MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM9 ABS-15G
Exhibit 99.4 - Schedule 2
| Client Name: | ||||||
| Client Project Name: | MSRM 2026-NQM9 | |||||
| Start - End Dates: | 12/9/2025 - 7/2/2026 | |||||
| Deal Loan Count: | 84 | |||||
| Conditions Report 2.0 | ||||||
| Loans in Report: | 84 | |||||
| Loans with Conditions: | 46 | |||||
| 1 - Total Active Conditions | ||||||
| 1 - Non-Material Conditions | ||||||
| 1 - Compliance Review Scope | ||||||
| 1 - Category: Right of Rescission | ||||||
| 88 - Total Satisfied Conditions | ||||||
| 64 - Credit Review Scope | ||||||
| 1 - Category: Ability to Repay/Qualified Mortgage | ||||||
| 3 - Category: Application | ||||||
| 6 - Category: Assets | ||||||
| 5 - Category: Credit/Mtg History | ||||||
| 3 - Category: DTI | ||||||
| 9 - Category: Income/Employment | ||||||
| 4 - Category: Insurance | ||||||
| 20 - Category: Legal Documents | ||||||
| 10 - Category: Terms/Guidelines | ||||||
| 3 - Category: Title | ||||||
| 9 - Property Valuations Review Scope | ||||||
| 6 - Category: Appraisal | ||||||
| 1 - Category: FEMA | ||||||
| 2 - Category: Property | ||||||
| 15 - Compliance Review Scope | ||||||
| 2 - Category: Ability to Repay/Qualified Mortgage | ||||||
| 1 - Category: Documentation | ||||||
| 2 - Category: RESPA | ||||||
| 1 - Category: Right of Rescission | ||||||
| 9 - Category: TILA/RESPA Integrated Disclosure | ||||||
| 16 - Total Waived Conditions | ||||||
| 9 - Credit Review Scope | ||||||
| 3 - Category: Income/Employment | ||||||
| 1 - Category: LTV/CLTV | ||||||
| 5 - Category: Terms/Guidelines | ||||||
| 7 - Property Valuations Review Scope | ||||||
| 7 - Category: Appraisal | ||||||
| ©2026 Clayton Services LLC. All rights reserved. Ownership and use of this report is governed by the legal agreement between Clayton and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited. |
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| Client Name: | ||||||||||||||||||||||||||||||||||||
| Client Project Name: | MSRM 2026-NQM9 | |||||||||||||||||||||||||||||||||||
| Start - End Dates: | 12/9/2025 - 7/2/2026 | |||||||||||||||||||||||||||||||||||
| Deal Loan Count: | 84 | |||||||||||||||||||||||||||||||||||
| Conditions Report 2.0 | ||||||||||||||||||||||||||||||||||||
| Loans in Report: | 84 | |||||||||||||||||||||||||||||||||||
| Loans with Conditions: | 46 | |||||||||||||||||||||||||||||||||||
| Loan Number | Original Principal Balance | State | Initial Lender ATR/QM Status | Loan Level ATR/QM Status | Initial Securitization Overall Loan Grade | Final Securitization Overall Loan Grade | Initial Securitization Credit Loan Grade | Final Securitization Credit Loan Grade | Initial Securitization Property Valuations Loan Grade | Final Securitization Property Valuations Loan Grade | Initial Securitization Compliance Loan Grade | Final Securitization Compliance Loan Grade | Initial S&P Overall Loan Grade | Final S&P Overall Loan Grade | Initial S&P Credit Loan Grade | Final S&P Credit Loan Grade | Initial S&P Property Valuations Loan Grade | Final S&P Property Valuations Loan Grade | Initial S&P Compliance Loan Grade | Final S&P Compliance Loan Grade | Condition Category | Condition Sub Category | Condition Status | Initial Securitization Condition Grade | Final Securitization Condition Grade | Initial S&P Condition Grade | Final S&P Condition Grade | Condition Code | Condition Description | Condition Material Indicator | Initial Comments | Client/Seller Response Comments | Conclusion Comments | TRID Error Type | Cure Method | Compensating Factors |
| 10284721 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | A | A | A | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Please provide date of receipt for LE XXX. | Disclosure Tracking details provided. | Satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - XXX Comments: The fico score of 772 exceeds min score of 700. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 284.92 months of reserves exceed guideline requirement of 6 months. |
| 10284721 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | The loan file does not contain mortgage statements to verify full PITI for XXX | Documentation provided to cure. | Documentation provided to cure. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - XXX Comments: The fico score of 772 exceeds min score of 700. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 284.92 months of reserves exceed guideline requirement of 6 months. |
| 10325952 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | LTV/CLTV | Waived | C | B | C | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | According to guidelines, maximum LTV for Owner Occupied for a primary residence in a Rural area is 75%. In this case, the loan was approved at 80% LTV. | (No Data) | An exception was approved for the guideline deviation. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Qualifying DTI (Back) of 31.53% is 18.47% below the 50% allowed. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 740 is 40 points above the 700 required. |
| 10325955 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 704 is 44 points above the 660 minimum allowed. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 12.09 months PITIA are 6.09 months greater than the 6 months required reserves. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has 10 years at current residence. | |||||||||||||||
| 10357751 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - XXX Comments: 10 yrs CFCFS2854: Significant time in profession - XXX Comments: 25 yrs 5 mos | |||||||||||||||
| 10357752 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 691 is 31 points above the 660 minimum required. CFCFS5269: Minimal use of credit - XXX Comments: Borrower has 12.88% revolving credit utilization. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 44.05 months PITIA are 38.05 months greater than the 6 months required. CFCFS1744: DTI below guideline requirement - XXX Comments: Qualifying DTI of 3.38% is 46.62% below the 50% max allowed. | |||||||||||||||
| 10325945 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | Property | Satisfied | C | A | C | A | PRVAPROP177 | Property Issues Indicated | No | Rapid appreciation of value with little to no post purchase work performed. Purchased XXX via MLS listed sale of $XXX, now worth $XXX on XXX | XXX has agreed to clear condition. | Condition satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 780 is 120 points above the 660 required. CFCFS5269: Minimal use of credit - XXX Comments: Minimal credit utilization ratio of 11.42%. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has 13 years 5 months at current residence. CFCFS2854: Significant time in profession - XXX Comments: Borrower has 30 years 0 months in profession. |
| 10326100 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of 65.45% is 14.55% below the 80% LTV allowed. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 762 is 62 points above the 700 required. | |||||||||||||||
| 10325961 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS5269: Minimal use of credit - XXX Comments: Minimal usage of available revolving credit lines @ 0.0% CFCFS1736: Significant time at current residence - XXX Comments: Borrower has 5 years at current residence. CFCFS1739: Positive mortgage payment history - XXX Comments: Borrowers have 65 months mortgage payment history 0x30. | |||||||||||||||
| 10325963 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 190.86 months PITIA is 184.86 months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 768 is 108 points above the 660 required. | |||||||||||||||
| 10326115 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 781 exceeds the guideline of 660. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 19.52 months PITI exceeds the 0 months reserves requirement. CFCFS1744: DTI below guideline requirement - XXX Comments: Qualifying DTI of 39.58% is below the guideline requirement of 50%. | |||||||||||||||
| 10326125 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS5269: Minimal use of credit - XXX Comments: Borrower has 10.96% revolving credit utilization. CFCFS1744: DTI below guideline requirement - XXX Comments: Qualifying DTI of 23.34% is 26.66% below the 50% max allowed. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 22.62 months PITIA are 16.62 months greater than the 6 months required. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 781 is 101 points above the 680 minimum required. | |||||||||||||||
| 10326138 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL988 | Loan File is Missing or Contains Insufficient Documentation for Basic Review | No | Documentation that the borrower is at least XXX% owner of the business by provided a CPA letter, tax preparer letter, operating agreement, or equivalent; reflecting the borrower's ownership percentage, is missing from the loan file. | Documentation verifying 100% ownership provided. | Condition satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: 28.83% DTI is low. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 739 qualifying score is 79 points > 660 requirement. |
| 10326143 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL3954 | Missing POA (Power of Attorney) | No | According to guidelines, A LOE describing the reason for using a POA is required. NOTE contains POA for primary non-occupant borrower (XXX), please provide LOE for the reason for using a POA. | (No Data) | Document provided to cure. | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Minimal usage of available revolving credit lines @ 2.48% CFCFS1736: Significant time at current residence - XXX Comments: Primary (XXX) Borrower has 7 years at current residence. |
| 10326147 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 59.40 months PITIA is 53.40 months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 723 is 63 points above the 660 required. CFCFS1744: DTI below guideline requirement - XXX Comments: Qualifying DTI (Back) of 27.40% is 22.60% below the 50% allowed. | |||||||||||||||
| 10325949 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH1805 | Debts/obligations not disclosed/accounted for at origination | No | Missing verification of the new auto loan payment opened from the XXX inquiry with XXX. Payment amount is missing from the current DTI of 39.99%. | verification of the new auto loan payment provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 23.02 months PITI exceed the DU/AUS requirement of 0 months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 809 exceeds the guideline of 660. |
| 10325949 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | Missing a copy of the Divorce Decree referenced on the title commitment to verify the disposition of the other real estate owned at XXX. | Divorce Decree provided verifying property awarded to ex-spouse. | Condition satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 23.02 months PITI exceed the DU/AUS requirement of 0 months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 809 exceeds the guideline of 660. |
| 10325949 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER3122 | Loan documents do not meet guideline requirements | No | Missing the property tax rate/millage rate to calculate the property taxes on the land + SFR. Current property taxes are assessed on the vacant land value only. Escrowed tax amount was $100/month. | The house was built in XXX. The house has already been fully assessed. Under Title Report labeled Tax Sheet shows fully assessed tax bill of $1082.56. Appraisal also supports tax bill of $1083. | Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 23.02 months PITI exceed the DU/AUS requirement of 0 months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 809 exceeds the guideline of 660. |
| 10325949 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER2548 | Missing AUS or AUS errors present | No | Provide an updated AUS DU run with the accurate loan terms including loan amount, value, income figure, DTI, cash in hand, taxes & insurance figures. | Lender verified this was a manual underwritten loan and not Flex | Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 23.02 months PITI exceed the DU/AUS requirement of 0 months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 809 exceeds the guideline of 660. |
| 10326164 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2854: Significant time in profession - XXX Comments: Borrower has been in same profession for 6 years CFCFS2860: Good credit history - XXX Comments: Borrower has 0x30 for 68 months. CFCFS5269: Minimal use of credit - XXX Comments: Minimal usage of available revolving credit lines @ 20.04% | |||||||||||||||
| 10326165 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 771 is 71 points above the 700 required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 140.35 months PITIA is 134.35 months greater than the 6 months reserves required. | |||||||||||||||
| 10326166 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 699 is 39 points above the 660 minimum required. CFCFS1734: Borrower has significant time at current job - XXX Comments: Borrower has 23 years and 4 months at current job. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has 15 years and 1 month at current residence. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV of 54.84% is 20.16% below the 75% max allowed. CFCFS1744: DTI below guideline requirement - XXX Comments: Qualifying DTI of 42.20% is 7.8% below the 50% max allowed. | |||||||||||||||
| 10326167 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4631 | Loan parameters do not meet guidelines | No | Non-Warrantable condo; Single Entity Owner owns XXX% of the units (23 out of 47 total). Lender approval is on file. | (No Data) | Exception approved by XXX and in file | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Borrower has 7.23% revolving credit utilization. CFCFS1744: DTI below guideline requirement - XXX Comments: Qualifying DTI of 38.81% is 11.19% below the 50% max allowed. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 738 is 78 points above the 660 minimum allowed. |
| 10326172 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS5269: Minimal use of credit - XXX Comments: Minimal usage of available revolving credit lines @ 21.88% CFCFS2854: Significant time in profession - XXX Comments: Borrower has been in same profession for 16 years. CFCFS2860: Good credit history - XXX Comments: Borrower has 0x30 for 99 months. | |||||||||||||||
| 10325970 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2854: Significant time in profession - XXX Comments: 26 yrs 3 mos CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: $XXX reserves in file; 20.20 months PITIA. Required reserves are $XXX x 6 = $XXX. | |||||||||||||||
| 10326176 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 726 is 66 points above the 660 required CFCFS1744: DTI below guideline requirement - XXX Comments: Qualifying DTI (Back) of 10.53% is 39.47% below the 50% allowed. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 25.70 months PITIA is 19.70 months greater than the 6 months reserves required. | |||||||||||||||
| 10326181 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS5269: Minimal use of credit - XXX Comments: Minimal usage of available revolving credit lines @ 12.32% CFCFS2860: Good credit history - XXX Comments: Borrower has 0x30 for 99 months. CFCFS1736: Significant time at current residence - XXX Comments: Borrower has 6 years and 4 months at current residence. | |||||||||||||||
| 10326182 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - XXX Comments: Low LTV 59% < GL 75% CFCFS2860: Good credit history - XXX Comments: 0 x 30 > 24 months | |||||||||||||||
| 10326186 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | The HOA statement for XXX or attestation that there is no HOA is missing from the loan file. | Document provided to show no HOA is listed on XXX | Satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - XXX Comments: 776 qualifying score is 76 points > 700 requirement. CFCFS1739: Positive mortgage payment history - XXX Comments: Borrower has positive mortgage payment history reported on credit report 0X30/ 0X60/ 0X90. |
| 10326193 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC3204 | Income Documentation Missing | No | Missing the month of June 2024 Business Bank Statements for XXX | Missing statement provided | cleared | (No Data) | Not Applicable | CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - XXX Comments: Borrower does not have any major mortgage related occurrences during the past two years. CFCFS2854: Significant time in profession - XXX Comments: Borrower has 28 years 0 months in profession. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 14.79 months PITIA is 8.79 months greater than the 6 months reserves required. |
| 10326195 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Income/Employment | Waived | B | B | B | B | CRDINC2408 | Income verification does not meet guidelines | No | According to guidelines: Multiple bank accounts may be used, but a combination of personal business statement documentation and business bank statement documentation is prohibited. XXX utilized from XXX toXXX & XXX utilized from XXX-XXX | (No Data) | Exception approved by XXX and in file. | (No Data) | Not Applicable | CFCFS2854: Significant time in profession - XXX Comments: Borrower has been in same profession for 7 years. CFCFS5269: Minimal use of credit - XXX Comments: Minimal usage of available revolving credit lines @ 16.10% CFCFS1736: Significant time at current residence - XXX Comments: 5 years at primary residence |
| 10326207 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 772 is 52 points above the 720 required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 41.80 months PITIA is 35.80 months greater than the 6 months reserves required. | |||||||||||||||
| 10326212 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | A | A | C | B | C | B | C | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3640 | TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided | No | Zero Tolerance Fee increased without a valid reason due to HOA Cert Fee was added on Final CD XXX for $283.55. Missing a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower. | (No Data) | Lender provided COC - Exception satisfied. | Numeric | Not Applicable | CFCFS1739: Positive mortgage payment history - XXX Comments: Borrowers have 93 months mortgage payment history 0x30. CFCFS1736: Significant time at current residence - XXX Comments: Borrowers has 5 years at current residence. CFCFS2860: Good credit history - XXX Comments: Borrower has 0x30 for 99 months. |
| 10326212 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | A | A | C | B | C | B | C | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3646 | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided | No | Ten Percent Tolerance Fee increased without a valid reason. Recording Fee was $3135 on the initial LE XXX increased on Initial CD XXX to $5297.00 for an increased of $1848.50. Missing a valid Change of Circumstance(s), or Post close CD, LOX and copy of refund check to borrower. | (No Data) | Lender provided COC - Exception satisfied. | Numeric | Not Applicable | CFCFS1739: Positive mortgage payment history - XXX Comments: Borrowers have 93 months mortgage payment history 0x30. CFCFS1736: Significant time at current residence - XXX Comments: Borrowers has 5 years at current residence. CFCFS2860: Good credit history - XXX Comments: Borrower has 0x30 for 99 months. |
| 10326212 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | A | A | C | B | C | B | C | A | A | A | C | B | Credit | Assets | Satisfied | C | A | C | A | CRDAST206 | Asset Amounts Are Unsupported by Documentation in File | No | Please provide the following asset statements as per FINAL 1003 for funds to close and reserves:1. XXX #X XX - $XXX2. XXX #X XX - $XXX3. XXX #X XX - $XXX4. XXX #X XX - $XXX5. XXX #X XX - $XXX6. XXX #X XX - $XXX7. XXX #X XX - $XXX8. XXX #X XX - $XXX9. XXX #X XX - $XXX | asset docs provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1739: Positive mortgage payment history - XXX Comments: Borrowers have 93 months mortgage payment history 0x30. CFCFS1736: Significant time at current residence - XXX Comments: Borrowers has 5 years at current residence. CFCFS2860: Good credit history - XXX Comments: Borrower has 0x30 for 99 months. |
| 10326212 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | A | A | C | B | C | B | C | A | A | A | C | B | Credit | Assets | Satisfied | C | A | C | A | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | Required reserves in the amount of $XXX needs to be verified: $XXX x 3 | asset docs provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1739: Positive mortgage payment history - XXX Comments: Borrowers have 93 months mortgage payment history 0x30. CFCFS1736: Significant time at current residence - XXX Comments: Borrowers has 5 years at current residence. CFCFS2860: Good credit history - XXX Comments: Borrower has 0x30 for 99 months. |
| 10326212 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | A | A | C | B | C | B | C | A | A | A | C | B | Credit | Title | Satisfied | C | A | C | A | CRDTIL875 | Title Does Not Agree With Mortgage | No | Please provide updated title with correct vesting. NOTE is in the name of XXX Trust. | Final Title Policy provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1739: Positive mortgage payment history - XXX Comments: Borrowers have 93 months mortgage payment history 0x30. CFCFS1736: Significant time at current residence - XXX Comments: Borrowers has 5 years at current residence. CFCFS2860: Good credit history - XXX Comments: Borrower has 0x30 for 99 months. |
| 10326230 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | Documentation | Satisfied | C | A | C | A | CMPDOC255 | Compliance: Missing or Incomplete Addendum or Rider. | No | Missing Prepayment Penalty Addendum to the Note. | (No Data) | Prepayment penalty addendum provided. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 722 is 62 points above the 660 required. |
| 10326247 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 33.72 months PITIA is 30.72 months greater than the 3 months reserves required. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 807 is 147 points above the 660 required. | |||||||||||||||
| 10326249 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER3122 | Loan documents do not meet guideline requirements | No | An Exception Approval was placed in the loan file for, SB326 inspection did not note any immediate life safety repairs, however, did recommend repairs on pages 10-12 to be completed in a timely fashion. Subject unit is not identified on the list of recommended repairs. Per email from HOA has begun process and selected a contractor to begin work. Guardrail repairs scheduled this week and remaining repairs to be completed within 120-150 days.XXX. Client Approved Exception. Copy in loan file. | An Exception Approval was placed in the loan file | Waived | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: 25.20% DTI is low. CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 0.54%. |
| 10326251 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Income/Employment | Waived | B | B | B | B | CRDINC126 | Length of employment/self-employment does not meet guidelines | No | Borrower has less than two years of XXX. Borrower's business has been in operation since XXX. An exception approval is in the file. | (No Data) | An exception approval is in the file. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 40.25 months PITIA is 34.25 months greater than the 6 months reserves required. CFCFS5269: Minimal use of credit - XXX Comments: Minimal usage of available revolving credit lines @ 2.05% CFCFS2860: Good credit history - XXX Comments: Borrower has 0x30 for 99 months. |
| 10357793 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3646 | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided | No | Ten percent Tolerance Fee of $75 due to Recording Fee increased from $200 on CD XXX to $295 on CD XXX. Missing a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower. | (No Data) | Lender provided LOX with $75.00 refund - Exception satisfied. | Numeric | Not Applicable | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Qualifying FICO of 682 is 22 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 15.81 months PITIA is 9.81 months greater than the 6 months reserves required. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Compliance | Ability to Repay/Qualified Mortgage | Satisfied | D | A | D | A | CMPATRQM3220 | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. | No | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. | (No Data) | Cleared | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Compliance | RESPA | Satisfied | B | A | B | A | CMPRESPA2698 | RESPA - List of homeowners counseling organizations not in file | No | Please provide a missing copy of homeowners counseling organizations document | (No Data) | Homeownership counseling form provided | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3676 | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation. | No | $ XXX Zero Percent Tolerance Violation due to increase in Title settlement fee from $XXX to $XXX, Title exam fee of $XXX to $XXX , Title endorsement fee of $XXX to $XXX, warehouse fee of $XXX to $XXX, courier fee of $XXX to $XXX and a wire fee of $0.00 to $85.00 on Final CD XXX without a valid Change in Circumstance (CIC). Requires CIC, or corrected PCCD, copy of refund check, LOX and verification of shipping. | COC provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Ability to Repay/Qualified Mortgage | Satisfied | C | A | C | A | CRDATRQM3124 | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination. | No | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination. | (No Data) | Cleared | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Assets | Satisfied | C | A | C | A | CRDAST205 | Insufficient Funds to Close | No | Asset documentation is missing from the loan file. Provide assets in the amount of $XXX as stated on the 1003. Assets must cover funds to close in the amount of $XXX and 3 months reserves in the amount of $XXX for a total of $XXX. | Asset documentation provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Assets | Satisfied | D | A | D | A | CRDAST2304 | Unverified Assets | No | Per the 1003 borrower received gift funds in the amount of $XXX; however, no gift documentation was provided in the loan file. | gift letter and withdrawal provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Credit/Mtg History | Satisfied | B | A | B | A | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | # of Tradelines Does Not Meet Guideline Requirements | (No Data) | Credit report provided for cure | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Credit/Mtg History | Satisfied | D | A | D | A | CRDCRMH189 | Missing credit report | No | The credit report is missing from the loan file. | credit report provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Verbal verification of employment missing | XXX ownership verification provided. | Condition satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC2302 | Missing Required Income Documentation | No | Per the lock agreement loan was underwritten using 1 yr tax returns; however, no income documentation was provided in the loan file. | income docs provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR289 | Insufficient Hazard Insurance Coverage | No | The hazard insurance coverage amount of $200,000 is less than the minimum amount of $XXX. Provide an update policy or evidence of replacement cost coverage. | RCE letter from insurer provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR2400 | Missing Flood Certification Document | No | The Flood Certificate is missing from the loan file. Per First Payment Letter flood insurance is included on the loan, if property is located in a Flood Zone provide evidence of the Flood Insurance policy. | flood cert provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER5785 | SG Capital Delivery Restrictions -1 | No | If no open and active mortgage appears on the initial credit report, pre-approval is required. | A pre-approval was provided for the housing history. | cleared | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Terms/Guidelines | Satisfied | D | A | D | A | CRDTER146 | Missing lender's loan approval/underwriting form | No | The 1008 Transmittal Summary is missing from the loan file. | 1008 provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10326271 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Credit | Title | Satisfied | D | A | D | A | CRDTIL796 | Missing Title | No | The Title Commitment is missing from the loan file. | title provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Low DTI of 22.43%. |
| 10357815 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | D | A | A | A | D | A | D | A | D | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | Missing document to verify the EIN for XXX | EIN provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Qualifying DTI (Back) of 10.36% is 39.64% below the 50% allowed. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 36 months PITIA is 30 months greater than the 6 months reserves required. |
| 10357815 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | D | A | A | A | D | A | D | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR100 | Missing Appraisal | No | The appraisal is missing from the loan file. | appraisal provided | Condition satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - XXX Comments: Qualifying DTI (Back) of 10.36% is 39.64% below the 50% allowed. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves of 36 months PITIA is 30 months greater than the 6 months reserves required. |
| 10101017 | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | D | A | C | A | C | B | D | B | D | A | C | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | Zero tolerance fail for $40. Appraisal fee increased to $890 on CD's XXX and XXX. No documentation provided disclosing increase in fee. Please provide either documentation or Letter of explanation, corrected Closing Disclosure, refund, proof of delivery within 60 days of consummation to cure. | 1.5.26-Client provided COC, Satisfied. | 1.5.26-Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 34.6% max allowed by G/L is 90% CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves LTV = 75% - None Required. Post close reserves $XXX or 8.83 months PITIA CFCFS1734: Borrower has significant time at current job - XXX Comments: The borrower has been XXX for 5 years |
| 10101017 | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | D | A | C | A | C | B | D | B | D | A | C | A | C | B | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC2408 | Income verification does not meet guidelines | No | Missing bank statements from XXX #XXX for the months of November, December, April, August, September | 1.5.2026-Client's response: XXXA copy of the bank statements for XXX, XXX, XXX and XXX account XXX provided. There is no bank statement for XXX Please clear finding.1.5.2026-XXX's response: Received the XXX bank statements for #XXX, exception is satisfied. | 1.5.2026-Exception satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 34.6% max allowed by G/L is 90% CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves LTV = 75% - None Required. Post close reserves $XXX or 8.83 months PITIA CFCFS1734: Borrower has significant time at current job - XXX Comments: The borrower has been XXX for 5 years |
| 10101017 | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | B | D | A | C | A | C | B | D | B | D | A | C | A | C | B | Property Valuations | Property | Satisfied | C | A | C | A | PRVAPROP177 | Property Issues Indicated | No | Missing final building permit with Certificate of Occupancy | 1.5.2026-Client's response: XXXCopy of cert provided, please clear finding.1.5.2025-XXX's response: Received the COO, exception is satisfied. | 1.5.2025-Exception satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 34.6% max allowed by G/L is 90% CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Reserves LTV = 75% - None Required. Post close reserves $XXX or 8.83 months PITIA CFCFS1734: Borrower has significant time at current job - XXX Comments: The borrower has been XXX for 5 years |
| 10100961 | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | Right of Rescission | Active | B | B | B | B | CMPROR117 | ROR - Expiration date on form prior to end of rescission period | No | ROR form in file has date of transaction stuck thru and date corrected, midnight of date only contains initials. Provide completed ROR form with corrected date of XXX for midnight of date section of ROR including borrower initials. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - XXX Comments: 8.1 years employed with XXX. CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: 172 months of 0x30 consumer credit history per CBR. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 765 qualifying credit score per CBR. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 31.21 months of reserves in file. CFCFS1737: LTV below guideline requirements - XXX Comments: 76.92% LTV per review; 80% LTV is maximum allowed per guidelines. |
| 10100961 | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | Right of Rescission | Satisfied | C | B | C | B | CMPROR2330 | ROR - Disbursement date is before end of statutory rescission period | No | Provide PCCD with Corrected Closing Date/Disbursement Date (and closing cost/cash to close if applicable). Closing occurred on XXX per the notary, Funding on XXX. Earliest Expiration Date (midnight of date) is XXX .Borrower did not receive full 3 day rescission period. | 1.9.26-Client provided PCCD updating disbursement date & cost, Satisfied. | 1.9.26-Satisfied. | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - XXX Comments: 8.1 years employed with XXX. CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: 172 months of 0x30 consumer credit history per CBR. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 765 qualifying credit score per CBR. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 31.21 months of reserves in file. CFCFS1737: LTV below guideline requirements - XXX Comments: 76.92% LTV per review; 80% LTV is maximum allowed per guidelines. |
| 10100961 | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | Zero tolerance fail for $200.00. Appraisal re-inspection fee added to CD XXX. No documentation provided disclosing addition of fee. Please provide either documentation or Letter of explanation, corrected Closing Disclosure, refund, proof of delivery within 60 days of consummation. | 1.9.26-Client provided COC, Satisfied. | 1.9.26- Satisfied. | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - XXX Comments: 8.1 years employed with XXX. CFCFS1742: Consumer credit history exceeds guidelines - XXX Comments: 172 months of 0x30 consumer credit history per CBR. CFCFS1741: Credit score exceeds guidelines - XXX Comments: 765 qualifying credit score per CBR. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 31.21 months of reserves in file. CFCFS1737: LTV below guideline requirements - XXX Comments: 76.92% LTV per review; 80% LTV is maximum allowed per guidelines. |
| 10007268 | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | A | Compliance | Ability to Repay/Qualified Mortgage | Satisfied | D | A | D | A | CMPATRQM3220 | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. | No | Missing copy of executed Note and the most recent six months bank statements showing deposits equal to the amount of the monthly Note payments | 12.12.2025 Client responded -Copy of Buyout Agreement and bank statement from XXX provided. The agreement states the payment is annual beginning in XXX. Please clear finding. 12.12.2025 Client provided the Buyout agreement and Bank statement verifying the funds deposited from the buyout agreement/ Exception satisfied | 12.12.2025 Exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score of 809 exceeds 660 the minimum required per lender guidelines CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves in the amount of $XXX exceeds $XXX the minimum amount required per lender guidelines CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 32.88% is below 50.00% the maximum allowable per lender guidelines |
| 10007268 | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) | QM: Safe Harbor (APOR) | D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC888 | Income Amount is Unsupported by Documentation in File | No | Missing copy of executed Note and the most recent six months bank statements showing deposits equal to the amount of the monthly Note payments. | 12.12.2025 Client responded - Copy of Buyout Agreement and bank statement from XXX provided. The agreement states the payment is annual beginning in XXX Please clear finding.12.12.2025 Client provided the Buyout agreement and Bank statement verifying the funds deposited from the buyout agreement/ Exception satisfied | 12.12.2025 Exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Credit score of 809 exceeds 660 the minimum required per lender guidelines CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Verified cash reserves in the amount of $XXX exceeds $XXX the minimum amount required per lender guidelines CFCFS1744: DTI below guideline requirement - XXX Comments: DTI of 32.88% is below 50.00% the maximum allowable per lender guidelines |
| 10262952 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | The deed transferring the subject from XXX, LLC to XXX, LLC was not in the file. | Received deed. | Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 3 months ($XXX). Total reserves verified in the amount of $XXX (135 months). CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 700. Mid fico score 791. |
| 10262952 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4238 | Business entity does not meet guidelines | No | The operating agreement for XXX, LLC was not signed. | Operating agreement is unsigned EIN number reflects sole member | Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 3 months ($XXX). Total reserves verified in the amount of $XXX (135 months). CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 700. Mid fico score 791. |
| 10262954 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | Deed transferring the subject from XXX, LLC (vested per title) toXX LLC (closing docs) was not in the file. The guarantor is XXX% owner of XXX, LLC and XXX% owner of XXXLLC. | Received deed transfer | Satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 135.40 months of cash reserves. |
| 10262954 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4238 | Business entity does not meet guidelines | No | The operating agreement forXXX, LLC was not signed. | Operating agreement is unsigned . EIN reflects sole mem | Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 135.40 months of cash reserves. |
| 10262955 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | The deed transferring the subject from XXX, LLC (entity on title - guarantor XXX% owner) to XXX, LLC (entity on closing docs - guarantor XXX% owner) was not in the file. | Received deed | Satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 137.82 months of cash reserves. |
| 10262955 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4238 | Business entity does not meet guidelines | No | The operating agreement for CCC, LLC was not signed/executed. | Operating agreement unsigned , EIN number reflect sole member | Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 137.82 months of cash reserves. |
| 10333237 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 85.25 months of cash reserves. | |||||||||||||||
| 10333238 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | N/A | N/A | D | A | A | A | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR1939 | Appraiser License for Incorrect State | No | Missing appraisal. | (No Data) | Appraisal provided for cure. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 3 months ($XXX). Total reserves verified in the amount of $XXX(62 months). CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 700. Mid fico score 790. |
| 10333238 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | N/A | N/A | D | A | A | A | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR100 | Missing Appraisal | No | Missing appraisal on form 1025. Missing operating income statement. | (No Data) | Appraisal provided for cure. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 3 months ($XXX). Total reserves verified in the amount of $XXX(62 months). CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 700. Mid fico score 790. |
| 10333238 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | N/A | N/A | D | A | A | A | D | A | N/A | N/A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | Missing appraisal. | (No Data) | Appraisal provided for cure. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 3 months ($XXX). Total reserves verified in the amount of $XXX(62 months). CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 700. Mid fico score 790. |
| 10318838 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Credit/Mtg History | Satisfied | D | A | D | A | CRDCRMH149 | Missing support docs for VOM/VOR (e.g. cancelled checks) | No | The 12-month mortgage payment history for the subject loan (XXX#XXX), which was paid off at closing, is not in the loan file. The acct appears to be in the father's name but the mtg belongs to the subject property. | 12 month mortgage history for the property provided. | Satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 720. Mid fico score 789. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 3 months ($XXX). Total reserves verified in the amount of $XXX(9 months). CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 31.89%. Max allowed LTV is 85%. |
| 10318840 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740: Mortgage payment history exceeds guidelines - XXX Comments: No mortgage late payments in the last 55 months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower has a 771 credit score. Minimum required is 700. | |||||||||||||||
| 10162202 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | C | B | A | A | D | B | D | B | C | B | A | A | Credit | Income/Employment | Waived | D | B | D | B | CRDINC3204 | Income Documentation Missing | No | The subject is a short term rental. The file did not include a 12 month lookback period for the income and a screen shot of the online listing showing the property is actively marketed as a XXX were not in the file. The file only included the rental management agreement. | Received exception request and approval. | Received exception request and approval. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 87 months reserves exceeds minimum reserve requirement by more than 6 months CFCFS1741: Credit score exceeds guidelines - XXX Comments: 755 FICO score exceeds minimum FICO requirements by over 20 points |
| 10162202 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | C | B | A | A | D | B | D | B | C | B | A | A | Property Valuations | Appraisal | Waived | C | B | C | B | PRVAAPPR4789 | Appraisal Deficiency | No | The appraisal was not ordered through an XXX. | (No Data) | XXX has a blanket waiver with XXX for this issue. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 87 months reserves exceeds minimum reserve requirement by more than 6 months CFCFS1741: Credit score exceeds guidelines - XXX Comments: 755 FICO score exceeds minimum FICO requirements by over 20 points |
| 10179760 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: The borrower has 132 months reserves after closing. CFCFS1737: LTV below guideline requirements - XXX Comments: The LTV is below the guide max of 75% | |||||||||||||||
| 10210145 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR5351 | Insurance Effective date is greater than the transaction date | No | The insurance effective date of XXX is greater than the transaction date XXX | Received updated HOI | Satisfied | Not Applicable | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 129 months of Cash Reserves. |
| 10333083 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 40.65 months of cash reserves. | |||||||||||||||
| 10262985 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Application | Satisfied | D | A | D | A | CRDAPP130 | Application is incomplete | No | Pages 7-11 is missing from the final 1003. | Received complete final 1003 | Satisfied. | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Credit Utilization 2.36%. |
| 10262985 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | The addendum to the sales contract reflecting the $XXX purchase price as shown on the CD was not in the file. | Received sales addendum | Satisfied. | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Credit Utilization 2.36%. |
| 10262985 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4238 | Business entity does not meet guidelines | No | The tax ID, operating agreement and certificate of good standing for XXX, LLC were missing from the file. | Received business entity docs | Satisfied | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Credit Utilization 2.36%. |
| 10262985 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4643 | Borrower does not meet guideline requirements | No | The Guaranty for the person executing all documents on behalf of the Entity as required when a loan is vested in an entity is missing from the file. | Received personal guarantee | Satisfied. | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Credit Utilization 2.36%. |
| 10291265 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | N/A | N/A | D | A | A | A | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR100 | Missing Appraisal | No | The appraisal is missing from the loan file. | Appraisal provided | Appraisal provided for cure. Satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 34.07 months of cash reserves. |
| 10298533 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | B | B | N/A | N/A | B | B | B | B | B | B | N/A | N/A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4643 | Borrower does not meet guideline requirements | No | According to the underwriting guidelines the lower of the list price/appraisal must be used to qualify if the property has been removed from the market for 1 month. In this case, an exception approval dated XXX was granted to allow the use of the appraised value after the property has been removed from the market. | An exception approval dated XXX was granted | Waived | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 31.05 months of cash reserves. |
| 10298533 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | B | B | N/A | N/A | B | B | B | B | B | B | N/A | N/A | Property Valuations | Appraisal | Waived | B | B | B | B | PRVAAPPR4789 | Appraisal Deficiency | No | The appraisal was not ordered through an XXX. XXX has a blanket waiver with XXXfor this issue. | XXX has a blanket waiver with XXX for this issue. | Waived | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 31.05 months of cash reserves. |
| 10298546 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 17.67 months of reserves. 6 months required. | |||||||||||||||
| 10233094 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4643 | Borrower does not meet guideline requirements | No | According to the underwriting guidelines collection accounts reported on the credit profile must be paid off if more than $2,000 and less than 24 months old. In this case, there is a XXX collection XXX for $2,356 which shows as disputed. | The file includes an XXX approval | The file includes an XXX approval dated XXX for this issue. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 106.33 months of cash reserves. |
| 10313458 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 700. Mid fico score 817. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 3 months ($XXX). Total reserves verified in the amount of $XXX(178 months). CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 70%. Max allowed LTV is 80%. | |||||||||||||||
| 10313482 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 720. Mid fico score 754. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 70%. Max allowed LTV is 75%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 3 months ($XXX). Total reserves verified in the amount of $XXX(24 months). | |||||||||||||||
| 10313487 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 32.08 months of cash reserves. | |||||||||||||||
| 10327063 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower has a 712 credit score. Minimum required is 660. CFCFS1744: DTI below guideline requirement - XXX Comments: The DTI ratio is 25.20%. Maximum allowed is 50%. | |||||||||||||||
| 10318760 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | The personal guaranty agreement was in the loan file however, the borrowers must sign as individuals. | Received PG | Satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines require reserves for 3 months ($XXX). Total reserves verified in the amount of $XXX. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 700. Mid fico score is 796. |
| 10318792 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | B | D | A | B | B | A | A | D | B | D | A | B | B | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC3204 | Income Documentation Missing | No | Documentation to verify the existence of the business for the past two years, Borrower's ownership percentage of XXX and lender's income calculation worksheet were not in the file | Received articles of conversion that reflect the borrower is the sole member and business was created XXX | Satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 16 months reserves. Minimum reserves required is 3 months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower has a 716 credit score. Minimum credit score required is 680. |
| 10318792 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | B | D | A | B | B | A | A | D | B | D | A | B | B | A | A | Property Valuations | Appraisal | Waived | B | B | B | B | PRVAAPPR4789 | Appraisal Deficiency | No | The appraisal was not ordered through an XXX. XXX Bank has a blanket waiver with XXX for this issue. | XXX Bank has a blanket waiver with XXX for this issue. | Waived | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 16 months reserves. Minimum reserves required is 3 months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrower has a 716 credit score. Minimum credit score required is 680. |
| 10318795 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 45%. Max allowed LTV is 80%. CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 680. Mid fico score 703. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 3 months ($XXX). Total reserves verified in the amount of $XXX (63 months). | |||||||||||||||
| 10318807 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrowers have a 751 credit score; minimum required is 700. CFCFS1744: DTI below guideline requirement - XXX Comments: 13.81% DTI ratio; maximum allowed is 50%. | |||||||||||||||
| 10318859 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Application | Satisfied | C | A | C | A | CRDAPP131 | Occupancy status not supported by file documentation | No | The Occupancy Certificate is missing from the loan file. | Received occupancy cert. | Satisfied. | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 0.24%. CFCFS1739: Positive mortgage payment history - XXX Comments: Borrower has positive mortgage payment history reported on credit report 0X30/ 0X60/ 0X90. |
| 10318859 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Application | Satisfied | D | A | D | A | CRDAPP130 | Application is incomplete | No | The Final executed 1003 is missing from the loan file. | Received signed 1003 | Satisfied. | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 0.24%. CFCFS1739: Positive mortgage payment history - XXX Comments: Borrower has positive mortgage payment history reported on credit report 0X30/ 0X60/ 0X90. |
| 10318859 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Assets | Satisfied | C | A | C | A | CRDAST205 | Insufficient Funds to Close | No | The borrower is short $XXX to close and 3 months PITI for reserves. The assets verified in the file was the XXX business account #XXX with a balance of $58,698.37 as of XXX | Received addtl assets XXX supporting funds to close and reserves. | Satisfied | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 0.24%. CFCFS1739: Positive mortgage payment history - XXX Comments: Borrower has positive mortgage payment history reported on credit report 0X30/ 0X60/ 0X90. |
| 10318859 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Assets | Satisfied | C | A | C | A | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | The access letter from the other owner(s) for the XXX Bank business account # XXX( XXX) was not in the file. This account was used for the transaction. | Received addtl assets XXX supporting funds to close and reserves. | Satisfied. | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 0.24%. CFCFS1739: Positive mortgage payment history - XXX Comments: Borrower has positive mortgage payment history reported on credit report 0X30/ 0X60/ 0X90. |
| 10318859 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Credit/Mtg History | Satisfied | D | A | D | A | CRDCRMH149 | Missing support docs for VOM/VOR (e.g. cancelled checks) | No | The Hazard Insurance, Tax Certificate, and HOA statement for investment property XXX., are missing from the loan file. | Documentation provided to satisfy. | Satisfied. | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 0.24%. CFCFS1739: Positive mortgage payment history - XXX Comments: Borrower has positive mortgage payment history reported on credit report 0X30/ 0X60/ 0X90. |
| 10318859 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | The Hazard Insurance, Tax Certificate, and HOA statement for investment property XXX., are missing from the loan file. | Mortgage statement in file supporting the taxes and insurance | Satisfied. | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 0.24%. CFCFS1739: Positive mortgage payment history - XXX Comments: Borrower has positive mortgage payment history reported on credit report 0X30/ 0X60/ 0X90. |
| 10318859 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL101 | Missing legal docs for senior or subordinate loan | No | The mortgage statements (to confirm is there are insurance/tax escrows) hazard insurance, tax certificate and HOA statement for the borrower's primary residence,XXX., are missing from the loan file. | Received mtg stmt for the primary | Satisfied. | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 0.24%. CFCFS1739: Positive mortgage payment history - XXX Comments: Borrower has positive mortgage payment history reported on credit report 0X30/ 0X60/ 0X90. |
| 10318859 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL138 | Missing copy of 1st lien HUD-1 (subject is 2nd lien) | No | The Final HUD in the loan file is not executed. | Received signed final HUD | Satisfied. | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 0.24%. CFCFS1739: Positive mortgage payment history - XXX Comments: Borrower has positive mortgage payment history reported on credit report 0X30/ 0X60/ 0X90. |
| 10318859 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | The Tax Certificate is missing from the loan file. | Received tax cert | Satisfied. | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 0.24%. CFCFS1739: Positive mortgage payment history - XXX Comments: Borrower has positive mortgage payment history reported on credit report 0X30/ 0X60/ 0X90. |
| 10318859 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL988 | Loan File is Missing or Contains Insufficient Documentation for Basic Review | No | A Personal Guarantee is missing from the loan file. | Received personal guarantee | Satisfied. | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 0.24%. CFCFS1739: Positive mortgage payment history - XXX Comments: Borrower has positive mortgage payment history reported on credit report 0X30/ 0X60/ 0X90. |
| 10318870 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | C | B | C | A | A | A | C | B | C | B | C | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | Zero Tolerance Fee of $ XXX due to Transfer Taxes increased from LE to CD. Missing a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower. | (No Data) | Lender provided copy of $XXX refund cheque - exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 13 months reserves. Minimum required is 6 months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: The borrowers' have a 732 credit score. Minimum required is 680. |
| 10318870 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | C | B | C | A | A | A | C | B | C | B | C | A | A | A | C | B | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Verbal VOE for the co-borrower's employment with XXX dated within 10 business days prior to closing was not in the file. | Received vvoe for co-borrower | Satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 13 months reserves. Minimum required is 6 months. CFCFS1741: Credit score exceeds guidelines - XXX Comments: The borrowers' have a 732 credit score. Minimum required is 680. |
| 10318880 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 38.24%. Max allowed LTV is 75%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 6 months ($XXX). Total reserves verified in the amount of $XXX (16 months). CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 680. Mid fico score 686. | |||||||||||||||
| 10318881 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | RESPA | Satisfied | B | A | B | A | CMPRESPA2704 | RESPA - List of homeowners counseling organizations not compliant | No | List of homeowners counseling organizations not compliant due to the List is Missing. | (No Data) | Lender provided Homeowners Counseling List - Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrowers have a 776 credit score; minimum required is 680 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 19 months reserves; minimum required is 3 months |
| 10318881 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3966 | TRID - CD: The Will Not Have an Escrow Account in the CD Loan Disclosures section is selected and both or neither of You declined it and/or Your lender does not offer one are selected | No | CD XXX: The Will Not Have an Escrow Account in the CD Loan Disclosures section is selected and both or neither of You declined it and/or Your lender does not offer one are selected | (No Data) | Lender provided Escrow Wavier showing borrower declined it - Exception satisfied. | Non-Numeric | Not Applicable | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Borrowers have a 776 credit score; minimum required is 680 CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 19 months reserves; minimum required is 3 months |
| 10327093 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 700. Mid fico score 782. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 65%. Max allowed LTV is 75%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 3 months ($XXX). Total reserves verified in the amount of $XXX(92 months). | |||||||||||||||
| 10327096 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 3 months ($XXX). Total reserves verified in the amount of $XXX(36 Months). CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 700. Mid fico score 713. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV 33.33%. Max allowed LTV is 75%. | |||||||||||||||
| 10327099 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 680. Mid fico score 683. CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 50%. Max allowed LTV is 75%. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 6 months ($XXX). Total reserves verified in the amount of $XXX(42 months) | |||||||||||||||
| 10327102 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | A | A | C | B | N/A | N/A | C | B | A | A | C | B | N/A | N/A | Property Valuations | Appraisal | Waived | C | B | C | B | PRVAAPPR4789 | Appraisal Deficiency | No | The appraisal was not ordered through an XXX. XXX has a blanket waiver with XXX for this issue. | XXX has a blanket waiver with XXX for this issue. | Waived | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - XXX Comments: 750 credit score. Minimum required is 700. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 24 months reserves. Minimum required is 3 months |
| 10327115 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 145.30 months of cash reserves. | |||||||||||||||
| 10327119 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Title | Satisfied | D | A | D | A | CRDTIL796 | Missing Title | No | The title commitment is missing from the loan file. | Received title | Satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 115.63 months of cash reserves. |
| 10327126 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC150 | Income docs do not meet guidelines | No | The guides require 2 months proof of the receipt of rental income and the lease. In this case, the lease was in file, but there was no proof of the 2 months receipt of the rental income for the subject property. | Bank statement from XXX supports continued rental income. | Satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - XXX Comments: 50% LTV is low. CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 6.08%. |
| 10327126 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL988 | Loan File is Missing or Contains Insufficient Documentation for Basic Review | No | The HOA statements for the investment properties XXX and XXX or attestation that there is no HOA, are missing from the loan file. | Attestation provided from the borrower. | Satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - XXX Comments: 50% LTV is low. CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 6.08%. |
| 10327126 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4643 | Borrower does not meet guideline requirements | No | Under the bank statement program, the borrower must have XXX% ownership. In this case, the borrower has XXX% ownership. | The file includes an XXX approval dated 4/23/2026 for this issue. | Waived | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - XXX Comments: 50% LTV is low. CFCFS5269: Minimal use of credit - XXX Comments: Borrower has low credit utilization of 6.08%. |
| 10327156 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC2302 | Missing Required Income Documentation | No | The 12 months business bank stmts for XXX Bank & Trust were provided but not legible. Income/DTI calculation pending. The review used the income from the final 1003. | Received 12 months bank stmts supporting income | Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 61.63% and max is 70% CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: The borrower has 28 months reserves after closing. |
| 10327156 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR5081 | Insurance Policy missing required endorsements | No | The hazard insurance provided does not reflect the correct address for the subject. The subject address is XXX. The Policy provided reflects XXX | Received updated evidence of ins with corrected address. | Satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 61.63% and max is 70% CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: The borrower has 28 months reserves after closing. |
| 10327156 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL101 | Missing legal docs for senior or subordinate loan | No | Payment history for XXX #XXX was not in the loan file. This debt was paid off at closing. | The XXX debt is a judgment lien on title, not a mortgage lien | Satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 61.63% and max is 70% CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: The borrower has 28 months reserves after closing. |
| 10327156 | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | QM: Safe Harbor (APOR) | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | The Note Allonge provided was not signed by the lender. | Received Allonge signed by the lender | Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - XXX Comments: LTV is 61.63% and max is 70% CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: The borrower has 28 months reserves after closing. |
| 10327159 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - XXX Comments: Guidelines require min score of 700. Mid fico score 702. CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: Guidelines specify reserves required for 3 months ($XXX). Total reserves verified in the amount of $XXX (59 months). | |||||||||||||||
| 10333144 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | A | A | C | B | A | A | C | B | A | A | C | B | A | A | Property Valuations | Appraisal | Waived | C | B | C | B | PRVAAPPR4789 | Appraisal Deficiency | No | The guidelines indicate if the appraisal is not ordered through an XXX but is ordered through a third party appraisal provided with evidence of AIR compliance that is acceptable otherwise an exception is need. In this case, the appraisal was not ordered through an XXX, no evidence of XXX compliance and no exception approval wase in file. | Blanket waiver on file for exception | waived | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 26.10 months of cash reserves. |
| 10333164 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | C | A | N/A | N/A | D | A | D | A | C | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL988 | Loan File is Missing or Contains Insufficient Documentation for Basic Review | No | The subject is an XXX, but there was not a screen shot of the online listing. The file only included the XXX 2025 12 month lookback report. | Received active XXX listing. | Satisfied. | (No Data) | Not Applicable | CFCFS2860: Good credit history - XXX Comments: No derogatory information reflected on the credit profile. |
| 10333164 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | C | A | N/A | N/A | D | A | D | A | C | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR4789 | Appraisal Deficiency | No | The subject is a XXX and in the appraisal addendum the appraiser indicates the same. Form 1007 does not appear to have used comparables that are short-term rental as they all show a lease start date along with no information regarding short term rentals. There was not other short term rental market rent analysis in the file. | STR 12 month look back and active listing provided. | Satisfied. | (No Data) | Not Applicable | CFCFS2860: Good credit history - XXX Comments: No derogatory information reflected on the credit profile. |
| 10333197 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | C | A | B | B | N/A | N/A | C | B | C | A | B | B | N/A | N/A | Credit | Terms/Guidelines | Satisfied | C | A | C | A | CRDTER4238 | Business entity does not meet guidelines | No | The tax id for XXX LLC was not in the file. The tax id provided was for XXX LLC. | Received EIN for business entity | Satisfied | (No Data) | Not Applicable | CFCFS2860: Good credit history - XXX Comments: No derogatory information reflected on the credit profile. |
| 10333197 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | B | C | A | B | B | N/A | N/A | C | B | C | A | B | B | N/A | N/A | Property Valuations | Appraisal | Waived | B | B | B | B | PRVAAPPR4789 | Appraisal Deficiency | No | The appraisal was not ordered through an XXX. The XXX has a blanket waiver with XXX for this issue. | The XXX has a blanket waiver with XXX for this issue. | Waived | (No Data) | Not Applicable | CFCFS2860: Good credit history - XXX Comments: No derogatory information reflected on the credit profile. |
| 10345426 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | C | A | A | A | C | A | C | A | C | A | A | A | Credit | Legal Documents | Satisfied | C | A | C | A | CRDLGL4773 | Extension Agreement not executed | No | The addendum to the sales contract changing the sales price to $XXX and extending the closing date was not executed. | Received sales contract addendum | Satisfied | (No Data) | Not Applicable | CFCFS2860: Good credit history - XXX Comments: No derogatory information reflected on the credit profile. |
| 10345426 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | C | A | C | A | C | A | A | A | C | A | C | A | C | A | A | A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR4789 | Appraisal Deficiency | No | The subject is going to be used as a STR per the 1008. The appraisal indicates the subject is located in a area where there are significant number of properties that are actively used as XXX. The file did not include a 1007 or XXX rental comparable analysis. Audit used the $3,667 shown on the 1008 for calculation purposes. | Received email and updated appraisal with text addendum showing XXX analysis for the area | Satisfied. | (No Data) | Not Applicable | CFCFS2860: Good credit history - XXX Comments: No derogatory information reflected on the credit profile. |
| 10345392 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | The addendum to the sales contract changing the purchase price from $XXX to $XXX was not in the file. | Received sales contract addendum | Satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 320.06 months of cash reserves. |
| 10345392 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL988 | Loan File is Missing or Contains Insufficient Documentation for Basic Review | No | The closing documents were signed by an attorney in fact. Documentation from the borrower authorizing this was not found in the file. | Received POA docs | Satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 320.06 months of cash reserves. |
| 10354132 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 230.68 months of cash reserves. | |||||||||||||||
| 10354146 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 250.87 months of cash reserves. | |||||||||||||||
| 10354157 | XXXXXX | XXXXXX | (No Data) | ATR/QM: Exempt | B | B | A | A | B | B | A | A | B | B | A | A | B | B | A | A | Property Valuations | Appraisal | Waived | B | B | B | B | PRVAAPPR4789 | Appraisal Deficiency | No | The appraisal was not ordered through an XXX. XXX has a blanket waiver with XXX for this issue. | XXX has a blanket waiver with XXX for this issue. | Waived | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - XXX Comments: 136.09 months of cash reserves. |
| Client Name: | SG Capital Partners, Inc. | ||||||||||||||||||
| Client Project Name: | MSRM 2026-NQM9 | ||||||||||||||||||
| Start - End Dates: | 12/9/2025 - 7/2/2026 | ||||||||||||||||||
| Deal Loan Count: | 84 | ||||||||||||||||||
| Conditions Report 2.0 | |||||||||||||||||||
| Loans in Report: | 84 | ||||||||||||||||||
| Loans with Conditions: | 46 | ||||||||||||||||||
| Loan Number | Lender Application Date | Broker Application Date | Initial Securitization Overall Loan Grade | Final Securitization Overall Loan Grade | Initial Securitization Credit Loan Grade | Final Securitization Credit Loan Grade | Initial Securitization Property Valuations Loan Grade | Final Securitization Property Valuations Loan Grade | Initial Securitization Compliance Loan Grade | Final Securitization Compliance Loan Grade | Initial S&P Overall Loan Grade | Final S&P Overall Loan Grade | Initial S&P Credit Loan Grade | Final S&P Credit Loan Grade | Initial S&P Property Valuations Loan Grade | Final S&P Property Valuations Loan Grade | Initial S&P Compliance Loan Grade | Final S&P Compliance Loan Grade | Did Lender Acknowledge Exception at Origination |
| 10284721 | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Not Applicable |
| 10325952 | XXXXXX | XXXXXX | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | No |
| 10325955 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| 10357751 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| 10357752 | XXXXXX | XXXXXX | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | Not Applicable |
| 10325945 | XXXXXX | XXXXXX | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Not Applicable |
| 10326100 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10325961 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| 10325963 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| 10326115 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10326125 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| 10326138 | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | No |
| 10326143 | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Not Applicable |
| 10326147 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10325949 | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | No |
| 10326164 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10326165 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10326166 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| 10326167 | XXXXXX | XXXXXX | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Not Applicable |
| 10326172 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| 10325970 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| 10326176 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10326181 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| 10326182 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| 10326186 | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | No |
| 10326193 | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Not Applicable |
| 10326195 | XXXXXX | XXXXXX | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Not Applicable |
| 10326207 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10326212 | XXXXXX | XXXXXX | C | B | C | A | A | A | C | B | C | B | C | A | A | A | C | B | Not Applicable |
| 10326230 | XXXXXX | XXXXXX | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Yes |
| 10326247 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10326249 | XXXXXX | XXXXXX | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Yes |
| 10326251 | XXXXXX | XXXXXX | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Not Applicable |
| 10357793 | XXXXXX | XXXXXX | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | No |
| 10326271 | XXXXXX | XXXXXX | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | Not Applicable |
| 10357815 | XXXXXX | XXXXXX | D | A | D | A | D | A | A | A | D | A | D | A | D | A | A | A | Not Applicable |
| 10101017 | XXXXXX | XXXXXX | D | B | D | A | C | A | C | B | D | B | D | A | C | A | C | B | No |
| 10100961 | XXXXXX | XXXXXX | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Not Applicable |
| 10007268 | XXXXXX | XXXXXX | D | A | C | A | A | A | D | A | D | A | C | A | A | A | D | A | Not Applicable |
| 10262952 | XXXXXX | XXXXXX | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | No |
| 10262954 | XXXXXX | XXXXXX | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | No |
| 10262955 | XXXXXX | XXXXXX | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | No |
| 10333237 | XXXXXX | XXXXXX | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | No |
| 10333238 | XXXXXX | XXXXXX | D | A | A | A | D | A | N/A | N/A | D | A | A | A | D | A | N/A | N/A | No |
| 10318838 | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | No |
| 10318840 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| 10162202 | XXXXXX | XXXXXX | D | B | D | B | C | B | A | A | D | B | D | B | C | B | A | A | Not Applicable |
| 10179760 | XXXXXX | XXXXXX | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | No |
| 10210145 | XXXXXX | XXXXXX | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | No |
| 10333083 | XXXXXX | XXXXXX | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | No |
| 10262985 | XXXXXX | XXXXXX | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | No |
| 10291265 | XXXXXX | XXXXXX | D | A | A | A | D | A | N/A | N/A | D | A | A | A | D | A | N/A | N/A | No |
| 10298533 | XXXXXX | XXXXXX | B | B | B | B | B | B | N/A | N/A | B | B | B | B | B | B | N/A | N/A | No |
| 10298546 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10233094 | XXXXXX | XXXXXX | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | No |
| 10313458 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10313482 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10313487 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10327063 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| 10318760 | XXXXXX | XXXXXX | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | No |
| 10318792 | XXXXXX | XXXXXX | D | B | D | A | B | B | A | A | D | B | D | A | B | B | A | A | Yes |
| 10318795 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10318807 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | Not Applicable |
| 10318859 | XXXXXX | XXXXXX | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | No |
| 10318870 | XXXXXX | XXXXXX | C | B | C | A | A | A | C | B | C | B | C | A | A | A | C | B | Not Applicable |
| 10318880 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10318881 | XXXXXX | XXXXXX | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Not Applicable |
| 10327093 | XXXXXX | XXXXXX | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | No |
| 10327096 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10327099 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10327102 | XXXXXX | XXXXXX | C | B | A | A | C | B | N/A | N/A | C | B | A | A | C | B | N/A | N/A | Not Applicable |
| 10327115 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10327119 | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | No |
| 10327126 | XXXXXX | XXXXXX | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Yes |
| 10327156 | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | No |
| 10327159 | XXXXXX | XXXXXX | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | No |
| 10333144 | XXXXXX | XXXXXX | C | B | A | A | C | B | A | A | C | B | A | A | C | B | A | A | No |
| 10333164 | XXXXXX | XXXXXX | D | A | D | A | C | A | N/A | N/A | D | A | D | A | C | A | N/A | N/A | No |
| 10333197 | XXXXXX | XXXXXX | C | B | C | A | B | B | N/A | N/A | C | B | C | A | B | B | N/A | N/A | No |
| 10345426 | XXXXXX | XXXXXX | C | A | C | A | C | A | A | A | C | A | C | A | C | A | A | A | No |
| 10345392 | XXXXXX | XXXXXX | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | No |
| 10354132 | XXXXXX | XXXXXX | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | No |
| 10354146 | XXXXXX | XXXXXX | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | No |
| 10354157 | XXXXXX | XXXXXX | B | B | A | A | B | B | A | A | B | B | A | A | B | B | A | A | No |