements Asset does not meet G/L Requirements. Missing bank statement xxxxxx #xxxxxx Bal $xxxxxx listed on 1003 and needed for reserves.

attached - xx/xx/xxxx

 Statement provided.  Condition resolved. - xx/xx/xxxx

Asset Record 2 Meets G/L Requirements Or Not Applicable - xx/xx/xxxx

attached - xx/xx/xxxx

 2026-03-20 19:29 Resolved 3 1 3 1
4000120712 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-03-18 23:13 Cleared 1 1 3 1
4000120712 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-03-18 23:12 Cleared 1 1 3 1
4000120822 xx/xx/xxxx xxxxx xxxxx OR Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-23 14:03 Cleared 1 1 3 1
4000120822 xx/xx/xxxx xxxxx xxxxx OR Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-23 14:03 Cleared 1 1 3 1
4000120822 xx/xx/xxxx xxxxx xxxxx OR Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Title Coverage is Less than Subject Lien(s) Total Title coverage is less than total amount of subject lien(s). Title coverage listed at $xxxxxx versus loan amount $xxxxxx. 

Final title policy - xx/xx/xxxx

 Final Title policy provided.  Condition resolved. - xx/xx/xxxx
Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xx/xx/xxxx
Final title policy - xx/xx/xxxx
 2026-04-28 19:47 Resolved 3 1 3 1
4000121093 xx/xx/xxxx xxxxx xxxxx OR Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance Missing evidence of rate lock Missing evidence of Rate Lock. The loan documentation for the lock confirmation dated xxxxxx, states that it requires 24 months of full documentation. However, the income calculator in the file indicates that it uses 12 months of bank statements. Please provide the final rate lock confirmation that reflects the loan documentation as 12 months of bank statements.

Lock  - xx/xx/xxxx

 xxxxxx lock was provided.  Condition resolved. - xx/xx/xxxx

Lock  - xx/xx/xxxx

 2026-04-29 15:41 Resolved 3 1 3 1
4000121093 xx/xx/xxxx xxxxx xxxxx OR Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA with Low Risk and CDA to Appraisal value with 0.00% variance which meets the lender's guidelines.
 

2026-04-27 13:27 Cleared 1 1 3 1
4000121093 xx/xx/xxxx xxxxx xxxxx OR Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.
 

2026-04-27 13:27 Cleared 1 1 3 1
4000121105 xx/xx/xxxx xxxxx xxxxx RI Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU and LCA with risk scores = or < 2.5 which meets the lender's guidelines.





2026-05-05 20:18 Cleared 1 1 1 1
4000121105 xx/xx/xxxx xxxxx xxxxx RI Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-05 20:18 Cleared 1 1 1 1
4000121105 xx/xx/xxxx xxxxx xxxxx RI Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-05 20:17 Cleared 1 1 1 1
4000121227 xx/xx/xxxx xxxxx xxxxx OR Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-10 18:59 Cleared 1 1 3 1
4000121227 xx/xx/xxxx xxxxx xxxxx OR Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Missing Business Purpose Affidavit File is missing statement of business purpose. The loan file contains the Business Purpose Affidavit; however, the form is not executed. 



see attached - xx/xx/xxxx

 Executed Business Purpose Affidavit was provided.  Condition resolved. - xx/xx/xxxx

see attached - xx/xx/xxxx

 2026-05-28 20:31 Resolved 3 1 3 1
4000121227 xx/xx/xxxx xxxxx xxxxx OR Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-10 19:00 Cleared 1 1 3 1
4000121229 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit VVOE is incomplete or inaccurate Per xxxxxx Guidelines for borrowers employed by family, verification of the borrower's employment status should be provided by written confirmation obtained from CPA or Legal Counsel.  
Approved exception - xx/xx/xxxx

 Approved exception in file for VVOE for borrower employed by a family member.  - xx/xx/xxxx

Approved exception - xx/xx/xxxx

 EP R/T refinance of Primary Residence at <80% LTV, xxxxxx FICO, <45% DTI, 7 months reserves and $xxxxxx/monthly residual. 2026-04-30 19:37 Waived 3 2 3 2
4000121229 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-27 21:43 Cleared 1 1 3 2
4000121229 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-04-27 21:43 Cleared 1 1 3 2
4000121276 xx/xx/xxxx xxxxx xxxxx CO Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-08 18:37 Cleared 1 1 1 1
4000121276 xx/xx/xxxx xxxxx xxxxx CO Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-08 18:37 Cleared 1 1 1 1
4000121276 xx/xx/xxxx xxxxx xxxxx CO Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-08 18:37 Cleared 1 1 1 1
4000121573 xx/xx/xxxx xxxxx xxxxx NV Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Credit Title Document Missing Lender to provide clear title with minimum coverage of $xxxxxx Title document is missing.

Please see the attached Updated Title Policy. - xx/xx/xxxx

 Corrected Title was provided.  Condition resolved. - xx/xx/xxxx

Title document is fully present - xx/xx/xxxx

Please see the attached Updated Title Policy. - xx/xx/xxxx

 2026-06-01 15:14 Resolved 3 1 4 1
4000121573 xx/xx/xxxx xxxxx xxxxx NV Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-27 14:13 Cleared 1 1 4 1
4000121573 xx/xx/xxxx xxxxx xxxxx NV Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Credit Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Lender to provide the fully executed final CD's for the refinance of xxxxxx & xxxxxx

Please see the attached CD's. - xx/xx/xxxx

 Final CD's were provided.  Condition resolved. - xx/xx/xxxx

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - xx/xx/xxxx

Please see the attached CD's. - xx/xx/xxxx

 2026-06-01 15:01 Resolved 3 1 4 1
4000121573 xx/xx/xxxx xxxxx xxxxx NV Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Compliance Missing Warranty / Transfer Deed Warranty / Transfer Deed is not provided. Lender to provide evidence of transfer from xxxxxx - Series I to JUST xxxxxx

Please see the attached Transfer Deed. - xx/xx/xxxx

 Received transfer deed - xx/xx/xxxx

Please see the attached Transfer Deed. - xx/xx/xxxx

 2026-05-29 15:18 Resolved 4 1 4 1
4000121594 xx/xx/xxxx xxxxx xxxxx CA Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit Master Policy Expiration Date is Prior To the Transaction Date Master Policy expiration date is prior to the transaction date. The Master Condo Policy expiration date is xx/xx/xxxx which is prior to the transaction date xx/xx/xxxx and prior to the disbursement date of xx/xx/xxxx per the final CD.  Lender to provide a Master Condo Policy for the subject property in effect at the time of the disbursement date. 



See attached  - xx/xx/xxxx

 Renewal Master Policy was provided.  Condition resolved. - xx/xx/xxxx

See attached  - xx/xx/xxxx

 2026-05-04 17:22 Resolved 3 1 3 1
4000121594 xx/xx/xxxx xxxxx xxxxx CA Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA with Low Risk and CDA to Appraisal value with 0.00% variance which meets the lender's guidelines.





The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA with Low Risk and CDA to Appraisal value with 0.00% variance which meets the lender's guidelines.
 - xx/xx/xxxx

 2026-05-04 13:35 Cleared 1 1 3 1
4000121594 xx/xx/xxxx xxxxx xxxxx CA Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



The loan meets all applicable compliance guidelines.
 - xx/xx/xxxx

 2026-05-04 13:34 Cleared 1 1 3 1
4000121604 xx/xx/xxxx xxxxx xxxxx NV Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-26 23:15 Cleared 1 1 1 1
4000121604 xx/xx/xxxx xxxxx xxxxx NV Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-26 23:15 Cleared 1 1 1 1
4000121604 xx/xx/xxxx xxxxx xxxxx NV Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-26 23:16 Cleared 1 1 1 1
4000121617 xx/xx/xxxx xxxxx xxxxx NE Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 6 of 8 xx/xx/xxxx Compliance Lender Credits That Cannot Decrease Test (Fees-Limited) CE reflects this as passing all tests...not HPML. In addition, this is a non-qm loan.



CIC ICD attached reflecting bother borrower's signatures & reducing the lender credit due to the lock event

 - xx/xx/xxxx

 Received ICD, CIC for decreased lender credit - xx/xx/xxxx
 - xx/xx/xxxx
CE reflects this as passing all tests...not HPML. In addition, this is a non-qm loan.

CIC ICD attached reflecting bother borrower's signatures & reducing the lender credit due to the lock event
 - xx/xx/xxxx
duplicate - xx/xx/xxxx
The baseline amount of non-specific (lump sum) lender credits and specific lender credits is ($xxxxxx). The actual total fee amount shows a credit amount of ($xxxxxx). The following actual fees submitted as "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure. (12 CFR 1026.19e)(3) and comments 19(e)(3)-5 and -6; 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). - xx/xx/xxxx
 2026-05-12 14:14 Resolved 1 1 4 1
4000121617 xx/xx/xxxx xxxxx xxxxx NE Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 7 of 8 xx/xx/xxxx Compliance Federal - Escrow Account Required (First Lien HPML)(06/2013) . - xx/xx/xxxx

 escrow waiver - xx/xx/xxxx

 ComplianceEAse and final CD confirm loan is not HPML.  The APOR is xxxxxx + xxxxxx = xxxxxx max APR, ComplianceEase and final CD confirm APR of xxxxxx   - xx/xx/xxxx
. - xx/xx/xxxx
escrow waiver - xx/xx/xxxx
duplicate - xx/xx/xxxx
You submitted no impound amounts for property taxes on this HPML loan. Regulation Z prohibits a lender from making a first lien higher priced mortgage loan unless an escrow account is established before consummation for payment of property taxes and premiums for mortgage-related insurance. A creditor or servicer may not cancel the escrow account until the earlier of: (1) termination of the underlying debt obligation or (2) FIVE years after consummation, if the unpaid principal balance is less than 80% of the original value of the property and the consumer is not delinquent or in default on the underlying debt obligation. (12 CFR 1026.35(b)) - xx/xx/xxxx
 2026-05-12 14:14 Resolved 1 1 4 1
4000121617 xx/xx/xxxx xxxxx xxxxx NE Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 8 of 8 xx/xx/xxxx Compliance Insufficient Change of Circumstance (50001252) The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Credit Report Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Credit report increased from $xxxxxx to $xxxxxx without a CIC A $xxxxxx credit was provided on the final CD for this fee increase, however the total amount of lender credit decreased from $xxxxxx to $xxxxxx without a changed circumstance
 

Received ICD, CIC for decreased lender credit - xx/xx/xxxx

 - xx/xx/xxxx

 2026-05-12 14:14 Resolved 3 1 4 1
4000121617 xx/xx/xxxx xxxxx xxxxx NE Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 8 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-10 20:33 Cleared 1 1 4 1
4000121617 xx/xx/xxxx xxxxx xxxxx NE Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 8 xx/xx/xxxx Compliance Lender Credits That Cannot Decrease Test (50001262) The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($xxxxxx). The Last CD shows a total lender credit amount of ($xxxxxx). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). Lender credit decreased without a valid CIC

not failing this is a non qm loan - xx/xx/xxxx

 Received ICD, CIC for decreased lender credit - xx/xx/xxxx
 - xx/xx/xxxx
Lender credit decreased from $xxxxxx to $xxxxxx without a changed circumstance - xx/xx/xxxx
not failing this is a non qm loan - xx/xx/xxxx
 2026-05-12 14:14 Resolved 3 1 4 1
4000121617 xx/xx/xxxx xxxxx xxxxx NE Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 8 xx/xx/xxxx Compliance TRID: Missing Initial Closing Disclosure The loan file does not contain the initial Closing Disclosure.

Received ICD - xx/xx/xxxx

 icd - xx/xx/xxxx

 Received ICD - xx/xx/xxxx

Received ICD - xx/xx/xxxx

icd - xx/xx/xxxx

 2026-04-28 17:34 Resolved 4 1 4 1
4000121617 xx/xx/xxxx xxxxx xxxxx NE Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 8 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-10 20:33 Cleared 1 1 4 1
4000121617 xx/xx/xxxx xxxxx xxxxx NE Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 8 xx/xx/xxxx Compliance Federal - Escrow Account Required (First Lien HPML)(06/2013) You submitted no impound amounts for property insurance on this HPML loan. Regulation Z prohibits a lender from making a first lien higher priced mortgage loan unless an escrow account is established before consummation for payment of property taxes and premiums for mortgage-related insurance. A creditor or servicer may not cancel the escrow account until the earlier of: (1) termination of the underlying debt obligation or (2) FIVE years after consummation, if the unpaid principal balance is less than 80% of the original value of the property and the consumer is not delinquent or in default on the underlying debt obligation. (12 CFR 1026.35(b)) Loan tests as HPML.  Documentation in the file discloses rate lock date as xx/xx/xxxx



. - xx/xx/xxxx

 compliance ease - xx/xx/xxxx

 ComplianceEAse and final CD confirm loan is not HPML.  The APOR is xxxxxx + xxxxxx = xxxxxx max APR, ComplianceEase and final CD confirm APR of xxxxxx   - xx/xx/xxxx
. - xx/xx/xxxx
compliance ease - xx/xx/xxxx
 2026-05-12 14:14 Resolved 3 1 4 1
4000121802 xx/xx/xxxx xxxxx xxxxx MA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Credit Program Parameters - Guidelines Conformity The subject loan does not conform to program guidelines. Condo Master Insurance has a deductible that is roughly 8% of the coverage amount.  xxxxxx limit is 5%.  A formal exception is in file.  



The exception was approved due to FICO score above program minimum by twenty (20) points or higher, DTI below program maximum by 5% points or greater, Residual income $1,000 above the program minimum required, 0 X 30 X 24-month housing history, and LTV is at least 5% below guideline limits.   2026-04-10 04:04 Waived 2 2 3 2
4000121802 xx/xx/xxxx xxxxx xxxxx MA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-04-13 14:23 Cleared 1 1 3 2
4000121802 xx/xx/xxxx xxxxx xxxxx MA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-04-13 14:23 Cleared 1 1 3 2
4000121802 xx/xx/xxxx xxxxx xxxxx MA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Credit Income - Comparable Rent Schedule Form 1007 Missing The loan file did not contain the comparable rent schedule form 1007 as required.

1007 - xx/xx/xxxx

 1007 provided.  Condition resolved. - xx/xx/xxxx

1007 - xx/xx/xxxx

 2026-04-22 16:23 Resolved 3 1 3 2
4000121807 xx/xx/xxxx xxxxx xxxxx OR Second Home Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance Charges That Cannot Increase Test (50001251) The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). There was no Change of Circ. or Lender Credit to validate changes/increases for CDs dated xx/xx/xxxx & xx/xx/xxxx. Received LE issued xx/xx/xxxx adding discount points of $xxxxxx.  Final CD discloses discount points of $xxxxxx.  Provide CD issued on or within 3 days of xx/xx/xxxx or provide a cure in the amount of $xxxxxx.




Received CD xx/xx/xxxx with increased loan amount and increased discount points.  Finding resolved - xx/xx/xxxx

Resolved - xx/xx/xxxx

 Discount point fee increased from $xxxxxx to $xxxxxx on the initial CD.  Changed Circumstance in the file disclosed the fees increased on xx/xx/xxxx, however there is not an LE or CD in the file issued within 3 days of this date.  Discount points again increased on the final CD from $xxxxxx to $xxxxxx.  Changed Circumstance in the file discloses loan amount increase and fee increase on xx/xx/xxxx, however there is not a CD in the file issued within 3 days of this date.  Provide LE/CDs associated with the CICs in the file or provide a cure of $xxxxxx. 2026-05-13 14:35 Resolved 3 1 3 1
4000121807 xx/xx/xxxx xxxxx xxxxx OR Second Home Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance Insufficient Change of Circumstance (50001252) The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). There was no Change of Circ. or Lender Credit to validate changes/increases for CDs dated xx/xx/xxxx & xx/xx/xxxx. Discount point fee increased from $xxxxxx to $xxxxxx on the initial CD.  Changed Circumstance in the file disclosed the fees increased on xx/xx/xxxx, however there is not an LE or CD in the file issued within 3 days of this date.  Discount points again increased on the final CD from $xxxxxx to $xxxxxx.  Changed Circumstance in the file discloses loan amount increase and fee increase on xx/xx/xxxx, however there is not a CD in the file issued within 3 days of this date.  Provide LE/CDs associated with the CICs in the file or provide a cure of $xxxxxx. Received LE issued xx/xx/xxxx adding discount points of $xxxxxx.  Final CD discloses discount points of $xxxxxx.  Provide CD issued on or within 3 days of xx/xx/xxxx or provide a cure in the amount of $xxxxxx.





Received CD xx/xx/xxxx with increased loan amount and increased discount points.  Finding resolved - xx/xx/xxxx

Resolved - xx/xx/xxxx

 2026-05-13 14:36 Resolved 3 1 3 1
4000121807 xx/xx/xxxx xxxxx xxxxx OR Second Home Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-20 20:37 Cleared 1 1 3 1
4000121900 xx/xx/xxxx xxxxx xxxxx UT Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-04-15 12:15 Cleared 1 1 3 1
4000121900 xx/xx/xxxx xxxxx xxxxx UT Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-04-15 12:15 Cleared 1 1 3 1
4000121900 xx/xx/xxxx xxxxx xxxxx UT Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Title Document Missing Title document is missing.

prelim - xx/xx/xxxx

 Title provided.  Condition resolved. - xx/xx/xxxx

Title document is fully present - xx/xx/xxxx

prelim - xx/xx/xxxx

 2026-04-16 19:31 Resolved 3 1 3 1
4000122087 xx/xx/xxxx xxxxx xxxxx MI Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 4 xx/xx/xxxx Compliance Missing Doc - Affiliated Business Disclosure/Missing Required Affiliated Business Disclosure missing The Affiliated Business agreement is missing from the loan documents.  Per the Privacy Agreement there are several affiliates. 



non affiliates - xx/xx/xxxx

 Confirmed no affiliates used - xx/xx/xxxx

non affiliates - xx/xx/xxxx

 2026-05-05 15:16 Resolved 3 1 4 1
4000122087 xx/xx/xxxx xxxxx xxxxx MI Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-29 21:19 Cleared 1 1 4 1
4000122087 xx/xx/xxxx xxxxx xxxxx MI Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 4 xx/xx/xxxx Compliance TRID: Missing Final Closing Disclosure The loan file does not contain the Final Closing Disclosure. The Final Closing Disclosure is missing. 



final cd; borrower met timing and was allowed to sign early. the final cd is dated xx/xx/xxxx - xx/xx/xxxx

 Received FCD - xx/xx/xxxx

TRID: Final Closing Disclosure Provided - xx/xx/xxxx

final cd; borrower met timing and was allowed to sign early. the final cd is dated xx/xx/xxxx - xx/xx/xxxx

 2026-05-05 15:26 Resolved 4 1 4 1
4000122087 xx/xx/xxxx xxxxx xxxxx MI Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-29 21:18 Cleared 1 1 4 1
4000122121 xx/xx/xxxx xxxxx xxxxx NM Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-04-15 18:38 Cleared 1 1 4 1
4000122121 xx/xx/xxxx xxxxx xxxxx NM Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance The Deed of Trust is Incomplete The Deed of Trust is incomplete. DOT in file doesn't have xxxxxx, a xxxxxx limited liability company above borrower signature.  

Fixed DOT  - xx/xx/xxxx

 The Deed of Trust is present and complete - xx/xx/xxxx

Received corrected and re-rrecorded DOT - xx/xx/xxxx

Fixed DOT  - xx/xx/xxxx

 2026-05-04 14:35 Resolved 4 1 4 1
4000122121 xx/xx/xxxx xxxxx xxxxx NM Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



The loan meets all applicable credit guidelines. - xx/xx/xxxx

 2026-04-15 18:38 Cleared 1 1 4 1
4000122323 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Credit Program Parameters - Payment Shock The subject loan does not meet program parameters for payment shock. The payment shock for the subject transaction exceeds the max allowed per guidelines. Per guidelines-4.5 FIRST TIME HOME BUYERS: Maximum payment shock of 250%. Borrower qualified/approved with payment shock exceeding. A formal exception is in file





Compensating factors- Borrower xxxxxx% DTI, $xxxxxx residual income, & 61 mos PITI reserves. Borrower has excellent credit pay history w/zero lates and oldest tradeline reporting since xxxxxx. 2026-05-06 16:34 Waived 2 2 2 2
4000122323 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 23:16 Cleared 1 1 2 2
4000122323 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.
 

2026-05-06 23:16 Cleared 1 1 2 2
4000122397 xx/xx/xxxx xxxxx xxxxx VA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-04-14 18:11 Cleared 1 1 3 1
4000122397 xx/xx/xxxx xxxxx xxxxx VA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU and LCA with risk scores < 2.5 which meets the lender's guidelines.





The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-04-14 18:11 Cleared 1 1 3 1
4000122397 xx/xx/xxxx xxxxx xxxxx VA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The loan file contained the VOR; however, the form is from a Private Person, therefore, 12 months cancelled checks is required. 



Attached - xx/xx/xxxx
 Attached - xx/xx/xxxx
 Attached. Rent is $xxxxxx/month - xx/xx/xxxx
 they pay using xxxxxx, would a transaction history from xxxxxx showing the 12 months payments work for this? With borrower’s name, receipt name, date, amount?  - xx/xx/xxxx
 Would you take a credit supplement?  - xx/xx/xxxx
 The VOR is completed?  - xx/xx/xxxx
 VOR and Bank Statements showing payments made were provided.  Condition resolved. - xx/xx/xxxx
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - xx/xx/xxxx
Attached - xx/xx/xxxx
Condition upheld. Provide evidence the Borrower's are the Owners ofxxxxxx.  Business license, DBA, etc. - xx/xx/xxxx
Attached - xx/xx/xxxx
Condition upheld.  Private VOR was uploaded along with bank statements forxxxxxx.  The VOR is in the Borrower's name. Provide explanation and evidence of how xxxxxx is involved. - xx/xx/xxxx
Attached. Rent is $xxxxxx/month - xx/xx/xxxx
Per Guidelines, yes xxxxxx transaction history with borrower’s name, receipt name, dates, amounts will work. - xx/xx/xxxx
they pay using xxxxxx, would a transaction history from xxxxxx showing the 12 months payments work for this? With borrower’s name, receipt name, date, amount?  - xx/xx/xxxx
Guidelines state: When the subject property or the borrower's primary residence has a private party mortgage (e.g., individual, private lender, hard money lender), the following documentation is also required: Borrower's proof of payment for the most recent 6-months (e.g., Cancelled checks, bank statements, ACH payments, bank transfer/wire, electronic payment method. - xx/xx/xxxx
Would you take a credit supplement?  - xx/xx/xxxx
Condition upheld.  The VOR is from a Private Party.  Per Guidelines the proof of payment for the most recent 6 months is required. - xx/xx/xxxx
The VOR is completed?  - xx/xx/xxxx
 2026-05-13 14:35 Resolved 3 1 3 1
4000122405 xx/xx/xxxx xxxxx xxxxx CO Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit Income and Employment Do Not Meet Guidelines Income and employment do not meet guidelines. For asset depletion/utilization assets used for qualifying must be seasoned for one hundred twenty (120) days unless pre-approved by xxxxxx. Missing the xxxxxx Exception approval to use 2 months for xxxxxx + xxxxxx.  

Exception approval attached. - xx/xx/xxxx

 Approved exception provided to waive the seasoning requirement on Asset Depletion/Utilization as the funds were inherited.  - xx/xx/xxxx

Exception approval attached. - xx/xx/xxxx

 Expanded Prime Purchase transaction w/35% down payment, xxxxxx FICO, <40% DTI, 100 months reserves & >$xxxxxx monthly residual. 2026-06-01 14:36 Waived 3 2 3 2
4000122405 xx/xx/xxxx xxxxx xxxxx CO Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Compliance Post Consummation CD Required Per the final CD funds to close required is $xxxxxx. There is a wire receipt sent to closing on xx/xx/xxxx of $xxxxxx. Post Close CD is needed to confirm the final funds used at closing. If a refund applies, evidence it has been sent to the borrower to be attached due to the $xxxxxx variance.
Excess funds back to borrower - xx/xx/xxxx

 Is this an investor overlay? We have never been conditioned for this in xxxxxx, a wet state.  - xx/xx/xxxx

 Check receipt from Title to the Borrower for $xxxxxx was provided.  Condition resolved. - xx/xx/xxxx

Excess funds back to borrower - xx/xx/xxxx

Condition upheld.  Wet/Dry state has no bearing.  Per the Final CD, Borrower owed $xxxxxx at closing and a wire receipt in file shows the Borrower wired $xxxxxx to Title. PCCD should reflect the deposit and refund to borrower.  - xx/xx/xxxx

Is this an investor overlay? We have never been conditioned for this in xxxxxx, a wet state.  - xx/xx/xxxx

 2026-04-30 20:20 Resolved 3 1 3 2
4000122405 xx/xx/xxxx xxxxx xxxxx CO Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 

2026-04-20 21:11 Cleared 1 1 3 2
4000122553 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 

2026-04-24 16:36 Cleared 1 1 3 1
4000122553 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 4 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. Lender to provide current proof of HOI for xxxxxx missing from the loan file.

HOI - xx/xx/xxxx

 Evidence of the Multi-Family dwelling located at xxxxxx was provided.  Condition resolved. - xx/xx/xxxx
HOI - xx/xx/xxxx
 2026-04-29 13:43 Resolved 3 1 3 1
4000122553 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 4 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-04-24 16:35 Cleared 1 1 3 1
4000122553 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 4 xx/xx/xxxx Credit Missing VOM or VOR Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Lender to provide a VOR for the borrower's current residence since he is renting. 



VOR, STATEMENT of INFO   - xx/xx/xxxx

 bank statements - xx/xx/xxxx

 VOR - xx/xx/xxxx

 Private VOR, evidence of payments made, and evidence landlord is the owner of the LLC was provided.  Condition resolved. - xx/xx/xxxx
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xx/xx/xxxx
VOR, STATEMENT of INFO   - xx/xx/xxxx
Condition upheld.  Six months of bank statements for xxxxxx were provided.  Unable to determine who xxxxxx is and how it ties to the Borrower xxxxxx, or the xxxxxx. - xx/xx/xxxx
bank statements - xx/xx/xxxx
Condition upheld.  VOR provided is a private VOR.  Per guidelines:  When the subject property or the borrower's primary residence has a private party mortgage (e.g., individual, private lender, hard money lender), the following documentation is also required: Borrower's proof of payment for the most recent 6-months (e.g., Cancelled checks, bank statements, ACH payments, bank transfer/wire, electronic payment method. - xx/xx/xxxx
VOR - xx/xx/xxxx
 2026-05-13 20:34 Resolved 3 1 3 1
4000122666 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-10 20:06 Cleared 1 1 1 1
4000122666 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-10 20:05 Cleared 1 1 1 1
4000122666 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-10 20:05 Cleared 1 1 1 1
4000122686 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 8 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The loan file contains a CDA with Low Risk and CDA to Appraisal value with 0.00% variance which meets the lender's guidelines. 2026-04-21 22:21 Cleared 1 1 3 2
4000122686 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 8 xx/xx/xxxx Credit Credit Profile - Insufficient Tradelines The documented tradelines do not meet the minimum tradelines required per guidelines. Per the lender's guidelines, each Borrower’s credit profile must include a minimum of two (2) trade lines within the last twenty-four (24) months that show a twelve (12) month history.  However, per the borrower's credit report provided in the loan file dated xx/xx/xxxx, the borrower has one (1) trade line open with xxxxxx #xxxxxx with 232 months history and seven (7) closed tradelines with activity through xx/xx/xxxx which is not within the most recent 24 months. The mortgage statement provided for the borrower's primary residence with xxxxxx is in the non-borrowing spouse's name.  The loan file does not contain a lender approved exception or evidence of a second tradeline for the borrower with activity within the last 24 months as required. 

exception approved.  - xx/xx/xxxx

 Applicant has 3 FICO scores therefore tradeline requirement is waived - xx/xx/xxxx

 STATEMENTS  - xx/xx/xxxx

 Approved Exception provided for Borrower only having one tradeline reporting within the last 24 months. - xx/xx/xxxx

exception approved.  - xx/xx/xxxx

Condition upheld:  Number of FICO scores is irrelevant.  Guidelines state: Each Borrower’s credit profile must include a minimum of two (2) trade lines within the last twenty-four (24) months that show a twelve (12) month history, or a combined credit profile between Borrower and co-Borrower with a minimum of three (3) trade lines. - xx/xx/xxxx

Applicant has 3 FICO scores therefore tradeline requirement is waived - xx/xx/xxxx

Unable to determine what is being provided for this condition. - xx/xx/xxxx

STATEMENTS  - xx/xx/xxxx

 Low LTV at 50%, DSCR Score over 1, and FICO of xxxxxx. 2026-05-08 14:42 Waived 3 2 3 2
4000122686 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 8 xx/xx/xxxx Credit Asset 6 Less Than 2 Months Verified Asset has less than 2 months verified in file. Missing most recent 1-month asset statement for xxxxxx Money Market funds for account ending #xxxxxx with a current balance of $xxxxxx as stated per the final loan application. 

guidelines doesn't not require 2 months. Please re review and let us know where in the guidelines it requires 2 months.  - xx/xx/xxxx

 STATEMENTS  - xx/xx/xxxx

 xxxxxx asset listed on Final 1003 was removed as no verification of this asset was provided in file.  Condition resolved.  New Conditions were added for short funds to close/reserves. - xx/xx/xxxx

Asset 6 Verified Sufficiently Or Not Applicable - xx/xx/xxxx

guidelines doesn't not require 2 months. Please re review and let us know where in the guidelines it requires 2 months.  - xx/xx/xxxx

Condition upheld.  The Final 1003 states there is a xxxxxx Account.  The file does not contain evidence of this account.  - xx/xx/xxxx

STATEMENTS  - xx/xx/xxxx

 2026-05-08 14:21 Resolved 3 1 3 2
4000122686 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 8 xx/xx/xxxx Credit Asset 5 Less Than 2 Months Verified Asset has less than 2 months verified in file. Missing the most recent asset statement for xxxxxx Stocks account #xxxxxx with a current balance of $xxxxxx as stated per the final loan application.

guidelines doesn't not require 2 months. Please re review and let us know where in the guidelines it requires 2 months.  - xx/xx/xxxx

 STATEMENTS  - xx/xx/xxxx

 xxxxxx asset listed on Final 1003 was removed as no verification of this asset was provided in file.  Condition resolved.  New Conditions were added for short funds to close/reserves. - xx/xx/xxxx
Asset 5 Verified Sufficiently Or Not Applicable - xx/xx/xxxx
guidelines doesn't not require 2 months. Please re review and let us know where in the guidelines it requires 2 months.  - xx/xx/xxxx
Condition upheld.  The Final 1003 states there is a xxxxxx Account.  The file does not contain evidence of this account.  - xx/xx/xxxx
STATEMENTS  - xx/xx/xxxx
 2026-05-08 14:21 Resolved 3 1 3 2
4000122686 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 8 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-21 22:21 Cleared 1 1 3 2
4000122686 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 8 xx/xx/xxxx Credit Housing History Does Not Meet Guideline Requirements Housing history does not meet guideline requirements. Missing 12 months housing history as required per the lender's guidelines. The loan file contains the xxxxxx mortgage statement for the borrower's primary residence located at xxxxxx; however, a 12 months housing history was required but not provided.  Per the fraud report provided in the loan file, the borrower and her spouse own the primary residence with a first mortgage with xxxxxx since xx/xx/xxxx with an original mortgage balance of $xxxxxx.  If the borrower lives rent-free or is not on the current mortgage, a rent-free letter is required but was not provided. The loan file does not contain a lender approved exception. 

STATEMENTS  - xx/xx/xxxx

 Borrower is not on the Note for the Primary Residence.  A rent free letter was provided.  Condition resolved. - xx/xx/xxxx

Housing history meets guideline requirements. - xx/xx/xxxx

STATEMENTS  - xx/xx/xxxx

 2026-05-01 13:49 Resolved 3 1 3 2
4000122686 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 8 of 8 xx/xx/xxxx Credit Assets - Insufficient Cash to Close or Reserves Liquid Funds Post-Close of '$xxxxxx', are less than $xxxxxx. Borrower(s) total verified assets are insufficient for cash to close or reserves. Final 1003 states there is an asset account with xxxxxx #xxxxxx with $xxxxxx and $xxxxxx.  This asset was not verified in the loan file, therefore Borrower is short funds to close plus reserves.  Provide evidence of this account or additional funds to close plus reserves. 

xxxxxx statement - xx/xx/xxxx
 xxxxxx Statement was provided showing additional assets.  Condition resolved. - xx/xx/xxxx
Liquid Funds Post-Close are greater than or equal to $xxxxxx. Borrower(s) total verified assets are insufficient for cash to close or reserves. - xx/xx/xxxx
xxxxxx statement - xx/xx/xxxx
 2026-05-08 14:31 Resolved 3 1 3 2
4000122686 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 7 of 8 xx/xx/xxxx Credit Cash reserves less than required by guidelines Total Cash reserves of '$xxxxxx' are less than $xxxxxx. Final 1003 states there is an asset account with xxxxxx #xxxxxx with $xxxxxx and $xxxxxx.  This asset was not verified in the loan file, therefore Borrower is short funds to close plus reserves.  Provide evidence of this account or additional funds to close plus reserves. 

xxxxxx statement  - xx/xx/xxxx

 xxxxxx Statement was provided showing additional assets.  Condition resolved. - xx/xx/xxxx
Total Cash reserves are greater than $xxxxxx. - xx/xx/xxxx
xxxxxx statement  - xx/xx/xxxx
 2026-05-08 14:31 Resolved 3 1 3 2
4000122792 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-22 19:31 Cleared 1 1 1 1
4000122792 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-22 19:31 Cleared 1 1 1 1
4000122792 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-22 19:31 Cleared 1 1 1 1
4000122808 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
 

2026-05-07 21:13 Cleared 1 1 2 1
4000122808 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 

2026-05-07 21:09 Cleared 1 1 2 1
4000122808 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Purchase Contract - Addendum Missing The Purchase Contract Addendum is missing. The sales contract reflects a final sales price of $xxxxxx. The CD and appraisal show a final sales price of $xxxxxx. The file is missing the sales contract addendum with the final sales price of $xxxxxx.

Purchase addendum - xx/xx/xxxx

 Executed Contract Addendum changing sales price to $xxxxxx was provided.  Condition resolved. - xx/xx/xxxx
Purchase addendum - xx/xx/xxxx
 2026-05-11 18:14 Resolved 2 1 2 1
4000123003 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU and LCA with risk scores < xxxxxx and contains a CDA with Low Risk and CDA to Appraisal value with 0.00% variance which meets the lender's guidelines.



2026-04-30 20:52 Cleared 1 1 3 1
4000123003 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-04-30 20:52 Cleared 1 1 3 1
4000123003 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit Title Coverage is Less than Subject Lien(s) Total Title coverage is less than total amount of subject lien(s). Title coverage is less than total amount of subject lien. The loan file contains the preliminary title report effective xx/xx/xxxx that is missing the title coverage amount equal to or more than the loan amount of $xxxxxx per the Note. 

See attached  - xx/xx/xxxx

 See attached  - xx/xx/xxxx

 See attached  - xx/xx/xxxx

 Final Title Policy provided.  Condition resolved. - xx/xx/xxxx
Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xx/xx/xxxx
See attached  - xx/xx/xxxx
Condition upheld until Title has been received per email provided from Title. - xx/xx/xxxx
See attached  - xx/xx/xxxx
Condition upheld. Closing instructions provided does not suffice the condition.  Provide corrected or Final Title Policy. - xx/xx/xxxx
See attached  - xx/xx/xxxx
 2026-05-31 17:39 Resolved 3 1 3 1
4000123205 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-17 16:28 Cleared 1 1 1 1
4000123205 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-17 16:28 Cleared 1 1 1 1
4000123205 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-17 16:29 Cleared 1 1 1 1
4000123239 xx/xx/xxxx xxxxx xxxxx ID Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance Insufficient Tolerance Cure A Lender Credit for Excess Charges of ($xxxxxx), Principal Reduction for Excess Charges of ($xxxxxx), and general or specific lender credit increases of ($xxxxxx) were applied to the total fee variance of ($xxxxxx) between the baseline disclosure and the actual fee amounts. Since the lender credits and principal reduction (if applicable) are less than the total fee variance amount, they are not sufficient to cure the variance. There is an increase in appraisal fee to the final CD as well as an appraisal desk review fee added to the Initial CD. There are no changed of circumstances for these additions and the cure of $xxxxxx does not cover the full amount of these increases.

COC CD - xx/xx/xxxx

 Received CIC for the additional desk review fee - xx/xx/xxxx

Resolved - xx/xx/xxxx

COC CD - xx/xx/xxxx

 2026-05-11 15:31 Resolved 3 1 3 1
4000123239 xx/xx/xxxx xxxxx xxxxx ID Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-07 00:34 Cleared 1 1 3 1
4000123239 xx/xx/xxxx xxxxx xxxxx ID Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-07 00:35 Cleared 1 1 3 1
4000123240 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-20 21:52 Cleared 1 1 3 1
4000123240 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Credit Hazard Insurance Policy is Missing Missing hazard insurance policy. Lender to provide proof of insurance for subject property



hoi  - xx/xx/xxxx

 HOI  - xx/xx/xxxx

 Subject HOI Policy was provided.  Condition resolved. - xx/xx/xxxx
Hazard Insurance Policy was provided. - xx/xx/xxxx
hoi  - xx/xx/xxxx
Condition upheld.  HOI Policy provided is for xxxxxx.  Provide the HOI Policy for the subject property located at: xxxxxx. - xx/xx/xxxx
HOI  - xx/xx/xxxx
 2026-05-05 20:38 Resolved 3 1 3 1
4000123240 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-20 21:50 Cleared 1 1 3 1
4000123240 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. Lender to provide HOA supporting documentation for xxxxxx REO missing from the loan file. 

hoa for xxxxxx  - xx/xx/xxxx
 Evidence of HOA, HOI, and taxes were provided for the cited property.  Condition resolved. - xx/xx/xxxx
hoa for xxxxxx  - xx/xx/xxxx
 2026-05-05 20:41 Resolved 3 1 3 1
4000123246 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 9 xx/xx/xxxx Credit Housing History Does Not Meet Guideline Requirements Housing history does not meet guideline requirements. Exception to the 12 months current housing payment history requirement. The borrower currently lives with her son and has exchanged child services in lieu of rental payments. Therefore, the borrower's housing arrangement reflects a deliberate family decision rather than a necessity, with housing provided in exchange for ongoing childcare support. A formal exception is in the file. 





The exception was approved due to a xxxxxx FICO score, which exceeds the program minimum by 20 points or higher, and LTV of 52% vs. GL LTV of 80%.  2026-04-11 01:49 Waived 2 2 3 2
4000123246 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 7 of 9 xx/xx/xxxx Credit Program Parameters - Property Type The subject loan does not meet program parameters for property type. Investor exception approval is required for xxxxxx condominium projects and associations subject to xxxxxx.

Attached - xx/xx/xxxx

 Attached - xx/xx/xxxx

 Can you please verify what exactly is needed?  - xx/xx/xxxx

 Attached  - xx/xx/xxxx

 Approved Exception was provided for Condo subject to SB-4D, requiring upfront review by xxxxxx. - xx/xx/xxxx
Attached - xx/xx/xxxx
Exception provided reflects file has 7 months of reserves. Verified assets in file are 5.4 months. File is short of reserves as required by exception.  - xx/xx/xxxx
Attached - xx/xx/xxxx
Per email communication on xx/xx/xxxx, this exception should be submitted for potential exception request. Guidelines state: xxxxxx condo projects and associations subject to xxxxxx requirement will need structural integrity reserve studies and xxxxxx Structural inspections subject to all state requirements. These properties may be considered on a case by case basis and will require an investor exception approval.  - xx/xx/xxxx
Can you please verify what exactly is needed?  - xx/xx/xxxx
Condition upheld.  Escalated to Management and this is to be submitted for a potential exception request. - xx/xx/xxxx
Attached  - xx/xx/xxxx
 DSCR Purchase transaction w/48% down payment, xxxxxx FICO, xxxxxx DSCR, 5 months reserves. 2026-05-07 14:57 Waived 3 2 3 2
4000123246 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 9 xx/xx/xxxx Credit Missing letter of explanation A Letter of Explanation (LOE) by the Borrower is required to detail relevant real estate experience.

A Letter of Explanation (LOE) from the Borrower detailing real estate experience was provided.  Condition resolved. - xx/xx/xxxx

 attached - xx/xx/xxxx

 A Letter of Explanation (LOE) from the Borrower detailing real estate experience was provided. Condition resolved. - xx/xx/xxxx

A Letter of Explanation (LOE) from the Borrower detailing real estate experience was provided.  Condition resolved. - xx/xx/xxxx

attached - xx/xx/xxxx

 2026-04-27 18:18 Resolved 3 1 3 2
4000123246 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 8 of 9 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X. - xx/xx/xxxx

 2026-04-13 17:36 Cleared 1 1 3 2
4000123246 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 9 of 9 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-04-13 17:36 Cleared 1 1 3 2
4000123246 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 9 xx/xx/xxxx Credit Condo - Documentation The loan file did not contain required condo documentation (ie. Master HOI, Condo Questionnaire, Condo Budget, Project Review). Please provide the Condo Questionnaire, Condo Certification/xxxxxx Project Approval, Condo Budget, the Recorded declarations/CC&R’s, and by-laws for the xxxxxx. Furthermore, as the Subject Property is a xxxxxx condominium located in a project that is three (3) or more stories in height and 30 years or older, evidence is required that the association has completed the milestone inspections mandated by xxxxxx SB‑4D. If the inspections identified any substantial structural deterioration or unsafe or dangerous conditions, evidence must be provided that the required repairs have been completed. In addition, evidence is required that the association has completed a Structural Integrity Reserve Study (SIRS) and that the current budget includes adequately funded reserves.

Attached  - xx/xx/xxxx

 Condo Questionnaire, Condo Docs, and Lender's review provided.  Condition resolved. - xx/xx/xxxx

Attached  - xx/xx/xxxx

 2026-04-15 17:42 Resolved 3 1 3 2
4000123246 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 9 xx/xx/xxxx Credit Corporation/LLC: EIN Doc is Missing The loan file does not contain the Coporation/LLC: EIN documentation. Please provide the Third Party/IRS EIN Notice for xxxxxx. 

Attached  - xx/xx/xxxx

 EIN provided.  Condition resolved. - xx/xx/xxxx

Attached  - xx/xx/xxxx

 2026-04-15 17:45 Resolved 3 1 3 2
4000123246 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 9 xx/xx/xxxx Credit Corporation/LLC: Certificate of Good Standing Doc is Missing The loan file does not contain the Corporation/LLC: Certificate of Good Standing. Please provide the Certificate of Good Standing for xxxxxx.

Attached - xx/xx/xxxx

 Certificate of Good Standing was provided. Condition resolved. - xx/xx/xxxx

Attached - xx/xx/xxxx

 2026-04-15 17:47 Resolved 3 1 3 2
4000123246 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 9 xx/xx/xxxx Credit Corporation/LLC: Operating Agreement Doc is Missing The loan file does not contain the Corporation/LLC: Operating Agreement. Please provide the Operating Agreement/Entity Formation Documentation for xxxxxx.

Attached - xx/xx/xxxx

 Operating Agreement provided.  Condition resolved. - xx/xx/xxxx

Attached - xx/xx/xxxx

 2026-04-27 18:15 Resolved 3 1 3 2
4000123278 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 5 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-01 17:39 Cleared 1 1 3 1
4000123278 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 5 xx/xx/xxxx Credit Hazard Insurance Policy is Partial Hazard insurance policy partially provided. The hazard policy provided in the loan file is a business finder-receipt with an effective date of xx/xx/xxxx with no end date. Per the lender's guidelines, the policy must provide coverage for a term of at least One (1) Year.  Lender to provide the final hazard policy with an effective start date and end date of at least one year. 



HOI POLICY FOR 1 YEAR  - xx/xx/xxxx

 Hazard Insurance Policy is fully present including end date of xxxxxx. - xx/xx/xxxx
HOI POLICY FOR 1 YEAR  - xx/xx/xxxx
 2026-05-11 15:59 Resolved 3 1 3 1
4000123278 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 5 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report. 

FRAUD REPORT  - xx/xx/xxxx

 FRAUD REPORT  - xx/xx/xxxx

 FRAUD REPORT  - xx/xx/xxxx

 Cleared Fraud Report was provided. Condition resolved. - xx/xx/xxxx
Third party fraud report is provided - xx/xx/xxxx
FRAUD REPORT  - xx/xx/xxxx
Condition upheld.  Fraud Report shows HIGH Alerts that were not cleared.  Provide a Fraud Report showing HIGH Alerts were cleared or provide evidence they were investigated. 
1. xxxxxx - Potential undisclosed REO. (IDP_068)
2. xxxxxx - Borrower owns one or more properties, other than the subject property, that show listed for sale on MLS. (IDP_099)
3. Possible property flipping conditions in market high foreclosure activity and rising house prices (LS_017) - xx/xx/xxxx
FRAUD REPORT  - xx/xx/xxxx
Condition upheld.  Fraud Report provided has numerous HIGH Alerts that are not cleared.  Provide a cleared Fraud Report, or evidence the HIGH alerts were investigated. - xx/xx/xxxx
FRAUD REPORT  - xx/xx/xxxx
 2026-05-12 15:45 Resolved 3 1 3 1
4000123278 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU a with risk score < 2.5 which meets the lender's guidelines.





2026-05-01 17:40 Cleared 1 1 3 1
4000123278 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 5 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. REO xxxxxx stated per LOE and confirmed with mortgage statement not liable for note, but is on title. Rent loss $xxxxxx was factored/included in qualifying. No documentation or explanation in file to verify/validate the calculation of this expense included in qualifying.

REO as applicant is on title, not on mortgage.  - xx/xx/xxxx

 Received mortgage statement showing escrowed taxes and insurance amount of $xxxxxx. Rent loss for xxxxxx is for  taxes and insurance. Condition resolved.  - xx/xx/xxxx
REO as applicant is on title, not on mortgage.  - xx/xx/xxxx
 2026-05-11 15:57 Resolved 3 1 3 1
4000123282 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 2 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-01 23:14 Cleared 1 1 3 1
4000123282 xxxxx xxxxx xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 2 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-01 23:13 Cleared 1 1 3 1
4000123388 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 22:45 Cleared 1 1 1 1
4000123388 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-06 22:45 Cleared 1 1 1 1
4000123388 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-06 22:45 Cleared 1 1 1 1
4000123396 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 2 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-05 15:58 Cleared 1 1 1 1
4000123396 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 2 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-05 15:58 Cleared 1 1 1 1
4000123484 xx/xx/xxxx xxxxx xxxxx NV Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-26 13:32 Cleared 1 1 1 1
4000123484 xx/xx/xxxx xxxxx xxxxx NV Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-26 13:32 Cleared 1 1 1 1
4000123484 xx/xx/xxxx xxxxx xxxxx NV Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-26 13:32 Cleared 1 1 1 1
4000123493 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-17 16:54 Cleared 1 1 4 1
4000123493 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-17 16:54 Cleared 1 1 4 1
4000123493 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Business Purpose - Loan Guaranty/Missing The Personal Loan Guaranty is missing. The loan file is missing the Personal Guaranty. 



personal guaranty - xx/xx/xxxx

 Guaranty Agreement provided.  Condition resolved. - xx/xx/xxxx

The Personal Loan Guaranty is not missing. - xx/xx/xxxx

personal guaranty - xx/xx/xxxx

 2026-04-22 20:35 Resolved 4 1 4 1
4000123512 xx/xx/xxxx xxxxx xxxxx WA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 5 xx/xx/xxxx Credit Income - Guideline Requirements The income documents provided in the loan file did not meet guidelines. The loan closed on xx/xx/xxxx. The Primary Borrower was qualified using future income from a new position with xxxxxx., scheduled to begin on xx/xx/xxxx per the executed offer letter. Per xxxxxx Selling Guide B3‑3.3‑03, the most recent paystub and corresponding VVOE are required to be obtained prior to loan delivery. Alternatively, when the borrower’s start date is on or after the note date, the lender may obtain verification directly from the employer confirming that all terms of the offer letter remain unchanged. The required prior‑to‑delivery base income documentation is not present in the loan file. Accordingly, please provide the corresponding investor exception approval.
- CRED0082 Income Documentation is Insufficient - 1008
 

  attached is the first paystub.  - xx/xx/xxxx

 Attached is the investor exception on the income. We will follow up with the 1st paystub once available. - xx/xx/xxxx

 Confirmation of offer letter still in effect - xx/xx/xxxx

 Approved Exception provided for 1003 reflecting future employment w/o paystub.  First Paystub was provided. - xx/xx/xxxx
 attached is the first paystub.  - xx/xx/xxxx
Condition upheld.  This condition will remain until the paystub is provided. - xx/xx/xxxx
Attached is the investor exception on the income. We will follow up with the 1st paystub once available. - xx/xx/xxxx
Condition upheld.  Per xxxxxx/xxxxxx: an exception request should be submitted to xxxxxx  for review. It appears the employment is within the same field but not meeting the 24month requirement. - xx/xx/xxxx
Confirmation of offer letter still in effect - xx/xx/xxxx
 Expanded Prime Full Doc purchase transaction w/20% down payment, xxxxxx FICO, 40 months reserves, and $xxxxxx monthly residual income.  2026-05-01 17:00 Waived 3 2 3 2
4000123512 xx/xx/xxxx xxxxx xxxxx WA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 5 xx/xx/xxxx Credit Employment - Potential Issues The loan file verified potential employment issues which were not adequately addressed. The initial 1003 showed the Primary Borrower's Employer to be Rubrik, Inc. However, the Final 1003 shows the employment to be xxxxxx.  Investor Exception approval is needed, as the borrower is no longer employed at the same employer listed on the initial 1003.
- GIDE0001 Guideline Exception(s) -

 attached is the first paystub.  - xx/xx/xxxx

 Attached is the investor exception on the income.  We will follow up with the 1st paystub once available. - xx/xx/xxxx

  the borrower has new employment that begins after the note date. As such the employer was updated on the 1003 after the borrower made application. This why there was the change to employment between the initial and final 1003's. Attached is the offer letter and the LOE from the employer at closing confirming that the terms of the offer letter are still in effect - xx/xx/xxxx

 Approved Exception provided for 1003 reflecting future employment w/o paystub.  First Paystub was provided. - xx/xx/xxxx

 attached is the first paystub.  - xx/xx/xxxx

Condition upheld.  This condition will remain until the paystub is provided. - xx/xx/xxxx

Attached is the investor exception on the income.  We will follow up with the 1st paystub once available. - xx/xx/xxxx

Condition upheld.  Per xxxxxx/xxxxxx: an exception request should be submitted to xxxxxx xxxxxx for review. It appears the employment is within the same field but not meeting the 24month requirement. - xx/xx/xxxx

 the borrower has new employment that begins after the note date. As such the employer was updated on the 1003 after the borrower made application. This why there was the change to employment between the initial and final 1003's. Attached is the offer letter and the LOE from the employer at closing confirming that the terms of the offer letter are still in effect - xx/xx/xxxx

 Expanded Prime Full Doc purchase transaction w/20% down payment, xxxxxx FICO, 40 months reserves, and $xxxxxx monthly residual income. 2026-05-01 17:02 Resolved 3 1 3 2
4000123512 xx/xx/xxxx xxxxx xxxxx WA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 5 xx/xx/xxxx Credit Fraud Report Shows Uncleared Alerts Fraud Report shows uncleared alerts. The Data Integrity Risk Evaluation (Drive) Report dated 0xx/xx/xxxx reflects uncleared fraud alerts on pages 2–3.
 



 For the drive report defi - the drive report is passing. All high severity conditions were addressed by the underwriter which is what caused the score to pass. The report itself does not show the underwriters comments when the items are cleared but I have uploaded an explanation for each item. I have also uploaded the documentation the underwriter used to clear each item on the drive report - xx/xx/xxxx

 Cleared Fraud Report provided. - xx/xx/xxxx

All Fraud Report Alerts have been cleared or None Exist - xx/xx/xxxx

For the drive report defi - the drive report is passing. All high severity conditions were addressed by the underwriter which is what caused the score to pass. The report itself does not show the underwriters comments when the items are cleared but I have uploaded an explanation for each item. I have also uploaded the documentation the underwriter used to clear each item on the drive report - xx/xx/xxxx

 2026-04-20 15:07 Resolved 3 1 3 2
4000123512 xx/xx/xxxx xxxxx xxxxx WA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 5 xx/xx/xxxx Compliance Missing US Patriot Act Disclosure or ID Please provide copies of the current unexpired identification for each borrower as well as copies of the US Patriot Act Disclosures for each borrower. The Patriot Act Disclosures can be utilized for identification purposes as well. 

US Patriotic disc - xx/xx/xxxx

 Patriot Act Disclosure provided.   - xx/xx/xxxx

US Patriotic disc - xx/xx/xxxx

 2026-04-17 13:28 Resolved 2 1 3 2
4000123512 xx/xx/xxxx xxxxx xxxxx WA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-04-15 15:40 Cleared 1 1 3 2
4000123529 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-05 19:22 Cleared 1 1 1 1
4000123529 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-05 19:22 Cleared 1 1 1 1
4000123529 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-05 19:22 Cleared 1 1 1 1
4000123530 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-10 18:37 Cleared 1 1 3 1
4000123530 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. Missing the required 3rd party valuation product.



CDA value $xxxxxx.  Appraisal value $xxxxxx - xx/xx/xxxx

 CDA supporting value provided.  Condition resolved. - xx/xx/xxxx
CDA value $xxxxxx.  Appraisal value $xxxxxx - xx/xx/xxxx
 2026-04-14 17:00 Resolved 3 1 3 1
4000123530 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-10 18:37 Cleared 1 1 3 1
4000123562 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-05 16:27 Cleared 1 1 1 1
4000123562 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU and LCA with risk scores = or < 2.5 which meets the lender's guidelines.





2026-05-05 16:27 Cleared 1 1 1 1
4000123562 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-05 16:27 Cleared 1 1 1 1
4000123630 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-05 20:11 Cleared 1 1 1 1
4000123630 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-05 20:12 Cleared 1 1 1 1
4000123630 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-05 20:11 Cleared 1 1 1 1
4000123686 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-08 19:43 Cleared 1 1 1 1
4000123686 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-08 19:43 Cleared 1 1 1 1
4000123686 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-08 19:43 Cleared 1 1 1 1
4000123751 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-28 18:46 Cleared 1 1 3 1
4000123751 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-28 18:45 Cleared 1 1 3 1
4000123751 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Title Coverage is Less than Subject Lien(s) Total Title coverage is less than total amount of subject lien(s). Title proposed coverage amount of $xxxxxx < $xxxxxx minimum required. 

TPOL and Title Response - xx/xx/xxxx

 Final Title Policy provided.  Condition resolved. - xx/xx/xxxx
Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx.00+0+0 - xx/xx/xxxx
TPOL and Title Response - xx/xx/xxxx
 2026-05-01 18:06 Resolved 3 1 3 1
4000123814 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-10 18:46 Cleared 1 1 3 1
4000123814 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Fraud Report Shows Uncleared Alerts Fraud Report shows uncleared alerts. There are several uncleared alerts on page 2 of the xxxxxx xxxxxx Report dated xx/xx/xxxx @ xxxxxxAM. 

Fraud - xx/xx/xxxx

 Cleared Fraud Report provided.  Condition resolved. - xx/xx/xxxx

All Fraud Report Alerts have been cleared or None Exist - xx/xx/xxxx

Fraud - xx/xx/xxxx

 2026-04-14 16:15 Resolved 3 1 3 1
4000123814 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. Missing the required 3rd party valuation product.



CDA - xx/xx/xxxx

 CDA supporting value provided.  Condition resolved. - xx/xx/xxxx

CDA - xx/xx/xxxx

 2026-04-14 16:32 Resolved 3 1 3 1
4000123855 xx/xx/xxxx xxxxx xxxxx OH Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance PUD Rider is Missing PUD Rider is missing.

See attached  - xx/xx/xxxx

 Received re-recorded DOT with all riders - xx/xx/xxxx

See attached  - xx/xx/xxxx

 2026-05-07 15:11 Resolved 3 1 3 1
4000123855 xx/xx/xxxx xxxxx xxxxx OH Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-20 20:02 Cleared 1 1 3 1
4000123855 xx/xx/xxxx xxxxx xxxxx OH Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-20 20:03 Cleared 1 1 3 1
4000123873 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Compliance Missing required ARM Rider Deed of Trust is missing the Adjustable Rate Rider.  Lender to provide the fully executed ARM Rider to the mortgage. 



ARM Rider provided - xx/xx/xxxx

 ARM Rider - xx/xx/xxxx

 Adjustable Rate Rider is present or is Not Applicable (Note Type is ARM) - xx/xx/xxxx

ARM Rider provided - xx/xx/xxxx

ARM Rider - xx/xx/xxxx

 2026-05-11 18:28 Resolved 3 1 3 1
4000123873 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Compliance Missing evidence of rate lock Missing evidence of Rate Lock. Lender to provide the xxxxxx rate lock including any change requests or extensions. 



Rate Lock and Confirmation - xx/xx/xxxx

 xxxxxx Rate Lock provided.  Condition resolved. - xx/xx/xxxx

Rate Lock and Confirmation - xx/xx/xxxx

 2026-05-11 18:35 Resolved 3 1 3 1
4000123873 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report. Lender to provide the 3rd party fraud report prior dated prior to closing. 



Fraud - xx/xx/xxxx

 Fraud Report provided.  Condition resolved. - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

Fraud - xx/xx/xxxx

 2026-05-11 18:33 Resolved 3 1 3 1
4000123873 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-08 14:52 Cleared 1 1 3 1
4000123971 xx/xx/xxxx xxxxx xxxxx OK Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 23:55 Cleared 1 1 1 1
4000123971 xx/xx/xxxx xxxxx xxxxx OK Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-06 18:17 Cleared 1 1 1 1
4000123971 xx/xx/xxxx xxxxx xxxxx OK Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-06 23:55 Cleared 1 1 1 1
4000123993 xx/xx/xxxx xxxxx xxxxx AZ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-07 14:09 Cleared 1 1 1 1
4000123993 xx/xx/xxxx xxxxx xxxxx AZ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-07 14:10 Cleared 1 1 1 1
4000123993 xx/xx/xxxx xxxxx xxxxx AZ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-07 14:09 Cleared 1 1 1 1
4000124021 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 2 xx/xx/xxxx Credit Gift Letter - Missing A required gift letter was missing from the file and/or the donor funds were not verified. The gift letter provided by xxxxxx for the gift of $xxxxxx has not been signed/dated. Please provide the updated gift letter. 

see attached  - xx/xx/xxxx

 Signed Gift Letter was provided.  Condition resolved. - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-05 14:32 Resolved 3 1 3 1
4000124021 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 2 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-30 20:44 Cleared 1 1 3 1
4000124022 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit Borrower 1 3rd Party VOE Prior to Close Missing Borrower 1 3rd party VOE prior to close missing. Lender to provide a 10 day Pre Close VVOE for the borrower 



voe - xx/xx/xxxx

 VVOE was provided.  Condition resolved. - xx/xx/xxxx

Borrower 1 3rd Party VOE prior to close was provided. - xx/xx/xxxx

voe - xx/xx/xxxx

 2026-05-04 14:40 Resolved 3 1 3 1
4000124022 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-29 22:29 Cleared 1 1 3 1
4000124022 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-04-29 22:29 Cleared 1 1 3 1
4000124059 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 9 xx/xx/xxxx Credit Purchase is not considered to be an Arm's Length Transaction Non-arm's length transactions not allowed for program. Non-Arm's Length Transaction. Borrower's wife and the seller are related.





Exception Approved: Comp factors EP Primary residence purchase transaction with a 35% LTV, <10% DTI, xxxxxx FICO, 73 months reserves &
$xxxxxx+ monthly residual. No other exceptions allowed and subject to final review.		 2026-04-14 18:49 Waived 2 2 4 2
4000124059 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 6 of 9 xx/xx/xxxx Compliance Post Consummation CD Required 1) Missing the seller credit of $xxxxxx for the seller lease back for 150 days per the sales contract rider. 2) or an Purchase and Sale Amendment confirming the 150 day lease back no longer applies.

That was only listed as an exercisable option should they have chosen to do it.  They did not which is why no $xxxxxx was provided. Which is why we did not verify any form of housing for our borrower in the interim.  - xx/xx/xxxx

 Rider to contract of sale gives the seller option to stay in home up to 150 days after closing if the following conditions are met: deposit of $xxxxxx into escrow at closing to guarantee delivery of vacant property. This was listed as an option on the rider, not as a guarantee they will stay 150 days. No indication that the seller was going to stay in the home. No seller deposit of $xxxxxx was disclosed on final cd, no calculations of daily carry costs seller agreed to pay. No evidence in file that this occurred.  - xx/xx/xxxx

Condition on hold pending other conditions. - xx/xx/xxxx

That was only listed as an exercisable option should they have chosen to do it.  They did not which is why no $xxxxxx was provided. Which is why we did not verify any form of housing for our borrower in the interim.  - xx/xx/xxxx

 2026-04-21 17:19 Resolved 3 1 4 2
4000124059 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 8 of 9 xx/xx/xxxx Compliance TRID: Missing Loan Estimate Missing all Loan Estimate(s)

xx/xx/xxxx loan estimate  - xx/xx/xxxx

 Received ILE - xx/xx/xxxx

xx/xx/xxxx loan estimate  - xx/xx/xxxx

 2026-04-16 18:54 Resolved 4 1 4 2
4000124059 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 7 of 9 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. - xx/xx/xxxx

 2026-04-15 18:48 Cleared 1 1 4 2
4000124059 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 9 xx/xx/xxxx Compliance The Initial 1003 is Missing The Initial 1003 is missing.

initial 1003 - xx/xx/xxxx

 Initial Application was provided.  Condition resolved. - xx/xx/xxxx

The Initial 1003 is present. - xx/xx/xxxx

initial 1003 - xx/xx/xxxx

 2026-04-17 15:51 Resolved 3 1 4 2
4000124059 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 9 xx/xx/xxxx Credit Eligibility - Occupancy The intent and/or status of the borrower's occupancy is not supported in the file. The loan file reflected occupancy and address issues which were not sufficiently addressed. Verification of occupancy at 150 days is required as this exceeds the 60 days required for occupying the new primary residence as required per guides.



the borrower is buying a more expensive home  - xx/xx/xxxx

 Rider to contract of sale gives the seller option to stay in home up to 150 days after closing if the following conditions are met: deposit of $xxxxxx into escrow at closing to guarantee delivery of vacant property. This was listed as an option on the rider, not as a guarantee they will stay 150 days. No indication that the seller was going to stay in the home. No seller deposit of $xxxxxx was disclosed on final cd, no calculations of daily carry costs seller agreed to pay. No evidence in file that this occurred.  - xx/xx/xxxx

Condition upheld.  The seller lease back exceeds the 60-day occupancy requirement for purchase of primary residence.  Guidelines state property to be occupied within 60 days. The 60-day requirement to occupy the property is not negated by the purchase of more expensive home, Affidavit of Occupancy states that they will use the Property as primary residence within 60 days of transaction.  - xx/xx/xxxx

the borrower is buying a more expensive home  - xx/xx/xxxx

 2026-04-21 17:18 Resolved 3 1 4 2
4000124059 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 9 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. Missing the HOA statement for the retained departing residence or a letter attesting there is no HOA.



PLEASE REFER TO THE PROPERTY SEARCH SHOWING THERE IS NOT HOA.  - xx/xx/xxxx

 This is a single family and there is no HOA. please see attachment showing no HOA. - xx/xx/xxxx

 No HOA reflected.  - xx/xx/xxxx

PLEASE REFER TO THE PROPERTY SEARCH SHOWING THERE IS NOT HOA.  - xx/xx/xxxx

Provide MLS for the previous Primary - xx/xx/xxxx

This is a single family and there is no HOA. please see attachment showing no HOA. - xx/xx/xxxx

 2026-04-21 17:05 Resolved 3 1 4 2
4000124059 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 9 of 9 xx/xx/xxxx Compliance License: Loan Originator The Loan Originator Organization name and NMLS # are incorrect on both the note and the DOT

note and mortgage   - xx/xx/xxxx

 Received corrected, signed, notorized note and DOT - xx/xx/xxxx
Resolved - xx/xx/xxxx
note and mortgage   - xx/xx/x
A relationship between xxxxxx (NMLS ID: xxxxxx) and the company (Company NMLS ID: xxxxxx) does not exist in the NMLS Consumer Access as of xxxxxx. However, other relationship(s) were found in the NMLS Consumer Access for this individual and may be found in the NMLS Info section. - xx/xx/xxxx
 2026-05-01 15:10 Resolved 1 1 4 2
4000124059 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 9 xx/xx/xxxx Credit Program Parameters - Occupancy The subject loan does not meet program parameters for occupancy. Lender to provide clarification to determine if an xxxxxx exception is required for the 1) 150 day lease back to the seller, 2) and the allowing of the buyer's additional EMD requirement of $xxxxxx to be used for the purchase  of their replacement property prior to closing on the subject as this is not shown the xxxxxx exception approval. Initial EMD was 10% of the sales price of requiring EMD of $xxxxxx.

That was only listed as an exercisable option should they have chosen to do it.  They did not which is why no $xxxxxx was provided. Which is why we did not verify any form of housing for our borrower in the interim. The borrower is buying a more expensive and should be no occupancy concerns.  - xx/xx/xxxx

 Rider to contract of sale gives the seller option to stay in home up to 150 days after closing if the following conditions are met: deposit of $xxxxxx into escrow at closing to guarantee delivery of vacant property. This was listed as an option on the rider, not as a guarantee they will stay 150 days. No indication that the seller was going to stay in the home. No seller deposit of $xxxxxx was disclosed on final cd, no calculations of daily carry costs seller agreed to pay. No evidence in file that this occurred.  - xx/xx/xxxx

Condition upheld.  The seller lease back exceeds the 60-day occupancy requirement for purchase of primary residence.  Guidelines state property to be occupied within 60 days. The 60-day requirement to occupy the property is not negated by the purchase of more expensive home, Affidavit of Occupancy states that they will use the Property as primary residence within 60 days of transaction.  - xx/xx/xxxx

That was only listed as an exercisable option should they have chosen to do it.  They did not which is why no $xxxxxx was provided. Which is why we did not verify any form of housing for our borrower in the interim. The borrower is buying a more expensive and should be no occupancy concerns.  - xx/xx/xxxx

 2026-04-21 17:18 Resolved 3 1 4 2
4000124141 xx/xx/xxxx xxxxx xxxxx VT Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Property Value - Field Review Supports Value within 10% A Retro-Field Review was performed. The original appraised value is supported with a variance within 10%.



2026-05-26 13:27 Cleared 1 1 1 1
4000124141 xx/xx/xxxx xxxxx xxxxx VT Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-26 13:26 Cleared 1 1 1 1
4000124141 xx/xx/xxxx xxxxx xxxxx VT Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-26 13:26 Cleared 1 1 1 1
4000124144 xx/xx/xxxx xxxxx xxxxx CT Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 5 xx/xx/xxxx Credit Delinquent Credit History Does Not Meet Guideline Requirements Delinquent Credit History does not meet guideline requirements. There is a collection reporting on the credit report from xxxxxxt for $xxxxxx that was reported xx/xx/xxxx. Per guidelines, non-title charge-offs and collections within three (3) years that exceed $xxxxxx (individually or in the aggregate) must be paid. Documentation that this debt has been paid is missing from the loan file. 

Documentation provided that the account is well over 3 yrs old. Payoff not required.  - xx/xx/xxxx

 Collection is over 3 years old. Please see borrowers explanation and old credit report that shows it was transferred to a new creditor but is the same collection account from  nelnet





 - xx/xx/xxxx

 Delinquent Credit History Meets Guideline Requirements - xx/xx/xxxx

Documentation provided that the account is well over 3 yrs old. Payoff not required.  - xx/xx/xxxx

Collection is over 3 years old. Please see borrowers explanation and old credit report that shows it was transferred to a new creditor but is the same collection account from  nelnet





 - xx/xx/xxxx

 2026-05-11 17:21 Resolved 3 1 3 1
4000124144 xx/xx/xxxx xxxxx xxxxx CT Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 5 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-27 20:53 Cleared 1 1 3 1
4000124144 xx/xx/xxxx xxxxx xxxxx CT Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 5 xx/xx/xxxx Property Third party valuation product to support appraisal value is missing The CU score is unacceptable or not provided. Third party valuation required to support value of $xxxxxx.

2000A provided - xx/xx/xxxx

 Field review  - xx/xx/xxxx

 This was shipped with the file?  A condition added a month after the file being in review for the CDA tat was in file? - xx/xx/xxxx

 The CU/LCA score is provided. - xx/xx/xxxx

2000A provided - xx/xx/xxxx

Field review  - xx/xx/xxxx

Original appraisal was $xxxxxx. CDA provided reflected value of $xxxxxx. Lower value used for LTV. Investor has requested CDA to support value of $xxxxxx. All values must be supported per guidelines.  - xx/xx/xxxx

This was shipped with the file?  A condition added a month after the file being in review for the CDA tat was in file? - xx/xx/xxxx

 2026-07-01 15:17 Resolved 3 1 3 1
4000124144 xx/xx/xxxx xxxxx xxxxx CT Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 5 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. The loan was approved using a value of $xxxxxx. The appraisal reflects a value of $xxxxxx. Although the desk review also reflects a value of $xxxxxx, the risk score is high risk and does not support the appraised value within the required 10 percent tolerance. Please provide a valid third-party valuation product.

The loan was approved using a value of $xxxxxx. Why is this needed? Please escalate--we are using lower value. should not be getting additional desk review? - xx/xx/xxxx

 Appraisal has a value of $xxxxxx, and the third party CDA came is -16.67% lower at $xxxxxx.  Loan was locked with xxxxxx using the lower value of $xxxxxx.  Condition resolved. - xx/xx/xxxx

The loan was approved using a value of $xxxxxx. Why is this needed? Please escalate--we are using lower value. should not be getting additional desk review? - xx/xx/xxxx

 2026-04-29 14:16 Resolved 3 1 3 1
4000124144 xx/xx/xxxx xxxxx xxxxx CT Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 5 xx/xx/xxxx Credit Missing VOM or VOR Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. The loan for the subject property with SPS is not reporting on the credit report. The mortgage was obtained on xx/xx/xxxx. There are mortgage statements in file that cover the payment history for 11 months, but a twelve (12) month housing history is required for all occupancy types. Please provide the full 12 month history for the subject property. Reviewed mortgage statements provided, borrower had late fees but was not more than 30 days late in xx/xx/xxxx.


Borrower paid the mortgage within the month due for the past 12 months.  xx/xx/xxxx payment was made after the 16th so a late fee was charged but the borrower was never 30 days late. Please see statement attached.

Pmts
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx**** paid after the 16th but not 30 days late- see statement attached.
 - xx/xx/xxxx
 The xxxxxx and xxxxxx payment is on the same mtg stmt.-- we provided  12 months. Reuploading  - xx/xx/xxxx
 Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xx/xx/xxxx
Borrower paid the mortgage within the month due for the past 12 months.  xx/xx/xxxx payment was made after the 16th so a late fee was charged but the borrower was never 30 days late. Please see statement attached.

Pmts
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx
xx/xx/xxxx**** paid after the 16th but not 30 days late- see statement attached.
 - xx/xx/xxxx
Condition upheld.  12 months verification provided.  Borrower or Servicer to explain the $xxxxxx unpaid late charges on MLS statement dated xx/xx/xxxx and the previous ones provided back to xx/xx/xxxx.   - xx/xx/xxxx
The xxxxxx and xxxxxx payment is on the same mtg stmt.-- we provided  12 months. Reuploading  - xx/xx/xxxx
 2026-05-11 17:21 Resolved 3 1 3 1
4000124154 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-06 19:50 Cleared 1 1 1 1
4000124154 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 19:51 Cleared 1 1 1 1
4000124154 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-06 19:50 Cleared 1 1 1 1
4000124157 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Compliance PUD Rider is Missing PUD Rider is missing. The loan file is missing the PUD rider. 



attached - xx/xx/xxxx

 This is a Commercial Deed of Trust, Security Agreement, and Fixture Filing DOT.  There is no PUD Rider.  Condition resolved. - xx/xx/xxxx

attached - xx/xx/xxxx

 2026-04-21 14:34 Resolved 3 1 3 1
4000124157 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-17 14:39 Cleared 1 1 3 1
4000124157 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Compliance The Final 1003 is Missing The final 1003 is missing. The loan file is missing the Borrower's Signed Loan Application. 



attached - xx/xx/xxxx

 Final 1003 provided.  Condition resolved. - xx/xx/xxxx

The final 1003 has been provided. - xx/xx/xxxx

attached - xx/xx/xxxx

 2026-04-22 14:44 Resolved 3 1 3 1
4000124157 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-17 14:38 Cleared 1 1 3 1
4000124161 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 8 of 10 xx/xx/xxxx Property Property Issue - Ineligible Property The subject is an ineligible property and not allowed per guidelines. Per the lender's guidelines, xxxxxx (properties with a xxxxxx aesthetic, IE xxxxxx siding) may be considered on a case-by-case basis and will require an investor exception approval, subject to an additional LLPA. The subject property has faux log cabin features; however, the loan file does not contain an approved exception. 

exception form  - xx/xx/xxxx

 Approved Exception provided for: Subject being partial log exterior and zoned as agricultural.  - xx/xx/xxxx

exception form  - xx/xx/xxxx

 High Fico of xxxxxx, 12 months reserves, strong housing history and residual income. 2026-05-06 20:06 Waived 3 2 3 2
4000124161 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 10 xx/xx/xxxx Credit Borrower 1 CPA Letter Missing Borrower 1 CPA letter missing from the file. Loan files contain 1120S tax returns with a Schedule K1 which reflects the borrower is 50% owner. 

cpa letter  - xx/xx/xxxx

 Borrower 1 CPA letter provided - xx/xx/xxxx

CPA Letter provided.  Condition resolved. - xx/xx/xxxx

cpa letter  - xx/xx/xxxx

 2026-07-01 15:57 Resolved 1 1 3 2
4000124161 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 10 xx/xx/xxxx Credit Borrower 1 YTD Profit & Loss Missing Borrower 1 YTD Profit & Loss missing. Per lender guidelines, the loan file is missing the past 12 months YTD P&L. 



cpa letter  - xx/xx/xxxx

 processor cert and vvoe with searches  - xx/xx/xxxx

 P AND L  - xx/xx/xxxx

 P & L and CPA Letter provided.  Condition resolved. - xx/xx/xxxx
Borrower 1 YTD Profit & Loss Provided - xx/xx/xxxx
cpa letter  - xx/xx/xxxx
Per Guidelines: All Profit & Loss statements must be completed by an independent CPA / EA / CTEC. The CPA / EA / CTEC prepared P&L must be signed by both the Borrower and CPA / EA / CTEC.  Provide P&L as required per Guidelines, or an Approved Exception from xxxxxx. - xx/xx/xxxx
processor cert and vvoe with searches  - xx/xx/xxxx
Condition upheld.  P&L from xx/xx/xxxx - xx/xx/xxxx & xxxxxx- xxxxxx was provided.  P&L is signed by xxxxxx. Provide evidence of whom this person is and their appropriate license if required. - xx/xx/xxxx
P AND L  - xx/xx/xxxx
 2026-07-01 15:57 Resolved 3 1 3 2
4000124161 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 10 xx/xx/xxxx Compliance Missing Power of Attorney Missing an executed Power of Attorney granting the borrower authority to sign on behalf of his spouse.  The borrower signed the Deed of Trust as Attorney-in-Fact for xxxxxx, his spouse; however, the loan file is missing the Power of Attorney. 
poa  - xx/xx/xxxx

 Received POA - xx/xx/xxxx

poa  - xx/xx/xxxx

 2026-05-06 15:45 Resolved 3 1 3 2
4000124161 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 10 of 10 xx/xx/xxxx Credit Business Purpose Affidavit/Disclosure is required Missing Business Purpose Affidavit. This is a business purpose loan. The Business Purpose Affidavit/Disclosure is required. Missing The Business Purpose Affidavit/Disclosure is required. This is a business purpose loan. The Business Purpose Affidavit/Disclosure is required. This is a business purpose loan. The Business Purpose Affidavit/Disclosure is required. Missing The Business Purpose Affidavit/Disclosure is required.
 







 business affidavit  - xx/xx/xxxx

 Business Purpose and Occupancy Affidavit was provided.  Condition resolved. - xx/xx/xxxx

The Business Purpose Affidavit/Disclosure has been found or determined missing. - xx/xx/xxxx

business affidavit  - xx/xx/xxxx

 2026-05-11 15:54 Resolved 1 1 3 2
4000124161 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 7 of 10 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report. 

FRAUD REPORT  - xx/xx/xxxx

 Fraud Report provided. Condition resolved. - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

FRAUD REPORT  - xx/xx/xxxx

 2026-05-06 19:57 Resolved 3 1 3 2
4000124161 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 10 xx/xx/xxxx Compliance The Final 1003 is Missing The final 1003 is missing. The loan file contains an initial loan application dated xx/xx/xxxx but is missing the final loan application. The subject loan closed on xx/xx/xxxx. 

FINAL 1003  - xx/xx/xxxx

 The final 1003 has been provided. - xx/xx/xxxx

Received final 1003 - xx/xx/xxxx

FINAL 1003  - xx/xx/xxxx

 2026-05-06 15:44 Resolved 3 1 3 2
4000124161 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 10 xx/xx/xxxx Credit Approval/Underwriting Summary Not Provided The loan did not contain the Approval/Underwriting Summary.

1008 - xx/xx/xxxx

 1008 was provided. Condition resolved. - xx/xx/xxxx

Approval/Underwriting Summary is fully present - xx/xx/xxxx

1008 - xx/xx/xxxx

 2026-05-06 19:55 Resolved 3 1 3 2
4000124161 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 9 of 10 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. Missing evidence of HOA payment for investment property located at xxxxxx.  This property is a Condo.  The mortgage statement verified taxes and insurance are escrowed but does not verify HOA are escrowed.

Missing evidence No HOA for investment properties located at xxxxxx & xxxxxx

 HOA CERTIFICATION xxxxxx  - xx/xx/xxxx
  - xx/xx/xxxx
 property is a single family.  - xx/xx/xxxx
 The Final HOA verification was provided.  Condition resolved. - xx/xx/xxxx
HOA CERTIFICATION xxxxxx  - xx/xx/xxxx
Condition upheld. Documentation was provided for xxxxxx. Documentation was previously provided for xxxxxx. Missing evidence of HOA payment for investment property located at xxxxxx.  - xx/xx/xxxx
xxxxxx  - xx/xx/xxxx
Condition upheld.  Documentation was provided for xxxxxx.  Provide the remaining documentation to suffice the condition.  Missing evidence of HOA payment for investment property located at xxxxxx. This property is a Condo. The mortgage statement verified taxes and insurance are escrowed but does not verify HOA are escrowed. Missing evidence No HOA for investment properties located at xxxxxx. - xx/xx/xxxx
property is a single family.  - xx/xx/xxxx
 2026-05-22 12:43 Resolved 3 1 3 2
4000124161 xx/xx/xxxx xxxxx xxxxx TN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 10 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. The loan file contains a CU with a risk score of 2.8 and LCA with no score. Lender to provide an acceptable 3rd party valuation product.



desk review  - xx/xx/xxxx

 CDA supporting the value was provided.  Condition resolved. - xx/xx/xxxx

desk review  - xx/xx/xxxx

 2026-05-11 15:35 Resolved 3 1 3 2
4000124173 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-27 14:33 Cleared 1 1 4 1
4000124173 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Credit Fraud Report Shows Uncleared Alerts Fraud Report shows uncleared alerts. Uncleared alerts are noted on page 2 of the xxxxxx xxxxxx Report dated xx/xx/xxxx. Please resolve and document clearance.



Pineda- fraud report alerts cleared - xx/xx/xxxx

 Cleared Fraud Report provided.  Condition resolved. - xx/xx/xxxx

All Fraud Report Alerts have been cleared or None Exist - xx/xx/xxxx

Pineda- fraud report alerts cleared - xx/xx/xxxx

 2026-04-28 14:53 Resolved 3 1 4 1
4000124173 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-27 14:32 Cleared 1 1 4 1
4000124173 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Credit Business Purpose - Loan Guaranty/Missing The Personal Loan Guaranty is missing. Could not locate required documentation in file



Personal Guaranty Agreement  - xx/xx/xxxx

 Business Purpose  - xx/xx/xxxx

 Personal Guaranty was provided.  Condition resolved. - xx/xx/xxxx
The Personal Loan Guaranty is not missing. - xx/xx/xxxx
Personal Guaranty Agreement  - xx/xx/xxxx
Condition upheld.  A Business Purpose & Occupancy Affidavit was provided.  The loan file is missing the Personal Guaranty Agreement as required per guidelines.  Borrower signed the Standard xxxxxx.xxxxxx Fixed Rate Note as President of an LLC.  - xx/xx/xxxx
Business Purpose  - xx/xx/xxxx
 2026-05-01 14:21 Resolved 4 1 4 1
4000124218 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 23:06 Cleared 1 1 4 1
4000124218 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance TRID: Missing Initial Closing Disclosure The loan file does not contain the initial Closing Disclosure.

Initial Closing Disclosure issued xx/xx/xxxx per review of lender's compliance report is missing from file; finding is valid - xx/xx/xxxx

 

ICD is in the file - xx/xx/xxxx

 Received ICD - xx/xx/xxxx

ICD is in the file - xx/xx/xxxx

 2026-05-07 13:55 Resolved 4 1 4 1
4000124218 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-06 23:06 Cleared 1 1 4 1
4000124221 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 7 xx/xx/xxxx Credit Hazard Insurance Effective Date is after the Disbursement Date Hazard insurance effective date is after the disbursement date. The loan disbursement date is xx/xx/xxxx, but the hazard policy effective date is xxxxxx. Please provide the updated hazard policy.

HOI - xx/xx/xxxx

 Corrected HOI Policy provided.  Condition resolved. - xx/xx/xxxx
Hazard Insurance Effective Date of xxxxxx is prior to or equal to the Disbursement Date of xxxxxx Or the Date(s) Are Not Provided - xx/xx/xxxx
HOI - xx/xx/xxxx
 2026-04-30 17:47 Resolved 3 1 3 1
4000124221 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 7 xx/xx/xxxx Credit Gift Letter - No Evidence for Transfer of Funds No evidence of the transfer of gift funds from the donor to the borrower was located in the file. Please provide documentation of the transfer of the gift of $xxxxxx to closing. 

Gift fund - xx/xx/xxxx

 Wire receipt for Gift of $xxxxxx was provided.  Condition resolved. - xx/xx/xxxx
Gift fund - xx/xx/xxxx
 2026-04-30 17:44 Resolved 3 1 3 1
4000124221 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 5 of 7 xx/xx/xxxx Credit OFAC Check Not Completed and/or Cleared OFAC check not completed and/or cleared. Missing OFAC for non-borrowing spouse on title - xxxxxx

 SOS - xx/xx/xxxx
 Please waive -• We’re happy to provide OFAC for the xxxxxx if needed; however, this party is not acting as a loan agent, is not required to be verified, and does not carry any financial responsibility on the loan.  In our experience, loans commonly close without these items being requested, and they do not present additional risk to the overall loan profile. - xx/xx/xxxx
 Cleared OFAC check was provided.  Condition resolved. - xx/xx/xxxx
OFAC Check Completed and Cleared - xx/xx/xxxx
SOS - xx/xx/xxxx
Condition upheld.  The individual in question is a non-borrowing spouse on title. - xx/xx/xxxx
Please waive -• We’re happy to provide OFAC for the xxxxxx if needed; however, this party is not acting as a loan agent, is not required to be verified, and does not carry any financial responsibility on the loan.  In our experience, loans commonly close without these items being requested, and they do not present additional risk to the overall loan profile. - xx/xx/xxxx
 2026-05-04 17:44 Resolved 3 1 3 1
4000124221 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 6 of 7 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. Please provide the third party valuation review product that supports the appraised value of $xxxxxx.

Fannie UCDP risk score 1.4 - xx/xx/xxxx

 CU with a score of 1.4 was provided.  Condition resolved. - xx/xx/xxxx

Fannie UCDP risk score 1.4 - xx/xx/xxxx

 2026-04-29 16:14 Resolved 3 1 3 1
4000124221 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 7 of 7 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-04-28 18:03 Cleared 1 1 3 1
4000124221 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 7 xx/xx/xxxx Credit Purchase Contract - Addendum Missing The Purchase Contract Addendum is missing.  Sales contract set to close xx/xx/xxxx. The Note date is xxxxxx. Missing the extension to closing for xx/xx/xxxx supporting the loan closing date and all same terms apply.

addendum - xx/xx/xxxx

 Asking this to be waive- • An addendum to extend the COE date is generally considered best practice, but it is not a formal requirement. If the parties were not aligned, the transaction would not have proceeded to closing. - xx/xx/xxxx

 Contract addendum extending to xx/xx/xxxx was provided.  Condition resolved. - xx/xx/xxxx

addendum - xx/xx/xxxx

Condition upheld.  Contract states if not extended, then Contract is voided.  Provide the addendum as closing occurred more than 30 days after date stated on contract. - xx/xx/xxxx

Asking this to be waive- • An addendum to extend the COE date is generally considered best practice, but it is not a formal requirement. If the parties were not aligned, the transaction would not have proceeded to closing. - xx/xx/xxxx

 2026-05-04 17:42 Resolved 2 1 3 1
4000124221 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 7 xx/xx/xxxx Credit Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete.  Rent free letter has no dates or length of its free tenancy with relative. 



Document Uploaded.  - xx/xx/xxxx
 The letter states he lived rent free since xxxxxx.   The letter is very thorough. Please escalate this. - xx/xx/xxxx
 Condition upheld.  Uploaded letter is still the same.  Letter provided does not state how long Borrower has been living at xxxxxx, which is required. Letter also makes comment about confirming residency status. Please explain. - xx/xx/xxxx
 Updated LOE - xx/xx/xxxx
 consent has the date when the letter was signed and dated. - xx/xx/xxxx
 Rent Free letter was provided stating borrower has lived rent free since xxxxxx.  Condition resolved. - xx/xx/xxxx
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - xx/xx/xxxx
Document Uploaded.  - xx/xx/xxxx
The letter states he lived rent free since xxxxxx.   The letter is very thorough. Please escalate this. - xx/xx/xxxx
Condition upheld. Uploaded letter is still the same. Letter provided does not state how long Borrower has been living at xxxxxx, which is required. Letter also makes comment about confirming residency status. Please explain. - xx/xx/xxxx
Condition upheld.  Uploaded letter is still the same.  Letter provided does not state how long Borrower has been living at xxxxxx, which is required. Letter also makes comment about confirming residency status. Please explain. - xx/xx/xxxx
Updated LOE - xx/xx/xxxx
Condition upheld.  Letter provided does not state how long Borrower has been living at xxxxxx, which is required.  Letter also makes comment about confirming residency status.  Please explain.  - xx/xx/xxxx
consent has the date when the letter was signed and dated. - xx/xx/xxxx
 2026-05-04 19:08 Resolved 3 1 3 1
4000124222 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit Borrower 1 3rd Party VOE Prior to Close Missing Borrower 1 3rd party VOE prior to close missing. Lender to provide the 10-day pre- close VVOE for the borrower 



VOE - xx/xx/xxxx

 VVOE provided. Condition resolved. - xx/xx/xxxx

Borrower 1 3rd Party VOE prior to close was provided. - xx/xx/xxxx

VOE - xx/xx/xxxx

 2026-06-01 17:08 Resolved 3 1 3 1
4000124222 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-28 15:27 Cleared 1 1 3 1
4000124222 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-28 15:27 Cleared 1 1 3 1
4000124288 xx/xx/xxxx xxxxx xxxxx WA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-06 17:08 Cleared 1 1 3 1
4000124288 xx/xx/xxxx xxxxx xxxxx WA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Income - Rental Property Rental income is not properly documented and/or supported. Missing evidence of the 2 months of the rents received of $xxxxxx or Evidence that rent is market rate (free online source is permitted) for REO: xxxxxx.

Correct bank statements for 2 months rent - xx/xx/xxxx
 xxxxxx docs - xx/xx/xxxx
 Evidence of two months rental payment receipt was provided. Condition resolved. - xx/xx/xxxx
Correct bank statements for 2 months rent - xx/xx/xxxx
Condition upheld.  Multiple Business Bank Statements were provided.  Unable to determine what they are to prove.  Rental amount is $xxxxxx per month. There are no transactions for that amount. - xx/xx/xxxx
xxxxxx - xx/xx/xxxx
 2026-05-14 18:54 Resolved 3 1 3 1
4000124288 xx/xx/xxxx xxxxx xxxxx WA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 17:08 Cleared 1 1 3 1
4000124297 xx/xx/xxxx xxxxx xxxxx NY Second Home Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 5 xx/xx/xxxx Credit Credit Documentation - Letter of Explanation The loan file did not contain a letter of explanation as required. The subject transaction is for the purchase of a 2nd home (primary is rent free) with a distance of only 29 miles/1hr30min from the primary residence. The limited distance is not considered 'reasonable.' Provide an LOE regarding.



Approved Exception - xx/xx/xxxx

 Please escalate to SR Management for review - NOT a Jumbo loan and therefore, this is NOT required.  - Please waive both remaining suspense's.

Purchase Contract - Addendum Missing -- The Purchase Contract Addendum is missing.,The sales contract was set to close on or about xx/xx/xxxx. Loan closed xx/xx/xxxx - Missing the sales contract addendum extending the closing date and keeping same terms.

 - xx/xx/xxxx

 Approved Exception provided for: Allow the purchase of a 2nd Home within 29 miles of Primary and remove condition for Motivation Letter. - xx/xx/xxxx

Approved Exception - xx/xx/xxxx

xxxxxx has asked that you submit for a formal exception via the portal, thank you.  - xx/xx/xxxx

Please escalate to SR Management for review - NOT a Jumbo loan and therefore, this is NOT required.  - Please waive both remaining suspense's.

Purchase Contract - Addendum Missing -- The Purchase Contract Addendum is missing.,The sales contract was set to close on or about xx/xx/xxxx. Loan closed xx/xx/xxxx - Missing the sales contract addendum extending the closing date and keeping same terms.

 - xx/xx/xxxx

 LTV of 60%, xxxxxx FICO, Strong Reserves of 17 months, and Residual Income of $xxxxxx. 2026-05-11 18:05 Waived 3 2 3 2
4000124297 xx/xx/xxxx xxxxx xxxxx NY Second Home Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 5 xx/xx/xxxx Credit Program Parameters - Occupancy The subject loan does not meet program parameters for occupancy. Missing borrower's motivation letter - 2nd home is superior to the current residence living rent free - missing explanation for not making this the primary residence. 



Approved Exception - xx/xx/xxxx

 NOT a Jumbo loan and therefore, this is NOT required. 

Purchase Contract - Addendum Missing -- The Purchase Contract Addendum is missing.,The sales contract was set to close on or about xx/xx/xxxx. Loan closed xx/xx/xxxx - Missing the sales contract addendum extending the closing date and keeping same terms.

 - xx/xx/xxxx

 Approved Exception provided for: Allow the purchase of a 2nd Home within 29 miles of Primary and remove condition for Motivation Letter. - xx/xx/xxxx

Approved Exception - xx/xx/xxxx

xxxxxx has asked that you submit for a formal exception via the portal, thank you.  - xx/xx/xxxx

NOT a Jumbo loan and therefore, this is NOT required. 

Purchase Contract - Addendum Missing -- The Purchase Contract Addendum is missing.,The sales contract was set to close on or about xx/xx/xxxx. Loan closed xx/xx/xxxx - Missing the sales contract addendum extending the closing date and keeping same terms.

 - xx/xx/xxxx

 LTV of 60%, xxxxxx FICO, Strong Reserves of 17 months, and Residual Income of $xxxxxx. 2026-05-11 18:06 Waived 3 2 3 2
4000124297 xx/xx/xxxx xxxxx xxxxx NY Second Home Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-21 20:07 Cleared 1 1 3 2
4000124297 xx/xx/xxxx xxxxx xxxxx NY Second Home Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 5 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-04-21 20:08 Cleared 1 1 3 2
4000124297 xx/xx/xxxx xxxxx xxxxx NY Second Home Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 5 xx/xx/xxxx Credit Purchase Contract - Addendum Missing The Purchase Contract Addendum is missing. The sales contract was set to close on or about xx/xx/xxxx. Loan closed xx/xx/xxxx - Missing the sales contract addendum extending the closing date and keeping same terms. 

Email from Attorney confirming closing extension - no addendums required for state of xxxxxx - xx/xx/xxxx
 Email from Attorney provided.  Condition resolved. - xx/xx/xxxx
Email from Attorney confirming closing extension - no addendums required for state of xxxxxx - xx/xx/xxxx
 2026-04-24 19:16 Resolved 2 1 3 2
4000124376 xx/xx/xxxx xxxxx xxxxx MS Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 8 xx/xx/xxxx Credit Asset 2 Expired Asset expired. xxxxxx is dated xx/xx/xxxx. 

attached - xx/xx/xxxx

 asset - xx/xx/xxxx

 Updated asset statement provided.  Condition resolved. - xx/xx/xxxx
Asset 2 Not Expired Or Not Applicable - xx/xx/xxxx
attached - xx/xx/xxxx
Condition upheld.  The asset statement for xxxxxx is dated xx/xx/xxxx and has expired.  Provide an updated statement.  If these assets are removed, Borrower is short funds to close and reserves.  - xx/xx/xxxx
asset - xx/xx/xxxx
 2026-04-30 18:49 Resolved 3 1 3 1
4000124376 xx/xx/xxxx xxxxx xxxxx MS Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 8 xx/xx/xxxx Credit Asset Qualification Does Not Meet Guideline Requirements Asset Qualification does not meet guideline requirements.xxxxxx is dated xx/xx/xxxx.  Asset Qualification does not meet guideline Requirements


asset  - xx/xx/xxxx

 asset rent free - xx/xx/xxxx

 Updated asset statement provided.  Condition resolved. - xx/xx/xxxx
Asset Qualification Meets Guideline Requirements - xx/xx/xxxx
asset  - xx/xx/xxxx
Condition upheld.  The asset statement for xxxxxx is dated xx/xx/xxxx and has expired.  Provide an updated statement.  If these assets are removed, Borrower is short funds to close and reserves.  - xx/xx/xxxx
asset rent free - xx/xx/xxxx
 2026-04-30 18:48 Resolved 3 1 3 1
4000124376 xx/xx/xxxx xxxxx xxxxx MS Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 8 xx/xx/xxxx Property Appraisal - Owner of Record The appraisal Owner of Record does not match the title and/or sales contract. The appraisal shows the current owner asxxxxxx. The current owners are xxxxxx AND xxxxxx and they usedxxxxxx as their POA. Correction is needed on the appraisal.

appr - xx/xx/xxxx

 Corrected Appraisal was provided.  Condition resolved. - xx/xx/xxxx

appr - xx/xx/xxxx

 2026-05-05 18:33 Resolved 2 1 3 1
4000124376 xx/xx/xxxx xxxxx xxxxx MS Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 6 of 8 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-21 14:41 Cleared 1 1 3 1
4000124376 xx/xx/xxxx xxxxx xxxxx MS Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 8 xx/xx/xxxx Credit Credit Profile - Insufficient Tradelines The documented tradelines do not meet the minimum tradelines required per guidelines. Each Borrower’s credit profile must include a minimum of two (2) trade lines within the last twenty-four (24) months that show a twelve (12) month history. The only qualifying tradeline is the 1 mortgage on the REO. The other tradeline closed xxxxxx and do not meet guides.

loe - xx/xx/xxxx

 Guidelines state tradeline activity is not required and can be open or closed.  Tradeline requirement has been met.  Condition resolved. - xx/xx/xxxx

loe - xx/xx/xxxx

 2026-04-27 14:23 Resolved 3 1 3 1
4000124376 xx/xx/xxxx xxxxx xxxxx MS Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 8 xx/xx/xxxx Credit Eligibility - Occupancy The intent and/or status of the borrower's occupancy is not supported in the file. The loan file reflected occupancy and address issues which were not sufficiently addressed. Gift funds are to 'husband' xxxxxx for the purchase of the subject and all funds in the subject transaction come from the 'husband' living at different address in same state. Per rent free letter the borrower has lived with cousin rent free for 2 years and at a different address. Verification of occupancy is needed. xxxxxx is not a party to the title nor mortgage. There is no attestation from the borrower regarding the familial relationship between them and xxxxxx supporting the final gift letter fromxxxxxx to the borrower as stated all gift funds are to xxxxxx for the purchase of the subject. 

loe - xx/xx/xxxx

 LOE, Gift Letter and Rent Free Letter provided.  Condition resolved. - xx/xx/xxxx

loe - xx/xx/xxxx

 2026-04-28 18:08 Resolved 3 1 3 1
4000124376 xx/xx/xxxx xxxxx xxxxx MS Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 7 of 8 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-04-21 14:41 Cleared 1 1 3 1
4000124376 xx/xx/xxxx xxxxx xxxxx MS Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 8 of 8 xx/xx/xxxx Credit Cash reserves less than required by guidelines Total Cash reserves of '$xxxxxx' are less than $xxxxxx.


Condition set in error. - xx/xx/xxxx
Total Cash reserves are greater than $xxxxxx. - xx/xx/xxxx
 2026-04-30 18:50 Resolved 3 1 3 1
4000124387 xx/xx/xxxx xxxxx xxxxx NM Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-28 18:12 Cleared 1 1 1 1
4000124387 xx/xx/xxxx xxxxx xxxxx NM Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-28 18:12 Cleared 1 1 1 1
4000124387 xx/xx/xxxx xxxxx xxxxx NM Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-28 18:12 Cleared 1 1 1 1
4000124462 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 17:22 Cleared 1 1 4 1
4000124462 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance The Deed of Trust is Incomplete The Deed of Trust is incomplete. Lender to provide notary/signature page for the deed of trust. 



DOT - xx/xx/xxxx

 The Deed of Trust is present and complete - xx/xx/xxxx

Received executed and notorized DOT - xx/xx/xxxx

DOT - xx/xx/xxxx

 2026-05-07 16:38 Resolved 4 1 4 1
4000124462 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-06 17:21 Cleared 1 1 4 1
4000124471 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-10 17:03 Cleared 1 1 4 1
4000124471 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-10 17:04 Cleared 1 1 4 1
4000124471 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-10 17:04 Cleared 1 1 4 1
4000124471 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit Business Purpose - Loan Guaranty/Missing The Personal Loan Guaranty is missing. The Personal Loan Guaranty is missing Missing Loan Guaranty



Guaranty - xx/xx/xxxx

 Guaranty Agreement was provided.  Condition resolved. - xx/xx/xxxx

The Personal Loan Guaranty is not missing. - xx/xx/xxxx

Guaranty - xx/xx/xxxx

 2026-06-22 19:42 Resolved 4 1 4 1
4000124482 xx/xx/xxxx xxxxx xxxxx MA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-30 19:24 Cleared 1 1 3 1
4000124482 xx/xx/xxxx xxxxx xxxxx MA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-30 19:23 Cleared 1 1 3 1
4000124482 xx/xx/xxxx xxxxx xxxxx MA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit Credit Documentation - Letter of Explanation The loan file did not contain a letter of explanation as required. Lender to provide a LOX from the borrower regarding the recent late payments to xxxxxx.
Per guidelines-All derogatory revolving and installment accounts > sixty (60) days within four (4) years of closing require a full explanation

LOE - xx/xx/xxxx

 LOE for Derog Credit was provided.  Condition resolved - xx/xx/xxxx

LOE - xx/xx/xxxx

 2026-05-13 13:43 Resolved 3 1 3 1
4000124482 xx/xx/xxxx xxxxx xxxxx MA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-30 19:25 Cleared 1 1 3 1
4000124516 xx/xx/xxxx xxxxx xxxxx SC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance PUD Rider is Missing PUD Rider is missing. The subject property is located in a PUD, but the PUD rider is missing from the loan file. 



See attached the re-recorded mortgage including the PUD rider - xx/xx/xxxx

 Received re-recorded mortgage including all riders - xx/xx/xxxx

See attached the re-recorded mortgage including the PUD rider - xx/xx/xxxx

 2026-05-20 14:55 Resolved 3 1 3 1
4000124516 xx/xx/xxxx xxxxx xxxxx SC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. Please provide the third-party valuation review product that supports the appraised value of $xxxxxx

CDA value $xxxxxx.  Appraisal value $xxxxxx.  Within 10% - xx/xx/xxxx
 CDA supporting value provided.  Condition resolved. - xx/xx/xxxx
CDA value $xxxxxx.  Appraisal value $xxxxxx.  Within 10% - xx/xx/xxxx
 2026-04-15 17:34 Resolved 3 1 3 1
4000124516 xx/xx/xxxx xxxxx xxxxx SC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



The loan meets all applicable credit guidelines. - xx/xx/xxxx

 2026-04-13 18:46 Cleared 1 1 3 1
4000124532 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-09 18:46 Cleared 1 1 1 1
4000124532 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-06-09 18:46 Cleared 1 1 1 1
4000124532 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-09 18:46 Cleared 1 1 1 1
4000124535 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-05 19:31 Cleared 1 1 1 1
4000124535 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-05 19:31 Cleared 1 1 1 1
4000124535 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-05 19:31 Cleared 1 1 1 1
4000124617 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Missing letter of explanation A Letter of Explanation (LOE) by the Borrower is required to detail relevant real estate experience. A Letter of Explanation (LOE) by the Borrower is required to detail relevant real estate experience.



Attached signed LOX - xx/xx/xxxx

 Letter from Borrower was provided stating no real estate investment experience. Loan still meets guidelines as; the Calculated DSCR is xxxxx, and Borrower's FICO is xxxxxx. No other exceptions in the file. - xx/xx/xxxx
Letter from Borrower was provided stating no real estate investment experience.  Loan still meets guidelines as; the Calculated DSCR is xxxxxx, and Borrower's FICO is xxxxxx.  No other exceptions in the file.  - xx/xx/xxxx
Attached signed LOX - xx/xx/xxxx
 2026-05-06 14:24 Resolved 3 1 3 1
4000124617 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
 

2026-04-29 20:35 Cleared 1 1 3 1
4000124617 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 

2026-04-29 20:36 Cleared 1 1 3 1
4000124620 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-13 21:15 Cleared 1 1 3 1
4000124620 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 4 xx/xx/xxxx Credit Income - Guideline Requirements The income documents provided in the loan file did not meet guidelines. Please provide a copy of a fully executed business narrative including details relating to the size / score and operating profile of the business.  Additionally, it must include the following: Description of Business / Business Profile, Location and Associated Rent, Number of Employees / Contractors, Estimated Cost of Goods Sold if any, Materials / Trucks / Equipment, and Commercial or Retail Client Base.
 



 1008, business narrative - xx/xx/xxxx

 Business Narrative was provided.  Condition resolved. - xx/xx/xxxx

1008, business narrative - xx/xx/xxxx

 2026-05-21 16:06 Resolved 3 1 3 1
4000124620 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 4 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-13 21:15 Cleared 1 1 3 1
4000124620 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 4 xx/xx/xxxx Credit Assets - Miscellaneous The loan file does not contain all required asset documentation. Due to business assets being used toward closing and/or reserves, a signed letter from a CPA or Underwriter Cash Flow Analysis is required to verify that the withdrawal of funds for the transaction will not have a negative impact on the business.



LLC OPERATING AGREEMENT SHOWING 100% OWNERSHIP - xx/xx/xxxx
 please see attached cash flow analysis , unable to attached yesterday along with uw rebuttal. hope this will suffice and clear condition - xx/xx/xxxx
 Requesting your upper management to review. As per our underwriter We are qualifying using 12mos business bank statement income doc type NOT full doc so a cash flow analysis form 1084 wouldn’t be applicable in this instance. Documenting UW rationale for use of business assets on the 1008 has always been acceptable to investors / TPR Firm. Please see attached excel sheet of UW’s rationale / analysis for use of business assets. - xx/xx/xxxx
 as per our underwriter please see attached revised final 1008 to correct 12mos business bank statements thru xx/xx/xxxx.
The guidelines say a CPA letter or Underwriter’s cash flow analysis which provided in the comment section of the revised final 1008 below.
Also attached is the 12mos business bank statements that were also include in the file w/ xx/xx/xxxx statement showing an end balance of $xxxxxx after all business expenses paid. - xx/xx/xxxx
 1008, business narrative - xx/xx/xxxx
 LLC showing Ownership was provided. Condition resolved. - xx/xx/xxxx
LLC OPERATING AGREEMENT SHOWING 100% OWNERSHIP - xx/xx/xxxx
Per 1008 Loan was manually UW to MVP Guidelines dated xx/xx/xxxx. Loans submitted to xxxxxx  Funding must follow xxxxxx guidelines. Per xxxxxx V8.8, section 8.1.2 -Ownership percentage must be documented via CPA letter, Operating Agreement, or equivalent. This has also been sent to xxxxxx. - xx/xx/xxxx
please see attached cash flow analysis , unable to attached yesterday along with uw rebuttal. hope this will suffice and clear condition - xx/xx/xxxx
Per management.  Per guidelines:  Ownership percentage must be documented via CPA letter, Operating Agreement, or equivalent.
Provide a third-party verification of the ownership percentage of the Business.  The Business Narrative completed by Borrower does not suffice.  The xxxxxx print-out in file does not show Ownership percentage and lists two Managers.  - xx/xx/xxxx
Condition upheld.  Provide the Underwriter Cash Flow Analysis ( Form 1084).  A Statement on a 1008 is not allowed per guidelines. - xx/xx/xxxx
Requesting your upper management to review. As per our underwriter We are qualifying using 12mos business bank statement income doc type NOT full doc so a cash flow analysis form 1084 wouldn’t be applicable in this instance. Documenting UW rationale for use of business assets on the 1008 has always been acceptable to investors / TPR Firm. Please see attached excel sheet of UW’s rationale / analysis for use of business assets. - xx/xx/xxxx
as per our underwriter please see attached revised final 1008 to correct 12mos business bank statements thru xx/xx/xxxx.
The guidelines say a CPA letter or Underwriter’s cash flow analysis which provided in the comment section of the revised final 1008 below.
Also attached is the 12mos business bank statements that were also include in the file w/ xx/xx/xxxx statement showing an end balance of $xxxxxx after all business expenses paid. - xx/xx/xxxx
Document Uploaded. Condition upheld.  A 1008 and Business Narrative was provided.  These items do not suffice clearing the condition.  Please see the attached Guideline for Use of Business Assets and provide the required documentation.  - xx/xx/xxxx
1008, business narrative - xx/xx/xxxx
 2026-06-03 20:46 Resolved 3 1 3 1
4000124630 xx/xx/xxxx xxxxx xxxxx MT Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-12 20:29 Cleared 1 1 1 1
4000124630 xx/xx/xxxx xxxxx xxxxx MT Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-12 20:30 Cleared 1 1 1 1
4000124630 xx/xx/xxxx xxxxx xxxxx MT Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-12 20:29 Cleared 1 1 1 1
4000124689 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-29 21:07 Cleared 1 1 1 1
4000124689 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-29 21:06 Cleared 1 1 1 1
4000124689 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-29 21:07 Cleared 1 1 1 1
4000124706 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit All Interested Parties Not Checked with Exclusionary Lists All interested parties not checked with exclusionary lists.  Missing OFAC for the non-borrower spouse,  xxxxxx. Also, the documentation clearing xxxxxx from the EPLS is missing from the loan file. 

fraud nps,xxxxxx - xx/xx/xxxx
 Fraud Docs were provided.  Condition resolved. - xx/xx/xxxx
All Interested Parties Checked against Exclusionary Lists - xx/xx/xxxx
fraud nps, xxxxxx- xx/xx/xxxx
 2026-05-08 13:09 Resolved 3 1 3 1
4000124706 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-05 16:08 Cleared 1 1 3 1
4000124706 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-05 16:08 Cleared 1 1 3 1
4000124710 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 - xx/xx/xxxx

 2026-05-08 13:25 Cleared 1 1 1 1
4000124710 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-06 15:26 Cleared 1 1 1 1
4000124710 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-06 15:26 Cleared 1 1 1 1
4000124712 xx/xx/xxxx xxxxx xxxxx IL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-28 19:19 Cleared 1 1 3 1
4000124712 xx/xx/xxxx xxxxx xxxxx IL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report.

Fraud report - xx/xx/xxxx

 Fraud Report provided.  Condition resolved. - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

Fraud report - xx/xx/xxxx

 2026-04-30 17:02 Resolved 3 1 3 1
4000124712 xx/xx/xxxx xxxxx xxxxx IL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-28 19:19 Cleared 1 1 3 1
4000124716 xx/xx/xxxx xxxxx xxxxx CO Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-07 00:28 Cleared 1 1 1 1
4000124716 xx/xx/xxxx xxxxx xxxxx CO Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-07 00:28 Cleared 1 1 1 1
4000124716 xx/xx/xxxx xxxxx xxxxx CO Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-07 00:27 Cleared 1 1 1 1
4000124721 xx/xx/xxxx xxxxx xxxxx NV Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-05 21:43 Cleared 1 1 1 1
4000124721 xx/xx/xxxx xxxxx xxxxx NV Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-05 21:44 Cleared 1 1 1 1
4000124721 xx/xx/xxxx xxxxx xxxxx NV Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-05 21:44 Cleared 1 1 1 1
4000124730 xx/xx/xxxx xxxxx xxxxx OH Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 6 xx/xx/xxxx Compliance TRID: Closing disclosure Calculating Cash to Close deficiency corrected PCCD - xx/xx/xxxx

 PCCD attached, please clarify discrepancy - xx/xx/xxxx

 Received PCCD which accurately disclosed all funds from borrower: $xxxxxx deposit (gift) $xxxxxx gift funds, and $xxxxxx additional deposit from borrowers xxxxxx checking account.  - xx/xx/xxxx
corrected PCCD - xx/xx/xxxx
Condition upheld.  PCCD shows the following: EMD Deposit $xxxxxx (gift letter in file) Escrow Deposit $xxxxxxx (which is actually a gift as gift letter is in file), Gift Funds $xxxxxx (No gift letter in file for this).  Provide corrected PCCD to correct the naming of Credits and/or provide a Gift Letter from xxxxxx for $xxxxxx. - xx/xx/xxxx
PCCD attached, please clarify discrepancy - xx/xx/xxxx
 Lender to provide a corrected post-closing CD to reflect the gift funds of $cccccc and funds for closing $xxxxxx 2026-05-01 13:30 Resolved 3 1 3 1
4000124730 xx/xx/xxxx xxxxx xxxxx OH Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 6 xx/xx/xxxx Credit Borrower 1 Executed 4506-T Missing Borrower 1 Executed 4506-T missing from the file. Lender to provide a fully executed 4506 T for the borrower 



4506-T is not required for WVOE program, please waive this condition. Thank you - xx/xx/xxxx

 Condition set in error.  4506 is not required on WVOE program.  Condition resolved. - xx/xx/xxxx

Borrower 1 Executed 4506-T Provided - xx/xx/xxxx

4506-T is not required for WVOE program, please waive this condition. Thank you - xx/xx/xxxx

 2026-04-30 16:34 Resolved 3 1 3 1
4000124730 xx/xx/xxxx xxxxx xxxxx OH Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 6 of 6 xx/xx/xxxx Credit Asset do not meet guidelines Per Wire transfers, Gift Letters, and PPCD provided Borrower does not meet the guideline requirement of 5% of own funds.  Guideline:  Gift funds are acceptable for loans >=75% LTV / CLTV however the underlying Borrower(s) must contribute at least 5% of the transaction (lower of Purchase Price or appraised Value) from their own funds

provided corrected PCCD - xx/xx/xxxx

 Closing funds wired to title show 5% of own funds.  Condition resolved. - xx/xx/xxxx

provided corrected PCCD - xx/xx/xxxx

 2026-05-01 18:18 Resolved 3 1 3 1
4000124730 xx/xx/xxxx xxxxx xxxxx OH Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 6 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-28 20:32 Cleared 1 1 3 1
4000124730 xx/xx/xxxx xxxxx xxxxx OH Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 6 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. Missing mortgage statement for REO property xxxxxx to confirm tax & HOI escrow.

Property xxxxxx docs - xx/xx/xxxx
 REO Docs provided.  Condition resolved. - xx/xx/xxxx
Property xxxxxx docs - xx/xx/xxxx
 2026-04-30 15:47 Resolved 3 1 3 1
4000124730 xx/xx/xxxx xxxxx xxxxx OH Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 5 of 6 xx/xx/xxxx Credit Cash reserves less than required by guidelines Total Cash reserves of '$xxxxxx' are less than $xxxxxx. The xxxxxx #xxxxxx Account statement dated xx/xx/xxxx in the loan file has a balance of $xxxxxx.  On xx/xx/xxxx xxxxxx wired $xxxxxx from this account to Title, and on xx/xx/xxxx xxxxxx wired $xxxxxx to Title, leaving a negative balance in this account for reserves in the amount of -$xxxxxx. Borrower is short funds to close/reserves. Total Cash reserves of '$xxxxxx' are less than $xxxxxx.


UW response, gift letter and wire receipt - please re-review for condition - xx/xx/xxxx

 provided corrected PCCD - xx/xx/xxxx

 Wire information was provided.  Borrower has verified assets in file.  Condition resolved. - xx/xx/xxxx

Total Cash reserves are greater than $0. - xx/xx/xxxx

UW response, gift letter and wire receipt - please re-review for condition - xx/xx/xxxx

PCCD provided.  File is missing verification of assets/reserves.  The xxxxxx #xxxxxx Account statement dated xx/xx/xxxx in the loan file has a balance of $xxxxxx. On xx/xx/xxxx xxxxxx wired $xxxxxx from this account to Title, and on xx/xx/xxxx xxxxxx wired $xxxxxx to Title, leaving a negative balance in this account for reserves in the amount of -$xxxxxx. Borrower is short funds to close/reserves. - xx/xx/xxxx

provided corrected PCCD - xx/xx/xxxx

 2026-05-04 17:53 Resolved 3 1 3 1
4000124793 xx/xx/xxxx xxxxx xxxxx NC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
 

2026-05-07 19:40 Cleared 1 1 1 1
4000124793 xx/xx/xxxx xxxxx xxxxx NC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 

2026-05-07 19:41 Cleared 1 1 1 1
4000124793 xx/xx/xxxx xxxxx xxxxx NC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.
 

2026-05-07 19:40 Cleared 1 1 1 1
4000124934 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 2 xx/xx/xxxx Compliance Final CD: Calculating Cash to Close Adj. and Other Credits discrepancy Gift funds of $xxxxxx sent to closing are not reflected on the Final Closing Disclosure. Please provide the final/updated CD itemizing the $xxxxxx in gift funds.
see attached PCCD - xx/xx/xxxx

 Received PCCD showing the gift funds - xx/xx/xxxx

see attached PCCD - xx/xx/xxxx

 2026-05-28 13:33 Resolved 3 1 3 1
4000124934 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 2 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 

2026-05-06 22:19 Cleared 1 1 3 1
4000124940 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-08 17:47 Cleared 1 1 4 1
4000124940 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-08 17:46 Cleared 1 1 4 1
4000124940 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Business Purpose - Loan Guaranty/Missing The Personal Loan Guaranty is missing.



The Personal Loan Guaranty is not missing. - xx/xx/xxxx

 2026-07-01 16:52 Resolved 4 1 4 1
4000124997 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 4 xx/xx/xxxx Compliance Insufficient Tolerance Cure A Lender Credit for Excess Charges of ($xxxxxx), Principal Reduction for Excess Charges of ($xxxxxx), and general or specific lender credit increases of ($xxxxxx) were applied to the total fee variance of ($xxxxxx) between the baseline disclosure and the actual fee amounts. Since the lender credits and principal reduction (if applicable) are less than the total fee variance amount, they are not sufficient to cure the variance. The Discount points increased without a valid change in circumstance present on xxxxxx.

CICS - xx/xx/xxxx

 Received CIC for the increased fee - xx/xx/xxxx

Resolved - xx/xx/xxxx

CICS - xx/xx/xxxx

 2026-05-01 15:39 Resolved 3 1 3 1
4000124997 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 4 xx/xx/xxxx Compliance Insufficient Tolerance Cure (50001028) A Lender Credit for Excess Charges of ($xxxxxx), Principal Reduction for Excess Charges of ($xxxxxx), and general or specific lender credit increases of ($xxxxxx) were applied to the total fee variance of ($xxxxxx) between the baseline disclosure and the last Closing Disclosure. Since the lender credits and principal reduction (if applicable) are less than the total fee variance amount, they are not sufficient to cure the variance. .

can we please have more information on the tolerance cure condition? - xx/xx/xxxx

 This condition is invalid, and fired in error.  - xx/xx/xxxx

Duplicate finding re-opened in error. CIC was provided for increased fee. - xx/xx/xxxx

Duplicate finding re-opened in error.  CIC was provided for increased fee. - xx/xx/xxxx

can we please have more information on the tolerance cure condition? - xx/xx/xxxx

 2026-05-15 17:32 Resolved 1 1 3 1
4000124997 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 4 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. Missing 2nd appraisal product/3rd party valuation required



3rd party valuation is not needed due to CU score is 1.00. - xx/xx/xxxx

 CU with a score of 1, and LCA with a score of 2.5 were provided.  Condition resolved. - xx/xx/xxxx

3rd party valuation is not needed due to CU score is 1.00. - xx/xx/xxxx

 2026-05-01 14:40 Resolved 3 1 3 1
4000124997 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.
 

2026-04-29 20:33 Cleared 1 1 3 1
4000125027 xx/xx/xxxx xxxxx xxxxx VA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-14 18:56 Cleared 1 1 1 1
4000125027 xx/xx/xxxx xxxxx xxxxx VA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-14 18:56 Cleared 1 1 1 1
4000125027 xx/xx/xxxx xxxxx xxxxx VA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-14 18:57 Cleared 1 1 1 1
4000125038 xx/xx/xxxx xxxxx xxxxx MA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-04 15:49 Cleared 1 1 1 1
4000125038 xx/xx/xxxx xxxxx xxxxx MA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-04 15:49 Cleared 1 1 1 1
4000125038 xx/xx/xxxx xxxxx xxxxx MA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-04 15:49 Cleared 1 1 1 1
4000125079 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-22 16:42 Cleared 1 1 1 1
4000125079 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-22 16:42 Cleared 1 1 1 1
4000125079 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-22 16:57 Cleared 1 1 1 1
4000125080 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-22 19:56 Cleared 1 1 3 1
4000125080 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Credit Missing Application Lender to provide updated application, the loan application provided is not consistent with the subject transaction.

Updated loan application attached - xx/xx/xxxx

 Corrected Application provided.  Condition resolved. - xx/xx/xxxx

Updated loan application attached - xx/xx/xxxx

 2026-04-24 13:25 Resolved 3 1 3 1
4000125080 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Property Loan Purpose is Purchase but Purchase Contract Doc is Missing Loan purpose is purchase and valuation type of purchase contract has not been selected. Loan Purpose is Purchase but Purchase Contract Doc is Missing



Purchase contract and addendum attached - xx/xx/xxxx

 Purchase agreement attached and addendum to the contract extending the closing date. - xx/xx/xxxx

 Purchase Contract and Extension Addendum were provided.  Condition resolved. - xx/xx/xxxx

Condition upheld.  What was uploaded was a Lease Agreement and a one page Addendum again. Provide the missing Purchase Contract. - xx/xx/xxxx

Purchase contract and addendum attached - xx/xx/xxxx

Condition upheld.  Purchase Contract is missing.  What was uploaded was a Lease Agreement and a one page Addendum,. - xx/xx/xxxx

Purchase agreement attached and addendum to the contract extending the closing date. - xx/xx/xxxx

 2026-04-28 16:04 Resolved 3 1 3 1
4000125080 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit Calculated DSCR does not meet the Minimum DSCR allowed The Calculated DSCR of 'xxxxxx' is less than the minimum required DSCR of'1'. Purchase Contract was provided and Lease in place is being transferred to new Owner.  Using the lesser lease amount per guidelines, the DSCR is xxxxxx which is below the required 1.00 for 1st time investor.  Subject lease in place expired xx/xx/xxxx, and loan disbursed on xx/xx/xxxx.  Lease was in place at closing.  Provide an explanation of why Market Rent amount was used when GL's state the lesser of the two, and/or an Approved Exception from xxxxxx.  Document Uploaded. Condition upheld. Per the attached Guidelines: Gross Income will be calculated using the lower of the A) executed lease agreement or B) market rent from applicable Appraisal. Since lease is being transferred per the Purchase Contract, it was active at the time of Origination and Closing. The subject is not a short-term rental. (see attached) An exception will be required.
 

 Lender Provided LOE, explanation for the lease, set to expire 2 weeks after closing and prior to first payment, Market rent per Client to be used per GL 9.1 - xx/xx/xxxx
 Lease is not required on purchase transactions, DSCR was calculated off 100% of the 1007 Market value of $xxxxxx - xx/xx/xxxx
 Document Uploaded.  - xx/xx/xxxx
The Calculated DSCR is equal to or greater than the minimum required DSCR, or Not Applicable - xx/xx/xxxx
Lender Provided LOE, explanation for the lease, set to expire 2 weeks after closing and prior to first payment, Market rent per Client to be used per GL 9.1 - xx/xx/xxxx
Document Uploaded. Condition upheld. Per the attached Guidelines: Gross Income will be calculated using the lower of the A) executed lease agreement or B) market rent from applicable Appraisal. Since lease is being transferred per the Purchase Contract, it was active at the time of Origination and Closing. The subject is not a short-term rental. (see attached) An exception will be required.
 - xx/xx/xxxx
Document Uploaded. Condition upheld.  Per the attached Guidelines: Gross Income will be calculated using the lower of the A) executed lease agreement or B) market rent from applicable Appraisal. Since lease is being transferred per the Purchase Contract, it was active at the time of Origination and Closing.  The subject is not a short-term rental.  (see attached)  An exception will be required. - xx/xx/xxxx
Lease is not required on purchase transactions, DSCR was calculated off 100% of the 1007 Market value of $xxxxxx - xx/xx/xxxx
 2026-05-12 21:59 Resolved 3 1 3 1
4000125093 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-15 19:04 Cleared 1 1 3 1
4000125093 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit Hazard Insurance Policy is Partial Hazard insurance policy partially provided. Subject property declaration page has incorrect city "xxxxxx" vs correct "xxxxxx" which is listed on title, DOT, and note.

HOI - xx/xx/xxxx

 Corrected HOI Policy provided.  Condition resolved. - xx/xx/xxxx

Hazard Insurance Policy is fully present - xx/xx/xxxx

HOI - xx/xx/xxxx

 2026-05-19 20:49 Resolved 3 1 3 1
4000125093 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Appraisal - Address and/or Legal Description The property address and/or legal description on the appraisal report does not correspond to the legal description on the other documents in file. The Subject Property City is listed as “xxxxxx” on the Appraisal and UCDP Submission Summary Reports (SSRs), but as “xxxxxx” on the Note, Mortgage, and Title Commitment. Provide an updated appraisal and SSRs reflecting the correct address. No comments or documentation in file advising this is acceptable.

Appraisal - xx/xx/xxxx

 Corrected Appraisal provided.  Condition resolved. - xx/xx/xxxx

Appraisal - xx/xx/xxxx

 2026-05-19 20:46 Resolved 3 1 3 1
4000125110 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-18 17:59 Cleared 1 1 1 1
4000125110 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-18 17:59 Cleared 1 1 1 1
4000125110 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-18 17:59 Cleared 1 1 1 1
4000125127 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-04 20:00 Cleared 1 1 1 1
4000125127 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-04 20:01 Cleared 1 1 1 1
4000125127 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-04 20:00 Cleared 1 1 1 1
4000125128 xx/xx/xxxx xxxxx xxxxx IN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-06-05 18:11 Cleared 1 1 1 1
4000125128 xx/xx/xxxx xxxxx xxxxx IN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-05 18:12 Cleared 1 1 1 1
4000125128 xx/xx/xxxx xxxxx xxxxx IN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-05 18:11 Cleared 1 1 1 1
4000125241 xx/xx/xxxx xxxxx xxxxx MN Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-04 20:52 Cleared 1 1 4 1
4000125241 xx/xx/xxxx xxxxx xxxxx MN Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Compliance The Deed of Trust is Missing The Deed of Trust is missing. Executed DOT is missing from the file.



See attached  - xx/xx/xxxx

 The Deed of Trust has been provided. - xx/xx/xxxx

Received DOT - xx/xx/xxxx

See attached  - xx/xx/xxxx

 2026-05-05 15:47 Resolved 4 1 4 1
4000125241 xx/xx/xxxx xxxxx xxxxx MN Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit Missing VOM or VOR Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. The loan file reflects the borrower is currently renting their primary property for $xxxxxx per month. The loan file does contain 3 months xxxxxx payments; however, we are missing the VOR is missing.
If the VOR is in a private landlord's name a full 12-month payment history is required. 

VOR see attached  - xx/xx/xxxx

 Private VOR and 12 months verification or Rent payments were provided.  Condition resolved. - xx/xx/xxxx

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xx/xx/xxxx

VOR see attached  - xx/xx/xxxx

 2026-05-05 19:08 Resolved 3 1 4 1
4000125244 xx/xx/xxxx xxxxx xxxxx MT Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-13 16:49 Cleared 1 1 1 1
4000125244 xx/xx/xxxx xxxxx xxxxx MT Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-13 16:48 Cleared 1 1 1 1
4000125244 xx/xx/xxxx xxxxx xxxxx MT Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-13 16:48 Cleared 1 1 1 1
4000125248 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-23 13:44 Cleared 1 1 1 1
4000125248 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-23 13:44 Cleared 1 1 1 1
4000125248 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-23 13:44 Cleared 1 1 1 1
4000125287 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 4 xx/xx/xxxx Credit Missing letter of explanation Missing Letter of Explanation or evidence of no HOA for investment property located at xxxxxx
 NO HOA multi family - xx/xx/xxxx

 Evidence was provided to show there is no HOA associated with the property located at xxxxxx.  Condition resolved. - xx/xx/xxxx
NO HOA multi family - xx/xx/xxxx
 2026-05-12 14:21 Resolved 3 1 4 1
4000125287 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA with Low Risk and CDA to Appraisal value with 0.00% variance which meets the lender's guidelines.





2026-05-08 18:20 Cleared 1 1 4 1
4000125287 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 4 xx/xx/xxxx Credit Approval - Lender Income Calculation Missing The loan file did not contain the lender income calculation worksheet as required. The loan was approved (per the 1008) with rental income  of $xxxxxx for the subject property. Please provide the income calculator or other documentation to support the income used in the approval.

operating income statement - xx/xx/xxxx

 Operating Income Statement for the subject property (2-Unit) was provided and located in the loan file.  Condition resolved. - xx/xx/xxxx

operating income statement - xx/xx/xxxx

 2026-05-12 14:19 Resolved 3 1 4 1
4000125287 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 4 xx/xx/xxxx Compliance TRID: Missing Initial Closing Disclosure The loan file does not contain the initial Closing Disclosure.

signed ICD - xx/xx/xxxx

 CFPB rule borrower does not need to sign CD just need to show proof it was disclosed - xx/xx/xxxx

 Initial CD sent to borrower - xx/xx/xxxx

 Received ICD - xx/xx/xxxx

signed ICD - xx/xx/xxxx

The Initial CD is not in the file.  Please provide it!!! - xx/xx/xxxx

CFPB rule borrower does not need to sign CD just need to show proof it was disclosed - xx/xx/xxxx

The loan file is missing a copy of the initial CD - xx/xx/xxxx

Initial CD sent to borrower - xx/xx/xxxx

 2026-05-14 16:28 Resolved 4 1 4 1
4000125289 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance Final CD: Prepayment Penalty is missing or inaccurate Lender to provide updated Final CD with corrected Maximum Prepayment Penalty (PPP) Amount consistent with the Prepayment Penalty Rider.  The PPP on the final CD was calculated based on 3% of the Original Principal Balance, but the Prepayment Penalty Rider indicates 1% based on the Original Principal Balance.

PCCD

 - xx/xx/xxxx

 Received PCCD with corrected Prepayment amount - xx/xx/xxxx

PCCD

 - xx/xx/xxxx

 2026-04-30 19:14 Resolved 3 1 3 1
4000125289 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-29 19:59 Cleared 1 1 3 1
4000125289 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-29 19:59 Cleared 1 1 3 1
4000125291 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance Missing evidence of rate lock Missing evidence of Rate Lock. The xxxxxx  Lock Confirmation shows a Interest Only Term of 120 months. Per the Note the Interest Only period is 60 months. Updated Lock Confirmation matching these loan terms is needed.

attached - xx/xx/xxxx

 Approved Exception was provided to allow a 5 year I/O when guidelines require a 10 year I/O.   - xx/xx/xxxx

attached - xx/xx/xxxx

 DSCR purchase transaction w/35% down payment, xxxxxx FICO, xxxxxx DSCR ratio, and 6 months reserves. 2026-05-12 18:15 Waived 3 2 3 2
4000125291 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Final Settlement Statement Missing. The final Settlement Statement document is missing. The Buyer's Estimated Settlement Statement has been provided, but the final settlement statement is missing from the loan file. 



per the attached from title, a "final" settlement statement is not signed in CA.  The buyers "estimated" is attached for review - xx/xx/xxxx

 attached LOX - xx/xx/xxxx

 Executed Settlement Statement was provided.  Condition resolved. - xx/xx/xxxx

Final HUD-1 Document is not missing or estimated only. - xx/xx/xxxx

per the attached from title, a "final" settlement statement is not signed in CA.  The buyers "estimated" is attached for review - xx/xx/xxxx

Condition upheld.  No LOX was found to be attached - xx/xx/xxxx

attached LOX - xx/xx/xxxx

 2026-05-11 18:12 Resolved 3 1 3 2
4000125291 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. Please provide the third party valuation product that supports the appraised value of $xxxxxx.

2. SSR with a CU score of 1 - xx/xx/xxxx

 CU supporting appraised value with a score of 1 was provided.  Condition resolved. - xx/xx/xxxx

2. SSR with a CU score of 1 - xx/xx/xxxx

 2026-05-07 21:13 Resolved 3 1 3 2
4000125300 xx/xx/xxxx xxxxx xxxxx CT Primary Residence Refinance QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-24 20:29 Cleared 1 1 1 1
4000125300 xx/xx/xxxx xxxxx xxxxx CT Primary Residence Refinance QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-04-24 20:29 Cleared 1 1 1 1
4000125300 xx/xx/xxxx xxxxx xxxxx CT Primary Residence Refinance QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



The loan meets all applicable credit guidelines.
 - xx/xx/xxxx

 2026-04-24 20:31 Cleared 1 1 1 1
4000125321 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 6 xx/xx/xxxx Credit Gift Letter - Missing A required gift letter was missing from the file and/or the donor funds were not verified. The loan file is missing the Gift letters from xxxxxx in the amounts of $xxxxxx and $xxxxxx. Need to verify the funds do not need to be repaid. 

See attached gift funds - xx/xx/xxxx

 A gift letter for the $xxxxxx gift wired to Title per the PCCD was provided.  Condition resolved. - xx/xx/xxxx
See attached gift funds - xx/xx/xxxx
 2026-05-06 21:49 Resolved 3 1 4 1
4000125321 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 6 xx/xx/xxxx Credit Missing letter of explanation Missing letter of explanation for using the WVOE vs the xxxxxx tax returns to calculate the borrower's income. 
Please see UW Ability repay worksheet - xx/xx/xxxx

 LOE explaining why Tax Returns were in the file that was approved as WVOE was provided.  Condition resolved. - xx/xx/xxxx

Please see UW Ability repay worksheet - xx/xx/xxxx

 2026-05-06 21:36 Resolved 3 1 4 1
4000125321 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 6 of 6 xx/xx/xxxx Credit Other Credit Finding Provide a corrected Final 1003 and/or Gift Letter and all related documentation for the $xxxxxx gift listed on the initial and final 1003.
Please 1003 , CD and escrow receipt. There isn't a gift in in amount of xxxxxx and all assets have been provided  - xx/xx/xxxx
 Corrected 1003 removing the $xxxxxx gift and adding the $xxxxxx gift was provided.  Condition resolved. - xx/xx/xxxx
Please 1003 , CD and escrow receipt. There isn't a gift in in amount of xxxxxx and all assets have been provided  - xx/xx/xxxx
 2026-05-08 13:49 Resolved 4 1 4 1
4000125321 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 6 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA with Low Risk and CDA to Appraisal value with 0.00% variance which meets the lender's guidelines.





2026-05-05 12:57 Cleared 1 1 4 1
4000125321 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 6 xx/xx/xxxx Compliance The Final Closing Disclosure contains errors The Initial and the Final Closing Disclosure are missing the Non borrowing spouses signature. 

He is title only borrower and isn't on the loan. - xx/xx/xxxx

 Confirmed, per TRID rules, a non-borrowing title holder in a xxxxxx primary residence purchase does not need to receive the initial Closing Disclosure unless they are considered a "consumer" (i.e., becoming obligated on the loan). The CD only needs to be provided to consumers with primary liability. - xx/xx/xxxx
He is title only borrower and isn't on the loan. - xx/xx/xxxx
 2026-05-06 16:01 Resolved 3 1 4 1
4000125321 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 6 xx/xx/xxxx Credit Assets - Insufficient Source Seasoning The loan file does not contain all required asset documentation. Assets required for closing were not sufficiently seasoned. The loan file contains a transaction history from xxxxxx which reflects a of $xxxxxx deposit on xx/xx/xxxx and $xxxxxx deposited on xx/xx/xxxx; however, unable to verify where the funds are coming from, if they belong to the borrower need the statement showing the withdrawals/transfers to the xxxxxx Account. In addition, the transaction statement doesn't contain an account number or a name to verify who the account holder is.  

Borrower has more than sufficient assets to cover the money needed to be verified plus more.   - xx/xx/xxxx

 xxxxxx statement provided.  Borrower has plenty of verified funds to close and reserves.  Condition resolved. - xx/xx/xxxx
Borrower has more than sufficient assets to cover the money needed to be verified plus more.   - xx/xx/xxxx
 2026-05-19 18:43 Resolved 3 1 4 1
4000125335 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Subject property appraisal is not on an as-is basis (Primary Value) Primary value subject property appraisal is not on an as-is basis. The loan was completed subject to completion. Please provide the 1004D showing the repairs have been completed.



1004D - xx/xx/xxxx

 Appraisal Update/Completion Report was provided.   Condition resolved. - xx/xx/xxxx

Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable - xx/xx/xxxx

1004D - xx/xx/xxxx

 2026-05-19 13:22 Resolved 3 1 3 1
4000125335 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit Eligibility - Borrower Identity The loan file reflected potential identity issues. Please provide the borrower's unexpired US ID.



GREEN CARD - xx/xx/xxxx

 Permanent resident card was provided.  Condition resolved. - xx/xx/xxxx

GREEN CARD - xx/xx/xxxx

 2026-05-19 13:24 Resolved 3 1 3 1
4000125335 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-15 18:40 Cleared 1 1 3 1
4000125355 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 4 xx/xx/xxxx Compliance Missing Doc - ROR/Missing Right of Rescission is missing.

NRTC - xx/xx/xxxx

 Received RTC - xx/xx/xxxx

Right of Rescission is provided. - xx/xx/xxxx

NRTC - xx/xx/xxxx

 2026-05-15 14:04 Resolved 4 1 4 1
4000125355 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 - xx/xx/xxxx

 2026-05-15 14:51 Cleared 1 1 4 1
4000125355 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 4 xx/xx/xxxx Compliance TRID: Missing Initial Closing Disclosure The loan file does not contain the initial Closing Disclosure.

INITIAL CD - xx/xx/xxxx

 Received ICD - xx/xx/xxxx

INITIAL CD - xx/xx/xxxx

 2026-05-15 14:05 Resolved 4 1 4 1
4000125355 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



The loan meets all applicable credit guidelines.
 - xx/xx/xxxx

 2026-05-15 14:52 Cleared 1 1 4 1
4000125396 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 4 xx/xx/xxxx Compliance Disclosure - CHARM Booklet/Late CHARM Booklet not provided within 3 days of application date.

charm - xx/xx/xxxx

 Received Charm booklet provided within 3 days of program change - xx/xx/xxxx

charm - xx/xx/xxxx

 2026-05-12 14:48 Resolved 3 1 3 1
4000125396 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-11 15:24 Cleared 1 1 3 1
4000125396 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 4 xx/xx/xxxx Compliance Disclosure - ARM Disclosure/Late The ARM Disclosure was not provided within 3 days of application date. The signed ARM Disclosure provided with the Initial Disclosures within 3 days of the Initial URLA is missing from the file



arm - xx/xx/xxxx

 Received ARM disclosure within 3 days of product change. - xx/xx/xxxx

arm - xx/xx/xxxx

 2026-05-12 14:48 Resolved 3 1 3 1
4000125396 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-11 15:24 Cleared 1 1 3 1
4000125401 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Approval/Underwriting Summary Deficient Approval/Underwriting Summary is deficient. The loan files does contain a 1008; however, the 1008 reflects the loan was approved as a DU. The rate lock reflects the loan closed as a 30 Fixed Expanded Prime Plus. The rate loan and the 1008 needs to match due to being two very different loan programs. 



updated 1008 - xx/xx/xxxx

 Corrected 1008 was provided.  Condition resolved. - xx/xx/xxxx

Approval/Underwriting Summary is fully present - xx/xx/xxxx

updated 1008 - xx/xx/xxxx

 2026-04-30 15:29 Resolved 3 1 3 1
4000125401 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-27 21:23 Cleared 1 1 3 1
4000125401 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-27 21:24 Cleared 1 1 3 1
4000125406 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 2 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
 - xx/xx/xxxx

 2026-04-21 17:49 Cleared 1 1 1 1
4000125406 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 2 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 - xx/xx/xxxx

 2026-04-21 17:49 Cleared 1 1 1 1
4000125461 xx/xx/xxxx xxxxx xxxxx WV Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 - xx/xx/xxxx

 2026-05-29 13:26 Cleared 1 1 3 1
4000125461 xx/xx/xxxx xxxxx xxxxx WV Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit Assets - Insufficient Source Seasoning The loan file does not contain all required asset documentation. Assets required for closing were not sufficiently seasoned. Asset w/ $xxxxxx last deposit used did not have the funds available in it's source. Missing the source of the last $xxxxxx dep from XFRD from checking to other banks savings account xx/xx/xxxx. 

see VOA which sources xxxxxx transfer - xx/xx/xxxx
 Documentation showing the funds were sourced and transferred was provided. Condition resolved. - xx/xx/xxxx
see VOA which sources xxxxxx transfer - xx/xx/xxxx
 2026-05-28 18:29 Resolved 3 1 3 1
4000125461 xx/xx/xxxx xxxxx xxxxx WV Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



The loan meets all applicable compliance guidelines.
 - xx/xx/xxxx

 2026-05-29 13:25 Cleared 1 1 3 1
4000125532 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-11 21:46 Cleared 1 1 1 1
4000125532 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.
 

2026-05-11 21:46 Cleared 1 1 1 1
4000125532 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.
 

2026-05-11 21:45 Cleared 1 1 1 1
4000125544 xx/xx/xxxx xxxxx xxxxx MT Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-05 21:15 Cleared 1 1 1 1
4000125544 xx/xx/xxxx xxxxx xxxxx MT Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-05 21:15 Cleared 1 1 1 1
4000125544 xx/xx/xxxx xxxxx xxxxx MT Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-05 21:15 Cleared 1 1 1 1
4000125556 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-13 21:09 Cleared 1 1 3 1
4000125556 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-13 21:10 Cleared 1 1 3 1
4000125556 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance Washington - Fees Allowed (Lender)(01/10) The xxxxxx prohibits any fee other than a Loan Origination Fee, Loan Discount, or Commitment (Rate Lock) Fee to be paid by the Borrower to the Lender. (RCW 31.04.105(2); WAC 208-620-555; WAC 208-620-560(6)) Processing Fee $xxxxxx, Tax Service Fee $xxxxxx, Underwriting Fee $xxxxxx

Final CD - xx/xx/xxxx

 Confirmed per CFPB "An origination fee is what the lender charges the borrower for making the mortgage loan. Mortgage origination services may include processing the application, underwriting and funding the loan, and other administrative services." All fees listed below would fall into the "origination fees" catagory, and within the maximum amount allowed under RCW 31.04.105. - xx/xx/xxxx

Final CD - xx/xx/xxxx

 2026-05-14 13:57 Resolved 3 1 3 1
4000125578 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-01 15:37 Cleared 1 1 1 1
4000125578 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-01 15:36 Cleared 1 1 1 1
4000125578 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-01 15:37 Cleared 1 1 1 1
4000125587 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-01 14:22 Cleared 1 1 3 1
4000125587 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-01 14:22 Cleared 1 1 3 1
4000125587 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Calculated DSCR does not meet the Minimum DSCR allowed The Calculated DSCR of 'xxxxxx' is less than the minimum required DSCR of'1'. The loan was locked with a DSCR of 1.00. The audited DSCR is xxxxxx, using a market rent of $ xxxxxx and a PITIA of $xxxxxx.
 

 updated lock - xx/xx/xxxx

 Updated Investor Lock showing a DSCR of xxxxxx was provided.  Condition resolved. - xx/xx/xxxx
The Calculated DSCR is equal to or greater than the minimum required DSCR, or Not Applicable - xx/xx/xxxx
updated lock - xx/xx/xxxx
 2026-05-04 16:56 Resolved 3 1 3 1
4000125609 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 5 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-13 14:25 Cleared 1 1 3 1
4000125609 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 5 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report.

see attached  - xx/xx/xxxx

 Fraud Report was provided.  Condition resolved. - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-20 14:58 Resolved 3 1 3 1
4000125609 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-13 14:24 Cleared 1 1 3 1
4000125609 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 5 xx/xx/xxxx Credit Purchase Contract - Addendum Missing The Purchase Contract Addendum is missing. Contract signed xx/xx/xxxx, Note/loan closed xx/xx/xxxx. Missing addendum as closing exceeded 30 days

see attached  - xx/xx/xxxx

 Contract Addendum was provided to extend closing to xx/xx/xxxx.  Condition resolved. - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-15 16:39 Resolved 2 1 3 1
4000125609 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 5 xx/xx/xxxx Credit Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Per guidelines-12 mos housing history for primary residence required. CBR only validates 5 mos, per final 1003 borrower lived rent free. Missing rent free letter to meet 12 mos primary housing requirements.



see attached  - xx/xx/xxxx

 Rent Free Letter was provided.  Condition resolved. - xx/xx/xxxx

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-20 14:57 Resolved 3 1 3 1
4000125610 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-05 21:36 Cleared 1 1 1 1
4000125610 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-05 21:35 Cleared 1 1 1 1
4000125610 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-05 21:35 Cleared 1 1 1 1
4000125620 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-06 19:40 Cleared 1 1 3 1
4000125620 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit HO6 Master Insurance Policy is Missing Missing Condo / PUD project master insurance policy. Subject property is a PUD. There is an HO-6 policy in the file for the borrower but the coverage only reflects $xxxxxx but the loan amount is $xxxxxx . Please provide the current master policy for the complex to verify adequate dwelling coverage. 

master  - xx/xx/xxxx

 Master Policy provided.  Condition resolved. - xx/xx/xxxx

HO-6 Master Insurance Policy is fully present - xx/xx/xxxx

master  - xx/xx/xxxx

 2026-05-14 17:53 Resolved 3 1 3 1
4000125620 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 19:40 Cleared 1 1 3 1
4000125623 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-19 19:05 Cleared 1 1 3 1
4000125623 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-19 19:06 Cleared 1 1 3 1
4000125623 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Title Coverage is Less than Subject Lien(s) Total Title coverage is less than total amount of subject lien(s). Preliminary title coverage $xxxxxx vs loan amount $xxxxxx. Did not locate a supplemental report with correct title coverage amount.

marked up title  - xx/xx/xxxx

 Updated Title provided. Condition resolved. - xx/xx/xxxx

Updated Title provided.  Condition resolved. - xx/xx/xxxx

marked up title  - xx/xx/xxxx

 2026-05-21 19:47 Resolved 3 1 3 1
4000125638 xx/xx/xxxx xxxxx xxxxx SC Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU a with risk score = / < 2.5 which meets the lender's guidelines.





2026-05-06 22:08 Cleared 1 1 3 1
4000125638 xx/xx/xxxx xxxxx xxxxx SC Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Credit Missing letter of explanation The loan file is missing a letter of explanation as to the borrower's intent to reside at the subject property as his primary residence.  The loan file contains the rental lease for the borrower's departing residence located at xxxxxx.  Per the rental agreement provided, the borrower extended his lease on xx/xx/xxxx for period xx/xx/xxxx to xx/xx/xxxx.  The subject loan closed on xx/xx/xxxx.  The $xxxxxx a month rent was not included in the borrower's liabilities. Further, the hazard insurance policy for the subject includes Business Property - Increased Limits and Landlord's Furnishings coverage.  The subject loan closed as a purchase of a primary residence.  Lender to re-visit and advise.  
We don't need a motivation LOE from the borrower.
Borrower was renting & purchaed the subject as primary residence.
Borrower does not own any property & does not have a departing residence.
There is no occupancy issue or concern.

For the lease on current residence, we don't need to include $xxxxxx/mo payment in the borrower's liabilities.
Borrower can termite the lease & move out. $xxxxxx/mo payment should not be included.

2. For hazard insurance policy. The current policy is a HO3.
Business property- increased limits and landlord's furnishing coverage are standard coverages that are included in the policy.
 - xx/xx/xxxx
 HOI verified as Owner Occupied Policy. Occupancy Affidavit in file. Condition resolved.  - xx/xx/xxxx
We don't need a motivation LOE from the borrower.
Borrower was renting & purchaed the subject as primary residence.
Borrower does not own any property & does not have a departing residence.
There is no occupancy issue or concern.

For the lease on current residence, we don't need to include $xxxxxx/mo payment in the borrower's liabilities.
Borrower can termite the lease & move out. $xxxxxx/mo payment should not be included.

2. For hazard insurance policy. The current policy is a HO3.
Business property- increased limits and landlord's furnishing coverage are standard coverages that are included in the policy.
 - xx/xx/xxxx
 2026-05-11 17:03 Resolved 3 1 3 1
4000125638 xx/xx/xxxx xxxxx xxxxx SC Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.
 

2026-05-06 22:08 Cleared 1 1 3 1
4000125651 xx/xx/xxxx xxxxx xxxxx SC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-27 21:50 Cleared 1 1 1 1
4000125651 xx/xx/xxxx xxxxx xxxxx SC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-27 21:50 Cleared 1 1 1 1
4000125651 xx/xx/xxxx xxxxx xxxxx SC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-27 21:51 Cleared 1 1 1 1
4000125690 xx/xx/xxxx xxxxx xxxxx KS Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 2 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 19:00 Cleared 1 1 1 1
4000125690 xx/xx/xxxx xxxxx xxxxx KS Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 2 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-06 19:00 Cleared 1 1 1 1
4000125693 xx/xx/xxxx xxxxx xxxxx NC Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-28 20:34 Cleared 1 1 1 1
4000125693 xx/xx/xxxx xxxxx xxxxx NC Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-28 20:34 Cleared 1 1 1 1
4000125693 xx/xx/xxxx xxxxx xxxxx NC Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-28 20:34 Cleared 1 1 1 1
4000125779 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 7 of 7 xx/xx/xxxx Compliance Intent to Proceed is Missing or Incomplete ITP - xx/xx/xxxx

 Applicable locked disclosures - xx/xx/xxxx

 Intent to Proceed provided. - xx/xx/xxxx

Received ITP - xx/xx/xxxx

ITP - xx/xx/xxxx

Received various disclosures, but the Intent to Proceed was not provided - xx/xx/xxxx

Applicable locked disclosures - xx/xx/xxxx

 2026-05-14 16:46 Resolved 3 1 4 1
4000125779 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 7 xx/xx/xxxx Compliance Missing Doc - Homeownership Counseling Disclosure/Missing Homeownership Counseling Disclosure is missing.

HOCA - xx/xx/xxxx

 Homeownership Counseling Disclosure was provided. - xx/xx/xxxx

Homeownership Counseling Disclosure was provided. - xx/xx/xxxx

HOCA - xx/xx/xxxx

 2026-05-14 16:46 Resolved 3 1 4 1
4000125779 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 6 of 7 xx/xx/xxxx Compliance Missing Doc - Affiliated Business Disclosure/Missing Required Affiliated Business Disclosure missing

Is this required? Do you have an example by chance? - xx/xx/xxxx

 Required Affiliated Business Disclosure Resolved - xx/xx/xxxx

Privacy noticed providing, showing that Lender has no affiliates. - xx/xx/xxxx

Is this required? Do you have an example by chance? - xx/xx/xxxx

 2026-05-14 16:46 Resolved 3 1 4 1
4000125779 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 7 xx/xx/xxxx Compliance Missing Attorney Preference Letter Right To Choose Attorney or Attorney Preference not in file.

Discl - xx/xx/xxxx

 attached  - xx/xx/xxxx

 Right To Choose Attorney or Attorney Preference Resolved or Not Applicable - xx/xx/xxxx

Received pamphlet "What Mortgage Applicants Need to Know" - xx/xx/xxxx

Discl - xx/xx/xxxx

Privacy notice was provided instead of Right to Choose Attorney or Attorney Preference Disclosure. - xx/xx/xxxx

attached  - xx/xx/xxxx

 2026-05-14 16:46 Resolved 3 1 4 1
4000125779 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 7 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 22:26 Cleared 1 1 4 1
4000125779 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 5 of 7 xx/xx/xxxx Compliance Missing Service Provider List The loan file does not contain the Service Provider List.

SSPL - xx/xx/xxxx

 Service Provider List was provided. - xx/xx/xxxx

SSPL - xx/xx/xxxx

 2026-05-08 20:41 Resolved 4 1 4 1
4000125779 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 7 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-06 22:27 Cleared 1 1 4 1
4000125786 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 5 xx/xx/xxxx Compliance Missing Doc - Homeownership Counseling Disclosure/Missing Homeownership Counseling Disclosure is missing.

Home Counseling - xx/xx/xxxx

 Homeownership Counseling Disclosure was provided. - xx/xx/xxxx

Received disclosure - xx/xx/xxxx

Home Counseling - xx/xx/xxxx

 2026-05-18 15:59 Resolved 3 1 4 1
4000125786 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 5 xx/xx/xxxx Compliance Missing Doc - Affiliated Business Disclosure/Missing Required Affiliated Business Disclosure missing

No Affiliates Attestation - xx/xx/xxxx

 Required Affiliated Business Disclosure Resolved - xx/xx/xxxx

No affiliates - xx/xx/xxxx

No Affiliates Attestation - xx/xx/xxxx

 2026-05-18 15:59 Resolved 3 1 4 1
4000125786 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-14 20:14 Cleared 1 1 4 1
4000125786 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 5 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. The loan file is missing the HOA information for xxxxxx and xxxxxx. 

Property Profile - SFR - No HOA - xx/xx/xxxx

 Evidence of no HOA was provided.  Condition resolved. - xx/xx/xxxx

Property Profile - SFR - No HOA - xx/xx/xxxx

 2026-05-18 16:52 Resolved 3 1 4 1
4000125786 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 5 xx/xx/xxxx Compliance Missing Service Provider List The loan file does not contain the Service Provider List.

SSPL - xx/xx/xxxx

 SPL provided - xx/xx/xxxx

SSPL - xx/xx/xxxx

 2026-05-18 15:58 Resolved 4 1 4 1
4000125791 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 5 xx/xx/xxxx Compliance Missing Toolkit Disclosure/Booklet Home Loan Toolkit is missing from file.

Toolkit - xx/xx/xxxx

 Received Toolkit - xx/xx/xxxx

Toolkit - xx/xx/xxxx

 2026-05-05 13:51 Resolved 2 1 3 1
4000125791 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 - xx/xx/xxxx

 2026-05-04 13:35 Cleared 1 1 3 1
4000125791 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 5 xx/xx/xxxx Credit Credit Documentation - Letter of Explanation The loan file did not contain a letter of explanation as required. Mortgage statements dated xx/xx/xxxx reflect other deferred balances on two non‑subject properties: $xxxxxx for the property at xxxxxx (xxxxxx account ending in xxxxxx) and $xxxxxx for the property atxxxxxx (xxxxxx account ending in xxxxxx). Please provide a borrower Letter of Explanation (LOE) addressing the reason for the deferrals and the deferral type (e.g. disaster‑related deferral, administrative/servicing deferral, or other as applicable).  Additional clarification and/or documentation may be required upon LOE review.
 

 xxxxxx account xxxxxx - xx/xx/xxxx
 Letters from xxxxxx in xxxxxx were provided.  It appears the deferral is COVID related.  Condition resolved.  - xx/xx/xxxx
xxxxxx account xxxxxx - xx/xx/xxxx
 2026-05-20 15:40 Resolved 3 1 3 1
4000125791 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 5 xx/xx/xxxx Credit Income - Income Documentation Missing The loan file did not contain the required income documentation. Per guidelines-If the P&L covers more than nine (9) months, three (3) month bank statements are required to validate continued positive cash flow of the Borrower’s business. Additional bank statements may be required if deemed necessary



Statements - xx/xx/xxxx

 Not required per guidelines. Two years personal and business returns, as well as transcripts are in file.  Condition resolved. - xx/xx/xxxx

Statements - xx/xx/xxxx

 2026-05-04 19:04 Resolved 3 1 3 1
4000125791 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 5 of 5 xx/xx/xxxx Credit Liabilities - Excluded Debts There was no explanation or support for the omission of one or more debts from the initial application. A copy of the 2055 exterior appraisal is needed for the Non-Subject Departure Residence located at xxxxxx, as it is referenced for DTI exclusion in the Underwriter Comments on the Uniform Underwriting and Transmittal Summary and File Conversation Log Entries. The corresponding 2055 exterior appraisal invoice is present in the loan file.

1008 - xx/xx/xxxx

 2055 for departing residence was provided showing the Borrowers meet the requirement to exclude the payment.  Marketing time was under 3 months, so 12 months PITIA reserves were calculated in reserve requirement.  Condition resolved. - xx/xx/xxxx

1008 - xx/xx/xxxx

 2026-05-07 18:04 Resolved 3 1 3 1
4000125801 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 5 xx/xx/xxxx Credit Housing History Does Not Meet Guideline Requirements Housing history does not meet guideline requirements. On the credit report and credit supplement an undisclosed mortgage with xxxxxx - xxxxxx shows DLA xxxxxx with balance of $xxxxxx and monthly payment of $xxxxxx/mo. Please provide the most current mortgage statement to verify/validate mortgage being current as of xxxxxx prior to subject property being closed to meet guideline requirements.

Here is the Credit Supplement which shows mortgage was paid in full in xxxxxx of xxxxxx - xx/xx/xxxx
 Its subject property - xx/xx/xxxx
 Condition set in error.  Account was PIF xx/xx/xxxx.  Condition resolved - xx/xx/xxxx
Housing history meets guideline requirements. - xx/xx/xxxx
Here is the Credit Supplement which shows mortgage was paid in full in xxxxxx of xxxxxx - xx/xx/xxxx
Condition upheld. There is no mortgage being paid off on the Final CD for the subject transaction.  Guidelines state:  All mortgages and rental payments should be current at time of closing. Provide evidence the mortgage was current at the time of closing. - xx/xx/xxxx
Its subject property - xx/xx/xxxx
 Documentation meet requirements 2026-05-07 18:26 Resolved 3 1 4 1
4000125801 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-01 17:05 Cleared 1 1 4 1
4000125801 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 5 xx/xx/xxxx Credit Credit Documentation - Mortgage History The loan file did not contain sufficient mortgage payment history. Provide an explanation and documentation to support what property this COOP xxxxxx mortgage belongs to.  There is no REO listed on the 1003 with this mortgage and the Borrower lives rent free.
enclosed  - xx/xx/xxxx

 Condition set in error. Account was PIF xx/xx/xxxx. Condition resolved - xx/xx/xxxx

enclosed  - xx/xx/xxxx

 2026-05-07 18:30 Resolved 3 1 4 1
4000125801 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 5 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-01 17:05 Cleared 1 1 4 1
4000125801 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 5 xx/xx/xxxx Compliance Missing Warranty / Transfer Deed Warranty / Transfer Deed is not provided. Missing Warranty / Transfer Deed



This is refi - xx/xx/xxxx

 Not required on a refi - xx/xx/xxxx

This is refi - xx/xx/xxxx

 2026-05-05 14:25 Resolved 4 1 4 1
4000125815 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-27 13:12 Cleared 1 1 3 1
4000125815 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-27 13:13 Cleared 1 1 3 1
4000125815 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. Lender to provide proof of PITA for primary residence missing from the loan file.



Primary PITI docs, no mortgage on the property  - xx/xx/xxxx

 Evidence provided to show Borrower's primary is free and clear. - xx/xx/xxxx

Primary PITI docs, no mortgage on the property  - xx/xx/xxxx

 2026-05-28 16:14 Resolved 3 1 3 1
4000125821 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-13 19:04 Cleared 1 1 1 1
4000125821 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-13 19:05 Cleared 1 1 1 1
4000125821 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-13 19:08 Cleared 1 1 1 1
4000125824 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-04 21:05 Cleared 1 1 1 1
4000125824 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-04 21:05 Cleared 1 1 1 1
4000125824 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-04 21:05 Cleared 1 1 1 1
4000125847 xx/xx/xxxx xxxxx xxxxx NC Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-07 17:21 Cleared 1 1 1 1
4000125847 xx/xx/xxxx xxxxx xxxxx NC Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-07 17:21 Cleared 1 1 1 1
4000125847 xx/xx/xxxx xxxxx xxxxx NC Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-07 17:21 Cleared 1 1 1 1
4000125851 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
 - xx/xx/xxxx

 2026-04-29 12:57 Cleared 1 1 3 1
4000125851 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report.

FRAUD REPORT  - xx/xx/xxxx

 Fraud Report provided.  Condition resolved. - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

FRAUD REPORT  - xx/xx/xxxx

 2026-05-06 20:57 Resolved 3 1 3 1
4000125851 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 - xx/xx/xxxx

 2026-04-29 12:56 Cleared 1 1 3 1
4000125851 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit Corporation/LLC: EIN Doc is Missing The loan file does not contain the Coporation/LLC: EIN documentation. Per documentation new LLC formed xx/xx/xxxx. Missing required documentation § Tax Identification Number§ Certificate of Good Standing. Did not see exception in file for not meeting documentation requirements.

Cert of organization and initial resolutions provided.  - xx/xx/xxxx
 
Document Uploaded.  - xx/xx/xxxx
 See attached-- from the  xxxxxx Secretary of State website, the Business is ACTIVE.  - xx/xx/xxxx
 ein number - xx/xx/xxxx
 llc docs. notes in there state that the business was just formed xx/xx/xxxx so no letter of good standing - xx/xx/xxxx
 All required LLC docs were provided.  Condition resolved. - xx/xx/xxxx
Document Uploaded.  - xx/xx/xxxx
Document Uploaded. EIN Provided, still pending other entity documents - xx/xx/xxxx
Articles of Incorporation, Operating Agreement, Tax ID (EIN), and COGS, are required per guidelines. Documents not provided. - xx/xx/xxxx
See attached-- from the  xxxxxx Secretary of State website, the Business is ACTIVE.  - xx/xx/xxxx
Condition upheld.  All LLC Docs are required per guidelines.  If unable to provide, provide an Approved Exception.  - xx/xx/xxxx
ein number - xx/xx/xxxx
Condition upheld.  Regardless of LLC formation, Articles of Incorporation, Operating Agreement, Tax ID (EIN), and COGS, are required per guidelines.  If unable to obtain, provide an Approved Exception.  - xx/xx/xxxx
llc docs. notes in there state that the business was just formed xx/xx/xxxx so no letter of good standing - xx/xx/xxxx
 2026-05-15 16:42 Resolved 3 1 3 1
4000125901 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit Hazard Insurance Coverage Amount is less than Required Coverage Amount Coverage Amount - Hazard insurance amount is less than required coverage amount. Lender to provide a replacement cost estimator to verify adequate dwelling coverage for the subject property. In lieu of an RCE the lender may verify with the insurance agent if the policy includes guaranteed replacement cost. 



RCE - xx/xx/xxxx

 RCE value of $xxxxxx was provided.  HOI Coverage is $xxxxxx.  Condition resolved. - xx/xx/xxxx
Coverage Amount - Hazard Insurance of $xxxxxx is equal to or greater than Required Coverage Amount of $xxxxxx - xx/xx/xxxx
RCE - xx/xx/xxxx
 2026-05-14 19:48 Resolved 3 1 3 1
4000125901 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-12 18:40 Cleared 1 1 3 1
4000125901 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-12 18:41 Cleared 1 1 3 1
4000125904 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-27 21:33 Cleared 1 1 2 1
4000125904 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-27 21:33 Cleared 1 1 2 1
4000125904 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Purchase Contract - Addendum Missing The Purchase Contract Addendum is missing. 1) Missing sales contract addendum confirming no value for furnishings included in sale. 2) Missing addendum for buyer being  - xxxxxx

Addendum - xx/xx/xxxx

 Letter stating that home was sold furnished and Appraiser stated furnishings were not included in the value is in the Appraisal.  An Assignment to the contract was provided changing the Buyer.  Condition resolved. - xx/xx/xxxx

Addendum - xx/xx/xxxx

 2026-05-08 13:25 Resolved 2 1 2 1
4000125973 xx/xx/xxxx xxxxx xxxxx DE Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Compliance Disclosure - ARM Disclosure/Late The ARM Disclosure was not provided within 3 days of application date. The Consumer Handbook on Adjustable-Rate Mortgages (CHARM) booklet disclosure is missing from the file. 



ARM Disclosure and CHARM Booklet - xx/xx/xxxx

 Received both disclosures within 3 days of program change - xx/xx/xxxx

The ARM Disclosure was not provided within 3 days of application date. - xx/xx/xxxx

ARM Disclosure and CHARM Booklet - xx/xx/xxxx

 2026-05-11 19:00 Resolved 3 1 4 1
4000125973 xx/xx/xxxx xxxxx xxxxx DE Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Property Appraisal is Missing The file is missing the appraisal.

Appraisal - xx/xx/xxxx

 Condition set in error. Appraisal located in the loan file. - xx/xx/xxxx

Appraisal - xx/xx/xxxx

 2026-05-11 13:39 Resolved 4 1 4 1
4000125973 xx/xx/xxxx xxxxx xxxxx DE Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.

Please clear this for purchase - xx/xx/xxxx

 The loan meets all applicable credit guidelines.
 - xx/xx/xxxx

Please clear this for purchase - xx/xx/xxxx

 2026-05-11 21:36 Cleared 1 1 4 1
4000125975 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-21 15:18 Cleared 1 1 3 1
4000125975 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report. Lender to provide the fraud report including the OFAC for all interested parties in the loan transaction. 



See attached  - xx/xx/xxxx

 Fraud Report provided.  Condition resolved.   - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

See attached  - xx/xx/xxxx

 2026-05-27 13:36 Resolved 3 1 3 1
4000125975 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-21 15:18 Cleared 1 1 3 1
4000125988 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-30 20:27 Cleared 1 1 1 1
4000125988 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-30 20:26 Cleared 1 1 1 1
4000125988 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-30 20:26 Cleared 1 1 1 1
4000125993 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance Prepayment Penalty Information Unavailable Prepayment Penalty information unavailable. The Closing Disclosure and the Lock Confirmation both note a prepayment penalty on the subject loan, but the details are not confirmed. Please provide a copy of the Prepayment Addendum to the Note.



See attached  - xx/xx/xxxx

 Prepayment Penalty Information is Resolved - xx/xx/xxxx

Received addendum - xx/xx/xxxx

See attached  - xx/xx/xxxx

 2026-05-19 19:56 Resolved 3 1 3 1
4000125993 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-11 20:04 Cleared 1 1 3 1
4000125993 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-11 20:04 Cleared 1 1 3 1
4000126005 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-14 20:02 Cleared 1 1 1 1
4000126005 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-14 20:02 Cleared 1 1 1 1
4000126005 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-14 20:01 Cleared 1 1 1 1
4000126013 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-02 21:35 Cleared 1 1 1 1
4000126013 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-06-02 21:35 Cleared 1 1 1 1
4000126013 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-02 21:35 Cleared 1 1 1 1
4000126016 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-01 15:13 Cleared 1 1 1 1
4000126016 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-01 15:13 Cleared 1 1 1 1
4000126016 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-01 15:12 Cleared 1 1 1 1
4000126022 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-15 18:11 Cleared 1 1 1 1
4000126022 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-15 18:12 Cleared 1 1 1 1
4000126022 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-15 18:11 Cleared 1 1 1 1
4000126052 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-13 17:20 Cleared 1 1 1 1
4000126052 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-13 17:19 Cleared 1 1 1 1
4000126052 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-13 17:20 Cleared 1 1 1 1
4000126056 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-11 15:44 Cleared 1 1 1 1
4000126056 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU a with risk score = / < 2.5 which meets the lender's guidelines.





2026-05-11 15:42 Cleared 1 1 1 1
4000126056 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-11 15:43 Cleared 1 1 1 1
4000126079 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-04 20:43 Cleared 1 1 1 1
4000126079 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-04 20:43 Cleared 1 1 1 1
4000126079 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-04 20:43 Cleared 1 1 1 1
4000126096 xx/xx/xxxx xxxxx xxxxx ID Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-12 16:36 Cleared 1 1 1 1
4000126096 xx/xx/xxxx xxxxx xxxxx ID Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-12 16:36 Cleared 1 1 1 1
4000126096 xx/xx/xxxx xxxxx xxxxx ID Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-12 16:37 Cleared 1 1 1 1
4000126119 xx/xx/xxxx xxxxx xxxxx NM Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit Missing letter of explanation Lender to provide an LOE for why the final loan application shows the borrower living at 1 address with no primary housing expense, with a different property on the loan application showing primary residence in the REO Schedule, and the borrower's attestation. Also include if the current REO shown as Primary Residence is being retained for investment as the subject per the attestation is to be the primary residence..

Corrected REO to retain as investment. Attached LOE for living rent free - xx/xx/xxxx

 LOE from non-borrowing spouse verifying borrower lives rent free, and corrected initial 1003 showing additional REO as investment received. Condition resolved.  - xx/xx/xxxx

Corrected REO to retain as investment. Attached LOE for living rent free - xx/xx/xxxx

 2026-05-11 14:40 Resolved 3 1 3 1
4000126119 xx/xx/xxxx xxxxx xxxxx NM Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance Missing evidence of rate lock Missing evidence of Rate Lock. Lender to provide xxxxxx Lock Confirmation withxxx xxxxxxxx missing from the loan file.



Document Uploaded.  - xx/xx/xxxx

 lock - xx/xx/xxxx

 xxxxxx lock was located.  Condition resolved. - xx/xx/xxxx

Document Uploaded.  - xx/xx/xxxx

lock - xx/xx/xxxx

 2026-05-11 17:31 Resolved 3 1 3 1
4000126119 xx/xx/xxxx xxxxx xxxxx NM Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-01 21:33 Cleared 1 1 3 1
4000126145 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 5 xx/xx/xxxx Compliance Collateral Protection Notice is Missing Collateral Protection notice is missing.

The executed xxxxxx Deed of Trust/Security Instrument contains the required collateral protection insurance language in Section 5, Property Insurance. xxxxxx Finance Code § 307.052 permits the required notice to be included in the credit agreement or provided separately at execution. Since the required language is already included in the executed security instrument, a separate standalone Collateral Protection Notice is not required. Please Cancel. - xx/xx/xxxx
 Collateral Protection Notice is Present or Not Applicable - xx/xx/xxxx

Confirmed verbiage imbedded in DOT. - xx/xx/xxxx

The executed xxxxxx Deed of Trust/Security Instrument contains the required collateral protection insurance language in Section 5, Property Insurance. xxxxxx Finance Code § 307.052 permits the required notice to be included in the credit agreement or provided separately at execution. Since the required language is already included in the executed security instrument, a separate standalone Collateral Protection Notice is not required. Please Cancel. - xx/xx/xxxx

 2026-05-14 16:10 Resolved 3 1 3 1
4000126145 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU a with risk score = / < 2.5 which meets the lender's guidelines.





2026-05-12 21:52 Cleared 1 1 3 1
4000126145 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 5 xx/xx/xxxx Credit Title Document is Partially Present Title document is incomplete or only partially present.  File is missing either a xxxxxx/Property Report or the xxxxxx, xxxxxx, Transaction Cert, or E&O Policy.  Please supply both required Title documents. Missing a title document that includes all borrowers listed as per the Note.  Per the Note, the subject loan closed with 3 borrowers vested on title.  The loan file contains a preliminary title commitment and a Closing Protection letter that list Borrower 1 and his non-borrowing spouse; however, Borrower 2 and Borrower 3 are non occupant borrowers and are required to be vested on title. 



File documentation supports that  and xxxxxx were non-occupant co-borrowers/co-signers and were not intended to be vested on title or deed. The 1008 confirms this was an xxxxxx loan with B1 owner occupied and B2/B3 as NOO under manual underwriting. Internal closing notes state xxxxxx and xxxxxx were “just co-signers” and were “not going on title,” and the Closing Protection Letter identifies the title-side buyer/borrower parties as xxxxxx and xxxxxx. Therefore, the absence of Borrower 2 and Borrower 3 from the title vesting document is not a title-document defect. Please Cancel. - xx/xx/xxxx
 Condition set in error.  Occupying Borrower (B1) and Spouse signed the DOT and are vested on Title.  B2 and B3 are non-occupying Borrower's (Co-Signors)  Condition resolved. - xx/xx/xxxx
Title document has been provided. - xx/xx/xxxx
File documentation supports that xxxxxx and xxxxxx were non-occupant co-borrowers/co-signers and were not intended to be vested on title or deed. The 1008 confirms this was an xxxxxx loan with B1 owner occupied and B2/B3 as NOO under manual underwriting. Internal closing notes state xxxxxx and xxxxxx were “just co-signers” and were “not going on title,” and the Closing Protection Letter identifies the title-side buyer/borrower parties as xxxxxx and xxxxxx. Therefore, the absence of Borrower 2 and Borrower 3 from the title vesting document is not a title-document defect. Please Cancel. - xx/xx/xxxx
 2026-05-14 15:50 Resolved 3 1 3 1
4000126145 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 5 xx/xx/xxxx Credit Borrower 2 - Missing or incomplete income documentation for 1 or 2 Year Full Doc Verified Doc Type is '2YR Full Doc' but provided income documentation for Borrower 2 Personal Tax Returns, Business Tax Returns, or W2/1099 is not '2 YRS', or insufficient verified Paystubs were provided. The loan was approved using 24 months of income documentation. Please provide the xxxxxxx tax returns for borrower 2 or the updated lock agreement reflecting 12 months of income documentation

Updated lock confirmation has been provided showing the loan was changed from 24 Mo Full Documentation to 12 Mo Full Documentation, with the change request approved on xx/xx/xxxx.  The lock now reflects 12 Mo Full Documentation, the prior 24-month documentation condition is no longer applicable. Please Cancel. -xx/xx/xxxx
 The loan has been changed from a 2-year doc type to a 1-year doc type. Attached income calculation worksheet supports Borrower 2 xxxxxx  using xxxxxx Schedule C income under the 1-year documentation structure. The SAM Cash Flow Analysis Worksheet dated xx/xx/xxxx reflects TM Consulting-B2 with xxxxxx net profit of $xxxxxx, resulting in qualifying income of $xxxxxx per month. Since the loan is now under a 1-year doc type, the prior 24-month/2-year income documentation condition is no longer applicable for B2. Please Cancel. - xx/xx/xxxx
 File documentation supports that Borrower 2 xxxxxx  was qualified using xxxxxx Schedule C income under the 1-year/12-month income documentation structure. The 1008 reflects Borrower 2 income of $xxxxxx, and the xxxxxx Addendum states, “B2 & B3 ARE SELF-EMPLOYED SCHEDULE C INCOME. xxxxxx TAXES--B2 $xxxxxx & B3 $xxxxxx. P&L IN FILE, CPA VERIFIED 3RD PARTY. IRS TAX TRANSCRIPTS IN FILE W/ PROOF OF xxxxxx TAXES PAID.” The file also contains the xxxxxx xxxxxx and xxxxxx personal tax return package, matching xxxxxx IRS tax transcript, and CPA documentation supporting the Schedule C presentation for xxxxxx and xxxxxx. The file support confirms Borrower 2 was underwritten using xxxxxx income documentation, not a missing 2-year tax return calculation. Please Cancel. - xx/xx/xxxx
 Updated xxxxxx lock was provided to show loan is locked at 12 months Full Doc. Condition resolved. - xx/xx/xxxx
Validation resolved - xx/xx/xxxx
Updated lock confirmation has been provided showing the loan was changed from 24 Mo Full Documentation to 12 Mo Full Documentation, with the change request approved on xx/xx/xxxx.  The lock now reflects 12 Mo Full Documentation, the prior 24-month documentation condition is no longer applicable. Please Cancel. -xx/xx/xxxx
Condition upheld.  Updated income worksheet and income docs were provided.  Rebuttal states loan has changed to a 1 year doc type.  Provide the update xxxxxx Lock Confirmation. - xx/xx/xxxx
The loan has been changed from a 2-year doc type to a 1-year doc type. Attached income calculation worksheet supports Borrower 2 xxxxxx  using xxxxxx Schedule C income under the 1-year documentation structure. The SAM Cash Flow Analysis Worksheet dated xx/xx/xxxx reflects xxxxxx-B2 with xxxxxx net profit of $xxxxxx, resulting in qualifying income of $xxxxxx per month. Since the loan is now under a 1-year doc type, the prior 24-month/2-year income documentation condition is no longer applicable for B2. Please Cancel. - xx/xx/xxxx
Condition upheld.  xxxxxx lock states Loan Documentation is 24 months Full Documentation.  Provide 2 years income documentation, corrected lock, or Approved Exception from xxxxxx. - xx/xx/xxxx
File documentation supports that Borrower 2 xxxxxx  was qualified using xxxxxx Schedule C income under the 1-year/12-month income documentation structure. The 1008 reflects Borrower 2 income of $xxxxxx, and the xxxxxx Addendum states, “B2 & B3 ARE SELF-EMPLOYED SCHEDULE C INCOME. xxxxxx TAXES--B2 $xxxxxx & B3 $xxxxxx. P&L IN FILE, CPA VERIFIED 3RD PARTY. IRS TAX TRANSCRIPTS IN FILE W/ PROOF OF xxxxxx TAXES PAID.” The file also contains the xxxxxx xxxxxx  and xxxxxx personal tax return package, matching xxxxxx IRS tax transcript, and CPA documentation supporting the Schedule C presentation for xxxxxx and xxxxxx. The file support confirms Borrower 2 was underwritten using xxxxxx income documentation, not a missing 2-year tax return calculation. Please Cancel. - xx/xx/xxxx
 2026-06-08 15:58 Resolved 3 1 3 1
4000126145 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 5 of 5 xx/xx/xxxx Credit Borrower 3 - Missing or incomplete income documentation for 1 or 2 Year Full Doc Verified Doc Type is '2YR Full Doc' but provided income documentation for Borrower 3 Personal Tax Returns, Business Tax Returns, or W2/1099 is not '2 YRS', or insufficient verified Paystubs were provided. The loan was approved using 24 months of income documentation. Please provide the xxxxxx tax returns for borrower 3 or the updated lock agreement reflecting 12 months of income documentation

Updated lock confirmation has been provided showing the loan was changed from 24 Mo Full Documentation to 12 Mo Full Documentation, with the change request approved on xx/xx/xxxx.  The lock now reflects 12 Mo Full Documentation, the prior 24-month documentation condition is no longer applicable. Please Cancel. -xx/xx/xxxx
 The loan has been changed from a 2-year doc type to a 1-year doc type. Attached income calculation worksheet supports Borrower 3 xxxxxx using xxxxxx Schedule C income under the 1-year documentation structure. The SAM Cash Flow Analysis Worksheet dated xx/xx/xxxx reflects xxxxxx-B3 with xxxxxx net profit of $xxxxxx, resulting in qualifying income of $xxxxxx per month. Since the loan is now under a 1-year doc type, the prior 24-month/2-year income documentation condition is no longer applicable for B3. Please Cancel. - xx/xx/xxxx
 File documentation supports that Borrower 3 xxxxxx was qualified using xxxxxx Schedule C income under the 1-year/12-month income documentation structure. The 1008 reflects Borrower 3 income of $xxxxxx, and the xxxxxx Addendum states, “B2 & B3 ARE SELF-EMPLOYED SCHEDULE C INCOME. xxxxxx TAXES--B2 $xxxxxx & B3 $xxxxxx. P&L IN FILE, CPA VERIFIED 3RD PARTY. IRS TAX TRANSCRIPTS IN FILE W/ PROOF OF xxxxxx TAXES PAID.” The file also contains the xxxxxx xxxxxx and xxxxxx personal tax return package, matching xxxxxx IRS tax transcript, and CPA documentation confirmingxxxxxx is a reference name used to separate xxxxxx consulting income. The file support confirms Borrower 3 was underwritten using xxxxxx income documentation, not a missing 2-year tax return calculation. Please Cancel. - xx/xx/xxxx
 Updated xxxxxx lock was provided to show loan is locked at 12 months Full Doc. Condition resolved. - xx/xx/xxxx
Validation resolved - xx/xx/xxxx
Updated lock confirmation has been provided showing the loan was changed from 24 Mo Full Documentation to 12 Mo Full Documentation, with the change request approved on xx/xx/xxxx.  The lock now reflects 12 Mo Full Documentation, the prior 24-month documentation condition is no longer applicable. Please Cancel. -xx/xx/xxxx
Condition upheld.  Updated income worksheet and income docs were provided.  Rebuttal states loan has changed to a 1 year doc type.  Provide the update xxxxxx Lock Confirmation. - xx/xx/xxxx
The loan has been changed from a 2-year doc type to a 1-year doc type. Attached income calculation worksheet supports Borrower 3 xxxxxx/xxxxxx using 2025 Schedule C income under the 1-year documentation structure. The SAM Cash Flow Analysis Worksheet dated xx/xx/xxxx reflectsxxxxxx-B3 with xxxxxx net profit of $xxxxxx, resulting in qualifying income of $xxxxxx per month. Since the loan is now under a 1-year doc type, the prior 24-month/2-year income documentation condition is no longer applicable for B3. Please Cancel. - xx/xx/xxxx
Condition upheld. xxxxxx lock states Loan Documentation is 24 months Full Documentation. Provide 2 years income documentation, corrected lock, or Approved Exception from xxxxxx. - xx/xx/xxxx
File documentation supports that Borrower 3 xxxxxx was qualified using xxxxxx Schedule C income under the 1-year/12-month income documentation structure. The 1008 reflects Borrower 3 income of $xxxxxx, and the xxxxxx Addendum states, “B2 & B3 ARE SELF-EMPLOYED SCHEDULE C INCOME. xxxxxx TAXES--B2 $xxxxxx & B3 $xxxxxx. P&L IN FILE, CPA VERIFIED 3RD PARTY. IRS TAX TRANSCRIPTS IN FILE W/ PROOF OF xxxxxx TAXES PAID.” The file also contains the xxxxxx xxxxxx  and xxxxxx personal tax return package, matching xxxxxx IRS tax transcript, and CPA documentation confirmingxxxxxx is a reference name used to separate xxxxxx consulting income. The file support confirms Borrower 3 was underwritten using xxxxxx income documentation, not a missing 2-year tax return calculation. Please Cancel. - xx/xx/xxxx
 2026-06-08 15:58 Resolved 3 1 3 1
4000126160 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-06-08 19:22 Cleared 1 1 3 1
4000126160 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product.

CDA value $xxxxxx.  Appraisal value $xxxxxx. - xx/xx/xxxx
 CDA supporting value was provided.  Condition resolved. - xx/xx/xxxx
CDA value $xxxxxx.  Appraisal value $xxxxxx. - xx/xx/xxxx
 2026-06-10 16:25 Resolved 3 1 3 1
4000126160 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-08 19:22 Cleared 1 1 3 1
4000126162 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 7 of 8 xx/xx/xxxx Credit AUS (Manual) - Missing A Manual Underwrite was required, but not in evidence in the file. AUS run missing from file.



updated lock confirmation  - xx/xx/xxxx

 The change for AUS TO NON AUS  was approved, please refer to page 2 of the lock confirmation, the change was approved.  - xx/xx/xxxx

 not required. lock confirmation attached.  - xx/xx/xxxx

 New xxxxxx Lock was provided changing loan program from Agency Conforming to Expanded Prime Plus.  Condition resolved. - xx/xx/xxxx

updated lock confirmation  - xx/xx/xxxx

Condition upheld.  We acknowledge the program was changed to Non AUS program and manual UW per provided change request, however it does not state which program it was re-locked to and the guideline used.  Provide the updated xxxxxx Lock. - xx/xx/xxxx

The change for AUS TO NON AUS  was approved, please refer to page 2 of the lock confirmation, the change was approved.  - xx/xx/xxxx

Condition upheld.  Lock change request was provided.  Provide the new xxxxxx lock showing the the correct and current program.  - xx/xx/xxxx

not required. lock confirmation attached.  - xx/xx/xxxx

 2026-05-20 17:10 Resolved 2 1 3 1
4000126162 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 8 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-07 20:02 Cleared 1 1 3 1
4000126162 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 8 xx/xx/xxxx Credit Program Parameters - Borrower/Business Entity Ineligibility GSE's do not allow vesting to a non-natural person/LLC/ Business Entity is Ineligible.  Lender to review to determine if a xxxxxx Exception Approval is needed.

updated lock confirmation  - xx/xx/xxxx

 The change for AUS TO NON AUS  was approved, please refer to page 2 of the lock confirmation, the change was approved.  - xx/xx/xxxx

 loan is a non qm. lock confirmation attached.  - xx/xx/xxxx

 New xxxxxx Lock was provided changing loan program from xxxxxx to xxxxxx.  Condition resolved. - xx/xx/xxxx
updated lock confirmation  - xx/xx/xxxx
Condition upheld.  We acknowledge the program was changed to Non AUS program and manual UW per provided change request, however it does not state which program it was re-locked to and the guideline used.  Provide the updated xxxxxx Lock. - xx/xx/xxxx
The change for AUS TO NON AUS  was approved, please refer to page 2 of the lock confirmation, the change was approved.  - xx/xx/xxxx
Condition upheld.  Lock change request was provided.  Provide the new xxxxxx lock showing the the correct and current program.  - xx/xx/xxxx
loan is a non qm. lock confirmation attached.  - xx/xx/xxxx
 2026-05-20 17:11 Resolved 3 1 3 1
4000126162 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 8 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report.

fraud report and ssv  - xx/xx/xxxx

 Fraud Report and SSN verification was provided.  Condition resolved. - xx/xx/xxxx

fraud report and ssv  - xx/xx/xxxx

 2026-05-11 19:01 Resolved 3 1 3 1
4000126162 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 8 xx/xx/xxxx Property Missing HOA/Condo Certification Per the appraisal the HOA is $xxxxxx/year. Per the CD the HOA is $xxxxxx/year. Missing HOA cert or other document to support the HOA dues for this New Construction Community as evidenced by the CD.
please see attached email confirming annual HOA amount is $xxxxxx.  - xx/xx/xxxx
 Could you please clarify where on the CD it reflects $xxxxxx?  - xx/xx/xxxx
 Evidence of Correct HOA was provided.  Condition resolved. - xx/xx/xxxx
please see attached email confirming annual HOA amount is $xxxxxx.  - xx/xx/xxxx
Could you please clarify where on the CD it reflects $xxxxxx?  - xx/xx/xxxx
 2026-05-11 19:46 Resolved 3 1 3 1
4000126162 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 8 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-07 20:01 Cleared 1 1 3 1
4000126162 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 8 of 8 xx/xx/xxxx Credit Approval/Underwriting Summary Not Provided The loan did not contain the Approval/Underwriting Summary. Loan file is missing the 1008/Loan Approval. Loan file is missing the 1008/Loan Approval.



1008 - xx/xx/xxxx

 Document Uploaded.  - xx/xx/xxxx

 Corrected 1008 was provided.  Condition resolved. - xx/xx/xxxx

Approval/Underwriting Summary is fully present - xx/xx/xxxx

1008 - xx/xx/xxxx

Document Uploaded.  - xx/xx/xxxx

 2026-05-20 17:08 Resolved 3 1 3 1
4000126162 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 8 xx/xx/xxxx Credit Program Parameters - Guidelines Conformity The subject loan does not conform to program guidelines. The subject is vested in a business. 1) Please provide an explanation for the guides used to allow the business vesting for GSE loan. 2) Missing all the business documents for xxxxxx.- formed for the purpose of Ownership and Management of Real Estate (i.e, Articles of Incorporation, Operating Agreement (or equivalent), Tax Identification Number, Certificate of Good Standing (Must be dated within 30 days of closing)

PLEASE SEE ATTACHED LLC OPERATIING AGREEMENT, LLC FILING RECEIPT, AND LLC CERT OF ORGANIZATION  - xx/xx/xxxx

 LLC Docs were provided.  Condition resolved. - xx/xx/xxxx

PLEASE SEE ATTACHED LLC OPERATIING AGREEMENT, LLC FILING RECEIPT, AND LLC CERT OF ORGANIZATION  - xx/xx/xxxx

 2026-05-11 19:31 Resolved 3 1 3 1
4000126178 xx/xx/xxxx xxxxx xxxxx AZ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-06-03 14:49 Cleared 1 1 1 1
4000126178 xx/xx/xxxx xxxxx xxxxx AZ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-03 14:49 Cleared 1 1 1 1
4000126178 xx/xx/xxxx xxxxx xxxxx AZ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-03 14:49 Cleared 1 1 1 1
4000126180 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-28 19:17 Cleared 1 1 1 1
4000126180 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-28 19:17 Cleared 1 1 1 1
4000126180 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-28 19:17 Cleared 1 1 1 1
4000126181 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Hazard Insurance Coverage Amount is less than Required Coverage Amount Coverage Amount - Hazard insurance amount is less than required coverage amount. Dwelling $xxxxxx/other structures $xxxxxx=$xxxxxx vs Ln amount $xxxxxx. No RCE documentation or verbiage on policy in file.

RCE - xx/xx/xxxx

 RCE provided showing cost at $xxxxxx.  Coverage Amount is $xxxxxx.  Condition resolved. - xx/xx/xxxx
Coverage Amount - Hazard Insurance of $xxxxxx is equal to or greater than Required Coverage Amount of $xxxxxx - xx/xx/xxxx
RCE - xx/xx/xxxx
 2026-05-07 19:12 Resolved 3 1 3 1
4000126181 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-06 15:41 Cleared 1 1 3 1
4000126181 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 15:41 Cleared 1 1 3 1
4000126219 xx/xx/xxxx xxxxx xxxxx CO Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
 

2026-04-29 20:39 Cleared 1 1 4 1
4000126219 xx/xx/xxxx xxxxx xxxxx CO Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 

2026-04-29 20:39 Cleared 1 1 4 1
4000126219 xx/xx/xxxx xxxxx xxxxx CO Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Business Purpose - Loan Guaranty/Missing The Personal Loan Guaranty is missing. Please provide the personal loan guaranty.



We are being conditioned for a Guaranty Agreement, however HB does not require a separate “Guarantor Agreement” as we have the applicable docs executed by the borrower as both “Member” of the LLC and as “Borrower” to the loan, essentially establishing the guaranty. - xx/xx/xxxx

 Condition set in error.  Borrower signed as an Individual and as a Member of the Entity.  - xx/xx/xxxx

The Personal Loan Guaranty is not missing. - xx/xx/xxxx

We are being conditioned for a Guaranty Agreement, however HB does not require a separate “Guarantor Agreement” as we have the applicable docs executed by the borrower as both “Member” of the LLC and as “Borrower” to the loan, essentially establishing the guaranty. - xx/xx/xxxx

 2026-05-14 16:01 Resolved 4 1 4 1
4000126228 xx/xx/xxxx xxxxx xxxxx WA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-12 15:36 Cleared 1 1 1 1
4000126228 xx/xx/xxxx xxxxx xxxxx WA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-12 15:36 Cleared 1 1 1 1
4000126228 xx/xx/xxxx xxxxx xxxxx WA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-12 15:36 Cleared 1 1 1 1
4000126231 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance Missing evidence of rate lock Missing evidence of Rate Lock. Missing Lock Confirmation between xxxxxx, Inc. and xxxxxx xxxxxx. 

Rate lock attached - xx/xx/xxxx

 

Document Uploaded.  - xx/xx/xxxx

 lock  - xx/xx/xxxx

 locked disc  - xx/xx/xxxx

 rate lock provided - xx/xx/xxxx
Document Uploaded.  - xx/xx/xxxx
Condition upheld.  xxxxxx lock is incorrect.  Loan Amount, Program.  Provide correct Lock between xxxxxx and xxxxxx. - xx/xx/xxxx
lock  - xx/xx/xxxx
Condition upheld. Provide the Lock Confirmation between xxxxxx and xxxxxx.  - xx/xx/xxxx
locked disc  - xx/xx/xxxx
 2026-05-18 15:02 Resolved 3 1 3 1
4000126231 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-08 18:00 Cleared 1 1 3 1
4000126231 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Title Coverage is Less than Subject Lien(s) Total Title coverage is less than total amount of subject lien(s). The Preliminary Title Commitment dated xx/xx/xxxx reflects a title insurance policy amount of $xxxxxx. Please provide the Final Title Policy showing sufficient coverage for the subject loan amount of $xxxxxx.

Final Policy - xx/xx/xxxx

 title in file  - xx/xx/xxxx

 Final Title provided. Condition resolved. - xx/xx/xxxx
Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xx/xx/xxxx
Final Policy - xx/xx/xxxx
Document Uploaded. Condition upheld.  The Title Commitment provided and one of two in the loan file is dated xx/xx/xxxx and has a policy amount of $xxxxxx.  However, located in the loan file as well is a Title Commitment dated xx/xx/xxxx with a policy amount of $xxxxxx (see attached).  Provide Final Title. - xx/xx/xxxx
title in file  - xx/xx/xxxx
 2026-05-14 13:30 Resolved 3 1 3 1
4000126234 xx/xx/xxxx xxxxx xxxxx NV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-05 21:03 Cleared 1 1 1 1
4000126234 xx/xx/xxxx xxxxx xxxxx NV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-05 21:03 Cleared 1 1 1 1
4000126234 xx/xx/xxxx xxxxx xxxxx NV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-05 21:03 Cleared 1 1 1 1
4000126247 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-11 20:44 Cleared 1 1 1 1
4000126247 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-11 20:44 Cleared 1 1 1 1
4000126247 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-11 20:44 Cleared 1 1 1 1
4000126265 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 5 xx/xx/xxxx Compliance Missing Doc - Homeownership Counseling Disclosure/Missing Homeownership Counseling Disclosure is missing. missing



HOCA - xx/xx/xxxx

 Homeownership Counseling Disclosure was provided. - xx/xx/xxxx

Received disclosure - xx/xx/xxxx

HOCA - xx/xx/xxxx

 2026-05-15 14:25 Resolved 3 1 4 1
4000126265 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 5 of 5 xx/xx/xxxx Compliance Intent to Proceed is Missing or Incomplete Missing ITP

Intent to proceed  - xx/xx/xxxx

 Received ITP - xx/xx/xxxx

Intent to proceed  - xx/xx/xxxx

 2026-05-19 20:07 Resolved 3 1 4 1
4000126265 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-13 16:16 Cleared 1 1 4 1
4000126265 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 5 xx/xx/xxxx Compliance Missing Service Provider List The loan file does not contain the Service Provider List.

SSPL - xx/xx/xxxx

 Received SPL - xx/xx/xxxx

SSPL - xx/xx/xxxx

 2026-05-15 14:23 Resolved 4 1 4 1
4000126265 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Refinance Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 5 xx/xx/xxxx Credit Title Coverage is Less than Subject Lien(s) Total Title coverage is less than total amount of subject lien(s). Per the title in the loan file, the coverage is for $xxxxxx; however, the loan amount is $xxxxxx. 

attached  - xx/xx/xxxx

 Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xx/xx/xxxx
attached  - xx/xx/xxxx
 2026-05-18 13:59 Resolved 3 1 4 1
4000126275 xx/xx/xxxx xxxxx xxxxx MD Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit ATR: Qualifying Payment Not Properly Considered ATR: Qualifying payment not properly considered.

this is a DSCR loan with market rent of $xxxxxx and a PITIA payment of $xxxxxx, which gives us a DSCR over 1. Please advise how the qualifying payment was not property considered.  - xx/xx/xxxx
 Condition set in error.  Condition resolved. - xx/xx/xxxx
ATR: Qualifying Payment Properly Considered - xx/xx/xxxx
this is a DSCR loan with market rent of $xxxxxx and a PITIA payment of $xxxxxx, which gives us a DSCR over 1. Please advise how the qualifying payment was not property considered.  - xx/xx/xxxx
 2026-05-07 19:27 Resolved 3 1 3 1
4000126275 xx/xx/xxxx xxxxx xxxxx MD Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Compliance Missing Deed of Trust Riders Lender to provide update Deed of Trust indicating the presence of a Prepayment Penalty

see attached  - xx/xx/xxxx

 Received complete DOT with all riders - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-11 19:04 Resolved 3 1 3 1
4000126275 xx/xx/xxxx xxxxx xxxxx MD Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 18:08 Cleared 1 1 3 1
4000126275 xx/xx/xxxx xxxxx xxxxx MD Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-06 18:07 Cleared 1 1 3 1
4000126280 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Credit Profile - Insufficient Tradelines The documented tradelines do not meet the minimum tradelines required per guidelines. Per guidelines-Each Borrower’s credit profile must include a minimum of two (2) trade lines within the last twenty-four (24) months that show a twelve (12) month history. The borrower does not have a minimum of 2 tradelines (outside of an authorized user account) within the last twenty-four (24) months that show a twelve (12) month history. A formal exception is in the file.
 

Compensating factors-The exception was approved due to borrower FICO Score of xxxxxx being 20+ points higher than the program minimum, excess reserves, and due to a 16+ year history as being self-employed, which demonstrates career stability.
2026-05-20 12:06 Waived 2 2 2 2
4000126280 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-20 17:08 Cleared 1 1 2 2
4000126280 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-20 17:08 Cleared 1 1 2 2
4000126284 xx/xx/xxxx xxxxx xxxxx OR Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-20 21:58 Cleared 1 1 1 1
4000126284 xx/xx/xxxx xxxxx xxxxx OR Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-20 21:58 Cleared 1 1 1 1
4000126284 xx/xx/xxxx xxxxx xxxxx OR Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-20 21:58 Cleared 1 1 1 1
4000126294 xx/xx/xxxx xxxxx xxxxx IN Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Credit Audited LTV Exceeds Guideline LTV Audited LTV exceeds guideline LTV. The settlement date of the original purchase transaction for the subject property was xx/xx/xxxx, as confirmed by the Settlement Statement dated xx/xx/xxxx, which is less than six months prior to the current transaction note date of xx/xx/xxxx. Therefore, pursuant to Section 9.9 of the xxxxxx Non‑QM Guidelines, Version 1.1, the lower of the appraised value or the cost basis must be used to determine the loan‑to‑value (LTV) ratio. Although the appraised value is $xxxxxx, the cost basis of $xxxxxx is lower and applies. The cost basis was derived from the purchase price of $xxxxxx, renovation and repair costs of $xxxxxx, and closing costs of $xxxxxx. Using the cost basis of $xxxxxx as the property value results in an LTV of xxxxxx%, which exceeds the guideline maximum LTV of 75%.

UW Cert - xx/xx/xxxx

 Per xxxxxx Guidelines, Section 9.9: Cash-Out seasoning for DSCR. Use the lower of the appraised value or the Cost Basis (defined below). If the cost basis exceeds the Purchase Price by >=120%, the appraised value can be used to calculate the LTV though the loan amount will be limited to no more than the Cost Basis.  In this case, 120% of the Purchase Price is $xxxxxx ($xxxxxx x 1.2). The calculated Cost Basis of $xxxxxx exceeds $xxxxxx. Therefore, the appraised value of $xxxxxx is applicable for the LTV calculation.  Condition resolved. - xx/xx/xxxx
Audited LTV of 75% is less than or equal to Guideline LTV of 75% - xx/xx/xxxx
UW Cert - xx/xx/xxxx
 2026-05-01 17:42 Resolved 3 1 4 1
4000126294 xx/xx/xxxx xxxxx xxxxx IN Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-04-28 13:55 Cleared 1 1 4 1
4000126294 xx/xx/xxxx xxxxx xxxxx IN Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-28 13:56 Cleared 1 1 4 1
4000126294 xx/xx/xxxx xxxxx xxxxx IN Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Credit Business Purpose - Loan Guaranty/Missing The Personal Loan Guaranty is missing. Please provide the personal guaranty.



PG - xx/xx/xxxx

 Personal Guaranty provided.  Condition resolved. - xx/xx/xxxx

The Personal Loan Guaranty is not missing. - xx/xx/xxxx

PG - xx/xx/xxxx

 2026-05-08 15:54 Resolved 4 1 4 1
4000126311 xx/xx/xxxx xxxxx xxxxx IN Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Compliance Missing evidence of rate lock Missing evidence of Rate Lock. The loan file does contain the rate lock; however, the income documentation reflects 24 months bank statements. The loan file does contain 3 different checking; however, the Lender only used the 12 months from xxxxxx acct ending xxxxxx. Updated Rate lock reflecting the correct income documentation.   

Lock as requested - xx/xx/xxxx

 Lock Confirm - xx/xx/xxxx

 Updated - xx/xx/xxxx

 This has now been updated with xxxxxx.  - xx/xx/xxxx

 24 months not required - xx/xx/xxxx

 xxxxxx Lock was provided.  Condition resolved. - xx/xx/xxxx

Lock as requested - xx/xx/xxxx

Condition upheld.  An internal lock was provided showing the program is 12 months Bank Statements.  What is needed it the Lock Confirmation between Lower and xxxxxx showing the program was changed to 12 months Bank Statements and not 24.  - xx/xx/xxxx

Lock Confirm - xx/xx/xxxx

Condition upheld.  Provide the correct lock between Lower and xxxxxx. - xx/xx/xxxx

Updated - xx/xx/xxxx

Condition upheld.  Provide the correct xxxxxx lock. - xx/xx/xxxx

This has now been updated with xxxxxx.  - xx/xx/xxxx

Document Uploaded. Condition upheld.  Per the attached xxxxxx Lock Confirmation, the Doc Type is 24 months Bank Statements.  Provide a corrected xxxxxx Lock to show 12 months Bank Statements as Doc Type. - xx/xx/xxxx

24 months not required - xx/xx/xxxx

 2026-05-20 14:52 Resolved 3 1 3 1
4000126311 xx/xx/xxxx xxxxx xxxxx IN Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-05 16:16 Cleared 1 1 3 1
4000126311 xx/xx/xxxx xxxxx xxxxx IN Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-05 16:17 Cleared 1 1 3 1
4000126321 xx/xx/xxxx xxxxx xxxxx TN Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 6 xx/xx/xxxx Credit Purchase is not considered to be an Arm's Length Transaction Non-arm's length transactions not allowed for program. The appraisal reflects the transaction is a non-arm's length transaction, the 1008 states that an Investor exception for non-arm's length transaction plus for not able to provide last 3 months 1099 deposits is required. However, the loan file does not contain any exceptions. 



exception - xx/xx/xxxx

 exception - xx/xx/xxxx

 Approved exception provided non-arms length sale. - xx/xx/xxxx

exception - xx/xx/xxxx

Exception provided is blank.  Provide legible copy of exception . - xx/xx/xxxx

exception - xx/xx/xxxx

 FICO score above program minimum by twenty (20) points or higher
DTI below program maximum by 5% points or greater
PITIA reserves above program minimum by six (6) months or higher
 2026-05-29 15:15 Waived 3 2 4 2
4000126321 xx/xx/xxxx xxxxx xxxxx TN Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 6 of 6 xx/xx/xxxx Credit Borrower 1 Business Bank Statements Missing Borrower 1 Business Bank Statements missing from the file. The loan file is missing the most recent check stub (or three (3) months bank statements for 1099) including year-to-date
earnings (YTD must cover minimum of thirty (30) days)



bank statements - xx/xx/xxxx

 Three months personal bank statements were provided.  Condition resolved. - xx/xx/xxxx

Borrower 1 Business Bank Statements Provided - xx/xx/xxxx

bank statements - xx/xx/xxxx

 2026-05-27 13:29 Resolved 3 1 4 2
4000126321 xx/xx/xxxx xxxxx xxxxx TN Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 6 xx/xx/xxxx Compliance Missing Doc - Affiliated Business Disclosure/Missing Required Affiliated Business Disclosure missing

there are no affiliates associated with this loan. Please advise what I need to provide. thank you   - xx/xx/xxxx

 Required Affiliated Business Disclosure Resolved - xx/xx/xxxx

Confirmed ABA not required - xx/xx/xxxx

there are no affiliates associated with this loan. Please advise what I need to provide. thank you   - xx/xx/xxxx

 2026-05-27 14:29 Resolved 3 1 4 2
4000126321 xx/xx/xxxx xxxxx xxxxx TN Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 6 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-13 20:34 Cleared 1 1 4 2
4000126321 xx/xx/xxxx xxxxx xxxxx TN Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 6 xx/xx/xxxx Compliance The Deed of Trust is Missing The Deed of Trust is missing. Deet of Trust missing. Lender to provide. 



deed - xx/xx/xxxx

 The Deed of Trust has been provided. - xx/xx/xxxx

Received DOT - xx/xx/xxxx

deed - xx/xx/xxxx

 2026-05-27 14:26 Resolved 4 1 4 2
4000126321 xx/xx/xxxx xxxxx xxxxx TN Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 6 xx/xx/xxxx Compliance AbilityToRepay: QMPointsAndFees The loan fees ($xxxxxx) exceed the (QM) (Note Amount >=$xxxxxx) fee limit, which is 3% of the Total Loan Amount ($xxxxxx), the difference is ($xxxxxx). (12 CFR 1026.43(e)(3). This is a Qualified Mortgage.

CE report - xx/xx/xxxx

 Verified loan passed QM/safe harbor testing - xx/xx/xxxx

Resolved - xx/xx/xxxx

CE report - xx/xx/xxxx

 2026-05-27 14:30 Resolved 3 1 4 2
4000126347 xx/xx/xxxx xxxxx xxxxx FL Second Home Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-04-30 22:03 Cleared 1 1 1 1
4000126347 xx/xx/xxxx xxxxx xxxxx FL Second Home Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-04-30 22:03 Cleared 1 1 1 1
4000126347 xx/xx/xxxx xxxxx xxxxx FL Second Home Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-04-30 22:03 Cleared 1 1 1 1
4000126400 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 4 xx/xx/xxxx Compliance Federal - Loan Estimate Received At Least Four Business Days Before Consummation A revised Loan Estimate was provided on (xxxxxx) via (xxxxxxxx). Under Regulation Z, a consumer must receive a revised Loan Estimate not later than four business days prior to consummation date of  (xxxxxx). Since the revised Loan Estimate was not provided in person, a consumer is considered to have received it on (xxxxxx), which is three business days after it was delivered or placed in the mail. As a result, the revised Loan Estimate is not deemed to have been received at least four business days before consummation, which is (xxxxxx). (12 CFR 1026.19(e)(4)(ii)) Revised LE was not signed and electronic delivery was not evidenced in the loan file. 

COC LE dated xx/xx/xxxx SIGNED xx/xx/xxxx - xx/xx/xxxx
 Received evidence of electronic delivery - xx/xx/xxxx

Resolved - xx/xx/xxxx

COC LE dated xx/xx/xxxx SIGNED xx/xx/xxxx - xx/xx/xxxx

 2026-05-12 14:56 Resolved 3 1 4 1
4000126400 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 23:45 Cleared 1 1 4 1
4000126400 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 4 xx/xx/xxxx Compliance TRID: Missing Initial Closing Disclosure The loan file does not contain the initial Closing Disclosure.

ICD - xx/xx/xxxx

 Received ICD - xx/xx/xxxx

ICD - xx/xx/xxxx

 2026-05-11 15:06 Resolved 4 1 4 1
4000126400 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 4 xx/xx/xxxx Credit Missing VOM or VOR Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. The loan file is missing the borrower's LOX for the reason no housing expenses, rent free letter. 



LOE - xx/xx/xxxx

 Rent Free Letter was provided.  Condition resolved. - xx/xx/xxxx

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xx/xx/xxxx

LOE - xx/xx/xxxx

 2026-05-20 13:39 Resolved 3 1 4 1
4000126416 xx/xx/xxxx xxxxx xxxxx MA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 6 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-15 15:00 Cleared 1 1 4 1
4000126416 xx/xx/xxxx xxxxx xxxxx MA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 6 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report.

CLEARED FRAUDGUARD - xx/xx/xxxx

 Cleared Fraud Report provided.  Condition resolved. - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

CLEARED FRAUDGUARD - xx/xx/xxxx

 2026-05-20 20:54 Resolved 3 1 4 1
4000126416 xx/xx/xxxx xxxxx xxxxx MA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 6 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-15 15:00 Cleared 1 1 4 1
4000126416 xx/xx/xxxx xxxxx xxxxx MA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 6 xx/xx/xxxx Credit Corporation/LLC: EIN Doc is Missing The loan file does not contain the Coporation/LLC: EIN documentation. Provide evidence of the EIN for xxxxxx. 
THIS IS IN THE FILE - xx/xx/xxxx

 EIN provided.  Condition resolved. - xx/xx/xxxx

THIS IS IN THE FILE - xx/xx/xxxx

 2026-05-20 20:59 Resolved 3 1 4 1
4000126416 xx/xx/xxxx xxxxx xxxxx MA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 6 xx/xx/xxxx Credit Corporation/LLC: Certificate to operate/conduct business in a state other than the state where formed Doc is Missing The loan file does not contain the Corporation/LLC: Certificate to operate and conduct business in a state other than the state where entity was formed. Lender to provide business entity documentation



Operation agreement - xx/xx/xxxx

 Condition resolved. Operating Agreement forxxxxxx, was provided.  Both Borrower's own 50% each.  Condition set for missing EIN. - xx/xx/xxxx
Operation agreement - xx/xx/xxxx
 2026-05-19 14:58 Resolved 3 1 4 1
4000126416 xx/xx/xxxx xxxxx xxxxx MA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 6 xx/xx/xxxx Credit Business Purpose - Loan Guaranty/Missing The Personal Loan Guaranty is missing. 



Guaranty  - xx/xx/xxxx

 The Personal Loan Guaranty is not missing. - xx/xx/xxxx

Guaranty Agreement was provided.  Condition resolved. - xx/xx/xxxx

Guaranty  - xx/xx/xxxx

 2026-05-20 20:58 Resolved 4 1 4 1
4000126432 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 4 xx/xx/xxxx Compliance Missing Tangible Net Benefit Disclosure Tangible Net Benefit Disclosure was not provided.

Tangible net benefit disclosure are not require. This is a xxxxxx property .  - xx/xx/xxxx
 Not required for xxxxxx - xx/xx/xxxx
Tangible net benefit disclosure are not require. This is a xxxxxx property .  - xx/xx/xxxx
 2026-05-11 14:54 Resolved 3 1 3 1
4000126432 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-07 15:29 Cleared 1 1 3 1
4000126432 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 4 xx/xx/xxxx Compliance The Initial 1003 is Missing The Initial 1003 is missing.

Please see 1003 attached.  - xx/xx/xxxx

 The Initial 1003 is present. - xx/xx/xxxx

Received Inital 1003 - xx/xx/xxxx

Please see 1003 attached.  - xx/xx/xxxx

 2026-05-11 14:56 Resolved 3 1 3 1
4000126432 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 4 xx/xx/xxxx Credit Income - Comparable Rent Schedule Form 1007 Missing The loan file did not contain the comparable rent schedule form 1007 as required. Per guidelines, when using rental income, Evidence that rent is market rate (free online source is permitted) is required. There is a printout in file from apartments.com, but doesn not include xxxxxx. Please provide documentation of the market rent for this property.

Please see leases and proof of market rent attached for xxxxxx. This is a primary resident, we do not need rent schedule.   - xx/xx/xxxx
 Lease Agreement for the REO 1st floor and Basement, and 2nd floor Lease was provided.  Evidence of rental payments and deposit as well market rent was provided as well.  Condition resolved. - xx/xx/xxxx
Please see leases and proof of market rent attached for xxxxxx. This is a primary resident, we do not need rent schedule.   - xx/xx/xxxx
 2026-05-08 18:57 Resolved 3 1 3 1
4000126436 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-14 19:54 Cleared 1 1 1 1
4000126436 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-14 19:53 Cleared 1 1 1 1
4000126436 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-14 19:53 Cleared 1 1 1 1
4000126444 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-18 15:24 Cleared 1 1 1 1
4000126444 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-18 15:24 Cleared 1 1 1 1
4000126444 xx/xx/xxxx xxxxx xxxxx FL Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-18 15:24 Cleared 1 1 1 1
4000126466 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-05 20:01 Cleared 1 1 1 1
4000126466 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-05 20:01 Cleared 1 1 1 1
4000126466 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-05 20:01 Cleared 1 1 1 1
4000126544 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
 - xx/xx/xxxx

 2026-05-07 19:14 Cleared 1 1 1 1
4000126544 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-07 19:12 Cleared 1 1 1 1
4000126544 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-07 19:13 Cleared 1 1 1 1
4000126626 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-20 21:28 Cleared 1 1 1 1
4000126626 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-20 21:27 Cleared 1 1 1 1
4000126626 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-20 21:27 Cleared 1 1 1 1
4000126635 xx/xx/xxxx xxxxx xxxxx AZ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 4 xx/xx/xxxx Property No Property Findings Loan meets applicable appraisal guidelines.



Loan meets applicable appraisal guidelines. - xx/xx/xxxx

 2026-05-18 16:49 Cleared 1 1 4 1
4000126635 xx/xx/xxxx xxxxx xxxxx AZ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 4 xx/xx/xxxx Credit Program Parameters - Borrower/Business Entity Ineligibility Program Parameters - Borrower/Business Entity Ineligibility.

xxxxxx  Purchased xxxxxx. Please see agreement companies are now one and same. - xx/xx/xxxx
 Business Entity Info - xx/xx/xxxx
 Please provide additional clarification about what you would like us to provide to clear this condition - xx/xx/xxxx
 Documentation provided, showing one company bought the other.  Condition resolved. - xx/xx/xxxx
xxxxxx  Purchased xxxxxx. Please see agreement companies are now one and same. - xx/xx/xxxx
Condition upheld. Both Borrowers state they ownxxxxxx. All bank statements used for income qualification are in the name ofxxxxxx. Provide documentation evidencing the relationship between xxxxxx and xxxxxx such as organizational documents, DBA filings, operating agreements, business licenses, or other supporting documentation. - xx/xx/xxxx
Business Entity Info - xx/xx/xxxx
Condition upheld.  The loan file is missing the business entity listing with the State to show active and in good standing. Business Entity listed on the bank statement is different than the CPA letter in file. The loan file is missing the Articles of Incorporation and the Operating Agreement. The loan file is also missing the listing verifying the ownership with the State.
 - xx/xx/xxxx
Please provide additional clarification about what you would like us to provide to clear this condition - xx/xx/xxxx
 2026-05-27 14:42 Resolved 3 1 4 1
4000126635 xx/xx/xxxx xxxxx xxxxx AZ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 4 xx/xx/xxxx Compliance TRID: Missing Final Closing Disclosure The loan file does not contain the Final Closing Disclosure. File is missing the Final CD.



Closing Disclosure - xx/xx/xxxx

 Received FCD - xx/xx/xxxx

TRID: Final Closing Disclosure Provided - xx/xx/xxxx

Closing Disclosure - xx/xx/xxxx

 2026-05-20 13:59 Resolved 4 1 4 1
4000126635 xx/xx/xxxx xxxxx xxxxx AZ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 4 xx/xx/xxxx Compliance TRID: Missing Initial Closing Disclosure The loan file does not contain the initial Closing Disclosure. File is missing the Initial Closing Disclosure and any subsequent disclosures prior to the ICD.



Initial CD and proof of delivery - xx/xx/xxxx

 Received ICD - xx/xx/xxxx

Initial CD and proof of delivery - xx/xx/xxxx

 2026-05-20 14:00 Resolved 4 1 4 1
4000126638 xx/xx/xxxx xxxxx xxxxx VA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-18 18:16 Cleared 1 1 1 1
4000126638 xx/xx/xxxx xxxxx xxxxx VA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-18 18:16 Cleared 1 1 1 1
4000126638 xx/xx/xxxx xxxxx xxxxx VA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-18 18:15 Cleared 1 1 1 1
4000126645 xx/xx/xxxx xxxxx xxxxx DE Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-03 17:22 Cleared 1 1 1 1
4000126645 xx/xx/xxxx xxxxx xxxxx DE Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-06-03 17:22 Cleared 1 1 1 1
4000126645 xx/xx/xxxx xxxxx xxxxx DE Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-03 17:22 Cleared 1 1 1 1
4000126669 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-28 20:58 Cleared 1 1 1 1
4000126669 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-28 20:57 Cleared 1 1 1 1
4000126669 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-28 20:58 Cleared 1 1 1 1
4000126726 xx/xx/xxxx xxxxx xxxxx IL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-06 16:10 Cleared 1 1 1 1
4000126726 xx/xx/xxxx xxxxx xxxxx IL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-06 16:11 Cleared 1 1 1 1
4000126726 xx/xx/xxxx xxxxx xxxxx IL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-06 16:10 Cleared 1 1 1 1
4000126776 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance Missing Toolkit Disclosure/Booklet Home Loan Toolkit is missing from file.

see attached - xx/xx/xxxx

 Received evidence the borrower was provided access to the Home Loan Toolkit - xx/xx/xxxx

see attached - xx/xx/xxxx

 2026-05-28 13:22 Resolved 2 1 3 1
4000126776 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-18 20:44 Cleared 1 1 3 1
4000126776 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit Program Parameters - Guidelines Conformity The subject loan does not conform to program guidelines. The Borrower needs to evidence sufficient equity in the vacated property (the former Primary Residence) defined by an LTV ratio of 75% or less. Equity can be evidenced by a residential appraisal no more than six (6) months old, an automated valuation tool run by xxxxxx and from a service acceptable to xxxxxx, or by comparing the unpaid principle balance against the original purchase price of the property. Please provide the corresponding documentation.  

see attached- home is free & clear - xx/xx/xxxx

 Evidence showing current primary is free and clear was provided.  Condition resolved. - xx/xx/xxxx

see attached- home is free & clear - xx/xx/xxxx

 2026-05-28 19:25 Resolved 3 1 3 1
4000126781 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-11 16:16 Cleared 1 1 1 1
4000126781 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-11 16:16 Cleared 1 1 1 1
4000126781 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-11 16:16 Cleared 1 1 1 1
4000126806 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 5 xx/xx/xxxx Credit Borrower 1 IRS Transcripts Missing Borrower 1 IRS Transcripts missing from the file. 4506-C W2 transcripts or 4506-C transcripts are needed (If 1040 transcripts are provided, W2 transcripts are not required).  In the case where taxes have been filed and the wage transcripts are not available from the IRS, the IRS response to the request must reflect “No Record Found” and be present in the loan file.  Must document that taxes have been filed via evidence of e-filing, tax refund, or proof of payment.  Evidence of any IRS filing extensions must also be present in the loan file. 



IRS Transcripts - xx/xx/xxxx

 4506 - xx/xx/xxxx

 xxxxxx Transcripts were provided, as well as evidence of no record for xxxxxx.  Condition resolved. - xx/xx/xxxx
Borrower 1 IRS Transcripts Provided - xx/xx/xxxx
IRS Transcripts - xx/xx/xxxx
Condition upheld.  A 3-year 4506 was already provided in the loan file.  The condition is for Tax Transcripts. - xx/xx/xxxx
4506 - xx/xx/xxxx
 2026-05-15 13:38 Resolved 3 1 3 1
4000126806 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 5 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report. Please provide a copy of the Fraud Report with all pages and each alert addressed/cleared (as applicable).



fraud - xx/xx/xxxx

 Fraud Report provided.  Condition resolved.   - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

fraud - xx/xx/xxxx

 2026-05-13 19:12 Resolved 3 1 3 1
4000126806 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-12 19:45 Cleared 1 1 3 1
4000126806 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 5 xx/xx/xxxx Credit Title Document Missing Title document is missing. Please provide a copy of the Catic Title Insurance Company Title Commitment including all pages and schedules. 



title commitment - xx/xx/xxxx

 Title provided.  Condition resolved. - xx/xx/xxxx

Title document is fully present - xx/xx/xxxx

title commitment - xx/xx/xxxx

 2026-05-13 19:08 Resolved 3 1 3 1
4000126806 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 5 of 5 xx/xx/xxxx Compliance New Jersey - Recording Service Fee (MLFOP)(First Lien) You charged a ($xxxxxx) Recording Service Fee. The xxxxxx Residential Mortgage Loans, Fees, Obligations Provisions limit the amount of the additional service fee for recording a cancellation of a mortgage to $xxxxxx. (N.J.A.C. 3:1-16.2(a)(9)) .

The Recording Service Fee of $xxxxxx is an alone fee, no other Recording Service Fee is charged - xx/xx/xxxx
 Recording service fee was not charged for a cancellation of a mortgage. This is a purchase.   - xx/xx/xxxx
The Recording Service Fee of $xxxxxx is an alone fee, no other Recording Service Fee is charged - xx/xx/xxxx
 2026-05-13 14:23 Resolved 3 1 3 1
4000126816 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 6 xx/xx/xxxx Credit Missing letter of explanation A Letter of Explanation (LOE) by the Borrower(s) is required to detail relevant real estate experience.  

Per email, LOE is only applicable to FTHB - xx/xx/xxxx

 

please review the lease provided - xx/xx/xxxx

 Per email, LOE is only applicable to FTHB - xx/xx/xxxx

Condition upheld.  Per Guidelines: A Letter of Explanation (LOE) by the Borrower / Guarantor is required to detail relevant real estate experience. - xx/xx/xxxx

please review the lease provided - xx/xx/xxxx

 2026-05-18 16:30 Resolved 3 1 4 1
4000126816 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 6 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-12 14:52 Cleared 1 1 4 1
4000126816 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 6 xx/xx/xxxx Credit Flood Certificate Missing Missing flood certificate. Please provide the flood certificate. 



see attached  - xx/xx/xxxx

 Flood Certificate is fully present - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-13 14:03 Resolved 4 1 4 1
4000126816 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 6 xx/xx/xxxx Credit Missing Lease Agreement Please provide a copy of the fully executed lease agreement for the Subject Property. 

see attached  - xx/xx/xxxx

 Lease Agreement provided.  Condition resolved. - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-13 14:25 Resolved 3 1 4 1
4000126816 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 6 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. The loan file is missing the Third-Party Valuation.



see attached  - xx/xx/xxxx

 CDA supporting value was provided.  Condition resolved. - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-13 14:25 Resolved 3 1 4 1
4000126816 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 6 xx/xx/xxxx Property Missing Appraisal The loan file does not contain the appraisal. Lender to provide full appraisal missing from the loan file.



see attached  - xx/xx/xxxx

 Full Appraisal and CU were provided.  Condition resolved. - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-13 14:24 Resolved 4 1 4 1
4000126894 xx/xx/xxxx xxxxx xxxxx NV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-13 15:28 Cleared 1 1 1 1
4000126894 xx/xx/xxxx xxxxx xxxxx NV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-13 15:28 Cleared 1 1 1 1
4000126894 xx/xx/xxxx xxxxx xxxxx NV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-13 15:28 Cleared 1 1 1 1
4000126947 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-12 15:48 Cleared 1 1 3 1
4000126947 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report.

Fraud report uploaded - xx/xx/xxxx

 Fraud Report provided.  Condition resolved. - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

Fraud report uploaded - xx/xx/xxxx

 2026-05-13 14:56 Resolved 3 1 3 1
4000126947 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. The CU score is unacceptable or not provided. File does not contain third-party valuation product to support appraisal value.  



CDA value $xxxxxx.  Appraisal value $xxxxxx. - xx/xx/xxxx
 CDA supporting value was provided.  Condition resolved. - xx/xx/xxxx
CDA value $xxxxxx.  Appraisal value $xxxxxx. - xx/xx/xxxx
 2026-05-13 14:41 Resolved 3 1 3 1
4000126970 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Corporation/LLC: EIN Doc is Missing The loan file does not contain the Coporation/LLC: EIN documentation. The EIN for xxxxxx is missing from the loan file. Per guidelines, Tax Identification Number is required.  EIN is required, document email is not exception to not provide EIN. Document is required per Guidelines. 


Exception Approved - xx/xx/xxxx

 Per lawyer LOE, EIN is not necessary for Article of Incorporation. - xx/xx/xxxx

 Exception in file for No EIN - xx/xx/xxxx

Approved Exception provided for a single member LLC w/no EIN.   - xx/xx/xxxx

Exception Approved - xx/xx/xxxx

Document Uploaded.  - xx/xx/xxxx

Document Uploaded. Condition upheld. Per attached Guidelines Tax Identification Number is required for Entity Vesting.  Provide EIN or Approved Exception from xxxxxx/xxxxxx. - xx/xx/xxxx

Per lawyer LOE, EIN is not necessary for Article of Incorporation. - xx/xx/xxxx

 DSCR purchase w/ 20% down payment, xxxxxx FICO, 1.0 DSCR Ratio, and 6 months reserves. 2026-05-28 15:57 Waived 3 2 3 2
4000126970 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-11 21:30 Cleared 1 1 3 2
4000126970 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-11 21:29 Cleared 1 1 3 2
4000126972 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-01 16:24 Cleared 1 1 1 1
4000126972 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-01 16:24 Cleared 1 1 1 1
4000126972 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-01 16:23 Cleared 1 1 1 1
4000126985 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-04 21:21 Cleared 1 1 1 1
4000126985 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-04 21:21 Cleared 1 1 1 1
4000126985 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-04 21:20 Cleared 1 1 1 1
4000127020 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-19 18:32 Cleared 1 1 3 1
4000127020 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-19 18:32 Cleared 1 1 3 1
4000127020 xx/xx/xxxx xxxxx xxxxx TX Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit Title Document is Partially Present Title document is incomplete or only partially present.  File is missing either a xxxxxx/Property Report or the xxxxxx, xxxxxx, Transaction Cert, or E&O Policy.  Please supply both required Title documents. Property Address not on Title Binder/Policy



Prelim - xx/xx/xxxx

 Title Commitment provided.  Condition resolved. - xx/xx/xxxx

Title document has been provided. - xx/xx/xxxx

Prelim - xx/xx/xxxx

 2026-05-21 16:56 Resolved 3 1 3 1
4000127038 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-26 20:27 Cleared 1 1 1 1
4000127038 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-26 18:32 Cleared 1 1 1 1
4000127038 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-26 20:27 Cleared 1 1 1 1
4000127053 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-27 14:41 Cleared 1 1 1 1
4000127053 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-27 14:41 Cleared 1 1 1 1
4000127053 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-27 14:40 Cleared 1 1 1 1
4000127118 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 5 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-13 15:45 Cleared 1 1 3 1
4000127118 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 5 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report. Please provide a copy of the Fraud Report including all pages and alert clearance (as applicable). 



Fraud - xx/xx/xxxx

 Cleared Fraud Report provided.  Condition resolved. - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

Fraud - xx/xx/xxxx

 2026-05-14 15:24 Resolved 3 1 3 1
4000127118 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-13 15:45 Cleared 1 1 3 1
4000127118 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 5 xx/xx/xxxx Credit Assets - Authorization Access for Joint Account The file does not contain authorization access for funds from joint account holder. A Relationship/Access Letter is needed from the non-borrowing joint account holder for the xxxxxx Checking Account# ending in xxxxxx, as the account was used for Reserves.
 

 Asset Letter - xx/xx/xxxx

 Relationship and Access Letter was provided.  Condition resolved. - xx/xx/xxxx

Asset Letter - xx/xx/xxxx

 2026-05-14 15:21 Resolved 3 1 3 1
4000127118 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 5 xx/xx/xxxx Credit Title Document Missing Title document is missing. Please provide a copy of the Title Commitment including all pages.  



title commitment - xx/xx/xxxx

 Title Commitment provided.  Condition resolved. - xx/xx/xxxx

Title document is fully present - xx/xx/xxxx

title commitment - xx/xx/xxxx

 2026-05-14 15:19 Resolved 3 1 3 1
4000127203 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-31 19:59 Cleared 1 1 3 1
4000127203 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-31 19:59 Cleared 1 1 3 1
4000127203 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Cash reserves less than required by guidelines Total Cash reserves of '$xxxxxx are less than $xxxxxx. The borrower must provide sufficient evidence of the cash value of life insurance funds used to cover the remaining reserves.

reserves - xx/xx/xxxx

 Cash Value of Life insurance was provided.  Condition resolved. - xx/xx/xxxx
Total Cash reserves are greater than $xxxxxx. - xx/xx/xxxx
reserves - xx/xx/xxxx
 2026-06-03 14:25 Resolved 3 1 3 1
4000127206 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 4 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report. The loan file is missing the Fraud report. 



fraud - xx/xx/xxxx

 Fraud Report provided.  Condition resolved. - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

fraud - xx/xx/xxxx

 2026-06-01 20:00 Resolved 3 1 4 1
4000127206 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-28 13:40 Cleared 1 1 4 1
4000127206 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 4 xx/xx/xxxx Credit Gift Letter - Donor Qualification The gift donor does not qualify under the terms of the applicable guidelines. Gift Letter in file for $xxxxxx from Borrower's Uncle does not match the Donor on the wire receipt to Title. Provide evidence and explanation of Donor. 
100K dep - xx/xx/xxxx

 Operating Agreement for the xxxxxx was provided.  Condition resolved. - xx/xx/xxxx
100K dep - xx/xx/xxxx
 2026-06-03 16:38 Resolved 3 1 4 1
4000127206 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 4 xx/xx/xxxx Compliance TRID: Missing Initial Closing Disclosure The loan file does not contain the initial Closing Disclosure.

initial CD - xx/xx/xxxx

 Received ICD - xx/xx/xxxx

Received ICD - xx/xx/xxxx

initial CD - xx/xx/xxxx

 2026-05-29 16:46 Resolved 4 1 4 1
4000127217 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 6 xx/xx/xxxx Credit ATR: Current Employment Not Verified ATR: Current employment not verified. The loan file is missing the Borrower's income and employment information. 



see attached  - xx/xx/xxxx

 ATR:  Current Employment Was Verified - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-19 15:36 Resolved 3 1 3 1
4000127217 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 6 xx/xx/xxxx Credit ATR: Reasonable Income or Assets Not Considered ATR: Reasonable income or assets not considered. The loan file is missing the Borrower's income and employment information. 



see attached  - xx/xx/xxxx

 ATR:  Reasonable Income or Assets Was Considered - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-19 15:34 Resolved 3 1 3 1
4000127217 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 6 xx/xx/xxxx Credit Borrower 1 3rd Party VOE Prior to Close Missing Borrower 1 3rd party VOE prior to close missing. The loan file is missing the VVOE. 





Borrower 1 3rd Party VOE prior to close was provided.  Condition resolved. - xx/xx/xxxx

 2026-05-19 15:40 Resolved 3 1 3 1
4000127217 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 6 xx/xx/xxxx Credit Borrower 1 YTD Profit & Loss Missing Borrower 1 YTD Profit & Loss missing. The loan file is missing the Profit and Loss for the borrower's business. 



see attached  - xx/xx/xxxx

 Borrower 1 YTD Profit & Loss Provided.  Condition resolved. - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-19 15:40 Resolved 3 1 3 1
4000127217 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 6 xx/xx/xxxx Credit Income and Employment Do Not Meet Guidelines Income and employment do not meet guidelines. The loan file is missing the Profit and Loss for the borrower's business; therefore, the income is zero. 



see attached  - xx/xx/xxxx

 P&L was provided.  Condition resolved. - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-19 15:37 Resolved 3 1 3 1
4000127217 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 6 of 6 xx/xx/xxxx Compliance Missing Tangible Net Benefit Disclosure Tangible Net Benefit Disclosure was not provided.

see attached  - xx/xx/xxxx

 Received disclosure - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-21 15:38 Resolved 3 1 3 1
4000127220 xx/xx/xxxx xxxxx xxxxx SC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-12 04:08 Cleared 1 1 1 1
4000127220 xx/xx/xxxx xxxxx xxxxx SC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-12 04:08 Cleared 1 1 1 1
4000127220 xx/xx/xxxx xxxxx xxxxx SC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-12 04:08 Cleared 1 1 1 1
4000127246 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Credit Cash reserves less than required by guidelines Total Cash reserves of '$xxxxxx' are less than $xxxxxx. 6 months reserves or $xxxxxx is required for reserves. Total funds provided $xxxxxx, less Cash to Close per the HUD of $xxxxxx leaves funds of $xxxxxx creating a shortfall of $xxxxxx for post closing reserves. 

Only three months of reserves required, please see attached.  - xx/xx/xxxx

 Blanket exception for xxxxxx  3+ months reserves for all loan sizes FTHB, are acceptable and DSCR >1.00 - xx/xx/xxxx
Credit enhancements blanket exception.  - xx/xx/xxxx
Investor blanket exception: 3 months reserves for all loan sizes FTHB, are acceptable and DSCR >1.00 - xx/xx/xxxx
Total Cash reserves are greater than $xxxxxx. - xx/xx/xxxx
Only three months of reserves required, please see attached.  - xx/xx/xxxx
 5+ months of reserves over minimum of 3 months, DSCR >1.00 at xxxxxx 2026-08-06 12:16 Waived 3 2 3 2
4000127246 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-27 16:51 Cleared 1 1 3 2
4000127246 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Compliance Final CD: Prepayment Penalty is missing or inaccurate The HUD shows a max Pre-Payment penalty of $xxxxxx. 3% of 80% of the OPB is $xxxxxx. A corrected HUD/CD is required. The data proof sheet has the PPP incorrect using 3%/2%/1% over 60 months of the UPB. 
Attached is the correct HUD to clear the last suspense. - xx/xx/xxxx

 

Document Uploaded.  - xx/xx/xxxx

 This is DSCR Loan. There is no prepayment on the HUD. I - xx/xx/xxxx

 Document Uploaded.  - xx/xx/xxxx
Final page of the HUD shows a PPP max of $xxxxxx which is inaccurate.  3% of 80% of loan amount is $xxxxxx.  Provide corrected HUD showing PPP - xx/xx/xxxx
This is DSCR Loan. There is no prepayment on the HUD. I - xx/xx/xxxx
 2026-06-02 21:39 Resolved 3 1 3 2
4000127246 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Credit Purchase Contract - Addendum Missing The Purchase Contract Addendum is missing.  Missing the sales contract addendum/amendment taking the closing date from xxxxxx to xxxxxx  and confirming all the same terms apply.

This is not required. This is not in the Guideline  - xx/xx/xxxx

 The seller signed the HUD, all transfer paperwork and the terms match last addendum to the contract. This is seller acceptance of the extended closing date.  - xx/xx/xxxx
Condition upheld.  The loan file contains previous contract extensions.  Provide the sales contract addendum/amendment taking the closing date from xxxxxx to xxxxxx and confirming all the same terms apply. - xx/xx/xxxx
This is not required. This is not in the Guideline  - xx/xx/xxxx
 2026-06-02 14:46 Resolved 3 1 3 2
4000127262 xx/xx/xxxx xxxxx xxxxx IN Primary Residence Purchase QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxx 2 of 3 xx/xx/xxxx Compliance The Final Closing Disclosure contains errors Final CD issued xxxxxx reflecting gift funds received by wire totaling $xxxxxx is not executed.
CD dated xxxxxx was generated after funding/closing. This is not required to be signed by the borrowers, just to reflect final closing funds.  - please waive - xx/xx/xxxx
 Cd not required to be executed - xx/xx/xxxx
CD dated xxxxxx was generated after funding/closing. This is not required to be signed by the borrowers, just to reflect final closing funds.  - please waive - xx/xx/xxxx
 2026-05-13 14:26 Resolved 3 1 3 1
4000127262 xx/xx/xxxx xxxxx xxxxx IN Primary Residence Purchase QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-12 18:09 Cleared 1 1 3 1
4000127262 xx/xx/xxxx xxxxx xxxxx IN Primary Residence Purchase QM: Higher Priced APOR (APOR HP) QM: Higher Priced APOR (APOR HP) xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-12 18:08 Cleared 1 1 3 1
4000127283 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-14 15:25 Cleared 1 1 1 1
4000127283 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-14 15:25 Cleared 1 1 1 1
4000127283 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-14 15:24 Cleared 1 1 1 1
4000127298 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 5 xx/xx/xxxx Credit Borrower 1 Credit Report is Missing Borrower 1 credit report is missing. Please provide the full credit report for B1.



credit report  - xx/xx/xxxx

 CR provided.  Resolved - xx/xx/xxxx

Borrower 1 Credit Report is not missing. - xx/xx/xxxx

credit report  - xx/xx/xxxx

 2026-07-01 13:13 Resolved 4 1 4 1
4000127298 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 5 xx/xx/xxxx Credit Borrower 2 Credit Report is Missing Borrower 2 credit report is missing. Please provide the full credit report for B2.



credit report

 - xx/xx/xxxx

 CR provided.  Resolved - xx/xx/xxxx

Borrower 2 Credit Report is not missing. - xx/xx/xxxx

credit report

 - xx/xx/xxxx

 2026-07-01 13:13 Resolved 4 1 4 1
4000127298 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 5 xx/xx/xxxx Credit Fraud Report Shows Uncleared Alerts Fraud Report shows uncleared alerts. There are several uncleared alerts on page 2 of the xxxxxx xxxxxx Report dated xx/xx/xxxx. Please clear the corresponding alerts and provide an updated report showing clearance.

 

 CLEARED FRAUD REPORT  - xx/xx/xxxx

 Cleared Fraud Alert was provided.  Condition resolved. - xx/xx/xxxx

All Fraud Report Alerts have been cleared or None Exist - xx/xx/xxxx

CLEARED FRAUD REPORT  - xx/xx/xxxx

 2026-05-12 15:03 Resolved 3 1 4 1
4000127298 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 5 xx/xx/xxxx Compliance Missing evidence of rate lock Missing evidence of Rate Lock. Missing Lock Confirmation between xxxxxx and xxxxxx xxxxxx.
 
 LOCK CONFIRMATION  - xx/xx/xxxx

 xxxxxx Lock was provided.  Condition resolved. - xx/xx/xxxx

LOCK CONFIRMATION  - xx/xx/xxxx

 2026-05-12 15:00 Resolved 3 1 4 1
4000127298 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-11 15:48 Cleared 1 1 4 1
4000127302 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit Borrower 1 3rd Party VOE Prior to Close Missing Borrower 1 3rd party VOE prior to close missing. Verification of business existence and that the business is fully operational/active is required within ten (10) calendar days of closing. This documentation, along with the internet search, is missing from the loan file. 



VOE - xx/xx/xxxx

 A Processor's Cert (VVOE) was provided to verify the Borrower's Self-Employment.  Condition resolved. - xx/xx/xxxx

Borrower 1 3rd Party VOE prior to close was provided. - xx/xx/xxxx

VOE - xx/xx/xxxx

 2026-05-06 18:59 Resolved 3 1 3 1
4000127302 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance Missing Attorney Preference Letter Right To Choose Attorney or Attorney Preference not in file. The "What Mortgage Applicants Need to Know" pamphlet which includes Borrower's Choice of Attorney is missing from the file.



attached - xx/xx/xxxx
 This is not applicable in xxxxxx - xx/xx/xxxx
 Right To Choose Attorney or Attorney Preference Resolved or Not Applicable - xx/xx/xxxx
Received pamphlet - xx/xx/xxxx
attached - xx/xx/xxxx
Please provide the required he "What Mortgage Applicants Need to Know" pamphlet which includes Borrower'sright to choose attorney - xx/xx/xxxx
This is not applicable in xxxxxx - xx/xx/xxxx
 2026-05-04 14:31 Resolved 3 1 3 1
4000127302 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. The Collateral Underwriter Risk Score is 2.7, which is outside the guideline requirement of 2.5 or less. Please provide a valid 3rd party valuation review product TPV is missing, VOE uploaded to condition in error. File still requires third party valuation. 





CDA was in file/ provided with the file upload - xx/xx/xxxx

 VOE - xx/xx/xxxx

 CDA supporting value was provided.  Condition resolved. - xx/xx/xxxx

CDA was in file/ provided with the file upload - xx/xx/xxxx

Condition upheld. There was only a VVOE (Processor's Cert) uploaded.  Loan file is missing a valid 3rd party valuation supporting value. - xx/xx/xxxx

VOE - xx/xx/xxxx

 2026-05-12 19:17 Resolved 3 1 3 1
4000127305 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-21 01:23 Cleared 1 1 1 1
4000127305 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-21 01:23 Cleared 1 1 1 1
4000127305 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-21 01:23 Cleared 1 1 1 1
4000127367 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-18 17:45 Cleared 1 1 3 1
4000127367 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-18 17:45 Cleared 1 1 3 1
4000127367 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Condo - Documentation The loan file did not contain required condo documentation (ie. Master HOI, Condo Questionnaire, Condo Budget, Project Review). The condo questionnaire and the Condo Project Warranty Certification in the loan file are blank. Please provide the completed copies.



CQ and approval - xx/xx/xxxx

 HOA Questionnaire and print-out of xxxxxx Condo Lender Certification were provided.  Condition resolved. - xx/xx/xxxx
CQ and approval - xx/xx/xxxx
 2026-05-19 18:03 Resolved 3 1 3 1
4000127402 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-02 21:32 Cleared 1 1 1 1
4000127402 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-06-02 21:32 Cleared 1 1 1 1
4000127402 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-02 21:32 Cleared 1 1 1 1
4000127404 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-15 17:44 Cleared 1 1 4 1
4000127404 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 4 xx/xx/xxxx Compliance Federal - Closing Disclosure and Consummation Date The Initial Closing Disclosure Received Date of (xxxxxx) is not three business days before the consummation date of (xxxxxx). Three business days before the consummation date is (xxxxxx). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) The initial Closing Disclosure dated xx/xx/xxxx is signed as being received by the borrowers on xx/xx/xxxx which is less than 3 days prior to closing. 

Initial CD signed and Disclosed on xxxxxx - xx/xx/xxxx
 Received ICD - xx/xx/xxxx
Resolved - xx/xx/xxxx
Initial CD signed and Disclosed on xxxxxx - xx/xx/xxxx
 2026-05-18 16:21 Resolved 3 1 4 1
4000127404 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 4 xx/xx/xxxx Compliance TRID: Missing Initial Closing Disclosure The loan file does not contain the initial Closing Disclosure.

Initial CD signed and Disclosed on xxxxxx - xx/xx/xxxx
 Received ICD - xx/xx/xxxx
Initial CD signed and Disclosed on xxxxxx - xx/xx/xxxx
 2026-05-18 16:20 Resolved 4 1 4 1
4000127404 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-15 17:44 Cleared 1 1 4 1
4000127415 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
 

2026-05-11 20:53 Cleared 1 1 3 1
4000127415 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Property Title Issue Property title issue. The title in the loan file reflects an xxxxxx for $1xxxxxx dated xx/xx/xxxx. The loan file does contain a snip of a Settlement which reflects an Escrow for $xxxxxx. However, the snip doenst contain a name or if this was an actual closing. Need proof of Payment/Satisfaction of lien. 

Evidence funds deposited to escrow for payoff of xxxxxx provided.  - xx/xx/xxxx
 -Check for $xxxxxx to the xxxxxx dated xx/xx/xxxx is attached.
-Original closing HUD where the amount due was escrowed at the time of closing attached (xxxxxxxx).
-Marked-up title commitment from the subject loan showing the federal tax lien will not appear on the final title policy is also attached. - xx/xx/xxxx
 Property Title Issue Resolved - xx/xx/xxxx
Evidence funds deposited to escrow for payoff ofxxxxxx provided.  - xx/xx/xxxx
-Check for $xxxxxx to the IRS dated xx/xx/xxxx is attached.
-Original closing HUD where the amount due was escrowed at the time of closing attached (xxxxxxx).
-Marked-up title commitment from the subject loan showing the federal tax lien will not appear on the final title policy is also attached. - xx/xx/xxxx
 2026-05-11 21:40 Resolved 3 1 3 1
4000127415 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 

2026-05-11 20:54 Cleared 1 1 3 1
4000127445 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-15 18:31 Cleared 1 1 3 1
4000127445 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Credit Hazard Insurance Policy is Missing Missing hazard insurance policy. Please provide third-party insurer documentation evidencing property insurance coverage, including rent loss coverage, for the subject property.



see attached  - xx/xx/xxxx

 HOI Policy and RCE were provided.  Condition resolved. - xx/xx/xxxx

Hazard Insurance Policy was provided. - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-19 14:50 Resolved 3 1 3 1
4000127445 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-15 18:32 Cleared 1 1 3 1
4000127445 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Credit Title Document Missing Title document is missing. Please provide a copy of the Title Commitment including all pages and schedules, for the Subject Property. 



see attached  - xx/xx/xxxx

 Complete Title Commitment provided.  Condition resolved. - xx/xx/xxxx

Title document is fully present - xx/xx/xxxx

see attached  - xx/xx/xxxx

 2026-05-19 14:29 Resolved 3 1 3 1
4000127447 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance Missing evidence of rate lock Missing evidence of Rate Lock. Lender to provide most recent xxxxxx lock confirmation with xxxxxx, missing from the loan file

rate lock - xx/xx/xxxx

 n/a - xx/xx/xxxx

 xxxxxx Lock Confirmation provided.  Condition resolved. - xx/xx/xxxx

rate lock - xx/xx/xxxx

Condition upheld. This is not a TRID condition.  Provide the Lock Confirmation between xxxxxx and xxxxxx. - xx/xx/xxxx

n/a - xx/xx/xxxx

 2026-05-12 19:08 Resolved 3 1 3 1
4000127447 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-08 16:46 Cleared 1 1 3 1
4000127447 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-08 16:46 Cleared 1 1 3 1
4000127450 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-07 21:42 Cleared 1 1 3 1
4000127450 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-07 21:42 Cleared 1 1 3 1
4000127450 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Trust/POA Does Not Meet Guideline Requirements Trust/POA does not meet guideline requirements. Lender to provide fully executed Trust documentation and Certification



Trust Certificate  - xx/xx/xxxx

 Executed Certification of Trust provided.  Condition resolved. - xx/xx/xxxx

Trust/POA Meets Guideline Requirements - xx/xx/xxxx

Trust Certificate  - xx/xx/xxxx

 2026-05-11 18:40 Resolved 3 1 3 1
4000127500 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-21 14:48 Cleared 1 1 1 1
4000127500 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-21 14:48 Cleared 1 1 1 1
4000127500 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-21 14:48 Cleared 1 1 1 1
4000127518 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-22 14:35 Cleared 1 1 3 1
4000127518 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Credit Income - LOE Missing The loan file did not contain a letter of explanation as required. Per the business documents the borrower's child care business is run out of the home. The departing residence is far superior in size and accommodations to support the business being run out of that home. The subject is inferior in size and dimensions to continue. Missing an LOE regarding the location of the business to support the continued income. 



LOE - xx/xx/xxxx

 LOE from Borrower was provided.  12 months history was provided showing the Borrowers LLC has been paying the rental payment at the Borrower previous residence and will continue to do so.  Condition resolved. - xx/xx/xxxx

LOE - xx/xx/xxxx

 2026-05-27 19:59 Resolved 3 1 3 1
4000127518 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-22 14:35 Cleared 1 1 3 1
4000127532 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-12 17:51 Cleared 1 1 4 1
4000127532 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-12 17:51 Cleared 1 1 4 1
4000127532 xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Other Credit Finding There is documentation in file for a special assessment, but documentation of the monthly payment for the homeowners is missing from the loan file. Please provide the xxxxxx payment schedule
this is in the file.  Payment schedule for this unit #xxxxxx is $xxxxxx. - xx/xx/xxxx
 Evidence of Special Assessment was provided.  Condition resolved. - xx/xx/xxxx
this is in the file.  Payment schedule for this unit #xxxxxx is $xxxxxx. - xx/xx/xxxx
 2026-05-19 15:42 Resolved 4 1 4 1
4000127533 xx/xx/xxxx xxxxx xxxxx MA Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 5 of 5 xx/xx/xxxx Credit Asset 4 Less Than 2 Months Verified Asset has less than 2 months verified in file. Gift Funds



Borrower has over 1M in assets. Please review again. - xx/xx/xxxx

 Condition set in error.   - xx/xx/xxxx
Asset 4 Verified Sufficiently Or Not Applicable - xx/xx/xxxx
Borrower has over xxxxxx in assets. Please review again. - xx/xx/xxxx
 2026-05-13 20:00 Resolved 3 1 3 1
4000127533 xx/xx/xxxx xxxxx xxxxx MA Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 5 xx/xx/xxxx Credit Audited DTI Exceeds Guideline DTI Audited DTI exceeds guideline DTI. Audited DTI of 50.01%DTI, the loan was approved at 43.09% DTI 



All of the liabilities are on the final 1003 in section 2 or 3.  So section 3 shows the 3 mortgages. Please review again. - xx/xx/xxxx

 Please provide calculation how the TPR came up with the DTI of 50% - xx/xx/xxxx

 Audited DTI of 49.98% is less than or equal to Guideline DTI of 50% - xx/xx/xxxx

The 1003 provided was already in the loan file.  DTI issue still stands. - xx/xx/xxxx

All of the liabilities are on the final 1003 in section 2 or 3.  So section 3 shows the 3 mortgages. Please review again. - xx/xx/xxxx

Debt payments on Final 1003 are lower than actual credit report payments.  This caused the DTI issue. - xx/xx/xxxx

Please provide calculation how the TPR came up with the DTI of 50% - xx/xx/xxxx

 2026-05-26 12:39 Resolved 3 1 3 1
4000127533 xx/xx/xxxx xxxxx xxxxx MA Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-12 21:07 Cleared 1 1 3 1
4000127533 xx/xx/xxxx xxxxx xxxxx MA Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 5 xx/xx/xxxx Compliance Lender Credits That Cannot Decrease Test (50001262) The baseline amount of non-specific (lump sum) lender credits and specific lender credits disclosed is ($xxxxxx). The Last CD shows a total lender credit amount of ($xxxxxx). The following fees "lender credits" have decreased below their baseline amounts (General Lender Credit). Non-specific lender credits are generalized payments that do not pay for a particular fee. Specific lender credits are specific payments to pay for a specific fee. The total amount of non-specific and specific lender credits cannot decrease unless a new disclosure is provided and there is a valid changed circumstance associated with the re-disclosure, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3)(i) and comments 19(e)(3)(i)-5 and -6; 12 CFR 1026.19(f)(2)(v); 12 CFR 1026.37(g)(6); 12 CFR 1026.38(h)). there is no changed circumstance for the removal of the lender credit 

COC - xx/xx/xxxx

 Received CIC and CD for the addition of discount points and reduction in lender credit - xx/xx/xxxx

Resolved - xx/xx/xxxx

COC - xx/xx/xxxx

 2026-05-14 17:26 Resolved 3 1 3 1
4000127533 xx/xx/xxxx xxxxx xxxxx MA Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 5 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. Lender to provide proof of sale of xxxxxx, excluded from total monthly liabilities. Subject to additional review once documentation received due to potential DTI issues. 

Lender to provide proof of obligation for xxxxxx

Lender to provide proof of PITIA for xxxxxx 

Final CD on the sold property and REO docs for the other 2. - xx/xx/xxxx

 CD from sale and LOE were provided.  Condition resolved. - xx/xx/xxxx

Final CD on the sold property and REO docs for the other 2. - xx/xx/xxxx

 2026-05-13 19:57 Resolved 3 1 3 1
4000127538 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-14 19:26 Cleared 1 1 3 1
4000127538 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-14 19:25 Cleared 1 1 3 1
4000127538 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Title Coverage is Less than Subject Lien(s) Total Title coverage is less than total amount of subject lien(s). Missing supplemental to Preliminary Title Insurance reflecting lender proposed insured amount along with Lender ISAOA



FTP - xx/xx/xxxx

 Please waive for Final Title Policy in Post Purchase - Title advise it will take a bit since it just closed. - xx/xx/xxxx

 Final Title Policy provided.  Condition resolved. - xx/xx/xxxx
Title coverage amount of $xxxxxx is equal to or greater than total amount of subject lien(s) $xxxxxx+0+0 - xx/xx/xxxx
FTP - xx/xx/xxxx
Final Title Policy not required, Please provide updated Commitment/Prelim with coverage equal to loan amount with lender ISAOA. - xx/xx/xxxx
Please waive for Final Title Policy in Post Purchase - Title advise it will take a bit since it just closed. - xx/xx/xxxx
 2026-05-20 18:57 Resolved 3 1 3 1
4000127608 xx/xx/xxxx xxxxx xxxxx NJ Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-04 20:32 Cleared 1 1 1 1
4000127608 xx/xx/xxxx xxxxx xxxxx NJ Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-04 20:32 Cleared 1 1 1 1
4000127608 xx/xx/xxxx xxxxx xxxxx NJ Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-04 20:32 Cleared 1 1 1 1
4000127611 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-21 21:43 Cleared 1 1 3 1
4000127611 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit Approval/Underwriting Summary Not Provided The loan did not contain the Approval/Underwriting Summary. The loan file is missing the 1008/ Approval. 



1008 - xx/xx/xxxx

 1008 provided.  Condition resolved. - xx/xx/xxxx

Approval/Underwriting Summary is fully present - xx/xx/xxxx

1008 - xx/xx/xxxx

 2026-05-26 15:42 Resolved 3 1 3 1
4000127611 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-21 21:45 Cleared 1 1 3 1
4000127641 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance Federal - Loan Estimate Received At Least Four Business Days Before Consummation A revised Loan Estimate was provided on (xxxxxx) via (xxxxxxxx). Under Regulation Z, a consumer must receive a revised Loan Estimate not later than four business days prior to consummation date of  (xxxxxx). Since the revised Loan Estimate was not provided in person, a consumer is considered to have received it on (xxxxxx), which is three business days after it was delivered or placed in the mail. As a result, the revised Loan Estimate is not deemed to have been received at least four business days before consummation, which is (xxxxxx). (12 CFR 1026.19(e)(4)(ii))  

Loan Estimate - xx/xx/xxxx

 Received executed LE - xx/xx/xxxx

 - xx/xx/xxxx

Loan Estimate - xx/xx/xxxx

 2026-05-21 15:05 Resolved 3 1 3 1
4000127641 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-14 19:15 Cleared 1 1 3 1
4000127641 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-14 19:15 Cleared 1 1 3 1
4000127739 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 5 xx/xx/xxxx Compliance The Deed of Trust is Incomplete The Deed of Trust is incomplete. Per lender guidelines section 4.6, a Non-Occupant Co-Borrower must sign on the mortgage/deed of trust. 



exception - xx/xx/xxxx
xxxxxx NOT IN TITLE.  NOT REQUIRED TO EXECUTE THE MORTGAGE - xx/xx/xxxx
 Approved Exception provided for: Non-Occupant Co-Borrower not signing the DOT/Mortgage. - xx/xx/xxxx
exception - xx/xx/xxxx
Guidelines Version 8.8, section 4.6 - Non-Occupant Co borrowers must sign the mortgage / deed of trust.  - xx/xx/xxxx
xxxxxx NOT IN TITLE.  NOT REQUIRED TO EXECUTE THE MORTGAGE - xx/xx/xxxx
 Low DTI 9.14%, Strong FICO xxxxxx, and 16 months reserves. 2026-05-20 19:55 Waived 4 2 4 2
4000127739 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 5 xx/xx/xxxx Credit Purchase Contract - Parties All parties were not properly identified on the Purchase Contract. The Occupant Borrower xxxxxx (B1) is not listed on the purchase contract.  However, the Non-Occupant Co-Borrower xxxxxx (B2) is shown as the sole buyer on the Purchase Contract. 

 

 COS addendum - xx/xx/xxxx

 ATTPRNEY REVIEW LETTER - xx/xx/xxxx

 Contract Addendum stating the following was provided and signed by all parties.  Condition resolved.
1) The contract is assigned and the buyer is amended to xxxxxx.
2) No other terms of the Contract have changed.
3)This addendum may be executed in any number of counterparts and each counterpart shall be deemed an original. Photocopies and PDFs of original signature documents shall be deemed originals. - xx/xx/xxxx

COS addendum - xx/xx/xxxx

Condition upheld. An attorney review letter was provided.  First, the Attorney Review Letter is not executed by the Sellers. The "Agreed to on behalf of Seller" is blank.  Second, the Attorney Review Letter states "Please return the signed, approved addendum to me as soon as possible." provide this stated Addendum.  Third, the reference to  "his brother (and his brother's spouse" need to be specific and state their names.  Borrower could potentially have multiple brothers.  Who are we speaking of? - xx/xx/xxxx

ATTPRNEY REVIEW LETTER - xx/xx/xxxx

 2026-05-19 20:42 Resolved 3 1 4 2
4000127739 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-07 21:51 Cleared 1 1 4 2
4000127739 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 5 xx/xx/xxxx Credit Missing letter of explanation The current rent-free letter is completed and signed by the Co-Borrower xxxxxx (B2).  Please provide a copy of the rent‑free letter that is completed and signed by the non‑borrower party that B2 resides with.
 

 LOX - xx/xx/xxxx

 Condition set in error.  Per xxxxxx Guidelines, LOE or rent-free letter is required when a twelve (12) month housing history is not applicable. If the borrower is
a FTHB, rent-free is permitted subject to the restrictions in Section 4.5 when applicable.  Condition resolved. - xx/xx/xxxx

LOX - xx/xx/xxxx

 2026-05-13 13:20 Resolved 3 1 4 2
4000127739 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 5 xx/xx/xxxx Credit Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The loan file contains a VOR; however, it's for a private landlord; Therefore, 12 months cancelled checks are also required. 



VOR - xx/xx/xxxx

 Condition set in error.  Per xxxxxx Guidelines, Private Party VORs/VOMs will require either 6 months of payments to support or a minimum 700 FICO. Not
acceptable if the creditor is a party to the transaction. Borrower has a xxxxxx FICO.  Condition resolved. - xx/xx/xxxx
Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - xx/xx/xxxx
VOR - xx/xx/xxxx
 2026-05-20 18:17 Resolved 3 1 4 2
4000127745 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 5 xx/xx/xxxx Credit Flood Certificate Missing Missing flood certificate. Please provide the flood cert for the subject property



flood cert - xx/xx/xxxx

 Flood Cert showing no Flood Zone was provided.  Condition resolved. - xx/xx/xxxx

Flood Certificate is fully present - xx/xx/xxxx

flood cert - xx/xx/xxxx

 2026-05-15 13:46 Resolved 4 1 4 1
4000127745 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU a with risk score = / < 2.5 which meets the lender's guidelines.





2026-05-13 20:57 Cleared 1 1 4 1
4000127745 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 5 xx/xx/xxxx Credit Eligibility - Occupancy The intent and/or status of the borrower's occupancy is not supported in the file. The loan file reflected occupancy and address issues which were not sufficiently addressed. The subject transaction is for a primary purchase, but the final 1003 indicates the borrower does not intend to occupy the property as a principal residence. 



updated URLA - xx/xx/xxxx

 Borrower is a Co-Signor on another property and this is his primary.  Condition resolved. - xx/xx/xxxx

updated URLA - xx/xx/xxxx

 2026-05-20 19:58 Resolved 3 1 4 1
4000127745 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 5 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-13 20:57 Cleared 1 1 4 1
4000127745 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 5 xx/xx/xxxx Credit Cash reserves less than required by guidelines Total Cash reserves of '$xxxxxx' are less than $xxxxxx. The loan was approved using $xxxxxx in assets. The most recent statement shows a balance of $xxxxxx. Per guidelines, Borrower(s) will be required to meet the subject property reserve requirement of 6 months plus two months of reserves for each additional financed property, for a total of 8 months or $xxxxxx. The required cash to close is $xxxxxx for a total of $xxxxxx, leaving the borrower short $xxxxxx.

additional assets - xx/xx/xxxx

 Additional assets were provided.  Condition resolved. - xx/xx/xxxx
Total Cash reserves are greater than $xxxxxx. - xx/xx/xxxx
additional assets - xx/xx/xxxx
 2026-05-20 20:03 Resolved 3 1 4 1
4000127832 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-08 18:31 Cleared 1 1 1 1
4000127832 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-08 18:30 Cleared 1 1 1 1
4000127832 xx/xx/xxxx xxxxx xxxxx CA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-08 18:30 Cleared 1 1 1 1
4000127842 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-07 19:27 Cleared 1 1 3 1
4000127842 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Hazard Insurance Policy is Missing Missing hazard insurance policy. Please provide the corresponding Hazard Insurance documentation (including rent loss coverage) for the Subject Property. 



Insurance - xx/xx/xxxx

 HOI Policy was provided.  Condition resolved. - xx/xx/xxxx

Hazard Insurance Policy was provided. - xx/xx/xxxx

Insurance - xx/xx/xxxx

 2026-05-11 18:29 Resolved 3 1 3 1
4000127842 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-07 19:28 Cleared 1 1 3 1
4000127958 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-22 16:12 Cleared 1 1 1 1
4000127958 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-22 16:13 Cleared 1 1 1 1
4000127958 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-22 16:12 Cleared 1 1 1 1
4000127986 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-12 17:48 Cleared 1 1 2 1
4000127986 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-12 17:48 Cleared 1 1 2 1
4000127986 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Purchase Contract - Addendum Missing The Purchase Contract Addendum is missing. Missing the sales contract addendum correcting the buyer to reflect - xxxxxx.

memo - xx/xx/xxxx

 Borrower signed the Note as an Individual and as a Member of the LLC.  No need for an Addendum.  Condition resolved. - xx/xx/xxxx

memo - xx/xx/xxxx

 2026-05-14 13:44 Resolved 2 1 2 1
4000128022 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-22 13:31 Cleared 1 1 1 1
4000128022 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-22 13:28 Cleared 1 1 1 1
4000128022 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-22 13:27 Cleared 1 1 1 1
4000128115 xx/xx/xxxx xxxxx xxxxx GA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance Missing Attorney Preference Letter Right To Choose Attorney or Attorney Preference not in file.

RIGHT TO SELECT An ATTORNEY  - xx/xx/xxxx

 Right To Choose Attorney or Attorney Preference Resolved or Not Applicable - xx/xx/xxxx

Received disclosure - xx/xx/xxxx

RIGHT TO SELECT An ATTORNEY  - xx/xx/xxxx

 2026-05-29 15:59 Resolved 3 1 3 1
4000128115 xx/xx/xxxx xxxxx xxxxx GA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-20 22:10 Cleared 1 1 3 1
4000128115 xx/xx/xxxx xxxxx xxxxx GA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-20 22:11 Cleared 1 1 3 1
4000128121 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-12 17:38 Cleared 1 1 3 1
4000128121 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit Income - Rental Property Rental income is not properly documented and/or supported. Unable to locate requirements to use higher monthly rent used by lender. Missing 3 mos proof rent receipt.
Per guidelines:
Gross Income will be calculated using the lower of the A) executed lease agreement or B) market rent from applicable Appraisal
 If executed lease agreement reflects a higher monthly rent than Appraisal, it may be used in the calculation with sufficient evidence of receipt. Three (3) most recent, consecutive months should be provided



Please see attached underwriter summary/final 1008 confirming that the lower market rents amount from the appraisal was utilized in calculating the DSCR, of $xxxxxx. - xx/xx/xxxx
 UW Summary was provided showing the lesser market rent of $xxxxxx was used.  Condition resolved. - xx/xx/xxxx
Please see attached underwriter summary/final 1008 confirming that the lower market rents amount from the appraisal was utilized in calculating the DSCR, of $xxxxxx. - xx/xx/xxxx
 2026-05-20 18:28 Resolved 3 1 3 1
4000128121 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-12 17:39 Cleared 1 1 3 1
4000128121 xx/xx/xxxx xxxxx xxxxx MD Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-12 17:39 Cleared 1 1 3 1
4000128131 xx/xx/xxxx xxxxx xxxxx AL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-11 20:37 Cleared 1 1 3 1
4000128131 xx/xx/xxxx xxxxx xxxxx AL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Housing History Does Not Meet Guideline Requirements Housing history does not meet guideline requirements. The Verification of Rent shows a rental start date of xx/xx/xxxx and therefore does not demonstrate a full 12‑month housing history. While a borrower letter of explanation dated xx/xx/xxxx was submitted, third‑party prepared documentation (e.g., updated VOR or rent‑free letter) is required to document the additional nine months needed to meet the 12‑month housing history requirement.
 



Attached is a further breakdown of the housing history over the last 12 months and payment history. Borrower moved from multiple heavy concessioned rental properties within the last year - xx/xx/xxxx

 LOE from Borrower, breakdown of rentals, and evidence of payments were provided. Condition resolved. - xx/xx/xxxx

Housing history meets guideline requirements. - xx/xx/xxxx

Attached is a further breakdown of the housing history over the last 12 months and payment history. Borrower moved from multiple heavy concessioned rental properties within the last year - xx/xx/xxxx

 2026-05-14 14:25 Resolved 3 1 3 1
4000128131 xx/xx/xxxx xxxxx xxxxx AL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-11 20:36 Cleared 1 1 3 1
4000128140 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance Missing Doc - Affiliated Business Disclosure/Missing Required Affiliated Business Disclosure missing Privacy Notice Disclosure list an Affiliate. 



This is not a business loan so Affiliated Business Disclosure is not required on this loan. This is primary resident.   - xx/xx/xxxx

 Privacy Notice does not disclose any mortgage related affiliates.  - xx/xx/xxxx

This is not a business loan so Affiliated Business Disclosure is not required on this loan. This is primary resident.   - xx/xx/xxxx

 2026-05-14 17:19 Resolved 3 1 3 1
4000128140 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-12 19:55 Cleared 1 1 3 1
4000128140 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. The loan file is missing the Taxes and Insurance for xxxxxx

 xxxxxx. There is no taxes and insurance on a Coop. Please see statement attached .  - xx/xx/xxxx
 The property located at xxxxxx.  No Taxes, HOA, or HOI.  Condition resolved. - xx/xx/xxxx
xxxxxx. There is no taxes and insurance on a Coop. Please see statement attached .  - xx/xx/xxxx
 2026-05-14 16:22 Resolved 3 1 3 1
4000128148 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-26 20:56 Cleared 1 1 1 1
4000128148 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU and LCA with risk scores = or < 2.5 which meets the lender's guidelines.





2026-05-26 20:57 Cleared 1 1 1 1
4000128148 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-26 20:57 Cleared 1 1 1 1
4000128151 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
 - xx/xx/xxxx

 2026-05-29 13:35 Cleared 1 1 3 1
4000128151 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit Calculated DSCR does not meet the Minimum DSCR allowed File is missing 1007 rent schedule to calculate DSCR

1007 - xx/xx/xxxx

 1007 was provided.  DSCR is within guidelines.  Condition resolved. - xx/xx/xxxx

The Calculated DSCR is equal to or greater than the minimum required DSCR, or Not Applicable - xx/xx/xxxx

1007 - xx/xx/xxxx

 2026-06-02 13:51 Resolved 3 1 3 1
4000128151 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 - xx/xx/xxxx

 2026-05-29 13:34 Cleared 1 1 3 1
4000128151 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Credit Income - Comparable Rent Schedule Form 1007 Missing The loan file did not contain the comparable rent schedule form 1007 as required. The 1007 has been provided but it is blank. Please provide the completed 1007 in order to calculate the DSCR



appr - xx/xx/xxxx

 1007 was provided.  Condition resolved. - xx/xx/xxxx

appr - xx/xx/xxxx

 2026-06-02 13:50 Resolved 3 1 3 1
4000128195 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 5 xx/xx/xxxx Credit Audited LTV Exceeds Guideline LTV Audited LTV exceeds guideline LTV. The borrower's qualifying credit score is 695, which allows for a max LTV of 65% for cash-out on DSCR with ratio greater than 1.00. The loan was approved with an LTV of 75% as a rate/term refinance, but the borrower received $xxxxxx at closing, which is greater than 2%.

lox - xx/xx/xxxx

 Condition set in error.  Per xxxxxx Guidelines: Limited cash to the Borrower must not exceed the greater of $5,000 or 2% of the principal amount of the new mortgage to be considered a Rate / Term refinance.  Subject loan is a Limited Cash-Out.  Condition resolved. - xx/xx/xxxx

Audited LTV of 75% is less than or equal to Guideline LTV of 75% - xx/xx/xxxx

lox - xx/xx/xxxx

 2026-05-20 14:02 Resolved 3 1 3 1
4000128195 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 5 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-15 19:29 Cleared 1 1 3 1
4000128195 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 5 xx/xx/xxxx Credit Program Parameters - Borrower/Business Entity Ineligibility Due to the similarities of the lender being paid off's name, borrower experience letter from management company and current name of the business used for vesting please provide the business license's or other supporting information for for xxxxxx (supporting the investor experience letter), and lender - xxxxxx to confirm the lender and borrower have no relation supporting a full arm's length transaction.
LOX - xx/xx/xxxx

 Condition set in error.  Per xxxxxx Guidelines, rm’s length transactions only pertain to the eligibility of Purchases only.  Condition resolved. - xx/xx/xxxx

LOX - xx/xx/xxxx

 2026-05-20 14:04 Resolved 3 1 3 1
4000128195 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-15 19:29 Cleared 1 1 3 1
4000128195 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 5 xx/xx/xxxx Credit Liabilities - Payoff Missing The required debt payoffs were missing from the loan file. Missing the mortgage payoff for the subject property



payoff ltr - xx/xx/xxxx

 Pay-off Letter provided.  Condition resolved. - xx/xx/xxxx

payoff ltr - xx/xx/xxxx

 2026-05-18 17:42 Resolved 3 1 3 1
4000128198 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit Program Parameters - Borrower/Business Entity Ineligibility Due to the similarities of the lender being paid off's name, borrower experience letter from management company and current name of the business used for vesting please provide the business license's or other supporting information for for xxxxxx (supporting the investor experience letter), and lender - xxxxxx to confirm the lender and borrower have no relation supporting a full arm's length transaction.
LOX - xx/xx/xxxx

 Condition set in error.  Per xxxxxx Guidelines, arm’s length transactions only pertain to the eligibility of Purchases. Subject loan is a rate/term refinance.  Condition resolved. - xx/xx/xxxx

LOX - xx/xx/xxxx

 2026-05-20 16:11 Resolved 3 1 3 1
4000128198 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-15 18:50 Cleared 1 1 3 1
4000128198 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Compliance Post Consummation CD Required The final CD shows a payoff of $xxxxxx, but the company to which the payoff was sent is missing.
pccd - xx/xx/xxxx

 Received PCCD showing payoff - xx/xx/xxxx

pccd - xx/xx/xxxx

 2026-05-18 16:25 Resolved 3 1 3 1
4000128198 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Credit Title Document is Partially Present Title document is incomplete or only partially present.  File is missing either a xxxxxx/Property Report or the xxxxxx, xxxxxx, Transaction Cert, or E&O Policy.  Please supply both required Title documents. The full title prelim/commitment is not provided. 



Prelim was provided.  Condition resolved. - xx/xx/xxxx

 title binder - xx/xx/xxxx

 Prelim was provided. Condition resolved. - xx/xx/xxxx

Title document has been provided. - xx/xx/xxxx

Prelim was provided.  Condition resolved. - xx/xx/xxxx

Title document has been provided. - xx/xx/xxxx

title binder - xx/xx/xxxx

 2026-05-18 17:49 Resolved 3 1 3 1
4000128218 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-26 18:54 Cleared 1 1 4 1
4000128218 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Appraisal is Missing The file is missing the appraisal.

appraisal - xx/xx/xxxx

 Complete Appraisal provided.  Condition resolved. - xx/xx/xxxx

Appraisal is Present or is Waived - xx/xx/xxxx

appraisal - xx/xx/xxxx

 2026-05-28 16:33 Resolved 4 1 4 1
4000128218 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-26 18:54 Cleared 1 1 4 1
4000128295 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-27 14:38 Cleared 1 1 1 1
4000128295 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-27 14:38 Cleared 1 1 1 1
4000128295 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-27 14:38 Cleared 1 1 1 1
4000128330 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-11 19:48 Cleared 1 1 3 1
4000128330 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-11 19:47 Cleared 1 1 3 1
4000128330 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Fraud Report - Fraud Alerts The credit report in the loan file verified a fraud alert that was not sufficiently addressed. Lender to provide clarification on Fraud report missing public record data as well fraud alert for undisclosed REO that cleared without further comment, just that the loan was a DSCR loan.



FRAUD DOCS - xx/xx/xxxx

 Fraud Report explanation provided.  Condition resolved. - xx/xx/xxxx

FRAUD DOCS - xx/xx/xxxx

 2026-05-12 17:06 Resolved 3 1 3 1
4000128346 xx/xx/xxxx xxxxx xxxxx HI Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Credit Purchase is not considered to be an Arm's Length Transaction Non-arm's length transactions not allowed for program.  xxxxxx is requesting an investor exception to allow a NAL transaction on a DSCR purchase of a detached 2 unit condo purchase in xxxxxx - NAL due to FSBO. Seller is a FSBO. 



 Comp Factors: 62% LTV on purchase, xxxxxx FICO. Loan will be subject to final review with no additional exceptions. 2026-05-18 20:03 Waived 2 2 3 2
4000128346 xx/xx/xxxx xxxxx xxxxx HI Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-19 15:32 Cleared 1 1 3 2
4000128346 xx/xx/xxxx xxxxx xxxxx HI Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. Please provide a valid third party valuation product that supports the appraised value



CDA - xx/xx/xxxx

 CDA supporting value was provided.  Condition resolved. - xx/xx/xxxx

CDA - xx/xx/xxxx

 2026-05-20 19:16 Resolved 3 1 3 2
4000128346 xx/xx/xxxx xxxxx xxxxx HI Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Credit Title Document Missing Title document is missing. Please provide the title



Prelim - xx/xx/xxxx

 Title Commitment provided.  Condition rersolved. - xx/xx/xxxx

Title document is fully present - xx/xx/xxxx

Prelim - xx/xx/xxxx

 2026-05-20 19:13 Resolved 3 1 3 2
4000128357 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-26 13:40 Cleared 1 1 1 1
4000128357 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-26 13:41 Cleared 1 1 1 1
4000128357 xx/xx/xxxx xxxxx xxxxx WA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-26 13:41 Cleared 1 1 1 1
4000128400 xx/xx/xxxx xxxxx xxxxx CT Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-30 22:49 Cleared 1 1 1 1
4000128400 xx/xx/xxxx xxxxx xxxxx CT Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-30 22:49 Cleared 1 1 1 1
4000128400 xx/xx/xxxx xxxxx xxxxx CT Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-30 22:49 Cleared 1 1 1 1
4000128523 xx/xx/xxxx xxxxx xxxxx IL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-08 17:09 Cleared 1 1 3 1
4000128523 xx/xx/xxxx xxxxx xxxxx IL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-08 17:09 Cleared 1 1 3 1
4000128523 xx/xx/xxxx xxxxx xxxxx IL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Hazard Insurance - Other Insurance Incomplete The policy verifying other property insurance is not complete. Lender to provide evidence of Rent Loss coverage missing from the loan file



Email from Agent on Rent loss - xx/xx/xxxx

 HOI Policy provided with Rent Loss Coverage.  Condition resolved. - xx/xx/xxxx

Email from Agent on Rent loss - xx/xx/xxxx

 2026-05-11 18:43 Resolved 3 1 3 1
4000128533 xx/xx/xxxx xxxxx xxxxx IL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-13 19:29 Cleared 1 1 3 1
4000128533 xx/xx/xxxx xxxxx xxxxx IL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-13 19:29 Cleared 1 1 3 1
4000128533 xx/xx/xxxx xxxxx xxxxx IL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Eligibility - Investor Experience The borrower(s) investor experience does not meet guideline requirements. Per the 1008 and final loan application, the borrower does not own any additional properties. Per guidelines, the program is for professional investors and first-time investors are allowed on exception basis. Please provide documentation that the borrower has a history of managing investment properties or a formal exception.



attached property profile report for xxxxxx - xx/xx/xxxx
 Property report provided and Fraud Report in file proves Investor experience.  Condition resolved. - xx/xx/xxxx
The borrower(s) investor experience does meet guideline requirements. - xx/xx/xxxx
Yes - xx/xx/xxxx
The borrower(s) investor experience does meet guideline requirements. - xx/xx/xxxx
attached property profile report for xxxx - xx/xx/xxxx
 2026-05-15 20:25 Resolved 3 1 3 1
4000128565 xx/xx/xxxx xxxxx xxxxx MN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The loan file contains a CU a with risk score = / < 2.5 which meets the lender's guidelines. 2026-05-14 16:27 Cleared 1 1 3 1
4000128565 xx/xx/xxxx xxxxx xxxxx MN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-14 16:30 Cleared 1 1 3 1
4000128565 xx/xx/xxxx xxxxx xxxxx MN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Compliance Missing evidence of rate lock Missing evidence of Rate Lock. Missing xxxxxx rate lock priced with minimum DSCR of 0.75 based on the audited PITIA payment which matches the 1008 PITIA. The loan file contains an OFB rate lock based on DSCR of a rate l.150; however,  the correct DSCR is 0.856. 



See updated lock confirmation from xxxxxx xxxxxx. - xx/xx/xxxx
 In the Vendor File on pages 251, 267, 327, and 594. Page 251 shows the loan was updated and locked with DSCR 0.85, LTV 46.154%, Note Rate xxxxxx%, and a lock expiration of xxxxxx. Page 267 supports the audited PITIA used for the DSCR calculation, with total proposed payment of $xxxxxx. Page 327 confirms the lock terms: $xxxxxx loan amount, xxxxxx% rate, lock date xxxxxx, 30-day lock, and xxxxxx expiration. Page 594 is the updated Rate Lock Confirmation and shows the loan was priced as 30 YR FIXED ACCESS DSCR with the DSCR <1.00, LTV/CLTV <=55 pricing adjustment. The updated lock supports the correct DSCR, and the audited DSCR is still above the Access DSCR minimum of 0.75. Please Cancel. - xx/xx/xxxx
 Updated xxxxxx lock showing correct DSCR was provided.  Condition resolved. - xxxxxx
See updated lock confirmation from xxxxxx xxxxxx. - xxxxxx
Condition upheld.  While the Vendor File page numbers are correct, what is needed is the corrected Lock Confirmation between xxxxxx and xxxxxx.  The one on Vendor File page 763 shows a DSCR of 1.15. Provide a corrected xxxxxx Lock Confirmation to show the correct DSCR of 0.85 - xx/xx/xxxx
In the Vendor File on pages 251, 267, 327, and 594. Page 251 shows the loan was updated and locked with DSCR 0.85, LTV 46.154%, Note Ratexxxxxx%, and a lock expiration of xxxxxx. Page 267 supports the audited PITIA used for the DSCR calculation, with total proposed payment of $xxxxxx. Page 327 confirms the lock terms: $xxxxxx loan amount, xxxxxx% rate, lock date xxxxxx, 30-day lock, and xxxxxx expiration. Page 594 is the updated Rate Lock Confirmation and shows the loan was priced as 30 YR FIXED ACCESS DSCR with the DSCR <1.00, LTV/CLTV <=55 pricing adjustment. The updated lock supports the correct DSCR, and the audited DSCR is still above the Access DSCR minimum of 0.75. Please Cancel. - xx/xx/xxxx
 2026-06-12 19:41 Resolved 3 1 3 1
4000128565 xx/xx/xxxx xxxxx xxxxx MN Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Credit Corporation/LLC: EIN Doc is Missing The loan file does not contain the Coporation/LLC: EIN documentation. The loan file does not contain the Coporation/LLC: EIN documentation for the vested business entity. 



Attached the EIN documentation. The IRS Letter forxxxxxx confirms the vested business entity’s Employer Identification Number as xxxxxx. Please Clear. - xx/xx/xxxx
 Evidence of EIN provided.  Condition resolved. - xx/xx/xxxx
Attached the EIN documentation. The IRS Letter for xxxxxx confirms the vested business entity’s Employer Identification Number as xxxxxx. Please Clear. - xx/xx/xxxx
 2026-05-19 20:29 Resolved 3 1 3 1
4000128618 xx/xx/xxxx xxxxx xxxxx ME Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-22 15:43 Cleared 1 1 1 1
4000128618 xx/xx/xxxx xxxxx xxxxx ME Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-22 15:42 Cleared 1 1 1 1
4000128618 xx/xx/xxxx xxxxx xxxxx ME Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-22 15:42 Cleared 1 1 1 1
4000128653 xx/xx/xxxx xxxxx xxxxx WA Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA with Low Risk and CDA to Appraisal value with 0.00% variance which meets the lender's guidelines.





2026-05-29 15:56 Cleared 1 1 1 1
4000128653 xx/xx/xxxx xxxxx xxxxx WA Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-29 15:56 Cleared 1 1 1 1
4000128653 xx/xx/xxxx xxxxx xxxxx WA Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-29 15:56 Cleared 1 1 1 1
4000128696 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-26 17:18 Cleared 1 1 1 1
4000128696 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-26 17:19 Cleared 1 1 1 1
4000128696 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-26 17:16 Cleared 1 1 1 1
4000128895 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Credit Third Party Fraud Report not Provided Missing third party fraud report. Please provide the fraud report for the borrower. The one located in the loan file is for a different borrower.



Please see attached, fraud report  - xx/xx/xxxx

 Fraud Report provided.  Condition resolved. - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

Please see attached, fraud report  - xx/xx/xxxx

 2026-05-29 18:40 Resolved 3 1 3 1
4000128895 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-27 20:02 Cleared 1 1 3 1
4000128895 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. Please provide documentation to show that the primary residence is owned free and clear.



Please see attached, the loan show that is free and clear. Satisfaction of mortgage.  - xx/xx/xxxx

 Evidence showing Primary is free and clear was provided.  Condition resolved. - xx/xx/xxxx

Please see attached, the loan show that is free and clear. Satisfaction of mortgage.  - xx/xx/xxxx

 2026-05-29 18:37 Resolved 3 1 3 1
4000128895 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Credit Missing VOM or VOR Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Please provide the verification of mortgage for the subject property to reflect the payment history as required by guidelines showing the borrower is current. The statement dated xx/xx/xxxx shows that the borrower is past due. 

Please see attached, payment history was provided.  - xx/xx/xxxx

 Evidence showing Primary is free and clear was provided.  Condition resolved. - xx/xx/xxxx

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xx/xx/xxxx

Please see attached, payment history was provided.  - xx/xx/xxxx

 2026-05-29 18:37 Resolved 3 1 3 1
4000128900 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 8 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-06-04 19:52 Cleared 1 1 3 1
4000128900 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 8 xx/xx/xxxx Credit Hazard Insurance Policy is Partial Hazard insurance policy partially provided.  The hazard policy is completed in English and Chinese. The effective dates, mortgagee, and policy #are missing. Please provide the hazard policy in English along with the replacement estimator (if applicable), effective dates, mortgagee, and policy #.



HOI provided - xx/xx/xxxx

 Hazard insurance uploaded -xx/xx/xxxx

 Hazard Insurance Policy is fully present - xx/xx/xxxx

HOI provided - xx/xx/xxxx

Hazard insurance uploaded -xx/xx/xxxx

 2026-06-08 14:49 Resolved 3 1 3 1
4000128900 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 8 xx/xx/xxxx Credit Transaction is not arm's length One of the sellers and the buyer have the same last name - xxx - The LOE regarding this being an arm's length transaction is missing in the loan file. 

Letter of explanation uploaded - xx/xx/xxxx
 LOE provided from Borrower stating he is no way related to Seller.  Condition resolved. - xx/xx/xxxx
Letter of explanation uploaded - xx/xx/xxxx
 2026-06-12 19:48 Resolved 3 1 3 1
4000128900 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 8 xx/xx/xxxx Credit Borrower - Residency Alien Documentation The borrower indicates Resident Alien status, however, the file contains no evidence documenting status as legally.  The Permanent Resident Alien I-551  has an expiration date of xx/xx/xxxx- xxxxxx guides additionally require Alien Registration Card I-551 with expiration to also be  accompanied by INS Form I-751 (petition to remove conditions). The I-751 to remove the IR-1 status is missing in the loan file. 

IR1 is not a conditional permanent resident status.



IR1 stands for an immediate-relative of a U.S. xxxxxxzen who received permanent residence without conditions

People with IR1 status receive a regular 10-year Green Card and do not file Form I-751.

The borrower holds an IR1 Green Card with a 10-year validity period, which is attached again for review. There may be a misunderstanding between IR1 and CR1, as CR1 is the category for a conditional resident and is the status that typically requires Form I-751 to remove conditions. - xx/xx/xxxx

 Borrower has a 10-year Green Card on file with an expiration date of 0xx/xx/xxxx. This is not a temporary or conditional status.  Can this condition be waived? - xx/xx/xxxx

 Permanent Resident Alien card provided.  Condition resolved. - xx/xx/xxxx
IR1 is not a conditional permanent resident status.

IR1 stands for an immediate-relative of a U.S. xxxxxxzen who received permanent residence without conditions
People with IR1 status receive a regular 10-year Green Card and do not file Form I-751.
The borrower holds an IR1 Green Card with a 10-year validity period, which is attached again for review. There may be a misunderstanding between IR1 and CR1, as CR1 is the category for a conditional resident and is the status that typically requires Form I-751 to remove conditions. - xx/xx/xxxx
Condition upheld.  Perm-Resident does not meet Guidelines.  Request exception through the xxxxxx/xxxxxx Portal. - xx/xx/xxxx
Borrower has a 10-year Green Card on file with an expiration date of 0xx/xx/xxxx. This is not a temporary or conditional status.  Can this condition be waived? - xx/xx/xxxx
 2026-06-15 20:17 Resolved 2 1 3 1
4000128900 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 7 of 8 xx/xx/xxxx Credit Credit Documentation - Credit Supplement Missing The loan file did not contain the credit supplement as required. The Note date is xx/xx/xxxx with a credit report dated xx/xx/xxxx supporting the mortgage on the credit report was last paid xx/xx/xxxx. Missing evidence confirming the mortgage is current at the time of closing due to the 120 day lapse. 

Updated credit report dated xx/xx/xxxx to show mortgage is current.  - xx/xx/xxxx
 GAP Report was provided to show Mortgage on REO property is 0x30x48 as of xx/xx/xxxx.  Condition resolved. - xx/xx/xxxx
Updated credit report dated xx/xx/xxxx to show mortgage is current.  - xx/xx/xxxx
 2026-06-10 16:46 Resolved 3 1 3 1
4000128900 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 8 of 8 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. Missing the required 3rd party valuation product.



CDA provided - xx/xx/xxxx
 CDA value $xxxxxx.  Appraisal value $xxxxxx -xx/xx/xxxx
 CDA provided - xx/xx/xxxx
CDA value $xxxxxx.  Appraisal value $xxxxxx -xx/xx/xxxx
 2026-06-08 14:47 Resolved 3 1 3 1
4000128900 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 8 xx/xx/xxxx Credit Purchase Contract - Addendum Missing The Purchase Contract Addendum is missing. Missing sales contract addendum: The sales contract has an COE date of xx/xx/xxxx. Missing the sales contract addendum extending the closing to xx/xx/xxxx and supporting no change in the terms.

Purchase contract addendum uploaded - xx/xx/xxxx

 Contract addendum extending closing to xx/xx/xxxx was provided.  Condition resolved. - xx/xx/xxxx
Purchase contract addendum uploaded - xx/xx/xxxx
 2026-06-10 16:34 Resolved 2 1 3 1
4000128900 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 8 xx/xx/xxxx Property Appraisal - Other There are additional appraisal findings. Per the appraisal the subject is a detached 2-unit duplex. Per the images provided, the walls on both sides abut the other units. Correction to show the subject as an attached (per the images middle) 2-unit property is required. 



Updated appraisal uploaded -xx/xx/xxxx

 Appraisal reflecting attached 2 unit provided - xx/xx/xxxx

Updated appraisal uploaded -xx/xx/xxxx

 2026-06-08 14:44 Resolved 2 1 3 1
4000128929 xx/xx/xxxx xxxxx xxxxx GA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-15 18:24 Cleared 1 1 1 1
4000128929 xx/xx/xxxx xxxxx xxxxx GA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-15 18:24 Cleared 1 1 1 1
4000128929 xx/xx/xxxx xxxxx xxxxx GA Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-15 18:24 Cleared 1 1 1 1
4000128960 xx/xx/xxxx xxxxx xxxxx AZ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Eligibility - Investor Experience The borrower(s) investor experience does not meet guideline requirements. The applicant is on title but not on the mortgage for the non-subject primary home.  This is a delayed financing transaction.  While the applicant has had ownership of other properties, this has not been the case within the last 3 years.  The exception is for DSCR delayed financing at .9379% DSCR Ratio. The Borrower is on title but not on the mortgage for primary; therefore, the current investor experience is being limited to this transaction. 





The compensating factors are the FICO  and CLTV 50%

Exception is approved, subject to final review with no other exceptions. The compensating factors include Lot LTV 49%, reserves strong cash out. 		 2026-05-29 13:46 Waived 2 2 2 2
4000128960 xx/xx/xxxx xxxxx xxxxx AZ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-29 19:03 Cleared 1 1 2 2
4000128960 xx/xx/xxxx xxxxx xxxxx AZ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-29 19:03 Cleared 1 1 2 2
4000128972 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-26 20:03 Cleared 1 1 1 1
4000128972 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-26 20:04 Cleared 1 1 1 1
4000128972 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-26 20:03 Cleared 1 1 1 1
4000128987 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-28 22:09 Cleared 1 1 4 1
4000128987 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-28 22:09 Cleared 1 1 4 1
4000128987 xx/xx/xxxx xxxxx xxxxx NJ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Business Purpose - Loan Guaranty/Missing The Personal Loan Guaranty is missing.



The Personal Loan Guaranty is not missing. - xx/xx/xxxx

The Personal Loan Guaranty was located in the Note - xx/xx/xxxx

The Personal Loan Guaranty is not missing. - xx/xx/xxxx

 2026-07-15 13:17 Resolved 4 1 4 1
4000128992 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-22 15:21 Cleared 1 1 3 1
4000128992 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Compliance Final CD: Summaries of Transaction discrepancy Lender to provide supporting documentation for the disposition of gift funds received totaling $xxxxxxx via wire on xx/xx/xxxx.
PCCD - xx/xx/xxxx

 Received PCCD disclosing the gift funds - xx/xx/xxxx

PCCD - xx/xx/xxxx

 2026-05-28 13:19 Resolved 3 1 3 1
4000128992 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-22 15:21 Cleared 1 1 3 1
4000128992 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Credit Assets - Insufficient Source Seasoning The loan file does not contain all required asset documentation. Assets required for closing were not sufficiently seasoned. Lender to provide supporting documentation and LOE for CD transfer on xx/xx/xxxx in the amount of $xxxxxx Telephone Wire from CD ****xxxxxx

UW LOX - xx/xx/xxxx

 LOE from Borrower was provided. Condition resolved. - xx/xx/xxxx

UW LOX - xx/xx/xxxx

 2026-05-29 12:49 Resolved 3 1 3 1
4000129015 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-29 18:33 Cleared 1 1 1 1
4000129015 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-29 18:30 Cleared 1 1 1 1
4000129015 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-29 18:28 Cleared 1 1 1 1
4000129026 xx/xx/xxxx xxxxx xxxxx OH Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 7 xx/xx/xxxx Credit Borrower 1 Business Tax Returns Missing Borrower 1 Business Tax Returns missing from the file. Missing xxxxxx Business tax returns & K-1 for xxxxxx

See attached returns  - xx/xx/xxxx

 xxxxxx and xxxxxx 1120's and K-1's were provided.  Condition resolved. - xx/xx/xxxx
Borrower 1 Business Tax Returns Provided - xx/xx/xxxx
See attached returns  - xx/xx/xxxx
 2026-05-21 14:53 Resolved 3 1 3 1
4000129026 xx/xx/xxxx xxxxx xxxxx OH Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 7 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-18 17:19 Cleared 1 1 3 1
4000129026 xx/xx/xxxx xxxxx xxxxx OH Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 7 of 7 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-18 17:19 Cleared 1 1 3 1
4000129026 xx/xx/xxxx xxxxx xxxxx OH Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 7 xx/xx/xxxx Credit Corporation/LLC: Operating Agreement Doc is Incomplete The Corporation/LLC: Operating Agreement in file is incomplete. Borrowing Entity Documents associated with xxxx xxxx xxxxxx are missing, including the Operating Agreement, IRS EIN Confirmation Letter, Articles of Organization/Incorporation, and Certificate of Good Standing.



See attached  - xx/xx/xxxx

 See attached Corp docs  - xx/xx/xxxx

 Operating Agreement for xxxxxx was provided to show that both Borrowers own 50/50.  xxxxxx is the 100% of xxxxxx, which is the entity the loan closed in.  Condition resolved. - xx/xx/xxxx
See attached  - xx/xx/xxxx
Condition upheld.  All LLC Docs were provided for xxxxxx.  A Layered Entity exists.  Per Operating Agreement for xxxxxx, the sole Member with 100% ownership is xxxxxx.  Provide the Articles of Incorporation, Operating Agreement, and Certificate of Good Standing for xxxxxx - xx/xx/xxxx
See attached Corp docs  - xx/xx/xxxx
 2026-05-22 12:53 Resolved 3 1 3 1
4000129026 xx/xx/xxxx xxxxx xxxxx OH Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 7 xx/xx/xxxx Credit Approval/Underwriting Summary Not Provided The loan did not contain the Approval/Underwriting Summary. Missing evidence of approval/underwriting summary (Final 1008). 



See attached 1008 - xx/xx/xxxx

 Approval/Underwriting Summary is fully present - xx/xx/xxxx

See attached 1008 - xx/xx/xxxx

 2026-05-19 15:59 Resolved 3 1 3 1
4000129026 xx/xx/xxxx xxxxx xxxxx OH Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 7 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. The loan file did not contain sufficient documentation to verify HOA debts associated with property xxxxxx

 See attached - xx/xx/xxxx

 HOA Statement provided.  Condition resolved. - xx/xx/xxxx

See attached - xx/xx/xxxx

 2026-06-01 17:37 Resolved 3 1 3 1
4000129026 xx/xx/xxxx xxxxx xxxxx OH Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 6 of 7 xx/xx/xxxx Credit Approval - Lender Income Calculation Missing The loan file did not contain the lender income calculation worksheet as required.

See attached income sheet  - xx/xx/xxxx

 Lender's Income Calculation Worksheet was provided.  Condition resolved. - xx/xx/xxxx

See attached income sheet  - xx/xx/xxxx

 2026-05-21 14:33 Resolved 3 1 3 1
4000129045 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-14 16:40 Cleared 1 1 1 1
4000129045 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-14 16:40 Cleared 1 1 1 1
4000129045 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-14 16:39 Cleared 1 1 1 1
4000129207 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Asset 1 Missing Asset documentation is missing from the file. The loan file is missing the asset statement to verify 3 months or $xxxxxx in reserves

 

 Please see attached  - xx/xx/xxxx

 xxxxxx Asset print-out was provided. Condition resolved. - xx/xx/xxxx
Asset 1 Provided - xx/xx/xxxx
Please see attached  - xx/xx/xxxx
 2026-05-22 17:09 Resolved 3 1 3 1
4000129207 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-21 19:26 Cleared 1 1 3 1
4000129207 xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-21 19:26 Cleared 1 1 3 1
4000129215 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit Borrower 1 Executed 4506-T Missing Borrower 1 Executed 4506-T missing from the file. The loan file is missing the signed 4506T. 



4506 - xx/xx/xxxx

 4506 provided.  Condition resolved. - xx/xx/xxxx

Borrower 1 Executed 4506-T Provided - xx/xx/xxxx

4506 - xx/xx/xxxx

 2026-05-26 18:40 Resolved 3 1 3 1
4000129215 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Appraisal - Photos Missing The loan file did not contain appraisal photos as required. The loan file contains pictures of the subject; however, all the pictures are in black and white and blurry. 



appraisal - xx/xx/xxxx

 Full color Appraisal was provided.  Condition resolved. - xx/xx/xxxx

appraisal - xx/xx/xxxx

 2026-05-26 18:44 Resolved 3 1 3 1
4000129215 xx/xx/xxxx xxxxx xxxxx NJ Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-22 18:23 Cleared 1 1 3 1
4000129222 xx/xx/xxxx xxxxx xxxxx WV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-21 15:08 Cleared 1 1 1 1
4000129222 xx/xx/xxxx xxxxx xxxxx WV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-21 15:08 Cleared 1 1 1 1
4000129222 xx/xx/xxxx xxxxx xxxxx WV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-21 15:08 Cleared 1 1 1 1
4000129277 xx/xx/xxxx xxxxx xxxxx MD Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Missing letter of explanation A Letter of Explanation (LOE) by the Borrower / Guarantor is required to detail relevant real estate experience

Hi, what is needed to detail relevant real estate experience? does the borrower claiming rental income on her xxxxxx tax return not provide the evidence of relevant landlord experience? - xx/xx/xxxx
 Condition set in error.  xxxxxx Tax Return with Schedule E was provided in the loan file.  Borrower has Real Estate Experience.  Condition resolved. - xx/xx/xxxx
Hi, what is needed to detail relevant real estate experience? does the borrower claiming rental income on her xxxxxx tax return not provide the evidence of relevant landlord experience? - xx/xx/xxxx
 2026-05-20 15:54 Resolved 3 1 3 1
4000129277 xx/xx/xxxx xxxxx xxxxx MD Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-18 16:25 Cleared 1 1 3 1
4000129277 xx/xx/xxxx xxxxx xxxxx MD Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Missing Doc - 3rd Party Valuation Product/Missing The loan file did not contain the required 3rd party valuation product. The loan file is missing the Third-Party Valuation.



AVM - xx/xx/xxxx

 CDA supporting value was provided.  Condition resolved. - xx/xx/xxxx

AVM - xx/xx/xxxx

 2026-05-20 15:52 Resolved 3 1 3 1
4000129283 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance Missing evidence of rate lock Missing evidence of Rate Lock. Rate lock reflects the subject is a rate and term refinance; however, the Final CD reflects the borrower is receiving cash back of $xxxxxx which would change the subject loan to cash out refinance. 

lock updated to cash out refi - xx/xx/xxxx

 rate lock - xx/xx/xxxx

 Rate Lock changing loan to a cash-out was provided.  Condition resolved. - xx/xx/xxxx

lock updated to cash out refi - xx/xx/xxxx

Condition upheld.  Provide a copy of the Note, Mortgage, and Final CD/ Settlement Statement for the Refinance of the the subject property dated xx/xx/xxxx and recorded on xx/xx/xxxx.  To determine Transaction Type.  Borrower is refinancing a mortgage that is only seasoned 4 months. - xx/xx/xxxx

rate lock - xx/xx/xxxx

 2026-06-01 20:07 Resolved 3 1 3 1
4000129283 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-19 16:38 Cleared 1 1 3 1
4000129283 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-19 16:38 Cleared 1 1 3 1
4000129287 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 5 xx/xx/xxxx Credit Borrower 1 Credit Report is Missing Borrower 1 credit report is missing. Lender to provide the Tri Merge credit report including all mortgages. 



credit report - xx/xx/xxxx

 Credit Report provided.  Condition resolved. - xx/xx/xxxx

Borrower 1 Credit Report is not missing. - xx/xx/xxxx

credit report - xx/xx/xxxx

 2026-07-01 13:10 Resolved 4 1 4 1
4000129287 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 5 xx/xx/xxxx Credit Borrower 1 DOT Signature does not Match Note Lender to have the borrower resign the securitization instruments (note, DOT) with her complete name signature. Borrower signed the loan closing package only using their initials. The signature name affidavit does not include their initials either.   

recorded DOT, etc  - xx/xx/xxxx

 Borrower consistently signed all closing docs with initials.  All LLC docs were signed with initials.  Condition resolved. - xx/xx/xxxx

recorded DOT, etc  - xx/xx/xxxx

 2026-06-01 20:12 Resolved 3 1 4 1
4000129287 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-19 16:19 Cleared 1 1 4 1
4000129287 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 5 xx/xx/xxxx Credit Corporation/LLC: EIN Doc is Missing The loan file does not contain the Coporation/LLC: EIN documentation. Lender to provide the IRS EIN letter for the business entity since the loan closed in the entity name. 



EIN - xx/xx/xxxx

 LLC EIN provided.  Condition resolved. - xx/xx/xxxx

EIN - xx/xx/xxxx

 2026-05-21 13:22 Resolved 3 1 4 1
4000129287 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 5 xx/xx/xxxx Credit Missing VOM or VOR Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Lender to provide the credit report including the mortgage debt or a standard VOM for the subject property to verify the loan was in good standing at the time of closing. 



rent free - xx/xx/xxxx

 Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xx/xx/xxxx

Rent Free Letter provided.  Condition resolved. - xx/xx/xxxx

rent free - xx/xx/xxxx

 2026-07-01 13:10 Resolved 3 1 4 1
4000129342 xx/xx/xxxx xxxxx xxxxx WV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-22 17:47 Cleared 1 1 1 1
4000129342 xx/xx/xxxx xxxxx xxxxx WV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-22 17:47 Cleared 1 1 1 1
4000129342 xx/xx/xxxx xxxxx xxxxx WV Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-22 17:47 Cleared 1 1 1 1
4000129367 xx/xx/xxxx xxxxx xxxxx NJ Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-15 19:15 Cleared 1 1 1 1
4000129367 xx/xx/xxxx xxxxx xxxxx NJ Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-15 19:15 Cleared 1 1 1 1
4000129367 xx/xx/xxxx xxxxx xxxxx NJ Second Home Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-15 19:16 Cleared 1 1 1 1
4000129380 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 5 xx/xx/xxxx Credit Borrower 1 3rd Party VOE Prior to Close Missing Borrower 1 3rd party VOE prior to close missing. Per xxxxxx guides: A VVOE must be completed within ten (10) calendar days of the closing date and it is missing in the loan file.



See attached  - xx/xx/xxxx

 VVOE was provided.  Condition resolved. - xx/xx/xxxx

Borrower 1 3rd Party VOE prior to close was provided. - xx/xx/xxxx

See attached  - xx/xx/xxxx

 2026-05-28 15:24 Resolved 3 1 3 1
4000129380 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 4 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-26 13:35 Cleared 1 1 3 1
4000129380 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 5 xx/xx/xxxx Credit Approval/Underwriting Summary Not Provided The loan did not contain the Approval/Underwriting Summary. The 1008 is missing.

See attached 1008 - xx/xx/xxxx

 1008 provided. Condition resolved. - xx/xx/xxxx

Approval/Underwriting Summary is fully present - xx/xx/xxxx

See attached 1008 - xx/xx/xxxx

 2026-05-28 15:31 Resolved 3 1 3 1
4000129380 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 5 xx/xx/xxxx Credit Liabilities - REO The loan file did not contain sufficient documentation to verify debts associated with all other properties. Missing HOA for the REO or a letter confirming there is no HOA on the REO.



As per online search, both properties are single families with NO HOA,  - xx/xx/xxxx

 Evidence of no HOA on two REO's was provided.  Condition resolved. - xx/xx/xxxx

As per online search, both properties are single families with NO HOA,  - xx/xx/xxxx

 2026-05-28 15:26 Resolved 3 1 3 1
4000129380 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 5 of 5 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-26 13:34 Cleared 1 1 3 1
4000129388 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Borrower 1 3rd Party VOE Prior to Close Missing Borrower 1 3rd party VOE prior to close missing. Missing the Borrower's VVOE within 10 days of closing. 



VVOE - xx/xx/xxxx

 VVOE provided.  Condition resolved. - xx/xx/xxxx

Borrower 1 3rd Party VOE prior to close was provided. - xx/xx/xxxx

VVOE - xx/xx/xxxx

 2026-05-22 15:34 Resolved 3 1 3 1
4000129388 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-21 19:19 Cleared 1 1 3 1
4000129388 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-21 19:19 Cleared 1 1 3 1
4000129442 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 2 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-15 18:17 Cleared 1 1 3 1
4000129442 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 2 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-15 18:16 Cleared 1 1 3 1
4000129459 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 2 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-22 18:48 Cleared 1 1 3 1
4000129459 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 2 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-22 18:48 Cleared 1 1 3 1
4000129559 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-22 13:42 Cleared 1 1 1 1
4000129559 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-22 13:41 Cleared 1 1 1 1
4000129559 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.
 

2026-05-22 13:41 Cleared 1 1 1 1
4000129705 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-11 21:14 Cleared 1 1 1 1
4000129705 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-11 21:14 Cleared 1 1 1 1
4000129705 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-11 21:14 Cleared 1 1 1 1
4000129709 xx/xx/xxxx xxxxx xxxxx NC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-14 16:03 Cleared 1 1 1 1
4000129709 xx/xx/xxxx xxxxx xxxxx NC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-14 16:02 Cleared 1 1 1 1
4000129709 xx/xx/xxxx xxxxx xxxxx NC Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-14 16:03 Cleared 1 1 1 1
4000129753 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-06-10 18:39 Cleared 1 1 1 1
4000129753 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-10 18:39 Cleared 1 1 1 1
4000129753 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-10 18:39 Cleared 1 1 1 1
4000129757 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 5 xx/xx/xxxx Credit Citizenship Documentation Not Provided Borrower 1 xxxxxxzenship Documentation is missing from the file. A copy of the Permanent Resident Card (front and back) is missing from the loan file. 



attached - xx/xx/xxxx

 Condition resolved - xx/xx/xxxx

Condition resolved - xx/xx/xxxx

Permanent Resident Card Provided.  Condition resolved. - xx/xx/xxxx

attached - xx/xx/xxxx

 2026-05-22 19:44 Resolved 3 1 3 1
4000129757 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 5 of 5 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-22 16:28 Cleared 1 1 3 1
4000129757 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 5 xx/xx/xxxx Credit Missing letter of explanation For Asset 1, a $xxxxxx Large Deposit on xx/xx/xxxx is shown on the xxxxxx Account Activity Summary.  Please provide explanation.
 
 attached from our guideline. source of large deposit is not required. - xx/xx/xxxx

 Condition resolved.  Guidelines from xxxxxx guideline section was found.   - xx/xx/xxxx
Document Uploaded. Condition upheld.  Per the attached guidelines approved by xxxxxx/xxxxxx condition stands.  Borrower is a First Time Homebuyer, First Time Investor, lives Rent Free, and has only three open tradelines.  A Letter of Explanation is required for the $xxxxxx large deposit.  - xx/xx/xxxx
attached from our guideline. source of large deposit is not required. - xx/xx/xxxx
 2026-05-26 18:28 Resolved 3 1 3 1
4000129757 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 5 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-22 16:28 Cleared 1 1 3 1
4000129757 xx/xx/xxxx xxxxx xxxxx PA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 5 xx/xx/xxxx Credit Third Party Fraud Report not Provided The Fraud Report is not in file.  Missing third party fraud report.



attached ssa verification. - xx/xx/xxxx

 attached - xx/xx/xxxx

 Fraud Report and SSA Verification were provided.  Condition resolved. - xx/xx/xxxx

Third party fraud report is provided - xx/xx/xxxx

attached ssa verification. - xx/xx/xxxx

Condition upheld. Fraud Report provided has uncleared High level alerts. The SS Card does not clear that alert. Provide SSA-89 verification from SSA. - xx/xx/xxxx

attached - xx/xx/xxxx

 2026-05-26 15:59 Resolved 3 1 3 1
4000129760 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-22 19:41 Cleared 1 1 3 1
4000129760 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Hazard Insurance Policy is Missing Missing hazard insurance policy.

HOI - xx/xx/xxxx

 HOI Policy provided.  Condition resolved. - xx/xx/xxxx

Hazard Insurance Policy was provided. - xx/xx/xxxx

HOI - xx/xx/xxxx

 2026-05-28 14:52 Resolved 3 1 3 1
4000129760 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-22 19:41 Cleared 1 1 3 1
4000129765 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-29 19:45 Cleared 1 1 1 1
4000129765 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-29 19:40 Cleared 1 1 1 1
4000129765 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-29 19:44 Cleared 1 1 1 1
4000129776 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-27 12:59 Cleared 1 1 1 1
4000129776 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-27 13:00 Cleared 1 1 1 1
4000129776 xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-27 12:59 Cleared 1 1 1 1
4000129786 xx/xx/xxxx xxxxx xxxxx OH Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 4 xx/xx/xxxx Compliance Disclosure - CHARM Booklet/Late CHARM Booklet not provided within 3 days of application date.

This loan was initially disclosed as a 30 Year Fixed but then switched to an xxxxxx xxxxxx 7/6 ARM on xxxxxx. So I sent the CHARM Booklet and ARM Disclosure on xxxxxx before initial CD was sent. - xx/xx/xxxx
 Charm booklet provided within 3 days of program change - xx/xx/xxxx
CHARM Booklet not provided within 3 days of application date. - xx/xx/xxxx
CHARM Booklet not provided within 3 days of application date. Received ARM disclosure - xx/xx/xxxx
Charm booklet received - xx/xx/xxxx
This loan was initially disclosed as a 30 Year Fixed but then switched to an xxxxxx xxxxxx 7/6 ARM on xxxxxx. So I sent the CHARM Booklet and ARM Disclosure on xxxxxx before initial CD was sent. - xx/xx/xxxx
 2026-05-28 14:03 Resolved 3 1 3 1
4000129786 xx/xx/xxxx xxxxx xxxxx OH Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-27 18:48 Cleared 1 1 3 1
4000129786 xx/xx/xxxx xxxxx xxxxx OH Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 4 xx/xx/xxxx Compliance Disclosure - ARM Disclosure/Late The ARM Disclosure was not provided within 3 days of application date.



Received ARM disclosure within 3 days of program change - xx/xx/xxxx

 2026-05-28 14:02 Resolved 3 1 3 1
4000129786 xx/xx/xxxx xxxxx xxxxx OH Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-27 18:48 Cleared 1 1 3 1
4000129852 xx/xx/xxxx xxxxx xxxxx WA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 2 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-22 15:31 Cleared 1 1 3 1
4000129852 xx/xx/xxxx xxxxx xxxxx WA Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 2 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-22 15:31 Cleared 1 1 3 1
4000129961 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-06-02 18:06 Cleared 1 1 1 1
4000129961 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-02 18:06 Cleared 1 1 1 1
4000129961 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-02 18:06 Cleared 1 1 1 1
400012xxxxxx xx/xx/xxxx xxxxx xxxxx NV Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-28 13:18 Cleared 1 1 1 1
400012xxxxxx xx/xx/xxxx xxxxx xxxxx NV Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-28 13:18 Cleared 1 1 1 1
400012xxxxxx xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 2 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-05 20:41 Cleared 1 1 3 1
400012xxxxxx xx/xx/xxxx xxxxx xxxxx NV Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-28 13:18 Cleared 1 1 1 1
400012xxxxxx xx/xx/xxxx xxxxx xxxxx CA Primary Residence Purchase QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 2 xx/xx/xxxx Credit Missing VOM or VOR Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. The loan file reflects the borrower doesn't have any housing expenses; however, there is not a LOE to verify to Borrower's rent-free letter. 



as per our underwriter this is a purchase of a primary residence. VOR or Rent-Free Letter is not required by AUS.

 - xx/xx/xxxx

 Condition set in error. Not required by AUS or Agency Guidelines. - xx/xx/xxxx

Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - xx/xx/xxxx

as per our underwriter this is a purchase of a primary residence. VOR or Rent-Free Letter is not required by AUS.

 - xx/xx/xxxx

 2026-05-08 16:48 Resolved 3 1 3 1
4000130172 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-28 21:08 Cleared 1 1 2 1
4000130172 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-28 21:08 Cleared 1 1 2 1
4000130172 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit Purchase Contract - Addendum Missing The Purchase Contract Addendum is missing. Missing the sales contract addendum extending the closing date. The current P&S agreement has a closing date of xx/xx/xxxx. The note date is xx/xx/xxxx. 

attached - xx/xx/xxxx

 Addendum extending closing date to xx/xx/xxxx was provided.   Condition resolved. - xx/xx/xxxx
attached - xx/xx/xxxx
 2026-06-11 14:49 Resolved 2 1 2 1
4000130241 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance Final CD: Estimated Taxes, Insurance, & Assessments "In escrow? is incomplete or inaccurate " Lender to provide updated final CD with the correct Hazard Insurance Premium of $xxxxxx.
PCCD correctd premium - xx/xx/xxxx

 Received corrected PCCD - xx/xx/xxxx

PCCD correctd premium - xx/xx/xxxx

 2026-06-02 13:29 Resolved 3 1 3 1
4000130241 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU and LCA with risk scores = or < 2.5 which meets the lender's guidelines.





2026-05-27 16:19 Cleared 1 1 3 1
4000130241 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-27 16:19 Cleared 1 1 3 1
4000130314 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 4 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-27 21:02 Cleared 1 1 4 1
4000130314 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 4 of 4 xx/xx/xxxx Compliance Disclosure -Initial Escrow Disclosure/Late The Initial Escrow Account Statement provided in the file was provided to the borrower more than 45 calendar days after settlement. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.17(g) Lender to provide Initial Escrow Account Disclosure.



IEAD is not required for the DSCR program - xx/xx/xxxx

 DSCR loan - xx/xx/xxxx

IEAD is not required for the DSCR program - xx/xx/xxxx

 2026-05-28 14:05 Resolved 2 1 4 1
4000130314 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 4 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-27 21:02 Cleared 1 1 4 1
4000130314 xx/xx/xxxx xxxxx xxxxx TX Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 4 xx/xx/xxxx Compliance Missing Warranty / Transfer Deed Warranty / Transfer Deed is not provided. Lender to provide clear title/chain of title documentation required to support borrower vesting at closing.  Current owner of record xxxxxx but loan is closing under xxxxxx.  Missing documentation evidencing transfer of title or change in ownership prior to closing.

Transfer deed attached - xx/xx/xxxx

 Received recorded warranty deed - xx/xx/xxxx

Transfer deed attached - xx/xx/xxxx

 2026-06-01 14:47 Resolved 4 1 4 1
4000130326 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-28 14:12 Cleared 1 1 1 1
4000130326 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-28 14:12 Cleared 1 1 1 1
4000130326 xx/xx/xxxx xxxxx xxxxx PA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-28 14:12 Cleared 1 1 1 1
4000130431 xx/xx/xxxx xxxxx xxxxx IL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 5 of 7 xx/xx/xxxx Credit Credit Documentation - Undisclosed Liabilities An undisclosed liability was found on the updated credit report that was not located on the original credit report. lender to provide evidence of new installment loan with xxxxxx with a balance of $xxxxxx and $xxxxxx mo payment.

See previous uploaded borrower refinanced car - xx/xx/xxxx

 Evidence xxxxxx account was refinanced to a new account, and xxxxxx account was paid off. Condition resolved. - xx/xx/xxxx

See previous uploaded borrower refinanced car - xx/xx/xxxx

 2026-06-02 16:28 Resolved 3 1 4 1
4000130431 xx/xx/xxxx xxxxx xxxxx IL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 7 of 7 xx/xx/xxxx Compliance Insufficient Change of Circumstance (50001252) The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Appraisal Fee, Credit Report Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Appraisal and credit report fees increased on the FCD without a valid CIC



Cure provided on FCD - xx/xx/xxxx
 Please see CD dated xxxxxx has a tolerance cure for both fees xxxxxx for the appraisal and xxxxxx for credit report for a total of xxxxxx. - xx/xx/xxxx
 Resolved - xx/xx/xxxx
Cure provided on FCD - xx/xx/xxxx
Please see CD dated xxxxxx has a tolerance cure for both fees xxxxxx for the appraisal and xxxxxx for credit report for a total of xxxxxx. - xx/xx/xxxx
 2026-06-02 14:23 Resolved 3 1 4 1
4000130431 xx/xx/xxxx xxxxx xxxxx IL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 7 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-29 21:52 Cleared 1 1 4 1
4000130431 xx/xx/xxxx xxxxx xxxxx IL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 7 xx/xx/xxxx Compliance Final CD: Calculating Cash to Close Seller Credit discrepancy The Final Closing Disclosure for the borrower does not reflect the seller credit/contribution in the amount of $xxxxxx, as indicated on the Seller’s Closing Disclosure and the Contract Sale Addendum. Please provide an updated Closing Disclosure reflecting the applicable seller credit/contribution.
Please see previous upload consummation CD provided previously - xx/xx/xxxx

 Received FCD - xx/xx/xxxx

Please see previous upload consummation CD provided previously - xx/xx/xxxx

 2026-06-01 15:15 Resolved 3 1 4 1
4000130431 xx/xx/xxxx xxxxx xxxxx IL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 6 of 7 xx/xx/xxxx Compliance Charges That Cannot Increase Test (50001251) The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Appraisal Fee, Credit Report Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). Appraisal and credit report fees increased on the FCD without a valid CIC



Please see CD dated xxxxxx has a tolerance cure for both fees xxxxxx for the appraisal and xxxxxx for credit report for a total of xxxxxx. - xx/xx/xxxx
 Cure provided on FCD - xx/xx/xxxx
Please see CD dated xxxxxx has a tolerance cure for both fees xxxxxx for the appraisal and xxxxxx for credit report for a total of xxxxxx. - xx/xx/xxxx
 2026-06-02 14:22 Resolved 3 1 4 1
4000130431 xx/xx/xxxx xxxxx xxxxx IL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 3 of 7 xx/xx/xxxx Compliance TRID: Missing Final Closing Disclosure The loan file does not contain the Final Closing Disclosure.

Please see previous upload consummation CD provided previously - xx/xx/xxxx

 TRID: Final Closing Disclosure Provided - xx/xx/xxxx

Please see previous upload consummation CD provided previously - xx/xx/xxxx

 2026-06-01 15:13 Resolved 4 1 4 1
4000130431 xx/xx/xxxx xxxxx xxxxx IL Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 4 of 7 xx/xx/xxxx Credit Liabilities - Payoff Missing The required debt payoffs were missing from the loan file. Lender to provide evidence of payoff or credit supplement reflecting xxxxxx auto and xxxxxx accounts paid off with $xxxxxx balance.

xxxxxx cards show payoff on CD and borrower refinance car with new monthly payment of xxxxxx - xx/xx/xxxx
 Evidence xxxxxx account was refinanced to a new account, and xxxxxx account was paid off.  Condition resolved. - xx/xx/xxxx
xxxxxx cards show payoff on CD and borrower refinance car with new monthly payment of xxxxxx - xx/xx/xxxx
 2026-06-02 16:27 Resolved 3 1 4 1
4000130464 xx/xx/xxxx xxxxx xxxxx AZ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-15 17:17 Cleared 1 1 1 1
4000130464 xx/xx/xxxx xxxxx xxxxx AZ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-15 17:17 Cleared 1 1 1 1
4000130464 xx/xx/xxxx xxxxx xxxxx AZ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-15 17:17 Cleared 1 1 1 1
4000130479 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-29 21:15 Cleared 1 1 1 1
4000130479 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-05-29 21:14 Cleared 1 1 1 1
4000130479 xx/xx/xxxx xxxxx xxxxx NY Primary Residence Refinance QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-29 21:14 Cleared 1 1 1 1
4000130498 xxxxx xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-21 00:50 Cleared 1 1 1 1
4000130498 xxxxx xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-21 00:49 Cleared 1 1 1 1
4000130498 xxxxx xx/xx/xxxx xxxxx xxxxx NY Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-21 00:49 Cleared 1 1 1 1
4000130716 xx/xx/xxxx xxxxx xxxxx OH Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 1 of 2 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-03 21:05 Cleared 1 1 3 1
4000130716 xx/xx/xxxx xxxxx xxxxx OH Primary Residence Purchase Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxxxx 2 of 2 xx/xx/xxxx Compliance No Compliance Findings The loan meets all applicable compliance guidelines.



2026-06-03 18:42 Cleared 1 1 3 1
4000130841 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-28 12:53 Cleared 1 1 1 1
4000130841 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-28 12:53 Cleared 1 1 1 1
4000130841 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-28 12:52 Cleared 1 1 1 1
4000130986 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-06-05 17:06 Cleared 1 1 1 1
4000130986 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-05 17:06 Cleared 1 1 1 1
4000130986 xx/xx/xxxx xxxxx xxxxx NY Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-05 17:07 Cleared 1 1 1 1
4000131171 xxxxx xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-29 15:03 Cleared 1 1 1 1
4000131171 xxxxx xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-29 13:42 Cleared 1 1 1 1
4000131171 xxxxx xx/xx/xxxx xxxxx xxxxx FL Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-29 15:08 Cleared 1 1 1 1
4000131405 xx/xx/xxxx xxxxx xxxxx NC Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-28 14:38 Cleared 1 1 3 1
4000131405 xx/xx/xxxx xxxxx xxxxx NC Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-28 14:38 Cleared 1 1 3 1
4000131405 xx/xx/xxxx xxxxx xxxxx NC Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Corporation/LLC: Certificate of Good Standing Doc is Missing The loan file does not contain the Corporation/LLC: Certificate of Good Standing. Please provide the Certificate of Good Standing 



COGS attached - xx/xx/xxxx

 Certificate of Good Standing was provided.  Condition resolved. - xx/xx/xxxx

COGS attached - xx/xx/xxxx

 2026-06-02 12:59 Resolved 3 1 3 1
4000131411 xx/xx/xxxx xxxxx xxxxx NC Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-27 21:46 Cleared 1 1 1 1
4000131411 xx/xx/xxxx xxxxx xxxxx NC Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-27 21:46 Cleared 1 1 1 1
4000131411 xx/xx/xxxx xxxxx xxxxx NC Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-27 21:45 Cleared 1 1 1 1
4000131779 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-06-02 19:58 Cleared 1 1 1 1
4000131779 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-02 19:58 Cleared 1 1 1 1
4000131779 xx/xx/xxxx xxxxx xxxxx TX Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-02 19:58 Cleared 1 1 1 1
4000132019 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-06-05 17:57 Cleared 1 1 1 1
4000132019 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-05 17:57 Cleared 1 1 1 1
4000132019 xx/xx/xxxx xxxxx xxxxx CA Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-05 17:58 Cleared 1 1 1 1
4000132023 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-05-29 22:04 Cleared 1 1 1 1
4000132023 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-05-29 22:04 Cleared 1 1 1 1
4000132023 xx/xx/xxxx xxxxx xxxxx NJ Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-05-29 22:04 Cleared 1 1 1 1
4000132025 xx/xx/xxxx xxxxx xxxxx UT Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-06-08 15:40 Cleared 1 1 1 1
4000132025 xx/xx/xxxx xxxxx xxxxx UT Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-08 15:40 Cleared 1 1 1 1
4000132025 xx/xx/xxxx xxxxx xxxxx UT Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-08 15:40 Cleared 1 1 1 1
4000132026 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



DSCR / Business Purpose loans are exempt from Reg Z and Reg X.
 - xx/xx/xxxx
 2026-06-01 14:17 Cleared 1 1 3 1
4000132026 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.
 - xx/xx/xxxx
 2026-06-01 14:17 Cleared 1 1 3 1
4000132026 xx/xx/xxxx xxxxx xxxxx FL Investment Purchase ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Credit Program Parameters - Borrower/Business Entity Ineligibility The subject is vested in a business entity (LLC). Per guidelines, a Borrowing Resolution and Incumbency Certificate is required, but is missing from the loan file. 

The file contains documentation supporting the LLC’s approval and authorization of the subject mortgage transaction. The Operating Agreement for xxxxxx is specific to the subject property atxxxxxx and states the LLC’s purpose is to acquire and manage the subject property as a short-term rental. The Operating Agreement also confirms the company is member-managed, the members have authority to carry out company business, including borrowing funds, and additional member approval is only required for debt over $xxxxxx. The subject loan amount is $xxxxxx, which is below the debt threshold stated in the Operating Agreement. Schedule A identifies xxxxxx and xxxxxx as the only members, each with 50% ownership, and the agreement is signed by both members. The Operating Agreement supports the LLC approval, authorization, authority to act, and member/incumbency elements required for the transaction. Please Cancel. -xx/xx/xxxx
 Condition set in error.  LLC has to members.  Each have a 50% ownership in the LLC.  Both members are Borrowers on the loan. A Borrowing Resolution and Incumbency Certificate is not required.     - xx/xx/xxxx
The file contains documentation supporting the LLC’s approval and authorization of the subject mortgage transaction. The Operating Agreement for xxxxxx is specific to the subject property atxxxxxx and states the LLC’s purpose is to acquire and manage the subject property as a short-term rental. The Operating Agreement also confirms the company is member-managed, the members have authority to carry out company business, including borrowing funds, and additional member approval is only required for debt over $xxxxxx. The subject loan amount is $xxxxxx, which is below the debt threshold stated in the Operating Agreement. Schedule A identifies xxxxxx and xxxxxx as the only members, each with 50% ownership, and the agreement is signed by both members. The Operating Agreement supports the LLC approval, authorization, authority to act, and member/incumbency elements required for the transaction. Please Cancel. -xx/xx/xxxx
 2026-06-08 16:33 Resolved 3 1 3 1
4000132625 xxxxx xx/xx/xxxx xxxxx xxxxx AZ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 1 of 3 xx/xx/xxxx Compliance No Compliance Tests Performed DSCR / Business Purpose loans are exempt from Reg Z and Reg X.



2026-06-08 13:59 Cleared 1 1 1 1
4000132625 xxxxx xx/xx/xxxx xxxxx xxxxx AZ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 3 of 3 xx/xx/xxxx Property Value - Value is supported within -10% of original appraisal amount The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied.



2026-06-08 14:00 Cleared 1 1 1 1
4000132625 xxxxx xx/xx/xxxx xxxxx xxxxx AZ Investment Refinance ATR/QM: Exempt ATR/QM: Exempt xxxxx 2 of 3 xx/xx/xxxx Credit No Credit Findings The loan meets all applicable credit guidelines.



2026-06-08 13:59 Cleared 1 1 1 1