EFMT DEPOSITOR LLC ABS-15G

Exhibit 99.03 - Schedule 3

 

Loan ID Seller Loan ID Investor Loan ID Overall Initial Loan Grade Overall Final Loan Grade Credit Initial Loan Grade Credit Current/Final Loan Grade Compliance Initial Loan Grade Compliance Current/Final Loan Grade Property Initial Loan Grade Property Current/Final Loan Grade Queue Finding Code Date Created Date Modified Finding Status Event Level Initial Finding Grade Current/Final Finding Grade Finding Category Finding Sub Category Finding Name Finding Comments Seller Comments Resolution Comments Reviewer Comp Factor Originator Comp Factors Finding Documents Originator QM Status Final Reviewed QM Status Loan Amount Property State Occupancy Loan Purpose Refinance Purpose Acknowledged / WaivedBy Waiver in File? Unique Finding ID
2167238     C A A A C A A A Closed XXXX 2026-05-14 07:35 2026-05-20 11:44 Resolved 1 - Information C A Compliance TRID Tolerance Charges That Cannot Increase Test Resolved-***Received COC - Due Diligence Vendor-05/20/2026
Resolved- - Due Diligence Vendor-05/20/2026
Ready for Review-Document Uploaded. COC - Seller-05/20/2026
Open-The following charges have been either added or increased: Credit Report resulting in a 0% tolerance cure in the amount of $xxx. Please provide COC event details dated within 3 days of additional/increased charges. Or 0% tolerance cure in the amount of $xxx is required. Please provide PCCD, LOE, copy of refund check and proof of mailing. - Due Diligence Vendor-05/14/2026
Open-This loan failed the charges that cannot increase test.  (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $xxx.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Ready for Review-Document Uploaded. COC - Seller-05/20/2026

Resolved-***Received COC - Due Diligence Vendor-05/20/2026

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 43.32% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 20.92 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 23.00 Years
  xxx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA N/A N/A xxx
2167238     C A A A C A A A Closed XXXX 2026-05-14 07:35 2026-05-20 11:44 Resolved 1 - Information C A Compliance TRID Tolerance Reimbursement Amount Validation Test Resolved-***Received COC - Due Diligence Vendor-05/20/2026
Resolved- - Due Diligence Vendor-05/20/2026
Ready for Review-Document Uploaded.  - Seller-05/20/2026
Open-The following charges have been either added or increased: Credit Report resulting in a 0% tolerance cure in the amount of $xxx. Please provide COC event details dated within 3 days of additional/increased charges. Or 0% tolerance cure in the amount of $xxx is required. Please provide PCCD, LOE, copy of refund check and proof of mailing. - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open-This loan failed the reimbursement amount validation test.The loan failed one or more tolerance tests and did not provide a reimbursement amount. This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Ready for Review-Document Uploaded.  - Seller-05/20/2026

Resolved-***Received COC - Due Diligence Vendor-05/20/2026

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 43.32% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 20.92 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 23.00 Years
  xxx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA N/A N/A xxx
2167238     C A A A C A A A Closed XXXX 2026-05-14 07:35 2026-05-20 11:44 Resolved 1 - Information C A Compliance Disclosures (Federal, State, and Data Dependent) Consummation or Reimbursement Date Validation Test Resolved-***Received COC - Due Diligence Vendor-05/20/2026
Resolved- - Due Diligence Vendor-05/20/2026
Ready for Review-Document Uploaded.  - Seller-05/20/2026
Open-The following charges have been either added or increased: Credit Report resulting in a 0% tolerance cure in the amount of $xxx. Please provide COC event details dated within 3 days of additional/increased charges. Or 0% tolerance cure in the amount of $xxx is required. Please provide PCCD, LOE, copy of refund check and proof of mailing. - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Open-This loan failed the closing or reimbursement date validation test.The loan failed one or more tolerance tests and did not provide either a reimbursement date or a consummation date (or closing / settlement date, if consummation date is not available). This information is necessary in order to correctly perform reimbursement calculations. - Due Diligence Vendor-05/14/2026
Open- - Due Diligence Vendor-05/14/2026
Ready for Review-Document Uploaded.  - Seller-05/20/2026

Resolved-***Received COC - Due Diligence Vendor-05/20/2026

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 43.32% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 20.92 Years

Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 23.00 Years
  xxx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA N/A N/A xxx
2193298     C B B B A A C B Closed XXXX 2026-06-12 04:01 2026-06-29 13:20 Resolved 1 - Information C A Property Appraisal Subject property appraisal is not on an as-is basis (Primary Value) Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully present, or Not Applicable - Due Diligence Vendor-06/29/2026
Resolved-Updated appraisal provided with as-is value. Property is fine within zoning.  - Due Diligence Vendor-06/29/2026
Ready for Review-Document Uploaded. The revised appraisal report indicates that the property is in as-is condition and confirms that it is a multifamily property that is legally permissible under the current zoning. I attached the email communication and the revised appraisal  - Seller-06/29/2026
Counter-Document Uploaded. Per appraisal: Subject too - Subject to verification by the local code enforcement authority that the additional unit is legal and/or properly permitted, as the assessor’s records currently reflect only two units - Due Diligence Vendor-06/26/2026
Ready for Review-The appraisal states as is. We do not have any work to be completed please provide more information.  - Seller-06/25/2026
Counter-Page xxx of PDF(page xxx OCR) package says subject to local code enforcement providing information. No 1004D found. Please provide 1004D saying completed.  - Due Diligence Vendor-06/24/2026
Ready for Review-Page xxx This appraisal is made "as is, - Seller-06/23/2026
Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not fully Present - Due Diligence Vendor-06/12/2026
Ready for Review-Document Uploaded. The revised appraisal report indicates that the property is in as-is condition and confirms that it is a multifamily property that is legally permissible under the current zoning. I attached the email communication and the revised appraisal  - Seller-06/29/2026

 Ready for Review-The appraisal states as is. We do not have any work to be completed please provide more information.  - Seller-06/25/2026

 Ready for Review-Page 3 This appraisal is made "as is, - Seller-06/23/2026

Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully present, or Not Applicable - Due Diligence Vendor-06/29/2026

 Resolved-Updated appraisal provided with as-is value. Property is fine within zoning.  - Due Diligence Vendor-06/29/2026

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 143.96 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months
  xxx ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other N/A N/A xxx
2193298     C B B B A A C B Closed XXXX 2026-06-12 05:16 2026-06-16 10:11 Waived 2 - Non-Material B B Credit Eligibility Property Characteristics Do Not Meet Guideline Requirements Waived-2 OUT OF 3 UNITS HAVE A GLA OF LESS THAN xxx. (xxx) - Due Diligence Vendor-06/16/2026
Open-2 OUT OF 3 UNITS HAVE A GLA OF LESS THAN xxx. (xxx) - Due Diligence Vendor-06/16/2026
  Waived-2 OUT OF 3 UNITS HAVE A GLA OF LESS THAN xxx. (xxx) - Due Diligence Vendor-06/16/2026
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 143.96 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months
Comp Factors:
1. DSCR 1.38   
2. FICO IS xxx
3. POST CLOSING RESERVE IS 143.93 MONTHS, PROGRAM, REQUIRES 2 MONTHS.
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other Originator Pre-Close Yes xxx
2193298     C B B B A A C B Closed XXXX 2026-06-12 05:18 2026-06-16 10:10 Waived 2 - Non-Material B B Property Property Issue Property Condition Rating Does Not Meet Program Requirements Waived-EXCEPTION FOR CONDITION RATING OF C4. PER xxx GUIDELINES, NOT ELIGIBLE FOR FINANCING - Due Diligence Vendor-06/16/2026
Open-EXCEPTION FOR CONDITION RATING OF C4. PER xxx GUIDELINES, NOT ELIGIBLE FOR FINANCING - Due Diligence Vendor-06/16/2026
  Waived-EXCEPTION FOR CONDITION RATING OF C4. PER xxx GUIDELINES, NOT ELIGIBLE FOR FINANCING - Due Diligence Vendor-06/16/2026
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 143.96 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months
Comp Factors:
1. DSCR 1.38   
2. FICO IS xxx
3. POST CLOSING RESERVE IS 143.93 MONTHS, PROGRAM, REQUIRES 2 MONTHS
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other Originator Pre-Close Yes xxx
2179049     A A A A A A A A   XXXX         A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA      
2194159     C A A A A A C A Closed XXXX 2026-06-25 10:48 2026-07-16 07:49 Resolved 1 - Information C A Property Appraisal Subject property appraisal is not on an as-is basis (Primary Value) Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully present, or Not Applicable - Due Diligence Vendor-07/16/2026
Ready for Review-Document Uploaded.  - Seller-07/14/2026
Counter-You could get a lender exception for the smoke detectors, though it is a safety issue or update from appraiser.  - Due Diligence Vendor-07/02/2026
Ready for Review-Will xxx accept a LOE cert from the xxx to certify that these have been installed? Thanks! - Seller-07/01/2026
Counter-Any additional 1004D information apart from just pictures of smoke detectors would be appreciated.  - Due Diligence Vendor-07/01/2026
Ready for Review-Document Uploaded.  - Seller-06/30/2026
Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not fully Present - Due Diligence Vendor-06/25/2026
Ready for Review-Document Uploaded.  - Seller-07/14/2026
 Ready for Review-Will you/XXXX accept a LOE cert from the xxx to certify that these have been installed? Thanks! - Seller-07/01/2026
 Ready for Review-Document Uploaded.  - Seller-06/30/2026
Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully present, or Not Applicable - Due Diligence Vendor-07/16/2026

Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 22.67 Years
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 15.15% Is Less Than The Guideline Maximum Of 45% By Five Percent (5%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 14.16 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.06
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 36.64 Years
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 36.63 Years
  xxx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA N/A N/A xxx
2187022     A A A A A A A A   XXXX         A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA      
2187026     A A A A A A A A   XXXX         A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other      
2187021     A A A A A A A A   XXXX         A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Second Home Purchase NA      
2187023     C A A A A A C A Closed XXXX 2026-07-07 06:28 2026-07-16 13:19 Resolved 1 - Information C A Property Appraisal Subject property appraisal is not on an as-is basis (Primary Value) Resolved-Appraisal updated to no conditions, as Is and photos provided showing double strapped.  - Due Diligence Vendor-07/16/2026
Ready for Review-Document Uploaded. Please see the attached updated Appraisal.
No corrections needed. - Seller-07/15/2026
Counter-Document Uploaded. The Original Appraisal states: confirm electrical connection is code for water heater. The double strapped water heater still reflects the electrical connection has not been fixed.  - Due Diligence Vendor-07/15/2026
Ready for Review-Document Uploaded. Updated Appraisal Report - Seller-07/13/2026
Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not fully Present - Due Diligence Vendor-07/07/2026
Ready for Review-Document Uploaded. Please see the attached updated Appraisal.
No corrections needed. - Seller-07/15/2026

 Ready for Review-Document Uploaded. Updated Appraisal Report - Seller-07/13/2026

Resolved-Appraisal updated to no conditions, as Is and photos provided showing double strapped.  - Due Diligence Vendor-07/16/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.01
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 9.40 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 19.92 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 80% Is Below The Guideline Maximum Of 90% By Ten Percent (10%) Or More
  xxx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA N/A N/A xxx
2195971     D A D A A A A A Closed XXXX 2026-07-13 04:51 2026-07-16 15:11 Resolved 1 - Information D A Credit Missing Doc - Employment Borrower 1 3rd Party VOE Prior to Close Missing Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-07/16/2026

Ready for Review-Document Uploaded.  - Buyer-07/15/2026

Open-Borrower 1 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-07/13/2026
  Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-07/16/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less -  Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.18

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months -  Months Reserves Of 23.12 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months

Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More -  Calculated DTI Of 32.4% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
  xxx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA N/A N/A xxx
2187024     A A A A A A A A   XXXX         A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA      
2187025     A A A A A A A A   XXXX         A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA      
2194055     A A A A A A A A   XXXX         A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Purchase NA      
2194053     A A A A A A A A   XXXX         A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other      
2198249     D A A A D A A A Closed XXXX 2026-07-16 10:34 2026-07-28 18:20 Resolved 1 - Information D A Compliance Missing Doc - Closing Package The Deed of Trust is Incomplete Resolved-LOI is present.  - Due Diligence Vendor-07/28/2026
Ready for Review-Document Uploaded.  - Buyer-07/28/2026
Counter-Missing page 1 re-record declaration or cover sheet stating the reason for the re-record and Email or other documentation from xxx confirming they will re-execute/re-record.  - Due Diligence Vendor-07/27/2026
Ready for Review-Document Uploaded.  - Buyer-07/24/2026
Open-Property Address reflected on DOT & All Riders are missing the word "xxx" per documentation in the loan file (tax cert & Title)  - Due Diligence Vendor-07/16/2026
  Resolved-LOI is present.  - Due Diligence Vendor-07/28/2026

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 25.53% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 10.00 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 39.1 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months
  xxx ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other N/A N/A xxx
2198249     D A A A D A A A Closed XXXX 2026-07-16 10:33 2026-07-24 08:31 Resolved 1 - Information D A Compliance Missing Doc - Closing Package The Note is Incomplete Resolved-The Note is Present - Due Diligence Vendor-07/24/2026
Ready for Review-Document Uploaded.  - Buyer-07/23/2026
Open-The Note is Incomplete Property Address reflected on Note is missing the word "xxx" per documentation in the loan file (tax cert & Title)  - Due Diligence Vendor-07/16/2026
  Resolved-The Note is Present - Due Diligence Vendor-07/24/2026

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 25.53% Is Below The Guideline Maximum Of 70% By Ten Percent (10%) Or More
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 10.00 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 39.1 Are Greater Than The Guideline Minimum Of 2 By Six (6) Or More Months
  xxx ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other N/A N/A xxx
2189614     A A A A A A A A   XXXX         A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Refinance Cash Out - Other      
2194054     A A A A A A A A   XXXX         A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other      
2189613     A A A A A A A A   XXXX         A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA      
2194162     B B B B A A A A Closed XXXX 2026-07-21 06:45 2026-07-22 11:36 Waived 2 - Non-Material B B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Audited Loan Amount of xxx is less than the Guideline Minimum Loan Amount of xxx Loan amount under $xxx  - Due Diligence Vendor-07/21/2026   Waived-Audited Loan Amount of xxx is less than the Guideline Minimum Loan Amount of xxx Loan amount under $xxx  - Due Diligence Vendor-07/21/2026
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 104.34 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 7.42 Years
Qualifying FICO is Greater Than The Guideline Minimum By Twenty
Borrower At Current Residence For Five
Months Reserves Are Greater Than The Guideline Minimum By Six
  ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other Originator Pre-Close Yes xxx
2194160     D A D A A A A A Closed XXXX 2026-07-22 03:47 2026-07-28 09:43 Resolved 1 - Information D A Credit Missing Doc - Credit Third Party Fraud Report Partially Provided Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-07/28/2026

Ready for Review-Document Uploaded.  - Seller-07/27/2026

Open-Third Party Fraud Report Partially Provided - Due Diligence Vendor-07/22/2026
Ready for Review-Document Uploaded.  - Seller-07/27/2026

Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-07/28/2026

Original LTV Is Below The Guideline Maximum By Ten Percent (10%) Or More - Original LTV Of 60% Is Below The Guideline Maximum Of 75% By Ten Percent (10%) Or More
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 10.00 Years
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 89.82 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
  xxx ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other N/A N/A xxx
2194163     A A A A A A A A   XXXX         A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA      
2196011     A A A A A A A A   XXXX         A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Purchase NA      
2196812     D A D A A A A A Closed XXXX 2026-07-28 08:50 2026-08-04 15:00 Resolved 1 - Information D A Credit Missing Doc - Employment Borrower 1 CPA Letter Missing Resolved-Borrower 1 xxx Letter Resolved - Due Diligence Vendor-08/04/2026
Ready for Review-Document Uploaded. See the corrected Income worksheet, xxx letter showing 40% and the new 1008 with the adjusted income. - Seller-08/03/2026
Counter-The xxx letter does not address what the Expense Factor is.  - Due Diligence Vendor-07/31/2026
Ready for Review-Document Uploaded.  - Seller-07/30/2026
Open-Borrower 1 xxx Letter Missing However, the xxx Letter does not provide any information regarding the Expense Ratio. The lender indicated that, according to the xxx, the Expense Ratio was considered to be 40%. Please review and provide supporting documentation or clarification for the Expense Ratio determination. - Due Diligence Vendor-07/28/2026
Ready for Review-Document Uploaded. See the corrected Income worksheet, xxx letter showing 40% and the new 1008 with the adjusted income. - Seller-08/03/2026
 Ready for Review-Document Uploaded.  - Seller-07/30/2026
Resolved-Borrower 1 xxx Letter Resolved - Due Diligence Vendor-08/04/2026
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 5.85 Years
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 24.87 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 33.51% Is Less Than The Guideline Maximum Of 45% By Five Percent (5%) Or More
  xxx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA N/A N/A xxx
2194164     A A A A A A A A   XXXX         A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA      
2196813     C A C A A A A A Closed XXXX 2026-07-29 08:50 2026-08-05 12:24 Resolved 1 - Information C A Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Resolved-Updated balance - Due Diligence Vendor-08/05/2026
Ready for Review-Document Uploaded. attached corrected 1008 showing the assets $xxx - Seller-08/04/2026
Counter-CTC xxx - verified Assets total $xxx vs Lenders 1008 xxx - Reserves are short by -$xxx.  - Due Diligence Vendor-08/04/2026
Ready for Review-Document Uploaded. See the attached B of A Stmt showing $xxx balance.

xxx
Open-Required reserves $xxx- insufficient assets to cover reserves - Due Diligence Vendor-07/31/2026
Open-Audited Reserves of  are less than Guideline Required Reserves of 6 - Due Diligence Vendor-07/29/2026
Ready for Review-Document Uploaded. attached corrected 1008 showing the assets $ xxx - Seller-08/04/2026
 Ready for Review-Document Uploaded. See the attached B of A Stmt showing xxx balance.

xxx - Seller-08/03/2026
Resolved-Updated balance - Due Diligence Vendor-08/05/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.06
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 21.25 Years
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 21.00 Years
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 8.00 Years
  xxx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA N/A N/A xxx
2196813     C A C A A A A A Closed XXXX 2026-07-29 11:20 2026-08-05 12:24 Resolved 1 - Information C A Credit Assets Insufficient Total Liquid Assets Available for Close Resolved-Total Liquid Assets Available for Close Resolved - Due Diligence Vendor-08/04/2026
Ready for Review-Document Uploaded. See the attached B of A Stmt showing $xxx balance.

xxx
Open-Total Liquid Assets Available for Close of $xxx is less than Total Cash to Close $xxx. Total Liquid Assets Available for Close of $xxx is less than Total Cash to Close $xxx. - Due Diligence Vendor-07/29/2026
Ready for Review-Document Uploaded. See the attached B of A Stmt showing $xxx balance.

xxx - Seller-08/03/2026
Resolved-Total Liquid Assets Available for Close Resolved - Due Diligence Vendor-08/04/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.06
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 21.25 Years
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 21.00 Years
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 8.00 Years
  xxx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA N/A N/A xxx
2196813     C A C A A A A A Closed XXXX 2026-07-29 08:16 2026-08-04 11:28 Resolved 1 - Information C A Credit Insurance Inadequate Hazard Insurance Coverage - Amount of coverage is less than primary lien amount and the Replacement Cost Value Estimator was not Provided by the Insurer Resolved-Sufficent Hazard Insurance Coverage is provided - Due Diligence Vendor-08/04/2026
Ready for Review-Document Uploaded.  - Seller-08/03/2026
Open-Inadequate Hazard Insurance Coverage and Replacement Cost Estimator was not Provided  - Hazard Insurance Coverage in the amount of $xxx is less than the minimum required coverage amount of $xxx - Due Diligence Vendor-07/29/2026
Ready for Review-Document Uploaded.  - Seller-08/03/2026

Resolved-Sufficent Hazard Insurance Coverage is provided - Due Diligence Vendor-08/04/2026

Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.06
Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - Borrower 1 Has Stable Job Time Of Five (5) Or More Years At Current Job - 21.25 Years
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 700 By Twenty (20) or More Points
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 21.00 Years
Borrower At Current Residence For Five (5) Or More Years - Borrower At Current Residence For Five (5) Or More Years - 8.00 Years
  xxx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA N/A N/A xxx
2198250     C B C B A A A A Closed XXXX 2026-07-29 07:29 2026-07-31 12:41 Waived 2 - Non-Material C B Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Lender exception for loan amount < $xxx - Due Diligence Vendor-07/31/2026
Ready for Review-Document Uploaded.  - Due Diligence Vendor-07/31/2026
Counter-Document Uploaded. xxx states Min Loan amount is $xxx  - Due Diligence Vendor-07/30/2026
Ready for Review-Document Uploaded.  - Buyer-07/30/2026
Open-Audited Loan Amount of xxx is less than the Guideline Minimum Loan Amount of xxx - Due Diligence Vendor-07/29/2026
  Waived-Lender exception for loan amount < $xxx - Due Diligence Vendor-07/31/2026
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 35.03% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 20.42 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.0
Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 720 By Twenty (20) or More Points
Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - Borrower 1 Has Stable Time In Profession By Ten (10) Years Or More - 22.75 Years
More than 6 months reserves
FICO xxx
No lates on credit report
Lot DTI
xxx ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Purchase NA Originator Post-Close Yes xxx
2198254     A A A A A A A A   XXXX         A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other      
2198253     C A A A A A C A Closed XXXX 2026-07-29 14:59 2026-08-05 10:06 Resolved 1 - Information C A Property Third Party Valuation Valuation review product does not support the original appraisal within -10.0% Resolved-CDA within 5.86% of value used to determine LTV which is lower than initial appraisal value.  - Due Diligence Vendor-08/05/2026
Ready for Review-We had a recert of value added to the file due to providing the appraiser better comps.  The CDA was before the recert of value.  The recert of value came in higher than the value we are actually using.  The value we are using is xxx due to the borrower having this listed for sale within the last 6 months for this price.

 



 



 
 - Buyer-08/04/2026
Open-The desk review provided does not support the original appraised value and is greater than the -10.0% tolerance (-10.11%). Provide a valuation review product that supports the primary appraised value.  - Due Diligence Vendor-07/29/2026
  Resolved-CDA within 5.86% of value used to determine LTV which is lower than initial appraisal value.  - Due Diligence Vendor-08/05/2026

Qualifying FICO is Greater Than The Guideline Minimum By Twenty (20) or More Points - Qualifying FICO Of xxx is Greater Than The Guideline Minimum Of 660 By Twenty (20) or More Points
Calculated DTI Is Less Than The Guideline Maximum By Five Percent (5%) Or More - Calculated DTI Of 42.12% Is Less Than The Guideline Maximum Of 50% By Five Percent (5%) Or More
Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - Months Reserves Of 13.93 Are Greater Than The Guideline Minimum Of 3 By Six (6) Or More Months
Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Low Credit Usage Ratio Of Twenty-Five Percent (25%) Or Less - Credit Line Usage Ratio equals 0.17
    ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance No Cash Out - Borrower Initiated N/A N/A xxx
2194161     A A A A A A A A   XXXX         A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA      
2196820     D A D A C A A A Closed XXXX 2026-08-04 13:11 2026-08-06 10:40 Resolved 1 - Information C A Credit Eligibility Audited LTV Exceeds Guideline LTV Resolved-Audited LTV of 90% is less than or equal to Guideline LTV of 90% - Due Diligence Vendor-08/06/2026

Ready for Review-Document Uploaded. See attached Matrix showing we can go to 90% LTV. - Seller-08/05/2026

Open-Audited LTV of 90% exceeds Guideline LTV of 80% - Due Diligence Vendor-08/04/2026
Ready for Review-Document Uploaded. See attached Matrix showing we can go to 90% LTV. - Seller-08/05/2026

Resolved-Audited LTV of 90% is less than or equal to Guideline LTV of 90% - Due Diligence Vendor-08/06/2026

    xxx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA N/A N/A xxx
2196820     D A D A C A A A Closed XXXX 2026-07-30 18:47 2026-08-05 13:30 Resolved 1 - Information C A Compliance TRID TRID: Missing Closing Disclosure Resolved-Complete FCD received, thank you - Due Diligence Vendor-08/05/2026

Ready for Review-Document Uploaded.  - Seller-08/04/2026

Open-****** Final Closing Disclosure, Page 4, Loan Disclosures LOAN DISCLOSURES section, is incomplete.
  - Due Diligence Vendor-07/30/2026
Ready for Review-Document Uploaded.  - Seller-08/04/2026

Resolved-Complete FCD received, thank you - Due Diligence Vendor-08/05/2026

    xxx Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA N/A N/A xxx
2196815     A A A A A A A A   XXXX         A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other      
2196814     D A D A A A A A Closed XXXX 2026-08-03 02:36 2026-08-05 13:10 Resolved 1 - Information D A Credit Missing Doc - Credit Third Party Fraud Report Partially Provided Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-08/05/2026

Resolved- - Due Diligence Vendor-08/05/2026

Ready for Review-Document Uploaded.  - Seller-08/04/2026

Open-Third Party Fraud Report Partially Provided The Third-Party Fraud Report was only partially provided. Please provide the complete report. - Due Diligence Vendor-08/03/2026
Ready for Review-Document Uploaded.  - Seller-08/04/2026

Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-08/05/2026

Months Reserves Are Greater Than The Guideline Minimum By Six (6) Or More Months - VALIDATED Months Reserves Of 108.56 Are Greater Than The Guideline Minimum Of 6 By Six (6) Or More Months   xxx ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other N/A N/A xxx
2196821     A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other      
2198247     A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Purchase NA      
2198252     A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance No Cash Out - Borrower Initiated      
2196817     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA      
2196818     A A A A A A A A             A A                   Non-QM: Lender documented all ATR UW factors Non-QM: Lender documented all ATR UW factors xxx xxx Primary Residence Purchase NA      
2196816     A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Purchase NA      
2198251     A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Purchase NA      
2198248     A A A A A A A A             A A                   ATR/QM: Not Applicable ATR/QM: Not Applicable xxx xxx Investment Refinance Cash Out - Other