Exhibit 99.01 - Schedule 2
Exception Grades
Run Date - 9/16/2026 5:19:02 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 |
| [redacted] | 2138583 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2026-02-26): COGS provided Buyer Comment (2026-02-26): Attached |
02/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2138583 | [redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Shortfall $ [redacted] . Provide the RCE. | Reviewer Comment (2026-03-04): HOI policy provided with increased coverage at time of closing. Buyer Comment (2026-03-03): see attached Reviewer Comment (2026-02-26): The value is only used if no RCE is provided or estimated cost new. The estimated cost new is $[redacted]on the appraisal x [redacted]% = $[redacted]. Coverage is $[redacted]. Shortfall $[redacted]. Provide the RCE. Buyer Comment (2026-02-26): HOI reflects $[redacted]in building coverage. Property value is $[redacted]; not sure where the discrepancy is? Please clear based on this info or let us know. |
03/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2167109 | [redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | The Subject property address is [redacted] . The HOI reflects [redacted] . Please provide corrected HOI reflecting the subject's correct city name. | Reviewer Comment (2026-05-06): Received Zip Code Lookup with [redacted]as the recognized City name for the Zip Code [redacted], Exception Cleared Buyer Comment (2026-05-05): Both cities are recognized. See attached |
05/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [redacted] | 2191912 | [redacted] | XXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML [redacted] Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted] % or Final Disclosure APR of [redacted] % is equal to or greater than the threshold of APOR [redacted] % + [redacted] %, or [redacted] %. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2026-07-21): Doc [redacted]provided Buyer Comment (2026-07-17): Loan is HPML but we have escrows on the file, please clear |
07/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [redacted] | 2191912 | [redacted] | XXXX | 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 ( [redacted] ) business days prior to consummation. | Reviewer Comment (2026-07-21): Doc [redacted]provided Buyer Comment (2026-07-17): Delivery Certs for all items. |
07/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [redacted] | 2191912 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing a CPA letter or Cash flow analysis to determine usability of funds for the business account. | Reviewer Comment (2026-07-21): Document provided [redacted] Buyer Comment (2026-07-17): BALANCE SHEET & Liquidity Worksheet |
07/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [redacted] | 2191938 | [redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Flood insurance coverage amount is insufficient. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC | Reviewer Comment (2026-02-11): Waived with compensating factors per lender request. Buyer Comment (2026-02-09): Lender accepts. Please waive with available compensating factors. |
02/11/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| [redacted] | 2191918 | [redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Reviewer Comment (2026-04-06): The Certificate of Non-Owner Occupied received showing the borrower(s) at different address than the subject. Exception Cleared. Buyer Comment (2026-04-02): please see attached |
04/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2191915 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | File missing Articles of Organization for borrowing entity and sub-borrowing limited partnership. | Reviewer Comment (2026-05-18): Articles of Organization received Buyer Comment (2026-05-15): See entity documents uploaded on [redacted]. Buyer Comment (2026-05-14): Entity Review from [redacted] and Entity Certificates in file. |
05/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191915 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | File missing certificate of good standing for all borrowing entities listed on subject Note. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | SitusAMC | Reviewer Comment (2026-07-30): Waived with compensating factors per client direction for sub entity [redacted]. Reviewer Comment (2026-07-30): Cleared in error. Still pending for [redacted]. Reviewer Comment (2026-07-30): Received [redacted]for borrowing entity. Still pending for [redacted], as the document provided indicates it is not an official certificate. Reviewer Comment (2026-07-29): [redacted]received for borrowing entity. The document received for [redacted]states across the top this is not an official certificate of status and is watermarked with the same verbiage and is unable to be used to clear this condition. Reviewer Comment (2026-07-14): Received same documents as in previous submission. The document provided for [redacted]states at the top in red it is not an official certificate of status. Further, we have not received the [redacted]for the borrowing entity, Next Chapter [redacted]. Buyer Comment (2026-07-14): [redacted]and [redacted]documents uploaded. Reviewer Comment (2026-05-18): Received [redacted]for [redacted]. Pending receipt of [redacted]for borrowing entity and sub entity [redacted]. The document provided for [redacted]states in red across the top that it is not a certificate of good standing. Buyer Comment (2026-05-15): Entity documentation. Buyer Comment (2026-05-14): See Entity Review from [redacted] uploaded[redacted] and Entity Certificates in file. |
07/30/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||
| [redacted] | 2191915 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | File is missing EIN for all borrowing entities listed on Note. | Reviewer Comment (2026-07-20): Received Employer Identification Number (EIN) for all three business entities. Exception cleared. Buyer Comment (2026-07-16): [redacted]ITIN and Borrowing Certificate. Reviewer Comment (2026-07-14): The documents uploaded on [redacted]do not contain the EIN numbers for the borrowing entity and all sub entities. If lender relied on attorney review letter, it also does not state the EINs of the borrowing entities and also does not state this information was provided as part of their review. Buyer Comment (2026-07-14): See documents uploaded[redacted]. Reviewer Comment (2026-05-18): EIN still required for [redacted]. Buyer Comment (2026-05-15): See entity documents uploaded on[redacted]. Buyer Comment (2026-05-14): See Entity Review from[redacted] uploaded [redacted] and Entity Certificates in file. |
07/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191915 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Limited Partnership Agreement not provided | Limited Partnership agreement not provided for sub-borrowing entity on Note. | Reviewer Comment (2026-05-18): Limited Partnership Agreement received in trailing documents. Buyer Comment (2026-05-15): See entity documents uploaded on[redacted]. Buyer Comment (2026-05-14): See Entity Review from [redacted] uploaded [redacted] and Entity Certificates in file. |
05/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191915 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | File is missing operating agreements for borrowing entity. | Reviewer Comment (2026-05-18): Received operating agreement for borrowing entity. Buyer Comment (2026-05-15): See entity documents uploaded on [redacted]. Buyer Comment (2026-05-14): See Entity Review from [redacted] uploaded[redacted] and Entity Certificates in file. |
05/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191915 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bylaws not provided | Missing bylaws for sub-borrowing corporation listed on Note. | Reviewer Comment (2026-05-18): [redacted]received for sub-borrowing entity. Buyer Comment (2026-05-15): See entity documents uploaded on [redacted]. Buyer Comment (2026-05-14): See Entity Review from [redacted] uploaded [redacted] and Entity Certificates in file. |
05/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191915 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Incorporation not provided | Missing Articles of Incorporation for sub-borrowing corporation listed on Note. | Reviewer Comment (2026-05-18): Articles of incorporation received. Buyer Comment (2026-05-15): See entity documents uploaded on[redacted]. Buyer Comment (2026-05-14): See Entity Review from [redacted] uploaded [redacted] and Entity Certificates in file. |
05/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191915 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | File is missing all operating agreement/bylaws/limited partnership agreements to determine signing authority for the subject transaction. | Reviewer Comment (2026-07-29): Borrowing certificate, signed by all members, received in trailing documents. Reviewer Comment (2026-07-14): Signing authority not received. If lender is referencing the attorney review letter provided, it also does not grant signing authority to one individual. Signing authority, executed by all members of all entities, giving our guarantor authority to bind the company, will be required for review of this condition. Buyer Comment (2026-07-14): See documents uploaded [redacted]. Reviewer Comment (2026-05-18): The limited partnership agreement for [redacted]reflects [redacted]additional members and file does not contain signing authority for our guarantor to bind the company. Please provide signing authority. Buyer Comment (2026-05-15): See entity documents uploaded on [redacted]. Buyer Comment (2026-05-14): See Entity Review from [redacted] uploaded [redacted] and Entity Certificates in file. |
07/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191915 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Per title commitment, Item [redacted] indicates a warranty deed with a complete legal description will be required and this was not provided in the loan file. | Reviewer Comment (2026-05-20): Deed Buyer Comment (2026-05-18): See attached Deed. |
05/20/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191915 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | The source of funds for the $ [redacted] gift was not provided in the file. File contains bank statement reflecting deposit of funds; however, per guidelines, a copy of the donor's cleared check or withdrawal slip is also required when funds are transferred prior to consummation of the loan. | Reviewer Comment (2026-05-20): Donor account statement. Buyer Comment (2026-05-19): Donor bank statement reflecting the transfer of gift funds to the borrower. |
05/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191916 | [redacted] | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | The homeowner's insurance declarations page in the file verified an effective date of [redacted] , which is after the Note date [redacted] . Provide a revised homeowner's insurance declaration page or policy verifying coverage in effect at or prior to consummation. | Reviewer Comment (2026-05-21): HOI policy received. Buyer Comment (2026-05-19): [redacted]- [redacted]Hazard Policy |
05/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191916 | [redacted] | XXXX | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | File is missing complete [redacted] month housing history for primary residence. [redacted] months were reported on credit for current residence, and the file is missing prior housing history. | Reviewer Comment (2026-06-09): Rent checks and lease. Buyer Comment (2026-06-05): Lease Agreement. Reviewer Comment (2026-05-18): Received copies of cancelled checks; however, a VOR or lease agreement reflecting lease amount will be required for review of this condition. Buyer Comment (2026-05-15): [redacted]month housing history. |
06/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191916 | [redacted] | XXXX | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | Updated HOI policy, in effect at time subject loan closed, does not reflect the new lender as the mortgagee holder. Please provide evidence mortgagee clause was updated at or before consummation. | Reviewer Comment (2026-07-30): Updated HOI received in trailing documents. Buyer Comment (2026-07-30): Updated HOI Reviewer Comment (2026-07-29): Mortgagee clause on uploaded policy is incorrect. It shows consultant; however, Note reflects consultants. Further, the effective date of [redacted]is post-consummation date of [redacted]. Buyer Comment (2026-07-29): Please see upload. Reviewer Comment (2026-07-16): Received hazard insurance policy with mortgagee clause with lender "Only" name as "[redacted]" which is not matching with lender name on Note as "[redacted]". Require lender name as "[redacted]" Exception remains. Buyer Comment (2026-07-14): Policy for subject property, [redacted]. Reviewer Comment (2026-07-13): The policy received with the updated mortgagee clause dated on or before consummation is not for our subject property. It is for an REO on Springfield. Please provide evidence the mortgagee clause was updated at or before consummation. Reviewer Comment (2026-06-22): Received hazard insurance policy's insured address is not matching with subject property address. Exception remains. Buyer Comment (2026-06-18): Updated Homeowners Insurance. |
07/30/2026 | No | 1 | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| [redacted] | 2191916 | [redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within [redacted] days of the Note Date. | Hazard Insurance Policy Expiration Date ___, Note Date ___ | Policy provided in file expires [redacted] , which is less than [redacted] days from Note date, and there is no evidence the renewal premium was paid at closing. | Reviewer Comment (2026-07-13): Final HUD reflects escrow account established and renewal policy, as well as current policy, received. Reviewer Comment (2026-06-22): Received hazard insurance policy's insured address is not matching with subject property address. Exception remains. Buyer Comment (2026-06-18): See updated homeowners' insurance uploaded[redacted]. |
07/13/2026 | No | 1 | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||||
| [redacted] | 2191920 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Reviewer Comment (2026-05-15): Received in trailing documents. |
05/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| [redacted] | 2191920 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2026-05-15): Entity formed within past [redacted]months per articles received in trailing documents and COGS not required. |
05/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| [redacted] | 2191920 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Reviewer Comment (2026-07-28): Operating agreement received in trailing docs reflects [redacted]members who are our guarantors. Buyer Comment (2026-07-27): Uploaded cert of formation and company agreement. Reviewer Comment (2026-07-20): Provided guarantee agreement was already available on file at initial review. Require borrower certification or signing authority from both members allowing our guarantor to bind the company. Exception Remains. Buyer Comment (2026-07-16): Personal Guaranty signed by both members. Reviewer Comment (2026-06-02): Received same operating agreement as in original submission. While it does state the manager can bind the company, per page [redacted]of the agreement, both individuals are members and both signed as members on the signature page. Need signing authority from both members allowing our guarantor to bind the company. Buyer Comment (2026-05-29): See Updated Operating Agreement showing borrower as the authorized signer uploaded [redacted]. |
07/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| [redacted] | 2191920 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Reviewer Comment (2026-05-15): Received operating agreement in trailing docs. |
05/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| [redacted] | 2191920 | [redacted] | XXXX | 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 ___. | Lender approved exception request- LTV is [redacted] . Appraisal came in shorter than expected. | The qualifying DSCR on the loan is greater than the guideline minimum. | The DSCR of [redacted] is greater than the minimum required DSCR of [redacted]. | Originator,SitusAMC | Reviewer Comment (2026-05-28): Waived per lender exception approval. Buyer Comment (2026-05-26): See updated exception form. Buyer Comment (2026-05-26): Updated Exception Form. Reviewer Comment (2026-05-14): Provide an updated lender exception with accurate comp factors. DSCR is [redacted]vs [redacted]and the FICO score is [redacted]vs [redacted]as stated on the LE. Reviewer Comment (2026-05-14): Waived in error. Reviewer Comment (2026-05-14): Waived with compensating factors per lender exception approval at origination. |
05/28/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| [redacted] | 2191920 | [redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Minimum Loan Amount discrepancy. | Note loan amount of ___ is less than Guideline minimum loan amount of ___. | Lender approved exception request- LTV is [redacted] . Appraisal came in shorter than expected. Max LTV [redacted] % loan amount $ [redacted] . | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The qualifying DSCR on the loan is greater than the guideline minimum. |
Reserves: [redacted] Guideline Requirement: [redacted] The DSCR of [redacted] is greater than the minimum required DSCR of [redacted]. |
SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-05-28): Waived with compensating factors per lender exception approval. Buyer Comment (2026-05-27): See updated exception form. Reviewer Comment (2026-05-14): Provide an updated lender exception with accurate comp factors. DSCR is [redacted]vs [redacted]and the FICO score is [redacted]vs [redacted]as stated on the LE. |
05/28/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| [redacted] | 2191920 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Per the operating agreement received for the borrowing entity, there is an additional [redacted] % member. Per guidelines, anyone who owns [redacted] % or more of the borrowing entity must guaranty the loan and credit qualify. File is missing guarantor agreement and all credit documents for the additional member listed on Schedule [redacted] of the operating agreement. | Reviewer Comment (2026-07-28): Credit report and credit application received in trailing documents. Buyer Comment (2026-07-27): Uploaded Company Agreement and Cert of Formation. Reviewer Comment (2026-07-20): Provided guarantee agreement was already available on file at initial review. Require borrower certification or signing authority from both members allowing our guarantor to bind the company. Exception Remains. Buyer Comment (2026-07-16): See Personal Guaranty signed both borrowers. Reviewer Comment (2026-06-02): Received same OA as in original submission. Per guidelines, any member who owns [redacted]% or more of the borrowing entity must guarantee the loan. [redacted] [redacted]% per the OA provided and is required to guaranty the loan. Buyer Comment (2026-05-29): Updated Operating Agreement showing borrower as the authorized signer. |
07/28/2026 | No | 1 | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||||||
| [redacted] | 2191920 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | A credit report was not pulled for all members of the borrowing entity as required by guidelines. | - | Per guidelines, all individuals who own [redacted] % or more of the borrowing entity are required to guaranty the loan and credit qualify. Per the operating agreement received in trailing documents, a second individual owns [redacted] % of the borrowing entity and file does not contain a credit report for this individual as required. | Reviewer Comment (2026-07-16): Received Credit Report. Exception Cleared. Buyer Comment (2026-07-14): Credit Report, 1003 and Fraud Report uploaded. Reviewer Comment (2026-06-16): Credit report received reflects it was updated [redacted], which is post-consummation. Please provide pre-consummation credit report. Buyer Comment (2026-06-12): Co-owner's Credit Report and Loan Application. Reviewer Comment (2026-06-02): Received same OA as in original submission. Per guidelines, any member who owns [redacted]% or more of the borrowing entity must guarantee the loan. [redacted] [redacted]% per the OA provided and is required to guaranty the loan. Buyer Comment (2026-05-29): See Updated Operating Agreement showing borrower as the authorized signer uploaded[redacted]. |
07/16/2026 | No | 1 | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||||||
| [redacted] | 2191920 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: 1003 Final not provided | Per guidelines, all individuals who own [redacted] % or more of the borrowing entity are required to guaranty the loan and credit qualify. Per the operating agreement received in trailing documents, a second individual owns [redacted] % of the borrowing entity and file does not contain a credit application for this individual as required. | Reviewer Comment (2026-07-16): Received 1003 Application with signed and dated. Exception Cleared. Buyer Comment (2026-07-14): See documents uploaded[redacted]. Reviewer Comment (2026-06-16): 1003 received is not signed/dated by any party. A signed 1003 for [redacted] will be required for review of this condition. Buyer Comment (2026-06-12): See Co-owner's Credit Report and Loan Application uploaded [redacted]. Reviewer Comment (2026-06-02): Received same OA as in original submission. Per guidelines, any member who owns [redacted]% or more of the borrowing entity must guarantee the loan. [redacted] [redacted]% per the OA provided and is required to guaranty the loan. Buyer Comment (2026-05-29): See Updated Operating Agreement showing borrower as the authorized signer uploaded[redacted]. |
07/16/2026 | No | 1 | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||||||
| [redacted] | 2191920 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | File is missing full fraud report for second [redacted] % owner of borrowing business, [redacted]. | Reviewer Comment (2026-07-21): Received Fraud Report. Exception Cleared. Buyer Comment (2026-07-17): Fraud Report to include [redacted] Reviewer Comment (2026-07-16): The provided fraud report is incomplete. The complete fraud report, including all pages required. Exception Remains. Buyer Comment (2026-07-14): See documents uploaded[redacted]. |
07/21/2026 | No | 1 | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||||||
| [redacted] | 2191920 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud Report is missing for [redacted] . | Reviewer Comment (2026-07-21): Received Fraud Report. Exception Cleared. Buyer Comment (2026-07-17): See Fraud Report uploaded [redacted]. |
07/21/2026 | No | 1 | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||||||
| [redacted] | 2191924 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing OFAC for business entity. | Reviewer Comment (2026-06-04): Fraud Report. Buyer Comment (2026-06-02): Fraud Report to include entity. |
06/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191930 | [redacted] | XXXX | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | Note Address: [redacted] . Flood Address: [redacted] . | Reviewer Comment (2026-06-08): Flood cert. Buyer Comment (2026-06-04): Flood |
06/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191946 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is living rent free with spouse. This does not meet guidelines. File is missing underwriter discretion documentation. | Reviewer Comment (2026-06-08): 1008 comments. Buyer Comment (2026-06-04): UW discretion |
06/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191941 | [redacted] | XXXX | Credit | Credit | Credit Eligibility | Credit | There are red flags on the fraud report that have not been addressed | - | Reviewer Comment (2026-06-09): Fraud Guard. Buyer Comment (2026-06-05): Please see attached clear [redacted]. |
06/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191944 | [redacted] | XXXX | 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 ___. | Calculated loan to value percentage of [redacted] % exceeds Guideline loan to value percentage of [redacted] %. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC | Reviewer Comment (2026-06-10): Waived with compensating factors per lender exception approval. Buyer Comment (2026-06-06): Exception Approval |
06/10/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| [redacted] | 2191922 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | File is missing evidence of the [redacted] payment for subject property and primary residence. | Reviewer Comment (2026-06-15): MTG Statements. Buyer Comment (2026-06-11): VOM [redacted] Primary Buyer Comment (2026-06-11): VOM[redacted] Subject |
06/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191937 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Estimated Provided. | Reviewer Comment (2026-06-05): Final SS. Buyer Comment (2026-06-03): PFA as requested |
06/05/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191927 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Living Rent Free with non spouse family not allowed per guideline. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
SitusAMC | Reviewer Comment (2026-06-17): Waived with compensating factors per lender exception approval. Buyer Comment (2026-06-15): exception |
06/17/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| [redacted] | 2191929 | [redacted] | XXXX | 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 (2026-06-09): Updated [redacted] Page. Buyer Comment (2026-06-05): Please see attached HOI .. see page 2. |
06/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2191952 | [redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | The Note document address is not matching the Hazard insurance document. The Note document shows " [redacted] ", while the Hazard insurance reflects " [redacted] ". | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-07-08): Waived with compensating factors per lender direction. Buyer Comment (2026-07-06): Please waive. Thank you. Reviewer Comment (2026-06-29): Please confirm that you would like us to waive the address reflecting as [redacted]on HOI, which does not match Note address. Buyer Comment (2026-06-25): Can you please downgrade this to an ev2 and waive to grade B? Reviewer Comment (2026-06-19): The provided Zip Code Lookup reflects the address as [redacted], while the Insurance reflects it as [redacted]. As per the note address, please provide a source document showing the address as [redacted]. Exception Remains. Buyer Comment (2026-06-17): Please see attached USPS. The property address is one building. |
07/08/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| [redacted] | 2191952 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | OFAC was not provided and is required. | Missing OFAC for the borrowing business entity. | Reviewer Comment (2026-06-19): Received business entity search for OFAC. Exception cleared. Buyer Comment (2026-06-18): Please see OFAC attached. |
06/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191954 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | For the primary residence, provide either a [redacted] -month pay history or a property report verifying it is owned free and clear with taxes paid current. | Reviewer Comment (2026-07-14): Received property profile report. Exception cleraed. Buyer Comment (2026-07-10): See attached. Buyer Comment (2026-07-10): Please see property profile attached for primary free & clear. Thank you. Reviewer Comment (2026-07-08): Received verification of mortgage of subject property and taxes paid for primary residence. Provide property profile report verifying primary residence is owned free and clear Buyer Comment (2026-07-06): Please see attached. Thank you. |
07/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191954 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The address on the following documents does not match the address reflected on the zip code lookup. The zip code lookup reflects [redacted] . The Note, Security Instrument, 1073, UCDP, and title reflect [redacted] . | Reviewer Comment (2026-07-14): Received updated zip code lookup. Exception cleared. Buyer Comment (2026-07-10): Please see attached SSR Buyer Comment (2026-07-10): Please see attached Updated Appraisal Buyer Comment (2026-07-10): Please see attached [redacted] zip code lookup Reviewer Comment (2026-07-08): Provided email rebuttal for property address validation, The note indicates that the property address should be validated using the [redacted] address; but the note address does not match with zip code look up. Snip also suggests Appraisals should be ordered using the USPS address. Exception remains Buyer Comment (2026-07-07): Please see attached rebuttal email from our VP of closing. Also, would you PLEASE review this with [redacted]& or [redacted]. Thanks so much. |
07/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191956 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | File is missing deed signed at closing transferring ownership to our borrower and verifying vesting. | Reviewer Comment (2026-06-18): Received Special Warranty Deed. Exception cleared. Buyer Comment (2026-06-16): Deed |
06/18/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191956 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Lien(s) negatively impacting title | Per title commitment, subject property is covered by blanket mortgage. Please provide evidence all mortgage liens have been released for prior owner. | Reviewer Comment (2026-07-20): Received final title policy reflecting no mortgage liens on subject Property. Exception cleared. Buyer Comment (2026-07-16): Final Title |
07/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191956 | [redacted] | XXXX | Credit | Credit | Credit Calculation / Analysis | Credit | Missing Document: Alternative Credit Documentation not provided | File is missing the required alternative credit documentation. File contains a financial reference letter reflecting the type of account, length of relationship, how the account is held and the current balance; however, it does not confirm no negative balances or NSFs in prior [redacted] months as required. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. |
Reserves: [redacted] Guideline Requirement: [redacted] Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] |
Originator,SitusAMC SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-06-30): Waived with compensating factors per lender approved exception. Buyer Comment (2026-06-26): exception Reviewer Comment (2026-06-25): Exception received; however, DSCR comp factor is incorrect per review. Please update DSCR to [redacted]per TPR review. Buyer Comment (2026-06-23): exception Reviewer Comment (2026-06-18): No new document received. Per letter, current outstanding is [redacted]Pesos which does not prove, there was no late payment in prior [redacted]months. Require [redacted]months payment history. Exception remains. Buyer Comment (2026-06-16): Letter meets credit reference guidelines, One credit reference letter from a verified foreign financial institution stating: o Type of account o Length of relationship o Payment amount o Outstanding balance o Status confirming no late payments in the past [redacted]months Credit letter provided states the obligation is up to date with its payments. |
06/30/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||
| [redacted] | 2191956 | [redacted] | XXXX | 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 ___. | Per guidelines, maximum LTV for a purchase transaction as a first-time investor is [redacted] %. Loan was approved at [redacted] % LTV. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. |
Reserves: [redacted] Guideline Requirement: [redacted] Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-06-18): Waived with compensating factors per lender exception approval. Buyer Comment (2026-06-16): exception |
06/18/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||
| [redacted] | 2191956 | [redacted] | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | - | File is missing evidence of condo warrantability. Subject to additional conditions once received. | Reviewer Comment (2026-06-18): Received HOA Questionnaire with all the required details. Exception cleared. Buyer Comment (2026-06-16): condo review form |
06/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||||
| [redacted] | 2191943 | [redacted] | XXXX | Credit | 1003 | Missing Document | 1003 | Missing Lender's Initial 1003/Application. | Provide a completed signed credit application for [redacted]. | Reviewer Comment (2026-06-22): DSC requires final signed application which is in the file. Exception cleared. Buyer Comment (2026-06-18): DSCR only requires Final signed app [redacted] |
06/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191953 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud report missing in loan file. | Reviewer Comment (2026-07-07): Received Fraud Report for Borrower. Exception Cleared. Buyer Comment (2026-07-02): Please see fraud report attached. Thank you. |
07/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191953 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | Background missing in loan file. | Reviewer Comment (2026-07-07): Received Background Check for Borrower. Exception Cleared. Buyer Comment (2026-07-02): Please see fraud report attached. |
07/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191953 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC missing in loan file. | Reviewer Comment (2026-07-09): Received OFAC for borrowing entity. Exception cleared. Buyer Comment (2026-07-07): Please see attached. Reviewer Comment (2026-07-07): Fraud Report Received for Guarantor "[redacted]". Provide OFAC for Borrower Business Entity "[redacted].,". Exception Remains. Buyer Comment (2026-07-02): Please see fraud report attached. Thank you. |
07/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191953 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | Reviewer Comment (2026-07-07): Received OFAC for Borrower. Exception Cleared. |
07/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2191953 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Reviewer Comment (2026-07-07): Received Fraud Report for Borrower. Exception Cleared. Buyer Comment (2026-07-02): Please see fraud report attached. Thank you. |
07/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198877 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud Report is missing in file. | Reviewer Comment (2026-07-31): Received required documentation. Condition cleared. Buyer Comment (2026-07-29): Please see the attached fraud report |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| [redacted] | 2198877 | [redacted] | XXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower is a first time home buyer and ineligible per guidelines. | - | Borrower is First Time Home Buyer. | Reviewer Comment (2026-08-04): Received evidence borrower owned property previously. Cleared. Buyer Comment (2026-07-31): Please see the attached |
08/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| [redacted] | 2198877 | [redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Require additional assets to meet cash from borrower requirement. | Reviewer Comment (2026-07-31): Received required documentation. Condition cleared. Buyer Comment (2026-07-29): See the attached email from the UW Buyer Comment (2026-07-29): Please see the attached. The UW email will follow |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198877 | [redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [redacted] is less than Guideline PITIA months reserves of [redacted] . | Reviewer Comment (2026-07-31): Received additional assets. Cleared. Buyer Comment (2026-07-29): Please see the attached |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198877 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Closing Protection Letter is missing in file. | Reviewer Comment (2026-07-31): Received required documentation. Condition cleared. Buyer Comment (2026-07-29): Please see the attached CPL |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2194132 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in file to allow the subject property as a condotel that is not part of a national brand. Open Road guidelines only allow condotels with DSCR transactions. Exception allows use of the Full Doc program. The appraisal in file and HOA questionnaire do not confirm the subject as a condotel. | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-06-24): Lender exception approval in file |
06/24/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | [redacted] | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | |||||||||
| [redacted] | 2194132 | [redacted] | XXXX | 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 ___. | Subject property is a non-warrantable condominium which requires an LTV haircut to [redacted] % per guidelines. Provided lender exception allows the change in guidelines program but does not waive the LTV haircut requirement. | Reviewer Comment (2026-06-30): Lender set exception for Program Guidelines instead of LTV Buyer Comment (2026-06-26): Credit exception in loan file does approve [redacted]% LTV. Please review details of transaction above the Exception Request Details, on the left of the page. LTV is stated at [redacted]% and is approved. |
06/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| [redacted] | 2194132 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Condotel is not a luxury brank and nationally recognized hotel, lender allowed Full Doc Program vs guidelines that only allow DSCR | Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-06-30): Lender exception approval in file |
06/30/2026 | Yes | 2 | B | B | B | B | B | [redacted] | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||||||
| [redacted] | 2194126 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Reviewer Comment (2026-06-24): Note Addendum - Prepayment received Exception Cleared Buyer Comment (2026-06-22): Please see attached note addendum. |
06/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | Yes | |||||||||||||||
| [redacted] | 2194126 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Reviewer Comment (2026-06-24): Received Buyer Comment (2026-06-24): Please see attached CPL. Reviewer Comment (2026-06-24): [redacted] Guidelines require CPL's except in [redacted] Buyer Comment (2026-06-22): We do not require [redacted] lenders to provide a CPL. Please waive condition. |
06/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2194126 | [redacted] | XXXX | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Lender guidelines require at least [redacted] months of rent loss coverage. Provided hazard policy does not disclose any business income coverage. | Reviewer Comment (2026-06-24): Rent Loss coverage confirmation received. Exception Cleared Buyer Comment (2026-06-22): Please see email from HOI company about rent loss. |
06/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2194126 | [redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Coverage policy is short by $ [redacted] . Provide replacement cost estimator or an updated insurance policy with full coverage. | Reviewer Comment (2026-06-24): Hazard coverage now sufficient with [redacted]% replacement cost confirmation received. Exception Cleared Buyer Comment (2026-06-22): Please see email from insurance company that states [redacted]% replacement cost. |
06/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2194129 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Please provide a complete document of signed Closing Statement; the provided Closing Statement is only the first page, which is incomplete. | Reviewer Comment (2026-06-30): Received Buyer Comment (2026-06-30): Final Settlement Statement |
06/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2194129 | [redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2026-06-30): Received final HUD1 with cash out to cover reserves Buyer Comment (2026-06-30): This was a cash-out refi, borrower received over $[redacted]which we can count towards reserve requirements. |
06/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| [redacted] | 2194129 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender allowed Rural DSCR/Investment Property. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | SitusAMC | Reviewer Comment (2026-06-29): Lender exception approval in file |
06/29/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| [redacted] | 2194129 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender allowed STR on C/O refinance without required [redacted] -month rental history. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | SitusAMC | Reviewer Comment (2026-06-29): Lender exception approval in file |
06/29/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| [redacted] | 2198049 | [redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-06-11): Final title. |
06/11/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2198049 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | File is missing a non-expired government-issued photo ID. | Reviewer Comment (2026-06-11): Drivers Lic. Buyer Comment (2026-06-09): [redacted]Driver's License attached. |
06/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198049 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title search shows negative impact on title. | File is missing evidence delinquent assessment and lien payable to the Owners' Association was paid prior to or at closing. | Reviewer Comment (2026-06-11): Final title. Buyer Comment (2026-06-09): Final title policy and title supplement showing item [redacted]/delinquent assessment to be removed. |
06/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198127 | [redacted] | XXXX | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Evidence: ___; State: ___ |
File does not contain a Supplemental Report reflecting the title policy amount. | Reviewer Comment (2026-06-26): Supplement received reflecting sufficient title coverage. Buyer Comment (2026-06-24): Title supplement attached |
06/26/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [redacted] | Investment | Refinance - Rate/Term | B | A | B | A | A | A | N/A | No | |||||||||||||
| [redacted] | 2198129 | [redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-07-01): Final title received |
07/01/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2198129 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing evidence borrower has ownership interest in the LLC vested on the title commitment provided, to determine continuity of ownership per guidelines. | Reviewer Comment (2026-07-01): Final title and evidence property was transferred to the borrower only. Buyer Comment (2026-07-01): Please see attached email from title confirming LLC docs were received and reviewed. Supporting title docs also attached. Reviewer Comment (2026-06-26): The deed alone does not prove our borrower is the sole owner authorized to transfer ownership of the property. Item [redacted]of the title commitment indicates that a copy of the articles of organization and operating agreement are required to be provided to insure conveyance of the property. A final title, reflecting our borrower as the vested owner, can also be used to clear this condition. Buyer Comment (2026-06-24): See title supplement and grant deed showing vesting in individual borrower. |
07/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198130 | [redacted] | XXXX | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2026-07-06): Final Title Policy Received and verified. Exception cleared. Buyer Comment (2026-07-01): Final title policy attached. |
07/06/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [redacted] | Investment | Purchase | B | A | B | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198130 | [redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file is missing a copy of the Final Title Policy. | Reviewer Comment (2026-07-06): Final Title Policy Received and verified. Exception cleared. |
07/06/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [redacted] | Investment | Purchase | B | A | B | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198047 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Please provide the final Closing Statement fully executed by all parties or stamped true and certified. The copy in the file was not signed by all parties. | Reviewer Comment (2026-07-10): Received closing statement signed by all parties. Exception cleared Buyer Comment (2026-07-08): Final SS |
07/10/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198128 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing. | Reviewer Comment (2026-07-07): Received the Articles of Organization. Exception cleared. Buyer Comment (2026-07-02): Articles of Organization attached. |
07/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198128 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing. | Reviewer Comment (2026-07-07): Received the Certificate of Good Standing. Exception cleared. Buyer Comment (2026-07-02): Cert of Good Standing attached. |
07/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198128 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide a [redacted] -month pay history from [redacted] Funding secured by the primary residence. | Reviewer Comment (2026-07-07): Received a [redacted]-month pay history from [redacted]for the primary residence. Exception cleared. Buyer Comment (2026-07-02): VOR attached. |
07/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198128 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | OFAC was not provided and is required. | Provide OFAC for the borrowing entity. | Reviewer Comment (2026-07-07): Received OFAC search results for the borrowing entity. Exception cleared. Buyer Comment (2026-07-02): OFAC search results attached. |
07/07/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198067 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | For the [redacted] residence, provide either a [redacted] month pay history or a property report verifying it is owned free and clear with taxes paid current. | Reviewer Comment (2026-07-22): Property history report reflecting primary owned free and clear with no delinquent taxes received in trailing documents. Reviewer Comment (2026-07-20): Received Property history report. Provide evidence conforming taxes paid current. Exception remains Buyer Comment (2026-07-16): Please see property profile attached. Thank you. |
07/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198059 | [redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-07-24): Received final title policy with no judgment listed. Exception cleared. |
07/24/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2198059 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | For the [redacted] residence, provide either a [redacted] month pay history or a property report verifying it is owned free and clear with taxes paid current. If living rent free,provide a rent free letter from homeowner. | Reviewer Comment (2026-07-20): Property History report with tax paid current already in file. Exception Cleared. Buyer Comment (2026-07-16): Please see guideline attached. |
07/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198059 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Final Closing Statement is missing in file. | Reviewer Comment (2026-07-17): Received final true and certified copy of final settlement statement. Exception Cleared. Buyer Comment (2026-07-15): Please see attached Final SS |
07/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198059 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title search shows negative impact on title. | Child support judgment on title. Provide evidence this has been paid and released. | Reviewer Comment (2026-07-24): Received final title policy with no judgment listed. Exception cleared. Buyer Comment (2026-07-22): Please see final title policy attached. Thank you. Reviewer Comment (2026-07-17): Require Final title reflecting child support judgment has been removed. Title Supplement does not suffice. Exception Remains. Buyer Comment (2026-07-16): Please see guideline attached. Thank you, Buyer Comment (2026-07-15): Doc ID [redacted]Item [redacted]reflects the spousal and/or child support. The provided title supplemental report states this will be removed and not show on the final title policy Buyer Comment (2026-07-15): Please see attached Supplemental Report |
07/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198117 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | OFAC was not provided and is required. | Provide OFAC for [redacted] . | Reviewer Comment (2026-07-15): Received OFAC search. Exception cleared. Buyer Comment (2026-07-13): PFA as requested |
07/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198112 | [redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Non-owner Occupancy certificate does not reflect an address different than the subject property. | Reviewer Comment (2026-07-20): Received Non-owner Occupancy certificate with borrower address. Exception Cleared. Buyer Comment (2026-07-16): Please see attached. |
07/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198070 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing OFAC for business entity. | Reviewer Comment (2026-07-16): Received OFAC search for business entity. Exception Cleared. Buyer Comment (2026-07-14): Please see clear OFAC. |
07/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198098 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | Missing source of gift funds. | Reviewer Comment (2026-07-27): Received Wire Confirmation for gift funds. Exception Cleared Buyer Comment (2026-07-23): Wire confirmation of gift funds |
07/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198098 | [redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Missing source of gift funds for $ [redacted] . | Reviewer Comment (2026-07-27): Received Wire Confirmation for gift funds. Exception Cleared. Buyer Comment (2026-07-23): Wire confirmation of gift funds. |
07/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198065 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to allow more than [redacted] loans maximum exposure for one borrower. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator,SitusAMC | Reviewer Comment (2026-07-17): Waived with compensating factors per lender approved exception received in trailing documents. Buyer Comment (2026-07-15): Please re-review the guidelines, we require minimum FICO score of [redacted] for [redacted]% LTV with cash-out refinance loan and DSCR ratio between [redacted]- [redacted] Reviewer Comment (2026-07-10): No valid comp factors to waive the exception with. DSCR is [redacted]and minimum is [redacted], LTV is at maximum, FICO is [redacted]which is less then [redacted]points above required FICO of [redacted]and all assets are from net proceeds. Comp factors on lender exception states the fico is [redacted] points over minimum and it is actually [redacted]points. |
07/17/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| [redacted] | 2198065 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide a fully executed Closing Statement. | Reviewer Comment (2026-07-17): Final Closing Statement received and verified. Exception cleared. Buyer Comment (2026-07-15): Please find attached. |
07/17/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198110 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC is required for all parties involved in the transaction - business entity is missing. | Reviewer Comment (2026-07-21): Received OFAC for business entity. Exception Cleared. Buyer Comment (2026-07-17): PFA as requested |
07/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198110 | [redacted] | XXXX | Credit | Guideline | Guideline Issue | Guideline | Aged document: Asset Account date is more than [redacted] days prior to Closing. | - | Reviewer Comment (2026-07-27): Received Bank Statement and revalidated data. Exception Cleared. Buyer Comment (2026-07-23): PFA as requested Reviewer Comment (2026-07-21): Required bank statements for account ending in [redacted]to document sufficient funds to meet the cash-from-borrower requirement. Total verified assets are $[redacted], and the required cash from borrower is $[redacted]. Excluding account ending in [redacted]would result in insufficient verified assets to cover the required cash from borrower. Exception Remains. Buyer Comment (2026-07-17): Please re-revie that statement was used for earnest money deposit not used as assets |
07/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198110 | [redacted] | XXXX | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | Provided an updated Declaration page reflects [redacted]. Current document reflects [redacted] . | Reviewer Comment (2026-07-21): Received Hazard Insurance. Exception Cleared. Buyer Comment (2026-07-17): Please find attached as requested |
07/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198051 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide a fully signed HUD/CS. | Reviewer Comment (2026-07-17): Received signed HUD-1. Exception cleared. Buyer Comment (2026-07-15): Please refer [redacted]signed by borrower and settlement agent and [redacted]signed by seller. |
07/17/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198056 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The subject and primary addresses are the same. "Lot A" needs to be added to address to identify the subject property. | Reviewer Comment (2026-07-20): Subject address contains [redacted] different lots with [redacted] different APN numbers. Our subject transaction contains the APN number of the parcel being used as the investment property and no further documentation is required. Buyer Comment (2026-07-16): [redacted] matches the note. Lot [redacted] is not required. |
07/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198115 | [redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Reviewer Comment (2026-08-04): Received Non-Owner occupancy certificate showing borrower at an address different than the subject. Exception cleared. Buyer Comment (2026-07-31): non-owner Reviewer Comment (2026-07-20): Non-Owner Occupancy Certificate received; however, the property address does not match the Note address. Please provide a corrected document. Exception Remains. Buyer Comment (2026-07-16): Non-Owner |
08/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2198115 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC is required for all parties involved in the transaction - both business entities are required on OFAC. | Reviewer Comment (2026-07-20): Received OFAC for both the business entity. Exception Cleared. Buyer Comment (2026-07-16): [redacted] |
07/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198132 | [redacted] | XXXX | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Subject is a refinance and property is listed for sale. | - | The appraisal disclosed that the property is/was listed for sale. If listed at time of application, provide a letter of explanation disclosing the reason the property was listed along with verification the listing was cancelled prior to the Note date. If property was listed within the most recent [redacted] months, the lower of the most recent list price will be used for the LTV. | Reviewer Comment (2026-07-23): Received Letter of explanation for property sale. Exception Cleared. Buyer Comment (2026-07-21): Uploaded LOE for Operating Agreement and Property Sale. |
07/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||
| [redacted] | 2198132 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Provide the original Operating Agreement for the borrowing entity. Copy in file is amended. | Reviewer Comment (2026-07-23): Received Letter of explanation for operating agreement. Exception Cleared. Buyer Comment (2026-07-21): Uploaded LOE for Operating Agreement and Property Sale. |
07/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198066 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | File is missing final signed and dated HUD-1/Settlement Agreement. Missing closing agent signature. | Reviewer Comment (2026-07-29): Received Closing Statement signed by all required parties. Exception cleared. Buyer Comment (2026-07-27): Seller HUD. Issues with uploading. Thank you. Buyer Comment (2026-07-27): Please see HUD executed by seller attached. Thank you. Reviewer Comment (2026-07-21): Received closing statement is not signed by seller. Require final closing statement or HUD-1 signed by all the required parties or stamped as true & correct with settlement agent signature. Exception remains. Buyer Comment (2026-07-17): Please see attached Final SS Buyer Comment (2026-07-17): Please see HUD-1 attached. Thank you. |
07/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198109 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Payment history is missing for [redacted] on the first mortgage and for [redacted], [redacted], and [redacted] on the [redacted] mortgage for the primary residence. | Reviewer Comment (2026-07-23): Received mortgage statement with pay history for the month of [redacted] [redacted] to [redacted] for [redacted] mortgage and [redacted] for First mortgage. Exception cleared. Buyer Comment (2026-07-21): Uploaded Buyer Comment (2026-07-21): Statements uploaded. |
07/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198101 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Reviewer Comment (2026-07-22): Articles of organization received in trailing docs. Buyer Comment (2026-07-21): Articles of Organization attached. Thank you. Buyer Comment (2026-07-21): Please find attached the Articles of Org for [redacted]. Thank you. Reviewer Comment (2026-07-21): No attachment found in trailing documents. Exception remains. Buyer Comment (2026-07-17): AOO |
07/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2198121 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | OFAC was not provided and is required. | Provide OFAC for the borrowing entity. | Reviewer Comment (2026-07-21): Received OFAC for the borrowing entity. Exception Cleared. Buyer Comment (2026-07-17): ofac search |
07/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198121 | [redacted] | XXXX | 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 ___. | Max LTV for FTI is [redacted] %. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Reserves: [redacted] Guideline Requirement: [redacted] |
Originator,SitusAMC SitusAMC |
Reviewer Comment (2026-07-22): Waived with compensating factors per lender approved exception received in trailing documents. Buyer Comment (2026-07-18): Exception |
07/22/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| [redacted] | 2198053 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide evidence of the [redacted] payment for the primary residence. | Reviewer Comment (2026-07-21): Guidelines allow [redacted] with no reduction. Exception Cleared. Buyer Comment (2026-07-17): Program permits [redacted] with no reduction; We don't have evidence of [redacted] payment. |
07/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198063 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide the borrower's final Closing Statement fully executed by all parties or stamped true and certified. Copy provided is an estimated closing statement. | Reviewer Comment (2026-07-27): Received Final Closing statement. Exception Cleared. Buyer Comment (2026-07-23): Signed Final SS Reviewer Comment (2026-07-23): Received final closing statement with stamped True and Correct. Escrow agent signature is required under the stamp. Exception remains. Buyer Comment (2026-07-21): Please see upload. Reviewer Comment (2026-07-21): Final Statement provided cannot be located in trailing documents. Exception remains Buyer Comment (2026-07-17): Final SS |
07/27/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198118 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Please provide final signed/stamped settlement statement as the one in the file was not signed by all parties. | Reviewer Comment (2026-07-22): Received closing statement with stamped true and certified. Exception cleared. Buyer Comment (2026-07-20): Please see upload. |
07/22/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198113 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | OFAC was not provided and is required. | Provide OFAC for [redacted]. | Reviewer Comment (2026-07-20): OFAC received, exception cleared. Buyer Comment (2026-07-16): Please find attached. |
07/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198114 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Closing Protection Letter was not found in file. | Reviewer Comment (2026-07-21): Received Closing Protection Letter. Exception cleared. Buyer Comment (2026-07-17): cpl |
07/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198114 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | OFAC was not provided and is required. | Provide OFAC for [redacted]. | Reviewer Comment (2026-07-21): Received OFAC search result for [redacted][redacted]. Exception cleared. Buyer Comment (2026-07-17): ofac |
07/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198114 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Provide signing authority for the borrowing entity. Required to be signed by all owners. | Reviewer Comment (2026-07-30): Received Corporate Resolution for the entity. Exception cleared. Buyer Comment (2026-07-28): Borrower cert Reviewer Comment (2026-07-21): Received corporate resolution does not have subject property address listed and loan amount of $[redacted] is not matching with Note loan amount of $[redacted]. Exception remains. Buyer Comment (2026-07-17): corp resolution |
07/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198086 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide evidence of the [redacted] payment for the primary residence. | Reviewer Comment (2026-07-22): Received mortgage statement which reflects [redacted] payment. Exception cleared. Buyer Comment (2026-07-20): Please find attached the mortgage statement. |
07/22/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198089 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Rent-free letter was in the file, however, UW Discretion is required for borrowers living rent-free. | Reviewer Comment (2026-07-22): Received 1008 UW Discretion. Exception Cleared. Buyer Comment (2026-07-20): PFA document. |
07/22/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198089 | [redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The ID documentation (license, passport, Visa) does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Loan is an investment, however, the address on Borrower [redacted] driver's license is the same as subject property address. Please provide an explanation regarding the discrepancy. | Reviewer Comment (2026-07-22): Received LOE for Subject property address. Exception Cleared. Buyer Comment (2026-07-21): PFA document. |
07/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198089 | [redacted] | XXXX | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Please provide evidence that the collections amounts to [redacted] have been satisfied or released. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-08-11): Lender Exception with Compensating Factors provided. Downgraded and Waived. Buyer Comment (2026-08-07): PFA exception. |
08/11/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [redacted] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||
| [redacted] | 2198088 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | File is missing [redacted] month primary housing history. Additional conditions may apply. | Reviewer Comment (2026-07-29): Received LOE confirming that the borrower is currently residing at the property with their spouse on a rent-free basis. Exception cleared. Buyer Comment (2026-07-27): Please find attached LOE, primary property is owned free and clear. Reviewer Comment (2026-07-22): Received property history report for subject property. Provide [redacted] -month housing history for primary residence. Exception remains. Buyer Comment (2026-07-20): PFA |
07/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198092 | [redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | DSCR [redacted] does not meet guideline requirement [redacted] for [redacted]% LTV. File does not contain lease agreement and verification of [redacted] months rent for subject property. | Reviewer Comment (2026-07-21): Received the lease agreement and evidence of receipt of the [redacted] month's rent deposit and security deposit. Exception cleared. Buyer Comment (2026-07-17): Please see attached |
07/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198092 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | File is missing verification of non-US citizen status for permanent resident alien borrower. ([redacted]). | Reviewer Comment (2026-08-05): Received Credit application reflect as [redacted] as a [redacted] citizen. Exception Cleared. Buyer Comment (2026-08-02): Please see attached Reviewer Comment (2026-07-31): Provided credit application is not signed by the borrower. Exception remains Buyer Comment (2026-07-29): Please see attached |
08/05/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198092 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | File is missing verification of [redacted] mortgage payment on primary residence. | Reviewer Comment (2026-07-21): Received mortgage statement dated [redacted] verifying the [redacted] mortgage payment for the primary residence. Exception cleared. Buyer Comment (2026-07-17): Please see Buyer Comment (2026-07-17): Please see attached and for mortgage history refer credit report Doc ID [redacted]. |
07/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198133 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2026-07-17): Received Fraud Report. Exception Cleared. Buyer Comment (2026-07-15): Uploaded fraud report. |
07/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2198133 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Reviewer Comment (2026-07-17): Received Fraud Report with OFAC. Exception Cleared. Buyer Comment (2026-07-15): See uploaded fraud report. |
07/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2198133 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Reviewer Comment (2026-07-17): Received Fraud Report. Exception Cleared. Buyer Comment (2026-07-15): See uploaded fraud report. |
07/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198133 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Provide signing authority for the Guarantor. Required to be signed by both owners of the borrowing entity. | Reviewer Comment (2026-07-21): Received Corporate Resolution. Exception Cleared. Buyer Comment (2026-07-17): Uploaded Borrowing Resolution |
07/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198134 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide verification of the [redacted] payment for the primary residence. | Reviewer Comment (2026-07-21): Credit supplement located in the file with last payment [redacted]. Exception cleared Buyer Comment (2026-07-17): Please cancel this exception. Credit Supplement [redacted] shows last payment received [redacted] and next due [redacted] |
07/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198078 | [redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | The Non-Owner Occupancy Declaration is incomplete as Section [redacted] is missing the principal residence address. | Reviewer Comment (2026-07-24): Received Non-Owner occupancy declaration showing borrower at an address different than the subject address. Exception cleared. Buyer Comment (2026-07-22): PFA as requested Reviewer Comment (2026-07-21): Requested documentation not received. Exception remains. Buyer Comment (2026-07-17): PFA as requested |
07/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198073 | [redacted] | XXXX | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Collection required to be paid prior to or at closing. | Reviewer Comment (2026-07-23): Received Satisfaction of Lien or Judgment document. Exception Cleared. Buyer Comment (2026-07-21): PFA as requested |
07/23/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [redacted] | Investment | Purchase | B | A | B | A | A | A | N/A | No | |||||||||||||
| [redacted] | 2198057 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement - Real Estate Owned (REO) not provided | Provide the lease for the subject property. | Reviewer Comment (2026-08-04): Received Lease Agreement. Exception Cleared. Buyer Comment (2026-07-31): Please see attached Reviewer Comment (2026-07-28): Received lease agreement which was available at initial review and was provided in trailing document on [redacted]. Received lease agreement does not have Landlord name. Require lease agreement with all the details including landlord name. Exception remains. Buyer Comment (2026-07-24): Please see attached Reviewer Comment (2026-07-23): Provided lease agreement was available at initial review which does not have landlord name. Provide lease agreement with all the details. Exception remains. Buyer Comment (2026-07-21): Please see attached |
08/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198084 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | File is missing final signed and dated HUD-1/Settlement Statement. Closing agent is missing. | Reviewer Comment (2026-07-24): Received Final Closing statement. Exception Cleared. Buyer Comment (2026-07-22): Please see attached Final SS |
07/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198084 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | File is missing verification of [redacted] mortgage payment for subject property and verification of [redacted] second mortgage payment on primary residence. | Borrower has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-08-12): Lender Exception with Compensating Factors provided. Downgraded and Waived. Buyer Comment (2026-08-10): Please see attached. Thank you. |
08/12/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| [redacted] | 2198099 | [redacted] | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Lender approved exception for Credit Score [redacted] [redacted] [redacted] minimum required for cash-out at [redacted]% LTV. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
Originator Pre-Close,SitusAMC | Reviewer Comment (2026-07-15): Correction. Reviewer Comment (2026-07-15): Waived with compensating factors per lender exception approval at origination. |
07/15/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [redacted] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||
| [redacted] | 2198100 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide a final HUD fully signed by all parties or stamped true and certified. | Reviewer Comment (2026-07-23): Received Final Closing statement. Exception Cleared. Buyer Comment (2026-07-21): PFA as requested |
07/23/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198100 | [redacted] | XXXX | 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 (2026-07-23): Received Title. Exception Cleared. Buyer Comment (2026-07-21): PFA as requested |
07/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2198082 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide a [redacted] month pay history from prior primary residence located at [redacted]. | Reviewer Comment (2026-08-12): Received [redacted] month pay history for prior primary residence. Exception Cleared Buyer Comment (2026-08-10): Please see attached. |
08/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198077 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing property report for primary residence to show property is free & clear. | Reviewer Comment (2026-07-30): Received Property Profile and credit supplement. Exception Cleared. Buyer Comment (2026-07-28): Property profile and credit supplement |
07/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198105 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception Request to allow FTHB/FTI with less than [redacted] months of housing history. Can only provide verification of [redacted] months housing history. [redacted] months is required. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-07-16): Waived with compensating factors per lender exception approval at origination. |
07/16/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [redacted] | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | 2198120 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | OFAC was not provided and is required. | Provide OFAC for the borrowing entity. | Reviewer Comment (2026-07-22): Received OFAC. Exception cleared. Buyer Comment (2026-07-20): Please find attached. |
07/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198058 | [redacted] | XXXX | 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 has owned the subject property for at least [redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-07-21): Client elected to waive the condition based on compensating factors. |
07/21/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| [redacted] | 2198058 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | File is missing evidence of the [redacted] and [redacted] payments for the primary residence. The bank statement in file reflects a payment to the mortgage holder; however, it is not the amount reflected on the credit report or the mortgage statement to determine what months were being paid and if the payments were made on time. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
Originator,SitusAMC | Reviewer Comment (2026-08-07): Waived with compensating factors per lender exception approval. Buyer Comment (2026-08-05): PFA exception Reviewer Comment (2026-07-31): Received same bank statement as in original submission. The bank statement in file reflects a payment to the mortgage holder; however, it is not the amount reflected on the credit report or the mortgage statement to determine what months were being paid and if the payments were made on time. Buyer Comment (2026-07-29): PFA documents. |
08/07/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| [redacted] | 2198111 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide verification of the [redacted} payment for the primary residence. | Reviewer Comment (2026-08-12): Received mortgage statement evidencing pay history for [redacted]. Exception cleared. Buyer Comment (2026-08-09): Mortgage payment primary Reviewer Comment (2026-07-24): Received statement is for subject property. Provide verification of the [redacted] payment for the primary residence. Exception remains Buyer Comment (2026-07-22): Statement w/ [redacted] with [redacted] pmt for Subject. Buyer Comment (2026-07-22): Statement w/ [redacted] with [redacted] pmt for Subject. Statement w/ [redacted] with [redacted] pmt for Subject. Statement dated [redacted] shows next payment due [redacted], last payment made [redacted] and no late payments - appears from the statement that borrower paid the [redacted] payment on [redacted] Buyer Comment (2026-07-22): Statement w/ [redacted] with [redacted] pmt for Primary. |
08/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198111 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | For the subject property, provide verification of the [redacted} payments from [redacted}and [redacted} payment from [redacted]. | Reviewer Comment (2026-08-12): Received verification of the [redacted] payments from [redacted] and [redacted] payment from [redacted]. Exception cleared. Buyer Comment (2026-08-09): Mortgage payments |
08/12/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198050 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Flood | FEMA Disaster Issue: The most recent valuation inspection is dated prior to a FEMA disaster. | Property is located in a FEMA Disaster area; however, the post-disaster inspection report is missing. | Reviewer Comment (2026-08-12): Received property inspection report dated [redacted]. Exception cleared. Reviewer Comment (2026-08-11): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Most Recent Valuation Inspection Date: [redacted]; Disaster Name: [redacted]; Disaster Declaration Date: [redacted]; Disaster End Date: [redacted] Buyer Comment (2026-08-10): Please see attached. Thank you. Reviewer Comment (2026-08-07): A property inspection report is required to confirm that the property did not sustain any damage, as the disaster declaration date falls after the appraisal date. Provide the inspection report to verify the property's current condition. Exception remains Buyer Comment (2026-08-05): We don't consider a home in a disaster area until the formal disaster declaration is issued by FEMA Just so happens this particular zip code was declared [redacted] The loan was closed on [redacted] Why would we request a post disaster inspection if the formal declaration wasn't issued until [redacted] days after we closed?? Reviewer Comment (2026-07-31): Most recent Disaster End Date: [redacted] and Disaster Declaration Date: [redacted]. Provide property inspection report. Exception remains. Buyer Comment (2026-07-29): [redacted] , please confirm the disaster date -vs- the disaster end date. Thank you. |
08/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2198069 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Provide a fully executed Operating Agreement. | Reviewer Comment (2026-08-06): Received Operating Agreement. Exception Cleared. Buyer Comment (2026-08-04): Please see attached operating agreement. Thank you. |
08/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199346 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | There are [redacted] liens reporting on title from [redacted] Bank and only [redacted] was paid at closing. Provide verification the $[redacted] [redacted] Bank lien is paid and released. | Reviewer Comment (2026-05-25): Mortgage loan payoff statement provided for $[redacted] . Exception cleared. Buyer Comment (2026-05-21): Payoff demand for [redacted] (shows both first mortgage [redacted] and second mortgage [redacted] totaling $[redacted] (which includes interest) to be paid off which is included on the Final Settlement Statement. Buyer Comment (2026-05-21): Payoff demand for [redacted] Bank (shows both first mortgage [redacted] $[redacted] and second mortgage [redacted] $[redacted] totaling $[redacted] (which includes interest) to be paid off which is included on the Final Settlement Statement. |
05/25/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199348 | [redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[redacted]. | Reviewer Comment (2026-07-17): Received hazard insurance policy with [redacted]% replacement coverage clause. Exception cleared. Buyer Comment (2026-07-15): Please see updated hoi policy. Thank you. Buyer Comment (2026-07-15): Please see attached communication Buyer Comment (2026-07-15): Please see attached HOI Reviewer Comment (2026-07-13): Received the hazard insurance policy reflecting [redacted]% replacement cost coverage; however, the mortgagee clause lists an incorrect lender name as "[redacted]" instead of "[redacted]". Exception Remains. Buyer Comment (2026-07-09): See attached. |
07/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199348 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | File is missing signed credit application. | Reviewer Comment (2026-07-13): Received signed credit application. Exception Cleared. Buyer Comment (2026-07-09): Please see executed 1003 attached. Thank you. |
07/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199348 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | File is missing final signed and dated HUD-1/Settlement Statement. Settlement Agent signature missing. | Reviewer Comment (2026-07-17): Received final HUD-1. Exception cleared. Buyer Comment (2026-07-16): Please see HUD attached. Thank you. |
07/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199348 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Borrower is living rent-free with someone other than a spouse. This does not meet guidelines. File is missing letter of explanation with primary address and underwriter discretion documentation. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-07-22): Waived with compensating factors per lender approved exception that they are accepting rent free LOE dated [redacted] , which is [redacted] months prior to subject consummation date and [redacted] months prior to application date. Buyer Comment (2026-07-20): Please see exception attached. Thank you. Reviewer Comment (2026-07-17): No new document received. Require lender exception with compensating factor for rent free letter being dated prior to application date. Exception remains. Buyer Comment (2026-07-15): Please waive date of rent free loe being prior to app date. Thank you. Reviewer Comment (2026-07-13): Received rent free letter is prior to the application date. Exception remains. Buyer Comment (2026-07-09): Please see rent free loe attached. Thank you. Buyer Comment (2026-07-09): See 1008 with [redacted] rent free comments. |
07/22/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| [redacted] | 2199360 | [redacted] | XXXX | Credit | Property - Appraisal | Property Eligibility - Site and Utilities | Property - Appraisal | [redacted] County 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 (2026-07-16): Waived per lender request. Buyer Comment (2026-07-16): Please waive. |
07/16/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||
| [redacted] | 2199360 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | File is missing [redacted] months cancelled checks/bank statements for primary residence that is rented from a private party. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. |
Reserves: [redacted] Guideline Requirement: [redacted] |
Originator,SitusAMC SitusAMC |
Reviewer Comment (2026-07-24): Waived with compensating factors per lender approved exception received in trailing documents. Buyer Comment (2026-07-22): Please review attached exception [redacted] Reviewer Comment (2026-07-20): Received LOE for primary address. Required most recent [redacted] months pay history. Exception Remains. Buyer Comment (2026-07-16): Please review attached documents |
07/24/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| [redacted] | 2199358 | [redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-07-20): Received Final Title Policy. Exception cleared. |
07/20/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| [redacted] | 2199358 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Title commitment/loan payoff in the file indicates a blanket mortgage covers the subject property. Provide evidence loan was paid in full or that the subject property was fully released from the lien. | Reviewer Comment (2026-07-20): Received Final Title Policy with no prior lien information. Exception cleared. Buyer Comment (2026-07-17): Please see final title policy attached. Thank you. |
07/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199358 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide evidence of the [redacted] and [redacted] payment for the primary residence. | Reviewer Comment (2026-07-20): Evidence of [redacted] payment received. Lender accepting [redacted] for proof of [redacted] payment, as guidelines permit up to [redacted]. Buyer Comment (2026-07-16): Please see confirmation [redacted] mtg payment made. Please waive the [redacted] payment program permits a [redacted] day. Thank you. |
07/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199358 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: Appraisal Invoice not provided | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator,SitusAMC | Reviewer Comment (2026-08-13): Waived with compensating factors per lender exception approval. Buyer Comment (2026-08-11): Please see exception attached. Thank you. Reviewer Comment (2026-07-20): Received [redacted] credit card statement is already provided in file. Appraisal Invoice is required to clear the condition. Exception remains. Buyer Comment (2026-07-16): Please see attached appraiser invoice [redacted] bill. Buyer Comment (2026-07-16): Please see attached. |
08/13/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| [redacted] | 2199358 | [redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | HOI reflects [redacted] & [redacted] and Note reflects [redacted]. | Reviewer Comment (2026-07-20): Received [redacted] pages of hazard insurance for the subject property amended to read as "[[redacted]". Exception cleared. Buyer Comment (2026-07-17): Please see attached update pg #[redacted]. Thank you. Buyer Comment (2026-07-17): Please see update hoi dec pg #[redacted]. Thank you. |
07/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199357 | [redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-07-20): Received final title policy with no additional liens or mortgage noted. Exception cleared. |
07/20/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| [redacted] | 2199357 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide evidence of the [redacted] payment for the primary residence. | Reviewer Comment (2026-07-20): Received statement to support payment evidence for the [redacted] primary residence mortgage. Exception cleared. Buyer Comment (2026-07-16): [redacted] |
07/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199357 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: Appraisal Invoice not provided | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator,SitusAMC | Reviewer Comment (2026-08-07): Waived with compensating factors per lender exception approval. Buyer Comment (2026-08-05): exception |
08/07/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| [redacted] | 2199357 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Title commitment/loan payoff in the file indicates a blanket mortgage covers the subject property. Provide evidence that the loan was paid in full or that the subject property was fully released from the lien. | Reviewer Comment (2026-07-20): Received final title policy with no additional liens or mortgage noted. Exception cleared. Buyer Comment (2026-07-16): title |
07/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199357 | [redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | HOI reflects [redacted] & [redacted] , and Note reflects [redacted]. | Reviewer Comment (2026-07-30): Received hazard insurance policy with corrected property address. Exception cleared. Buyer Comment (2026-07-28): address change |
07/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199356 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Appraisal Invoice is missing. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator,SitusAMC | Reviewer Comment (2026-08-07): Waived with compensating factors per lender exception approval. Buyer Comment (2026-08-05): exception |
08/07/2026 | No | 2 | C | B | C | B | C | B | C | B | D | B | [redacted] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||
| [redacted] | 2199356 | [redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Insurance Binder Address: [redacted] & [redacted] Note Address: [redacted] | Reviewer Comment (2026-07-30): Received hazard insurance policy with corrected property address. Exception cleared. Buyer Comment (2026-07-28): address change |
07/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199349 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The appraisal dated [redacted] disclosed Lender/Client as [redacted} on Page [redacted] . Please update the appraisal to disclose [redacted] as the Lender/Client. | Reviewer Comment (2026-07-28): Received revised appraisal with corrected lender name as "[redacted]". Exception cleared. Buyer Comment (2026-07-24): Revised appraisal with [redacted] correctly |
07/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199349 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Please provide final signed/stamped settlement statement as the [redacted] in the file was dated, but not signed by the Settlement Agent. | Reviewer Comment (2026-08-05): Received Final HUD. Exception Cleared. Buyer Comment (2026-08-02): Final Settlement Statement |
08/05/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199349 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide a [redacted] -month pay history for the primary residence. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator,SitusAMC | Reviewer Comment (2026-08-17): Waived with compensating factors per lender exception approval. Buyer Comment (2026-08-13): Exception Reviewer Comment (2026-08-13): While the property history report reflects that our guarantor is on the deed of the REO listed as the primary residence, the bank statements provided are in the other [redacted] owners' names and the bank statements provided as evidence of [redacted] months' payments are also only in the other [redacted] owners' names. Evidence our borrower has been making the payment for the most recent [redacted] months is required, or borrower is considered living rent-free and an exception would be required. Buyer Comment (2026-08-13): [redacted] #[redacted]with monthly payment $[redacted] matches loan# on transacction history previously provided. Reviewer Comment (2026-07-21): Provided pay history of $[redacted] Doc ID [redacted] is not reflecting primary residence address. Evidence the payment is for the primary residence is required. Exception remains. Buyer Comment (2026-07-17): Response document |
08/17/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||
| [redacted] | 2199349 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Reviewer Comment (2026-07-28): Received Articles of Organization for the borrowing business entity. Exception cleared. Buyer Comment (2026-07-27): Articles of Organization |
07/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||||||
| [redacted] | 2199359 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | For the primary residence, provide either a [redacted] -month pay history or a property report verifying it is owned free and clear with taxes paid current. | Reviewer Comment (2026-07-22): Received [redacted] -month rent payment history for primary residence. Exception Cleared. Buyer Comment (2026-07-20): Please see [redacted] rental payment attached. Thank you. Buyer Comment (2026-07-20): Please see attached. Thank you. Buyer Comment (2026-07-20): Please see attached rental payment confirmation with lease. |
07/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199359 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide a final HUD/CS signed by all parties. | Reviewer Comment (2026-08-18): Received stamped certificate & true copy of final closing statement. Exception Cleared. Buyer Comment (2026-08-14): See attached. Thank you. Buyer Comment (2026-08-14): Please see email response from title co. & HUD. Buyer Comment (2026-08-14): See email from title co. attached. Reviewer Comment (2026-07-29): Doc ID [redacted] is not a final closing statement based on the dates. The final HUD at Doc ID [redacted] is not signed by the settlement agent on page [redacted]. Buyer Comment (2026-07-28): 1. Please see your document ID number [redacted] . Which is the HUD executed by the seller. Please advise why if this is not acceptable Reviewer Comment (2026-07-24): Received seller's settlement statement. Require buyer's final settlement statement signed by all the required parties or stamped true & correct with escrow agent signature on it. Exception remains. Buyer Comment (2026-07-22): HUD attached. Thank you. |
08/18/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199361 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Please provide final signed/stamped settlement statement as the one in the file is missing the second page. | Reviewer Comment (2026-08-18): Received complete final signed closing statement. Exception cleared. Buyer Comment (2026-08-14): Please see HUD attached all pages. Thank you. Reviewer Comment (2026-08-06): Provided HUD/CD is already in file which shows page [redacted] and signature Addendum. Please provide Full HUD/CD with both Pg.[redacted] and Pg.[redacted] along with signature addendum. Exception Remains. Buyer Comment (2026-08-04): See attached. Thank you. Reviewer Comment (2026-07-30): Provided HUD/CD is already in file at the time of review which shows page [redacted] and signature Addendum. Please provide Full HUD/CD with both Pg.[redacted] and Pg.[redacted] along with signature addendum. Exception Remains. Buyer Comment (2026-07-28): Please see complete HUD attached. Thank you. |
08/18/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199354 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide verification of the [redacted] & [redacted] payments for the Eastman [redacted] HELOC secured by the primary residence. | Reviewer Comment (2026-08-14): Lender comments indicate they are accepting [redacted] which is allowed per guidelines. Condition cleared. Reviewer Comment (2026-08-12): No new document received. Per guide, [redacted] months housing history is required to be verified and [redacted] with no reduction is allowed. Require evidence of payment for the month of [redacted] to verify and count [redacted] months of housing history. Exception remains. Buyer Comment (2026-08-10): AGAIN [redacted] , PLEASE waive as program permits [redacted] with no hits. Thank you. Reviewer Comment (2026-08-06): Per guide, recent [redacted] month pay history is required. Please provide verification of [redacted] HELOC payment. Exception remains Buyer Comment (2026-08-04): Please waive program permits a [redacted] with no hits. Thank you! Reviewer Comment (2026-07-30): Verification of the [redacted] HELOC payment has not been provided. Exception remains. Buyer Comment (2026-07-28): ([redacted] ) mths HELOC payments. Buyer Comment (2026-07-28): HELOC payment ([redacted]) mths. |
08/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199373 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The OFAC for the business entity was not provided. | Reviewer Comment (2026-07-27): OFAC received in trailing documents. Buyer Comment (2026-07-23): Clear OFAC attached. Thank you. |
07/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199362 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Reviewer Comment (2026-08-17): Received tax certificate and 1008 UW discretion. Exception Cleared. Buyer Comment (2026-08-16): Evidence Property Taxes on Primary [redacted] balance Buyer Comment (2026-08-16): Evidence Property Taxes on Primary [redacted] balance Buyer Comment (2026-08-13): Evidence property taxes for [redacted] balance Reviewer Comment (2026-07-28): Received 1008 form with UW discretion for primary occupancy. Tax certificate does not have confirmation that taxes are paid current. Require tax certificate or equivalent document to prove taxes are paid current or due amount of $[redacted] for primary residence. Exception remains. Buyer Comment (2026-07-24): VOM Response Document Buyer Comment (2026-07-24): 1008 with UW Discretion |
08/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2199363 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide a final Closing Statement fully executed by all parties or stamped true and certified. Copy provided is an estimated closing statement. | Reviewer Comment (2026-07-24): Received certified copy of closing statement. Exception cleared. Buyer Comment (2026-07-22): Uploaded |
07/24/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199430 | [redacted] | XXXX | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Judgements listed on Fraud Report are required to be paid off. | Buyer Comment (2026-08-07): Waive for EV2/B per guidance. Reviewer Comment (2026-07-22): The comments on the fraud report indicate additional documentation was provided; however, documentation addressing the $[redacted] tax lien filed [redacted] is not in loan images. Please provide supporting documentation that this lien was paid in full at or prior to closing. Buyer Comment (2026-07-20): Please cancel this exception. The underwriter addressed the judgement in the fraud report and with documentation in the file. |
08/07/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [redacted] | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| [redacted] | 2199368 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide a final Closing Statement fully executed by all parties or stamped true and certified. Copy provided is an estimated closing statement. | Reviewer Comment (2026-07-27): Received Final closing statement. Exception Cleared Buyer Comment (2026-07-24): Please see HUD-1 attached. Thank you. |
07/27/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199368 | [redacted] | XXXX | Credit | Credit | Credit Eligibility | Credit | Guideline Issue: Foreclosure timeline outside of credit guidelines | Previous foreclosure dated [redacted] reporting on Fraud Report which does not meet minimum requirement per guidelines. | Reviewer Comment (2026-07-27): Per property history report the notice of rescission sent to the borrower on [redacted]. Exception Cleared. Buyer Comment (2026-07-23): See confirmation attached never what into foreclosure mtg released [redacted]. |
07/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199417 | [redacted] | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | HOI effective date is [redacted] and Note date is dated [redacted]. | Reviewer Comment (2026-07-28): Received Hazard Insurance. Exception Cleared. Buyer Comment (2026-07-24): Please see attached |
07/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199419 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | For the primary residence, provide verification that the $[redacted] loan listed on the property report is paid off or provide a [redacted] -month pay history. | Reviewer Comment (2026-07-28): Property History Report received for the primary residence evidencing satisfaction and release of the mortgage. Exception Cleared. Buyer Comment (2026-07-24): Please find attached snip of primary property history report reflecting mortgage release. |
07/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199419 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide a final Closing Statement fully executed by all parties or stamped true and certified. The copy provided is an estimated closing statement. | Reviewer Comment (2026-07-28): Received final closing statement. Exception Cleared Buyer Comment (2026-07-27): Please see attached. |
07/28/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199400 | [redacted] | XXXX | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Policy Amount is missing in the Title document. | Reviewer Comment (2026-07-31): Supplement received Buyer Comment (2026-07-30): See title & supplement attached. Thank you. Reviewer Comment (2026-07-27): Provided Title Supplement document still not provided in file. Exception Remains. Buyer Comment (2026-07-23): Please see attached Title Supplement |
07/31/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199400 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide the final Closing Statement fully executed by all parties or stamped true and certified. Copy provided is not signed by all parties. | Reviewer Comment (2026-07-31): Final closing statement received. Buyer Comment (2026-07-30): See HUD attached. Buyer Comment (2026-07-30): Please see attached final HUD. Reviewer Comment (2026-07-27): Final Settlement Statement is not provided in file. Exception Remains. Buyer Comment (2026-07-23): Please see attached Final SS |
07/31/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199376 | [redacted] | XXXX | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in the file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2026-07-27): No new document received. Available title report has proposed loan amount of $[redacted]. Exception cleared. Buyer Comment (2026-07-23): Please see Doc ID [redacted]. The loan amount reflects $[redacted]. This matches the loan amount. |
07/27/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [redacted] | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199386 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | File is missing deed signed at closing transferring ownership to our borrowers. | Reviewer Comment (2026-07-27): Received Deeds / Warranty / Grant / Quit-Claim. Exception Cleared. Buyer Comment (2026-07-23): PFA |
07/27/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199383 | [redacted] | XXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. Shortfall is $[redacted]. | Reviewer Comment (2026-07-28): Received Replacement Cost Estimator. Exception Cleared. Buyer Comment (2026-07-24): Please find attached RCE. |
07/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199383 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is not provided in file. | Reviewer Comment (2026-07-31): Received Operating Agreement. Exception Cleared. Buyer Comment (2026-07-29): Please find attached operating agreement. Reviewer Comment (2026-07-28): Borrower Certificate received. However, the Operating Agreement is required to verify and confirm the borrower's ownership percentage. Exception Remains. Buyer Comment (2026-07-24): Please find attached borrower certificate. |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199413 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | For the primary residence, provide either a [redacted] month pay history or a property report verifying it is owned free and clear with taxes paid current. | Reviewer Comment (2026-07-27): Received Property History report with tax paid. Exception Cleared. Buyer Comment (2026-07-23): Please find attached |
07/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199416 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing was not found in file. | Reviewer Comment (2026-07-31): Received Certificate of Good Standing. Exception Cleared. Buyer Comment (2026-07-29): Please refer [redacted] certificate of existence (Good Standing) and refer [redacted] for article of organization. Reviewer Comment (2026-07-28): Received Article of organization. Required Certificate of Good Standing. Exception Remains. Buyer Comment (2026-07-24): Please find attached. |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199370 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower [redacted] lives rent free and is [redacted] time investor with no verifiable housing with proof of ownership. Rent free letter not provided. This is not permitted per guidelines. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. |
Reserves: [redacted] Guideline Requirement: [redacted] Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-08-13): Waived with compensating factors per lender exception approval. Buyer Comment (2026-08-11): Revised exception attached. Thank you. Reviewer Comment (2026-08-06): Compensating factors provided are not accurate. Exception reflects [redacted] DSCR; however, review DSCR is [redacted] . An updated approved exception will be required with the correct comp factors. Buyer Comment (2026-08-05): Please see exception attached. Thank you. Buyer Comment (2026-08-04): Please see attached. Thank you. Reviewer Comment (2026-08-03): Borrower [redacted] lives rent-free. A rent-free letter from the spouse is required. Exception Remains. Buyer Comment (2026-07-30): [redacted] , PLEASE note the Borrowers are married to each other & reside in the same primary residence only in Borr #[redacted]'s name. They are both on this purchase transaction together hence the guideline does not apply regarding rent [redacted] & [redacted]st time investor. Please advise if an exception is required. Thank you. |
08/13/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| [redacted] | 2199355 | [redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $[redacted] is less than the note amount of $[redacted] based on the Commitment in file. | Reviewer Comment (2026-07-28): Received Title Commitment. Exception Cleared. Buyer Comment (2026-07-24): Please find attached. |
07/28/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199355 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title search shows negative impact on title. | Judgment on title against the borrowing entity. Provide verification this has been paid and released. | Reviewer Comment (2026-07-28): Received satisfaction for judgement. Exception Cleared. Buyer Comment (2026-07-24): Please also find attached proof of payment. Buyer Comment (2026-07-24): Please find attached. |
07/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199428 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception provided approving Unit [redacted] being below [redacted], however it is unit [redacted]that is less than [redacted]. Provide an updated lender exception with correct unit listed. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2026-07-23): Waived with compensating factors per lender approved exception received in trailing documents. Buyer Comment (2026-07-21): Updated exception form to reflect unit [redacted] . |
07/23/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||
| [redacted] | 2199407 | [redacted] | XXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Assets are insufficient to cover Cash from Borrower. | Reviewer Comment (2026-08-05): Received source document for Earnest money deposit. Exception Cleared. Buyer Comment (2026-08-03): Please find attached documents Reviewer Comment (2026-07-28): Provided document [redacted] reflects total cash from borrower of $[redacted] (Cash to Close $[redacted]+ POCB $[redacted]+ Deposit $[redacted]= $[redacted]). Additional assets are required to document and support the full cash from borrower requirement. Exception Remains. Buyer Comment (2026-07-24): Please review [redacted] Cash from borrower is [redacted] |
08/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199404 | [redacted] | XXXX | Credit | Business Purpose | General | Business Purpose | Missing Document: Spousal Consent not provided. | - | Spousal Consent form was not found in file. | Reviewer Comment (2026-07-28): Received Interspousal transfer grant deed. Exception Cleared. Buyer Comment (2026-07-27): PFA as requested |
07/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| [redacted] | 2199404 | [redacted] | XXXX | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | - | Information was updated as per the document in the file. | Reviewer Comment (2026-07-28): Received HOA Questionnaire and Project Approval. Exception Cleared. Buyer Comment (2026-07-24): PFA as requested |
07/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| [redacted] | 2199404 | [redacted] | XXXX | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Information was updated as per the document in the file. | Reviewer Comment (2026-07-28): Received Title Supplemental Report. Exception Cleared. Buyer Comment (2026-07-28): PFA as requested |
07/28/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199404 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender requested an exception which was approved. An exception is required for: 1. Owner occupancy less than [redacted]%. New construction/conversion projects require at least [redacted]% owner and second home occupancy. Currently [redacted] Single entity ownership exceeding[redacted] %. Developer holding [redacted] units for leasing (all marketplace rentals). | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2026-07-29): Waived with compensating factors per lender exception approval. Buyer Comment (2026-07-27): PFA updated exception |
07/29/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||
| [redacted] | 2199377 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide verification of the [redacted] and [redacted] payments for the primary residence. Credit report last reported on[redacted] , and mortgage statements verify the [redacted] payments. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-08-05): Waived with compensating factors per lender approved exception. Buyer Comment (2026-08-03): Please find attached the exception approval. Reviewer Comment (2026-07-30): Received lender exception approval for the month of [redacted] payment for primary. Require evidence for the month of [redacted] or provide lender exception approval for [redacted] month also. Exception remains. Buyer Comment (2026-07-28): Please see attached |
08/05/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| [redacted] | 2199377 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Provide evidence of signing authority for the borrowing entity. Must be signed by all entity owners. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-08-05): Waived with compensating factors per lender approved exception. Buyer Comment (2026-08-03): Please find attached the exception approval. Reviewer Comment (2026-07-30): Received evidence of signing authority with loan amount mentioned as $[redacted]which is not matching with Note loan amount of $[redacted] . Exception remains. Buyer Comment (2026-07-28): Please see attached |
08/05/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| [redacted] | 2199369 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [redacted] months housing history not provided for subject poperty | Reviewer Comment (2026-07-31): Revalidated information from VOR/VOM. Exception Cleared. Buyer Comment (2026-07-29): VOM subject |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199401 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Final HUD/Closing Disclosure document is missing in the loan file. | Reviewer Comment (2026-07-29): Received Final HUD. Exception Cleared. Buyer Comment (2026-07-27): Please see attached Final SS and HUD |
07/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199402 | [redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file is missing a Final Title Policy. | Reviewer Comment (2026-08-03): Final title. |
08/03/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199402 | [redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $[redacted]is less than the note amount of $[redacted]. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2026-08-03): Final title. Buyer Comment (2026-07-31): Final title policy attached. Thank you. |
08/03/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199402 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | [redacted] was not provided and is required. | Provide [redacted] | Reviewer Comment (2026-08-03): OFAC. Buyer Comment (2026-07-30): Clear ofac. Buyer Comment (2026-07-30): Clear OFAC attached. Thank you. |
08/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199395 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide a fully executed or stamped true and certified final HUD/CS. | Reviewer Comment (2026-07-28): Received final closing statement. Exception Cleared Buyer Comment (2026-07-24): Please see attached Final SS |
07/28/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199398 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Reviewer Comment (2026-07-31): Received amortization schedule the Current loan is yet to start the payment on [redacted] and it is going to be paid off through subject transaction. Property profile shows subject is free and clear. Exception Cleared. Buyer Comment (2026-07-29): previous note for subject property Buyer Comment (2026-07-29): VOM- Primary |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2199392 | [redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Reviewer Comment (2026-07-31): Received Non-Owner Occupancy Declaration. Exception cleared. Buyer Comment (2026-07-29): Non-Owner |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2199392 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing in file. | Reviewer Comment (2026-07-31): Received Articles of Organization/Formation. Exception cleared. Buyer Comment (2026-07-29): Cert of formation; |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199392 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Provide a Certificate of Good Standing dated within [redacted] days of the Note. Document provided is outdated. | Reviewer Comment (2026-07-31): Business entity formed with in [redacted] months. Exception cleared. Buyer Comment (2026-07-29): Per guidelines, Not required if the [redacted] was formed within the last [redacted] months |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199424 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has been affected by the disaster. | The last property inspection date is [redacted] . There was FEMA disaster dated [redacted] Need a post-disaster inspection indicating no damage to the subject property, and must be dated after the disaster declaration. | Reviewer Comment (2026-08-04): Appraisal report located in the file is after the disaster end date. Exception cleared. Buyer Comment (2026-07-31): The appraisal is dated in [redacted] although the disaster declaration is still in place. Please advise. Thank you. Buyer Comment (2026-07-31): Please confirm the dates above. Do you mean [redacted] ? Thank you. |
08/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199424 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Please provide final signed/stamped settlement statement as the [redacted] the file was not signed by all parties. | Reviewer Comment (2026-08-04): Provided closing statement signed by all parties. Exception cleared. Buyer Comment (2026-07-31): Please see HUD attached with addendum executed. Thank you. |
08/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199396 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | File is missing final signed and dated HUD-1/Settlement Statement. Missing closing agent signature. | Reviewer Comment (2026-07-29): Received Final HUD. Exception Cleared. Buyer Comment (2026-07-27): PFA |
07/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199374 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide a rent-free letter from the homeowner of the [redacted] , verifying she lived at the residence rent-free. | Reviewer Comment (2026-07-31): Received Property History Report confirming [redacted] was owned free and clear. Exception Cleared. Buyer Comment (2026-07-29): Borrower owns [redacted] per property profile |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199374 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide a rent-free letter from the person that [redacted]lives with at the[redacted] | Reviewer Comment (2026-07-31): Received Letter of Explanation confirming Borrower [redacted] living Rent free on address[redacted]. Exception cleared. Buyer Comment (2026-07-29): rent free loe |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199374 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | The purchase contract was not signed by both owners of the borrowing entity. | Reviewer Comment (2026-07-31): Received Signing Authorization states the borrower is fully authorized and entitled to sign on behalf. Exception cleared. Buyer Comment (2026-07-29): Not required to be signed by [redacted] per signed attached authorization |
07/31/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199374 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | HUD/CS is not signed by all parties. | Reviewer Comment (2026-07-31): Received Final Closing Statement updated values and associated. Exception cleared. Buyer Comment (2026-07-30): Final SS |
07/31/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199415 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | File is missing final signed and dated HUD-1/Settlement Statement. | Reviewer Comment (2026-07-29): Received Final Closing statement. Exception Cleared. Buyer Comment (2026-07-27): Please find attached final SS |
07/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199418 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Credit application for co-borrower [redacted] is missing in file. | Reviewer Comment (2026-08-06): Received signed & dated credit application for co-borrower. Exception cleared. Buyer Comment (2026-08-04): app |
08/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199418 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | [redacted] months housing history was not provided for coborrower. Letter of explanation for living rent free reflected that coborrower had been living rent free since [redacted] | Reviewer Comment (2026-07-31): Received co-borrower's Credit report and Property history report. Exception Cleared. Buyer Comment (2026-07-29): credit report for Co-Borrower Buyer Comment (2026-07-29): [redacted] profile |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199425 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC is required for all parties involved in the transaction - business entity is missing. | Reviewer Comment (2026-08-04): Received OFAC for the business entity. Exception Cleared. Buyer Comment (2026-07-31): ofac |
08/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199385 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC is required for all parties involved in the transaction - full business name is missing. | Reviewer Comment (2026-07-31): Received OFAC. Exception Cleared. Buyer Comment (2026-07-29): PFA as requested |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199381 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Missing evidence of the[redacted] payment on primary residence. Credit report reflects date of last activity [redacted] and statement provided reflects[redacted] payment. | Reviewer Comment (2026-08-04): Client elected to close with a [redacted] on the primary housing payment history. Reviewer Comment (2026-08-04): Mortgage statement for the Month of [redacted] is available in file. Please Provide evidence of the[redacted] payment on primary residence. Exception Remains. Buyer Comment (2026-07-31): Program permits [redacted] with no reduction; we don't have evidence of [redacted] payment. |
08/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199375 | [redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-08-04): Received final title policy. Exception Cleared. |
08/04/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2199375 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Title commitment/loan payoff in the file indicates a blanket mortgage covers the subject property. Provide evidence loan was paid in full or that the subject property was fully released from the lien. | Reviewer Comment (2026-08-04): Received final title policy reflecting no lien. Exception Cleared. Buyer Comment (2026-07-31): Final title |
08/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199394 | [redacted] | XXXX | Credit | Guideline | Guideline Issue | Guideline | The Guarantor's Percent of Business Ownership does not meet guideline requirements. | - % of Business Ownership: ___ | Minimum requirement of ownership is [redacted]%; however, the guarantor has [redacted] % ownership, and it does not meet the guideline requirements. | Reviewer Comment (2026-08-04): Borrowing certificate is provided for guarantor owning [redacted] % ownership. Exception cleared. Buyer Comment (2026-07-31): Guidelines do not require [redacted] % ownership. they only require a personal guaranty for any Any individual with [redacted] % or greater ownership in the [redacted] |
08/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| [redacted] | 2199394 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Personal Guarantees are required from the authorized signor(s) who are borrowers on the loan, along with any individual with [redacted] % or greater ownership in the entity. | Reviewer Comment (2026-08-04): Borrowing certificate is provided for guarantor owning [redacted] % ownership. Exception cleared. Buyer Comment (2026-07-31): Borrowing Cert |
08/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199399 | [redacted] | XXXX | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | HOI does not list ISAOA/ATIMA after [redacted]. | Reviewer Comment (2026-07-30): Received revised Hazard Insurance policy as required. Exception cleared. Buyer Comment (2026-07-28): Please see attached. |
07/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199403 | [redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-08-04): Received Title Final Policy covering the Loan amount. Value updated and Exception Cleared. |
08/04/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [redacted] | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2199403 | [redacted] | XXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The preliminary title report in file disclosed $[redacted] of title insurance coverage; however, this is less than the loan amount of $[redacted] . Provide a copy of the final title policy or a supplemental title report verifying title insurance of at least the loan amount. | Reviewer Comment (2026-08-04): Received Title Final Policy covering the Loan amount. Value updated and Exception Cleared. Buyer Comment (2026-07-31): Lenders policy |
08/04/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [redacted] | Investment | Refinance - Cash-out - Other | B | A | B | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199436 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing a full [redacted] -month housing history for primary residence. Borrower is renting from a private party, which requires [redacted] months of canceled checks or bank statements. A letter of explanation in the file states that rent from the beginning of the lease is $[redacted] . | Reviewer Comment (2026-08-05): Received lease agreement along with [redacted] months bank statement evidencing rent. Exception cleared. Buyer Comment (2026-08-03): lease agreement and bank statements |
08/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199432 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide verification of the [redacted]payment for the primary residence. | Reviewer Comment (2026-08-05): Received mortgage statement with full payment in the month of [redacted] and available limit of $[redacted] . Exception cleared. Buyer Comment (2026-08-03): Paid in full [redacted] |
08/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199438 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Reviewer Comment (2026-08-06): Received Flood Certificate. Exception Cleared. Buyer Comment (2026-08-04): flood cert |
08/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||
| [redacted] | 2199438 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The exception is requested and approved because the project review is currently non-warrantable due to the following reasons: critical repairs not completed; ongoing critical repairs for concrete restoration; and Crime/Fidelity insurance is not meeting the minimum coverage required. Currently short by $[redacted] ; coverage is $[redacted] and should be at least $[redacted] . Compensating factors include reserves and FICO. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. | Reserves: [redacted] Guideline Requirement: [redacted] |
SitusAMC | Reviewer Comment (2026-07-29): Waived with compensating factors per lender exception approval at origination. |
07/29/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| [redacted] | 2199438 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | Reviewer Comment (2026-08-19): Received credit application with updated citizenship. Exception cleared. Buyer Comment (2026-08-17): revised signed commercial app |
08/19/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||
| [redacted] | 2199438 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | The file is missing payment history for the primary residence at [redacted]. | Reviewer Comment (2026-08-06): Received Property history report with tax paid. Exception Cleared. Buyer Comment (2026-08-04): taxes paid in full Buyer Comment (2026-08-04): free and clear |
08/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199438 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC is required for all parties involved in the transaction; the business entity is missing. | Reviewer Comment (2026-08-06): Received OFAC for the business entity. Exception Cleared. Buyer Comment (2026-08-04): ofac |
08/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199438 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Provide evidence of signing authority for the borrowing entity. Must be signed by all entity owners. | Reviewer Comment (2026-08-06): Received Borrower certification and Corporate resolution. Exception Cleared. Buyer Comment (2026-08-04): Signing authority |
08/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2199423 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Guarantee Agreement missing in the file. | Reviewer Comment (2026-08-07): Received Guarantor Agreement for the Entity. Exception Cleared. Buyer Comment (2026-08-05): Guaranty |
08/07/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195804 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide a [redacted] month rent history meeting guidelines for the primary residence. | Reviewer Comment (2026-05-07): Received rent free letter from spouse. Exception Cleared. Buyer Comment (2026-05-05): PFA Reviewer Comment (2026-04-16): Received property profile which proves property is free & clear. Require rent free letter from borrower's spouse. Exception remains. Buyer Comment (2026-04-14): PFA Reviewer Comment (2026-04-06): Received underwriter discretion with rent free letter from the borrower. Per letter, borrower is living rent free with spouse. Require rent free letter from spouse and evidence proving primary mortgage is on spouse's name. If property is held free & clear, then require property profile report. Exception remains. Buyer Comment (2026-04-02): Please see attached 1008 UW discretion Buyer Comment (2026-04-02): Borrower living rent free |
05/07/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195804 | [redacted] | XXXX | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | Address on Flood Cert does not contain "[redacted] " in the address. | Reviewer Comment (2026-06-02): Updated flood certificate received in trailing documents. Reviewer Comment (2026-06-02): Address on loan documents are required to match zip code lookup. Buyer Comment (2026-05-29): Please see attached plat map, contract and survey. The address should, in fact, have "[redacted]". Docs are correct. No changes are needed. Title insures the property on legal, not [redacted] address. I would not be able to execute or record any sort of correction docs, as they would be inaccurate. Let me know if you have anything else. Please see attached response from the title company. Reviewer Comment (2026-05-18): Per management direction, all documents must match the [redacted] search. Search provided in file does not contain "[redacted] "; therefore, updated Note and Security Instrument are required. Once those are corrected/received with all cure documents, conditions to be re-reviewed. Buyer Comment (2026-05-14): Please re-review [redacted] . Now all the documents have Subject property address as "[redacted]". Updated Appraisal and Flood is already provided to you. Reviewer Comment (2026-05-13): Conditions to be re-reviewed when corrected Note is provided, per the Note address not matching the USPS address provided. Buyer Comment (2026-05-11): PFA Reviewer Comment (2026-04-09): The provided guideline snippet does not align with Guideline [redacted] for the subject property address. A corrected flood certificate is required. Buyer Comment (2026-04-07): Attached snip from the guidelines Reviewer Comment (2026-04-06): Received [redacted] search for the subject address. Provide corrected flood certificate. Exception remains. Buyer Comment (2026-04-02): Please see attached snip of [redacted] Buyer Comment (2026-04-02): Please see borrower living rent free |
06/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195804 | [redacted] | XXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Address on the 1004 and UCDP does not contain "[redacted] " in the address.. | Reviewer Comment (2026-06-02): Updated appraisal received in trailing documents. Reviewer Comment (2026-06-02): Address on loan documents are required to match zip code lookup. Buyer Comment (2026-05-29): Please see attached plat map, contract and survey. The address should, in fact, have "[redacted] ". Docs are correct. No changes are needed. Title insures the property on legal, not [redacted] address. I would not be able to execute or record any sort of correction docs, as they would be inaccurate. Let me know if you have anything else. Please see attached response from the title company. Reviewer Comment (2026-05-18): Per management direction, all documents must match the [redacted] search. Search provided in file does not contain "[redacted] "; therefore, updated Note and Security Instrument are required. Once those are corrected/received with all cure documents, conditions to be re-reviewed. Buyer Comment (2026-05-14): Please re-review [redacted] . Now all the documents have Subject property address as "[redacted] ". Updated Appraisal and Flood is already provided to you. Reviewer Comment (2026-05-13): Conditions to be re-reviewed when corrected Note is provided, per the Note address not matching the USPS address provided. Buyer Comment (2026-05-13): PFA Reviewer Comment (2026-05-05): Received 1004 appraisal report with corrected property address. Require UCDP with corrected property address. Exception remains. Buyer Comment (2026-05-01): PFA Reviewer Comment (2026-04-09): The provided guideline snippet does not align with Guideline[redacted] for the subject property address. A corrected Valuation is required. Buyer Comment (2026-04-07): Attached snip from the guidelines Reviewer Comment (2026-04-06): Received [redacted] search for the subject address. Provide corrected valuation report. Exception remains. Buyer Comment (2026-04-02): Please see attached snip of [redacted] |
06/02/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||||
| [redacted] | 2195804 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | Note provided in file contains incorrect property address. Per USPS, "[redacted] " is not contained in the address. Please provide the following: Corrected Note, LOE and proof of delivery to borrower prior to new Note being executed and destroyed Note Affidavit for incorrect note. |
Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
SitusAMC SitusAMC |
Reviewer Comment (2026-06-02): Waived per client direction. |
06/02/2026 | No | 2 | B | B | B | B | B | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||||||||
| [redacted] | 2195804 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | Per USPS, the property address on the security instrument is incorrect, as it does not contain the word "[redacted] " per USPS. Please provide one of the following: Either fully corrected document, with notice of intent to re-record from the settlement agent OR Scrivener's affidavit, updating the property address and notice of intent to record the Scrivener's affidavit from the settlement agent. | Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. |
SitusAMC SitusAMC |
Reviewer Comment (2026-06-02): Waived per client direction. |
06/02/2026 | No | 2 | B | B | B | B | B | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||||||||
| [redacted] | 2195839 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The Certificate of Good Standing within the last [redacted] days was not provided. Document is not dated. | Reviewer Comment (2026-06-05): [redacted] Buyer Comment (2026-06-03): See attached |
06/05/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195839 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Lien(s) negatively impacting title | Per title commitment provided in file, please provide proof the mortgage in Item [redacted] has been paid and released, along with the code violation requirements in Item [redacted] and [redacted] having been satisfied. | Reviewer Comment (2026-06-24): Received Satisfaction of mortgage for $[redacted] along with satisfaction of violation for instrument #[redacted] . Exception cleared. Buyer Comment (2026-06-22): See attached documentation Reviewer Comment (2026-06-15): Unable to confirm the [redacted] code violations have been paid/released. Provide final title. Buyer Comment (2026-06-11): See attached settlement statement and satisfaction |
06/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195803 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing [redacted] for business entity. | Reviewer Comment (2026-06-11): [redacted] Buyer Comment (2026-06-09): See attached |
06/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195791 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Please provide the final Closing Statement fully executed by all parties or stamped true and certified. The copy in the file is an estimate. | Reviewer Comment (2026-06-25): Received final settlement statement. Exception cleared. Buyer Comment (2026-06-24): Final SS |
06/25/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195791 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Citizenship was not provided | - | Please provide the citizenship status for co-borrower. | Reviewer Comment (2026-06-25): Received Credit application with citizenship information. Exception cleared. Buyer Comment (2026-06-23): commercial app |
06/25/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [redacted] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | |||||||||||||
| [redacted] | 2195791 | [redacted] | XXXX | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Tax liens are required to be paid at or prior to closing. | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator,SitusAMC | Reviewer Comment (2026-08-04): Waived with compensating factors per lender exception approval. Buyer Comment (2026-07-31): exception Reviewer Comment (2026-07-22): Lien release received is not dated to determine when it was released, nor does it reflect that it has been recorded. Please provide recorded lien release for review of this condition. Buyer Comment (2026-07-22): Lien Release uploaded. Reviewer Comment (2026-06-25): Received satisfaction of lien with certificate number [redacted] . Require evidence for the lien satisfaction for certificate number [redacted] with amount of $[redacted] . Exception remains. Buyer Comment (2026-06-23): lien release |
08/04/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [redacted] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||
| [redacted] | 2195837 | [redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Title Evidence was not found in file. | Reviewer Comment (2026-06-15): Final title. Buyer Comment (2026-06-11): Title commitment uploaded to other exception |
06/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195837 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | Title Evidence was not found in file. | Reviewer Comment (2026-06-15): Final title. Buyer Comment (2026-06-11): See attached |
06/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195837 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing OFAC for business entity. | Reviewer Comment (2026-06-15): [redacted] on Fraud Report provided. Buyer Comment (2026-06-12): See attached |
06/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195794 | [redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | DSCR [redacted] due to missing [redacted] months of verification of rent. | Reviewer Comment (2026-07-22): Received Lease Agreement with [redacted] months' rent as Security Deposit $[redacted] . Income from Lease Agreement $[redacted] qualified and matching DSCR. Buyer Comment (2026-07-20): Please see updated lease. The [redacted] is the [redacted] months receipt. It includes [redacted] month's payment and the deposit. Thank you. |
07/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195794 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Borrower is currently renting from a private party. The file is missing [redacted] months of canceled checks/bank statements confirming rent payments. | Reviewer Comment (2026-07-29): Per client direction, accepting [redacted] as guidelines permit. Reviewer Comment (2026-07-29): File contains evidence of rent payments through [redacted] for the previous primary; however, appears borrower signed new lease for new property on [redacted] We will need evidence of a [redacted] rent payment to complete the required [redacted] month history through closing. Reviewer Comment (2026-07-22): Provided bank statements showing account ownership and payments debited by landlord for the month of [redacted] and [redacted] Exception Remains. Buyer Comment (2026-07-20): Please see updated lease. The [redacted] is the [redacted] months receipt. It includes [redacted] month's payment and the deposit. Thank you. Buyer Comment (2026-07-20): Please see updated lease. The [redacted] is the [redacted] months receipt. It includes [redacted] month's payment and the deposit. Thank you. Reviewer Comment (2026-07-10): Provided bank statements showing account ownership and payments debited by landlord for the month of [redacted] and [redacted]. Exception Remains. Buyer Comment (2026-07-08): Rent confirmation private landlord. Buyer Comment (2026-07-08): See attached. |
07/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195796 | [redacted] | XXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-07-13): Received final title policy Exception cleared |
07/13/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2195796 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Title search shows negative impact on title. | There are [redacted] mortgage liens and a judgment from the seller listed on title. Provide verification that these [redacted] items have been paid and released. | Reviewer Comment (2026-07-13): Received final title policy evidencing no liens. Exception cleared Buyer Comment (2026-07-09): See final title attached. Thank you. Reviewer Comment (2026-07-02): Received documents does not reflect the subject property address. Exception Remains. Buyer Comment (2026-06-30): Please see attached. Thank you. |
07/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195801 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | File is missing verification of [redacted] mortgage payment for [redacted] mortgage and [redacted]payment for second mortgage both on the primary residence. | Reviewer Comment (2026-07-01): Lender accepts using the post closing credit report. Reviewer Comment (2026-06-26): Credit report being referenced is dated [redacted] which is post-consummation. If Lender is accepting, condition can be cleared; however, unable to cancel. Buyer Comment (2026-06-24): Please cancel this exception. Credit Report [redacted] reflects the requested payments were made. |
07/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195795 | [redacted] | XXXX | 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 ___. | Missing evidence of earnest money deposits of $[redacted]and $[redacted]. | The qualifying DSCR on the loan is greater than the guideline minimum. | The DSCR of [redacted] is greater than the minimum required DSCR of [redacted].. | SitusAMC,Originator | Reviewer Comment (2026-07-21): Waived with compensating factors per lender direction. Buyer Comment (2026-07-21): Please see credit report attached w/fico score over [redacted] & DSCR is over [redacted] . Thank you. Reviewer Comment (2026-07-16): Received lender exception; however, the comp factors provided are not valid. The guideline minimum FICO is [redacted] and the minimum DSCR is [redacted] . Lender will need to provide updated exception with valid compensating factors for review. Buyer Comment (2026-07-14): Please see exception attached. Thank you. Reviewer Comment (2026-07-13): Received documentation does not verify the source of the EMD. Please provide a copy of the check or a bank statement evidencing that the check has cleared, along with a certified escrow receipt. Exception remains. Buyer Comment (2026-07-09): Please see attached. Thank you. Buyer Comment (2026-07-09): Please see attached. |
07/21/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| [redacted] | 2195800 | [redacted] | XXXX | 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: ___ | 1004 Appraised value differs from Desk review valuation. | Buyer Comment (2026-06-26): Additional valuation required. |
06/26/2026 | No | 2 | A | A | A | A | A | A | A | A | B | B | [redacted] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | N/A | No | |||||||||||||
| [redacted] | 2195821 | [redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | The Certificate of Non-Owner Occupied does not show the borrower(s) at an address different than the subject. | Reviewer Comment (2026-07-08): Received Non-Owner occupancy certificate showing borrower at an address different than the subject. Exception cleared. Buyer Comment (2026-07-06): PFA as requested |
07/08/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195838 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Provide verification of the [redacted] payment for the subject property and the primary residence. | Reviewer Comment (2026-07-09): Received credit supplement evidencing [redacted] payment was made on time. Exception cleared Buyer Comment (2026-07-07): Credit supplement to include the [redacted] payment. |
07/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195830 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Final HUD/CD is missing from the file. | Reviewer Comment (2026-07-13): Received Final HUD/CD updated values and associated. Exception cleared. Buyer Comment (2026-07-09): HUD-1 attached. Thank you. |
07/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195830 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Reviewer Comment (2026-07-13): Received Credit Supplement showing [redacted] months Housing History for primary Residence. Exception cleared. Buyer Comment (2026-07-09): Borrowers primary & previous primary on credit report. See supplement attached for current [redacted] . Thank you. |
07/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2195836 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Rent-free letter was in the file; however, UW Discretion is required for a borrower living rent-free with someone other than a spouse. | Reviewer Comment (2026-07-13): Received 1008 with UW Discretion for Borrower living Rent free updated. Exception cleared. Buyer Comment (2026-07-09): Please see 1008 attached with underwriters rent free comments. |
07/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195836 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | Reviewer Comment (2026-07-17): Received Cashier's check. Exception Cleared. Buyer Comment (2026-07-15): Please see cashier's check from donor payable to title co. Thank you. Reviewer Comment (2026-07-13): Gift Letter for $[redacted] in file. Required Deposit Receipt / Wire Transfer / Bank Statement to verify Source of Funds Deposit. Exception remains. Buyer Comment (2026-07-09): Please advise what you are looking for exactly on this condition as the loan is a refi. Thank you. |
07/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2195836 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Missing signed final closing statement. | Reviewer Comment (2026-07-13): Received Final Closing Statement updated values and Associated. Exception cleared. Buyer Comment (2026-07-10): Please see HUD-1 attached. Thank you. |
07/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195814 | [redacted] | XXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Unable to confirm [redacted]months' rent receipt required to use the higher lease amount. | Reviewer Comment (2026-07-09): Received wire confirmation for $[redacted] which is Security deposit of $[redacted] and first month's rent of $[redacted] . Exception cleared. Buyer Comment (2026-07-07): Please see attached |
07/09/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195822 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide a rent free letter from spouse for borrower [redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by [redacted]. The representative FICO score exceeds the guideline minimum by at least [redacted] points. |
Reserves: [redacted] Guideline Requirement: [redacted] Debt Service Coverage Ratio: [redacted] Guideline Requirement: [redacted] Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator,SitusAMC SitusAMC Originator,SitusAMC Originator,SitusAMC |
Reviewer Comment (2026-07-10): Waived with compensating factors per lender approved exception received in trailing documents. Buyer Comment (2026-07-08): exception |
07/10/2026 | No | 2 | C | B | C | B | C | B | C | B | D | B | [redacted] | Investment | Purchase | D | B | D | B | A | A | N/A | No | |||||||||||
| [redacted] | 2195813 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide a copy of the borrower's unexpired [redacted] . | Reviewer Comment (2026-07-09): Received [redacted] . Exception Cleared. Buyer Comment (2026-07-07): Please see attached |
07/09/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195829 | [redacted] | XXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Missing final settlement statement signed by all parties and stamped or certified by the escrow agent. Missing escrow agent signature of stamp. | Reviewer Comment (2026-07-15): Final closing statement received. Buyer Comment (2026-07-14): Final SS |
07/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195827 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Missing OFAC for trust. | Reviewer Comment (2026-07-10): Received cleared OFAC search for Trust. Exception cleared. Buyer Comment (2026-07-08): ofac |
07/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195820 | [redacted] | XXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of ___ is greater than Guideline total cash-out of ___. | HUD-1 total cash-out of $[redacted] is greater than guideline total cash-out of $[redacted] . | The representative FICO score exceeds the guideline minimum by at least [redacted] points. | Guidelines Representative FICO: [redacted] Representative FICO: [redacted] |
Originator,SitusAMC | Reviewer Comment (2026-07-10): Waived with compensating factors per lender approved exception received in trailing documents. Buyer Comment (2026-07-08): exception |
07/10/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [redacted] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| [redacted] | 2195833 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Reviewer Comment (2026-07-15): Received [redacted] month pay history for the subject property. Exception Cleared. Buyer Comment (2026-07-13): subject housing history Reviewer Comment (2026-07-13): Provided Property History Report for Subject property and Fraud Report reflects [redacted] for $[redacted] . Required Housing History for subject Property. Exception Remains. Buyer Comment (2026-07-09): [redacted] reporting the mtg [redacted] Buyer Comment (2026-07-09): Property history. |
07/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [redacted] | 2195834 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | For the primary residence, provide either a [redacted] -month pay history or a property report verifying it is owned free and clear with taxes paid current. | Reviewer Comment (2026-07-15): Received [redacted] months mortgage statements for the primary residence from [redacted]. Exception cleared. Buyer Comment (2026-07-13): operating agreement and mtg statements |
07/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195816 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Credit | OFAC was not provided and is required. | Missing OFAC for the business entity. | Reviewer Comment (2026-07-17): Received clear OFAC search for business entity. Exception cleared. Buyer Comment (2026-07-15): Please see attached. Thank you. |
07/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195817 | [redacted] | XXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | FICCO score below guideline minimum. | Reviewer Comment (2026-07-14): Received Credit Report. Exception cleared. Buyer Comment (2026-07-13): Please disregard the previous credit report & message. Please see attached credit report reflecting a [redacted] mid. Thank you. Buyer Comment (2026-07-13): Please see credit report attached with a mid of [redacted] . Thank you. Buyer Comment (2026-07-10): Please see attached 1008 |
07/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| [redacted] | 2195823 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Missing evidence of most recent rental payments for [redacted] | Reviewer Comment (2026-07-15): Received bank statement for rental payment. Exception Cleared. Buyer Comment (2026-07-13): [redacted] is not required; Note is dated [redacted] Buyer Comment (2026-07-13): [redacted] rent $[redacted] |
07/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195809 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | File is missing payment history for primary residence. | Reviewer Comment (2026-07-17): Property history report reflecting owned free and clear with no delinquent taxes listed received in trailing documents. Buyer Comment (2026-07-15): exception Reviewer Comment (2026-07-15): Received property profile for primary residence, per which property is held free & clear. Require receipt of taxes are paid current for primary residence. Exception remains. Buyer Comment (2026-07-13): PP owned free and clear |
07/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195811 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower living rent free with non spouse, UW discretion is required. | Reviewer Comment (2026-07-17): Received 1008 with UW discretion. Exception cleared. Buyer Comment (2026-07-15): UW discretion |
07/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195811 | [redacted] | XXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | The policy must be effective at the time of closing. The Hazard Insurance Policy Effective Date is after the note date. | Reviewer Comment (2026-07-23): Received Hazard Insurance. Exception Cleared. Buyer Comment (2026-07-21): Please see attached revised HOI policy |
07/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195831 | [redacted] | XXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide rent-free letter from spouse or [redacted] -month pay history for the primary residence. | Reviewer Comment (2026-07-17): Received property history report and taxes paid for the most recent property tax year and property is owned free and clear. Exception cleared. Buyer Comment (2026-07-15): taxes paid Buyer Comment (2026-07-15): Property profile owned free and clear |
07/17/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195831 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Provide fully signed final HUD/CS. | Reviewer Comment (2026-07-17): Received true and certified copy of Final closing statement by seller and agent and borrower's signed closing statement is already provided in file. Exception cleared. Buyer Comment (2026-07-16): Final SS |
07/17/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195792 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Unable to verify housing history for the primary residence from [redacted] , to present, as the VOR was signed on [redacted] . Please provide either a pay history or a rent-free letter for the [redacted]. | Reviewer Comment (2026-07-31): Mortgage statement provided in file. Exception Cleared. Buyer Comment (2026-07-30): [redacted] , please note the following: [redacted] was purchased on [redacted] (the settlement statement is on file under housing history verification). First payment for [redacted] would be [redacted] (MTG statement provided showing paid [redacted] ). Second payment would be[redacted] (MTG statement provided showing paid [redacted] ). The MTG statement shows the next payment is due [redacted] ; the loan was closed on[redacted] . Housing history is good until [redacted] |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195792 | [redacted] | XXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Unable to verify housing history for the subject property. Please provide a verification of timely payments made (either by canceled checks (front and back), or bank statements showing payments debited. | Reviewer Comment (2026-08-06): Received [redacted] consecutive months statement. Exception cleared. Buyer Comment (2026-08-04): Also, [redacted] please note the [redacted] payment for [redacted] Mtg is reflected on the[redacted] statement near the bottom. Lastly please waive the [redacted] payment as the program permits a [redacted] day late. Thank you. Buyer Comment (2026-08-04): Please see attached [redacted] mtg statements for the subject. Thank you. Reviewer Comment (2026-07-27): No attachment found in trailing documents. Exception remains. Buyer Comment (2026-07-23): Please see credit report showing home equity with [redacted] reporting thru [redacted] & printout history thru [redacted] Thank you. |
08/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195792 | [redacted] | XXXX | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Please provide final signed/stamped settlement statement as the one in the file was not signed by all parties. | Reviewer Comment (2026-07-31): Received Final Closing statement. Exception Cleared. Buyer Comment (2026-07-29): Please see attached Final SS |
07/31/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [redacted] | 2195792 | [redacted] | XXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The OFAC for the business entity was not provided. | Reviewer Comment (2026-07-31): Received OFAC for the business entity. Exception Cleared. Buyer Comment (2026-07-30): See clear ofac attached. Thank you. Reviewer Comment (2026-07-27): No attachment found in trailing documents. Exception remains. Buyer Comment (2026-07-23): Please see clear OFAC attached. Thank you. |
07/31/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [redacted] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No |