Exception Grades

Run Date - 9/11/2026 3:06:54 PM

SitusAMC Loan ID Customer Loan ID Seller Loan ID Investor Loan Number Loan Exception ID Exception ID Exception Date Exception Type Exception Category Exception Subcategory 15E Category Exception Exception Detail Exception Information Compensating Factors Compensating Factor Information Applying Party Follow-up Comments Cleared Date Cured Date Waived Date Waived with Regrade Exception Level Grade DBRS Initial Exception Rating DBRS Final Exception Rating Fitch Initial Exception Rating Fitch Final Exception Rating Kroll Initial Exception Rating Kroll Final Exception Rating Moody's Initial Exception Rating Moody's Final Exception Rating S&P Initial Exception Rating S&P Final Exception Rating Note Date Property State Occupancy Purpose Exception Remediation Overall
Initial Loan Grade		 Overall
Final Loan Grade		 Credit
Initial Loan Grade		 Credit
Final Loan Grade		 Compliance
Initial Loan Grade		 Compliance
Final Loan Grade		 Property
Initial Loan Grade		 Property
Final Loan Grade		 Originator QM ATR Status TPR QM ATR Status Is Curable
226273604             Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided   Credit report is missing.       Reviewer Comment (2026-03-05): Credit report provided, exception cleared.


Buyer Comment (2026-03-05): Credit Report
 03/05/2026     No 1 D A D A D A D A D A   CA Primary Refinance - Cash-out - Other   D B D B C A A A Non QM Non QM No
226273604             Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign consent agreement is missing.       Reviewer Comment (2026-03-20): provided


Buyer Comment (2026-03-16): Please provide the e consent form where the borrower accepted with timestamp at bottom of document


Reviewer Comment (2026-03-16): Please provide the e consent form where the borrower accepted with timestamp.


Buyer Comment (2026-03-10): We used (redacted) as our LOS on this file, and this is what the system had for the econsent.  Documents cannot be esigned until this is accepted
 03/20/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   D B D B C A A A Non QM Non QM No
226273604             Credit Guideline Guideline Issue Guideline Aged document: Primary Valuation is older than guidelines permit - Effective date of xx/xx/xxxx of appraisal report is more than xxx days prior to note date xx/xx/xxxx. Per guideline, original appraisals are valid for xxx days from the note date. The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least xx%.		 The Loan to Value (LTV) on the loan is less than the
guideline maximum by at least (redacted).		 Aggregator,SitusAMC Reviewer Comment (2026-03-16): Lender exception in
file


Buyer Comment (2026-03-12): Investor granted the x
day exception for age of appraisal
     03/16/2026 Yes 2 C B C B C B C B C B   CA Primary Refinance - Cash-out - Other   D B D B C A A A Non QM Non QM No
226273604             Credit Income / Employment Income Documentation Income /
Employment		 Verification(s) of employment is not within 10 business
days of the Note.		 - Verification of employment dated within xx business days of the note is missing from the loan file.       Reviewer Comment (2026-03-05): VVOE provided, exception cleared.


Buyer Comment (2026-03-05): Verbal within xx days of closing
 03/05/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   D B D B C A A A Non QM Non QM No
226273604             Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan
Designation of Non QM does not match Due Diligence
Loan Designation of ATR Fail.		 Loan file is missing verbal verification of employment
dated within xx business days prior to note date,
resulting in a loan designation discrepancy.		       Reviewer Comment (2026-03-05): VVOE provided, exception cleared.


Buyer Comment (2026-03-05): verbal verification of employment dated within xx business days prior to note date
 03/05/2026     No 1 B A C A B A C A B A   CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status D B D B C A A A Non QM Non QM Yes
226273604             Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Credit History Ability to Repay (Dodd-Frank 2014): Unable to verify debt obligations using reasonably reliable third-party records. Waterfall due to credit report is missing.       Reviewer Comment (2026-03-05): Credit report provided, exception cleared.


Buyer Comment (2026-03-05): Credit report
 03/05/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   D B D B C A A A Non QM Non QM No
226273604             Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. The loan is missing the credit report and verbal VOE required by the guidelines, causing the loan to waterfall through the QM testing.       Reviewer Comment (2026-03-05): VVOE and credit report provided, exception cleared.


Buyer Comment (2026-03-05): VVOE and Credit
 03/05/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   D B D B C A A A Non QM Non QM No
226273604             Compliance Compliance Federal Compliance TRID Defect TRID Interim Closing Disclosure Timing Regular APR Change TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure issued on (redacted) contains a change in APR and a complete Closing Disclosure was not received by borrower at least three (x) business days prior to consummation. Closing disclosure dated x-xx-xx APR is x.xxx%. Disclosure dated x-xx-xx is APR x.xxx%.       Reviewer Comment (2026-03-06): (redacted) received CD dated x/x/xxxx.


Buyer Comment (2026-03-05): CD issued on x x xxxx
 03/06/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other No Defined Cure D B D B C A A A Non QM Non QM No
226273604             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of (redacted) exceeds tolerance of (redacted).  (redacted) over legal limit.  Insufficient or no cure was provided to the borrower. Loan discount points were not disclosed on Loan Estimate. File does not contain a valid Change of Circumstance for this fee, nor evidence of cure.       Reviewer Comment (2026-03-09): (redacted) received LE and COC dated xx/xx.


Buyer Comment (2026-03-06): Locked LE with COC for discount points


Buyer Comment (2026-03-06): COC and LE addressing the discount fee for lock


Reviewer Comment (2026-03-06): (redacted) received CD dated x/x/xxxx along with COC. However, the fee added on CD dated x/xx/xxxx therefore we would require a valid COC for the fee added on CD dated x/xx/xxxx or cure due to borrower. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing.


Buyer Comment (2026-03-05): COC for rate change discount fee
 03/09/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C A A A Non QM Non QM Yes
226273604             Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. The loan is missing the credit report and verbal VOE required by the guidelines, causing the loan to waterfall through the QM testing.       Reviewer Comment (2026-03-05): VVOE provided, exception cleared.
 03/05/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   D B D B C A A A Non QM Non QM No
226273604             Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Verification of employment is missing within xx business days of the note.       Reviewer Comment (2026-03-05): VVOE provided, exception cleared.


Buyer Comment (2026-03-05): Verification of Employment within xx days of note
 03/05/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   D B D B C A A A Non QM Non QM No
226273604             Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) The loan is missing the credit report and verbal VOE required by the guidelines, causing the loan to waterfall through the QM testing.       Reviewer Comment (2026-03-05): VVOE provided, exception cleared.


Buyer Comment (2026-03-05): Credit and VVOE
 03/05/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   D B D B C A A A Non QM Non QM No
226273604             Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy.   Unable to determine if loan meets FICO requirement due to missing credit report.       Reviewer Comment (2026-03-05): Credit report provided, exception cleared.


Buyer Comment (2026-03-05): Credit report
 03/05/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   D B D B C A A A Non QM Non QM No
226275266             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-03-17): Confirmed by (redacted)


Seller Comment (2026-03-09): Comment from (redacted) ((redacted)): Please see the attached fedEx label. We also uploaded the tracking number in the comment section.
 03/17/2026     No 1 A A A A A A A A A A   NY Primary Purchase   A A A A A A A A Non QM Non QM No
226275266             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-17): Confirmed by (redacted)
 03/17/2026     No 1 A A A A A A A A A A   NY Primary Purchase   A A A A A A A A Non QM Non QM No
226275266             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-17): Confirmed by (redacted)
 03/17/2026     No 1 A A A A A A A A A A   NY Primary Purchase   A A A A A A A A Non QM Non QM No
226275266             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-17): Confirmed by (redacted)
 03/17/2026     No 1 A A A A A A A A A A   NY Primary Purchase   A A A A A A A A Non QM Non QM No
226275267             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-03-31): Cleared by Custodian
 03/31/2026     No 1 A A A A A A A A A A   NY Primary Purchase   A A A A A A A A Non QM Non QM No
226275267             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-31): Cleared by Custodian
 03/31/2026     No 1 A A A A A A A A A A   NY Primary Purchase   A A A A A A A A Non QM Non QM No
226275267             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-31): Cleared by Custodian
 03/31/2026     No 1 A A A A A A A A A A   NY Primary Purchase   A A A A A A A A Non QM Non QM No
226275267             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-31): Cleared by Custodian
 03/31/2026     No 1 A A A A A A A A A A   NY Primary Purchase   A A A A A A A A Non QM Non QM No
226275268             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-22): per client request


Buyer Comment (2026-04-09): Comment from (redacted) ((redacted).): "This was received by us on x/xx, we shipped to (redacted) on x/x. Everything you sent to us would have been shipped with it- we do not separate the packets". This applies to the other x conditions:  The Note Allonge, Security Instrument and Title Policy
 04/22/2026     No 1 A A A A A A A A A A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
226275268             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): per client request
 04/22/2026     No 1 A A A A A A A A A A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
226275268             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): per client request
 04/22/2026     No 1 A A A A A A A A A A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
226275268             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): per client request
 04/22/2026     No 1 A A A A A A A A A A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
226275268             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.                 04/02/2026 No 1 A A A A A A A A A A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
226275268             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2026-04-09): Final Title provided.
 04/09/2026     No 1 B A B A B A B A B A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
226275269             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-10): Collateral exception cleared by (redacted)
 04/10/2026     No 1 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
226275269             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-10): Collateral exception cleared by (redacted)
 04/10/2026     No 1 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
226275269             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-10): Collateral exception cleared by (redacted)
 04/10/2026     No 1 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
226275269             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-10): Collateral exception cleared by (redacted)
 04/10/2026     No 1 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
226275269             Compliance TRID Document Error TRID Closing Disclosure: Dates are not in chronological order. - Issue Date: ___; Received Date: ___; Signed Date: ___ The CD has an issue date of x/xx/xxxx but was signed by the borrower on x/xx/xxxx.       Reviewer Comment (2026-04-22): per client request


Buyer Comment (2026-04-20): Comment from (redacted) ((redacted)): Please waive EVx


Reviewer Comment (2026-04-14): buyer to review


Buyer Comment (2026-04-13): Comment from (redacted) ((redacted)): Waive as level x. Please complete and close out.
     04/22/2026 No 2 B B B B B B B B B B   NY Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
226275270             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-13): Collateral Docs provided.
 04/13/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   B B B B B B A A Non QM Non QM No
226275270             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-13): Collateral Docs provided.
 04/13/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   B B B B B B A A Non QM Non QM No
226275270             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-13): Collateral Docs provided.
 04/13/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   B B B B B B A A Non QM Non QM No
226275270             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-13): Collateral Docs provided.
 04/13/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   B B B B B B A A Non QM Non QM No
226275270             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/06/2026 No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   B B B B B B A A Non QM Non QM No
226275270             Compliance TRID Document Error TRID Closing Disclosure: Dates are not in chronological order. - Issue Date: ___; Received Date: ___; Signed Date: ___ The CD has an issue date of x/xx/xxxx but was signed by the borrower on x/xx/xxxx.       Reviewer Comment (2026-04-07): Waived at buyers request


Seller Comment (2026-04-06): Comment from (redacted) ((redacted)): PCCD
     04/07/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   B B B B B B A A Non QM Non QM No
226275270             Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.               04/06/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   B B B B B B A A Non QM Non QM No
226275271             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-21): Collateral docs provided.
 04/21/2026     No 1 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   B A A A B A A A Non QM Non QM No
226275271             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-21): Collateral docs provided.
 04/21/2026     No 1 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   B A A A B A A A Non QM Non QM No
226275271             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-21): Collateral docs provided.
 04/21/2026     No 1 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   B A A A B A A A Non QM Non QM No
226275271             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-21): Collateral docs provided.
 04/21/2026     No 1 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   B A A A B A A A Non QM Non QM No
226275271             Compliance Compliance Federal Compliance Missing Non-Required Data Disbursement Date Missing Test Disbursement Date Missing: Evidence of disbursement date not found in file. Note Interest Accrual Start Date of (redacted) used as disbursement date for compliance testing.         Reviewer Comment (2026-04-21): Clear per Cient.
 04/21/2026     No 1 B A B A B A B A B A   NY Primary Refinance - Cash-out - Other   B A A A B A A A Non QM Non QM No
226275272             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-22): Comment from (redacted) ((redacted)): xxxxxxxxxxxx // FedEx
 04/30/2026     No 1 A A A A A A A A A A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
226275272             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-22): Comment from (redacted) ((redacted)): xxxxxxxxxxxx // FedEx
 04/30/2026     No 1 A A A A A A A A A A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
226275272             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-22): Comment from (redacted) ((redacted)): xxxxxxxxxxxx // FedEx
 04/30/2026     No 1 A A A A A A A A A A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
226275272             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-22): Comment from (redacted) ((redacted)): xxxxxxxxxxxx // FedEx
 04/30/2026     No 1 A A A A A A A A A A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
226275272             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.                 04/21/2026 No 1 A A A A A A A A A A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
226275272             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2026-04-22): final title provided


Seller Comment (2026-04-21): Comment from (redacted) ((redacted)): See attached.
 04/22/2026     No 1 B A B A B A B A B A   CA Primary Purchase   B A B A A A A A Non QM Non QM No
226275274             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
226275274             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
226275274             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
226275274             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
226275274             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/21/2026 No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Non QM No
226275274             Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of (redacted) exceeds tolerance of(redacted) plus 10% or (redacted).  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-04-21): Sufficient Cure Provided At Closing
   04/21/2026   No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM No
226275275             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   C B C B A A A A Non QM Non QM No
226275275             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   C B C B A A A A Non QM Non QM No
226275275             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   C B C B A A A A Non QM Non QM No
226275275             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   C B C B A A A A Non QM Non QM No
226275275             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003           Reviewer Comment (2026-05-01): Document provided. Exception cleared


Seller Comment (2026-04-30): Comment from (redacted) ((redacted)): Kindly see attached.
 05/01/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C B A A A A Non QM Non QM No
226275275             Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. Guidelines allow a max LTV of xx% for a bank statement loan, cash-out refinance of a primary home. Borrower has been employed in the same industry for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has worked in the same position for more than x years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

The representative FICO score exceeds the guideline minimum by at least xx points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2026-05-07): per client request


Buyer Comment (2026-05-07): Comment from (redacted) (redacted) ((redacted)): Please waive as this meets BX guidelines.


Reviewer Comment (2026-05-01): Buyer to review. Seller states preapproved exception


Seller Comment (2026-04-30): Comment from (redacted) ((redacted)): Subject loan was approved under LTV Exception of xx%.  Exception Approval was based on investors' max LTV allowed (hard guidelines).
     05/07/2026 No 2 C B C B C B C B C B   CA Primary Refinance - Cash-out - Other   C B C B A A A A Non QM Non QM No
226275276             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-24): Comment from (redacted) ((redacted)): xxxxxxxxxxxx // Fedex
 04/30/2026     No 1 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Non QM No
226275276             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-24): Comment from (redacted) ((redacted)): xxxxxxxxxxxx // Fedex
 04/30/2026     No 1 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Non QM No
226275276             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-24): Comment from (redacted) ((redacted)): xxxxxxxxxxxx // Fedex
 04/30/2026     No 1 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Non QM No
226275276             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-24): Comment from (redacted) ((redacted)): xxxxxxxxxxxx // Fedex
 04/30/2026     No 1 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Non QM No
226275276             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/24/2026 No 1 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Non QM No
226275277             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   TX Primary Refinance - Rate/Term   A A A A A A A A Non QM Non QM No
226275277             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   TX Primary Refinance - Rate/Term   A A A A A A A A Non QM Non QM No
226275277             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Seller Comment (2026-04-24): Comment from (redacted) ((redacted).): see attached
 04/30/2026     No 1 A A A A A A A A A A   TX Primary Refinance - Rate/Term   A A A A A A A A Non QM Non QM No
226275277             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Seller Comment (2026-04-24): Comment from (redacted) ((redacted).): see attached
 04/30/2026     No 1 A A A A A A A A A A   TX Primary Refinance - Rate/Term   A A A A A A A A Non QM Non QM No
226275277             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/24/2026 No 1 A A A A A A A A A A   TX Primary Refinance - Rate/Term   A A A A A A A A Non QM Non QM No
226275277             Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of (redacted) exceeds tolerance of (redacted).  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-04-24): Sufficient Cure Provided At Closing
   04/24/2026   No 1 A A A A A A A A A A   TX Primary Refinance - Rate/Term Final CD evidences Cure A A A A A A A A Non QM Non QM No
226275278             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
226275278             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
226275278             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
226275278             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   NY Primary Purchase   C B A A C B A A Non QM Non QM No
226275278             Compliance Compliance Federal Compliance Missing Non-Required Data (Missing Data) Last Rate Set Date Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.         Reviewer Comment (2026-04-27): Waived at buyers request
     04/27/2026 No 2 B B B B B B B B B B   NY Primary Purchase   C B A A C B A A Non QM Non QM No
226275278             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Amount Financed Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on (redacted) disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of (redacted) is over disclosed by (redacted) compared to the calculated Amount Financed of $659,612.76 and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated 04/13/2026). Loan Calculations: Final Closing Disclosure provided on xx/xx/xxxx disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $xxx,xxx.xx is over-disclosed by $xxx.xx compared to the calculated Amount Financed of $xxx,xxx.xx, and the disclosed Finance Charge is not accurate within applicable tolerances for the Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated xx/xx/xxxx). (Final/xx/xx/xxxx)       Reviewer Comment (2026-05-01): CDA was required by investor per lender.


Buyer Comment (2026-04-30): Comment from (redacted) ((redacted)): The CDA fee is for a third-party review of the appraisal report and was required per investor guides.


Reviewer Comment (2026-04-30): CDA fee is listed in section H in the amount of $xxx. This fee is usually disclosed in section B and is not a lender choice.  Please provide LOA in regard to fee purpose and entity that requested the CDA.


Buyer Comment (2026-04-29): Comment from (redacted) ((redacted)): Cannot duplicate the finding please provide additional information.
 05/01/2026     No 1 C A C A C A C A C A   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) C B A A C B A A Non QM Non QM No
226275278             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on(redacted) disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of (redacted) is under disclosed by (redacted) compared to the calculated Finance Charge of (redacted) which exceeds the(redacted) threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated (redacted)). Loan Calculations: Final Closing Disclosure provided on xx/xx/xxxx disclosed an inaccurate Finance Charge on page x that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $x,xxx,xxx.xx is under-disclosed by $xxx.xx compared to the calculated Finance Charge of $x,xxx,xxx.xx, which exceeds the $xxx.xx threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated xx/xx/xxxx). (Final/xx/xx/xxxx)       Reviewer Comment (2026-05-01): CDA was required by investor per lender.


Buyer Comment (2026-04-30): Comment from (redacted) ((redacted)): The CDA fee is for a third-party review of the appraisal report and was required per investor guides.


Reviewer Comment (2026-04-30): CDA fee is listed in section H in the amount of $xxx. This fee is usually disclosed in section B and is not a lender choice.  Please provide LOA in regard to fee purpose and entity that requested the CDA.


Buyer Comment (2026-04-29): Comment from (redacted) ((redacted)): Cannot duplicate the finding please provide additional information
 05/01/2026     No 1 C A C A C A C A C A   NY Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) C B A A C B A A Non QM Non QM No
226275279             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): collateral cleared x/xx/xx
 04/30/2026     No 1 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Non QM No
226275279             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): collateral cleared x/xx/xx
 04/30/2026     No 1 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Non QM No
226275279             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): collateral cleared x/xx/xx
 04/30/2026     No 1 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Non QM No
226275279             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): collateral cleared x/xx/xx
 04/30/2026     No 1 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Non QM No
226275279             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/27/2026 No 1 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Non QM No
226275280             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   AZ Primary Purchase   C A A A C A A A Non QM Non QM No
226275280             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   AZ Primary Purchase   C A A A C A A A Non QM Non QM No
226275280             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   AZ Primary Purchase   C A A A C A A A Non QM Non QM No
226275280             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   AZ Primary Purchase   C A A A C A A A Non QM Non QM No
226275280             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/27/2026 No 1 A A A A A A A A A A   AZ Primary Purchase   C A A A C A A A Non QM Non QM No
226275280             Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver Test TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. The only CD provided was issued x/xx/xxxx, the same date as the note date.       Reviewer Comment (2026-05-28): (redacted) received xx/xx CD received x business days prior to consummation.


Seller Comment (2026-05-28): Comment from (redacted) ((redacted).): x/x-CD signed
 05/28/2026     No 1 C A C A C A C A C A   AZ Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
226275280             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of (redacted) exceeds tolerance of (redacted).  (redacted) over legal limit.  Insufficient or no cure was provided to the borrower. Fee Amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx. $x,xxx.xx over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-05-28): (redacted) Received Valid COC dated xx/xx/xxxx


Seller Comment (2026-05-28): Comment from (redacted) ((redacted).): COC for the x/xx-Cd with rate and points adjusting.
 05/28/2026     No 1 C A C A C A C A C A   AZ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM No
226275281             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/28/2026 No 1 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Non QM No
226275282             Compliance Compliance Federal Compliance TRID Defect TRID Closing Disclosure Issue Date Not Provided TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on (redacted) did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available. The CD did not have an issue date but it was signed by the borrowers on x/xx/xxxx.       Reviewer Comment (2026-05-05): (redacted) received LOA


Seller Comment (2026-05-04): Comment from (redacted) ((redacted)): See attached Attestation


Reviewer Comment (2026-05-01): Please provide Attestation indicating settlement agent inadvertently included an incomplete CD in the file with incomplete page x and x and signed by the borrowers that was not the final CD at closing.  This resulted from a Bonafide error notwithstanding the maintenance of procedures reasonably adapted to avoid such errors The borrower received and signed the CDs on x/xx.


Seller Comment (2026-04-30): Comment from (redacted) ((redacted)): See attached final Signed Cd with Issue date
 05/05/2026     No 1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other Good Faith Redisclosure C A C A C A A A Non QM Non QM No
226275282             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/29/2026 No 1 A A A A A A A A A A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
226275282             Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.           Reviewer Comment (2026-05-13): (redacted)guidelines state HOI is acceptable if replacement cost is provided, even if coverage is below he loan amount.  Confirmed this with (redacted).


Reviewer Comment (2026-05-01): buyer to review, the policy shows $xxx,xxx of replacement cost coverage but it does not show xxx% or guaranteed replacement cost and a replacement cost estimate was not provided


Seller Comment (2026-04-30): Comment from (redacted) ((redacted)): see attached policy that shows replacement cost which satisfies (redacted)GL
 05/13/2026     No 1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
226275282             Compliance Compliance Federal Compliance TRID Defect TRID Closing Disclosure Issue Date Not Provided TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on (redacted) did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available. Please provide Attestation indicating settlement agent inadvertently included an incomplete CD in the file with incomplete page x and x and signed by the borrowers that was not the final CD at closing.  This resulted from a Bonafide error notwithstanding the maintenance of procedures reasonably adapted to avoid such errors The borrower received and signed the CDs on x/xx.       Reviewer Comment (2026-05-05): (redacted) received LOA.


Seller Comment (2026-05-04): Comment from (redacted) ((redacted)): See attached Attestation
 05/05/2026     No 1   A   A   A   A   A   FL Primary Refinance - Cash-out - Other Good Faith Redisclosure C A C A C A A A Non QM Non QM No
226275282             Compliance Compliance Federal Compliance TRID Defect TRID Interim Closing Disclosure Timing Product Change TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure issued on (redacted) contains a change in loan product and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation. Please provide Attestation indicating settlement agent inadvertently included an incomplete CD in the file with incomplete page x and x and signed by the borrowers that was not the final CD at closing.  This resulted from a Bonafide error notwithstanding the maintenance of procedures reasonably adapted to avoid such errors The borrower received and signed the CDs on x/xx.       Reviewer Comment (2026-05-05): Product did not actually change and disclosure is acceptable.


Seller Comment (2026-05-04): Comment from (redacted) ((redacted)): See attached Attestation
 05/05/2026     No 1   A   A   A   A   A   FL Primary Refinance - Cash-out - Other No Defined Cure C A C A C A A A Non QM Non QM No
226275283             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.                 04/29/2026 No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   C A B A C A A A Non QM Non QM No
226275283             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing UCC Termination.  Fee Amount of (redacted) exceeds tolerance of (redacted). (redacted) over legal limit.  Insufficient or no cure was provided to the borrower. Fee Amount of $xx.xx exceeds tolerance of $x.xx. $xx.xx over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-05-01): (redacted) received additional information confirming UCC termination was escrow company fee.  Fee was paid to same provider listed on LE and was not a vendor listed on SSPL and disclosed in Section C.  Shoppable fee.


Seller Comment (2026-04-30): Comment from (redacted) ((redacted)): Processing UCC Termination Fee is one of the services that the escrow company provided.  Service was for escrow company's document preparation for UCC termination form and related processing.  This was NOT a recording fee (payable to county recorder's office, which the amount cannot be increased) but a processing fee payable to the escrow company.  Since this processing fee was included in Section C, which has tolerance of xx% on the total fee for Section C, this was NOT a tolerance violence.  Kindly waive this condition.
 05/01/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A B A C A A A Non QM Non QM No
226275283             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2026-05-04): final title provided


Seller Comment (2026-05-01): Comment from (redacted) ((redacted)): See attached.


Reviewer Comment (2026-05-01): to clear exception please provide a copy of the actual title policy


Seller Comment (2026-04-30): Comment from (redacted) ((redacted)): Please see attached.
 05/04/2026     No 1 B A B A B A B A B A   CA Primary Refinance - Rate/Term   C A B A C A A A Non QM Non QM No
226275284             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/06/2026 No 1 A A A A A A A A A A   NJ Investment Purchase   A A A A A A A A N/A N/A No
226275285             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/06/2026 No 1 A A A A A A A A A A   NJ Primary Refinance - Rate/Term   A A A A A A A A Non QM Non QM No
226275285             Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of(redacted) exceeds tolerance of (redacted).  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-06): Sufficient Cure Provided At Closing
   05/06/2026   No 1 A A A A A A A A A A   NJ Primary Refinance - Rate/Term Final CD evidences Cure A A A A A A A A Non QM Non QM No
226275286             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2026-05-11): Updated report provided Cleared


Seller Comment (2026-05-08): Comment from (redacted) ((redacted)): Title supplement
 05/11/2026     No 1 B A B A B A B A B A   CA Primary Refinance - Cash-out - Other   B A B A A A A A Non QM Non QM No
226275286             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/05/2026 No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   B A B A A A A A Non QM Non QM No
226275287             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/07/2026 No 1 A A A A A A A A A A   TN Second Home Purchase   C B A A C B A A Non QM Non QM No
226275287             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrow Costs Year 1 Underdisclosed - October 2018 TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year 1 of  on Final Closing Disclosure provided on (redacted) are underdisclosed.         Reviewer Comment (2026-05-21): (redacted) received Letter of Explanation & Corrected Closing Disclosure.


Seller Comment (2026-05-20): Comment from (redacted) ((redacted)): LOE TO BORROWER


Reviewer Comment (2026-05-19): (redacted) received Corrected CD.  Missing copy of LOE to borrower which accompanied the PCCD to finalize cure.


Seller Comment (2026-05-18): Comment from (redacted) ((redacted)): PCCD


Reviewer Comment (2026-05-08): The appraisal indicates HOA dues of xxx/mo. The acceptable amounts are xx,xx, or xx months. The allowable tolerance for the escrow account fields is $x for underdisclosure and no penalty for overdisclosure however the amount cannot exceed xx months of calculated costs or less than x months. Please provide verification if using an updated amount.  Letter of Explanation and Corrected CD required to cure.


Buyer Comment (2026-05-07): Comment from (redacted) ((redacted)): Could you please clarify what costs are under disclosed?
   05/21/2026   No 2 C B C B C B C B C B   TN Second Home Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
226275287             Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing (redacted)         Reviewer Comment (2026-05-07): Sufficient Cure Provided At Closing
   05/07/2026   No 1 A A A A A A A A A A   TN Second Home Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM No
226275288             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/07/2026 No 1 A A A A A A A A A A   NJ Investment Purchase   A A A A A A A A Non QM N/A No
226275289             Credit Hazard Insurance Document Error Hazard Insurance Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements.           Reviewer Comment (2026-05-08): Updated document provided


Seller Comment (2026-05-07): Comment from (redacted) ((redacted)): HOI
 05/08/2026     No 1 C A C A C A C A C A   TN Investment Purchase   C A C A B A A A N/A N/A No
226275289             Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003           Reviewer Comment (2026-05-08): Documents provided


Seller Comment (2026-05-07): Comment from (redacted) ((redacted)): INITIAL xxxx
 05/08/2026     No 1 B A B A B A B A B A   TN Investment Purchase   C A C A B A A A N/A N/A No
226275289             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/07/2026 No 1 A A A A A A A A A A   TN Investment Purchase   C A C A B A A A N/A N/A No
226275290             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.                 05/12/2026 No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   C A C A A A A A Non QM Non QM No
226275290             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2026-05-13): Final title provided


Seller Comment (2026-05-12): Comment from (redacted) ((redacted)): See attached.
 05/13/2026     No 1 B A B A B A B A B A   CA Primary Refinance - Rate/Term   C A C A A A A A Non QM Non QM No
226275290             Credit Credit Miscellaneous Guideline Credit Exception:   Guidelines state the lesser of the appraised value or sales price is used to calculate the LTV.  The property was deeded to the borrower xx/xx/xxxx and a sales price was not provided.  The LOE provided in the loan file states the borrower lives rent free with his parents, who deeded him the property.  The current mortgage is still in the parents name and the pay history provided shows it has been paid by the parents.       Reviewer Comment (2026-05-28): Cleared at buyers request


Buyer Comment (2026-05-27): Comment from (redacted) ((redacted)): Please use the appraised value for the LTV


Reviewer Comment (2026-05-13): Buyer to review. There is no reference for this type of transaction in the guidelines


Seller Comment (2026-05-12): Comment from (redacted) ((redacted)): The subject property was previously under our borrower's mother's name "(Redacted)."

 

Due to old age, the mother no longer wanted the financial obligation to pay the mortgage, so she transferred the property to our borrower "(Redacted)" on xx/xx/xxxx. Borrower is refinancing the current mortgage under his own name to relieve the financial obligations from his mother.

 

Prior to the deed transfer, borrower was residing with his mother rent-free for over a year which covers the xx-month housing history for the borrower.  

 

The xx-month mortgage payment history for the mother was provided to show there was no late payments and proof this is not a bail out transaction.
 05/28/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Rate/Term   C A C A A A A A Non QM Non QM No
226275291             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Missing source and documentation for $xxx,xxx.xx wire from (redacted)       Reviewer Comment (2026-05-14): source and documentation provided


Seller Comment (2026-05-13): Comment from (redacted) ((redacted)): Please see the attached FSS supporting the source of xxx,xxx.xx
 05/14/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275291             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/13/2026 No 1 A A A A A A A A A A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275291             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Missing source and documentation for $xxx,xxx.xx wire from (Redacted).       Reviewer Comment (2026-05-14): asset provided


Seller Comment (2026-05-13): Comment from (redacted) ((redacted)): Please see the attached FSS supporting the source of xxx,xxx.xx
 05/14/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275291             Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Exception due to insufficient funds for closing and reserves.       Reviewer Comment (2026-05-14): asset provided
 05/14/2026     No 1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM No
226275291             Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Exception due to insufficient funds for closing and reserves.       Reviewer Comment (2026-05-14): asset provided
 05/14/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275291             Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.         Reviewer Comment (2026-05-13): per client request to waive EVx exceptions
     05/13/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275292             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/15/2026 No 1 A A A A A A A A A A   NY Investment Refinance - Cash-out - Other   B A A A B A A A N/A N/A No
226275292             Compliance Compliance Federal Compliance Flood Flood Insurance Escrow - Flood not Escrowed for Property in Flood Zone Loan originated post (redacted), the subject property is in a flood zone, flood insurance is not escrowed.         Reviewer Comment (2026-05-19): The property is a condo and the flood insurance is a blanket policy paid by the HOA.


Buyer Comment (2026-05-19): Comment from (redacted) ((redacted)): Property is a Condo, the condition is N/A
 05/19/2026     No 1 B A B A B A B A B A   NY Investment Refinance - Cash-out - Other Provide evidence the escrow account was established for the flood insurance, LOE, Corrected IEAD, corrected PCCD (if applicable) B A A A B A A A N/A N/A No
226275293             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/15/2026 No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   C B C B A A A A Non QM Non QM No
226275293             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-05-15): grade x exception waived per client request
     05/15/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   C B C B A A A A Non QM Non QM No
226275293             Credit Credit Credit Documentation Credit Missing Document: Subordination Agreement not provided           Reviewer Comment (2026-05-18): provided


Seller Comment (2026-05-15): Comment from (redacted) ((redacted)): See attached executed Subordination Agmt. package.
 05/18/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Rate/Term   C B C B A A A A Non QM Non QM No
226275294             Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date Truth in Lending Act:  Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s).         Reviewer Comment (2026-05-22): Letter of Explanation, Proof of Delivery, and updated RTC was provided


Seller Comment (2026-05-21): Comment from (redacted) ((redacted)): Attached are the executed corrected RTC and proof of delivery.


Reviewer Comment (2026-05-18): With a transaction date of x/x/xxxx the eligible disbursement date is not until x/x/xxxx and the expiration date should have been x/x/xxxx.  Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form


Seller Comment (2026-05-15): Comment from (redacted) ((redacted)): Executed closing docs consistently reflect borrower signatures dated x/x/xxxx, supporting the rescission timeline reflected on the executed RTC forms.
   05/22/2026   No 2 C B C B C B C B C B   CA Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form D B D B C B A A Non QM Non QM No
226275294             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003           Reviewer Comment (2026-05-18): xxxx provided. Exception cleared


Seller Comment (2026-05-15): Comment from (redacted) ((redacted)): See attached.
 05/18/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Rate/Term   D B D B C B A A Non QM Non QM No
226275294             Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Property transferred from Trust to Individual. The file is missing the Trust Agreement.       Reviewer Comment (2026-05-18): Trust agreement provided.


Seller Comment (2026-05-15): Comment from (redacted) ((redacted)): Please see attached.
 05/18/2026     No 1 C A C A C A C A D A   CA Primary Refinance - Rate/Term   D B D B C B A A Non QM Non QM No
226275294             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/15/2026 No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   D B D B C B A A Non QM Non QM No
226275294             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-05-15): Waived at buyers request
     05/15/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   D B D B C B A A Non QM Non QM No
226275295             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/15/2026 No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   A A A A A A A A Non QM Non QM No
226275296             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-05-18): Waived at buyers request
     05/18/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   B B B B A A B B Non QM Non QM No
226275296             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/18/2026 No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   B B B B A A B B Non QM Non QM No
226275296             Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender -         Reviewer Comment (2026-05-19): Waived at buyers request


Seller Comment (2026-05-18): Comment from (redacted) ((redacted)): See the attached transfer letter.
     05/19/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   B B B B A A B B Non QM Non QM No
226275298             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/22/2026 No 1 A A A A A A A A A A   CA Primary Purchase   A A A A A A A A Non QM Non QM No
226275299             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/27/2026 No 1 A A A A A A A A A A   FL Second Home Purchase   C A A A C A A A Non QM Non QM No
226275299             Compliance Compliance Federal Compliance TRID Defect TRID Interim Closing Disclosure Timing Regular APR Change TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure issued on (redacted) contains a change in APR and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation.         Reviewer Comment (2026-06-01): (redacted) received LOA to remove document(s) Dxxxx estimated to be provided on xx/xx/xxxx, from testing as not provided to the borrower.


Seller Comment (2026-06-01): Comment from (redacted) ((redacted)): See attached attestation


Reviewer Comment (2026-05-29): CD dated x/x is incomplete (Doc xxx). Per TRID Grid x.x, Additional Considerations Row x, The TPR firm can exclude an LE or CD from consideration if it was not provided to the consumer. Acceptable documentation is a lender attestation that it was not provided to the consumer. (This is only applicable if the document is not acknowledged by the consumer and no other evidence CD was provided or received by the consumer.) Attestation should be in a separate document that can be included in the loan file.


Buyer Comment (2026-05-28): Comment from (redacted) ((redacted)): This is incorrect.  The difference between the APRs is less than .xxx at .xxx. There is no reason for an additional x day waiting period.
 06/01/2026     No 1 C A C A C A C A C A   FL Second Home Purchase No Defined Cure C A A A C A A A Non QM Non QM No
226275300             Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations are incomplete:  E. Will this property be subject to a lien that could take priority over the first mortgage lien, such as a clean energy lien paid through property taxes (e.g., the Property Assessed Clean Energy Program)? reflects neither Yes nor No.  Unable to determine eligibility without this information. -         Reviewer Comment (2026-06-08): provided


Seller Comment (2026-06-04): Comment from (redacted) ((redacted)): See attached.
 06/08/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
226275300             Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations are incomplete:  D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? reflects neither Yes nor No.  Unable to determine qualification without this information. -         Reviewer Comment (2026-06-08): provided


Seller Comment (2026-06-04): Comment from (redacted) ((redacted)): See attached.
 06/08/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
226275300             Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations are incomplete:  D. 2. Have you or will you be applying for any new credit (e.g., installment loan, credit card, etc.) on or before closing this loan that is not disclosed on this application? reflects neither Yes nor No.  Unable to determine qualification without this information. -         Reviewer Comment (2026-06-08): provided


Seller Comment (2026-06-04): Comment from (redacted) ((redacted)): See attached.
 06/08/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
226275300             Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations are incomplete:  F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? reflects neither Yes nor No.  Unable to determine qualification without this information. -         Reviewer Comment (2026-06-08): provided


Seller Comment (2026-06-04): Comment from (redacted) ((redacted)): See attached.
 06/08/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
226275300             Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - ___ Mortgage Statement. If taxes and insurance are not escrowed, then required documents for taxes and insurance. If there is an HOA on the property, then require evidence for the same.       Reviewer Comment (2026-06-02): settlement statement provided verifying taxes and insurance are escrowed


Seller Comment (2026-06-01): Comment from (redacted) ((redacted)): Please see documents attached.
 06/02/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
226275300             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/29/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
226275300             Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Not Provided Timely FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. Creditor did not provide a Notice of Special Flood Hazard Disclosure.       Reviewer Comment (2026-06-02): per client request


Buyer Comment (2026-05-29): Comment from (redacted) ((redacted)): Please waive EVx
     06/02/2026 No 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
226275301             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/29/2026 No 1 A A A A A A A A A A   AZ Primary Purchase   C A C A C A A A Non QM Non QM No
226275301             Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.         Reviewer Comment (2026-06-05): additional asset provided
 06/05/2026     No 1 B A C A B A C A B A   AZ Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM No
226275301             Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines (redacted) Accounts used for Asset Utilization ( (redacted) #xxxx and USAA IRA annuity xx/xx/xxxx) were not present in the file. Only assets available for income qualification were used, which resulted in decreased income and higher DTI.       Reviewer Comment (2026-06-05): additional asset provided


Seller Comment (2026-06-03): Comment from (redacted) ((redacted)): Statements attached, they were not included in the delivery stack. Please let me know if you need anything further to clear these ATR conditions. Thank you!
 06/05/2026     No 1 C A C A C A C A C A   AZ Primary Purchase   C A C A C A A A Non QM Non QM No
226275301             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Calculated investor qualifying total debt ratio of xx.xxxxx% exceeds guideline total debt ratio of xx.xxxxx%.       Reviewer Comment (2026-06-05): additional asset provided
 06/05/2026     No 1 C A C A C A C A C A   AZ Primary Purchase   C A C A C A A A Non QM Non QM No
226275301             Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan does not meet one or more guideline components which could impact the borrower's ability to repay.       Reviewer Comment (2026-06-05): additional asset provided
 06/05/2026     No 1 C A C A C A C A C A   AZ Primary Purchase   C A C A C A A A Non QM Non QM No
226275302             Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations are incomplete:  D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? reflects neither Yes nor No.  Unable to determine qualification without this information. -         Reviewer Comment (2026-06-08): provided


Seller Comment (2026-06-04): Comment from (redacted) ((redacted)): Please see attached.
 06/08/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C B B B B B N/A N/A No
226275302             Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations are incomplete:  D. 2. Have you or will you be applying for any new credit (e.g., installment loan, credit card, etc.) on or before closing this loan that is not disclosed on this application? reflects neither Yes nor No.  Unable to determine qualification without this information. -         Reviewer Comment (2026-06-08): provided


Seller Comment (2026-06-04): Comment from (redacted) ((redacted)): See attached.
 06/08/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C B B B B B N/A N/A No
226275302             Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations are incomplete:  F. Are you a co-signer or guarantor on any debt or loan that is not disclosed on this application? reflects neither Yes nor No.  Unable to determine qualification without this information. -         Reviewer Comment (2026-06-08): provided


Seller Comment (2026-06-04): Comment from (redacted) ((redacted)): See attached.
 06/08/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C B B B B B N/A N/A No
226275302             Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations are incomplete:  E. Will this property be subject to a lien that could take priority over the first mortgage lien, such as a clean energy lien paid through property taxes (e.g., the Property Assessed Clean Energy Program)? reflects neither Yes nor No.  Unable to determine eligibility without this information. -         Reviewer Comment (2026-06-08): provided


Seller Comment (2026-06-04): Comment from (redacted) ((redacted)): See attached.
 06/08/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C B B B B B N/A N/A No
226275302             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/29/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Cash-out - Other   C B C B B B B B N/A N/A No
226275302             Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - Appraisal Transfer Letter is not available in file.       Reviewer Comment (2026-06-02): per client request


Buyer Comment (2026-05-29): Comment from (redacted) ((redacted)): Please waive EVx
     06/02/2026 No 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C B B B B B N/A N/A No
226275302             Credit Hazard Insurance Document Error Hazard Insurance Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements.           Reviewer Comment (2026-06-10): provided


Seller Comment (2026-06-10): Comment from (redacted) ((redacted)): Please see attached


Reviewer Comment (2026-06-02): (redacted) is listed as the mortgagee on the insurance but it does not include the "Its successors and assigns" clause as required.


Buyer Comment (2026-06-01): Comment from (redacted) ((redacted)): The policy lists the mortgagee on the top of the second page
 06/10/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C B B B B B N/A N/A No
226275302             Compliance Compliance Federal Compliance Missing Non-Required Data Disbursement Date Missing Test Disbursement Date Missing: Evidence of disbursement date not found in file. Prepaid Interest From Date from HUD-1 or final closing disclosure of (redacted) used as disbursement date for compliance testing.         Reviewer Comment (2026-06-02): per client request


Buyer Comment (2026-05-29): Comment from (redacted) ((redacted)): Please waive EVx
     06/02/2026 No 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C B B B B B N/A N/A No
226275302             Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Not Provided Timely FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing.       Reviewer Comment (2026-06-02): per client request


Buyer Comment (2026-05-29): Comment from (redacted) ((redacted)): Please waive EVx
     06/02/2026 No 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C B B B B B N/A N/A No
226275302             Credit Loan Package Documentation Closing / Title Loan Package Documentation Note is not on a FNMA/FHLMC form and does not contain the standard Due on Sale clause.           Reviewer Comment (2026-06-02): per client request


Buyer Comment (2026-05-29): Comment from (redacted) ((redacted)): Please waive EVx
     06/02/2026 No 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   C B C B B B B B N/A N/A No
226275304             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/01/2026 No 1 A A A A A A A A A A   IL Primary Purchase   C A C A C A A A Non QM Non QM No
226275304             Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing Vanguard acct #xxxx, the asset utilization account used for qualifying.       Reviewer Comment (2026-06-04): provided


Seller Comment (2026-06-02): Comment from (redacted) ((redacted)): See attached for missing assets.
 06/04/2026     No 1 C A C A C A C A C A   IL Primary Purchase   C A C A C A A A Non QM Non QM No
226275304             Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan does not meet one or more guideline components which could impact the borrower's ability to repay.       Reviewer Comment (2026-06-04): asset statement provided


Buyer Comment (2026-06-02): Comment from (redacted) ((redacted)): Missing assets have been uploaded to clear this
 06/04/2026     No 1 C A C A C A C A C A   IL Primary Purchase   C A C A C A A A Non QM Non QM No
226275304             Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of (redacted) moderately exceeds the guideline maximum of (redacted). (DTI Exception is eligible to be regraded with compensating factors.)         Reviewer Comment (2026-06-04): assets provided


Buyer Comment (2026-06-02): Comment from (redacted) ((redacted)): Missing assets have been uploaded to clear this
 06/04/2026     No 1 C A C A C A C A C A   IL Primary Purchase   C A C A C A A A Non QM Non QM No
226275304             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   Missing Vanguard acct #xxxx, the asset utilization account used for qualifying.       Reviewer Comment (2026-06-04): asset statement provided


Buyer Comment (2026-06-02): Comment from (redacted) ((redacted)): Missing assets have been uploaded to clear this
 06/04/2026     No 1 C A C A C A C A C A   IL Primary Purchase   C A C A C A A A Non QM Non QM No
226275304             Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Missing Vanguard asset statement #xxxx       Reviewer Comment (2026-06-04): assets provided


Buyer Comment (2026-06-02): Comment from (redacted) ((redacted)): Missing assets have been uploaded to clear this
 06/04/2026     No 1 B A C A B A C A B A   IL Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM No
226275304             Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Mortgage-Related Obligations Ability to Repay (Dodd-Frank 2014): Mortgage-related obligations not considered in loan qualification. Missing Vanguard asset statement #xxxx       Reviewer Comment (2026-06-04): assets provided


Buyer Comment (2026-06-02): Comment from (redacted) ((redacted)): Missing assets have been uploaded to clear this
 06/04/2026     No 1 C A C A C A C A C A   IL Primary Purchase   C A C A C A A A Non QM Non QM No
226275304             Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Missing Vanguard asset statement #xxxx       Reviewer Comment (2026-06-04): assets provided
 06/04/2026     No 1 A A A A A A A A A A   IL Primary Purchase   C A C A C A A A Non QM Non QM No
226275305             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/04/2026 No 1 A A A A A A A A A A   FL Primary Purchase   B B A A B B A A Non QM Non QM No
226275305             Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003           Reviewer Comment (2026-06-04): grade x exception waived per client request
     06/04/2026 No 2 B B B B B B B B B B   FL Primary Purchase   B B A A B B A A Non QM Non QM No
226275306             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/04/2026 No 1 A A A A A A A A A A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275306             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-06-04): grade x exception waived per client request
     06/04/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275306             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-06-09): updated balance on acct xxxxx provided


Reviewer Comment (2026-06-09): The asset breakdown is incorrect.  They have $xx,xxx.xx remaining.  $xx,xxx.xx from xxxxx + $xxx.xx from xxxxx + $xxx,xxx gift funds - $xxx,xxx to escrow + $x,xxx.xx back.


Seller Comment (2026-06-08): Comment from (redacted) ((redacted)): Attached is a detailed asset reconciliation showing the source, movement, and remaining balances of verified borrower funds after closing, which support the required reserve requirement.


Reviewer Comment (2026-06-08): Borrower has $xxx,xxx.xx in assets ($xxx.xx (redacted) xxxxx + $xx,xxx.xx (redacted) xxxxx + $xxk EMD + $xxk Gift + $xxk gift + $xk gift) and the borrower needs $xxx,xxx.xx ($xxx.xx appraisal and credit paid prior to closing + $xx,xxx EMD + $xxx,xxx closing funds - $x,xxx.xx refund at closing.)


Buyer Comment (2026-06-04): Comment from (redacted) ((redacted)): Please see breakdown for funds to close + x-months reserves and Funds Verified.

 

Funds to close: $xxx,xxx.xx

x-months reserves: $xx,xxx.xx

Total Funds required: $xxx,xxx.xx

 

Gift Funds deposited into borrower's(redacted)#xxxx:
$xxK Gift (redacted)
Total Funds Verified: $xxx,xxx + $x,xxx.xx (remaining balance in(redacted)#xxxx) + $x,xxx.xx (refund to borrower) + $xxx.xx (remaining balance in(redacted)#xxxx) = $xxx,xxx.xx
 06/09/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275306             Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Waterfall due to insufficient assets.       Reviewer Comment (2026-06-09): updated assets provided
 06/09/2026     No 1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM status C B C B C A A A Non QM Non QM No
226275306             Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan does not meet one or more guideline components which could impact the borrower's ability to repay.       Reviewer Comment (2026-06-09): updated assets provided
 06/09/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275306             Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. General Ability-to-Repay requirements not satisfied.       Reviewer Comment (2026-06-09): updated assets provided
 06/09/2026     No 1 A A A A A A A A A A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275306             Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Assets Ability to Repay (Dodd-Frank 2014): Unable to verify assets using reasonably reliable third-party records. Waterfall due to insufficient assets.       Reviewer Comment (2026-06-09): updated assets provided
 06/09/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275307             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/04/2026 No 1 A A A A A A A A A A   CA Primary Purchase   A A A A A A A A Non QM Non QM No
226275308             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-06-04): grade x exception waived per client request
     06/04/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275308             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/04/2026 No 1 A A A A A A A A A A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275308             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-06-08): PCCD issued x/x shows the borrower receiving a refund of $xx,xxx.xx which covers the reserve requirement


Seller Comment (2026-06-04): Comment from (redacted) ((redacted)): Final CD reflects excess funds available to the borrower at closing, including gift funds totaling $xxx,xxx. Final transaction resulted in cash back to the borrower of $xx,xxx.xx. Please recalculate using final closing figures and verified assets, as the file appears to satisfy the reserve req.
 06/08/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275308             Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant (redacted)         Reviewer Comment (2026-06-09): Updated appraisal provided


Buyer Comment (2026-06-08): Comment from (redacted) ((redacted)): Since PITIA reserve calculation has been cleared, please re-review the remaining HPML/ATR findings, as those appear to have been based on the prior reserve calculation.
 06/09/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275308             Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.         Reviewer Comment (2026-06-09): Exception cleared


Buyer Comment (2026-06-08): Comment from (redacted) ((redacted)): Since PITIA reserve calculation has been cleared, please re-review the remaining HPML/ATR findings, as those appear to have been based on the prior reserve calculation.
 06/09/2026     No 1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM No
226275308             Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan does not meet one or more guideline components which could impact the borrower's ability to repay.       Reviewer Comment (2026-06-09): Exception cleared


Buyer Comment (2026-06-08): Comment from (redacted) ((redacted)): Since PITIA reserve calculation has been cleared, please re-review the remaining HPML/ATR findings, as those appear to have been based on the prior reserve calculation.
 06/09/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275308             Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided   Evidence of condominium master insurance policy is missing.       Reviewer Comment (2026-06-08): provided


Seller Comment (2026-06-04): Comment from (redacted) ((redacted)): Please see attached.
 06/08/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275308             Compliance Compliance Federal Compliance Federal HPML TIL HPML Appraisal Not Obtained Prior to Closing Test TILA HPML Appraisal Rule (Dodd-Frank 2014): Appraisal not obtained prior to consummation. The appraisal has a report date of x/xx/xxxx and the note date is x/xx/xxxx       Reviewer Comment (2026-06-09): Updated appraisal provided


Seller Comment (2026-06-08): Comment from (redacted) ((redacted)): Please see the attached original appraisal report dated x/xx


Reviewer Comment (2026-06-08): The xxxx provided was dated x/xx/xx, please provide a copy of the xxxx with a report date prior to the note date of x/xx/xx


Seller Comment (2026-06-04): Comment from (redacted) ((redacted)): xxxxD was completed and signed on x/xx, prior to loan consummation.
 06/09/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275308             Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-06-09): Documentation provided


Seller Comment (2026-06-08): Comment from (redacted) ((redacted)): Please see attached.


Reviewer Comment (2026-06-08): The xxxx provided was dated x/xx/xx, please provide a copy of the xxxx with a report date prior to the delivery date of x/xx/xx


Seller Comment (2026-06-04): Comment from (redacted) ((redacted)): See attached.
 06/09/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275309             Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - ___         Reviewer Comment (2026-06-11): provided


Seller Comment (2026-06-11): Comment from (redacted) ((redacted)): STATEMENTS WITH HOA LEDGER
 06/11/2026     No 1 C A C A C A C A C A   NJ Primary Purchase   C B C B A A A A Non QM Non QM No
226275309             Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.         Reviewer Comment (2026-06-08): grade x exception waived per client request
     06/08/2026 No 2 B B B B B B B B B B   NJ Primary Purchase   C B C B A A A A Non QM Non QM No
226275309             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/08/2026 No 1 A A A A A A A A A A   NJ Primary Purchase   C B C B A A A A Non QM Non QM No
226275310             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/12/2026 No 1 A A A A A A A A A A   FL Investment Purchase   A A A A A A A A N/A N/A No
226275311             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/12/2026 No 1 A A A A A A A A A A   AZ Primary Purchase   C B A A C B A A Non QM Non QM No
226275311             Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver Test TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Closing Disclosure not provided to Borrower(s) at least three (x) business days prior to closing.       Reviewer Comment (2026-07-10): (redacted) received initial CD


Seller Comment (2026-07-09): Comment from (redacted) ((redacted).): x.x CD
 07/10/2026     No 1 C A C A C A C A C A   AZ Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
226275311             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of(redacted) exceeds tolerance of (redacted).  (redacted) over legal limit.  Insufficient or no cure was provided to the borrower. Fee Amount of $x,xxx.xx exceeds tolerance of $xxx.xx. $xxx.xx over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-07-16): (redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Seller Comment (2026-07-15): Comment from (redacted) ((redacted).): LOE was corrected prior to mailing out- looks like the package will be delivered today Between xx:xx AM - x:xx PM


Reviewer Comment (2026-07-14): (redacted) received Post CD,LOX,Copy of refund check and proof of mailing. However, the LOX incorrectly states the cure was provided for Credit report instead of Appraisal fee and also FedEx tracking indicates label has been created, but package has not been shipped. Proof of mailing and also updated LOX required to cure.


Seller Comment (2026-07-13): Comment from (redacted) ((redacted).): Cure docs


Reviewer Comment (2026-07-13): (redacted) received the corrected PCCD, LOX and Proof of Delivery. However, the copy of the refund check to the borrower was missing from the trailing document image. Additionally, the provided LOX states that a lender credit was issued for the credit report fee, which was improperly disclosed on the CD. A corrected LOX and copy of refund check is required to accurately explain the cure was provided for the appraisal fee exceeds x% tolerance threshold.


Seller Comment (2026-07-10): Comment from (redacted) ((redacted).): Cure docs
   07/16/2026   No 2 C B C B C B C B C B   AZ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
226275311             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided (redacted) Fee Amount of $x,xxx.xx exceeds tolerance of $xxx.xx. $x,xxx.xx over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-07-23): (redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Seller Comment (2026-07-22): Comment from (redacted) ((redacted).): see attached


Reviewer Comment (2026-07-22): (redacted) received copy of the refund check. However, (redacted) also required LOE to borrower and proof of mailing to complete remediation.


Seller Comment (2026-07-20): Comment from (redacted) ((redacted).): cure check


Reviewer Comment (2026-07-20): (redacted) Received Corrected PCCD; however, Copy of check, Proof of Mailing and LOE missing. Provide Copy of check, Proof of Mailing and LOE missing..


Seller Comment (2026-07-17): Comment from (redacted) ((redacted).): cure items


Reviewer Comment (2026-07-17): (redacted): The final cure amount required for the credit report fee is $x,xxx.xx ($x,xxx.xx - $xxx.xx), which exceeds the x% tolerance threshold. Please provide documentation evidencing the refund cure, including the corrected CD, Letter of Explanation (LOX), copy of the refund check, and proof of mailing, for re-evaluation of this exception.


Seller Comment (2026-07-16): Comment from (redacted) ((redacted).): Please provide update on final cure amount based on what borrower can pay for


Reviewer Comment (2026-07-13): (redacted) received COC dated xx/xx/xxxx. However, documentation supporting the need for the rapid rescore and credit supplement, which resulted in the increase to the credit report fee, is still required. Please provide documentation identifying the information received that necessitated the rapid rescore and credit supplement, as well as the date on which such information was received. Otherwise, cure would be due to borrower.


Seller Comment (2026-07-10): Comment from (redacted) ((redacted).): COC - revised


Reviewer Comment (2026-07-10): (redacted) received Changed Circumstance, however date of change is not provided in COC and also it does not give sufficient information on why the credit report fee was increased.  In order to determine if the changed circumstance is valid more information is necessary on reason fee increased and when lender became aware of the change.  A valid COC with date of change or cure is required. Cure documents consist of PCCD, LOE, proof of mailing and copy of refund check.


Seller Comment (2026-07-09): Comment from (redacted) ((redacted).): COC & LE for increase
   07/23/2026   No 2 C B C B C B C B C B   AZ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
226275311             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided (redacted) Fee Amount of $x,xxx.xx exceeds tolerance of $x.xx. $x,xxx.xx over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-07-10): (redacted) received LE


Seller Comment (2026-07-09): Comment from (redacted) ((redacted).): LE-shows processing fee
 07/10/2026     No 1 C A C A C A C A C A   AZ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
226275311             Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated (redacted) was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations.         Reviewer Comment (2026-07-10): (redacted) received LE and disclosure summary


Seller Comment (2026-07-09): Comment from (redacted) ((redacted).): Initial Disclosures
 07/10/2026     No 1 C A C A C A C A C A   AZ Primary Purchase   C B A A C B A A Non QM Non QM No
226275311             Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-07-16): waived per client request
     07/16/2026 No 2   B   B   B   B   B   AZ Primary Purchase   C B A A C B A A Non QM Non QM No
226275311             Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-07-16): waived per client request
     07/16/2026 No 2   B   B   B   B   B   AZ Primary Purchase   C B A A C B A A Non QM Non QM No
226275313             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/17/2026 No 1 A A A A A A A A A A   CA Investment Purchase   B B B B A A A A N/A N/A No
226275313             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-06-17): Waived at buyers request
     06/17/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B A A A A N/A N/A No
226275314             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/18/2026 No 1 A A A A A A A A A A   CA Primary Purchase   B B B B A A A A Non QM Non QM No
226275314             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-06-18): Waived at buyers request
     06/18/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
226275315             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/23/2026 No 1 A A A A A A A A A A   CA Primary Purchase   B B B B A A A A Non QM Non QM No
226275315             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-06-23): Waived at buyers request
     06/23/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
226275316             Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. -         Reviewer Comment (2026-06-25): Document received


Seller Comment (2026-06-24): Comment from (redacted) ((redacted)): Please see attached.
 06/25/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B A A A A Non QM Non QM No
226275316             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/24/2026 No 1 A A A A A A A A A A   CA Primary Purchase   C B C B A A A A Non QM Non QM No
226275316             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-06-24): Waived at buyers request
     06/24/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B A A A A Non QM Non QM No
226275317             Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided           Reviewer Comment (2026-06-29): xxxx provided


Seller Comment (2026-06-26): Comment from (redacted) ((redacted)): See attached xxxx
 06/29/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C B C A B B A A Non QM N/A No
226275317             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/25/2026 No 1 A A A A A A A A A A   FL Investment Purchase   C B C A B B A A Non QM N/A No
226275317             Compliance Compliance Federal Compliance Missing Application Date Missing Initial Loan Application Testing No evidence of application date located in file.  Compliance tests were run using an application date of 05/22/2026 which is 1 months prior to consummation.  A lookback was performed to determine this application date using the following dates:(redacted).  Lookback testing performed up to one of the following: TRID start date, TIL/MDIA 2011 start date, RESPA 2010 start date,  TIL/MDIA 2009 start date, LOS Application Date, Broker Application Date, or six months prior to consummation.         Reviewer Comment (2026-06-29): initial xxxx provided


Seller Comment (2026-06-26): Comment from (redacted) ((redacted)): See attached initial xxxx
 06/29/2026     No 1 B A B A B A B A B A   FL Investment Purchase   C B C A B B A A Non QM N/A No
226275317             Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer.         Reviewer Comment (2026-08-04): Waived at buyers request


Buyer Comment (2026-08-03): Comment from (redacted) ((redacted)): Please waive EVx
     08/04/2026 No 2   B   B   B   B   B   FL Investment Purchase   C B C A B B A A Non QM N/A No
226275318             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/26/2026 No 1 A A A A A A A A A A   CA Primary Purchase   B B B B A A A A Non QM Non QM No
226275318             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-06-26): Waived at buyers request
     06/26/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
226275319             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/30/2026 No 1 A A A A A A A A A A   MO Primary Purchase   C B C B B B A A Non QM Non QM No
226275319             Credit Loan Eligibility Guideline Issue Loan Eligibility Housing history reflects lates that do not meet guidelines. - Housing history reflects a total of ___ reported late payments. CBR shows a late mortgage payment x/xxxx. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.		 DTI is over (redacted)below max DTI. SitusAMC

SitusAMC,Originator,Aggregator		 Reviewer Comment (2026-07-10): Client elects to waive.


Buyer Comment (2026-07-10): Comment from (redacted) (redacted) ((redacted)): Product restored to Diamond. Please waive DTI, FICO


Reviewer Comment (2026-07-02): buyer to review for approval for program change


Buyer Comment (2026-07-01): Comment from (redacted) ((redacted)): The rate lock has been corrected to Onyx Prime, which allows a x × xx × xx housing history.
     07/10/2026 No 2 C B C B C B C B C B   MO Primary Purchase   C B C B B B A A Non QM Non QM No
226275319             Compliance Compliance Federal Compliance Federal HPML TIL Higher Priced Mortgage Loan Safe Harbor Test TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied.         Reviewer Comment (2026-07-10): Waive per Cient.
     07/10/2026 No 2 B B B B B B B B B B   MO Primary Purchase   C B C B B B A A Non QM Non QM No
226275320             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/06/2026 No 1 A A A A A A A A A A   CA Primary Purchase   B B B B A A A A Non QM Non QM No
226275320             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-07-06): waived at buyers request
     07/06/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
226275321             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-07-09): grade x exception waived per client request
     07/09/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
226275321             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/09/2026 No 1 A A A A A A A A A A   CA Primary Purchase   B B B B A A A A Non QM Non QM No
226275322             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.                 07/10/2026 No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   B A B A A A A A N/A N/A No
226275322             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2026-07-13): Final provided


Seller Comment (2026-07-10): Comment from (redacted) ((redacted)): Please see the attached FTP.
 07/13/2026     No 1 B A B A B A B A B A   CA Investment Refinance - Rate/Term   B A B A A A A A N/A N/A No
226275323             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/24/2026 No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   B B B B A A A A N/A N/A No
226275323             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-07-24): Waived at buyers request
     07/24/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   B B B B A A A A N/A N/A No
226275325             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/29/2026 No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   A A A A A A A A Non QM Non QM No
226275326             Credit Credit Miscellaneous Guideline Credit Exception:   Amazon Job: Current calendar-year income must support the previous year's xxxx income. Income is not supported. Borrower has verified disposable income of at least $xxxx.xx.

Borrower has worked in the same position for more than x years.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2026-02-20): Client elects to waive with verified compensation factors


Buyer Comment (2026-02-19): Please review and clear


Reviewer Comment (2025-12-30): Current calendar-year income must support the previous year's xxxx income. Income is not supported.


Buyer Comment (2025-12-26): see attached


Reviewer Comment (2025-12-16): An income worksheet was just provided for Uber and does not address the condition. The YTD documents for Amazon do not support the previous year'sxxxx income.


Buyer Comment (2025-12-16): see attached
     02/20/2026 No 2 C B C B C B C B C B   MD Primary Purchase   C B C B B B A A Non QM Non QM No
226275326             Compliance Compliance State Compliance Misc. State Level Maryland Counseling Agencies Disclosure Not in File Maryland HB1399 - No evidence of required counseling disclosure language per Maryland HB 1399.         Buyer Comment (2025-12-26): Evx (redacted) elects to waive
     12/26/2025 No 2 B B B B B B B B B B   MD Primary Purchase   C B C B B B A A Non QM Non QM No
226275327             Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Provide the final signed CD for the sale of property on (Redacted) Un-signed Seller CD in file only.       Reviewer Comment (2026-02-10): Received and associated signed Final Closing Statement. Exception cleared.


Buyer Comment (2026-02-06): Uploaded
 02/10/2026     No 1 C A C A C A C A C A   NJ Primary Purchase   C A C A A A A A Non QM Non QM No
226275327             Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided   The HOI provided expired xx/xx/xxxx. Provide the updated policy.       Reviewer Comment (2026-02-06): Updated policy provided


Buyer Comment (2026-02-05): Full xx month HOI policy
 02/06/2026     No 1   A   A   A   A   A   NJ Primary Purchase   C A C A A A A A Non QM Non QM No
226275328             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Total Of Payments (redacted) The disclosed Total of Payments in the amount of $x,xxx,xxx.xx is under disclosed by $xx.xx compared to the calculated total of payments of $x,xxx,xxx.xx. Title - Recording Service Fee not included.       Reviewer Comment (2026-02-06): (redacted) received Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission.


Buyer Comment (2026-02-05): see attached


Reviewer Comment (2026-02-03): (redacted) received PCCD, LOE, Copy of Refund check and RTC.  Cure package not yet delivered. New follow-up date set.


Buyer Comment (2026-02-02): see attached


Buyer Comment (2026-02-02): see attached - will upload RTC docs


Reviewer Comment (2026-02-02): Cure requirements would be Corrected CD, LOE to borrower, copy of cure refund $xx, proof of mailing and proof of reopening of rescission.  Please note there is only x business days remaining to cure within the xx day discovery window.


Buyer Comment (2026-01-30): Please confirm cure amount
   02/06/2026   No 2 C B C B C B C B C B   AZ Primary Refinance - Cash-out - Other TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission i(required on rescindable transactions) C B A A C B A A Non QM Non QM No
226275329             Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ The Texas Secretary of State Search shows the business is Inactive and the CPA LOE estimates reinstatement will take xx to xx days. Borrower has verified disposable income of at least $xxxx.xx.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least xx points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2026-02-06): Client elects to waive with verified compensation factors


Buyer Comment (2026-02-06): Residual income is $xx,xxx.xx
FICO is xxx


Buyer Comment (2026-02-06): Exception form


Reviewer Comment (2026-02-06): The same document was provided that was provided on x/xx. The attached is dated post-close. The business was not active at time of closing. Client can elect to waive with verified compensation factors.


Buyer Comment (2026-02-05): secretary of state shows active now


Reviewer Comment (2026-01-22): The attached is dated post-close. The business was not active at time of closing. Client can elect to waive with verified compensation factors.


Buyer Comment (2026-01-22): See attached
     02/06/2026 No 2 C B C B C B C B C B   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275329             Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. The Texas Secretary of State Search shows the business is Inactive and the CPA LOE estimates reinstatement will take xx to xx days.       Reviewer Comment (2026-02-06): Loan designation updated to Non-QM. Condition no longer applies.


Buyer Comment (2026-02-06): BIZ


Reviewer Comment (2026-02-06): The same document was provided that was provided on x/xx. The attached is dated post-close. The business was not active at time of closing. Client can elect to waive with verified compensation factors.


Reviewer Comment (2026-01-22): The attached is dated post-close. The business was not active at time of closing.
 02/06/2026     No 1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM No
226275329             Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. The Texas Secretary of State Search shows the business is Inactive and the CPA LOE estimates reinstatement will take xx to xx days.       Reviewer Comment (2026-02-06): Loan designation updated to Non-QM. Condition no longer applies.


Buyer Comment (2026-02-06): Business is active , see State document verifying it is open.


Reviewer Comment (2026-02-06): The same document was provided that was provided on x/xx. The attached is dated post-close. The business was not active at time of closing. Client can elect to waive with verified compensation factors.


Reviewer Comment (2026-01-22): The attached is dated post-close. The business was not active at time of closing.
 02/06/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
226275330             Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of (redacted) exceeds tolerance of (redacted).  Sufficient or excess cure was provided to the borrower at Closing. Credit Report Fee was last disclosed as $xxx.xx on LE but disclosed as $xxx.xx on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.       Reviewer Comment (2025-12-11): Sufficient Cure Provided At Closing
   12/11/2025   No 1 A A A A A A A A A A   WA Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM No
226275330             Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. VVOE for (redacted) is dated post close without any verbal or WVOE dated at or prior to closing. Completed within x calendar days of closing.       Reviewer Comment (2026-02-10): Loan is NonQM


Buyer Comment (2026-02-09): This should clear the ATR issue. Pay stubs were used to verify the employment status within xx days of consummation.


Reviewer Comment (2026-02-06): The closing date is not the funding date. They are two different things. ATR requires documentation at or prior to closing.


Buyer Comment (2026-02-06): The VVOE is dated on the day this loan funded.  We consider closing the day it funds and not the day it signs.  We are ok with it being dated after the day the docs are signed as long as it's before or the day of funding.  thanks


Buyer Comment (2026-02-06): Verbal VOE done at closing


Reviewer Comment (2026-01-22): The document provided was already in file at time of review. A VVOE is required to be dated within x calendar days of closing. Employer letter is > x days old and VVOE in file is dated post close.


Buyer Comment (2026-01-21): See uploaded for new job started xx/xx/xxxx
 02/10/2026     No 1 B A C A B A C A B A   WA Primary Purchase Lender to provide updated ATR/QM status C B A A C B A A Non QM Non QM No
226275330             Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - W-2 Ability to Repay (Dodd-Frank 2014): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. VVOE for (redacted) is dated post close without any verbal or WVOE dated at or prior to closing. Completed within x calendar days of closing.       Reviewer Comment (2026-02-10): Client elects to waive


Reviewer Comment (2026-02-10): Regraded to EVx-B based on lender exception allowing for use of paystubs in lieu of VOE.


Buyer Comment (2026-02-09): This should clear the ATR issue. Pay stubs were used to verify the employment status within xx days of consummation.


Reviewer Comment (2026-01-22): The document provided was already in file at time of review. A VVOE is required to be dated within x calendar days of closing. Employer letter is > x days old and VVOE in file is dated post close.
     02/10/2026 No 2 C B C B C B C B C B   WA Primary Purchase   C B A A C B A A Non QM Non QM No
226275331             Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of 9.21533% or Final Disclosure APR of 9.22600% is equal to or greater than the threshold of APOR 6.10% + 1.5%, or 7.60000%.  Non-Compliant Higher Priced Mortgage Loan. Creditor did not provide a copy of each valuation to applicant three (x) business days prior to consummation.       Reviewer Comment (2026-05-01): Dxxx show Delivered x/xx/xx


Buyer Comment (2026-04-29): see attached delivery cert
 05/01/2026     No 1 C A C A C A C A C A   TX Primary Purchase   D B D B C B A A Non QM Non QM No
226275331             Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (x) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (x) business days prior to consummation.       Reviewer Comment (2026-05-01): Dxxx show Delivered x/xx/xx


Reviewer Comment (2026-04-30): We received proof of delivery for the appraisal dated xx/xx/xxxx. Please provide the Appraiser Notice or updated proof of delivery reflecting a date on or after xx/xx/xxxx. Exception remains.


Buyer Comment (2026-04-29): see attached delivery cert
 05/01/2026     No 1 C A C A C A C A C A   TX Primary Purchase   D B D B C B A A Non QM Non QM No
226275331             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrow Costs Year 1 Underdisclosed - October 2018 TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year 1 of 0.00 on Final Closing Disclosure provided on (redacted) are underdisclosed.         Reviewer Comment (2026-05-08): (redacted) received PCCD and LOE.


Buyer Comment (2026-05-07): HOA Coupon for amount.


Reviewer Comment (2026-05-04): (redacted) received Post CD and LOX with Non escrow property cost amount as $xx.Whereas, the appraisal indicates HOA dues of $xx/mo or $xxx. The acceptable amounts are xx,xx, or xx months. The allowable tolerance for the escrow account fields is $x for underdisclosure and no penalty for overdisclosure however the amount cannot exceed xx months of calculated costs or less than x months. Please provide verification if using an updated amount.  Letter of Explanation and Corrected CD required to cure.


Buyer Comment (2026-05-04): Cd-LOE and shipping


Reviewer Comment (2026-04-30): The appraisal indicates HOA dues of $xx/mo or $xxx. The acceptable amounts are xx,xx, or xx months. The allowable tolerance for the escrow account fields is $x for underdisclosure and no penalty for overdisclosure however the amount cannot exceed xx months of calculated costs or less than x months. Please provide verification if using an updated amount.  Letter of Explanation and Corrected CD required to cure.


Buyer Comment (2026-04-29): HOA dues not escrowed
   05/08/2026   No 2 C B C B C B C B C B   TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM No
226275331             Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver Test TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Evidence of earlier receipt not provided       Reviewer Comment (2026-05-04): (redacted) received initial CD.


Buyer Comment (2026-05-04): x/xx-CD


Buyer Comment (2026-05-04): Cd from x/xx
 05/04/2026     No 1 C A C A C A C A C A   TX Primary Purchase No Defined Cure D B D B C B A A Non QM Non QM No
226275331             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided (redacted) Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $xx,xxx.xx exceeds tolerance of $xx,xxx.xx. $xxx.xx over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-05-08): (redacted) received interim CD and VCC


Buyer Comment (2026-05-07): CD and COC showing points at xxxxx.xx


Reviewer Comment (2026-05-04): (redacted) received CD. However, we would require a valid COC for the fee increased on CD dated x/xx/xxxx for $xxxxx.xx or cure due to borrower. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing.


Buyer Comment (2026-05-04): LOCK LE has x pts charged
 05/08/2026     No 1 C A C A C A C A C A   TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C B A A Non QM Non QM No
226275331             Credit Income / Employment Income Documentation Income / Employment The verification of employment does not meet the guideline requirements. - Ask Staffing Inc: VVOE not provided within x calendar days prior to closing not provided Borrower has been employed in the same industry for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has worked in the same position for more than x years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		 (redacted) Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2026-06-11): Client elects to waive with comp factors.


Buyer Comment (2026-05-07): see attached
     05/08/2026 No 2 C B C B C B C B C B   TX Primary Purchase   D B D B C B A A Non QM Non QM No
226275331             Credit Income / Employment Income Documentation Income / Employment The verification of employment does not meet the guideline requirements. - James River Management Company Inc: VVOE not provided within x calendar days prior to closing not provided. Borrower has been employed in the same industry for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has worked in the same position for more than x years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		 (redacted) Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2026-06-11): Client elects to waive with comp factors.


Buyer Comment (2026-05-07): see attached
     05/08/2026 No 2 C B C B C B C B C B   TX Primary Purchase   D B D B C B A A Non QM Non QM No
226275331             Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   A gap credit report is required within xx days of closing.       Reviewer Comment (2026-04-30): Received and associated Gap Credit report. Exception Cleared


Buyer Comment (2026-04-29): see attached LQI report
 04/30/2026     No 1 C A C A C A C A D A   TX Primary Purchase   D B D B C B A A Non QM Non QM No
226275331             Compliance Compliance Miscellaneous Compliance Missing Non-Required Data Paid To party cannot be determined on the Closing Disclosure. For compliance testing purposes, Paid To of Lender will be considered in lieu of UTD. - ___ Payee reflects TBD. Provide the PC-CD and LOE to cure.       Reviewer Comment (2026-05-08): Received PCCD and LOE.


Buyer Comment (2026-05-04): CD LOE and shipping
   05/08/2026   No 2 B B B B B B B B B B   TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure D B D B C B A A Non QM Non QM No
226275331             Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Departing Residence: Provide the first month's rent as required per guidelines. Lease Agreement and Security Deposit only provided. It should be noted and amendment to the lease was provided noting xst month rent will be due in April when tenant moves in, however the guidelines require xst months rent to be provided to utilize rental income to qualify. Borrower has been employed in the same industry for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has worked in the same position for more than x years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		 (redacted) Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC

Aggregator,SitusAMC		 Reviewer Comment (2026-05-08): Lender Exception with Compensating Factors provided.


Buyer Comment (2026-05-08): see attached exception
     05/08/2026 No 2 C B C B C B C B C B   TX Primary Purchase   D B D B C B A A Non QM Non QM No
226275331             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Home Warranty Fee.  Fee Amount of(redacted) exceeds tolerance of (redacted).  (redacted) over legal limit.  Insufficient or no cure was provided to the borrower. Payee reflects TBD       Reviewer Comment (2026-05-08): (redacted) received FSS showing payee.


Buyer Comment (2026-05-08): see attached


Reviewer Comment (2026-05-08): Please provide Final, stamped signed ALTA closing statement for review.


Buyer Comment (2026-05-07): fee's labeled correctly in sec H. unlimited section/no cures
 05/08/2026     No 1 C A C A C A C A C A   TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD D B D B C B A A Non QM Non QM No
226275331             Compliance Compliance Federal Compliance TRID Defect TRID Interim Closing Disclosure Timing Regular APR Change TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure issued on (redacted) contains a change in APR and a complete Closing Disclosure was not received by borrower at least three (x) business days prior to consummation.         Reviewer Comment (2026-05-08): (redacted) received interim CD and VCC.


Buyer Comment (2026-05-07): see comment above


Buyer Comment (2026-05-07): Please review x/xx CD and final CD APR only changed by x.xx and lower on final CD.
 05/08/2026     No 1   A   A   A   A   A   TX Primary Purchase No Defined Cure D B D B C B A A Non QM Non QM No
226275332             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow -  Reason TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on (redacted) incorrectly disclosed whether the loan will have an escrow account. Final Closing Disclosure provided on xx/xx/xxxx did not reflect escrow declined reason.       Reviewer Comment (2026-06-03): (redacted) received Letter of Explanation & Corrected CD


Reviewer Comment (2026-06-02): Exception was escalated. Response:  Regarding the TRID exceptions related to escrows & property costs, exceptions were commented back on needing an LOE to borrower that explained the corrections completed on the PCCD. The LOE provided speaks to a cure refund and not to these issues. The LOE to borrower regarding those corrections to the PCCD should be provided. It should be noted that cure period has also now passed.
Comments on the exceptions stated: "(redacted) received corrected PCCD with escrow account information changed on page x. However, the provided LOX doesn't specify the correction made on Post CD. Please provide Letter of explanation stating the correction made on Post CD."
Regarding the flood insurance escrow on page x, it appears no initial escrow payment was required or collected as per the IEAD and there is no additional exception relating to this. All related exceptions were corrected on the PCCD, but the LOE explaining those corrections was not provided.


Reviewer Comment (2026-06-01): (redacted) received corrected PCCD with escrow account information changed on page x. However, the provided LOX doesn't specify the correction made on Post CD. Please provide Letter of explanation stating the correction made on Post CD.


Buyer Comment (2026-05-29): ck attached


Buyer Comment (2026-05-29): pls see attached- cure deadline today pls review ASAP


Reviewer Comment (2026-05-11): (redacted) received CD dated x/x/xxxx. However, the correction should be made on Post CD along with LOX in order to clear the exception.


Buyer Comment (2026-05-07): impound  on CD


Buyer Comment (2026-05-07): Impound documents signed by borrower.
   06/03/2026   No 2 C B C B C B C B C B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
226275332             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   The file is missing the fully executed Final Closing Statement for the borrower's departure residence,  to verify the total net equity received and that all liens are paid and closed. Please provide for review.       Reviewer Comment (2026-05-12): Received and associated Purchase Contract. Exception cleared.


Buyer Comment (2026-05-11): see attached


Reviewer Comment (2026-03-31): The Settlement statement provided is dated a month post-close and cannot be utilized for assets. Provide the estimated settlement statement or purchase contract for departure residence dated prior to closing with intent to sale in order to utilize funds.


Buyer Comment (2026-03-30): Please see the attached CD
 05/12/2026     No 1 C A C A C A C A C A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
226275332             Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Originator Loan Designation due to insufficient documentation to consider the net proceeds of sale considered in the final xxxx assets. The file is short  of funds to close/reserves.       Reviewer Comment (2026-05-12): Received and associated Purchase Contract. Exception cleared.


Buyer Comment (2026-05-11): see attached hud from sale of home


Reviewer Comment (2026-03-31): The Settlement statement provided is dated a month post-close and cannot be utilized for assets. Provide the estimated settlement statement or purchase contract for departure residence dated prior to closing with intent to sale in order to utilize funds.


Buyer Comment (2026-03-30): Please see the attached ALTA Settlement Statement for this condition and Exception # xxxxxxxx
 05/12/2026     No 1 B A C A B A C A B A   FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM No
226275332             Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. ATR risk due to insufficient documentation to consider the net proceeds of sale considered in the final xxxx assets. The file is short  of funds to close/reserves.       Reviewer Comment (2026-05-12): Received and associated Purchase Contract. Exception cleared.


Buyer Comment (2026-05-07): See the attached purchase contract


Reviewer Comment (2026-03-31): The Settlement statement provided is dated a month post-close and cannot be utilized for assets. Provide the estimated settlement statement or purchase contract for departure residence dated prior to closing with intent to sale in order to utilize funds.


Buyer Comment (2026-03-30): The ALTA Settlement Statement uploaded for Exception # xxxxxxxx applies to this exception.
 05/12/2026     No 1 C A C A C A C A C A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
226275332             Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - PUD not provided   Both appraisals reflect PUD with HOA dues, however the DOT does not contain a PUD rider. Provide the corrected and executed DOT to include the PUD rider, executed PUD rider, LOE to borrower, evidence of delivery to borrower and lender's letter of intent to re-record.       Reviewer Comment (2026-05-11): Received and associated PUD Rider and Updated Deed of Trust. Exception Cleared.


Buyer Comment (2026-05-07): pud documents
 05/11/2026     No 1 C A C A C A C A C A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
226275332             Credit Guideline Guideline Issue Guideline Flood Insurance was not escrowed.   Per guidelines, under no circumstances can flood insurance impounds (when required due to the property being in a flood zone) be waived.       Reviewer Comment (2026-06-08): Received PCCD, letter of explanation, etc. Condition cleared.


Reviewer Comment (2026-06-02): Exception was escalated. Response:  Regarding the TRID exceptions related to escrows & property costs, exceptions were commented back on needing an LOE to borrower that explained the corrections completed on the PCCD. The LOE provided speaks to a cure refund and not to these issues. The LOE to borrower regarding those corrections to the PCCD should be provided. It should be noted that cure period has also now passed.
Comments on the exceptions stated: "(redacted) received corrected PCCD with escrow account information changed on page x. However, the provided LOX doesn't specify the correction made on Post CD. Please provide Letter of explanation stating the correction made on Post CD."
Regarding the flood insurance escrow on page x, it appears no initial escrow payment was required or collected as per the IEAD and there is no additional exception relating to this. All related exceptions were corrected on the PCCD, but the LOE explaining those corrections was not provided.


Buyer Comment (2026-05-28): See the attached flood authorization


Buyer Comment (2026-05-07): flood impound
 06/08/2026     No 1 C A C A C A C A C A   FL Primary Purchase   C B C A C B A A Non QM Non QM No
226275332             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided (redacted) Additional information is required due to the COC states the fee increased due to the complexity of the property.       Reviewer Comment (2026-06-01): (redacted) received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception.


Buyer Comment (2026-05-29): ck attached


Buyer Comment (2026-05-29): Check to follow


Buyer Comment (2026-05-29): see attached cure docs- cure deadline today pls rev ASAP


Reviewer Comment (2026-05-11): (redacted) received COC stating "due to complexities with the property".However, we would require additional information as to what caused the property to be complex. Kindly provide additional information in order to clear the exception or cure due to borrower. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing.


Buyer Comment (2026-05-07): LE and COC disclosing changes.
   06/01/2026   No 2 C B C B C B C B C B   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
226275332             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of (redacted) exceeds tolerance of (redacted).  (redacted) over legal limit.  Insufficient or no cure was provided to the borrower. Valid COC not provided for fee increase.       Reviewer Comment (2026-05-11): Cured at closing or within xx days of consummation prior to TPR review


Buyer Comment (2026-05-07): Cure on final CD already
   05/11/2026   No 1 C B C B C B C B C B   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM No
226275332             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Escrowed Property Costs Year 1 Underdisclosed - October 2018 TILA-RESPA Integrated Disclosure - Loan Disclosures: Escrowed Property Costs over Year X of  on Final Closing Disclosure provided on (redacted) are underdisclosed.         Reviewer Comment (2026-06-03): (redacted) received Letter of Explanation & Corrected CD


Reviewer Comment (2026-06-02): (redacted) received corrected PCCD with escrow account information changed on page x. However, the provided LOX doesn't specify the correction made on Post CD. Please provide Letter of explanation stating the correction made on Post CD.
   06/03/2026   No 2   B   B   B   B   B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
226275332             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrow Costs Year 1 Underdisclosed - October 2018 TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year x of  on Final Closing Disclosure provided on (redacted) are underdisclosed.         Reviewer Comment (2026-06-03): (redacted) received Letter of Explanation & Corrected CD


Reviewer Comment (2026-06-02): (redacted) received corrected PCCD with escrow account information changed on page x. However, the provided LOX doesn't specify the correction made on Post CD. Please provide Letter of explanation stating the correction made on Post CD.


Reviewer Comment (2026-06-02): (redacted) received Letter of explanation and Corrected Closing disclosure. Non-escrowed property costs reflected on PCCD of $xx,xxx.xx. Loan file indicates Costs of $xx,xxx.xx. The itemized costs ($x,xxx HOA/$xx,xxx.xx Tax/ $xx,xxx.xx HOI) total $x,xxx.xx/ month.  Please provide corrected PCCD along with LOE to cure or verification of updated amounts.
   06/03/2026   No 2   B   B   B   B   B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
226275332             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Have Escrow Account TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on 03/09/2026 incorrectly disclosed whether the loan will have an escrow account. SitusAMC received Letter of explanation and Corrected Closing disclosure.       Reviewer Comment (2026-06-03): (redacted) received Letter of Explanation & Corrected CD


Reviewer Comment (2026-06-02): (redacted) received corrected PCCD with escrow account information changed on page x. However, the provided LOX doesn't specify the correction made on Post CD. Please provide Letter of explanation stating the correction made on Post CD.
   06/03/2026   No 2   B   B   B   B   B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
226275332             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow Account TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on (redacted) incorrectly disclosed whether the loan will have an escrow account. SitusAMC received Letter of explanation and Corrected Closing disclosure.       Reviewer Comment (2026-06-03): (redacted) received Letter of Explanation & Corrected CD


Reviewer Comment (2026-06-02): (redacted) received corrected PCCD with escrow account information changed on page x. However, the provided LOX doesn't specify the correction made on Post CD. Please provide Letter of explanation stating the correction made on Post CD.
   06/03/2026   No 2   B   B   B   B   B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM No
226275332             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Estimated Escrow Payment Under Disclosed Test TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on 03/09/2026 disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. SitusAMC received Corrected CD, LOE, cure refund & proof of mailing.  Final CD corrected with PCCD from non-escrow costs to Escrow costs on flood insurance.  Missing LOE to borrower explaining the correction relating to the escrowed property costs to finalize cure.       Reviewer Comment (2026-06-03): (redacted) received Letter of Explanation & Corrected CD
   06/03/2026   No 2   B   B   B   B   B   FL Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD C B C A C B A A Non QM Non QM No
226275332             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Have Escrow -  Monthly Escrow Payment Overdisclosed Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on 03/09/2026 did not disclose the Monthly Escrow Payment. SitusAMC received Corrected CD, LOE, cure refund & proof of mailing.  Final CD corrected with PCCD from non-escrow costs to Escrow costs on flood insurance.  Missing LOE to borrower explaining the correction relating to the escrowed property costs to finalize cure.       Reviewer Comment (2026-06-03): (redacted) received Letter of Explanation & Corrected CD
   06/03/2026   No 1   A   A   A   A   A   FL Primary Purchase Provide the following: Letter of Explanation notifying borrower or error and Corrected CD C B C A C B A A Non QM Non QM No
226275333             Credit Title General Title Title Policy Coverage is less than Original Loan Amount.           Reviewer Comment (2026-04-20): Corrected title provided.


Buyer Comment (2026-04-14): Please see the attached Title Commitment with the correct loan amount listed
 04/20/2026     No 1 B A B A B A B A B A   NJ Primary Refinance - Cash-out - Other   B A B A A A A A Non QM Non QM No
226275334             Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   A gap credit report is required within xx days of closing. Gap in file > xx days from closing.       Reviewer Comment (2026-04-09): Gap report provided


Buyer Comment (2026-04-07): see attached
 04/09/2026     No 1 C A C A C A C A D A   AZ Primary Refinance - Rate/Term   D A D A A A A A Non QM Non QM No
226275334             Credit Guideline Guideline Issue Guideline Refi Purpose reflects Rate/Term and cash out greater than the lesser of 2% of the loan amount or $2000. Cash to Borrower:  ___; Total Cash Out:    ___;  Refi Purpose:  ___         Reviewer Comment (2026-05-22): Rate/term cash to borrower cannot exceed x% of the loan amount. Loan meets lender guides.
 05/22/2026     No 1   A   A   A   A   A   AZ Primary Refinance - Rate/Term   D A D A A A A A Non QM Non QM No
226275335             Credit Missing Document General Missing Document Missing Document: HUD/CD (Asset) not provided   The final closing disclosure for the sale of the deparing property property is not located in the file.       Reviewer Comment (2026-04-21): Received Closing Disclosure for departing property, Exception Cleared


Buyer Comment (2026-04-20): Please see the attached HUD for the sale of the previous home.
 04/21/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
226275337             Credit Credit Miscellaneous Guideline Credit Exception:   The initial xxxx indicates borrower owns additional properties which were not included in the borrower's total debt. Please provide clarification. In addition, all property expenses for all properties owned may be required.       Reviewer Comment (2026-04-28): Received verification mortgages on these properties are not in the borrower's name or on credit. Condition cleared.


Reviewer Comment (2026-04-27): Provided Mortgage statements for "xxxx West xxst Place, xxxx West xxst Place and xxxx (Redacted)" reflects that properties do not belong to the borrower. Require updated xxxx and Letter of Explanation for the properties. Exception remains


Buyer Comment (2026-04-24): third property


Buyer Comment (2026-04-24): second property


Buyer Comment (2026-04-24): Two other documents will follow:
xxxx per underwriters note: NOT IN BORROWER NAME OR ON CREDIT
xxxx per underwriters note: NOT IN BORROWERS NAME, NOT ON CREDIT
xxxx per underwriters note:  IN LLC- NOT ON BORROWERS CREDIT
 04/28/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A A A A A Non QM N/A No
226275340             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of (redacted)exceeds tolerance of(redacted).  (redacted) over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $xxx.xx exceeds tolerance of $xxx.xx. $xx.xx over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-05-13): (redacted) received a valid COC.


Buyer Comment (2026-05-12): It included the reg service fee + xxxxD. please advise


Reviewer Comment (2026-05-08): (redacted) received Changed Circumstance dated xx/xx/xxxx, but it does not give sufficient information on why the fee was increased.  In order to determine if the changed circumstance is valid more information is necessary on reason fee increased and when lender became aware of the change.  A valid COC or cure is required. Cure documents consist of PCCD, LOE, proof of mailing and copy of refund check.


Buyer Comment (2026-05-07): see attached COC
 05/13/2026     No 1 C A C A C A C A C A   IL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM No
226275341             Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.)         Reviewer Comment (2026-05-15): Verbal verification of employment received.


Buyer Comment (2026-05-13): Please see the attached


Reviewer Comment (2026-05-13): Please provide the lender exception approval document that includes the compensating factors to review for downgrade/waive of the exception.


Buyer Comment (2026-05-11): Can you please regrade this condition so I can provide comp factors? Thank you : )
 05/15/2026     No 1 C A C A C A C A C A   NJ Second Home Purchase   C A C A C A A A Non QM Non QM No
226275341             Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Loan designation does not match due to missing verification of employment.       Reviewer Comment (2026-05-15): Non QM


Buyer Comment (2026-05-15): See the attached VOE


Buyer Comment (2026-05-15): Please see the attached Master Deed


Reviewer Comment (2026-05-15): Require HOA for subject property- xxxx-xx Central Avenue, provided LOE is for REO property.


Buyer Comment (2026-05-14): See the attached VOE


Reviewer Comment (2026-05-13): Received a Business Entity Listing instead of VVOE, VVOE from (redacted) is required for Borrower. Exception Remains.


Buyer Comment (2026-05-11): Please see the attached
 05/15/2026     No 1 B A C A B A C A B A   NJ Second Home Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM No
226275341             Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - W-2 Ability to Repay (Dodd-Frank 2014): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. Verification of employment is missing from file.       Reviewer Comment (2026-05-15): Verbal verification of employment received.


Reviewer Comment (2026-05-13): Received a Business Entity Listing instead of VVOE, VVOE from (redacted) is required for Borrower. Exception Remains.


Buyer Comment (2026-05-11): Please see the VOE that was uploaded to # xxxxxxxx
 05/15/2026     No 1 C A C A C A C A C A   NJ Second Home Purchase   C A C A C A A A Non QM Non QM No
226275341             Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Mortgage-Related Obligations Ability to Repay (Dodd-Frank 2014): Mortgage-related obligations not considered in loan qualification. Property is a two-unit condo without a HOA.       Reviewer Comment (2026-05-15): No HOA dues paid on x unit condomimium.


Buyer Comment (2026-05-15): Please see the Master Deed for xxxx-xx Central Ave


Buyer Comment (2026-05-15): Please advise if the Master Deed for xxxx-xx Central Ave., A Condominium is acceptable and do you need anything else on other properties for this loan?


Reviewer Comment (2026-05-15): Require HOA for subject property- xxxx-xx Central Avenue, provided LOE is for REO property.


Buyer Comment (2026-05-13): Please see the attached. The property on xx Cricket Lane is not in an HOA.


Reviewer Comment (2026-05-13): Exception remains. This Exception is referring to Subject property. LOE provided is addressing primary property xx Cricket lane.


Buyer Comment (2026-05-12): There is no HOA on this property - It is a x-Unit Condo w/ no true HOA.  The unit owners split the cost of common expenses


Buyer Comment (2026-05-12): See the attached LOE


Buyer Comment (2026-05-12): Please see the attached appraisal showing there is no HOA
 05/15/2026     No 1 C A C A C A C A C A   NJ Second Home Purchase   C A C A C A A A Non QM Non QM No
226275341             Credit Income / Employment Income Documentation Income / Employment The verification of employment is required and was not found in file. -         Reviewer Comment (2026-05-15): Verbal verification of employment received.


Buyer Comment (2026-05-14): see the attached Wx for wages


Buyer Comment (2026-05-14): see the attached VOE


Reviewer Comment (2026-05-13): Received a Business Entity Listing instead of VVOE, VVOE from (redacted) is required for Borrower. Exception Remains.


Buyer Comment (2026-05-11): See the VOE that I uploaded
 05/15/2026     No 1 C A C A C A C A C A   NJ Second Home Purchase   C A C A C A A A Non QM Non QM No
226275341             Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Verification of employment is missing from file.       Reviewer Comment (2026-05-15): Verbal verification of employment received.


Buyer Comment (2026-05-14): see attached voe


Reviewer Comment (2026-05-13): Received a Business Entity Listing instead of VVOE, VVOE from (redacted) is required for Borrower. Exception Remains.


Buyer Comment (2026-05-11): See the VOE that was uploaded
 05/15/2026     No 1 C A C A C A C A C A   NJ Second Home Purchase   C A C A C A A A Non QM Non QM No
226275341             Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Verification of employment is missing from file.       Reviewer Comment (2026-05-15): Verbal verification of employment received.


Buyer Comment (2026-05-14): see the attached voe


Reviewer Comment (2026-05-13): Received a Business Entity Listing instead of VVOE, VVOE from (redacted) is required for Borrower. Exception Remains.


Buyer Comment (2026-05-11): See the VOE that was uploaded
 05/15/2026     No 1 C A C A C A C A C A   NJ Second Home Purchase   C A C A C A A A Non QM Non QM No
226275342             Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender - Lender on Appraisal differs from the Note. Appraisal Transfer Letter is not provided.       Reviewer Comment (2026-05-19): Appraisal transfer letter received.


Buyer Comment (2026-05-15): see attached transfer letter
 05/19/2026     No 1 B A B A B A B A B A   FL Primary Refinance - Rate/Term   C B A A C B B A Non QM Non QM No
226275342             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of (redacted) exceeds tolerance of (redacted).  (redacted) over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $x,xxx.xx exceeds tolerance of $x.xx. $x,xxx.xx over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-05-18): (redacted) Received Valid COC dated xx/xx/xxxx.


Buyer Comment (2026-05-15): see attached COC
 05/18/2026     No 1 C A C A C A C A C A   FL Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B B A Non QM Non QM No
226275342             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of (redacted) exceeds tolerance of (redacted).  (redacted) over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $x,xxx.xx exceeds tolerance of $x,xxx.xx. $xx.xx over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-05-20): (redacted) received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Buyer Comment (2026-05-19): see attached cure ck


Buyer Comment (2026-05-19): see attached cure docs -will upload ck once receive
   05/20/2026   No 2 C B C B C B C B C B   FL Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B B A Non QM Non QM No
226275343             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Lender Exception(s) not provided   Approved Lender Exception. Exception Requested: Profit and Loss extension using xx instead of xx. Key Loan Information: Apex xx yr fixed, Loan amount of $x,xxx,xxx.xx, Appraised value $x,xxx,xxx.xx, No cash out non owner, LTV xx%, FICO xxx required xxx. Justification: DTI in line. xx months reserves documented, Business established for xx years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of x months PITIA or more.

Borrower has been employed in the same industry for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has worked in the same position for more than x years.

Borrower's monthly mortgage payment has decreased by at least xx%.

The refinance has decreased the borrower's monthly debt payments by xx% or more.		 $373,094.57 vs $133,122.92 SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2026-01-27): Investor accepts and agrees to waive with compensating factors.
     01/27/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   C B C B A A A A N/A N/A No
226275343             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Rider - Prepayment not provided   Provided Note addendum - Prepayment reflects Prepayment structure as x months interest for a term of xx months however Rider - Prepayment reflects Fixed rate of x% for xx months. lender to review and confirm the correct Prepayment structure and terns and provided corrected Note addendum or rider prepayment as per the considered structure.       Reviewer Comment (2026-03-10): Received Security instrument with prepayment rider corrected along with the letter of intent to re-record. Exception cleared.


Buyer Comment (2026-03-09): LOI attestation


Buyer Comment (2026-03-09): Security Instrument and PPP rider
 03/10/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C B C B A A A A N/A N/A No
226275344             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___         Reviewer Comment (2026-04-01): PPP addendum provided.
 04/01/2026     No 1 A A A A A A A A A A   SC Investment Purchase   C B C A B B A A N/A N/A No
226275344             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   Note Addendum - Prepayment is missing in file.       Reviewer Comment (2026-04-01): PPP addendum provided.
 04/01/2026     No 1 C A C A C A C A C A   SC Investment Purchase   C B C A B B A A N/A N/A No
226275344             Credit Missing Document General Missing Document Missing Document: The Work Number - Employment Only not provided   As per guidelines - Verbal VOE (dated within x days of closing) - The Work Number - Employment Only is missing for company (Redacted).       Reviewer Comment (2026-02-02): Received Status report for (redacted). SCRA and as per guide, xxx days accepted. Exception cleared.


Buyer Comment (2026-01-30): Please see attached xx/xx/xx VVOE
 02/02/2026     No 1 C A C A C A C A C A   SC Investment Purchase   C B C A B B A A N/A N/A No
226275344             Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 business days of the Note. - As per guidelines - Verbal VOE (dated within x days of closing) - The Work Number - Employment Only is missing for company (Redacted).       Reviewer Comment (2026-02-02): Received Status report for (redacted). SCRA and as per guide, xxx days accepted. Exception cleared.


Buyer Comment (2026-01-30): Please see attached xx/xx/xx VVOE
 02/02/2026     No 1 C A C A C A C A C A   SC Investment Purchase   C B C A B B A A N/A N/A No
226275344             Compliance Compliance Federal Compliance GSE FNMA Points and Fees (redacted) EVx informational       Buyer Comment (2026-01-28): Acknowledged non-material EVx
     01/28/2026 No 2 B B B B B B B B B B   SC Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A N/A N/A No
226275345             Compliance Compliance Federal Compliance GSE FNMA Points and Fees (redacted) EVx informational       Buyer Comment (2026-01-28): Acknowledged non material
     01/28/2026 No 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C B B B A A Non QM N/A No
226275345             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   Require updated Note Addendum-Prepayment with prepayment penalty disclosed as x%. The current Note Addendum-Prepayment shows prepayment penalty as x.xxx%, however, prepayment penalty rider shows as x% for xx months.       Reviewer Comment (2026-03-05): Received Re-recorded DOT and Note addendum - prepayment penalty and Rider- prepayment penalty. Exception cleared.


Buyer Comment (2026-03-03): Re-recorded DOT


Buyer Comment (2026-03-03): PPP Addendum
 03/05/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C B C B B B A A Non QM N/A No
226275345             Credit Guideline Guideline Issue Guideline "Other" housing history reflects lates that do not meet guidelines.   Borrower is currently unmarried and living rent free at his sons address since x years; however, as per guidelines,
- Borrowers living rent free at their primary residence may be eligible but only if they live with a non-borrowing spouse. This is still considered no housing history and subject to the restrictions in this guide. To be eligible, the non-borrowing spouse must provide a rent-free letter, and evidence of an acceptable xx-month housing payment history (mortgage or rent payment) from the non-borrowing spouse must be obtained. However Borrower is not Married as per final xxxx.
- Borrowers living rent-free with any person other than a non-borrowing spouse are not eligible and may only be considered on an exception basis.
Lender Exception Doc Id Dxxxx already provided in the file for No Housing History, rent free letter Doc Id Dxxxx also provided in the file.		 Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrower has been employed in the same industry for more than x years.

Borrower has verified disposable income of at least $xxxx.xx.

Borrower has worked in the same position for more than x years.

The qualifying DTI on the loan is at least xx% less than the guideline maximum.		 96 vs 3 SitusAMC,Aggregator

SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2026-01-27): investor accepts and agrees to waive with compensating factors.
     01/27/2026 No 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   C B C B B B A A Non QM N/A No
226275346             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   Require updated note Addendum - Prepayment as the one provided, its prepayment terms are not same as prepayment rider.       Reviewer Comment (2026-03-12): Received Letter of intent to re-record the riders and DOT and destroy the previous prepayment rider. Exception cleared.


Buyer Comment (2026-03-10): Letter of Intent


Buyer Comment (2026-03-10): Security Instrument


Reviewer Comment (2026-02-25): Received Prepayment Addendum with Terms x Months interest PPP for xx  Months period whereas File have x Prepayment Rider One with x Months interest for xx Months period and one with x% Fixed PPP for xx months period. Kindly Confirm Lender used PPP Structure as Rate lock document does not confirm the same. Additionally Provided Confirmation of destroying PPP Rider of x% Fixed PPP terms for xx month Period along intent to re-record. Exception Remains


Buyer Comment (2026-02-24): PPP addendum


Reviewer Comment (2026-02-18): Noted. Require updated note Addendum - Prepayment with correct prepayment term matching the prepayment rider. Exception remains


Buyer Comment (2026-02-17): PPP Addendum attestation


Buyer Comment (2026-02-17): Mortgage and Rider
 03/12/2026     No 1 C A C A C A C A C A   NV Investment Purchase   C B C A B B A A N/A N/A No
226275346             Compliance Compliance Federal Compliance GSE FNMA Points and Fees (redacted) EVx informational       Buyer Comment (2026-01-26): Acknowledged non material
     01/26/2026 No 2 B B B B B B B B B B   NV Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A N/A N/A No
226275347             Credit Missing Document General Missing Document Missing Document: Trust Agreement (Asset) not provided   Require Trust Agreement for "(Redacted)" for (redacted) accounts ending with #xxxx, #xxxx, #xxxx, #xxxx and #xxxx as it is missing in file.       Reviewer Comment (2026-02-17): Received Trust agreement for (Redacted). Exception cleared.


Buyer Comment (2026-02-17): Trust attached.
 02/17/2026     No 1 C A C A C A C A C A   ID Investment Purchase   C B C A B B A A N/A N/A No
226275347             Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided   Require updated Hazard Insurance document for Subject Property with Annual Insurance Premium amount reflecting as $x,xxx.xx as in the current Hazard Insurance document given in file Insurance premium amount is given as $x.xx       Reviewer Comment (2026-02-02): Hazard Insurance documents reflects paid receipt of $x,xxx.xx premium amount. Exception Cleared


Buyer Comment (2026-01-30): Please see all pages which include an email from agent explaining missing premium but providing the paid receipt matching the $xxxx.
 02/02/2026     No 1 C A C A C A C A C A   ID Investment Purchase   C B C A B B A A N/A N/A No
226275347             Compliance Compliance Federal Compliance GSE FNMA Points and Fees (redacted) EVx informational       Buyer Comment (2026-01-28): Acknowledged non-material EVx
     01/28/2026 No 2 B B B B B B B B B B   ID Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A N/A N/A No
226275348             Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Secondary valuation reflects subject city name as (Redacted) however as per note subject city name is (Redacted). Required updated CDA with correct city name.       Reviewer Comment (2026-02-25): Received updated CDA with correction in Property address. Exception Cleared


Buyer Comment (2026-02-24): CDA
 02/25/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
226275348             Credit System General Appraisal Reconciliation Valuation address does not match Note address. - Appraisal report reflects incorrect subject property street address as (redacted), required updated appraisal report with correct street address.       Reviewer Comment (2026-02-12): xxx/xxxxD is provided with correct street address. Exception Cleared


Buyer Comment (2026-02-11): xxxxD
 02/12/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
226275348             Credit System General System Flood Certificate Subject Address does not match Note address.   Flood Certificate reflects incorrect city name as (Redacted), required updated flood certificate with correct city name.       Reviewer Comment (2026-02-03): Update Flood certificate is provided with correct City name. Exception Cleared


Buyer Comment (2026-02-02): Flood Cert
 02/03/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
226275348             Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees (redacted) EVx informational       Buyer Comment (2026-01-26): Acknowledged non material
     01/26/2026 No 2 B B B B B B B B B B   CA Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A Non QM Non QM No
226275349             Compliance Compliance Federal Compliance GSE FNMA Points and Fees (redacted) EVx informational       Buyer Comment (2026-03-04): Acknowledged non material EVx
     03/04/2026 No 2 B B B B B B B B B B   NC Investment Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B C A B B A A N/A N/A No
226275349             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Rider - Prepayment not provided   Require updated Pre-Payment rider document. Note not matching rider.       Reviewer Comment (2026-03-04): Received Rider - Prepayment penalty along with the letter of intent to re-record and the security instrument. Exception cleared.


Buyer Comment (2026-03-03): Attestation letter


Buyer Comment (2026-03-03): Mortgage and Rider


Buyer Comment (2026-03-03): PPP addendum
 03/04/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C B C A B B A A N/A N/A No
226275350             Compliance Compliance Federal Compliance GSE FNMA Points and Fees (redacted)         Buyer Comment (2026-05-11): Acknowledged non material
     05/11/2026 No 2 B B B B B B B B B B   FL Investment Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A N/A N/A No
226275350             Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2026-05-14): Received evidence of appraisal delivery. Appraisal waiver is  been signed x days prior to the closing date. Exception cleared.


Buyer Comment (2026-05-12): Appraisal delivery
 05/14/2026     No 1 B A B A B A B A B A   FL Investment Purchase   B B A A B B A A N/A N/A No
226275351             Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees (redacted) Points and Fees on subject loan of x.xxxxx% is in excess of the investor allowable maximum of x.xxxxx% of the Federal Total Loan Amount. Points and Fees total $xx,xxx.xx on a Federal Total Loan Amount of $x,xxx,xxx.xx vs. an investor allowable total of $xx,xxx.xx (an overage of $xx,xxx.xx or x.xxxxx%).       Buyer Comment (2026-05-11): Acknowledged non material
     05/11/2026 No 2 B B B B B B B B B B   FL Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B A A C B A A Non QM Non QM No
226275351             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Property Costs Year 1 Underdisclosed - October 2018 TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year X of  on Final Closing Disclosure provided on(redacted) are underdisclosed Loan Disclosures: Amount of Estimated Property Costs over Year x of on Final Closing Disclosure provided on xx/xx/xxxx are underdisclosed No escrows reflected on page x.       Reviewer Comment (2026-05-18): (redacted) received Letter of explanation and Corrected Closing disclosure.


Buyer Comment (2026-05-15): Please see uploaded LOE


Reviewer Comment (2026-05-14): (redacted) received Corrected CD.  Missing copy of LOE to borrower which accompanied the PCCD to finalize cure.


Buyer Comment (2026-05-13): Please see uploaded PCCD
   05/18/2026   No 2 C B C B C B C B C B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
226275351             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Have Escrow Account TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on (redacted) incorrectly disclosed whether the loan will have an escrow account. Loan Disclosures: Final Closing Disclosure provided on xx/xx/xxxx incorrectly disclosed whether the loan will have an escrow account. Page x reflects the loan will have an escrow account and escrows are not on page x.       Reviewer Comment (2026-05-18): (redacted) received Letter of explanation and Corrected Closing disclosure.


Buyer Comment (2026-05-15): Please see uploaded LOE


Reviewer Comment (2026-05-14): (redacted) received Corrected CD.  Missing copy of LOE to borrower which accompanied the PCCD to finalize cure.


Buyer Comment (2026-05-13): Please see uploaded PCCD
   05/18/2026   No 2 C B C B C B C B C B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
226275351             Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow Account TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on (redacted) incorrectly disclosed whether the loan will have an escrow account. Loan Disclosures: Final Closing Disclosure provided on xx/xx/xxxx incorrectly disclosed whether the loan will have an escrow account. Page x reflects the loan will have an escrow account and escrows are not on page x.       Reviewer Comment (2026-05-18): (redacted) received Letter of explanation and Corrected Closing disclosure.


Buyer Comment (2026-05-15): LOE to borrower


Reviewer Comment (2026-05-14): (redacted) received Corrected CD.  Missing copy of LOE to borrower which accompanied the PCCD to finalize cure.


Buyer Comment (2026-05-13): PCCD
   05/18/2026   No 2 C B C B C B C B C B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM No
226275351             Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver Test TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least (redacted) business days prior to closing. Closing Disclosure not provided to Borrower(s) at least (redacted) business days prior to closing.       Reviewer Comment (2026-05-14): (redacted) received signed CD dated x/xx


Buyer Comment (2026-05-13): Initial CD
 05/14/2026     No 1 C A C A C A C A C A   FL Primary Purchase No Defined Cure C B A A C B A A Non QM Non QM No
226275351             Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Loan designation failure due to ATR failure.  This exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2026-05-08): Assets were provided
 05/08/2026     No 1 B A C A B A C A B A   FL Primary Purchase Lender to provide updated ATR/QM Loan Designation C B A A C B A A Non QM Non QM No
226275351             Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. ATR failure due to insufficient asset documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2026-05-08): Assets were provided
 05/08/2026     No 1 C A C A C A C A C A   FL Primary Purchase   C B A A C B A A Non QM Non QM No
226275352             Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on (redacted) not received by borrower at least (redacted) business days prior to closing. Revised Loan Estimate provided on xx/xx/xxxx not received by borrower at least four (x) business days prior to closing.       Reviewer Comment (2026-05-13): (redacted) Received signed copy of LE dated xx/xx/xxxx.


Buyer Comment (2026-05-12): Please ensure Saturday is being included as a business day - attached LE is signed / received x/x (day x), x/x (day x), x/x (day x) and x/x (day x) - Closing date is Monday x/x/xx
 05/13/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
226275353             Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Tax Certificate not provided   Title reflects subject property Street address as "xxxx (Redacted)" Subject property Street address on Tax certificate is "(redacted)" The credit docs to be updated to match title or title to be changed or client to accept as is. APN on title matches Mortgage APN.       Reviewer Comment (2026-05-14): Received Tax cert with Parcel ID reflecting same as the Property address "xxxx (Redacted)". Hence validated and exception cleared.


Buyer Comment (2026-05-12): Tax cert
 05/14/2026     No 1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   D A C A D A A A N/A N/A No
226275353             Compliance Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided   Require Note document Signed by the Borrower as the current Note document in file is not signed.       Reviewer Comment (2026-05-14): Received Note Signed and Executed by the borrower. Exception Cleared.


Buyer Comment (2026-05-12): Executed Note
 05/14/2026     No 1 D A D A D A D A D A   PA Investment Refinance - Cash-out - Other   D A C A D A A A N/A N/A No
226275353             Credit Credit Credit Documentation Credit Credit Report Error: Missing source document for credit/housing history.   Payment history not available for property xxxx (Redacted) (March xxxx) and xx (Redacted) (January-March xxxx).       Reviewer Comment (2026-05-14): As per guide, Housing payments must be paid current as of the month prior to the loan application date. Mortgage with LandHmeFIIN #xxxx for property "xxxx (Redacted)" is paid until xx/xxxx as per credit report and Mortgage with Selene #xxxx for property "xx (Redacted) " reflects paid from Jan - Dec xxxx and meets guide requirement. Exception cleared.


Buyer Comment (2026-05-12): Lender Cert regarding housing payments
 05/14/2026     No 1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   D A C A D A A A N/A N/A No
226275353             Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - ___ Require source document for Other payment of $xxx.xx for property xxxx (Redacted) as it is missing in file.       Reviewer Comment (2026-05-15): Corrected xxxx provided.


Buyer Comment (2026-05-13): updated xxxx $xxx.xx was in error
 05/15/2026     No 1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   D A C A D A A A N/A N/A No
226275354             Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees (redacted) EVx Informational       Buyer Comment (2026-05-11): Acknowledged non-material EVx
     05/11/2026 No 2 B B B B B B B B B B   UT Second Home Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. C B A A C B A A Non QM Non QM No
226275354             Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of (redacted) exceeds tolerance of (redacted) plus (redacted) or (redacted).  (redacted)over legal limit.  Insufficient or no cure was provided to the borrower. Ten Percent Fee Tolerance exceeded by $xx.xx due to increase of Title- Notary Fee.  File does not contain a valid COC for this fee, nor evidence of cure in file.       Reviewer Comment (2026-05-13): (redacted) received LOE suffice


Buyer Comment (2026-05-12): Lender rebuttal
 05/13/2026     No 1 C A C A C A C A C A   UT Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
226275354             Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of (redacted) exceeds tolerance of (redacted).  (redacted) over legal limit.  Insufficient or no cure was provided to the borrower. The Loan Origination Fee was increased on the CD dated xx/xx/xxxx, no cure was provided to the Borrower.       Reviewer Comment (2026-05-15): (redacted) received a valid COC.


Buyer Comment (2026-05-14): Earlier Econsent


Reviewer Comment (2026-05-13): (redacted) received COC, however LE dated xx/xx is e-signed on xx/xx and e-consent available in file is dated xx/xx. Please provide earliest e-consent to re-evaluate the exception.


Buyer Comment (2026-05-12): COC
 05/15/2026     No 1 C A C A C A C A C A   UT Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM No
226275355             Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Required Tax certificate and Mortgage statement document for REO property xxx (Redacted) Unit # x.       Reviewer Comment (2026-05-28): Tax cert provided


Buyer Comment (2026-05-27): Tax cert


Reviewer Comment (2026-05-19): Received Executed Note and unsigned CD confirming P&I however Taxes and Certificate is still missing in file. Exception remains.


Buyer Comment (2026-05-18): Note and CD confirming PI. Waiting on taxes and insurance
 05/28/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C A B B A A N/A N/A No
226275355             Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Tax Certificate not provided   Required tax certificate in file which matches the lender calculated Tax amount of $x,xxx.xx.       Reviewer Comment (2026-05-19): Received Tax cert with Auditor Tax rate and Special assessment value along with Approval document that reflects the Tax calculation. Exception cleared.


Buyer Comment (2026-05-18): Loan approval with tax calculation at borrom of sheet
 05/19/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C A B B A A N/A N/A No
226275355             Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least (redacted) days prior to closing, and appraisal was not provided at or before closing. Provided appraisal reports reflects report date as xx/xx/xxxx which is within x days of closing date.       Buyer Comment (2026-05-18): Acknowledged non material EVx


Reviewer Comment (2026-05-18): Required initial/original appraisal report. Exception remains


Buyer Comment (2026-05-14): Appraisal delivery
     05/18/2026 No 2 B B B B B B B B B B   CA Investment Purchase   C B C A B B A A N/A N/A No
226275355             Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Provided appraisal reports reflects report date as xx/xx/xxxx which is within x days of closing date.       Buyer Comment (2026-05-18): Acknowledged non material EVx


Reviewer Comment (2026-05-18): Required initial/original appraisal report. Exception remains


Buyer Comment (2026-05-14): Appraisal delivery
     05/18/2026 No 2 B B B B B B B B B B   CA Investment Purchase   C B C A B B A A N/A N/A No
226275355             Credit Credit Credit Eligibility Credit Credit Issue:  Judgments on credit/title report were not satisfied at closing per loan approval.   Missing evidence of judgment/lien being paid in full prior to closing for Creditor: (Redacted) $x,xxx.xx Filing SMCFSxxxxxxx dated xx/xx/xxxx.       Reviewer Comment (2026-05-18): Judgment has been fully satisfied. Exception cleared


Buyer Comment (2026-05-14): Documents confirming judgement paid
 05/18/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C A B B A A N/A N/A No
226275355             Credit Guideline Guideline Issue Guideline The subject Property was sold within the previous 12 months. Missing evidence to determine if there are  undisclosed Identity-of-Interest transactions and if compliant with Restrictions on Property Flipping.   Granted Lender Exception in file. Prior sale of subject is noted for $xxxk on xx/xx/xxxx, appraiser to provided explanation of the significant increase in sales price to current sales price of $xxxK in less than x months. Why was the prior sales price so much lower? Appraiser to provide answer. Exception parameters: CLTV xx%, Credit Score xxx, DTI < xx%, Residual Income > $xxx,xxx, Reserves > xx months.       Reviewer Comment (2026-05-19): Appraisal provided has appraisers comment about property been sold within xx months. Investor who purchase the property in Feb xxxx had another opportunity to purchase another property hence sold this property for liquid funds. Exception cleared.


Buyer Comment (2026-05-18): Updated appraisal regarding flip


Buyer Comment (2026-05-18): Seller response
 05/19/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C A B B A A N/A N/A No
226275356             Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. - Require xxx/Final Inspection document as Appraisal was made subject to completion and xxx document is not given in file.       Reviewer Comment (2026-06-01): The Subject's basement had been finished and all fixtures installed. Exception cleared.


Buyer Comment (2026-05-28): xxxxD
 06/01/2026     No 1 C A C A C A C A C A   MI Primary Purchase   C A A A A A C A Non QM Non QM No
226275358             Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees (redacted) EVx informational.       Buyer Comment (2026-06-02): Acknowledged non material
     06/02/2026 No 2 B B B B B B B B B B   FL Primary Purchase LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. B B A A B B A A Non QM Non QM No
226275358             Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant (redacted) business days prior to consummation. Appraisal was provided to the borrower xx/xx/xxxx. Missing evidence it was received three (x) business days prior to consummation.       Reviewer Comment (2026-06-03): Received Appraisal timing waiver signed on xx/xx/xxxx. Evidence of appraisal delivery is dated xx/xx/xxxx, Provide borrower's acknowledgement confirming receipt of appraisal report prior to note date (xx/xx/xxxx). New Exception was raised on the basis of document provided. Exception cleared.


Reviewer Comment (2026-06-03): Received Appraisal timing waiver signed on xx/xx/xxxx. Evidence of appraisal delivery is dated xx/xx/xxxx, Provide borrower's acknowledgement confirming receipt of appraisal report prior to note date (xx/xx/xxxx). Exception remains.


Buyer Comment (2026-06-02): appraisal timing waiver
 06/03/2026     No 1 B A B A B A B A B A   FL Primary Purchase   B B A A B B A A Non QM Non QM No
226275358             Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Appraisal was provided to the borrower xx/xx/xxxx. Missing evidence it was received three (x) business days prior to consummation.       Buyer Comment (2026-06-03): Acknowledged non material EVx


Reviewer Comment (2026-06-03): Received Appraisal timing waiver signed on xx/xx/xxxx. Evidence of appraisal delivery is dated xx/xx/xxxx, Provide borrower's acknowledgement confirming receipt of appraisal report prior to note date (xx/xx/xxxx). Exception remains.
     06/03/2026 No 2   B   B   B   B   B   FL Primary Purchase   B B A A B B A A Non QM Non QM No
226275359             Credit Credit Credit Documentation Credit No Housing History or Less Than 12 Months Verified. 6 Months reserves required per guidelines. Review data and set applicable exception.   Current Address - xxxxx Ashbury Dr- Borrower is staying on rent at $xxxx/month. Received xx months from xx/xxxx to xx/xxxx bank statements showing monthly recurring payment as $xxxx from business bank account #xxxxx. Lease agreement required also per guidelines and is missing in file. Additionally, provide proof of the x/xxxx and x/xxxx rental payments.       Reviewer Comment (2026-06-17): Received VOR for property xxxxx (redacted) for the amount of $x,xxx.xx from date xx/xx/xxxx to xx/xx/xx with no lates. - Exception Cleared.


Buyer Comment (2026-06-15): UW Rebuttal
 06/17/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
226275359             Compliance Compliance Federal Compliance TRID Defect TRID Loan Estimate Timing TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within (redacted) business days of application. Loan Estimate not delivered or placed in the mail to Borrower(s) within three (x) business days of application       Reviewer Comment (2026-06-09): (redacted) received xx/xx/xxxx initial LE within x business days of application.


Buyer Comment (2026-06-08): Signed LE
 06/09/2026     No 1 C A C A C A C A C A   CA Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
226275361             Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Require CPA letter to verify that the business is in existence and in good standing and active.       Reviewer Comment (2026-06-22): Received the State Business License.


Buyer Comment (2026-06-18): xrd party verif


Reviewer Comment (2026-06-16): Received Contractors State License Board confirming License is current and active however as per guide, A Third-party verification that the business is in existence and in good standing and active is required. A signed, written statement from a CPA or a Third-Party Tax Preparer is permitted for verification. Exception remains.


Buyer Comment (2026-06-12): PER LENDER - xrd party verif
 06/22/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   D B C A C B D A Non QM Non QM No
226275361             Compliance Compliance Federal Compliance GSE Fannie Mae 2014 - 3% Points and Fees (redacted) EVx informational       Buyer Comment (2026-06-10): Acknowledged non-material EVx
     06/10/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. D B C A C B D A Non QM Non QM No
226275361             Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2026-06-22): Received the State License.


Buyer Comment (2026-06-18): See upload x/xx/xxxx


Reviewer Comment (2026-06-16): Received Contractors State License Board confirming License is current and active however as per guide, A Third-party verification that the business is in existence and in good standing and active is required. A signed, written statement from a CPA or a Third-Party Tax Preparer is permitted for verification. Exception remains.


Buyer Comment (2026-06-15): See uploads x/xx-x/xx
 06/22/2026     No 1 B A C A B A C A B A   CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status D B C A C B D A Non QM Non QM No
226275361             Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Bank Statements Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. Require CPA letter to verify that the business is in existence and in good standing and active.       Reviewer Comment (2026-06-22): Received the State License.


Buyer Comment (2026-06-18): See upload x/xx/xxxx


Reviewer Comment (2026-06-16): Received Contractors State License Board confirming License is current and active however as per guide, A Third-party verification that the business is in existence and in good standing and active is required. A signed, written statement from a CPA or a Third-Party Tax Preparer is permitted for verification. Exception remains.


Buyer Comment (2026-06-15): See uploads x/xx-x/xx
 06/22/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   D B C A C B D A Non QM Non QM No
226275361             Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. ATR failure due to Insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2026-06-22): Received the State License.


Buyer Comment (2026-06-18): See upload x/xx/xxxx


Reviewer Comment (2026-06-16): Received Contractors State License Board confirming License is current and active however as per guide, A Third-party verification that the business is in existence and in good standing and active is required. A signed, written statement from a CPA or a Third-Party Tax Preparer is permitted for verification. Exception remains.


Buyer Comment (2026-06-15): See uploads x/xx-x/xx
 06/22/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   D B C A C B D A Non QM Non QM No
226275361             Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Waterfall Exception due to ATR failure, This exception will be cleared once all ATR specific exceptions have been cured/cleared.       Reviewer Comment (2026-06-22): Received the State License.
 06/22/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   D B C A C B D A Non QM Non QM No
226275361             Credit Credit Credit Documentation Credit Credit Report Error: Missing source document for credit/housing history.   Require payment history for the month of xx/xxxx and xx/xxxx for property xxx (Redacted) as it is missing in file and mortgage history available for only xx months. Guidelines require xx months.       Reviewer Comment (2026-06-16): Available Probate confirms property located at xxx (redacted) is awarded to the borrower. Lender correspondence supports the documents provided. Exception Cleared.


Buyer Comment (2026-06-15): PER LENDR -  see COURT DOCUMENTS ALREADY IN SHIPPED FILE and UW rebuttal attached here to clarify
 06/16/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   D B C A C B D A Non QM Non QM No
226275361             Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2   A CDA is required with x appraisal and was not provided.       Reviewer Comment (2026-06-11): As per guide, The Seller may submit the appraisal report to Collateral Underwriter(r) (CU(r)) or Loan Collateral Advisor(r) (LCA). An eligible score is x.x or less. The file must include a copy of the Submission Summary Report (SSR). (Only one score required, if both scores (CU & LCA) provided, both required to be x.x or less). Since the scores are x we do not require a CDA  or an enhanced desk review. Exception cleared.


Buyer Comment (2026-06-10): See UCDP Dxxxx & Dxxxx         The Seller may submit the appraisal report to Collateral Underwriter(r) (CU(r)) or Loan Collateral Advisor(r) (LCA). An eligible score is x.x or less. The file must include a copy of the Submission Summary Report (SSR). (Only one score required, if both scores (CU & LCA) provided, both required to be x.x or less)
 06/11/2026     No 1 D A D A D A D A D A   CA Primary Refinance - Cash-out - Other   D B C A C B D A Non QM Non QM No
226275366             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/04/2026 No 1 A A A A A A A A A A   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
226275366             Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2026-05-04): per client request


Buyer Comment (2026-05-04): Please waive. FICO, LTV.


Reviewer Comment (2026-04-30): Received Title document reflects proposed Loan Amount. Provide Insured or policy coverage amount. Exception remains.


Seller Comment (2026-04-29): Title
     05/04/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
226275367             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/04/2026 No 1 A A A A A A A A A A   OH Investment Purchase   C A C A     A A   N/A No
226275367             Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   OFAC for (redacted) not provided       Reviewer Comment (2026-03-11): Received OFAC, exception cleared.


Seller Comment (2026-03-10): OFAC for (Redacted) - we normally only pull OFACs for the guarantor


Reviewer Comment (2026-02-09): OFAC provided is for the guarantor (Redacted), please provide an OFAC for the borrowing entity, (Redacted)


Seller Comment (2026-02-06): OFAC
 03/11/2026     No 1 C A C A C A C A C A   OH Investment Purchase   C A C A     A A   N/A No
226275368             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/05/2026 No 1 A A A A A A A A A A   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
226275368             Credit Property - Appraisal Property Eligibility - Site and Utilities Property - Appraisal (redacted) Water Contamination: Property is located in (Redacted) and could be subject to contaminated water. Files does not contain evidence that water supply is serviced by a non-municipal water source (well water supply), or evidence from an independent water quality analysis that confirms that water is free of all known environmental and safety hazards           Reviewer Comment (2026-05-04): per client request


Buyer Comment (2026-05-04): Please waive public water source.
     05/04/2026 No 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
226275369             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2026-03-11): Received Bank statement, exception cleared.


Seller Comment (2026-03-11): (Redacted)


Reviewer Comment (2026-02-09): Total verified assets are $xxx,xxx.xx of which $xx,xxx.xx are usable as retirement accounts totaling $xx,xxx.xx, per lender guidelines, may use xx% toward liquidity.


Seller Comment (2026-02-06): We have total assets of $xxx,xxx.xx covering with liquidity requirement of $xxx,xxx.xx.
 03/11/2026     No 1 C A C A C A C A C A   DE Investment Purchase   C A C A     A A   N/A No
226275369             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-04-16): Updated closing statement provided. Reserves are now inline with guidelines


Seller Comment (2026-04-15): Updated statement and HUD to tie out balances


Reviewer Comment (2026-04-09): Calculated reserves of x.xx months is short of the x months required. Exception remains.


Seller Comment (2026-04-08): please check attached


Reviewer Comment (2026-03-11): Document provided is incomplete and provides no evidence of account number.


Seller Comment (2026-03-10): xxxxx showing $xx,xxx.xx. Sorry if this was uploaded already but i see this is what was used on our side


Reviewer Comment (2026-03-06): The (redacted) acct with the balance discrepancy is xxxxx, the statement uploaded was for xxxxx.


Seller Comment (2026-03-05): bank statement


Reviewer Comment (2026-02-20): The (redacted) acct xxxx statement dated xx/xx/xx has a balance of $xxx.xx not $xx,xxx.xx.


Seller Comment (2026-02-19): (REDACTED)


Reviewer Comment (2026-02-09): Total verified assets are $xxx,xxx.xx of which $xx,xxx.xx are usable as retirement accounts totaling $xx,xxx.xx, per lender guidelines, may use xx% toward liquidity.


Seller Comment (2026-02-06): We have total assets of $xxx,xxx.xx covering with liquidity requirement of $xxx,xxx.xx.
 04/16/2026     No 1 C A C A C A C A C A   DE Investment Purchase   C A C A     A A   N/A No
226275370             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/05/2026 No 1 A A A A A A A A A A   NJ Investment Purchase   A A A A     A A   N/A No
226275371             Credit Credit Miscellaneous Guideline Credit Exception:   Provide documentation showing that xxx main St, (redacted), CT xxxxx, is vacant land.       Reviewer Comment (2026-03-11): tax cert in the file shows the property is assessed at $xxxx with no exemptions


Seller Comment (2026-03-10): (REDACTED)


Seller Comment (2026-03-10): We do not collect anything stating/showing the land is vacant - don't have anything in our guides for this. is there anything in particular you are looking for?
 03/11/2026     No 1 C A C A C A C A C A   CT Investment Purchase   C A C A     A A   N/A No
226275371             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/10/2026 No 1 A A A A A A A A A A   CT Investment Purchase   C A C A     A A   N/A No
226275372             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/06/2026 No 1 A A A A A A A A A A   MD Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275372             Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility There is no evidence of landlord insurance (hazard insurance plus liability) and thus casts doubt on the business purpose of the loan.   Missing evidence of liability insurance on the hazard declarations page as required by guidelines. Insurer is (Redacted). Borrower has owned the subject property for at least x years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2026-03-11): (redacted) is acceptable to buyer


Buyer Comment (2026-03-10): Agree with seller, liability is rolled into the coverage. Policy clearly states this is for a rental dwelling coverage and shows loss of rents in coverage C which supports the business purpose. Please clear


Reviewer Comment (2026-02-10): buyer to review


Seller Comment (2026-02-09): (redacted) Agent has included liability within the coverage by default.No additional documentation or wording is required. This could be waived off.
     03/11/2026 No 2 C B C B C B C B C B   MD Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275373             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003           Reviewer Comment (2026-02-12): Documentation provided. Cleared


Seller Comment (2026-02-11): Uploaded,(redacted)Application.
 02/12/2026     No 1 C A C A C A C A C A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275373             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/10/2026 No 1 A A A A A A A A A A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275374             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/10/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275375             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/10/2026 No 1 A A A A A A A A A A   TX Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275376             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/11/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Rate/Term   C B C A     B B   N/A No
226275376             Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___               02/11/2026 No 2 A A A A A A A A B B   IL Investment Refinance - Rate/Term   C B C A     B B   N/A No
226275376             Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Dwelling coverage of $xxx,xxx is less than the loan amount of $xxx,xxx and the estimated cost new of $xxx,xxx.       Reviewer Comment (2026-03-17): replacement cost estimate provided


Seller Comment (2026-03-17): RCE has been provided
 03/17/2026     No 1 C A C A C A C A C A   IL Investment Refinance - Rate/Term   C B C A     B B   N/A No
226275377             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/11/2026 No 1 A A A A A A A A A A   TX Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275377             Credit Credit Miscellaneous Credit Miscellaneous Credit (Non-Material):   Every window and door has bars in place.  Provide evidence all have safety latches.       Reviewer Comment (2026-05-20): per client request


Buyer Comment (2026-05-20): Please waive and settle this exception, the sellers GLs do not require this to be noted in the appraisal. This will stay an Evx
     05/20/2026 No 2 B B B B B B B B B B   TX Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275378             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing full Operating Agreement/bylaws for (Redacted) that details ownership of the entity and access to funds in the entity's bank/brokerage account.       Reviewer Comment (2026-03-09): provided


Seller Comment (2026-03-09): Additional supporting documents to clear the exception


Seller Comment (2026-03-09): Required document has been provided
 03/09/2026     No 1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
226275378             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/11/2026 No 1 A A A A A A A A A A   NJ Investment Purchase   C A C A     A A   N/A No
226275379             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided           Reviewer Comment (2026-02-13): document provided


Seller Comment (2026-02-13): Business Purpose Certificate  has been provided
 02/13/2026     No 1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
226275379             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   (redacted) and  (redacted)       Reviewer Comment (2026-03-06): cogs provided


Reviewer Comment (2026-02-13): Unable to locate COGS from the secretary of state for either entity


Seller Comment (2026-02-13): COGS has been provided
 03/06/2026     No 1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
226275379             Credit Credit Miscellaneous Guideline Credit Exception:   Operating agreement missing for (Redacted)       Reviewer Comment (2026-02-17): Operating agreement provided


Seller Comment (2026-02-17): Operating Agreement (Redacted)


Seller Comment (2026-02-17): Operating agreement for (Redacted) has been provided


Reviewer Comment (2026-02-13): Only the operating agreement for DHRR Enterprises, was provided.


Seller Comment (2026-02-13): Operating agreement for (Redacted) has been provied
 02/17/2026     No 1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
226275379             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/11/2026 No 1 A A A A A A A A A A   TX Investment Purchase   C A C A     A A   N/A No
226275380             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/12/2026 No 1 A A A A A A A A A A   AZ Investment Refinance - Rate/Term   D B D B     A A   N/A No
226275380             Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.     Borrower has owned the subject property for at least x years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

The representative FICO score exceeds the guideline minimum by at least xx points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2026-03-06): (redacted) is acceptable to buyer


Seller Comment (2026-03-06): Insurance document has been provided
     03/06/2026 No 2 C B C B C B C B C B   AZ Investment Refinance - Rate/Term   D B D B     A A   N/A No
226275380             Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   Passport and I-xx or EAD with photo required not provided.       Reviewer Comment (2026-03-05): Received document hence, exception cleared


Seller Comment (2026-03-04): Uploaded, copy of Passport.


Reviewer Comment (2026-02-17): guidelines also require a valid and unexpired passport from their country of citizenship.


Seller Comment (2026-02-17): Visa has been uploaded
 03/05/2026     No 1 C A C A C A C A C A   AZ Investment Refinance - Rate/Term   D B D B     A A   N/A No
226275380             Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided   Guidelines require loan amounts in excess of $x,xxx,xxx.xx require x full independent appraisals not provied.       Reviewer Comment (2026-03-16): provided


Seller Comment (2026-03-16): Uploaded, xnd full independent Appraisal.
 03/16/2026     No 1 D A D A D A D A D A   AZ Investment Refinance - Rate/Term   D B D B     A A   N/A No
226275381             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2026-03-02): provided


Seller Comment (2026-03-02): Uploaded, Certificate of Good Standing.
 03/02/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275381             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided           Reviewer Comment (2026-02-13): provided


Seller Comment (2026-02-13): Operating agreement has been uplaoded
 02/13/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275381             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/12/2026 No 1 A A A A A A A A A A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275382             Credit Credit Credit Eligibility Guideline Public Record Issue: - The background report shows a $xx,xxx.xx state tax warrant.       Reviewer Comment (2026-03-04): updated background check shows no liens or judgments


Buyer Comment (2026-03-03): Per trailing background doc, does not appear to have a tax lien IAO of xxxxx, please review/clear


Seller Comment (2026-03-03): The required doc has been provided
 03/04/2026     No 1 B A B A B A B A B A   NY Investment Refinance - Cash-out - Other   B A B A     A A   N/A No
226275383             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2026-03-23): not required per client if entity was formed within x year prior to the note date


Buyer Comment (2026-03-20): Agree with(redacted)a COGs is not required if entity was formed within x year of note date, please clear


Reviewer Comment (2026-02-16): Buyer to review. Instructions to(redacted)are to ask for COGS regardless of entity age


Seller Comment (2026-02-13): Entity formed on - xx/xx/xxxx
Note date - xx/xx/xxxx
Entity formed date within x year to of the Note date, COGS is not required
 03/23/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275384             Property Appraisal Reconciliation Appraisal Documentation Appraisal Reconciliation Loan is to be securitized. Appraisal was provided from prior transaction. Lender/Client differs from note. Appraisal is not acceptable. Sec ID: 176 Note Date:  ___; Lien Position: ___ The lender on the appraisal is (Redacted) and the lender on the note is (Redacted).  An appraisal transfer letter was not provided.       Reviewer Comment (2026-03-02): Documentation provided. Cleared


Seller Comment (2026-03-02): Appraisal Transfer Letter has been provided
 03/02/2026     No 1 D A A A D A   A D A   NY Investment Refinance - Cash-out - Other   D A A A     D A   N/A No
226275392             Credit Credit Credit Eligibility Guideline Public Record Issue: - Judgment in the amount of $xxx,xxx.xx on the background check, must have proof of satisfaction.       Reviewer Comment (2026-03-18): updated background report showing no liens provided


Seller Comment (2026-03-17): Uploaded, Background report. Judgements none found.
 03/18/2026     No 1 B A B A B A B A B A   NY Investment Refinance - Cash-out - Other   B A B A     A A   N/A No
226275393             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   MA Investment Refinance - Cash-out - Other   B B A A     B B   N/A No
226275393             Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___               02/16/2026 No 2 A A A A A A A A B B   MA Investment Refinance - Cash-out - Other   B B A A     B B   N/A No
226275394             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275395             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275396             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275397             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   AL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275398             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   MI Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275400             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275401             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   WA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275401             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.   The representative FICO score exceeds the guideline minimum by at least xx points.   SitusAMC Reviewer Comment (2026-03-23): Waived at buyers request


Buyer Comment (2026-03-20): Please waive with comp factors


Seller Comment (2026-03-16): Hi (redacted),
Verified PITIA is - x.xx = $xxxxx.xx, and
We are shortage of x.xx  = $xxx.xx
Can we please have this exceptions waived considering compensating factors of High FICO - xxx & DSCR - x.xx ?


Reviewer Comment (2026-03-13): including the $x,xxx.xx PITI reserve collected at closing they only have x.xx months reserves.


Seller Comment (2026-03-13): Please add below Tax & Insurance escrows collected at closing.
x months tax escrow collected at closing - $xxx.xx
x months Insurance escrow collected at closing - $xxx.xx


Reviewer Comment (2026-03-06): $xxxx.xx for P&I reserves, $xxxx.xx from cash out, and $xxxx.xx totals $xxxxx.xx or x.xx months of reserves. Exception remains


Seller Comment (2026-03-05): Hi, Did we add x months PITIA colleted at closing?
Uploaded, HUD --
     03/23/2026 No 2 C B C B C B C B C B   WA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275402             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   IN Investment Purchase   A A A A     A A   N/A No
226275403             Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal was provided from prior transaction. Lender/Client differs from note. Appraisal is not acceptable. Sec ID: 99 Note Date:  ___; Lien Position: ___ The Lender on the appraisal is different than the note, with no transfer letter.       Reviewer Comment (2026-03-02): provided


Seller Comment (2026-03-02): Uploaded, Appraisal transfer letter.
 03/02/2026     No 1 D A A A D A A A D A   NY Investment Refinance - Cash-out - Other   D A A A     D A   N/A No
226275404             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   NC Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275405             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   MO Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275406             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   MO Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275407             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2026-02-18): Document Received, Exception Cleared


Seller Comment (2026-02-18): COGS has been provided
 02/18/2026     No 1 C A C A C A C A C A   AL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275407             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   AL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275408             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275409             Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.               02/16/2026 No 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   B B B B     B B   N/A No
226275409             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   NY Investment Refinance - Cash-out - Other   B B B B     B B   N/A No
226275409             Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___               02/16/2026 No 2 A A A A A A A A B B   NY Investment Refinance - Cash-out - Other   B B B B     B B   N/A No
226275410             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided           Reviewer Comment (2026-02-17): Document provided.


Seller Comment (2026-02-17): Business purpose certificate has been provided
 02/17/2026     No 1 C A C A C A C A C A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275410             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   (redacted)       Reviewer Comment (2026-02-17): Document Received, Exception Cleared


Seller Comment (2026-02-17): COGS has been provided
 02/17/2026     No 1 C A C A C A C A C A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275410             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275411             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Cash-out - Other   C B A A     C B   N/A No
226275411             Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal           Reviewer Comment (2026-03-11): corrected ARR provided


Seller Comment (2026-03-10): Uploaded, Revised ARR.
 03/11/2026     No 1 C A C A C A C A C A   IL Investment Refinance - Cash-out - Other   C B A A     C B   N/A No
226275411             Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___               02/16/2026 No 2 A A A A A A A A B B   IL Investment Refinance - Cash-out - Other   C B A A     C B   N/A No
226275412             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   CT Investment Purchase   A A A A     A A   N/A No
226275413             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   VA Investment Refinance - Rate/Term   B B A A     B B   N/A No
226275413             Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___               02/16/2026 No 2 A A A A A A A A B B   VA Investment Refinance - Rate/Term   B B A A     B B   N/A No
226275414             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   MI Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275415             Credit Missing Document General Missing Document Missing Document: HUD/CD not provided           Reviewer Comment (2026-02-18): executed HUD provided


Seller Comment (2026-02-18): Final executed Hud has been provided


Reviewer Comment (2026-02-18): The closing invoice provided is not signed by the borrower or the title company and it doesn't list the cash received by or due from the borrower at closing.


Seller Comment (2026-02-18): HUD has been provided
 02/18/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Rate/Term   C B C A     B B   N/A No
226275415             Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___               02/16/2026 No 2 A A A A A A A A B B   NJ Investment Refinance - Rate/Term   C B C A     B B   N/A No
226275416             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower. Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___.   The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .xx.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.		   SitusAMC

SitusAMC		 Reviewer Comment (2026-03-23): Waived at buyers request


Buyer Comment (2026-03-20): Please waive with comp factors


Reviewer Comment (2026-03-16): buyer to review, main asset provided is for another business.  Only document provided for proof of access to funds is a certificate of formation.


Seller Comment (2026-03-05): (redacted)
     03/23/2026 No 2 C B C B C B C B C B   NJ Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275416             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.   The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .xx.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.		   SitusAMC

SitusAMC		 Reviewer Comment (2026-03-23): Waived at buyers request


Buyer Comment (2026-03-20): Please waive with comp factors


Reviewer Comment (2026-03-16): buyer to review, main asset provided is for another business.  Only document provided for proof of access to funds is a certificate of formation.


Seller Comment (2026-03-05): Hi (redacted),
Guarantor (Redacted) is one of the First board of directors of (Redacted)., and he has shown funds ($xxxxxx.xx) from (Redacted) to close this loan --
I have uploaded Certificate of formation to show (Redacted) as one of the First board of directors of (Redacted), and he can access (Redacted). funds --
Can this exception be cleared? --
Total liquidity verified is - $xxxxxx.xx --
$xx,xxx.xx - x months PITIA Collected at closing --
$ xxxx.xx - from (redacted) - (redacted) #xxxx a/c dated xx/xx/xx --
$xxxxxx.xx - from (Redacted)., (Redacted) - (redacted) #xxxx a/c dated xx/xx/xx --
Uploaded, Bank statements --


Seller Comment (2026-03-05): (redacted)


Reviewer Comment (2026-02-18): Borrowing entity is bringing $xxxx.xx to close. Access to funds of (Redacted) not conclusive. Exception remains.


Seller Comment (2026-02-18): Borrower cash out at close - $ x,xxx.xx
x months PITIA reserve - xx,xxx.xx
bank statement OCt xxxx - $ xxx,xxx.xx
(Redacted)'s certificate of formation has been provided
     03/23/2026 No 2 C B C B C B C B C B   NJ Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275416             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2026-02-17): entity formed within x year of the note date, COGS not required


Seller Comment (2026-02-17): Entity formed on xx/xx/xxxx, Note date - xx/xx/xxxx. Entity formed date within x year to the note date, COGS is not required
 02/17/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275416             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Need evidence of access to funds for the Borrower in (Redacted), for the Bank account xxxx The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .xx.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.		   SitusAMC

SitusAMC		 Reviewer Comment (2026-03-23): Waived at buyers request


Buyer Comment (2026-03-20): Please waive with comp factors


Reviewer Comment (2026-03-16): buyer to review, main asset provided is for another business.  Only document provided for proof of access to funds is a certificate of formation.


Seller Comment (2026-03-05): (redacted)


Reviewer Comment (2026-02-18): Please provide a corporate resolution giving the guarantor access to the funds of (Redacted)


Seller Comment (2026-02-18): Borrower cash out at close - $ x,xxx.xx
x months PITIA reserve - xx,xxx.xx
bank statement Oct xxxx - $ xxx,xxx.xx
(Redacted)'s certificate of formation has been provided
     03/23/2026 No 2 C B C B C B C B C B   NJ Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275417             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275418             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   PA Investment Purchase   C A C A     A A   N/A No
226275418             Credit Loan Package Documentation Closing / Title Loan Package Documentation Mising Document: Closing Protection Letter not provided.           Reviewer Comment (2026-02-18): Document Received, Exception Cleared


Seller Comment (2026-02-18): closing protection letter has been provided
 02/18/2026     No 1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
226275418             Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Closing Protection Letter not provided           Reviewer Comment (2026-02-19): Document provided


Seller Comment (2026-02-19): Closing protection letter has been provided
 02/19/2026     No 1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
226275419             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   IL Investment Purchase   A A A A     A A   N/A No
226275421             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275423             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   OH Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275424             Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___               02/16/2026 No 2 A A A A A A A A B B   NY Investment Refinance - Cash-out - Other   B B A A     B B   N/A No
226275425             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275426             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275427             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   RI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275427             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-02-18): additional asset provided


Seller Comment (2026-02-18): Borrower cash out at close  : xx,xxx.x
x months PITIA reserve :xx,xxx.xx
cash to borrower ( previous HUD ) - $xxx,xxx.xx
bank statement oct : $xxxx.xx
 02/18/2026     No 1 C A C A C A C A C A   RI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275428             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   CO Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275429             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   CO Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275430             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   CO Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275431             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Rate/Term   B B A A     B B   N/A No
226275431             Property Appraisal Reconciliation Value Discrepancy Appraisal Reconciliation Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 Note Date:  ___; Lien Position: ___               02/16/2026 No 2 A A A A A A A A B B   NJ Investment Refinance - Rate/Term   B B A A     B B   N/A No
226275432             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275433             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275434             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   VA Investment Purchase   A A A A     A A   N/A No
226275435             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided           Reviewer Comment (2026-02-18): Affidavit regarding LLC provided


Seller Comment (2026-02-18): Operating agreement has been provided
 02/18/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275435             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/16/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275436             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   LA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275436             Credit Guideline Guideline Issue Guideline Borrower has greater than 1x30 mortgage late and not allowable per  guidelines.   Borrower is xxxx days late with (Redacted) actt#xxxx on x/x/xxxx       Reviewer Comment (2026-03-05): Received Letter of Explanation, exception cleared.


Seller Comment (2026-03-05): Uploaded, LOE regarding late payment  of (Redacted) - Mortgage account
 03/05/2026     No 1 C A C A C A C A C A   LA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275437             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/13/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275439             Property Appraisal Reconciliation Appraisal Documentation Appraisal Reconciliation Loan is to be securitized. Appraisal was provided from prior transaction. Lender/Client differs from note. Appraisal is not acceptable. Sec ID: 176 Note Date:  ___; Lien Position: ___ The lender on the appraisal is (Redacted) and the lender on the note is (Redacted).  An appraisal transfer letter was not provided.       Reviewer Comment (2026-03-02): Cleared


Seller Comment (2026-03-02): Appraisal transfer letter has been provided
 03/02/2026     No 1 D A A A D A   A D A   NY Investment Refinance - Cash-out - Other   D A A A     D A   N/A No
226275440             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/19/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275440             Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing.           Reviewer Comment (2026-03-06): Documentation provided. Cleared


Seller Comment (2026-03-06): Insurance document has been provided
 03/06/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275441             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/18/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275441             Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing.           Reviewer Comment (2026-03-09): Received Hazard Insurance, exception cleared.


Seller Comment (2026-03-06): Insurance document has been provided
 03/09/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275441             Credit Credit Credit Eligibility Guideline Public Record Issue: - Per guidelines, All IRS tax liens must be resolved or on payment plan (proof of plan must be provided).       Reviewer Comment (2026-03-23): Waived at buyers request


Buyer Comment (2026-03-20): Please waive as this is an EVx


Reviewer Comment (2026-03-05): buyer to review seller comment


Seller Comment (2026-03-04): Roc can proceed with public debt obligations under Judgements and Tax Liens less than $xx,xxx
     03/23/2026 No 2 B B B B B B B B B B   NJ Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275442             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-02-23): Document Received, Exception Cleared


Seller Comment (2026-02-23): Borrower cash out at close :xx,xxx.xx
x months of PITIA reserve :xx,xxx.xx
bank statement available for Dec xxxx of the borrower (Redacted): $xx,xxx.xx
 02/23/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275442             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   The account is in the name of  (redacted) and is a personal account. Please provide access of funds for this account       Reviewer Comment (2026-03-12): Document provided


Seller Comment (2026-03-12): (redacted)
 03/12/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275443             Credit Credit Credit Eligibility Guideline Public Record Issue: - Per guidelines, all Judgments liens must be paid in full, in a satisfactory status or on a payment plan. Borrower has owned the subject property for at least x years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

The representative FICO score exceeds the guideline minimum by at least xx points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2026-03-27): per client request


Buyer Comment (2026-03-26): Please waive, there are enough assets and reserves on record to cover/resolve the liens


Reviewer Comment (2026-03-13): Buyer to review


Seller Comment (2026-03-13): Roc can proceed, on outstanding public debt obligations under Judgements and Tax Liens which are less than $xx,xxx.xx
     03/27/2026 No 2 B B B B B B B B B B   NY Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
226275444             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of good standing dated within xx days of Note date for (Redacted). LLC is required and not provided. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .xx.

The representative FICO score exceeds the guideline minimum by at least xx points.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2026-03-25): per client request


Buyer Comment (2026-03-24): Please waive, COGS shows in good standing


Seller Comment (2026-03-12): Hi (redacted),
Uploaded Certificate of good standing with post close date. Can we please have this exception cleared?


Reviewer Comment (2026-03-09): Provided Certificate of Good Standing is post close, exception remains.


Seller Comment (2026-03-06): Uploaded, COGS for (redacted) LLC.


Reviewer Comment (2026-02-25): Certificate of Good Standing dated within xx days of Note date for (redacted) LLC is required as it is a sub-entity of borrowing entity and not provided, exception remains.


Seller Comment (2026-02-25): Borrowing entity is (redacted), LLC per Promissory Note.
Uploaded Certificate of good standing for the same.
     03/25/2026 No 2 C B C B C B C B C B   CT Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
226275444             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided   Missing guarantee agreement for borrower  (redacted) as he owns xx% in the entity.       Reviewer Comment (2026-03-24): Document Received, Exception Cleared


Seller Comment (2026-03-24): Uploaded, Guaranty for (redacted).


Reviewer Comment (2026-03-02): buyer to review, the borrowing entity (redacted)s is xxx% owned by (redacted) which is xx% owned by (redacted).


Seller Comment (2026-03-02): Since borrower (redacted) is a non-guarantor, Guarantee agreement is not required
 03/24/2026     No 1 D A D A D A D A D A   CT Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
226275444             Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -         Reviewer Comment (2026-02-24): ofac provided


Seller Comment (2026-02-24): OFAC (Redacted) has been provided
 02/24/2026     No 1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
226275444             Credit Insurance Insurance Documentation Insurance Insurance Policy Expiration Date is less than 30 days of the Note Date and does not have automatic renewal.           Reviewer Comment (2026-03-04): Document Received, Exception Cleared


Seller Comment (2026-03-04): Uploaded, Expiring and Renewing terms.
 03/04/2026     No 1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
226275444             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/20/2026 No 1 A A A A A A A A A A   CT Investment Refinance - Cash-out - Other   D B D B     A A   N/A No
226275445             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/19/2026 No 1 A A A A A A A A A A   GA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275445             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Florida certificate of good standing dated within xx days of Note date is required. Document provided is dated xx/xx/xx.       Reviewer Comment (2026-03-13): Document Received, Exception Cleared


Seller Comment (2026-03-13): Uploaded, COGS with the Business status as: Active / Compliance.
 03/13/2026     No 1 C A C A C A C A C A   GA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275446             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/18/2026 No 1 A A A A A A A A A A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275446             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.         Reviewer Comment (2026-03-05): x months PITI collected at closing.


Seller Comment (2026-03-04): Hi, Did we add x months PITIA colletced at closing (HUD)?
Uploaded HUD.
 03/05/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275447             Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage amount of $xxx,xxx is insufficient to cover the estimated cost new of $xxx,xxx from appraisal. Replacement cost estimate from insurer was not provided.       Reviewer Comment (2026-03-09): Received Replacement Cost Estimator, exception cleared.


Seller Comment (2026-03-06): Uploaded, Updated Replacement cost estimator.


Reviewer Comment (2026-03-03): Address on the Replacement cost estimator is xFxx South view Ave, However we require Replacement cost estimator of subject property (xxxx (Redacted)), Exception Remains


Seller Comment (2026-03-02): Uploaded, Replacement cost estimator.
 03/09/2026     No 1 C A C A C A C A C A   IL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275447             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/19/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275448             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/20/2026 No 1 A A A A A A A A A A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275448             Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.           Reviewer Comment (2026-03-05): dec page provided with fair rental value


Seller Comment (2026-03-04): Uploaded, Insurance.
 03/05/2026     No 1 C A C A C A C A C A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275449             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/20/2026 No 1 A A A A A A A A A A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275449             Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   Borrower affidavit in file shows guarantor is a legal permanent resident. A copy of the guarantors permanent resident cards is required and not provided.       Reviewer Comment (2026-03-04): Document confirms PR status


Seller Comment (2026-03-04): Guarantor's permanent resident card has been provided
 03/04/2026     No 1 C A C A C A C A C A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275450             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/19/2026 No 1 A A A A A A A A A A   KS Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275450             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of good standing dated within xx days of Note date is required. Certificate provided is dated x/xx/xxxx which is greater than xx days.       Reviewer Comment (2026-03-13): Document Received, Exception Cleared


Seller Comment (2026-03-13): Uploaded, COGS (with status - Active and in Good standng) & Forfeiture date is - xx/xx/xxxx
 03/13/2026     No 1 C A C A C A C A C A   KS Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275451             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-03-19): Received document hence, exception cleared


Seller Comment (2026-03-18): Uploaded, EMD proof.


Reviewer Comment (2026-03-17): Proof of funds holding in the xxxx exchange account or the Wire Confirmation/Payment Receipt is required to source the reserves, exception remains.


Seller Comment (2026-03-16): Uploaded, EMD proof.


Reviewer Comment (2026-02-27): Assets verified $xx,xxx.xx and $xxx,xxx.xx bank statement.  Borrower needs $xxx,xxx.xx for closing, $xx,xxx.xx in reserves and verification of the $xxx,xxx.xx Deposit or EMD (The EMD has not been verified.)


Seller Comment (2026-02-26): x months of PITIA reserve : $ xx,xxx.xx
Bank statement Dec xxxx : $ xxx,xxx.xx


Reviewer Comment (2026-02-24): borrower did not receive $xxxk at closing, they paid $xxx,xxx.xx at closing.


Seller Comment (2026-02-23): Borrower cash out at close : $xxx,xxx.xx
x months of PITIA reserve : $ xx,xxx.xx
Bank statement available for dec xxxx : $xxx,xxx.xx
 03/19/2026     No 1 C A C A C A C A C A   MA Investment Purchase   C A C A     A A   N/A No
226275451             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2026-02-24): statement with $xxxk provided
 02/24/2026     No 1 C A C A C A C A C A   MA Investment Purchase   C A C A     A A   N/A No
226275452             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided           Reviewer Comment (2026-03-13): Document Received, Exception Cleared


Seller Comment (2026-03-13): Uploaded, Formation document.


Reviewer Comment (2026-03-09): Provided document is incomplete and required all the pages of Articles of Organization with State ID, Formation Date, Business Address, Registered Agent Name, etc., exception remains.


Seller Comment (2026-03-06): Uploaded, Article of organization.
 03/13/2026     No 1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275452             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2026-03-13): Document Received, Exception Cleared


Seller Comment (2026-03-13): Uploaded, COGS with Business status "Active"
 03/13/2026     No 1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275452             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided           Reviewer Comment (2026-03-27): EIN document received, Exception cleared


Seller Comment (2026-03-27): Uploaded, EIN.
 03/27/2026     No 1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275452             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/20/2026 No 1 A A A A A A A A A A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275453             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/19/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275453             Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Dwelling coverage of $xxx,xxx is less than the loan amount of $xxx,xxx and the estimated cost new of $xxx,xxx.  A replacement cost estimate was not provided.       Reviewer Comment (2026-03-05): RCE provided


Seller Comment (2026-03-05): Insurance doc has been provided
 03/05/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275454             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/20/2026 No 1 A A A A A A A A A A   CO Investment Purchase   C A C A     A A   N/A No
226275454             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2026-03-24): Received Bank statements, exception cleared.


Seller Comment (2026-03-23): Assets verified $xxx,xxx.xx from Bank statements --
Verified $x,xxx.xx (x Months PITIA Collected at closing) --
Verified - $xx,xxx.xx - Cash out from another closing, Uploading HUD and Operating agreement to verify ownership


Reviewer Comment (2026-02-26): Bank statements with Fidelity accounts are provided with first page only and require statements with ALL pages evidencing at least one-month consecutive activity, exception remains.


Seller Comment (2026-02-26): Total liquidity verified = $xxxxxx.xx. --
This can cover both x moths PITIA and Cash to close from Borrower. --
$xxx,xxx - Fidelity - Nov to Jan - Acct# xxxx - $xxxK (Retirement account), uploaded Bank statements --
$xx,xxx.xx - Borrower has closed another Cash out with us, uploaded HUD & Operating agreement to verify ownership--
$xxxx.xxxx - We have collected x months PITIA at closing, uploaded HUD. --
 03/24/2026     No 1 C A C A C A C A C A   CO Investment Purchase   C A C A     A A   N/A No
226275454             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-03-24): (redacted)


Seller Comment (2026-03-23): (redacted)


Reviewer Comment (2026-02-26): (redacted)


Seller Comment (2026-02-26): (redacted)
 03/24/2026     No 1 C A C A C A C A C A   CO Investment Purchase   C A C A     A A   N/A No
226275454             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided           Reviewer Comment (2026-03-09): Received Operating Agreement, exception cleared.


Seller Comment (2026-03-06): (redacted)


Reviewer Comment (2026-02-26): Evidence of Access to Funds is required for (redacted) account in the name of (redacted) to source the ownership of borrower in the Non-borrowing entity account, exception remains.


Seller Comment (2026-02-26): (redacted)
 03/09/2026     No 1 C A C A C A C A C A   CO Investment Purchase   C A C A     A A   N/A No
226275454             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided           Reviewer Comment (2026-03-09): Received Operating Agreement, exception cleared.


Seller Comment (2026-03-06): (redacted)


Reviewer Comment (2026-02-26): Evidence of Access to Funds is required for (redacted) account in the name of (redacted) to source the ownership of borrower in the Non-borrowing entity account, exception remains.


Seller Comment (2026-02-26): (redacted)
 03/09/2026     No 1 C A C A C A C A C A   CO Investment Purchase   C A C A     A A   N/A No
226275455             Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.           Reviewer Comment (2026-03-04): Document Received, Exception Cleared


Seller Comment (2026-03-04): Uploaded, RCE.
 03/04/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275455             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-02-25): Document Received, Exception Cleared


Seller Comment (2026-02-25): Borrower cash out at close : $xxx.xx
x months of PITIA reserve : x,xxx.xx
Bank statement available for dec xxxx : $ xx,xxx.xx
 02/25/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275455             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided           Reviewer Comment (2026-02-25): Document Received, Exception Cleared


Seller Comment (2026-02-25): Borrower cash out at close : $xxx.xx
x months of PITIA reserve : x,xxx.xx
Bank statement available for dec xxxx : $ xx,xxx.xx
 02/25/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275456             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Operating agreement for (Redacted) required to show access to funds.       Reviewer Comment (2026-02-25): Document Received, Exception Cleared


Seller Comment (2026-02-25): Borrower cash out at close : $x,xxx.xx
x months of PITIA reserve : $x,xxx.xx
Bank statement Dec xxxx :$xx,xxx.xx
 02/25/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275456             Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage shortfall of $xx,xxx. Coverage amount of $xxx,xxx is less than Estimated cost new of $xxx,xxx. Replacement cost estimate was not provided.       Reviewer Comment (2026-03-04): Document Received, Exception Cleared


Seller Comment (2026-03-04): Uploaded, RCE.
 03/04/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275457             Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.           Reviewer Comment (2026-03-04): Document Received, Exception Cleared


Seller Comment (2026-03-04): Uploaded, RCE.
 03/04/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275458             Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.           Reviewer Comment (2026-03-04): Document Received, Exception Cleared


Seller Comment (2026-03-04): Uploaded, RCE.
 03/04/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275458             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided           Reviewer Comment (2026-02-26): Document provided


Seller Comment (2026-02-26): Evidence of Access to Funds has been provided
 02/26/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275458             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-02-25): Document Received, Exception Cleared


Seller Comment (2026-02-25): Borrower cash out at close : $x,xxx.xx
x months of PITIA reserve : $x,xxx.x
Bank statement Dec xxxx :$xx,xxx.xx
 02/25/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275459             Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Dwelling coverage of $xxx,xxx is less than the loan amount of $xxx,xxx and the estimated cost new of $xxx,xxx and a replacement cost estimate was not provided.       Reviewer Comment (2026-03-04): Document Received, Exception Cleared


Seller Comment (2026-03-04): Uploaded, RCE.
 03/04/2026     No 1 C A C A C A C A C A   VA Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275459             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/20/2026 No 1 A A A A A A A A A A   VA Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275460             Credit Credit Credit Calculation / Analysis Guideline Guideline Requirement: Representative FICO score discrepancy. Representative FICO score of ___ is less than Guideline representative FICO score of ___.   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.		   SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2026-03-23): per client request


Buyer Comment (2026-03-20): Please waive, the credit score is within SLC credit box


Seller Comment (2026-02-25): Hi (redacted),
Can you please clear this exception, considering the compensating factors | Low LTV - xx.xx% and DSCR x.xx.
     03/23/2026 No 2 C B C B C B C B C B   NY Investment Purchase   C B C B     A A   N/A No
226275461             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/20/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275461             Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided           Reviewer Comment (2026-03-05): provided


Seller Comment (2026-03-05): Binder has been provided
 03/05/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275461             Credit Guideline Guideline Issue Guideline Hazard Insurance Coverage Amount is insufficient per guidelines. Original Loan Amount: ___; Estimated Cost New: ___; Lender Documented Insured Value: ___ Dwelling coverage of $xxx,xxx is less than the loan amount of $xxx,xxx and the estimated cost new of $xxx,xxx.  A replacement cost estimate was not provided.       Reviewer Comment (2026-03-09): Documentation provided. Cleared


Seller Comment (2026-03-06): Uploaded, Binders for Building x & Building x
Building x Coverage amount - $xxxK
Building x Coverage amount - $xxxK
 03/09/2026     No 1   A   A   A   A   A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275462             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/19/2026 No 1 A A A A A A A A A A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275462             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   The OA provided is not executed       Reviewer Comment (2026-02-24): provided


Seller Comment (2026-02-24): Executed Operating agreement has been provided
 02/24/2026     No 1 C A C A C A C A C A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275462             Credit Loan Eligibility Guideline Issue Loan Eligibility Borrower has one or more mortgage lates, which is not allowed per  guidelines.   Guidelines require a xxxx in the last xx months for mortgage lates. Credit reflects late mortgage payment on x/xxxx for (Redacted). Letter of explanation was not provided in file.       Reviewer Comment (2026-03-11): Received Letter of Explanation, exception cleared.


Seller Comment (2026-03-10): Uploaded, Letter of explanation.
 03/11/2026     No 1 C A C A C A C A C A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275463             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               02/20/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275463             Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. The initial appraisaldated x/xx/xx had a value of $xxx,xxx.  An appraisal update was done xx/xx/xx and the value declined to $xxx,xxx.  Guidelines require that properties in a declining market reduce the Max LTV by x%. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

The representative FICO score exceeds the guideline minimum by at least xx points.		   SitusAMC

SitusAMC		 Reviewer Comment (2026-03-04): per client request


Buyer Comment (2026-03-03): Please waive using comp factors (reserves and credit score)
     03/04/2026 No 2 C B C B C B C B C B   IL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275463             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Missing an Operating Agreement for (redacted)to verify access to funds.       Reviewer Comment (2026-02-25): Received Certificate of Good Standing, exception cleared.


Seller Comment (2026-02-25): $xxxxx.xxx - Cash-Out Refinance will allow for xx% of the cash back to the borrower to be used as liquidity --
$x,xxx.xx - Payments reserves (PITIA) collected on the HUD can be used towards liquidity requirements  | HUD uploaded --
$xxx,xxx.xx - (redacted) - Ownership verification document uploaded | Bank statements uploaded --
 02/25/2026     No 1 C A C A C A C A C A   IL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275464             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-03-17): Custodial docs provided.


Seller Comment (2026-03-04): (redacted)
 03/17/2026     No 1 A A A A A A A A A A   TN Investment Purchase   B B B B     A A   N/A No
226275464             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-17): Custodial docs provided.
 03/17/2026     No 1 A A A A A A A A A A   TN Investment Purchase   B B B B     A A   N/A No
226275464             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-17): Custodial docs provided.
 03/17/2026     No 1 A A A A A A A A A A   TN Investment Purchase   B B B B     A A   N/A No
226275464             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-17): Custodial docs provided.
 03/17/2026     No 1 A A A A A A A A A A   TN Investment Purchase   B B B B     A A   N/A No
226275464             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               03/04/2026 No 1 A A A A A A A A A A   TN Investment Purchase   B B B B     A A   N/A No
226275464             Credit Credit Miscellaneous Credit Miscellaneous Credit (Non-Material):   Discrepancy in Original Interest Rate:  x.xxx% vs x.xxx%       Reviewer Comment (2026-03-04): Waived at buyers request
     03/04/2026 No 2 B B B B B B B B B B   TN Investment Purchase   B B B B     A A   N/A No
226275466             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-03-17): Custodial docs provided.


Seller Comment (2026-03-04): (redacted)
 03/17/2026     No 1 A A A A A A A A A A   TN Investment Purchase   B B B B     A A   N/A No
226275466             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-17): Custodial docs provided.
 03/17/2026     No 1 A A A A A A A A A A   TN Investment Purchase   B B B B     A A   N/A No
226275466             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-17): Custodial docs provided.
 03/17/2026     No 1 A A A A A A A A A A   TN Investment Purchase   B B B B     A A   N/A No
226275466             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-17): Custodial docs provided.
 03/17/2026     No 1 A A A A A A A A A A   TN Investment Purchase   B B B B     A A   N/A No
226275466             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               03/04/2026 No 1 A A A A A A A A A A   TN Investment Purchase   B B B B     A A   N/A No
226275466             Credit Credit Miscellaneous Credit Miscellaneous Credit (Non-Material):   There are data compare discrepancies for DSCR x.xx vs x.xx       Reviewer Comment (2026-03-05): Waived at buyers request


Buyer Comment (2026-03-04): (redacted)
     03/05/2026 No 2 B B B B B B B B B B   TN Investment Purchase   B B B B     A A   N/A No
226275468             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-03-17): Custodial docs provided.


Buyer Comment (2026-03-12): Comment from (redacted) ((redacted)): Fedex # xxxxxxxxxxxx
 03/17/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275468             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-17): Custodial docs provided.


Buyer Comment (2026-03-12): Comment from (redacted) ((redacted)): Fedex # xxxxxxxxxxxx
 03/17/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275468             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-17): Custodial docs provided.


Buyer Comment (2026-03-12): Comment from (redacted) ((redacted)): Fedex # xxxxxxxxxxxx
 03/17/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275468             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-03-17): Custodial docs provided.


Buyer Comment (2026-03-12): Comment from (redacted) ((redacted)): Fedex # xxxxxxxxxxxx
 03/17/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275468             Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Evidence of Access missing for the Business Entity - xxx (Redacted)       Reviewer Comment (2026-03-16): Received Operating Agreement, exception cleared.


Seller Comment (2026-03-16): Comment from (redacted) ((redacted)): Please see attached.
 03/16/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275468             Credit Credit Miscellaneous Credit Miscellaneous Credit (Non-Material):   There are data compare discrepancies for LTV xx.xx vs xx.xx       Reviewer Comment (2026-03-12): Waived at Buyers request
     03/12/2026 No 2 B B B B B B B B B B   NY Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275468             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Missing evidence of access to funds for transactions with other entities       Reviewer Comment (2026-03-16): Received Operating Agreement, exception cleared.


Seller Comment (2026-03-16): Comment from (redacted) ((redacted)): The reserves are coming from the simultaneous refi. Please see attached settlement statement.
 03/16/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275469             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-08): Collateral docs received.
 04/08/2026     No 1 A A A A A A A A A A   WI Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275469             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-08): Collateral docs received.
 04/08/2026     No 1 A A A A A A A A A A   WI Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275469             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-08): Collateral docs received.
 04/08/2026     No 1 A A A A A A A A A A   WI Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275469             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-08): Collateral docs received.
 04/08/2026     No 1 A A A A A A A A A A   WI Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275469             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               03/13/2026 No 1 A A A A A A A A A A   WI Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275469             Credit Credit Miscellaneous Credit Miscellaneous Credit (Non-Material):   There are data compare discrepancies for DSCR x.xx vs x.xx, LTV xx% vs xx.xx%, Loan amount $xxx,xxx vs $xxx,xxx, and interest rate x.xxx% vs x%       Reviewer Comment (2026-03-13): per client request
     03/13/2026 No 2 B B B B B B B B B B   WI Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275470             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-08): Comment from (redacted) (redacted) ((redacted)): Acknowledged - cleared
 04/30/2026     No 1 A A A A A A A A A A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275470             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-08): Comment from (redacted) (redacted) ((redacted)): Cleared - Duplicate
 04/30/2026     No 1 A A A A A A A A A A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275470             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-08): Comment from (redacted) (redacted) ((redacted)): Cleared - Duplicate
 04/30/2026     No 1 A A A A A A A A A A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275470             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-08): Comment from (redacted) (redacted) ((redacted)): Cleared - Duplicate
 04/30/2026     No 1 A A A A A A A A A A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275470             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               03/20/2026 No 1 A A A A A A A A A A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275470             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2026-03-24): Received Certificate of Good Standing, exception cleared.


Seller Comment (2026-03-23): Comment from (redacted) (ROCxxx): Uplaoded, COGS.
 03/24/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275470             Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Approval not provided   Loan approval is missing from the loan file       Reviewer Comment (2026-03-26): Received Term Sheet, exception cleared.


Seller Comment (2026-03-25): Comment from (redacted) (ROCxxx): Uploaded, Term sheet.
 03/26/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275471             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-08): Collateral docs received.
 04/08/2026     No 1 A A A A A A A A A A   NY Investment Purchase   C A C A     A A   N/A No
226275471             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-08): Collateral docs received.
 04/08/2026     No 1 A A A A A A A A A A   NY Investment Purchase   C A C A     A A   N/A No
226275471             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-08): Collateral docs received.
 04/08/2026     No 1 A A A A A A A A A A   NY Investment Purchase   C A C A     A A   N/A No
226275471             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-08): Collateral docs received.
 04/08/2026     No 1 A A A A A A A A A A   NY Investment Purchase   C A C A     A A   N/A No
226275471             Credit Credit Miscellaneous Guideline Credit Exception:   Missing appraisal transfer letter       Reviewer Comment (2026-03-27): Document provided. Cleared


Seller Comment (2026-03-26): Comment from (redacted) (ROCxxx): Uploaded, Appraisal transfer letter
 03/27/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A     A A   N/A No
226275472             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-07): Collateral docs provided.


Seller Comment (2026-03-25): Comment from (redacted) ((redacted)): See attached collateral package with tracking #
 04/07/2026     No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275472             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-07): Collateral docs provided.


Buyer Comment (2026-03-25): Comment from (redacted) ((redacted)): See attached collateral package with tracking #
 04/07/2026     No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275472             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-07): Collateral docs provided.


Buyer Comment (2026-03-25): Comment from (redacted) ((redacted)): See attached collateral package with tracking #
 04/07/2026     No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275472             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-07): Collateral docs provided.


Buyer Comment (2026-03-25): Comment from (redacted) ((redacted)): See attached collateral package with tracking #
 04/07/2026     No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275472             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               03/24/2026 No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275473             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   MI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275473             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   MI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275473             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   MI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275473             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   MI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275473             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               03/26/2026 No 1 A A A A A A A A A A   MI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275473             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-03-26): Received Bank statement, exception cleared.


Seller Comment (2026-03-26): Comment from (redacted) ((redacted)LLC): Bank statements attached and IRA
 03/26/2026     No 1 C A C A C A C A C A   MI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275473             Credit System General Appraisal Reconciliation Valuation address does not match Note address. - The note and the security instrument both have the incorrect zip code xxxxx.  The correct zip code is xxxxx.       Reviewer Comment (2026-04-28): corrected docs provided


Seller Comment (2026-04-27): Comment from (redacted) ((redacted)LLC): Please see corrected docs attached
 04/28/2026     No 1 C A C A C A C A C A   MI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275474             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-14): Collateral docs provided.
 04/14/2026     No 1 A A A A A A A A A A   OH Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275474             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-14): Collateral docs provided.
 04/14/2026     No 1 A A A A A A A A A A   OH Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275474             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-14): Collateral docs provided.
 04/14/2026     No 1 A A A A A A A A A A   OH Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275474             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-14): Collateral docs provided.
 04/14/2026     No 1 A A A A A A A A A A   OH Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275474             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               03/31/2026 No 1 A A A A A A A A A A   OH Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275475             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275475             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275475             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275475             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275475             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-04-02): Received HUD-x, exception cleared.


Seller Comment (2026-04-02): Comment from (redacted) (ROCxxx): Borrower got funds $x,xxx,xxx.xx from another Cash out loan with us / Roc. Uploaded, its HUD and Operating agreement to verify ownership.
 04/02/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275476             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-23): Collateral docs provided.
 04/23/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275476             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-23): Collateral docs provided.
 04/23/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275476             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-23): Collateral docs provided.
 04/23/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275476             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-29): Per (redacted), collateral docs have been provided.


Buyer Comment (2026-04-27): Comment from (redacted) ADMIN ((redacted)): Cleared - CLEARED - Security Instrument not yet reviewed or approved by custodian.
 04/29/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275476             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-04-02): Received HUD-x, exception cleared.


Seller Comment (2026-04-02): Comment from (redacted) (ROCxxx): Borrower got funds $x,xxx,xxx.xx from another Cash out loan with us / Roc.
Uploaded, its HUD and Operating agreement to verify ownership.
 04/02/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275477             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-23): Collateral docs provided.
 04/23/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275477             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-23): Collateral docs provided.
 04/23/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275477             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-23): Collateral docs provided.
 04/23/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275477             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-29): Per (redacted), collateral docs have been provided.


Buyer Comment (2026-04-27): Comment from (redacted) ADMIN ((redacted)): Cleared - CLEARED - Security Instrument not yet reviewed or approved by custodian.
 04/29/2026     No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275477             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-04-02): Received HUD-x, exception cleared.


Seller Comment (2026-04-02): Comment from (redacted) (ROCxxx): Borrower got funds $x,xxx,xxx.xx from another Cash out loan with us / Roc. Uploaded, its HUD and Operating agreement to verify ownership.
 04/02/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275477             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing dated within xx days of Note date is required and not provided.       Reviewer Comment (2026-04-02): Received Business Entity Listing, exception cleared.


Seller Comment (2026-04-02): Comment from (redacted) (ROCxxx): Uploaded, COGS and Entity status is Active.
 04/02/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275478             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-22): Collateral docs provided.
 04/22/2026     No 1 A A A A A A A A A A   LA Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275478             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): Collateral docs provided.
 04/22/2026     No 1 A A A A A A A A A A   LA Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275478             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): Collateral docs provided.
 04/22/2026     No 1 A A A A A A A A A A   LA Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275478             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): Collateral docs provided.
 04/22/2026     No 1 A A A A A A A A A A   LA Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275478             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided           Reviewer Comment (2026-04-01): Received Articles of Organization, exception cleared.


Seller Comment (2026-04-01): Comment from (redacted) (ROCxxx): Uploaded, Articles of Formation & COGS
 04/01/2026     No 1 C A C A C A C A C A   LA Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275478             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/01/2026 No 1 A A A A A A A A A A   LA Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275479             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-22): Collateral docs provided.
 04/22/2026     No 1 A A A A A A A A A A   IN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275479             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): Collateral docs provided.
 04/22/2026     No 1 A A A A A A A A A A   IN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275479             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): Collateral docs provided.
 04/22/2026     No 1 A A A A A A A A A A   IN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275479             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): Collateral docs provided.
 04/22/2026     No 1 A A A A A A A A A A   IN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275479             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/03/2026 No 1 A A A A A A A A A A   IN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275480             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-22): Collateral docs provided
 04/22/2026     No 1 A A A A A A A A A A   GA Investment Purchase   D A D A     A A   N/A No
226275480             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): Collateral docs provided
 04/22/2026     No 1 A A A A A A A A A A   GA Investment Purchase   D A D A     A A   N/A No
226275480             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): Collateral docs provided
 04/22/2026     No 1 A A A A A A A A A A   GA Investment Purchase   D A D A     A A   N/A No
226275480             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): Collateral docs provided
 04/22/2026     No 1 A A A A A A A A A A   GA Investment Purchase   D A D A     A A   N/A No
226275480             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/03/2026 No 1 A A A A A A A A A A   GA Investment Purchase   D A D A     A A   N/A No
226275480             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided           Reviewer Comment (2026-04-07): Driver's License received, Exception cleared


Seller Comment (2026-04-07): Comment from (redacted) ((redacted)LLC): ID uploaded


Reviewer Comment (2026-04-06): Driver's License to verify identity of Guarantor is required, exception remains.


Buyer Comment (2026-04-06): Comment from (redacted) ((redacted)LLC): Please advise what is needed here
 04/07/2026     No 1 C A C A C A C A C A   GA Investment Purchase   D A D A     A A   N/A No
226275480             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided           Reviewer Comment (2026-04-06): Received Purchase Agreement hence, exception cleared


Seller Comment (2026-04-06): Comment from (redacted) ((redacted)LLC): PA UPLOADED
 04/06/2026     No 1 D A D A D A D A D A   GA Investment Purchase   D A D A     A A   N/A No
226275481             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-23): Collateral docs provided.
 04/23/2026     No 1 A A A A A A A A A A   IN Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275481             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-23): Collateral docs provided.
 04/23/2026     No 1 A A A A A A A A A A   IN Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275481             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-23): Collateral docs provided.
 04/23/2026     No 1 A A A A A A A A A A   IN Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275481             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-29): Per (redacted), collateral docs have been provided.


Buyer Comment (2026-04-27): Comment from (redacted) ADMIN ((redacted)): Cleared - CLEARED - Title Policy not yet reviewed or approved by custodian.
 04/29/2026     No 1 A A A A A A A A A A   IN Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275481             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/07/2026 No 1 A A A A A A A A A A   IN Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275481             Credit Insurance Insurance Documentation Insurance Flood Insurance Error: Insurance premium was not provided.   Final DSCR will be calculated upon receipt of the flood insurance premium.       Reviewer Comment (2026-04-29): Received document hence, exception cleared


Seller Comment (2026-04-28): Comment from (redacted) (ROCxxx): Uploaded, Flood insurance paid receipt.
 04/29/2026     No 1 C A C A C A C A C A   IN Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275482             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-20): Collateral docs provided.


Buyer Comment (2026-04-09): Comment from (redacted) ((redacted)): Collateral delivered x/x. tracking # xxxxxxxxxxxx
 04/20/2026     No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275482             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-20): Collateral docs provided.


Buyer Comment (2026-04-09): Comment from (redacted) ((redacted)): Collateral delivered x/x. tracking # xxxxxxxxxxxx
 04/20/2026     No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275482             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-20): Collateral docs provided.


Buyer Comment (2026-04-09): Comment from (redacted) ((redacted)): Collateral delivered x/x. tracking # xxxxxxxxxxxx
 04/20/2026     No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275482             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-20): Collateral docs provided.


Buyer Comment (2026-04-09): Comment from (redacted) ((redacted)): Collateral delivered x/x. tracking # xxxxxxxxxxxx
 04/20/2026     No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275482             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Background Check not provided           Reviewer Comment (2026-04-10): fraud report provided


Seller Comment (2026-04-10): Comment from (redacted) ((redacted)): See attached


Reviewer Comment (2026-04-09): We are unable to locate the document in the loan file. Please resubmit


Buyer Comment (2026-04-09): Comment from (redacted) ((redacted)): Fraud Report was uploaded on the initial condition,
 04/10/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275482             Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided           Reviewer Comment (2026-04-10): fraud report provided


Seller Comment (2026-04-10): Comment from (redacted) ((redacted)): see attached


Reviewer Comment (2026-04-09): We are unable to locate the document in the loan file. Please resubmit


Buyer Comment (2026-04-09): Comment from (redacted) ((redacted)): Fraud Report was uploaded on the initial condition,
 04/10/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275482             Credit Credit Credit Documentation Credit Missing Document: OFAC not provided           Reviewer Comment (2026-04-10): OFAC provided


Seller Comment (2026-04-10): Comment from (redacted) ((redacted)): See attached, same condition was posted on xx/x


Reviewer Comment (2026-04-09): We are unable to locate the document in the loan file. Please resubmit


Buyer Comment (2026-04-09): Comment from (redacted) ((redacted)): Fraud Report was uploaded on the initial condition,   OFAC is part of Fraud report
 04/10/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275482             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/08/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275483             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275483             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275483             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275483             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275483             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-04-13): Waived at buyers request
     04/13/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275483             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/13/2026 No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275483             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-04-22): Received Bank statement, exception cleared.


Seller Comment (2026-04-22): Comment from (redacted) ((redacted) LLC): Uploaded additional bank statement/account showing additional funds that were available at closing for review


Reviewer Comment (2026-04-15): The closing statement provided shows a total of $xxx,xxx.xx in total fees and payoffs and the loan amount is $xxx,xxx.xx.  The borrower brought $xx,xxx.xx to closing.


Buyer Comment (2026-04-14): Comment from (redacted) ((redacted) LLC): Borrower received Credit of $xx,xxx.xx on Final HUD which increases their bank balance covering x months of PITIA reserves. Your calculations are showing the borrower was debited $xx,xxx.xx at closing. Please re-review and clear
 04/22/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275484             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-22): Collateral docs provided.
 04/22/2026     No 1 A A A A A A A A A A   IL Investment Purchase   A A A A     A A   N/A No
226275484             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): Collateral docs provided.
 04/22/2026     No 1 A A A A A A A A A A   IL Investment Purchase   A A A A     A A   N/A No
226275484             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): Collateral docs provided.
 04/22/2026     No 1 A A A A A A A A A A   IL Investment Purchase   A A A A     A A   N/A No
226275484             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-22): Collateral docs provided.
 04/22/2026     No 1 A A A A A A A A A A   IL Investment Purchase   A A A A     A A   N/A No
226275484             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/14/2026 No 1 A A A A A A A A A A   IL Investment Purchase   A A A A     A A   N/A No
226275485             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-29): Per (redacted), collateral docs have been provided.


Buyer Comment (2026-04-27): Comment from (redacted) ADMIN ((redacted)): Cleared - CLEARED - Title Policy not yet reviewed or approved by custodian.
 04/29/2026     No 1 A A A A A A A A A A   CO Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275485             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-29): Per (redacted), collateral docs have been provided.


Buyer Comment (2026-04-27): Comment from (redacted) ADMIN ((redacted)): Cleared - Clear - Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.
 04/29/2026     No 1 A A A A A A A A A A   CO Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275485             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-29): Per (redacted), collateral docs have been provided.


Buyer Comment (2026-04-27): Comment from (redacted) ADMIN ((redacted)): Cleared - Clear - Note Allonge not yet reviewed or approved by custodian.
 04/29/2026     No 1 A A A A A A A A A A   CO Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275485             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-29): Per (redacted), collateral docs have been provided.


Buyer Comment (2026-04-27): Comment from (redacted) ADMIN ((redacted)): Cleared - Clear - Security Instrument not yet reviewed or approved by custodian.
 04/29/2026     No 1 A A A A A A A A A A   CO Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275485             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/17/2026 No 1 A A A A A A A A A A   CO Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275485             Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.         Reviewer Comment (2026-04-17): Waived at buyers request
     04/17/2026 No 2 B B B B B B B B B B   CO Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275486             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-05-07): Collateral docs provided.
 05/07/2026     No 1 A A A A A A A A A A   MA Investment Purchase   A A A A     A A   N/A No
226275486             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-05-07): Collateral docs provided.
 05/07/2026     No 1 A A A A A A A A A A   MA Investment Purchase   A A A A     A A   N/A No
226275486             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-05-07): Collateral docs provided.
 05/07/2026     No 1 A A A A A A A A A A   MA Investment Purchase   A A A A     A A   N/A No
226275486             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-05-07): Collateral docs provided.
 05/07/2026     No 1 A A A A A A A A A A   MA Investment Purchase   A A A A     A A   N/A No
226275486             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/07/2026 No 1 A A A A A A A A A A   MA Investment Purchase   A A A A     A A   N/A No
226275487             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-22): Comment from (redacted) ((redacted)): Fedex # xxxx xxxx xxxx
 04/30/2026     No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275487             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-22): Comment from (redacted) ((redacted)): Fedex # xxxx xxxx xxxx
 04/30/2026     No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275487             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-22): Comment from (redacted) ((redacted)): Fedex # xxxx xxxx xxxx
 04/30/2026     No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275487             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.


Buyer Comment (2026-04-22): Comment from (redacted) ((redacted)): Fedex # xxxx xxxx xxxx
 04/30/2026     No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275487             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/22/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275488             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   OK Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275488             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   OK Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275488             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   OK Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275488             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   OK Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275488             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/23/2026 No 1 A A A A A A A A A A   OK Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275488             Credit Credit Miscellaneous Guideline Credit Exception:   Missing appraisal transfer letter. Transfer letter from (redacted)       Reviewer Comment (2026-04-24): provided


Seller Comment (2026-04-23): Comment from (redacted) ((redacted)LLC): Uploaded
 04/24/2026     No 1 C A C A C A C A C A   OK Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275489             Credit Collateral Missing/Incorrect Collateral Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   TX Investment Purchase   A A A A     A A   N/A No
226275489             Credit Collateral Missing/Incorrect Collateral Note Allonge not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   TX Investment Purchase   A A A A     A A   N/A No
226275489             Credit Collateral Missing/Incorrect Collateral Security Instrument not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   TX Investment Purchase   A A A A     A A   N/A No
226275489             Credit Collateral Missing/Incorrect Collateral Title Policy not yet reviewed or approved by custodian.           Reviewer Comment (2026-04-30): Collateral docs provided.
 04/30/2026     No 1 A A A A A A A A A A   TX Investment Purchase   A A A A     A A   N/A No
226275489             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/24/2026 No 1 A A A A A A A A A A   TX Investment Purchase   A A A A     A A   N/A No
226275490             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/28/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275491             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/29/2026 No 1 A A A A A A A A A A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275491             Credit Guideline Guideline Issue Guideline Interest Only period does not meet the guideline requirements.   Clarification needed for the terms of the loan. Note does not reflect interest only , however, the payment reflected is an interest only payment amount.       Reviewer Comment (2026-05-22): corrected note provided


Seller Comment (2026-05-21): Comment from (redacted) ((redacted)LLC): Correct note uploaded
 05/22/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275492             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/29/2026 No 1 A A A A A A A A A A   AL Investment Purchase   C A C A     A A   N/A No
226275492             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-05-07): assets provided


Seller Comment (2026-05-06): Comment from (redacted) ((redacted)LLC): Please see attached docs from the borrower and his explanation


Reviewer Comment (2026-05-06): The provided retirement accounts show a $x balance at the time of closing. Exception remains


Seller Comment (2026-05-05): Comment from (redacted) ((redacted)LLC): statements uploaded
 05/07/2026     No 1 C A C A C A C A C A   AL Investment Purchase   C A C A     A A   N/A No
226275493             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/30/2026 No 1 A A A A A A A A A A   SC Investment Purchase   A A A A     A A   N/A No
226275494             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               04/30/2026 No 1 A A A A A A A A A A   TN Investment Purchase   A A A A     A A   N/A No
226275496             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/04/2026 No 1 A A A A A A A A A A   WV Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275497             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/04/2026 No 1 A A A A A A A A A A   CT Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275497             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing operating agreement for  (redacted) to verify ownership.       Reviewer Comment (2026-05-08): OA provided


Seller Comment (2026-05-08): Comment from (redacted) (ROCxxx): Uploaded, OA for (redacted) LLC
 05/08/2026     No 1 C A C A C A C A C A   CT Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275498             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/04/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275499             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/05/2026 No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   D A A A     D A   N/A No
226275499             Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2026-05-11): Received Desk Review hence, exception cleared


Seller Comment (2026-05-08): Comment from (redacted) ((redacted).): Thank you for your response. Please see the attached desk review.


Reviewer Comment (2026-05-06): For securitization purposes, a secondary valuation, usually a desk review (CDA), is required to confirm the appraised value


Buyer Comment (2026-05-05): Comment from (redacted) ((redacted).): Can you please elaborate on this condition, and what it is that you require? Thank you
 05/11/2026     No 1 D A D A D A D A D A   CA Investment Refinance - Rate/Term   D A A A     D A   N/A No
226275500             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/07/2026 No 1 A A A A A A A A A A   CT Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275500             Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided   The appraisal shows unit x as rented month to month with no lease provided       Reviewer Comment (2026-05-12): Received Lease Agreement hence, exception cleared


Seller Comment (2026-05-11): Comment from (redacted) ((redacted) LLC): Uploaded Lease Agreement for review
 05/12/2026     No 1 C A C A C A C A C A   CT Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275500             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   No asset statements were provided       Reviewer Comment (2026-05-12): assets provided


Seller Comment (2026-05-11): Comment from (redacted) ((redacted) LLC): Uploaded Bank Statement for review
 05/12/2026     No 1 C A C A C A C A C A   CT Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275500             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-05-12): asset provided


Seller Comment (2026-05-11): Comment from (redacted) ((redacted) LLC): Uploaded Bank Statement for review
 05/12/2026     No 1 C A C A C A C A C A   CT Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275501             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/07/2026 No 1 A A A A A A A A A A   MO Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275502             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/07/2026 No 1 A A A A A A A A A A   VA Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275503             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/08/2026 No 1 A A A A A A A A A A   OH Investment Purchase   A A A A     A A   N/A No
226275504             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/13/2026 No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275504             Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Dwelling coverage of $xxx,xxx.xx is less than the loan amount of $xxx,xxx.xx and the estimated cost new of $xxx,xxx.xx. A replacement cost estimate was not provided.       Reviewer Comment (2026-05-19): RCE provided


Seller Comment (2026-05-19): Comment from (redacted) (ROCxxx): Uploaded, RCE.
 05/19/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275505             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/13/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275506             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided           Reviewer Comment (2026-06-03): Bylaws provided.


Seller Comment (2026-06-01): Comment from (redacted) (ROCxxx): Uploaded, Evidence of Access to Funds
 06/03/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   D A C A     D A   N/A No
226275506             Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2026-06-12): ARR provided


Seller Comment (2026-06-12): Comment from (redacted) (ROCxxx): Uploaded, ARR
 06/12/2026     No 1 D A D A D A D A D A   NY Investment Refinance - Rate/Term   D A C A     D A   N/A No
226275506             Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy.           Reviewer Comment (2026-06-11): Received Lease Agreement, exception cleared.


Seller Comment (2026-06-10): Comment from (redacted) (ROCxxx): Uploaded, updated Lease (Rent $x,xxx)
 06/11/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   D A C A     D A   N/A No
226275507             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/19/2026 No 1 A A A A A A A A A A   MO Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275507             Credit Missing Document General Missing Document Missing Document: Source of Funds for the Initial Purchase not provided           Reviewer Comment (2026-05-20): Coastal States Life insurance provided


Seller Comment (2026-05-20): Comment from (redacted) ((redacted)LLC): Uploaded
 05/20/2026     No 1 C A C A C A C A C A   MO Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275507             Credit Credit Miscellaneous Guideline Credit Exception:   Property was purchased less than xxx days from current note date. SOW was not provided.       Reviewer Comment (2026-05-20): Document provided


Seller Comment (2026-05-20): Comment from (redacted) ((redacted)LLC): SOW uploaded
 05/20/2026     No 1 C A C A C A C A C A   MO Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275507             Credit Missing Document General Missing Document Missing Document: Verification of Deposit not provided   Proof of rent deposit not provided       Reviewer Comment (2026-05-20): Tenant ledger provided


Seller Comment (2026-05-20): Comment from (redacted) ((redacted)LLC): Proof of rents and explanation uploaded
 05/20/2026     No 1 C A C A C A C A C A   MO Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275508             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2026-05-27): Adequate document provided.


Seller Comment (2026-05-27): Comment from (redacted) (ROCxxx): Uploaded, COGS.
 05/27/2026     No 1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275509             Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage shortfall $xx,xxx. Replacement cost estimate was not provided in file.       Reviewer Comment (2026-05-21): RCE provided


Seller Comment (2026-05-21): Comment from (redacted) ((redacted)LLC): RCE uploaded
 05/21/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275509             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/20/2026 No 1 A A A A A A A A A A   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275509             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-05-20): Grade x exception waived per client request
     05/20/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275510             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/20/2026 No 1 A A A A A A A A A A   TX Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275511             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/21/2026 No 1 A A A A A A A A A A   NC Investment Purchase   C B C B     A A   N/A No
226275511             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided           Reviewer Comment (2026-05-27): Sufficient documentation provided.


Seller Comment (2026-05-26): Comment from (redacted) ((redacted)): We can accept a Cert of Incumbency in lieu of the Operating Agreement.  The Cert of Incumbency should've been signed and dated at closing by the owners of the LLC.
 05/27/2026     No 1 C A C A C A C A C A   NC Investment Purchase   C B C B     A A   N/A No
226275511             Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___.   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		   SitusAMC

SitusAMC		 Reviewer Comment (2026-06-02): per client request


Buyer Comment (2026-05-29): Comment from (redacted) ((redacted)): Please waive to EVx dscr reserves


Reviewer Comment (2026-05-26): Buyer to review Lender exception for xx% LTV


Buyer Comment (2026-05-22): Comment from (redacted) ((redacted)): Why is there a condition for this?  Please advise.
     06/02/2026 No 2 C B C B C B C B C B   NC Investment Purchase   C B C B     A A   N/A No
226275511             Credit Credit Miscellaneous Guideline Credit Exception:   There is a lender exception in the file to adjust the LTV to xx% Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.		   SitusAMC

SitusAMC		 Reviewer Comment (2026-06-02): per client request


Buyer Comment (2026-05-29): Comment from (redacted) ((redacted)): Please waive to EVx dscr reserves


Reviewer Comment (2026-05-26): Buyer to review lender exception


Buyer Comment (2026-05-22): Comment from (redacted) ((redacted)): Please advise what is being asked for
     06/02/2026 No 2 C B C B C B C B C B   NC Investment Purchase   C B C B     A A   N/A No
226275512             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/21/2026 No 1 A A A A A A A A A A   MO Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275513             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/21/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275513             Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines. - The rate lock indicates the property is leased. Please provide the lease.       Reviewer Comment (2026-05-22): Document provided


Seller Comment (2026-05-21): Comment from (redacted) ((redacted)LLC): lease uploaded
 05/22/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275513             Credit Credit Miscellaneous Guideline Credit Exception:   Guidelines require x months proof of rent for tenant-occupied properties.       Reviewer Comment (2026-05-22): Deposit sheet provided


Seller Comment (2026-05-21): Comment from (redacted) ((redacted)LLC): Proof of rents uploaded
 05/22/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275514             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/26/2026 No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275514             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-05-26): Waived at buyers request
     05/26/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   B B B B     A A   N/A No
226275515             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided           Reviewer Comment (2026-05-31): Received document hence, exception cleared


Seller Comment (2026-05-29): Comment from (redacted) (ROCxxx): Uploaded, Business Purpose Certificate
 05/31/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   D B D B     A A   N/A No
226275515             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided           Reviewer Comment (2026-05-31): Received document hence, exception cleared


Seller Comment (2026-05-29): Comment from (redacted) (ROCxxx): Uploaded, Guarantor Agreement
 05/31/2026     No 1 D A D A D A D A D A   NY Investment Refinance - Rate/Term   D B D B     A A   N/A No
226275515             Credit Missing Document General Missing Document Missing Document: HUD/CD not provided           Reviewer Comment (2026-06-01): funding statement provided


Seller Comment (2026-05-29): Comment from (redacted) (ROCxxx): Uploaded, Funding statement | In the NY state Funding statement = HUD
 06/01/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   D B D B     A A   N/A No
226275515             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/27/2026 No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   D B D B     A A   N/A No
226275515             Credit Title Document Error Title The Commitment or Preliminary title policy does not reflect a coverage amount (no final title policy in file). Unable to determine if appropiate coverage is provided.           Reviewer Comment (2026-06-01): provided


Seller Comment (2026-05-29): Comment from (redacted) (ROCxxx): Uploaded, Title
 06/01/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   D B D B     A A   N/A No
226275515             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-06-09): funding statement provided to verify reserves collected at closing.


Seller Comment (2026-06-08): Comment from (redacted) (ROCxxx): We have collected x months PITIA at closing.
Uploaded Funding statement to see x months PITIA and Bank statement to see the remaining x months PITIA reserve.
 06/09/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   D B D B     A A   N/A No
226275515             Credit Credit Credit Documentation Guideline Aged document: Credit Report  is more than 90 days prior to the note date. -         Reviewer Comment (2026-06-23): Post closing CBR provided


Seller Comment (2026-06-22): Comment from (redacted) (ROCxxx): Uploaded, recent Credit report


Reviewer Comment (2026-06-11): Buyer to review at seller request


Seller Comment (2026-06-10): Comment from (redacted) (ROCxxx):(redacted)accepts upto xxx days old Credit report for borrowers who are previously funded with Roc.
Uploaded Credit report.
Please move this to Buyer queue.
 06/23/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   D B D B     A A   N/A No
226275515             Credit Missing Document General Missing Document Missing Document: Appraisal Transfer Letter not provided           Reviewer Comment (2026-06-12): Received Appraisal Transfer Letter hence, exception cleared


Seller Comment (2026-06-11): Comment from (redacted) (ROCxxx): Uploaded, updated Appraisal transfer letter


Reviewer Comment (2026-06-09): The appraisal transfer letter is from (Redacted) to Loan Funder but the lender on the appraisal is (redacted).


Seller Comment (2026-06-08): Comment from (redacted) (ROCxxx): Uploaded, Appraisal Transfer Letter
 06/12/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   D B D B     A A   N/A No
226275515             Credit Credit Miscellaneous Guideline Credit Exception:   Proof of deposit and xst month rent is missing for each leased unit. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .xx.

The representative FICO score exceeds the guideline minimum by at least xx points.		   SitusAMC

SitusAMC		 Reviewer Comment (2026-07-02): Waived at buyers request


Buyer Comment (2026-07-02): Comment from (redacted) (redacted) ((redacted)): Waive. Use market rent to qualify as lower than leases.


Reviewer Comment (2026-06-25): buyer to review seller comment.  lease start date is x/x/xx and the note date is x/x/xx.  Only the security deposit was provided.


Buyer Comment (2026-06-24): Comment from (redacted) (ROCxxx): Hi Team,
Please refer to Buyer comments for xxxxxx.

(Guidelines state - A new lease evidenced only by a security deposit or a security deposit plus x month's proof of rent is considered unleased. Since the security deposit was received and the dscr was underwritten to Market rent this exception is satisfied please clear)


Reviewer Comment (2026-06-24): rent receipt for security deposit provided but missing proof of rent receipt as required by guidelines.


Seller Comment (2026-06-23): Comment from (redacted) (ROCxxx): Uploaded, Proof of Security deposit.
     07/02/2026 No 2 C B C B C B C B C B   NY Investment Refinance - Rate/Term   D B D B     A A   N/A No
226275516             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/27/2026 No 1 A A A A A A A A A A   OK Investment Purchase   C B C B     A A   N/A No
226275516             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-05-29): Documentation provided.


Seller Comment (2026-05-28): Comment from (redacted) ((redacted)LLC): Statements uploaded
 05/29/2026     No 1 C A C A C A C A C A   OK Investment Purchase   C B C B     A A   N/A No
226275516             Credit Credit Miscellaneous Guideline Credit Exception:   The rate lock confirmation shows the interest rate as x.xxx% but the note rate is x.xxx%. Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.   SitusAMC Reviewer Comment (2026-06-04): per client request


Buyer Comment (2026-06-02): Comment from (redacted) ((redacted)): Please waive EVx


Reviewer Comment (2026-06-02): buyer to review and verify corrected rate lock


Buyer Comment (2026-05-29): Comment from (redacted) ((redacted)LLC): Please explain why this is rejected


Reviewer Comment (2026-05-29): Buyer to review


Seller Comment (2026-05-28): Comment from (redacted) ((redacted)LLC): Please see corrected rate lock confirmation
     06/04/2026 No 2 C B C B C B C B C B   OK Investment Purchase   C B C B     A A   N/A No
226275517             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               05/27/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275518             Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2026-06-22): Documentation provided


Seller Comment (2026-06-22): Comment from (redacted) (ROCxxx): Uploaded, ARR
 06/22/2026     No 1 D A D A D A D A D A   NY Investment Refinance - Rate/Term   D A C A     D A   N/A No
226275518             Credit Missing Document General Missing Document Missing Document: Account Statements - Business not provided   Full xx-day account statement for account ending xxxx. Printout provided does not show bank name information.       Reviewer Comment (2026-06-22): Cleared


Seller Comment (2026-06-22): Comment from (redacted) (ROCxxx): Uploaded, Bank statements to see $xxxK ($xxK + $xxK + $xxK)
 06/22/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   D A C A     D A   N/A No
226275518             Credit Missing Document General Missing Document Missing Document: Account Statements - Business not provided   Please provide the name of the financial institution with account ending in xxxx       Reviewer Comment (2026-06-23): Received Bank Statement, exception cleared.


Buyer Comment (2026-06-22): Comment from (redacted) (ROCxxx): (redacted) is the financial institution with account ending in xxxx
 06/23/2026     No 1   A   A   A   A   A   NY Investment Refinance - Rate/Term   D A C A     D A   N/A No
226275519             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/01/2026 No 1 A A A A A A A A A A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275519             Credit Credit Miscellaneous Guideline Credit Exception:   Missing verification of security deposit and x months rent receipt.  The loan file does include bank statements with a typed note that an electronic deposit from Buildium is a mass deposit from PM app that includes deposits from the tenant but an itemization of these deposits was not provided.       Reviewer Comment (2026-06-02): rent ledger provided


Seller Comment (2026-06-01): Comment from (redacted) ((redacted)LLC): Rent ledger and bank statements uploaded for proofs of rent
 06/02/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275520             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2026-06-04): COGS provided.


Seller Comment (2026-06-02): Comment from (redacted) ((redacted)LLC): cert
 06/04/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275520             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/01/2026 No 1 A A A A A A A A A A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275520             Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. Market rent was used to calculate the DSCR instead of the actual rent received.  Guidelines allow the use of in place lease rent to be used over market rent if x months proof of rent receipt are provided.  This is a new lease and x month rent and the security deposit was provided.  x months rent must be received to use in place lease rent over market rent.       Reviewer Comment (2026-06-04): Documentation provided showing May's rent payment.  GLs met.


Seller Comment (2026-06-02): Comment from (redacted) ((redacted)LLC): Please see proof of May rent received attached. This is now x months plus security deposit
 06/04/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275521             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2026-06-05): asset provided


Seller Comment (2026-06-03): Comment from (redacted) ((redacted)): assets
 06/05/2026     No 1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275521             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/03/2026 No 1 A A A A A A A A A A   GA Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275521             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-06-05): asset provided


Seller Comment (2026-06-03): Comment from (redacted) ((redacted)): bank statememnts
 06/05/2026     No 1 C A C A C A C A C A   GA Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275522             Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Term discrepancy.   The note and the mortgage have a xx month term and guidelines allow a xx year and xx year term.  The rate lock also shows a xx year term.       Reviewer Comment (2026-06-11): Received correct Note & Security Instrument, exception cleared.


Seller Comment (2026-06-10): Comment from (redacted) ((redacted)LLC): Please see corrected DOT and note
 06/11/2026     No 1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275522             Credit Loan Package Documentation Closing / Title Title Title: Evidence of title is missing   The title policy provided in the loan file is dated x/xx/xx       Reviewer Comment (2026-06-08): Document provided


Seller Comment (2026-06-05): Comment from (redacted) ((redacted)LLC): uploaded title policy dated x/xx/xx
 06/08/2026     No 1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275522             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/08/2026 No 1   A   A   A   A   A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275523             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/05/2026 No 1 A A A A A A A A A A   PA Investment Purchase   D B D B     A A   N/A No
226275523             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided           Reviewer Comment (2026-06-08): Document provided


Seller Comment (2026-06-05): Comment from (redacted) ((redacted)LLC): contract
 06/08/2026     No 1 D A D A D A D A D A   PA Investment Purchase   D B D B     A A   N/A No
226275523             Credit Credit Miscellaneous Credit Miscellaneous Credit (Non-Material):   The rate lock has a representative FICO of xxx but the mid score on the credit report is xxx. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

Borrowers made a down payment from their own funds on this purchase transaction of at least x% and $x,xxx.xx.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .xx.

The representative FICO score exceeds the guideline minimum by at least xx points.		   SitusAMC

SitusAMC

SitusAMC

SitusAMC		 Reviewer Comment (2026-06-09): per client request


Buyer Comment (2026-06-08): Comment from (redacted) ((redacted)): Please clear


Reviewer Comment (2026-06-08): Buyer to review updated rate lock dated after close


Seller Comment (2026-06-05): Comment from (redacted) ((redacted)LLC): Please see corrected rate lock and waive condition
     06/09/2026 No 2 B B B B B B B B B B   PA Investment Purchase   D B D B     A A   N/A No
226275524             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided           Reviewer Comment (2026-06-09): Received Articles of Organization hence, exception cleared


Seller Comment (2026-06-08): Comment from (redacted) ((redacted)LLC): articles of organization attached
 06/09/2026     No 1 C A C A C A C A C A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275524             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/08/2026 No 1 A A A A A A A A A A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275524             Credit Credit Miscellaneous Guideline Credit Exception:   Two months proof of receipt is required and not provided.       Reviewer Comment (2026-06-09): Account statements provided. Exception cleared


Seller Comment (2026-06-08): Comment from (redacted) ((redacted)LLC): see all proofs of rent receipts attached
 06/09/2026     No 1 C A C A C A C A C A   IN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275525             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/08/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275527             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/10/2026 No 1 A A A A A A A A A A   IN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275528             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/11/2026 No 1 A A A A A A A A A A   OH Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275529             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/11/2026 No 1 A A A A A A A A A A   PA Investment Purchase   A A A A     A A   N/A No
226275530             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/11/2026 No 1 A A A A A A A A A A   OH Investment Purchase   A A A A     A A   N/A No
226275531             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/11/2026 No 1 A A A A A A A A A A   KS Investment Purchase   A A A A     A A   N/A No
226275532             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/11/2026 No 1 A A A A A A A A A A   TX Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275533             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/11/2026 No 1 A A A A A A A A A A   IN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275534             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003           Reviewer Comment (2026-06-16): Citizenship equivalent document has been associated, exception cleared.


Seller Comment (2026-06-15): Comment from (redacted) ((redacted) LLC): ABL-form loan application
 06/16/2026     No 1 C A C A C A C A C A   OH Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275534             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/12/2026 No 1 A A A A A A A A A A   OH Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275534             Credit Credit Miscellaneous Guideline Credit Exception:   Two months' verification of rent was not found in file.       Reviewer Comment (2026-06-16): Documentation provided


Seller Comment (2026-06-15): Comment from (redacted) ((redacted) LLC): Proof of rent deposit + lease agreement + change of name for landlord collecting the rent
 06/16/2026     No 1 C A C A C A C A C A   OH Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275535             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-06-12): grade x exception waived per client request
     06/12/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
226275535             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/12/2026 No 1 A A A A A A A A A A   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
226275536             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/15/2026 No 1 A A A A A A A A A A   TX Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275537             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2026-06-19): Received Closing Statement for Refinance of simultaneous property, exception cleared.


Seller Comment (2026-06-18): Comment from (redacted) ((redacted).): Per UW: The funds for closing came from the borrower's HELOC they just took out that we closed.  It was over $xxx,xxx.xx
 06/19/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275537             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/15/2026 No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275538             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/15/2026 No 1 A A A A A A A A A A   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
226275538             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___		         Reviewer Comment (2026-06-15): Waived at buyers request
     06/15/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
226275539             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/15/2026 No 1 A A A A A A A A A A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275539             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided           Reviewer Comment (2026-06-19): Received document hence, exception cleared


Seller Comment (2026-06-18): (redacted)


Reviewer Comment (2026-06-18): The rider is attached to the security instrument. The Note requires an addendum to the contract. Please provide the addendum


Buyer Comment (2026-06-17): (redacted)


Reviewer Comment (2026-06-17): Provided document is Prepayment Rider to Security Instrument and Note Addendum - Prepayment document is required, exception remains.


Seller Comment (2026-06-16): (redacted)
 06/19/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275539             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Trust Agreement not provided           Reviewer Comment (2026-06-17): Received Certification of Trust, exception cleared.


Seller Comment (2026-06-16): (redacted)
 06/17/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275540             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/16/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275541             Credit Credit Miscellaneous Credit Miscellaneous Credit (Non-Material):   Rate lock rate is x.xxx vs note rate of x.xxx%       Reviewer Comment (2026-06-24): Cleared at buyers request
 06/24/2026     No 1 B A B A B A B A B A   NY Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275541             Credit Credit Miscellaneous Guideline Credit Exception:   Missing proof of receipt of x months rent as required by guidelines. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.   SitusAMC Reviewer Comment (2026-07-21): Waived at buyers request


Buyer Comment (2026-07-20): Comment from (redacted) (redacted) ((redacted)): Please waive. Reserves, DSCR. Consider as unleased and use market rent to qualify.


Reviewer Comment (2026-07-15): buyer to review seller comment, only the security deposit receipt was provided.  Note date is x/x and the lease start date is x/x


Seller Comment (2026-07-14): Comment from (redacted) (ROCxxx): Hi Team,
Uploaded, Proof of security deposit, and Please refer to buyer's comments on Loan#: xxxxxx.

(Loan#: xxxxxx
Guidelines state - A new lease evidenced only by a security deposit or a security deposit plus x month's proof of rent is considered unleased. Since the security deposit was received and the dscr was underwritten to Market rent this exception is satisfied please clear)
     07/21/2026 No 2 C B C B C B C B C B   NY Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275542             Credit Missing Document General Missing Document Missing Document: Appraisal Transfer Letter not provided           Reviewer Comment (2026-06-29): transfer letter provided


Seller Comment (2026-06-29): Comment from (redacted) (ROCxxx): Uploaded, Appraisal Transfer Letter.
 06/29/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275543             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/16/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275543             Credit Credit Miscellaneous Guideline Credit Exception:   Please provide evidence of first months rent and deposit       Reviewer Comment (2026-06-29): receipt of security deposit provided


Seller Comment (2026-06-29): Comment from (redacted) (ROCxxx): Hi Team,
Uploaded, Proof of security deposit, and Please refer to buyer's comments on Loan#: xxxxxx.

(Loan#: xxxxxx
Guidelines state - A new lease evidenced only by a security deposit or a security deposit plus x month's proof of rent is considered unleased. Since the security deposit was received and the dscr was underwritten to Market rent this exception is satisfied please clear)
 06/29/2026     No 1   A   A   A   A   A   IL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275544             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/16/2026 No 1 A A A A A A A A A A   TX Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275545             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2026-06-23): Received document hence, exception cleared


Seller Comment (2026-06-22): Comment from (redacted) ((redacted)LLC): See attached operating agreement for (redacted)where (Redacted) is xxx% owner. Also see attached operating agreement for (Redacted) which shows our guarantor owns xxx%


Reviewer Comment (2026-06-22): Guarantor does not have any ownership in the (Redacted) LLC, exception remains


Seller Comment (2026-06-19): Comment from (redacted) ((redacted)LLC): statements
 06/23/2026     No 1 C A C A C A C A C A   MD Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275545             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/18/2026 No 1 A A A A A A A A A A   MD Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275545             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-06-22): Guarantor does not have any ownership in the (Redacted) LLC, exception remains


Seller Comment (2026-06-19): Comment from (redacted) ((redacted)LLC): statements
 06/22/2026     No 1 C A C A C A C A C A   MD Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275545             Credit Credit Miscellaneous Guideline Credit Exception:   Guidelines require proof of receipt of x months' rent, but it was not provided.       Reviewer Comment (2026-06-22): Documentation provided. Exception cleared


Seller Comment (2026-06-19): Comment from (redacted) ((redacted)LLC): Uploaded
 06/22/2026     No 1 C A C A C A C A C A   MD Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275545             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing access to funds for (Redacted).       Reviewer Comment (2026-06-23): Received document hence, exception cleared


Seller Comment (2026-06-22): (redacted)


Reviewer Comment (2026-06-22): Guarantor does not have any ownership in the (Redacted) LLC, exception remains


Seller Comment (2026-06-19): Comment from (redacted) ((redacted)LLC): Uploaded OA for (redacted)
 06/23/2026     No 1 C A C A C A C A C A   MD Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275546             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/18/2026 No 1 A A A A A A A A A A   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275546             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2026-06-22): Updated documentation provided. Cleared


Seller Comment (2026-06-19): (redacted)


Reviewer Comment (2026-06-19): (redacted)


Seller Comment (2026-06-18): Comment from (redacted) ((redacted)LLC): Uploaded
 06/22/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275546             Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. $xxx monthly HOA bill was not factored into the DSCR and the use of the higher of market rent vs lease amount is approved on an exception basis. There is no exception in the file Borrower has owned the subject property for at least x years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.		   SitusAMC

SitusAMC		 Reviewer Comment (2026-06-24): per client request


Seller Comment (2026-06-23): Comment from (redacted) (redacted) ((redacted)): Please waive. Reserves, experience. Allow lease amount to qualify supported by rent range report.


Reviewer Comment (2026-06-23): Buyer to review exception request


Seller Comment (2026-06-22): Comment from (redacted) ((redacted)LLC): Please see attached exception form for this loan and advise if anything else is needed
     06/24/2026 No 2 C B C B C B C B C B   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275546             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-06-22): Updated documentation provided. Cleared


Seller Comment (2026-06-19): Comment from (redacted) ((redacted)LLC): attached statements
 06/22/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275546             Credit Credit Miscellaneous Guideline Credit Exception:   Missing rent roll with confirmation of x months rent receipt per guidelines       Reviewer Comment (2026-06-22): Documentation provided. Cleared


Seller Comment (2026-06-19): Comment from (redacted) ((redacted)LLC): see attached
 06/22/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275547             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/19/2026 No 1 A A A A A A A A A A   NY Investment Purchase   C A C A     A A   N/A No
226275547             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided           Reviewer Comment (2026-07-09): OA provided


Seller Comment (2026-07-09): Comment from (redacted) (ROCxxx): Uploaded, OA for (Redacted)
 07/09/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A     A A   N/A No
226275547             Credit Missing Document General Missing Document Missing Document: Appraisal Transfer Letter not provided           Reviewer Comment (2026-07-14): updated appraisal provided


Seller Comment (2026-07-13): Comment from (redacted) (ROCxxx): Uploaded, Revised appraisal. Lender = (Redacted)
 07/14/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A     A A   N/A No
226275547             Credit Credit Miscellaneous Guideline Credit Exception:   Provide addendum to Sales Contract adding borrower entity as reflected on Note.       Reviewer Comment (2026-07-21): Sufficient documentation provided.


Seller Comment (2026-07-20): Comment from (redacted) (ROCxxx): Uploaded, Updated Contract of sale (xxxx (redacted))
 07/21/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A     A A   N/A No
226275549             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/23/2026 No 1 A A A A A A A A A A   DE Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275550             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/24/2026 No 1 A A A A A A A A A A   NJ Investment Purchase   A A A A     A A   N/A No
226275551             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/24/2026 No 1 A A A A A A A A A A   OH Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275552             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-06-26): Received CPA Letter. Exception Cleared
 06/26/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275552             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing access for xxx (Redacted)       Reviewer Comment (2026-06-26): Received CPA Letter hence, exception cleared


Seller Comment (2026-06-25): Comment from (redacted) ((redacted)): Please see attached CPA letter that was included on page xxx of the loan file. Thank you.
 06/26/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275552             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing access for xx-xx (Redacted)       Reviewer Comment (2026-06-26): Received CPA Letter hence, exception cleared


Seller Comment (2026-06-25): Comment from (redacted) ((redacted)): Please see attached CPA letter that was included on page xxx of the loan file. Thank you.
 06/26/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275552             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing access for xxx (Redacted)       Reviewer Comment (2026-06-26): Received CPA Letter hence, exception cleared


Seller Comment (2026-06-25): Comment from (redacted) ((redacted)): Please see attached CPA letter that was included on page xxx of the loan file. Thank you.
 06/26/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275552             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   xxx Beach xx LLC       Reviewer Comment (2026-06-26): Received CPA Letter hence, exception cleared


Seller Comment (2026-06-25): Comment from (redacted) ((redacted)): Please see attached CPA letter that was included on page xxx of the loan file. Thank you.
 06/26/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275552             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing access for xT (Redacted)       Reviewer Comment (2026-06-26): Received CPA Letter hence, exception cleared


Seller Comment (2026-06-25): Comment from (redacted) ((redacted)): Please see attached CPA letter that was included on page xxx of the loan file. Thank you.
 06/26/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275552             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing access to xxx (Redacted)       Reviewer Comment (2026-06-26): Received CPA Letter hence, exception cleared


Seller Comment (2026-06-25): Comment from (redacted) ((redacted)): Please see attached CPA letter that was included on page xxx of the loan file. Thank you.
 06/26/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275552             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing access for xxx (Redacted)       Reviewer Comment (2026-06-26): Received CPA Letter hence, exception cleared


Seller Comment (2026-06-25): Comment from (redacted) ((redacted)): Please see attached CPA letter that was included on page xxx of the loan file. Thank you.
 06/26/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275552             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing access for xxx (Redacted)       Reviewer Comment (2026-06-26): Received CPA Letter hence, exception cleared


Seller Comment (2026-06-25): Comment from (redacted) ((redacted)): Please see attached CPA letter that was included on page xxx of the loan file. Thank you.
 06/26/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275553             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/25/2026 No 1 A A A A A A A A A A   GA Investment Purchase   C A C A     A A   N/A No
226275553             Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   Rent loss coverage for a minimum of x months PITIA is required. Policy documents were not provide to determine the amount of rent loss for policy.       Reviewer Comment (2026-07-13): Coverage is provided


Seller Comment (2026-07-13): Comment from (redacted) (ROCxxx): The policies do not specify a dollar amount because the coverage is based on Actual Loss Sustained (ALS) at the time of the loss. I have included the declarations page along with a copy of the Coverage D section, which states that coverage is included and extends up to xx months.


Reviewer Comment (2026-07-10): Policy does not state was the rent loss coverage is. Seller to provide


Seller Comment (2026-07-10): Comment from Stella John (ROCxxx): Evidence of Insurance have been provided
 07/13/2026     No 1 C A C A C A C A C A   GA Investment Purchase   C A C A     A A   N/A No
226275553             Credit Credit Miscellaneous Guideline Credit Exception:   Missing proof of x months rent receipt for both units.  Proof of security deposit was provided.       Reviewer Comment (2026-07-20): Sufficient documentation provided


Buyer Comment (2026-07-17): Comment from (redacted) (ROCxxx): In a purchase transaction the buyer is in no obligation to take the leases of the current seller and we dont Underwrite to older leases. We UW this to market rent.
 07/20/2026     No 1 C A C A C A C A C A   GA Investment Purchase   C A C A     A A   N/A No
226275554             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/26/2026 No 1 A A A A A A A A A A   NY Investment Purchase   A A A A     A A   N/A No
226275559             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/29/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275559             Credit Hazard Insurance Document Error Hazard Insurance Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements.           Reviewer Comment (2026-07-14): Documentation provided, exception cleared


Seller Comment (2026-07-13): Comment from (redacted) ((redacted)): EOI Updated


Reviewer Comment (2026-07-07): ISAOA/ATIMA clause is required, exception remains.


Seller Comment (2026-07-06): Comment from (redacted) ((redacted)): Insurance
 07/14/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275559             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-07-10): Documentation provided


Seller Comment (2026-07-09): Comment from (redacted) ((redacted)): Assets


Reviewer Comment (2026-07-07): Only first page is provided and all the pages of Bank statement for IRA plan#xxxx are required, exception remains.


Seller Comment (2026-07-06): Comment from (redacted) ((redacted)): Assets
 07/10/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275559             Credit Credit Miscellaneous Guideline Credit Exception:   Missing x months rental deposits       Reviewer Comment (2026-07-07): Document provided.


Seller Comment (2026-07-06): Comment from (redacted) ((redacted)): Rent ledger
 07/07/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275559             Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided           Reviewer Comment (2026-07-07): provided


Seller Comment (2026-07-07): Comment from (redacted) ((redacted)): (redacted) OA and asset account terms of withdrawal


Reviewer Comment (2026-07-07): Evidence of Access to Funds is required for (redacted) LLC, exception remains.


Seller Comment (2026-07-06): Comment from (redacted) ((redacted)): Terms of withdrawl
 07/07/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275560             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2026-07-09): Received Bank statement, exception cleared.


Seller Comment (2026-07-09): Comment from (redacted) ((redacted)): assets


Reviewer Comment (2026-07-07): Only first page is provided and all the pages of Bank statement for IRA plan#xxxx are required, exception remains.


Seller Comment (2026-07-06): Comment from (redacted) ((redacted)): Assets
 07/09/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275560             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/29/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275560             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-07-09): Received Bank statement, exception cleared.


Seller Comment (2026-07-09): Comment from (redacted) ((redacted)): assets


Reviewer Comment (2026-07-07): Only first page is provided and all the pages of Bank statement for IRA plan#xxxx are required, exception remains.


Seller Comment (2026-07-06): Comment from (redacted) ((redacted)): Assets
 07/09/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275560             Credit Credit Miscellaneous Guideline Credit Exception:   Missing proof of receipt of the security deposit and first months rent as required by guidelines.       Reviewer Comment (2026-07-14): rent receipt received


Seller Comment (2026-07-13): Comment from (redacted) ((redacted)): Please review all pages of the document provided. The rents received are highlighted cash app payments and the leassor, (Redacted) matches the cash app payment.


Reviewer Comment (2026-07-10): Borrower stock portfolio does not show rent receipt. Exception remains


Seller Comment (2026-07-09): Comment from (redacted) ((redacted)): rent received
 07/14/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275561             Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided           Reviewer Comment (2026-07-02): provided


Seller Comment (2026-07-02): Comment from Stella John (ROCxxx): Hazard Insurance Policy has been provided
 07/02/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275561             Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.           Reviewer Comment (2026-07-02): provided


Seller Comment (2026-07-02): Comment from Stella John (ROCxxx): Document provided with sufficient Hazard insurance coverage amount
 07/02/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275561             Credit Guideline Guideline Issue Guideline The file does not contain evidence of the Original Sales Price.           Reviewer Comment (2026-07-02): provided


Seller Comment (2026-07-02): Comment from Stella John (ROCxxx): HUD has been uploaded for evidence of the original sales price
 07/02/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275562             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               06/30/2026 No 1 A A A A A A A A A A   OH Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275563             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/02/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275564             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/07/2026 No 1 A A A A A A A A A A   PA Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275565             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/08/2026 No 1 A A A A A A A A A A   GA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275565             Credit Credit Miscellaneous Guideline Credit Exception:   Missing proof of rent receipt.       Reviewer Comment (2026-07-13): Documentation provided


Seller Comment (2026-07-10): Comment from Stella John (ROCxxx): Receipt of rental income has been provided
 07/13/2026     No 1 C A C A C A C A C A   GA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275566             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/08/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275566             Credit Credit Miscellaneous Guideline Credit Exception:   Missing receipt of proof of lease. Lease/Rent comparable is not provided for ADU. Rental Income considered from xxxx. Please provide documentation for the same. As per (redacted) - (redacted), properties with ADUs are required to be submitted as exceptions.       Reviewer Comment (2026-07-14): Documentation provided, exception cleared


Seller Comment (2026-07-13): Comment from (redacted) ((redacted)): The subject is vacant. The appraiser has attached additional rental comps to verify the market rent for the ADU. Rental comps x-x verify $xxxx/mo for the subject plus rental comps x-x verify $xxxx/mo for the ADU.  Also, updated (redacted) guidelines no longer require an exception for ADU as long as the ADU meets guidelines
 07/14/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275566             Credit Guideline Guideline Issue Guideline Minimum of 600 square feet of gross living area required per company guidelines.           Reviewer Comment (2026-07-14): corrected appraisal provided, property is xxx square feet


Seller Comment (2026-07-13): Comment from (redacted) ((redacted)): There was an error on the appraisal that has been corrected. The Subject is xxx Sq ft.
 07/14/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275567             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/08/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275568             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/08/2026 No 1 A A A A A A A A A A   NY Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275569             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/08/2026 No 1 A A A A A A A A A A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275569             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-07-28): Sufficient documentation provided


Seller Comment (2026-07-27): Comment from (redacted) (ROCxxx): Uploaded, Refi HUD to see $xxxK, and OA to verify ownership.


Reviewer Comment (2026-07-23): Total assets $xx,xxx.xx ($xx,xxx.xx + $x,xxx.xx) - Cash to Close $xx,xxx.xx = $xx,xxx.xx available for reserves / $x,xxx.xx PITI = x.xx months reserves.


Seller Comment (2026-07-22): Comment from (redacted) (ROCxxx): Uploaded, Bank statement to see - $xxxxx.xx.
Uploaded, HUD to see x months reserves, Collected at closing.
 07/28/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275571             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/09/2026 No 1 A A A A A A A A A A   FL Investment Purchase   A A A A     A A   N/A No
226275572             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/09/2026 No 1 A A A A A A A A A A   PA Investment Purchase   A A A A     A A   N/A No
226275573             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/09/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275573             Credit Credit Credit Documentation Credit OFAC was not checked and required per guidelines. -   The representative FICO score exceeds the guideline minimum by at least xx points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.		 FICO is 102 points higher than the GL minimum. SitusAMC,Originator,Aggregator

SitusAMC		 Reviewer Comment (2026-07-10): The seller provided a guarantor agreement crossing out the individual along with an LOE stating it was a paperwork error.  The Client accepts this and opts to waive.
     07/10/2026 No 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
226275576             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/09/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275576             Credit Guideline Guideline Issue Guideline The file does not contain evidence of the Original Sales Price.           Reviewer Comment (2026-07-10): information provided


Seller Comment (2026-07-09): Comment from (Redacted) ((Redacted)): see attached also is listed on appraisal
 07/10/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275577             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/10/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275578             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/10/2026 No 1 A A A A A A A A A A   NM Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275580             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/10/2026 No 1 A A A A A A A A A A   TX Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275581             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/14/2026 No 1 A A A A A A A A A A   MN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275581             Credit Credit Miscellaneous Guideline Credit Exception:   Missing proof of receipt for x month rent and deposit for unit x. Missing proof of receipt for x months rent for unit x       Reviewer Comment (2026-07-28): provided


Seller Comment (2026-07-27): Comment from (redacted) (ROCxxx): Rent ledgers for both units. Please keep in mind that the tenants receives credit for lawn care and snow removal which explains the difference in the actual rent amount collected.
 07/28/2026     No 1 C A C A C A C A C A   MN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275582             Credit Credit Miscellaneous Guideline Credit Exception:   x months proof of rent receipt not provided.       Reviewer Comment (2026-07-28): provided


Seller Comment (2026-07-27): Comment from (redacted) (ROCxxx): Uploaded, Proof of Rent receipts
 07/28/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275583             Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.           Reviewer Comment (2026-07-20): corrected closing statement provided


Seller Comment (2026-07-17): Comment from (redacted) (ROCxxx): Uploaded, HUD. It is a Rate term Refinance.
Please see Line item xxxx on PG#x to see cash to Borrower $x,xxx.xx (<xK)
Onyx program allows xx% DSCR, LTV is fine.
FICO = xxx


Reviewer Comment (2026-07-16): Onyx Cash out refi max LTV is xx% for fico scores over xxx with loans under $xmm


Buyer Comment (2026-07-15): Comment from (redacted) (ROCxxx): Onyx program allows xx% DSCR
 07/20/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275584             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/14/2026 No 1 A A A A A A A A A A   SC Investment Purchase   C A C A     A A   N/A No
226275584             Credit Hazard Insurance Document Error Hazard Insurance Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements.           Reviewer Comment (2026-07-29): provided


Seller Comment (2026-07-28): Comment from (redacted) (ROCxxx): Its on Page x of this policy doc?
 07/29/2026     No 1 C A C A C A C A C A   SC Investment Purchase   C A C A     A A   N/A No
226275585             Credit Missing Document General Missing Document Missing Document: Appraisal Transfer Letter not provided           Reviewer Comment (2026-07-29): provided


Seller Comment (2026-07-28): Comment from (redacted) (ROCxxx): Appraisal transfer letter
 07/29/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275586             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/15/2026 No 1 A A A A A A A A A A   NC Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275587             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/15/2026 No 1 A A A A A A A A A A   MN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275588             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/15/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275589             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/16/2026 No 1 A A A A A A A A A A   VA Investment Purchase   A A A A     A A   N/A No
226275590             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2026-07-29): assets provided


Seller Comment (2026-07-28): Comment from (redacted) (ROCxxx): Here are the entity docs


Reviewer Comment (2026-07-28): Bank statement provided but please provide the Bylaws for (Redacted) to verify the guarantor has access to the funds.


Seller Comment (2026-07-27): Comment from (redacted) (ROCxxx): Bank statements have over xxxK
 07/29/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275590             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-07-29): asset provided


Buyer Comment (2026-07-28): Comment from (redacted) (ROCxxx): Provided on the other exception bout liquidity
 07/29/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275590             Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.           Reviewer Comment (2026-07-30): Confirmation of Onyx provided


Seller Comment (2026-07-29): Comment from (redacted) (ROCxxx): Here is proof  from Mtrade that this loan is locked on Onyx?


Reviewer Comment (2026-07-29): the rate lock was missing from the file.  Please provide rate lock verifying this was locked with the Onyx program


Buyer Comment (2026-07-28): Comment from (redacted) (ROCxxx): This is under the Onyx program where I see for rate and term we can go up to xM and xx LTV?
 07/30/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275591             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/16/2026 No 1 A A A A A A A A A A   MN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275592             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/16/2026 No 1 A A A A A A A A A A   MN Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275593             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/17/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275594             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/17/2026 No 1 A A A A A A A A A A   GA Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275595             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/17/2026 No 1 A A A A A A A A A A   OH Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275595             Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Loan to Cost (LTC) exceeds the maximum allowed per guidelines.   Calculated Loan to Cost (LTC) of xxx.xxxxx% exceeds the maximum allowed per guidelines. Guideline Loan to Cost (LTC) xxx.xxxxx%. A scope of work / Rehab budget was not provided in file.       Reviewer Comment (2026-07-20): Sufficient documentation provided


Seller Comment (2026-07-17): Comment from (redacted) ((redacted)LLC): see attached budget
 07/20/2026     No 1 C A C A C A C A C A   OH Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275596             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/17/2026 No 1 A A A A A A A A A A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275596             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2026-07-20): x months statements provided
 07/20/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275596             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-07-20): x months statements provided


Seller Comment (2026-07-17): Comment from (redacted) ((redacted)LLC): attached
 07/20/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275597             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/17/2026 No 1 A A A A A A A A A A   MS Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275599             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/20/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275600             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/20/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275600             Credit Credit Miscellaneous Guideline Credit Exception:   Missing proof of receipt of x months rent for Unit B.       Reviewer Comment (2026-07-21): provided


Seller Comment (2026-07-20): Comment from (Redacted) ((Redacted) x LLC): Attached rent receipts for unit B
 07/21/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275602             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/21/2026 No 1 A A A A A A A A A A   MN Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275603             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/21/2026 No 1 A A A A A A A A A A   NJ Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275603             Credit Credit Miscellaneous Guideline Credit Exception:   Proof of receipt of security deposit for Unit A and Unit C was provided in file. Proof of receipt of first months rent is required for all units and proof of security is required for Unit B.       Reviewer Comment (2026-07-30): provided


Seller Comment (2026-07-29): Comment from (redacted) (ROCxxx): Uploaded, Proof of Security deposit for Unit B
 07/30/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275604             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/23/2026 No 1 A A A A A A A A A A   IL Investment Refinance - Rate/Term   C A C A     C A   N/A No
226275604             Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal           Reviewer Comment (2026-07-31): Sufficient documentation provided. Cleared.


Seller Comment (2026-07-30): Comment from (redacted) (ROCxxx): CDA
 07/31/2026     No 1 C A C A C A C A C A   IL Investment Refinance - Rate/Term   C A C A     C A   N/A No
226275604             Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   A replacement cost estimate was not provided.       Reviewer Comment (2026-07-30): RCE provided


Seller Comment (2026-07-29): Comment from (redacted) (ROCxxx): Apologies here is the correct RCE


Reviewer Comment (2026-07-29): The RCE provided was for xxx Trinity Ln but the subject property is xxx Harris Dr.


Seller Comment (2026-07-28): Comment from (redacted) (ROCxxx): RCE
 07/30/2026     No 1 C A C A C A C A C A   IL Investment Refinance - Rate/Term   C A C A     C A   N/A No
226275604             Credit Credit Miscellaneous Guideline Credit Exception:   Missing proof of receipt for x months rent and deposit       Reviewer Comment (2026-07-29): security deposit provided


Seller Comment (2026-07-29): Comment from (redacted) (ROCxxx): Hi Team,
Uploaded, Proof of security deposit, and Please refer to buyer's comments on Loan#: xxxxxx.

(Loan#: xxxxxx
Guidelines state - A new lease evidenced only by a security deposit or a security deposit plus x month's proof of rent is considered unleased. Since the security deposit was received and the dscr was underwritten to Market rent this exception is satisfied please clear)
 07/29/2026     No 1 C A C A C A C A C A   IL Investment Refinance - Rate/Term   C A C A     C A   N/A No
226275605             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/21/2026 No 1 A A A A A A A A A A   NJ Investment Purchase   A A A A     A A   N/A No
226275606             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/22/2026 No 1 A A A A A A A A A A   MN Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275607             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/22/2026 No 1 A A A A A A A A A A   MN Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275608             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/22/2026 No 1 A A A A A A A A A A   MN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275609             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/24/2026 No 1 A A A A A A A A A A   KY Investment Refinance - Rate/Term   A A A A     A A   N/A No
226275610             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/24/2026 No 1 A A A A A A A A A A   MN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275611             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/24/2026 No 1 A A A A A A A A A A   MN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
226275612             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/23/2026 No 1 A A A A A A A A A A   IN Investment Purchase   C A C A     A A   N/A No
226275612             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Assets were not provided in the loan file.       Reviewer Comment (2026-07-24): Received Bank statement, exception cleared.


Seller Comment (2026-07-23): Comment from (redacted) ((redacted)LLC): attached
 07/24/2026     No 1 C A C A C A C A C A   IN Investment Purchase   C A C A     A A   N/A No
226275612             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Assets were not provided in the loan file.       Reviewer Comment (2026-07-24): Received Bank statement, exception cleared.


Seller Comment (2026-07-23): Comment from (redacted) ((redacted)LLC): attached
 07/24/2026     No 1 C A C A C A C A C A   IN Investment Purchase   C A C A     A A   N/A No
226275613             Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.           Reviewer Comment (2026-08-03): provided


Seller Comment (2026-07-31): Comment from (redacted) ((redacted)): Please see updated insurance with rent loss coverage included, attached.
 08/03/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A     A A   N/A No
226275614             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy. Title Evidence: ___               07/30/2026 No 1 A A A A A A A A A A   DE Investment Purchase   A A A A     A A   N/A No
226275615             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2026-02-06): FTP provided
 02/06/2026     No 1 A A A A A A A A A A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275615             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2026-02-06): COGS provided


Buyer Comment (2026-02-06): open corporates showing business is active


Reviewer Comment (2026-02-06): (redacted)


Buyer Comment (2026-02-04): (redacted)


Reviewer Comment (2026-02-03): Received Business Entity Listing with incorrect business. Please provide Certificate of Good Standing with the name of '(Redacted), a Texas Limited Liability Company'. Exception remains.


Buyer Comment (2026-01-30): See attached
 02/06/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275615             Credit Credit Miscellaneous Guideline Credit Exception:   Provide the clear title policy. Blanket lien on title.       Reviewer Comment (2026-02-06): Clear FTP provided


Buyer Comment (2026-02-06): Clear title policy
 02/06/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275616             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided           Reviewer Comment (2026-01-20): Articles provided


Buyer Comment (2026-01-16): see attached
 01/20/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275616             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Document is not dated. Must be within xxx days of closing.       Reviewer Comment (2026-01-20): COGS with pull date provided


Buyer Comment (2026-01-16): see attached
 01/20/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
226275617             Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided   Appraisal reflects tenant occupied. Lease agreement or updated xxxx with actual rents required per guidelines for refinances. Lower of is used to qualify.       Reviewer Comment (2026-02-11): Received and associated updated Comparable Rent Schedule. Exception cleared.


Buyer Comment (2026-02-10): updated appraisal


Reviewer Comment (2025-12-16): This was discussed with (redacted) management, (redacted). Per guidelines, the lower of is used to qualify. The xxxx does not reflect the actual rents. (redacted) indicated the actual rents would need to be added to the xxxx. Or a lease can also be provided with actual rents.


Buyer Comment (2025-12-16): We go by the appraisal amounts, we do not require leases unless there is an issue with an empty property that shows as tenant occupied.


Reviewer Comment (2025-12-16): Provide the lease agreement or xxxx with actual rents.
 02/11/2026     No 1 C A C A C A C A C A   DC Investment Refinance - Rate/Term   D A D A     A A   N/A No
226275617             Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Title reflects the lien being paid through closing had a modification recorded. Provide the modification agreement. Must be guideline requirements.       Reviewer Comment (2026-02-10): Received and associated Modification Agreement. Exception cleared.


Buyer Comment (2026-02-06): Attached loan mod agreement from xxxx.  over xx months and would not have an impact on investor advantage program
 02/10/2026     No 1 C A C A C A C A D A   DC Investment Refinance - Rate/Term   D A D A     A A   N/A No
226275617             Credit Credit Miscellaneous Guideline Credit Exception:   Provide the clear title policy. Delinquent taxes on title not paid through closing.       Reviewer Comment (2026-01-02): Documentation provided; exception cleared.


Buyer Comment (2025-12-30): see attached
 01/02/2026     No 1 C A C A C A C A C A   DC Investment Refinance - Rate/Term   D A D A     A A   N/A No
226275618             Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2026-03-27): Correct CDA provided


Buyer Comment (2026-03-27): CDA corrected


Buyer Comment (2026-03-27): Corrected CDA


Reviewer Comment (2026-03-26): The CDA in file at time of review and uploaded to trailing documents x/xx is not for the subject property. Subject property is xxx. CDA is xxx.


Buyer Comment (2026-03-25): cda


Buyer Comment (2026-03-25): cda was already uploaded
 03/27/2026     No 1 D A D A D A D A D A   TN Investment Purchase   D A A A     D A   N/A No
226275619             Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing. Hazard Insurance Policy Effective Date ___, Disbursement Date: ___ Provide previous Hazard Insurance Policy.         04/22/2026     No 1 C A C A C A C A C A   WI Investment Purchase   C A C A     A A   N/A No
226275620             Compliance Compliance State Compliance State Late Charge Note Error: Note late charge percentage exceeds maximum per state   Note late charge percentage exceeds maximum per state. Standard late charge in NY is xx days x%.       Reviewer Comment (2026-04-23): Updated Note received and verified the details. Exception Cleared.


Buyer Comment (2026-04-21): see attached
 04/23/2026     No 1 B A B A B A B A B A   NY Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275620             Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception for proof of first month's rent and security deposit. The exception approval is missing sufficient compensating factors. Borrower has owned the subject property for at least x years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least x months.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least xx%.

The representative FICO score exceeds the guideline minimum by at least xx points.

The qualifying DSCR on the loan is greater than the guideline minimum.

Miscellaneous		 The DSCR of (redacted) is greater than the minimum required DSCR of (redacted)

No history of derogatory payments on credit		 SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC,Aggregator

Aggregator		 Reviewer Comment (2026-04-23): Client elects to waive with compensating factors.


Buyer Comment (2026-04-21): see attached
     04/23/2026 No 2 C B C B C B C B C B   NY Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
226275621             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   The file was missing Certificate of Good Standing.       Reviewer Comment (2026-04-21): Received CoGS., Condition cleared.


Buyer Comment (2026-04-21): See the attached Good Standing with the date of x/xx/xxxx


Reviewer Comment (2026-04-21): Received business listing document is not dated. Exception remains.


Buyer Comment (2026-04-17): Please see the attached
 04/21/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
226275622             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   The file was missing a copy of the Certificate of Good Standing.       Reviewer Comment (2026-04-22): Updated Certificate of Good Standing document received and verified. Exception cleared.


Buyer Comment (2026-04-21): See the dated attached


Reviewer Comment (2026-04-21): Provided articles of organization along with business entity search. Business entity search is missing document date. Provide business entity search with document date. Exception remains.


Buyer Comment (2026-04-19): See the attached that was in file if you can use it. If not, please use the other one I uploaded. Both are active and in good standing.


Buyer Comment (2026-04-19): Please see the attached
 04/22/2026     No 1 C A C A C A C A C A   GA Investment Purchase   C A C A     A A   N/A No
226275624             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   File is missing the certificate of good standing dated within xx days prior to note date.       Reviewer Comment (2026-04-21): Provided business entity document. Exception cleared.


Buyer Comment (2026-04-20): see attached
 04/21/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
226275631             Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete HUD-1 Missing Final HUD-1           Reviewer Comment (2026-05-04): Received certified closing statement. Exception cleared.


Buyer Comment (2026-05-01): see attached final SS
 05/04/2026     No 1 D A D A D A D A D A   CA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
226275631             Credit Credit Miscellaneous Guideline Credit Exception:   File is missing a signed/dated close out letter by the borrower for the Heloc paid off at closing.       Reviewer Comment (2026-05-01): Cleared. Received close-out letter.


Buyer Comment (2026-04-30): see close out letter attached
 05/01/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
226275634             Credit Credit Miscellaneous Guideline Credit Exception:   File is missing the most recent xx month payment history for the mortgage on the subject property.       Reviewer Comment (2026-05-18): Received xx months pay history for subject mortgage. Exception cleared.


Buyer Comment (2026-05-15): see attached


Buyer Comment (2026-05-14): see attached
 05/18/2026     No 1 C A C A C A C A C A   NV Investment Refinance - Rate/Term   C A C A     A A   N/A No
226275637             Credit Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete HUD-1 Missing Final HUD-1           Reviewer Comment (2026-05-21): Received final stamped true and certified copy of closing statement in the file. Exception Cleared.


Buyer Comment (2026-05-19): see attached


Reviewer Comment (2026-05-15): Provided closing statement is stamped and provided as Final. However, Disbursement date is prior to the note date or closing date. Exception remains.


Buyer Comment (2026-05-14): see attached email from closing agent


Reviewer Comment (2026-05-14): Closing Statement provided is not executed/signed. Please provide closing statement with signed. Exception remains.


Buyer Comment (2026-05-12): see attached
 05/21/2026     No 1 D A D A D A D A D A   OR Investment Refinance - Rate/Term   D A D A     A A   N/A No
226275639             Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2026-05-15): Received Final Title policy. Exception cleared
 05/15/2026     No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   D A D A     A A   N/A No
226275639             Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The Preliminary Title Policy is within CA and does not reflect a coverage amount (no Final Title Policy was found in the file). Unable to determine if appropriate coverage was provided.       Reviewer Comment (2026-05-15): Received Final Title policy with updated policy amount. Exception cleared


Buyer Comment (2026-05-13): see attached FTP
 05/15/2026     No 1 B A B A B A B A B A   CA Investment Refinance - Rate/Term   D A D A     A A   N/A No
226275639             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided   The file was missing a copy of the Articles of Organization/Formation.       Reviewer Comment (2026-05-15): Received Articles of Organization/Formation. Exception cleared.


Buyer Comment (2026-05-13): see attached Articles of Organization
 05/15/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   D A D A     A A   N/A No
226275639             Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided   The file was missing a copy of the Security Instrument.       Reviewer Comment (2026-05-15): Received Security Instrument. Exception cleared.


Buyer Comment (2026-05-13): see attached DOT
 05/15/2026     No 1 D A D A D A D A D A   CA Investment Refinance - Rate/Term   D A D A     A A   N/A No
226275642             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing in file.       Reviewer Comment (2026-05-12): Received Business Purpose Certificate. Exception cleared.


Buyer Comment (2026-05-11): BPC
 05/12/2026     No 1 C A C A C A C A C A   IL Investment Purchase   C A C A A A A A   N/A No
226275646             Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Appraisal was provided to the borrower on xx/xx/xxxx but we are missing proof of receipt at least three (x) business days prior to closing.       Buyer Comment (2026-05-15): Acknowledged non material EVx


Reviewer Comment (2026-05-15): Received Appraisal timing Waiver. However Appraisal report provided has a report date as xx/xx/xxxx which is within x business  days of the note date xx/xx/xxxx. Provide Prior appraisal report which is more than x business days prior to the note date along with delivery instructions. Exception remains.


Buyer Comment (2026-05-14): Appraisal delivery timing waiver
     05/15/2026 No 2 B B B B B B B B B B   NM Investment Purchase   B B A A B B A A   N/A No
226275648             Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation Unable to determine if the borrower signed a valuation receipt acknowledgment due to missing information. The verification appraisal delivered to the borrower was not provided.       Reviewer Comment (2026-05-18): Cleared. Delivery provided.


Buyer Comment (2026-05-15): Appraisal delivery
 05/18/2026     No 1 B A B A B A B A B A   NC Investment Purchase   B A A A B A A A   N/A No
226275650             Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Missing FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure for property located in a flood zone. Creditor did not provide a Notice of Special Flood Hazard Disclosure for property located in a flood zone. EVx       Reviewer Comment (2026-05-20): Received Notice of Special Flood Hazard. Exception cleared.


Buyer Comment (2026-05-19): Notice of Special Flood Hazard
 05/20/2026     No 1 B A B A B A B A B A   NC Investment Purchase   B A A A B A A A   N/A No
226275653             Credit Business Purpose General Business Purpose Missing Document: Spousal Consent not provided. - Personal guaranties from community property states must be accompanied with a Spousal Consent Form.       Reviewer Comment (2026-05-28): Not required in CA.


Buyer Comment (2026-05-28): The seller's Venice program guidelines page xx, does not require spousal consent form for the state of CA.
 05/28/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C A C A A A A A   N/A No
226275653             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Bylaws not provided   Bylaws are missing in file, hence unable to verify the borrower's ownership in business.       Reviewer Comment (2026-05-21): Received Bylaws for entity. Exception cleared.


Buyer Comment (2026-05-19): bylaws
 05/21/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C A C A A A A A   N/A No
226275653             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Require Certificate of Good Standing within xxx days of note date.       Reviewer Comment (2026-05-21): Received Certificate of Good Standing. Exception cleared.


Buyer Comment (2026-05-19): cert of good standing
 05/21/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C A C A A A A A   N/A No
226275653             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   Employer Identification Number (EIN) required as per guide.       Reviewer Comment (2026-05-21): Received Employer Identification Number (EIN). Exception cleared.


Buyer Comment (2026-05-19): EIN
 05/21/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C A C A A A A A   N/A No
226275653             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided           Reviewer Comment (2026-05-21): Received Corporate resolution in lieu of Operating Agreement. Exception cleared.


Buyer Comment (2026-05-19): OP AGREEMENT
 05/21/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C A C A A A A A   N/A No
226275655             Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Deposit receipt was not found in file for $xx,xxx.xx of proceeds from secured loan.       Reviewer Comment (2026-06-09): Received Bank statement, HELOC statement along with letter from lender where only $xx,xxx were considered for closing and reserve requirement. Exception Cleared.


Buyer Comment (2026-06-08): Bank Statement


Buyer Comment (2026-06-08): LOX


Buyer Comment (2026-06-08): Lender's response: only $xxK withdrawn from HELOC for closing & reserves
 06/09/2026     No 1 C A C A C A C A C A   MA Investment Purchase   C A C A A A A A   N/A No
226275655             Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   Missing OFAC search.       Reviewer Comment (2026-05-28): Received Confirmation of service (watchlist) confirming the OFAC search for the borrower. Exception cleared.


Buyer Comment (2026-05-27): COS
 05/28/2026     No 1 C A C A C A C A C A   MA Investment Purchase   C A C A A A A A   N/A No
226275655             Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Deposit receipt was not found in file for $xx,xxx.xx of proceeds from secured loan.       Reviewer Comment (2026-06-17): Received Updated xxxx with additional assets added to the asset section. Exception cleared.


Buyer Comment (2026-06-15): xxxx


Reviewer Comment (2026-06-11): Received Additional Asset from Principal (redacted) xxxK until xx/xxxx to meet reserve requirement. However Final xxxx does not reflects this account in the asset section. Provide corrected and updated xxxx with Asset section xa updated with Principal #xxxx as asset considered for qualification. Exception remains.


Buyer Comment (2026-06-10): (Redacted) May's Statement


Buyer Comment (2026-06-10): Additional assets


Reviewer Comment (2026-06-09): Received HELOC statement, bank statement and LOE from lender considering the HELOC amount. Required balance for closing and Reserve is $xxx,xxx.xx  ($xxx,xxx.xx + POCB $xxx + EMD $xx,xxx + Reserve $xx,xxx.xx). Available for Closing and reserve  (redacted) #xxxx $xxx,xxx.xx ($x,xxx.xx + $xxx,xxx.xx = $xxx,xxx.xx) and EMD $xx,xxx Total available for closing and reserve is $x,xx,xxx.xx There is a shortfall for x,xxx.xx to meet reserve requirement. Provide additional asset to meet reserve requirement. Exception remains.


Buyer Comment (2026-06-08): Transaction history


Buyer Comment (2026-06-08): LOX


Buyer Comment (2026-06-08): Bank Statement


Buyer Comment (2026-06-08): Lender's response: only $xxK withdrawn from HELOC for closing & reserves
 06/17/2026     No 1 C A C A C A C A C A   MA Investment Purchase   C A C A A A A A   N/A No
226275655             Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Deposit receipt was not found in file for $xx,xxx.xx of proceeds from secured loan.       Reviewer Comment (2026-06-09): Received Bank statement, HELOC statement along with letter from lender where only $xx,xxx from HELOC #xxxx were considered for closing and reserve requirement. Funds for closing were sent from (redacted) #xxxx on xx/xx/xxxx.  Exception Cleared.


Buyer Comment (2026-06-08): Transactions


Buyer Comment (2026-06-08): Bank Statement


Buyer Comment (2026-06-08): Lender's response: only $xxK withdrawn from HELOC for closing & reserves
 06/09/2026     No 1 C A C A C A C A C A   MA Investment Purchase   C A C A A A A A   N/A No
226275660             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Bylaws not provided   Bylaws are missing in file.       Reviewer Comment (2026-07-09): Received ByLaws and operating agreement confirming borrowers ownership. Exception Cleared.


Buyer Comment (2026-07-08): By laws


Buyer Comment (2026-07-08): Operating agreement


Reviewer Comment (2026-06-24): Received Unsigned Bylaws without the information of Borrower's ownership in the corporation. Provide complete and signed Bylaws that defines the borrower's ownership in the corporation. Exception remains.


Buyer Comment (2026-06-23): Bylaws
 07/09/2026     No 1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A A A A A   N/A No
226275661             Credit Credit Credit Documentation Guideline Aged document: Credit Report  is more than 90 days prior to the note date. - Credit Report date is more than xx days prior to the note date or notary date, therefore an updated credit report is required as per guide.       Reviewer Comment (2026-06-16): Received revised credit report dated xx/xx/xxxx. Exception cleared.


Buyer Comment (2026-06-12): upd cr rpt
 06/16/2026     No 1 C A C A C A C A C A   SD Investment Refinance - Cash-out - Other   C A C A A A A A   N/A No
226275662             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Bylaws not provided   (redacted) Bylaws are missing and % of Business Ownership not provided.       Reviewer Comment (2026-06-26): Business Ownership Confirmed. (redacted) owned by (redacted) in which our borrower is xx% owners meets the guide requirement of xx%. Exception Cleared.


Buyer Comment (2026-06-24): Per (redacted): Is the document requested in file xxxxxxxxxxxx / Max ID xxxxxx as it was not requested?


Buyer Comment (2026-06-24): LOE
 06/26/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C B C A B B A A   N/A No
226275662             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   EIN document provided is not for (redacted)       Reviewer Comment (2026-06-26): Received Employer Identification Number (EIN). Exception cleared.


Buyer Comment (2026-06-24): EIN
 06/26/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C B C A B B A A   N/A No
226275662             Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. File contains evidence that the provided appraisal report is an updated report. Delivery confirmations dated earlier than the report date of the report located in the file. Lender to provide all previous appraisal reports/updates.       Buyer Comment (2026-06-26): Seller cannot clear - Acknowledged as non-material.
     06/26/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   C B C A B B A A   N/A No
226275663             Property Valuation Valuation Issue Valuation MaxEx program guidelines require a CDA (Desk Review)   The file is missing a copy of the secondary valuation required for securitization purposes. No CU Score provided.       Reviewer Comment (2026-06-26): Received LCA score of x.x as per guide, files requiring an appraisal review product available are: The lender may submit a appraisal report to Collateral Underwriter (CU) or Loan Collateral Advisor (LCA) . An eligible score is x.x or less. The file must include copy of the Submission Summary Report (SSR). Hence CDA not required. Exception cleared.


Buyer Comment (2026-06-24): FHLMC UCDP x.x
 06/26/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   D B D A B B C A   N/A No
226275663             Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided   Guarantor Agreement is missing in file.       Reviewer Comment (2026-06-26): Received signed Guarantor Agreement. Exception cleared.


Buyer Comment (2026-06-24): Guaranty Agreement
 06/26/2026     No 1 D A D A D A D A D A   CA Investment Refinance - Cash-out - Other   D B D A B B C A   N/A No
226275663             Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Evidence that the verification appraisal was delivered to the borrower was provided, but evidence that the appraisal was received at least three (x) days prior to closing is missing.       Buyer Comment (2026-06-24): Acknowledged as non-material.


Buyer Comment (2026-06-24): lender did not follow ECOA on DSCR.
     06/24/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   D B D A B B C A   N/A No