Loan ID

Seller Loan ID

Investor Loan ID

Overall Initial Loan Grade

Overall Final Loan Grade

Credit Initial Loan Grade

Credit Current/Final Loan Grade

Compliance Initial Loan Grade

Compliance Current/Final Loan Grade

Property Initial Loan Grade

Property Current/Final Loan Grade

Queue

Finding Code

Date Created

Date Modified

Finding Status

Event Level

Initial Finding Grade

Current/Final Finding Grade

Finding Category

Finding Sub Category

Finding Name

Finding Comments

Seller Comments

Resolution Comments

Reviewer Comp Factor

Originator Comp Factors

Finding Documents

Originator QM Status

Final Reviewed QM Status

Loan Amount

Property State

Occupancy

Loan Purpose

Refinance Purpose

Acknowledged / WaivedBy

Waiver in File?

Unique Finding ID

409043606

ATR/QM: Not Applicable

xxx

Investment

Refinance

Cash Out - Other

409043665

Closed

FCRE1198

2026-02-28 05:30

2026-03-08 10:02

Waived

2 - Non-Material

Credit

Eligibility

Audited Reserves are less than Guideline Required Reserves (Number of Months)

Waived-Exception granted with supporting comp factors: 1 month reserves exception for 5 month vs 6 months per guidelines. - Due Diligence Vendor-03/08/2026

Ready for Review-Document Uploaded. - Seller-03/06/2026

Counter-Page xxx (PDF file) rental verification, Page xxx (OCR file). It also mentions transfers to another account ...xxx which is not in the file or on 1003. - Due Diligence Vendor-03/04/2026

Ready for Review-Please send copy of statement. I do not see xxx in my file - Seller-03/04/2026

Counter-Document Uploaded. Apologies for the confusion, per Final 1003 xxx reflects $xxx in assets - However the Updated xxx dated xxx (41 days prior to close) reflects an available balance of $xxx - Short reserves by -$xxx - Due Diligence Vendor-03/04/2026

Ready for Review-Document Uploaded. provide caculations, we have over 6 months - Seller-03/03/2026

Open-Audited Reserves of 5.13 are less than Guideline Required Reserves of 6 - Due Diligence Vendor-02/28/2026

Ready for Review-Document Uploaded. - Seller-03/06/2026

Ready for Review-Please send copy of statement. I do not see xxx in my file - Seller-03/04/2026

Ready for Review-Document Uploaded. provide caculations, we have over 6 months - Seller-03/03/2026

Waived-Exception granted with supporting comp factors: 1 month reserves exception for 5 month vs 6 months per guidelines. - Due Diligence Vendor-03/08/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.04

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 5.74 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 42.31% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

DTI 5% below max

5+ years business ownership

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

Originator Pre-Close

Yes

xxx

409043665

Closed

FCRE1440

2026-02-28 05:02

Waived

2 - Non-Material

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Waived-Housing History Does Not Meet Guideline Requirements xxx% LTV with less than 12-month housing history - Due Diligence Vendor-02/28/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.04

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 5.74 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 42.31% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

* DTI 5% below max

* PITIA reserves above min by 6 months

* 5+ years business ownership

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

Originator Pre-Close

Yes

xxx

409053317

Closed

FCRE2109

2026-04-17 09:52

2026-04-21 11:47

Resolved

1 - Information

Credit

Missing Doc

Lender Income Calculation Worksheet is missing

Resolved-Lender Worksheet or Bank Statement Summary Provided - Due Diligence Vendor-04/21/2026

Ready for Review- - Due Diligence Vendor-04/21/2026

Resolved-Lender Worksheet or Bank Statement Summary Provided - Due Diligence Vendor-04/21/2026

Ready for Review-Document Uploaded. - Seller-04/20/2026

Counter-Missing Lenders B/S Worksheet with all Deposits and Excluded Deposits listed - Due Diligence Vendor-04/20/2026

Ready for Review-Document Uploaded. - Seller-04/17/2026

Open-Missing Lender Worksheet or Bank Statement Summary Lender income worksheet is missing from the loan file. Please provide. - Due Diligence Vendor-04/17/2026

Ready for Review-Document Uploaded. - Seller-04/20/2026

Ready for Review-Document Uploaded. - Seller-04/17/2026

Resolved-Lender Worksheet or Bank Statement Summary Provided - Due Diligence Vendor-04/21/2026

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.14

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

409053317

Closed

FCRE5790

2026-04-17 09:36

2026-04-20 08:28

Resolved

1 - Information

Credit

Closing

Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date)

Resolved-Borrower 1 Gap Credit Report is not expired. - Due Diligence Vendor-04/20/2026

Ready for Review-Document Uploaded. - Seller-04/17/2026

Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-04/17/2026

Ready for Review-Document Uploaded. - Seller-04/17/2026

Resolved-Borrower 1 Gap Credit Report is not expired. - Due Diligence Vendor-04/20/2026

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.14

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

409053317

Closed

FCRE5791

2026-04-17 09:36

2026-04-20 08:28

Resolved

1 - Information

Credit

Closing

Borrower 2 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date)

Resolved-Borrower 2 Gap Credit Report is not expired. - Due Diligence Vendor-04/20/2026

Ready for Review-Document Uploaded. - Seller-04/17/2026

Open-Borrower 2 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-04/17/2026

Ready for Review-Document Uploaded. - Seller-04/17/2026

Resolved-Borrower 2 Gap Credit Report is not expired. - Due Diligence Vendor-04/20/2026

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.14

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

409053317

Closed

FPRO1137

2026-04-16 12:29

2026-04-20 08:24

Resolved

1 - Information

Property

Appraisal

The appraiser was not licensed (Primary Value)

Resolved-Primary Value appraiser's license was effective prior to the Valuation Date and expired after the Valuation Date Or Primary Valuation Is Not Selected Or Appraiser License Dates Are Not Provided - Due Diligence Vendor-04/20/2026

Ready for Review-Document Uploaded. see page xxx - xxx - Seller-04/17/2026

Open-Primary Value appraiser's license was not effective prior to the Valuation Date or expired prior to the Valuation Date - Due Diligence Vendor-04/16/2026

Ready for Review-Document Uploaded. see page xxx - Seller-04/17/2026

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.14

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

409053317

Closed

FCRE5809

2026-04-17 08:52

2026-04-20 08:17

Resolved

1 - Information

Credit

Missing Doc

Missing evidence of self employment

Resolved- - Due Diligence Vendor-04/20/2026

Ready for Review-Document Uploaded. online search only shows one owner - Seller-04/17/2026

Open-Borrower 1 is owner of xxx per final 1003. However, VVOE done by processor certified spoke to xxx confirming business active but there is no business search in loan file conducted and no xxx search to verify business existence and the xxx letter of page xxx does not confirm borrower's percentage of ownership. Please provide revised xxx letter confirming percentage of borrower 1 ownership and corporation search from xxx. Unable to properly calculate income until auditor can verify percentage of ownership. - Due Diligence Vendor-04/17/2026

Ready for Review-Document Uploaded. online search only shows one owner - Seller-04/17/2026

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.14

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

N/A

xxx

409053310

Closed

FCRE1194

2026-05-07 05:05

Waived

2 - Non-Material

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Waived-Audited LTV of xxx% exceeds Guideline LTV of xxx% xxx% LTV exception to xxx% LTV for P&L purchase

- Due Diligence Vendor-05/07/2026

Waived-Audited LTV of xxx% exceeds Guideline LTV of xxx% xxx% LTV exception to xxx% LTV for P&L purchase

- Due Diligence Vendor-05/07/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Validated Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.01

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Validated Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 16.33 Years

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Validated Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 16.30 Years

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Validated Calculated DTI Of 33.26% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Borrower At Current Residence For Five (5) Or More Years - Validated Borrower At Current Residence For Five (5) Or More Years - 10 Years

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Validated Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points

FICO 20+ points DTI 5% below max Increase in residual income by 10%+

5+ years business ownership

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

Originator Pre-Close

Yes

xxx

409053313

Closed

FCRE1440

2026-05-18 12:45

2026-05-18 12:47

Waived

2 - Non-Material

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Waived-DTI > 43% for borrower living rent free. Max DTI 50%. - Due Diligence Vendor-05/18/2026

Open- - Due Diligence Vendor-05/18/2026

Waived-DTI > 43% for borrower living rent free. Max DTI 50%. - Due Diligence Vendor-05/18/2026

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 80% Is Below The Guideline Maximum Of 90% By Ten Percent (10%) Or More

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 17.58 Years

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points

Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 17.59 Years

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.01

FICO 20+ points

Increase in residual income by 10%+

5+ years business ownership

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

Originator Pre-Close

Yes

xxx

409053316

Closed

FCRE1194

2026-05-29 15:47

2026-06-16 17:33

Waived

2 - Non-Material

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Waived-Document Uploaded. - Due Diligence Vendor-06/16/2026

Waived-Exception granted with compensating factors to allow for an LTV of xxx% for a xxx. - Due Diligence Vendor-05/29/2026

Open-Audited LTV of xxx% exceeds Guideline LTV of xxx% Max for xxx is xxx%. - Due Diligence Vendor-05/29/2026

Waived-Document Uploaded. - Due Diligence Vendor-06/16/2026

Waived-Exception granted with compensating factors to allow for an LTV of xxx% for a Condominium. - Due Diligence Vendor-05/29/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.03

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 680 By Twenty (20) or More Points

FICO 20+ points DTI 5% below max

PITIA reserves above min by 5 months

xxx

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase

Originator Pre-Close

Yes

xxx

409054786

Non-QM: Lender documented all ATR UW factors

xxx

Primary Residence

Purchase