Exhibit 99.01 Schedule 2

 

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
XXXXX 131386773     XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.           Reviewer Comment (2022-08-03): Received, Clearing.
08/03/2022     No 1 C A C A C A C A C A   CA Primary Purchase   A A     A A         No
XXXXX 4000002391 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: XXXX Fee Tolerance exceeded. Total amount of XXXX exceeds tolerance of XXXX plus XXXX or XXXX.  Insufficient or no cure was provided to the borrower. No valid change in circumstance.       Reviewer Comment (2022-03-04): XXXX received corrected CD and settlement statement.


Seller Comment (2022-03-03): certified copy of final closing statement


Reviewer Comment (2022-03-03): XXXX received final settlement statement which is not signed/certified by authority also, recording fee charged at closing is XXXX but on PCCD it was disclosed as XXXX. Please provide correct documents with true and certified copy of final SS.


Seller Comment (2022-03-02): escrow final closing statement


Reviewer Comment (2022-03-02): XXXX received PCCD datedXXXX in which the Recording Fee has been decreased fromXXXXto XXXX. However as per the True and Certified Final Settlement Statement we see that the Recording Fee charged to the borrower is different. We require additional document confirming that the Recording Fee charged to the borrower was XXXX or cure required along with cure documents.


Seller Comment (2022-03-01): Post CD
03/04/2022     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
XXXXX 4000003336 XXXXX   XXXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy effective date is after the funds disbursed.           Reviewer Comment (2022-05-13): Received, Clearing.


Seller Comment (2022-05-13): XXXX
05/13/2022     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
XXXXX 4000003925 XXXXX   XXXXX     Credit Credit Credit Documentation Credit No evidence of fraud report in file -         Reviewer Comment (2022-06-07): Received, Clearing.


Seller Comment (2022-06-07): XXXX attached
06/07/2022     No 1 C A C A C A C A C A   CO Investment Refinance - Cash-out - Other   D A C A     D A   N/A No
XXXXX 4000003925 XXXXX   XXXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2022-06-27): Received, Clearing.


Seller Comment (2022-06-27): Secondary evaluation attached


Reviewer Comment (2022-06-23): XXXX is required forXXXX which is part of theXXXX.


Seller Comment (2022-06-23): Please see comments from XXXX Appraisal XXXX team in which a CDA is not needed
06/27/2022     No 1 D A D A D A D A D A   CO Investment Refinance - Cash-out - Other   D A C A     D A   N/A No
XXXXX 4000003925 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.           Reviewer Comment (2022-06-23): Received, Clearing.


Seller Comment (2022-06-23): attached and uploaded in XXXX revised loan docs with increased coverage of XXXX.  Current XXXX  to be renewed in XXXX so we are providing the future policy as well.
06/23/2022     No 1 C A C A C A C A C A   CO Investment Refinance - Cash-out - Other   D A C A     D A   N/A No
XXXXX 4000003788 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003   Missing XXXX       Reviewer Comment (2022-06-08): Received, Clearing.


Seller Comment (2022-06-08): Please see attachment
06/08/2022     No 1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
XXXXX 4000003788 XXXXX   XXXXX     Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Final Loan Application) XXXX  Constitution Section XXXX(a)(XXXX): No evidence the  XXXX (s) received a copy of the  XXXX  loan application at or  XXXX         Reviewer Comment (2022-06-08): Received, Clearing.
06/08/2022     No 1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C A C A C A A A Non QM Non QM Yes
XXXXX 4000003788 XXXXX   XXXXX     Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Itemization of Points and Fees Not Provided At Least 1 Business Day Prior to Closing - No Waiver) XXXX XXXX: Final itemized disclosure of XXXX not provided to borrower at least XXXX prior to closing without a XXXX.         Reviewer Comment (2022-06-08): Received, Clearing.


Seller Comment (2022-06-08): Please see attachment
06/08/2022     No 1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C A C A C A A A Non QM Non QM Yes
XXXXX 6000080192 XXXXX   XXXXX     Compliance Compliance Federal Compliance Missing, Incorrect, or Incomplete HUD-1 Missing Final HUD-1:  Title Co. Closing Statement Used For Fee Testing Non Material   XXXX was not provided, XXXX was used.       Buyer Comment (2022-05-11): waived
    05/11/2022 No 2 B B B B B B B B B B   CA Investment Purchase   B B A A B B A A Non QM N/A No
XXXXX 6000080192 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Investment Property submitted as Non-QM / Exempt from ATR Ability to Repay XXXX :  XXXX  Loan Designation.  XXXX  property not  XXXX  to Ability to Repay requirements. Tested asXXXX per XXXX       Buyer Comment (2022-05-11): waived
    05/11/2022 No 2 B B B B B B B B B B   CA Investment Purchase   B B A A B B A A Non QM N/A No
XXXXX 6000079682 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided           Reviewer Comment (2022-05-16): Received Fraud Report , Exception cleared.


Buyer Comment (2022-05-14): The   XXXX  is attached for your review.


Reviewer Comment (2022-05-13): We required with  XXXX not  XXXX,  XXXX.


Buyer Comment (2022-05-12): XXXX is attached for your review.
05/16/2022     No 1 C A C A C A C A C A   TX Investment Purchase   C B C A C B B A Non QM N/A No
XXXXX 6000079682 XXXXX   XXXXX     Compliance Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete HUD-1 (Doc Error) HUD Error:  Loan amount on page 3 of the  final HUD was not provided.   A correct, complete copy of the XXXX was not included in the loan file XXXX the XXXX       Reviewer Comment (2022-05-12): Cleared


Buyer Comment (2022-05-11): Please see the XXXX for your review.
05/12/2022     No 1 B A B A B A B A B A   TX Investment Purchase   C B C A C B B A Non QM N/A No
XXXXX 6000079682 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 calendar days of the Note. -         Reviewer Comment (2022-05-27): XXXX provided.  XXXX cleared


Buyer Comment (2022-05-25): Please refer to the XXXX for XXXX. The must preform an document a XXXX. For Borrowers who are not XXXX no more thanXXXX of the XXXX. Alternatively, XXXX may obtain the XXXX XXXX after closing up to the XXXX If the XXXX cannot be obtained XXXX . The XXXX attached should be XXXX.


Reviewer Comment (2022-05-13): Per the XXXX and XXXX in file, the borrower XXXX is qualifying using their income from XXXX XXXX, and there was no Verification of Employment performed for this.  Also the borrower's prior Income also needs a VOE, as they have not been with their XXXX for a full XXXX. Exception remains


Buyer Comment (2022-05-12): The Borrower was not qualified on employment income but on rental income and that is why no VVOE's were completed.
05/27/2022     No 1 C A C A C A C A C A   TX Investment Purchase   C B C A C B B A Non QM N/A No
XXXXX 6000079682 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 calendar days of the Note. -         Reviewer Comment (2022-05-27): XXXX provided.  XXXX cleared


Buyer Comment (2022-05-25): Please refer to the XXXX for XXXX. The must preform an document a XXXX. For Borrowers who are not XXXX no more thanXXXX of the XXXX. Alternatively, XXXX may obtain the XXXX XXXX after closing up to the XXXX If the XXXX cannot be obtained XXXX . The XXXX attached should be XXXX.


Reviewer Comment (2022-05-13): Per the XXXX and XXXX in file, the borrower XXXX is qualifying using their income from XXXX, and there was no Verification of Employment performed for this.  Also both of  the borrower's prior Incomes also needs a VOE, as they have not been with their current job for a full XXXX, and theXXXX prior Employers have not provided a verification of the Start and End dates for employment. Exception remains


Buyer Comment (2022-05-12): The Borrower was qualified on XXXX, XXXX not apply.
05/27/2022     No 1 C A C A C A C A C A   TX Investment Purchase   C B C A C B B A Non QM N/A No
XXXXX 6000079682 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation XXXX  Valuations Rule  XXXX :  XXXX  did not provide a copy of each valuation to XXXX  business days prior to  XXXX .         Reviewer Comment (2022-05-13): Received required documentation. Cleared.


Buyer Comment (2022-05-12): Attached please find the snapshot of the confirmation of the Appraisal Report sent to the Borrower on XXXX and the Appraisal Confirmation Disclosure for your review.


Buyer Comment (2022-05-12): Attached please find the   XXXX   of the confirmation of the Appraisal Report sent to the Borrower on  XXXX  and the Appraisal  XXXX  Disclosure for your review.
05/13/2022     No 1 B A B A B A B A B A   TX Investment Purchase   C B C A C B B A Non QM N/A No
XXXXX 6000079682 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely ECOA Valuations Rule (XXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within XXXX business days of application or determination of fXXXX status.         Reviewer Comment (2022-05-27): Cleared


Buyer Comment (2022-05-27): I am uploading the complete iXXXX and the XXXX.


Buyer Comment (2022-05-27): I am uploading the complete initial  XXXX package sent to the  XXXX on XXXX and the  XXXX  XXXX Details.


Reviewer Comment (2022-05-26): This exception is for the XXXX. Document provided is appraisal confirmation.


Buyer Comment (2022-05-25): Attached please find the Appraisal Confirmation Disclosure signed by the Borrowers for your review.


Reviewer Comment (2022-05-13): This disclosure is required for All loan types. Exception remains.


Buyer Comment (2022-05-12): This is a  XXXX  XXXX and initial  XXXX do not apply.
05/27/2022     No 1 B A B A B A B A B A   TX Investment Purchase   C B C A C B B A Non QM N/A No
XXXXX 6000079682 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - W-2 Ability to Repay (XXXX): Unable to verify current Wages/W-XXXX employment status using reasonably reliable third-party records. Missing VVOE or Third Party Verification of employment for both borrowers for all current and prior employment records as required by lender guides.       Reviewer Comment (2022-05-27): Cleared


Buyer Comment (2022-05-25): Please refer to the XXXX Guidelines for program  XXXX . The must  XXXX  an document a  XXXX   for each   XXXX  .  For  XXXX  who are not XXXX  no more than   XXXX   days of the Note date. Alternatively,   XXXX   may obtain the verbal   XXXX   after closing up to the time of loan delivery. If the verbal VOE cannot be obtained prior to delivery. The   XXXX   attached should be sufficient.


Reviewer Comment (2022-05-13): Per the  XXXX and  XXXX in file, the  XXXX  XXXX is qualifying using their income from XXXX, and there was no  XXXX of  XXXX for this.  Also both of  the  XXXX  XXXX also needs a  XXXX, as they have not been with their current  XXXX for a full  XXXX years, and the  XXXX prior  XXXX have not provided a  XXXX of the Start and End dates for  XXXX. XXXX


Buyer Comment (2022-05-12): It appears the Borrowers were qualified on XXXX only and that is why no XXXX were completed. Please clarify.
05/27/2022     No 1 C A C A C A C A C A   TX Investment Purchase   C B C A C B B A Non QM N/A No
XXXXX 6000079682 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - W-2 [REDACTED): Unable to verify XXXX using reasonably reliable XXXX. Missing XXXX or XXXX for XXXX for all XXXX and XXXX as required XXXX       Reviewer Comment (2022-05-27): Cleared


Buyer Comment (2022-05-25): Please refer to the XXXX Guidelines for program XXXX. The must preform an document a verbal verification of employment for each Borrower.  For Borrowers who are not self-employed no more thanXXXX days of the Note date. Alternatively, lenders may obtain the verbal VOE after closing up to the time of loan delivery. If the verbal VOE cannot be obtained prior to delivery. The VVOE's attached should be sufficient.


Reviewer Comment (2022-05-13): Per the  XXXX and  XXXX in file, the  XXXX  XXXX is qualifying using their income from  XXXX, and there was no  XXXX of  XXXX for this.  Also the XXXX also needs a  XXXX, as they have not been with their current  XXXX for a full  XXXX years. XXXX


Buyer Comment (2022-05-12): This is a XXXX loan and the Borrower was qualified with XXXX.
05/27/2022     No 1 C A C A C A C A C A   TX Investment Purchase   C B C A C B B A Non QM N/A No
XXXXX 6000079682 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Investment Property submitted as Non-QM / Exempt from ATR XXXX  Valuations Rule  XXXX :  XXXX  did not provide a copy of each valuation to XXXX  business days prior to  XXXX . Missing XXXX or XXXX Verification of employment for both XXXX.       Reviewer Comment (2022-05-27): Waived.


Buyer Comment (2022-05-27): Please clear.


Buyer Comment (2022-05-25): Please refer to the XXXX Guidelines forXXXX. The must preform an document a XXXX of XXXX. For Borrowers who are not XXXX no more than XXXX. Alternatively, XXXX may obtain the XXXX after closing up to the time of loan delivery. If the XXXX cannot be obtained prior to delivery. The XXXX attached should be XXXX
    05/27/2022 No 2 B B B B B B B B B B   TX Investment Purchase   C B C A C B B A Non QM N/A No
XXXXX 6000079682 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR XXXX: General XXXX not XXXX. Missing XXXX or XXXX       Reviewer Comment (2022-05-27): Cleared
05/27/2022     No 1 A A A A A A A A A A   TX Investment Purchase   C B C A C B B A Non QM N/A No
XXXXX 6000079682 XXXXX   XXXXX     Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender -         Reviewer Comment (2022-05-12): Cleared


Buyer Comment (2022-05-11): The XXXX of the XXXX
05/12/2022     No 1 B A B A B A B A B A   TX Investment Purchase   C B C A C B B A Non QM N/A No
XXXXX 6000079682 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. -         Reviewer Comment (2022-05-25): Received HOA Verification, doc associated & system updated. Exception Cleared


Buyer Comment (2022-05-23): Email from the   XXXX   confirming   XXXX  fees on  XXXX
05/25/2022     No 1 C A C A C A C A C A   TX Investment Purchase   C B C A C B B A Non QM N/A No
XXXXX 4000006017 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Non Escrowed Property Costs Year 1 Test TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year XXXX of XXXXon Final Closing Disclosure provided on XXXX not accurate.         Reviewer Comment (2022-09-13): Accepted as is.
      No 2 B B B B B B B B B B   FL Primary Purchase Letter of Explanation & Corrected Closing Disclosure B B A A B B A A Non QM Non QM Yes
XXXXX 4000006017 XXXXX   XXXXX     Compliance Compliance Federal Compliance Missing Disclosure Notice of Special Flood Hazard Disclosure Not Provided Timely FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing.       Reviewer Comment (2022-09-12): Received, Clearing.


Buyer Comment (2022-09-12): Comment from XXXX (XXXX): Flood cert was signed XXXX Docs were drawn XXXX.  XXXX days prior is the rule.  Please advise if we are mistaken.
09/12/2022     No 1 B A B A B A B A B A   FL Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000009120 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank XXXX): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Appraisal receipt dated XXXX however the appraisal signature date is XXXX, provide evidence all copies of appraisal were received by Borrower       Reviewer Comment (2023-02-02): Accepted as is
      No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
XXXXX 4000010350 XXXXX   XXXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of XXXX% or Final Disclosure APR of XXXX% is equal to or greater than the threshold of APOR XXXX% + XXXX%, or XXXX%.  Non-Compliant Higher Priced Mortgage Loan. APR on subject loan of XXXX% or Final Disclosure APR of XXXX% is equal to or greater than the threshold of APOR XXXX% + XXXX%, or XXXX%.       Reviewer Comment (2023-02-27): Received evidence borrower downloaded appraisal on XXXX
02/27/2023     No 1 C A C A C A C A C A   FL Primary Purchase   C A A A C A A A Non QM Non QM No
XXXXX 4000010350 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (XXXX) business days prior to consummation. The borrower did not sign acknowledgement at closing stating they received a copy of the appraisal.       Reviewer Comment (2023-02-27): Received evidence borrower downloaded appraisal onXXXX


Seller Comment (2023-02-27): Comment from XXXX (XXXX.): Appraisal delivery confirmation
02/27/2023     No 1 B A B A B A B A B A   FL Primary Purchase   C A A A C A A A Non QM Non QM No
XXXXX 4000010350 XXXXX   XXXXX     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 (XXXX) business days prior to consummation. The borrower did not sign acknowledgement at closing stating they received a copy of the appraisal.       Reviewer Comment (2023-02-27): Received evidence borrower downloaded appraisal on XXXX


Seller Comment (2023-02-27): Comment from XXXX (XXXX.): Appraisal delivery confirmation
02/27/2023     No 1 C A C A C A C A C A   FL Primary Purchase   C A A A C A A A Non QM Non QM No
XXXXX 4000010350 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $XXXXexceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. File does not contain a valid COC for this fee, cure provided at closing in the amount of $XXXX.       Reviewer Comment (2023-02-24): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   FL Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
XXXXX 4000010827 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Missing evidence of new XXXX payment       Reviewer Comment (2023-03-15): Received. Clearing.


Seller Comment (2023-03-14): Comment from XXXX XXXX: See recent CD w/XXXX
03/15/2023     No 1 C A C A C A C A C A   GA Investment Purchase   C A C A A A A A N/A N/A No
XXXXX 4000010827 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Per guidelines, for Private party landlords a VOR (or a copy of the current lease) will be required ALONG with XXXX months cancelled
checks. A VOR without cancelled checks is allowed for properties managed by a Professional Management Company. Lender
must be able to verify the existence of the Professional Management Company online. A VOM along with proof of monthly
housing payments made over the last XXXX months is required when the borrower is making mortgage payments to a non-institutional lender or private party not appearing on credit.
      Reviewer Comment (2023-03-21): Received verification of rent and bank statements


Seller Comment (2023-03-21): Comment from XXXX XXXX: VOR and payments from x XXXX


Reviewer Comment (2023-03-15): Would need a rent free letter signed by both the borrower and landlord/friend to reflect as such and need timeframe for this agreement in the letter.


Seller Comment (2023-03-14): Comment from XXXX XXXX): UW Cert attached
03/21/2023     No 1 C A C A C A C A C A   GA Investment Purchase   C A C A A A A A N/A N/A No
XXXXX 4000011503 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Non-Owner Occupancy Declaration not provided           Reviewer Comment (2023-04-27): Received, clearing


Seller Comment (2023-04-27): Comment from XXXX XXXX): Biz Purpose disclosure covers non-owner
04/27/2023     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000011503 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard coverage of $XXXX is sufficient to cover the mortgage amount of $XXXX however is insufficient to cover XXXX% of the appraised value ($XXXX).  Please provide a letter from the Insurer stating the maximum insurable amount and/or a replacement costs estimator from the insurer.       Reviewer Comment (2023-04-27): Acceptable per guidelines to cover the loan amount


Buyer Comment (2023-04-27): Comment from XXXX  XXXX): XXXX purchases based on XXXX guides.  The HOI calc you are using is not applicable.  Loan was locked XXXX so XXXX guide would apply.  See page XXXX for below: 

Hazard insurance coverage should be in the amount of the lesser of:
- The unpaid principal balance of the mortgage or
- XXXX% Replacement Cost Coverage as stated on the policy declaration page.
04/27/2023     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000086035 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2025-08-06): Clearing based on review coming back within tolerances.
08/06/2025     No 1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000088010 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   File did not contain an estimated cost to replace from insurer.  Calculations are based on XXXX% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods.  Coverage is insufficient by $XXXX.       Reviewer Comment (2025-09-15): Received, Clearing.


Seller Comment (2025-09-15): Comment from XXXX (XXXX): The policy states XXXX% replacement cost value is included. Not sure why you are referencing rental coverage


Reviewer Comment (2025-09-12): This exception is for a shortage of coverage, not a lack of rent loss.


Seller Comment (2025-09-12): Comment from XXXX (XXXX): rent loss
09/15/2025     No 1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
XXXXX 4000088010 XXXXX   XXXXX     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   Rent loss insurance for the subject property is required and must equal at least six (6) months of local average
monthly rents
      Reviewer Comment (2025-09-12): Cleared.
09/12/2025     No 1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
XXXXX 4000090180 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided   Cash-Out Utilization is missing in file.       Reviewer Comment (2025-10-01): Received, cleared


Reviewer Comment (2025-09-29): Cash-Out Utilization not provided. Exception Remains.


Seller Comment (2025-09-29): Comment from XXXX (XXXX): attached
10/01/2025     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000090180 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   Business Purpose Certificate is missing in file.       Reviewer Comment (2025-10-01): Received, cleared


Seller Comment (2025-10-01): Comment from XXXX (XXXX): attached - see highlighted


Reviewer Comment (2025-09-29): Business Purpose Certificate not provided. Exception Remains.


Seller Comment (2025-09-29): Comment from XXXX (XXXX): attached
10/01/2025     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000090180 XXXXX   XXXXX     Credit Credit Credit Documentation Credit Missing Document: Occupancy Certificate not provided   Occupancy Certificate is missing in file.       Reviewer Comment (2025-09-29): Received Occupancy Certificate. Exception cleared.


Seller Comment (2025-09-29): Comment from XXXX (XXXX): attached
09/29/2025     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000090180 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard coverage of $XXXX is sufficient to cover the mortgage amount of $XXXX however, insufficient to cover the estimated cost new is $XXXX.  Please provide a letter from the Insurer stating the maximum insurable amount and/or a replacement costs estimator from the insurer. Coverage Shortfall is $XXXX       Reviewer Comment (2025-10-31): Updated sufficient HOI Policy provided. Cleared.


Seller Comment (2025-10-31): Comment from XXXX (XXXX): HOI
10/31/2025     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000090166 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   The file was missing a copy of Business Purpose Certificate       Reviewer Comment (2025-10-01): Provided. Cleared.


Seller Comment (2025-10-01): Comment from XXXX (XXXX): attached


Reviewer Comment (2025-09-29): Business Purpose Certificate not provided. Exception Remains.


Seller Comment (2025-09-29): Comment from XXXX (XXXX): attached
10/01/2025     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000090166 XXXXX   XXXXX     Credit Credit Credit Documentation Credit Missing Document: Occupancy Certificate not provided   The file was missing a copy of Occupancy Certificate       Reviewer Comment (2025-10-01): Provided. Cleared.


Seller Comment (2025-10-01): Comment from XXXX (XXXX): this same document was used to clear the other borrowers loan that is with you.  XXXX  please review again and have this condition cleared.


Reviewer Comment (2025-09-29): Occupancy Certificate not provided. Exception Remains.


Seller Comment (2025-09-29): Comment from XXXX (XXXX): attached
10/01/2025     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000090166 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Cash-Out Utilization not provided   The file was missing a copy of Cash-Out Utilization/business Purpose certificate       Reviewer Comment (2025-10-01): Provided. Cleared.


Reviewer Comment (2025-09-29): Cash-Out Utilization not provided. Exception Remains.


Seller Comment (2025-09-29): Comment from XXXX (XXXX): attached
10/01/2025     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000094663 XXXXX   XXXXX     Credit Credit Credit Documentation Credit Missing Document: Occupancy Certificate not provided   The file is missing a copy of the Occupancy Certificate       Reviewer Comment (2025-10-21): Received Occupancy Certificate. Exception cleared.


Seller Comment (2025-10-21): Comment from XXXX (XXXX): occ cert attached
10/21/2025     No 1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
XXXXX 4000094663 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: HUD/CD not provided   The file was missing a copy of HUD/CD       Reviewer Comment (2025-10-21): Received, Clearing.


Seller Comment (2025-10-21): Comment from XXXX (XXXX): attached
10/21/2025     No 1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
XXXXX 4000093316 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   First Time Investor not permitted on STR property. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $XXXX.
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SitusAMC
Reviewer Comment (2025-10-09): Client elected to waive/regrade with compensating factors. Lender exception provided.
    10/09/2025 Yes 2 B B B B B B B B B B   NC Investment Purchase   B B B B     A A   N/A No
XXXXX 2000000171     XXXXX     Credit Credit Credit Documentation Credit No evidence of fraud report in file - No evidence of fraud report in file.       Reviewer Comment (2025-10-30): Received, Clearing.


Buyer Comment (2025-10-30): Fraud Report
10/30/2025     No 1 C A C A C A C A C A   AZ Primary Purchase   C B C B C A A A Non QM Non QM No
XXXXX 2000000171     XXXXX     Credit Credit Credit Documentation Credit No evidence of fraud report in file - No evidence of fraud report in file.       Reviewer Comment (2025-10-30): Received, Clearing.


Buyer Comment (2025-10-30): Fraud Report (both borrowers input)
10/30/2025     No 1 C A C A C A C A C A   AZ Primary Purchase   C B C B C A A A Non QM Non QM No
XXXXX 2000000171     XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Executed sales contract or signed letter of intent from Borrower indicating they intend to list the departure residence for sale within ninety (90) days of closing on subject transaction and departure residence must be documented with a 2055 exterior appraisal or full appraisal is missing. Borrower has been employed in the same industry for more than 5 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2025-11-07): Client exception received.


Buyer Comment (2025-11-07): Exception to exclude departure residence with no appraisal.
    11/07/2025 Yes 2 C B C B C B C B C B   AZ Primary Purchase   C B C B C A A A Non QM Non QM No
XXXXX 2000000171     XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (XXXX 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. 2055 exterior Appraisal or executed sales contract and signed letter of intent from Borrower indicating they intend to list the departure residence for sale within ninety (90) days of closing supporting document not provided for Departure Residency To exclude from DTI calculation.       Reviewer Comment (2025-11-07): Clearing based on exception.
11/07/2025     No 1 B A C A B A C A B A   AZ Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C A A A Non QM Non QM Yes
XXXXX 2000000171     XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines Ability to Repay (XXXX 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XXXX% significantly exceeds the guideline maximum ofXXXX%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) 2055 exterior Appraisal or executed sales contract and signed letter of intent from Borrower indicating they intend to list the departure residence for sale within ninety (90) days of closing supporting document not provided for Departure Residency To exclude from DTI calculation.       Reviewer Comment (2025-11-07): Clearing based on exception.
11/07/2025     No 1 C A C A C A C A C A   AZ Primary Purchase   C B C B C A A A Non QM Non QM No
XXXXX 2000000171     XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient cure was provided to the borrower at Closing.       Reviewer Comment (2025-10-30): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   AZ Primary Purchase Final CD evidences Cure C B C B C A A A Non QM Non QM Yes
XXXXX 2000000171     XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   2055 Exterior Appraisal or executed sales contract and signed letter of intent from Borrower indicating they intend to list the departure residence for sale within ninety (90) days of closing supporting document not provided.       Reviewer Comment (2025-11-07): Clearing based on exception.


Buyer Comment (2025-11-07): Departure rez listed- exception approved no appraisal/loe/listing agreement as property is actively listed.
11/07/2025     No 1 C A C A C A C A C A   AZ Primary Purchase   C B C B C A A A Non QM Non QM No
XXXXX 2000000171     XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Ability to Repay (XXXX 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. Based on the loan failing one or more guideline components, the loan is at ATR risk.       Reviewer Comment (2025-11-07): Clearing based on exception.
11/07/2025     No 1 C A C A C A C A C A   AZ Primary Purchase   C B C B C A A A Non QM Non QM No
XXXXX 4000100872 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: XXXX  Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $XXXX  exceeds tolerance of $XXXX .  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2025-11-11): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   NY Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Exempt from ATR Yes
XXXXX 4000100872 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien TRID Final Closing Disclosure XXXX  on a first lien purchase transaction did not disclose any Seller paid fees/charges on pageXXXX  . Final Closing Disclosure XXXX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page XXXX .       Reviewer Comment (2025-11-18): XXXX  received seller CD and as per contract and confirmation from settlement agent. No seller paid fees.


Seller Comment (2025-11-17): Comment from XXXX XXXX : Please see attached seller CD, per contract of sale, transfer fees were paid by borrower. also please see email from settlement agent confirming.
11/18/2025     No 1 C A C A C A C A C A   NY Primary Purchase Letter of Explanation & Corrected Closing Disclosure C A A A C A A A Non QM Exempt from ATR Yes
XXXXX 4000100872 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2025-11-12): Client elects to waive
    11/12/2025 No 2   A   A   A   A   A   NY Primary Purchase   C A A A C A A A Non QM Exempt from ATR No
XXXXX 4000107473 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank XXXX): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements       Reviewer Comment (2026-01-07): Accepted as is.
    01/07/2026 No 2 B B B B B B B B B B   CA Investment Purchase   C B C A B B A A N/A N/A No
XXXXX 4000107473 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy.           Reviewer Comment (2026-01-08): Sufficient Reserves available. Exception cleared.


Seller Comment (2026-01-07): Comment from XXXX (XXXX): Bank statements- per 1003 section 2 and Bank statements borrower has more than enough funds for the reserves.
01/08/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C A B B A A N/A N/A No
XXXXX 4000109291 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Bylaws not provided   The file was missing a copy of Bylaws       Reviewer Comment (2026-01-20): Received, Clearing.


Seller Comment (2026-01-20): Comment from XXXX (XXXX): Memo
01/20/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000104877 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   The file did not contain an estimated cost to replace from insurer. Calculations are based on XXXX % of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods. Coverage is insufficient by $XXXX       Reviewer Comment (2026-01-23): RCE provided. Cleared.


Seller Comment (2026-01-23): Comment from [XXXX] ([XXXX]): RCE
01/23/2026     No 1 C A C A C A C A C A   VA Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000109118 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (XXXX 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-01-28): Accepted as is.
    01/28/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Safe Harbor QM (APOR) Safe Harbor QM (APOR) No
XXXXX 4000110669 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-01-29): Accepted as is.
    01/29/2026 No 2 A A A A A A A A A A   OR Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 4000110669 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-01-29): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   OR Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Exempt from ATR Yes
XXXXX 4000112115 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-02-16): Cleared based on review coming back within tolerances
02/16/2026     No 1 C A C A C A C A C A   OH Investment Purchase   C A C A     A A   N/A No
XXXXX 4000112115 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insurance address does not match Note address.           Reviewer Comment (2026-02-20): Received, Clearing.


Seller Comment (2026-02-20): Comment from XXXX (XXXX .): corrected insurance
02/20/2026     No 1 C A C A C A C A C A   OH Investment Purchase   C A C A     A A   N/A No
XXXXX 4000114369 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-02-17): Accepted as is.
    02/17/2026 No 2 B B B B B B B B B B   NJ Primary Purchase   C B A A C B A A Non QM Exempt from ATR No
XXXXX 4000114369 XXXXX   XXXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of XXXX% or Final Disclosure APR of XXXX% is equal to or greater than the threshold of APOR XXXX% + XXXX%, or XXXX%.  Non-Compliant Higher Priced Mortgage Loan. APR on subject loan of XXXX% or Final Disclosure APR ofXXXX% is equal to or greater than the threshold of APOR XXXX% + XXXX%, or XXXX%. Non-Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2026-03-16): Received Appraisal delivery confirmation. Exception cleared.
03/16/2026     No 1 C A C A C A C A C A   NJ Primary Purchase   C B A A C B A A Non QM Exempt from ATR No
XXXXX 4000114369 XXXXX   XXXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-03-16): Received Appraisal delivery confirmation. Exception cleared.


Seller Comment (2026-03-16): Comment from XXXX (XXXX): please see attached email from borrower stating they received the appraisal


Reviewer Comment (2026-02-25): EXCEPTION HISTORY - Exception Detail was updated on XXXX PRIOR Exception Detail: TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX)


Reviewer Comment (2026-02-25): Borrower delivery confirmation does not confirm the borrower acknowledged receipt of the appraisal so 3 day rule applies, which makes the date of receipt XXXX and less than 3 days prior to closing date of XXXX


Seller Comment (2026-02-25): Comment from XXXX (XXXX): Please see attached


Reviewer Comment (2026-02-23): Please provided the earlier dated appraisal the was provided XXXX.


Seller Comment (2026-02-23): Comment from XXXX (XXXX): Please see attached confirmation of email of appraisal being sent for XXXX
03/16/2026     No 1 C A C A C A C A C A   NJ Primary Purchase   C B A A C B A A Non QM Exempt from ATR No
XXXXX 4000114369 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule. TILA loan designation remains ATR Exempt.       Reviewer Comment (2026-02-17): Accepted as is.
    02/17/2026 No 2 A A A A A A A A A A   NJ Primary Purchase   C B A A C B A A Non QM Exempt from ATR No
XXXXX 4000116583 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The 1008 indicates an Investor exception was granted for XXXX months seasoning to u se sales net proceeds from primary residence for funds to close.  Provide completed Lender Exception Form. Borrower has verified disposable income of at least $2500.00.

Borrower's monthly mortgage payment has decreased by at least 20%.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.
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SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-03-03): Client exception received.


Seller Comment (2026-03-03): Comment from XXXX (XXXX): see attached
    03/03/2026 Yes 2 C B C B C B C B C B   FL Primary Purchase   C B C B A A A A Non QM Non QM No
XXXXX 4000114695 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-03-17): Clearing based on review coming back within tolerances.
03/17/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000114695 XXXXX   XXXXX     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The preliminary title policy is within XXXXand does not reflect a coverage amount (no final title policy in file)       Reviewer Comment (2026-03-10): Accepted as is.
    03/10/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000114695 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-03-17): Accepted as is.
    03/17/2026 No 2   B   B   B   B   B   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000116626 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX.  $XXXXover legal limit.  Insufficient or no cure was provided to the borrower. No cure was provided to the borrower .       Reviewer Comment (2026-03-17): Amount/Incorrect Data Entry. Upon further review, borrower within tolerance limit.


Seller Comment (2026-03-13): Comment from XXXX (XXXX): LOE- Regarding fees disclosed


Reviewer Comment (2026-03-13): XXXX Changed Circumstance dated XXXX, but it does not give sufficient information on why the recording fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase/added and when lender became aware of the change.  A valid Changed Circumstance or cure is required.  Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.
"


Seller Comment (2026-03-12): Comment from XXXX (XXXX): INITIAL CLOSING DISCLOSURE
03/17/2026     No 1 C A C A C A C A C A   WA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
XXXXX 4000116626 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-03-17): Sufficient Cure Provided At Closing
  XXXXX   No 1   A   A   A   A   A   WA Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
XXXXX 4000116077 XXXXX   XXXXX     Credit Title Document Error Title The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   The Preliminary title policy amount is blank, and the prelim does not state a coverage amount.       Reviewer Comment (2026-03-11): Accepted as is.
    03/11/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   B B B B     A A   N/A No
XXXXX 4000114119 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided     Borrower has been employed in the same industry for more than 5 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-04-13): Client elects to waive based on It technically meets guide language, just not the signature block picture.


Reviewer Comment (2026-03-24): Loan closed in LLCs name.  Guarantor Agreement is required per guides.


Buyer Comment (2026-03-24): Comment from XXXX (XXXX): please waive.  not applicable to XXXX loans.
    04/13/2026 Yes 2 D B D B D B D B D B   GA Investment Purchase   D B D B A A A A N/A N/A No
XXXXX 4000114119 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The Note and Security instrument to be corrected to remove the Non borrowing Member XXXX . Borrowing member XXXX to sign the Note in the Business capacity and individually. Borrower has been employed in the same industry for more than 5 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-04-13): Client elects to waive based on It technically meets guide language, just not the signature block picture.
    04/13/2026 Yes 2 C B C B C B C B C B   GA Investment Purchase   D B D B A A A A N/A N/A No
XXXXX 4000120189 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   The file did not contain an estimated cost to replace from insurer. Calculations are based on XXXX% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods. Coverage is insufficient by $XXXX       Reviewer Comment (2026-04-01): Received Replacement Cost Estimator. Exception cleared.


Seller Comment (2026-04-01): Comment from XXXX (XXXX): updated insurance with RCE


Reviewer Comment (2026-03-23): FNMA isn't based on XXXX% of the loan amount. Its XXXX% of the value of the property. Without an RCE its XXXX% of the appraisal cost new which is $XXXX.


Buyer Comment (2026-03-23): Comment from XXXX (XXXX): The subject loan amount is only $XXXX, as per the guideline, the coverage is 80% of replacement cost or loan amount, which is lower, please check and advise, thanks
04/01/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A     A A   N/A No
XXXXX 4000119983 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided   Need the first page of the 1-4 Family Rider.       Reviewer Comment (2026-03-23): Received 1-4 Family Rider. Exception cleared.


Seller Comment (2026-03-23): Comment from XXXX (XXXX): Hello, please see attached, thank you.
03/23/2026     No 1 C A C A C A C A C A   NV Investment Purchase   C A C A     A A   N/A No
XXXXX 4000118224 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of XXXX exceeds tolerance of XXXX plus XXXX or XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure is provided.       Reviewer Comment (2026-03-30): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   LA Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000121117 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. Title Policy Coverage is less than Original Loan Amount.       Reviewer Comment (2026-03-31): Accepted as is.
    03/31/2026 No 2 B B B B B B B B B B   FL Primary Refinance - Cash-out - Other   B B B B A A A A Non QM Non QM No
XXXXX 4000116073 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-04-06): Clearing based on review coming back within tolerances.
04/06/2026     No 1   A   A   A   A   A   NY Investment Purchase   A A A A     A A   N/A No
XXXXX 4000120982 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-04-09): Clearing based on review coming back within tolerances.


Reviewer Comment (2026-04-09): Buyer ordered review. Nothing to do at this time.


Buyer Comment (2026-04-09): Comment from XXXX (XXXX): Please provide update
04/09/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C B C A B B A A N/A N/A No
XXXXX 4000120982 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.         Reviewer Comment (2026-04-03): Accepted as is.
    04/03/2026 No 2 B B B B B B B B B B   NY Investment Purchase   C B C A B B A A N/A N/A No
XXXXX 4000120870 XXXXX   XXXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-Sign Consent Agreement is missing in file.       Reviewer Comment (2026-04-13): Provided. Cleared.


Seller Comment (2026-04-13): Comment from XXXX (XXXX): e signed consent


Reviewer Comment (2026-04-07): Received Borrower's Authorization. Please provide E-Sign Consent Agreement. Exception remains.


Seller Comment (2026-04-07): Comment from XXXX (XXXX): borrower's authorization form uploaded
04/13/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
XXXXX 4000120870 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-04-20): Clearing based on review coming back within tolerances.
04/20/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
XXXXX 2000000501     XXXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - PUD not provided   Provide all pages of the PUD rider, missing page 3 signature page.       Reviewer Comment (2026-04-10): Received Signed Rider - PUD. Exception cleared.


Buyer Comment (2026-04-10): PUD
04/10/2026     No 1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
XXXXX 2000000501     XXXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided   Provide all pages of the 1-4 family rider, missing signature page.       Reviewer Comment (2026-04-10): Received Signed Rider - 1-4 Family. Exception cleared.


Buyer Comment (2026-04-10): 1-4 rider
04/10/2026     No 1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
XXXXX 4000121898 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-04-16): Enhanced Review order cancelled by the client.
04/16/2026     No 1 C A C A C A C A C A   TN Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 6000114041 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: XXXX Percent Fee Tolerance exceeded. Total amount of XXXX exceeds tolerance of XXXX plus XXXX or XXXX.  XXXX over legal limit.  Insufficient or no cure was provided to the borrower. TX Guaranty Fee. Fee increased from XXXX to XXXX without a valid change of circumstance or cure       Reviewer Comment (2026-02-27): XXXX received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD


Reviewer Comment (2026-02-26): PCCD and LOE were received; however, they both indicate that a refund was also sent to the borrower for the $XXXX XXXX Guaranty Fee.  Please also provide a copy of the refund check and proof of delivery to the borrower of the cure and documents.
  XXXXX   No 2 C B C B C B C B C B   TX Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Exempt from ATR No
XXXXX 6000114041 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-03-02): CDFI lender testing ATR
    03/02/2026 No 2   A   A   A   A   A   TX Second Home Purchase   C B A A C B A A Non QM Exempt from ATR No
XXXXX 4000127378 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-04-29): Accepted as is.
    04/29/2026 No 2 A A A A A A A A A A   WI Primary Purchase   C A C A A A A A Non QM Exempt from ATR No
XXXXX 4000127378 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Donor Check not provided   Donor check is missing for gift funds in the amount of $XXXX.       Reviewer Comment (2026-04-30): Received wire confirmation. Exception cleared.


Seller Comment (2026-04-30): Comment from XXXX (XXXX): please see attached


Reviewer Comment (2026-04-30): Required wire confirmation are donor withdrawal slip to clear the exception. Exception remains.


Buyer Comment (2026-04-30): Comment from XXXX (XXXX): gift funds sent via wire $XXXX - listed on Final CD Section L
04/30/2026     No 1 C A C A C A C A C A   WI Primary Purchase   C A C A A A A A Non QM Exempt from ATR No
XXXXX 4000127378 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - ___         Reviewer Comment (2026-05-22): Received updated 1003


Seller Comment (2026-05-21): Comment from XXXX (XXXX): 1003


Reviewer Comment (2026-05-20): Provide corrected 1003 with borrower signature, Exception remains.


Seller Comment (2026-05-20): Comment from XXXX (XXXX): Updated 1003 with payment amount corrected


Reviewer Comment (2026-05-18): As per statement total amount due is $794.87 which includes tax and insurance. Provide corrected 1003 with PITIA. Exception remains.


Seller Comment (2026-05-18): Comment from XXXX (XXXX): Please see attached updated 1003 - updating the Taxes/Insurance to $XXXX for property at:  XXXX


Reviewer Comment (2026-05-05): Per Final 1003. Taxes and Insurance are escrowed and additional monthly payment of $XXXX is listed and not documented.  Exception remains.


Buyer Comment (2026-05-05): Comment from XXXX (XXXX): Please advise where the additional $XXXX is listed


Reviewer Comment (2026-04-30): Required source document for other payment of $XXXX. Exception remains.


Seller Comment (2026-04-30): Comment from XXXX (XXXX): Please see attached
05/22/2026     No 1 C A C A C A C A C A   WI Primary Purchase   C A C A A A A A Non QM Exempt from ATR No
XXXXX 4000126461 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Title Commitment or Preliminary title policy amount is blank.       Reviewer Comment (2026-04-29): Accepted as is.
    04/29/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   C B C B A A A A N/A N/A No
XXXXX 4000126461 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - ___         Reviewer Comment (2026-04-30): Rental income not being used to qualify


Seller Comment (2026-04-30): Comment from XXXX (XXXX): We are not using rental income from XXXX. Please waive this condition.
04/30/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C B C B A A A A N/A N/A No
XXXXX 4000127913 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-07): Clearing based on review coming back within tolerances.
05/07/2026     No 1   A   A   A   A   A   TX Investment Refinance - Rate/Term   A A A A     A A   N/A No
XXXXX 4000127199 XXXXX   XXXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing.           Reviewer Comment (2026-05-19): Received Hazard Insurance Policy with Effective Date XXXX. Exception cleared.


Seller Comment (2026-05-19): Comment from XXXX (XXXX): ins
05/19/2026     No 1 C A C A C A C A C A   NC Investment Purchase   C A C A     A A   N/A No
XXXXX 4000127331 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-07): Clearing based on review coming back within tolerances.
05/07/2026     No 1   A   A   A   A   A   PA Investment Purchase   A A A A     A A   N/A No
XXXXX 4000127097 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approved to proceed with 21 financed properties. Comp Factors :  XXXX months in reserves, experienced investor. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Seasoned Borrower/Investor whose experience exceeds 10 completed projects.
  SitusAMC

SitusAMC
Reviewer Comment (2026-05-05): Client elects to waive/regrade with compensating factors.
    05/05/2026 Yes 2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   B B B B     A A   N/A No
XXXXX 4000128465 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   Note Addendum - Prepayment was not found in file.       Reviewer Comment (2026-05-20): Received Prepayment Note Addendum. Exception cleared.


Seller Comment (2026-05-20): Comment from XXXX (XXXX): PPP Note addendum
05/20/2026     No 1 C A C A C A C A C A   MI Investment Purchase   C A C A     A A   N/A Yes
XXXXX 4000126897 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-05-06): Accepted as is.
    05/06/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000126195 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Donor Check not provided   Donor gift check or wire is missing for the $XXXX gift funds.       Reviewer Comment (2026-05-07): Donor Check provided. Cleared.


Seller Comment (2026-05-07): Comment from XXXX (XXXX): Cashiers check for the gift from the title company
05/07/2026     No 1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000126831 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided           Reviewer Comment (2026-05-07): Received, cleared


Seller Comment (2026-05-07): Comment from XXXX (XXXX): Articles of Organization,
05/07/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000126831 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided           Reviewer Comment (2026-05-07): Received, cleared


Buyer Comment (2026-05-07): Comment from XXXX (XXXX): uploaded with the first condition documents
05/07/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000126831 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided           Reviewer Comment (2026-05-07): Received, cleared


Buyer Comment (2026-05-07): Comment from XXXX (XXXX): uploaded with the first condition documents
05/07/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000126831 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided           Reviewer Comment (2026-05-07): Received, cleared


Buyer Comment (2026-05-07): Comment from XXXX (XXXX): uploaded with the first condition documents
05/07/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000128999 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of Appraisal is missing.       Reviewer Comment (2026-05-07): Accepted as is.
    05/07/2026 No 2 B B B B B B B B B B   NY Investment Purchase   C B C A B B A A N/A N/A No
XXXXX 4000128999 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Occupancy: ___; Declarations/Will borrower occupy: ___ Declaration A reflects occupancy as Primary whereas subject is Investment property, as well as appraisal lists property as Owner Occupied.       Reviewer Comment (2026-05-08): Corrected 1003 provided. Cleared.


Seller Comment (2026-05-08): Comment from XXXX (XXXX): Please see the correct final 1003, which reflects the occupancy as an investment property.  For the owner occupant indicated in the appraisal report, it reflects the current occupancy status of the subject property at the time of appraisal inspection.
05/08/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C B C A B B A A N/A N/A No
XXXXX 4000126531 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of Appraisal is missing.       Reviewer Comment (2026-05-07): Accepted as is.
    05/07/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129011 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   Received cut off copy of Permanent resident card.       Reviewer Comment (2026-05-08): Received Permanent resident card, Exception Cleared.


Seller Comment (2026-05-08): Comment from XXXX (XXXX): Please see the Permanent Resident Card for the borrower.
05/08/2026     No 1 C A C A C A C A C A   NY Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000128700 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-05-07): Accepted as is.
    05/07/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
XXXXX 4000129154 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-12): Clearing based on review coming back within tolerances.
05/12/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000128482 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Aged document: Credit Report  is more than 90 days prior to the note date. - Credit Report is more than XXXX days.       Reviewer Comment (2026-05-08): After further review, exception has been cleared.


Seller Comment (2026-05-08): Comment from XXXX (XXXX): Credit report was reissued XXXX (58 days ago). Reuploaded, please clear.
05/08/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000127961 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-13): Clearing based on review coming back within tolerances.
05/13/2026     No 1 C A C A C A C A C A   MI Investment Purchase   C A C A     A A   N/A No
XXXXX 4000126395 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-05-08): Accepted as is.
    05/08/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
XXXXX 4000129116 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-05-11): Accepted as is.
    05/11/2026 No 2 A A A A A A A A A A   CA Primary Purchase   C B A A C B A A Non QM Exempt from ATR No
XXXXX 4000129116 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow -  Reason TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account.       Reviewer Comment (2026-05-14): XXXX received final CD with correct information.


Seller Comment (2026-05-13): Comment from XXXX (XXXX): Please see attached
05/14/2026     No 1 C A C A C A C A C A   CA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Exempt from ATR Yes
XXXXX 4000129116 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements.         Reviewer Comment (2026-05-11): Accepted as is.
    05/11/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B A A C B A A Non QM Exempt from ATR No
XXXXX 4000129700 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-14): Clearing based on review coming back within tolerances.
05/14/2026     No 1 C A C A C A C A C A   HI Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000129700 XXXXX   XXXXX     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 (2026-05-13): Received, Clearing.


Seller Comment (2026-05-12): Comment from Post Closing (XXXX): Please see attached
05/13/2026     No 1 C A C A C A C A C A   HI Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000126295 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Borrower signed document at closing stating appraisal was delivered to borrower by or at closing.       Reviewer Comment (2026-05-12): Accepted as is.
    05/12/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000128263 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-05-12): Accepted as is.
    05/12/2026 No 2 B B B B B B B B B B   MD Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000127327 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary title policy is within XXXX or XXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.       Reviewer Comment (2026-05-12): Accepted as is.
    05/12/2026 No 2 B B B B B B B B B B   CA Second Home Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000127327 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-05-12): Accepted as is.
    05/12/2026 No 2 B B B B B B B B B B   CA Second Home Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000127208 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-15): Cleared based on review coming back within tolerances
05/15/2026     No 1 C A C A C A C A C A   OH Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000127208 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided   Fraud report included in the loan file is incomplete       Reviewer Comment (2026-05-14): Received, Clearing.


Seller Comment (2026-05-13): Comment from XXXX (XXXX): Fraud Report
05/14/2026     No 1 C A C A C A C A C A   OH Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000127794 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-12): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   VA Second Home Purchase Final CD evidences Cure C B C B A A A A Non QM Non QM Yes
XXXXX 4000127794 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Credit requirements not met. Two tradelines are required within the last 24 months showing twelve-month history. Current housing not reporting on credit can be considered an open trade if supported by bank records (cancelled checks/debits). Borrower has been employed in the same industry for more than 5 years.

Borrower has verified disposable income of at least $2500.00.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-05-15): Client elected to waive/regrade with compensating factors. Lender exception provided.


Seller Comment (2026-05-15): Comment from XXXX (XXXX): see attached
    05/15/2026 Yes 2 C B C B C B C B C B   VA Second Home Purchase   C B C B A A A A Non QM Non QM No
XXXXX 4000129974 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-15): Cleared based on review coming back within tolerances
05/15/2026     No 1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000128463 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. The appraisal was not provided to the applicant within 3 business days prior to consummation.       Reviewer Comment (2026-05-13): Accepted as is.
    05/13/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
XXXXX 4000127442 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Title Title: Evidence of title is missing   First page of Title Commitment in file only.       Reviewer Comment (2026-05-14): Received, Clearing.


Seller Comment (2026-05-14): Comment from XXXX (XXXX): Title commitment w/all pages.
05/14/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000127442 XXXXX   XXXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file.   Title Commitment is missing. First Page in file only.       Reviewer Comment (2026-05-14): Received, Clearing.


Seller Comment (2026-05-14): Comment from XXXX (XXXX): Title commitment w/all pages
05/14/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129635 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-18): Clearing based on review coming back within tolerances.
05/18/2026     No 1 C A C A C A C A C A   WA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000129927 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Closed loan: Max XXXX% LTV but with seller contributions of $XXXX, LTV went to XXXX%, so the sale price must be reduced. Approved with comp factors of DSCR XXXX, FICO XXXX, and 0x30x24. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2026-05-14): Lender exception approved
    05/14/2026 Yes 2 B B B B B B B B B B   TX Investment Purchase   B B B B     A A   N/A No
XXXXX 4000129636 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-18): Clearing based on review coming back within tolerances.
05/18/2026     No 1 C A C A C A C A C A   TN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000128264 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX)       Reviewer Comment (2026-05-14): Accepted as is.
    05/14/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000128264 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Title Commitment or Preliminary title policy amount is blank.       Reviewer Comment (2026-05-14): Accepted as is.
    05/14/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000130160 XXXXX   XXXXX     Compliance Compliance Federal Compliance Missing Non-Required Data Disbursement Date Missing Test Disbursement Date Missing: Evidence of disbursement date not found in file. Note Interest Accrual Start Date of XXXX used as disbursement date for compliance testing. Evidence of disbursement date not found in file. Note, Interest Accrual Start Date of XXXX used as disbursement date for compliance testing. Missing CDs and LEs.       Reviewer Comment (2026-05-15): Client elects to waive
    05/15/2026 No 2 B B B B B B B B B B   CA Investment Purchase   D B C B D B A A N/A Exempt from ATR No
XXXXX 4000130160 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect Missing Closing Disclosure:  No Document Used For Fee Testing Missing Final Closing Disclosure. No document containing fees provided. Any applicable Federal, State or Local compliance testing is unreliable. No document containing fees was provided. Any applicable Federal, State, or Local compliance testing is unreliable. Missing CDs and LEs.       Reviewer Comment (2026-05-18): HUD-1 provided. Cleared.


Seller Comment (2026-05-18): Comment from XXXX (XXXX): Please see attached


Reviewer Comment (2026-05-18): HUD was not provided in trailing documents. Exception remains


Buyer Comment (2026-05-18): Comment from XXXX (XXXX): No CDs and LEs for investment properties - HUD-1 provided
05/18/2026     No 1 D A D A D A D A D A   CA Investment Purchase   D B C B D B A A N/A Exempt from ATR No
XXXXX 4000130160 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided   1-4 Family information was not provided.       Reviewer Comment (2026-05-18): Received Rider - 1-4 Family. Exception cleared.


Seller Comment (2026-05-18): Comment from XXXX (XXXX): Please see attached
05/18/2026     No 1 C A C A C A C A C A   CA Investment Purchase   D B C B D B A A N/A Exempt from ATR No
XXXXX 4000130160 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within CA and does not reflect a coverage amount (no final title policy was found in file).       Reviewer Comment (2026-05-15): Client elects to waive
    05/15/2026 No 2 B B B B B B B B B B   CA Investment Purchase   D B C B D B A A N/A Exempt from ATR No
XXXXX 4000130160 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   NEW EXCEPTION Upon receipt of HUD-1       Reviewer Comment (2026-05-26): Received Invoice's for POCB amount's included in assets. Available for reserves is sufficient to meet guideline reserves requirement. Exception cleared.


Seller Comment (2026-05-26): Comment from XXXX (XXXX): POC invoices


Reviewer Comment (2026-05-26): We need the poc paid invoices to use for assets.


Buyer Comment (2026-05-22): Comment from XXXX (XXXX): Why are the Realtor credit of $XXXX and POCB of $XXXX being included in the funds to close? Shouldn't we just be looking at the net closing costs of  $XXXX, then add the 3 months reserves of $XXXX to get the minimum funds to close of $XXXX? If borrower is showing $XXXX in assets, that should cover it.


Reviewer Comment (2026-05-22): Bank statement #XXXX reflecting a balance of $XXXX has been included in assets. Available funds for Closing $XXXX(#XXXX account funds $XXXX+XXXX account funds $XXXX+Gift Funds $XXXX). The cash from borrower required per the HUD is $XXXX, which includes cash to close of $XXXX, Gift Funds of $XXXX,Realtor credit of $XXXX and POCB of $XXXX. Available for Reserves is $XXXX, and required reserves total $XXXX, representing three months of PITIA at $XXXX. Total Funds Required are $XXXX.Please provide additional assets to cover the shortfall. Exception remains.


Buyer Comment (2026-05-21): Comment from XXXX (XXXX): The bank statements provided show $XXXX for reserves. How much are you showing needs to be available?


Reviewer Comment (2026-05-21): Gifts funds are excluded from reserves.  Exception remains.


Buyer Comment (2026-05-21): Comment from XXXX (XXXX): Please advise what assets you're reviewing to show XXXX months reserves. borrower had to show 3 months $XXXX and funds verified with bank statement is $XXXX. The XXXX was wired as gift for closing.


Reviewer Comment (2026-05-20): Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX. Required additional assets to clear the exception. Exception remains.


Seller Comment (2026-05-20): Comment from XXXX (XXXX): Attaching 1008 that reflects what reserves we have and bank statement for account confirming reserves that match 1008. Please advise what else would be needed to confirm reserves
05/26/2026     No 1   A   A   A   A   A   CA Investment Purchase   D B C B D B A A N/A Exempt from ATR No
XXXXX 4000129115 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three business days prior to consummation.       Reviewer Comment (2026-05-15): Client elects to waive
    05/15/2026 No 2 B B B B B B B B B B   IL Primary Purchase   B B A A B B A A Non QM Exempt from ATR No
XXXXX 4000129115 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt. QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule. TILA loan designation remains ATR Exempt.       Reviewer Comment (2026-05-15): Client elects to waive
    05/15/2026 No 2 A A A A A A A A A A   IL Primary Purchase   B B A A B B A A Non QM Exempt from ATR No
XXXXX 4000129115 XXXXX   XXXXX     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Creditor did not provide List of Homeownership Counseling Organizations to borrower.       Reviewer Comment (2026-05-15): Client elects to waive
    05/15/2026 No 2 B B B B B B B B B B   IL Primary Purchase   B B A A B B A A Non QM Exempt from ATR No
XXXXX 4000129115 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. No cure provided.       Reviewer Comment (2026-05-14): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   IL Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Exempt from ATR Yes
XXXXX 4000128679 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary Title Policy is within CA and does not reflect a coverage amount (no Final Title Policy in file). Unable to determine if appropriate coverage is provided.       Reviewer Comment (2026-05-15): Client elects to waive
    05/15/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B B B A A Non QM N/A No
XXXXX 4000128679 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-05-15): Client elects to waive
    05/15/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B B B A A Non QM N/A No
XXXXX 4000130418 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-19): Clearing based on review coming back within tolerances.
05/19/2026     No 1   A   A   A   A   A   MI Investment Purchase   A A A A     A A   N/A No
XXXXX 4000128818 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to the applicant three (3) business days prior to consummation.       Reviewer Comment (2026-05-15): Client elects to waive
    05/15/2026 No 2 B B B B B B B B B B   VA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000128515 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID ECOA Appraisal Disclosure - ECOA Timing ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. Certificate of Delivery ( D0211 ) reflects Appraisal sent XXXX.       Reviewer Comment (2026-05-15): Client elects to waive
    05/15/2026 No 2 B B B B B B B B B B   UT Primary Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000128515 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Certificate of Delivery ( D0211 ) reflects Appraisal sent XXXX.       Reviewer Comment (2026-05-15): Client elects to waive
    05/15/2026 No 2 B B B B B B B B B B   UT Primary Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000128515 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. Loan Estimate signed and dated by Borrower on XXXX.       Reviewer Comment (2026-05-22): XXXX upon review as per the 1003 with all 6 pieces of information and purchase contract the application is dated XXXX.


Seller Comment (2026-05-20): Comment from XXXX (XXXX): Please see attached disclosure  LE tracking confirming it was e-delivered on XXXX.
05/22/2026     No 1 C A C A C A C A C A   UT Primary Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000128515 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Ten Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus 10% or $XXXX. No cure provided.       Reviewer Comment (2026-05-26): XXXX received PCCD, LOE, proof of mailing & copy of refund check.


Seller Comment (2026-05-22): Comment from XXXX (XXXX): Please see attached PCCD cure docs. Total cure is XXXX
  XXXXX   No 2 C B C B C B C B C B   UT Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000128515 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Appraisal Fee increased from $XXXX to $XXXX. No cure provided.       Reviewer Comment (2026-05-26): XXXX received PCCD, LOE, proof of mailing & copy of refund check.


Buyer Comment (2026-05-22): Comment from XXXX (XXXX): See uploaded docs on prior condition with a total cure of $XXXX
  XXXXX   No 2 C B C B C B C B C B   UT Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000130161 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-05-15): Client elects to waive
    05/15/2026 No 2 A A A A A A A A A A   NJ Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 4000130695 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard Insurance is sufficient.       Reviewer Comment (2026-05-26): Received, Clearing.


Seller Comment (2026-05-26): Comment from XXXX (XXXX): RCE


Reviewer Comment (2026-05-19): Shortage is still $XXXX with the extended coverage.


Seller Comment (2026-05-19): Comment from XXXX (XXXX): replacement cost and extended dwelling coverage of 25%
05/26/2026     No 1 C A C A C A C A C A   NH Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130695 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-22): Cleared based on review coming back within tolerances
05/22/2026     No 1   A   A   A   A   A   NH Investment Purchase   C A C A     A A   N/A No
XXXXX 4000126506 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
Preliminary Title does not list coverage amount.       Reviewer Comment (2026-05-18): Accepted as is.
    05/18/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   B B B B A A A A Non QM Non QM No
XXXXX 4000127529 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-05-19): Accepted as is.
    05/19/2026 No 2 B B B B B B B B B B   MI Investment Purchase   B B A A B B A A N/A N/A No
XXXXX 4000130301 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-22): Cleared based on review coming back within tolerances
05/22/2026     No 1   A   A   A   A   A   TX Investment Refinance - Rate/Term   A A A A     A A   N/A No
XXXXX 4000128840 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
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 (2026-05-19): Accepted as is.
    05/19/2026 No 2 B B B B B B B B B B   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000128840 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   The file was missing a copy of Corporate Resolution.       Reviewer Comment (2026-05-19): Not applicable for LLC


Buyer Comment (2026-05-19): Comment from XXXX (XXXX): Not required. XXXX
05/19/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000128840 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   The file was missing a copy of Operating Agreement.       Reviewer Comment (2026-05-19): Received Operating Agreement. Exception cleared.


Seller Comment (2026-05-19): Comment from XXXX (XXXX): attached
05/19/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000128840 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-22): Cleared based on review coming back within tolerances
05/22/2026     No 1   A   A   A   A   A   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000127697 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary Title Policy is within CA and does not reflect a coverage amount (Final Title Policy was not found in file). Unable to determine if appropriate coverage is provided.       Reviewer Comment (2026-05-19): Accepted as is.
    05/19/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
XXXXX 4000127697 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception for no primary residence or housing expense. Compensation factors include FICO 20+ over minimum, substantial reserves and LTV well below maximum allowed. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.
  SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-05-19): Lender exception approved
    05/19/2026 Yes 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
XXXXX 4000129412 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-22): Cleared based on review coming back within tolerances
05/22/2026     No 1   A   A   A   A   A   NM Investment Purchase   A A A A     A A   N/A No
XXXXX 4000130685 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-22): Cleared based on review coming back within tolerances
05/22/2026     No 1   A   A   A   A   A   PA Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
XXXXX 4000129333 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $XXXX is less than the note amount of $XXXX based on the Commitment in file.       Reviewer Comment (2026-05-19): Accepted as is.
    05/19/2026 No 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
XXXXX 4000129906 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-28): Cleared based on review coming back within tolerances


Reviewer Comment (2026-05-28): Reopened


Reviewer Comment (2026-05-26): Clearing based on review coming back within tolerances.
05/28/2026     No 1   A   A   A   A   A   CO Investment Purchase   A A A A     A A   N/A No
XXXXX 4000129529 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary title policy is within CA does not reflect a coverage amount (no final title policy in file). Unable to determine coverage amount.       Reviewer Comment (2026-05-20): Accepted as is.
    05/20/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   D B D B A A A A N/A N/A No
XXXXX 4000129529 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Missing EIN.       Reviewer Comment (2026-05-20): Received Employer Identification Number. Exception cleared.


Seller Comment (2026-05-20): Comment from XXXX (XXXX): Kindly see attached document. Thank you
05/20/2026     No 1 C A C A C A C A D A   CA Investment Refinance - Rate/Term   D B D B A A A A N/A N/A No
XXXXX 4000130768 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-22): Cleared based on review coming back within tolerances
05/22/2026     No 1   A   A   A   A   A   AL Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
XXXXX 4000128767 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-05-20): Accepted as is.
    05/20/2026 No 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   C B C A B B A A Non QM N/A No
XXXXX 4000128767 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Flood insurance coverage amount is insufficient.   Flood Insurance Coverage Amount is insufficient.       Reviewer Comment (2026-05-20): Received updated flood insurance policy with sufficient coverage. Exception cleared.


Seller Comment (2026-05-20): Comment from XXXX (XXXX): Hello, please see revised insurance
05/20/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C B C A B B A A Non QM N/A No
XXXXX 4000130712 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Per guidelines, all interested persons' signatures are required in the Security Instrument.  Please provide an updated Security Instrument signed by guarantor XXXX.       Reviewer Comment (2026-05-21): After further review, exception has been cleared.


Buyer Comment (2026-05-21): Comment from XXXX (XXXX): N/A - the borrower for this loan is XXXX.
05/21/2026     No 1   A   A   A   A   A   KS Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
XXXXX 4000128349 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-05-20): Accepted as is.
    05/20/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
XXXXX 4000128349 XXXXX   XXXXX     Credit Credit Credit Eligibility Credit Active Tradeline requirement not met. - Borrower has ___ Active Tradelines which is less than the minimum required by guidelines. Exception for minimum tradelines requirement. Borrower has a long history of credit and three credit scores; however, she does not meet the program requirement. Exception approved with -XXXX LPA. No other exceptions allowed and subject to final review. Comp factors include >XXXX DSCR, less than XXXX% LTV, XXXX months of reserves. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.
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Reviewer Comment (2026-05-20): Client elects to waive with compensating factors
    05/20/2026 Yes 2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
XXXXX 4000129434 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The file is missing copy of Insurance Verification .       Reviewer Comment (2026-05-21): Received signed copy of 1008, 1003 and closing statement. Exception cleared.


Seller Comment (2026-05-21): Comment from XXXX (XXXX): SIGNED DOCS


Reviewer Comment (2026-05-20): Received seller's final settlement statement confirms that the property located at XXXX was sold on XXXX. As per Final 1003,Monthly Insurance, Taxes, Association Dues etc of $XXXX for the same property have been included in the DTI calculation. Received updated 1003 and closing statement are unsigned. Please provide updated 1008, signed copy of updated 1003 at closing and signed copy of the closing statement. Exception remains.


Seller Comment (2026-05-20): Comment from XXXX (XXXX): XXXX IS SOLD
05/21/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B A A A A Non QM Non QM No
XXXXX 4000129434 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-05-20): Accepted as is.
    05/20/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B A A A A Non QM Non QM No
XXXXX 4000127967 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-27): Clearing based on review coming back within tolerances.
05/27/2026     No 1   A   A   A   A   A   AL Investment Purchase   A A A A     A A   N/A No
XXXXX 4000126963 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Guidelines state the file must also contain a 12-month payment history (or since origination, whichever is less) for all mortgages (including subordinate liens) associated with the subject property and the borrower's primary residence. Mortgage history must be verified from the credit report or other acceptable documentation, such as a Verification of Mortgage (VOM) completed by a financial institution. The borrower has provided a VOM from an individual to document the prior mortgage history of a land contract on the subject property. The VOM confirms the land contract is paid and has had no late payments. The land contract was paid in full as of the most recent sale of the home in XXXX. The property is currently free and clear. Exception Approved - Comp Factors: XXXX FICO, XXXX months in reserves. Loan will be subject to final review with no additional exceptions. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.
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Reviewer Comment (2026-05-20): Lender exception approved
    05/20/2026 Yes 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
XXXXX 4000126963 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-27): Clearing based on review coming back within tolerances.
05/27/2026     No 1   A   A   A   A   A   MI Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
XXXXX 4000129804 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. Title Commitment in file is for $XXXX. The Loan amount is $XXXX.       Reviewer Comment (2026-05-20): Accepted as is.
    05/20/2026 No 2 B B B B B B B B B B   NC Investment Purchase   B B B B     A A   N/A No
XXXXX 4000129570 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-27): Clearing based on review coming back within tolerances.
05/27/2026     No 1   A   A   A   A   A   NY Investment Refinance - Rate/Term   A A A A     A A   N/A No
XXXXX 4000129033 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.         Reviewer Comment (2026-05-20): Accepted as is.
    05/20/2026 No 2 B B B B B B B B B B   MI Investment Purchase   B B B B     A A   N/A No
XXXXX 4000131035 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Title Commitment or Preliminary title policy amount is blank.       Reviewer Comment (2026-05-21): Accepted as is.
    05/21/2026 No 2 B B B B B B B B B B   CA Investment Purchase   D B D B A B A A N/A N/A No
XXXXX 4000131035 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.   Property is located in a FEMA disaster area and has not been inspected.       Reviewer Comment (2026-05-26): Disaster Inspection is not required. Exception cleared.


Seller Comment (2026-05-26): Comment from XXXX (XXXX): Rebuttal on disaster findings
05/26/2026     No 1 C A C A C A C A C A   CA Investment Purchase   D B D B A B A A N/A N/A No
XXXXX 4000131035 XXXXX   XXXXX     Credit Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal not provided   Appraisal Report Form (1004) not provided.       Reviewer Comment (2026-05-26): Received Appraisal. Exception cleared.


Seller Comment (2026-05-22): Comment from XXXX (XXXX): appraisal 1004
05/26/2026     No 1 D A D A D A D A D A   CA Investment Purchase   D B D B A B A A N/A N/A No
XXXXX 4000131035 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy. Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. Calculated Available for Reserves of $XXXX is less than Guideline Available for Reserves of $XXXX. Borrower has been employed in the same industry for more than 5 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.
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Reviewer Comment (2026-06-18): Client elected to waive/regrade with compensating factors. Lender exception provided.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): approved exception for less reserves


Reviewer Comment (2026-05-26): As per XXXX guide reserves required for subject is 6 months and (2) Months Incremental PITIA Per each Financed Property. Exception remains.


Seller Comment (2026-05-26): Comment from XXXX (XXXX): rebuttal on reserves findings
    06/18/2026 Yes 2 C B C B C B C B C B   CA Investment Purchase   D B D B A B A A N/A N/A No
XXXXX 4000131035 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-05-26): Accepted as is.
    05/26/2026 No 2   B   B   B   B   B   CA Investment Purchase   D B D B A B A A N/A N/A No
XXXXX 4000131035 XXXXX   XXXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2026-06-18): Received UCDP Submission Summary report with CU/LCA score less than 2.5. Hence, Secondary Valuation is not required. Exception cleared.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Fannie & Freddie SSR
06/18/2026     No 1   A   A   A   A   A   CA Investment Purchase   D B D B A B A A N/A N/A No
XXXXX 4000127480 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
Preliminary Title Report does not list coverage amount.       Reviewer Comment (2026-05-21): Accepted as is.
    05/21/2026 No 2 B B B B B B B B B B   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000127480 XXXXX   XXXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy effective date is after the funds disbursed.   Hazard Insurance Effective date XXXX. Disbursement date is XXXX per final CD. Please provide final signed settlement statement confirming XXXX disbursement date       Reviewer Comment (2026-05-22): Received, Clearing.


Seller Comment (2026-05-22): Comment from XXXX (XXXX): Hello, please see attached.
05/22/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000127480 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Explanation Letter not provided   Missing explanation for large deposit in the amount of $XXXXon XXXX into account ending XXXX       Reviewer Comment (2026-05-26): As per XXXX guidelines, documentation of the source of the large deposit is not required. Exception cleared.


Seller Comment (2026-05-22): Comment from XXXX (XXXX): Hello, please see attached.
05/26/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000127310 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Donor Check not provided   Donor check is missing for the gift funds in the amount of $XXXX.       Reviewer Comment (2026-05-28): Received, Clearing.


Seller Comment (2026-05-28): Comment from XXXX (XXXX): final 1003


Reviewer Comment (2026-05-27): Updated 1003 required borrower signature. Exception remains.


Seller Comment (2026-05-27): Comment from XXXX (XXXX): updated 1003 with gift amount of $XXXX.


Reviewer Comment (2026-05-26): Donor check for the gift amount of $XXXX has not been received. Exception remains.


Seller Comment (2026-05-26): Comment from XXXX (XXXX): XXXX gift fund docs
05/28/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000129805 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The co-applicant, XXXX needs to sign the security instrument in her capacity as member(s) and/or manager(s) of the business entity.       Reviewer Comment (2026-05-27): The security agreement is signed by the member who has authority to sign on behalf of the business


Seller Comment (2026-05-27): Comment from XXXX (XXXX): XXXX: Please see the guidelines where it shows the primary borrower will be the member who is designated to sign on behalf of the business entity in the closing package. The Note must be signed by the applicants in their individual capacity and at least one borrower as member(s) and/or manager(s) of the business entity. The Mortgage/Deed of Trust/security instrument should be signed by the borrower in their capacity as member and/or manager of the business entity.
05/27/2026     No 1 C A C A C A C A C A   AL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000127710 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Title Commitment or Preliminary title policy amount is blank.       Reviewer Comment (2026-05-22): Client elects to waive
    05/22/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000130213 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-05-21): Accepted as is.
    05/21/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
XXXXX 4000130213 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Missing 12 months Verification of Mortgage for current mortgage.       Reviewer Comment (2026-05-27): Received 11 Months Payment history from the provided pay history and One month from Mortgage Statement. Exception cleared.


Seller Comment (2026-05-27): Comment from XXXX (XXXX): We're providing XXXX payment proof to satisfy the 12 months payment.


Reviewer Comment (2026-05-27): Since 12 is required per guidelines we would need proof the XXXX payment was made.


Buyer Comment (2026-05-26): Comment from XXXX (XXXX): The first payment to XXXX was due on XXXX and that payment was included in the payoff demand. The subsequent 11 payments were provided through the payment history from XXXX, which should satisfy the 12-month payment history requirement.


Reviewer Comment (2026-05-26): We need a payment history from them that shows if the payments were made on time for the last 12 months.


Seller Comment (2026-05-26): Comment from XXXX (XXXX): Yes, the current servicer prior to our refinance transaction was XXXX. However, if you review the note provided, you'll see that it was executed in XXXX, with the first payment due to XXXX on XXXX. The payment history from XXXX provided reflects the consecutively prior servicer before XXXX. Can you clarify what you mean by the payment history not corresponding?


Reviewer Comment (2026-05-22): First Mortgage is with XXXXXX XXXX per 1003 with a payment of $XXXXX Pay history provided does not correspond. Exception remains.


Seller Comment (2026-05-22): Comment from XXXX (XXXX): Please see attached. This was included in the shipping package. Please let us know if there's anything else needed.
05/27/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
XXXXX 4000128046 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation       Reviewer Comment (2026-05-22): Client elects to waive
    05/22/2026 No 2 B B B B B B B B B B   GA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000128242 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-28): Clearing based on review coming back within tolerances.
05/28/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B A A A A Non QM Non QM No
XXXXX 4000128242 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Title Commitment or Preliminary title policy amount is blank       Reviewer Comment (2026-05-22): Client elects to waive
    05/22/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B A A A A Non QM Non QM No
XXXXX 4000129622 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XXXX,  Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX. The business or personal tax returns provided are not the most recent. Application Date XXXX, Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX.       Reviewer Comment (2026-05-22): Client elects to waive
    05/22/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129622 XXXXX   XXXXX     Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003           Reviewer Comment (2026-05-22): Client elects to waive
    05/22/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130632 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-28): Clearing based on review coming back within tolerances.
05/28/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130300 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-28): Clearing based on review coming back within tolerances.
05/28/2026     No 1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
XXXXX 4000131627 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard Insurance Coverage Amount is insufficient, and a Replacement Cost Estimator was not provided in file. Coverage is short $XXXX.       Reviewer Comment (2026-06-26): Received new policy with sufficient covergage. Exception cleared.


Seller Comment (2026-06-26): Comment from XXXX (XXXX): increased coverage


Reviewer Comment (2026-06-18): New policy is the same amount as prior. XXXX is short coverage.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): update to policy
06/26/2026     No 1 C A C A C A C A C A   OH Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000131627 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   Note Addendum - Prepayment was not provided.       Reviewer Comment (2026-05-28): Note Addendum - Prepayment, cleared


Seller Comment (2026-05-28): Comment from XXXX (XXXX): PPP addendum attached
05/28/2026     No 1 C A C A C A C A C A   OH Investment Refinance - Cash-out - Other   C A C A     A A   N/A Yes
XXXXX 4000130545 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Documented qualifying Assets for Closing of $XXXX is less than Cash From Borrower $XXXX.       Reviewer Comment (2026-05-27): Received Closing statement confirming that the Net Proceeds from Sale of Real Estate of property XXXX included in assets. Hence Assets Available for Closing is sufficient to cover Cash From Borrower. Exception cleared.


Seller Comment (2026-05-27): Comment from XXXX (XXXX): She sold a property, which gave her the funds to close.
05/27/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130545 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 3.       Reviewer Comment (2026-05-27): Received Closing statement confirming that the Net Proceeds from Sale of Real Estate of property XXXX included in assets. Hence Available for Reserves is sufficient to meet guideline reserves requirement. Exception cleared.


Seller Comment (2026-05-27): Comment from XXXX (XXXX): She sold a property, which gave her the funds to close.
05/27/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
XXXXX 4000128442 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: 1007 Rent Comparison Schedule not provided   1007 Rent Comparison Schedule is missing. Occupancy and Income were calculated in 1004 Short Term Rental Narrative.       Reviewer Comment (2026-06-01): Received the supplemental appraisal form along with the main appraisal, confirming that the short-term rental income meets the guideline requirements. Exception cleared.


Seller Comment (2026-06-01): Comment from XXXX (XXXX): please see attached
06/01/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000128442 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Vacation Rental Website Listing not provided   Listing for short term vacation rental was not provided in file.       Reviewer Comment (2026-06-03): Received, Clearing.


Seller Comment (2026-06-02): Comment from XXXX (XXXX): The subject property was a vacant property and was recently renovated which was considered for this transaction as per the below snippet of guideline


Reviewer Comment (2026-05-28): XXXX

STR income may be documented using a supplemental appraisal form completed by the licensed appraiser
who performed the original appraisal. This form must accompany and be a part of the original appraisal
§ Income may be verified through a third-party property management provider OR Vendors such as XXXX,
XXXX, and HomeAway XXXX are acceptable
- Documentation must include the property address or a unique property ID specific to the subject property.


Buyer Comment (2026-05-28): Comment from XXXX (XXXX): Please advise the reference of guideline on the basis of which you are asking for this document? We could not locate any point in the guideline which asks for Vacation Rental Website Listing Exception in DSCR files.


Reviewer Comment (2026-05-26): As per supplemental addendum from appraisal, it is short-term rental hence required Vacation Rental Website Listing Exception remains.


Buyer Comment (2026-05-26): Comment from XXXX (XXXX): Guideline doesn't mention specifically short-term rental listing. So, short- term vacation listing is not required for this loan.
06/03/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000129090 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-05-26): Accepted as is.
    05/26/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000129090 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file).       Reviewer Comment (2026-05-26): Accepted as is.
    05/26/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000130353 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $XXXX is less than the note amount of $XXXX based on the Commitment in file.       Reviewer Comment (2026-05-26): Accepted as is.
    05/26/2026 No 2 B B B B B B B B B B   CO Investment Purchase   B B B B     A A   N/A No
XXXXX 4000130724 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX. $XXXX over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-05): XXXX received valid COC dated XXXX


Seller Comment (2026-06-03): Comment from XXXX (XXXX): LOX


Reviewer Comment (2026-06-03): XXXX: The receipt of an invoice is not a valid changed circumstance in order for a fee to be re-baselined. Provide additional information with supporting documentation of timeline for review or Cure would be due to borrower.


Seller Comment (2026-06-01): Comment from XXXX (XXXX): APPRAISAL INVOICES


Reviewer Comment (2026-06-01): XXXX received COC dated XXXX stating " Due to property type which appraiser is requiring higher fee. Kindly provide additional information about the property type changed which impacted higher fee or cure due to borrower. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing.


Seller Comment (2026-05-29): Comment from XXXX (XXXX): COC
06/05/2026     No 1 C A C A C A C A C A   CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000130724 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX. $XXXX over legal limit. Sufficient  cure was provided to the borrower.       Reviewer Comment (2026-05-28): Cured at closing or within 60 days of consummation prior to TPR review


Seller Comment (2026-05-27): Comment from XXXX (XXXX): LOX
  XXXXX   No 2 C B C B C B C B C B   CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000130724 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-28): Clearing based on review coming back within tolerances.
05/28/2026     No 1   A   A   A   A   A   CO Primary Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000130724 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Sufficient cure provided at closing       Reviewer Comment (2026-06-05): Sufficient Cure Provided At Closing
  XXXXX   No 1   A   A   A   A   A   CO Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
XXXXX 4000129872 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided           Reviewer Comment (2026-05-26): Received Corporate resolution. Exception cleared.


Seller Comment (2026-05-26): Comment from XXXX (XXXX): XXXX: Please see the attached corporate resolution for XXXX. This is sufficient as a standalone document, and an operating agreement is not required.
05/26/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000129872 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-28): Clearing based on review coming back within tolerances.
05/28/2026     No 1   A   A   A   A   A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000131762 XXXXX   XXXXX     Property Valuation Valuation Issue Valuation The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal   The Desk Review or Field Review effective date does not match the Appraisal's effective date.       Reviewer Comment (2026-05-28): Received, Clearing.


Seller Comment (2026-05-28): Comment from XXXX (XXXX): CDA
05/28/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     C A   N/A No
XXXXX 4000131762 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Verification of last 12 months rental payments for borrower's primary housing was not provided in file.       Reviewer Comment (2026-05-22): Documentation received borrower owns primary free and clear


Seller Comment (2026-05-22): Comment from XXXX (XXXX): Primary residence is owned free and clear
05/22/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     C A   N/A No
XXXXX 4000129040 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. (Type:Primary/XXXX)       Reviewer Comment (2026-05-26): Accepted as is.
    05/26/2026 No 2 B B B B B B B B B B   MI Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000129040 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. Title Policy Coverage is less than Original Loan Amount.       Reviewer Comment (2026-05-26): Accepted as is.
    05/26/2026 No 2 B B B B B B B B B B   MI Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000129040 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-05-27): Received bank statements. Exception cleared.


Seller Comment (2026-05-27): Comment from XXXX (XXXX): XXXX: Please see the attached assets statement showing that the file does have enough funds for cash to close and reserves. Cash to close is  XXXX and reserves is XXXX so total is XXXX. The asset account in file showing ending balance of XXXX.
05/27/2026     No 1 C A C A C A C A C A   MI Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000129040 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Loan is short 6 mos. reserve requirement.       Reviewer Comment (2026-05-27): Received bank statements. Exception cleared.


Seller Comment (2026-05-27): Comment from XXXX (XXXX): XXXX: Please see the attached assets statement showing that the file does have enough funds for cash to close and reserves. Cash to close is XXXX and reserves is XXXX so total is XXXX. The asset account in file showing ending balance of XXXX.
05/27/2026     No 1 B A C A B A C A B A   MI Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
XXXXX 4000129040 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay.       Reviewer Comment (2026-05-27): Received bank statements. Exception cleared.


Seller Comment (2026-05-27): Comment from XXXX (XXXX): XXXX: Please see the attached assets statement showing that the file does have enough funds for cash to close and reserves. Cash to close is XXXX and reserves is XXXX so total is XXXX. The asset account in file showing ending balance of XXXX.
05/27/2026     No 1 C A C A C A C A C A   MI Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000131006 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-28): Clearing based on review coming back within tolerances.
05/28/2026     No 1   A   A   A   A   A   MA Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
XXXXX 4000129647 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to the applicant three (3) business days prior to consummation.       Reviewer Comment (2026-05-26): Accepted as is.
    05/26/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B B B A A Non QM Non QM No
XXXXX 4000129647 XXXXX   XXXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2026-05-27): Received E-sign Consent Agreement. Exception cleared.


Seller Comment (2026-05-26): Comment from XXXX (XXXX.): eConsent attached.
05/27/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B B B A A Non QM Non QM No
XXXXX 4000129647 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy within CA does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.       Reviewer Comment (2026-05-26): Accepted as is.
    05/26/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B B B A A Non QM Non QM No
XXXXX 4000129354 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: HELOC Agreement not provided   HELOC Agreement is missing for Proceeds from Secured Loan.       Reviewer Comment (2026-05-27): Received Closing Disclosure for Secured Loan. Exception cleared.


Buyer Comment (2026-05-26): Comment from Post Closing (XXXX): This is a first-lien loan.Thank you.
05/27/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129354 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-05-28): Received Closing Disclosure confirming that the Net Proceeds from Refinance of property XXXX included in assets. Hence Available for Reserves is sufficient to meet guideline reserves requirement. Exception cleared.


Seller Comment (2026-05-27): Comment from Post Closing (XXXX): Please see attached
05/28/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129354 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Verification of Secured Loan used for Down payment/reserves was not verified in the file. Documented qualifying Assets for Closing of $XXXX is less than Cash From Borrower $XXXX.       Reviewer Comment (2026-05-27): Received Closing Disclosure for Net Proceeds from secured Loan included in assets. Available for Closing is sufficient to cover Cash from Borrower. Exception cleared.


Seller Comment (2026-05-26): Comment from Post Closing (XXXX): Please see the final closing statement for the combined cash-out loan.Thank you
05/27/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
XXXXX 4000131324 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-29): Clearing based on review coming back within tolerances.
05/29/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000129495 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. No Cure Provided.       Reviewer Comment (2026-06-08): XXXX Received Valid COC dated XXXX along with supporting Email.


Seller Comment (2026-06-04): Comment from XXXX (XXXX): email for the appraisal fee


Reviewer Comment (2026-06-03): Cure provided at closing for the appraisal completion fee exceeds 0% tolerance and provided COC dated XXXX for the appraisal fee increased does not give sufficient information on reason for the fee was increased. Provide valid COC for the fee was increased or Cure is required to borrower.


Reviewer Comment (2026-06-03): Re-open - Cured at closing or within 60 days of consummation prior to TPR review


Reviewer Comment (2026-05-28): Cured at closing or within 60 days of consummation prior to TPR review


Buyer Comment (2026-05-27): Comment from XXXX (XXXX): Not sure where $XXXX is coming from - second appraisal charge was $XXXX (I cured the $XXXX in Appraisal Completion Fees on the final cd. Please advise
06/08/2026     No 1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXXXX 4000129495 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. No Cure Provided.       Reviewer Comment (2026-05-28): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Seller Comment (2026-05-27): Comment from XXXX (XXXX): COC
05/28/2026     No 1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXXXX 4000129495 XXXXX   XXXXX     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form Notice of Right to Cancel Missing Truth in Lending Act: Notice of Right to Cancel was not provided. Notice of Right to Cancel was not provided.       Reviewer Comment (2026-05-27): New Construction. NRTC not required. Cleared.


Buyer Comment (2026-05-27): Comment from XXXX (XXXX): This is new construction, borrower hadn't lived in property before the closing - no RTC needed.
05/27/2026     No 1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C A C B A A Non QM Non QM Yes
XXXXX 4000129495 XXXXX   XXXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2026-05-27): Received E-Sign Consent Agreement. Exception cleared.


Seller Comment (2026-05-27): Comment from XXXX (XXXX): E-Consent
05/27/2026     No 1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXXXX 4000129495 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. XXXX the Appraisal Completion fee were charged on CD dated XXXX6 for $XXXX. Kindly provide a valid COC for the fee charged or cure due to borrower. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing.       Reviewer Comment (2026-06-03): Cured at closing or within 60 days of consummation prior to TPR review


Seller Comment (2026-05-31): Comment from XXXX (XXXX): appraisal fee increase coc
  XXXXX   No 2   B   B   B   B   B   FL Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXXXX 4000129495 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-08): Sufficient Cure Provided At Closing
  XXXXX   No 1   A   A   A   A   A   FL Primary Refinance - Cash-out - Other Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
XXXXX 4000127844 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX. Sufficient or excess cure was provided to the borrower.       Reviewer Comment (2026-05-26): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   FL Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
XXXXX 4000127844 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-12): XXXX Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Seller Comment (2026-06-11): Comment from XXXX (XXXX): misc


Reviewer Comment (2026-06-11): XXXX received PCCD, LOE, Refund Check and Proof of Mailing.    XXXX tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): PCCD


Reviewer Comment (2026-06-05): XXXX received PCCD, LOE and proof of mailing. Missing copy of refund check. Please provide copy of refund check to cure the exception.


Seller Comment (2026-06-03): Comment from XXXX (XXXX): misc


Reviewer Comment (2026-06-03): XXXX received corrected PCCD and LOE but as per LOE the copy of refund check to be issued but no copy of check is provided for review. Please provide copy of refund check and proof of mailing to cure this exception.


Seller Comment (2026-06-02): Comment from XXXX (XXXX): PCCD, LOX Shipping


Reviewer Comment (2026-06-01): XXXX received Final SS with lender credit of $XXXX. However, we would require Post CD along with detail LOX to reflect $XXXX inner column under section J.


Seller Comment (2026-05-29): Comment from XXXX (XXXX): XXXX has provided the final settlement statement which shows a lender credit that totals $XXXX($XXXX for the increased appraisal fee; $XXXX for the increased credit report fee). The final settlement statement shows the final credit report charge is $XXXX, the original amount disclosed was $XXXX
  XXXXX   No 2 C B C B C B C B C B   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000127844 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-03): Cured at closing or within 60 days of consummation prior to TPR review


Seller Comment (2026-06-02): Comment from XXXX (XXXX): PCCD, LOX Shipping


Reviewer Comment (2026-06-01): XXXX received Final SS with lender credit of $XXXX However, we would require Post CD along with detail LOX to reflect $XXXX inner column under section J.


Seller Comment (2026-05-29): Comment from XXXX (XXXX): XXXX has provided the final settlement statement which shows a lender credit that totals $XXXX($XXXX for the increased appraisal fee; $XXXX for the increased credit report fee). The final settlement statement shows the final credit report charge is $XXXX, the original amount disclosed was $XXXX
  XXXXX   No 1 C B C B C B C B C B   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000131049 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-05-26): Accepted as is.
    05/26/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000131049 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-29): Clearing based on review coming back within tolerances.
05/29/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000129343 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-29): Clearing based on review coming back within tolerances.
05/29/2026     No 1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXXXX 4000129343 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XXXX,  Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX. The business or personal tax returns provided are not the most recent. Application Date XXXX,  Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX. (XXXX/S-Corp)       Reviewer Comment (2026-05-27): Accepted as is.
    05/27/2026 No 2 B B B B B B B B B B   TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXXXX 4000129343 XXXXX   XXXXX     Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (No evidence that borrower received copies of all documents signed at closing) Texas Constitution Section 50(a)(6):  Texas Cash-out Loan.   No evidence that borrower(s) received copies of all documents signed at time of closing. Texas Constitution Section 50(a)(6): Texas Cash-out Loan. No evidence that borrower(s) received copies of all documents signed at time of closing.       Reviewer Comment (2026-06-16): Received, Clearing.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): Uploaded docs for review. Thank you
06/16/2026     No 1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other Either Deliver the required documents to the borrower or refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B C A C B A A Non QM Non QM Yes
XXXXX 4000129343 XXXXX   XXXXX     Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Security Instrument did not disclose that loan is a Texas Home Equity Loan) Texas Constitution Section 50(a)(6):  Texas Cash-out Loan.   Security instrument does not disclose that the loan is a TX Home Equity/50(a)(6) Loan.         Reviewer Comment (2026-06-16): Received, Clearing.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): Uploaded docs for review. Thank you
06/16/2026     No 1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B C A C B A A Non QM Non QM Yes
XXXXX 4000129343 XXXXX   XXXXX     Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Provided) Texas Constitution Section 50(a)(6): Borrower did not receive written "Acknowledgment of the Fair Market Value" of homestead property securing loan.         Reviewer Comment (2026-06-16): Received, Clearing.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): Uploaded docs for review. Thank you
06/16/2026     No 1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.  Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. C B C A C B A A Non QM Non QM Yes
XXXXX 4000129343 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Rider - Other not provided   Extension and Renewal Rider is missing in the file.       Reviewer Comment (2026-06-16): Received updated security instrument with no rider requirement. Exception cleared.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): Extension and Renewal Rider is not needed.
06/16/2026     No 1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXXXX 4000129343 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing 2025 1120-S or 7004 tax extension       Reviewer Comment (2026-06-26): Received, Clearing.


Reviewer Comment (2026-06-26): Most recent tax returns not received. Exception remains.


Seller Comment (2026-06-25): Comment from XXXX (XXXX): Uploaded Documentation to clear the suspense.


Reviewer Comment (2026-06-22): Tax returns are not the most recent, 7004 required


Seller Comment (2026-06-22): Comment from XXXX (XXXX): Can you please escalate these to be waived? The only transcripts we need are 1040 transcripts per guides.
06/26/2026     No 1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXXXX 4000129343 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Missing 2025 1120S return or evidence of business return extension       Reviewer Comment (2026-06-26): Received, Clearing.


Seller Comment (2026-06-25): Comment from XXXX (XXXX): Uploaded Documentation to clear the suspense.


Reviewer Comment (2026-06-22): 2025 returns are not the most recent 7004 extension required


Seller Comment (2026-06-22): Comment from XXXX (XXXX): Can you please escalate these to be waived? The only transcripts we need are 1040 transcripts per guides.
06/26/2026     No 1 B A C A B A C A B A   TX Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
XXXXX 4000129343 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Missing 2025 1120S return or evidence of business return extension       Reviewer Comment (2026-06-26): Received, Clearing.


Seller Comment (2026-06-25): Comment from XXXX (XXXX): Uploaded Documentation to clear the suspense.


Reviewer Comment (2026-06-22): The tax returns provided are not the most recent, therefore evidence of business tax return extension is required.


Seller Comment (2026-06-22): Comment from XXXX (XXXX): Can you please escalate these to be waived? The only transcripts we need are 1040 transcripts per guides.
06/26/2026     No 1 C A C A C A C A C A   TX Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXXXX 4000129343 XXXXX   XXXXX     Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender.         Reviewer Comment (2026-06-19): Clearing for updated.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Please see attached
06/19/2026     No 1   A   A   A   A   A   TX Primary Refinance - Cash-out - Other To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. C B C A C B A A Non QM Non QM Yes
XXXXX 4000129343 XXXXX   XXXXX     Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Provided Timely) Texas Constitution Section 50(a)(6):  Acknowledgment of the Fair Market Value not signed by borrower or lender at or before closing. Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not signed by borrower or lender at or before closing.       Reviewer Comment (2026-06-22): Cleared- with signed/dated XXXX disclosure


Seller Comment (2026-06-22): Comment from XXXX (XXXX): Closing XXXX


Reviewer Comment (2026-06-19): The document was signed XXXX but the loan closed XXXX.


Seller Comment (2026-06-19): Comment from XXXX (XXXX): See attached
06/22/2026     No 1   A   A   A   A   A   TX Primary Refinance - Cash-out - Other To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.  Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. C B C A C B A A Non QM Non QM Yes
XXXXX 4000127962 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Trust Agreement not provided   Trust Agreement is missing. Note signed by Trustees.       Reviewer Comment (2026-05-28): Trust Agreement provided. Cleared.


Seller Comment (2026-05-28): Comment from XXXX (XXXX): XXXX: please see the attached documentation. I've attached the trust agreement that matches the trust that was listed and signed under on the note.
05/28/2026     No 1 C A C A C A C A C A   GA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129782 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-05-29): Clearing based on review coming back within tolerances.
05/29/2026     No 1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
XXXXX 4000127159 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-05-27): Accepted as is.
    05/27/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130647 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The EIN is missing in the loan file; however, the borrower's business (XXXX) is a XXXX% owned sole proprietorship and does not have an EIN. As per XXXX state guidance, an EIN is not required for sole proprietors without employees. The borrower has been using their SSN in place of an EIN. Requesting an exception to allow the use of SSN in lieu of EIN. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
  SitusAMC

SitusAMC
Reviewer Comment (2026-05-27): Client elects to waive with compensating factors
    05/27/2026 Yes 2 B B B B B B B B B B   KS Investment Purchase   B B B B     A A   N/A No
XXXXX 4000129808 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within CA and does not reflect a coverage amount.       Reviewer Comment (2026-05-27): Accepted as is.
    05/27/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
XXXXX 4000129468 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of Appraisal is missing.       Reviewer Comment (2026-05-27): Accepted as is.
    05/27/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B A A B B A A N/A N/A No
XXXXX 6000121208 XXXXX   XXXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. -         Reviewer Comment (2026-03-31): E-sign received, exception cleared


Buyer Comment (2026-03-27): PFA
03/31/2026     No 1 C A C A C A C A C A   FL Primary Refinance - Rate/Term   C A C A A A A A Non QM Exempt from ATR No
XXXXX 6000121208 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-03-24): CDFI lender testing ATR
    03/24/2026 No 2 A A A A A A A A A A   FL Primary Refinance - Rate/Term   C A C A A A A A Non QM Exempt from ATR No
XXXXX 6000121250 XXXXX   XXXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. (Subject DSCR) of XXXX  does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) XXXX
 
Remove/Clear Exceptions
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Reserves: XXXX
Guideline Requirement: 0.00
Originator,SitusAMC Reviewer Comment (2026-04-13): Waived with compensating factors per lender approved exception.


Buyer Comment (2026-04-09): Please see attached
    04/13/2026 No 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
XXXXX 6000121250 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Alternate tradelines form XXXX do not verify that there were no negative ending or starting balances or NSFs for the past XXXX  months. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Reserves: XXXX
Guideline Requirement: 0.00
Originator,SitusAMC Reviewer Comment (2026-04-13): Waived with compensating factors per lender approved exception.


Buyer Comment (2026-04-09): Please see attached
    04/13/2026 No 2 C B C B C B C B C B   FL Investment Purchase   C B C B     A A   N/A No
XXXXX 4000128889 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing       Reviewer Comment (2026-05-27): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   TX Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000129533 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The signature block on the Note is missing both individuals' member titles.       Reviewer Comment (2026-06-03): Received, Clearing.


Buyer Comment (2026-06-02): Comment from XXXX (XXXX): Please review as it was agreed upon by XXXX and XXXX (XXXX) that LLC loans would be accept this way (Note- individual) (Security Instrument- LLC). Please escalate
06/03/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000128812 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-05-27): Accepted as is.
    05/27/2026 No 2 A A A A A A A A A A   NY Primary Purchase   C A C A A A A A Non QM Exempt from ATR No
XXXXX 4000128812 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-01): Clearing based on review coming back within tolerances.
06/01/2026     No 1 C A C A C A C A C A   NY Primary Purchase   C A C A A A A A Non QM Exempt from ATR No
XXXXX 4000130823 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. Title Commitment Policy amount of $XXXX is less than the Note amount of $XXXX.       Reviewer Comment (2026-05-27): Accepted as is.
    05/27/2026 No 2 B B B B B B B B B B   NJ Investment Purchase   B B B B     A A   N/A No
XXXXX 4000131933 XXXXX   XXXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2026-06-05): CDA, cleared


Seller Comment (2026-06-05): Comment from XXXX (XXXX): CDA - Supports value
06/05/2026     No 1 D A D A D A D A D A   TX Investment Purchase   D B C A B B D A N/A N/A No
XXXXX 4000131933 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Paystubs were missing from the file.       Reviewer Comment (2026-06-09): Received WVOE. Exception cleared.


Seller Comment (2026-06-09): Comment from XXXX (XXXX): WVOE


Reviewer Comment (2026-05-28): Per FNMA, documents must be computer-generated or typed by the borrower's employer(s), although paystubs that the borrower downloads from the Internet are also acceptable. Documents must clearly identify the employer's name and source of information.


Seller Comment (2026-05-28): Comment from XXXX (XXXX): XXXX paystub ledger
06/09/2026     No 1 C A C A C A C A C A   TX Investment Purchase   D B C A B B D A N/A N/A No
XXXXX 4000131933 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - The HOA Verification document was missing for address XXXX       Reviewer Comment (2026-05-28): Received HOA Verification. Exception cleared.


Seller Comment (2026-05-28): Comment from XXXX (XXXX): HOA info and amount listed on page 1 for REO
05/28/2026     No 1 C A C A C A C A C A   TX Investment Purchase   D B C A B B D A N/A N/A No
XXXXX 4000131933 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.         Reviewer Comment (2026-05-28): Accepted as is.
    05/28/2026 No 2 B B B B B B B B B B   TX Investment Purchase   D B C A B B D A N/A N/A No
XXXXX 4000130598 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-01): Clearing based on review coming back within tolerances.
06/01/2026     No 1 C A C A C A C A C A   SC Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000129345 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The note is missing the signature block of the borrowing business entity. The note only reflects the individual signature line. The file is missing the LLC Rider establishing the connection between the individual and business.       Reviewer Comment (2026-05-28): Received, Clearing.


Seller Comment (2026-05-28): Comment from XXXX (XXXX): Please see LLC showing borrower authority to execute note.  Note is to individual as XXXX does not lend to entities.
05/28/2026     No 1 C A C A C A C A C A   MD Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000129345 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-02): Clearing based on review coming back within tolerances.
06/02/2026     No 1   A   A   A   A   A   MD Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000131030 XXXXX   XXXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal is missing. Sec ID: 1   Appraisal document is missing in file.       Reviewer Comment (2026-05-29): Received Appraisal. Exception cleared.


Seller Comment (2026-05-29): Comment from XXXX (XXXX): appraisal
05/29/2026     No 1 D A D A D A D A D A   CA Primary Refinance - Cash-out - Other   D B C B A B D A Non QM Non QM No
XXXXX 4000131030 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within XXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.       Reviewer Comment (2026-05-28): Accepted as is.
    05/28/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   D B C B A B D A Non QM Non QM No
XXXXX 4000131030 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.   Exception due to missing appraisal       Reviewer Comment (2026-06-02): Appraisal available in file. Exception cleared.


Seller Comment (2026-06-01): Comment from XXXX (XXXX): Appraisal was already provided
06/02/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   D B C B A B D A Non QM Non QM No
XXXXX 4000131030 XXXXX   XXXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2   Secondary valuation is missing.       Reviewer Comment (2026-06-02): Received UCDP Submission Summary Report. Exception cleared.


Seller Comment (2026-06-01): Comment from XXXX (XXXX): Fannie Mae SSR
06/02/2026     No 1   A   A   A   A   A   CA Primary Refinance - Cash-out - Other   D B C B A B D A Non QM Non QM No
XXXXX 4000131030 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-06-02): Accepted as is.
    06/02/2026 No 2   B   B   B   B   B   CA Primary Refinance - Cash-out - Other   D B C B A B D A Non QM Non QM No
XXXXX 4000129595 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - LOE for Intent to sell or Listing Agreement is missing for departure residence pending sale.       Reviewer Comment (2026-06-04): Received Appraisal report. Exception cleared.


Seller Comment (2026-06-04): Comment from XXXX (XXXX): see attached from our UW in file.
06/04/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000129595 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-05-28): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   CA Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
XXXXX 4000129439 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX)       Reviewer Comment (2026-05-28): Accepted as is.
    05/28/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129439 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Secondary/XXXX)       Reviewer Comment (2026-05-28): Accepted as is.
    05/28/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129439 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Originator Loan Designation of Non-QM does not match Due Diligence Loan Designation of ATR Fail.       Reviewer Comment (2026-05-28): Received the lease agreement for the REO property located at XXXX.. Exception cleared.


Seller Comment (2026-05-28): Comment from XXXX (XXXX): Hello, please see attached, thank you.
05/28/2026     No 1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
XXXXX 4000129439 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - REO 25% Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. Lease agreement is missing.       Reviewer Comment (2026-05-28): Received the lease agreement for the REO property located at XXXX.. Exception cleared.


Seller Comment (2026-05-28): Comment from XXXX (XXXX): Hello, please see attached, thank you.
05/28/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129439 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. General Ability-to-Repay requirements not satisfied.       Reviewer Comment (2026-05-28): Received the lease agreement for the REO property located at XXXX.. Exception cleared.
05/28/2026     No 1 A A A A A A A A A A   CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129439 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Lease Agreement document is missing in file for REO: XXXX.       Reviewer Comment (2026-05-28): Received the lease agreement for the REO property located at XXXX.. Exception cleared.


Seller Comment (2026-05-28): Comment from XXXX (XXXX): Hello, please see attached, thank you.
05/28/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129539 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. The appraisal was not provided to the borrower within 3 business days of the note date.       Reviewer Comment (2026-05-28): Accepted as is.
    05/28/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000126999 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower was awarded property on divorce decree; it is not a buyout as Borrower is not paying the ex-spouse. Anything from the property (per FNMA guides, this is allowed for the Rate/Term) and no cash is taken out. Only ex-spouse is on the Note; both parties are on title. Ex-spouse is on the Note. Both parties are on the title. Ex-spouse refinanced on XXXX. We have VOM monthly statements since then, fully executed. Closing Disclosure of the REFI. Asking for consideration of this documentation to satisfy the housing history on the subject property and for the loan to stay as Rate/Term based on FNMA guides. Also, income documents are assets. Lender exception approved. Compensating factors: strong FICO, low LTV, and DTI. Borrower has verified disposable income of at least $2500.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-05-28): Client elects to waive/regrade with compensating factors.
    05/28/2026 Yes 2 B B B B B B B B B B   KS Primary Refinance - Rate/Term   B B B B A A A A Non QM Non QM No
XXXXX 4000131033 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-05-28): Accepted as is.
    05/28/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000131033 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-05-28): Accepted as is.
    05/28/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000131048 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception in file to utilize private party VOR for rent verification. No Lease Agreement and pays landlord in cash. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC
Reviewer Comment (2026-05-29): Client elected to waive/regrade with compensating factors. Lender exception provided.
    05/29/2026 Yes 2 B B B B B B B B B B   FL Investment Refinance - Rate/Term   B B B B     A A   N/A No
XXXXX 4000131326 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The Note is missing the P&I payment amount.       Reviewer Comment (2026-06-01): ACH received reflecting P&I payment


Seller Comment (2026-06-01): Comment from XXXX (XXXX): N/A - note does not reflect P&I payment. Please see uploaded signed ACH form with monthly payment breakdowns.
06/01/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000130615 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Insurance verification and Mortgage statement are missing.       Reviewer Comment (2026-06-01): Received Letter of Explanation confirms that the property XXXX has no active lien and is owned free and clear. Hence it has no insurance. Exception cleared.


Seller Comment (2026-06-01): Comment from XXXX (XXXX): Satisfactory Mortgage & LOE free and clear attached.
06/01/2026     No 1 C A C A C A C A C A   FL Investment Purchase   D A D A A A A A Non QM N/A No
XXXXX 4000130615 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Insurance verification, lease agreement and tax verification are missing.       Reviewer Comment (2026-06-11): Insurance verification has been received. The lease agreement and tax verification are already available. Exception cleared.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): XXXX docs attached
06/11/2026     No 1 C A C A C A C A C A   FL Investment Purchase   D A D A A A A A Non QM N/A No
XXXXX 4000130615 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - ___ Insurance verification, Lease agreement and tax verification are missing.       Reviewer Comment (2026-06-10): Received Lease Agreement, Tax Verification and Mortgage statement confirms that the monthly P&I and Taxes & Insurances are Escrowed. Exception cleared.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): XXXX docs & LOE attached.
06/10/2026     No 1 C A C A C A C A C A   FL Investment Purchase   D A D A A A A A Non QM N/A No
XXXXX 4000130615 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Insurance verification, lease agreement.       Reviewer Comment (2026-06-11): Insurance verification has been received. The lease agreement and tax verification are already available. Exception cleared.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): XXXX docs & LOE attached
06/11/2026     No 1 C A C A C A C A C A   FL Investment Purchase   D A D A A A A A Non QM N/A No
XXXXX 4000130615 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Missing Articles of Organization.       Reviewer Comment (2026-06-10): Received Articles of Organization. Exception cleared.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): Articles of organization
06/10/2026     No 1 C A C A C A C A D A   FL Investment Purchase   D A D A A A A A Non QM N/A No
XXXXX 4000130615 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   EIN is missing.       Reviewer Comment (2026-06-11): Received, Clearing.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): EIN attached
06/11/2026     No 1 C A C A C A C A C A   FL Investment Purchase   D A D A A A A A Non QM N/A No
XXXXX 4000130689 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lease Agreement not provided for Apartment1.       Reviewer Comment (2026-06-01): Lease for Apt 1 received


Seller Comment (2026-06-01): Comment from XXXX (XXXX): All three leases
06/01/2026     No 1 C A C A C A C A C A   RI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000129376 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Originator Loan Designation of Non-QM does not match Due Diligence Loan Designation of ATR Fail.       Reviewer Comment (2026-05-29): 2 year average of 1099 used to qualify
05/29/2026     No 1 B A C A B A C A B A   DC Primary Purchase Lender to provide updated ATR/QM status C B B B C A A A Non QM Non QM Yes
XXXXX 4000129376 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Schedule C Ability to Repay (Dodd-Frank 2014): Unable to verify Sole Proprietorship income using reasonably reliable third-party records. Unable to verify Sole Proprietorship income using reasonably reliable third-party records. (XXXX)       Reviewer Comment (2026-05-29): 2 year average of 1099 used to qualify
05/29/2026     No 1 C A C A C A C A C A   DC Primary Purchase   C B B B C A A A Non QM Non QM No
XXXXX 4000129376 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Unable to determine ability to repay due to missing guidelines.       Reviewer Comment (2026-05-29): 2 year average of 1099 used to qualify
05/29/2026     No 1 A A A A A A A A A A   DC Primary Purchase   C B B B C A A A Non QM Non QM No
XXXXX 4000129376 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower filed 2025 taxes recently. No record found on 2025 transcripts. An exception is needed to allow a 24-month average or a 12-month 2024 average. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-05-29): Lender exception approved
    05/29/2026 Yes 2 B B B B B B B B B B   DC Primary Purchase   C B B B C A A A Non QM Non QM No
XXXXX 4000130281 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   The file did not contain an estimated cost to replace from insurer.  Calculations are based on XXXX% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods.  Coverage is insufficient by $XXXX       Reviewer Comment (2026-06-10): Received, Clearing.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): XXXX Statute Update: Recent changes have been made to Florida Statute XXXX and became effective XXXX
These changes make it illegal to request a Replacement Cost Estimator from the insurance agent. What this means is we cannot ask for the cost estimator (and agents are not allowed to provide it),


Reviewer Comment (2026-06-05): Hazard coverage of $XXXX Dwelling + replacement cost coverage) is sufficient to cover the mortgage amount of $XXXX, however is insufficient to cover the XXXX% estimated cost new of $XXXX Please provide a letter from the Insurer stating the maximum insurable amount and/or a replacement costs estimator from the insurer. Coverage shortfall is $XXXX. Required Replacement cost estimator. Exception remains.


Buyer Comment (2026-06-05): Comment from XXXX (XXXX): Hello, the HOI provided clearly shows the Dwelling coverage to be $XXXX which is higher than our Loan amount of $XXXX. Where is this $XXXX shortfall coming from?


Reviewer Comment (2026-06-03): There is coverage shortfall of $XXXX. Required replacement cost estimator to clear the exception. Exception remains.


Seller Comment (2026-06-02): Comment from XXXX (XXXX): Hello, please see attached HOI for dwelling coverage of $XXXX
06/10/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000130281 XXXXX   XXXXX     Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines. - Property is Tenant Occupied.  Lease agreement is missing.       Reviewer Comment (2026-06-05): Property is tenant occupied per appraisal.


Buyer Comment (2026-06-04): Comment from XXXX (XXXX): The rental amount needs to be blank on the final URLA as this is a DSCR loan and no income is to be on the URLA.

 I don't see XXXX has a requirement for the lease unless we are using the higher of what is reported on the appraisal.  XXXX used what was on the appraisal. Plus this is a no ratio DSCR loan so do not need meet a certain rental amount.

I did my own AI search below and confirms no lease is needed.  Please advise. Thank you
06/05/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000130226 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of Appraisal is not found in the file.       Reviewer Comment (2026-05-29): Accepted as is.
    05/29/2026 No 2 B B B B B B B B B B   TX Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000130226 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-02): Clearing based on review coming back within tolerances.
06/02/2026     No 1 C A C A C A C A C A   TX Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000130325 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant 3 business days prior to consummation.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130728 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-05-29): Accepted as is.
    05/29/2026 No 2 B B B B B B B B B B   VA Investment Purchase   B B A A B B A A N/A N/A No
XXXXX 4000130787 XXXXX   XXXXX     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 the file.       Reviewer Comment (2026-06-01): Received Title evidence. Exception cleared.


Seller Comment (2026-06-01): Comment from XXXX (XXXX): title uploaded
06/01/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000130646 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129078 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CO Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129078 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Have Escrow -  Initial Escrow Payment By All Parties TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX disclosed an Initial Escrow Payment that includes both borrower and non-borrower paid amounts. Final Closing Disclosure provided on XXXX disclosed an Initial Escrow Payment that includes both borrower and non-borrower paid amounts.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CO Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Non QM Yes
XXXXX 4000129078 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-02): XXXX Received Valid COC dated XXXX.


Buyer Comment (2026-06-01): Comment from XXXX (XXXX): The initial CD was a COC CD for a reduction in the Loan Amount and Lender Credit.
06/02/2026     No 1 C A C A C A C A C A   CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXXXX 4000129078 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX. $XXXX over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-02): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Seller Comment (2026-06-01): Comment from XXXX (XXXX): There is a tolerance cure on the Final CD for the $XXXX.  page 2 on the  bottom shows this information.
06/02/2026     No 1 C A C A C A C A C A   CO Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXXXX 4000129078 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Client:XXXX/XXXX)       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CO Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129078 XXXXX   XXXXX     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.   The preliminary title policy does not reflect a coverage amount (no final title policy in file).       Reviewer Comment (2026-06-01): Received, Clearing.


Seller Comment (2026-06-01): Comment from XXXX (XXXX): please see the  revised title commitment.
06/01/2026     No 1 C A C A C A C A C A   CO Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129078 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-02): Sufficient Cure Provided At Closing
  XXXXX   No 1   A   A   A   A   A   CO Primary Purchase Final CD evidences Cure C B C A C B A A Non QM Non QM Yes
XXXXX 4000129334 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX)       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   MN Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130478 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I   Note P&I of $XXXX does not match Calculated P&I of $XXXX because the loan is structured as an interest-only loan, however the interest only verbiage and/or I/O addendum is missing from the file       Reviewer Comment (2026-06-11): Received, Clearing.


Buyer Comment (2026-06-11): Comment from XXXX (XXXX): Note was corrected to add interest only verbiage. The interest only addendum should not be required.


Reviewer Comment (2026-06-10): We still need the I/O addendum


Seller Comment (2026-06-10): Comment from XXXX (XXXX): Attached is the correct interest only note. This has been sent via XXXX.
06/11/2026     No 1 C A C A C A C A C A   VA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130478 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Wire confirmation for gift funds of $XXXX was not found in file.       Reviewer Comment (2026-06-01): Received Wire confirmation. Exception cleared.


Seller Comment (2026-06-01): Comment from XXXX (XXXX): Wire receipt from Title for XXXX attached.
06/01/2026     No 1 C A C A C A C A C A   VA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130885 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129752 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-02): Clearing based on review coming back within tolerances.
06/02/2026     No 1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C B C B     A A   N/A No
XXXXX 4000129752 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. Title Policy Amount of $XXXX is less than the note amount of $XXXX based on the Commitment in file.       Reviewer Comment (2026-05-29): Accepted as is.
    05/29/2026 No 2 B B B B B B B B B B   PA Investment Refinance - Rate/Term   C B C B     A A   N/A No
XXXXX 4000130352 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-02): Clearing based on review coming back within tolerances.
06/02/2026     No 1 C A C A C A C A C A   MI Investment Purchase   C B C B     A A   N/A No
XXXXX 4000130352 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. Title Policy Amount of $XXXX is less than the note amount of $XXXX based on the Commitment in file.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   MI Investment Purchase   C B C B     A A   N/A No
XXXXX 4000129645 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-02): Clearing based on review coming back within tolerances.
06/02/2026     No 1 C A C A C A C A C A   CA Second Home Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000129645 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CA Second Home Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000128718 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   Verification of Non-US Citizen Status is missing.       Reviewer Comment (2026-06-09): Received Passport and 1003 Final confirm borrower is U.S. Citizen. Exception cleared.


Seller Comment (2026-06-08): Comment from XXXX (XXXX): Hello, Please see attached
06/09/2026     No 1 C A C A C A C A C A   MD Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000128903 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-02): Clearing based on review coming back within tolerances.
06/02/2026     No 1 C A C A C A C A C A   NJ Investment Purchase   C B C B B B A A N/A N/A No
XXXXX 4000128903 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Receipt of Appraisal is missing.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   NJ Investment Purchase   C B C B B B A A N/A N/A No
XXXXX 4000128903 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. Title Commitment amount is $XXXX. The Note amount is $XXXX.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   NJ Investment Purchase   C B C B B B A A N/A N/A No
XXXXX 4000128858 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of appraisal is missing.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   TX Primary Refinance - Rate/Term   C B B B C B A A Non QM Non QM No
XXXXX 4000128858 XXXXX   XXXXX     Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Security Instrument did not disclose that loan is a Texas Home Equity Loan) Texas Constitution Section 50(a)(6):  Texas Cash-out Loan.   Security instrument does not disclose that the loan is a TX Home Equity/50(a)(6) Loan. Security instrument is not on Texas 50(a).       Reviewer Comment (2026-06-16): Received closing disclosure dated XXXX reflecting no cash back to borrower


Seller Comment (2026-06-16): Comment from XXXX (XXXX): Hello, please see attached, thank you.


Reviewer Comment (2026-06-11): The current loan received cash back at closing which makes this a cash out transaction. A principal reduction post closing doesn't fix that the loan was a cash out when it closed.


Buyer Comment (2026-06-11): Comment from XXXX (XXXX): Hello, we wanted to clarify that the previous loan being paid off via the subject transaction was NOT a Texas Section 50(a)(6) loan. The loan paid off was a Purchase Money transaction. Therefore, the subject loan transaction is a true Rate/Term Refinance payoff. We are unsure as to why the Principal Reduction at time of PCCD is not allowed and why we would need to follow the TX Section 50(a)(6) guidelines? If you could please kindly provide us some detailed clarification, it would be very helpful for us in understanding the Exceptions issued. Thank you.


Reviewer Comment (2026-06-11): PCCD with a principal reduction cannot be used to take the loan out of TX Home Equity status after consummation.  Each violation must be cured individually (although some of the exceptions will use the same cure documents).  We located the Notice Concerning Extensions of Credit in file and cancelled the associated exception for this disclosure missing.  We also cancelled the exception for Texas Cash-out Evidence of Guaranty Surety as it was not valid.  I did set new exception for Texas Cash-out Unable to Determine Closing Location as reviewer had input a CD, but this does not indicate where the loan closing occurred.

 

Remediation is as follows:

Texas Cash-out Disclosure of Texas Home Equity Loan Test and Texas Cash-out Unable to Determine Closing Location: 

Refund or credit the borrower $XXXX and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.

 

Texas Cash-out Fair Market Acknowledgment:

(1) Deliver to the borrower the required disclosure documents with the correct value and obtain an executed copy.

If borrower does not return, THEN (2) refund or credit the borrower $XXXX and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.

 

Please note that for the missing XXXX, the lender can try to obtain a signed copy of the XXXX. But they can also cure using the same "catch all" cure that will cure the first two exceptions as well.  The same $XXXX refund would apply towards curing all 3 of the above exceptions.

 

Texas Cash-out Endorsements:

The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation. This is an EV2-B, however.  Also, this is only testing because the Texas 50(a)(6) Endorsement Testing deal setting


Seller Comment (2026-06-10): Comment from XXXX (XXXX): Hello, there was a Principal Reduction applied in the amount of $XXXX. Therefore, the Borrower did not receive any funds back from this transaction. Please kindly see the PCCD showing this amount on Pg.3. Please kindly see the Pay History as well as the Principal Reduction check received from title. Thank you.
06/16/2026     No 1 C A C A C A C A C A   TX Primary Refinance - Rate/Term Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B B B C B A A Non QM Non QM Yes
XXXXX 4000128858 XXXXX   XXXXX     Compliance Compliance State Compliance Misc. State Level (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) Texas Constitution Section 50(a)(6): Acceptable FNMA title insurance endorsements not obtained for home equity loan.  The loan file does not evidence the Title Policy includes the Texas T-42 endorsement or the T-42.1 endorsement. (The loan is a Texas Section 50 (a)(6) home equity loan.) Acceptable FNMA title insurance endorsements were not obtained for home equity loan. The loan file does not evidence the title policy includes the Texas T-42 endorsement or the T-42.1 endorsement. (The loan is a Texas Section 50(a)(6) home equity loan.)       Reviewer Comment (2026-06-24): Not applicable, loan is not XXXX


Reviewer Comment (2026-06-24): Reopened


Reviewer Comment (2026-06-01): Accepted as is.
06/24/2026     No 1 B A B A B A B A B A   TX Primary Refinance - Rate/Term The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation C B B B C B A A Non QM Non QM No
XXXXX 4000128858 XXXXX   XXXXX     Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Provided) Texas Constitution Section 50(a)(6): Borrower did not receive written "Acknowledgment of the Fair Market Value" of homestead property securing loan. Acknowledgment of the fair market value is missing.       Reviewer Comment (2026-06-16): Received closing disclosure dated XXXX reflecting no cash back to borrower


Seller Comment (2026-06-16): Comment from XXXX (XXXX): Hello, please see attached, thank you.


Reviewer Comment (2026-06-11): PCCD with a principal reduction cannot be used to take the loan out of TX Home Equity status after consummation.  Each violation must be cured individually (although some of the exceptions will use the same cure documents).  We located the Notice Concerning Extensions of Credit in file and cancelled the associated exception for this disclosure missing.  We also cancelled the exception for Texas Cash-out Evidence of Guaranty Surety as it was not valid.  I did set new exception for Texas Cash-out Unable to Determine Closing Location as reviewer had input a CD, but this does not indicate where the loan closing occurred.

 

Remediation is as follows:

Texas Cash-out Disclosure of Texas Home Equity Loan Test and Texas Cash-out Unable to Determine Closing Location: 

Refund or credit the borrower $XXXX and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.

 

Texas Cash-out Fair Market Acknowledgment:

(1) Deliver to the borrower the required disclosure documents with the correct value and obtain an executed copy.

If borrower does not return, THEN (2) refund or credit the borrower $XXXX and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.

 

Please note that for the missing XXXX, the lender can try to obtain a signed copy of the XXXX. But they can also cure using the same "catch all" cure that will cure the first two exceptions as well.  The same $XXXX refund would apply towards curing all 3 of the above exceptions.

 

Texas Cash-out Endorsements:

The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation. This is an EV2-B, however.  Also, this is only testing because the Texas 50(a)(6) Endorsement Testing deal setting


Seller Comment (2026-06-10): Comment from XXXX (XXXX): Hello, there was a Principal Reduction applied in the amount of $XXXX. Therefore, the Borrower did not receive any funds back from this transaction. Please kindly see the PCCD showing this amount on Pg.3. Please kindly see the Pay History as well as the Principal Reduction check received from title. Thank you.
06/16/2026     No 1 C A C A C A C A C A   TX Primary Refinance - Rate/Term To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.  Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. C B B B C B A A Non QM Non QM Yes
XXXXX 4000128858 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. Title policy coverage is $XXXX. The note amount is $XXXX.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   TX Primary Refinance - Rate/Term   C B B B C B A A Non QM Non QM No
XXXXX 4000128858 XXXXX   XXXXX     Compliance Compliance State Compliance State Defect (TX50(a)(6)) Texas Cash-out Loan  (Loan Not Closed At Office of Lender, Attorney, or Title Company) Texas Constitution Section 50(a)(6):  Unable to determine if loan was closed at an authorized location due to missing documentation.         Reviewer Comment (2026-06-24): Not applicable, loan is not XXXX


Reviewer Comment (2026-06-24): Reopened


Reviewer Comment (2026-06-11): Accepted as is.
06/24/2026     No 1   A   A   A   A   A   TX Primary Refinance - Rate/Term Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. C B B B C B A A Non QM Non QM Yes
XXXXX 4000128858 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Missing invoice showing appraisal fee of $XXXX was paid outside of closing       Reviewer Comment (2026-06-17): Received invoice for appraisal POC


Reviewer Comment (2026-06-17): EXCEPTION HISTORY - Exception Explanation was updated on XXXXPRIOR Exception Explanation: Documented qualifying Assets for Closing of  $XXXX is less than Cash From Borrower $XXXX.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/17/2026     No 1   A   A   A   A   A   TX Primary Refinance - Rate/Term   C B B B C B A A Non QM Non QM No
XXXXX 4000130608 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Legal Description not provided           Reviewer Comment (2026-06-04): Received Legal Description. Exception cleared.


Seller Comment (2026-06-03): Comment from XXXX (XXXX): legal description
06/04/2026     No 1 C A C A C A C A C A   CT Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000130613 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating Agreement provided for XXXX was not executed.       Reviewer Comment (2026-06-08): Cleared- executed operating agreement provided.


Seller Comment (2026-06-08): Comment from XXXX(XXXX): see attached
06/08/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000130206 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   MA Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
XXXXX 4000130629 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-03): Clearing based on review coming back within tolerances.
06/03/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000130629 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating Agreement provided for XXXX was not executed.       Reviewer Comment (2026-06-08): Operating Agreement provided. Cleared.


Seller Comment (2026-06-08): Comment from XXXX (XXXX): fully executed operating agreement
06/08/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000129438 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file).       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   B B B B B B A A Non QM Non QM No
XXXXX 4000129438 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   B B B B B B A A Non QM Non QM No
XXXXX 4000130634 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file).       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000131130 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. The verification appraisal delivered to the borrower was not provided.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000131130 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file).       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000129089 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Title Commitment or Preliminary title policy amount is blank.       Reviewer Comment (2026-06-02): Accepted as is.
    06/02/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000129089 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX)       Reviewer Comment (2026-06-02): Accepted as is.
    06/02/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000130037 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. The verification appraisal delivered to the borrower was not provided.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129558 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   GA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129558 XXXXX   XXXXX     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application. ARM loan program disclosure not provided to the borrower within three (3) days of application.       Reviewer Comment (2026-06-02): Received, Clearing.


Seller Comment (2026-06-02): Comment from XXXX (XXXX): ARM disclosure
06/02/2026     No 1 C A C A C A C A C A   GA Primary Purchase No Defined Cure C B C A C B A A Non QM Non QM No
XXXXX 4000129558 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan does not meet one or more guideline components which could impact the borrower's ability to repay.       Reviewer Comment (2026-06-02): Received updated 1003. Exception cleared.
06/02/2026     No 1 C A C A C A C A C A   GA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129558 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Donor Check not provided   Missing evidence of gift donor withdrawal.       Reviewer Comment (2026-06-02): Received updated 1003. Exception cleared.


Seller Comment (2026-06-02): Comment from XXXX (XXXX): updated 1003 with bank transaction uploaded no gift funds
06/02/2026     No 1 C A C A C A C A C A   GA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129558 XXXXX   XXXXX     Credit Asset Asset Documentation Asset Missing Document: Gift Letter not provided   Missing gift letter for gift in the amount of $XXXX.       Reviewer Comment (2026-06-02): Received updated 1003 with no Gift funds. Exception cleared.
06/02/2026     No 1 C A C A C A C A C A   GA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129558 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Due to missing gift letter, receipt and donor ability for $XXXX gift       Reviewer Comment (2026-06-02): Received updated 1003 with no Gift funds. Exception cleared.
06/02/2026     No 1 B A C A B A C A B A   GA Primary Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
XXXXX 4000129558 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Assets Ability to Repay (Dodd-Frank 2014): Unable to verify assets using reasonably reliable third-party records. Due to missing gift letter, receipt and donor ability for $XXXX gift       Reviewer Comment (2026-06-02): Received updated 1003 with no Gift funds. Exception cleared.
06/02/2026     No 1 C A C A C A C A C A   GA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129558 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Due to missing gift letter, receipt and donor ability for $XXXX gift       Reviewer Comment (2026-06-02): Received updated 1003 with no Gift funds. Exception cleared.
06/02/2026     No 1 A A A A A A A A A A   GA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000130461 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $XXXX is less than the note amount of $XXXX based on the Commitment in file.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   ME Investment Purchase   C B C B     A A   N/A No
XXXXX 4000130461 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard coverage of $XXXX is sufficient to cover the mortgage amount of $XXXX; however, the appraiser did not provide an estimated cost new. Please provide a letter from the Insurer stating the maximum insurable amount and/or a replacement cost estimator from the insurer. Coverage shortfall based on XXXX% of the appraised value is $XXXX.       Reviewer Comment (2026-06-02): Received, Clearing.


Seller Comment (2026-06-02): Comment from XXXX (XXXX): Please see attached RCE.
06/02/2026     No 1 C A C A C A C A C A   ME Investment Purchase   C B C B     A A   N/A No
XXXXX 4000131464 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary Title Policy does not list coverage amount.       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
XXXXX 4000131004 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-03): Clearing based on review coming back within tolerances.
06/03/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000128697 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Missing the operating agreement for XXXX       Reviewer Comment (2026-06-04): Received Evidence of Access to Funds. Exception cleared.


Seller Comment (2026-06-03): Comment from XXXX (XXXX): Please see attached business license search as borrowers are owners
06/04/2026     No 1 C A C A C A C A C A   WA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000131265 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file).       Reviewer Comment (2026-06-01): Accepted as is.
    06/01/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000129201 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Originator Loan Designation of Non-QM does not match Due Diligence Loan Designation of ATR Fail.       Reviewer Comment (2026-06-17): Schedule C income removed from qualification


Seller Comment (2026-06-17): Comment from XXXX (XXXX): See attached updated 1003/1008 removing income


Reviewer Comment (2026-06-09): Designation mismatch due to missing third party verification of employment for borrower schedule C income. Please provide verification of employment.


Buyer Comment (2026-06-08): Comment from XXXX (XXXX): Please restate the loan to match the current loan designation
06/17/2026     No 1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM status C B C B C A A A Non QM Non QM Yes
XXXXX 4000129201 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Schedule C Test Ability-to-Repay (Dodd-Frank 2014): Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. (XXXXX XXXX Consulting/Schedule C)       Reviewer Comment (2026-06-17): Schedule C income removed from qualification


Seller Comment (2026-06-17): Comment from XXXX (XXXX): See attached updated 1003/1008 removing income
06/17/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
XXXXX 4000129201 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. General Ability-to-Repay requirements were not satisfied.       Reviewer Comment (2026-06-17): Schedule C income removed from qualification
06/17/2026     No 1 A A A A A A A A A A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
XXXXX 4000129201 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Title Commitment or Preliminary Title Policy amount is blank.       Reviewer Comment (2026-06-02): Accepted as is.
    06/02/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B C A A A Non QM Non QM No
XXXXX 4000129201 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Mortgage statement is missing for 2nd lien Bridge Loan listed on 1003 for Departure Residence Pending Sale.       Reviewer Comment (2026-06-09): Received Note document confirms the P&I amount for 2nd lien. Exception cleared.


Seller Comment (2026-06-08): Comment from XXXX (XXXX): attached
06/09/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C A A A Non QM Non QM No
XXXXX 4000129869 XXXXX   XXXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Issue:  Subject loan is a non-arms length transaction  outside of credit guidelines   The borrower is the builder of the subject property Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2026-07-15): Client elects to waive with compensating factors


Reviewer Comment (2026-07-14): The exception doesn't cover the borrower being the builder.


Seller Comment (2026-07-14): Comment from XXXX (XXXX): Please see approved exception form.
    07/15/2026 Yes 2   B   B   B   B   B   ID Investment Refinance - Rate/Term   A B A B     A A   N/A No
XXXXX 4000129869 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower(s) must have a history of owning and managing commercial or income producing residential real estate properties for at least twelve (12) months over the last five (5) years. Lender exception approval in the file but missing client approval Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2026-07-14): Received, the client exception.


Seller Comment (2026-07-14): Comment from XXXX (XXXX): Please see attached approved exception form
    07/14/2026 Yes 2   B   B   B   B   B   ID Investment Refinance - Rate/Term   A B A B     A A   N/A No
XXXXX 4000130504 XXXXX   XXXXX     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.       Reviewer Comment (2026-06-04): Policy page 5 of 31 indicates 12 months of fair rental value


Reviewer Comment (2026-06-02): Policy doesn't list rent loss insurance on it and amount of coverage.


Seller Comment (2026-06-02): Comment from XXXX (XXXX): Insurance Policy
06/04/2026     No 1 C A C A C A C A C A   OH Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130735 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-03): Clearing based on review coming back within tolerances.
06/03/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000130969 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-03): Clearing based on review coming back within tolerances.
06/03/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000128801 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-02): Accepted as is.
    06/02/2026 No 2 B B B B B B B B B B   WI Second Home Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129580 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Receipt of Appraisal is missing.       Reviewer Comment (2026-06-02): Accepted as is.
    06/02/2026 No 2 B B B B B B B B B B   NY Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129866 XXXXX   XXXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Issue:  Subject loan is a non-arms length transaction  outside of credit guidelines   The borrower is the builder of the subject property Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2026-07-15): Client elects to waive with compensating factors


Reviewer Comment (2026-07-14): The exception provided doesn't cover the borrower being the builder.


Seller Comment (2026-07-14): Comment from XXXX (XXXX): Please see attached approved exception form
    07/15/2026 Yes 2   B   B   B   B   B   ID Investment Refinance - Rate/Term   A B A B     A A   N/A No
XXXXX 4000129866 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower(s) must have a history of owning and managing commercial or income producing residential real estate properties for at least twelve (12) months over the last five (5) years. Lender exception approval in the file but missing client approval Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2026-07-14): .


Reviewer Comment (2026-07-14): Received, the client exception.


Seller Comment (2026-07-14): Comment from XXXX (XXXX): Please see approved exception form
    07/14/2026 Yes 2   B   B   B   B   B   ID Investment Refinance - Rate/Term   A B A B     A A   N/A No
XXXXX 4000130819 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Donor Check not provided   Donor Check is missing for gift amount $XXXX       Reviewer Comment (2026-06-03): Received evidence of gift wire


Seller Comment (2026-06-03): Comment from XXXX (XXXX): Wire Receipt
06/03/2026     No 1 C A C A C A C A C A   MD Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000130819 XXXXX   XXXXX     Compliance Compliance State Compliance Misc. State Level Maryland Counseling Agencies Disclosure Not in File Maryland HB1399 - No evidence of required counseling disclosure language per Maryland HB 1399.         Reviewer Comment (2026-06-02): Accepted as is.
    06/02/2026 No 2 B B B B B B B B B B   MD Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000130819 XXXXX   XXXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing.   The policy effective date is XXXX, however the note date is XXXX       Reviewer Comment (2026-06-03): Received hazard binder


Seller Comment (2026-06-03): Comment from XXXX (XXXX): dec page
06/03/2026     No 1 C A C A C A C A C A   MD Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000130819 XXXXX   XXXXX     Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided   Received hazard insurance quote, however actual insurance policy is missing from the file       Reviewer Comment (2026-06-03): Received hazard binder


Seller Comment (2026-06-03): Comment from XXXX (XXXX): Dec Page
06/03/2026     No 1 C A C A C A C A C A   MD Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000131466 XXXXX   XXXXX     Credit Business Purpose General Business Purpose Missing Document: Spousal Consent not provided. -         Reviewer Comment (2026-06-04): Spousal Consent not required. Exception cleared.


Seller Comment (2026-06-04): Comment from XXXX (XXXX): XXXX please see attached of Preliminary Title commitment showing spouse was not listed with deed
06/04/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000128542 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for TX Guaranty Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for TX Guaranty Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX.       Reviewer Comment (2026-06-08): XXXX Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Seller Comment (2026-06-05): Comment from XXXX (XXXX): Copy of Check Cure 2.00 PCCD and LOE to the borrower
  XXXXX   No 2 C B C B C B C B C B   TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000131179 XXXXX   XXXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. - Appraisal was made subject to and 442 is not in images.       Reviewer Comment (2026-06-16): Received 442 - Certificate of Completion. Exception cleared.


Seller Comment (2026-06-16): Comment from XXXX (XXXX): XXXX: Please see attached.
06/16/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A A A     C A   N/A No
XXXXX 4000129629 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided   Fraud Report is missing.       Reviewer Comment (2026-06-05): Received Fraud Report. Exception cleared.


Seller Comment (2026-06-05): Comment from XXXX (XXXX): Please see attached fraud report.
06/05/2026     No 1 C A C A C A C A C A   NJ Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000127663 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   12 Month bank statement loan with less than 2 years of existence of business . Borrower has verified disposable income of at least $2500.00.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.
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Reviewer Comment (2026-06-02): Client elected to waive/regrade with compensating factors. Lender exception provided.
    06/02/2026 Yes 2 B B B B B B B B B B   ID Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000130824 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $XXXX is less than the note amount of $XXXX based on the Commitment in file.       Reviewer Comment (2026-06-02): Accepted as is.
    06/02/2026 No 2 B B B B B B B B B B   MD Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
XXXXX 4000130906 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-02): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   MI Primary Purchase Final CD evidences Cure C A C A C A A A Non QM Non QM Yes
XXXXX 4000130906 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - VOE within 10 days of closing and internet search were not found in the file. An internet search of the business and verification of business existence and that the business is fully operational/active required within ten (10) calendar days of closing.       Reviewer Comment (2026-06-03): Received VVOE. Exception cleared.


Seller Comment (2026-06-03): Comment from XXXX (XXXX): VVOE
06/03/2026     No 1 C A C A C A C A C A   MI Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000130906 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. VOE within 10 days of closing and internet search were not found in the file. An internet search of the business and verification of business existence and that the business is fully operational/active required within ten (10) calendar days of closing.       Reviewer Comment (2026-06-03): Received VVOE. Exception cleared.


Seller Comment (2026-06-03): Comment from XXXX (XXXX): VVOE
06/03/2026     No 1 B A C A B A C A B A   MI Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
XXXXX 4000130906 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. VOE within 10 days of closing and internet search were not found in the file. An internet search of the business and verification of business existence and that the business is fully operational/active required within ten (10) calendar days of closing.       Reviewer Comment (2026-06-03): Received VVOE. Exception cleared.


Seller Comment (2026-06-03): Comment from XXXX (XXXX): VVOE
06/03/2026     No 1 C A C A C A C A C A   MI Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000130751 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-06-02): Accepted as is.
    06/02/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000130751 XXXXX   XXXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy effective date is after the funds disbursed.   Wet State. Effective date for HOI is after date of disbursement.       Reviewer Comment (2026-06-11): Received, Clearing.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/11/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000130751 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. -         Reviewer Comment (2026-06-11): Received, Clearing.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/11/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000130751 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2026-06-11): Received, Clearing.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/11/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000129774 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. (Type:Primary/XXXX)       Reviewer Comment (2026-06-03): Accepted as is.
    06/03/2026 No 2 B B B B B B B B B B   NY Primary Purchase   B B A A B B A A Non QM Exempt from ATR No
XXXXX 4000129774 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt. QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule. TILA loan designation remains ATR Exempt.       Reviewer Comment (2026-06-03): Accepted as is.
    06/03/2026 No 2 A A A A A A A A A A   NY Primary Purchase   B B A A B B A A Non QM Exempt from ATR No
XXXXX 4000129007 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Secondary/XXXX)       Reviewer Comment (2026-06-03): Accepted as is.
    06/03/2026 No 2 B B B B B B B B B B   TX Primary Refinance - Rate/Term   C B A A C B B B Non QM Non QM No
XXXXX 4000129007 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-15): XXXX Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.
  XXXXX   No 2 C B C B C B C B C B   TX Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B B B Non QM Non QM Yes
XXXXX 4000129007 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Field Review Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-15): XXXX Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.
  XXXXX   No 2 C B C B C B C B C B   TX Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B B B Non QM Non QM Yes
XXXXX 4000129007 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-15): XXXX Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Seller Comment (2026-06-11): Comment from XXXX (XXXX): PLEASE SEE FED EX TRACKING INFO FOR HTE  REFUND TO BORROWER


Reviewer Comment (2026-06-10): XXXX received PCCD, LOE, Refund Check and Proof of Mailing.    XXXX tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure.


Seller Comment (2026-06-09): Comment from XXXX (XXXX): please review the  following attachments.
  XXXXX   No 2 C B C B C B C B C B   TX Primary Refinance - Rate/Term Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B B B Non QM Non QM Yes
XXXXX 4000129007 XXXXX   XXXXX     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form Notice of Right to Cancel Missing Truth in Lending Act: Notice of Right to Cancel was not provided. Truth in Lending Act: Notice of Right to Cancel was not provided.       Reviewer Comment (2026-06-03): Construction loan per title. Not subject to RTC


Buyer Comment (2026-06-03): Comment from XXXX (XXXX): **This is a construction loan, not subject to rescission
06/03/2026     No 1 C A C A C A C A C A   TX Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B A A C B B B Non QM Non QM Yes
XXXXX 4000129007 XXXXX   XXXXX     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: ___         Reviewer Comment (2026-06-03): Accepted as is.
    06/03/2026 No 2 A A A A A A A A B B   TX Primary Refinance - Rate/Term   C B A A C B B B Non QM Non QM No
XXXXX 4000129079 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-04): Cleared based on review coming back within tolerances
06/04/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
XXXXX 4000129079 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-03): Accepted as is.
    06/03/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
XXXXX 4000129079 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-03): Accepted as is.
    06/03/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   C B C A B B A A Non QM Non QM No
XXXXX 4000130324 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX $XXXX over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-02): Cured at closing or within 60 days of consummation prior to TPR review
  XXXXX   No 2 C B C B C B C B C B   TN Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000130324 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX. $XXXX over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-05): XXXX Received Valid COC dated XXXX.


Seller Comment (2026-06-03): Comment from XXXX (XXXX): Coc
06/05/2026     No 1 C A C A C A C A C A   TN Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000130324 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-05): Sufficient Cure Provided At Closing
  XXXXX   No 1   A   A   A   A   A   TN Second Home Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
XXXXX 4000130534 XXXXX   XXXXX     Credit Note General Note This loan has matured. Maturity Date: ___ Provided Note is illegible. Please resubmit a legible copy.       Reviewer Comment (2026-06-05): Legible copy of Note provided. Cleared


Seller Comment (2026-06-05): Comment from XXXX (XXXX): Copy of Note
06/05/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000128911 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Evidence of Access to Funds is missing.       Reviewer Comment (2026-06-04): Received evidence borrower is 100% owner of business


Seller Comment (2026-06-04): Comment from XXXX (XXXX): Evidence of Access to Funds - LLC Dox
06/04/2026     No 1 C A C A C A C A C A   LA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000131663 XXXXX   XXXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2026-06-15): Received CDA. Exception cleared.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): XXXX
06/15/2026     No 1 D A D A D A D A D A   LA Investment Refinance - Rate/Term   D A A A     D A   N/A No
XXXXX 4000130068 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Rider - Prepayment not provided   Rider-Prepayment not provided as listed on Security Instrument.       Reviewer Comment (2026-06-09): Received Rider - Prepayment. Exception cleared.


Seller Comment (2026-06-09): Comment from XXXX (XXXX): XXXX Please see attached Prepayment Penalty Rider
06/09/2026     No 1 C A C A C A C A C A   OH Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000130436 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-04): Cleared based on review coming back within tolerances
06/04/2026     No 1 C A C A C A C A C A   CA Investment Purchase   D A D A     A A   N/A No
XXXXX 4000130436 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided   Security Instrument - Subject Lien is missing.       Reviewer Comment (2026-06-05): Received Security Instrument. Exception cleared.


Seller Comment (2026-06-04): Comment from XXXX (XXXX): XXXX: Please see the attached //
06/05/2026     No 1 D A D A D A D A D A   CA Investment Purchase   D A D A     A A   N/A No
XXXXX 4000130436 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided   Rider - 1-4 Family missing in the file.       Reviewer Comment (2026-06-08): Received  Rider - 1-4 Family. Exception cleared.


Seller Comment (2026-06-08): Comment from XXXX (XXXX): XXXX: please see the attached signed 1-4 family rider for the subject property.
06/08/2026     No 1   A   A   A   A   A   CA Investment Purchase   D A D A     A A   N/A No
XXXXX 4000129826 XXXXX   XXXXX     Credit Property - Appraisal General Appraisal Requirements Property - Appraisal Subject is a refinance and property is listed for sale.   Property has been listed for sale in the last 6 months. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2026-06-03): Client elected to waive/regrade with compensating factors. Lender exception provided.
    06/03/2026 Yes 2 B B B B B B B B B B   GA Investment Refinance - Rate/Term   B B B B     A A   N/A No
XXXXX 4000131104 XXXXX   XXXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2   A valid UCDP Score was not provided. Secondary Valuation required.       Reviewer Comment (2026-06-12): Received, Clearing.


Seller Comment (2026-06-12): Comment from XXXX (XXXX): CDA
06/12/2026     No 1 D A D A D A D A D A   NC Investment Purchase   D A A A     D A   N/A No
XXXXX 4000130179 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Please provide the copy of Operating Agreement for XXXX       Reviewer Comment (2026-06-05): Received Operating Agreement for XXXX. Exception cleared.


Seller Comment (2026-06-05): Comment from XXXX (XXXX): Please See Attached
06/05/2026     No 1 C A C A C A C A C A   MN Investment Purchase   C A C A     A A   N/A No
XXXXX 4000128147 XXXXX   XXXXX     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 the file.       Reviewer Comment (2026-06-05): Associated Certificate of Good Standing. Exception cleared.


Seller Comment (2026-06-05): Comment from XXXX (XXXX): see attached
06/05/2026     No 1 C A C A C A C A C A   CT Investment Purchase   C A C A     A A   N/A No
XXXXX 4000128147 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating Agreement was not found in the file.       Reviewer Comment (2026-06-08): Received Operating Agreement. Excepin cleared.


Seller Comment (2026-06-08): Comment from XXXX (XXXX): see attaced
06/08/2026     No 1 C A C A C A C A C A   CT Investment Purchase   C A C A     A A   N/A No
XXXXX 4000128147 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided           Reviewer Comment (2026-06-05): Received Prepayment Note Addendum. Exception cleared.


Seller Comment (2026-06-05): Comment from XXXX (XXXX): see attached
06/05/2026     No 1 C A C A C A C A C A   CT Investment Purchase   C A C A     A A   N/A Yes
XXXXX 4000132706 XXXXX   XXXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-Sign Agreement was not found in the file.       Reviewer Comment (2026-06-05): Received E-Sign Consent Agreement. Exception cleared.


Seller Comment (2026-06-05): Comment from XXXX (XXXX): disclosure tracking showing econsent
06/05/2026     No 1 C A C A C A C A C A   CA Second Home Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000129143 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-04): Cleared based on review coming back within tolerances
06/04/2026     No 1 C A C A C A C A C A   MS Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129143 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Verification of Identification not provided   Please provide driver's license for borrower XXXXX XXXX.       Reviewer Comment (2026-06-05): Received Patriot Act Customer Identification. Exception cleared.


Seller Comment (2026-06-04): Comment from XXXX(XXXX): Patriot Act Disclosure
06/05/2026     No 1 C A C A C A C A C A   MS Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130430 XXXXX   XXXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of XXXX% or Final Disclosure APR of XXXX% is equal to or greater than the threshold of APOR XXXX% + XXXX%, or XXXX%.  Non-Compliant Higher Priced Mortgage Loan. APR on subject loan of XXXX% or Final Disclosure APR of XXXX% is equal to or greater than the threshold of APOR XXXX% + XXXX%, or XXXX%. Non-Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2026-06-17): Received, Clearing.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): Clarification on Compliance Condition attached
06/17/2026     No 1 C A C A C A C A C A   TX Primary Purchase   C A A A C A A A Non QM Non QM No
XXXXX 4000130430 XXXXX   XXXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-17): Received, Clearing.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): Appraisal Delivery was already provided but we have uploaded again see attached.


Reviewer Comment (2026-06-16): Reopened


Reviewer Comment (2026-06-05): Based on 3-day mailing rule, exception remains.


Seller Comment (2026-06-05): Comment from XXXX (XXXX): Appraisal delivery
06/17/2026     No 1 C A C A C A C A C A   TX Primary Purchase   C A A A C A A A Non QM Non QM No
XXXXX 4000130286 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129850 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of appraisal was not found in the file.       Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B B B A A Non QM Non QM No
XXXXX 4000129850 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   Permanent resident alien card provided is expired       Reviewer Comment (2026-06-09): Received an I-797 form (Notice of Action) with valid extension dates. Exception cleared.


Seller Comment (2026-06-09): Comment from XXXX (XXXX): Hello, we believe we have already provided sufficient documentation, which would be the green card, I-551 which is on the green card back side and the Form I-797 that states that the Borrower has lawful permanent resident status for 26 months from the expiration date on the front of your Permanent Resident Card. Please see attached one more time, thank you.
06/09/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B B B A A Non QM Non QM No
XXXXX 4000129850 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file).       Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B B B A A Non QM Non QM No
XXXXX 4000131325 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-05): Cleared based on review coming back within tolerances
06/05/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000131325 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
Preliminary Title Report does not list coverage amount.       Reviewer Comment (2026-06-05): Client elects to waive


Seller Comment (2026-06-05): Comment from XXXX (XXXX): Please see uploaded title supplemental report.
    06/05/2026 No 2 B B B B B B B B B B   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000132763 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary title policy is within XXXX does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.       Reviewer Comment (2026-06-04): Client elects to waive
    06/04/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000131045 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower, but was not provided.       Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000128231 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-04): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   CO Second Home Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000130729 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129212 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.   The subject property is located in a FEMA disaster area. A post disaster inspection verifying there was no damage to the subject property is required.       Reviewer Comment (2026-06-12): Received, Clearing.


Seller Comment (2026-06-12): Comment from XXXX (XXXX): Disaster Inspection attached
06/12/2026     No 1 C A C A C A C A C A   FL Investment Purchase   D A C A     D A   N/A No
XXXXX 4000129212 XXXXX   XXXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal is missing. Sec ID: 1   Appraisal is missing.       Reviewer Comment (2026-06-15): Received Appraisal. Exception cleared.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): appraisal attached


Reviewer Comment (2026-06-12): Appraisal report provided is missing most pages. Please resubmit. Exception remains.


Buyer Comment (2026-06-12): Comment from XXXX (XXXX): Disaster Inspection has been uploaded. Please advise if you're looking for something else
06/15/2026     No 1 D A D A D A D A D A   FL Investment Purchase   D A C A     D A   N/A No
XXXXX 4000130803 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XXXX,  Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX. 2025 tax return extensions are in the file       Reviewer Comment (2026-06-04): Client elects to waive
    06/04/2026 No 2 B B B B B B B B B B   ID Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130803 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XXXX,  Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX. 2025 tax return extensions are in the file       Reviewer Comment (2026-06-04): Client elects to waive
    06/04/2026 No 2 B B B B B B B B B B   ID Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130803 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of Appraisal is missing.       Reviewer Comment (2026-06-04): Client elects to waive
    06/04/2026 No 2 B B B B B B B B B B   ID Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000131465 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $XXXX is less than the note amount of $XXXX based on the Commitment in file.       Reviewer Comment (2026-06-04): Client elects to waive
    06/04/2026 No 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
XXXXX 4000131465 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Guidelines state properties listed for sale (within 6 months) are not eligible for refinance. Borrower withdrew the listing. Subject is currently leased through XXXX. Approved with -.XXXX LPA, XXXX% LTV, XXXX FICO, XXXX DSCR, 6 months reserves. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.
  SitusAMC

SitusAMC
Reviewer Comment (2026-06-04): Lender exception approved
    06/04/2026 Yes 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
XXXXX 4000130131 XXXXX   XXXXX     Credit Insurance Insurance Documentation Insurance Hazard Insurance Error: Missing HO-6 policy, blanket hazard insurance policy provided does not contain unit interior coverage.   Blanket Coverage is provided, however the policy does not indicate walls in coverage.  Provide H06 policy or blanket policy reflecting walls in coverage.       Reviewer Comment (2026-06-08): Walls In Coverage included. Clearing.


Seller Comment (2026-06-08): Comment from XXXX (XXXX): uploaded master policy which includes walls...The borrower did not move forward with his own policy as the master included walls in and betterments- per the credit UW, we couldn't include this in the loan.....Per the LO, the borrower decided not to move forward with his own policy
06/08/2026     No 1 C A C A C A C A C A   WA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129933 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX)       Reviewer Comment (2026-06-04): Client elects to waive
    06/04/2026 No 2 B B B B B B B B B B   TX Primary Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000129933 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-08): Final CD captured
06/08/2026     No 1 C A C A C A C A C A   TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000129933 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. TILA-RESPA Integrated Disclosure: The Seller's final Closing Disclosure total seller paid fee amounts do not match the values used for compliance testing. (Final/XXXX)       Reviewer Comment (2026-06-08): Final CD captured
06/08/2026     No 1 A A A A A A A A A A   TX Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXXXX 4000129933 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Recording fee increased from $XXXX to $XXXX without a valid COC on file and no cure provided       Reviewer Comment (2026-06-10): XXXX Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.


Seller Comment (2026-06-08): Comment from XXXX (XXXX): attached LOE PCCD $XXXX refund check XXXX label
  XXXXX   No 2 C B C B C B C B C B   TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000129573 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $XXXX is less than the note amount of $XXXX based on the Commitment in file.       Reviewer Comment (2026-06-04): Client elects to waive
    06/04/2026 No 2 B B B B B B B B B B   OK Investment Purchase   B B B B     A A   N/A No
XXXXX 4000129335 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Receipt of Appraisal is missing.       Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   MN Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
XXXXX 4000129240 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-04): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   FL Primary Purchase Final CD evidences Cure C A A A C A A A Non QM Non QM Yes
XXXXX 4000129240 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail.       Reviewer Comment (2026-06-05): Received CPA letter


Seller Comment (2026-06-05): Comment from XXXX (XXXX): XXXX: Please see attached.
06/05/2026     No 1 B A C A B A C A B A   FL Primary Purchase Lender to provide updated ATR/QM status C A A A C A A A Non QM Non QM Yes
XXXXX 4000129240 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - Bank Statements Ability-to-Repay (Dodd-Frank 2014): Unable to verify current employment status using reasonably reliable third-party records. Missing Third Party Verification or CPA Letter for this income source.       Reviewer Comment (2026-06-05): Received CPA letter


Seller Comment (2026-06-05): Comment from XXXX (XXXX): XXXX: Please see attached.
06/05/2026     No 1 C A C A C A C A C A   FL Primary Purchase   C A A A C A A A Non QM Non QM No
XXXXX 4000129240 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. General Ability-to-Repay requirements were not satisfied.       Reviewer Comment (2026-06-05): Received CPA letter
06/05/2026     No 1 A A A A A A A A A A   FL Primary Purchase   C A A A C A A A Non QM Non QM No
XXXXX 4000131176 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-05): Cleared based on review coming back within tolerances
06/05/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
XXXXX 4000131176 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of Appraisal is missing.       Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
XXXXX 4000131176 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
Preliminary Title Report does not list coverage amount.       Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   C B C B B B A A Non QM Non QM No
XXXXX 4000129812 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Electronic Document Delivery Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-04): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   MI Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000128729 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-04): Cleared based on review coming back within tolerances
06/04/2026     No 1 C A C A C A C A C A   AZ Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130401 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   TX Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130108 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements.       Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   VA Primary Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000130108 XXXXX   XXXXX     Compliance Compliance Federal Compliance Compliance Buydown Subsidy Collected Greater Than Buydown Terms - Buydown Terms Not Considered Total Buydown Amount collected on HUD/CD $XXXX does not match Buydown Subsidy of $XXXX required per terms of Buydown Agreement Payment Schedule.  Refund/credit of overage may be required to meet terms of buydown agreement.  Any discrepancy may impact validity of compliance points and fees findings. Total Buydown Amount collected on HUD/Closing Disclosure $XXXX does not match Buydown Subsidy of $XXXX required per terms of Buydown Agreement Payment Schedule. Refund/credit of overage may be required to meet terms of buydown agreement. Any discrepancy may impact validity of compliance points and fees findings.       Reviewer Comment (2026-06-08): Updated final closing disclosure provided


Seller Comment (2026-06-08): Comment from XXXX (XXXX): final cd with correct buydown
06/08/2026     No 1 C A C A C A C A C A   VA Primary Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000130108 XXXXX   XXXXX     Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower. Initial escrow account statement was not provided to the borrower.       Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   VA Primary Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000130108 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. Seller's final Closing Disclosure total seller paid fee amounts do not match the values used for compliance testing.       Reviewer Comment (2026-06-08): Updated final closing disclosure provided
06/08/2026     No 1 A A A A A A A A A A   VA Primary Purchase Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Non QM Yes
XXXXX 4000130108 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. Lender credits decreased from $XXXX to $XXXX without a valid change of circumstance.       Reviewer Comment (2026-06-18): XXXX received valid changed circumstance for loan amount reduction and pricing reduction for lender credit.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): COC for lender paid buydown attached.


Reviewer Comment (2026-06-15): XXXX received rebuttal, However, if the creditor subsequently reduces the specific lender credit by $XXXX because the Buydown fee reduced by $XXXX, then the creditor has a zero-tolerance standard violation because, although the amount of the buydown fee decreased, the amount of the lender credit decreased.  (Comment 19(e)(3)(i)-5). Cure would be required. Lender credit is separate fee and is tested separately. No valid changed circumstance provided for reduction in lender credit.  Cure with Corrected CD, LOE to borrower, copy of cure refund for $XXXX and proof of mailing.


Buyer Comment (2026-06-11): Comment from XXXX (XXXX): Its not a lender credit, it's a lender paid item. The borrower is not receiving the buydown funds directly nor was it counted towards the cash to close in which an actual lender credit would be applied to.


Reviewer Comment (2026-06-11): XXXX received rebuttal, however credit amount decreased from $XXXX to $XXXX. Please provide valid COC for decrease or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check.


Buyer Comment (2026-06-09): Comment from XXXX (XXXX): This is a lender paid item matching the temporary buydown. A cure is not required.
06/18/2026     No 1   A   A   A   A   A   VA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000129167 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-05): Cleared based on review coming back within tolerances
06/05/2026     No 1 C A C A C A C A C A   FL Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000129167 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Processing fee increased from $XXXX to $XXXX. A cure of $XXXX was provided.       Reviewer Comment (2026-06-05): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   FL Primary Purchase Final CD evidences Cure C A C A A A A A Non QM Non QM Yes
XXXXX 4000129811 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2026-06-04): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   TN Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000131240 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000131240 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000129686 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Credit profile must show 2 tradelines within the last 13 months with 12-month history. Borrower has 1 account in past 24 months - opened XXXX. Approved with compensating factors 13 months' reserves, LTV is XXXX% below the maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
  SitusAMC

SitusAMC
Reviewer Comment (2026-06-08): Client elects to waive/regrade with compensating factors.
    06/08/2026 Yes 2 B B B B B B B B B B   MA Investment Purchase   B B B B     A A   N/A No
XXXXX 4000131526 XXXXX   XXXXX     Compliance Compliance Federal Compliance RESPA RESPA -  Initial Escrow Account Statement Missing RESPA: Initial escrow account statement was not provided to the borrower. Initial escrow account statement was not provided to the borrower.       Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   SC Second Home Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000131526 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2026-06-05): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   SC Second Home Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
XXXXX 4000131526 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2026-06-05): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   SC Second Home Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
XXXXX 4000131812 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. The verification appraisal was not provided to the borrower.       Reviewer Comment (2026-06-08): Client elects to waive
    06/08/2026 No 2 B B B B B B B B B B   AZ Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130759 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Purchase Agreement / Sales Contract not provided   Purchase Agreement / Sales Contract addendum is missing.       Reviewer Comment (2026-06-10): Received sale escrow instructions


Reviewer Comment (2026-06-08): Escrow instructions were received; an executed purchase agreement is required.


Seller Comment (2026-06-08): Comment from XXXX (XXXX): please see escrow instruction, this is a gift of equity there's no real estate brokers involved
06/10/2026     No 1 D A D A D A D A D A   CA Primary Purchase   D A D A C A A A Non QM Non QM No
XXXXX 4000130759 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Waterfall due to insufficient reserves.       Reviewer Comment (2026-06-10): Sufficient reserves verified
06/10/2026     No 1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM Loan Designation D A D A C A A A Non QM Non QM Yes
XXXXX 4000130759 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Waterfall due to insufficient reserves.       Reviewer Comment (2026-06-10): Sufficient reserves verified
06/10/2026     No 1 C A C A C A C A C A   CA Primary Purchase   D A D A C A A A Non QM Non QM No
XXXXX 4000130759 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.           Reviewer Comment (2026-06-08): After further review, exception has been cleared.


Buyer Comment (2026-06-08): Comment from XXXX (XXXX): XXXX guide line is 2 mths PI require not PITI, 2 mth PI is $XXXX borrower has enough reserve $XXXX
06/08/2026     No 1 C A C A C A C A C A   CA Primary Purchase   D A D A C A A A Non QM Non QM No
XXXXX 4000128958 XXXXX   XXXXX     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   Rent loss insurance for the subject property is required and must equal at least six (6) months of local average monthly rents.       Reviewer Comment (2026-06-17): Received, Clearing.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): rent loss coverage
06/17/2026     No 1 C A C A C A C A C A   SC Investment Purchase   C B C B     A A   N/A No
XXXXX 4000128958 XXXXX   XXXXX     Credit Guideline Guideline Issue Guideline Borrower is a first time home buyer and ineligible per guidelines. - Borrower is a first-time investor and trying to proceed with a DSCR loan <XXXX DSCR.  Approved with -.XXXX LPA and comp factors XXXX% down payment, XXXX FICO, XXXX months reserves. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
  SitusAMC

SitusAMC
Reviewer Comment (2026-06-08): Client elects to waive/regrade with compensating factors
    06/08/2026 Yes 2 B B B B B B B B B B   SC Investment Purchase   C B C B     A A   N/A No
XXXXX 4000131126 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Title Preliminary title policy amount is blank, provided commitment or prelim does not state a coverage amount.       Reviewer Comment (2026-06-05): Accepted as is
    06/05/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
XXXXX 4000128436 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-08): Cleared based on review coming back within tolerances
06/08/2026     No 1 C A C A C A C A C A   GA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129086 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-06-09): Accepted as is per client.
    06/09/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000127994 XXXXX   XXXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Calculated loan-to-value percentage of XXXX% exceeds guideline loan-to-value percentage of XXXX%. The 1004 has an appraisal value of $XXXX which should be used to calculate the LTV.       Reviewer Comment (2026-06-29): Received ROV in file


Seller Comment (2026-06-26): Comment from XXXX (XXXX): Please see appraisal rebuttal attached, please note the ROV was included in the intiial loan delivery.


Reviewer Comment (2026-06-18): Please provide an appraiser explanation of the value changing from XXXX to XXXX.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Appraisal & SSR's attached
06/29/2026     No 1 C A C A C A C A C A   MD Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000127994 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-07-06): Cleared based on review coming back within tolerances
07/06/2026     No 1 C A C A C A C A C A   MD Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000130133 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided           Reviewer Comment (2026-06-09): Received Permanent Resident Card. Exception cleared.


Seller Comment (2026-06-09): Comment from XXXX (XXXX): greencard
06/09/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000130133 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-06-08): Accepted as is.
    06/08/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000129189 XXXXX   XXXXX     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   Rent loss insurance for the subject property is required and must equal at least six (6) months of local average monthly rents.       Reviewer Comment (2026-06-08): Policy with Rent Loss provided. Cleared.


Seller Comment (2026-06-08): Comment from XXXX (XXXX): Please see attached
06/08/2026     No 1 C A C A C A C A C A   OH Investment Purchase   C A C A     A A   N/A No
XXXXX 4000131601 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-08): Cleared based on review coming back within tolerances
06/08/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C B C A B B A A N/A N/A No
XXXXX 4000131601 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-08): Accepted as is.
    06/08/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   C B C A B B A A N/A N/A No
XXXXX 4000131601 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-08): Accepted as is.
    06/08/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   C B C A B B A A N/A N/A No
XXXXX 4000133150 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided   Guarantor Agreement is missing.       Reviewer Comment (2026-06-08): Provided. Cleared.


Seller Comment (2026-06-08): Comment from XXXX (XXXX): guaranty
06/08/2026     No 1 D A D A D A D A D A   OH Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
XXXXX 4000133150 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Signed copy of Operating Agreement is missing.       Reviewer Comment (2026-06-10): Received Operating Agreement. Exception cleared.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): operating agreement
06/10/2026     No 1 C A C A C A C A C A   OH Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
XXXXX 4000133150 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   Note Addendum - Prepayment is missing.       Reviewer Comment (2026-06-08): Provided. Cleared.


Seller Comment (2026-06-08): Comment from XXXX (XXXX): prepayment addendum
06/08/2026     No 1 C A C A C A C A C A   OH Investment Refinance - Cash-out - Other   D A D A     A A   N/A Yes
XXXXX 4000133150 XXXXX   XXXXX     Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines. - Lease agreement is missing for subject.       Reviewer Comment (2026-06-10): After further review, exception has been cleared


Buyer Comment (2026-06-10): Comment from XXXX (XXXX): XXXX, the lease agreement isn't needed if we are using the market rent amount on the Form 1007. In this case we used an even lower stated current rent amount from the 1007. This should be sufficient. please advise,
06/10/2026     No 1 C A C A C A C A C A   OH Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
XXXXX 4000131549 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-08): Cleared based on review coming back within tolerances
06/08/2026     No 1 C A C A C A C A C A   MA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000131549 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception for 1st time landlord with DSCR below 1.00. Use of lease in lieu of market rents. Compensating factors include Borrower has substantial reserves, FICO over required, LTV below 75% and all borrower funds. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-08): Client elects to waive/regrade with compensating factors.
    06/08/2026 Yes 2 B B B B B B B B B B   MA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000130572 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   File did not contain an estimated cost to replace from the insurer. Calculations are based on XXXX% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by $XXXX       Reviewer Comment (2026-06-09): Cleared- ins has replacement cost, policy provided


Seller Comment (2026-06-09): Comment from XXXX (XXXX): XXXX: Please see the attached documentation. Please note that per the updated Fannie Mae Lender letter dated XXXX, the insurance replacement cost requirements have been adjusted. According to page #4 of the lender letter, the property insurance policy must provide coverage on a replacement cost basis, with the exception of roofs; property insurance policies that provide such terms of coverage will be deemed to provide sufficient coverage. Based on the insurance provided, the coverage is sufficient due to the verbiage that confirms the dwelling is covered under extended replacement cost. Since the insurance company had the insurance policy underwritten to the replacement cost and includes extended replacement cost, the actual replacement cost estimator is no longer required because the insurance is written to a replacement cost.
06/09/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000129813 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-06-05): Client elects to waive
    06/05/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B A A A A N/A N/A No
XXXXX 4000129131 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2026-06-08): Accepted as is.
    06/08/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129131 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Copy/Rush Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-05): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   CA Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
XXXXX 4000129650 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-09): Accepted as is per client.
    06/09/2026 No 2 B B B B B B B B B B   NJ Investment Purchase   B B A A B B A A N/A N/A No
XXXXX 4000130763 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-08): Cleared based on review coming back within tolerances
06/08/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B A A A A Non QM Non QM No
XXXXX 4000130763 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-06-08): Accepted as is.
    06/08/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B A A A A Non QM Non QM No
XXXXX 4000128807 XXXXX   XXXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2026-06-15): Received E-Sign Consent Agreement. Exception cleared.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): E-Consent
06/15/2026     No 1 C A C A C A C A C A   AZ Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000129641 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided   Fraud Report is missing.       Reviewer Comment (2026-06-09): Received Fraud Report. Exception cleared.


Seller Comment (2026-06-09): Comment from XXXX (XXXX): fraud
06/09/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000129641 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
Preliminary Title Report does not list coverage amount.       Reviewer Comment (2026-06-09): Accepted as is per client.
    06/09/2026 No 2 B B B B B B B B B B   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000129329 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX)       Reviewer Comment (2026-06-09): Accepted as is per client.
    06/09/2026 No 2 B B B B B B B B B B   TX Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000131476 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Revised Loan Estimate Timing Before Closing TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on XXXX not received by borrower at least four (4) business days prior to closing. Revised Loan Estimate provided on XXXX was not received by borrower at least four (4) business days prior to closing.       Reviewer Comment (2026-06-11): XXXX received Initial LE.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): updated LE
06/11/2026     No 1 C A C A C A C A C A   WA Primary Refinance - Rate/Term No Defined Cure C A C A C A A A Non QM Non QM No
XXXXX 4000131476 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-09): Cleared based on review coming back within tolerances
06/09/2026     No 1 C A C A C A C A C A   WA Primary Refinance - Rate/Term   C A C A C A A A Non QM Non QM No
XXXXX 4000128789 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
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 (2026-06-08): Accepted as is.
    06/08/2026 No 2 B B B B B B B B B B   NV Primary Purchase   C B C B A A A A Non QM Non QM No
XXXXX 4000128789 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Evidence of Access to Funds document missing in the file.       Reviewer Comment (2026-06-11): Received a CPA letter confirming that the borrower's ownership interest in the business and the withdrawal of business funds for this transaction will not adversely affect the business. Exception cleared.


Seller Comment (2026-06-11): Comment from XXXX (XXXX): Hello, please see attached, thank you.


Reviewer Comment (2026-06-11): Evidence of Access to Funds is required to business account XXXX #XXXX to clear the exception. Exception remains.


Buyer Comment (2026-06-10): Comment from XXXX (XXXX): Hello, we have no asset documents that required evidence of access to funds. Both individuals on the XXXX #XXXX are on the loan. The XXXX account belongs to XXXX, our main Borrower only. Please kindly waive the condition for us, thank you.


Reviewer Comment (2026-06-08): Mistake


Reviewer Comment (2026-06-08): These assets are not required to qualify
06/11/2026     No 1 C A C A C A C A C A   NV Primary Purchase   C B C B A A A A Non QM Non QM No
XXXXX 4000128333 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-09): Cleared based on review coming back within tolerances
06/09/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000130227 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-08): Cleared based on review coming back within tolerances
06/08/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129371 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Interim Closing Disclosure Timing Regular APR Change TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure issued on XXXX contains a change in APR and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation. Corrected Closing Disclosure issued on XXXX contains a change in APR and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation.       Reviewer Comment (2026-06-24): XXXX received lender attestation on XXXX CD was title fee sheet and not issued to borrower


Seller Comment (2026-06-23): Comment from XXXX (XXXX): please review LOE


Reviewer Comment (2026-06-23): APR on XXXX CD changed to XXXX% and then to XXXX% on the final CD. Closing was XXXX and any change would need to have been received no later than XXXX to allow for the three-day waiting period.


Seller Comment (2026-06-22): Comment from XXXX (XXXX): uploaded requested doc
06/24/2026     No 1 C A C A C A C A C A   NJ Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
XXXXX 4000129671 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   Corporate Resolution or Operating Agreement not provided       Reviewer Comment (2026-06-10): Corporate Resolution, cleared


Seller Comment (2026-06-10): Comment from XXXX (XXXX): XXXX: Please see attached corporate resolution
06/10/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000129671 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Corporate Resolution or Operating Agreement not provided       Reviewer Comment (2026-06-10): Corporate Resolution, cleared


Seller Comment (2026-06-10): Comment from XXXX (XXXX): XXXX: Please see attached corporate resolution
06/10/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000130644 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-09): Cleared based on review coming back within tolerances
06/09/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000130644 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-09): Accepted as is per client.
    06/09/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000129901 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $XXXX is less than the note amount of $XXXX based on the Commitment in file.       Reviewer Comment (2026-06-05): Accepted as is
    06/05/2026 No 2 B B B B B B B B B B   TX Investment Purchase   B B B B     A A   N/A No
XXXXX 4000129901 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception for seller being vested on title for less than 90 days. Compensating factors: LTV is XXXX% and FICO is XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-05): Lender exception approved
    06/05/2026 Yes 2 B B B B B B B B B B   TX Investment Purchase   B B B B     A A   N/A No
XXXXX 4000130890 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Business Purpose Certificate not provided   The file was missing Business Purpose Certificate.       Reviewer Comment (2026-06-10): Received Business Purpose Certificate. Exception cleared.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): BUSINESS PURPOSE
06/10/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000130890 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   Note Addendum - Prepayment missing.       Reviewer Comment (2026-06-10): Received Note Addendum - Prepayment. Exception cleared.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): Prepayment Addendum to Note
06/10/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A Yes
XXXXX 4000130890 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Rider - Prepayment not provided   Rider - Prepayment missing.       Reviewer Comment (2026-06-10): Received Rider - Prepayment. Exception cleared.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): Prepayment Rider
06/10/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000130890 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Note does not have a title for the signor of the LLC. Guarantor Agreement in file is incomplete, missing pages 1 and 4.       Reviewer Comment (2026-07-09): Received, Clearing.


Seller Comment (2026-07-09): Comment from XXXX (XXXX): note


Reviewer Comment (2026-07-01): The Note does not list the member title on the signature line.  Provide updated Note with the member title on the signature line.


Seller Comment (2026-07-01): Comment from XXXX (XXXX): please review the note and updated allonge that will be sent overnight


Reviewer Comment (2026-06-29): In addition with correcting the allonge, the note needs to be updated to include the member title on the signature line.


Buyer Comment (2026-06-29): Comment from XXXX (XXXX): per XXXX..The signature for the note is correct, but for the allonge we just need it to say XXXX.


Reviewer Comment (2026-06-25): The guidelines require the title of the person signing be listed as well.


Buyer Comment (2026-06-25): Comment from XXXX (XXXX): will this condition be cleared with the corrected allonge that was delivered?


Reviewer Comment (2026-06-23): A corrected note is what is needed to resolve this issue.


Buyer Comment (2026-06-23): Comment from XXXX (XXXX): we are sending a corrected allonge


Reviewer Comment (2026-06-18): The guidelines require the title of the person signing be listed as well.


Buyer Comment (2026-06-18): Comment from XXXX (XXXX): Hi, I need more clarification. The note reads XXXX above the signature line. Signed by XXXX.


Reviewer Comment (2026-06-17): As stated prior we received the complete Guarantee agreement. Still missing corrected note with member title on the signature block.


Seller Comment (2026-06-16): Comment from XXXX (XXXX): All pages of the guaranty


Reviewer Comment (2026-06-10): Received complete Guarantee agreement. Still missing corrected note with member title on the signature block.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): GUARANTY
07/09/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000130890 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided           Reviewer Comment (2026-06-10): Received Rider - 1-4 Family. Exception cleared.


Seller Comment (2026-06-10): Comment from XXXX (XXXX): 1 4 Family Rider
06/10/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000129658 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-08): Cleared based on review coming back within tolerances
06/08/2026     No 1 C A C A C A C A C A   WA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000131134 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception in file for request not to collect all exhibits on the divorce decree as lox states the document we have contains all financial information related to the divorce. The existing exhibits only contain the co-parenting agreement, nothing related to financials. Borrower has verified disposable income of at least $2500.00.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.
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Reviewer Comment (2026-06-09): Lender exception approved
    06/09/2026 Yes 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000126404 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   Employer Identification Number (EIN) is missing. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.
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Reviewer Comment (2026-07-08): Client exception received.


Seller Comment (2026-07-08): Comment from XXXX (XXXX): Approved Exception


Reviewer Comment (2026-07-07): No buyer signed exception came through. Blank pages came though.


Seller Comment (2026-07-07): Comment from XXXX (XXXX): Exception


Reviewer Comment (2026-07-02): Please provide the completed lender exception form -from the buyer of the loan.


Buyer Comment (2026-07-02): Comment from XXXX (XXXX): An exception was requested


Reviewer Comment (2026-06-25): Exceptions must go to the buyers portal.


Buyer Comment (2026-06-24): Comment from XXXX (XXXX): Will you allow an exception to this item?


Reviewer Comment (2026-06-17): Employer Identification Number (EIN) is not received. Exception remains.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): Business documentation


Reviewer Comment (2026-06-17): Per guidelines: 4.7.3 Required Entity Documentation
§ The following entity documents are required:
§ Articles of Incorporation
§ Operating Agreement (or equivalent)
§ Tax Identification Number
§ Certificate of Good Standing
- Must be dated within 30 days of closing

An exception from the buyer of the loan would be needed without.


Buyer Comment (2026-06-16): Comment from XXXX (XXXX): The LLC is solely owned they don't have an ITIN and as a single entity LLC with no employees they can not be issued an ITIN and would legally be allowed to use their SSN.
    07/08/2026 Yes 2 C B C B C B C B C B   ID Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000127828 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2026-06-08): Accepted as is.
    06/08/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000127828 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXXexceeds tolerance of $XXXX  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-08): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   CA Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
XXXXX 4000129069 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: HUD/CD not provided   Page 1 of the closing statement appears to be missing.       Reviewer Comment (2026-06-11): c


Seller Comment (2026-06-11): Comment from XXXX (XXXX): Please see attached.
06/11/2026     No 1 C A C A C A C A C A   IL Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129532 XXXXX   XXXXX     Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003   Initial 1003 not provided in file.       Reviewer Comment (2026-06-10): Accepted as is.
    06/10/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000131580 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-06-10): Accepted as is.
    06/10/2026 No 2 B B B B B B B B B B   NH Second Home Purchase   C B B B C B A A Non QM Non QM No
XXXXX 4000131580 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated XXXX was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations.         Reviewer Comment (2026-06-12): XXXX received earliest consent for LE.


Seller Comment (2026-06-11): Comment from XXXX (XXXX): Econsent
06/12/2026     No 1 C A C A C A C A C A   NH Second Home Purchase   C B B B C B A A Non QM Non QM No
XXXXX 4000131580 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XXXX,  Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX. Tax Return Extension Provided.       Reviewer Comment (2026-06-10): Accepted as is.
    06/10/2026 No 2 B B B B B B B B B B   NH Second Home Purchase   C B B B C B A A Non QM Non QM No
XXXXX 4000131580 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. no cure was provided       Reviewer Comment (2026-06-19): XXXX received LOE and COC suffice


Seller Comment (2026-06-17): Comment from XXXX (XXXX): Please read LOX


Reviewer Comment (2026-06-12): XXXX received COC dated XXXX.However, the fee added on CD dated XXXX for $XXXX and again it increased on CD dated XXXX for $XXXX. Therefore, we would require a valid COC for the fee increased on CD dated XXXX for $XXXX or cure due to borrower. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing.


Seller Comment (2026-06-11): Comment from XXXX (XXXX): CIC
06/19/2026     No 1 C A C A C A C A C A   NH Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
XXXXX 4000131580 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrowers are purchasing a new property as a second home that is in close proximity to current primary. The Borrowers intent is to occupy the subject property as a primary residence after renovations. They plan to rent out or sell current primary Borrower has been employed in the same industry for more than 5 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least 40 points.
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Reviewer Comment (2026-06-10): Client elected to waive/regrade with compensating factors. Lender exception provided.
    06/10/2026 Yes 2 B B B B B B B B B B   NH Second Home Purchase   C B B B C B A A Non QM Non QM No
XXXXX 4000130138 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
Preliminary Title Report does not list coverage amount.       Reviewer Comment (2026-06-09): Accepted as is per client.
    06/09/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
XXXXX 4000128990 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-09): Cleared based on review coming back within tolerances
06/09/2026     No 1 C A C A C A C A C A   TN Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129101 XXXXX   XXXXX     Credit Business Purpose General Business Purpose Missing Document: Spousal Consent not provided. -         Reviewer Comment (2026-07-01): Spousal consent is not required per guidelines


Reviewer Comment (2026-06-22): Spousal Consent Form/Lender Exception from XXXX is required to clear the Exception. Exception remains.


Buyer Comment (2026-06-22): Comment from XXXX (XXXX): XXXX Disagree. This is a purchase transaction where the spouse does not have any  interest and the Borrower is the sole owner of the LL and therefore spousal consent is not required.


Reviewer Comment (2026-06-19): XXXX is a community property state. Without an exception from the buyer is needed.


Buyer Comment (2026-06-19): Comment from XXXX (XXXX): XXXX Disagree. This loan  an investment that closed in a LLC and the spousal consent is not required
07/01/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129661 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-06-09): Accepted as is per client.
    06/09/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   C B B B C B A A Non QM Non QM No
XXXXX 4000129661 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation ECOA Valuations Rule (Dodd-Frank 2014): Borrower provided appraisal waiver less than three (3) business days prior to consummation. Borrower provided appraisal waiver less than three (3) business days prior to consummation.       Reviewer Comment (2026-06-09): Accepted as is per client.
    06/09/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   C B B B C B A A Non QM Non QM No
XXXXX 4000129661 XXXXX   XXXXX     Compliance Compliance Federal Compliance Compliance Subject to Rescission Loan is subject to Rescission.         Reviewer Comment (2026-06-08): Loan is subject to rescission.
06/08/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   C B B B C B A A Non QM Non QM No
XXXXX 4000129661 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XXXX disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $XXXX is under disclosed by $XXXX compared to the calculated Finance Charge of $XXXX which exceeds the $XXXX threshold.  Disclosed Amount Financed on page 5 is also blank or inaccurate.  Fee amounts included in Finance Charge and Amount Financed calculations are based on Closing Disclosure dated XXXX). The disclosed Finance Charge in the amount of $XXXX is under-disclosed by $XXXX compared to the calculated Finance Charge of $XXXX, which exceeds the $XXXX threshold.       Reviewer Comment (2026-06-08): Finance charge understated by $XXXX. No high-cost analysis is included in the file.
06/08/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Rate/Term TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) C B B B C B A A Non QM Non QM Yes
XXXXX 4000130811 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Title Commitment or Preliminary title policy amount is blank.       Reviewer Comment (2026-06-10): Accepted as is.
    06/10/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000131024 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Borrower has only been self-employed for 1 year, 2 months. Minimum 2 years per guides. Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.
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Reviewer Comment (2026-06-09): Client elected to waive/regrade with compensating factors. Lender exception provided.
    06/09/2026 Yes 2 B B B B B B B B B B   AL Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000131853 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-09): Cleared based on review coming back within tolerances
06/09/2026     No 1 C A C A C A C A C A   ID Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129726 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-09): Cleared based on review coming back within tolerances
06/09/2026     No 1 C A C A C A C A C A   OK Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000128098 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Provide additional assets to meet the cash to close/reserve requirement.       Reviewer Comment (2026-06-12): Received, Clearing.


Seller Comment (2026-06-12): Comment from XXXX (XXXX): XXXX: Please see the attached transaction history reflecting an ending balance of $XXXX for XXXX XXXX
06/12/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000128098 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Provide additional assets to meet the cash to close/reserve requirement.       Reviewer Comment (2026-06-12): Received, Clearing.


Seller Comment (2026-06-12): Comment from XXXX XXXX): XXXX: Please see the attached transaction history reflecting an ending balance of $XXXX for XXXX XXXX
06/12/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000131763 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-09): Cleared based on review coming back within tolerances
06/09/2026     No 1 C A C A C A C A C A   WA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000130551 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. The verification appraisal delivered to the borrower was not provided.       Reviewer Comment (2026-06-08): Accepted as is per client.
    06/08/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129297 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. no cure was provided.       Reviewer Comment (2026-06-15): XXXX received rebuttal stating borrower didn't shop from SSPl.


Buyer Comment (2026-06-12): Comment from XXXX (XXXX): This is invalid. Total title + recording fees decreased from $XXXX on the loan estimate to $XXXX at closing. In addition, the borrower chose a different title office than the one listed on the service provider list so title fees would not be subject to 10% tolerances.
06/15/2026     No 1 C A C A C A C A C A   WA Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
XXXXX 4000132571 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Finance Charge Test TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XXXX disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $XXXX is under disclosed by $XXXX compared to the calculated Finance Charge of $XXXX which exceeds the $XXXX threshold.  Disclosed Amount Financed on page 5 is also blank or inaccurate.  Fee amounts included in Finance Charge and Amount Financed calculations are based on Closing Disclosure dated XXXX). Loan Calculations: Final Closing Disclosure provided on XXXX disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $XXXX is under-disclosed by $XXXX compared to the calculated Finance Charge of $XXXX, which exceeds the $XXXX threshold. Disclosed Amount Financed on page 5 is also blank or inaccurate. Fee amounts included in Finance Charge and Amount Financed calculations are based on Closing Disclosure dated XXXX.       Reviewer Comment (2026-07-29): XXXX received PCCD, LOE, Copy of Refund Check and Proof of Mailing.


Seller Comment (2026-07-28): Comment from XXXX (XXXX): a


Reviewer Comment (2026-07-13): Please provide copy of refund check for the $XXXX under disclosure.


Seller Comment (2026-07-10): Comment from XXXX (XXXX): a
  XXXXX   No 2 C B C B C B C B C B   CO Primary Purchase TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) C B A A C B A A Non QM Non QM Yes
XXXXX 4000131987 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-09): Cleared based on review coming back within tolerances
06/09/2026     No 1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
XXXXX 4000131987 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Donor Check not provided   Please provide donor check to verify the gift funds.       Reviewer Comment (2026-06-15): Received Wire Confirmation. Excption cleared.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): XXXX: please see the attached documentation. I've attached the wire receipt from the gift funds sent by the donor. Please note that the originator lines up with the donor on the gift letter and the funds line up.
06/15/2026     No 1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129100 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-11): Clearing based on review coming back within tolerances.
06/11/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129437 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Appraisal fee of $XXXX exceeds tolerance of $XXXX. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2026-06-09): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   MS Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000129839 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B B B A A N/A N/A No
XXXXX 4000129839 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B B B A A N/A N/A No
XXXXX 4000130635 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
Preliminary Title policy does not list policy amount.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000129132 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   More than 3 NSF?OD items in the last 12 months, with 1 or more in the last 3 months. NSF: dated
on XXXX and XXXX; OD dated on XXXX and XXXX. Additionally negative ending balance
noted on XXXX
Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly mortgage payment has decreased by at least 20%.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.
  SitusAMC

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Reviewer Comment (2026-06-11): Lender exception approved
    06/11/2026 Yes 2 B B B B B B B B B B   IN Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000131887 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to the applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-10): Accepted as is.
    06/10/2026 No 2 B B B B B B B B B B   TX Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129431 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary title policy is within XXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.       Reviewer Comment (2026-06-10): Accepted as is.
    06/10/2026 No 2 B B B B B B B B B B   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000129431 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Provide a copy of the appraisal invoice reflecting an amount of $XXXX, along with documentation for additional assets totaling $XXXX to satisfy the reserve requirement.       Reviewer Comment (2026-06-14): Received POCB Invoice for Appraisal Fee. Exception cleared.


Seller Comment (2026-06-12): Comment from XXXX (XXXX): Hello, Please see attached
06/14/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000129938 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-06-09): Accepted as is per client.
    06/09/2026 No 2 B B B B B B B B B B   VA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000129938 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Donor Check not provided   Missing donor check in the amount of $XXXX.       Reviewer Comment (2026-06-10): Wire confirmation, cleared


Seller Comment (2026-06-10): Comment from XXXX (XXXX): wire confirmation gift sent at closing
06/10/2026     No 1 C A C A C A C A C A   VA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000131481 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-11): Clearing based on review coming back within tolerances.
06/11/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000131885 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of appraisal was not found in the file.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Home Improvement   B B B B B B A A Non QM Non QM No
XXXXX 4000131885 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within XXXX and does not reflect a coverage amount (no final title policy in file).       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Home Improvement   B B B B B B A A Non QM Non QM No
XXXXX 4000131937 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-11): Clearing based on review coming back within tolerances.
06/11/2026     No 1 C A C A C A C A C A   HI Second Home Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000131937 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/XXXX)       Reviewer Comment (2026-06-09): Accepted as is per client.
    06/09/2026 No 2 B B B B B B B B B B   HI Second Home Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000131937 XXXXX   XXXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy.   Calculated loan to value percentage of XXXX% exceeds Guideline loan to value percentage of XXXX%.
Non-Warrantable Condo XXXX% max LTV; and in Declining Market less XXXX% = XXXX%.
      Reviewer Comment (2026-06-12): Received, Clearing.


Seller Comment (2026-06-12): Comment from XXXX (XXXX): Please see attached email LOX and CLTV condition items from our management team to please clear condition.
06/12/2026     No 1 C A C A C A C A C A   HI Second Home Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000131937 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy.   Calculated combined loan to value percentage of XXXX% exceeds Guideline combined loan to value percentage of XXXX%.
Non-Warrantable Condo XXXX% max LTV; and in Declining Market less XXXX% = XXXX%.
      Reviewer Comment (2026-06-12): Received, Clearing.


Seller Comment (2026-06-12): Comment from XXXX (XXXX): Please see attached email LOX and CLTV condition items from our management team to please clear condition.
06/12/2026     No 1 C A C A C A C A C A   HI Second Home Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000132003 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. The verification appraisal delivered to the borrower was not provided.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   GA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130174 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-11): Clearing based on review coming back within tolerances.
06/11/2026     No 1 C A C A C A C A C A   MO Investment Purchase   C A C A     A A   N/A No
XXXXX 4000131546 XXXXX   XXXXX     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   Rent Loss amount is unspecified per HOI policy provided. Rent loss insurance for the subject property is required and must equal at least six (6) months of local average monthly rents, per Guidelines.       Reviewer Comment (2026-06-17): Received, Clearing.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): attached
06/17/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000130125 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129540 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   TX Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129669 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130820 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of Appraisal is missing.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000130820 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Tax Certificate not provided           Reviewer Comment (2026-06-12): Received Tax Certificate. Exception cleared.


Seller Comment (2026-06-11): Comment from XXXX (XXXX): Please see attached the TAX cert. We have never been asked to submit a tax certificate before, so we're not sure why this document is being requested.
06/12/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000130820 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Please provide POCB paid Invoice for HOI Premium to meet closing cost requirements.       Reviewer Comment (2026-06-11): Received POCB Invoice for HOI premium. Exception cleared.


Seller Comment (2026-06-11): Comment from XXXX (XXXX): Please see attached the POCB paid Invoice for HOI Premium. We have never been asked to submit a POCB paid Invoice for HOI Premium before, so we're not sure why this document is being requested.
06/11/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000130820 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Please provide POCB paid Invoice for HOI Premium to meet closing cost requirements.       Reviewer Comment (2026-06-15): Received, Clearing.


Seller Comment (2026-06-12): Comment from XXXX (XXXX): Please see attached the POCB paid Invoice for HOI Premium. We have never been asked to submit a POCB paid Invoice for HOI Premium before, so we're not sure why this document is being requested.
06/15/2026     No 1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
XXXXX 4000130820 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Assets Ability to Repay (Dodd-Frank 2014): Unable to verify assets using reasonably reliable third-party records. Please provide POCB paid Invoice for HOI Premium to meet closing cost requirements.       Reviewer Comment (2026-06-15): Received, Clearing.


Seller Comment (2026-06-12): Comment from XXXX (XXXX): Please see attached the POCB paid Invoice for HOI Premium. We have never been asked to submit a POCB paid Invoice for HOI Premium before, so we're not sure why this document is being requested.
06/15/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000130820 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Please provide POCB paid Invoice for HOI Premium to meet closing cost requirements.       Reviewer Comment (2026-06-15): Received, Clearing.


Seller Comment (2026-06-12): Comment from XXXX (XXXX): Please see attached the POCB paid Invoice for HOI Premium. We have never been asked to submit a POCB paid Invoice for HOI Premium before, so we're not sure why this document is being requested.
06/15/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000130820 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Please provide POCB paid Invoice for HOI Premium to meet closing cost requirements.       Reviewer Comment (2026-06-15): Received, Clearing.
06/15/2026     No 1 A A A A A A A A A A   CA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000130203 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-12): Clearing based on review coming back within tolerances.
06/12/2026     No 1 C A C A C A C A C A   NV Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130487 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Second Home Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000131776 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Mismatch of data related to Occupancy. - Occupancy: ___; Declarations/Will borrower occupy: ___ As per Final 1003 Declaration, borrower occupied subject property as primary residence.       Reviewer Comment (2026-06-15): 1003 updated, cleared


Seller Comment (2026-06-15): Comment from XXXX (XXXX): updated 1003
06/15/2026     No 1 C A C A C A C A C A   SC Investment Purchase   C A C A A A A A N/A N/A No
XXXXX 4000131776 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Evidence of Access to business funds used for closing/reserves is missing.       Reviewer Comment (2026-07-01): Received Business entity listing. Exception cleared.


Seller Comment (2026-07-01): Comment from XXXX (XXXX): attached is state record of ownership


Reviewer Comment (2026-06-15): Required CPA letter or any third-party equivalent document to confirm % of ownership in the business. Exception remains.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): borrower has full access to account and reserves sent over in initial closing pkg submission
07/01/2026     No 1 C A C A C A C A C A   SC Investment Purchase   C A C A A A A A N/A N/A No
XXXXX 4000132768 XXXXX   XXXXX     Credit Investment Product General Investment Product REO property does not have a lease in place and required by guidelines. - Lease agreement is missing.       Reviewer Comment (2026-06-15): Lease provided. Cleared.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): Lease agreement
06/15/2026     No 1 C A C A C A C A C A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000131135 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Title Commitment title policy amount is blank       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000131135 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Fee Amount of $XXXX exceeds tolerance of $XXXX. No change of circumstance is in file.       Reviewer Comment (2026-06-11): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   CA Primary Purchase Final CD evidences Cure B B B B A A A A Non QM Non QM Yes
XXXXX 4000131893 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000131893 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy in XXXX does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000131893 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   Verification of Non-U.S. Citizen is missing from the file.       Reviewer Comment (2026-06-22): Received Permanent Resident Card. Exception cleared.


Seller Comment (2026-06-22): Comment from XXXX (XXXX): Hello, Please see attached
06/22/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000131893 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Investor qualifying total debt ratio discrepancy.   XXXX and XXXX credit cards were excluded from the liabilities, however, the file is missing evidence they were paid off prior to close. We cannot use the post-closing credit report.       Reviewer Comment (2026-06-23): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Hello, please see attached, thank you.


Reviewer Comment (2026-06-19): Per ATR no credit documents can be dated after the note date. We need proof of the debts being paid off prior for ATR.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Hello, Please see attached
06/23/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000131893 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. The DTI calculated in accordance with the Lender's Guidelines and 1026.43(c)(5) of XXXX% moderately exceeds the guideline maximum of XXXX%.       Reviewer Comment (2026-06-23): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Hello, please see attached, thank you.


Reviewer Comment (2026-06-19): Per ATR no credit documents can be dated after the note date. We need proof of the debts being paid off prior for ATR.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Hello, Please see attached
06/23/2026     No 1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
XXXXX 4000131893 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. The DTI calculated in accordance with the Lender's Guidelines and 1026.43(c)(5) of XXXX% moderately exceeds the guideline maximum of XXXX%.       Reviewer Comment (2026-06-23): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Hello, please see attached, thank you.


Reviewer Comment (2026-06-19): Per ATR no credit documents can be dated after the note date. We need proof of the debts being paid off prior for ATR.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Hello, Please see attached
06/23/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000131893 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of XXXX% moderately exceeds the guideline maximum of XXXX%. (DTI Exception is eligible to be regraded with compensating factors.) The DTI calculated in accordance with the Lender's Guidelines and 1026.43(c)(5) of XXXX% moderately exceeds the guideline maximum of XXXX%. Wells and Discover credit cards were excluded from the liabilities, however, the file is missing evidence they were paid off prior to close. We cannot use the post-closing credit report.       Reviewer Comment (2026-06-23): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Hello, please see attached, thank you.


Reviewer Comment (2026-06-19): Per ATR no credit documents can be dated after the note date. We need proof of the debts being paid off prior for ATR.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Hello, Please see attached
06/23/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000129433 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within XXXX and does not reflect a coverage amount. Final title policy was not found in file. Unable to determine if appropriate coverage is provided.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B B B A A N/A N/A No
XXXXX 4000129433 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B B B A A N/A N/A No
XXXXX 4000132797 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-12): Clearing based on review coming back within tolerances.


Reviewer Comment (2026-06-12): Buyer ordered review. Nothing to do at this time.


Buyer Comment (2026-06-12): Comment from Post Closing (XXXX): Hi team, what document we need to provide to clear this condition?
06/12/2026     No 1 C A C A C A C A C A   HI Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000132797 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to the applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   HI Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000132797 XXXXX   XXXXX     Compliance Compliance Federal Compliance RESPA RESPA Disclosure - List of Homeownership Counseling Organizations Missing RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. Creditor did not provide the List of Homeownership Counseling Organizations to the borrower.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   HI Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000132797 XXXXX   XXXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing.       Reviewer Comment (2026-06-11): Received E-Sign Consent Agreement. Exception cleared.


Seller Comment (2026-06-11): Comment from Post Closing (XXXX): See attached
06/11/2026     No 1 C A C A C A C A C A   HI Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000132797 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Loan Designation discrepancy is due to missing guideline-required documentation for a 12-Month P&L Statement loan.       Reviewer Comment (2026-06-12): Received, Clearing.


Seller Comment (2026-06-12): Comment from Post Closing (XXXX): See attached
06/12/2026     No 1 B A C A B A C A B A   HI Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
XXXXX 4000132797 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) The 12-Month P&L Statement is not signed by the borrower; documentation that the EA license is active is missing and borrower narrative on the nature of business is missing.       Reviewer Comment (2026-06-12): Received, Clearing.


Seller Comment (2026-06-12): Comment from Post Closing (XXXX): See attached
06/12/2026     No 1 C A C A C A C A C A   HI Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000132797 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   The 12-Month P&L Statement is not signed by the borrower; documentation that the EA license is active is missing and borrower narrative on the nature of business is missing.       Reviewer Comment (2026-06-12): Received P&L with borrower attestation. Exception cleared.


Seller Comment (2026-06-12): Comment from Post Closing (XXXX): See attached
06/12/2026     No 1 C A C A C A C A C A   HI Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000132797 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. The 12-Month P&L Statement is not signed by the borrower; documentation that the EA license is active is missing and borrower narrative on the nature of business is missing.       Reviewer Comment (2026-06-12): Received, Clearing.


Seller Comment (2026-06-12): Comment from Post Closing (XXXX): See attached
06/12/2026     No 1 C A C A C A C A C A   HI Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000131970 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-12): Accepted as is.
    06/12/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129649 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-12): Accepted as is.
    06/12/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
XXXXX 4000130417 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-12): Clearing based on review coming back within tolerances.
06/12/2026     No 1 C A C A C A C A C A   UT Investment Purchase   C A C A     A A   N/A No
XXXXX 4000132629 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Incorporation not provided   Missing for XXXX.       Reviewer Comment (2026-06-16): Received  Articles of Incorporation. Exception cleared.


Seller Comment (2026-06-16): Comment from XXXX (XXXX): see attached
06/16/2026     No 1 C A C A C A C A C A   PA Investment Purchase   D A D A     A A   N/A No
XXXXX 4000132629 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Missing for XXXX.       Reviewer Comment (2026-06-16): Received Business Entity Listing. Exception cleared.


Seller Comment (2026-06-16): Comment from XXXX (XXXX): see attached
06/16/2026     No 1 C A C A C A C A C A   PA Investment Purchase   D A D A     A A   N/A No
XXXXX 4000132629 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   Missing EIN and Operating Agreement for XXXX.       Reviewer Comment (2026-06-16): Received Employer Identification Number (EIN). Exception cleared.


Seller Comment (2026-06-16): Comment from XXXX (XXXX): see attached
06/16/2026     No 1 C A C A C A C A D A   PA Investment Purchase   D A D A     A A   N/A No
XXXXX 4000132504 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: HUD/CD not provided   HUD-1, Closing Disclosure is missing.       Reviewer Comment (2026-06-17): Received, Clearing.


Seller Comment (2026-06-16): Comment from XXXX (XXXX): final CD
06/17/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
XXXXX 4000132504 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Hazard Insurance Policy expires within 90 days of the Note Date. Hazard Insurance Policy Expiration Date ___, Note Date ___ Hazard Insurance Policy end date is XXXX. Within 90 days of the Note date XXXX.       Reviewer Comment (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
XXXXX 4000132504 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided   Not provided for XXXX       Reviewer Comment (2026-06-15): Received Articles of Organization/Formation for XXXX. Exception cleared.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): XXXX docs
06/15/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
XXXXX 4000132504 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Not provided for XXXX       Reviewer Comment (2026-06-15): Received Certificate of Good Standing for XXXX. Exception cleared.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): cert of good standing
06/15/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
XXXXX 4000132504 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating Agreement for XXXX was not executed.  Operating Agreement for XXXX was not provided.       Reviewer Comment (2026-06-18): Executed Operating Agreements provided. Cleared.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): signed copy


Reviewer Comment (2026-06-17): Received an unsigned copy of XXXX. Please provide a signed copy. Exception remains


Seller Comment (2026-06-16): Comment from XXXX (XXXX): XXXXXX XXXX


Reviewer Comment (2026-06-15): The Operating Agreement for XXXX has been received however the signed Operating Agreement for XXXX has not been received. Exception remains.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): ARTICLES OF INCORP
06/18/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
XXXXX 4000132500 XXXXX   XXXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing.   The Hazard Insurance Policy Effective Date is after the later of the note or transaction date.       Reviewer Comment (2026-06-23): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): HOI update
06/23/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
XXXXX 4000132500 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount.  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 (2026-06-11): Accepted as is.
    06/11/2026 No 2 B B B B B B B B B B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
XXXXX 4000130124 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-12): Clearing based on review coming back within tolerances.
06/12/2026     No 1 C A C A C A C A C A   UT Primary Purchase   C B C A C B A A Non QM Exempt from ATR No
XXXXX 4000130124 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt. QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule. TILA loan designation remains ATR Exempt.       Reviewer Comment (2026-06-12): Accepted as is.
    06/12/2026 No 2 A A A A A A A A A A   UT Primary Purchase   C B C A C B A A Non QM Exempt from ATR No
XXXXX 4000130124 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. A Change of Circumstance dated XXXX reflects a Re-inspection Fee of $XXXX, however the initial Closing Disclosure dated XXXX is the earliest dated document reflecting the fee and was not provided to the borrower within three business days of the change.       Reviewer Comment (2026-07-13): XXXX received multiple COCs. LEs and CDs and as per COC dated XXXX.


Seller Comment (2026-07-09): Comment from XXXX (XXXX): COC CD XXXX and audit trail


Reviewer Comment (2026-07-02): XXXX: Provided LE indicates property address as "XXXX" whereas on closing document shows that property address as "XXXX". Provided corresponding document for testing.


Seller Comment (2026-07-01): Comment from XXXX (XXXX): LE's with Audit Log and CD with Audit Log


Reviewer Comment (2026-07-01): XXXX: Provided LE dated XXXX, XXXX and initial CD dated XXXX property address is different from the subject property address. Please provide disclosures summary with missing documents for testing to reevaluate and re-baseline this exception.


Seller Comment (2026-06-29): Comment from XXXX (XXXX): LE Disclosing the Reinspection Fee


Reviewer Comment (2026-06-15): Corrected 1003 was not executed by borrower.  Exception remains.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): COC LE
07/13/2026     No 1 C A C A C A C A C A   UT Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Exempt from ATR Yes
XXXXX 4000130124 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. A Change of Circumstance dated XXXX reflects a Collateral Desktop Analysis fee of $XXXX, and a Change of Circumstance dated XXXX reflects an additional Collateral Desktop Analysis fee of $XXXX, however the initial Closing Disclosure dated XXXXis the earliest dated document reflecting the fee and was not provided to the borrower within three business days of the change.       Reviewer Comment (2026-07-13): XXXX received multiple COCs. LEs and CDs and as per COC dated XXXX.


Seller Comment (2026-07-09): Comment from XXXX (XXXX): XXXX Disclosure Tracking, XXXX LE and Disclosure Tracking, XXXX and XXXX


Reviewer Comment (2026-07-01): XXXX: Provided LE dated XXXX, XXXX and initial CD dated XXXX property address is different from the subject property address. Please provide disclosures summary with missing documents for testing to reevaluate and re-baseline this exception.


Seller Comment (2026-06-29): Comment from XXXX (XXXX): COC CD for CDA
07/13/2026     No 1 C A C A C A C A C A   UT Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Exempt from ATR Yes
XXXXX 4000130124 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 calendar days of the Note. -         Reviewer Comment (2026-06-15): Received Third party Verification of Employment. Exception cleared.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): VOE
06/15/2026     No 1 C A C A C A C A C A   UT Primary Purchase   C B C A C B A A Non QM Exempt from ATR No
XXXXX 4000130124 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Provide an LOE from the borrower explaining the nature of the relationship with the seller. Section 5, B of the application, 'If this is a Purchase Transaction: Do you have a family relationship or business affiliation with the seller of the property?' has been answered Yes.       Reviewer Comment (2026-06-25): Received, Clearing.


Seller Comment (2026-06-24): Comment from XXXX (XXXX): Executed 1003


Reviewer Comment (2026-06-15): Corrected 1003 provided must be executed by borrower. Exception remains.


Seller Comment (2026-06-15): Comment from XXXX (XXXX): URLA Explanation-. Please see attached updated 1003
The file was originally submitted as a R/T refinance vs a purchase. The borrowers marked yes, as they had been working with the builder to purchase the lot for which they were building the subject on. They considered that a business affiliation, they are not related nor do they work for the builder.
06/25/2026     No 1 C A C A C A C A C A   UT Primary Purchase   C B C A C B A A Non QM Exempt from ATR No
XXXXX 4000130124 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. The date the valuation was provided to the borrower is prior to the date when the valuation was performed.       Reviewer Comment (2026-06-12): Accepted as is.
    06/12/2026 No 2 B B B B B B B B B B   UT Primary Purchase   C B C A C B A A Non QM Exempt from ATR No
XXXXX 4000130124 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-XXXX exceeds tolerance of $-XXXX disclosed in locked LE dated XXXX. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-07-15): XXXX received updated CD and valid changed circumstance.


Seller Comment (2026-07-14): Comment from XXXX (XXXX): PCCD
07/15/2026     No 1   A   A   A   A   A   UT Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Exempt from ATR Yes
XXXXX 4000132295 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided   Please provide Article of Organization for the business Entity.       Reviewer Comment (2026-06-12): Received Articles of Organization/Formation. Exception cleared


Seller Comment (2026-06-12): Comment from XXXX (XXXX): Please find Article of Organization for the business Entity.
06/12/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000132295 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Please provide Certificate of Good Standing for the business Entity.       Reviewer Comment (2026-06-12): Received Business Entity Listing. Exception cleared.


Seller Comment (2026-06-12): Comment from XXXX (XXXX): Please find the attached Certificate of Good Standing.
06/12/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000132870 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided   Security Instrument - Subject Lien is missing.       Reviewer Comment (2026-06-12): Received, Clearing.
06/12/2026     No 1 D A D A D A D A D A   AZ Primary Purchase   D A D A A A A A Non QM Non QM No
XXXXX 4000130294 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approved for FTHB payment shock over XXXX%.  Comp factors FICO XXXX, 25 months reserves, XXXX% down payment. Borrower has been employed in the same industry for more than 5 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-12): Client elects to waive/regrade with compensating factors.
    06/12/2026 Yes 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000129960 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-15): Clearing based on review coming back within tolerances.
06/15/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
XXXXX 4000130894 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary Title Policy is within CA and does not reflect a coverage amount (no Final Title Policy in file). Unable to determine if appropriate coverage is provided.       Reviewer Comment (2026-06-12): Accepted as is.
    06/12/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000130894 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.           Reviewer Comment (2026-06-16): Closing Statement provided. Cleared.


Reviewer Comment (2026-06-16): Although the net proceeds have been included as per the provided closing statement, there is still an asset shortfall. Kindly provide additional asset documents to meet the reserve requirements. Exception remains.


Seller Comment (2026-06-16): Comment from XXXX(XXXX): ALTA for sale of XXXX
06/16/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000130894 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.       Reviewer Comment (2026-06-16): Closing Statement provided. Cleared.


Seller Comment (2026-06-16): Comment from XXXX(XXXX): ALTA for sale of XXXX
06/16/2026     No 1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C B C B A A Non QM Non QM Yes
XXXXX 4000130894 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan does not meet one or more guideline components which could impact the borrower's ability to repay.       Reviewer Comment (2026-06-16): Closing Statement provided. Cleared.


Seller Comment (2026-06-16): Comment from XXXX(XXXX): ALTA Stmt for sale of XXXX
06/16/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000130894 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy.   The file is missing copy of net proceed document for borrower's REO property.       Reviewer Comment (2026-06-16): Closing Statement provided. Cleared.


Reviewer Comment (2026-06-16): Although the net proceeds have been included as per the provided closing statement, there is still an asset shortfall. Kindly provide additional asset documents to meet the reserve requirements. Exception remains.


Seller Comment (2026-06-16): Comment from XXXX(XXXX): ALTA for sale of XXXX
06/16/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000130894 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Missing evidence that current primary residence has sold. Require copy of final settlement statement to show evidence of the sale and funds for closing. If property is not yet sold will need to obtain 1004 and LOX documentation to meet the departing residence guidelines.       Reviewer Comment (2026-06-16): Received Closing Statement. Exception cleared.


Seller Comment (2026-06-16): Comment from XXXX(XXXX): ALTA for sale of XXXX
06/16/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000130894 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.         Reviewer Comment (2026-06-12): Accepted as is.
    06/12/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B C B A A Non QM Non QM No
XXXXX 4000130178 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-15): Clearing based on review coming back within tolerances.
06/15/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B B B A A Non QM Non QM No
XXXXX 4000130178 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-06-15): Accepted as is.
    06/15/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B B B A A Non QM Non QM No
XXXXX 4000130178 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Missing evidence the borrower was provided with a copy of the appraisal at least three days prior to closing.       Reviewer Comment (2026-06-15): Accepted as is.
    06/15/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B B B A A Non QM Non QM No
XXXXX 4000131225 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy.   Available reserves of $XXXX is less than calculated available of reserves of $XXXX.       Reviewer Comment (2026-06-15): After further review, exception has been cleared


Buyer Comment (2026-06-15): Comment from XXXX (XXXX): Funds for closing = $XXXX + Reserves $XXXX = $XXXX total.  The amount of funds available are $XXXX

XXXX $XXXX
XXXX $XXXX
XXXX $XXXX
XXXX $XXXX
XXXX $XXXX

Please advise what is missing
06/15/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000130490 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-06-12): Accepted as is.
    06/12/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   B B B B B B A A Non QM Non QM No
XXXXX 4000130490 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
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 (2026-06-12): Accepted as is.
    06/12/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   B B B B B B A A Non QM Non QM No
XXXXX 4000129486 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-12): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   WA Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000129384 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements. Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements       Reviewer Comment (2026-06-15): Accepted as is.
    06/15/2026 No 2 B B B B B B B B B B   PA Investment Purchase   B B A A B B A A N/A N/A No
XXXXX 4000130112 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.       Reviewer Comment (2026-06-23): Received, Clearing.


Buyer Comment (2026-06-23): Comment from XXXX (XXXX): Please clear as this seems to be connected to other condition on income calculations
06/23/2026     No 1 B A C A B A C A B A   GA Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
XXXXX 4000130112 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay - Residual Income: Investor and Non QM vs Guidelines Ability to Repay (Dodd-Frank 2014):   Investor's calculated residual income amount (XXXX) and calculated Non QM residual amount (XXXX) are both lower than the amount required per the guidelines (XXXX).         Reviewer Comment (2026-06-23): Received, Clearing.


Buyer Comment (2026-06-23): Comment from XXXX (XXXX): Please clear as this seems to be connected to other condition on income calculations
06/23/2026     No 1 C A C A C A C A C A   GA Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000130112 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Investor Qualifying Residual income discrepancy.           Reviewer Comment (2026-06-18): After adjusting the monthly income, the residual income meets the required guideline limits. Exception cleared.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): This is an asset qualifying loan, not traditional income. Asset calculation in file supports sufficient residual income.
06/18/2026     No 1 C A C A C A C A C A   GA Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000131038 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. The verification appraisal delivered to the borrower was not provided.       Reviewer Comment (2026-06-12): Accepted as is.
    06/12/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000131038 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
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 (2026-06-12): Accepted as is.
    06/12/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000132421 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-15): Clearing based on review coming back within tolerances.
06/15/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000130413 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-15): Clearing based on review coming back within tolerances.
06/15/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C B A A A A Non QM Non QM No
XXXXX 4000130413 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2026-06-12): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   CA Primary Purchase Final CD evidences Cure C B C B A A A A Non QM Non QM Yes
XXXXX 4000130413 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
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 (2026-06-15): Accepted as is.
    06/15/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C B A A A A Non QM Non QM No
XXXXX 4000129854 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Interest Only loan and borrower 1 is a FTHB Borrower has been employed in the same industry for more than 5 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-15): Client elected to waive/regrade with compensating factors. Lender exception provided.
    06/15/2026 Yes 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000129854 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Field Review Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-12): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   CA Primary Purchase Final CD evidences Cure B B B B A A A A Non QM Non QM Yes
XXXXX 4000130340 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-16): Clearing based on review coming back within tolerances.
06/16/2026     No 1   A   A   A   A   A   TX Investment Purchase   A A A A     A A   N/A No
XXXXX 4000131480 XXXXX   XXXXX     Compliance Compliance State Compliance Misc. State Level Virginia Mortgage Lender and Broker Act (Dual Agency Compensation Without Notice) Virginia Mortgage Lender and Broker Act:  Mortgage broker also acting as agent has received compensation from the borrower without providing a written agreement to the borrower.         Reviewer Comment (2026-06-15): Broker and originator are not the same


Reviewer Comment (2026-06-15): Reopened


Reviewer Comment (2026-06-12): Accepted as is.
06/15/2026     No 1 B A B A B A B A B A   VA Primary Purchase   B A A A B A A A Non QM Non QM No
XXXXX 4000132874 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Available for Closing is insufficient to cover Cash From Borrower.       Reviewer Comment (2026-06-22): Additional deposit made XXXX. Verification received in trailing documents


Reviewer Comment (2026-06-22): EXCEPTION HISTORY - Exception Explanation was updated on XXXX PRIOR Exception Explanation: Documented qualifying Assets for Closing of  $XXXXis less than Cash From Borrower $XXXX.


Reviewer Comment (2026-06-16): Reviewed CD and shortage still remains.


Seller Comment (2026-06-16): Comment from XXXX (XXXX): please see the attached CD shows cash to close is $XXXX which is included $XXXX seller credit borrower's total asset is $XXXX and 2 mths PI is $XXXX
06/22/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000132874 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Guideline Requirement: Available for Reserves discrepancy.           Reviewer Comment (2026-06-22): Additional deposit made XXXX. Verification received in trailing documents


Reviewer Comment (2026-06-22): EXCEPTION HISTORY - Exception Explanation was updated on XXXX PRIOR Exception Explanation: Calculated Available for Reserves of $XXXX is less than Guideline Available for Reserves of $XXXX.
06/22/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000132874 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.       Reviewer Comment (2026-06-22): Additional deposit made XXXX. Verification received in trailing documents
06/22/2026     No 1 B A C A B A C A B A   CA Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
XXXXX 4000132874 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan is short closing costs and reserves       Reviewer Comment (2026-06-22): Additional deposit made XXXX. Verification received in trailing documents
06/22/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000131057 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-16): Clearing based on review coming back within tolerances.
06/16/2026     No 1   A   A   A   A   A   TN Investment Refinance - Cash-out - Other   A A A A     A A   N/A No
XXXXX 4000130959 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-12): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   WA Second Home Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000130959 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-12): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   WA Second Home Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000130067 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $XXXX is less than the note amount of $XXXX based on the Commitment in file.       Reviewer Comment (2026-06-12): Accepted as is.
    06/12/2026 No 2 B B B B B B B B B B   FL Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
XXXXX 4000129344 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Using XXXX% value of business account owned by borrower and non-borrowing spouse XXXX/XXXX. Approved with comp factors FICO is XXXX+ above minimum, DSCR is XXXX over minimum, XXXX months of reserves. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-15): Client elected to waive/regrade with compensating factors. Lender exception provided.
    06/15/2026 Yes 2 B B B B B B B B B B   NC Investment Purchase   B B B B     A A   N/A No
XXXXX 4000130101 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-16): Accepted as is.
    06/16/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B A A B B A A N/A N/A No
XXXXX 4000128730 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.         Reviewer Comment (2026-06-16): Accepted as is.
    06/16/2026 No 2 B B B B B B B B B B   MI Investment Purchase   B B B B     A A   N/A No
XXXXX 4000129548 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-15): Clearing based on review coming back within tolerances.
06/15/2026     No 1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130876 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-16): Clearing based on review coming back within tolerances.
06/16/2026     No 1 C A C A C A C A C A   RI Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000131180 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $XXXX is less than the note amount of $XXXX based on the Commitment in file.       Reviewer Comment (2026-06-16): Accepted as is.
    06/16/2026 No 2 B B B B B B B B B B   MI Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000131180 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   The file did not contain an estimated cost to replace from insurer. Calculations are based on XXXX% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods. Coverage is insufficient by $XXXX.       Reviewer Comment (2026-06-17): Received RCE


Seller Comment (2026-06-17): Comment from XXXX (XXXX): XXXX: Please see attached documentation
06/17/2026     No 1 C A C A C A C A C A   MI Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000131058 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-16): Clearing based on review coming back within tolerances.
06/16/2026     No 1 C A C A C A C A C A   TN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000132163 XXXXX   XXXXX     Credit Credit Credit Documentation Missing Document  Missing Document: Credit Report not provided   Credit Report is missing.       Reviewer Comment (2026-06-18): Received Credit Report. Exception cleared.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): Please see credit report
06/18/2026     No 1 D A D A D A D A D A   FL Investment Purchase   D B D B     A A   N/A No
XXXXX 4000132163 XXXXX   XXXXX     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 ___. Waterfall due to rural properties, max XXXX% allowed per CORE DSCR guidelines. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
  SitusAMC

SitusAMC
Reviewer Comment (2026-06-29): Client elected to waive/regrade with compensating factors. Lender exception provided.


Seller Comment (2026-06-29): Comment from XXXX (XXXX): Please see Exception request approval


Reviewer Comment (2026-06-18): We can not move forward without the buyer signed exception approval.


Buyer Comment (2026-06-17): Comment from XXXX (XXXX): The upload was provided to show that the exception was already approved.


Reviewer Comment (2026-06-17): Guideline exception approvals should come from the buyer. Please request through the seller portal


Seller Comment (2026-06-17): Comment from XXXX (XXXX): Please see approved exception
    06/29/2026 Yes 2 C B C B C B C B C B   FL Investment Purchase   D B D B     A A   N/A No
XXXXX 4000132163 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: Combined loan to value discrepancy. Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. Waterfall due to rural properties, max XXXX% allowed per CORE DSCR guidelines. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
  SitusAMC

SitusAMC
Reviewer Comment (2026-06-29): Client elected to waive/regrade with compensating factors. Lender exception provided.
    06/29/2026 Yes 2 C B C B C B C B C B   FL Investment Purchase   D B D B     A A   N/A No
XXXXX 4000132163 XXXXX   XXXXX     Credit Property - Appraisal Appraisal Reconciliation Property - Appraisal Fewer than two sold comparables were used in the property valuation.     Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
  SitusAMC

SitusAMC
Reviewer Comment (2026-06-29): Client elected to waive/regrade with compensating factors. Lender exception provided.
    06/29/2026 Yes 2   B   B   B   B   B   FL Investment Purchase   D B D B     A A   N/A No
XXXXX 4000130109 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2026-06-16): Accepted as is.
    06/16/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B B B A A N/A N/A No
XXXXX 4000130109 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-06-16): Accepted as is.
    06/16/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Cash-out - Other   B B B B B B A A N/A N/A No
XXXXX 4000130444 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   TX Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130342 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000130342 XXXXX   XXXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of XXXX% or Final Disclosure APR of XXXX% is equal to or greater than the threshold of APOR XXXX% + XXXX%, or XXXX%.  Non-Compliant Higher Priced Mortgage Loan. Loan: APR on subject loan of XXXX% or Final Disclosure APR of XXXX% is equal to or greater than the threshold of APOR XXXX% + XXXX%, or XXXX%. Non-Compliant Higher Priced Mortgage Loan.       Reviewer Comment (2026-06-24): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/24/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000130342 XXXXX   XXXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-24): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/24/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000132016 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Donor Check not provided   Missing evidence of receipt of gift funds in the amount of $XXXX.       Reviewer Comment (2026-06-23): Received Donor Check. Exception cleared.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): EMD Gift funds
06/23/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
XXXXX 4000132016 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Donor Check not provided   Missing evidence of receipt of donor check in the amount of $XXXX.       Reviewer Comment (2026-06-26): Received, Clearing.


Seller Comment (2026-06-25): Comment from XXXX (XXXX): Gift Wire
06/26/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
XXXXX 4000132427 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of appraisal was not found in file.       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   C B A A C B A A Non QM Non QM No
XXXXX 4000132427 XXXXX   XXXXX     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-9 form was used, the H-8 form should have been used.         Reviewer Comment (2026-06-24): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Hello, this loan was funded through XXXX as XXXX is our Mini-Correspondent. Therefore, XXXX was the Creditor for Loan #; XXXX that funded in XXXX. Please kindly see the attached First Payment Letter asking the Borrower to make the first payment to XXXX showing the loan number and the Note showing the same loan number. Therefore, H-9 form would be the correct form to use. Thank you.
06/24/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B A A C B A A Non QM Non QM Yes
XXXXX 4000132331 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard Insurance Coverage Amount is insufficient.       Reviewer Comment (2026-06-18): Updated Replacement cost value, Exception Cleared.


Buyer Comment (2026-06-18): Comment from XXXX (XXXX): Please see original scanned docs under property hazard insurance. Should be page 9. There is a replacement cost estimator reflecting $XXXX which is the same coverage and sufficient per guidelines.
06/18/2026     No 1 C A C A C A C A C A   PA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000132331 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX. $XXXX over legal limit. Insufficient or no cure was provided to the borrower. (XXXX)       Reviewer Comment (2026-06-19): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Please see PCCD docs. There was a clerical error and the lender credit for $XXXX due to the appraisal fee increase was entered into the system incorrectly. This has been corrected and legal limit is $XXXX.
06/19/2026     No 1 C A C A C A C A C A   PA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXXXX 4000132331 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX. $XXXX over legal limit. Insufficient or no cure was provided to the borrower. (XXXX)       Reviewer Comment (2026-06-19): Cured at closing or within 60 days of consummation prior to TPR review


Buyer Comment (2026-06-18): Comment from XXXX (XXXX): Please waive condition as the Final Closing Disclosure reflects a cure of $XXXX for the credit report fee violation.
  XXXXX   No 1 C B C B C B C B C B   PA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B C A C B A A Non QM Non QM Yes
XXXXX 4000132331 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 calendar days of the Note. - Verification(s) of employment is not within 10 calendar days of the Note.       Reviewer Comment (2026-06-19): Received VVOE. Exception cleared.


Seller Comment (2026-06-19): Comment from XXXX (XXXX): Please see attached VVOE
06/19/2026     No 1 C A C A C A C A C A   PA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000132331 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Verification of the Bridge Loan was not provided in file.       Reviewer Comment (2026-06-18): Received the Closing Disclosure confirming that the verification of the bridge loan from the refinance of the property at XXXX included in assets. Exception cleared.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Please see attached final CD for bridge loan to confirm proceeds and payoff.
06/18/2026     No 1 C A C A C A C A C A   PA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000132331 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Verification(s) of employment are not within 10 calendar days of the Note. Verification of the bridge loan was not provided in the file.       Reviewer Comment (2026-06-18): Received the Closing Disclosure confirming that the verification of the bridge loan from the refinance of the property at XXXX included in assets. Exception cleared.
06/18/2026     No 1 B A C A B A C A B A   PA Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
XXXXX 4000132331 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Verification(s) of employment are not within 10 calendar days of the Note. Verification of the bridge loan was not provided in the file.       Reviewer Comment (2026-06-18): Received the Closing Disclosure confirming that the verification of the bridge loan from the refinance of the property at XXXX included in assets. Exception cleared.
06/18/2026     No 1 C A C A C A C A C A   PA Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000130228 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
XXXXX 4000130228 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Please provide paid invoice for POCB Appraisal Fee of $XXXX.       Reviewer Comment (2026-06-18): Received POCB Invoice for Appraisal Fee. Exception cleared.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/18/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
XXXXX 4000130228 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Please provide paid invoice for POCB Appraisal Fee of $XXXX.       Reviewer Comment (2026-06-18): Received POCB Invoice for Appraisal Fee. Exception cleared.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/18/2026     No 1 B A C A B A C A B A   CA Primary Refinance - Rate/Term Lender to provide updated ATR/QM status C B C A C B A A Non QM Non QM Yes
XXXXX 4000130228 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Assets Ability to Repay (Dodd-Frank 2014): Unable to verify assets using reasonably reliable third-party records. Please provide paid invoice for POCB Appraisal Fee of $XXXX.       Reviewer Comment (2026-06-18): Received POCB Invoice for Appraisal Fee. Exception cleared.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/18/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
XXXXX 4000130228 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Please provide paid invoice for POCB Appraisal Fee of $XXXX.       Reviewer Comment (2026-06-18): Received POCB Invoice for Appraisal Fee. Exception cleared.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/18/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
XXXXX 4000130228 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Please provide paid invoice for POCB Appraisal Fee of $XXXX.       Reviewer Comment (2026-06-18): Received POCB Invoice for Appraisal Fee. Exception cleared.
06/18/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term   C B C A C B A A Non QM Non QM No
XXXXX 4000130630 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Trust Agreement (Asset) not provided   Trust agreement is missing for access to funds in the trust account. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2026-07-21): Client exception received.


Seller Comment (2026-07-20): Comment from XXXX (XXXX): exception approved please clear


Reviewer Comment (2026-07-06): An exception from the buyer of the loan is needed since the trust wasn't provided.


Seller Comment (2026-07-02): Comment from XXXX (XXXX): Emailed from XXXX Advisor confirming access


Reviewer Comment (2026-06-26): Please provide verification to prove this and the trust itself.


Seller Comment (2026-06-25): Comment from XXXX (XXXX): For XXXX, my Aunt XXXX died several years prior to my dad's passing, but he never updated the trust to remove her. I am the only other person listed, so anything that had her name associated with it, reverted to me.
    07/21/2026 Yes 2 C B C B C B C B C B   CO Investment Refinance - Rate/Term   C B C B     A A   N/A No
XXXXX 4000130472 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception - XXXX used to estimate STR income for property recently purchased by borrower that does not have sufficient history of receipt to meet guidelines (12 months). Situation, Borrower has purchased property in XXXX in XXXX. It is listed for STR rent, but not enough time has passed since purchase to allow for 12 month history of receipt.
XXXX report shows $XXXX/month average.
The Lender exception form in the loan file is not completed.  Provide completed lender exception form.
Borrower has been employed in the same industry for more than 5 years.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-17): Client exception received.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): Attaching the exception approval for the use of XXXX on non-subject REO w/out 12 month history. This is what they sent us, and is in file attached to the 1008.
    06/17/2026 Yes 2 C B C B C B C B C B   WA Primary Purchase   D B D B A A A A Non QM Non QM No
XXXXX 4000130472 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Other not provided   An LOE for Intent to Sell departing residence is not in the loan file.       Reviewer Comment (2026-06-17): Received, Clearing.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): XXXX shows house was already listed for sale before we closed.
06/17/2026     No 1 C A C A C A C A D A   WA Primary Purchase   D B D B A A A A Non QM Non QM No
XXXXX 4000130694 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-18): Clearing based on review coming back within tolerances.
06/18/2026     No 1 C A C A C A C A C A   MD Investment Purchase   C A C A     A A   N/A No
XXXXX 4000132564 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-18): Clearing based on review coming back within tolerances.
06/18/2026     No 1 C A C A C A C A C A     Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000132564 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003   1003 Final is missing.       Reviewer Comment (2026-06-16): Received, Clearing.


Seller Comment (2026-06-16): Comment from XXXX (XXXX): Loan application attached
06/16/2026     No 1 C A C A C A C A C A     Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000130683 XXXXX   XXXXX     Compliance TRID Document Error TRID Closing Disclosure: Dates are not in chronological order. - Issue Date: ___; Received Date: ___; Signed Date: ___ Closing disclosure Issue Date: XXXX; Received Date: XXXX.       Reviewer Comment (2026-06-16): Accepted as is.
    06/16/2026 No 2 B B B B B B B B B B   NJ Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130633 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-16): Accepted as is.
    06/16/2026 No 2 B B B B B B B B B B   WA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130493 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Cure of XXXX provided for Appraisal Fee.       Reviewer Comment (2026-06-24): Cured at closing or within 60 days of consummation prior to TPR review


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Copy of PC CD, letter to borrower, refund check and fed ex label.
  XXXXX   No 1 C B C B C B C B C B   TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000130493 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for TX Guaranty Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. No cure provided for TX Guaranty Fee.       Reviewer Comment (2026-06-24): XXXX Received  Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.
  XXXXX   No 2 C B C B C B C B C B   TX Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000130486 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B A A B B A A N/A N/A No
XXXXX 4000129922 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Missing appraisal for departing residence.       Reviewer Comment (2026-06-18): Received the Appraisal for the departing residence at XXXX. Exception cleared.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): Appraisal
06/18/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000132496 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-18): Clearing based on review coming back within tolerances.
06/18/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000132496 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000132496 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Insurance Missing Document: Flood Certificate not provided   Flood Certificate is Missing       Reviewer Comment (2026-06-18): Received Flood Certificate. Exception cleared.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): flood cert
06/18/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000130591 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower was not provided       Reviewer Comment (2026-06-16): Accepted as is.
    06/16/2026 No 2 B B B B B B B B B B   WA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130878 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-18): Clearing based on review coming back within tolerances.
06/18/2026     No 1 C A C A C A C A C A   NY Primary Purchase   C A C A B A A A Non QM Exempt from ATR No
XXXXX 4000130878 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to the applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-22): Received appraisal e-delivery


Seller Comment (2026-06-20): Comment from XXXX (XXXX): See attached proof of deliveries.
06/22/2026     No 1 B A B A B A B A B A   NY Primary Purchase   C A C A B A A A Non QM Exempt from ATR No
XXXXX 4000130878 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Loan exempt from QM/ATR submitted with a loan originator designation other than ATR Exempt. QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule. TILA loan designation remains ATR Exempt.       Reviewer Comment (2026-06-22): Client elects to waive
    06/22/2026 No 2 A A A A A A A A A A   NY Primary Purchase   C A C A B A A A Non QM Exempt from ATR No
XXXXX 4000129851 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-18): Clearing based on review coming back within tolerances.
06/18/2026     No 1 C A C A C A C A C A   CT Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129205 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Exterior is hardboard / log / good. Subject has a log exterior that is layered in and visible from inside of two bedrooms. Exception approved for a "XXXX" log home with -125 LPA and with noted comp factors = EP Second home purchase transaction w/20% down payment, XXXX FICO, XXXX% DTI, XXXX months reserves and$XXXX+ monthly residual. Borrower has been employed in the same industry for more than 5 years.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-17): Client elects to waive/regrade with compensating factors.
    06/17/2026 Yes 2 B B B B B B B B B B   AZ Second Home Purchase   C B B B C A A A Non QM Non QM No
XXXXX 4000129205 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-16): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   AZ Second Home Purchase Final CD evidences Cure C B B B C A A A Non QM Non QM Yes
XXXXX 4000129205 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver Test TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Initial Closing Disclosure was not provided to Borrower(s) at least three (3) business days prior to closing.       Reviewer Comment (2026-06-19): XXXX received XXXX Initial CD, 3 business days prior to the consummation.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): see attached
06/19/2026     No 1 C A C A C A C A C A   AZ Second Home Purchase No Defined Cure C B B B C A A A Non QM Non QM No
XXXXX 4000128076 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided           Reviewer Comment (2026-06-18): Received Fraud Report. Exception cleared.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Fraud Report
06/18/2026     No 1 C A C A C A C A C A   HI Second Home Purchase   C B C B B B A A Non QM Non QM No
XXXXX 4000128076 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XXXX,  Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX. Tax Return Extension verified in file.

Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XXXX, Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX. (XXXX/Schedule K-1 less than 25 Percent)
      Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   HI Second Home Purchase   C B C B B B A A Non QM Non QM No
XXXXX 4000128076 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception is to allow for a Second Home purchase - Property is a second home with an ADU. The ADU has long term rent agreement. No rental income being used to qualify for the loan
Compensating Factors include  Low DTI, Long term employment (25 yrs) and long term home ownership, strong credit.
Borrower has been employed in the same industry for more than 5 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-17): Lender exception approved
    06/17/2026 Yes 2 B B B B B B B B B B   HI Second Home Purchase   C B C B B B A A Non QM Non QM No
XXXXX 4000130777 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-18): Clearing based on review coming back within tolerances.
06/18/2026     No 1 C A C A C A C A C A   GA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130433 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-18): Clearing based on review coming back within tolerances.
06/18/2026     No 1 C A C A C A C A C A   NV Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130719 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. No cure was provided.       Reviewer Comment (2026-06-25): XXXX received Post CD and LOX along with Final SS.


Seller Comment (2026-06-24): Comment from XXXX (XXXX): pccd and final ss
06/25/2026     No 1 C A C A C A C A C A   NV Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C A A A Non QM Non QM Yes
XXXXX 4000130719 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception for DTI exceeds XXXX% for Non-Occupant Co-Borrower transaction.
Compensating factors include primary borrower income = 2.2 x greater than subject PITIA from W2 earnings with additional rental income from Departing Residence. XXXX income is fixed type with additional earnings from Inv property. Both meet tradeline requirements. Primary borrower contributing all assets towards transaction.
Borrower has been employed in the same industry for more than 5 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-17): Lender exception approved
    06/17/2026 Yes 2 B B B B B B B B B B   NV Primary Purchase   C B B B C A A A Non QM Non QM No
XXXXX 4000130719 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within XXXX and does not reflect a coverage amount (no final title policy in file).       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   NV Primary Purchase   C B B B C A A A Non QM Non QM No
XXXXX 4000130806 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   WA Second Home Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130806 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-16): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   WA Second Home Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
XXXXX 4000129407 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver Test TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing       Reviewer Comment (2026-06-19): XXXX received XXXX Initial CD, 3 business days prior to the consummation.


Seller Comment (2026-06-18): Comment from XXXX(XXXX): iCD XXXX
06/19/2026     No 1 C A C A C A C A C A   WA Primary Purchase No Defined Cure C A C A C A A A Non QM Non QM No
XXXXX 4000129407 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Donor Check not provided   Missing evidence of receipt of gift funds in the amount of $XXXX.       Reviewer Comment (2026-06-18): Received wire confirmation for gift funds of $XXXX. Exception cleared.


Seller Comment (2026-06-18): Comment from XXXX(XXXX): Gift Fund Wire $XXXX
06/18/2026     No 1 C A C A C A C A C A   WA Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000130951 XXXXX   XXXXX     Credit Credit Credit Documentation Credit There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan.           Reviewer Comment (2026-06-24): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): rental schedule lox
06/24/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000132639 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within XXXX and does not reflect a coverage amount (no final title policy in file).       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   D B B B B B D A Non QM Non QM No
XXXXX 4000132639 XXXXX   XXXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Appraisal is missing. Sec ID: 1   Loan is to be securitized. Appraisal is missing.       Reviewer Comment (2026-06-18): Received Appraisal. Exception cleared.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/18/2026     No 1 D A D A D A D A D A   CA Primary Refinance - Rate/Term   D B B B B B D A Non QM Non QM No
XXXXX 4000132639 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of appraisal is not found in the file.       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   D B B B B B D A Non QM Non QM No
XXXXX 4000130886 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000131798 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Verification of appraisal delivery to borrower was not provided.       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   TX Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000131798 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-16): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   TX Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
XXXXX 4000129581 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-18): Clearing based on review coming back within tolerances.
06/18/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A A A A A N/A N/A No
XXXXX 4000132153 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-19): Clearing based on review coming back within tolerances.
06/19/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A A A A A N/A N/A No
XXXXX 4000129449 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.         Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000131748 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Organization/Formation not provided   The file is missing copy of Article of Organization/ Formation document .       Reviewer Comment (2026-06-18): Received Articles of Organization/Formation. Exception cleared.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Cert of Organization
06/18/2026     No 1 C A C A C A C A C A   UT Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000131748 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   The file is missing copy of Operating Agreement document . Borrower has owned the subject property for at least 5 years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Seasoned Borrower/Investor whose experience exceeds 10 completed projects.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-07-02): Client elects to waive with compensating factors


Reviewer Comment (2026-07-02): We need the signed exception from the buyer of the loan.


Seller Comment (2026-07-01): Comment from XXXX (XXXX): Email from XXXX (XXXX) approving use of lender certification for Operating Agreement requirements for state of XXXX.


Reviewer Comment (2026-07-01): The Lender exception requires "borrower to provide signed LOE regarding single member LLC with no Operating Agreement."


Seller Comment (2026-07-01): Comment from XXXX (XXXX): Loan Exception for Operating Agreement requirement


Reviewer Comment (2026-06-26): As per XXXX DSCR Guidelines Operating Agreement is required. Exception remains.


Seller Comment (2026-06-25): Comment from XXXX (XXXX): Condition Rebuttal


Reviewer Comment (2026-06-22): Required Operating Agreement for Business Entity XXXX. Exception remains.


Seller Comment (2026-06-22): Comment from XXXX (XXXX): Operating Agreement for XXXX


Reviewer Comment (2026-06-18): Required Operating Agreement for Business Entity XXXX. Exception remains.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Business entity docs
    07/02/2026 Yes 2 C B C B C B C B C B   UT Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000131748 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Lease Agreement not provided   Lease agreement was not provided in file.       Reviewer Comment (2026-06-18): Received Lease Agreement. Exception cleared.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Lease agreement
06/18/2026     No 1 C A C A C A C A C A   UT Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000131748 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Hazard Insurance Policy expires within 90 days of the Note Date. Hazard Insurance Policy Expiration Date ___, Note Date ___ The master policy expires within 90 days of the Note Date.       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   UT Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000132638 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. The Title Policy Amount of $XXXX is less than the note amount of $XXXX based on the Preliminary in file.       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   NV Investment Purchase   C B C B B B A A N/A N/A No
XXXXX 4000132638 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   NV Investment Purchase   C B C B B B A A N/A N/A No
XXXXX 4000132638 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation 1003/Declarations are incomplete:  D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? reflects neither Yes nor No.  Unable to determine qualification without this information. - Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? is blank.       Reviewer Comment (2026-06-18): Received 1003 updated Declarations page. Exception cleared.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/18/2026     No 1 C A C A C A C A C A   NV Investment Purchase   C B C B B B A A N/A N/A No
XXXXX 4000130474 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Evidence of Access to Funds not provided   Evidence of Access to Funds is missing signature.       Reviewer Comment (2026-06-19): Received signed Evidence of Access to Funds. Exception cleared.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): LOE Access
06/19/2026     No 1 C A C A C A C A C A   TN Investment Purchase   C A C A     A A   N/A No
XXXXX 4000128831 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver Test TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing.       Reviewer Comment (2026-06-19): XXXX received initial CD.


Seller Comment (2026-06-18): Comment from XXXX(XXXX): iCD XXXX and audit log for disclosure
06/19/2026     No 1 C A C A C A C A C A   CA Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
XXXXX 4000128831 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower. 0% tolerance was exceeded by $XXXX due to Lender Credits No valid Change of Circumstance provided, nor evidence of cure in file.       Reviewer Comment (2026-06-19): XXXX received a valid COC.


Seller Comment (2026-06-18): Comment from XXXX(XXXX): Subject prop in escrow state - pls see PCCD/LOE and Final Settlement Stmt.  Upon review, pls clarify condition.
06/19/2026     No 1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Non QM Yes
XXXXX 4000130288 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-19): Clearing based on review coming back within tolerances.
06/19/2026     No 1 C A C A C A C A C A   TN Investment Purchase   C A C A     A A   N/A No
XXXXX 4000132151 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower was not provided       Reviewer Comment (2026-06-18): Accepted as is.
    06/18/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000132151 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-19): Clearing based on review coming back within tolerances.
06/19/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000131191 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
Coverage amount not provided on preliminary title.       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000131191 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Appraisal dated XXXX is missing evidence of receipt.       Reviewer Comment (2026-06-17): Accepted as is.
    06/17/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000131280 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Coverage is short $XXXX.       Reviewer Comment (2026-06-17): RCE, cleared


Seller Comment (2026-06-17): Comment from XXXX (XXXX): RCE attached ;)


Reviewer Comment (2026-06-17): Required Replacement Cost Estimator. Exception remains.


Seller Comment (2026-06-17): Comment from XXXX (XXXX): attached
06/17/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000128030 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation       Reviewer Comment (2026-06-18): Accepted as is.
    06/18/2026 No 2 B B B B B B B B B B   VA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000128030 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-17): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   VA Primary Purchase Final CD evidences Cure C B C A B B A A Non QM Non QM Yes
XXXXX 4000128030 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 calendar days of the Note. - Verification(s) of employment is not within 10 calendar days of the Note.
Income Type: Wages / Start Date: XXXX
      Reviewer Comment (2026-06-19): VVOE provided. Cleared.


Seller Comment (2026-06-19): Comment from XXXX (XXXX): i've uploaded voe for volvo dated XXXX.  date is listed at the bottom. This is  prior per your request.


Reviewer Comment (2026-06-19): ATR cannot view employment the note signing. An exception from the buyer would be needed.


Seller Comment (2026-06-19): Comment from XXXX (XXXX): PLEASE TAKE  A SECOND LOOK  PER YOUR GUIDELINES.


Reviewer Comment (2026-06-18): The VOE is dated Post close Verified on XXXX.  Provide VVOE dated within 10 days prior to the Note date.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): please review again the  verification is the  first document. i separated them.


Reviewer Comment (2026-06-18): Provide Verification(s) of employment for XXXX. Exception remains.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): revised voe
06/19/2026     No 1 C A C A C A C A C A   VA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000132004 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-19): Clearing based on review coming back within tolerances.
06/19/2026     No 1 C A C A C A C A C A   NV Investment Purchase   C A C A     A A   N/A No
XXXXX 4000132595 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.           Reviewer Comment (2026-07-01): Received Replacement Cost Estimator and the shortfall is covered. Exception cleared.


Seller Comment (2026-06-30): Comment from XXXX (XXXX): RCE attached


Reviewer Comment (2026-06-26): Dwelling additional coverage endorsement is present however % of extention is not mentioned. Exception remains.


Buyer Comment (2026-06-26): Comment from XXXX (XXXX): Hello, can you please review the Homeowner insurance it also includes Dwelling additional coverage endorsement which would be sufficient coverage. Please advise, thank you.
07/01/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000132260 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Guarantor Agreement not provided   Guarantor Agreement was not found in file.       Reviewer Comment (2026-06-18): Received, Clearing.


Seller Comment (2026-06-18): Comment from Post  Closing (XXXX): Agreement
06/18/2026     No 1 D A D A D A D A D A   FL Investment Purchase   D A D A     A A   N/A No
XXXXX 4000130600 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception for mortgage with 180+ day lates in last 4 years. Borrower has been employed in the same industry for more than 5 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-18): Lender exception approved
    06/18/2026 Yes 2 B B B B B B B B B B   MA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000130528 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Closing Disclosure Timing without Waiver Test TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. Initial CD not received 3 days prior to closing.       Reviewer Comment (2026-06-24): XXXX received initial CD.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Initial CD
06/24/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Non QM No
XXXXX 4000132382 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
Preliminary Title Report does not list coverage amount.       Reviewer Comment (2026-06-18): Accepted as is.
    06/18/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
XXXXX 4000129651 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail.       Reviewer Comment (2026-06-22): Income docs provided. Cleared.


Seller Comment (2026-06-22): Comment from XXXX (XXXX): mavent
06/22/2026     No 1 B A C A B A C A B A   ID Primary Purchase Lender to provide updated ATR/QM status C A C A C A A A Non QM Non QM Yes
XXXXX 4000129651 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Employment - W-2 Ability to Repay (Dodd-Frank 2014): Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records. Unable to verify current Wages/W-2 employment status using reasonably reliable third-party records.       Reviewer Comment (2026-06-22): Income docs provided. Cleared.


Seller Comment (2026-06-22): Comment from XXXX (XXXX): income
06/22/2026     No 1 C A C A C A C A C A   ID Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000129651 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - Wages Ability to Repay (Dodd-Frank 2014):  Unable to verify income due to, missing  W-2, Paystub, LES, ETS or WVOE. Unable to verify income due to, missing W-2, Paystub, LES, ETS or WVOE.       Reviewer Comment (2026-06-22): Income docs provided. Cleared.


Seller Comment (2026-06-22): Comment from XXXX (XXXX): income
06/22/2026     No 1 C A C A C A C A C A   ID Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000129651 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. General Ability-to-Repay requirements not satisfied.       Reviewer Comment (2026-06-22): Income docs provided. Cleared.
06/22/2026     No 1 A A A A A A A A A A   ID Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000129651 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX. $XXXX over legal limit. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-24): Upon further review consumer within 0% tolerance requirements.


Seller Comment (2026-06-22): Comment from XXXX (XXXX): We used the COC verbiage stating that schedule of rents was required on departing residence. This COC was already in file.
06/24/2026     No 1 C A C A C A C A C A   ID Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM Yes
XXXXX 4000129651 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - VVOE/WVOE is Missing       Reviewer Comment (2026-06-22): Income docs provided. Cleared.
06/22/2026     No 1 C A C A C A C A C A   ID Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000129651 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Loan does not meet one or more guideline components which could impact the borrower's ability to repay.       Reviewer Comment (2026-06-22): Income docs provided. Cleared.
06/22/2026     No 1 C A C A C A C A C A   ID Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000129651 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Verification(s) of employment is not within 10 calendar days of the Note. - Verification(s) of employment was not provided.       Reviewer Comment (2026-06-22): Income docs provided. Cleared.
06/22/2026     No 1 C A C A C A C A C A   ID Primary Purchase   C A C A C A A A Non QM Non QM No
XXXXX 4000129651 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.         Reviewer Comment (2026-06-22): Income docs provided. Cleared.
06/22/2026     No 1   A   A   A   A   A   ID Primary Purchase Lender to provide updated ATR/QM Loan Designation C A C A C A A A Non QM Non QM Yes
XXXXX 4000131668 XXXXX   XXXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Loan to value discrepancy. Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___.   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
  SitusAMC

SitusAMC
Reviewer Comment (2026-07-02): Client exception received.


Seller Comment (2026-07-02): Comment from XXXX (XXXX): exception granted
    07/02/2026 Yes 2 C B C B C B C B C B   TX Investment Purchase   C B C B     A A   N/A No
XXXXX 4000132046 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
Preliminary Title Report does not list coverage amount.       Reviewer Comment (2026-06-19): Accepted as is.
    06/19/2026 No 2 B B B B B B B B B B   CA Investment Purchase   C B C B B B A A N/A N/A No
XXXXX 4000132046 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Lease Agreement is missing.       Reviewer Comment (2026-06-22): Received Lease agreement. Exception cleared.


Seller Comment (2026-06-22): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/22/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C B B B A A N/A N/A No
XXXXX 4000132046 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Closing Statement is missing for Secured Loan funds.       Reviewer Comment (2026-06-24): Received Closing statement confirming that the Net Proceeds from refinance of Real Estate of property CA included in assets. Exception cleared.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Hello, please see attached, thank you.


Reviewer Comment (2026-06-22): Received 1003 confirms that the funds have already been deposited into borrower account #XXXX. Please provide the source documentation such as the Closing Statement, HUD, or Closing Disclosure supporting the large deposit of $XXXX. Exception remains.


Seller Comment (2026-06-22): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/24/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C B C B B B A A N/A N/A No
XXXXX 4000132046 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of Appraisal is missing.       Reviewer Comment (2026-06-19): Accepted as is.
    06/19/2026 No 2 B B B B B B B B B B   CA Investment Purchase   C B C B B B A A N/A N/A No
XXXXX 4000131666 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard Insurance Coverage Amount is insufficient.       Reviewer Comment (2026-06-23): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): attached RCE


Reviewer Comment (2026-06-18): Per guidelines: • 100% of the replacement cost value of the improvements as of the current property insurance policy
effective date, or the unpaid principal balance of the loan, provided it equals no less than 80% of the
replacement cost value of the improvements as of the current property insurance policy effective date.
• All other coverages/property types follow FNMA policy.

The loan amount doesn't play in this scenario.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): HOI reflects sufficient coverage: dwelling is at XXXX and loan amt is XXXX
06/23/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000131666 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   The file is missing a copy of Employer Identification Number (EIN)       Reviewer Comment (2026-06-19): Received Employer Identification Number (EIN). Exception cleared.


Seller Comment (2026-06-19): Comment from XXXX (XXXX): attached EIN
06/19/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000131666 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   The file is missing a copy of Operating Agreement       Reviewer Comment (2026-06-19): Received Operating Agreement. Exception cleared.


Seller Comment (2026-06-19): Comment from XXXX (XXXX): attached Op Agr


Reviewer Comment (2026-06-19): The exception was closed in error. Still missing the Operating Agreement.


Buyer Comment (2026-06-19): Comment from XXXX (XXXX): Cleared - Received, Clearing.


Reviewer Comment (2026-06-19): Closed in error.


Reviewer Comment (2026-06-19): Received, Clearing.
06/19/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000131666 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The note must be signed by the guarantor(s) in their individual capacity and as member(s) and/or managing member(s) of the entity. If the note is not updated to reflect the signature requirements a personal guaranty agreement is required for both guarantors.       Reviewer Comment (2026-06-19): Received, Clearing.


Seller Comment (2026-06-18): Comment from XXXX (XXXX): please see attached personal guaranty agreement
06/19/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000131678 XXXXX   XXXXX     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 ___. LTV of XXXX% exceeds guideline loan to value percentage of XXXX%.       Reviewer Comment (2026-06-22): Client is okay with slight discrepancy, cleared
06/22/2026     No 1 C A C A C A C A C A   NC Investment Purchase   C A C A     A A   N/A No
XXXXX 4000131678 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Provide housing history for current primary, VOR. or 12 months cancelled checks, bank debits, or via credit report.       Reviewer Comment (2026-07-08): VOR provided. Cleared.


Seller Comment (2026-07-08): Comment from XXXX (XXXX): attached rental prop
07/08/2026     No 1 C A C A C A C A C A   NC Investment Purchase   C A C A     A A   N/A No
XXXXX 4000132632 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-22): Cleared based on review coming back within tolerances
06/22/2026     No 1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
XXXXX 4000131628 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-19): Accepted as is.
    06/19/2026 No 2 B B B B B B B B B B   MD Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000131628 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-19): Accepted as is.
    06/19/2026 No 2 B B B B B B B B B B   MD Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000133068 XXXXX   XXXXX     Compliance Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete Note Missing Document: Note - Subject Lien not provided   GAP Note and Consolidated Note was not found in file.       Reviewer Comment (2026-06-26): Received Consolidated Note. Exception cleared.


Seller Comment (2026-06-26): Comment from XXXX (XXXX): misc
06/26/2026     No 1 D A D A D A D A D A   NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
XXXXX 4000133068 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided   GAP Mortgage & consolidated mortgage security instrument was not found in file.       Reviewer Comment (2026-06-26): Received Consolidated mortgage. Exception cleared.


Seller Comment (2026-06-26): Comment from XXXX (XXXX): misc
06/26/2026     No 1 D A D A D A D A D A   NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
XXXXX 4000133068 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Provided Prior to Date Performed ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements.         Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
XXXXX 4000133068 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation Unable to determine if the borrower signed a valuation receipt acknowledgment due to missing information.         Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
XXXXX 4000133068 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation Unable to determine if the borrower signed a valuation receipt acknowledgment due to missing information.         Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
XXXXX 4000133068 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-06-29): Accepted as is.
    06/29/2026 No 2   B   B   B   B   B   NY Primary Refinance - Cash-out - Other   D B D A D B A A Non QM Non QM No
XXXXX 4000132229 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-22): Cleared based on review coming back within tolerances
06/22/2026     No 1 C A C A C A C A C A   TN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000131630 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-22): Cleared based on review coming back within tolerances
06/22/2026     No 1 C A C A C A C A C A   NV Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000129520 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2026-06-19): Accepted as is.
    06/19/2026 No 2 B B B B B B B B B B   NY Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Exempt from ATR No
XXXXX 4000129520 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-06-19): Accepted as is.
    06/19/2026 No 2 A A A A A A A A A A   NY Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Exempt from ATR No
XXXXX 4000129520 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided           Reviewer Comment (2026-06-21): Received Verification of Mortgage (VOM). Exception cleared.


Seller Comment (2026-06-20): Comment from XXXX (XXXX): See attached VOM
06/21/2026     No 1 C A C A C A C A C A   NY Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Exempt from ATR No
XXXXX 4000109182 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of XXXX exceeds tolerance of XXXX . Insufficient or no cure was provided to the borrower. Final Lender Credit of XXXX  exceeds tolerance of XXXX . Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-02-10): COC in file indicates pricing change due to granted exception.  Approved exception form reflecting it was within 3 business days of pricing change received in trailing doucments.


Reviewer Comment (2026-01-27): The exception is not clearable at this time. Lender credit changes are generally tied to pricing. VCCs that may affect pricing change are a loan product change, rate lock, rate lock extension, relock and loan amount change in certain situations. The XXXX CD shows the addition of LDP fees, which may be tied to pricing change, but the VCC does not indicate a reason for the change and the file does not support any pricing change documentation for the time period in any other documentation. The seller would need to provide the reason for the change and supporting documentation about when they were notified of the change.


Buyer Comment (2026-01-27): Attached find COC showing the Lender Credit was removed.
02/10/2026     No 1 C A C A C A C A C A   NJ Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Exempt from ATR No
XXXXX 4000109182 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-01-14): CDFI lender testing ATR.
    01/14/2026 No 2 A A A A A A A A A A   NJ Primary Purchase   C A A A C A A A Non QM Exempt from ATR No
XXXXX 4000129125 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception in file for zoning, property is zoned as multiple use agricultural 10acres minimum. Compensating factors include FICO XXXX, LTV XXXX% and XXXX in residual income. Borrower has verified disposable income of at least $2500.00.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-19): Client elects to waive/regrade with compensating factors.
    06/19/2026 Yes 2 B B B B B B B B B B   OR Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000128508 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Initial Loan Estimate Timing Electronically Provided TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. (Initial/XXXX)       Reviewer Comment (2026-06-24): XXXX received initial LE.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Initial Disclosures
06/24/2026     No 1 C A C A C A C A C A   NJ Primary Purchase   C A A A C A A A Non QM Non QM No
XXXXX 4000128508 XXXXX   XXXXX     Compliance Compliance Federal Compliance TILA CHARM Booklet Disclosure Timing TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application. Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower within three (3) days of application.       Reviewer Comment (2026-06-23): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Initial Disclosures
06/23/2026     No 1 C A C A C A C A C A   NJ Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
XXXXX 4000128508 XXXXX   XXXXX     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Test TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of application.         Reviewer Comment (2026-06-23): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Initial Disclosures
06/23/2026     No 1 C A C A C A C A C A   NJ Primary Purchase No Defined Cure C A A A C A A A Non QM Non QM No
XXXXX 4000131022 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Loan Package Documentation Missing Document: Rider - 1-4 Family not provided   The file is missing a copy of Rider - 1-4 Family.       Reviewer Comment (2026-06-24): Received 1-4 Family rider. Exception cleared.


Seller Comment (2026-06-24): Comment from XXXX (XXXX): 1-4 Rider
06/24/2026     No 1 C A C A C A C A C A   RI Investment Purchase   C A C A     A A   N/A No
XXXXX 4000128078 XXXXX   XXXXX     Compliance Compliance Federal Compliance TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date Truth in Lending Act:  Subject loan transaction disbursed on XXXX, prior to three (3) business days from transaction date of XXXX.         Reviewer Comment (2026-06-22): PCCD provided to clear.


Seller Comment (2026-06-22): Comment from XXXX (XXXX): Final CD
06/22/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Rate/Term TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form C B C B C B A A Non QM Non QM Yes
XXXXX 4000128078 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XXXX,  Most Recent Tax Return End Date XXXX Tax Return Due Date XXXX. 1040 and 1120S tax return extension for 2025 on file       Reviewer Comment (2026-06-22): Client elects to waive
    06/22/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
XXXXX 4000128078 XXXXX   XXXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file.           Reviewer Comment (2026-06-26): Received Title Evidence. Exception cleared.


Seller Comment (2026-06-26): Comment from XXXX (XXXX): This was attached to previous condition


Reviewer Comment (2026-06-25): No policy or commitment was provided.


Buyer Comment (2026-06-25): Comment from XXXX (XXXX): Please review policy uploaded to prior condition


Reviewer Comment (2026-06-24): Title Policy is not received. Exception remains.


Buyer Comment (2026-06-23): Comment from XXXX (XXXX): Title uploaded
06/26/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
XXXXX 4000128078 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2026-06-22): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   CA Primary Refinance - Rate/Term Final CD evidences Cure C B C B C B A A Non QM Non QM Yes
XXXXX 4000128078 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-06-29): Accepted as is.
    06/29/2026 No 2   B   B   B   B   B   CA Primary Refinance - Rate/Term   C B C B C B A A Non QM Non QM No
XXXXX 4000130415 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Layered entities are permitted up to two layers. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-30): Client elects to waive with compensating factors


Seller Comment (2026-06-30): Comment from XXXX (XXXX): See attached - XXXX Approved Exception


Reviewer Comment (2026-06-23): Per the XXXX guidelines: Layered entities are permitted up to two (2) layers, as long as the ownership structure is consistent from top to bottom, with no discrepancies.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Rebuttal:
There is not a place in the guidelines or matrix for theXXXX limiting the number of layers for LLC vesting.  The only place that "multi-level" is mentioned is highlighted (see attached) not showing a limit.  Please review and advise..
    06/30/2026 Yes 2 C B C B C B C B C B   TX Investment Purchase   C B C B     A A   N/A No
XXXXX 4000130753 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Appraiser provided STR market rate on 1007, but calculated using XXXX with XXXX% Occupancy Rate, when XXXX% is required. A fully executed Lender Exception document was not provided.       Reviewer Comment (2026-06-23): Clearing based on review coming back within tolerances.
06/23/2026     No 1 C A C A C A C A C A   WA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000130753 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-23): Clearing based on review coming back within tolerances.
06/23/2026     No 1 C A C A C A C A C A   WA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000130753 XXXXX   XXXXX     Credit Credit Credit Eligibility Credit Active Tradeline requirement not met. - Borrower has ___ Active Tradelines which is less than the minimum required by guidelines.   Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
  SitusAMC

SitusAMC
Reviewer Comment (2026-06-22): Client elected to waive/regrade with compensating factors. Lender exception provided.
    06/22/2026 Yes 2 B B B B B B B B B B   WA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000130079 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   All pages of the signed Note is cut off at the top, provide all pages of the executed Note.       Reviewer Comment (2026-06-22): Legible copy of Note provided. Cleared.


Seller Comment (2026-06-22): Comment from XXXX (XXXX): uploaded requested note
06/22/2026     No 1 C A C A C A C A C A   WA Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000130477 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   To allow loan to proceed even though sellers acquired subject property less than XXXX days. Sellers acquired the property through an inheritance. Please see the explanation and transfer deed. The previous owner was the sellers' grandfather that passed away on XXXX. Property went through probate and was transferred to the sellers on XXXX. Sales contract executed XXXX.  Approved not considered a flip transaction, .XXXX LPA with comp actors XXXX% down payment, XXXX FICO, XXXX DSCR, XXXX month reserves. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-22): Client elected to waive/regrade with compensating factors. Lender exception provided.
    06/22/2026 Yes 2 B B B B B B B B B B   SC Investment Purchase   B B B B     A A   N/A No
XXXXX 4000129963 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. NO valid COC or lender credit provided to borrower for Appraisal Review Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX.       Reviewer Comment (2026-06-24): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception.


Buyer Comment (2026-06-23): Comment from XXXX (XXXX): This was cured on the final CD
06/24/2026     No 1 C A C A C A C A C A   GA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000129963 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-06-22): Client elects to waive
    06/22/2026 No 2 B B B B B B B B B B   GA Primary Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000129963 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-24): Sufficient Cure Provided At Closing
  XXXXX   No 1   A   A   A   A   A   GA Primary Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
XXXXX 4000130687 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-06-22): Client elects to waive
    06/22/2026 No 2 B B B B B B B B B B   WA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000132736 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   Permanent Resident Alien document is missing.       Reviewer Comment (2026-06-23): Received Permanent Resident Card. Exception Cleared.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Permanent Resident card attached
06/23/2026     No 1 C A C A C A C A C A   VA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000132931 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   Note Addendum - Prepayment is missing.       Reviewer Comment (2026-06-24): Received Note Addendum - Prepayment. Exception cleared.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): prepayment addendum to note
06/24/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A Yes
XXXXX 4000132931 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   The file did not contain an estimated cost to replace from the insurer. Calculations are based on XXXX% of the insurable value of the improvements (from appraiser cost provided) using agency calculation methods. Coverage is insufficient by $XXXX.       Reviewer Comment (2026-06-25): Received, Clearing.


Seller Comment (2026-06-25): Comment from XXXX (XXXX): RCE
06/25/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000132865 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-24): Clearing based on review coming back within tolerances.
06/24/2026     No 1   A   A   A   A   A   NJ Investment Purchase   A A A A     A A   N/A No
XXXXX 4000129369 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   The file was missing a copy of Hazard Insurance Policy Document.       Reviewer Comment (2026-06-23): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): HOI
06/23/2026     No 1 C A C A C A C A C A   IL Primary Purchase   C A C A A A A A Non QM Non QM No
XXXXX 4000127813 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. The verification appraisal delivered to the borrower was not provided.       Reviewer Comment (2026-06-22): Client elects to waive
    06/22/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
XXXXX 4000127813 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-24): Clearing based on review coming back within tolerances.
06/24/2026     No 1   A   A   A   A   A   CA Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
XXXXX 4000131735 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The Preliminary title policy is within XXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.       Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000132171 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to the applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000132171 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within XXXX and does not reflect a coverage amount. Final title policy was not found in file.       Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000132029 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Provide a copy of the POCB appraisal invoice reflecting an amount of $XXXX to meet closing cost requirements.       Reviewer Comment (2026-06-23): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/23/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXXXX 4000132029 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXXXX 4000132029 XXXXX   XXXXX     Compliance Compliance Federal Compliance Federal HPML Federal HPML 2014 Non Compliant Federal Higher-Priced Mortgage Loan: APR on subject loan of XXXX% or Final Disclosure APR of XXXX% is equal to or greater than the threshold of APOR XXXX% + XXXX%, or XXXX%.  Non-Compliant Higher Priced Mortgage Loan.         Reviewer Comment (2026-06-24): Received Appraisal delivery confirmation. Exception cleared.


Seller Comment (2026-06-24): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/24/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXXXX 4000132029 XXXXX   XXXXX     Compliance Compliance Federal Compliance Federal HPML (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-06-24): Received Appraisal delivery confirmation. Exception cleared.


Seller Comment (2026-06-24): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/24/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXXXX 4000132029 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Provide a copy of the POCB appraisal invoice reflecting an amount of $XXXX to meet closing cost requirements.       Reviewer Comment (2026-06-23): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/23/2026     No 1 B A C A B A C A B A   CA Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
XXXXX 4000132029 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Provide a copy of the POCB appraisal invoice reflecting an amount of $XXXX to meet closing cost requirements.       Reviewer Comment (2026-06-23): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/23/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Non QM No
XXXXX 4000132568 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of Appraisal is missing.       Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   TX Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000132568 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of Appraisal is missing.       Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   TX Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000131902 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Receipt of Appraisal is missing.       Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   AZ Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000131902 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file.   Verification of Rent is required for First Time Homeowners. Verification is missing.       Reviewer Comment (2026-06-23): Received, Clearing.


Seller Comment (2026-06-23): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/23/2026     No 1 C A C A C A C A C A   AZ Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000130834 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XXXX,  Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX. Tax Extension for year 2025 provided in file.
The business or personal tax returns provided are not the most recent. Application Date XXXX, Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX.
      Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   CA Second Home Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000130834 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XXXX,  Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX. Tax Extension for year 2025 provided in file.
The business or personal tax returns provided are not the most recent. Application Date XXXX, Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX. (XXXX/S-Corp)
      Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   CA Second Home Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000130834 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
The preliminary title policy is within XXXX and does not reflect a coverage amount (no final title policy was found in the file).       Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   CA Second Home Purchase   B B B B B B A A Non QM Non QM No
XXXXX 4000131192 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2026-06-24): Accepted as is.
    06/24/2026 No 2 B B B B B B B B B B   MD Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000131192 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-24): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   MD Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
XXXXX 4000131192 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Abstract / Title Search.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-24): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   MD Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
XXXXX 4000130390 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-24): Accepted as is.
    06/24/2026 No 2 B B B B B B B B B B   TN Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000132210 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-06-24): Accepted as is.
    06/24/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000132210 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal delivered to borrower was not provided.       Reviewer Comment (2026-06-24): Accepted as is.
    06/24/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000132201 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Official Check not provided   Verification of source of Earnest Money was not provided in file.       Reviewer Comment (2026-07-02): Pertinent documentation received, cleared


Seller Comment (2026-07-02): Comment from XXXX (XXXX): Assets Report - please refer to page 6
07/02/2026     No 1 C A C A C A C A C A   VA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129307 XXXXX   XXXXX     Compliance Compliance State Compliance Misc. State Level Maryland Counseling Agencies Disclosure Not in File Maryland HB1399 - No evidence of required counseling disclosure language per Maryland HB 1399. Maryland HB 1399 is missing.       Reviewer Comment (2026-06-23): Accepted as is.
    06/23/2026 No 2 B B B B B B B B B B   MD Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000129307 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Ten Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX.       Reviewer Comment (2026-06-23): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   MD Primary Purchase Final CD evidences Cure B B A A B B A A Non QM Non QM Yes
XXXXX 4000129624 XXXXX   XXXXX     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   Rent loss insurance for the subject property is required and must equal at least six (6) months of local average monthly rents.       Reviewer Comment (2026-06-30): Received, Clearing.


Seller Comment (2026-06-29): Comment from XXXX (XXXX): rent loss
06/30/2026     No 1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000131592 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-24): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   OR Primary Purchase Final CD evidences Cure B B B B A A A A Non QM Non QM Yes
XXXXX 4000131592 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception for rural property with horse stall and small shop/shed. LOX stating no intent to rent stalls or use as a hobby farm. Comps - low LTV, 1.5 million in assets post close, FICO, payment history, departure residence sold. Borrower has verified disposable income of at least $2500.00.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-24): Lender exception approved
    06/24/2026 Yes 2 B B B B B B B B B B   OR Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000131681 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-25): Clearing based on review coming back within tolerances.
06/25/2026     No 1   A   A   A   A   A   MI Investment Purchase   A A A A     A A   N/A No
XXXXX 4000131410 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-25): Clearing based on review coming back within tolerances.
06/25/2026     No 1   A   A   A   A   A   TN Investment Purchase   A A A A     A A   N/A No
XXXXX 4000132363 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-29): Clearing based on review coming back within tolerances.
06/29/2026     No 1 C A C A C A C A C A   NJ Investment Purchase   C A C A A A A A N/A N/A No
XXXXX 4000129426 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Fraud Report not provided   Fraud Report is missing.       Reviewer Comment (2026-06-25): Received, Clearing.


Seller Comment (2026-06-25): Comment from XXXX (XXXX): XXXX: please see the attached fraud report for the loan which confirms all required information.
06/25/2026     No 1 C A C A C A C A C A   MI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000130631 XXXXX   XXXXX     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 ___. Note loan amount of $XXXX is less than Guideline minimum loan amount of $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-24): Client elects to waive with compensating factors
    06/24/2026 Yes 2 B B B B B B B B B B   OH Investment Purchase   B B B B     A A   N/A No
XXXXX 4000130344 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-06-25): Accepted as is.
    06/25/2026 No 2 B B B B B B B B B B   TN Second Home Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000130344 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-06-25): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   TN Second Home Purchase Final CD evidences Cure C B A A C B A A Non QM Non QM Yes
XXXXX 4000130344 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXXover legal limit.  Insufficient or no cure was provided to the borrower. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-06-29): Cured at closing or within 60 days of consummation prior to TPR review


Seller Comment (2026-06-26): Comment from XXXX (XXXX): See LOX and supporting final CD attached.
  XXXXX   No 2 C B C B C B C B C B   TN Second Home Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000132782 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-06-25): Accepted as is.
    06/25/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130739 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
        Reviewer Comment (2026-06-25): Accepted as is.
    06/25/2026 No 2 B B B B B B B B B B   CA Investment Purchase   B B B B     A A   N/A No
XXXXX 4000130731 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   The Rider 1-4 Family was not signed.       Reviewer Comment (2026-06-30): Received signed 1-4 family rider signed


Seller Comment (2026-06-30): Comment from XXXX (XXXX): Recorded deed of trust with signed 1-4 family rider attached
06/30/2026     No 1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
XXXXX 4000132689 XXXXX   XXXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing. Hazard Insurance Policy Effective Date ___, Disbursement Date: ___ The Hazard Insurance Policy Effective Date is after the later of the note Hazard Insurance Policy Effective Date XXXX and Disbursement Date XXXX Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.   SitusAMC Reviewer Comment (2026-06-30): LOE of no claims or damage received.


Seller Comment (2026-06-29): Comment from XXXX (XXXX): Email from insurance agent cofirming there have been no claims on subject property. Request a downgrade to a 2 and close out.
    06/30/2026 Yes 2 C B C B C B C B C B   FL Investment Refinance - Rate/Term   C B C B     A A   N/A No
XXXXX 4000132439 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception - borrower is a first-time investor with past home ownership more than 3 years ago (2022). Currently lives with daughter rent-free. Compensating factors include XXXX FICO score above program minimum by twenty (20) points or higher, PITIA/ITIA reserves above program minimum by six (6) months or higher. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The representative FICO score exceeds the guideline minimum by at least 40 points.
  SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-26): Lender exception approved
    06/26/2026 Yes 2 B B B B B B B B B B   NV Investment Purchase   B B B B     A A   N/A No
XXXXX 4000132757 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. Title Policy Amount of $XXXX is less than the note amount of $XXXX based on the Commitment in file.       Reviewer Comment (2026-06-25): Accepted as is.
    06/25/2026 No 2 B B B B B B B B B B   FL Investment Purchase   B B B B     A A   N/A No
XXXXX 4000130535 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2026-06-26): Accepted as is.
    06/26/2026 No 2 B B B B B B B B B B   WA Primary Purchase   C B A A C B A A Non QM Non QM No
XXXXX 4000130535 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Final inspection fee increased from $XXXX to $XXXX without a valid COC. No cure provided to borrower.       Reviewer Comment (2026-07-22): XXXX received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception.


Seller Comment (2026-07-21): Comment from XXXX (XXXX): Please see attached verification of $XXXX refund/cure to borrower for the increased final inspection fee from $XXXX to $XXXX.


Reviewer Comment (2026-07-15): XXXX received LOX for rebuttal response and valid COC for the fee added on XXXX Please provide documentation evidencing the refund credit to borrower with consists corrected CD, Letter of Explanation, copy of refund check and mailing label to cure this exception.


Seller Comment (2026-07-13): Comment from XXXX (XXXX): Please see attached explanation regarding adding the initial Final Inspection Fee ($XXXX).  We will provide a refund to the borrower for $XXXX.


Reviewer Comment (2026-06-29): XXXX: The COC that was provided in the trailing images was also provided in the original loan package. but it does not give sufficient information on why the final inspection fee was added on XXXX CD and again increased on XXXX CD. In order to determine if the changed circumstance is valid more information is necessary on reason fee added/increase and when lender became aware of the change.  A valid Changed Circumstance or cure is required.  Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check.


Seller Comment (2026-06-26): Comment from Purchasing Team (XXXX): CHANGE OF CIRCUMSTANCE FO INCREASE OF INSPECTION FEE
  XXXXX   No 2 C B C B C B C B C B   WA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B A A C B A A Non QM Non QM Yes
XXXXX 4000132640 XXXXX   XXXXX     Compliance Compliance Federal Compliance TILA ARM Disclosure Timing Testing TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within three (3) days of the loan becoming an ARM. Disclosure dated XXXX. Change of Circumstance for change of terms dated XXXX.       Reviewer Comment (2026-06-29): Received earlier dated disclosure


Seller Comment (2026-06-29): Comment from XXXX (XXXX): Hello, please see attached, thank you.
06/29/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A A A C A A A Non QM Non QM No
XXXXX 4000132263 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Self-Employed Tax Return Recency - ATR Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XXXX,  Most Recent Tax Return End Date XXXX, Tax Return Due Date XXXX. Most recent tax returns are missing.       Reviewer Comment (2026-06-26): Accepted as is.
    06/26/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000132263 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Equity in the departure residence must be documented with a 2055 exterior appraisal or full appraisal. CDA was provided.       Reviewer Comment (2026-06-30): Received departing residence appraisal


Seller Comment (2026-06-30): Comment from XXXX (XXXX): Review for XXXX property
06/30/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C B C A B B A A Non QM Non QM No
XXXXX 4000132231 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount. The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. Title Policy coverage amount $XXXX.       Reviewer Comment (2026-06-29): Accepted as is.
    06/29/2026 No 2 B B B B B B B B B B   PA Investment Refinance - Cash-out - Other   B B B B     A A   N/A No
XXXXX 4000130118 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception for less than two years of self employment. Comps - excellent credit, minimal debt, low DTI, plenty of reserves Borrower has verified disposable income of at least $2500.00.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least 40 points.
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SitusAMC
Reviewer Comment (2026-06-26): Lender exception approved
    06/26/2026 Yes 2 B B B B B B B B B B   SC Primary Purchase   B B B B A A A A Non QM Non QM No
XXXXX 4000131002 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-06-29): Clearing based on review coming back within tolerances.
06/29/2026     No 1 C A C A C A C A C A   MD Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000129461 XXXXX   XXXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing. Hazard Insurance Policy Effective Date ___, Disbursement Date: ___ Wet State. HOI Effective date is after Note date.       Reviewer Comment (2026-06-30): Updated policy received


Seller Comment (2026-06-30): Comment from XXXX (XXXX): please see attached
06/30/2026     No 1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130491 XXXXX   XXXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. - Appraisal is Subject to Completion, and we do not have 442 Images in file.       Reviewer Comment (2026-06-30): Received, Clearing.


Seller Comment (2026-06-29): Comment from Purchasing Team (XXXX): The attached Appraisal shows AS-IS
06/30/2026     No 1 C A C A C A C A C A   TX Primary Purchase   C B A A B B C A Non QM Non QM No
XXXXX 4000130491 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing.       Reviewer Comment (2026-06-29): Accepted as is.
    06/29/2026 No 2 B B B B B B B B B B   TX Primary Purchase   C B A A B B C A Non QM Non QM No
XXXXX 4000130491 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2026-06-26): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   TX Primary Purchase Final CD evidences Cure C B A A B B C A Non QM Non QM Yes
XXXXX 4000131996 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to the applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-26): Accepted as is.
    06/26/2026 No 2 B B B B B B B B B B   TX Investment Refinance - Cash-out - Other   B B A A B B A A Non QM N/A No
XXXXX 4000130501 XXXXX   XXXXX     Credit Asset Asset Documentation Asset Missing Document: Gift Letter not provided   Gift Letter is missing for $XXXX.       Reviewer Comment (2026-06-30): Received Gift Letter. Exception cleared.


Seller Comment (2026-06-29): Comment from Purchasing Team (XXXX): $XXXX GIFT LETTER
06/30/2026     No 1 C A C A C A C A C A   WA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130501 XXXXX   XXXXX     Credit Asset Asset Documentation Asset Missing Document: Gift Letter not provided   Gift Letter is missing for $XXXX.as listed on Final CD       Reviewer Comment (2026-07-01): Associated Gift Letter, Exception cleared.


Seller Comment (2026-07-01): Comment from Purchasing Team (XXXX): I apologize, I submitted the gift letter without the wire confirmation because there was a separate condition for it and the wire confirmation was requested.


Reviewer Comment (2026-06-30): Gift letter received. Wire confirmation is required and has not yet been received. Exception remains.


Seller Comment (2026-06-29): Comment from Purchasing Team (XXXX): $XXXX Gift Letter
07/01/2026     No 1 C A C A C A C A C A   WA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130501 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Asset not provided   Receipt of Funds is missing for gift funds totaling $XXXX.       Reviewer Comment (2026-07-01): Received Wire confirmation. Exception cleared.


Seller Comment (2026-07-01): Comment from Purchasing Team (XXXX): Please see attached verification that escrow received the gift funds.
07/01/2026     No 1 C A C A C A C A C A   WA Investment Purchase   C A C A     A A   N/A No
XXXXX 4000129618 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to the applicant three (3) business days prior to consummation.       Reviewer Comment (2026-06-29): Accepted as is.
    06/29/2026 No 2 B B B B B B B B B B   CA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000130755 XXXXX   XXXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Loan is to be securitized. Secondary  valuation is missing. Sec ID: 2           Reviewer Comment (2026-07-10): CDA provided. Cleared.


Seller Comment (2026-07-10): Comment from XXXX (XXXX): attached CDA


Reviewer Comment (2026-06-30): Per guidelines, All appraisals require a Collateral Desktop Analysis from XXXX.


Seller Comment (2026-06-30): Comment from XXXX (XXXX): Secondary Valuation Summary
07/10/2026     No 1 D A D A D A D A D A   FL Investment Purchase   D A A A     D A   N/A No
XXXXX 4000130838 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Documented qualifying assets for closing of $XXXX are less than cash from borrower $XXXX. Current XXXX account statements are missing.       Reviewer Comment (2026-07-01): Additional Bank Account Statements provided. Cleared.


Seller Comment (2026-07-01): Comment from Purchasing Team (XXXX): XXXX account statement attached.
07/01/2026     No 1 C A C A C A C A C A   TX Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000130838 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. Borrower waived the right to receive a copy of the appraisal at least three (3) business days prior to closing, and the appraisal was not provided at or before closing.       Reviewer Comment (2026-06-30): Accepted as is.
    06/30/2026 No 2 B B B B B B B B B B   TX Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000130838 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX.       Reviewer Comment (2026-07-01): Additional Bank Statement account provided. Cleared.


Buyer Comment (2026-07-01): Comment from Purchasing Team (XXXX): Bank Statements - XXXX XXXX was uploaded to 1st condition under misc docs.  Please let me know if you require the same document to be uploaded multiple times (in each condition).
07/01/2026     No 1 C A C A C A C A C A   TX Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000130838 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Risk Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Originator Loan Designation of Non-QM does not match Due Diligence Loan Designation of ATR Risk.       Reviewer Comment (2026-07-01): Additional asset statements provided. Cleared.


Buyer Comment (2026-07-01): Comment from Purchasing Team (XXXX): Bank Statements - XXXX XXXX was uploaded to 1st condition under misc docs.  Please let me know if you require the same document to be uploaded multiple times (in each condition).
07/01/2026     No 1 B A C A B A C A B A   TX Primary Purchase Lender to provide updated ATR/QM Loan Designation C B C A C B A A Non QM Non QM Yes
XXXXX 4000130838 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Ability to repay due to short funds to close.       Reviewer Comment (2026-07-01): Additional asset statements provided. Cleared.


Buyer Comment (2026-07-01): Comment from Purchasing Team (XXXX): Bank Statements - XXXX XXXX was uploaded to 1st condition under misc docs.  Please let me know if you require the same document to be uploaded multiple times (in each condition).
07/01/2026     No 1 C A C A C A C A C A   TX Primary Purchase   C B C A C B A A Non QM Non QM No
XXXXX 4000129917 XXXXX   XXXXX     Compliance Loan Package Documentation Application / Processing Missing, Incorrect, or Incomplete Final or Initial 1003 Missing Document: Missing Lender's Initial 1003   Initial 1003 Document is missing.       Reviewer Comment (2026-06-30): Accepted as is.
    06/30/2026 No 2 B B B B B B B B B B   GA Primary Purchase   B B A A B B A A Non QM Non QM No
XXXXX 4000131827 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-07-06): Clearing based on review coming back within tolerances.
07/06/2026     No 1 C A C A C A C A C A   TX Investment Purchase   C A C A     A A   N/A No
XXXXX 4000130151 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-07-02): Cleared based on review coming back within tolerances
07/02/2026     No 1   A   A   A   A   A   CA Investment Refinance - Rate/Term   A A A A     A A   N/A No
XXXXX 4000130421 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   Operating agreement for the business XXXX.       Reviewer Comment (2026-07-06): Received Operating Agreement. Exception cleared.


Seller Comment (2026-07-06): Comment from XXXX (XXXX): All pgs of OA


Reviewer Comment (2026-07-02): Need the full Operating Agreement for the borrowing entity


Seller Comment (2026-07-02): Comment from XXXX (XXXX): Upload OA
07/06/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000130421 XXXXX   XXXXX     Credit Credit Credit Documentation Credit Missing Document: Occupancy Certificate not provided           Reviewer Comment (2026-07-01): Received Occupancy Certificate. Exception cleared.


Seller Comment (2026-07-01): Comment from XXXX (XXXX): Non owner occupancy doc
07/01/2026     No 1 C A C A C A C A C A   NC Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000131596 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Employer Identification Number (EIN) not provided   Employer Identification number is missing.       Reviewer Comment (2026-07-08): Received, Clearing.


Seller Comment (2026-07-08): Comment from XXXX (XXXX): EIN attached


Reviewer Comment (2026-07-08): Employer Identification Number (EIN) not received. Exception remains.


Seller Comment (2026-07-08): Comment from XXXX (XXXX): EIN number provided


Reviewer Comment (2026-07-06): Looking for the federal tax ID.


Seller Comment (2026-07-06): Comment from XXXX (XXXX): Employer ID
07/08/2026     No 1 C A C A C A C A C A   NV Investment Purchase   C A C A     A A   N/A No
XXXXX 4000131262 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Verification appraisal was delivered to borrower was not provided.       Reviewer Comment (2026-07-07): Accepted as is.
    07/07/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   B B A A B B A A Non QM Non QM No
XXXXX 4000131231 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Subject property is zoned as rural agriculture - suburban property. Guidelines state properties zoned agriculture will be considered on a case-by-case basis. Subject property is a XXXX-acre property with a horse stable. Does not appear to be used for any farming or agricultural purposes. Lender exception approved. FICO XXXX, XXXX in residual income. Below XXXX DTI. Borrower has been employed in the same industry for more than 5 years.

Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.
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SitusAMC
Reviewer Comment (2026-07-08): Client elects to waive/regrade with compensating factors.
    07/08/2026 Yes 2 B B B B B B B B B B   CA Primary Purchase   C B B B C B A A Non QM Non QM No
XXXXX 4000131231 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.         Reviewer Comment (2026-07-08): Accepted as is.
    07/08/2026 No 2 B B B B B B B B B B   CA Primary Purchase   C B B B C B A A Non QM Non QM No
XXXXX 4000131231 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Pest Inspection Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. No cure provided.       Reviewer Comment (2026-07-23): XXXX received Post CD and LOX.


Seller Comment (2026-07-22): Comment from XXXX (XXXX): See attached


Reviewer Comment (2026-07-16): XXXX received PCCD, however we also require LOE which accompanied the PCCD to finalize. Also, please provide attestation confirming whether lender or title required the pest inspection. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected.


Seller Comment (2026-07-14): Comment from XXXX (XXXX): The pest inspection fee was inadvertently mislabeled.  The fee for the inspection is $XXXX as indicated on the attached 'XXXX' document.  The invoice is for the remediation of the pests rather than for the inspection.  The attached revised final CD, 'Closing Disclosure - XXXX', has been corrected by removing the inspection fee and reallocating the termite work to section H as "Pest Repair to XXXX".
07/23/2026     No 1 C A C A C A C A C A   CA Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Non QM Yes
XXXXX 6000103769 XXXXX   XXXXX     Credit Documents Missing Document Documents File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. - File does not contain documentation from lender/seller confirming the condo is warrantable.       Reviewer Comment (2025-12-03): Received Condo Review Form. Exception Cleared.


Buyer Comment (2025-12-01): Condo project approval
12/03/2025     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000130208 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Donor Check not provided   Donor check was not found in file for Gift Funds totaling $XXXX.       Reviewer Comment (2026-07-10): Excluded Gift Funds from assets. Cleared.


Seller Comment (2026-07-10): Comment from XXXX (XXXX): Please remove/delete the gift letter you received. The borrower was initially getting a gift but did not need it.  We inadvertently left the gift letter in the file.  Please find revised 1003 and 1008 - borrower had sufficient funds without the gift.
07/10/2026     No 1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
XXXXX 4000128722 XXXXX   XXXXX     Credit Insurance Insurance Documentation Insurance Rent loss insurance is required on all properties and there is no evidence of this insurance in the file.   Rent loss insurance for the subject property is required and must equal at least six (6) months of local average monthly rents. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
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SitusAMC
Reviewer Comment (2026-07-21): Client elects to waive with compensating factors - DSCR purchase transaction w/25% down payment, XXXX FICO, XXXX DSCR ratio and XXXX months reserves


Seller Comment (2026-07-21): Comment from XXXX (XXXX): exception form with approval. please proceed thank you


Seller Comment (2026-07-21): Comment from XXXX (XXXX): Exception approved. please proceed. thank you


Reviewer Comment (2026-07-18): Exceptions must be requested from the buyers portal.


Seller Comment (2026-07-17): Comment from XXXX (XXXX): Thank you
    07/21/2026 Yes 2 C B C B C B C B C B   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000128722 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender exception approved for flip property. Seller inherited the property less than 1 year ago and it was not listed on MLS. Comp factors: FICO XXXX, XXXX DSCR, and XXXX months reserves. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.
  SitusAMC

SitusAMC
Reviewer Comment (2026-07-08): Client elects to waive/regrade with compensating factors.
    07/08/2026 Yes 2 B B B B B B B B B B   CA Investment Purchase   C B C B     A A   N/A No
XXXXX 4000130529 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Originator Loan Designation of Non QM updated from guidelines.       Reviewer Comment (2026-07-13): Non-QM


Seller Comment (2026-07-11): Comment from XXXX (XXXX): • XXXX is requesting that we waive the above condition. Based on the Best Efforts XXXX program, the assets statements must be dated no more than 120 days prior to the note date. The assets ending document date is XXXX and the note date is XXXX; this is a total of 91 days. The assets are within guidelines requirements, please see snippet below.
07/13/2026     No 1 B A C A B A C A B A   MA Primary Purchase Lender to provide updated ATR/QM status C A A A C A A A Non QM Non QM Yes
XXXXX 4000131093 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $XXXX exceeds tolerance of $XXXX. Sufficient or excess cure was provided to the borrower at Closing.       Reviewer Comment (2026-07-09): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   CO Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000129538 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-07-08): Clearing based on review coming back within tolerances.
07/08/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
XXXXX 4000129538 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-07-09): Accepted as is.
    07/09/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
XXXXX 4000129538 XXXXX   XXXXX     Compliance Compliance Federal Compliance ECOA ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation.       Reviewer Comment (2026-07-09): Accepted as is.
    07/09/2026 No 2 B B B B B B B B B B   CA Primary Refinance - Cash-out - Other   C B C A B B A A Non QM Non QM No
XXXXX 4000132885 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Missing Document  Missing Document: Security Instrument - Subject Lien not provided   The file is missing a copy of the security instrument.       Reviewer Comment (2026-07-12): Received Security Instrument. Exception cleared.


Seller Comment (2026-07-10): Comment from XXXX (XXXX): Please see MTG
07/12/2026     No 1 D A D A D A D A D A   GA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
XXXXX 4000131547 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-07-13): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   ID Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000130789 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Courier / Express Mail / Messenger Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-07-14): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   KS Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000130789 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-07-14): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   KS Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000130789 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-07-14): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   KS Primary Refinance - Cash-out - Other Final CD evidences Cure A A A A A A A A Non QM Non QM Yes
XXXXX 4000130566 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Note Addendum - Prepayment not provided   Note Addendum - Prepayment is missing       Reviewer Comment (2026-07-19): Received Prepayment Note Addendum. Exception cleared.


Seller Comment (2026-07-17): Comment from XXXX (XXXX): prepayment
07/19/2026     No 1 C A C A C A C A C A   VA Investment Refinance - Rate/Term   C A C A     A A   N/A Yes
XXXXX 4000132953 XXXXX   XXXXX     Credit Loan Package Documentation Loan File Missing Document  Missing Document: Hazard Insurance Policy not provided   Hazard Insurance Policy is missing.       Reviewer Comment (2026-07-17): Received, cleared


Seller Comment (2026-07-17): Comment from XXXX (XXXX): HOI
07/17/2026     No 1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000132953 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Recent Certificate of Good Standing is not in file.       Reviewer Comment (2026-07-17): Received, cleared


Seller Comment (2026-07-17): Comment from XXXX (XXXX): Cert
07/17/2026     No 1 C A C A C A C A C A   PA Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 4000132097 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. Title Evidence: ___;
State: ___
Title Commitment or Preliminary title policy amount is blank.       Reviewer Comment (2026-07-20): Accepted as is per client.
    07/20/2026 No 2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   B B B B     A A   N/A No
XXXXX 4000132097 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender Exception for Rate and Term Refinance and Subject was listed for sale in the last 6 months. All units are occupied with long-term tenants. Compensating Factors include DSCR is XXXX and FICO is XXXX, 7 months reserves, and XXXX% LTV. The qualifying DSCR on the loan is greater than the guideline minimum.

The representative FICO score exceeds the guideline minimum by XX points.
The DSCR of XXXX is greater than the minimum required DSCR of 1.00

The representative FICO score XXXX
SitusAMC

SitusAMC
Reviewer Comment (2026-07-20): Client elected to waive/regrade with compensating factors. Lender exception provided.
    07/20/2026 Yes 2 B B B B B B B B B B   CA Investment Refinance - Rate/Term   B B B B     A A   N/A No
XXXXX 4000130595 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Operating Agreement not provided   The operating agreement is not signed, provide signed operating agreement.       Reviewer Comment (2026-07-27): Provided. Cleared.


Buyer Comment (2026-07-27): Comment from XXXX (XXXX): can you provide more information as to what you are needing and why?


Reviewer Comment (2026-07-24): As guidelines require an exception from the buyer of the loan is required.


Seller Comment (2026-07-24): Comment from XXXX (XXXX): see attached
07/27/2026     No 1 C A C A C A C A C A   CT Investment Purchase   C A C A     A A   N/A No
XXXXX 4000133186 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Loan Selected for Enhanced Valuation Review           Reviewer Comment (2026-07-23): Clearing based on review coming back within tolerances.
07/23/2026     No 1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 4000133186 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Missing page 3 of the security instrument       Reviewer Comment (2026-07-28): XXXX provided. Cleared.


Seller Comment (2026-07-28): Comment from XXXX (XXXX): Please see attached recorded mortgage with page 3.
07/28/2026     No 1 C A C A C A C A C A   PA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000132066 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Updated as per the document; however, no additional coverage amount is needed.       Reviewer Comment (2026-07-07): Received XXXX from XXXX statement with balance of $XXXX. Exception cleared.


Buyer Comment (2026-07-02): Please see XXXX XXXX acct statement attached. Thank you.
07/07/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132074 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   The provided title commitment is not covering the loan amount. However, new title is required.       Reviewer Comment (2026-07-10): Received Title Commitment. Exception Cleared.


Buyer Comment (2026-07-08): PFA document.
07/10/2026     No 1 B A B A B A B A B A   CT Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132074 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   The provided policy is not covering the loan amount. Additional coverage is required in the file.       Reviewer Comment (2026-07-10): Received Replacement Cost Estimator. Exception Cleared.


Buyer Comment (2026-07-08): D0209 RCE


Buyer Comment (2026-07-08): PFA document.
07/10/2026     No 1 C A C A C A C A C A   CT Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132022 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Credit Guideline Requirement: Maximum Loan Amount discrepancy. Note loan amount of ___ is greater than Guideline maximum loan amount of ___. Loan amount of $XXXX is greater than Guideline maximum loan amount of $XXXX. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The qualifying DSCR on the loan is greater than the guideline minimum.
The DSCR of XXXX is greater than the minimum required DSCR of 1.00. SitusAMC

SitusAMC,Originator
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   GA Investment Refinance - Rate/Term   C B C B     A A   N/A No
XXXXX 6000132051 XXXXX   XXXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.   Final title policy was not found in file.       Reviewer Comment (2026-07-15): Final title received.
07/15/2026     No 1 A A A A A A A A A A   WA Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132051 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   Hazard insurance coverage amount is insufficient, not covering the loan amount.       Reviewer Comment (2026-07-13): Received the Homeowners Insurance (HOI) policy with sufficient coverage amount. Exception cleared.


Buyer Comment (2026-07-09): HOI
07/13/2026     No 1 C A C A C A C A C A   WA Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132051 XXXXX   XXXXX     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 (2026-07-15): Final title received reflecting no additional liens.


Buyer Comment (2026-07-14): Final Title
07/15/2026     No 1 C A C A C A C A C A   WA Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132051 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Required for XXXX.       Reviewer Comment (2026-07-13): Received Certificate of Good Standing for XXXX. Exception cleared.


Buyer Comment (2026-07-09): COGS
07/13/2026     No 1 C A C A C A C A C A   WA Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132051 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   Provide verification the borrowers have signing authority. Document is required to be signed by all owners.       Reviewer Comment (2026-07-13): Received the Borrower Certification signed by all owners. Exception cleared.


Buyer Comment (2026-07-09): Borrowing cert
07/13/2026     No 1 C A C A C A C A C A   WA Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132051 XXXXX   XXXXX     Credit Business Purpose General Business Purpose Missing Document: Spousal Consent not provided. -         Reviewer Comment (2026-07-14): Received guaranty agreement for spousal consent. Exception cleared.


Buyer Comment (2026-07-10): Guaranty
07/14/2026     No 1 C A C A C A C A C A   WA Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132051 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Spousal Consent Form not provided           Reviewer Comment (2026-07-14): Received guaranty agreement for spousal consent. Exception cleared.


Buyer Comment (2026-07-10): see attached guaranty
07/14/2026     No 1 C A C A C A C A C A   WA Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132056 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Missing current lease for primary residence.       Reviewer Comment (2026-07-30): Received lease agreement with pay history. Exception Cleared.


Buyer Comment (2026-07-28): All rental cks with lease.


Buyer Comment (2026-07-28): Last (5) mths of rental payments.


Buyer Comment (2026-07-28): XXXX - rental payments.


Buyer Comment (2026-07-28): (2) mths of rental payments @ $XXXX a mth. See last pg of each statement.


Buyer Comment (2026-07-28): Please see (4) mths of rental payments. Cancelled ck on last pg of each statement. Rent now $XXXX mthly.


Reviewer Comment (2026-07-23): Provided lease agreement was available at initial review. Lease agreement is month-to-month. Provide recent 12 months payment history. Exception remains.


Buyer Comment (2026-07-21): Please see lease attached. Thank you.
07/30/2026     No 1 C A C A C A C A C A   WI Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000131951 XXXXX   XXXXX     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   Missing OFAC for business entity.       Reviewer Comment (2026-07-13): Received the OFAC verification for the business entity. The information has been reviewed and verified. Exception cleared.


Buyer Comment (2026-07-09): ofac
07/13/2026     No 1 C A C A C A C A C A   TN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000131951 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: HUD/CD not provided   Missing final closing statement signed by all parties; the provided closing statement was not signed by the settlement agent.       Reviewer Comment (2026-07-13): Settlement Statement received with signatures from all parties, including the settlement agent. Exception cleared.


Buyer Comment (2026-07-09): Final SS
07/13/2026     No 1 C A C A C A C A C A   TN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000131951 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Per guidelines, personal guaranties are required from the authorized signor(s) who are borrowers on the loan, along with any individual with XXXX% or greater ownership in the business entity.       Reviewer Comment (2026-07-13): Received the Borrowing Authorization Consent Form. The document has been reviewed and verified. Exception cleared.


Buyer Comment (2026-07-09): signing authority
07/13/2026     No 1 C A C A C A C A C A   TN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000131945 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Verified Assets for Closing of $XXXX is less than cash required from borrower of $XXXX       Reviewer Comment (2026-07-13): Received the signed Final HELOC. Cash-out proceeds have been reviewed and verified. Exception cleared.


Buyer Comment (2026-07-09): signed final cashout proceeds $XXXX from heloc used towards CTC
07/13/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 6000131945 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   For the primary residence, provide either a 12-month pay history or a property report verifying it is owned free and clear with taxes paid current.       Reviewer Comment (2026-07-13): Received the Property Report for the primary residence. The existing and newly opened mortgage accounts were reviewed and confirmed, and the payment history was verified. Exception cleared.


Buyer Comment (2026-07-09): Previous mtg for $XXXX is reported as paid on the credit report.  new mortgage opened on XXXX- payment was not due


Buyer Comment (2026-07-09): Property profile
07/13/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 6000131959 XXXXX   XXXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file.   The file was missing final title policy.       Reviewer Comment (2026-07-15): Received Title Final. Exception Cleared.


Buyer Comment (2026-07-13): Final Title


Buyer Comment (2026-07-13): title
07/15/2026     No 1 C A C A C A C A C A   CT Investment Purchase   C A C A     A A   N/A No
XXXXX 6000131959 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Title Title: Evidence of title is missing   The file was missing a title report.       Reviewer Comment (2026-07-15): Received Title Final and Commitment. Exception Cleared.


Buyer Comment (2026-07-13): see attached title
07/15/2026     No 1 C A C A C A C A C A   CT Investment Purchase   C A C A     A A   N/A No
XXXXX 6000131967 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2026-07-15): Received final title policy. Exception cleared.


Buyer Comment (2026-07-13): Final Title
07/15/2026     No 1 B A B A B A B A B A   CA Investment Purchase   B A B A     A A   N/A No
XXXXX 6000131967 XXXXX   XXXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2026-07-15): Received final title policy. Exception cleared.
07/15/2026     No 1 A A A A A A A A A A   CA Investment Purchase   B A B A     A A   N/A No
XXXXX 6000131942 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Collateral Security Instrument is not signed by borrower(s).   Borrower's signature page was missing in the Security Instrument.       Reviewer Comment (2026-07-13): Security Instrument document received and verified. Exception cleared


Buyer Comment (2026-07-09): Please find attached security instrument with sign page.
07/13/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000131942 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing was missing in the loan file.       Reviewer Comment (2026-07-13): Certificate of Good Standing received and verified. Exception cleared.


Buyer Comment (2026-07-09): Please find attached certificate of good standing.
07/13/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000131935 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Borrower was marked as living rent free per the credit application but there is no document in file explaining this       Reviewer Comment (2026-07-15): Received Rent Free Letter and UW Discretion. Exception Cleared.


Buyer Comment (2026-07-13): uw discretion


Buyer Comment (2026-07-13): rent free loe
07/15/2026     No 1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
XXXXX 6000131934 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided           Reviewer Comment (2026-07-15): Received pay history for primary residence second mortgage. Exception cleared.


Buyer Comment (2026-07-14): electronic pay history


Buyer Comment (2026-07-14): mtg


Buyer Comment (2026-07-13): D0169 reports the mtg XXXX Mtg #XXXX
07/15/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000131938 XXXXX   XXXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2026-07-15): Received final title policy. Exception cleared.
07/15/2026     No 1 A A A A A A A A A A   CA Investment Purchase   B A B A     A A   N/A No
XXXXX 6000131938 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2026-07-15): Received final title policy with policy amount. Exception cleared.


Buyer Comment (2026-07-13): Final Title
07/15/2026     No 1 B A B A B A B A B A   CA Investment Purchase   B A B A     A A   N/A No
XXXXX 6000132020 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2026-07-17): Received Title Supplemental Report. Exception Cleared.


Buyer Comment (2026-07-15): Please see attached Supplemental Report
07/17/2026     No 1 B A B A B A B A B A   CA Investment Refinance - Cash-out - Other   B A B A     A A   N/A No
XXXXX 6000132012 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: HUD/CD not provided   Missing final closing statement; an estimated statement was provided.       Reviewer Comment (2026-07-14): Received final closing statement. Exception cleared.


Buyer Comment (2026-07-10): Please see attached Master Settlement Statement
07/14/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 6000132012 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy. Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. First-time investor requires 12 months of reserves.       Reviewer Comment (2026-07-20): No new document received. Per product matrix, first time homebuyer should not have any housing late payments in recent 12 months and reserves are not required for loan amount <$XXXX. Exception cleared.


Buyer Comment (2026-07-16): Please note per XXXX guidelines for loan amounts under $XXXX no reserves required. Thank you.
07/20/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 6000132012 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Missing housing history or evidence of housing payments for the last 12 months via bank statements, canceled checks, or payment ledger.       Reviewer Comment (2026-07-24): Borrower is a foreign national. Exception cleared.


Buyer Comment (2026-07-22): Please note XXXX per XXXX guidelines we do not obtain primary housing histories on the XXXX loan products. Thank you.
07/24/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 6000131944 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided           Reviewer Comment (2026-07-15): Received Employment Authorization card. Exception cleared.


Buyer Comment (2026-07-13): EAD Card
07/15/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
XXXXX 6000132063 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided           Reviewer Comment (2026-07-16): Received credit supplemental report along with property profile for primary residence. Per profile, mortgage was originated in XXXX which reflecting on credit report with 6 months reviewed. Prior lien was released on XXXX. Exception cleared.


Buyer Comment (2026-07-14): Property profile


Buyer Comment (2026-07-14): credit supplement
07/16/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132036 XXXXX   XXXXX     Credit Credit Credit Eligibility Guideline Public Record Issue: - All judgments and liens must be paid in full at or prior to closing.       Reviewer Comment (2026-07-15): Received judgment is satisfied. Exception cleared.


Buyer Comment (2026-07-13): satisfied
07/15/2026     No 1 B A B A B A B A B A   FL Investment Purchase   B A B A     A A   N/A No
XXXXX 6000132036 XXXXX   XXXXX     Credit Credit Credit Eligibility Guideline Public Record Issue: - Collections with balances greater than or equal to $XXXX required to be paid prior to or at closing.       Reviewer Comment (2026-07-29): Available reserves are greater than the required collection amount. Exception cleared.


Buyer Comment (2026-07-27): per credit report, collection is disputed; Current disputed accounts are excluded from the limit calculation as noted in the Collections and Charge-Offs section
of this guide, if the borrower(s) meets minimum reserve requirements and has additional seasoned reserves (no gifts or
cash out allowed to satisfy the requirement) totaling amount of disputed accounts (total Minimum Reserves + Disputed
Account Balance(s).


Buyer Comment (2026-07-27): POC $XXXX cleared the Borrower's account.
07/29/2026     No 1 B A B A B A B A B A   FL Investment Purchase   B A B A     A A   N/A No
XXXXX 6000131957 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Provide a rent free letter.       Reviewer Comment (2026-07-18): Borrower has documented 12 month history on additional REO which meets guidelines.


Reviewer Comment (2026-07-17): Per guideline, UW discretion and a detailed letter of explanation from the person the borrower is living with confirming their relationship and that they are living rent free and the time frame is required.
Exception Remains.


Buyer Comment (2026-07-15): We do not have a rent free letter; Borrower meets housing guidelines Documented 12-month payment history on other real estate owned, plus proof of ownership. (not eligible for First time investor)
07/18/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000131956 XXXXX   XXXXX     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.   Signed copy of the Certificate of Non-Owner Occupied disclosure does not show the borrower's principal address.       Reviewer Comment (2026-07-17): Received Certificate of Non-Owner Occupancy with primary residence address. Exception cleared.


Buyer Comment (2026-07-15): Non-Owner
07/17/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000132076 XXXXX   XXXXX     Credit Hazard Insurance Insufficient Coverage Hazard Insurance The Hazard Insurance Policy Effective Date is after closing.   Provide a Hazard Insurance document active at the time of closing. The provided document has a future effective date of XXXX.       Reviewer Comment (2026-07-14): Received Hazard Insurance policy active at the time of Closing. Exception cleared.


Buyer Comment (2026-07-10): PFA
07/14/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000132081 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   Certificate of Good Standing Document missing in loan file.       Reviewer Comment (2026-07-20): No new document received. Borrowing business entity was formed on XXXX which is within 12 months of the Note. Exception cleared.


Buyer Comment (2026-07-16): Per XXXX guidelines a cert of good standing is not required for any business formed in the past 12mths. LLC in this case just started in XXXX. Thank you.
07/20/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A     A A   N/A No
XXXXX 6000132098 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Insufficient Coverage: Hazard insurance coverage amount is insufficient.   HOI coverage is insufficient by $XXXX. Provide updated policy reflecting minimum coverage of $XXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount       Reviewer Comment (2026-07-17): Received replacement cost estimator. Exception cleared.


Buyer Comment (2026-07-15): RCE


Reviewer Comment (2026-07-14): HOI coverage is insufficient by $XXXX. Provide updated policy reflecting minimum coverage of $XXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. Exception remains.


Buyer Comment (2026-07-10): Please Refer doc ID D0183 there is mentioned Roof loss Settlement Replacement cost.
07/17/2026     No 1 C A C A C A C A C A   MN Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000132024 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: HUD/CD not provided   Missing final closing statement signed by all parties. Provided closing statement was not signed by escrow agent.       Reviewer Comment (2026-07-17): Received closing statement signed by all parties. Exception Cleared.


Buyer Comment (2026-07-15): final SS
07/17/2026     No 1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
XXXXX 6000132117 XXXXX   XXXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Legal / Regulatory / Compliance Final Title Policy is missing. No evidence of title in file.   Complete title is missing. Only page 1 of the title is provided.       Reviewer Comment (2026-07-14): Final Title Policy Received and veriifed. Exception cleared.


Buyer Comment (2026-07-10): Please find attached.
07/14/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A     A A   N/A No
XXXXX 6000132117 XXXXX   XXXXX     Credit Loan Package Documentation Closing / Title Title Title: Evidence of title is missing           Reviewer Comment (2026-07-14): Final Title Policy Received and verified. Exception cleared.
07/14/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A     A A   N/A No
XXXXX 6000131994 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided           Reviewer Comment (2026-07-20): Per property history report mortgage on subject property originated on XXXX and first payment due is on XXXX. Received mortgage statement for the XXXX. Exception Cleared.


Buyer Comment (2026-07-16): Please see attached


Reviewer Comment (2026-07-15): Provided Mortgage statement was already in file at the time of Initial Review. Required Verification of Mortgage (VOM) for the subject property as Property History Report reflects open mortgage on Subject Property. Exception Remains.


Buyer Comment (2026-07-12): Please see attached
07/20/2026     No 1 C A C A C A C A C A   IA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000131990 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.   Provided title policy is not covering the loan amount, however, a new title policy is required in the file.       Reviewer Comment (2026-07-15): Received title policy with policy amount of $XXXX. Exception cleared.


Buyer Comment (2026-07-13): PFA as requested
07/15/2026     No 1 B A B A B A B A B A   AZ Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000131990 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided           Reviewer Comment (2026-07-15): Received XXXX mortgage statement for primary residence with due date of XXXX. First mortgage was originated on XXXX with XXXX which was transferred to another lender. Till XXXX, payment was noted on credit report and received XXXX mortgage statement. Exception cleared.


Buyer Comment (2026-07-13): Please review credit report D 0178 in that review rocket mortgage history available up to XXXX month and please find attached XXXX month statement
07/15/2026     No 1 C A C A C A C A C A   AZ Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132136 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Provide a full 12 month housing history for the primary residence. VOR only covers 7 months.       Reviewer Comment (2026-07-17): Received letter of explanation for living rent free for previous primary residence "XXXX". Exception cleared.


Buyer Comment (2026-07-15): loe rent free
07/17/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132071 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Provide verification of the XXXX & XXXX payment for the subject property.       Reviewer Comment (2026-07-17): Received payment confirmation for XXXX from XXXX for the subject property. The details were verified and updated. Exception Cleared.


Buyer Comment (2026-07-15): XXXX was transferred to XXXX
07/17/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000132048 XXXXX   XXXXX     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 (2026-07-17): Received Articles of Incorporation document. Exception Cleared.
07/17/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000132048 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Articles of Incorporation not provided           Reviewer Comment (2026-07-17): Received Articles of Incorporation document. Exception Cleared.


Buyer Comment (2026-07-15): certificate of inc
07/17/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000131912 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: HUD/CD not provided   Missing final closing statement signed by all parties, provided closing statement was not signed by settlement agent.       Reviewer Comment (2026-07-17): Received Final Closing Statement with settlement agent signature. Exception cleared.


Buyer Comment (2026-07-15): Final SS
07/17/2026     No 1 C A C A C A C A C A   VA Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132023 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   For the primary residence, provide either a 12 month pay history or a property report verifying it is owned free and clear with taxes paid current.       Reviewer Comment (2026-07-17): Received Property Report and Tax Certificate confirming the property is owned free and clear and property taxes are current. 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 C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000132023 XXXXX   XXXXX     Credit Credit Credit Documentation Credit Missing Document: Appraisal Invoice not provided           Reviewer Comment (2026-07-17): Received Appraisal Invoice. Exception cleared.


Buyer Comment (2026-07-15): appraisal invoice
07/17/2026     No 1 C A C A C A C A C A   NJ Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000131909 XXXXX   XXXXX     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 signature missing.       Reviewer Comment (2026-07-29): Received closing statement with true & certify stamp. Exception cleared.


Buyer Comment (2026-07-27): PFA as requested


Reviewer Comment (2026-07-24): Received copy not signed by seller. Provide one single closing statement signed by all the parties or stamped true & correct with escrow agent signature. Exception Remains


Buyer Comment (2026-07-22): PFA


Reviewer Comment (2026-07-20): Provide one single closing statement signed by all the parties or stamped true & correct with escrow agent signature. Exception Remains


Buyer Comment (2026-07-16): Please review D0133 it is the same statement signed by Seller no fees have been changed


Reviewer Comment (2026-07-16): Received final closing statement which is not signed by seller. Require final closing statement / HUD-1 signed by all the parties or stamped true & correct with escrow agent signature. Exception remains.


Buyer Comment (2026-07-14): Please find attached as requested
07/29/2026     No 1 C A C A C A C A C A   VA Investment Purchase   C B C B     A A   N/A No
XXXXX 6000131909 XXXXX   XXXXX     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 for LTV. Compensating factors: Reserves. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Reserves: XXXX
Guideline Requirement: 12.00
SitusAMC Reviewer Comment (2026-07-10): Waived with compensating factors per lender exception approval at origination.
    07/10/2026 No 2 B B B B B B B B B B   VA Investment Purchase   C B C B     A A   N/A No
XXXXX 6000132044 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Corporate Resolution not provided   Provide verification of signing authority signed by all owners of the borrower entity.       Reviewer Comment (2026-07-16): The Operating Agreement confirms that the guarantor possesses 100% authority to act on behalf of the entity. Exception Cleared.


Buyer Comment (2026-07-14): Please find attached snip of operating agreement showing authority to act individually and representing members of the firm for mortgage.
07/16/2026     No 1 C A C A C A C A C A   FL Investment Purchase   C A C A     A A   N/A No
XXXXX 6000131899 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2026-07-16): Received Title supplemental Report.Exception Cleared.


Buyer Comment (2026-07-14): Please find attached title supplement with coverage amount.
07/16/2026     No 1 B A B A B A B A B A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 6000131899 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   Title Preliminary does not state a coverage amount.       Reviewer Comment (2026-07-16): Received Title supplemental report. Exception Cleared.
07/16/2026     No 1 B A B A B A B A B A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 6000131899 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: HUD/CD not provided   Missing final closing statement signed by all parties. Provided closing statement is not signed by borower.       Reviewer Comment (2026-07-16): Received final closing statement. Exception cleared.


Buyer Comment (2026-07-14): Please find attached final closing statement.
07/16/2026     No 1 C A C A C A C A C A   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 6000131971 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Account Statements - Business not provided   Guidelines require at least 30 days of assets. Statement covers dates XXXX-XXXX.       Reviewer Comment (2026-07-17): Received Bank Statement satisfies Guideline requirement. Exception cleared.


Buyer Comment (2026-07-15): account was opened on XXXX.
07/17/2026     No 1 C A C A C A C A C A   OK Investment Purchase   C A C A     A A   N/A No
XXXXX 6000131983 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Missing Document  Missing Document: Tax Certificate not provided   Tax Certificate is missing for 2026; however, tax amount is considered from the final closing statement. Please provide updated tax certificate for the same. The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.
Guidelines Representative FICO: 700
Representative FICO: XXXX

Reserves: XXXX
Guideline Requirement: 0.00
Originator,SitusAMC

Originator,SitusAMC
Reviewer Comment (2026-07-30): Waived with compensating factors per lender approved exception.


Buyer Comment (2026-07-30): PFA exception document.


Reviewer Comment (2026-07-29): Provide tax cert reflecting amount $XXXX. Exception remains


Buyer Comment (2026-07-26): Please see attached


Reviewer Comment (2026-07-16): Per final closing statement, total annual tax is $XXXX and per received tax certificate, total tax annual is $XXXX. Provided tax certificate was available at initial review. Require revised tax certificate of clarification on taxes. Exception remains.


Buyer Comment (2026-07-14): Please see attached
    07/30/2026 No 2 C B C B C B C B C B   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 6000131983 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Provide a pay history for the subject property.       Reviewer Comment (2026-07-21): Receive Verification of Mortgage for subject property. Exception cleared.


Buyer Comment (2026-07-17): VOM from XXXX for Subject


Reviewer Comment (2026-07-16): Received payoff statement for the subject property. Require 12 months pay history for the subject property. Exception remains.


Buyer Comment (2026-07-14): Please see attached
07/21/2026     No 1 C A C A C A C A C A   FL Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 6000132038 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided           Reviewer Comment (2026-07-16): Received Certificate of Good Standing. Exception Cleared.


Buyer Comment (2026-07-14): PFA as requested
07/16/2026     No 1 C A C A C A C A C A   VA Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132047 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided   File is missing Certificate of Good Standing for the business entity dated within 90 days of the Note.       Reviewer Comment (2026-07-17): Received Certificate of Good Standing for the business entity. Exception cleared.


Buyer Comment (2026-07-15): COGS
07/17/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000131926 XXXXX   XXXXX     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 4A is missing the principal residence address.       Reviewer Comment (2026-07-17): Received Non-Owner Occupancy document with the principal residence address. Exception cleared.


Buyer Comment (2026-07-15): Non-Owner
07/17/2026     No 1 C A C A C A C A C A   PA Investment Purchase   C A C A     A A   N/A No
XXXXX 6000132128 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   File is missing complete 12 month housing payment history for primary residence. Borrower has owned the subject property for at least 5 years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.

The qualifying DSCR on the loan is greater than the guideline minimum.
Reserves: XXXX
Guideline Requirement: 0.00

Guidelines Representative FICO: 640
Representative FICO: XXXX

The DSCR of XXXX is greater than the minimum required DSCR of 1.00.
SitusAMC

Originator,SitusAMC

Originator,SitusAMC

SitusAMC,Originator
Reviewer Comment (2026-07-23): Waived with compensating factors per lender approved exception received in trailing documents.


Buyer Comment (2026-07-21): Please see attached


Reviewer Comment (2026-07-20): Lender exception received; however, FICO comp factor is incorrect.  Please update to correct FICO and resubmit for review.


Buyer Comment (2026-07-16): Please see attached
    07/23/2026 No 2 C B C B C B C B C B   AZ Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 6000132103 XXXXX   XXXXX     Credit Credit Credit Documentation Credit OFAC was not provided and is required.   Provide OFAC for the borrowing entity.       Reviewer Comment (2026-07-17): Received OFAC for the borrowing entity. Exception cleared.


Buyer Comment (2026-07-15): PFA
07/17/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A     A A   N/A No
XXXXX 6000132133 XXXXX   XXXXX     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   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000132133 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   There are 2 liens on title and only 1 was paid at closing. Provide verification all liens on title have been satisfied and released.       Reviewer Comment (2026-07-20): Received final title policy with no additional liens or mortgage noted. Exception cleared.


Buyer Comment (2026-07-16): Final Title
07/20/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000132137 XXXXX   XXXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2026-07-17): Received final title. Exception cleared
07/17/2026     No 1 A A A A A A A A A A   SC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000132137 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Title reflects a lien on the subject property in the amount of $XXXX, and no lien was paid on the final closing statement. Additional conditions may apply.       Reviewer Comment (2026-07-17): Received final title policy clear of all liens and mortgages. Exception cleared.


Buyer Comment (2026-07-15): Please see attached
07/17/2026     No 1 C A C A C A C A C A   SC Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000132037 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Aged document: Credit Report  is more than 90 days prior to the note date. - Lender to provide credit report within 90 days prior to note date.       Reviewer Comment (2026-07-20): Credit report ordered date XXXX is within 120 days for the Note date. Exception Cleared.


Buyer Comment (2026-07-16): Please note that the credit report was "Re-issued" on XXXX. Please advise why that is not sufficient. Thank you.
07/20/2026     No 1 C A C A C A C A C A   NJ Investment Purchase   C A C A     A A   N/A No
XXXXX 6000132043 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Missing Final 1003   Credit Application is missing in loan file.       Reviewer Comment (2026-07-30): Credit application received


Buyer Comment (2026-07-29): Please see attached


Reviewer Comment (2026-07-24): Provided credit application is not signed by the borrower. Exception remains


Buyer Comment (2026-07-22): Please see attached


Reviewer Comment (2026-07-21): Received unsigned copy of credit application. Require signed credit application. Exception remains.


Buyer Comment (2026-07-17): Please see attached
07/30/2026     No 1 C A C A C A C A C A   NV Investment Purchase   C A C A     A A   N/A No
XXXXX 6000132043 XXXXX   XXXXX     Credit Borrower and Mortgage Eligibility Mortgage / Program Eligibility Borrower and Mortgage Eligibility Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy.   DSCR used market rent $XXXX/PITIA of $XXXX (P&I $XXXX + Taxes $XXXX + HOI $XXXX + HOA $XXXX) = XXXX.       Reviewer Comment (2026-07-21): Received lease agreement with bank statement to support receipt of security deposit and first month rent. Exception cleared.


Buyer Comment (2026-07-20): Please see attached to support that borrowers had a tenant in place for subject and received 1st month rent and security deposit.
07/21/2026     No 1 C A C A C A C A C A   NV Investment Purchase   C A C A     A A   N/A No
XXXXX 6000132122 XXXXX   XXXXX     Credit Credit Credit Documentation Credit OFAC was not provided and is required.   Missing for the business entity.       Reviewer Comment (2026-07-21): Received OFAC for Business Entity. Exception Cleared.


Buyer Comment (2026-07-17): Please see clear LLC. OFAC attached. Thank you.
07/21/2026     No 1 C A C A C A C A C A   NY Investment Refinance - Cash-out - Other   C A C A     A A   N/A No
XXXXX 6000131907 XXXXX   XXXXX     Credit Credit Credit Documentation Credit Missing Document: OFAC not provided   Missing OFAC for trust entity.       Reviewer Comment (2026-07-21): Received OFAC for Business Entity. 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   CA Investment Purchase   C A C A     A A   N/A No
XXXXX 6000132135 XXXXX   XXXXX     Credit Credit Credit Documentation Credit OFAC was not provided and is required.   Provide OFAC for the borrowing entity.       Reviewer Comment (2026-07-24): Received OFAC for the borrowing entity. Exception Cleared.


Buyer Comment (2026-07-22): PFA
07/24/2026     No 1 C A C A C A C A C A   TX Investment Refinance - Rate/Term   C A C A     A A   N/A No
XXXXX 6000132113 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-05-29): CDFI lender testing ATR.
    05/29/2026 No 2 A A A A A A A A A A   TX Second Home Purchase   C B C B A A B A Non QM Exempt from ATR No
XXXXX 6000132113 XXXXX   XXXXX     Property Property - Appraisal Appraisal Reconciliation Property - Appraisal Appraisal is required to be in name of Lender -         Reviewer Comment (2026-06-16): Transfer letter received


Buyer Comment (2026-06-12): appraisal transfer letter


Reviewer Comment (2026-06-05): Transfer letter provided does not meet guideline requirements.


Buyer Comment (2026-06-04): transfer letter
06/16/2026     No 1 B A B A B A B A B A   TX Second Home Purchase   C B C B A A B A Non QM Exempt from ATR No
XXXXX 6000132113 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender approved exception for borrower not meeting minimum 12-month 1099 history. Compensating factors: FICO and LTV. Borrower has verified disposable income of at least $2500.00.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

The representative FICO score exceeds the guideline minimum by at least 40 points.
Documentation Type: 1yr 1099
Disposable Income: $XXXX

Reserves: XXXX
Guideline Requirement: 3.00

Guidelines Representative FICO: 660
Representative FICO: XXXX
SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-06-05): Waived with compensating factors per lender exception approval.


Buyer Comment (2026-06-03): exception
    06/05/2026 No 2 C B C B C B C B C B   TX Second Home Purchase   C B C B A A B A Non QM Exempt from ATR No
XXXXX 6000131890 XXXXX   XXXXX     Credit Credit Credit Documentation Credit No evidence of fraud report in file -         Reviewer Comment (2026-06-25): Received Fraud report. Exception Cleared.


Buyer Comment (2026-06-23): see attached
06/25/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
XXXXX 6000131890 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline AUS/Guideline Findings: All conditions were not met   File is missing Fraud Report.       Reviewer Comment (2026-06-25): Received Fraud report. Exception Cleared.


Buyer Comment (2026-06-23): LoanSafe report uploaded to other exception
06/25/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
XXXXX 6000131890 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Provide rent free letter for borrower along with evidence of an LLPA for rent free. Borrower has no housing history. Borrower is listed on title but not on the current mortgage being paid at closing.       Reviewer Comment (2026-06-25): Mortgage history for 12 months for subject property was already provided in file. Exception Cleared.


Buyer Comment (2026-06-23): See attached LOX
06/25/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Non QM No
XXXXX 6000132031 XXXXX   XXXXX     Credit Asset Asset Calculation / Analysis Asset Available for Closing is insufficient to cover Cash From Borrower.   Available for Closing is insufficient to cover Cash from Borrower. Documented qualifying Assets for Closing of $XXXX is less than Cash from Borrower $XXXX.       Reviewer Comment (2026-07-17): Reserve requirement met. Received closing statement of refinance of departure residence.


Buyer Comment (2026-07-15): Please see HUD accepted by XXXX for loan #XXXX. Show's proceeds. Thank you.
07/17/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132031 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt. QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule. TILA loan designation remains ATR Exempt.       Reviewer Comment (2026-07-01): CDFI lender testing ATR.
    07/01/2026 No 2 A A A A A A A A A A   CA Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132031 XXXXX   XXXXX     Credit Credit AUS Discrepancy / Guidelines Discrepancy Guideline Guideline Requirement: PITIA reserves months discrepancy.   Calculated PITIA months reserves of XXXX is less than Guideline PITIA months reserves of XXXX.       Reviewer Comment (2026-07-17): Reserve requirement met. Received closing statement of refinance of departure residence.
07/17/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132031 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Waterfall due to asset requirement not met. Available for Closing is insufficient to cover Cash from Borrower. Documented qualifying Assets for Closing of $XXXX is less than Cash from Borrower $XXXX.       Reviewer Comment (2026-07-17): Reserve requirement met. Received closing statement of refinance of departure residence.
07/17/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132031 XXXXX   XXXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   Unable to verify proceeds from refinance of $XXXX.       Reviewer Comment (2026-07-17): Reserve requirement met. Received closing statement of refinance of departure residence.


Buyer Comment (2026-07-15): Please see HUD-1 accept by XXXX from refi loan #XXXX.
07/17/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132031 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall due to insufficient assets.       Reviewer Comment (2026-07-17): Reserve requirement met. Received closing statement of refinance of departure residence.
07/17/2026     No 1 C A C A C A C A C A   CA Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132009 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.       Reviewer Comment (2026-07-07): CDFI lender testing ATR
    07/07/2026 No 2 A A A A A A A A A A   IL Primary Refinance - Rate/Term   C B A A C B A A Non QM Exempt from ATR No
XXXXX 6000132009 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow -  Reason TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. Reason for declining escrow was provided.       Reviewer Comment (2026-07-12): LOE and PCCD provided in trailing documents.


Buyer Comment (2026-07-10): see attached corrected PCCD and LOE
  XXXXX   No 2 C B C B C B C B C B   IL Primary Refinance - Rate/Term Letter of Explanation & Corrected Closing Disclosure C B A A C B A A Non QM Exempt from ATR No
XXXXX 6000131911 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-02): CDFI lender testing ATR
    07/02/2026 No 2 A A A A A A A A A A   NJ Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132111 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-06): Waived per client direction.
    07/06/2026 No 2 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   B A A A B A A A Non QM Exempt from ATR No
XXXXX 6000132111 XXXXX   XXXXX     Compliance Compliance Federal Compliance Missing Required Data Closing Disclosure Incomplete – Missing Fees Non-Material Closing Disclosure dated XXXX did not have fees disclosed on page 2, Closing Disclosure dated XXXX used to source fees for testing. Closing Disclosure provided XXXX missing page 2       Reviewer Comment (2026-07-10): Received closing Disclosure with 2nd Page and updated. Exception cleared


Buyer Comment (2026-07-08): Please see attached Final CD
07/10/2026     No 1 B A B A B A B A B A   CA Primary Refinance - Cash-out - Other   B A A A B A A A Non QM Exempt from ATR No
XXXXX 6000132157 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-02): CDFI lender testing ATR
    07/02/2026 No 2 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000131888 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TILA-RESPA Integrated Disclosure: application date on or after 10/3/2015, no Loan Estimates in the Loan File TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $XXXX may be required. Loan Estimate is missing in the file.       Reviewer Comment (2026-07-23): XXXX received initial LE


Buyer Comment (2026-07-21): Uploaded LE and e-Consent.
07/23/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other No Defined Cure C A C A C A A A Non QM Non QM No
XXXXX 6000131888 XXXXX   XXXXX     Credit Disclosure Missing Document Disclosure E-sign Consent Agreement is missing. - E-sign Consent Agreement is missing in the file.       Reviewer Comment (2026-07-23): E-sign Consent Agreement received in file. Exception Cleared.


Buyer Comment (2026-07-21): Uploaded LE and e-Consent.
07/23/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Non QM No
XXXXX 6000131888 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status Unable to determine if the borrower received Settlement Service Provider List due to missing information. SSPL is missing       Reviewer Comment (2026-07-23): Settlement service provider list missing in file.
07/23/2026     No 1   A   A   A   A   A   CA Primary Refinance - Cash-out - Other No Defined Cure C A C A C A A A Non QM Non QM No
XXXXX 6000131888 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. Zero Percent Fee Tolerance exceeded for Loan Origination Fee. Fee Amount of $XXXX exceeds tolerance of $XXXX       Reviewer Comment (2026-07-28): XXXX Received Supporting comments on the exception for increased loan origination fee along with supporting lock document.


Buyer Comment (2026-07-27): The Loan Estimate (LE) dated XXXX, which reflects a loan amount of $XXXX. The origination charge was XXXX% of the loan amount, resulting in an origination fee of $XXXX.

A subsequent Change of Circumstance (COC) Loan Estimate was issued due to a change in loan terms that increased the loan amount to $XXXX. As part of that change, the origination charge was revised to XXXX%, resulting in a fee of $XXXX.

Because the Change of Circumstance was triggered by a valid change in loan terms and the interest rate lock, the adjustment to the origination charge is permissible. MAVENT appropriately reset the fee tolerance baseline based on the valid COC Loan Estimate.
07/28/2026     No 1   A   A   A   A   A   CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A C A C A A A Non QM Non QM No
XXXXX 6000131888 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. Settlement service provider list missing in file.       Reviewer Comment (2026-07-23): SSPL not provided
07/23/2026     No 1   A   A   A   A   A   CA Primary Refinance - Cash-out - Other No Defined Cure C A C A C A A A Non QM Non QM No
XXXXX 6000132069 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. The loan was tested as exempt from ATR, therefore it was not tested under CDFI loan terms.       Reviewer Comment (2026-07-07): CDFI lender testing ATR
    07/07/2026 No 2 A A A A A A A A A A   NV Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132033 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Loan is tested as exempt from ATR, and therefore is not tested under CDFI loan terms.       Reviewer Comment (2026-07-07): CDFI lender testing ATR
    07/07/2026 No 2 A A A A A A A A A A   OK Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132097 XXXXX   XXXXX     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): Final title received.
07/13/2026     No 1 A A A A A A A A A A   CA Investment Refinance - Cash-out - Other   D A C A D A A A N/A Exempt from ATR No
XXXXX 6000132097 XXXXX   XXXXX     Credit Credit Public Records Credit Public Records/Collections/Charge Off does not meet guidelines. -         Reviewer Comment (2026-07-13): Final title received. For judgment - XXXX - D0394 - $XXXX to be paid for release of judgment - paid off through closing. For tax lien - XXXX,Item number 26 deleted as per title supplement - XXXX.


Buyer Comment (2026-07-09): Final Title
07/13/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Cash-out - Other   D A C A D A A A N/A Exempt from ATR No
XXXXX 6000132097 XXXXX   XXXXX     Credit Credit Credit Eligibility Guideline Public Record Issue: -         Reviewer Comment (2026-07-13): Final title received. For judgment - XXXX - D0394 - $XXXX to be paid for release of judgment - paid off through closing. For tax lien - XXXX,Item number 26 deleted as per title supplement - XXXX.


Buyer Comment (2026-07-09): see attached final title
07/13/2026     No 1 B A B A B A B A B A   CA Investment Refinance - Cash-out - Other   D A C A D A A A N/A Exempt from ATR No
XXXXX 6000132097 XXXXX   XXXXX     Compliance Loan Package Documentation Closing / Title Missing, Incorrect, or Incomplete HUD-1 Missing Final HUD-1   Closing statement in file indicates it is an estimate.  Please provide final closing statement/HUD for subject transaction.       Reviewer Comment (2026-07-10): Received final closing statement. Exception cleared.


Buyer Comment (2026-07-08): Final Settlement Statement attached
07/10/2026     No 1 D A D A D A D A D A   CA Investment Refinance - Cash-out - Other   D A C A D A A A N/A Exempt from ATR No
XXXXX 6000132096 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-07): CDFI lender testing ATR
    07/07/2026 No 2 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   C A A A C A A A Non QM Exempt from ATR No
XXXXX 6000132096 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $XXXX exceeds tolerance of $XXXX plus XXXX% or $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. No valid COC or lender cure was provided for the increase in 0% Tolerance Fees.       Reviewer Comment (2026-07-15): SSPL received reflecting borrower shopped for services.


Buyer Comment (2026-07-15): Attached is the SSPL
07/15/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C A A A C A A A Non QM Exempt from ATR No
XXXXX 6000132096 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Settlement Service Provider Status TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. List of Settlement Service Providers was not found in file.       Reviewer Comment (2026-07-15): SSPL received in trailing documents.
07/15/2026     No 1 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other No Defined Cure C A A A C A A A Non QM Exempt from ATR No
XXXXX 6000131927 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-07): CDFI lender testing ATR
    07/07/2026 No 2 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000131927 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing. Cure amount not provided on final Closing Disclosure.       Reviewer Comment (2026-07-02): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   GA Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000131978 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-07): CDFI lender testing ATR
    07/07/2026 No 2 A A A A A A A A A A   FL Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Exempt from ATR No
XXXXX 6000131978 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Missing 12 month housing history payment for loan being paid off at closing.       Reviewer Comment (2026-07-16): The only payment was verified through cancelled check, exception cleared.


Buyer Comment (2026-07-15): Please see cancelled check payment attached. Thank you.


Buyer Comment (2026-07-15): Please see 1st payment attached. Thank you.


Buyer Comment (2026-07-15): Please see 1st payment letter attached. Thank you.


Buyer Comment (2026-07-14): PFA as requested


Reviewer Comment (2026-07-10): As per provided first payment letter first payment due date is XXXX, please provide payment receipt for the same to clear the exception. Exception Remains.


Buyer Comment (2026-07-08): Please review attached letter 1st installment will be due on June so there is no requirement of 12-month housing history payment
07/16/2026     No 1 C A C A C A C A C A   FL Primary Refinance - Cash-out - Other   C A C A A A A A Non QM Exempt from ATR No
XXXXX 6000131913 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-07): CDFI lender testing ATR
    07/07/2026 No 2 A A A A A A A A A A   TX Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132118 XXXXX   XXXXX     Property Credit General Credit The property type differs between the valuation documents in file. Unable to verify the property type.  Ineligible per guidelines.   The property type differs between the valuations captured; the most recent appraisal indicates the property type is PUD.       Reviewer Comment (2026-07-30): Received revised appraisal. Exception cleared.


Buyer Comment (2026-07-28): PUD
07/30/2026     No 1 C A C A C A C A C A   VA Investment Refinance - Cash-out - Other   C A C A A A C A N/A Exempt from ATR No
XXXXX 6000132118 XXXXX   XXXXX     Credit Legal / Regulatory / Compliance Title / Lien Defect Title Title Policy is Preliminary or Commitment, and not a Final Title Policy.           Reviewer Comment (2026-07-29): Final title received.
07/29/2026     No 1 A A A A A A A A A A   VA Investment Refinance - Cash-out - Other   C A C A A A C A N/A Exempt from ATR No
XXXXX 6000132118 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation OFAC red flag on fraud report   The OFAC for the business entity was not provided. The OFAC Report disclosed a search for the borrowing entity as XXXX; the Articles of Organization and Note disclosed the borrowing entity as XXXX.       Reviewer Comment (2026-07-21): OFAC received for borrowing entity.


Buyer Comment (2026-07-17): Lender accepts. Please waive with available compensating factors.


Reviewer Comment (2026-07-15): Received fraud report is dated post closing. Exception Remains.


Buyer Comment (2026-07-13): Fraud
07/21/2026     No 1 C A C A C A C A C A   VA Investment Refinance - Cash-out - Other   C A C A A A C A N/A Exempt from ATR No
XXXXX 6000132118 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   The document disclosing CPA Certification was not dated.       Reviewer Comment (2026-07-13): Received dated CPA verification.


Buyer Comment (2026-07-09): cpa license
07/13/2026     No 1 C A C A C A C A C A   VA Investment Refinance - Cash-out - Other   C A C A A A C A N/A Exempt from ATR No
XXXXX 6000132118 XXXXX   XXXXX     Credit Title General Title Title Policy Coverage is less than Original Loan Amount.           Reviewer Comment (2026-07-29): Final title received.


Buyer Comment (2026-07-27): Final
07/29/2026     No 1 B A B A B A B A B A   VA Investment Refinance - Cash-out - Other   C A C A A A C A N/A Exempt from ATR No
XXXXX 6000132118 XXXXX   XXXXX     Credit Property - Appraisal General Appraisal Requirements Property - Appraisal Subject is a refinance and property is listed for sale. - The appraisal disclosed that the property was listed for sale within the last 12 months. Please provide verification of when the listing was canceled. If listed at the time of application, please provide a letter of explanation disclosing the reason the property was listed and evidence that it was taken off the market prior to the Note date.       Reviewer Comment (2026-07-13): Received XXXX confirming listing was removed on XXXX.


Buyer Comment (2026-07-09): zillow listing
07/13/2026     No 1 C A C A C A C A C A   VA Investment Refinance - Cash-out - Other   C A C A A A C A N/A Exempt from ATR No
XXXXX 6000132118 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - The document disclosing CPA Certification was not dated.       Reviewer Comment (2026-07-13): Received dated CPA verification.


Buyer Comment (2026-07-09): see attached doc
07/13/2026     No 1 C A C A C A C A C A   VA Investment Refinance - Cash-out - Other   C A C A A A C A N/A Exempt from ATR No
XXXXX 6000131943 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. CDFI Bank Originated Loan submitted as non-exempt.       Reviewer Comment (2026-07-07): CDFI lender testing ATR
    07/07/2026 No 2 A A A A A A A A A A   CT Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132021 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Loan is tested under exempt from ATR, due to which it is not tested under CDFI loan terms.       Reviewer Comment (2026-07-07): CDFI lender testing ATR
    07/07/2026 No 2 A A A A A A A A A A   TX Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132032 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Non-QM designation is used to qualify due to which this exception fired.       Reviewer Comment (2026-07-07): CDFI lender testing ATR
    07/07/2026 No 2 A A A A A A A A A A   FL Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132091 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-07): CDFI lender testing ATR
    07/07/2026 No 2 A A A A A A A A A A   CA Primary Refinance - Rate/Term   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132094 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-07): CDFI lender testing ATR
    07/07/2026 No 2 A A A A A A A A A A   FL Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132045 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-08): CDFI lender testing ATR
    07/08/2026 No 2 A A A A A A A A A A   NV Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132045 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Missing Verification of business within 20 business days of the Note date.       Reviewer Comment (2026-07-17): Received CPA letter within 20 business days of note.


Buyer Comment (2026-07-15): cpa letter
07/17/2026     No 1 C A C A C A C A C A   NV Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132045 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing TPV of the business dated within 20 business days of the Note date.       Reviewer Comment (2026-07-17): Received CPA letter within 20 business days of note.


Buyer Comment (2026-07-15): see attached cpa letter
07/17/2026     No 1 C A C A C A C A C A   NV Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132045 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Missing TPV of the business dated within 20 business days of the Note date.       Reviewer Comment (2026-07-17): Received CPA letter within 20 business days of note.


Buyer Comment (2026-07-15): see attached cpa letter
07/17/2026     No 1 C A C A C A C A C A   NV Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132045 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Missing TPV of the business dated within 20 business days of the Note date.       Reviewer Comment (2026-07-17): Received CPA letter within 20 business days of note.


Buyer Comment (2026-07-15): see attached cpa letter
07/17/2026     No 1 C A C A C A C A C A   NV Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132061 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-08): CDFI lender testing ATR
    07/08/2026 No 2 A A A A A A A A A A   CA Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000131937 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-07): CDFI lender testing ATR.
    07/07/2026 No 2 A A A A A A A A A A   CA Primary Purchase   C B C B A A A A Non QM Exempt from ATR No
XXXXX 6000131937 XXXXX   XXXXX     Credit Credit Miscellaneous Credit Missing Document: Credit Letter of Explanation (LOE) not provided   Unable to verify 12 months' housing history for borrower XXXXX XXXXX primary residence. Please provide payment history, property report or a rent-free letter of explanation. Borrower has been employed in the same industry for more than 5 years.

Borrower has verified disposable income of at least $2500.00.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.
Documentation Type: 12mo Bank Statement
Disposable Income: $XXXX

Reserves: XXXX
Guideline Requirement: 3.00

DTI: XXXX%
Guideline Maximum DTI: 50.00000%
SitusAMC

Originator,SitusAMC

Originator,SitusAMC

SitusAMC

Originator,SitusAMC
Reviewer Comment (2026-07-16): Waived with compensating factors per lender approved exception received in trailing documents.


Buyer Comment (2026-07-14): exception
    07/16/2026 No 2 C B C B C B C B C B   CA Primary Purchase   C B C B A A A A Non QM Exempt from ATR No
XXXXX 6000132029 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Document provided to verify the CPA certification is not dated.       Reviewer Comment (2026-07-16): Received  document which confirm Verification of the certification of CPA, Information validated. Exception Cleared.


Buyer Comment (2026-07-14): dated cpa verification
07/16/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A B A A A N/A Exempt from ATR No
XXXXX 6000132029 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Document provided to verify the CPA certification is not dated.       Reviewer Comment (2026-07-16): Received  document which confirm Verification of the certification of CPA, Information validated. Exception Cleared.


Buyer Comment (2026-07-14): see attached docs
07/16/2026     No 1 C A C A C A C A C A   NY Investment Purchase   C A C A B A A A N/A Exempt from ATR No
XXXXX 6000132029 XXXXX   XXXXX     Compliance Compliance Federal Compliance Compliance Consumer Purpose Determined On Investment Property Loan file contains documentation that may indicate subject transaction was originated as a consumer purpose loan. Deal setting set to exclude all investment occupancy from TRID and/or QM/ATR testing as business purpose loans.  Client to review and determine if loan should be tested for full Credit/Compliance. Per final HUD-1 provided, borrower paid off multiple consumer debts.       Reviewer Comment (2026-07-23): Purchase transaction.  Cash brought to closing by borrower covers personal debts paid through transaction.


Buyer Comment (2026-07-21): PFA


Reviewer Comment (2026-07-13): The final HUD provided in the file reflects this borrower paid off multiple individual debts from the credit report.  If these are business debts, please provide evidence of this.  The debts are not in relation to any housing expense, they are consumer debts reflected on the credit report.


Buyer Comment (2026-07-09): Please Re-Review as this is investment transaction as per 1003 borrower living rent free doc ID 0178, also see lender exceptions doc id 0212 borrower is first time investor and lives on Rent. This not Consumer Purpose Transaction.
07/23/2026     No 1 B A B A B A B A B A   NY Investment Purchase   C A C A B A A A N/A Exempt from ATR No
XXXXX 6000132114 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Income document is missing, requires CPA certification search report.       Reviewer Comment (2026-07-08): CDFI lender testing ATR
    07/08/2026 No 2 A A A A A A A A A A   GA Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132002 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - XXXXbank statement for XXXX Account #XXXX is missing.       Reviewer Comment (2026-07-16): Received XXXX month bank statement for account #XXXX. Exception cleared.


Buyer Comment (2026-07-14): April 2025
07/16/2026     No 1 C A C A C A C A C A   NJ Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000132002 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Account Statements - Business not provided   XXXX bank statement for XXXX Account #XXXX is missing.       Reviewer Comment (2026-07-16): Received XXXX month bank statement for account #XXXX. Exception cleared.


Buyer Comment (2026-07-14): see attached statement
07/16/2026     No 1 C A C A C A C A C A   NJ Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000132002 XXXXX   XXXXX     Credit Credit Credit Eligibility Guideline Public Record Issue: - Missing evidence that the $2,000.00 civil judgment (Case No. XXXXXXX) has been satisfied and released.       Reviewer Comment (2026-07-16): Received documentation for the satisfaction of judgment. Exception cleared.


Buyer Comment (2026-07-14): satisfaction


Buyer Comment (2026-07-14): case number and docket number
07/16/2026     No 1 B A B A B A B A B A   NJ Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000132002 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-08): CDFI lender testing ATR
    07/08/2026 No 2 A A A A A A A A A A   NJ Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000132002 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Waterfall due to XXXX bank statement for XXXX Account #XXXX is missing.       Reviewer Comment (2026-07-16): Received XXXX month bank statement for account #XXXX. Exception cleared.
07/16/2026     No 1 C A C A C A C A C A   NJ Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000132002 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow -  Reason TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. The Final Closing Disclosure indicates that the loan does not include an escrow account. However, the disclosure does not specify whether this is due to the borrower declining escrow or because the lender does not offer one, as the corresponding checkbox was left unmarked.       Reviewer Comment (2026-07-20): XXXX Received Letter of Explanation & Corrected Closing Disclosure.


Buyer Comment (2026-07-17): PFA
  XXXXX   No 2 C B C B C B C B C B   NJ Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000132002 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   CPA Certification is not dated.       Reviewer Comment (2026-07-16): Received Verification of CPA with date. Exception cleared.


Buyer Comment (2026-07-14): dated verification
07/16/2026     No 1 C A C A C A C A C A   NJ Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000132002 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) CPA Certification is not dated.       Reviewer Comment (2026-07-16): Received Verification of CPA with date. Exception cleared.
07/16/2026     No 1 C A C A C A C A C A   NJ Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000132015 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-08): CDFI lender testing ATR.
    07/08/2026 No 2 A A A A A A A A A A   CT Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132100 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-10): CDFI lender testing ATR
    07/10/2026 No 2 A A A A A A A A A A   FL Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132039 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Loan designation discrepancy due to missing verification that the donor gave the closing agent the gift funds and CPA verification.       Reviewer Comment (2026-07-10): CDFI lender testing ATR
    07/10/2026 No 2 A A A A A A A A A A   FL Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132039 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall due to missing verification that the donor gave the closing agent the gift funds and CPA verification.       Reviewer Comment (2026-07-17): Received CPA verification. Exception cleared.


Buyer Comment (2026-07-15): see attached docs
07/17/2026     No 1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132039 XXXXX   XXXXX     Credit Asset Asset Documentation Asset Asset documentation requirements not met.   File is missing verification that the donor gave the closing agent the gift funds.       Reviewer Comment (2026-07-17): Received wire confirmation. Exception cleared.


Buyer Comment (2026-07-15): gift wire
07/17/2026     No 1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132039 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Source of Funds/Deposit not provided   File is missing verification that the donor gave the closing agent the gift funds.       Reviewer Comment (2026-07-17): Received wire confirmation. Exception cleared.


Buyer Comment (2026-07-15): see attached gift wire
07/17/2026     No 1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132039 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   File is missing CPA verification.       Reviewer Comment (2026-07-17): Received CPA verification. Exception cleared.


Buyer Comment (2026-07-15): ptin
07/17/2026     No 1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132039 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Waterfall due to missing verification that the donor gave the closing agent the gift funds and CPA verification.       Reviewer Comment (2026-07-17): Received CPA verification and wire confirmation. Exception cleared.


Buyer Comment (2026-07-15): see attached docs
07/17/2026     No 1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132039 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - File is missing CPA verification.       Reviewer Comment (2026-07-17): Received CPA verification. Exception cleared.


Buyer Comment (2026-07-15): see attached ptin
07/17/2026     No 1 C A C A C A C A C A   FL Primary Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000131916 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Verification of Non-US Citizen Status not provided   Please provide document to verify non-US citizenship status.       Reviewer Comment (2026-07-30): Received permanent resident card. Exception cleared.


Buyer Comment (2026-07-28): Please find attached.
07/30/2026     No 1 C A C A C A C A C A   AZ Investment Purchase   C B C B A A A A N/A Exempt from ATR No
XXXXX 6000131916 XXXXX   XXXXX     Credit Credit Credit Eligibility Guideline Public Record Issue:   Please provide evidence that the tax liens were settled or released.       Reviewer Comment (2026-07-30): Waived per lender exception.


Reviewer Comment (2026-07-30): EXCEPTION HISTORY - Exception Detail was updated on XXXX PRIOR Exception Detail: Credit Report: Original // Public Record Type: Tax Liens / Balance: XXXX, Credit Report: Original // Public Record Type: Tax Liens / Balance: XXXX, Credit Report: Original // Public Record Type: Tax Liens / Balance: XXXX


Buyer Comment (2026-07-28): Please find attached.
    07/30/2026 No 2 B B B B B B B B B B   AZ Investment Purchase   C B C B A A A A N/A Exempt from ATR No
XXXXX 6000131897 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Loan designation discrepancy due to missing verification of hazard insurance on the primary residence.       Reviewer Comment (2026-07-08): Waived in error.


Reviewer Comment (2026-07-08): CDFI lender testing ATR.
    07/08/2026 No 2 A A A A A A A A A A   CA Second Home Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000131897 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) File is missing verification of hazard insurance for primary residence.       Reviewer Comment (2026-07-17): HOI for primary residence received in trailing documents.


Buyer Comment (2026-07-15): see attached docs
07/17/2026     No 1 C A C A C A C A C A   CA Second Home Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000131897 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   File is missing verification of hazard insurance on the primary residence.       Reviewer Comment (2026-07-17): HOI for primary residence received in trailing documents.


Buyer Comment (2026-07-15): Primary


Buyer Comment (2026-07-15): HOI & RCE
07/17/2026     No 1 C A C A C A C A C A   CA Second Home Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000131897 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Waterfall due to missing verification of hazard insurance on the primary residence.       Reviewer Comment (2026-07-17): HOI for primary residence received in trailing documents.


Buyer Comment (2026-07-15): see attached docs
07/17/2026     No 1 C A C A C A C A C A   CA Second Home Purchase   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132129 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-14): CDFI lender testing ATR


Buyer Comment (2026-07-13): Please waive.
    07/14/2026 No 2 A A A A A A A A A A   TX Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000131976 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-15): CDFI lender testing ATR


Buyer Comment (2026-07-14): Please waive.
    07/15/2026 No 2 A A A A A A A A A A   TX Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132008 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $XXXX exceeds tolerance of $XXXX. Insufficient or no cure was provided to the borrower. Zero percent fee tolerance exceeded for lender credits. Final lender credit of $XXXX exceeds tolerance of $-XXXX. Insufficient or no cure was provided to the borrower.       Reviewer Comment (2026-07-16): XXXX:Upon review the broker cure of $XXXX was changed to reflection under the lender cure in section J of the final CD.


Buyer Comment (2026-07-15): Please find attached the COC.
07/16/2026     No 1 C A C A C A C A C A   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Exempt from ATR No
XXXXX 6000132008 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Loan designation failure due to ATR failure. This exception will be cleared once all ATR-specific exceptions have been cured or cleared.       Reviewer Comment (2026-07-08): CDFI lender testing ATR
    07/08/2026 No 2 A A A A A A A A A A   FL Primary Purchase   C B B B C B A A Non QM Exempt from ATR No
XXXXX 6000132008 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  $XXXX over legal limit.  Insufficient or no cure was provided to the borrower. XXXX% tolerance was exceeded by $XXXX due to appraisal fee. A specific credit of $XXXX has been provided as cure at closing.       Reviewer Comment (2026-07-16): Cured at closing or within 60 days of consummation prior to TPR review


Buyer Comment (2026-07-15): Please refer doc id # D0267 Cure was given at closing see page 2 of CD showing cure.
  XXXXX   No 1 C B C B C B C B C B   FL Primary Purchase Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD C B B B C B A A Non QM Exempt from ATR No
XXXXX 6000132008 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested exception for housing history. Rent paid in cash. We have VOR and lease agreement in the file. The qualifying DTI on the loan is at least 10% less than the guideline maximum.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower has verified disposable income of at least $2500.00.
DTI: XXXX%
Guideline Maximum DTI: 50.00000%
Originator Pre-Close,SitusAMC

SitusAMC

SitusAMC
Reviewer Comment (2026-07-08): Lender approved exception at origination with compensating factors
    07/08/2026 No 2 B B B B B B B B B B   FL Primary Purchase   C B B B C B A A Non QM Exempt from ATR No
XXXXX 6000132058 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $XXXX exceeds tolerance of $XXXX.  Sufficient or excess cure was provided to the borrower at Closing.         Reviewer Comment (2026-07-09): Sufficient Cure Provided At Closing
  XXXXX   No 1 A A A A A A A A A A   CA Primary Purchase Final CD evidences Cure A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132058 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-16): CDFI lender testing ATR


Buyer Comment (2026-07-15): CDFI lender testing ATR.
    07/16/2026 No 2 A A A A A A A A A A   CA Primary Purchase   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000131984 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-08): CDFI lender testing ATR
    07/08/2026 No 2 A A A A A A A A A A   NC Primary Purchase   C B C B A A A A Non QM Exempt from ATR No
XXXXX 6000131984 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Lender requested exception for income. Need an exception to proceed with co-mingled bank statement. We have 10 months of business bank statement and 2 months of personal bank statement. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrower has verified disposable income of at least $2500.00.
Reserves: XXXX
Guideline Requirement: 3.00

Documentation Type: 12mo Bank Statement
Disposable Income: $XXXX
Originator Pre-Close,SitusAMC

Originator Pre-Close,SitusAMC
Reviewer Comment (2026-07-08): Lender approved exception with compensating factors.
    07/08/2026 No 2 B B B B B B B B B B   NC Primary Purchase   C B C B A A A A Non QM Exempt from ATR No
XXXXX 6000131984 XXXXX   XXXXX     Credit Credit Miscellaneous Guideline Credit Exception:   Missing UW discretion for borrower living rent free.       Reviewer Comment (2026-07-21): UW discretion received.


Buyer Comment (2026-07-17): uw discretion
07/21/2026     No 1 C A C A C A C A C A   NC Primary Purchase   C B C B A A A A Non QM Exempt from ATR No
XXXXX 6000132168 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Missing a verbal VOE within 20 business days from the note date. Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least 40 points.
Documentation Type: 12mo CPA P&L
Disposable Income: $XXXX

Reserves: XXXX
Guideline Requirement: 3.00

Guidelines Representative FICO: 720
Representative FICO: XXXX
Originator,SitusAMC

SitusAMC

Originator,SitusAMC

SitusAMC

SitusAMC

Originator,SitusAMC
Reviewer Comment (2026-07-20): Waived with compensating factors per lender approved exception received in trailing documents.


Buyer Comment (2026-07-16): Exception provided for V.VOE
    07/20/2026 No 2 C B C B C B C B C B   NY Investment Purchase   C B C B A A A A N/A Exempt from ATR No
XXXXX 6000132168 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - ___ Missing a verbal VOE within 20 business days from the note date. Borrower has verified disposable income of at least $2500.00.

Borrower has worked in the same position for more than 3 years.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

The qualifying DTI on the loan is at least 10% less than the guideline maximum.

The representative FICO score exceeds the guideline minimum by at least 40 points.
Documentation Type: 12mo CPA P&L
Disposable Income: $XXXX

Reserves: XXXX
Guideline Requirement: 3.00

Guidelines Representative FICO: 720
Representative FICO: XXXX
Originator,SitusAMC

SitusAMC

Originator,SitusAMC

SitusAMC

SitusAMC

Originator,SitusAMC
Reviewer Comment (2026-07-20): Waived with compensating factors per lender approved exception received in trailing documents.


Buyer Comment (2026-07-16): Exception provided for V.VOE
    07/20/2026 No 2 C B C B C B C B C B   NY Investment Purchase   C B C B A A A A N/A Exempt from ATR No
XXXXX 6000132132 XXXXX   XXXXX     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): Final title received.
07/20/2026     No 1 A A A A A A A A A A   CA Investment Refinance - Rate/Term   C A C A A A A A N/A Exempt from ATR No
XXXXX 6000132132 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.   Title policy amount not provided in preliminary title policy.       Reviewer Comment (2026-07-20): Final title received.


Buyer Comment (2026-07-16): Final title
07/20/2026     No 1 B A B A B A B A B A   CA Investment Refinance - Rate/Term   C A C A A A A A N/A Exempt from ATR No
XXXXX 6000132132 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - HOA verification not provided for property XXXX       Reviewer Comment (2026-07-20): document received.


Buyer Comment (2026-07-16): HOA reported on attached appraisal
07/20/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C A C A A A A A N/A Exempt from ATR No
XXXXX 6000132132 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Missing HOA verification for property on Via XXXX.       Reviewer Comment (2026-07-20): document received.


Buyer Comment (2026-07-16): see attached HOA reported on appraisal
07/20/2026     No 1 C A C A C A C A C A   CA Investment Refinance - Rate/Term   C A C A A A A A N/A Exempt from ATR No
XXXXX 6000132154 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-14): CDFI lender testing ATR
    07/14/2026 No 2 A A A A A A A A A A   FL Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000132110 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-14): CDFI lender testing ATR
    07/14/2026 No 2 A A A A A A A A A A   FL Primary Refinance - Cash-out - Other   A A A A A A A A Non QM Exempt from ATR No
XXXXX 6000131966 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-14): CDFI lender testing ATR
    07/14/2026 No 2 A A A A A A A A A A   MN Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000131966 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow -  Reason TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. Final Closing Disclosure provided on XXXXincorrectly disclosed whether the loan will have an escrow account.       Reviewer Comment (2026-07-20): XXXX received Letter of explanation and Corrected Closing disclosure.


Buyer Comment (2026-07-20): Please see attached
  XXXXX   No 2 C B C B C B C B C B   MN Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000131966 XXXXX   XXXXX     Credit Credit Credit Documentation Guideline Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided   Missing Verification of 12 months mortgage verification.       Reviewer Comment (2026-07-22): Property history report received, property is free & clear. Exception cleared.


Buyer Comment (2026-07-20): Please see attached
07/22/2026     No 1 C A C A C A C A C A   MN Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000131966 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Missing Lease information REO XXXX used for DTI       Reviewer Comment (2026-07-22): Lease agreement received & associated. Exception cleared.


Buyer Comment (2026-07-20): Please see attached
07/22/2026     No 1 C A C A C A C A C A   MN Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000131966 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Waterfall due to Missing Lease information REO XXXX used for DTI       Reviewer Comment (2026-07-22): Lease agreement received & associated. Exception cleared.
07/22/2026     No 1 C A C A C A C A C A   MN Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000131966 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Waterfall due to Missing Lease information REO XXXX used for DTI       Reviewer Comment (2026-07-22): Lease agreement received & associated. Exception cleared.
07/22/2026     No 1 C A C A C A C A C A   MN Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000131966 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Check Loan Designation Match - ATR Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. Waterfall due to missing Lease information used to calculate DTI in file.       Reviewer Comment (2026-07-22): Lease agreement received & associated. Exception cleared.
07/22/2026     No 1 B A C A B A C A B A   MN Primary Refinance - Cash-out - Other Lender to provide updated ATR/QM status C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000131966 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect General Ability To Repay Provision Income and Assets - REO 25% Method Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. Waterfall due to missing Lease information used to calculate DTI in file.       Reviewer Comment (2026-07-22): Lease agreement received & associated. Exception cleared.
07/22/2026     No 1 C A C A C A C A C A   MN Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000131966 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM NonQM ATR Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. Waterfall due to missing Lease information used to calculate DTI in file.       Reviewer Comment (2026-07-22): Lease agreement received & associated. Exception cleared.
07/22/2026     No 1 A A A A A A A A A A   MN Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000131966 XXXXX   XXXXX     Credit Income / Employment Income Documentation Missing Document  REO Documents are missing. - Missing Lease information used to calculate DTI in file.       Reviewer Comment (2026-07-22): Lease agreement received & associated. Exception cleared.


Buyer Comment (2026-07-20): Please see attached
07/22/2026     No 1 C A C A C A C A C A   MN Primary Refinance - Cash-out - Other   C B C A C B A A Non QM Exempt from ATR No
XXXXX 6000132115 XXXXX   XXXXX     Property Property - Appraisal Appraisal Documentation Property - Appraisal Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. -         Reviewer Comment (2026-07-30): 442 received in trailing documents.


Buyer Comment (2026-07-30): PFA as requested


Reviewer Comment (2026-07-22): Received photos for the property does not have inspection date. Exception remains.


Buyer Comment (2026-07-20): Please find attached Time and Stamp photos for property
07/30/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Exempt from ATR No
XXXXX 6000132115 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt.         Reviewer Comment (2026-07-17): CDFI lender testing ATR
    07/17/2026 No 2 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Exempt from ATR No
XXXXX 6000132115 XXXXX   XXXXX     Compliance Compliance Federal Compliance TRID Defect TRID Final Closing Disclosure Will Not Have Escrow -  Reason TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XXXX incorrectly disclosed whether the loan will have an escrow account. Escrow Account section (page 4) "will not have an escrow account" box was checked, yet there are no escrows collected in Other Costs/Section G.       Reviewer Comment (2026-07-22): XXXX received PCCD and LOE


Buyer Comment (2026-07-21): PFA as requested
  XXXXX   No 2 C B C B C B C B C B   CA Primary Refinance - Cash-out - Other Letter of Explanation & Corrected Closing Disclosure C B C A C B C A Non QM Exempt from ATR No
XXXXX 6000132115 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: - Missing 2 months of business bank statements which are required when using personal bank statements for bank statement income program.       Reviewer Comment (2026-07-24): Per lender explanation received in trailing documents, considered as co-mingled statements with 10% expense factor applied.


Buyer Comment (2026-07-23): Please review attached explanation
07/24/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Exempt from ATR No
XXXXX 6000132115 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Missing 2 months of business bank statements which are required when using personal bank statements for bank statement income program.       Reviewer Comment (2026-07-24): Per lender explanation received in trailing documents, considered as co-mingled statements with 10% expense factor applied.


Buyer Comment (2026-07-23): Explanation has been provided
07/24/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Exempt from ATR No
XXXXX 6000132115 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Missing 2 months of business bank statements which are required when using personal bank statements for bank statement income program.       Reviewer Comment (2026-07-24): Per lender explanation received in trailing documents, considered as co-mingled statements with 10% expense factor applied.


Buyer Comment (2026-07-23): Explanation has been provided
07/24/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Exempt from ATR No
XXXXX 6000132115 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Missing 2 months of business bank statements which are required when using personal bank statements for bank statement income program.       Reviewer Comment (2026-07-24): Per lender explanation received in trailing documents, considered as co-mingled statements with 10% expense factor applied.


Buyer Comment (2026-07-23): Explanation has been provided
07/24/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Exempt from ATR No
XXXXX 6000132115 XXXXX   XXXXX     Credit Missing Document General Missing Document Missing Document: Account Statements - Business not provided   Missing 2 months of business bank statements which are required when using personal bank statements for bank statement income program.       Reviewer Comment (2026-07-24): Per lender explanation received in trailing documents, considered as co-mingled statements with 10% expense factor applied.


Buyer Comment (2026-07-23): Explanation has been provided
07/24/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C B C A C B C A Non QM Exempt from ATR No
XXXXX 6000132034 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM CDFI Bank Originated Loan submitted as Non Exempt Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt.   QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule.  TILA loan designation remains ATR Exempt. Federal HPML Appraisal requirements due to loan failing one QM Points and Fees.       Reviewer Comment (2026-07-16): CDFI lender testing ATR
    07/16/2026 No 2 A A A A A A A A A A   CA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132034 XXXXX   XXXXX     Credit Title Document Error Title The Commitment or Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.           Reviewer Comment (2026-07-22): Received supplemental report & coverage amount updated. Exception cleared.


Buyer Comment (2026-07-20): Please find attached.
07/22/2026     No 1 B A B A B A B A B A   CA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132034 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Income/Asset Guideline Deficiency - ATR Impact Ability to Repay (Dodd-Frank 2014): Ability to Repay (Dodd-Frank 2014): There are one or more guideline deficiencies related to income and/or asset doc requirements which may impact the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.) Missing CPA Certification/Proof Of License       Reviewer Comment (2026-07-29): CPA Certification document received.
07/29/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132034 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income documentation requirements not met.   Missing evidence of CPA Certification/License       Reviewer Comment (2026-07-29): CPA Certification document received.


Buyer Comment (2026-07-27): Please see attached.


Reviewer Comment (2026-07-22): Condition is not asking for the VVOE with the CPA.  File is missing evidence the individual who completed the CPA letter is duly licensed.


Buyer Comment (2026-07-20): Please find attached verification of CPA
07/29/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132034 XXXXX   XXXXX     Compliance Compliance Federal Compliance ATR/QM Defect Loan does not meet one or more guideline components which could impact the borrower's ability to repay. General Ability to Repay Provision:  Loan does not meet one or more guideline components which could impact the borrower's ability to repay. Missing evidence of CPA License       Reviewer Comment (2026-07-29): CPA Certification document received.
07/29/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Exempt from ATR No
XXXXX 6000132034 XXXXX   XXXXX     Credit Income / Employment Income Documentation Income / Employment Income Docs Missing: -         Reviewer Comment (2026-07-29): CPA Certification document received.
07/29/2026     No 1 C A C A C A C A C A   CA Primary Refinance - Cash-out - Other   C A C A C A A A Non QM Exempt from ATR No
XXXXX 4000138885 XXXXX   XXXXX     Credit Credit Credit Eligibility Guideline Public Record Issue: - All tax liens are required to be paid at or prior to closing.       Reviewer Comment (2026-07-08): Received Satisfaction of Liens released. Exception cleared.


Buyer Comment (2026-07-06): see attached


Buyer Comment (2026-07-06): Document D0289 - Release of Lien for $XXXX recorded XXXX
Release date was provided for $XXXX - XXXX
Release date was provided for $XXXX - XXXX
07/08/2026     No 1 B A B A B A B A B A   CA Investment Refinance - Cash-out - Other   B A B A     A A   N/A No
XXXXX 4000138777 XXXXX   XXXXX     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 final closing statement. Exception Cleared


Buyer Comment (2026-07-22): Please see attached
07/24/2026     No 1 D A D A D A D A D A   CA Investment Refinance - Cash-out - Other   D A D A     A A   N/A No
XXXXX 4000138774 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Mortgage Statement(s) not provided   Provide a mortgage statement or property report to support borrower living rent free with spouse.       Reviewer Comment (2026-07-23): Received property profile for the primary residence with owner name as borrower's spouse. 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   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000138774 XXXXX   XXXXX     Credit Loan Package Documentation Application / Processing Loan Package Documentation Missing Document: Certificate of Good Standing not provided     The representative FICO score exceeds the guideline minimum by at least 40 points.

Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months.
Guidelines Representative FICO: 660
Representative FICO: XXXX

Reserves: XXXX
Guideline Requirement: 0.00
Originator,SitusAMC

Originator,SitusAMC
Reviewer Comment (2026-07-29): Waived with compensating factors per lender approved exception.


Buyer Comment (2026-07-29): Please see the attached exception approval.


Reviewer Comment (2026-07-27): Document received is dated XXXX, which is more than 90 days prior to the Note date.  A COGS dated within 90 days of note date is required per guidelines.


Buyer Comment (2026-07-26): Cert of Good Standing


Reviewer Comment (2026-07-23): Provided certificate of good standing is dated XXXX which is more than 90 days from the Note date. Require Certificate of Good Standing within 90 days from the Note. Exception remains.


Buyer Comment (2026-07-21): PFA as requested
    07/29/2026 No 2 C B C B C B C B C B   CA Investment Refinance - Cash-out - Other   C B C B     A A   N/A No
XXXXX 4000138782 XXXXX   XXXXX     Credit Insurance Insurance Analysis Insurance Hazard Insurance Policy expires within 90 days of the Note Date.   Allow per guideline.       Reviewer Comment (2026-07-31): Received renewed hazard policy with expiration date of XXXX. Exception cleared.


Buyer Comment (2026-07-29): Please find attached renewal of insurance policy.
07/31/2026     No 1 B A B A B A B A B A   CA Investment Refinance - Cash-out - Other   B A B A     A A   N/A No