MORGAN STANLEY CAPITAL I INC. ABS-15G

Exhibit 99.3 - Schedule 1

 

Loan ID Seller Loan ID Redaction ID Overall Initial Loan Grade Overall Final Loan Grade Credit Initial Loan Grade Credit Current/Final Loan Grade Compliance Initial Loan Grade Compliance Current/Final Loan Grade Property Initial Loan Grade Property Current/Final Loan Grade Queue Finding Code Date Created Date Modified Finding Status Event Level Initial Finding Grade Current/Final Finding Grade Finding Category Finding Sub Category Finding Name Finding Comments Seller Comments Resolution Comments Reviewer Comp Factor Originator Comp Factors Finding Documents Originator QM Status Final Reviewed QM Status Loan Amount Property State Occupancy Loan Purpose Refinance Purpose Acknowledged / WaivedBy Waiver in File? Unique Finding ID
XXXX XXXX 10085628 D A D A A A A A Closed FCRE1509 2026-02-04 15:36 2026-02-10 14:38 Resolved 1 - Information C A Credit Closing Issues exist on the Note Document Resolved-The Mortgage contains the prepayment rider. - Due Diligence Vendor-02/10/2026
Counter-Finding remains....missing Prepayment Addendum to NOTE (rider is for Mortgage) - Due Diligence Vendor-02/06/2026
Ready for Review-Document Uploaded. The XXXX Prepayment Rider should cover this.  We had discussed it with the rep and created this according to what she said was required for prepayments in XXXX. - Seller-02/05/2026
Open-There are Issues Present on the Note that must be addressed. Missing Prepayment Addendum to the Note
 - Due Diligence Vendor-02/04/2026
Ready for Review-Document Uploaded. The XXXX Prepayment Rider should cover this.  We had discussed it with the rep and created this according to what she said was required for prepayments in XXXX. - Seller-02/05/2026
Resolved-The Mortgage contains the prepayment rider. - Due Diligence Vendor-02/10/2026

Long term residence - UW validated borrowers have owned current home 2021 with property search document.  This show long term residence.

Months Reserves exceed minimum required - 268 months; 12 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7447677
XXXX XXXX 10085628 D A D A A A A A Closed FCRE1145 2026-02-03 14:13 2026-02-06 08:29 Resolved 1 - Information D A Credit Missing Doc Title Document Missing Resolved-Client provided Title Commitment - Due Diligence Vendor-02/06/2026

Ready for Review-Document Uploaded. (1)Missing 24 month Chain of Title ==== - Seller-02/05/2026

Open-Title Document is missing - Due Diligence Vendor-02/03/2026
Ready for Review-Document Uploaded. (1)Missing 24 month Chain of Title ==== - Seller-02/05/2026

Resolved-Client provided Title Commitment - Due Diligence Vendor-02/06/2026

Long term residence - UW validated borrowers have owned current home 2021 with property search document.  This show long term residence.

Months Reserves exceed minimum required - 268 months; 12 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7423991
XXXX XXXX 10085628 D A D A A A A A Closed FCRE1201 2026-02-03 14:28 2026-02-06 08:28 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-02/06/2026
Ready for Review-Document Uploaded. (4) Please upload Fraud report with all pages and all parties to the transaction included in watchlist=====All other conditions have been uploaded for review===Conditions Viewable through XXXX Portal" - Buyer-02/05/2026
Open-Missing Third Party Fraud Report - Due Diligence Vendor-02/03/2026
  Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-02/06/2026

Long term residence - UW validated borrowers have owned current home 2021 with property search document.  This show long term residence.

Months Reserves exceed minimum required - 268 months; 12 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7424396
XXXX XXXX 10085628 D A D A A A A A Closed FCRE0197 2026-02-03 14:47 2026-02-06 08:23 Resolved 1 - Information C A Credit Eligibility The Final SELLER CD/HUD is missing Resolved-Client provided Seller CD/Alta Stmt - Due Diligence Vendor-02/06/2026

Ready for Review-Document Uploaded. (3) The Final SELLER CD/HUD is missing.==== - Seller-02/05/2026

Open-The Final SELLER CD/HUD is missing.  - Due Diligence Vendor-02/03/2026
Ready for Review-Document Uploaded. (3) The Final SELLER CD/HUD is missing.==== - Seller-02/05/2026

Resolved-Client provided Seller CD/Alta Stmt - Due Diligence Vendor-02/06/2026

Long term residence - UW validated borrowers have owned current home 2021 with property search document.  This show long term residence.

Months Reserves exceed minimum required - 268 months; 12 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7424755
XXXX XXXX 10085628 D A D A A A A A Closed FCRE1151 2026-02-04 15:49 2026-02-06 08:18 Resolved 1 - Information C A Credit Title Satisfactory Chain of Title not Provided Resolved-Client provided Title, Chain of title Sch B #17 - Due Diligence Vendor-02/06/2026

Ready for Review-Document Uploaded. (1)Missing 24 month Chain of Title ==== - Buyer-02/05/2026

Open-Unsatisfactory Chain of Title provided. Missing 24 month Chain of Title - Due Diligence Vendor-02/04/2026
  Resolved-Client provided Title, Chain of title Sch B #17 - Due Diligence Vendor-02/06/2026

Long term residence - UW validated borrowers have owned current home 2021 with property search document.  This show long term residence.

Months Reserves exceed minimum required - 268 months; 12 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7447914
XXXX XXXX 10085628 D A D A A A A A Closed FCRE1469 2026-02-03 14:42 2026-02-06 08:08 Resolved 1 - Information D A Credit Missing Doc Asset 3 Missing Resolved-Client provided gift letter, wire transfer confirmation of receipt as well - Due Diligence Vendor-02/06/2026

Ready for Review-Document Uploaded. Supporting docs - Seller-02/04/2026

Open-Asset 3 Missing Need documentation to support Gift from spouse of $60,000 was withdrawn from an account showing only his name and proof it was transferred/received from title company.   - Due Diligence Vendor-02/03/2026
Ready for Review-Document Uploaded. Supporting docs - Seller-02/04/2026

Resolved-Client provided gift letter, wire transfer confirmation of receipt as well - Due Diligence Vendor-02/06/2026

Long term residence - UW validated borrowers have owned current home 2021 with property search document.  This show long term residence.

Months Reserves exceed minimum required - 268 months; 12 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7424666
XXXX XXXX 10085628 D A D A A A A A Closed FCRE1197 2026-02-03 14:59 2026-02-06 08:03 Resolved 1 - Information C A Credit Eligibility Audited FICO is less than Guideline FICO Resolved-Client provided Credit Report, lowest mid score of 2 bureaus 728 - Due Diligence Vendor-02/06/2026

Ready for Review-Document Uploaded. Supporting docs - Buyer-02/04/2026

Open-Audited FICO of  is less than Guideline FICO of 700 Need Credit Report to verify FICO meets guides.  dh - Due Diligence Vendor-02/03/2026
  Resolved-Client provided Credit Report, lowest mid score of 2 bureaus 728 - Due Diligence Vendor-02/06/2026

Long term residence - UW validated borrowers have owned current home 2021 with property search document.  This show long term residence.

Months Reserves exceed minimum required - 268 months; 12 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7424937
XXXX XXXX 10085628 D A D A A A A A Closed FCRE5770 2026-02-03 14:28 2026-02-06 08:01 Resolved 1 - Information D A Credit Missing Doc Borrower 1 Credit Report is Missing Resolved-Received Borrower 1 Credit Report. - Due Diligence Vendor-02/06/2026

Ready for Review-Document Uploaded. Supporting docs - Buyer-02/04/2026

Open-Borrower 1 Credit Report is Missing. - Due Diligence Vendor-02/03/2026
  Resolved-Received Borrower 1 Credit Report. - Due Diligence Vendor-02/06/2026

Long term residence - UW validated borrowers have owned current home 2021 with property search document.  This show long term residence.

Months Reserves exceed minimum required - 268 months; 12 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7424381
XXXX XXXX 10085628 D A D A A A A A Closed FCRE1161 2026-02-03 14:25 2026-02-06 07:52 Resolved 1 - Information D A Credit Missing Doc Flood Certificate Missing Resolved-Client provided Flood Certificate - Due Diligence Vendor-02/06/2026

Ready for Review-Document Uploaded. Supporting Docs - Buyer-02/04/2026

Open-Missing Flood Certificate Missing Flood Determination Certification  - Due Diligence Vendor-02/03/2026
  Resolved-Client provided Flood Certificate - Due Diligence Vendor-02/06/2026

Long term residence - UW validated borrowers have owned current home 2021 with property search document.  This show long term residence.

Months Reserves exceed minimum required - 268 months; 12 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7424354
XXXX XXXX 10110690 D A D A A A A A Closed FCRE8887 2026-02-23 09:02 2026-04-16 13:07 Resolved 1 - Information D A Credit Missing Doc Missing or Incomplete 1003 Resolved-Received updated 1003 with no debt noted in declaration.   - Due Diligence Vendor-04/16/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-04/15/2026

Open-Declarations section 5 is not complete - Due Diligence Vendor-02/23/2026
  Resolved-Received updated 1003 with no debt noted in declaration.   - Due Diligence Vendor-04/16/2026

Qualifying FICO score is at least 20 points above minimum for program -  Required is 700 Borrower has 804

Months Reserves exceed minimum required - Min 3, actual 47.98
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7752615
XXXX XXXX 10156812 D A D A A A A A Closed FCRE0070 2026-02-23 11:49 2026-04-02 12:49 Resolved 1 - Information D A Credit Missing Doc Approval/Underwriting Summary Not Provided (3) Resolved-Upon further review, the loan approval was in the loan file. - Due Diligence Vendor-02/27/2026
Ready for Review-Document Uploaded. The attached underwriter approval was delivered with the initial loan file. This is approved by XXXX to be evidence of lender approval.  - Seller-02/27/2026
Open-Missing Approval/Underwriting Summary Lender to provide a loan approval and/or Underwriting Summary to show how the loan closed. - Due Diligence Vendor-02/23/2026
Ready for Review-Document Uploaded. The attached underwriter approval was delivered with the initial loan file. This is approved by XXXX to be evidence of lender approval.  - Seller-02/27/2026
Resolved-Upon further review, the loan approval was in the loan file. - Due Diligence Vendor-02/27/2026

Qualifying FICO score is at least 20 points above minimum for program -
 Required is 700 Borrower has 761

Months Reserves exceed minimum required - Reserves = 26 months – Required Reserves = 3 Months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7757851
XXXX XXXX 10156812 D A D A A A A A Closed FCRE0125 2026-03-03 11:34 2026-04-02 11:04 Resolved 1 - Information C A Credit Eligibility Missing First Payment Letter Resolved-Updated Note provided, this loan is not interest only and the FPL is correct. - Due Diligence Vendor-04/02/2026
Ready for Review-Document Uploaded. Updated Note provided. The first payment letter in the file has the correct P&I payment. This is not an I/O Loan.  - Seller-04/01/2026
Counter-First payment letter will be reviewed once the corrected Note is provided. - Due Diligence Vendor-03/16/2026
Ready for Review-The amount listed, XXXX, is the correct monthly payment amount beginning on XXXX. We are awaiting the corrected Note also listing the same. Please clear this item, thank you. - Seller-03/12/2026
Counter-First Payment Letter provided, however the P&I amount is not correct.  1st payment is Interest Only.  - Due Diligence Vendor-03/11/2026
Ready for Review-Document Uploaded. Page 1 and 2 were delivered in the initial loan file. I've attached here again. Also the ACH acknowledges the monthly amount to be deducted. Please clear. - Seller-03/10/2026
Counter-Received pg 1 of 2 of payment letter.   Missing proof of acknowledgement. Finding remains.  - Due Diligence Vendor-03/06/2026
Ready for Review-Document Uploaded. Supporting Documents - Seller-03/05/2026
Open-Provided a first payment letter with the interest only payment. - Due Diligence Vendor-03/03/2026
Ready for Review-Document Uploaded. Updated Note provided. The first payment letter in the file has the correct P&I payment. This is not an I/O Loan.  - Seller-04/01/2026
 Ready for Review-The amount listed, XXXX, is the correct monthly payment amount beginning on XXXX. We are awaiting the corrected Note also listing the same. Please clear this item, thank you. - Seller-03/12/2026
 Ready for Review-Document Uploaded. Page 1 and 2 were delivered in the initial loan file. I've attached here again. Also the ACH acknowledges the monthly amount to be deducted. Please clear. - Seller-03/10/2026
 Ready for Review-Document Uploaded. Supporting Documents - Seller-03/05/2026
Resolved-Updated Note provided, this loan is not interest only and the FPL is correct. - Due Diligence Vendor-04/02/2026

Qualifying FICO score is at least 20 points above minimum for program -
 Required is 700 Borrower has 761

Months Reserves exceed minimum required - Reserves = 26 months – Required Reserves = 3 Months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7898136
XXXX XXXX 10156812 D A D A A A A A Closed FCRE1509 2026-02-24 22:21 2026-03-31 13:57 Resolved 1 - Information C A Credit Closing Issues exist on the Note Document Resolved-There are no issues present on the Note. - Due Diligence Vendor-03/31/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-03/27/2026
Counter-The promissory note is not acceptable.  The I/O term indicated on section 3.1(a) is only for 15 days.  In section 3.1(b) it states that the payments for 30 years will be I/O and section 3.1(c) would indicate a balloon payment.  - Due Diligence Vendor-03/05/2026
Open-There are Issues Present on the Note that must be addressed. The Note P&I payment in file of XXXX. It should be noted the closing conditions confirm the correct P&I payment of XXXX and contains the following comment: "Per Diem Interest - XXXX." Lender to provide an updated Note reflecting the correct monthly P&I.  - Due Diligence Vendor-02/25/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-03/27/2026

Resolved-There are no issues present on the Note. - Due Diligence Vendor-03/31/2026

Qualifying FICO score is at least 20 points above minimum for program -
 Required is 700 Borrower has 761

Months Reserves exceed minimum required - Reserves = 26 months – Required Reserves = 3 Months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7790266
XXXX XXXX 10156812 D A D A A A A A Closed FCRE8702 2026-02-24 23:29 2026-02-27 09:27 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Incomplete Resolved-The Business Entity Formation Document is not incomplete - Due Diligence Vendor-02/27/2026
Ready for Review-Document Uploaded. Attached consent of members was delivered with the loan file. It should be accepts as the certificate of authorization, please advise - Seller-02/27/2026
Counter-Received Term Sheet, however we are missing the borrower Certificate of Authorization for the person executing the documents on behalf of the Entity.  - Due Diligence Vendor-02/26/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-02/25/2026
Open-The Business Entity Formation Document is incomplete Operating agreement dated XXXX reflects two members own the borrowing entity - only 1 member is a borrower.  (1) Lender to provide a Certificate of Authorization for the person executing all documents on behalf of the Entity.  (2) Lender to provide a LLC Borrowing Certificate since not all members are not on the loan. - Due Diligence Vendor-02/25/2026
Ready for Review-Document Uploaded. Attached consent of members was delivered with the loan file. It should be accepts as the certificate of authorization, please advise - Seller-02/27/2026

Resolved-The Business Entity Formation Document is not incomplete - Due Diligence Vendor-02/27/2026

Qualifying FICO score is at least 20 points above minimum for program -
 Required is 700 Borrower has 761

Months Reserves exceed minimum required - Reserves = 26 months – Required Reserves = 3 Months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7790869
XXXX XXXX 10156812 D A D A A A A A Closed FCRE0043 2026-02-23 10:36 2026-02-26 17:30 Resolved 1 - Information D A Credit Missing Doc DSCR Calculation Missing Resolved-Received DSCR Calculation. - Due Diligence Vendor-02/26/2026

Ready for Review-Document Uploaded. Supporting Document - Seller-02/25/2026

Open-The DSCR Calculation from lender is Missing. DSCR Calculation from lender is required and missing. - Due Diligence Vendor-02/23/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-02/25/2026

Resolved-Received DSCR Calculation. - Due Diligence Vendor-02/26/2026

Qualifying FICO score is at least 20 points above minimum for program -
 Required is 700 Borrower has 761

Months Reserves exceed minimum required - Reserves = 26 months – Required Reserves = 3 Months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7755185
XXXX XXXX 10156812 D A D A A A A A Closed FCRE8887 2026-02-24 22:31 2026-02-26 17:30 Resolved 1 - Information D A Credit Missing Doc Missing or Incomplete 1003 Resolved-Received application - Due Diligence Vendor-02/26/2026

Ready for Review-Document Uploaded. Supporting Document - Seller-02/25/2026

Open-Missing loan application. Additional conditions may apply, pending review. - Due Diligence Vendor-02/25/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-02/25/2026

Resolved-Received application - Due Diligence Vendor-02/26/2026

Qualifying FICO score is at least 20 points above minimum for program -
 Required is 700 Borrower has 761

Months Reserves exceed minimum required - Reserves = 26 months – Required Reserves = 3 Months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7790377
XXXX XXXX 10156812 D A D A A A A A Closed FCRE1157 2026-02-23 10:25 2026-02-26 17:28 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Missing Resolved-Received Hazard Insurance Policy - Due Diligence Vendor-02/26/2026

Ready for Review-Document Uploaded. Supporting Document - Seller-02/25/2026

Open-Missing Hazard Insurance Policy Lender to provide a copy of the hazard insurance policy for the subject property. Additional conditions may apply, pending review. - Due Diligence Vendor-02/23/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-02/25/2026

Resolved-Received Hazard Insurance Policy - Due Diligence Vendor-02/26/2026

Qualifying FICO score is at least 20 points above minimum for program -
 Required is 700 Borrower has 761

Months Reserves exceed minimum required - Reserves = 26 months – Required Reserves = 3 Months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 7754776
XXXX XXXX 10162195 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10162224 D B D B A A C A Closed FCRE1198 2026-03-02 12:33 2026-03-13 13:41 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Bank statements provided and used the daily balances prior to closing. - Due Diligence Vendor-03/13/2026
Counter-Received Update Statement for XXXX.  Unable to use account XXXX as the funds from this account was transferred to XXXX. - Due Diligence Vendor-03/09/2026
Counter-Received Operating agreement confirming 100% ownership of XXXX.  Received duplicate accounts dated after disbursement.  Missing statements dated prior to disbursement to confirm funds to close.  - Due Diligence Vendor-03/06/2026
Ready for Review-Document Uploaded. Please see attached the Operating Agreement for the entity XXXX 100% ownership by XXXX and the bank statement for the month XXXX - Buyer-03/06/2026
Counter-Received XXXX also ending after Disbursement date but also confirmation of business percentage of ownership was not provided.  - Due Diligence Vendor-03/05/2026
Ready for Review-Document Uploaded. Uploaded two bank statements to support the reserve requirement, totaling XXXX:
XXXX
Account XXXX: The remaining balance, with leases and proof of payments already submitted. - Buyer-03/05/2026
Open-Audited Reserves of 7.99 month(s) are less than Guideline Required Reserves of 9 month(s) 9 months reserves are required.Lender to provide additional assets to cover reserves required. - Due Diligence Vendor-03/02/2026
  Resolved-Bank statements provided and used the daily balances prior to closing. - Due Diligence Vendor-03/13/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 769

LTV is less than guideline maximum - Required is 75 Borrower has 63.13
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 7876233
XXXX XXXX 10162224 D B D B A A C A Closed FCRE0070 2026-03-02 12:33 2026-03-09 16:22 Resolved 1 - Information D A Credit Missing Doc Approval/Underwriting Summary Not Provided (3) Resolved-Received approval. - Due Diligence Vendor-03/05/2026

Ready for Review-Document Uploaded. Supporting Documents - Buyer-03/04/2026

Open-Missing Approval/Underwriting Summary 1008/Approval is required. Additional conditions may apply. - Due Diligence Vendor-03/02/2026
  Resolved-Received approval. - Due Diligence Vendor-03/05/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 769

LTV is less than guideline maximum - Required is 75 Borrower has 63.13
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 7876234
XXXX XXXX 10162224 D B D B A A C A Closed FCRE1278 2026-03-02 12:39 2026-03-06 12:45 Waived 2 - Non-Material C B Credit Eligibility Escrow waiver guidelines were not met Waived-Client waiver applied to non-material finding.  Exception to not have an escrow for flood.   - Due Diligence Vendor-03/06/2026

Ready for Review-Document Uploaded. Investor waiver of flood escrow - Seller-03/04/2026

Ready for Review-Document Uploaded. Supporting Document - Seller-03/04/2026

Open-Flood insurance is required to be escrowed. - Due Diligence Vendor-03/02/2026
Ready for Review-Document Uploaded. Investor waiver of flood escrow - Seller-03/04/2026

 Ready for Review-Document Uploaded. Supporting Document - Seller-03/04/2026

Waived-Client waiver applied to non-material finding.  Exception to not have an escrow for flood.   - Due Diligence Vendor-03/06/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 769

LTV is less than guideline maximum - Required is 75 Borrower has 63.13
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other Investor Post-Close No 7876406
XXXX XXXX 10162224 D B D B A A C A Closed FCRE8525 2026-03-02 11:59 2026-03-05 15:27 Resolved 1 - Information C A Property Appraisal Two or more full valuation products not provided for loan amounts > $2 million Resolved-Received second appraisal - Due Diligence Vendor-03/05/2026

Ready for Review-Document Uploaded. Supporting Document - Seller-03/04/2026

Open-Two or more full valuation products were not provided.' Per guides, for Loan Amounts greater than $2million, 2 full Appraisals required. Lender to provide second appraisal. Additional conditions may apply. - Due Diligence Vendor-03/02/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-03/04/2026

Resolved-Received second appraisal - Due Diligence Vendor-03/05/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 769

LTV is less than guideline maximum - Required is 75 Borrower has 63.13
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 7875554
XXXX XXXX 10179755 C B C B A A A A Closed FCRE0108 2026-03-04 13:34 2026-03-09 16:27 Waived 2 - Non-Material C B Credit Insurance Fidelity Coverage not met Waived-Investor waiver applied to non-material finding. Exception in file for insufficient XXXX - Due Diligence Vendor-03/09/2026
Open-XXXX requirement not met - Master policy does not contain sufficient fidelity coverage.  - Due Diligence Vendor-03/04/2026
  Waived-Investor waiver applied to non-material finding. Exception in file for insufficient XXXX - Due Diligence Vendor-03/09/2026
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 760 Required is 700 Borrower has 760

LTV is less than guideline maximum - Required is 75 Borrower has 62.5 Required is 75 Borrower has 62.5

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.24 Required is 0.8 Borrower has 1.24
Credit Score - 60 above min,  Reserves - 123 months, DSCR - .45 above min, Credit History - Perfect, LTV - 2.5 below max   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other Investor Post-Close No 7925286
XXXX XXXX 10179755 C B C B A A A A Closed FCRE0184 2026-03-04 13:48 2026-03-05 12:48 Resolved 1 - Information C A Credit Eligibility Missing Cash-out Letter on a Business Purpose Loan Resolved-After further review, this is not required in the guidelines. - Due Diligence Vendor-03/05/2026

Open-Missing Cash-out Letter on a Business Purpose Loan.  - Due Diligence Vendor-03/04/2026
  Resolved-After further review, this is not required in the guidelines. - Due Diligence Vendor-03/05/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 760 Required is 700 Borrower has 760

LTV is less than guideline maximum - Required is 75 Borrower has 62.5 Required is 75 Borrower has 62.5

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.24 Required is 0.8 Borrower has 1.24
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 7925912
XXXX XXXX 10200429 C A C A A A A A Closed FCRE1148 2026-03-04 13:48 2026-03-11 16:32 Resolved 1 - Information C A Credit Title Title Coverage is Less than Subject Lien(s) Total Resolved-Received updated preliminary title reflecting sufficient coverage. - Due Diligence Vendor-03/11/2026
Ready for Review-Document Uploaded. Resending title update. - Buyer-03/10/2026
Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Missing title supplemental report to evidence sufficient title insurance to cover subject lien of XXXX. - Due Diligence Vendor-03/06/2026
  Resolved-Received updated preliminary title reflecting sufficient coverage. - Due Diligence Vendor-03/11/2026

Months Reserves exceed minimum required - 137 months PITIA reserves; 3 months reserves required.

Credit history exceeds minimum required - Credit History = 205 Months   Minimum Credit History = 24 Months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 7925882
XXXX XXXX 10200490 D A D A A A A A Closed FCRE1509 2026-03-18 10:02 2026-04-03 15:29 Resolved 1 - Information C A Credit Closing Issues exist on the Note Document Resolved-Client provided updated Note - Due Diligence Vendor-04/02/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-03/31/2026
Counter-Maturity date is XXXX, which is not an acceptable term. - Due Diligence Vendor-03/20/2026
Ready for Review-Document Uploaded. File is a 7/6m ARM with an amortization type fixed, amortization term 240 and IO 120- as per locked terms:
The years 1-7 starting XXXX we have a fixed rate of 6.625% payment interest only, no amortization and monthly payment of XXXX
The years 8-10 starting XXXX we have an adjustable rate every 6 months with payment showing interest only
The years 11-30 starting XXXX, the rate will adjust every 6 months. Payment will be fully amortizing for the 240 months ( as per fixed/adjustable rate note ) - Seller-03/18/2026
Open-There are Issues Present on the Note that must be addressed.   Maturity date is XXXX, which is not an acceptable term.  The payment listed is also an I/O payment but the Note indicates the payment are principal and interest. - Due Diligence Vendor-03/18/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-03/31/2026
 Ready for Review-Document Uploaded. File is a 7/6m ARM with an amortization type fixed, amortization term 240 and IO 120- as per locked terms:
The years 1-7 starting XXXX we have a fixed rate of 6.625% payment interest only, no amortization and monthly payment of XXXX
The years 8-10 starting XXXX we have an adjustable rate every 6 months with payment showing interest only
The years 11-30 starting XXXX, the rate will adjust every 6 months. Payment will be fully amortizing for the 240 months ( as per fixed/adjustable rate note ) - Seller-03/18/2026
Resolved-Client provided updated Note - Due Diligence Vendor-04/02/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 750 Required is 700 Borrower has 750

Months Reserves exceed minimum required - minimum reserves are 3 months, Borrower has 10 months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 8182506
XXXX XXXX 10200490 D A D A A A A A Closed FCRE1510 2026-03-18 10:02 2026-04-02 14:17 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-Client provided executed updated DOT - Due Diligence Vendor-04/02/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-03/31/2026
Counter-Revised note not provided. Maturity date is XXXX, which is not an acceptable term. - Due Diligence Vendor-03/20/2026
Ready for Review-Document Uploaded. File is a 7/6m ARM with an amortization type fixed, amortization term 240 and IO 120- as per locked terms:
The years 1-7 starting XXXX we have a fixed rate of 6.625% payment interest only, no amortization and monthly payment of XXXX
The years 8-10 starting XXXX5 we have an adjustable rate every 6 months with payment showing interest only
The years 11-30 starting XXXX, the rate will adjust every 6 months. Payment will be fully amortizing for the 240 months ( as per fixed/adjustable rate note ) - Buyer-03/18/2026
Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed.  Maturity date is XXXX, which is not an acceptable term. - Due Diligence Vendor-03/18/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-03/31/2026

Resolved-Client provided executed updated DOT - Due Diligence Vendor-04/02/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 750 Required is 700 Borrower has 750

Months Reserves exceed minimum required - minimum reserves are 3 months, Borrower has 10 months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 8182499
XXXX XXXX 10200490 D A D A A A A A Closed FCRE1194 2026-03-18 10:03 2026-03-25 14:19 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-Updated DSCR with 120% of the market rent and is 1.63%. - Due Diligence Vendor-03/25/2026
Ready for Review-Document Uploaded. 1.DSCR of 0.976x was calculated using market rent of $4,300. However, per the program guidelines for DSCR Refinance transactions, qualifying Gross Rental Income is the higher of the appraisal market rent (Form 1007/1025) or the in-place lease, provided the lease is supported by proof of receipt (or per the terms of a new lease).In this case, we have:
An executed new lease at $7,500/month starting on XXXX
Supporting documentation consistent with the lease terms, including:
Security deposit and first month’s rent via wire
Bank statement credits dated 9/15 ($8,100) and 9/30 ($6,000)
Documentation of a $900 AC repair credit issued to the tenant
Additionally, under a conservative approach using 120% of market rent ($5,160), the DSCR recalculates to 1.1628x (see attached calculation using RE taxes of XXXX). On this basis, the loan meets the =1.00 DSCR requirement, supporting the previously approved 80% LTV.
All supporting documentation has been uploaded to the portal, including the lease, proof of payment, bank statements, insurance, real estate taxes, and DSCR calculations
2. LTV rebuttal supporting doc
 - Seller-03/23/2026
Counter-Documents provided are for a different property. - Due Diligence Vendor-03/20/2026
Ready for Review-Document Uploaded. Seller rebuttal and supporting documents - Seller-03/19/2026
Open-Audited LTV of 80% exceeds Guideline LTV of 75% - Due Diligence Vendor-03/18/2026
Ready for Review-Document Uploaded. 1.DSCR of 0.976x was calculated using market rent of $4,300. However, per the program guidelines for DSCR Refinance transactions, qualifying Gross Rental Income is the higher of the appraisal market rent (Form 1007/1025) or the in-place lease, provided the lease is supported by proof of receipt (or per the terms of a new lease).In this case, we have:
An executed new lease at $7,500/month starting on XXXX
Supporting documentation consistent with the lease terms, including:
Security deposit and first month’s rent via wire
Bank statement credits dated 9/15 ($8,100) and 9/30 ($6,000)
Documentation of a $900 AC repair credit issued to the tenant
Additionally, under a conservative approach using 120% of market rent ($5,160), the DSCR recalculates to 1.1628x (see attached calculation using RE taxes of XXXX). On this basis, the loan meets the =1.00 DSCR requirement, supporting the previously approved 80% LTV.
All supporting documentation has been uploaded to the portal, including the lease, proof of payment, bank statements, insurance, real estate taxes, and DSCR calculations
2. LTV rebuttal supporting doc
 - Seller-03/23/2026
 Ready for Review-Document Uploaded. Seller rebuttal and supporting documents - Seller-03/19/2026
Resolved-Updated DSCR with 120% of the market rent and is 1.63%. - Due Diligence Vendor-03/25/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 750 Required is 700 Borrower has 750

Months Reserves exceed minimum required - minimum reserves are 3 months, Borrower has 10 months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 8182515
XXXX XXXX 10200490 D A D A A A A A Closed FCOM1352 2026-03-06 11:51 2026-03-25 14:03 Resolved 1 - Information D A Credit Missing Doc - Credit Business Purpose Affidavit/Disclosure Missing Resolved-Received Business Purpose and Occupancy Affidavit. - Due Diligence Vendor-03/11/2026

Ready for Review-Document Uploaded. See attached BPA as requested, thank you. - Buyer-03/10/2026

Open-The Business Purpose Affidavit Disclosure is Missing - Due Diligence Vendor-03/09/2026
  Resolved-Received Business Purpose and Occupancy Affidavit. - Due Diligence Vendor-03/11/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 750 Required is 700 Borrower has 750

Months Reserves exceed minimum required - minimum reserves are 3 months, Borrower has 10 months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 7974161
XXXX XXXX 10200490 D A D A A A A A Closed FCRE0070 2026-03-06 14:14 2026-03-18 10:03 Resolved 1 - Information D A Credit Missing Doc Approval/Underwriting Summary Not Provided (3) Resolved-Approval provided. - Due Diligence Vendor-03/13/2026

Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-03/09/2026
  Resolved-Approval provided. - Due Diligence Vendor-03/13/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 750 Required is 700 Borrower has 750

Months Reserves exceed minimum required - minimum reserves are 3 months, Borrower has 10 months
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 7977160
XXXX XXXX 10200490 D A D A A A A A Closed FCRE0043 2026-03-06 13:15 2026-03-11 15:44 Resolved 1 - Information D A Credit Missing Doc DSCR Calculation Missing Resolved-Received DSCR Calculation. - Due Diligence Vendor-03/11/2026

Ready for Review-Document Uploaded. Please see DSCR calculation, thank you. - Seller-03/10/2026

Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-03/09/2026
Ready for Review-Document Uploaded. Please see DSCR calculation, thank you. - Seller-03/10/2026

Resolved-Received DSCR Calculation. - Due Diligence Vendor-03/11/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 750 Required is 700 Borrower has 750

Months Reserves exceed minimum required - minimum reserves are 3 months, Borrower has 10 months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 7975891
XXXX XXXX 10200490 D A D A A A A A Closed FCRE0196 2026-03-06 13:15 2026-03-11 15:44 Resolved 1 - Information C A Credit Eligibility Payoff(s) on the CD/HUD are not reported on Title Report Resolved-Received Payoff. - Due Diligence Vendor-03/11/2026
Ready for Review-Document Uploaded. Please see payoff letter, thank you. - Buyer-03/10/2026
Open-Payoff(s) on the CD/HUD are not reported on Title Report.  File missing pay off, title shows no open mortgage, settlement shows payoff for XXXX. - Due Diligence Vendor-03/09/2026
  Resolved-Received Payoff. - Due Diligence Vendor-03/11/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 750 Required is 700 Borrower has 750

Months Reserves exceed minimum required - minimum reserves are 3 months, Borrower has 10 months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 7975893
XXXX XXXX 10156820 C A C A A A A A Closed FCRE0184 2026-03-06 20:10 2026-03-11 15:57 Resolved 1 - Information C A Credit Eligibility Missing Cash-out Letter on a Business Purpose Loan Resolved-Received Cash out letter. - Due Diligence Vendor-03/11/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-03/10/2026

Open-Missing Cash-out Letter on a Business Purpose Loan.  Missing Cash-out Letter on a Business Purpose Loan. - Due Diligence Vendor-03/09/2026
  Resolved-Received Cash out letter. - Due Diligence Vendor-03/11/2026

LTV is less than guideline maximum - Required is 75 Borrower has 60.56 Required is 75 Borrower has 60.56

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 762 Required is 700 Borrower has 762
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 7982567
XXXX XXXX 10156820 C A C A A A A A Closed FCRE1159 2026-03-06 19:54 2026-03-11 15:54 Resolved 1 - Information C A Credit Insurance Hazard Insurance Effective Date is after the Note Date Resolved-Received Hazard Insurance Effective Date of XXXX - Due Diligence Vendor-03/11/2026
Ready for Review-Document Uploaded. ALL attached documents were inlcuded in the file uplad. Cash out LOX. HOI for 2025-2026 and 2026-2027 years. Please waive - Buyer-03/10/2026
Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX - Due Diligence Vendor-03/09/2026
  Resolved-Received Hazard Insurance Effective Date of XXXX - Due Diligence Vendor-03/11/2026
LTV is less than guideline maximum - Required is 75 Borrower has 60.56 Required is 75 Borrower has 60.56

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 762 Required is 700 Borrower has 762
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 7982351
XXXX XXXX 10156820 C A C A A A A A Closed FCOM1221 2026-03-09 16:12 2026-03-11 15:53 Resolved 1 - Information C A Credit Closing The Deed of Trust is Incomplete Resolved-Received updated Deed of Trust - Due Diligence Vendor-03/11/2026
Ready for Review-Document Uploaded. MTG was recorded correctly. It was caught prior sending for recording. Recorded MTG is attached - Buyer-03/10/2026
Open-The Deed of Trust is Incomplete Page 1 has  XXXX - Due Diligence Vendor-03/09/2026
  Resolved-Received updated Deed of Trust - Due Diligence Vendor-03/11/2026

LTV is less than guideline maximum - Required is 75 Borrower has 60.56 Required is 75 Borrower has 60.56

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 762 Required is 700 Borrower has 762
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8005848
XXXX XXXX 10210156 D A D A A A A A Closed FCRE0070 2026-03-12 07:40 2026-03-17 13:03 Resolved 1 - Information D A Credit Missing Doc Approval/Underwriting Summary Not Provided (3) Resolved-Received 1008 - Due Diligence Vendor-03/17/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-03/13/2026

Open-Missing Approval/Underwriting Summary 1008 not present. - Due Diligence Vendor-03/13/2026
  Resolved-Received 1008 - Due Diligence Vendor-03/17/2026

LTV is less than guideline maximum - Required is 80 Borrower has 75 Required is 80 Borrower has 75

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 743 Required is 700 Borrower has 743
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8066707
XXXX XXXX 10179758 C A C A A A A A Closed FCRE1509 2026-03-17 15:56 2026-03-26 15:37 Resolved 1 - Information C A Credit Closing Issues exist on the Note Document Resolved-Received 1st payment letter and cd confirming no prepay. - Due Diligence Vendor-03/26/2026

Ready for Review-Document Uploaded.  - Buyer-03/24/2026

Open-There are Issues Present on the Note that must be addressed. The final CD and the first payment letter indicate that the loan has a prepayment penalty; however, the ppp addendum was not found in the file.  If there is no prepayment penalty on this loan please provide a corrected CD and FPL. - Due Diligence Vendor-03/24/2026
  Resolved-Received 1st payment letter and cd confirming no prepay. - Due Diligence Vendor-03/26/2026

LTV is less than guideline maximum - Required is 80 Borrower has 75

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 801
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8163168
XXXX XXXX 10210154 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10179741 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10179765 C A C A A A A A Closed FCRE1156 2026-03-18 14:25 2026-03-25 16:14 Resolved 1 - Information C A Credit Insurance Named Insured on Hazard Insurance does not match Borrower(s) Name(s) Resolved-Updated policy provided. - Due Diligence Vendor-03/25/2026

Ready for Review-Document Uploaded. Fire Policy Adjustment
 - Buyer-03/24/2026

Open-Named Insured does not match Borrower(s) Name(s) Insurance shows an additional person that is no longer an owner of the property. - Due Diligence Vendor-03/18/2026
  Resolved-Updated policy provided. - Due Diligence Vendor-03/25/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 791 Required is 700 Borrower has 791

LTV is less than guideline maximum - Required is 75 Borrower has 65.69 Required is 75 Borrower has 65.69
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8191172
XXXX XXXX 10179765 C A C A A A A A Closed FCRE1440 2026-03-18 14:30 2026-03-20 11:33 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-03/20/2026
Ready for Review-Document Uploaded. The attached ledger and email verification of receipt was in the loan file showing a full year. Please clarify what is missing to deem this unacceptable in lieu of a VOR form. - Buyer-03/19/2026
Open-Housing History Does Not Meet Guideline Requirements VOR needed for current residence to equal 12 consecutive months on time housing history.  Document in file is not complete. - Due Diligence Vendor-03/18/2026
  Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-03/20/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 791 Required is 700 Borrower has 791

LTV is less than guideline maximum - Required is 75 Borrower has 65.69 Required is 75 Borrower has 65.69
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8191273
XXXX XXXX 10200467 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10210153 D A D A A A A A Closed FCRE1161 2026-03-20 10:37 2026-03-24 15:14 Resolved 1 - Information D A Credit Missing Doc Flood Certificate Missing Resolved-Flood Certificate was provided. - Due Diligence Vendor-03/24/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-03/23/2026

Open-Missing Flood Certificate - Due Diligence Vendor-03/20/2026
  Resolved-Flood Certificate was provided. - Due Diligence Vendor-03/24/2026

LTV is less than guideline maximum - Required is 70 Borrower has 49.1

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 723

Long term residence - 20 years at current residence
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8236716
XXXX XXXX 10210153 D A D A A A A A Closed FCRE1157 2026-03-20 10:37 2026-03-24 15:14 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Missing Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/24/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-03/23/2026

Open-Missing Hazard Insurance Policy - Due Diligence Vendor-03/20/2026
  Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-03/24/2026

LTV is less than guideline maximum - Required is 70 Borrower has 49.1

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 723

Long term residence - 20 years at current residence
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8236717
XXXX XXXX 10210153 D A D A A A A A Closed FCRE1152 2026-03-20 10:24 2026-03-24 15:11 Resolved 1 - Information D A Credit Missing Doc Evidence of Property Tax Missing Resolved-Evidence of Property Tax was provided. - Due Diligence Vendor-03/24/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-03/23/2026

Open-Missing Evidence of Property Tax - Due Diligence Vendor-03/20/2026
  Resolved-Evidence of Property Tax was provided. - Due Diligence Vendor-03/24/2026

LTV is less than guideline maximum - Required is 70 Borrower has 49.1

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 723

Long term residence - 20 years at current residence
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8236363
XXXX XXXX 10210153 D A D A A A A A Closed FCRE1145 2026-03-20 10:24 2026-03-24 15:11 Resolved 1 - Information D A Credit Missing Doc Title Document Missing Resolved-Title Document was provided. - Due Diligence Vendor-03/24/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-03/23/2026

Open-Title Document is missing - Due Diligence Vendor-03/20/2026
  Resolved-Title Document was provided. - Due Diligence Vendor-03/24/2026

LTV is less than guideline maximum - Required is 70 Borrower has 49.1

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 723

Long term residence - 20 years at current residence
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8236364
XXXX XXXX 10210141 B B B B A A A A Closed FCRE1440 2026-03-24 10:32 2026-03-24 12:36 Waived 2 - Non-Material B B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-03/24/2026

Open-Housing History Does Not Meet Guideline Requirements Only 10 months rent history provided, previously living rent free.  Lender exception in file.    - Due Diligence Vendor-03/24/2026
  Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-03/24/2026

LTV is less than guideline maximum - Required is 75 Borrower has 65

Months Reserves exceed minimum required - 41 months reserves documented, 12 months required
41 months reserves, 65% LTV   ATR/QM: CDFI Lender Exempt ATR/QM: CDFI Lender Exempt XXXX XXXX Investment Purchase NA Investor Post-Close No 8288430
XXXX XXXX 10210121 C B C B A A A A Closed FCRE1491 2026-03-26 16:50 2026-03-31 16:41 Resolved 1 - Information C A Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-Received LOE and account is joint.   - Due Diligence Vendor-03/31/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-03/30/2026

Open-Asset Qualification Does Not Meet Guideline Requirements Provide explanation why Father wrote EMD check and not borrower.  Additional findings may apply.  - Due Diligence Vendor-03/26/2026
  Resolved-Received LOE and account is joint.   - Due Diligence Vendor-03/31/2026

LTV is less than guideline maximum - Required is 75 Borrower has 60 Required is 75 Borrower has 60

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 746 Required is 700 Borrower has 746
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8346788
XXXX XXXX 10210121 C B C B A A A A Closed FCRE1440 2026-03-26 16:26 2026-03-27 10:27 Waived 2 - Non-Material C B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Client exception granted to allow First time home buyer and first time investor with no housing history, Non-material waiver applied with comp factors. nonmaterial due to FICO  - Due Diligence Vendor-03/27/2026

Open-Housing History Does Not Meet Guideline Requirements EXCEPTION requested due to borrower does not have 12 month housing payment history on a DSCR first time investor transaction. Page 294 - Due Diligence Vendor-03/26/2026
  Waived-Client exception granted to allow First time home buyer and first time investor with no housing history, Non-material waiver applied with comp factors. nonmaterial due to FICO  - Due Diligence Vendor-03/27/2026

LTV is less than guideline maximum - Required is 75 Borrower has 60 Required is 75 Borrower has 60

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 746 Required is 700 Borrower has 746
FICO 46 points above required 700,    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA Investor Post-Close No 8345931
XXXX XXXX 10200487 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10217423 C A C A A A A A Closed FCRE1254 2026-03-31 08:31 2026-04-03 15:22 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Client provided Lis Pendas XXXX which was voluntary dismissed - Due Diligence Vendor-04/03/2026
Ready for Review-Document Uploaded. XXXX- Buyer-04/02/2026
Open-Property Title Issue Exception was obtained for Lis Pendens issue.  We are missing Exception request with Compensating Factor and approval email.  - Due Diligence Vendor-03/31/2026
  Resolved-Client provided Lis Pendas XXXX which was voluntary dismissed - Due Diligence Vendor-04/03/2026
LTV is less than guideline maximum - Required is 75 Borrower has 37.5 Required is 75 Borrower has 37.5

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 728 Required is 700 Borrower has 728
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8401922
XXXX XXXX 10217424 D A D A A A A A Closed FCRE1440 2026-03-31 10:34 2026-04-20 11:46 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Housing History for the primary residence was provided. - Due Diligence Vendor-04/20/2026
Ready for Review-Document Uploaded. Supporting Documents - Buyer-04/16/2026
Open-Housing History Does Not Meet Guideline Requirements Need mortgage history for primary residence for the most recent 12 months. (XXXX) - Due Diligence Vendor-03/31/2026
  Resolved-Housing History for the primary residence was provided. - Due Diligence Vendor-04/20/2026

LTV is less than guideline maximum - Required is 70 Borrower has 65 Required is 70 Borrower has 65

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 729 Required is 700 Borrower has 729
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8404831
XXXX XXXX 10217424 D A D A A A A A Closed FCRE1164 2026-03-31 10:28 2026-04-20 11:43 Resolved 1 - Information D A Credit Missing Doc Flood Insurance Policy Missing Resolved-Flood Insurance Policy was provided. - Due Diligence Vendor-04/20/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-04/16/2026
Open-Missing Flood Insurance Policy Missing Flood Insurance Declaration Page with premium and coverage at appropriate limits required.  (XXXX was reviewed but indicates property is still in a flood zone). - Due Diligence Vendor-03/31/2026
  Resolved-Flood Insurance Policy was provided. - Due Diligence Vendor-04/20/2026

LTV is less than guideline maximum - Required is 70 Borrower has 65 Required is 70 Borrower has 65

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 729 Required is 700 Borrower has 729
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8404690
XXXX XXXX 10217424 D A D A A A A A Closed FCRE1206 2026-03-31 10:36 2026-04-20 11:42 Resolved 1 - Information C A Credit Eligibility All Interested Parties Not Checked with Exclusionary Lists Resolved-OFAC check was provided. - Due Diligence Vendor-04/20/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-04/16/2026

Open-All Interested Parties Not Checked with Exclusionary Lists Missing OFAC check in all parties associated with transaction  - Due Diligence Vendor-03/31/2026
  Resolved-OFAC check was provided. - Due Diligence Vendor-04/20/2026

LTV is less than guideline maximum - Required is 70 Borrower has 65 Required is 70 Borrower has 65

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 729 Required is 700 Borrower has 729
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8404883
XXXX XXXX 10224712 D A D A A A A A Closed FCOM1351 2026-04-01 12:25 2026-04-10 08:54 Resolved 1 - Information D A Credit Missing Doc Guaranty Agreement Missing Resolved-After further review, the loan did not close in the name of an entity and a guaranty agreement is not required. - Due Diligence Vendor-04/10/2026

Ready for Review-Document Uploaded. Please see attached.
 - Buyer-04/09/2026

Counter-Loan agreement provided, please provide a legible copy of the Guaranty Agreement. - Due Diligence Vendor-04/09/2026

Ready for Review-Document Uploaded. Please see attached Loan Agreement. - Buyer-04/07/2026

Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Partial'. Guaranty Agreement is not fully legible and appears to be missing pages 1,2, and 4. - Due Diligence Vendor-04/01/2026
  Resolved-After further review, the loan did not close in the name of an entity and a guaranty agreement is not required. - Due Diligence Vendor-04/10/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 760 Required is 700 Borrower has 760

LTV is less than guideline maximum - Required is 75 Borrower has 57.64 Required is 75 Borrower has 57.64
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8432700
XXXX XXXX 10224712 D A D A A A A A Closed FCRE9999 2026-04-09 12:33 2026-04-09 12:37 Resolved 1 - Information C A Credit Eligibility Legal document incorrect or has issues Resolved-Received legible copy of the Note. - Due Diligence Vendor-04/09/2026

Open-Note is not legible.  - Due Diligence Vendor-04/09/2026
  Resolved-Received legible copy of the Note. - Due Diligence Vendor-04/09/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 760 Required is 700 Borrower has 760

LTV is less than guideline maximum - Required is 75 Borrower has 57.64 Required is 75 Borrower has 57.64
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8578935
XXXX XXXX 10200469 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10233095 C B C B A A A A Closed FCRE0140 2026-04-06 18:59 2026-08-10 14:41 Waived 2 - Non-Material C B Credit Eligibility DSCR loan does not meet program guidelines Waived-Client exception granted to allow borrower exposure exceeding XXXX Loan limits. Non-material waiver applied to finding with compensating factors.
 - Due Diligence Vendor-06/01/2026
Open-Approved exception in file regarding borrower exposure exceeds XXXX limit+ 4 contiguous homes being refinanced simultaneously.  - Due Diligence Vendor-04/06/2026
  Waived-Client exception granted to allow borrower exposure exceeding XXXX Loan limits. Non-material waiver applied to finding with compensating factors.
 - Due Diligence Vendor-06/01/2026
LTV is less than guideline maximum - Required is 80 Borrower has 68.29

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 771
Loan To Value 10%or more under requirement;
FICO20 points or more above requirement;
Long Term Employment(>5years);
Long Term Homeownership(>5years);
Minimal Consumer Debt;
Reduction in housing/mortgage payment.
  ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated Investor Post-Close No 8512337
XXXX XXXX 10233095 C B C B A A A A Closed FCRE0134 2026-04-02 14:50 2026-04-10 14:10 Resolved 1 - Information C A Credit Eligibility Issue with First Payment Letter Resolved-First payment letter provided with flood insurance. - Due Diligence Vendor-04/10/2026

Ready for Review-Document Uploaded. first payment letter showing flood insur
 - Buyer-04/10/2026

Counter-Received Flood insurance invoice confirming paid in full.  Missing confirmation flood insurance is escrowed and included on First payment letter.   - Due Diligence Vendor-04/08/2026

Ready for Review-Document Uploaded. flood insurance receipt - Buyer-04/07/2026

Open-First Payment Letter does not reflect Flood Insurance as being escrowed and documentation confiming flood insurance paid outside of closing in full not provided.  - Due Diligence Vendor-04/02/2026
  Resolved-First payment letter provided with flood insurance. - Due Diligence Vendor-04/10/2026

LTV is less than guideline maximum - Required is 80 Borrower has 68.29

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 771
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 8460176
XXXX XXXX 10233095 C B C B A A A A Closed FCRE1148 2026-04-02 13:54 2026-04-08 13:30 Resolved 1 - Information C A Credit Title Title Coverage is Less than Subject Lien(s) Total Resolved-Received updated preliminary title reflecting sufficient coverage. - Due Diligence Vendor-04/08/2026

Ready for Review-Document Uploaded. title showing correct coverage - Buyer-04/07/2026

Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). - Due Diligence Vendor-04/02/2026
  Resolved-Received updated preliminary title reflecting sufficient coverage. - Due Diligence Vendor-04/08/2026

LTV is less than guideline maximum - Required is 80 Borrower has 68.29

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 771
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 8458881
XXXX XXXX 10233096 D B D B A A A A Closed FCRE3599 2026-04-02 13:10 2026-04-10 14:04 Waived 2 - Non-Material C B Credit Eligibility Borrower owns more financed properties than allowed per guidelines Waived-Client exception granted to allow borrower exposure over 10 loans. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-04/10/2026
Open-Borrower exposure - Exception for XXXX exposure over 10loans/ $7.5mm, 4 adjacent properties, Appraisal comp choices must be scrutinized and strict adherence to XXXX comp sales and adjustment guidelines. No borrower owned properties to be used as comps without explanation - Due Diligence Vendor-04/02/2026
  Waived-Client exception granted to allow borrower exposure over 10 loans. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-04/10/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 771

LTV is less than guideline maximum - Required is 80 Borrower has 68.59
FICO 20 points or more above requirement (FICO 771 vs 700 min)
LTV 69%
  ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated Investor Post-Close No 8457562
XXXX XXXX 10233096 D B D B A A A A Closed FCRE0043 2026-04-06 16:05 2026-04-08 13:55 Resolved 1 - Information D A Credit Missing Doc DSCR Calculation Missing Resolved-Received DSCR calculation. - Due Diligence Vendor-04/08/2026

Ready for Review-Document Uploaded. DSCR calculation - Buyer-04/07/2026

Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-04/06/2026
  Resolved-Received DSCR calculation. - Due Diligence Vendor-04/08/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 771

LTV is less than guideline maximum - Required is 80 Borrower has 68.59
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 8509720
XXXX XXXX 10217430 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10200493 C A A A A A C A Closed FPRO1257 2026-04-03 06:22 2026-06-01 11:52 Resolved 1 - Information C A Property Value Primary Property Value is not Substantiated Resolved-Received full 2nd appraisal.   - Due Diligence Vendor-04/17/2026
Ready for Review-Document Uploaded. This was considered a flip transaction so 2 appraisals were required. I attached the original appraisal that the XXXX was based off of. The XXXX appraisal was the 2nd appraisal needed for the flip transaction. - Buyer-04/16/2026
Counter-Received CDA for appraisal completed XXXX.  Report in file is dated XXXX.  - Due Diligence Vendor-04/10/2026
Ready for Review-Document Uploaded. XXXX
 - Buyer-04/09/2026
Open-The Primary Property Value is unsubstantiated.  Additional valuation product is required. CU is greater than 2.5, LCA score could not be assessed. Desk review is required, per guides. - Due Diligence Vendor-04/03/2026
  Resolved-Received full 2nd appraisal.   - Due Diligence Vendor-04/17/2026

LTV is less than guideline maximum - Required is 80 Borrower has 69.11 Required is 80 Borrower has 69.11

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 771 Required is 700 Borrower has 771
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8470867
XXXX XXXX 10224704 C A C A A A A A Closed FCRE9501 2026-04-03 12:03 2026-04-09 11:09 Resolved 1 - Information C A Credit Assets Total Qualified Assets Post-Close is Less than $0 Resolved-EMD provided. - Due Diligence Vendor-04/09/2026
Ready for Review-Document Uploaded. Supporting Documents - Buyer-04/07/2026
Open-Total Qualified Assets Post-Close amount is XXXX.  Assets are Insufficient. Missing satisfactory documentation evidencing sufficient funds to meet minimum closing cost requirements.  Although a copy of borrower's Earnest Money Deposit was provided, the funds were not sourced in that the corresponding account statement for the financial institution funds were drawn from was not found in the lender loan file.  - Due Diligence Vendor-04/03/2026
  Resolved-EMD provided. - Due Diligence Vendor-04/09/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 799

LTV is less than guideline maximum - Required is 80 Borrower has 51.35
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8477248
XXXX XXXX 10224704 C A C A A A A A Closed FCRE1487 2026-04-03 12:03 2026-04-09 11:08 Resolved 1 - Information C A Credit Assets Asset 9 Does Not Meet Guideline Requirements Resolved-Bank statements provided are from January through February and none of the statements show the withdrawal of the funds used in asset #9. - Due Diligence Vendor-04/09/2026

Ready for Review-Document Uploaded. Supporting Documents - Buyer-04/07/2026

Open-Asset 9 Does Not Meet Guideline Requirements Asset No. 9 which is a Verification of Deposit shows an account opened within past 30 days and post dates all other accounts provided, as such it is undetermined if that opening balance was the result of a transfer from one of the accounts provided which would result in a duplication of funds.  Other findings may apply - Due Diligence Vendor-04/03/2026
  Resolved-Bank statements provided are from January through February and none of the statements show the withdrawal of the funds used in asset #9. - Due Diligence Vendor-04/09/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 799

LTV is less than guideline maximum - Required is 80 Borrower has 51.35
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8477246
XXXX XXXX 10224704 C A C A A A A A Closed FCRE1198 2026-04-03 12:16 2026-04-09 11:05 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Audited Reserves of 12.04 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-04/09/2026

Open-Audited Reserves of  month(s) are less than Guideline Required Reserves of 3 month(s) Missing satisfactory documentation evidencing sufficient funds to meet minimum reserve requirement; total assets provided are not sufficiently documented for closing funds which directly impacted available reserves.   Other findings may apply.  - Due Diligence Vendor-04/03/2026
  Resolved-Audited Reserves of 12.04 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-04/09/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 799

LTV is less than guideline maximum - Required is 80 Borrower has 51.35
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8477580
XXXX XXXX 10200471 C A C A A A A A Closed FCRE1440 2026-04-03 16:37 2026-04-15 12:56 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received Mortgage statement and payment history confirming 12 months payments. - Due Diligence Vendor-04/15/2026

Ready for Review-Document Uploaded. Supporting Documents - Buyer-04/13/2026

Open-Housing History Does Not Meet Guideline Requirements 12 months on time mtg history needed for subject property.   - Due Diligence Vendor-04/03/2026
  Resolved-Received Mortgage statement and payment history confirming 12 months payments. - Due Diligence Vendor-04/15/2026

LTV is less than guideline maximum - Required is 70 Borrower has 49.76 Required is 70 Borrower has 49.76

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 782 Required is 700 Borrower has 782
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8483467
XXXX XXXX 10233123 C A C A A A A A Closed FCRE1510 2026-04-08 09:40 2026-04-09 15:21 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-Received Deed of Trust with Legal Description. - Due Diligence Vendor-04/09/2026

Ready for Review-Document Uploaded. Mortgage with full legal uploaded
 - Buyer-04/08/2026

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal discription - Due Diligence Vendor-04/08/2026
  Resolved-Received Deed of Trust with Legal Description. - Due Diligence Vendor-04/09/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 723 Required is 700 Borrower has 723

Months Reserves exceed minimum required - 24 months reserves documented-3 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8547262
XXXX XXXX 10224729 D B D B A A A A Closed FCRE8201 2026-04-06 09:27 2026-06-01 14:34 Waived 2 - Non-Material B B Credit Eligibility Loan does not conform to program guidelines Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-04/08/2026

Open-Elite Access does not allow the use of short term rents-Lender exception in file.  - Due Diligence Vendor-04/06/2026
  Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-04/08/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 804

DSCR % greater than 1.20 - Required is 1 Borrower has 2.405

Months Reserves exceed minimum required - 147 months reserves documented, 3 months required
FICO 804
Reserves 147 months
  ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA Investor Post-Close No 8497858
XXXX XXXX 10224729 D B D B A A A A Closed FCRE0043 2026-04-06 09:21 2026-04-10 15:56 Resolved 1 - Information D A Credit Missing Doc DSCR Calculation Missing Resolved-Received DSCR Calculation - Due Diligence Vendor-04/10/2026

Ready for Review-Document Uploaded. See attached: DSCR Calculation Worksheet
 - Buyer-04/09/2026

Open-The DSCR Calculation from lender is Missing. Lender DSCR calculation is required - Due Diligence Vendor-04/06/2026
  Resolved-Received DSCR Calculation - Due Diligence Vendor-04/10/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 804

DSCR % greater than 1.20 - Required is 1 Borrower has 2.405

Months Reserves exceed minimum required - 147 months reserves documented, 3 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8497744
XXXX XXXX 10210151 C B C B A A A A Closed FCRE0210 2026-08-10 14:24 2026-08-10 14:28 Waived 2 - Non-Material B B Credit Eligibility NJ Prepayment Penalty Entity Loan - LLC/LP/LLP Waived-Per XXXX. Waiver applied to non-material finding. Loan closed in entity name.
 - Due Diligence Vendor-08/10/2026
Open-Per XXXX. Waiver applied to non-material finding. Loan closed in entity name. - Due Diligence Vendor-08/10/2026
  Waived-Per XXXX. Waiver applied to non-material finding. Loan closed in entity name.
 - Due Diligence Vendor-08/10/2026
DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.065 Required is 0.8 Borrower has 1.065

Months Reserves exceed minimum required - Reserves Required 3 and Verified 26
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA Investor Post-Close No 10716036
XXXX XXXX 10224714 C A A A A A C A Closed FPRO1136 2026-04-07 05:05 2026-05-11 13:26 Resolved 1 - Information C A Property Appraisal Subject property appraisal is not on an as-is basis (Primary Value) Resolved-Received 1004d confirming repairs completed. - Due Diligence Vendor-05/11/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-05/08/2026

Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present Appraisal is Subject To and is missing Appraisal Update. - Due Diligence Vendor-04/07/2026
  Resolved-Received 1004d confirming repairs completed. - Due Diligence Vendor-05/11/2026

Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 18.57 months.

Credit history exceeds minimum required - borrower has 4 account with 0x30x39+ months 
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8517056
XXXX XXXX 10224723 C A C A A A A A Closed FCRE1194 2026-04-09 18:11 2026-04-09 23:08 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-After further review, Borrower is not FTI, the 12 month lease was reviewed and is experienced investor- Condition resolved - Due Diligence Vendor-04/10/2026

Open-Audited LTV of 79.6% exceeds Guideline LTV of 75% Max allowed for FT investor is 75% - Due Diligence Vendor-04/09/2026
  Resolved-After further review, Borrower is not FTI, the 12 month lease was reviewed and is experienced investor- Condition resolved - Due Diligence Vendor-04/10/2026

Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 16.87 months.

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 746
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8585494
XXXX XXXX 10224723 C A C A A A A A Closed FCRE0140 2026-04-09 18:13 2026-04-09 23:05 Resolved 1 - Information C A Credit Eligibility DSCR loan does not meet program guidelines Resolved-After further review- 12 month lease was reviewed and borrower is not FTI- condition was resolved - Due Diligence Vendor-04/10/2026

Open-Borrower is a FT home buyer and FT investor which is not permitted.  Borrowers who live rent free at their primary residence are not considered ineligible if they are an Experienced Investor or First Time Investor that owns other REO that meets the 12-month housing history requirement as documented by acceptable mortgage payment history or free and clear ownership. - Due Diligence Vendor-04/09/2026
  Resolved-After further review- 12 month lease was reviewed and borrower is not FTI- condition was resolved - Due Diligence Vendor-04/10/2026

Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 16.87 months.

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 746
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8585512
XXXX XXXX 10233121 D A D A A A A A Closed FCRE1254 2026-04-10 04:49 2026-05-04 15:17 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Received email with title response and mineral lease. - Due Diligence Vendor-05/04/2026

Ready for Review-Document Uploaded. Final title policy - Seller-05/04/2026

Ready for Review-Document Uploaded. Supporting docs - Seller-04/30/2026

Open-Property Title Issue Title reflects oil, gas and mineral rights. Affirmative language confirming that these leases do not provide for any surface rights.  Additional conditions may apply.  - Due Diligence Vendor-04/10/2026
Ready for Review-Document Uploaded. Final title policy - Seller-05/04/2026

 Ready for Review-Document Uploaded. Supporting docs - Seller-04/30/2026

Resolved-Received email with title response and mineral lease. - Due Diligence Vendor-05/04/2026

Long term residence - Borrower owns primary residence for 9 years

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 739
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8588872
XXXX XXXX 10233121 D A D A A A A A Closed FCRE6019 2026-04-09 12:16 2026-05-01 13:54 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-Received back of EAD card - Due Diligence Vendor-05/01/2026

Ready for Review-Document Uploaded. Supporting Document - Seller-04/30/2026

Counter-Received copy of check.  Please provide back copy of EAD card.   - Due Diligence Vendor-04/17/2026

Ready for Review-Document Uploaded. Supporting Document - Seller-04/15/2026

Open-Borrower Citizenship Documentation Is Missing, missing back of non perm card, additional findings may apply.   - Due Diligence Vendor-04/09/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-04/30/2026

 Ready for Review-Document Uploaded. Supporting Document - Seller-04/15/2026

Resolved-Received back of EAD card - Due Diligence Vendor-05/01/2026

Long term residence - Borrower owns primary residence for 9 years

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 739
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8578562
XXXX XXXX 10233121 D A D A A A A A Closed FCRE1198 2026-04-09 11:40 2026-04-29 14:42 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Received  Asset statement. - Due Diligence Vendor-04/29/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-04/28/2026
Counter-Received XXXX statement.  Review considering March statement reflecting lower available.  Finding remains.   - Due Diligence Vendor-04/17/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-04/15/2026
Open-Audited Reserves of 2.66 month(s) are less than Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-04/09/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-04/15/2026

Resolved-Received  Asset statement. - Due Diligence Vendor-04/29/2026

Long term residence - Borrower owns primary residence for 9 years

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 739
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8577739
XXXX XXXX 10256765 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10256768 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10233143 C A C A A A A A Closed FCRE1440 2026-04-13 17:34 2026-04-22 13:44 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received CD confirming new acquisition. - Due Diligence Vendor-04/22/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-04/21/2026
Counter-Received rebuttal new acquisition.  Please provide final CD for XXXX to confirm new acquisition and no housing history.   - Due Diligence Vendor-04/17/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-04/15/2026
Open-Housing History Does Not Meet Guideline Requirements Please provide 12 month morgage history for REO property 3c (XXXX). Final 1003 lists 1st mortgage with XXXX. This mortgage is not reporting in the credit bureau provided. - Due Diligence Vendor-04/13/2026
  Resolved-Received CD confirming new acquisition. - Due Diligence Vendor-04/22/2026

LTV is less than guideline maximum - Required is 75 Borrower has 68.42

Months Reserves exceed minimum required - required 3 months reserves -  provided 115.46 months reserves.
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8634986
XXXX XXXX 10224727 C A C A A A A A Closed FCRE0116 2026-04-13 10:41 2026-04-20 14:31 Resolved 1 - Information C A Credit Eligibility Missing Warrantability Documentation Resolved-Loan Approval indicates Condo Review - Limited Review Est - Due Diligence Vendor-04/20/2026
Counter-Received condo questionnaire and validation not ineligible XXXX project.  Missing UW attestation of condo warranty type.   - Due Diligence Vendor-04/17/2026
Ready for Review-Document Uploaded. Attached are the condo documents + CPM results for this loan - Buyer-04/16/2026
Open-Missing Warrantability Documentation.  UW Attestation and/or documentation clearly stating whether the property is a warrantable or non-warrantable condo must be delivered with the file. - Due Diligence Vendor-04/13/2026
  Resolved-Loan Approval indicates Condo Review - Limited Review Est - Due Diligence Vendor-04/20/2026

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.453 Required is 0.8 Borrower has 1.453

LTV is less than guideline maximum - Required is 75 Borrower has 50

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 780
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8622516
XXXX XXXX 10256785 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10256797 C A C A A A A A Closed FCRE1498 2026-04-15 15:51 2026-04-17 14:46 Resolved 1 - Information C A Credit Eligibility Borrower Rental Experience Insufficient per Guidelines (DSCR) Resolved-Received confirmation new lease amount acceptable with receipt of 1st months rent and security deposit.   - Due Diligence Vendor-04/17/2026

Ready for Review-Document Uploaded. Exception approval attached - Buyer-04/16/2026

Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Lender used higher higher lease amount to qualify DSCR however 3 months verified not provided; bank statements only confirm two months receipt. - Due Diligence Vendor-04/15/2026
  Resolved-Received confirmation new lease amount acceptable with receipt of 1st months rent and security deposit.   - Due Diligence Vendor-04/17/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 727

Months Reserves exceed minimum required - 27 months PITIA reserves; 3 months reserves required

LTV is less than guideline maximum - Required is 75 Borrower has 69.25
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8686803
XXXX XXXX 10256772 C A C A A A A A Closed FCRE1510 2026-04-14 14:16 2026-04-17 14:40 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-04/17/2026

Ready for Review-Document Uploaded. DOT with legal attached - Buyer-04/16/2026

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. missing legal description attached to mortgage chain - Due Diligence Vendor-04/14/2026
  Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-04/17/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 733

Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 94.86 months.
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8658884
XXXX XXXX 10233148 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10256790 D B D B A A A A Closed FCRE0210 2026-08-10 15:12 2026-08-10 15:12 Waived 2 - Non-Material B B Credit Eligibility NJ Prepayment Penalty Entity Loan - LLC/LP/LLP Waived-Per XXXX. Waiver applied to non-material finding. Loan closed in entity name.
 - Due Diligence Vendor-08/10/2026
Open-Per XXXX.
 - Due Diligence Vendor-08/10/2026
  Waived-Per XXXX. Waiver applied to non-material finding. Loan closed in entity name.
 - Due Diligence Vendor-08/10/2026
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 720 Required is 700 Borrower has 720

Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 108.98 months.
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other Investor Post-Close No 10717320
XXXX XXXX 10256790 D B D B A A A A Closed FCRE0043 2026-04-15 12:40 2026-04-24 12:45 Resolved 1 - Information D A Credit Missing Doc DSCR Calculation Missing Resolved-Received 1008 with calculation - Due Diligence Vendor-04/24/2026

Ready for Review-Document Uploaded. DSCR calculations pg 2 - Buyer-04/22/2026

Counter-Received 1008 with noted DSCR however the calculation is not given. Please provide the DSCR calculation - Due Diligence Vendor-04/17/2026

Ready for Review-Document Uploaded. 1008 and it has the DSR calculation at the bottom of the form.
 - Buyer-04/16/2026

Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-04/15/2026
  Resolved-Received 1008 with calculation - Due Diligence Vendor-04/24/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 720 Required is 700 Borrower has 720

Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 108.98 months.
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8682494
XXXX XXXX 10256790 D B D B A A A A Closed FCRE0070 2026-04-15 12:42 2026-04-17 14:33 Resolved 1 - Information D A Credit Missing Doc Approval/Underwriting Summary Not Provided (3) Resolved-Received UW 1008 - Due Diligence Vendor-04/17/2026

Ready for Review-Document Uploaded. 1008 and it has the DSR calculation at the bottom of the form.
 - Buyer-04/16/2026

Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-04/15/2026
  Resolved-Received UW 1008 - Due Diligence Vendor-04/17/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 720 Required is 700 Borrower has 720

Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 108.98 months.
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8682526
XXXX XXXX 10256781 D B D B A A A A Closed FCRE0210 2026-08-10 15:27 2026-08-10 15:28 Waived 2 - Non-Material B B Credit Eligibility NJ Prepayment Penalty Entity Loan - LLC/LP/LLP Waived-Waiver applied to non-material finding. Loan closed in entity name.
 - Due Diligence Vendor-08/10/2026
Open-Per XXXX
 - Due Diligence Vendor-08/10/2026
  Waived-Waiver applied to non-material finding. Loan closed in entity name.
 - Due Diligence Vendor-08/10/2026

Credit history exceeds minimum required - Primary mortgage has 68 months reporting 0x30

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 809

Months Reserves exceed minimum required - Reserves: 15 Min 12 
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA Investor Post-Close No 10717715
XXXX XXXX 10256781 D B D B A A A A Closed FCRE1479 2026-04-15 17:31 2026-04-22 13:40 Resolved 1 - Information C A Credit Assets Asset 1 Does Not Meet Guideline Requirements Resolved-Received CPA letter confirming ownership of business assets.   - Due Diligence Vendor-04/22/2026

Ready for Review-Document Uploaded. CPA letter addressing biz funds Its attached and was cleared by uw - Buyer-04/21/2026

Open-Asset Record 1 Does Not Meet G/L Requirements Missing corporate documents for the business account provided, including but not limited to confirmation of unrestricted use of funds for subject transaction. Other findings may apply.  - Due Diligence Vendor-04/15/2026
  Resolved-Received CPA letter confirming ownership of business assets.   - Due Diligence Vendor-04/22/2026

Credit history exceeds minimum required - Primary mortgage has 68 months reporting 0x30

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 809

Months Reserves exceed minimum required - Reserves: 15 Min 12 
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8692251
XXXX XXXX 10256781 D B D B A A A A Closed FCRE0043 2026-04-15 17:43 2026-04-22 13:35 Resolved 1 - Information D A Credit Missing Doc DSCR Calculation Missing Resolved-Received DSCR calculation - Due Diligence Vendor-04/22/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-04/21/2026

Open-The DSCR Calculation from lender is Missing. Missing lender's DSCR Calculation Worksheet or 1008 showing calculation. - Due Diligence Vendor-04/15/2026
  Resolved-Received DSCR calculation - Due Diligence Vendor-04/22/2026

Credit history exceeds minimum required - Primary mortgage has 68 months reporting 0x30

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 809

Months Reserves exceed minimum required - Reserves: 15 Min 12 
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8692459
XXXX XXXX 1053252982 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10256770 D A D A A A A A Closed FCRE8224 2026-04-15 20:37 2026-04-24 10:44 Resolved 1 - Information D A Credit Missing Doc Missing Operating Agreement Resolved-After further review, the Articles of organization and the EIN both confirm single member entity. - Due Diligence Vendor-04/24/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-04/20/2026
Open-Missing Operating Agreement for XXXX.  - Due Diligence Vendor-04/16/2026
  Resolved-After further review, the Articles of organization and the EIN both confirm single member entity. - Due Diligence Vendor-04/24/2026

Months Reserves exceed minimum required - Reserves: 126 Min 3

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 790
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8694258
XXXX XXXX 10256770 D A D A A A A A Closed FCRE1158 2026-04-15 20:16 2026-04-22 13:13 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-Received HOI policy reflecting premium - Due Diligence Vendor-04/22/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-04/21/2026

Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Missing annual premium for subject property dwelling coverage.  - Due Diligence Vendor-04/16/2026
  Resolved-Received HOI policy reflecting premium - Due Diligence Vendor-04/22/2026

Months Reserves exceed minimum required - Reserves: 126 Min 3

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 790
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8694184
XXXX XXXX 10262968 C B C B A A A A Closed FCRE0157 2026-04-16 09:42 2026-05-01 11:14 Waived 2 - Non-Material C B Credit Eligibility Loan does not meet guideline requirements for loans listed for sale Waived-Client Exception granted and in file, waiver applied with comp factors
  - Due Diligence Vendor-04/17/2026
Open-Loan does not meet guideline requirements for loans listed for sale.  Per appraisal subject was listed for sale within 30 days (25) of application date.  Exception Request approved by XXXX. - Due Diligence Vendor-04/16/2026
  Waived-Client Exception granted and in file, waiver applied with comp factors
  - Due Diligence Vendor-04/17/2026

Months Reserves exceed minimum required - Reserves: 5.21 Min 3

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 735
 Lender cited the following compensating factors: FICO, DSCR, Reserves, Credit History.   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated Investor Post-Close No 8704263
XXXX XXXX 10262968 C B C B A A A A Closed FCRE1509 2026-04-16 06:40 2026-05-01 11:13 Waived 2 - Non-Material C B Credit Closing Issues exist on the Note Document Waived-Client waiver applied to non-material finding with compensating factors.  Exception for a layered entity. - Due Diligence Vendor-05/01/2026
Ready for Review-Document Uploaded. Approval email - Buyer-05/01/2026
Counter-Received duplicate Exception request form. Document labelled as email is a duplicate request form only.   Missing Approval Email. - Due Diligence Vendor-04/29/2026
Ready for Review-Document Uploaded. 1. exception request
2. exception approval email - Buyer-04/27/2026
Open-There are Issues Present on the Note that must be addressed. Loan does not meet guideline parameters in that subject is owned by a layered LLC: Loan closed in the name of XXXX . Exception request & approval not found for this issue.  - Due Diligence Vendor-04/16/2026
  Waived-Client waiver applied to non-material finding with compensating factors.  Exception for a layered entity. - Due Diligence Vendor-05/01/2026

Months Reserves exceed minimum required - Reserves: 5.21 Min 3

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 735
789 fico
5.21 months of reserves, 3 months required.
XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated Investor Post-Close No 8701166
XXXX XXXX 10262968 C B C B A A A A Closed FCRE1151 2026-04-16 09:03 2026-04-24 13:47 Resolved 1 - Information C A Credit Title Satisfactory Chain of Title not Provided Resolved-Received Satisfactory Chain of Title - Due Diligence Vendor-04/24/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-04/22/2026
Open-Unsatisfactory Chain of Title provided. Missing required 24 Month Chain of Title. Although XXXX acquisition date is referenced within the Legal Description, a full 24 month chain of title has not been provided. - Due Diligence Vendor-04/16/2026
  Resolved-Received Satisfactory Chain of Title - Due Diligence Vendor-04/24/2026

Months Reserves exceed minimum required - Reserves: 5.21 Min 3

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 735
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 8703210
XXXX XXXX 10262989 D A D A A A A A Closed FCRE1201 2026-04-17 20:06 2026-04-30 13:58 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received Fraud Report. - Due Diligence Vendor-04/30/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-04/29/2026

Open-Missing Third Party Fraud Report Missing required fraud report reflecting all high alerts have been cleared, with satisfactory scores. Additional conditions may apply, pending review. - Due Diligence Vendor-04/18/2026
  Resolved-Received Fraud Report. - Due Diligence Vendor-04/30/2026

Months Reserves exceed minimum required - Reserves: 16 Min 3

On time mortgage history exceeds guideline requirement - Mortgages on credit have 25-43 months reporting 0x30
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8750223
XXXX XXXX 10233119 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10262983 C A C A A A C A Closed FPRO1257 2026-04-21 09:04 2026-04-29 15:24 Resolved 1 - Information C A Property Value Primary Property Value is not Substantiated Resolved-Received Desk Review supporting the appraised value. - Due Diligence Vendor-04/29/2026

Ready for Review-Document Uploaded. CDA - Buyer-04/28/2026

Open-The Primary Property Value is unsubstantiated.  Additional valuation product is required. Desk review in the file is dated prior to the appraisal. Provide additional review product dated after the appraisal.  - Due Diligence Vendor-04/21/2026
  Resolved-Received Desk Review supporting the appraised value. - Due Diligence Vendor-04/29/2026

Long term residence - Borrower has owned subject property since XXXX
Months Reserves exceed minimum required - We have 22.58 months of reserves left after 3 months deducted.
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 712 Required is 680 Borrower has 712
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 8793016
XXXX XXXX 10262983 C A C A A A C A Closed FCRE1440 2026-04-21 08:14 2026-04-24 12:37 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received pay history - Jan-Feb-Mar payments on time - 0x30x12 - Due Diligence Vendor-04/24/2026

Ready for Review-Document Uploaded. see pages 3-8 - Buyer-04/22/2026

Open-Housing History Does Not Meet Guideline Requirements Need updated mortgage statements for January, February and March showing primary home mortgage has been paid as agreed.  (Last credit supplement in file shows mortgage is due for January payment).  - Due Diligence Vendor-04/21/2026
  Resolved-Received pay history - Jan-Feb-Mar payments on time - 0x30x12 - Due Diligence Vendor-04/24/2026

Long term residence - Borrower has owned subject property since XXXX
Months Reserves exceed minimum required - We have 22.58 months of reserves left after 3 months deducted.
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 712 Required is 680 Borrower has 712
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 8791927
XXXX XXXX 10262983 C A C A A A C A Closed FCRE1181 2026-04-21 07:18 2026-04-24 12:36 Resolved 1 - Information C A Credit Insurance Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed Resolved-Flood Notice signed by Borrower - 12/15/2025 - Due Diligence Vendor-04/24/2026

Ready for Review-Document Uploaded. Disclosure Flood - Buyer-04/22/2026

Open-Subject Property is in Flood Zone AE but Notice of Special Flood Hazard Disclosure was not provided Flood Notification in a Special Flood Hazard Disclosure is required to be fully executed.  - Due Diligence Vendor-04/21/2026
  Resolved-Flood Notice signed by Borrower - 12/15/2025 - Due Diligence Vendor-04/24/2026

Long term residence - Borrower has owned subject property since XXXX
Months Reserves exceed minimum required - We have 22.58 months of reserves left after 3 months deducted.
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 712 Required is 680 Borrower has 712
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 8790946
XXXX XXXX 10233151 C A C A A A A A Closed FCRE0116 2026-04-21 16:14 2026-05-11 11:07 Resolved 1 - Information C A Credit Eligibility Missing Warrantability Documentation Resolved-Received Warrantability Form. - Due Diligence Vendor-05/11/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-05/07/2026

Open-Missing Warrantability Documentation.  Provide condo warrantability documentation - Due Diligence Vendor-04/21/2026
  Resolved-Received Warrantability Form. - Due Diligence Vendor-05/11/2026

LTV is less than guideline maximum - Required is 75 Borrower has 70

Months Reserves exceed minimum required - Min 3, actual 83
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8804381
XXXX XXXX 10233151 C A C A A A A A Closed FCRE9996 2026-04-22 09:25 2026-05-11 11:02 Resolved 1 - Information C A Credit Eligibility Condo does not meet requirements Resolved-Received Questionnaire confirming HOA transferred to unit owners.  - Due Diligence Vendor-05/11/2026

Ready for Review-Document Uploaded. Supporting Documents - Buyer-05/07/2026

Open-Provide master agreement indicating when the unit owners will take control of HOA.  Guide: The developer may be in control of the condominium association provided the Master Agreement provides for the homeowners to take control upon either a
predetermined percentage of unit sales or within a defined time period.  Subject to additional conditions. - Due Diligence Vendor-04/22/2026
  Resolved-Received Questionnaire confirming HOA transferred to unit owners.  - Due Diligence Vendor-05/11/2026

LTV is less than guideline maximum - Required is 75 Borrower has 70

Months Reserves exceed minimum required - Min 3, actual 83
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8816491
XXXX XXXX 10220341 D A D A D A A A Closed FCRE1440 2026-04-22 11:07 2026-05-01 12:57 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received email from landlord confirm year typo on VOR. - Due Diligence Vendor-05/01/2026
Ready for Review-Document Uploaded.  - Seller-04/30/2026
Open-Housing History Does Not Meet Guideline Requirements VOR in file is from XXXX - has incorrect dates, will need to be corrected  - Due Diligence Vendor-04/22/2026
Ready for Review-Document Uploaded.  - Seller-04/30/2026

Resolved-Received email from landlord confirm year typo on VOR. - Due Diligence Vendor-05/01/2026

LTV is less than guideline maximum - Required is 80 Borrower has 68.06

DSCR =/> 1.00 and minimum is 0.85 or Less - . Required is 0.8 Borrower has 1.097

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 726
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8818824
XXXX XXXX 10220341 D A D A D A A A Closed FCRE0053 2026-04-28 12:36 2026-04-28 12:36 Resolved 1 - Information D A Credit Missing Doc Rider Missing based on Property Type selected Resolved-Received Assignment of Rents Rider. - Due Diligence Vendor-04/28/2026

Open-Missing 1-4 family Rider. - Due Diligence Vendor-04/28/2026
  Resolved-Received Assignment of Rents Rider. - Due Diligence Vendor-04/28/2026

LTV is less than guideline maximum - Required is 80 Borrower has 68.06

DSCR =/> 1.00 and minimum is 0.85 or Less - . Required is 0.8 Borrower has 1.097

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 726
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8923595
XXXX XXXX 10220341 D A D A D A A A Closed FCOM4028 2026-04-21 09:11 2026-04-28 12:34 Resolved 1 - Information D A Compliance Missing Doc Missing evidence Mortgage/Deed of Trust will be recorded Resolved-Received Evidence of Mortgage Recording. Finding Resolved. - Due Diligence Vendor-04/27/2026

Ready for Review-Document Uploaded.  - Seller-04/23/2026

Open-Missing evidence of Mortgage recording Missing the executed DOT/Mortgage - Due Diligence Vendor-04/21/2026
Ready for Review-Document Uploaded.  - Seller-04/23/2026

Resolved-Received Evidence of Mortgage Recording. Finding Resolved. - Due Diligence Vendor-04/27/2026

LTV is less than guideline maximum - Required is 80 Borrower has 68.06

DSCR =/> 1.00 and minimum is 0.85 or Less - . Required is 0.8 Borrower has 1.097

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 726
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8793253
XXXX XXXX 10220341 D A D A D A A A Closed FCOM1220 2026-04-22 09:32 2026-04-28 12:34 Resolved 1 - Information D A Credit Missing Doc The Deed of Trust is Missing Resolved-The Deed of Trust is Present - Due Diligence Vendor-04/27/2026

Open-The Deed of Trust is Missing missing DOT/mortgage  - Due Diligence Vendor-04/22/2026
  Resolved-The Deed of Trust is Present - Due Diligence Vendor-04/27/2026

LTV is less than guideline maximum - Required is 80 Borrower has 68.06

DSCR =/> 1.00 and minimum is 0.85 or Less - . Required is 0.8 Borrower has 1.097

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 726
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8816623
XXXX XXXX 10262964 D A D A A A A A Closed FCOM1352 2026-04-24 14:25 2026-04-24 16:12 Resolved 1 - Information D A Credit Missing Doc - Credit Business Purpose Affidavit/Disclosure Missing Resolved-Received Business Purpose Affidavit Disclosure - Due Diligence Vendor-04/24/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-04/24/2026

Open-The Business Purpose Affidavit Disclosure is Missing Missing Business purpose affidavit - Due Diligence Vendor-04/24/2026
  Resolved-Received Business Purpose Affidavit Disclosure - Due Diligence Vendor-04/24/2026

Months Reserves exceed minimum required - Reserves: 8.28 Min 3

DSCR % greater than 1.20 - DSCR: 1.50 Min 1.0
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8873072
XXXX XXXX 10233116 C A C A A A A A Closed FCRE0179 2026-04-22 13:33 2026-04-27 13:28 Resolved 1 - Information C A Credit Eligibility UW Attestation/Docs stating warrantability are missing Resolved-Received lender Attestation and cpm - Due Diligence Vendor-04/27/2026

Ready for Review-Document Uploaded. Supporting Documents - Buyer-04/23/2026

Open-Provide uw attestation documentation stating warrantability.  Certification eligibility questions/certified by lender is not acceptable.  - Due Diligence Vendor-04/22/2026
  Resolved-Received lender Attestation and cpm - Due Diligence Vendor-04/27/2026

Months Reserves exceed minimum required - Reserves: 51 Min 3 (net proceeds)

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 724
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8822365
XXXX XXXX 10233116 C A C A A A A A Closed FCRE0140 2026-04-24 14:28 2026-04-27 13:28 Resolved 1 - Information C A Credit Eligibility DSCR loan does not meet program guidelines Resolved-Received DSCR calculation. - Due Diligence Vendor-04/27/2026

Open-Missing satisfactory documentation supporting borrower's rental terms with tenant and receipt of rent per agreement.  Borrower provided a lease for $1850 per month; however, lender used $2016 per month but there is no current lease renewal signed by tenant to support.  A transaction history for rent receipts does not have any account owner provided, unable to determine to whom rent was paid to without a corresponding full statement.  Transaction history is missing critical information linking account to borrower. Other findings may apply as this directly impacts DSCR Calculation and loan qualification.  - Due Diligence Vendor-04/24/2026
  Resolved-Received DSCR calculation. - Due Diligence Vendor-04/27/2026

Months Reserves exceed minimum required - Reserves: 51 Min 3 (net proceeds)

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 724
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8873130
XXXX XXXX 10262966 D A D A A A A A Closed FCRE8887 2026-04-24 08:24 2026-04-29 17:30 Resolved 1 - Information D A Credit Missing Doc Missing or Incomplete 1003 Resolved-Received complete loan application.   - Due Diligence Vendor-04/29/2026

Ready for Review-Document Uploaded. Full loan app - Buyer-04/28/2026

Counter-Received Rental Loan Appl however missing final 1003 as noted in initial finding. - Due Diligence Vendor-04/28/2026

Ready for Review-Document Uploaded. Full App - Buyer-04/24/2026

Open-Missing borrower's loan application inclusive of a schedule of all real estate owned reflecting their respective creditors as applicable. - Due Diligence Vendor-04/24/2026
  Resolved-Received complete loan application.   - Due Diligence Vendor-04/29/2026

Months Reserves exceed minimum required - Reserves: 113 Min 3

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 731
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8862350
XXXX XXXX 10262966 D A D A A A A A Closed FCRE0700 2026-04-23 13:22 2026-04-28 10:34 Resolved 1 - Information D A Credit Missing Doc Closing Detail Statement Document is Missing Resolved-Received corrected settlement statement - Due Diligence Vendor-04/28/2026

Ready for Review-Document Uploaded. Corrected HUD statement - Buyer-04/28/2026

Open-Closing Detail Statement Document is Missing and subject property is an Investment property. Settlement statement reflects lender taking escrows for mortgage insurance on a loan with a 70% LTV.  Reviewing lender Loan Detail Report ("1008) the mis-labeled figure is actually taxes and mis-identified on HUD - Due Diligence Vendor-04/23/2026
  Resolved-Received corrected settlement statement - Due Diligence Vendor-04/28/2026

Months Reserves exceed minimum required - Reserves: 113 Min 3

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 731
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8845907
XXXX XXXX 10262967 D A D A A A A A Closed FCRE8887 2026-04-23 16:32 2026-05-08 12:22 Resolved 1 - Information D A Credit Missing Doc Missing or Incomplete 1003 Resolved-Received application reflecting non perm res.  - Due Diligence Vendor-05/08/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-05/06/2026
Counter-Application provided states Perm Resident, however borrower is a non-perm Resident.  Finding remains. - Due Diligence Vendor-04/29/2026
Ready for Review-Document Uploaded. Prem residency status - Buyer-04/28/2026
Counter-Document provided does not reflect Citizenship as Non Permanent Resident. It only shows that borrower is not a Citizen. Please provide page 1 of 1003 with corrected Citizenship, see initial 1003 in upload - Due Diligence Vendor-04/28/2026
Ready for Review-Document Uploaded. Full loan app - Buyer-04/24/2026
Open-Missing residency information. The 1003 is incorrect and it states borrower is  Permanent Resident; which conflicts with documentation provided which confirms Non-Permanent Resident Alien, Citizen of XXXX per Passport and in the XXXX on a XXXX. - Due Diligence Vendor-04/23/2026
  Resolved-Received application reflecting non perm res.  - Due Diligence Vendor-05/08/2026

Months Reserves exceed minimum required - Reserves: 427 Min 3


Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 731
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8850229
XXXX XXXX 10256782 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10262972 D A D A A A A A Closed FCRE1254 2026-04-23 09:03 2026-05-11 13:21 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Received mtg discharge for cross collateral and VOM mirrors original loan amount. - Due Diligence Vendor-05/11/2026
Ready for Review-Document Uploaded. Supporting Documents - Buyer-05/08/2026
Counter-Received duplicate Title that document a lien of XXXX pg six of upload to this finding.   Please provide evidence noted lien has been satisfied.  Additional conditions may apply.  - Due Diligence Vendor-05/01/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-05/01/2026
Open-Property Title Issue Need clarification on lien paid off as title commitment reflects on Schedule B - Part I - XXXX - this lien amount (XXXX) appears to be incorrect (appears lien amount transposed from XXXX. VOM from lienholder reflects the original mortgage amount as XXXX which isequal to the payoff amount provided. Please provide evidence that XXXX has been paid off and satisfied and Schedule B corrected to match lien amount. If Schedule B lien amount is
deemed to be correct then a VOM with the corrected original mortgage amount. Upon receipt additional conditions may apply.  - Due Diligence Vendor-04/23/2026
  Resolved-Received mtg discharge for cross collateral and VOM mirrors original loan amount. - Due Diligence Vendor-05/11/2026

LTV is less than guideline maximum - Required is 75 Borrower has 70

Months Reserves exceed minimum required - Has 29.78 months of reserves after deducting 3 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8839131
XXXX XXXX 10262972 D A D A A A A A Closed FCRE1201 2026-04-23 09:31 2026-05-01 13:47 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received Third Party Fraud Report - Due Diligence Vendor-05/01/2026
Ready for Review-Document Uploaded. Supporting Documents - Buyer-04/30/2026
Counter-Received Fraud Report. Not all parties to transaction included.   Borrower XXXX, Title Company, Appraisal Company.   - Due Diligence Vendor-04/27/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-04/24/2026
Open-Missing Third Party Fraud Report Missing Third Party Fraud report including OFAC and applicable watch list results. - Due Diligence Vendor-04/23/2026
  Resolved-Received Third Party Fraud Report - Due Diligence Vendor-05/01/2026

LTV is less than guideline maximum - Required is 75 Borrower has 70

Months Reserves exceed minimum required - Has 29.78 months of reserves after deducting 3 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8839882
XXXX XXXX 10256792 C B C B A A A A Closed FCRE0210 2026-08-10 15:18 2026-08-10 15:20 Waived 2 - Non-Material B B Credit Eligibility NJ Prepayment Penalty Entity Loan - LLC/LP/LLP Waived-Per XXXX. Waiver applied to non-material finding. Loan closed in entity name.
 - Due Diligence Vendor-08/10/2026
Open-Per XXXX.
 - Due Diligence Vendor-08/10/2026
  Waived-Per XXXX. Waiver applied to non-material finding. Loan closed in entity name.
 - Due Diligence Vendor-08/10/2026
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 802

LTV is less than guideline maximum - Required is 75 Borrower has 57.93
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other Investor Post-Close No 10717472
XXXX XXXX 10268897 D A D A A A A A Closed FCOM1352 2026-04-23 14:43 2026-05-01 12:38 Resolved 1 - Information D A Credit Missing Doc - Credit Business Purpose Affidavit/Disclosure Missing Resolved-Received Business Purpose Affidavit - Due Diligence Vendor-05/01/2026

Ready for Review-Document Uploaded. Supporting Documents - Buyer-04/30/2026

Open-The Business Purpose Affidavit Disclosure is Missing - Due Diligence Vendor-04/23/2026
  Resolved-Received Business Purpose Affidavit - Due Diligence Vendor-05/01/2026

Long term residence - Borrower has been at current residence for 18+ years.

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.04 Required is 0.8 Borrower has 1.04
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8847591
XXXX XXXX 10262947 D A D A A A A A Closed FCRE0970 2026-04-27 13:33 2026-04-29 14:16 Resolved 1 - Information C A Credit Eligibility Appraisal has issues (credit) Resolved-Received CD with disbursement date of XXXX.  - Due Diligence Vendor-04/29/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-04/27/2026
Open- Missing Secondary Valuation that occurred prior to closing.  Note dated XXXX per Closing Disclosure.  XXXX. Other findings may apply.  - Due Diligence Vendor-04/27/2026
  Resolved-Received CD with disbursement date of XXXX.  - Due Diligence Vendor-04/29/2026
Months Reserves exceed minimum required - Reserves: 22 Min 3

LTV is less than guideline maximum - Required is 80 Borrower has 62.35

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 733
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 8898693
XXXX XXXX 10262947 D A D A A A A A Closed FCRE0043 2026-04-27 13:10 2026-04-29 14:11 Resolved 1 - Information D A Credit Missing Doc DSCR Calculation Missing Resolved-DSCR Calculation was located.  - Due Diligence Vendor-04/29/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-04/27/2026

Open-The DSCR Calculation from lender is Missing. Missing lender's DSCR Calculation Worksheet or 1008 showing calculation. - Due Diligence Vendor-04/27/2026
  Resolved-DSCR Calculation was located.  - Due Diligence Vendor-04/29/2026

Months Reserves exceed minimum required - Reserves: 22 Min 3

LTV is less than guideline maximum - Required is 80 Borrower has 62.35

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 733
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 8898000
XXXX XXXX 10262953 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10262981 C A C A A A A A Closed FCRE1440 2026-04-28 17:01 2026-04-29 16:56 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-After further review, the loan file contains a rent free letter. - Due Diligence Vendor-04/29/2026

Open-Housing History Does Not Meet Guideline Requirements Please provide evidence of borrower's primary housing situation. Final 1003 reflects the borrower has been at his current primary residence for over 7 years with no primary housing expense. Provide proof of F/C ownership of this property with verification of tax and insurance amounts. If borrower is living rent free and has no ownership interest in the primary residence please provide "rent free" letter from the property owner confirming rent free status. - Due Diligence Vendor-04/28/2026
  Resolved-After further review, the loan file contains a rent free letter. - Due Diligence Vendor-04/29/2026

Months Reserves exceed minimum required - Reserves: 23 Min 3

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 772
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8931827
XXXX XXXX 10262992 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10233111 D B D B A A A A Closed FCRE0157 2026-04-28 23:44 2026-05-04 09:11 Waived 2 - Non-Material C B Credit Eligibility Loan does not meet guideline requirements for loans listed for sale Waived-Client waiver applied to non-material finding with compensating factors.  Exception for property listed for sale, - Due Diligence Vendor-05/04/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-05/01/2026

Counter-Received Exception Form.  Missing Approval email.  - Due Diligence Vendor-04/30/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-04/29/2026

Open-Lender exception to allow subject listed for sale less than 30 days from application date on a cash-out refinance. Although the Investor's approval email was provided noting the exception was allowed, the formal exception form (along with any applicable compensating factors) was not provided. It should be noted that correspondence from the Trustee of the property indicates that an individual with partial interest in the property, who is not a party to the loan, listed the property for sale without authority or authorization and the listing was removed by the Trustee upon discovering the property had been listed. - Due Diligence Vendor-04/29/2026
  Waived-Client waiver applied to non-material finding with compensating factors.  Exception for property listed for sale, - Due Diligence Vendor-05/04/2026

Qualifying FICO score is at least 20 points above minimum for program -  Required is 700 Borrower has 728

LTV is less than guideline maximum -  Required is 75 Borrower has 65

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.12 Required is 0.8 Borrower has 1.12
728 fico
1.12 DSCR
58 months of reserves
65% LTV
XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other Investor Post-Close No 8935839
XXXX XXXX 10233111 D B D B A A A A Closed FCRE1157 2026-04-28 11:54 2026-05-04 09:10 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Missing Resolved-HOI and paid receipt provided. - Due Diligence Vendor-05/04/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-05/01/2026
Counter-Received letter from lender indicating premium changed to XXXX and CD.  Missing Declaration to document policy terms.   - Due Diligence Vendor-04/30/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-04/29/2026
Open-Missing Hazard Insurance Policy. Additional conditions may apply. - Due Diligence Vendor-04/28/2026
  Resolved-HOI and paid receipt provided. - Due Diligence Vendor-05/04/2026

Qualifying FICO score is at least 20 points above minimum for program -  Required is 700 Borrower has 728

LTV is less than guideline maximum -  Required is 75 Borrower has 65

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.12 Required is 0.8 Borrower has 1.12
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 8922658
XXXX XXXX 10268887 D A D A A A A A Closed FCRE6019 2026-04-29 10:33 2026-05-21 16:04 Resolved 1 - Information D A Credit Missing Doc Citizenship Documentation Not Provided Resolved-Received XXXX - Due Diligence Vendor-05/21/2026
Ready for Review-Document Uploaded. Supporting Documents - Buyer-05/20/2026
Counter-Received front copy of XXXX.  Please address original finding.   - Due Diligence Vendor-05/07/2026
Ready for Review-Document Uploaded. Supporting Documents - Seller-05/06/2026
Open-Borrower Citizenship Documentation Is Missing Co-borrower to provide copy of Permanent Resident Alien Card (front and back), copy of driver's license with current address and utility bill showing current address (to meet first time investor requirements).
Borrower to provide copy of driver's license with current address and utility bill showing current address. - Due Diligence Vendor-04/29/2026
Ready for Review-Document Uploaded. Supporting Documents - Seller-05/06/2026

Resolved-Received XXXX - Due Diligence Vendor-05/21/2026
Months Reserves exceed minimum required - We have reserves of 42.33 months remaining after deducting 12 months.

On time mortgage history exceeds guideline requirement - Both borrower have lived a residences for more than 12 months.  Borrower has lived a current property 24 months and co-borrower 1 yr 4 months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8947288
XXXX XXXX 10268887 D A D A A A A A Closed FCRE8013 2026-04-29 15:08 2026-05-21 16:01 Resolved 1 - Information C A Credit Eligibility Purchase Contract Issue Resolved-Received Addendum to Purchase Contract - Due Diligence Vendor-05/21/2026

Ready for Review-Document Uploaded. Supporting Document - Seller-05/20/2026

Counter-Received duplicate contract.  Document provided does not add co borrower to transaction.  - Due Diligence Vendor-05/04/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-04/30/2026

Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Need fully executed addendum to sales contract for both sales contracts adding co-borrower to transaction.  - Due Diligence Vendor-04/29/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-05/20/2026

Resolved-Received Addendum to Purchase Contract - Due Diligence Vendor-05/21/2026

Months Reserves exceed minimum required - We have reserves of 42.33 months remaining after deducting 12 months.

On time mortgage history exceeds guideline requirement - Both borrower have lived a residences for more than 12 months.  Borrower has lived a current property 24 months and co-borrower 1 yr 4 months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8956805
XXXX XXXX 10268887 D A D A A A A A Closed FCRE8702 2026-04-29 12:43 2026-05-21 16:00 Resolved 1 - Information C A Credit Borrower Business Entity Formation Document is Incomplete Resolved-Received Op Agreement - 50/50 members - Due Diligence Vendor-05/21/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-05/20/2026

Open-The Business Entity Formation Document is incomplete Need fully executed Operating Agreement for Business Entity that loan closed under.   - Due Diligence Vendor-04/29/2026
  Resolved-Received Op Agreement - 50/50 members - Due Diligence Vendor-05/21/2026

Months Reserves exceed minimum required - We have reserves of 42.33 months remaining after deducting 12 months.

On time mortgage history exceeds guideline requirement - Both borrower have lived a residences for more than 12 months.  Borrower has lived a current property 24 months and co-borrower 1 yr 4 months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8952645
XXXX XXXX 10268887 D A D A A A A A Closed FCRE0197 2026-04-29 14:48 2026-05-06 13:39 Resolved 1 - Information C A Credit Eligibility The Final SELLER CD/HUD is missing Resolved-Received Final CD. - Due Diligence Vendor-05/06/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-05/04/2026

Open-The Final SELLER CD/HUD is missing.  Missing fully executed final CD from Seller for transaction  - Due Diligence Vendor-04/29/2026
  Resolved-Received Final CD. - Due Diligence Vendor-05/06/2026

Months Reserves exceed minimum required - We have reserves of 42.33 months remaining after deducting 12 months.

On time mortgage history exceeds guideline requirement - Both borrower have lived a residences for more than 12 months.  Borrower has lived a current property 24 months and co-borrower 1 yr 4 months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8956294
XXXX XXXX 10268887 D A D A A A A A Closed FCRE0196 2026-04-29 14:48 2026-05-06 13:39 Resolved 1 - Information C A Credit Eligibility Payoff(s) on the CD/HUD are not reported on Title Report Resolved-Received Final CD. - Due Diligence Vendor-05/06/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-05/04/2026

Open-Payoff(s) on the CD/HUD are not reported on Title Report.  Need to verify if any liens or mortgages were paid off at closing.  - Due Diligence Vendor-04/29/2026
  Resolved-Received Final CD. - Due Diligence Vendor-05/06/2026

Months Reserves exceed minimum required - We have reserves of 42.33 months remaining after deducting 12 months.

On time mortgage history exceeds guideline requirement - Both borrower have lived a residences for more than 12 months.  Borrower has lived a current property 24 months and co-borrower 1 yr 4 months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8956295
XXXX XXXX 10268887 D A D A A A A A Closed FCRE1152 2026-04-29 12:52 2026-05-04 12:58 Resolved 1 - Information D A Credit Missing Doc Evidence of Property Tax Missing Resolved-Evidence of Property Tax is present - Due Diligence Vendor-05/04/2026

Ready for Review-Document Uploaded. Supporting Document - Seller-04/30/2026

Open-Missing Evidence of Property Tax Missing evidence from title company of tax information that matches to monthly tax amount on payment letter.  - Due Diligence Vendor-04/29/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-04/30/2026

Resolved-Evidence of Property Tax is present - Due Diligence Vendor-05/04/2026

Months Reserves exceed minimum required - We have reserves of 42.33 months remaining after deducting 12 months.

On time mortgage history exceeds guideline requirement - Both borrower have lived a residences for more than 12 months.  Borrower has lived a current property 24 months and co-borrower 1 yr 4 months
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8952980
XXXX XXXX 10256788 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10233124 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10233131 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10256798 D A D A A A A A Closed FCRE1180 2026-04-30 10:52 2026-05-14 14:30 Resolved 1 - Information D A Credit Missing Doc HO-6 Insurance Policy is Missing Resolved-Received Snip from Lender.  Confirmed in loan file page 245. - Due Diligence Vendor-05/14/2026
Ready for Review-Document Uploaded.
The requested walls-in/betterments confirmation is located in the master policy. Loan file page 222 (also attached), Section III, Covered Property # 3 states the policy covers “Buildings or structures” and also specifically covers “Improvements and betterments to buildings or structures. Such Improvements and Betterments shall be considered Real property.” This confirms the Association’s master Hazard/Property policy includes betterments/improvements coverage under Covered Property. The closed internal condition also states the HO-6 is not required because the Association’s Hazard/Property policy provides walls-in coverage, including betterments and improvements. Since the master policy confirms betterments/improvements are covered property, a separate individual HO-6 policy is not required. Please Cancel. - Buyer-05/12/2026
Counter-Review is unable to locate confirmation of Walls In/Betterment coverage on Master Policies received.  Please provide confirmation of Betterment Blanket coverage.   - Due Diligence Vendor-05/07/2026
Ready for Review-Document Uploaded.
The file supports cancellation, and the HO-6 is not required because the Association’s Hazard/Property policy provides walls-in coverage, including betterments and improvements on Loan file page 222 it supports this, as the master policy covered property section includes improvements and betterments to buildings or structures.  Since the file documents that the HOA/master policy provides the required walls-in coverage, a separate individual HO-6 policy is not required. Please Cancel. - Buyer-05/06/2026
Open-HO-6 Insurance Policy is Missing Missing documentation which evidences walls-in H06 dwelling coverage for individual condo unit, including but not limited to any improvements therein.  Other findings may apply.  - Due Diligence Vendor-04/30/2026
  Resolved-Received Snip from Lender.  Confirmed in loan file page 245. - Due Diligence Vendor-05/14/2026

Months Reserves exceed minimum required - Reserves: 30 Min 3

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 770
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8970986
XXXX XXXX 10256798 D A D A A A A A Closed FPRO9999 2026-05-04 13:31 2026-05-08 09:32 Resolved 1 - Information C A Credit Eligibility Condo project has pending litigation Resolved-After further review- HOA is the Plaintiff for minor construction defect litigation.  HOA confirming that the repairs were completed, however the cosmetic items still remain.  It is a non-warrantable condo and was reviewed as such and within guidelines. - Due Diligence Vendor-05/08/2026
Ready for Review-Document Uploaded. 9027517
The file supports cancellation of the non-warrantable condo/pending litigation finding. The litigation issue was not missed. Loan file pages 5 through 7 contain the XXXX CPM documentation for XXXX, showing the project as Unavailable due to pending litigation/non-minor construction defect litigation. The XXXX Condo Review Form completed by XXXX that is attached shows the project was Approved as Full Review Non-Warrantable, with the pending litigation/CPM unavailable issue identified and the comment that the HOA confirmed all structural repairs have been completed and only cosmetic items remain. Loan comments also confirm XXXX stated “Condo cleared” on XXXX. Loan file page 491 XXXX documents the loan and the XXXX Condo Review cleared the project prior to closing with the pending litigation and non-warrantable status identified, and the loan was approved within the XXXX non-warrantable condo parameters, Please Cancel. - Buyer-05/06/2026
Open-Non warrantable condo with pending litigation. HOA is plaintiff, noted on Questioner  that litigation is for defective repairs post XXXX. - Due Diligence Vendor-05/04/2026
  Resolved-After further review- HOA is the Plaintiff for minor construction defect litigation.  HOA confirming that the repairs were completed, however the cosmetic items still remain.  It is a non-warrantable condo and was reviewed as such and within guidelines. - Due Diligence Vendor-05/08/2026

Months Reserves exceed minimum required - Reserves: 30 Min 3

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 770
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9027517
XXXX XXXX 10262978 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10262991 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10262950 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10262995 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10233138 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated      
XXXX XXXX 10262990 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10268901 C B C B A A A A Closed FCRE1198 2026-05-01 13:32 2026-05-12 11:51 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Received letter from the non-borrowing member of the LLC verifying the funds are to be used for the transaction and are not a loan and do not have to be repaid. - Due Diligence Vendor-05/12/2026

Ready for Review-Document Uploaded. Supporting Document - Seller-05/11/2026

Counter-Receipt of the $405,000.00 provided, however we are missing a letter from the non-borrowing member of the LLC/entity verifying the funds are to be used for the transaction and are not a loan and do not have to be repaid. - Due Diligence Vendor-05/08/2026

Ready for Review-Document Uploaded. Supporting Document - Seller-05/07/2026

Counter-Received rebuttal $405k emd was from business funds however review did not receive corresponding statement confirming funds. Please provide. - Due Diligence Vendor-05/06/2026

Ready for Review-Document Uploaded. Supporting Document - Seller-05/05/2026

Open-Audited Reserves of  month(s) are less than Guideline Required Reserves of 6 month(s) Proof of EMD withdrawal from bank account in the amount of $405,000.  If EMD is from non-borrowing spouse, a gift letter is required.  Gift funds cannot be used for reserves.  Subject to additional conditions. - Due Diligence Vendor-05/01/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-05/11/2026

 Ready for Review-Document Uploaded. Supporting Document - Seller-05/07/2026

 Ready for Review-Document Uploaded. Supporting Document - Seller-05/05/2026

Resolved-Received letter from the non-borrowing member of the LLC verifying the funds are to be used for the transaction and are not a loan and do not have to be repaid. - Due Diligence Vendor-05/12/2026

On time mortgage history exceeds guideline requirement - Min 1x30x12, actual 0x30x31

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 786
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9003629
XXXX XXXX 10268901 C B C B A A A A Closed FCRE9501 2026-05-01 13:25 2026-05-12 11:50 Resolved 1 - Information C A Credit Assets Total Qualified Assets Post-Close is Less than $0 Resolved-Received letter from the non-borrowing member of the LLC verifying the funds are to be used for the transaction and are not a loan and do not have to be repaid. - Due Diligence Vendor-05/12/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-05/11/2026
Counter-Receipt of the $405,000.00 provided, however we are missing a letter from the non-borrowing member of the LLC/entity verifying the funds are to be used for the transaction and are not a loan and do not have to be repaid. - Due Diligence Vendor-05/08/2026
Ready for Review-Document Uploaded. Supporting Document - Buyer-05/07/2026
Counter-Received rebuttal  $405k emd was from business funds however review did not receive corresponding statement confirming funds.  Please provide.   - Due Diligence Vendor-05/06/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-05/05/2026
Open-Total Qualified Assets Post-Close amount is 'XXXX'.  Assets are Insufficient. Proof of EMD withdrawal from bank account in the amount of $405,000.  If EMD is from non-borrowing spouse, a gift letter is required.  Subject to additional conditions. - Due Diligence Vendor-05/01/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-05/11/2026

 Ready for Review-Document Uploaded. Supporting Document - Seller-05/05/2026

Resolved-Received letter from the non-borrowing member of the LLC verifying the funds are to be used for the transaction and are not a loan and do not have to be repaid. - Due Diligence Vendor-05/12/2026

On time mortgage history exceeds guideline requirement - Min 1x30x12, actual 0x30x31

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 786
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9003494
XXXX XXXX 10268901 C B C B A A A A Closed FCRE0140 2026-05-01 11:50 2026-05-08 14:10 Resolved 1 - Information C A Credit Eligibility DSCR loan does not meet program guidelines Resolved-Updated 1007 not required. Reference to the $4220 Rent Range appears in an internal email chain that was included in the file; however, this was part of internal discussion and is not a credit document or a basis for the underwriting decision. The $4,220 figure referenced in that email is not being relied upon for qualification (and there is no documentation to support the source of this figure). The market rent used for underwriting is supported by the appraiser’s Form 1007, which reflects $7,500 based on comparable rental analysis specific to the subject property. As such, no revision to the 1007 is warranted, and the appraisal remains the appropriate support for market rent. For a purchase transaction- leases being inherited are only required when looking to use above market rent which lender is not doing. Otherwise, the rent from the appraisal can be used for qualifying consideration. No exception required per G/L. - Due Diligence Vendor-05/08/2026
Counter-Received LOE from the lender, lender used the $7,500 market rents.  Please provide the exception request and client approval for the use of Market Rents as it was not located in the loan file. - Due Diligence Vendor-05/06/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-05/05/2026
Open-Exception in file is for market rents to be used.  Exception indicate the rent range came in at $4,220.  1007 in file does not indicate this information.  Rent range in file are from 7,000 to 9,000.  Provide 1007 with rent range at $4,220.  Additionally, no exception approval from XXXX in loan file. - Due Diligence Vendor-05/01/2026
Ready for Review-Document Uploaded. Supporting Document - Seller-05/05/2026

Resolved-Updated 1007 not required. Reference to the $4220 Rent Range appears in an internal email chain that was included in the file; however, this was part of internal discussion and is not a credit document or a basis for the underwriting decision. The $4,220 figure referenced in that email is not being relied upon for qualification (and there is no documentation to support the source of this figure). The market rent used for underwriting is supported by the appraiser’s Form 1007, which reflects $7,500 based on comparable rental analysis specific to the subject property. As such, no revision to the 1007 is warranted, and the appraisal remains the appropriate support for market rent. For a purchase transaction- leases being inherited are only required when looking to use above market rent which lender is not doing. Otherwise, the rent from the appraisal can be used for qualifying consideration. No exception required per G/L. - Due Diligence Vendor-05/08/2026

On time mortgage history exceeds guideline requirement - Min 1x30x12, actual 0x30x31

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 786
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9001234
XXXX XXXX 10268901 C B C B A A A A Closed FCRE1232 2026-05-01 11:47 2026-05-06 16:41 Resolved 1 - Information C A Credit Eligibility Calculated DSCR does not meet the Minimum DSCR allowed Resolved-Received lease and file contains LOE regarding leasing ADU.  Considered professional investor.   - Due Diligence Vendor-05/06/2026

Ready for Review-Document Uploaded. prior lease to show +12 mos landlord experience
 - Seller-05/05/2026

Open-The Calculated DSCR of '0.839' is less than the minimum DSCR per lender guidelines of '1'. Borrower is an inexperienced investor which requires a minimum DSCR of 1.00. Audit DSRC is 0.83.  Provide proof that the borrower is an experienced investor.  Documentation for primary residence ADU rents for a minimum of 12 months. - Due Diligence Vendor-05/01/2026
Ready for Review-Document Uploaded. prior lease to show +12 mos landlord experience
 - Seller-05/05/2026

Resolved-Received lease and file contains LOE regarding leasing ADU.  Considered professional investor.   - Due Diligence Vendor-05/06/2026

On time mortgage history exceeds guideline requirement - Min 1x30x12, actual 0x30x31

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 786
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9001091
XXXX XXXX 10268901 C B C B A A A A Closed FCRE0094 2026-05-01 11:05 2026-05-01 13:50 Waived 2 - Non-Material C B Credit Eligibility State Specific business purpose loan signed as individual Waived-Waiver applied to non-material finding. Loan closed in entity name. - Due Diligence Vendor-05/01/2026
Open-PPP in XXXX as BP signed as individual is not allowed.  Per XXXX. - Due Diligence Vendor-05/01/2026
  Waived-Waiver applied to non-material finding. Loan closed in entity name. - Due Diligence Vendor-05/01/2026

On time mortgage history exceeds guideline requirement - Min 1x30x12, actual 0x30x31

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 786
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA Investor Post-Close No 8999458
XXXX XXXX 10262956 C A C A A A A A Closed FCRE9501 2026-05-01 10:30 2026-05-11 13:32 Resolved 1 - Information C A Credit Assets Total Qualified Assets Post-Close is Less than $0 Resolved-Received CDs for cash proceeds from other refinances reflecting sufficient funds.   - Due Diligence Vendor-05/11/2026
Ready for Review-Document Uploaded. Borrower refinanced two properties.  Cash out proceeds used for closing and reserves for this loan. - Buyer-05/08/2026
Counter-Received gift documentation.  Account XXXX $12,046.08 dated XXXX in file.  Remain short funds to close by XXXX - Due Diligence Vendor-05/06/2026
Ready for Review-Document Uploaded. 1. Assets.  $58,176.21 to close loan.
2. Gift Funds.  XXXX to close loan.
 - Seller-05/05/2026
Open-Total Qualified Assets Post-Close amount is 'XXXX'.  Assets are Insufficient.  Missing documentation which evidences sufficient funds to meet minimum closing costs; including but not limited to fund reflected on borrower's loan application.  If funds were from proceeds from other investment properties, evidence of net proceeds realized, deposited, Other findings may apply.  - Due Diligence Vendor-05/01/2026
Ready for Review-Document Uploaded. 1. Assets.  XXXX to close loan.
2. Gift Funds.  XXXX to close loan.
 - Seller-05/05/2026
Resolved-Received CDs for cash proceeds from other refinances reflecting sufficient funds.   - Due Diligence Vendor-05/11/2026

Months Reserves exceed minimum required - Reserves: 5.72 Min 3


Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 765
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8998402
XXXX XXXX 10262956 C A C A A A A A Closed FCRE1248 2026-05-01 10:51 2026-05-06 15:41 Resolved 1 - Information C A Credit Eligibility Non-Arm's Length Transactions Not Allowed for Program Resolved-Received confirmation Arms Length and no relationship between buyer and sellers. - Due Diligence Vendor-05/06/2026
Ready for Review-Document Uploaded. This is an arms length transaction.  The loan was cleared to close on XXXX.  The deed transfer was sent in on XXXX.  Loan funded on XXXX. - Seller-05/05/2026
Open-Non-Arm's Length Transactions Not Allowed for Program Missing documentation as to borrower's relationship to seller.  Loan file contains a deed with seller transferring property to borrowers on XXXX; however, loan closed and funded XXXX.  Other findings may apply. - Due Diligence Vendor-05/01/2026
Ready for Review-Document Uploaded. This is an arms length transaction.  The loan was cleared to close on XXXX.  The deed transfer was sent in on XXXX.  Loan funded on XXXX. - Seller-05/05/2026
Resolved-Received confirmation Arms Length and no relationship between buyer and sellers. - Due Diligence Vendor-05/06/2026

Months Reserves exceed minimum required - Reserves: 5.72 Min 3


Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 765
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8999030
XXXX XXXX 10262956 C A C A A A A A Closed FCRE1151 2026-05-01 10:49 2026-05-06 15:21 Resolved 1 - Information C A Credit Title Satisfactory Chain of Title not Provided Resolved-Received prelim title confirming 24 mos chain of title. - Due Diligence Vendor-05/06/2026

Ready for Review-Document Uploaded. N 19. = 24 month Chain of Title.
 - Seller-05/05/2026

Open-Unsatisfactory Chain of Title provided. Missing required 24 Month Chain of Title - Due Diligence Vendor-05/01/2026
Ready for Review-Document Uploaded. N 19. = 24 month Chain of Title.
 - Seller-05/05/2026

Resolved-Received prelim title confirming 24 mos chain of title. - Due Diligence Vendor-05/06/2026

Months Reserves exceed minimum required - Reserves: 5.72 Min 3


Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 765
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8998941
XXXX XXXX 10262956 C A C A A A A A Closed FCRE0082 2026-05-01 10:50 2026-05-06 15:21 Resolved 1 - Information C A Credit Title Vested Owner Signature Requirement Not met Resolved-Received Op Agreement confirming 100% ownership - Due Diligence Vendor-05/06/2026
Ready for Review-Document Uploaded. 1. Operating Agreement of XXXX.
2. Certificate of Beneficial Owners. - Seller-05/05/2026
Open-Vested Owner Signature Requirement Not met.  Missing Operating agreement for XXXX.  - Due Diligence Vendor-05/01/2026
Ready for Review-Document Uploaded. 1. Operating Agreement of XXXX.
2. Certificate of Beneficial Owners. - Seller-05/05/2026
Resolved-Received Op Agreement confirming 100% ownership - Due Diligence Vendor-05/06/2026

Months Reserves exceed minimum required - Reserves: 5.72 Min 3


Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 765
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 8998967
XXXX XXXX 10263003 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10233117 D A D A A A A A Closed FCOM1352 2026-05-01 18:11 2026-05-07 14:34 Resolved 1 - Information D A Credit Missing Doc - Credit Business Purpose Affidavit/Disclosure Missing Resolved-Received Business Purpose Affidavit - Due Diligence Vendor-05/07/2026
Ready for Review-Document Uploaded. Please see attached.
 - Buyer-05/05/2026
Open-The Business Purpose Affidavit Disclosure is Missing Missing Business Purpose Affidavit for DSCR qualified loan.  Although Occupancy Affidavit/Statement was provided, this does not meet XXXX criteria.  - Due Diligence Vendor-05/01/2026
  Resolved-Received Business Purpose Affidavit - Due Diligence Vendor-05/07/2026

LTV is less than guideline maximum - Required is 80 Borrower has 64.25

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 738
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance No Cash Out - Borrower Initiated N/A N/A 9010392
XXXX XXXX 10224724 D A D A A A A A Closed FCRE0112 2026-05-04 10:24 2026-05-06 14:21 Resolved 1 - Information C A Credit Eligibility Approval/Underwriting Summary Not Provided_3 Resolved-Received UW 1008/Approval. Loan amount, appraisal, rate and credit score match - Due Diligence Vendor-05/06/2026

Ready for Review-Document Uploaded. 1008
 - Buyer-05/05/2026

Open-Approval/Underwriting Summary Not Provided.  1008/Loan approval is required - Due Diligence Vendor-05/04/2026
  Resolved-Received UW 1008/Approval. Loan amount, appraisal, rate and credit score match - Due Diligence Vendor-05/06/2026

LTV is less than guideline maximum - Required is 75 Borrower has 29.58

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 748
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9022595
XXXX XXXX 10224724 D A D A A A A A Closed FCRE0700 2026-05-04 10:32 2026-05-06 14:19 Resolved 1 - Information D A Credit Missing Doc Closing Detail Statement Document is Missing Resolved-Received fully executed final CD - Due Diligence Vendor-05/06/2026

Ready for Review-Document Uploaded. Signed Final CD
 - Buyer-05/06/2026

Open-The file CD is not executed by the borrower.  - Due Diligence Vendor-05/04/2026
  Resolved-Received fully executed final CD - Due Diligence Vendor-05/06/2026

LTV is less than guideline maximum - Required is 75 Borrower has 29.58

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 748
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9022753
XXXX XXXX 10233112 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10256783 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10233129 C B C B A A A A Closed FCRE0210 2026-08-10 15:05 2026-08-10 15:05 Waived 2 - Non-Material B B Credit Eligibility NJ Prepayment Penalty Entity Loan - LLC/LP/LLP Waived-Per XXXX. Waiver applied to non-material finding. Loan closed in entity name.
 - Due Diligence Vendor-08/10/2026
Open-Per XXXX.
 - Due Diligence Vendor-08/10/2026
  Waived-Per XXXX. Waiver applied to non-material finding. Loan closed in entity name.
 - Due Diligence Vendor-08/10/2026
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 780

LTV is less than guideline maximum - Required is 80 Borrower has 60
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA Investor Post-Close No 10717158
XXXX XXXX 10262996 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10224715 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10291255 D A D A A A A A Closed FCRE0043 2026-05-08 08:52 2026-05-12 12:08 Resolved 1 - Information D A Credit Missing Doc DSCR Calculation Missing Resolved-Received Lender DSCR Calculation - Due Diligence Vendor-05/12/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-05/11/2026

Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-05/08/2026
  Resolved-Received Lender DSCR Calculation - Due Diligence Vendor-05/12/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 740

LTV is less than guideline maximum - Required is 75 Borrower has 70
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 9103496
XXXX XXXX 10291255 D A D A A A A A Closed FCRE1201 2026-05-08 08:40 2026-05-12 12:07 Resolved 1 - Information D A Credit Missing Doc Third Party Fraud Report not Provided Resolved-Received Fraud report. Initial report in file confirm cleared SSN. - Due Diligence Vendor-05/12/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-05/11/2026

Open-Missing Third Party Fraud Report Summary in file, however full report not provided. Additional conditions may apply, pending review. - Due Diligence Vendor-05/08/2026
  Resolved-Received Fraud report. Initial report in file confirm cleared SSN. - Due Diligence Vendor-05/12/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 740

LTV is less than guideline maximum - Required is 75 Borrower has 70
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other N/A N/A 9103313
XXXX XXXX 10291251 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10298557 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10224730 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Refinance Cash Out - Other      
XXXX XXXX 10291264 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10262988 C A C A A A A A Closed FCRE1194 2026-05-11 11:00 2026-05-20 13:50 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-After further review, commercial leases count towards investor experience as long as the borrower has been the owner of the LLCs on the lease agreements (and evidence the borrower has been owner for at least 12 months a not recently added). - Due Diligence Vendor-05/20/2026

Counter-Received SOS , leases, and Articles of Inc.  Missing property profiles confirming company ownership and proof of receipt of rent.  - Due Diligence Vendor-05/19/2026

Ready for Review-Document Uploaded. Leases and Articles showing ownership of the entity holding the leases uploaded to document investor experience.
 - Buyer-05/18/2026

Open-Audited LTV of 80% exceeds Guideline LTV of 75% 80% LTV/CLTV/HCLTV Exceed 75% maximum for a first time investor.  Although borrower provided an LOE as to investment experience, there is insufficient documentation to support, as such borrower is deemed a First Time Investor per loan application; as no other properties than primary were listed. - Due Diligence Vendor-05/11/2026
  Resolved-After further review, commercial leases count towards investor experience as long as the borrower has been the owner of the LLCs on the lease agreements (and evidence the borrower has been owner for at least 12 months a not recently added). - Due Diligence Vendor-05/20/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 791

Months Reserves exceed minimum required - Reserves: 32 Min 12
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9129105
XXXX XXXX 10291267 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10291275 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10262973 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10291231 D A D A A A A A Closed FCRE0043 2026-05-18 09:36 2026-05-19 09:41 Resolved 1 - Information D A Credit Missing Doc DSCR Calculation Missing Resolved-Received DSCR Calculation - Due Diligence Vendor-05/19/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-05/18/2026

Open-The DSCR Calculation from lender is Missing. Missing lender's DSCR Calculation Worksheet or 1008 showing calculation. - Due Diligence Vendor-05/18/2026
  Resolved-Received DSCR Calculation - Due Diligence Vendor-05/19/2026

LTV is less than guideline maximum - Required is 80 Borrower has 70

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 813

Months Reserves exceed minimum required - Reserves: 15 Min 3
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9248546
XXXX XXXX 10291238 C A C A A A A A Closed FCRE7009 2026-05-18 12:13 2026-05-20 16:07 Resolved 1 - Information C A Credit Insurance Hazard insurance dwelling coverage is not sufficient Resolved-Lender provided Evidence of Insurance for Subject. Coverage is sufficient. - Due Diligence Vendor-05/20/2026

Ready for Review-Document Uploaded. Supporting Document - Buyer-05/19/2026

Open-Insufficient Coverage Amount for Insured Subject Property. Hazard policy provided does not indicate the amount of coverage.   - Due Diligence Vendor-05/18/2026
  Resolved-Lender provided Evidence of Insurance for Subject. Coverage is sufficient. - Due Diligence Vendor-05/20/2026

Months Reserves exceed minimum required - 111 months reserves documented, 3 months required

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 763
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9253357
XXXX XXXX 10256789 C A C A A A A A Closed FCRE1204 2026-05-18 14:56 2026-06-02 12:03 Resolved 1 - Information C A Credit Eligibility Fraud Report Shows Uncleared Alerts Resolved-Property report provided reflecting the property does not exist and documents provided for other property owned by the borrower free & clear. - Due Diligence Vendor-06/02/2026

Ready for Review-Document Uploaded. Supporting Documents - Buyer-06/01/2026

Open-Fraud Report Shows Uncleared Alerts Additional properties listed on fraud report compared to URLA.  - Due Diligence Vendor-05/18/2026
  Resolved-Property report provided reflecting the property does not exist and documents provided for other property owned by the borrower free & clear. - Due Diligence Vendor-06/02/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 773

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.089 Required is 0.8 Borrower has 1.089
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9258009
XXXX XXXX 10298538 C A C A A A A A Closed FCRE1509 2026-05-26 16:56 2026-06-04 16:05 Resolved 1 - Information C A Credit Closing Issues exist on the Note Document Resolved-Received corrected Note executed as individual and as member.  - Due Diligence Vendor-06/04/2026
Ready for Review-Document Uploaded. 1. Corrected NOte and XXXX
2. New Allonge and XXXX
 - Buyer-06/03/2026
Open-The borrower signed the Note as an individual only.  The borrower has to sign the Note as an individual and as a member.   - Due Diligence Vendor-05/26/2026
  Resolved-Received corrected Note executed as individual and as member.  - Due Diligence Vendor-06/04/2026

Months Reserves exceed minimum required - 10 months reserves verified, 3 months required

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 730
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9382275
XXXX XXXX 10291254 C A C A A A A A Closed FCRE1440 2026-05-22 09:15 2026-06-03 09:48 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received Borr 1 VOR, Housing History Meets Guideline Requirements - Due Diligence Vendor-06/01/2026
Ready for Review-Document Uploaded. VOR $400 rent
 - Buyer-05/28/2026
Open-Housing History Does Not Meet Guideline Requirements Please provide copy of lease agreement for borrower 1's primary residence. File contains XXXX transacions in the amount of $400 monthly, however there is documentation in file to confirm these payments are for monthly rent. - Due Diligence Vendor-05/26/2026
  Resolved-Received Borr 1 VOR, Housing History Meets Guideline Requirements - Due Diligence Vendor-06/01/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 751

Months Reserves exceed minimum required - 12 months reserves required - provided 224.99 months reserves.
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9345541
XXXX XXXX 10291254 C A C A A A A A Closed FCRE0134 2026-05-26 09:54 2026-05-27 17:25 Resolved 1 - Information C A Credit Eligibility Issue with First Payment Letter Resolved-Received corrected First payment letter. - Due Diligence Vendor-05/27/2026
Ready for Review-Document Uploaded. Supporting Documents - Buyer-05/26/2026
Open-There is an issue with First Payment Letter.  Final CD and FPL both lists HOI payment as XXXX - actual HOI is XXXX. Annual HOI policy amount is XXXX. - Due Diligence Vendor-05/26/2026
  Resolved-Received corrected First payment letter. - Due Diligence Vendor-05/27/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 751

Months Reserves exceed minimum required - 12 months reserves required - provided 224.99 months reserves.
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9369944
XXXX XXXX 10268877 C B C B A A A A Closed FCRE1440 2026-05-22 10:45 2026-05-28 16:48 Waived 2 - Non-Material C B Credit Eligibility Housing History Does Not Meet Guideline Requirements Waived-Client waiver applied to non-material finding with compensating factors.  Exception for rent free letter. - Due Diligence Vendor-05/27/2026

Open-Housing History Does Not Meet Guideline Requirements Provide Rent free letter from homeowner for primary residence for borrower.  - Due Diligence Vendor-05/22/2026
  Waived-Client waiver applied to non-material finding with compensating factors.  Exception for rent free letter. - Due Diligence Vendor-05/27/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 809

LTV is less than guideline maximum - Required is 75 Borrower has 48.08
809 fico, min 720
48.08% LTV, max 75%
XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA Investor Post-Close No 9347660
XXXX XXXX 10268877 C B C B A A A A Closed FCRE0116 2026-05-22 11:38 2026-05-28 13:37 Waived 2 - Non-Material C B Credit Eligibility Missing Warrantability Documentation Waived-Client waiver applied to non-material finding with compensating factors- to allow the investor concentration to be more than 60%, currently investor concentration is at 79%.  Even with high concentration the project does demonstrate strong comp factors such as no pending litigation,  no delinquent HOA dues, 100% residential use with no commercial space. - Due Diligence Vendor-05/28/2026

Ready for Review-Document Uploaded. Exception approval and request PLUS condo questionnaire showing condo as non-warrantable due to investor concentration exceeding 60% - Buyer-05/27/2026

Open-Missing Warrantability Documentation.  Missing Warrantability Documentation for condo.  - Due Diligence Vendor-05/22/2026
  Waived-Client waiver applied to non-material finding with compensating factors- to allow the investor concentration to be more than 60%, currently investor concentration is at 79%.  Even with high concentration the project does demonstrate strong comp factors such as no pending litigation,  no delinquent HOA dues, 100% residential use with no commercial space. - Due Diligence Vendor-05/28/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 809

LTV is less than guideline maximum - Required is 75 Borrower has 48.08
FICO score 809
DSCR .94
Reserves are 74 months
Credit history- 0x30
XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA Investor Post-Close No 9349833
XXXX XXXX 10268877 C B C B A A A A Closed FCRE0105 2026-05-26 11:12 2026-05-26 17:27 Resolved 1 - Information C A Credit Eligibility Condo Structural Reports not in file Resolved-Upon further review - not 3 stories high. - Due Diligence Vendor-05/26/2026

Open-The file does not contain the required structural engineer report per state law.  not 3 stories high. - Due Diligence Vendor-05/26/2026
  Resolved-Upon further review - not 3 stories high. - Due Diligence Vendor-05/26/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 809

LTV is less than guideline maximum - Required is 75 Borrower has 48.08
    ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9372458
XXXX XXXX 10233127 C B C B A A A A Closed FCRE8013 2026-05-22 13:43 2026-06-03 13:43 Resolved 1 - Information C A Credit Eligibility Purchase Contract Issue Resolved-Purchase Contract provided which was amended. - Due Diligence Vendor-06/03/2026
Ready for Review-Document Uploaded. Amended Contract - Buyer-06/02/2026
Counter-Received duplicate Contract in the name of XXXX.  Contract to be in the name of XXXX.  - Due Diligence Vendor-05/29/2026
Ready for Review-Document Uploaded. Contract - Buyer-05/28/2026
Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Purchase contract names the borrower/borrower's company as the purchaser.  Loan closed in the name of the individual.    Missing purchase contract addendum naming the buyer as an individual only.  - Due Diligence Vendor-05/22/2026
  Resolved-Purchase Contract provided which was amended. - Due Diligence Vendor-06/03/2026

LTV is less than guideline maximum - Required is 75 Borrower has 63.15

Months Reserves exceed minimum required - 130 months reserves documented, 12 months required
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA N/A N/A 9353280
XXXX XXXX 10233127 C B C B A A A A Closed FCRE8201 2026-05-27 15:15 2026-06-01 15:27 Waived 2 - Non-Material C B Credit Eligibility Loan does not conform to program guidelines Waived-Client provided a waiver for First Time Investor living rent free,  applied to non material finding with comp factors  - Due Diligence Vendor-06/01/2026

Ready for Review-Document Uploaded. Supporting docs - Buyer-05/29/2026

Open-The borrower is a FTHB and a FTI.  Guidelines do not allow a FTHB to purchase an investment property.  Only a primary and second home are allowed.  No exception found in loan file. - Due Diligence Vendor-05/27/2026
  Waived-Client provided a waiver for First Time Investor living rent free,  applied to non material finding with comp factors  - Due Diligence Vendor-06/01/2026

LTV is less than guideline maximum - Required is 75 Borrower has 63.15

Months Reserves exceed minimum required - 130 months reserves documented, 12 months required
Reserves:  112 months > 12 mos required
LTV:  15% below maximum
XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA Investor Post-Close No 9405636
XXXX XXXX 10298535 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA      
XXXX XXXX 10326021 A A A A A A A A             A A                   ATR/QM: Exempt ATR/QM: Exempt XXXX XXXX Investment Purchase NA