Loan ID

Seller Loan ID

Redaction ID

Overall Initial Loan Grade

Overall Final Loan Grade

Credit Initial Loan Grade

Credit Current/Final Loan Grade

Compliance Initial Loan Grade

Compliance Current/Final Loan Grade

Property Initial Loan Grade

Property Current/Final Loan Grade

Queue

Finding Code

Date Created

Date Modified

Finding Status

Event Level

Initial Finding Grade

Current/Final Finding Grade

Finding Category

Finding Sub Category

Finding Name

Finding Comments

Seller Comments

Resolution Comments

Reviewer Comp Factor

Originator Comp Factors

Finding Documents

Originator QM Status

Final Reviewed QM Status

Loan Amount

Property State

Occupancy

Loan Purpose

Refinance Purpose

Acknowledged / WaivedBy

Waiver in File?

Unique Finding ID

XXXX

409058037

Closed

FPRO9999

2026-05-18 11:23

2026-05-28 11:45

Resolved

1 - Information

Credit

Eligibility

Condo project has pending litigation

Resolved-Per lawyer representing HOA the total damages being sought from plaintiff do not exceed 25% HOA reserves so confirmation lawsuit is covered by insurance is not required. Projects involved in litigation are acceptable provided the lawsuits are not structural in nature which impact the subject unit and do not affect the marketability of the project units and potential damages do not exceed 25% of HOA reserves.

- Due Diligence Vendor-05/28/2026

Ready for Review-Document Uploaded. Uploaded email from lawyer representing HOA the total damages being sought from plaintiff do not exceed 25% HOA reserves, confirmation lawsuit is covered by insurance is not required. - Seller-05/27/2026

Open-The condo project has pending litigation. XXXX (as plaintiff) alleges that maintenance facilities (maid sheds), which it states that it owns, were being used by the XXXX community (defendant) after the community terminated its purchase contract. The community states XXXX does not own the maid sheds. The lawsuit appears minor in natures as it does not relate to the building’s overall safety, structural soundness, habitability, or functional use of the project. Lender to provide amount of lawsuit and confirm the lawsuit is covered by insurance. Additional conditions may apply, pending review. - Due Diligence Vendor-05/18/2026

- Due Diligence Vendor-05/28/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 805

LTV is less than guideline maximum - Required is 70 Borrower has 34.21

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

9251154

XXXX

409058037

Closed

FCRE9996

2026-05-18 13:49

2026-05-19 15:52

Waived

2 - Non-Material

Credit

Eligibility

Condo does not meet requirements

Waived-Originator waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-05/19/2026

Open-Lender exception to allow investor concentration over 70%, exceeding guideline maximum of 50% - Due Diligence Vendor-05/18/2026

Waived-Originator waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-05/19/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 805

LTV is less than guideline maximum - Required is 70 Borrower has 34.21

FICO > 10pts above requirement

Subject is in a high tourist area

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

N/A

9256209

XXXX

409058942

Closed

FCRE8887

2026-06-23 11:22

2026-06-23 17:15

Resolved

1 - Information

Credit

Missing Doc

Missing or Incomplete 1003

Resolved-Notes and first payment letters uploaded confirming the properties are vested in an LLC and not listed as loans on the credit report. - Due Diligence Vendor-06/23/2026

Open-The Final 1003 is Incomplete Document on PDF pg 102 shows 5 total REOs that were not disclosed on the final 1003. All supporting documents to be provided if there are any liens on the properties. Additional conditions may apply. - Due Diligence Vendor-06/23/2026

Resolved-Notes and first payment letters uploaded confirming the properties are vested in an LLC and not listed as loans on the credit report. - Due Diligence Vendor-06/23/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 0.28

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 738

LTV is less than guideline maximum - Required is 80 Borrower has 65

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

9890327

XXXX

409058942

Closed

FCRE1200

2026-06-22 10:01

2026-06-23 16:49

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Originator waiver applied to non-material finding with compensating factors. Exception for loan amount below minimum. - Due Diligence Vendor-06/23/2026

Ready for Review-Document Uploaded. - Seller-06/23/2026

Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $300000 Loan amounts under $300,000 by exception only. - Due Diligence Vendor-06/22/2026

Ready for Review-Document Uploaded. - Seller-06/23/2026

Waived-Originator waiver applied to non-material finding with compensating factors. Exception for loan amount below minimum. - Due Diligence Vendor-06/23/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 0.28

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 738

LTV is less than guideline maximum - Required is 80 Borrower has 65

65% LTV, max 80%

738 fico, min 660

28% DTI, 50%

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

9862139

XXXX

409058944

Closed

FCRE8887

2026-06-23 11:36

2026-06-23 17:19

Resolved

1 - Information

Credit

Missing Doc

Missing or Incomplete 1003

Resolved-Notes and first payment letters provided confirming the properties are in an LLC and no liens reporting on credit. - Due Diligence Vendor-06/23/2026

Open-The Final 1003 is Incomplete Document on PDF pg XXX shows 5 total REOs with 4 that were not disclosed on the final 1003. All supporting documents to be provided if there are any liens on the properties. Additional conditions may apply. - Due Diligence Vendor-06/23/2026

Resolved-Notes and first payment letters provided confirming the properties are in an LLC and no liens reporting on credit. - Due Diligence Vendor-06/23/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 738

LTV is less than guideline maximum - Required is 80 Borrower has 60

Qualifying DTI below maximum allowed - Required is 50 Borrower has 0.29

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

9891608

XXXX

409058944

Closed

FCRE1200

2026-06-22 11:20

2026-06-23 17:18

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Originator waiver applied to non-material finding with compensating factors. Exception for loan amount below min required. - Due Diligence Vendor-06/23/2026

Ready for Review-Document Uploaded. exception uploaded - Seller-06/23/2026

Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $300000 Loan amounts under $300,000 by exception only. - Due Diligence Vendor-06/22/2026

Ready for Review-Document Uploaded. exception uploaded - Seller-06/23/2026

Waived-Originator waiver applied to non-material finding with compensating factors. Exception for loan amount below min required. - Due Diligence Vendor-06/23/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 738

LTV is less than guideline maximum - Required is 80 Borrower has 60

Qualifying DTI below maximum allowed - Required is 50 Borrower has 0.29

28%DTI , max 50%

738 fico, min 660

60% LTV

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

9864917

XXXX

409057975

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

409057845

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

409058948

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

409058949

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

409058022

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

409058006

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

409057799

Closed

FCOM1352

2026-06-23 07:58

2026-06-26 10:16

Resolved

1 - Information

Credit

Missing Doc - Credit

Business Purpose Affidavit/Disclosure Missing

Resolved-Business purpose of loan certification provided. - Due Diligence Vendor-06/26/2026

Ready for Review-Signed Business Purpose of Loan Certification is sufficient, as it is the same as a Borrower Certification of Business Purpose. Please clear - Seller-06/23/2026

Open-The Business Purpose Affidavit Disclosure is Missing The file contained Business Purpose of Loan Certification and a Certification of Non-Owner Occupancy and Indemnity forms. The guides (section 1.3.9) require the borrower to acknowledge the loan is a business purpose loan by completing and signing

the appropriate sections of the Borrower Certification of Business Purpose form in this guide. - Due Diligence Vendor-06/23/2026

Ready for Review-Signed Business Purpose of Loan Certification is sufficient, as it is the same as a Borrower Certification of Business Purpose. Please clear - Seller-06/23/2026

Resolved-Business purpose of loan certification provided. - Due Diligence Vendor-06/26/2026

LTV is less than guideline maximum - Required is 85 Borrower has 80

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 740

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9885280

XXXX

409057778

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

409058951

Closed

FCRE1198

2026-06-23 11:54

2026-06-25 14:50

Resolved

1 - Information

Credit

Eligibility

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

Resolved-Received bank statement and confirmation of ownership reflecting sufficient reserves. - Due Diligence Vendor-06/25/2026

Ready for Review-Document Uploaded. Bank statement and operating agreement for an LLC borrower has ownership in (75%) - Seller-06/24/2026

Open-Audited Reserves of 1.92 month(s) are less than Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-06/23/2026

Ready for Review-Document Uploaded. Bank statement and operating agreement for an LLC borrower has ownership in (75%) - Seller-06/24/2026

Resolved-Received bank statement and confirmation of ownership reflecting sufficient reserves. - Due Diligence Vendor-06/25/2026

Long term residence - Borrowers currently renting primary residence 9 yrs.

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 721

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

9891948

XXXX

409058922

Closed

FCRE8201

2026-06-24 06:36

2026-06-29 16:05

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-06/25/2026

Open-Exception in file for Investor Exposure of over 10 loans /$7.5 mm. - Due Diligence Vendor-06/24/2026

Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-06/25/2026

DSCR =/> 1.00 and minimum is 0.85 or Less - overlays have been met. Required is 0.8 Borrower has 1.137

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

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788

24 mos bank statements.

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

9908987

XXXX

409058921

Closed

FCRE0008

2026-06-29 16:44

2026-06-30 10:14

Resolved

1 - Information

Credit

Eligibility

Prepayment Penalty Discrepancy

Resolved-The Client acknowledges that there is no PPP. - Due Diligence Vendor-06/30/2026

Ready for Review-Client response: I am showing no PPP on this loan. - Due Diligence Vendor-06/30/2026

Open-The subject loan does not have Prepayment Penalty. Tape discloses Prepayment Penalty. - Due Diligence Vendor-06/29/2026

Resolved-The Client acknowledges that there is no PPP. - Due Diligence Vendor-06/30/2026

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.08 min 0.80 Required is 0.8 Borrower has 1.086

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

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9987209

XXXX

409058921

Closed

FCRE8201

2026-06-24 07:29

2026-06-29 16:04

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-06/25/2026

Open-Exception in file for Investor Exposure over 10 loans /$7.5 mm - Due Diligence Vendor-06/24/2026

Waived-Originator exception granted, waiver applied with comp factors. - Due Diligence Vendor-06/25/2026

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.08 min 0.80 Required is 0.8 Borrower has 1.086

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

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788

24 months bank stmt.

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

9909778

XXXX

409058918

Closed

FCRE1200

2026-06-24 09:08

2026-07-02 11:41

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Originator provided a waiver for loan amount below minimum allowed, applied to non material finding with comp factors - Due Diligence Vendor-06/29/2026

Ready for Review-Document Uploaded. exception uploaded. - Seller-06/25/2026

Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $300000 Loan amounts under $300,000 by exception only. - Due Diligence Vendor-06/24/2026

Ready for Review-Document Uploaded. exception uploaded. - Seller-06/25/2026

Waived-Originator provided a waiver for loan amount below minimum allowed, applied to non material finding with comp factors - Due Diligence Vendor-06/29/2026

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

Months Reserves exceed minimum required - 98.84 months PITIA reserves; 3 months reserves required.

LTV is 70, max is 80

Reserves minimum is 3, documented 98 months

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

9911124

XXXX

409058918

Closed

FCRE1241

2026-06-24 08:42

2026-06-29 12:54

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Missing

Resolved-Purchase contract received - Due Diligence Vendor-06/29/2026

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

Open-Loan Purpose is Purchase but Purchase Contract is Missing. - Due Diligence Vendor-06/24/2026

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

Resolved-Purchase contract received - Due Diligence Vendor-06/29/2026

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

Months Reserves exceed minimum required - 98.84 months PITIA reserves; 3 months reserves required.

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9910713

XXXX

409058918

Closed

FCRE1197

2026-06-24 23:50

2026-06-29 12:49

Resolved

1 - Information

Credit

Eligibility

Audited FICO is less than Guideline FICO

Resolved-Received original credit report that was pulled XXXX, per lender the CR provided initial was for a preQual - Due Diligence Vendor-06/29/2026

Ready for Review-Document Uploaded. Pls be advised the credit report XXXX was only a Pre Qual, not the final Credit Report. Pls see attached final report. TY - Seller-06/25/2026

Open-Audited FICO of 633 is less than Guideline FICO of 700 The score for grading per the credit report dated XXXX is 633 which is less than the guideline minimum of 700. - Due Diligence Vendor-06/25/2026

Ready for Review-Document Uploaded. Pls be advised the credit report XXXX was only a Pre Qual, not the final Credit Report. Pls see attached final report. TY - Seller-06/25/2026

Resolved-Received original credit report that was pulled 2/23/26, per lender the CR provided initial was for a preQual - Due Diligence Vendor-06/29/2026

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

Months Reserves exceed minimum required - 98.84 months PITIA reserves; 3 months reserves required.

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9927967

XXXX

409058930

Closed

FCRE0700

2026-06-23 18:16

2026-06-26 15:37

Resolved

1 - Information

Credit

Missing Doc

Closing Detail Statement Document is Missing

Resolved-Received Closing Detail Statement Document. - Due Diligence Vendor-06/26/2026

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

Open-Closing Detail Statement Document is Missing and subject property is an Investment property. - Due Diligence Vendor-06/23/2026

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

Resolved-Received Closing Detail Statement Document. - Due Diligence Vendor-06/26/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 21.09

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

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 747

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9901711

XXXX

409058930

Closed

FCRE0197

2026-06-24 11:18

2026-06-26 15:11

Resolved

1 - Information

Credit

Eligibility

The Final SELLER CD/HUD is missing

Resolved-The seller CD was provided. - Due Diligence Vendor-06/26/2026

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

Open-The Final SELLER CD/HUD is missing. Missing Final CD and seller CD. - Due Diligence Vendor-06/24/2026

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

Resolved-The seller CD was provided. - Due Diligence Vendor-06/26/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 21.09

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

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 747

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9913859

XXXX

409057855

Closed

FVAL5474

2026-06-24 18:02

2026-06-29 11:55

Resolved

1 - Information

Credit

Eligibility

Condo project is ineligible

Resolved-Per the inspection report provided, doors and windows are being replaced but not due to safety concerns - Due Diligence Vendor-06/29/2026

Ready for Review-Document Uploaded. see attached .The HOA is replacing windows, but this is not for a safety concern. I have the attached document to show that the windows are being replaced do to corrosion staining and general maintenance on the seal of the windows. This is all general maintenance, and this should clear up any safety concerns. - Seller-06/26/2026

Open-Condo project is ineligible. Due to project has critical repairs for urgent issue of failing windows in the resort(reflecting on the Window and Door project special assessments). Per guides These projects are ineligible until the required repairs have been made and documented. Acceptable documentation may include a satisfactory engineering or inspection report, certificate of occupancy, or other substantially similar documentation that shows the repairs have been completed in a manner that resolves the building’s safety, soundness, structural integrity, or habitability concerns. - Due Diligence Vendor-06/24/2026

Resolved-Per the inspection report provided, doors and windows are being replaced but not due to safety concerns - Due Diligence Vendor-06/29/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.57

LTV is less than guideline maximum - Required is 90 Borrower has 80

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 800

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

9924290

XXXX

409057830

Closed

FCOM1544

2026-06-24 09:55

2026-06-30 14:46

Resolved

1 - Information

Compliance

Missing Doc

TRID: Missing Closing Disclosure

Resolved-Loan Calculations provided. Finding Resolved. - Due Diligence Vendor-06/30/2026

Open-TRID: Missing Final Closing Disclosure Subject loan is located in XXXX and is subject to XX Predatory Lending testing. Provide a final CD with Loan Calculations (Total of Payments, Finance Charge, Amount Financed, APR and TIP) for proper testing. If using a HUD/ALTA Statement, providing final calculations separately is acceptable. - Due Diligence Vendor-06/25/2026

Resolved-Loan Calculations provided. Finding Resolved. - Due Diligence Vendor-06/30/2026

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

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 687

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9912004

XXXX

409057968

Closed

FCRE6618

2026-06-24 23:27

2026-06-29 11:58

Resolved

1 - Information

Credit

Borrower

Borrower information on 1003 is incomplete

Resolved-Lender provided property detail report for primary residence - Due Diligence Vendor-06/29/2026

Ready for Review-Document Uploaded. Property Detail Report for present address XXXX was included with credit file. Please review and advise - Seller-06/26/2026

Open-Provide length of residence at current address. Additional conditions may apply. - Due Diligence Vendor-06/25/2026

Ready for Review-Document Uploaded. Property Detail Report for present address XXXX was included with credit file. Please review and advise - Seller-06/26/2026

Resolved-Lender provided property detail report for primary residence - Due Diligence Vendor-06/29/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 689

Months Reserves exceed minimum required - 36 months cashout reserves exceeds 3 months required per guides.

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

9927941

XXXX

409058959

Closed

FCRE1200

2026-06-24 16:16

2026-06-26 14:34

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Originator waiver applied to non-material finding with comp factors- to allow the loan amount to be less than Min $300K allowed per guidelines, loan amount is XXXX - Due Diligence Vendor-06/26/2026

Ready for Review-Document Uploaded. Loan amount exception - Seller-06/25/2026

Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $300000 As per Guides, minimum loan amount $300,000. - Due Diligence Vendor-06/24/2026

Ready for Review-Document Uploaded. Loan amount exception - Seller-06/25/2026

Months Reserves exceed minimum required - 91 mths reserves; 3 mths required.

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.26 Required is 0.8 Borrower has 1.269

DSCR greater than min required of 0.8, Subject DSCR is 1.269

Min reserves required is 3 mos, borrower having 91 months reserves

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

9922867

XXXX

409058920

Closed

FCRE0197

2026-06-25 11:16

2026-06-29 13:11

Resolved

1 - Information

Credit

Eligibility

The Final SELLER CD/HUD is missing

Resolved-Received executed settlement statement - Due Diligence Vendor-06/29/2026

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

Open-The Final SELLER CD/HUD is missing. Missing final CD which would also have seller Cd - Due Diligence Vendor-06/25/2026

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

Resolved-Received executed settlement statement - Due Diligence Vendor-06/29/2026

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

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.041 min DSC 0.80 Required is 0.8 Borrower has 1.041

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9936789

XXXX

409058920

Closed

FCRE0700

2026-06-24 15:18

2026-06-29 13:11

Resolved

1 - Information

Credit

Missing Doc

Closing Detail Statement Document is Missing

Resolved-Received Closing Detail Statement Document - Due Diligence Vendor-06/29/2026

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

Open-Closing Detail Statement Document is Missing and subject property is an Investment property. Please provide Final CD - Due Diligence Vendor-06/24/2026

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

Resolved-Received Closing Detail Statement Document - Due Diligence Vendor-06/29/2026

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

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.041 min DSC 0.80 Required is 0.8 Borrower has 1.041

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9920871

XXXX

409058920

Closed

FCRE8201

2026-06-25 11:18

2026-06-25 15:49

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-Originator Waiver applied to Non-Material Finding with Comp Factors. Exception approval in file for exposure. - Due Diligence Vendor-06/25/2026

Open-Lender exception for FM exposure over 10 loans /$7.5 m. - Due Diligence Vendor-06/25/2026

Waived-Originator Waiver applied to Non-Material Finding with Comp Factors. Exception approval in file for exposure. - Due Diligence Vendor-06/25/2026

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

DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.041 min DSC 0.80 Required is 0.8 Borrower has 1.041

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 788

24 mos bank stmts.

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

9937049

XXXX

409057783

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

409058957

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Second Home

Refinance

Cash Out - Other

XXXX

409057853

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

409058042

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

409058947

Closed

FCRE5771

2026-07-01 15:37

2026-07-08 13:01

Resolved

1 - Information

Credit

Missing Doc

Borrower 2 Credit Report is Missing

Resolved-Borrower 2 Credit Report is not missing. - Due Diligence Vendor-07/08/2026

Ready for Review-Document Uploaded. correct note is enclosed... there is only one borrower - Seller-07/07/2026

Counter-Document provided is for Borrower 1, please provide for Borrower 2. Finding remains. - Due Diligence Vendor-07/06/2026

Ready for Review-Document Uploaded. credit report - Seller-07/01/2026

Open-Borrower 2 Credit Report is Missing. Missing credit report for borrower 2. Upon receipt additional conditions may apply, pending status. - Due Diligence Vendor-07/01/2026

Ready for Review-Document Uploaded. correct note is enclosed... there is only one borrower - Seller-07/07/2026

Ready for Review-Document Uploaded. credit report - Seller-07/01/2026

Resolved-Borrower 2 Credit Report is not missing. - Due Diligence Vendor-07/08/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 756

LTV is less than guideline maximum - Required is 80 Borrower has 65

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10029003

XXXX

409058947

Closed

FCRE5783

2026-07-01 15:39

2026-07-08 13:01

Resolved

1 - Information

Credit

Missing Doc

Borrower 2 Gap Credit Report is Missing

Resolved-Per client, there is not a Borrower 2 - Due Diligence Vendor-07/08/2026

Ready for Review-Document Uploaded. correct note is enclosed... there is only one borrower - Seller-07/07/2026

Counter-Document provided is for Borrower 1, please provide for Borrower 2. Finding remains. - Due Diligence Vendor-07/06/2026

Ready for Review-Document Uploaded. credit report dated XXXX - Seller-07/01/2026

Open-Borrower 2 Gap Credit Report is Missing Gap Credit Report is missing - Due Diligence Vendor-07/01/2026

Ready for Review-Document Uploaded. correct note is enclosed... there is only one borrower - Seller-07/07/2026

Ready for Review-Document Uploaded. credit report dated 06/18/26 - Seller-07/01/2026

Resolved-Per client, there is not a Borrower 2 - Due Diligence Vendor-07/08/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 756

LTV is less than guideline maximum - Required is 80 Borrower has 65

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10029080

XXXX

409058947

Closed

FCRE1506

2026-07-01 15:44

2026-07-08 12:57

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-07/08/2026

Ready for Review-Document Uploaded. correct note is enclosed... there is only one borrower - Seller-07/07/2026

Counter-Credit Report and Gap Credit provided are for Borrower 1. Open Findings are for Borrower 2 Credit Report and Gap Credit - Due Diligence Vendor-07/06/2026

Ready for Review-Document Uploaded. CREDIT REPORT - Seller-07/01/2026

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Upon receipt of all conditions ATR/QM should be able to be determined. Additional information maybe required. - Due Diligence Vendor-07/01/2026

Ready for Review-Document Uploaded. correct note is enclosed... there is only one borrower - Seller-07/07/2026

Ready for Review-Document Uploaded. CREDIT REPORT - Seller-07/01/2026

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-07/08/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 756

LTV is less than guideline maximum - Required is 80 Borrower has 65

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10029186

XXXX

409058947

Closed

FCOM1233

2026-07-01 15:31

2026-07-07 11:42

Resolved

1 - Information

Compliance

Missing Doc

The Final 1003 is Incomplete

Resolved-Received corrected note reflecting only one borrower. - Due Diligence Vendor-07/07/2026

Ready for Review-Document Uploaded. correct note is enclosed... there is only one borrower - Seller-07/07/2026

Open-The Final 1003 is Incomplete Missing Initial and Final application for XXXX as she signed the Note as Borrower. - Due Diligence Vendor-07/01/2026

Ready for Review-Document Uploaded. correct note is enclosed... there is only one borrower - Seller-07/07/2026

Resolved-Received corrected note reflecting only one borrower. - Due Diligence Vendor-07/07/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 756

LTV is less than guideline maximum - Required is 80 Borrower has 65

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10028872

XXXX

409058935

Closed

FCRE1510

2026-07-01 16:03

2026-07-06 12:36

Resolved

1 - Information

Credit

Closing

Issues exist on the Mortgage Document (Deed of Trust)

Resolved-Received corrected Mortgage with borrowers signature only - Due Diligence Vendor-07/06/2026

Ready for Review-Document Uploaded. correct mortgage - Seller-07/06/2026

Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Deed was not signed with borrowers name only under business entity - Due Diligence Vendor-07/01/2026

Ready for Review-Document Uploaded. correct mortgage - Seller-07/06/2026

Resolved-Received corrected Mortgage with borrowers signature only - Due Diligence Vendor-07/06/2026

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

DSCR =/> 1.00 and minimum is 0.85 or Less - 1.07 min 0.80 Required is 0.8 Borrower has 1.07

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 812

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10029468

XXXX

409058935

Closed

FCRE1509

2026-06-30 09:39

2026-07-06 12:34

Resolved

1 - Information

Credit

Closing

Issues exist on the Note Document

Resolved-Received Note and Addendum signed with borrower name only - Due Diligence Vendor-07/06/2026

Ready for Review-Document Uploaded. correct note and addendum are enclosed - Seller-07/06/2026

Open-There are Issues Present on the Note that must be addressed. Note was not signed with borrowers name only under business entity - Due Diligence Vendor-06/30/2026

Ready for Review-Document Uploaded. correct note and addendum are enclosed - Seller-07/06/2026

Resolved-Received Note and Addendum signed with borrower name only - Due Diligence Vendor-07/06/2026

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

DSCR =/> 1.00 and minimum is 0.85 or Less - 1.07 min 0.80 Required is 0.8 Borrower has 1.07

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 812

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9999898

XXXX

409058935

Closed

FCRE0108

2026-06-30 12:04

2026-07-06 11:34

Resolved

1 - Information

Credit

Insurance

XXXX Coverage not met

Resolved-Upon further review, XXXX is not required - Due Diligence Vendor-07/06/2026

Ready for Review-Our guidelines say to follow XXXX. XXXX does not require on limited review condo - Seller-07/01/2026

Open-XXXX Coverage not met. Missing XXXX coverage. - Due Diligence Vendor-06/30/2026

Ready for Review-Our guidelines say to follow XXXX. XXXX does not require on limited review condo - Seller-07/01/2026

Resolved-Upon further review, XXXX is not required - Due Diligence Vendor-07/06/2026

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

DSCR =/> 1.00 and minimum is 0.85 or Less - 1.07 min 0.80 Required is 0.8 Borrower has 1.07

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 812

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10003460

XXXX

409058953

Closed

FCRE8701

2026-06-30 14:03

2026-07-06 11:25

Resolved

1 - Information

Credit

Borrower

Business Entity Formation Document is Missing

Resolved-Received The Business Entity Formation Document, EIN, Operating Agreement, Formation - Due Diligence Vendor-07/06/2026

Ready for Review-Document Uploaded. LLC docs - Seller-07/02/2026

Open-The Business Entity Formation Document is Missing. Limited Liability Company (LLC) documentation is required.

• Articles of Organization

• Operating Agreement - Operating agreement must state the purpose of the LLC, its authorized activity, and its term (which must extend at least for term of our loan). Must include members % of ownership.

• Borrowing Resolution/Corporate Resolution granting authority of signer to enter loan obligation. Must reference lender and loan amount.

• EIN / Tax Identification Number

• Certificate of Good Standing from the applicable Secretary of State’s office (generally shouldn’t be more than 60 days out). If the subject property is not located in the same state in which the

entity was formed, evidence of good standing is also required from the state where the subject property is located (e.g., Certificate, screen shot from state website)

- Due Diligence Vendor-06/30/2026

Ready for Review-Document Uploaded. LLC docs - Seller-07/02/2026

Resolved-Received The Business Entity Formation Document, EIN, Operating Agreement, Formation - Due Diligence Vendor-07/06/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 812

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

DSCR =/> 1.00 and minimum is 0.85 or Less - . Required is 0.8 Borrower has 1.103

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10006209

XXXX

409057961

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

XXXX

409058923

Closed

FCRE0008

2026-07-01 14:44

2026-07-01 16:08

Resolved

1 - Information

Credit

Eligibility

Prepayment Penalty Discrepancy

Resolved-After further review- Guidelines state prepayment penalties are required for investment properties under the NQM program except where ineligible by law. XX investment properties require vesting in a corporation in order to allow prepayment penalty. As this loan clsd in an LLC- no pre payment is allowed. Lender confirmed the closing instructions had a typo and that there is no PPP for this transaction. - Due Diligence Vendor-07/01/2026

Open-Prepayment Penalty Discrepancy. Closing instructions and guidelines require a prepayment penalty on investment properties. Note does not support subject has a PPP. - Due Diligence Vendor-07/01/2026

Credit history exceeds minimum required - Credit History = 299 Months Minimum Credit History = 12 Months

Months Reserves exceed minimum required - Reserves = 41 months – Required Reserves = 3 Months

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

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10027916

XXXX

409057957

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

XXXX

409058932

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

409058934

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

409058931

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

409057990

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

409058952

Closed

FCRE1157

2026-07-06 14:55

2026-07-08 12:51

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Missing

Resolved-Received Hazard Insurance Policy is fully present - Due Diligence Vendor-07/08/2026

Ready for Review-Document Uploaded. insurance - Seller-07/06/2026

Open-Missing Hazard Insurance Policy - Due Diligence Vendor-07/06/2026

Ready for Review-Document Uploaded. insurance - Seller-07/06/2026

Resolved-Received Hazard Insurance Policy is fully present - Due Diligence Vendor-07/08/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 744

DSCR % greater than 1.20 - DSCR 1.443 min DSCR 1.00

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10077153

XXXX

409058952

Closed

FCRE8700

2026-07-06 14:29

2026-07-08 12:51

Resolved

1 - Information

Credit

Missing Doc - Credit

Missing EIN Number for Business Entity

Resolved-Received Business Entity EIN - Due Diligence Vendor-07/08/2026

Ready for Review-Document Uploaded. LLC DOCS - Seller-07/06/2026

Open-Business Entity EIN value is invalid (Field value is ''). Missing Ein, articles of organization and cert of good standing. only operating income statement provided. - Due Diligence Vendor-07/06/2026

Ready for Review-Document Uploaded. LLC DOCS - Seller-07/06/2026

Resolved-Received Business Entity EIN - Due Diligence Vendor-07/08/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 744

DSCR % greater than 1.20 - DSCR 1.443 min DSCR 1.00

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10076676

XXXX

409058952

Closed

FCRE8702

2026-07-06 14:29

2026-07-08 12:50

Resolved

1 - Information

Credit

Borrower

Business Entity Formation Document is Incomplete

Resolved-Received Business Entity Formation Documents - Due Diligence Vendor-07/08/2026

Ready for Review-Document Uploaded. LLC DOCS - Seller-07/06/2026

Open-The Business Entity Formation Document is incomplete Missing Ein, articles of organization and cert of good standing. only operating income statement provided. - Due Diligence Vendor-07/06/2026

Ready for Review-Document Uploaded. LLC DOCS - Seller-07/06/2026

Resolved-Received Business Entity Formation Documents - Due Diligence Vendor-07/08/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 744

DSCR % greater than 1.20 - DSCR 1.443 min DSCR 1.00

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10076675

XXXX

409058952

Closed

FCRE1145

2026-07-06 14:33

2026-07-08 12:50

Resolved

1 - Information

Credit

Missing Doc

Title Document Missing

Resolved-Received Title Document is fully Present - Due Diligence Vendor-07/08/2026

Ready for Review-Document Uploaded. title - Seller-07/06/2026

Open-Title Document is missing Missing title - aditional conditions may apply. - Due Diligence Vendor-07/06/2026

Ready for Review-Document Uploaded. title - Seller-07/06/2026

Resolved-Received Title Document is fully Present - Due Diligence Vendor-07/08/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 744

DSCR % greater than 1.20 - DSCR 1.443 min DSCR 1.00

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10076744

XXXX

409058952

Closed

FCRE0157

2026-07-06 15:09

2026-07-08 12:50

Resolved

1 - Information

Credit

Eligibility

Loan does not meet guideline requirements for loans listed for sale

Resolved-Received corrected Appraisal, this was an error made by appraiser - Due Diligence Vendor-07/08/2026

Ready for Review-Document Uploaded. revised appraisal - Seller-07/07/2026

Open-Loan does not meet guideline requirements for loans listed for sale. Appraiser to confirm whether the property was indeed listed for sale in the past 12 months. If so a 5% LTV reduction is required. Appraiser states this on page 1 of the appraisal report but does not provide any further commentary. - Due Diligence Vendor-07/06/2026

Ready for Review-Document Uploaded. revised appraisal - Seller-07/07/2026

Resolved-Received corrected Appraisal, this was an error made by appraiser - Due Diligence Vendor-07/08/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 744

DSCR % greater than 1.20 - DSCR 1.443 min DSCR 1.00

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10077421

XXXX

409058926

Closed

FCRE8702

2026-07-06 12:53

2026-07-13 11:02

Resolved

1 - Information

Credit

Borrower

Business Entity Formation Document is Incomplete

Resolved-Received corrected Operating Agreement with the name correction made. The Business Entity Formation Document is not incomplete - Due Diligence Vendor-07/13/2026

Ready for Review-Document Uploaded. CORRECTED OA - Seller-07/10/2026

Open-The Business Entity Formation Document is incomplete The Operating Agreement for the vested LLC reflects a different first name than the borrower’s name. Please provide explanation. Additional findings may apply. - Due Diligence Vendor-07/06/2026

Ready for Review-Document Uploaded. CORRECTED OA - Seller-07/10/2026

Resolved-Received corrected Operating Agreement with the name correction made. The Business Entity Formation Document is not incomplete - Due Diligence Vendor-07/13/2026

Months Reserves exceed minimum required - Needed is 3, borrower has 144.41.

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 780

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10074825

XXXX

409058926

Closed

FCRE1200

2026-07-06 14:11

2026-07-08 16:04

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Originator waiver applied to non-material finding with compensating factors- to allow for loan amount of XXXX when guideline min amount is $300K - Due Diligence Vendor-07/08/2026

Ready for Review-Document Uploaded. loan amount exception - Seller-07/07/2026

Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $300000 Note amount is XXXX. Guideline Minimum Loan Amount of $300,000. Additional findings may apply. - Due Diligence Vendor-07/06/2026

Ready for Review-Document Uploaded. loan amount exception - Seller-07/07/2026

Waived-Originator waiver applied to non-material finding with compensating factors- to allow for loan amount of XXXX when guideline min amount is $300K - Due Diligence Vendor-07/08/2026

Months Reserves exceed minimum required - Needed is 3, borrower has 144.41.

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 780

FICO of 780 is greater than min score allowed of 700

Reserves required are 3 months, borrower having 144 months

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

10076373

XXXX

409058929

Closed

FCRE8201

2026-07-08 09:44

2026-07-08 11:03

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-07/08/2026

Open-Lender exception for FM maximum exposure over 10 loans /$7.5 mil - Due Diligence Vendor-07/08/2026

Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-07/08/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 766

Qualifying DTI below maximum allowed - Required is 50 Borrower has 2.79

fico 20+ points

total debt 10% or more under requirement

residual income $3k or more

long term employment over 5 yrs

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

10119864

XXXX

409058936

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

409058933

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

XXXX

409058946

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

409057846

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

409058924

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

XXXX

409058954

Closed

FCRE1200

2026-07-08 12:24

2026-07-13 10:28

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Originator waiver applied to non-material finding with compensating factors- to allow the loan amount of XXXX when guides call for min loan amount to be no less than $300K. - Due Diligence Vendor-07/13/2026

Ready for Review-Document Uploaded. Loan amount exception - Seller-07/09/2026

Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $300000 Missing exception form for the loan amount exception. An email was only provided with no comp factors listed. - Due Diligence Vendor-07/08/2026

Ready for Review-Document Uploaded. Loan amount exception - Seller-07/09/2026

Months Reserves exceed minimum required - 91.37 months PITIA reserves; 3 months reserves required.

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

91.37 months in reserves, guides require 3 months

Min FICO allowed is 700, qualifying score is 750

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

10124127

XXXX

409058955

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

XXXX

409058937

Closed

FCRE1200

2026-07-09 07:25

2026-07-13 10:59

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Originator provided a waiver for loan amount less than minimum allowed per GL, applied to non material finding with comp factors - Due Diligence Vendor-07/13/2026

Ready for Review-Document Uploaded. loan amount exception - Seller-07/09/2026

Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $300000 Loan amounts under $300,000 by exception only. - Due Diligence Vendor-07/09/2026

Ready for Review-Document Uploaded. loan amount exception - Seller-07/09/2026

Waived-Originator provided a waiver for loan amount less than minimum allowed per GL, applied to non material finding with comp factors - Due Diligence Vendor-07/13/2026

LTV is less than guideline maximum - Required is 80 Borrower has 30.77

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

Fico > than 20 points above minimum allowed

LTV less than max allowed

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

10146934

XXXX

409058937

Closed

FCRE1252

2026-07-09 17:05

2026-07-13 10:55

Resolved

1 - Information

Credit

Missing Doc

Title Document is Incomplete

Resolved-Received Title Commitment reflecting #17 Omitted - Due Diligence Vendor-07/13/2026

Ready for Review-Document Uploaded. tax lien was against the seller (not our borrower) ... enclosed is showing title omitted - Seller-07/10/2026

Open-Title Document is Incomplete. Provide a Title Supplement reflecting #17 XXXX , Book #XXXX in the amount of XXXX has been omitted. - Due Diligence Vendor-07/09/2026

Ready for Review-Document Uploaded. tax lien was against the seller (not our borrower) ... enclosed is showing title omitted - Seller-07/10/2026

Resolved-Received Title Commitment reflecting #17 Omitted - Due Diligence Vendor-07/13/2026

LTV is less than guideline maximum - Required is 80 Borrower has 30.77

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

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

10161354

XXXX

409057781

Closed

FCRE1506

2026-07-09 17:43

2026-08-17 12:18

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-07/15/2026

Ready for Review-There are 12 statements uploaded to the loan from the XXXX account. This is an XXXX account, which distributes the deposits for large-balance depositors to other financial institutions on behalf of the XXXX account holder (our Borrower) to increase the FDIC coverage - Seller-07/14/2026

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Provide 12 months bank statements from XXXX reflecting XXXX balances and and transactions. - Due Diligence Vendor-07/09/2026

Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-07/15/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 3.96

LTV is less than guideline maximum - Required is 75 Borrower has 62.31

Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 779

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10161736

XXXX

409057781

Closed

FCRE1342

2026-07-09 17:42

2026-07-15 15:41

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 Business Bank Statements Missing

Resolved-Received confirmation XXXX account and acceptable. - Due Diligence Vendor-07/15/2026

Ready for Review-Document Uploaded. . There are 12 statements uploaded to the loan from the XXXX account. This is an XXXX account, which distributes the deposits for large-balance depositors to other financial institutions on behalf of the XXXX account holder (our Borrower) to increase the FDIC coverage. - Seller-07/14/2026

Open-Borrower 1 Business Bank Statements Missing Provide 12 months bank statements from XXXX reflecting Uniting bank balances and and transactions. Note the aggregated statements reflecting and summarizing account are showing the deposits from those accounts which does not include XXXX transactions. Further the accounts do not reflect account holders or are verified as business accounts. - Due Diligence Vendor-07/09/2026

Resolved-Received confirmation XXXX account and acceptable. - Due Diligence Vendor-07/15/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 3.96

LTV is less than guideline maximum - Required is 75 Borrower has 62.31

Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 779

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

10161733

XXXX

409057781

Closed

FCOM1353

2026-07-09 12:29

Waived

2 - Non-Material

Compliance

Disclosure

Incorrect ROR Form Type selected

Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-07/09/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 3.96

LTV is less than guideline maximum - Required is 75 Borrower has 62.31

Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 779

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

10154949