Exhibit 99.2

Selene Diligence LLC (“Selene”) Due Diligence Review Narrative (“Report”)

Selene’s Report, which is to be made available to the recipients by the Client, includes the loan level results of Selene’s independent, third-party due diligence review conducted on behalf of the Client. The scope of review for these loans is as follows:

DESCRIPTION OF SERVICES:

(1) Type of assets that were reviewed.

Selene Diligence LLC performed certain due diligence services described below on residential mortgage loans originated by numerous entities and obtained by Santander (“Client”). The review was conducted between May 2026 and June 2026 via files imaged and provided for review (the “Review”).

(2) Sample size of the assets reviewed.

This Review consisted of 100% of the loan population reviewed by Selene.

FINAL SECURITIZATION POPULATION

Selene was instructed to perform a review on a population totaling 2 Non-QM and 11 ATR-QM exempt loans for a total of 13 loans the “Final Securitization Population”).

Credit Reviews (13):

During the Review, Selene performed a credit review on 13 mortgage loans in the Final Securitization Population.

Compliance Review (13)

During the Review, Selene performed a compliance review, when applicable on 13 mortgage loans in the Final Securitization Population.

Valuation Reviews (13):

During the Review, Selene performed a property valuation review on 13 mortgage loans in the Final Securitization Population.

Data Integrity Review (13):

During the Review, Selene performed a Data Integrity Review on 13 mortgage loans in the Final Securitization Population.

FINAL SECURITIZATION POPULATION

After Selene’s initial review was completed, the Client provided Selene with a confirmed list of 13 mortgage loans that formed the Final Securitization Population. The table below summarizes the reviews conducted by Selene.

Review	Reviewed Total	% of Final Securitization Population
Credit Population	13	100%
Compliance Population	13	100%
Valuation Population	13	100%
Data Integrity Population	13	100%

(3) Determination of the sample size and computation.

The Review was conducted with sample size criteria that has been communicated by the Client to Selene to be consistent with the criteria for the nationally recognized statistical ratings organizations identified in Item 3 of the ABS Due Diligence-15E.s, Fitch Ratings, Inc. (“Fitch”), S&P Global Ratings (“S&P”), DBRS, Inc. (“DBRS”), Moody's Investors Service, Inc. (“Moody’s”), and Kroll Bond Rating Agency (“Kroll”) (the “NRSRO(s)”).

(4) Quality or integrity of information or data about the assets: review and methodology.

Where available, Selene compared the data fields on the bid tape provided by the Client to the data found in the actual loan file as captured by Selene. This information may not have been available for all mortgage loans.

(5) Origination of the assets and conformity to stated underwriting or credit extension guidelines, standards, criteria or other requirements: review and methodology.

Selene assessed the underwriting guidelines and compared the documentation in the loan file against the stated guidelines for adherence.

GUIDELINES

DH Correspondent Purchase Eligibility Guidelines, DH Wholesale Underwriting Guidelines (collectively the “Guidelines”)

LOAN GRADING

The Guidelines referenced above served as the benchmark for grading loans with respect to credit, compliance, underwriting, property valuation and data integrity. Each loan received an “initial” and a “final” grade. The “initial” grade was assigned during the initial loan review. The “final” grade considers additional information and supporting documentation that may have been provided by the originators to clear outstanding conditions. Selene’s loan grading is solely based on Selene’s independent assessment of all Guideline exceptions and compensating factors for each of the component reviews. Selene is providing a comprehensive loan-level analysis that includes initial grades, final grades and detailed commentary on the rationale for any changes in grades and sets forth compensating factors and waivers.

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SCOPE OF REVIEW

Selene examined the selected loan files with respect to the presence or absence of relevant documents, enforceability of mortgage loan documents, and accuracy and completeness of data fields. Selene relied on the accuracy of information contained in loan documentation provided to Selene (for more detail, please refer to Appendix A and B, attached hereto).

CREDIT REVIEW

Selene’s credit scope of review conducted on this transaction included the following elements:

Assessed whether the characteristics of the mortgage loans and the borrowers conformed to the Guidelines cited above;

Re-calculated LTV, CLTV, income, liabilities and compared these against the Guidelines;

Analyzed asset statements to determine whether funds to close and reserves were within the Guidelines;

Confirmed that credit scores (FICO) and credit histories were within the Guidelines.

COMPLIANCE REVIEW

Selene’s compliance scope determined whether the mortgage loans comply with the Federal Truth in Lending Act, the Federal Real Estate Settlement Procedures Act, Sections 1098 and 1100A of Dodd Frank, Sections 1411 and 1412 of the Wall Street Reform and Consumer Protection Act, and the Equal Credit Opportunity Act.

PROPERTY VALUATION REVIEW

Selene’s Property Valuation scope of review conducted on this transaction included the following elements.

Original Appraisal Assessment

Selene reviewed the original appraisal provided to determine whether the original appraisal was complete, thorough and the original appraised value was reasonably supported.

Value Supported Analysis

Selene applied a cascade methodology to determine if the original appraised value was reasonably supported when compared to an independent third-party valuation product provided by the Client.

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DATA INTEGRITY REVIEW

Selene uploads tape data into its due diligence application and compares it to the actual documents provided.

Tape data received from lender/client is stored in a secured FTP folder;

Tape data is uploaded into the application;

Loan Reviewer collects validated loan data;

Each received data point is compared to its counterpart collected data point; and

Discrepancies found during comparison are stored and reported.

Selene provided the Client with a copy of the initial loan level tape discrepancy report which shows the differences between the data received by the Client versus the data captured by Selene during the loan review.

SUMMARY OF FINDINGS & CONCLUSIONS OF REVIEW

The NRSRO criteria referenced for this report and utilized for grading descriptions is based upon the requirements of the NRSROs.

With respect to the Final Securitization Population, Selene conducted (i) a Credit Review on 13 mortgage loans, (ii) a Compliance Review on 13 mortgage loans (iii) a Valuation Review on 13 mortgage loans, and (iv) a Data Integrity Review on 13 mortgage loans; the results of these reviews are discussed below. All grades shown below are based upon the NRSRO grading methodologies utilized by the NRSROs.

REVIEW RESULTS SUMMARY

After review of the 13 mortgage loans; 9 mortgage loans had a rating grade of A, 4 mortgage loans had a rating grade of B, 0 mortgage loans had a rating grade of C, and 0 mortgage loans had a rating grade of D.

Grades per loan (13 overall loans):

	INITIAL RA GRADES - OVERALL		FINAL RA GRADES - OVERALL
NRSRO Grade	S&P	%	NRSRO Grade	S&P	%
A	4	30.77%	A	9	69.23%
B	0	0.00%	B	4	30.77%
C	1	7.69%	C	0	0.00%
D	8	61.54%	D	0	0.00%

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Final Grades per loan broken out by compliance, credit and property:

	FINAL RA GRADES - COMPLIANCE			FINAL RA GRADES - CREDIT
NRSRO Grade	S&P	%	NRSRO Grade	S&P	%
A	13	100.00%	A	10	76.92%
B	0	0.00%	B	3	23.08%
C	0	0.00%	C	0	0.00%
D	0	0.00%	D	0	0.00%


	FINAL RA GRADES - PROPERTY
NRSRO Grade	S&P	%
A	11	84.62%
B	2	15.38%
C	0	0.00%
D	0	0.00%

REVIEW RESULTS SUMMARY (EXCEPTION LISTING)

Review of the Final Grading Summary (redacted) provides the exceptions in detail and the migration from the initial rating agency grade to the final rating agency grade, based on mitigation/resolution from the client.

Disclaimer: Please be advised that Selene did not make a determination as to whether the mortgage loans complied with federal, state or local laws, constitutional provisions, regulations or ordinances that are not expressly enumerated below. There can be no assurance that the Review uncovered all relevant factors relating to the origination of the mortgage loans, their compliance with all applicable laws and regulations and the original appraisals relating to the mortgaged properties or uncovered all relevant factors that could affect the future performance of the mortgage loans. Furthermore, the findings reached by Selene are dependent upon its receiving complete and accurate data regarding the mortgage loans from mortgage loan originators and other third parties upon which Selene is relying in reaching such findings.

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Please be further advised that Selene does not employ personnel who are licensed to practice law in the various jurisdictions, and the findings set forth in the reports prepared by Selene do not constitute legal advice or opinions. They are recommendations or conclusions based on information provided to Selene. Information contained in any Selene report related to the applicable statute of limitations for certain claims may not be accurate or reflect the most recent controlling case law. Further, a particular court in a particular jurisdiction may extend, not enforce or otherwise allow claims beyond the statute of limitations identified in the report based on certain factors, including the facts and circumstances of an individual mortgage loan. Risk levels associated with a loan may have changed an exception level, given rating agency published guidance, written guidance, or other guidance from the rating agency team on the transaction. All final decisions as to whether to purchase or enter into a transaction related to any individual mortgage loan or the mortgage loans in the aggregate, any investment strategy and any legal conclusions, including the potential liability related to the purchase or other transaction involving any such mortgage loan or mortgage loans, shall be made solely by the Client, or other agreed upon party, that has engaged Selene to prepare its reports pursuant to its instructions and Guidelines. The Client, or other agreed upon party, acknowledges and agrees that the scoring models applied by Selene are designed to identify potential risk and the Client, or other agreed upon party, assumes sole responsibility for determining the suitability of the information for its particular use. Selene does not make any representation or warranty as to the value of any mortgage loan or mortgage loans collateral that has been reviewed by Selene.

THIRD PARTY REVIEW REPORTING DELIVERED

Selene furnished the following reports on this transaction:

Selene Due Diligence Narrative Report

ASF Report

Grading Summary

Exception Detail

Tape Discrepancies

Valuations Report

Supplemental Data

Third Party (TPR) Attestation Form

Attestation Form 15E

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APPENDIX A – CREDIT REVIEW SCOPE

Selene reviewed the origination documentation contained in the mortgage loan file to determine conformity to the stated underwriting or credit extension guidelines, standards, criteria or other requirements that are provided to Selene and/or as directed by Client. When applicable, a review of the mortgage loan file to the Automated Underwriting System output within the file was also performed.

Credit Application

For the Credit Application, Selene verified whether:

The application is signed by all listed borrowers;

The application is substantially filled out; and

All known borrower-owned properties are disclosed on the Real Estate Owned section.

Credit Report

Selene verified:

A credit report and/or other credit history documentation is present for each borrower;

Capture the monthly consumer debt payments for use in the debt to income and/or residual income calculation, as applicable;

Note the Real Estate Owned and fraud alerts; and

Gather data required for ASF Report submission which may include:

Most recent FICO Score (scores from Equifax, Experian, and Transunion if available)

Most recent FICO date

Longest Trade Line

Maximum Trade Line

Number of trade lines

Credit Usage Ratio

Employment and Income

Selene determined whether all applicable supporting documentation as required by the guidelines is in the file and note indications of potentially fraudulent documents. The documentation was also be used to verify whether the income used to qualify the loan was calculated in accordance with applicable guidelines. Documentation verifying employment and income may include:

Verbal or Written VOE’s

Pay stubs

W-2 forms

Tax returns

Financial statements

Award letters

Bank statements

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Asset Review

Selene assessed whether the asset documentation required by the guidelines is present in the file. In addition, a review of the reserve calculation was performed. Documentation verifying assets for down payment, closing costs, prepaid items and reserves may include:

VOD’s

Depository account statements

Stock or security account statements

Gift funds

Settlement statement or other evidence of conveyance and transfer of funds if a sale of assets was involved

Hazard/Flood insurance

A review of the insurance present on the loan was also be performed:

Verify that the hazard insurance meets the minimum required amount of coverage in the guidelines;

For condominium properties, confirm that the blanket policy meets the minimum amount of coverage;

Confirm that the flood cert is for the correct borrower, property, lender and loan number and is a “Life of Loan” certification;

For properties is in a flood zone per the flood cert, confirm that flood insurance in the file meets the minimum required amount of coverage and meets guideline requirements;

Confirm that the mortgagee clause lists the lender’s name and “its successors and assigns”; and

Confirm that the premium amount on both the hazard and flood insurance match what was used in the DTI calculations.

Title

Verified whether the appropriate vestee is on the title document: if a purchase, the seller; if a refinance, the borrower and review the Title Commitment for the disclosure issues.

Fraud

To the extent potentially fraudulent activity is identified as part of the document review, such information was reported to Client. In addition, when required, Selene looked for an independent, third party fraud report in each file and will review the results of the fraud report in conjunction with source documents found in the file to assess the likelihood of any misrepresentations associated with the origination of the loan. If the loan does not contain a fraud report and the counterparty cannot produce one, Selene conditioned the loan for the missing product.

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On this Fraud report Selene:

Reviewed for any name variations for the borrowers and confirm that the variations have been addressed in the loan file;

Reviewed for any social security number variations for the borrowers and confirm that the variations have been addressed in the loan file;

Reviewed for any potential occupancy issues based on the borrowers’ address history and confirm that any issues have been addressed in the loan file;

Reviewed for any employment issues and confirm that any issues have been addressed in the loan file;

Reviewed for any additional consumers associated with the borrowers’ profiles and confirm the materiality and material issues have been addressed in the loan file; and

Addressed all red flag issues.

Additional Review

Selene’s review procedures also included:

A review of the completeness and accuracy of the information obtained in the mortgage origination process;

A review of closing documents to ensure that the mortgage file information is complete, accurate, and consistent with other documents in the mortgage file;

Selene will review the mortgage file documents to determine that the mortgage was properly underwritten;

Verification that the DTI, LTV, asset reserves, property type, transaction type (maximum loan amount, loan purpose, occupancy, etc.), and FICO scores meet or exceed the guideline requirements;

Verification that all borrowers are eligible based on the guidelines and information in the loan file; and

Verify there is appropriate documentation present to confirm that applicable documents have been recorded or have been sent for recording.

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APPENDIX B – COMPLIANCE REVIEW SCOPE

Selene reviewed the Non-QM loans to determine, as applicable, to the extent possible and/or applicable and subject to the caveats below, whether the loan complies with:

Federal Truth in Lending Act (“TILA”), as implemented by Regulation Z, 12 C.F.R. Part 1026, as set forth below:

Rescission (§1026.23):

	i)	failure to provide the right of rescission notice;
	ii)	failure to provide the right of rescission notice in a timely manner and to the correct consumer(s);
	iii)	errors in the right of rescission notice;
	iv)	failure to provide the correct form of right of rescission notice;
	v)	failure to provide the three (3) business day rescission period;
	vi)	any material disclosure violation on a rescindable mortgage loan that gives rise to the right of rescission under TILA, which means the required disclosures of the annual percentage rate, the finance charge, the amount financed, the total of payments, the payment schedule, the HOEPA disclosures, or those related to prepayment penalties on covered transactions; and
	vii)	with respect to applicable exception remediation measures, confirm that a letter of explanation, a refund if applicable, new corrected material disclosures and a new notice of right to cancel was provided.

TIL Disclosure (§§1026.17, 18 and 19) as applicable for loans with application dates prior to October 3, 2015:

	i)	review and comparison of the initial and final TIL disclosures, and any re-disclosed TIL(s);
	ii)	proper execution by all required parties;
	iii)	principal and interest calculations, and proper completion of the interest rate and payment summary; and
	iv)	timing of initial and re-disclosed TIL(s).

Tolerances (§§1026.18, 22 and 23):

	i)	inaccurate Annual Percentage Rate (APR) outside of applicable tolerance by comparing disclosed APR to re-calculated APR; and
	ii)	inaccurate Finance Charge outside of applicable tolerance by comparing disclosed Finance Charge to re-calculated Finance Charge.

High-cost Mortgage (§§1026.31, 32 and 33):

	i)	points and fees threshold test;
	ii)	APR threshold test;
	iii)	prepayment penalty test; and
	iv)	compliance with the disclosure requirements, limitation on terms and prohibited acts or practices in connection with a high-cost mortgage.

Higher-priced Mortgage Loan (§1026.35):

	i)	APR threshold test; and
	ii)	compliance with the escrow account and appraisal requirements.

With respect to brokered mortgage loans, the Prohibitions and Restrictions related to Loan Originator Compensation and Steering (§1026.36):

review relevant documentation to determine if compensation to a Loan Originator was based on a term of the transaction;

	ii)	review relevant document to determine if there was dual compensation; and
	iii)	review the presence of the mortgage loan option disclosure and to determine if the Steering Safe Harbor provisions were satisfied.

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Homeownership counseling (§1026.36):

determine if the creditor obtained proof of homeownership counseling in connection with a mortgage loan to a first-time homebuyer that contains a negative amortization feature.

Prohibition on Financing Credit Insurance (§1026.36):

determine if the creditor financed, directly or indirectly, any premiums or fees for credit insurance.

Nationwide Mortgage Licensing System (NMLS) & Registry ID on Loan Documents (§1026.36):

review for presence of mortgage loan originator organization and individual mortgage loan originator name and NMLSR ID, as applicable, on the credit application, note or mortgage loan contract, security instrument, Loan Estimate and Closing Disclosure; and (ii) verify the data against the NMLSR database, as available.

Sections 1098 and 1100A of Dodd-Frank amending TILA and RESPA, as implemented by Regulation Z, 12 C.F.R. Part 1026, as set forth below (applicable only for mortgage loans with application dates on or after October 3, 2015):

a)	Loan Estimate (LE) (§§1026.19 and 13):

	i)	confirm the presence of LE for applications on or after October 3, 2015;
	ii)	confirm the initial LE date indicates it was delivered or placed in the mail within three (3) business days of application;
	iii)	confirm that certain sections of each LE determined to carry assignee liability were completed and that information was reflected in the appropriate locations, which was based solely on the information disclosed on the LE;
	iv)	confirm the initial LE was delivered or placed in the mail not later than seven (7) business days prior to consummation of the transaction, or such period was waived due to a bona fide financial emergency;
	v)	confirm that each revised LE is accompanied by valid written documentation explaining the reason for re-disclosure to allow for fee increases based on a valid change of circumstance and was timely provided within 3 business days of issuance;
	vi)	confirm borrower received LE not later than four (4) business days prior to consummation; and
	vii)	confirm LE was not provided to the borrower on or after the date of the CD.

Closing Disclosure (CD) (§§1026.19 and 38):

	i)	confirm the presence of CD for applications on or after October 3, 2015;
	ii)	confirm the borrower received CD at least three (3) business days prior to consummation, or that such period was waived due to a bona fide financial emergency;
	iii)	confirm that certain sections of each CD determined to carry assignee liability were accurately completed and that information was reflected in the appropriate locations, which, in certain instances, was based solely on the information disclosed on the CD;
	iv)	confirm that a revised CD was received in a timely manner if the initial or any revised CD became inaccurate;
	v)	identify tolerance violations based on the charges disclosed on the initial and interim LE’s, initial CD, and reflected on the final CD; and

vi)

with respect to tolerance violations based on the disclosed charges on the LE and CD and other applicable exceptions, confirm that the creditor cured or remediated the violations in accordance with the Structured Finance Association TRID 3.0, as may be updated from time to time.

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Sections 1411 and 1412 of the Dodd-Frank Wall Street Reform and Consumer Protection Act amending TILA, as implemented by Regulation Z, 12 C.F.R. 1026.43, as set forth below:

the general Ability to Repay (“ATR”) underwriting standards (12 C.F.R. 1026.43(c));

refinancing of non-standard mortgages (12 C.F.R. 1026.43(d)); and

Balloon-payment qualified mortgages made by certain creditors (12 C.F.R. 1026.43(f)).

General Ability to Repay

Selene reviews the mortgage loan to determine whether, based on available information in the mortgage loan file, the creditor considered, as applicable, the following eight underwriting factors, and verified such information using reasonably reliable third-party records, at or before consummation: (i) the consumer's current or reasonably expected income or assets, (ii) if the creditor relied on income from the consumer's employment in determining repayment ability (the consumer's current employment status); (iii) the consumer's monthly payment; (iv) the consumer's monthly payment on any simultaneous loan that the creditor knows or has reason to know will be made; (v) the consumer's monthly payment for mortgage-related obligations; (vi) the consumer's current debt obligations, alimony, and child support; (vii) the consumer's monthly debt-to-income ratio or residual income; and (viii) the consumer's credit history. This portion of the Review also focuses on full recalculation of income and debts, as well as the documentation provided to support each item used in originator’s determination of the ability to repay.

Selene reviews mortgage loans to determine their conformity with the ATR/QM factors above, and is not rendering an independent assessment or opinion, warranting or representing that a mortgage loan will be deemed to conform to Safe Harbor, Rebuttable Presumption, ATR or other status based on any additional or revised factors that may be considered by legislative, regulatory, administrative or judicial authorities (“Authorities”). Selene does not represent or warrant that the factors for which it is reviewing the mortgage loans constitute all of the factors and/or criteria that Authorities may consider in determining the status of a mortgage loan. Selene’s review is based on information contained in the mortgage loan file at the time it is provided to Selene to review, and only reflects information as of that point in time.

The disclosure requirements and prohibitions of Section 50(a)(6), Article XVI of the Texas Constitution.

Federal and state specific high-cost provisions, as further enumerated in Schedule 1, attached hereto.

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SCHEDULE I

Selene tests perform compliance checks by state license types for interest rate, late fees, grace periods, high cost, higher priced, anti-predatory lending and prepayment term requirements. Restrictive Fees test assess qualifiable mortgage loan fee restrictions under state/municipalities laws and regulations.

(Below are state regulations which test specifically for high cost, higher priced, and anti-predatory lending.)

AL Consumer Credit License- Mortgage Broker License

AK Small Loan Act-Mortgage Broker/Lender License-Mortgage Lending Regulation License Registered Depository Institution Registration

AR Home Loan Protection Act

AZ Mortgage Banker & Broker License-Consumer Lender License

CA AB 489/344 (Division 1.6 of the Financial Code)

CO Consumer Equity Protection Article

CO Consumer Credit Code

DE Licensed Lender License Broker License Lender License

Washington, DC Home Loan Protection Act of 2002

10.

Washington, DC Mortgage Disclosure Act of 2007

11.

FL Fair Lending Act

12.

GA Fair Lending Act (pre- and post-amendments)

13.

HW Financial Services Loan Company License -Mortgage Broker and Solicitor License- Foreign Lender License - Mortgage Loan Originator Company License

14.

ID Residential Mortgage Practices Act - (Home Loan Practices article)

15.

IN Home Loan Practices Article

16.

IA Mortgage Banker License Regulated Loan License - Industrial Loan License - Mortgage Banker Registrant- Mortgage Broker License- Master Loan Company Registration Nonprofit Mortgage Banker Registrant

17.

KS Consumer Credit Code - Kansas Supervised Lenders License- - Consumer credit code 16-207

18.

LA Residential Mortgage Lending License - Consumer Loan License- Licensed Lender License

19.

MA Mortgage Lender and Broker Regulations

20.

MD Commercial Law amended by Maryland Senate Bill 270

21.

Maryland Regulations under the Maryland Mortgage Lender Law HB 649 - 363amendments, and COMAR

22.

MI Consumer Mortgage Protection Act

23.

MN Mortgage Originator and Servicer Licensing Act

24.

MS Residential Mortgage Company License - Mortgage Lender License - Mortgage Broker Licen

25.

MO Mortgage Company License

26.

MT - Consumer Loan License - Residential Mortgage Lender License-Mortgage Broker License Mortgage Lender License

27.

NC Rate Spread Home Loan Provisions (original 2008 provisions and 2009,2013 amendments)

28.

ND Money Broker License

29.

NE Mortgage Bankers Registration and Licensing Act

30.

NH First Mortgage Banker License – Second Mortgage Home Loan – Mortgage Banker License – Mortgage Broker License

31.

NJ Home Ownership Security Act 2002 (pre- and post-amendments)

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32.

NM Home Loan Protection Act (pre- and post-amendments)

33.

OH Consumer Sales Practices Act

34.

Cleveland Heights, OH Ordinance Prohibiting Predatory Loans

35.

Summit County, OH Consumer Affairs Board Ordinance

36.

Summit County, OH Consumer Protection Ordinance

37.

OK Home Ownership and Equity Protection Act (original provisions & 2009 higher-priced amendments)

38.

OR Consumer Finance License – Consumer Finance Registration – Mortgage Lender License

39.

PA Consumer Equity Protection Act

40.

RI Home Loan Protection Act and Regulation 3

41.

SD Mortgage Lender License – Mortgage Broker License

42.

TN Home Loan Protection Act

43.

UT Residential Mortgage Practices and Licensing Act

44.

VA Mortgage Lender and Broker Act

45.

WA House Bill 2770, Mortgage Lending and Homeownership, Chapter 108, Laws of 2008 – Consumer Loan Company License – Mortgage Broker License

46.

WV Residential Mortgage Lender, Broker and Servicer Act

47.

WY Consumer Credit Code – Registered Consumer Loan Lender – Mortgage Lender Broker License

The following state specific regulations which address high cost, higher priced and anti-predatory lending.

48.

CA AB 260 (Division 1.9 of the Financial Code) higher-priced mortgage loan provisions - Anti-Predatory Lending Statute - Amendment

49.

CT Abusive Home Lending Practices Act

50.

CT Nonprime Home Loans Statute

51.

IL Office of Banks and Real Estate High Risk Home Loan Regulations

52.

IL High Risk Home Loan ActL Predatory Lending Database Program

53.

Chicago, IL Predatory Lending Ordinance

54.

Cook County, IL Predatory Lending Ordinance

55.

KY Predatory Lending and High Cost Home Loan Act (pre- and post-amendments)

56.

ME Title 9-A Residential Mortgage Loan, High-Rate, High-Fee Provisions, High Cost, Subprime, Rate Spread Home Loan, and Higher-Priced Mortgage Loan Provisions (original 2003 provisions and 2008, 2009, 2011 & 2013 amendments)

57.

MA High Cost Home Loan Regulations (pre- and post-amendments) - MA Predatory Home Loan Practices Act - MA 209 CMR 32.35 Higher-Priced Mortgage Loan Provisions - MA “Borrower’s Interest” Standard

58.

Maryland Regulations for Higher Priced Mortgage Loans, as promulgated under the Maryland Mortgage Lender Law

59.

NC Restrictions and Limitations of Home Loans and High-Cost Home Loans

60.

NV Unfair Lending Practices Act – Anti Predatory Lending Law

61.

NY GRBB Part 41 (pre- and post-amendments)

62.

NY Banking Law 6-L

63.

NY Banking Law 6-M

64.

OH Anti - Predatory Lending Act (pre- and post-amendments)

65.

Cleveland Heights, OH Ordinance Prohibiting Predatory Loans

66.

RI Providence Ordinance Regarding Predatory Lending (post-amendment)

67.

SC High-Cost and Consumer Home Loan Act (original provisions & 2010 ARM amendments)

68.

TX Home Loan and High Cost Home Loan Act

69.

UT High Cost Home Loan Act

70.

VT High Rate Loans

71.

VI VA SB 797 Hight Risk Mortgage – Mortgage Broker License

72.

WI Responsible High Cost Mortgage Lending Act

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APPENDIX C – VALUATION REVIEW SCOPE

Selene reviewed the valuation materials utilized during the origination of the loan which confirmed the value of the underlying property. Selene verified the appraisal report was (i) on the appropriate GSE form, (ii) materially complete, (iii) in conformity with the guideline requirements for the property type in question, (iv) completed by an appraiser that was actively licensed to perform the valuation, (v) completed such that the named client on the appraisal report is the lender or a related entity that is permitted to engage the lender per Title XI of FIRREA, (vi) made and signed prior to the final approval of the mortgage loan application, (vii) completed and dated within the guidelines restrictions, (vii) made on an “as is” basis or provides satisfactory evidence of completion of all material conditions including all inspections, licenses, and certificates (including certificates of occupancy) to be made or issued with respect to all occupied portions of the mortgaged property and with respect to the use and occupancy of the same, have been made or obtained from the appropriate authorities; and (viii) noting whether the property zip code was declared a FEMA disaster area after the valuation date and notifying the Client of same.

If more than one valuation is provided for review, Selene confirmed consistency among the valuation products and if there are discrepancies that cannot be resolved, Selene created an exception and worked with the Client on the next steps, which may include ordering of additional valuation products such as collateral desktop analyses, broker’s price opinions, and full appraisals. If the property valuation products included in Selene’s review results in a variance of more than 10% then the Client shall be notified of such variance and a second independent valuation product shall be ordered. On all loans, Selene makes a determination as to whether appraised value is supported based on documentation available at the time of review and adds exceptions or comments as appropriate.

Selene confirmed consistency among the valuation products and where applicable, if there was a discrepancy in value between two appraisals in the form of a variance greater than 10%, Selene would review the file for a desktop analysts/evaluation of the appraisals and determine which appraised value was used for qualification purposes. If there were discrepancies that could not be resolved, Selene created an exception and worked with the client on the next steps for resolution.

Disclaimer

The individuals performing the aforementioned original appraisal assessment are not persons providing valuations for purposes of the Uniform Standards of Professional Appraisal Practice (“USPAP”) or necessarily licensed as appraisers under Federal or State law, and the services being performed by such persons do not constitute “appraisal reviews” for purposes of USPAP or Federal or State law.

Selene makes no representation or warranty as to the value of any mortgaged property, notwithstanding that Selene may have reviewed valuation information for reasonableness.

Selene is not an ‘AMC’ (appraisal management company) and therefore Selene does not opine on the actual value of the underlying property.

Selene is not a ‘creditor’ within the meaning of ECOA or other lending laws and regulations, and therefore Selene will not have any communication with or responsibility to any individual consumer concerning property valuation.

Selene does not confirm whether the appraiser is on the Freddie Mac exclusionary list.

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LOAN INFORMATION

INITIAL CREDIT LOAN GRADES

INITIAL COMPLIANCE LOAN GRADES

INITIAL PROPERTY LOAN GRADES

INITIAL OVERALL LOAN GRADES

FINAL CREDIT LOAN GRADES

FINAL COMPLIANCE LOAN GRADES

FINAL PROPERTY LOAN GRADES

FINAL OVERALL LOAN GRADES

Loan ID

Seller Loan ID

Investor Loan ID

Original Loan Amount

DBRS/Morningstar

Fitch

Kroll

S&P

Moodys

DBRS/Morningstar

Fitch

Kroll

S&P

Moodys

DBRS/Morningstar

Fitch

Kroll

S&P

Moodys

DBRS/Morningstar

Fitch

Kroll

S&P

Moodys

DBRS/Morningstar

Fitch

Kroll

S&P

Moodys

DBRS/Morningstar

Fitch

Kroll

S&P

Moodys

DBRS/Morningstar

Fitch

Kroll

S&P

Moodys

DBRS/Morningstar

Fitch

Kroll

S&P

Moodys

xxxxxx2401

XXXX

xxxxxx2726

XXXX

xxxxxx2536

XXXX

xxxxxx0576

XXXX

xxxxxx1680

XXXX

xxxxxx2517

XXXX

xxxxxx4166

XXXX

xxxxxx4661

XXXX

xxxxxx2306

XXXX

xxxxxx3434

XXXX

xxxxxx2314

XXXX

xxxxxx5472

XXXX

xxxxxx4953

XXXX

Seller

Loan ID

Seller Loan ID

Investor Loan ID

Queue

Created Date

Last Modified Date

Finding Status

Event Level

Initial Finding Grade

Current/Final Finding Grade

Finding Category

Finding Sub Category

Finding Name

Reviewer Comments

Seller Comments

Finding Resolution

Finding Document

Reviewer Comp Factors

Originator Comp Factors

State

Occupancy

Loan Purpose

Refinance Purpose

Unique Finding ID

Acknowledged / Waived By

Waiver in File?

XXXX

xxxxxx2401

XXXX

Closed

2026-05-15 10:58

2026-06-02 14:46

Resolved

1 - Information

Credit

Eligibility

Fraud Report Shows Uncleared Alerts

Resolved-Processor / Underwriter Cert for fraud alerts. - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. attached - Buyer-XX/XX/XXXX
Open-Fraud Report Shows Uncleared Alerts Missing a fraud report / LOX with cleared alerts - Due Diligence Vendor-XX/XX/XXXX

Resolved-Processor / Underwriter Cert for fraud alerts. - Due Diligence Vendor-XX/XX/XXXX

XXXXXX_XXXXX_XXXXXX_XXX.XXX

Investment

Purchase

9219631

N/A

XXXX

xxxxxx2401

XXXX

Closed

2026-05-15 10:48

2026-06-02 14:45

Resolved

1 - Information

Credit

Missing Doc

Missing VOM or VOR

Resolved-VOR received to complete payment history.  - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. attached  - Buyer-XX/XX/XXXX
Open-VOR/VOM Doc Status should not be 'Missing'. Missing a VOR for X,XXX per month for the Borrowers primary residence to meet payment history XX.  - Due Diligence Vendor-XX/XX/XXXX

Resolved-VOR received to complete payment history. - Due Diligence Vendor-XX/XX/XXXX

XXXXXX_XXX.XXX

Investment

Purchase

9219477

N/A

XXXX

xxxxxx2726

XXXX

Closed

2026-05-22 10:37

2026-06-03 10:49

Resolved

1 - Information

Credit

Assets

Cash Out Does Not Meet Guideline Requirements

Resolved-Received photos prior to renovations - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. Got with one of our UW managers and she said the XXX listing uploaded should clear the condition. - Buyer-XX/XX/XXXX
Open-Cash Out is not completed according to the guideline requirements Missing a copy of the appraisal/ photos from the purchase in XX/XXXX in order to meet less than X months cash out seasoning (Current appraisal will be used to reflect the improvements) See residential Transitional Loan requirements.  - Due Diligence Vendor-XX/XX/XXXX

Resolved-Received photos prior to renovations - Due Diligence Vendor-XX/XX/XXXX

XXXXXXXXXX_XXXXXXXX XXX XXXXXXX XXXX X-XXXX XXXXXXXX.XXX

Investment

Refinance

Cash Out - Other

9347497

N/A

XXXX

xxxxxx2536

XXXX

Closed

2026-05-27 10:45

2026-07-22 10:56

Resolved

1 - Information

Property

Missing Doc

Second Appraisal/ Valuation is Missing

Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-XX/XX/XXXX
Resolved-Received XXXX Collateral Underwriter/XXXXX Loan Collateral Advisor Review with a score of X.X - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. see attached, Corr XXX Guidelines XX.XX.XXXX pg XX of XX All transactions require either an XXX from an acceptable provider, Clear
Capital XXX (or like product), field review, or XXXX Collateral
Underwriter/XXXXX Loan Collateral Advisor Review with a score of X.X or less
- Seller-XX/XX/XXXX
Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and XX Score, if present, is greater than X.X Missing the required Clear Capital XXX - XXX is required on every XXXX XXX - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded. see attached, Corr XXX Guidelines XX.XX.XXXX pg XX of XX All transactions require either an XXX from an acceptable provider, Clear
Capital XXX (or like product), field review, or XXXX Collateral
Underwriter/XXXXX Loan Collateral Advisor Review with a score of X.X or less
- Seller-XX/XX/XXXX

XXXX XXX X.X.XXX
XXXXXXXXXX XXXXXXX XXXXXX.XXX

Investment

Refinance

Cash Out - Other

9397882

N/A

XXXX

xxxxxx2536

XXXX

Closed

2026-05-27 10:48

2026-06-12 10:51

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved- - Due Diligence Vendor-XX/XX/XXXX
Counter-Per page XX of the XXX XX guidelines dated X/X/XXXX*Evidence of Insurance must provide the following information:  * Names of borrowers reflect the same as the names on the note (this loan closed as Individuals being XXXX and XXXXXXX and XXXXXXX is missing from the hazard policy)
- Due Diligence Vendor-XX/XX/XXXX
Ready for Review-LLC is liste don the policy, XXXXs is on the LLC, please rescind.  - Seller-XX/XX/XXXX
Open-Hazard Insurance Policy Partially Provided The hazard insurance policy is missing the XXXXXXX the Xnd Borrower - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-LLC is liste don the policy, mirandas is on the LLC, please rescind. - Seller-XX/XX/XXXX

XXXXXX XXXXXX XX XXXXXX - XXXX-XX-XXXXXXXXX.XXX.XXX
XXXXXXXXX XX XXXXX XXXXXX (XX).XXX

Investment

Refinance

Cash Out - Other

9397938

N/A

XXXX

xxxxxx2536

XXXX

Closed

2026-05-27 10:52

2026-06-04 09:00

Resolved

1 - Information

Credit

Title

Satisfactory Chain of Title not Provided

Resolved-Received the chain of title - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Received the chain of title - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. attached  - Seller-XX/XX/XXXX
Open-Unsatisfactory Chain of Title provided Missing   Chain of Title , as the one received is for  XXXXX Xwy XX, XXXXXXXX, XX XXXXX - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded. attached - Seller-XX/XX/XXXX

Resolved-Received the chain of title - Due Diligence Vendor-XX/XX/XXXX

XXXXX XX XXXXX (XX).XXX

Investment

Refinance

Cash Out - Other

9398024

N/A

XXXX

xxxxxx2536

XXXX

Closed

2026-05-27 02:46

2026-06-01 23:55

Waived

2 - Non-Material

Credit

Eligibility

Audited Loan Amount is less than Guideline Minimum Loan Amount

Waived-Exception Approved - Due Diligence Vendor-XX/XX/XXXX
Unable to Resolve-Unable to Resolve-Unable to Resolve-XX agrees with exception approved in the file. - Seller-XX/XX/XXXX
Open-Audited Loan Amount of $XXXXX is less than the Guideline Minimum Loan Amount of $XXXXXX Exception review - approved for loan amount of $XX,XXX (vs. XXXK min)

Exception letter on page #XXX - Due Diligence Vendor-XX/XX/XXXX

Unable to Resolve-Unable to Resolve-Unable to Resolve-XX agrees with exception approved in the file. - Seller-XX/XX/XXXX

Waived-Exception Approved - Due Diligence Vendor-XX/XX/XXXX

XX% LTV is below the maximum XX% LTV by XX%.
$XX,XXX reserves exceed the minimum required of $X,XXX exceeds the minimum by XX months over the required minimum.
XXXX ratio of X.XXX exceeds the minimum requirement of X by X.XXX points.

Investment

Refinance

Cash Out - Other

9387949

Investor Post-Close

XXXX

xxxxxx2536

XXXX

Closed

2026-05-27 03:54

2026-06-01 23:55

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Exception Approved
- Due Diligence Vendor-XX/XX/XXXX
Unable to Resolve-Unable to Resolve-Unable to Resolve-XX agrees with exception approved in file - Seller-XX/XX/XXXX
Open-Exception review - approved to allow rental comps over X miles from subject.

Exception on page #XXX - Due Diligence Vendor-XX/XX/XXXX

Unable to Resolve-Unable to Resolve-Unable to Resolve-XX agrees with exception approved in file - Seller-XX/XX/XXXX

Waived-Exception Approved
- Due Diligence Vendor-XX/XX/XXXX

Investment

Refinance

Cash Out - Other

9388435

Investor Post-Close

XXXX

xxxxxx0576

XXXX

Closed

2026-05-28 08:10

2026-06-12 07:27

Resolved

1 - Information

Compliance

Missing Doc

Undiscounted Rate is Missing

Resolved-Received undiscounted rate documents. Resolved.  - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded.  - Buyer-XX/XX/XXXX
Counter-Per management we can no longer accept just the compliance report that was run by investor, we must have a copy of the Rate Sheet or Discount Point Disclosure - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. undiscounted rate on this XX - Buyer-XX/XX/XXXX
Open-Discount points present in final XX but Undiscounted Rate is Missing in loan file. - Due Diligence Vendor-XX/XX/XXXX

Resolved-Received undiscounted rate documents. Resolved. - Due Diligence Vendor-XX/XX/XXXX

XX.XXX
XXXXXX_XXXXXXX_XX_XXXXX.XXX

Primary Residence

Purchase

9418618

N/A

XXXX

xxxxxx0576

XXXX

Closed

2026-05-28 06:47

2026-06-01 23:59

Waived

2 - Non-Material

Property

Appraisal

Property/Appraisal General

Waived-Exception Approved - Due Diligence Vendor-XX/XX/XXXX
Unable to Resolve-Unable to Resolve-Xx agrees with this exception  - Buyer-XX/XX/XXXX
Open-Exception provided on page no; XXX
Exception review - approved to allow Ag zoning for suburban larger lot home in XXX%
residential area. No indication of true agriculture.  - Due Diligence Vendor-XX/XX/XXXX

Waived-Exception Approved - Due Diligence Vendor-XX/XX/XXXX

XX.XX% XXX is below the maximum XX% XXX by XX.XX%.
Borrower has $XX,XXX residual income after all expenses. Minimum required per guideline is $X,XXX.

Primary Residence

Purchase

9417289

Investor Post-Close

XXXX

xxxxxx2517

XXXX

Closed

2026-06-03 01:40

2026-06-16 20:27

Waived

2 - Non-Material

Credit

Eligibility

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

Waived-Exception Approved - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. Please see UW exception approval and rescind finding, thank you. - Seller-XX/XX/XXXX
Open-Audited Reserves of  month(s) are less than Guideline Required Reserves of X month(s) Assets missing from loan file to confirm reserves.  - Due Diligence Vendor-XX/XX/XXXX
Open- - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded. Please see UW exception approval and rescind finding, thank you. - Seller-XX/XX/XXXX

Waived-Exception Approved - Due Diligence Vendor-XX/XX/XXXX

XXXXXXXX XXXXXXXXX XXX XXXXXXXX.XXX

XXX Representative credit score exceeds the minimum required of XXX by XX points
XxXX mortgage history for XX months.

Investment

Refinance

No Cash Out - Borrower Initiated

9520487

Originator Post-Close

Yes

XXXX

xxxxxx2517

XXXX

Closed

2026-06-03 00:55

2026-06-10 09:15

Resolved

1 - Information

Credit

Missing Doc

Guaranty Agreement Doc Locator is Missing or Partial

Resolved-Requested guaranty agreement provided, updated & condition resolved. - Due Diligence Vendor-XX/XX/XXXX
Resolved-Validation Resolved' - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. Please see signed Guaranty and rescind finding, thank you. - Seller-XX/XX/XXXX
Open-Guaranty Agreement Doc is Missing or Partial Provide signed Guaranty Agreement - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded. Please see signed Guaranty and rescind finding, thank you. - Seller-XX/XX/XXXX

Resolved-Requested guaranty agreement provided, updated & condition resolved. - Due Diligence Vendor-XX/XX/XXXX
Resolved-Validation Resolved' - Due Diligence Vendor-XX/XX/XXXX

XXXXXXXX.XXX

Investment

Refinance

No Cash Out - Borrower Initiated

9520236

N/A

XXXX

xxxxxx2517

XXXX

Closed

2026-06-03 14:32

2026-06-10 09:15

Resolved

1 - Information

Credit

Eligibility

Business Entity Formation Doc Missing

Resolved-Validation Resolved' - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. Please see Certificate of Good Standing dated X/XX/XX and rescind finding, thank you. - Seller-XX/XX/XXXX
Open-Entity Formation Doc Indicator is Missing. Please provide Articles of Incorporation or comparable documents. - Due Diligence Vendor-XX/XX/XXXX
Open-Entity Formation Doc Indicator is Missing. Please provide Certificate of Good Standing valid XX days prior to closing (certificate in the loan file expired X/XX/XX and loan closed on X/XX/XX) - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded. Please see Certificate of Good Standing dated X/XX/XX and rescind finding, thank you. - Seller-XX/XX/XXXX

Resolved-Validation Resolved' - Due Diligence Vendor-XX/XX/XXXX

XXXX XX.XX.XX XXXXXXX XXXX XXXXXXXXXX XXX (XX).XXX

Investment

Refinance

No Cash Out - Borrower Initiated

9539105

N/A

XXXX

xxxxxx2517

XXXX

Closed

2026-06-03 02:05

2026-06-09 08:43

Resolved

1 - Information

Compliance

Missing Doc

TRID: Missing Closing Disclosure

Resolved-TRID: Final Closing Disclosure Provided - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. Please see signed Final CD and rescind finding, thank you. - Buyer-XX/XX/XXXX
Open-TRID: Missing Final Closing Disclosure Final CD in loan file is not executed - Due Diligence Vendor-XX/XX/XXXX

Resolved-TRID: Final Closing Disclosure Provided - Due Diligence Vendor-XX/XX/XXXX

XXXXX XX.XXX

Investment

Refinance

No Cash Out - Borrower Initiated

9520667

N/A

XXXX

xxxxxx2517

XXXX

Closed

2026-06-03 14:04

2026-06-09 08:40

Resolved

1 - Information

Compliance

Closing

The Deed of Trust is Not Executed

Resolved-The Deed of Trust is Executed - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. Please see signed fully executed Deed of Trust and rescind finding, thank you. - Seller-XX/XX/XXXX
Open-The Deed of Trust is Not Executed - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded. Please see signed fully executed Deed of Trust and rescind finding, thank you. - Seller-XX/XX/XXXX

Resolved-The Deed of Trust is Executed - Due Diligence Vendor-XX/XX/XXXX

XXXXXX XXXXXXXX _ XXXX XX XXXXX.XXX

Investment

Refinance

No Cash Out - Borrower Initiated

9538509

N/A

XXXX

xxxxxx2517

XXXX

Closed

2026-06-03 13:40

2026-06-09 08:39

Resolved

1 - Information

Compliance

Closing

The Note is Not Executed

Resolved-The Note is Executed - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. Please see signed Note and rescind finding, thank you. - Buyer-XX/XX/XXXX
Open-The Note is Not Executed - Due Diligence Vendor-XX/XX/XXXX

Resolved-The Note is Executed - Due Diligence Vendor-XX/XX/XXXX

XXXXXX XXXX.XXX

Investment

Refinance

No Cash Out - Borrower Initiated

9537885

N/A

XXXX

xxxxxx2517

XXXX

Closed

2026-06-03 00:22

2026-06-09 01:15

Resolved

1 - Information

Credit

Missing Doc

Business Purpose Affidavit is Missing

Resolved-Requested final signed business purpose occupancy affidavit provided, updated & condition resolved. - Due Diligence Vendor-XX/XX/XXXX
Resolved-The Business Purpose Affidavit is present or Not Applicable (XXXX Page Loan Type is XXXX.) - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. Please see signed Business Purpose and Occupancy Affidavit and rescind finding, thank you. - Seller-XX/XX/XXXX
Open-The XXXX Page Loan Type is 'XXXX' but the Business Purpose Affidavit Disclosure Indicator on the XXXX is 'Missing', and on the Business Purpose VX Page is 'Missing'.  Business Purpose Affidavit is required for a XXXX loan. Provide an executed Final Business Purpose and Occupancy Affidavit Disclosure. Initial Business Purpose and Occupancy Affidavit Disclosure dated X/XX/XX in file and closing date was X/XX/XX. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded. Please see signed Business Purpose and Occupancy Affidavit and rescind finding, thank you. - Seller-XX/XX/XXXX

XXXXXXXX XXXXXXX XXX XXXXXXXXX XXXXXXXXX.XXX

Investment

Refinance

No Cash Out - Borrower Initiated

9519905

N/A

XXXX

xxxxxx4166

XXXX

Closed

2026-06-04 18:19

2026-06-29 16:55

Waived

2 - Non-Material

Credit

Eligibility

Loan does not conform to program guidelines

Waived-XX provided an Approved Exception for FTHB in Findings: XXXXXXXXX XXXXXXXXX. Waived.  - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. XX agrees to waive please see exception, thank you. - Buyer-XX/XX/XXXX
Open-Loan does not conform to program guidelines Per GL Matrix for Eligible Borrowers: “First-Time Home buyers not allowed. First-Time Investor: Min DSCR X.XXx, Min FICO XXX, Long-Term Rental Only”. No evidence was provided to support that the borrower is not a First-Time Home buyer.  - Due Diligence Vendor-XX/XX/XXXX

Waived-XX provided an Approved Exception for FTHB in Findings: XXXXXXXXX XXXXXXXXX. Waived. - Due Diligence Vendor-XX/XX/XXXX

XXXXXXXXX XXXXXXXX.XXX

Compensating Factors:
XXX Representative credit score exceeds the minimum required of XXX by XX points.
DSCR ratio of X.XX exceeds the minimum requirement of X by X.XX points.

Investment

Purchase

9568259

Investor Post-Close

XXXX

xxxxxx4166

XXXX

Closed

2026-06-04 17:50

2026-06-29 16:43

Resolved

1 - Information

Credit

Missing Doc

Evidence of Property Tax Missing

Resolved-Client confirmed that the tax amount of $XXX.XX/month is correct and provided an updated XXXX and XXXX. Resolved.  - Due Diligence Vendor-XX/XX/XXXX
Resolved-Evidence of Property Tax is present - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. The monthly property tax has been updated to $XXX.XX per the County Tax records. The updated URLA and XXXX reflecting the lower tax amount have been provided. Our servicing department will adjust the escrow account accordingly. Please clear this finding as presented. Thank you. - Buyer-XX/XX/XXXX
Open-Missing Evidence of Property Tax Taxes verified on the Tax Certification Sheet, p XXXX, and the CTI, p XXXX, reflect a bi-annual amount of $XXX.XX which equates to $XXX.XX/month; however, the Final CD and First Payment Letter reflect taxes of $XXX.XX/month. The tax verification supporting the tax figure of $XXX.XX is missing.  - Due Diligence Vendor-XX/XX/XXXX

XXXX.XXX
XXXX.XXX

Investment

Purchase

9567736

N/A

XXXX

xxxxxx4661

XXXX

Closed

2026-06-03 11:41

2026-06-17 17:02

Resolved

1 - Information

Credit

Missing Doc

Missing Homeowners Association Questionnaire

Resolved-condo Project is fannie mae approved and provided Fannie mae Project approval document, updated & condition Resolved - Due Diligence Vendor-XX/XX/XXXX
Resolved-HOA Questionnaire is Present - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded.  - Buyer-XX/XX/XXXX
Open-HOA Questionnaire is Missing or Partial. Provide HOA Questionaire for the Subject property.  - Due Diligence Vendor-XX/XX/XXXX

XXXXXXX X XX XXXXXX XXXX XXXXX XXXXXXXX - XXXXXXX X.X.XX.XXX

Investment

Purchase

9535109

N/A

XXXX

xxxxxx4661

XXXX

Closed

2026-06-04 03:43

2026-06-17 04:03

Resolved

1 - Information

Credit

Eligibility

Missing Property Tax Cert

Resolved-Requested supporting document for  Community Dev District fee provided, updated & Condition Resolved - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded.  - Buyer-XX/XX/XXXX
Open-Provide supporting document to confirm Community Dev District fee amounting $XXXX.XX.  - Due Diligence Vendor-XX/XX/XXXX

Resolved-Requested supporting document for Community Dev District fee provided, updated & Condition Resolved - Due Diligence Vendor-XX/XX/XXXX

XXXXXXXX XXXXXX XXX XXXX.XXX

Investment

Purchase

9548599

N/A

XXXX

xxxxxx4661

XXXX

Closed

2026-06-03 10:39

2026-06-17 00:58

Resolved

1 - Information

Compliance

Missing Doc

The Deed of Trust is Missing

Resolved-Deed of Trust provided. Resolved - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded.  - Buyer-XX/XX/XXXX
Open-The Deed of Trust is Missing Provide Deed of Trust for the loan.  - Due Diligence Vendor-XX/XX/XXXX

Resolved-Deed of Trust provided. Resolved - Due Diligence Vendor-XX/XX/XXXX

XXXXXXXX XXXXXX XXX.XXX

Investment

Purchase

9528523

N/A

XXXX

xxxxxx5472

XXXX

Closed

2026-06-10 01:43

2026-06-16 04:39

Resolved

1 - Information

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Resolved-Requested Xrd party fraud report provided, updated & condition resolved. - Due Diligence Vendor-XX/XX/XXXX
Resolved-Hazard Insurance Effective Date of XX-XX-XXXX is prior to or equal to the Note Date of XX-XX-XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. Updated HOI uploaded for review. - Buyer-XX/XX/XXXX
Open-Hazard Insurance Effective Date of XX-XX-XXXX is after the Note Date of XX-XX-XXXX Hazard insurance is not effective as of the note date, as the policy effective date (XX/XX/XXXX) is after the note date (XX/XX/XXXX). - Due Diligence Vendor-XX/XX/XXXX

Resolved-Requested updated HOI policy with updated dates provided, updated & condition resolved. - Due Diligence Vendor-XX/XX/XXXX
Resolved-Hazard Insurance Effective Date of XX-XX-XXXX is prior to or equal to the Note Date of XX-XX-XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-XX/XX/XXXX

XXXXXXXXXX_XXXXXXXX - XXXXXXX XXX X-X-XX.XXX

Second Home

Purchase

9646532

N/A

XXXX

xxxxxx5472

XXXX

Closed

2026-06-10 02:01

2026-06-16 04:35

Resolved

1 - Information

Credit

Missing Doc

Third Party Fraud Report not Provided

Resolved-Requested Xrd party fraud report provided, updated & condition resolved. - Due Diligence Vendor-XX/XX/XXXX
Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. Fraud Report uploaded for review - Buyer-XX/XX/XXXX
Open-Missing Third Party Fraud Report A third-party fraud report is required but not present in the loan file. - Due Diligence Vendor-XX/XX/XXXX

Resolved-Requested Xrd party fraud report provided, updated & condition resolved. - Due Diligence Vendor-XX/XX/XXXX
Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-XX/XX/XXXX

XXXXXXXXXX_XXXXXXXX XXXXXXXXXXXXXXXXXXXX.XXX

Second Home

Purchase

9646686

N/A

XXXX

xxxxxx4953

XXXX

Closed

2026-06-18 03:18

2026-06-30 08:19

Resolved

1 - Information

Compliance

TRID

Final CD: Estimated Taxes, Insurance, & Assessments "In escrow? is incomplete or inaccurate "

Resolved-Document uploaded and reviewed. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded.  - Buyer-XX/XX/XXXX
Open-Estimated Taxes, Insurance & Assessments on Final CD is $XXX.XX where as calculated Taxes, Insurance & Assessments is $XXX.XX  - Due Diligence Vendor-XX/XX/XXXX

Resolved-Document uploaded and reviewed. Condition resolved. - Due Diligence Vendor-XX/XX/XXXX

XXXXX XXX.XXX

Investment

Purchase

9810541

N/A

XXXX

xxxxxx4953

XXXX

Closed

2026-06-17 23:58

2026-06-24 23:53

Resolved

1 - Information

Compliance

Missing Doc

Missing Prepayment Rider

Resolved-Prepayment Rider uploaded, Verified - Resolved - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. - Buyer-XX/XX/XXXX
Open-Prepayment Rider is Missing in File please provide. - Due Diligence Vendor-XX/XX/XXXX

Resolved-Prepayment Rider uploaded, Verified - Resolved - Due Diligence Vendor-XX/XX/XXXX

XXXXX XXXXX XXXXXXXXXX XXXXX.XXX

Investment

Purchase

9808998

N/A

XXXX

xxxxxx4953

XXXX

Closed

2026-06-18 01:25

2026-06-24 03:43

Resolved

1 - Information

Credit

Eligibility

Ineligible Housing History per program guidelines

Resolved-As per Mortgage statement on page #XXXX, Primary is owned by borrower's spouse hence no need to verify housing history for borrower hence condition resolved. - Due Diligence Vendor-XX/XX/XXXX
Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Document Uploaded. We do not need to verify this. Mortgage is not owned by our borrower-it is in the spouse's name only.  - Buyer-XX/XX/XXXX
Open-Housing History Does Not Meet Guideline Requirements Unable to verify XX  months housing history as not sufficient months of bank statement and mortgage statement in file  - Due Diligence Vendor-XX/XX/XXXX

XXXXXXXX XXXXXXXXX - XXXX XXXXXXXX XX XXXXX XX XXXXX_XX.XXX

Investment

Purchase

9809667

N/A

Loan ID

Seller Loan ID

Investor Loan ID

Note Date

Original Loan Amount

Sales Price

Total Adjusted Prior Purchase Price

Primary Appraised Value

Primary Appraisal Date

Primary Appraisal Type

Primary Appraisal Company

Primary Appraiser Name

Primary Appraiser License Number

Value for LTV

LTV

CLTV

Loan Reviewed Property Value

Loan Reviewed Variance Amount

Loan Reviewed Variance Percent

Loan Reviewed Product Type

Loan Post-Close Reviewed Property Value

Loan Post-Close Reviewed Variance Amount

Loan Post-Close Reviewed Variance Percent

Loan Post-Close Reviewed Product Type

Second Appraisal Value

Second Appraisal Variance Amount

Second Appraisal Variance Percent

Second Appraisal Date

Second Appraisal Type

AVM Appraised Value

AVM Variance Amount

AVM Variance Percent

AVM Confidence Score

FSD Score

AVM Company Name

AVM Product Name

AVM Appraisal Date

Desk Review Appraised Value

Desk Review Variance Amount

Desk Review Variance Percent

Desk Review Company

Desk Review Risk Score

Desk Review Appraisal Date

Desk Top Appraised Value

Desk Top Variance Amount

Desk Top Variance Percent

Desk Top Company

Desk Top Appraisal Date

BPO Appraised Value

BPO Variance Amount

BPO Variance Percent

BPO Company

BPO Appraisal Date

Field Review Appraised Value

Field Review Variance Amount

Field Review Variance Percent

Field Review Company

Field Review Appraisal Date

2055 Appraised Value

2055 Variance Amount

2055 Variance Percent

2055 Company

2055 Appraisal Date

AVE/CMA Appraised Value

AVE/CMA Variance Amount

AVE/CMA Variance Percent

AVE/CMA Company

AVE/CMA Appraisal Date

Completion Report (1004D) Date

Other Appraised Value

Other Variance Amount

Other Variance Percent

Other Appraisal Date

Updated Appraised Value

Updated Variance Amount

Updated Variance Percent

Updated Company

Updated Appraisal Date

Updated Appraisal Type

Loan Collateral Advisor Risk Score

Loan Collateral Advisor Risk Score Date

Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor?

Collateral Underwriter Risk Score

Collateral Underwriter Risk Score Date

xxxxxx2401

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low Risk

XXXX

xxxxxx2726

XXXX

1004 URAR

XXXX

75.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1.2

XXXX

xxxxxx2536

XXXX

1004 URAR

XXXX

50.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1.5

XXXX

xxxxxx0576

XXXX

1004 URAR

XXXX

80.0

XXXX

-.0437

Desk Review

XXXX

-.0437

XXXX

Moderate Risk

XXXX

xxxxxx1680

XXXX

1004 URAR

XXXX

75.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low Risk

XXXX

xxxxxx2517

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Moderate Risk

XXXX

xxxxxx4166

XXXX

1025 Small Residential Income Report

XXXX

80.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low Risk

XXXX

xxxxxx4661

XXXX

1073 Individual Condo Report

XXXX

70.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

xxxxxx2306

XXXX

1004 URAR

XXXX

70.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low Risk

XXXX

xxxxxx3434

XXXX

1004 URAR

XXXX

75.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low Risk

XXXX

xxxxxx2314

XXXX

1004 URAR

XXXX

70.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low Risk

XXXX

xxxxxx5472

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low Risk

XXXX

xxxxxx4953

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low Risk

XXXX

Seller Loan ID

Loan ID

Investor Loan ID

Lender Name

Transaction ID

ULI

Borrower 1 First Name

Borrower 1 Last Name

Borrower 1 SSN

Borrower 1 Birthdate

Borrower 1 Gender

Borrower 1 Ethnicity

Borrower 1 Race

Borrower 1 Citizen

Borrower 1 Self-Employment Flag

Borrower 1 FTHB

Borrower 1 FICO Date

Borrower 1 Origination FICO

Borrower 1 Origination Equifax

Borrower 1 Origination Experian

Borrower 1 Origination TransUnion

Borrower 2 First Name

Borrower 2 Last Name

Borrower 2 SSN

Borrower 2 Birthdate

Borrower 2 Gender

Borrower 2 Ethnicity

Borrower 2 Race

Borrower 2 Citizen

Borrower 2 Self-Employment Flag

Borrower 2 FTHB

Borrower 2 FICO Date

Borrower 2 Origination FICO

Borrower 2 Origination Equifax

Borrower 2 Origination Experian

Borrower 2 Origination TransUnion

Borrower 3 First Name

Borrower 3 Last Name

Borrower 3 SSN

Borrower 3 Birthdate

Borrower 3 Gender

Borrower 3 Ethnicity

Borrower 3 Race

Borrower 3 Citizen

Borrower 3 Self-Employment Flag

Borrower 3 FTHB

Borrower 3 FICO Date

Borrower 3 Origination FICO

Borrower 3 Origination Equifax

Borrower 3 Origination Experian

Borrower 3 Origination TransUnion

Borrower 4 First Name

Borrower 4 Last Name

Borrower 4 SSN

Borrower 4 Birthdate

Borrower 4 Gender

Borrower 4 Ethnicity

Borrower 4 Race

Borrower 4 Citizen

Borrower 4 Self-Employment Flag

Borrower 4 FTHB

Borrower 4 FICO Date

Borrower 4 Origination FICO

Borrower 4 Origination Equifax

Borrower 4 Origination Experian

Borrower 4 Origination TransUnion

Subject Address

Subject City

Subject Sate

Subject Zip Code

Subject County

Originator Doc Type

Occupancy

Loan Purpose

Refinance Type

Qualifying Front End DTI

Qualifying DTI

Borrower 1 Qualifying Income

Borrower 2 Qualifying Income

Borrower 3 Qualifying Income

Borrower 4 Qualifying Income

All Borrower Total Qualifying Income

Borrower 1 Employment Status

Borrower 2 Employment Status

Borrower 3 Employment Status

Borrower 4 Employment Status

Borrower 1 Length of Employment

Borrower 2 Length of Employment

Borrower 3 Length of Employment

Borrower 4 Length of Employment

4506-T Flag

All Borrower Residual Income

All Borrower Monthly Debt

Escrow Flag

Months Reserves

Liquid Cash Reserves

Original Note Loan Amount

Original Qualifying Loan Amount

Original Qualifying Base LTV

Original Qualifying LTV

Original Qualifying CLTV

Application Date

Note Date

Cash Disbursement Date

Mortgage Type

Loan Product

Loan Program

Original Note Interest Rate

Original Qualifying Interest Rate

Original P&I Payment

Original Qualifying P&I Payment

Monthly Escrow Payment

Original Total Housing Expense (PITIA)

First Payment Date

Amortization Type

Original Amortization Term

Original Term to Maturity

Maturity Date

ARM Gross Margin

ARM Rounding Method

ARM Rounding Factor

ARM Lookback Days

ARM Rate Index Type

Origination ARM Rate Index Value

ARM Initial Interest Rate Cap

ARM Subsequent Interest Rate Cap

ARM Initial Interest Rate Floor

ARM Lifetime Interest Rate Floor

ARM Initial Interest Rate Maximum

ARM Lifetime Interest Rate Maximum

ARM First Rate Reset Date

ARM First Payment Reset Date

ARM Subsequent Interest Rate Reset Frequency

ARM Subsequent Payment Reset Frequency

Interest Only Flag

Original Interest Only Term

Balloon Flag

Buydown Flag

Assumable Flag

Prepayment Penalty Flag

Prepayment Penalty Total Term

Prepayment Penalty Type

Origination Channel

PMI Flag

MI Certificate Number

Mortgage Insurance Percent

Mortgage Insurance Type

Mortgage Insurance Company Name

MERS MOM Flag

MERS Loan ID

Property Type

Number of Units

Year Built

Primary Value Property Valuation Date

Primary Value Property Valuation Type

Primary Value Property Value

Secondary Value Property Valuation Date

Secondary Value Property Form Type

Secondary Value Property Value

Sales Price

Qualifying Property Value

Date of Prior Sale

Days Since Prior Sale

Total Adjusted Prior Purchase Price

Flood Zone Flag

Flood Zone Code

Flood Policy Number

Other Lien Amount

Other Lien Position

Originator QM Status

Final QM Status

Total Number of Borrowers

Cash Out Amount

Total Origination and Discount Points

Number of Mortgaged Properties

Credit Report: Max Trade Line

Credit Report: Longest Trade Line

Credit Report: Number of Trade Lines

Credit Line Usage Ratio

Borrower 1 Years in Home

GSE Eligible Flag

AUS Case Number

AUS Recommendation

QM Points and Fees

Annual Percent Rate (APR)

Higher Priced Mortgage Loan (HPML) Flag

Covered/High Cost Loan Flag

Guideline Name

UW Guideline Author

Blanket Mortgage Flag

xxxxxx2401

XXXX

US Citizen

XXXX

706

724

706

690

XXXX

Debt Service Coverage Ratio

Investment

Purchase

.00

17040.64

Taxes and Insurance

4.9

18022.89

XXXX

80.0

XXXX

DSCR

Fixed

Correspondent - DSCR

7.25

2897.88

777.05

3674.93

XXXX

Fixed

360

XXXX

6 months interest on amount that exceeds 20%

Correspondent Bulk

XXXX

Yes

XXXX

Single Family Detached

XXXX

Desk Review

XXXX

None

ATR/QM: Exempt

0.0

12510.00

69206

481

0.43239327532006017

2.17

XXXX

Manual Underwriting

XXXX

xxxxxx2726

XXXX

US Citizen

XXXX

771

794

758

XXXX

Debt Service Coverage Ratio

Investment

Refinance

Cash Out - Other

.00

5131.97

No Escrow

91.32

134692.62

XXXX

75.0

XXXX

DSCR

Fixed

Correspondent - DSCR

7.75

1020.89

1474.97

XXXX

Fixed

360

XXXX

No Prepayment Penalty

Correspondent Bulk

XXXX

Yes

XXXX

Single Family Detached

XXXX

Collateral Underwriter (CU)

XXXX

None

ATR/QM: Exempt

134692.62

4540.00

27436

124

0.0009504132231404959

6.42

XXXX

Manual Underwriting

XXXX

xxxxxx2536

XXXX

US Citizen

XXXX

666

640

666

671

XXXX

US Citizen

false

XXXX

708

722

682

708

XXXX

Debt Service Coverage Ratio

Investment

Refinance

Cash Out - Other

.00

7208.35

Taxes and Insurance

25.27

17797.92

XXXX

50.0

XXXX

DSCR

Fixed

Correspondent - DSCR

7.5

559.37

144.98

704.35

XXXX

Fixed

360

XXXX

Yes

No Prepayment Penalty

Correspondent Bulk

XXXX

Yes

XXXX

Single Family Detached

XXXX

Collateral Underwriter (CU)

XXXX

None

ATR/QM: Exempt

17797.92

4368.00

57972

246

0.2629918588873813

XXXX

Manual Underwriting

XXXX

xxxxxx0576

XXXX

US Citizen

Yes

XXXX

654

668

643

654

XXXX

US Citizen

Yes

false

XXXX

691

696

688

XXXX

12 Month Bank Statement

Primary Residence

Purchase

10.41

23.13

34038.05

.00

68076.10

Employed

4.75

52327.08

15749.02

Taxes and Insurance

39.68

281120.19

XXXX

80.0

XXXX

Conventional

Fixed

Correspondent - Expanded Prime

7.5

5062.31

2023.18

7085.49

XXXX

Fixed

360

XXXX

No Prepayment Penalty

Correspondent Bulk

XXXX

Yes

XXXX

Single Family Detached

XXXX

Desk Review

XXXX

None

Non-QM: Lender documented all ATR UW factors

0.0

12670.00

116206

173

0.10014263074484944

12.5

XXXX

Manual Underwriting

12670.0

7.697

XXXX

xxxxxx1680

XXXX

US Citizen

XXXX

646

651

582

XXXX

US Citizen

false

XXXX

735

767

735

722

XXXX

Debt Service Coverage Ratio

Investment

Refinance

Cash Out - Other

.00

4697.23

Taxes and Insurance

23.94

21583.39

XXXX

75.0

XXXX

DSCR

Fixed

Correspondent - DSCR

7.75

698.5

203.14

901.64

XXXX

Fixed

360

XXXX

3%, 2%, 1%

Correspondent Bulk

XXXX

Yes

XXXX

Single Family Detached

XXXX

Desk Review

XXXX

None

ATR/QM: Exempt

21583.39

4273.50

8184

163

0.6642938894006644

0.58

XXXX

Manual Underwriting

XXXX

xxxxxx2517

XXXX

US Citizen

XXXX

720

715

733

720

XXXX

Debt Service Coverage Ratio

Investment

Refinance

Rate and Term

.00

3648.46

Taxes and Insurance

XXXX

80.0

XXXX

DSCR

Fixed

Wholesale - DSCR

7.25

1227.92

293.54

1521.46

XXXX

Fixed

360

XXXX

5%, 5%, 5%

Wholesale

XXXX

Yes

XXXX

Single Family Detached

XXXX

Desk Review

XXXX

None

ATR/QM: Exempt

1176.76

2440.00

78825

368

0.13695764909248057

XXXX

Manual Underwriting

XXXX

xxxxxx4166

XXXX

Permanent Non-US Citizen

XXXX

734

741

729

734

XXXX

US Citizen

false

XXXX

780

782

774

XXXX

Debt Service Coverage Ratio

Investment

Purchase

.00

6420.25

Taxes and Insurance

29.62

29231.83

XXXX

80.0

XXXX

DSCR

Fixed

Wholesale - DSCR

7.5

704.81

331.85

987.04

XXXX

Fixed

360

XXXX

No Prepayment Penalty

Wholesale

XXXX

Yes

XXXX

Two to Four Unit

XXXX

Desk Review

XXXX

None

ATR/QM: Exempt

0.0

3246.40

33000

189

0.04103111111111111

0.33

XXXX

Manual Underwriting

XXXX

xxxxxx4661

XXXX

US Citizen

XXXX

754

747

754

771

XXXX

US Citizen

false

XXXX

769

754

769

775

XXXX

Debt Service Coverage Ratio

Investment

Purchase

.00

5167.65

Taxes and Insurance

60.52

172645.36

XXXX

70.0

XXXX

DSCR

Fixed

Correspondent - DSCR

6.75

1520.96

585.69

2852.65

XXXX

Fixed

360

XXXX

5%, 4%, 3%

Correspondent Bulk

XXXX

Yes

XXXX

Condominium

XXXX

Collateral Underwriter (CU)

XXXX

None

ATR/QM: Exempt

0.0

6696.05

28500

407

0.16003136687175776

8.08

XXXX

Manual Underwriting

XXXX

xxxxxx2306

XXXX

US Citizen

XXXX

644

656

635

XXXX

Debt Service Coverage Ratio

Investment

Refinance

Cash Out - Other

.00

444

No Escrow

79.2

144200.1

XXXX

70.0

XXXX

DSCR

Fixed

Correspondent - DSCR

8.99

1249.27

1820.75

XXXX

Fixed

360

XXXX

5%, 5%, 5%, 5%, 5%

Correspondent Bulk

XXXX

Yes

XXXX

Single Family Detached

XXXX

Desk Review

XXXX

None

ATR/QM: Exempt

144200.1

4868.94

8300

245

0.8789677419354839

8.17

XXXX

Manual Underwriting

XXXX

xxxxxx3434

XXXX

US Citizen

XXXX

694

675

694

709

XXXX

Debt Service Coverage Ratio

Investment

Refinance

Cash Out - Other

.00

10740

Taxes and Insurance

6.25

7435.55

XXXX

75.0

XXXX

DSCR

Fixed

Wholesale - DSCR

8.375

843.68

346.09

1189.77

XXXX

Fixed

360

XXXX

5%, 5%, 5%, 5%, 5%

Wholesale

XXXX

Yes

XXXX

Single Family Attached

XXXX

Desk Review

XXXX

None

ATR/QM: Exempt

17773.79

2440.00

38500

373

0.7584196547144755

XXXX

Manual Underwriting

XXXX

xxxxxx2314

XXXX

US Citizen

XXXX

668

657

670

668

XXXX

Debt Service Coverage Ratio

Investment

Refinance

Cash Out - Other

.00

11852

Taxes and Insurance

23.48

27487.59

XXXX

70.0

XXXX

DSCR

Fixed

Correspondent - DSCR

7.75

927.75

243.08

1170.82

XXXX

Fixed

360

XXXX

3%, 2%, 1%

Correspondent Bulk

XXXX

Yes

XXXX

Single Family Detached

XXXX

Desk Review

XXXX

None

ATR/QM: Exempt

27487.59

3885.00

52921

263

0.6407131620346094

XXXX

Manual Underwriting

XXXX

xxxxxx5472

XXXX

US Citizen

XXXX

741

760

726

XXXX

US Citizen

false

XXXX

748

764

748

747

XXXX

2YR Full Doc

Second Home

Purchase

5.7

20.02

46982.39

13958.36

.00

60940.75

Employed

2.58

0.67

2 YRS

48742.88

12197.87

Taxes and Insurance

96.14

811368.63

XXXX

80.0

XXXX

Conventional

Fixed

Correspondent - Expanded Prime

7.125

7718.12

700.92

8439.87

XXXX

Fixed

360

XXXX

No Prepayment Penalty

Correspondent Bulk

XXXX

Yes

XXXX

PUD

XXXX

Desk Review

XXXX

None

Non-QM: Lender documented all ATR UW factors

0.0

2325.00

46000

246

0.09805230352563794

XXXX

Manual Underwriting

2325.0

7.204

XXXX

xxxxxx4953

XXXX

US Citizen

Unknown

XXXX

810

819

808

XXXX

Debt Service Coverage Ratio

Investment

Purchase

.00

4181.06

No Escrow

5.75

12820.39

XXXX

80.0

XXXX

DSCR

Fixed

Correspondent - DSCR

6.75

1709.22

2228.73

XXXX

Fixed

360

XXXX

1%, 1%, 1%

Correspondent Bulk

XXXX

Yes

XXXX

PUD

XXXX

Desk Review

XXXX

None

ATR/QM: Exempt

0.0

539.53

16000

145

0.005709170960640588

5.83

XXXX

Manual Underwriting

XXXX

Loan ID

Seller Loan ID

Investor Loan ID

Loan Program

Guideline Product Name

Originator Name

Originating Entity CDFI Flag

Guideline Name

Guideline Author

Guideline Date

Guideline Version

Application Date

TILA Status

TRID

GSE

Verified Safe Harbor Flag

Verified Safe Harbor Reference Document

QM Regulation Failures

ATR QM Total Points and Fees Audit

Loan Regulation Benchmark Date

Benchmark Rate

AUS Decision System

Rating Result

Property Inspection Waiver (PIW)

Calculated APR

HUD 1 Page 1 Credits Total

Verified Qualifying Rate

Originator Qualifying Rate

Qualifying P&I

Default Interest Rate Present

Default Interest Rate

Annual Property Tax

Monthly Property Tax

Annual Insurance Costs

Monthly Insurance Cost

Annual HOA Costs

Monthly HOA Costs

Monthly Other Costs

PITIA

Residual Income

HOA Questionnaire Flag

HOA Name

HOA Address State

HOA Fee Amount

HOA Next Due Date

HOA Payment Frequency

Originator DTI

TPR Verified DTI

QM DTI

Is Borrower Non Occupant

Is Co Borrower Non Occupant

Co Borrower 2 Asset Verification Level

Co Borrower 3 Asset Verification Level

Co Borrower 2 Income Verification Level

Co Borrower 3 Income Verification Level

Co Borrower 2 Employment Verification Level

Co Borrower 3 Employment Verification Level

Borrower Employment Indicator

Co Borrower Employment Indicator

Co Borrower 2 Employment Indicator

Co Borrower 3 Employment Indicator

Co Borrower 2 Length of Employment

Co Borrower 3 Length of Employment

Document Level

Borrower Years of W2s/1099

CoBorrower Years of W2s/1099

Borrower Months of Paystubs Verified

Co Borrower Months of Paystubs Verified

Borrower Employment Gap Letter

Borrower Months of Employment Gap

Co Borrower Employment Gap Letter

Co Borrower Months of Employment Gap

Borrower Years of Personal Tax Returns

Borrower Years of Business Tax Returns

CoBorrower Years of Personal Tax Returns

CoBorrower Years of Business Tax Returns

Years of 4506T

Years of Tax Transcripts

Borrower Award/Offer Letter

Co Borrower Award/Offer Letter

Asset Depletion Flag

Partial Asset Depletion Flag

Asset Depletion Months Amortized

Asset Utilization Flag (No DTI)

Borrower Bank Statements Flag

Borrower Bank Statement Summary/Lender Worksheet

Borrower Number of Personal Bank Statements

Borrower Number of Business Bank Statements

CoBorrower Bank Statements Flag

Co Borrower Bank Statement Summary/Lender Worksheet

CoBorrower Number of Personal Bank Statements

CoBorrower Number of Business Bank Statements

Percent of Income From Statements

Borrower Business Ownership %

CoBorrower Business Ownership %

Bespoke Eligible Assets

Borrower P&L Type

Borrower Number of Months P&L

Borrower P&L Prepared By

CoBorrower P&L Type

CoBorrower P&L Prepared By

CoBorrower Number of Months P&L

Borrower CPA Letter Flag

# of Months CPA verified income

CoBorrower CPA Letter Flag

CoBorrower # of Months CPA verified income

Borrower WVOE Flag

Borrower # of Months Employment Validated WVOE

Borrower # of Months Income Validated WVOE

Borrower WVOE Form Type

CoBorrower WVOE Flag

CoBorrower # of Months WVOE

CoBorrower # of Months Income Validated WVOE

CoBorrower WVOE Form Type

DSCR Flag

TPR DSCR

Originator DSCR

Expense Letter

Income Doc Detail

Tax Return Doc Details

Property Address

Property City

Property State

Property Zip

Property County

Original Credit Report Date

Borrower 1 Credit Report Date

Borrower 2 Credit Report Date

Borrower 3 Credit Report Date

Borrower 4 Credit Report Date

xxxxxx2401

XXXX

ATR/QM: Exempt

Yes

N/A

Manual Underwriting

7.250%

$2,897.88

$7,322.04

$610.17

$2,002.56

$166.88

$0.00

$3,674.93

N/A

XXXX

$0.00

XXXX

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.116

N/A

Borrower - null Personal Tax Returns Verified, null Business Tax Returns Verified(), null Executed 4506T Verified, null IRS Transcripts Verified, null 1040 Schedule E Verified

XXXX

xxxxxx2726

XXXX

ATR/QM: Exempt

Yes

N/A

Manual Underwriting

7.750%

$1,020.89

$3,432.24

$286.02

$2,016.72

$168.06

$0.00

$1,474.97

N/A

XXXX

$0.00

XXXX

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.119

1.12

N/A

Borrower - null Personal Tax Returns Verified, null Business Tax Returns Verified(), null Executed 4506T Verified, null IRS Transcripts Verified, null 1040 Schedule E Verified

XXXX

xxxxxx2536

XXXX

ATR/QM: Exempt

Yes

N/A

Manual Underwriting

7.500%

$559.37

$314.76

$26.23

$1,425.00

$118.75

$0.00

$704.35

N/A

XXXX

$0.00

XXXX

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.207

N/A

Borrower - null Personal Tax Returns Verified, null Business Tax Returns Verified(), null CPA Letter Verified, null YTD Profit And Loss Verified, null Balance Sheet Verified, null Verified, null Paystubs Verified, null Written VOE Verified, null Executed 4506T Verified, null IRS Transcripts Verified, null Award Letter Verified, null Separation Agreement Verified, null Note Receivable Verified, null Personal Bank Statements Verified, null Business Bank Statements Verified, null Lease Agreements Verified, null 1040 Schedule E Verified || Co Borrower - null Personal Tax Returns Verified, null Business Tax Returns Verified(), null CPA Letter Verified, null YTD Profit And Loss Verified, null Balance Sheet Verified, null Verified, null Paystubs Verified, null Written VOE Verified, null Executed 4506T Verified, null IRS Transcripts Verified, null Award Letter Verified, null Separation Agreement Verified, null Note Receivable Verified, null Personal Bank Statements Verified, null Business Bank Statements Verified, null Lease Agreements Verified, null 1040 Schedule E Verified

Borrower - null Personal Tax Returns Verified, null Business Tax Returns Verified(), null Executed 4506T Verified, null IRS Transcripts Verified, null 1040 Schedule E Verified || Co Borrower - null Personal Tax Returns Verified, null Business Tax Returns Verified(), null Executed 4506T Verified, null IRS Transcripts Verified, null 1040 Schedule E Verified

XXXX

xxxxxx0576

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

Client Affirms Non-QM Status

12670.0

04/16/2026

6.370%

Manual Underwriting

7.697%

7.500%

$5,062.31

$15,053.16

$1,254.43

$9,225.00

$768.75

$0.00

$7,085.49

$52,327.08

N/A

XXXX

$0.00

XXXX

20.40%

23.13%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

50.00%

N/A

Borrower - SEPartnership, Other REO Net Rental Income(Loss), Other REO Net Rental Income(Loss) - Business Bank Statements Verified - 2025, 2026 || Co Borrower - SEPartnership - Business Bank Statements Verified - 2025, 2026

Borrower - 2025, 2026 || Co Borrower - 2025, 2026

XXXX

xxxxxx1680

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.750%

$698.50

Yes

7.750%

$1,721.04

$143.42

$716.64

$59.72

$0.00

$901.64

N/A

XXXX

$0.00

XXXX

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.414

Yes

XXXX

xxxxxx2517

XXXX

ATR/QM: Exempt

Yes

N/A

Manual Underwriting

7.250%

7.625%

$1,227.92

Yes

7.250%

$2,527.44

$210.62

$995.04

$82.92

$0.00

$1,521.46

N/A

XXXX

$0.00

XXXX

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.117

N/A

Borrower - null Personal Tax Returns Verified, null Business Tax Returns Verified(), null Executed 4506T Verified, null IRS Transcripts Verified, null 1040 Schedule E Verified

XXXX

xxxxxx4166

XXXX

ATR/QM: Exempt

Yes

N/A

Manual Underwriting

7.500%

$704.81

Yes

7.500%

$1,990.80

$165.90

$1,395.96

$116.33

$0.00

$987.04

N/A

XXXX

$0.00

XXXX

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

2.001

1.905

XXXX

xxxxxx4661

XXXX

ATR/QM: Exempt

Yes

N/A

Manual Underwriting

6.750%

$1,520.96

$6,577.80

$548.15

$450.48

$37.54

$8,952.00

$746.00

$0.00

$2,852.65

Yes

XXXX

$746.00

XXXX

Monthly

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Proceeds from Sale

Yes

0.964

N/A

XXXX

xxxxxx2306

XXXX

ATR/QM: Exempt

Yes

N/A

Manual Underwriting

8.990%

$1,249.27

$5,002.80

$416.90

$1,854.96

$154.58

$0.00

$1,820.75

N/A

XXXX

$0.00

XXXX

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.291

1.29

Borrower - null Personal Tax Returns Verified, null Business Tax Returns Verified(), null Executed 4506T Verified, null IRS Transcripts Verified, null 1040 Schedule E Verified

XXXX

xxxxxx3434

XXXX

ATR/QM: Exempt

Yes

N/A

Manual Underwriting

8.375%

$843.68

Yes

8.375%

$3,087.12

$257.26

$1,065.96

$88.83

$0.00

$1,189.77

N/A

XXXX

$0.00

XXXX

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.009

Borrower - null Personal Tax Returns Verified, null Business Tax Returns Verified(), null Executed 4506T Verified, null IRS Transcripts Verified, null 1040 Schedule E Verified

XXXX

xxxxxx2314

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.750%

$927.75

Yes

7.750%

$1,721.76

$143.48

$1,195.08

$99.59

$0.00

$1,170.82

N/A

XXXX

$0.00

XXXX

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.025

N/A

Borrower - null Personal Tax Returns Verified, null Business Tax Returns Verified(), null Executed 4506T Verified, null IRS Transcripts Verified, null 1040 Schedule E Verified

XXXX

xxxxxx5472

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

Client Affirms Non-QM Status

2325.0

05/29/2026

6.600%

Manual Underwriting

7.204%

7.125%

$7,718.12

$4,896.00

$408.00

$3,515.04

$292.92

$249.96

$20.83

$0.00

$8,439.87

$48,742.88

N/A

XXXX

$20.83

XXXX

Annually

20.14%

20.02%

Yes

Employed

2YR Full Doc

2 YRS W2

2+ Months

1 Month

N/A

0.00%

Stocks/Bonds

N/A

Yes

Work Number

Yes

Work Number

Borrower - Wage, Bonus - 2 YRS W2 Verified, 2+ Months Paystubs Verified, Written VOE Verified, 2 YRS Executed 4506T Verified - 2025, 2026, 2024 || Co Borrower - Wage - 2 YRS W2 Verified, 1 Month Paystubs Verified, Written VOE Verified, 2 YRS Executed 4506T Verified - 2025, 2026, 2024

Borrower - 2 YRS Executed 4506T Verified - 2025, 2026, 2024 || Co Borrower - 2 YRS Executed 4506T Verified - 2025, 2026, 2024

XXXX

xxxxxx4953

XXXX

ATR/QM: Exempt

Yes

N/A

Manual Underwriting

6.750%

$1,709.22

$4,941.12

$411.76

$717.96

$59.83

$575.04

$47.92

$0.00

$2,228.73

N/A

XXXX

$47.92

XXXX

Annually

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.122

N/A

Borrower - null Personal Tax Returns Verified, null Business Tax Returns Verified(), null Executed 4506T Verified, null IRS Transcripts Verified, null 1040 Schedule E Verified

XXXX

Loan ID

Qualifying Credit Score

Third Wage Earner Original FICO Equifax

Third Wage Earner Original FICO Experian

Third Wage Earner Original FICO Transunion

Fourth Wage Earner Original FICO Equifax

Fourth Wage Earner Original FICO Experian

Fourth Wage Earner Original FICO Transunion

Most Recent Co Borrower 2 FICO

Most Recent Co Borrower 3 FICO

Updated Credit Report Flag

Updated Credit Report Date

Updated FICO Method

Primary Wage Earner Updated FICO Equifax

Primary Wage Earner Updated FICO Experian

Primary Wage Earner Updated FICO Transunion

Secondary Wage Earner Updated FICO Equifax

Secondary Wage Earner Updated FICO Experian

Secondary Wage Earner Updated FICO Transunion

Third Wage Earner Updated FICO Equifax

Third Wage Earner Updated FICO Experian

Third Wage Earner Updated FICO Transunion

Fourth Wage Earner Updated FICO Equifax

Fourth Wage Earner Updated FICO Experian

Fourth Wage Earner Updated FICO Transunion

Updated Primary Borrower FICO

Updated Co Borrower FICO

Updated Co Borrower 2 FICO

Updated Co Borrower 3 FICO

Updated Qualifying FICO

Most Recent Bankruptcy Type

Most Recent Bankruptcy Filing Date

Most Recent Bankruptcy Discharge Date

Number of Bankruptcy Events

Months Bankruptcy 7 11

Months Bankruptcy 13

Most Recent Deed in Lieu Date

Number of Deed in Lieu Events

Months Deed in Lieu

Most Recent Short Sale Date

Number of Short Sale Events

Months Short Sale (or Pre FC)

Most Recent Foreclosure Date

Number of Foreclosure Events

Months Foreclosure

Prior Mortgage/Rent Lates 30d in 0-12m

Prior Mortgage/Rent Lates 60d in 0-12m

Prior Mortgage/Rent Lates 90d in 0-12m

Prior Mortgage/Rent Lates 120d+ in 0-12m

Prior Mortgage/Rent Lates 30d in 13-24m

Prior Mortgage/Rent Lates 60d in 13-24m

Prior Mortgage/Rent Lates 90d in 13-24m

Prior Mortgage/Rent Lates 120d+ in 13-24m

Prior Mortgage/Rent Late 30d in 24m

Prior Mortgage/Rent Late 60d in 24m

Prior Mortgage/Rent Late 90d in 24m

Has ACH

Is Equity Shared Loan

Subordinate Lien Type

Subordinate Lien Max Draw Amount (HELOC)

Subordinate Lien 2 Type

Subordinate Lien 2 Max Draw Amount (HELOC)

Subordinate Lien 3 Type

Subordinate Lien 3 Max Draw Amount (HELOC)

Is Shared Appreciation Mortgage

Borrower Originator Citizenship Designation

Borrower Verified Citizenship Designation

Borrower Individual Tax Identification Number (ITIN)?

Borrower Photo Identification Type

Borrower Photo Identification Other Type

Borrower Photo ID State of Issuance

Borrower Photo ID Country of Issuance

Borrower Photo ID Expiration Date

Borrower Passport Country of Origin

Borrower Passport Expiration Date

Borrower Non-US Citizen Identification Document

Borrower Date of Resident Since/Valid Date

Borrower Non-US Document Expiration Date

Co Borrower Originator Citizenship Designation

Co Borrower Verified Citizenship Designation

Co Borrower Individual Tax Identification Number (ITIN)?

Co Borrower Photo Identification Type

Co Borrower Photo Identification Other Type

Co Borrower Photo ID State of Issuance

Co Borrower Photo ID Country of Issuance

Co Borrower Photo ID Expiration Date

Co Borrower Passport Country of Origin

Co Borrower Passport Expiration Date

Co Borrower Non-US Citizen Identification Document

Co Borrower Date of Resident Since/Valid Date

Co Borrower Non-US Document Expiration Date

Co Borrower 2 Originator Citizenship Designation

Co Borrower 2 Verified Citizenship Designation

Co Borrower 2 Individual Tax Identification Number (ITIN)?

Co Borrower 2 Photo Identification Type

Co Borrower 2 Photo Identification Other Type

Co Borrower 2 Photo ID State of Issuance

Co Borrower 2 Photo ID Country of Issuance

Co Borrower 2 Photo ID Expiration Date

Co Borrower 2 Passport Country of Origin

Co Borrower 2 Passport Expiration Date

Co Borrower 2 Non-US Citizen Identification Document

Co Borrower 2 Date of Resident Since/Valid Date

Co Borrower 2 Non-US Document Expiration Date

Co Borrower 3 Originator Citizenship Designation

Co Borrower 3 Verified Citizenship Designation

Co Borrower 3 Individual Tax Identification Number (ITIN)?

Co Borrower 3 Photo Identification Type

Co Borrower 3 Photo Identification Other Type

Co Borrower 3 Photo ID State of Issuance

Co Borrower 3 Photo ID Country of Issuance

Co Borrower 3 Photo ID Expiration Date

Co Borrower 3 Passport Country of Origin

Co Borrower 3 Passport Expiration Date

Co Borrower 3 Non-US Citizen Identification Document

Co Borrower 3 Date of Resident Since/Valid Date

Co Borrower 3 Non-US Document Expiration Date

Property Rights

Leasehold Lease Expiration Date

Buydown Flag

Assumable Mortgage Flag

Foreign National Alternative Credit Documentation

Liquid / Cash Reserves (ASF)

Months Liquid Reserves

Total Assets Available for Reserves

Months Reserves

Blanket Mortgage Flag

Qualifying HCLTV

Condo Warrantability Flag

E-Note Flag

O&E in lieu of Title Insurance

Business Purpose Flag

Borrower Note Executed As

Co Borrower Note Executed As

Co Borrower 2 Note Executed As

Co Borrower 3 Note Executed As

Borrower 1 Trust Name

Borrower 2 Trust Name

Borrower 3 Trust Name

Borrower 4 Trust Name

xxxxxx2401

706

XXXX

Unknown

US Citizen

N/A

Real ID Driver's License

United States of America (USA)

XXXX

N/A

XXXX

Fee Simple

XXXX

N/A

18022.89

4.9

18022.89

4.9

80.0

N/A

Yes

Borrower As Individual

N/A

XXXX

xxxxxx2726

771

XXXX

Unknown

US Citizen

N/A

Real ID Driver's License

United States of America (USA)

XXXX

N/A

XXXX

Fee Simple

XXXX

N/A

.00

0.0

134692.62

91.3

75.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

xxxxxx2536

708

XXXX

Unknown

US Citizen

N/A

Real ID Driver's License

United States of America (USA)

XXXX

N/A

XXXX

US Citizen

N/A

Real ID Driver's License

XXXX

N/A

XXXX

Fee Simple

XXXX

Yes

N/A

.00

0.0

17797.92

25.3

50.0

N/A

Yes

Borrower As Individual

N/A

XXXX

xxxxxx0576

691

XXXX

Unknown

US Citizen

N/A

Real ID Driver's License

United States of America (USA)

XXXX

N/A

XXXX

US Citizen

N/A

Real ID Driver's License

XXXX

N/A

XXXX

Fee Simple

XXXX

N/A

281120.19

39.7

281120.19

39.7

80.0

N/A

Borrower As Individual

N/A

XXXX

xxxxxx1680

735

XXXX

Unknown

US Citizen

N/A

Real ID Driver's License

United States of America (USA)

XXXX

N/A

XXXX

US Citizen

N/A

Standard Driver's License - Not for federal Use

XXXX

N/A

XXXX

Fee Simple

XXXX

N/A

.00

0.0

21583.39

23.9

75.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

xxxxxx2517

720

XXXX

Unknown

US Citizen

N/A

Real ID Driver's License

United States of America (USA)

XXXX

N/A

XXXX

Fee Simple

XXXX

N/A

.00

0.0

.00

0.0

80.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

xxxxxx4166

780

XXXX

Unknown

Permanent Resident Alien

Permanent Non-US Citizen

N/A

Real ID Driver's License

United States of America (USA)

XXXX

I-551 Permanent Resident Card

XXXX

US Citizen

N/A

Real ID Driver's License

XXXX

N/A

XXXX

Fee Simple

XXXX

N/A

29231.83

29.6

29231.83

29.6

80.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

xxxxxx4661

769

XXXX

Unknown

US Citizen

N/A

Real ID Driver's License

United States of America (USA)

XXXX

N/A

XXXX

US Citizen

N/A

Real ID Driver's License

XXXX

N/A

XXXX

Fee Simple

XXXX

N/A

172645.36

60.5

172645.36

60.5

70.0

Yes

Borrower As Individual

N/A

XXXX

xxxxxx2306

644

XXXX

Unknown

US Citizen

N/A

Standard Driver's License - Not for federal use

United States of America (USA)

XXXX

N/A

XXXX

Fee Simple

XXXX

N/A

.00

0.0

144200.10

79.2

70.0

N/A

Yes

Borrower As Individual

N/A

XXXX

xxxxxx3434

694

XXXX

Unknown

US Citizen

N/A

Real ID Driver's License

United States of America (USA)

XXXX

N/A

XXXX

Fee Simple

XXXX

N/A

.00

0.0

7435.55

6.3

75.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

xxxxxx2314

668

XXXX

Unknown

US Citizen

N/A

Standard Driver's License - Not for federal use

United States of America (USA)

XXXX

N/A

XXXX

Fee Simple

XXXX

N/A

.00

0.0

27487.59

23.5

70.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

xxxxxx5472

741

XXXX

Unknown

US Citizen

N/A

Real ID Driver's License

United States of America (USA)

XXXX

N/A

XXXX

US Citizen

N/A

Real ID Driver's License

XXXX

N/A

XXXX

Fee Simple

XXXX

N/A

811368.63

96.1

811368.63

96.1

80.0

N/A

Borrower As Individual

N/A

XXXX

xxxxxx4953

810

XXXX

Unknown

US Citizen

N/A

Real ID Driver's License

United States of America (USA)

XXXX

N/A

XXXX

Fee Simple

XXXX

N/A

12820.39

5.8

12820.39

5.8

80.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Loan ID

Seller Loan ID

Investor Loan ID

Seller Name

Loan Program

Documentation Type

Executed NOO Docs in File

Lease In Place Flag

Actual In Place Rent

Third Party Market Rent Estimate

Third Party Rent Source

Actual Short Term Rent Amount

Actual Short Term Rent Source

Short Term Rent Number of Months

Short Term Rental Occupancy Factor

Rental Income Used for Property DSCR Calculation

Rental Source for Property DSCR Calculation

DSCR Calculation Based On Short Rental Income Flag

Property DTI

Originator DSCR

TPR DSCR

PITIA

Gross Rental Income Unit 1

Lease End Date Unit 1

Lease Term Unit 1

Gross Rental Income Unit 2

Lease End Date Unit 2

Lease Term Unit 2

Gross Rental Income Unit 3

Lease End Date Unit 3

Lease Term Unit 3

Gross Rental Income Unit 4

Lease End Date Unit 4

Lease Term Unit 4

Gross Rental Income Unit 5

Lease End Date Unit 5

Lease Term Unit 5

Gross Rental Income Unit 6

Lease End Date Unit 6

Lease Term Unit 6

Gross Rental Income Unit 7

Lease End Date Unit 7

Lease Term Unit 7

Gross Rental Income Unit 8+

Rent Loss Insurance

Rent Loss Insurance Amount

Fee Amount

Acquisition Cost

Renovation Cost

Effective Gross Income

Turnover Costs

Repairs and Maintenance

Marketing and Leasing Costs

Utilities

Other Costs

Cap Ex Reserve

Section 8

Blanket Mortgage/Cross Collateral Flag

Number of Years Property Owned

Number of Mortgaged Properties With Lender

Number of Properties Securing Loan

Foreign National Alternative Credit Documentation

Months Reserves

Loan Closed in the name of Business Entity

Vested Business Entity Name

Vested Business Entity Type

Qualifying Primary Borrower Type

Qualifying Primary Borrower First Name

Qualifying Primary Borrower Last Name

Qualifying CoBorrower Type

Qualifying CoBorrower First Name

Qualifying CoBorrower Last Name

Qualifying CoBorrower 2 Type

Qualifying CoBorrower 2 First Name

Qualifying CoBorrower 2 Last Name

Qualifying CoBorrower 3 Type

Qualifying CoBorrower 3 First Name

Qualifying CoBorrower 3 Last Name

Non-Qualifying Guarantor 1 First Name

Non-Qualifying Guarantor 1 Last Name

Non-Qualifying Guarantor 1 Citizenship

Non-Qualifying Guarantor 1 Country Name

Non-Qualifying Guarantor 2 First Name

Non-Qualifying Guarantor 2 Last Name

Non-Qualifying Guarantor 2 Citizenship

Non-Qualifying Guarantor 2 Country Name

Personal Guaranty

Total Number of Guarantors

Personal Guaranty Recourse Level

Business Entity EIN

Primary Appraisal Occupancy

xxxxxx2401

XXXX

Debt Service Coverage Ratio

Present

No - Owner Occupied

4100

Appraisal - 1007

N/A

4100

Appraisal - 1007

89.63

1.116

3674.93

4100

5.7

N/A

4.9

XXXX

Vested Individual

XXXX

N/A

XXXX

Owner

xxxxxx2726

XXXX

Debt Service Coverage Ratio

Present

Yes

1650

1700

Appraisal - 1007

N/A

1650

Actual In Place Rent

89.39

1.12

1.119

1474.97

1650

03-31-2027

Yes

40000

102000

1650

0.3

N/A

91.32

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Business Entity

XXXX

N/A

XXXX

Tenant

xxxxxx2536

XXXX

Debt Service Coverage Ratio

Present

Yes

850

1350

Appraisal - 1007

N/A

850

Actual In Place Rent

82.86

1.207

704.35

850

04-21-2026

60000

850

1.1

N/A

25.27

XXXX

Vested Individual

XXXX

Vested Individual

XXXX

N/A

XXXX

Tenant

xxxxxx1680

XXXX

Debt Service Coverage Ratio

Present

Yes

1275

1300

Appraisal - 1007

N/A

1275

Actual In Place Rent

70.72

1.414

901.64

1275

04-01-2027

Yes

5409.84

65500

1275

0.5

N/A

23.94

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Tenant

xxxxxx2517

XXXX

Debt Service Coverage Ratio

Present

Yes

1700

1750

Appraisal - 1007

N/A

1700

Actual In Place Rent

89.5

1.117

1521.46

1700

03-31-2027

Yes

18257.52

140000

1700

1.0

N/A

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Tenant

xxxxxx4166

XXXX

Debt Service Coverage Ratio

Present

No - Vacant

1975

Appraisal - 1025

N/A

1975

Appraisal - 1025

49.98

1.905

2.001

987.04

Yes

39825

1975

3.3

N/A

29.62

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Individual Guarantor

XXXX

Business Entity

XXXX

Yes

Full Recourse

XXXX

Vacant

xxxxxx4661

XXXX

Debt Service Coverage Ratio

Present

2750

Appraisal - 1007

2750

Appraisal - 1007

103.73

0.964

2852.65

Yes

10000

2750

0.0

N/A

60.52

Yes

XXXX

Limited Liability Corporation (LLC)

Individual

XXXX

Individual

XXXX

Vacant

xxxxxx2306

XXXX

Debt Service Coverage Ratio

Present

Yes

2400

2350

Appraisal - 1007

N/A

2350

Appraisal - 1007

77.48

1.29

1.291

1820.75

2400

04-01-2028

Yes

69280

2350

9.1

N/A

79.2

XXXX

Vested Individual

XXXX

N/A

XXXX

Tenant

xxxxxx3434

XXXX

Debt Service Coverage Ratio

Present

Yes

1200

Appraisal - 1007

N/A

1200

Actual In Place Rent

99.25

1.009

1189.77

1200

02-28-2027

Yes

28310

1200

3.5

N/A

6.25

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Business Entity

XXXX

Yes

Full Recourse

XXXX

Vacant

xxxxxx2314

XXXX

Debt Service Coverage Ratio

Present

No - Vacant

1200

Appraisal - 1007

N/A

1200

Appraisal - 1007

97.57

1.025

1170.82

Yes

10000

55000

1200

0.7

N/A

23.48

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Business Entity

XXXX

Yes

Full Recourse

XXXX

Vacant

xxxxxx4953

XXXX

Debt Service Coverage Ratio

Present

No - Vacant

2500

Appraisal - 1007

N/A

2500

Appraisal - 1007

89.15

1.122

2228.73

Yes

22744.72

420000

2500

0.2

N/A

5.75

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Business Entity

XXXX

Yes

Full Recourse

XXXX

Vacant

Loan ID	Seller Loan ID	Investor Loan ID	Transaction ID	Field Name	Source	Verified Value	Bid Tape Value	Comment
xxxxxx0576		XXXX	XXXX	XXXX	assetPage	XXXX	XXXX	XXXX
xxxxxx0576		XXXX	XXXX	XXXX	diligenceFinalLookPage	XXXX	XXXX	XXXX
xxxxxx1680		XXXX	XXXX	XXXX	the1008Page	XXXX	XXXX	XXXX
xxxxxx1680		XXXX	XXXX	XXXX	creditLiabilitiesPage	XXXX	XXXX	XXXX
xxxxxx1680		XXXX	XXXX	XXXX	notePage	XXXX	XXXX	XXXX
xxxxxx1680		XXXX	XXXX	XXXX	1003OcrPage	XXXX	XXXX	XXXX
xxxxxx1680		XXXX	XXXX	XXXX	1003OcrPage	XXXX	XXXX	XXXX
xxxxxx1680		XXXX	XXXX	XXXX	1003OcrPage	XXXX	XXXX	XXXX
xxxxxx1680		XXXX	XXXX	XXXX	diligenceFinalLookPage	XXXX	XXXX	XXXX
xxxxxx2517		XXXX	XXXX	XXXX	notePage	XXXX	XXXX	XXXX
xxxxxx2517		XXXX	XXXX	XXXX	notePage	XXXX	XXXX	XXXX
xxxxxx2517		XXXX	XXXX	XXXX	assetPage	XXXX	XXXX	XXXX
xxxxxx2517		XXXX	XXXX	XXXX	complianceDetailPage	XXXX	XXXX	XXXX
xxxxxx4166		XXXX	XXXX	XXXX	propertyValuationPage	XXXX	XXXX	XXXX
xxxxxx4166		XXXX	XXXX	XXXX	assetPage	XXXX	XXXX	XXXX
xxxxxx4166		XXXX	XXXX	XXXX	diligenceFinalLookPage	XXXX	XXXX	XXXX
xxxxxx4661		XXXX	XXXX	XXXX	assetPage	XXXX	XXXX	XXXX
xxxxxx2306		XXXX	XXXX	XXXX	the1008Page	XXXX	XXXX	XXXX
xxxxxx2306		XXXX	XXXX	XXXX	diligenceFinalLookPage	XXXX	XXXX	XXXX
xxxxxx3434		XXXX	XXXX	XXXX	complianceDetailPage	XXXX	XXXX	XXXX
xxxxxx2314		XXXX	XXXX	XXXX	the1008Page	XXXX	XXXX	XXXX
xxxxxx2314		XXXX	XXXX	XXXX	notePage	XXXX	XXXX	XXXX
xxxxxx2314		XXXX	XXXX	XXXX	notePage	XXXX	XXXX	XXXX
xxxxxx2314		XXXX	XXXX	XXXX	1003OcrPage	XXXX	XXXX	XXXX
xxxxxx2314		XXXX	XXXX	XXXX	diligenceFinalLookPage	XXXX	XXXX	XXXX
xxxxxx2314		XXXX	XXXX	XXXX	1003OcrPage	XXXX	XXXX	XXXX
xxxxxx4953		XXXX	XXXX	XXXX	assetPage	XXXX		XXXX