EFMT DEPOSITOR LLC ABS-15G

Exhibit 99.04 - Schedule 4

 

Loan ID Redaction ID Investor Loan ID Overall Initial Loan Grade Overall Final Loan Grade Credit Initial Loan Grade Credit Current/Final Loan Grade Compliance Initial Loan Grade Compliance Current/Final Loan Grade Property Initial Loan Grade Property Current/Final Loan Grade Queue Finding Code Date Created Date Modified Finding Status Event Level Initial Finding Grade Current/Final Finding Grade Finding Category Finding Sub Category Finding Name Finding Comments Seller Comments Resolution Comments Reviewer Comp Factor Originator Comp Factors Finding Documents Originator QM Status Final Reviewed QM Status Loan Amount Property State Occupancy Loan Purpose Refinance Purpose Acknowledged / WaivedBy Waiver in File? Unique Finding ID
XXXX 2161496 XXXX D A D A A A A A Closed FCRE8700 2025-12-15 16:21 2026-03-22 14:38 Resolved 1 - Information D A Credit Missing Doc - Credit Missing EIN Number for Business Entity Resolved-Received CPA validation of EIN number. - Due Diligence Vendor-03/22/2026
Ready for Review-Document Uploaded.  - Seller-03/19/2026
Counter-Received W9. Provide EIN from XXXX or CPA.   - Due Diligence Vendor-03/04/2026
Ready for Review-Document Uploaded.  - Seller-03/03/2026
Ready for Review-Document Uploaded.  - Seller-03/19/2026

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

Resolved-Received CPA validation of EIN number. - Due Diligence Vendor-03/22/2026

LTV is less than guideline maximum - LTV 64.58%.  LTV Allowed 80% Required is 80 Borrower has 64.58

Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 767; guidelines require 700.  Required is 700 Borrower has 767
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Refinance No Cash Out - Borrower Initiated N/A N/A XXXX
XXXX 2175454 XXXX C A A A C A A A Closed finding-3540 2026-05-19 17:05 2026-05-26 12:14 Resolved 1 - Information C A Compliance TRID Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test Resolved-Received tracking disclousre. Finding Resolved. - Due Diligence Vendor-05/26/2026
Ready for Review-Document Uploaded. disclosure tracking showing CD ss received  - Seller-05/26/2026
Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"XXXX" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. CD XXXX is not signed and there is no evidence of when it was provided to borrower.  Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-05/19/2026
Ready for Review-Document Uploaded. disclosure tracking showing CD ss received  - Seller-05/26/2026

Resolved-Received tracking disclousre. Finding Resolved. - Due Diligence Vendor-05/26/2026

Verified employment history exceeds guidelines - Verified employment history exceeds guidelines – Employed 5+ Years – Minimum = 2 Years

Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.32

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income =/> 1.5 times $3,500 monthly residual income - Qualifying residual income = $16,310.28; minimum required NONE
  XXXX QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) XXXX XX Primary Residence Purchase NA N/A N/A XXXX
XXXX 2192310 XXXX D A D A A A A A Closed FPRO1255 2026-05-26 16:14 2026-06-09 09:08 Resolved 1 - Information D A Credit Missing Doc - Credit HOA Questionnaire Document is Missing Resolved-Received HOA questionnaire - Due Diligence Vendor-06/03/2026

Ready for Review-Document Uploaded. HOA questionnaire provided. Please clear.  - Seller-05/29/2026

Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. The HOA questionnaire was not identified in the file.  - Due Diligence Vendor-05/26/2026
Ready for Review-Document Uploaded. HOA questionnaire provided. Please clear.  - Seller-05/29/2026

Resolved-Received HOA questionnaire - Due Diligence Vendor-06/03/2026

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 680 Borrower has 744
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Purchase NA N/A N/A XXXX
XXXX 2192310 XXXX D A D A A A A A Closed FCRE8013 2026-05-26 16:14 2026-06-09 09:08 Resolved 1 - Information C A Credit Eligibility Purchase Contract Issue Resolved-Purchase Contract is not partially provided. - Due Diligence Vendor-06/09/2026

Ready for Review-Document Uploaded. Addendum for sellers concessions provided, please clear. - Seller-06/08/2026

Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. The addendum showing the $500 concession was not identified in the file.  - Due Diligence Vendor-05/26/2026
Ready for Review-Document Uploaded. Addendum for sellers concessions provided, please clear. - Seller-06/08/2026

Resolved-Purchase Contract is not partially provided. - Due Diligence Vendor-06/09/2026

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 680 Borrower has 744
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Purchase NA N/A N/A XXXX
XXXX 2192310 XXXX D A D A A A A A Closed FCRE0197 2026-05-26 16:52 2026-06-02 14:17 Resolved 1 - Information C A Credit Eligibility The Final SELLER CD/HUD is missing Resolved-Final sellers settlement statement provided - Due Diligence Vendor-06/02/2026

Ready for Review-Document Uploaded. Final sellers settlement statement provided. Please clear.
 - Seller-05/29/2026

Open-The Final SELLER CD/HUD is missing.  Estimated settlement statement not signed or marked certified only in file.  Need final settlement statement.  - Due Diligence Vendor-05/26/2026
Ready for Review-Document Uploaded. Final sellers settlement statement provided. Please clear.
 - Seller-05/29/2026

Resolved-Final sellers settlement statement provided - Due Diligence Vendor-06/02/2026

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 680 Borrower has 744
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Purchase NA N/A N/A XXXX
XXXX 2192317 XXXX C B C B A A A A Closed FCRE1254 2026-05-29 08:29 2026-06-11 15:09 Resolved 1 - Information C A Credit Title Property Title Issue Resolved-Final title provided confirming judgement was removed. - Due Diligence Vendor-06/11/2026

Ready for Review-Document Uploaded. please find the ftp  - Seller-06/10/2026

Open-Property Title Issue Need verification workers compensation judgement was removed from title.  - Due Diligence Vendor-05/29/2026
Ready for Review-Document Uploaded. please find the ftp  - Seller-06/10/2026

Resolved-Final title provided confirming judgement was removed. - Due Diligence Vendor-06/11/2026

Months Reserves exceed minimum required - 3 months required, subject 11.25 months

Long term residence - 17 years at residence. 
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Refinance Cash Out - Other N/A N/A XXXX
XXXX 2192317 XXXX C B C B A A A A Closed FCRE1440 2026-05-29 07:41 2026-06-08 12:36 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Received proof of extension of terms. - Due Diligence Vendor-06/08/2026
Ready for Review-Document Uploaded. The payoff letter reflects that the maturity date of the note was extended to XXXX, with the next payment due on XXXX, which supports that the loan remains active beyond its original term Additionally, the Verification of Mortgage (VOM) confirms that payments have been made on time, including after the noted extension.
Based on the combination of the payoff letter and the VOM, there is sufficient evidence to support that the note was formally extended and that the borrower had continued to make timely payments in accordance with the updated terms.
 please clear - Seller-06/05/2026
Open-Housing History Does Not Meet Guideline Requirements The mortgage securing the subject property had a maturity date of XXXX. The note could be extended 30 days from this point. After than the note was in default. No documentation of any further extension was identified in the file. VOM in file does not match terms of note.  - Due Diligence Vendor-05/29/2026
Ready for Review-Document Uploaded. The payoff letter reflects that the maturity date of the note was extended to XXXX, with the next payment due on XXXX, which supports that the loan remains active beyond its original term Additionally, the Verification of Mortgage (VOM) confirms that payments have been made on time, including after the noted extension.
Based on the combination of the payoff letter and the VOM, there is sufficient evidence to support that the note was formally extended and that the borrower had continued to make timely payments in accordance with the updated terms.
 please clear - Seller-06/05/2026
Resolved-Received proof of extension of terms. - Due Diligence Vendor-06/08/2026

Months Reserves exceed minimum required - 3 months required, subject 11.25 months

Long term residence - 17 years at residence. 
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Refinance Cash Out - Other N/A N/A XXXX
XXXX 2192317 XXXX C B C B A A A A Closed FCRE0068 2026-05-29 07:29 2026-06-08 12:35 Waived 2 - Non-Material C B Credit Closing Remaining Equity is less than $40,000 which does not meet guideline requirement Waived-Originator provided a waiver for equity less than 40k , applied to non material finding with comp factors - Due Diligence Vendor-06/08/2026
Ready for Review-Document Uploaded. please find exception for equity

comp: fico 765
0x30: 24 mo - Seller-06/04/2026
Open-Remaining equity is less than $40,000 which does not meet guideline requirement.  XXXX remaining equity does not meet the minimum $40,000 equity requirement. - Due Diligence Vendor-05/29/2026
Ready for Review-Document Uploaded. please find exception for equity

comp: fico 765
0x30: 24 mo - Seller-06/04/2026

Waived-Originator provided a waiver for equity less than 40k , applied to non material finding with comp factors - Due Diligence Vendor-06/08/2026

Months Reserves exceed minimum required - 3 months required, subject 11.25 months

Long term residence - 17 years at residence. 
Fico 765 which is 45 pts > min
DSCR over 1 
XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Refinance Cash Out - Other Originator Post-Close No XXXX
XXXX 2192317 XXXX C B C B A A A A Closed FCRE1510 2026-05-29 06:45 2026-06-03 14:30 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-Received Deed of Trust with Legal Description and all applicable riders. - Due Diligence Vendor-06/03/2026

Ready for Review-Document Uploaded.  Mortgage with legal provided. Please clear. - Seller-06/01/2026

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing copy of the Legal Description attached to the Mortgage. - Due Diligence Vendor-05/29/2026
Ready for Review-Document Uploaded.  Mortgage with legal provided. Please clear. - Seller-06/01/2026

Resolved-Received Deed of Trust with Legal Description and all applicable riders. - Due Diligence Vendor-06/03/2026

Months Reserves exceed minimum required - 3 months required, subject 11.25 months

Long term residence - 17 years at residence. 
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Refinance Cash Out - Other N/A N/A XXXX
XXXX 2192314 XXXX C A C A A A A A Closed FCRE1194 2026-06-01 13:12 2026-06-12 16:36 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-After further review, max LTV for a C/O refi is 80%. After the 5% reduction for STR- Max LTV is 75%. Transaction meet G/L requirements. - Due Diligence Vendor-06/12/2026

Ready for Review-Document Uploaded. The Host payout is the amount actually sent to the property owner - which means the XXXX fees have already been deducted see attached There is also a LOE from the borrower's confirming that the income earned through XXXX is NET income also attached - Seller-06/12/2026

Counter-Pending docs.  - Due Diligence Vendor-06/12/2026

Ready for Review-The accounting from XXXX is net income, so we do not reduce the income by 20%, since the fee's are taken out by XXXX so we are not below 1 please clear - Seller-06/11/2026

Open-Audited LTV of 75% exceeds Guideline LTV of 70% Max 70% LTV.  DSCR < 1 and using short term rents.   - Due Diligence Vendor-06/01/2026
Ready for Review-Document Uploaded. The Host payout is the amount actually sent to the property owner - which means the XXXX fees have already been deducted see attached There is also a LOE from the borrower's confirming that the income earned through XXX is NET income also attached - Seller-06/12/2026
 Ready for Review-The accounting from XXXX is net income, so we do not reduce the income by 20%, since the fee's are taken out by XXXX so we are not below 1 please clear - Seller-06/11/2026
Resolved-After further review, max LTV for a C/O refi is 80%. After the 5% reduction for STR- Max LTV is 75%. Transaction meet G/L requirements. - Due Diligence Vendor-06/12/2026

Months Reserves exceed minimum required - 9 months reserves documented, 6 months required

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 762
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Refinance Cash Out - Other N/A N/A XXXX
XXXX 2192314 XXXX C A C A A A A A Closed FCRE1232 2026-06-01 12:57 2026-06-12 16:35 Resolved 1 - Information C A Credit Eligibility Calculated DSCR does not meet the Minimum DSCR allowed Resolved-No minimum DSCR for InvestorX 1-4 Units. The Calculated DSCR of 0.82 is equal to or exceeds the minimum DSCR per lender guidelines. - Due Diligence Vendor-06/12/2026

Ready for Review-Accept DSCR as 0.82 but the guidelines state "A 5% LTV reduction (from the DSCR program maximums) will be applied when the property is used as a STR." The guideline maximum for DSCR at this FICO is 80% the reduction does not apply to the 75% max LTV for DSCR 0.75-0.99. So the STR reduction limits the LTV to 75%. not 70%. Please clear finding.  - Seller-06/12/2026

Ready for Review-Document Uploaded. The Host payout is the amount actually sent to the property owner - which means the XXXX fees have already been deducted see attached  There is also a LOE from the borrower's confirming that the income earned through XXXX is NET income also attached - Seller-06/12/2026

Counter-Received xpl, however there was no printout of gross rent - deductions to verify all fees and operating costs associated with the operation of STR have been deducted. GL 15.4 states how DSCR is calculated followed by " Short Term Rental (STR) Income can be used to qualify with a 20% reduction from gross monthly rents to account for operating costs associated with the operation of an STR as compared to a LTR property. " condition remains. - Due Diligence Vendor-06/12/2026

Ready for Review-The accounting from XXXX is net income, so we do not reduce the income by 20%, since the fee's are taken out by XXXX please clear - Seller-06/11/2026

Open-The Calculated DSCR of '0.823' is less than the minimum DSCR per lender guidelines of '1'. Lender calculated DSCR > 1 using 100%  of short term rents-Short Term Rental (STR) Income can be used to qualify with a 20% reduction from gross monthly rents to account for operating costs associated with the operation of an STR as compared to a LTR property.   Resulting DSCR is < 1. - Due Diligence Vendor-06/01/2026
Ready for Review-Accept DSCR as 0.82 but the guidelines state "A 5% LTV reduction (from the DSCR program maximums) will be applied when the property is used as a STR." The guideline maximum for DSCR at this FICO is 80% the reduction does not apply to the 75% max LTV for DSCR 0.75-0.99. So the STR reduction limits the LTV to 75%. not 70%. Please clear finding.  - Seller-06/12/2026
 Ready for Review-Document Uploaded. The Host payout is the amount actually sent to the property owner - which means the XXXX fees have already been deducted see attached  There is also a LOE from the borrower's confirming that the income earned through XXXX is NET income also attached - Seller-06/12/2026
 Ready for Review-The accounting from XXXX is net income, so we do not reduce the income by 20%, since the fee's are taken out by XXXX please clear - Seller-06/11/2026
Resolved-No minimum DSCR for InvestorX 1-4 Units. The Calculated DSCR of 0.82 is equal to or exceeds the minimum DSCR per lender guidelines. - Due Diligence Vendor-06/12/2026

Months Reserves exceed minimum required - 9 months reserves documented, 6 months required

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 762
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Refinance Cash Out - Other N/A N/A XXXX
XXXX 2192309 XXXX A A A A A A A A             A A                 XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Refinance Cash Out - Other     XXXX
XXXX 2186745 XXXX C A A A A A C A Closed FPRO5555 2026-06-02 09:51 2026-06-02 11:15 Resolved 1 - Information C A Property Value AVM FSD/Confidence Score Does Not Meet Minimum Requirement Resolved-AVM provided with a low confidence score. Guidelines do not have a minimum AVM score requirement. May result in pricing adjustment - Due Diligence Vendor-06/02/2026

Open-Secondary valuation not entered per SEC requirements. FSD score 75. A desk review to support value is required. - Due Diligence Vendor-06/02/2026
  Resolved-AVM provided with a low confidence score. Guidelines do not have a minimum AVM score requirement. May result in pricing adjustment - Due Diligence Vendor-06/02/2026

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 698 is higher than the required 640 Required is 640 Borrower has 698

LTV is less than guideline maximum - LTV 70% is lower than maximum 75% Required is 75 Borrower has 70
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Refinance Cash Out - Other N/A N/A XXXX
XXXX 2186742 XXXX D A D A A A A A Closed FPRO1255 2026-06-02 08:01 2026-06-08 13:57 Resolved 1 - Information D A Credit Missing Doc - Credit HOA Questionnaire Document is Missing Resolved-REceived  HOA Questionnaire - Due Diligence Vendor-06/08/2026

Ready for Review-Document Uploaded. HOA questionnaire provided. Please clear.  - Seller-06/05/2026

Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Missing condo questionnaire  - Due Diligence Vendor-06/02/2026
Ready for Review-Document Uploaded. HOA questionnaire provided. Please clear.  - Seller-06/05/2026

Resolved-REceived  HOA Questionnaire - Due Diligence Vendor-06/08/2026

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 775 is higher than the required 640 Required is 640 Borrower has 775

LTV is less than guideline maximum - LTV 23.05% is lower than maximum 75% Required is 75 Borrower has 23.05
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Refinance Cash Out - Other N/A N/A XXXX
XXXX 2192318 XXXX A A A A A A A A             A A                 XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Refinance Cash Out - Other     XXXX
XXXX 2182104 XXXX D B D B A A A A Closed FCRE1477 2026-06-05 14:29 2026-06-09 15:38 Resolved 1 - Information D A Credit Missing Doc Asset 11 Missing Resolved-Account was new; out of those 60 days, only 22 days had an available history with deposits sourced. - Due Diligence Vendor-06/09/2026
Counter-Received VOA reflecting only 22 days.  Please provide verification reflecting 1 full month total to meet guideline requirement - Due Diligence Vendor-06/09/2026
Ready for Review-Document Uploaded. XXXX account  - Seller-06/08/2026
Open-Asset 11 Missing Missing documentation of XXXX supporting assets as per the final 1003 - Due Diligence Vendor-06/05/2026
Ready for Review-Document Uploaded. XXXX account  - Seller-06/08/2026
Resolved-Account was new; out of those 60 days, only 22 days had an available history with deposits sourced. - Due Diligence Vendor-06/09/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 756

LTV is less than guideline maximum - Required is 75 Borrower has 55
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Purchase NA N/A N/A XXXX
XXXX 2182104 XXXX D B D B A A A A Closed FCRE1510 2026-06-04 09:51 2026-06-09 13:49 Resolved 1 - Information C A Credit Closing Issues exist on the Mortgage Document (Deed of Trust) Resolved-Received complete security instrument inclusive of Prepayment Rider - Due Diligence Vendor-06/09/2026

Ready for Review-Document Uploaded. mtg with pp rider - Seller-06/08/2026

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. MISSING PREPAYMENT RIDER ON DOT.  - Due Diligence Vendor-06/04/2026
Ready for Review-Document Uploaded. mtg with pp rider - Seller-06/08/2026

Resolved-Received complete security instrument inclusive of Prepayment Rider - Due Diligence Vendor-06/09/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 756

LTV is less than guideline maximum - Required is 75 Borrower has 55
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Purchase NA N/A N/A XXXX
XXXX 2182104 XXXX D B D B A A A A Closed FCRE1158 2026-06-05 14:05 2026-06-09 13:47 Resolved 1 - Information D A Credit Missing Doc Hazard Insurance Policy is Partial Resolved-Received evidence of insurance reflecting premium and policy number - Due Diligence Vendor-06/09/2026

Ready for Review-Document Uploaded. insurance showing premium  - Seller-06/09/2026

Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Missing evidence of premium as per the first payment letter - Due Diligence Vendor-06/05/2026
Ready for Review-Document Uploaded. insurance showing premium  - Seller-06/09/2026

Resolved-Received evidence of insurance reflecting premium and policy number - Due Diligence Vendor-06/09/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 756

LTV is less than guideline maximum - Required is 75 Borrower has 55
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Purchase NA N/A N/A XXXX
XXXX 2182104 XXXX D B D B A A A A Closed FCRE2244 2026-06-08 07:46 2026-06-08 09:01 Waived 2 - Non-Material C B Credit Eligibility Property Does Not Meet Guidelines (credit) Waived-Originator exception granted to allow 8 Unit residential property which consists of two buildings, Non-material waiver applied with comp factors.  non-material due to LTV and FICo - Due Diligence Vendor-06/08/2026

Open-Property Issues are identified for the property 8 unit property in 2 buildings in not eligible.  Lender exception in file.  - Due Diligence Vendor-06/08/2026
  Waived-Originator exception granted to allow 8 Unit residential property which consists of two buildings, Non-material waiver applied with comp factors.  non-material due to LTV and FICo - Due Diligence Vendor-06/08/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 756

LTV is less than guideline maximum - Required is 75 Borrower has 55
LTV 10% or more below requirement.
Fico 20 points or more above requirement
XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Purchase NA Originator Post-Close Yes XXXX
XXXX 2192316 XXXX C A C A A A C A Closed FCRE8013 2026-06-05 04:53 2026-06-12 10:23 Resolved 1 - Information C A Credit Eligibility Purchase Contract Issue Resolved-Received addemdum reducing price from XXXX to  XXXX and ALTA, mirroring CD and closing worksheet.  - Due Diligence Vendor-06/12/2026
Ready for Review-Document Uploaded. please find addendum and fss  - Seller-06/10/2026
Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Missing updated contract addendum for the correct sales price of XXXX per CD and closing worksheet  - Due Diligence Vendor-06/05/2026
Ready for Review-Document Uploaded. please find addendum and fss  - Seller-06/10/2026

Resolved-Received addemdum reducing price from XXXX to  XXXX and ALTA, mirroring CD and closing worksheet.  - Due Diligence Vendor-06/12/2026
LTV is less than guideline maximum - Required is 80 Borrower has 75 LTV 75% is lower than maximum 80%

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 763 is higher than the required 680 Required is 700 Borrower has 763
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Purchase NA N/A N/A XXXX
XXXX 2192316 XXXX C A C A A A C A Closed FPRO5555 2026-06-05 04:43 2026-06-05 10:27 Resolved 1 - Information C A Property Value AVM FSD/Confidence Score Does Not Meet Minimum Requirement Resolved-AVM provided with a low confidence score. Guidelines do not have a minimum AVM score requirement. May result in pricing adjustment - Due Diligence Vendor-06/05/2026

Open-Secondary valuation not entered per SEC requirements. FSD score 88. A desk review to support value is required. - Due Diligence Vendor-06/05/2026
  Resolved-AVM provided with a low confidence score. Guidelines do not have a minimum AVM score requirement. May result in pricing adjustment - Due Diligence Vendor-06/05/2026

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

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 763 is higher than the required 680 Required is 700 Borrower has 763
  XXXX ATR/QM: Exempt ATR/QM: Exempt XXXX XX Investment Purchase NA N/A N/A XXXX
XXXX 2183811 XXXX C A C A C A A A Closed FCRE1506 2026-06-24 10:29 2026-06-26 17:46 Resolved 1 - Information C A Credit QM-ATR Invalid Final QM Status - ATR/QM: Status Pending Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-06/26/2026

Ready for Review-April was on the same PDF with May , please revisit and kindly advise  - Seller-06/26/2026

Counter-Pending receipt of April rent payment - Due Diligence Vendor-06/26/2026

Ready for Review-Document Uploaded. Please see attached - Seller-06/25/2026

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing -VOR  - Due Diligence Vendor-06/24/2026
Ready for Review-April was on the same PDF with May , please revisit and kindly advise  - Seller-06/26/2026

 Ready for Review-Document Uploaded. Please see attached - Seller-06/25/2026

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-06/26/2026

LTV is less than guideline maximum -   Required is 90 Borrower has 85

Qualifying FICO score is at least 20 points above minimum for program -   Required is 680 Borrower has 761

Qualifying DTI below maximum allowed -   Required is 50 Borrower has 38.95
  XXXX QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) XXXX XX Primary Residence Purchase NA N/A N/A XXXX
XXXX 2183811 XXXX C A C A C A A A Closed FCRE1494 2026-06-24 15:59 2026-06-26 17:46 Resolved 1 - Information C A Credit QM-ATR ATR: Qualifying Payment Not Properly Considered Resolved-Received amended 1008 - Due Diligence Vendor-06/26/2026

Ready for Review-Document Uploaded. There are no Other taxes or monthly fees  , please see attached revised 1008.  - Buyer-06/25/2026

Open-ATR:  Qualifying Payment Not Properly Considered Missing documentation to support the other $150 included in the subject's proposed PITIA per the 1008 - Due Diligence Vendor-06/24/2026
  Resolved-Received amended 1008 - Due Diligence Vendor-06/26/2026

LTV is less than guideline maximum -   Required is 90 Borrower has 85

Qualifying FICO score is at least 20 points above minimum for program -   Required is 680 Borrower has 761

Qualifying DTI below maximum allowed -   Required is 50 Borrower has 38.95
  XXXX QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) XXXX XX Primary Residence Purchase NA N/A N/A XXXX
XXXX 2183811 XXXX C A C A C A A A Closed FCRE1440 2026-06-23 17:58 2026-06-26 17:45 Resolved 1 - Information C A Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Housing History Meets Guideline Requirements. After further review- Received lease and XXXX rental payments. File now contains XXXX proof of payments. 12 mo housing history has been satisfied. - Due Diligence Vendor-06/26/2026
Ready for Review-April was on the same PDF with May , please revisit and kindly advise  - Buyer-06/26/2026
Counter-Received lease and May payment.  Missing XXXX payment (file contains XXXX of payment) - Due Diligence Vendor-06/26/2026
Ready for Review-Document Uploaded. Please see attached VOR  - Seller-06/25/2026
Open-Housing History Does Not Meet Guideline Requirements Missing - VOR / 12 months payment history on primary residence.  - Due Diligence Vendor-06/23/2026
Ready for Review-Document Uploaded. Please see attached VOR  - Seller-06/25/2026

Resolved-Housing History Meets Guideline Requirements. After further review- Received lease and XXXX rental payments. File now contains XXXX proof of payments. 12 mo housing history has been satisfied. - Due Diligence Vendor-06/26/2026
LTV is less than guideline maximum -   Required is 90 Borrower has 85

Qualifying FICO score is at least 20 points above minimum for program -   Required is 680 Borrower has 761

Qualifying DTI below maximum allowed -   Required is 50 Borrower has 38.95
  XXXX QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) XXXX XX Primary Residence Purchase NA N/A N/A XXXX
XXXX 2183811 XXXX C A C A C A A A Closed finding-3625 2026-06-23 12:34 2026-06-26 14:04 Resolved 1 - Information C A Compliance TRID TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" Validation Test Resolved-Upon further review, no additional documentation is required. Finding resolved. - Due Diligence Vendor-06/26/2026
Ready for Review-Document Uploaded. Please see attached final PCCD - Buyer-06/25/2026
Open-This loan failed the TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" validation test.This loan contains a fee or fees where "compensation to" is set to the lender or broker but this fee or fees should not be retained by the lender or broker."Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" should contain an itemization of each amount, and a subtotal of all such amounts, the consumer will pay for settlement services for which the consumer cannot shop in accordance with Regulation Z and that are provided by persons other than the creditor or mortgage broker. -----Credit Report Fee in section B is payable to Lender/Broker however, fees paid to Lender or Broker must be in section A. If the fee is to remain in section B, it must state FBO (for the benefit of) to said Vendor. Provide a post close CD with correction within 60 days of discovery date. Statute of Limitations - 1 year, expiration date XXXX - Due Diligence Vendor-06/23/2026
  Resolved-Upon further review, no additional documentation is required. Finding resolved. - Due Diligence Vendor-06/26/2026

LTV is less than guideline maximum -   Required is 90 Borrower has 85

Qualifying FICO score is at least 20 points above minimum for program -   Required is 680 Borrower has 761

Qualifying DTI below maximum allowed -   Required is 50 Borrower has 38.95
  XXXX QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) XXXX XX Primary Residence Purchase NA N/A N/A XXXX
XXXX 2183811 XXXX C A C A C A A A Closed FCRE1159 2026-06-23 16:46 2026-06-26 13:02 Resolved 1 - Information C A Credit Insurance Hazard Insurance Effective Date is after the Note Date Resolved-Upon further review, distribution date was XXXX and hazard effective date is acceptable.  - Due Diligence Vendor-06/26/2026
Ready for Review-as per the PCCD in file the loan was funded on XXXX, please recheck page 22 on the legal package - Seller-06/25/2026
Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX Disbursement date XXXX - Due Diligence Vendor-06/23/2026
Ready for Review-as per the PCCD in file the loan was funded on XXXX , please recheck page 22 on the legal package - Seller-06/25/2026
Resolved-Upon further review, distribution date was XXXX and hazard effective date is acceptable.  - Due Diligence Vendor-06/26/2026
LTV is less than guideline maximum -   Required is 90 Borrower has 85

Qualifying FICO score is at least 20 points above minimum for program -   Required is 680 Borrower has 761

Qualifying DTI below maximum allowed -   Required is 50 Borrower has 38.95
  XXXX QM: Safe Harbor APOR (APOR SH) QM: Safe Harbor APOR (APOR SH) XXXX XX Primary Residence Purchase NA N/A N/A XXXX