Exhibit 99.4

EXECUTIVE SUMMARY

SAN 2026-NQM8

By Clarifii LLC on September 15, 2026

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CLARIFII CONTACT INFORMATION

Christine Aug		Jason Luttenberger
Vice President of Due Diligence		President and Chief Operating Officer
Phone: 813.735.4487		Phone: 917.742.7797
E-mail: Christine.Aug@Clarifii.com		E-mail: Jason.Luttenberger@Clarifii.com

OVERVIEW

Clarifii LLC (“Clarifii”) conducted an independent third-party pre-securitization due diligence review (the “Review”) of 73 Loans (the “Loans”) originated by a correspondent lender and acquired by Santander Bank N.A. (SBNA) (the “Client”) for the SAN 2026-NQM8 transaction. The Loans referenced in this narrative report were reviewed between 01/2026 to 07/2026 by Clarifii. This narrative report provides information about the scope of work performed by Clarifii, and the results of Clarifii’s review.

ORIGINATORS

Origination channels for the Loans in this review:

Origination Channel	Loan Count	% of Pool	Original Balance
Retail	4	5.48%	$1,298,500.00
Wholesale	69	94.52%	$38,018,129.00
Total	73	100.00%	$39,316,629.00

The Review consisted of a population of 73 Loans, with an aggregate principal balance of $39,316,629.00.

CLARIFII’S THIRD PARTY REVIEW (TPR) SCOPE OF WORK

The scope of work for this transaction consisted of credit, property valuation, and regulatory compliance reviews, plus a data integrity check, and were performed in accordance with rating agency loan level review standards in place as of the date of the review.

LOAN SAMPLING

The Clients defined the sample size and requested Clarifii to perform a random sample of the Loans to be included in the Review. To Clarifii’s knowledge, the Review covered 100% of the transaction Loan population.

The Review was conducted consistent with the criteria for the Nationally Recognized Statistical Rating Organizations (“NRSROs”) specified below:

Identity of NRSRO

Title and Date of Criteria

S&P Global Ratings

Global Methodology And Assumptions: Assessing Pools Of Residential Loans, January 25, 2019;

Global Methodology And Assumptions: Assessing Pools Of Residential Loans--U.S. And Canada Supplement, February 21, 2025

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DATA INTEGRITY

Clarifii performed a data comparison review of the data fields provided by the Clients on the Loan tape to the data found in the Loan file as captured by Clarifii. This comparison, when specific data was available, included the following data fields and tolerance levels noted below.

Data Comparison Field

Amortization Term

Blanket Mortgage Flag

Borrower 1 Bankruptcy in past 7 years?

Borrower 1 Credit Report Date

Borrower 1 First Name

Borrower 1 FTHB

Borrower 1 Last Name

Borrower 1 Qualifying Income

Borrower 1 SSN

Borrower 2 First Name

Borrower 2 Last Name

Borrower 2 Qualifying Income

Calculated DSCR

Cash Disbursement Date

Cash out Include Debt Paid at Close

First Payment Date

Initial Monthly P&I Or IO Payment

Interest Only Flag

Interest Only Term

Interest Rate

Investor Loan ID

Lien Position

Loan Amount

Loan ID

Loan Program

Loan Purpose

Maturity Date

MIN No

Note Date

Note Type

Number of Units

Occupancy

Origination Foreclosure Flag

Originator Doc Type

Originator QM Status

Payment Frequency

Prepayment Penalty Calculation

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Prepayment Penalty Flag

Prepayment Penalty Total Term

Primary Appraised Property Value

Property Address

Property Attachment Type

Property City

Property County

Property State

Property Type

Property Zip Code

Qualifying Amortization Term

Qualifying CLTV

Qualifying FICO

Qualifying Housing Debt Income Ratio

Qualifying LTV

Qualifying Total Debt Income Ratio

Qualifying Total Housing Expense PITIA

Qualifying Total Reserves Number of Months

Sales Price

Term

Total Qualified Assets Available For Reserves

Total Qualifying Income

CREDIT UNDERWRITING

Clarifii reviewed each Loan file to determine the adherence to defined underwriting or credit extension guidelines, standards, criteria, or other requirements provided by Clients, including, as applicable, Ability to Repay and Qualified Mortgage requirements. The Credit Qualification review consisted of the following:

Loan Attributes

To determine borrower program eligibility, Clarifii verified the following Loan attributes and, where applicable, recalculated based on the information provided:

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Assets and Reserves

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Gross Income

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Lien Position

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Loan Purpose

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Housing History

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Loan to Value Ratio (LTV) and Combined Loan to Value Ratio (CLTV)

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Monthly Debt

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Occupancy

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Property Type

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Qualifying principal, interest, tax, insurance, and association dues (PITIA)

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Debt to Income Ratio (DTI)

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Residual Income

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Debt Service Coverage Ratio (DSCR)

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Credit Application

Clarifii verified the following items per the Uniform Residential Loan Application Form 1003 (1003):

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All known borrower-owned properties are disclosed on the Real Estate Owned (REO) Section 2

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Borrower(s) employment history

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Citizenship and eligibility

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First time home buyer status

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The application was signed by all borrowers

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The application was substantially complete

Credit History

Clarifii verified the following items:

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A credit report or alternative credit history as applicable to Loan type is present for each borrower

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Bankruptcy and foreclosure seasoning

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Captured the monthly consumer debt payments for use in the applicable DTI calculation

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Installment and revolving payment history

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Mortgage/Rental payment history

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Verified and reviewed Real Estate Owned, Office of Foreign Assets Control (OFAC) search, and Fraud Alerts

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Number of tradelines

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Credit Score(s) and Qualifying Score Methodology

Employment and Income

When applicable, Clarifii determined whether all supporting documentation as required by the guidelines and Ability to Repay/Qualified Mortgage Rule (ATR/QM) were complete and accurate. The documentation was used to verify whether the income used to qualify the Loan was calculated in accordance with the guidelines. Documentation verified employment and income were deemed acceptable if it was a third-party document as required by the guidelines and ATR when applicable and may include:

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Tax returns

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Financial statements

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Paystubs

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IRS Form W-2s

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IRS Form 1099

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IRS documents

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Bank statements

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Lease agreements

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Award letters

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Other documentation in Loan file

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Asset documents were reviewed to determine any large deposits and appropriate sourcing of funds

Property Insurance and Taxes

Clarifii confirmed the presence of the insurance and tax information for the following:

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Confirmed that the flood certification is for the correct borrower, property, lender, and Loan number and is a “Life of Loan” certification

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

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Confirmed that the premium amount on both the hazard and flood insurance match figures from the DTI calculations

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For condominium properties, confirmed that the blanket policy meets the minimum amount of coverage in the guidelines

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For properties in a flood zone, per the flood certification, confirmed that flood insurance meets guideline requirements in the file and met the minimum required amount of coverage in the guidelines

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Reviewed Tax Certificate to verify and compare monthly escrows used to calculate DTI matches and taxes are current

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

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Debt Service Coverage Ratio (DSCR)

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Calculated DSCR, as required by guidelines

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Confirmed documentation requirements have been met

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Summed principal and interest or interest payment, along with taxes, insurance and HOA payments to arrive at monthly property expense. This summed amount is used as the denominator to the monthly lease or estimated lease income, as required by guidelines

DOCUMENT REVIEW

Clarifii reviewed each Loan file and verified if the following documents were included in the file and if the data on these documents was consistent (where applicable):

Initial and Final 1003 Application

Note

Mortgage/Deed of Trust

Appraisal

Sales Contract

Title Commitment/Policy

Junior Lien/Subordination Agreement

Mortgage Insurance

Underwriting Approval Documentation inclusive, but not limited to documents listed in the Credit Review section

Flood Certification

Initial and Final Loan Estimate (LE)

Initial and Final and Closing Disclosure (CD)

Post-Consummation Closing Disclosure (PCCD), as applicable

COMPLIANCE REVIEW

Clarifii reviewed each Loan file, when applicable, and verified that it was consummated in compliance with the applicable federal, state, and local anti-predatory lending statutes in effect at the time of origination of the mortgage loan. Compliance verification and validation that each mortgage Loan met the relevant provisions of:

Anti-Predatory Lending Requirements, that are imposed by federal, state and/or local statutory, regulatory, or authoritative determinations (e.g., state constitutional provisions, ordinances, interpretations, judicial determinations, etc.) that impose civil or criminal liability upon the Assignee or may cause significant loss severity to the value of the Loan, including the Home Ownership and Equity Protection Act (HOEPA) and any state and local high-cost home loan laws. Assignee shall have the meaning as defined in the Truth in Lending Act (TILA).

Truth in Lending Act (TILA), as amended by HOEPA, 15 U.S.C. §1601 et seq., as implemented by Regulation Z, 12 C.F.R. Part 1026

Real Estate Settlement Procedures Act (RESPA), 12 U.S.C. §2603, as implemented by Regulation X, 12 C.F.R. Part 1024

Equal Credit Opportunity Act (ECOA), 15 U.S.C. §1691, as implemented by Regulation B, 12 C.F.R. §1001.1(b)

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Compliance Documentation Requirements

Clarifii reviewed the following documents as they related to regulatory compliance:

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Initial and final application (1003)

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Note, including all addendums

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Copy of note for any junior liens (if applicable)

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Mortgage / Deed of Trust, including all riders

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Initial, Interim, and Final Loan Estimates (LE)

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Initial CD (i.e., the CD required to be received by the borrower(s) at least 3 business days prior to consummation) and re-disclosed CDs (as applicable and permitted by TILA/Regulation Z)

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Notice of Right to Cancel (when applicable)

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Rate Lock Date

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HOEPA Disclosures (when applicable)

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Initial Escrow Account Disclosure

Anti-Predatory Lending (Assignee Liability)

Loans were reviewed for violations of federal, state & local high cost, higher-priced and/or consumer finance laws and regulations that carry Assignee Liability, including those defined below. Any Loan that is determined to be classified and/or defined as high cost, higher-priced, subprime, threshold, predatory high risk, covered or similar classification/definition was reported.

Compliance Testing of Truth-in-Lending Act (TILA)/Regulation Z Elements

Clarifii reverified and retested, when applicable, the following TILA and Regulation Z elements:

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TILA/RESPA Integrated Disclosure Testing (TRID)

Reviewed and compared LEs and CDs with a report outlining any TILA violations, including a recalculation of disclosed finance charges, principal and interest calculations, proper completion of the Projected Payments table, total of payments, finance charges, amount financed, recalculation of disclosed APR and a review to determine if disclosure differences were within the allowed tolerances and disclosures were provided within the required timeframes. Testing was conducted to fulfill the elements Structured Finance Association (SFA) TRID Compliance Review Scope (“TRID Grid 3.0” v.12/05/2019).

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Right of Rescission

Reviewed the TILA Right of Rescission, Notice of Right to Cancel, including a verification of the transaction date and expiration date, ensured proper execution of the Notice of Right to Cancel by all required parties, verified the disbursement date and determined if a full three (3) day rescission period was provided to the borrower(s). The appropriate Model Form was tested according to applicable U.S. Court of Appeals, Circuit Court rulings.

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Qualified Mortgage and Ability to Repay

Reviewed to ensure the mortgage loan meets the applicable Qualified Mortgage (“QM”) and Ability-to-Repay (“ATR”) requirements as set forth in regulations promulgated by the Consumer Financial Protection Bureau as found at 12 CFR § 1026.43.

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Real Estate Settlement Procedures Act (RESPA)/Regulation X

Reviewed to ensure compliance with RESPA/Regulation X documentation and timing requirements in effect at origination of the mortgage loan for RESPA disclosures (Servicing Disclosure Statement; Affiliated Business Arrangement Disclosure; Initial Escrow Disclosure Statement; List of Homeownership Counselling Organizations).

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Equal Credit Opportunity Act (ECOA)/Regulation B

Confirmed compliance with the January 18, 2014, requirements regarding the disclosure of the right to receive a copy of appraisals within three (3) business days of application, the right to receive a copy of the appraisals at least three (3) business days prior to consummation and any applicable waiver. The disclosure of the right to receive a copy of appraisals was met by the disclosure on the Loan Estimate pursuant to 12 CFR § 1026.27(m)(1).

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Fair Credit Reporting Act (FRCA)/Regulation V

Confirmed compliance with the current FCRA/Regulation V requirements regarding risk-based pricing notice, credit score disclosure and Notice to Home Loan Applicant, as applicable.

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Miscellaneous Compliance Testing

Mandatory Arbitration – Clarifii reported mandatory arbitration provisions present in the Loan file.

Single Premium Credit Insurance – Clarifii reported single premium credit insurance policies or debt cancellation agreements present in the Loan file.

State prepayment and late charge restrictions – Clarifii reported instances where a prepayment penalty that exceeds the state permitted penalty has expired.

State and Local Anti-Predatory Requirements

The following is an itemization of the current and historical state and local anti-predatory lending requirements, considered customary in secondary market due diligence compliance testing and reviewed by Clarifii:

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Arkansas Home Loan Protection Act, Ark. Stat. Ann. § 23-53-101 et seq.

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California Anti-Predatory Lending (“Covered Loan”, Cal. Fin. Code § 4970 et seq.

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California Higher-Priced Mortgage Loan (“CA HPML”), Cal. Fin. Code §4995 et seq.

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Colorado Consumer Equity Protection Act, Colo. Rev. Stat. § 5-3.5-101 et seq.

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Connecticut Abusive Home Loan Lending Practices Act, Conn. Stat. Ann. §36a-746 et seq. and the Responsible Lending and Economic Security Act, Conn. House Bill 5577 (2008).

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Connecticut Nonprime Home Loans, Conn. Gen. Stat. §§ 36a-760 et seq. (2008-2009) and (2009-Current)

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District of Columbia Home Loan Protection Act of 2002, D.C. Official Code § 26-1151.01 et seq., as implemented by 20 D.C. Municipal Reg. § 2000.1 et seq. as well as DC Mortgage Disclosure Act of 2007.

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Florida Fair Lending Act, Fla. Stat. Ann. § 494.0078 et seq. (2002 – 2014).

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Georgia Fair Lending Act, Ga. Stat. Ann. § 7-6A-1 et seq. (as originally enacted by House Bill 02-1361 and as modified by Senate Bill 03-53).

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Idaho Residential Mortgage Practices Act, Idaho Code § 26-3101 et seq. (2003).

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Illinois High Risk Home Loan Regulations, 38 Ill. Admin. Code § 345.10 et seq. (Repealed)

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Illinois High Risk Home Loan Act, Public Act. 93-0561 (2003), Ill. Comp. Stat. tit. 815 §§ 137/1 et seq. (2004).

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Illinois Predatory Lending Database Program, Public Act 95-0691 (SB 1167).

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City of Chicago, Illinois, Anti-Predatory Lending Ordinance, Chicago Municipal Code, §§ 2-32-440; 2-32-455; 2-92-325; 4-4-155; 8-4-325.

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Cook County, Illinois, Anti-Predatory Lending Ordinance, Ordinance No. 240864 (2001) as amended by Illinois SB 1167 (2007).

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Indiana Home Loan Practices Act, as amended by HB 1179 (2005) Ind. Code § 24-9-1 et seq.

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Kansas Consumer Credit Code, Section 16a-3-308a, Kan. Stat. Ann. § 16a-1-101 et seq. 16.

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Kentucky Anti-Predatory Lending Statute, as amended by Kentucky House Bill 552 (2008), Ky. Rev. Stat. § 360.100 et seq.

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Maine, An Act to Enhance Consumer Protections in Relation to Certain Mortgages, 9A Me. Rev. Stat. Ann. §§ 8-103(1); 8-206(8); 8-206A and Maine Legislative Document 1869 (2007), 2125 (2008) and 1439 (2009), and regulation Z-3.

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Maryland Commercial Law, Mary. Stat. Ann. §§ 12-124.1; 12-127; 12-409.1; 12-1029 and as amended by Maryland Senate Bill 270 (2008) and Maryland Regulations under the Maryland Mortgage Lender Law (2009).

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Maryland Regulations for Higher Priced Mortgage Loans, as promulgated under the Maryland Mortgage Lender Law, Md. Code Ann., Fin. Instit. Code §§ 11-501 et seq.; Md. Code Regs. §§ 09.03.06.01 et seq.

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Massachusetts High-Cost Mortgage Regulations, 209 CMR § 32.32 et seq. including MA House Bill 4387 (2008) 20. Massachusetts Predatory Home Loan Practices Act, M.G.L. Chapter 183I.

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Massachusetts “Borrower’s Interest” Standard, M.G.L. Chapter 183, §28C.

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Massachusetts Mortgage Lender and Broker Regulations, 940 CMR § 8.00 (15-17).

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Massachusetts Regulations for Higher Priced Mortgage Loans, 209 Mass. Code Regs. §§ 32.00 et seq.

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Massachusetts Subprime ARMs to First Time Homebuyers, M.G.L. Chapter 184, §17B.5.

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Michigan Consumer Mortgage Protection Act, Mich. Stat. Ann. § 445-1631 et seq.

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Minnesota Mortgage Originator and Service Licensing Act, § 58.137 et al. (S.F. 2988 (2002) and as amended by House File 1004 and SF 98 (2007) and SF 3154 and 3214 (2008).

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Nebraska Mortgage Bankers Registration and Licensing Act, Neb. Stat.§ 45-702 et seq.

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Nevada Anti-Predatory Lending Law, AB No. 284 (2003), as amended by AB 4 (2007), Nev. Rev. Stat. § 598D.010 et seq.

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New Jersey Home Ownership Security Act of 2002, NJ Stat. Ann. § C:46:10B-22 et seq.

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New Mexico Home Loan Protection Act, SB 449 (2003) and as amended by SB 342 (2009), N.M. Stat. Ann. § 58-21A-1 et seq.

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New York High-Cost Home Loan Regulations (1A – Original Part 41), 3 NYCCR Part 41 (2001).

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New York High-Cost Home Loan Act (1B - § 6-l), N.Y. Bank. L. Ch. 626., as implemented by 3 NYCCR Part 41 (2003) and as amended by Senate Bill 8143-A (2008).

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New York Subprime Home Loans, NY Bank. Law § 6-m.

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North Carolina Anti-Predatory Lending Law, N.C. Gen. Stat. §§ 24-1.1A to 24-10.2 and North Carolina Amendments to Anti-Predatory Lending Law, N.C. Gen. Stat. §§ 24-9; 24-1.1I(a); 24-10.2(a) as amended.

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Ohio Anti-Predatory Lending Statute, HB 386, as amended by S.B. 185 (2006), Ohio Rev. Code Ann. § 1.63.

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Ohio Consumer Sales Practices Act, Ohio Rev. Code Ann. § 1345.01, as implemented by Ohio Admin. Rules § 109 4-3-01 et seq.

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City of Cleveland Heights, Ohio, Anti-Predatory Lending Ordinance, Ordinance No. 72-2003.

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Summit County, Ohio, Anti-Predatory Lending Ordinance, Ordinance No. 2004-618, Muni. Code §§ 201.01 et seq.

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Oklahoma Anti-Predatory Lending Law, House Bill No. 1574 (2003).

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Oklahoma Higher-Priced Mortgage Loans Law, Okla. Admin. Code §§ 160:45-9-1 et seq.

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Pennsylvania Consumer Equity Protection Act, 63 Pa. Cons. Stat. Ann. § 456.501 et seq.

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City of Providence, Rhode Island Predatory Lending Ordinance, Ordinance No. 245, Chapter 2006-33 as amended.

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Rhode Island Home Loan Protection Act, Chapter 25.2 of Title 34 of RI Gen. L. et seq., as implemented by Emergency Banking Regulation 3 (2006) and Final Banking Regulation 3 (2007) and amended by Senate Bill 371 (2007).

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South Carolina High-Cost and Consumer Home Loans Act, S.C. Code § 37-23-10 et seq.

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South Carolina Consumer Protection Code, S.C. Code 37-1-101 et seq.

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Tennessee Home Loan Protection Act of 2006, TN Code Annotated, Title 47 et seq.

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Texas High-Cost Home Loan Statute, TX. Fin. Code Ann. § 343.201 et seq.

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The disclosure requirements and prohibitions of Section 50(a)(6) and 50(f)(2) of Article XVI of the Texas Constitution

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Utah Residential Mortgage Practices Amendments, Utah Code Ann. § 61- 2c-102 et seq.

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Utah High Cost Home Loan Act, Utah Code § 61-2d-101 et seq.

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Vermont Interest Act, 9 V.S.A. § 104, implemented by Regulation B-98-2.

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Virginia Mortgage Lender and Broker Act (for Loans originated prior to July 1, 2003), Va. Code Ann. §§ 6.1-413; 6.1-422, 6.1-428.

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Virginia Mortgage Lender and Broker Act (for Loans originated after July 1, 2003), Va. Code Ann. §§ 6.1-411; 6.1-422.1, 6.1-425.1; 6.1-425.2.

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Washington House Bill 2770, Mortgage Lending and Homeownership, Chapter 108, Laws of 2008.

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West Virginia Residential Mortgage Lender, Broker and Servicer Act, W.Va. Code § 31-17-1 et seq.

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Wisconsin Responsible High Cost Mortgage Lending Act, Wis. Stat. § 428.202.

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Wyoming Credit Code, Wyo. Stat. Ann. §§ 40-14-101 et seq.

Business Purpose Loan Compliance Review

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Non-Owner Occupied Declaration Disclosure

Verify reflects correct address

Verify application address is different from subject property

Verify executed by all borrowers

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Review Note accuracy and properly executed

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Review Mortgage and applicable riders for accuracy and properly executed

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Occupancy Letter (must state that borrower(s) will not reside in the property

– HMDA section (Information for Government Monitoring Purposes) of the application (initial and/or final)

– If property is in a flood zone, Flood Notice must be provided prior to closing

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Right to Receive Copy of Appraisal or Appraisal Waiver Disclosure

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Letter of Explanation detailing the use of proceeds.

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Borrower’s statement of purpose for the Loan.

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State License requirements when applicable

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State Predatory lending and high cost when applicable

QUALIFIED MORTGAGE (QM)

With respect to QM (Safe Harbor and Rebuttable Presumption) designated Loans, Clarifii reviewed the Loan to determine whether, based on available information in the Loan file, (i) the Loan contained risky Loan features and terms (e.g. an interest only feature or negative amortization), (ii) the “points and fees” exceeded the applicable QM threshold, (iii) the monthly payment was calculated appropriately, (iv) the creditor considered and verified income or assets at or before consummation, (v) the creditor appropriately considered debt obligations, alimony and child support, and (vi) at the time of consummation, if the debt-to-income ratio exceeded 43% (calculated in accordance with Appendix Q to Regulation Z). This portion of the Review included a recalculation of all income and liabilities with attention to the appropriate documentation of each source.

If a Loan was designated as QM and identified as eligible for guarantee, purchase, or insurance by an applicable Agency, as permitted under the QM final rule, Clarifii reviewed the Loan to determine whether, based on available information in the Loan file the Loan satisfied (i), (ii) and (iii) in the preceding paragraph and reviewed the Automated Underwriting System output within the file to confirm agency eligibility.

For each QM designated Loan that satisfied the applicable requirements enumerated above, Clarifii then determined whether the Loan was a Safe Harbor QM or Rebuttable Presumption QM by comparing the Loan’s actual annual percentage rate, as recalculated, to the applicable average prime offer rate plus a certain applicable percentage.

ABILITY TO REPAY (ATR)

Clarifii reviewed the Loan to determine whether, based on available information in the 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 focused 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.

Note: for Loans designated as QM – Agency eligible (QM – Temporary), Clarifii did not review for compliance with the requirements of Appendix Q or General Ability to Repay.

Clarifii reviewed Loans to determine their conformity with the ATR/QM factors above, and did not render an independent assessment or opinion, warranty or represent that a 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). Clarifii does not represent or warrant that the factors for which it has reviewed that the Loans constitute all the factors and/or criteria that Authorities may consider in determining the status of a Loan.

Clarifii’s review was based on information contained in the Loan file at the time it was provided for review.

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VALUATION REVIEW

Clarifii reviewed all appraisals and alternative value tools used to qualify the Loan for reasonableness of estimated value, comparable sales, completeness of data and eligibility of the appraiser, compared to underwriting guidelines, variances, and tolerances. Clarifii determined that the appraised value appeared to be supported, based on the valuation provided by the Independent Third-party Review.

	·	Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA)
		Clarifii checked for the presence of the appraiser’s license and reviewed for the presence of any red flags related to the mortgaged property that may have posed a risk to the property or occupants.

	·	Uniform Standards of Professional Appraisal Practice (USPAP)
		Clarifii confirmed the appraiser’s certification is present and executed within the original appraisal.

INDEPENDENT THIRD-PARTY VALUES

Clarifii applied a cascade methodology to determine if the original appraisal value was reasonably supported when compared to an independent third-party valuation product.

Valuation Reconciliation Process:

If the AVM (Automated Valuation Model) supported the origination appraised value within -10% variance, no additional products were required.

If the Desk Review supported the origination appraised value within a -10% variance, no additional products were required.

In the event the Desk Review process yielded material exceptions or had a value exceeding a negative ten percent (-10%) variance, a field review was ordered to further establish the supported value, unless guidelines allowed for the use of the lower Desk Review or Broker Price Opinion value for purpose of LTV/CLTV/HCLTV.

Uniform Collateral Data Portal (UCDP) Risk Score:

For Loans with a Fannie Mae Collateral Underwriter Score (CU), if an CU Score was available and the CU Score was greater than 2.5, a Desk Review was either reviewed in the Loan file or ordered by Clarifii. If the CU Score was less than or equal to 2.5, a Desk Review was not obtained/required based on market acceptance of UCDP Risk Score.

For Loans with a Freddie Mac Loan Collateral Advisor Score (LCA), if an LCA Score was available and the LCA Score was greater than 2.5, a Desk Review was either reviewed in the Loan file or ordered by Clarifii. If the LCA Score was less than or equal to 2.5, a Desk Review was not obtained/required based on market acceptance of UCDP Risk Score.

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VALUATION RESULTS SUMMARY

The table below summarizes the Loans that contained independent third-party valuation product as well as Loans with acceptable UCDP Risk Scores:

Valuation Product	# of Files – No Hit	# of Files > -10% Variance to OA or Confidence < 80%	Number of Files within - 10% of OA or Acceptable UCDP Risk Score
AVM	0	0	7
BPO	0	0	0
LCA or CU Score <=2.5	0	0	29
Desk Review	0	0	33
Field Review	0	0	1
Second Full Appraisal	0	0	3

DUE DILIGENCE GRADING CRITERIA

Upon completion of the Loan file due diligence review, Clarifii assigned comprehensive grading that considers critical factors based on the specific review completed, in addition to product, clients, and rating agency requirements.

The National Recognized Statistical Rating Organizations (NRSRO) criteria referenced for this report and utilized for grading descriptions is based upon the NRSRO listed in the Asset-Backed Securities Form ABS Due Diligence-15E.

Final Event Grade

A	Loan meets Credit, Compliance, and Valuation Guidelines.
B	The Loan materially meets published Client/Seller guidelines and/or eligibility in the validation of income, assets, or credit, is in material compliance with all applicable laws and regulations, and the value and valuation methodology is supported and materially meets published guidelines.
C	The Loan does not meet the published guidelines and/or violates one material law or regulation, and/or the value and valuation methodology is not supported or did not meet published guidelines.
D	Loan is missing documentation to perform a sufficient review.

Credit Event Grade

A	The Loan meets the published guidelines without any exceptions. The employment, income, assets, and occupancy are supported and justifiable. The borrower’s willingness and ability to repay the Loan is documented and reasonable.
B	The Loan materially meets the published guidelines, but reasonable compensating factors were considered and documented for exceeding published guidelines. The employment, income, assets, and occupancy are supported and justifiable. The borrower’s willingness and ability to repay the Loan is documented and reasonable.

SAN 2026-NQM8 Due Diligence Narrative Report – PagE | 14

C The Loan does not materially meet the published guidelines. There are not sufficient compensating factors that justify exceeding the published guidelines. The employment, income, assets, or occupancy are not supported and justifiable. The borrower’s willingness and ability to repay the Loan were not documented or are unreasonable.

D There was not sufficient documentation to perform a review, or the credit file was not furnished.

Valuation Event Grade

A	The value is supported within 10% of the original appraisal by supporting documents (CDA, Field Review or Second Appraisal). The appraisal was performed on an “as-is” basis and the property is complete and habitable at origination. The appraiser was appropriately licensed and used Government-Sponsored Enterprise (GSE) approved forms.
B	The value is not supported within 10% of the original appraisal by supporting documents and there are other valuation support documents provided to support original value within 10% of the original appraisal. The valuation methodology substantially meets the published guidelines, but reasonable compensating factors were considered and documented for exceeding guidelines. The appraisal was performed on an “as-is” basis and the property is complete and habitable. The appraiser was appropriately licensed and used GSE approved forms.
C	The value is not supported within 10% of the original appraisal. The valuation methodology did not meet the published guidelines and there were not sufficient compensating factors for exceeding published guidelines. The property is in below “average” condition, or the property is not complete or requires significant repairs. The appraisal was not performed on an “as is” basis. The appraiser was not appropriately licensed or did not use GSE approved forms.
D	The file was missing the appraisal or there was not sufficient valuation documentation to perform a review.

Compliance Event Grade

A	The Loan is compliant with all applicable laws and regulations. The legal documents accurately reflect the agreed upon Loan terms and are executed by all applicable parties.
B	The Loan is in material compliance with all applicable laws and regulations. The legal documents accurately reflect the agreed upon Loan terms and are executed by all applicable parties. Client review required.
C	The Loan violates one material law or regulation. The material disclosures are missing, or the legal documents do not accurately reflect the agreed upon Loan terms or all required applicants did not execute the documents.
D	There was not sufficient documentation to perform a review, or the required legal documents were not furnished.

SAN 2026-NQM8 Due Diligence Narrative Report – PagE | 15

CLARIFII DUE DILIGENCE RESULTS

Below are the final overall Loan grades for this review, as well as the credit, property valuation, and regulatory compliance component review grades.

Final Overall Loan Grade Results

Overall Review Results
Overall	Loan Count	% of Pool
A	59	80.82%
B	14	19.18%
C	0	0.00%
D	0	0.00%
Total	73	100.00%

The overall grade summary reflects the combination of the credit, property valuation and regulatory compliance component reviews into one overall grade. The overall grade assigned is the most severe grade from each of the component reviews.

Final Credit Component Grade Results

Credit Grade Summary
Credit	Loan Count	% of Pool
A	62	84.93%
B	11	15.07%
C	0	0.00%
D	0	0.00%
Total	73	100.00%

Final Property Valuation Grade Results

Property Grade Summary
Property	Loan Count	% of Pool
A	73	100.00%
B	0	0.00%
C	0	0.00%
D	0	0.00%
Total	73	100.00%

SAN 2026-NQM8 Due Diligence Narrative Report – PagE | 16

Final Regulatory Compliance Grade Results

Compliance Grade Summary
Compliance	Loan Count	% of Pool
A	70	95.89%
B	3	4.11%
C	0	0.00%
D	0	0.00%
Total	73	100.00%

ADDITIONAL LOAN SUMMARY DETAILS

Amortization Type

Amortization Type	Loan Count	% of Pool	Original Balance
Fixed	73	100.00%	$39,316,629.00
Total	73	100.00%	$39,316,629.00

Occupancy

Occupancy	Loan Count	% of Pool	Original Balance
Primary Residence	30	41.10%	$19,561,782.00
Second Home	2	2.74%	$2,637,500.00
Investment	41	56.16%	$17,117,347.00
Total	73	100.00%	$39,316,629.00

Loan Purpose

Loan Purpose	Loan Count	% of Pool	Original Balance
Refinance	40	54.79%	$21,744,347.00
Purchase	33	45.21%	$17,572,282.00
Total	73	100.00%	$39,316,629.00

Lien Position

Lien Position	Loan Count	% of Pool	Original Balance
1	73	100.00%	$39,316,629.00
Total	73	100.00%	$39,316,629.00

SAN 2026-NQM8 Due Diligence Narrative Report – PagE | 17

Original Term

Original Term	Loan Count	% of Pool	Original Balance
480	1	1.37%	$471,500.00
360	72	98.63%	$38,845,129.00
Total	73	100.00%	$39,316,629.00

DATA COMPARE RESULTS

Clarifii provided Clients with a copy of the Loan Level Data Compare Report which shows the differences between the data received by the sellers versus the data captured by Clarifii during the Loan review.

Summary of Data Compare Results

Data Comparison Field	Loans With Discrepancy	Total Times Compared	Accuracy %
Amortization Term	0	1	100.00%
Blanket Mortgage Flag	0	1	100.00%
Borrower 1 Bankruptcy in past 7 years?	0	65	100.00%
Borrower 1 Credit Report Date	4	66	93.94%
Borrower 1 First Name	0	72	100.00%
Borrower 1 FTHB	2	67	97.01%
Borrower 1 Last Name	2	72	97.22%
Borrower 1 Qualifying Income	3	36	91.67%
Borrower 1 SSN	0	5	100.00%
Borrower 2 First Name	0	7	100.00%
Borrower 2 Last Name	0	7	100.00%
Borrower 2 Qualifying Income	0	2	100.00%
Calculated DSCR	4	38	89.47%
Cash Disbursement Date	0	71	100.00%
Cash out Include Debt Paid at Close	0	2	100.00%
First Payment Date	1	73	98.63%
Initial Monthly P&I Or IO Payment	1	73	98.63%
Interest Only Flag	0	5	100.00%
Interest Only Term	0	6	100.00%
Interest Rate	0	73	100.00%
Investor Loan ID	1	1	0.00%
Lien Position	0	5	100.00%
Loan Amount	0	73	100.00%
Loan ID	0	73	100.00%
Loan Program	0	72	100.00%
Loan Purpose	0	73	100.00%

SAN 2026-NQM8 Due Diligence Narrative Report – PagE | 18

Maturity Date	0	73	100.00%
MIN No	0	66	100.00%
Note Date	1	68	98.53%
Note Type	0	6	100.00%
Number of Units	1	73	98.63%
Occupancy	0	72	100.00%
Origination Foreclosure Flag	0	67	100.00%
Originator Doc Type	0	5	100.00%
Originator QM Status	6	63	90.48%
Payment Frequency	0	67	100.00%
Prepayment Penalty Calculation	0	1	100.00%
Prepayment Penalty Flag	2	67	97.01%
Prepayment Penalty Total Term	0	37	100.00%
Primary Appraised Property Value	1	72	98.61%
Property Address	0	73	100.00%
Property Attachment Type	0	1	100.00%
Property City	0	73	100.00%
Property County	0	67	100.00%
Property State	0	73	100.00%
Property Type	3	73	95.89%
Property Zip Code	0	73	100.00%
Qualifying Amortization Term	0	5	100.00%
Qualifying CLTV	0	5	100.00%
Qualifying FICO	0	71	100.00%
Qualifying Housing Debt Income Ratio	0	5	100.00%
Qualifying LTV	0	72	100.00%
Qualifying Total Debt Income Ratio	1	41	97.56%
Qualifying Total Housing Expense PITIA	0	5	100.00%
Qualifying Total Reserves Number of Months	21	69	69.57%
Sales Price	0	33	100.00%
Term	0	67	100.00%
Total Qualified Assets Available For Reserves	16	42	61.90%
Total Qualifying Income	3	36	91.67%

SAN 2026-NQM8 Due Diligence Narrative Report – PagE | 19

CLARIFII THIRD PARTY REPORTS DELIVERED

Clarifii furnished the following reports on this transaction:

Narrative Report/Executive Summary

Attestation Forms

ASF Report

Rating Agency Grade Detail and Summary Report

Data Compare Report

Valuations Report

Rating Agency ATR/QM Report

Supplement Data Extract

Business Purpose Supplement Data Extract Report

Disclaimer

Clarifii LLC (“the Company”) performs due diligence reviews for Residential Mortgage-Backed Securities, as well as, assets, collateral, counterparty operations, and similar diligence reviews in the consumer finance industry. In issuing reports and maintaining the ratings provided for herein, the Company relies on factual information it receives from issuers, underwriters, and from other sources which the Company reasonably believes to be credible. The Company conducts reasonable investigation of the factual information relied upon by it in accordance with its ratings methodology. The Company also makes reasonably good faith attempts to verify the information from independent sources (to the extent such sources are available).

Please be advised that Clarifii has not determined whether the Loans comply with federal, state, or local laws, constitutional provisions, regulations or ordinances, including, but not limited to, licensing and general usury laws that set rate and/or fee limitations, unless listed above. Clarifii’s review is focused on issues that raise concerns for secondary market investors and other assignees, based on potential for assignee liability, an adverse impact on the lien, and regulatory, litigation and headline risk. Clarifii’s review is not designed to fully test a lender’s compliance with all applicable disclosure and licensing requirements. The findings reached by Clarifii are dependent upon its receiving complete and accurate data regarding the Loans from Loan originators and other third parties. Please be further advised that Clarifii and its employees do not engage in the practice of law, and the findings set forth in the reports prepared by Clarifii do not constitute legal advice or opinions.

Ratings, analysis, reports, and other opinions (referred to collectively as “Reports”) issued by the Company are provided “as is” and without representation or warranty of any kind. The Company hereby disclaims any representation or warranty (whether express or implied) as to accuracy, completeness, merchantability, or fitness for a particular purpose. Reports are not a recommendation to buy, sell, or retain any security. All reports are deemed jointly prepared, and no individual shall be exclusively deemed the “author” of any Report. Individuals identified in a Report were involved in, but are not solely responsible for, the contents of any Report.

Unless expressly stated otherwise, Reports do not assess any risk other than credit risk. In particular, any rating or grading in a Report does not take into consideration the risk of any security (or any portion thereof) due to changes in market conditions.

The Company does not provide investment, legal, or tax advice, and the Reports may not be construed as such. Reports are issued for the benefit of the entity requesting the Report, only, and may not be used by third parties without the express written consent of the Company and the requesting party. Reports are based on available information and current regulations as of the date of the Report, and the Company disclaims any obligation to update Reports due to a change of fact of regulation which occurs after the date of issuance.

SAN 2026-NQM8 Due Diligence Narrative Report – PagE | 20

Redaction ID

Loan ID

Seller Loan ID

Investor Loan ID

Lender Application Date

Originator QM Status

Final QM Status

Originator QM Status Difference than Final QM Status?

Reason Why NonQM Final Status

APR Pricing Threshold Exceeded?

QM DTI Threshold Exceeded?

Higher Priced Mortgage Loan (HPML)?

Negatively Amortizing Loan?

Principal Deferment?

Interest Only Flag?

Prepayment Penalty?

Balloon Flag?

Adjustable Rate Balloon?

Loan Term Less Than 5 Years?

QM Points and Fees Threshold Exceeded?

QM Total Points and Fees

APR

ATR: Qualifying Payment Properly Considered?

ATR: Current Employment/Self-Employment Verified?

ATR: Balloon Qualifying Payment Properly Considered?

ATR: Reasonable Income or Assets Considered?

ATR: Subject PITIA Adequately Documented?

ATR: All Liabilities Including Alimony and Child Support in DTI?

ATR: Simultaneous Loan Calculated Properly

ATR: Credit History was Considered Properly?

ATR: Did Lender Document All ATR Factors?

ATR: Was an ATR/QM Residual Income Analysis Provided?

Residual Income

Residual Income Meets Guidelines?

Borrower 1 Employment Indicator

Borrower 2 Employment Indicator

Borrower 1 Foreign National Indicator

Borrower 2 Foreign National Indicator

Business Purpose Loan?

Business Purpose Verified?

973262

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1074552

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1125860

XXXX

QM: Safe Harbor APOR (APOR SH)

31972

7.182

Yes

N/A

Yes

N/A

Yes

97605.86

N/A

Employed

Not Employed

1128606

XXXX

Non-QM: Lender documented all ATR UW factors

QM Points and Fees Exceeded

Yes

15896

7.78

Yes

N/A

Yes

N/A

Yes

5757.27

Yes

Employed

1131867

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1132034

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1135466

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1135558

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1135559

XXXX

QM: Safe Harbor APOR (APOR SH)

5980

7.593

Yes

N/A

Yes

N/A

Yes

N/A

8218.97

Yes

Employed

1135560

XXXX

Non-QM: Lender documented all ATR UW factors

APOR Threshold

Yes

5784

9.188

Yes

N/A

Yes

N/A

Yes

7448.21

Yes

Employed

1136656

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1136660

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1137129

XXXX

QM: Higher Priced APOR (APOR HP)

Yes

11005

8.193

Yes

N/A

Yes

N/A

Yes

14982.91

N/A

Employed

1138224

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1140223

XXXX

Non-QM: Lender documented all ATR UW factors

QM Points and Fees Exceeded

Yes

19686.76

7.482

Yes

N/A

Yes

N/A

Yes

8083.99

N/A

Employed

1140227

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

N/A

Yes

Present

1142028

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1142030

XXXX

QM: Safe Harbor APOR (APOR SH)

12095

6.43

Yes

N/A

Yes

55579.37

Yes

Employed

1142031

XXXX

QM: Safe Harbor APOR (APOR SH)

57782.5

7.119

Yes

N/A

Yes

N/A

Yes

68150.6

N/A

Not Employed

1142032

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1142033

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1152593

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1152594

XXXX

ATR/QM: Exempt

Not Tested

Yes

Not Tested

N/A

Yes

N/A

Yes

10426.97

N/A

Employed

Yes

Present

1156101

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1156103

XXXX

Non-QM: Lender documented all ATR UW factors

QM Points and Fees Exceeded

Yes

31215

8.133

Yes

N/A

Yes

N/A

Yes

24175.58

N/A

Employed

1159808

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1166848

XXXX

QM: Safe Harbor APOR (APOR SH)

15595

7.075

Yes

N/A

Yes

N/A

Yes

19275.24

N/A

Employed

1171742

XXXX

ATR/QM: Exempt

Yes

N/A

4591.69

Yes

Employed

Yes

Present

1171745

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1171746

XXXX

ATR/QM: Exempt

N/A

Yes

Present

1173952

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1173953

XXXX

QM: Higher Priced APOR (APOR HP)

Yes

16306.45

8.542

Yes

N/A

Yes

N/A

Yes

9670.2

Yes

Employed

1178810

XXXX

ATR/QM: Exempt

N/A

Yes

Present

1178812

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1182553

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1184651

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1184653

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1186693

XXXX

Non-QM: Lender documented all ATR UW factors

QM Points and Fees Exceeded

Yes

14114

7.915

Yes

N/A

Yes

N/A

Yes

23743.34

N/A

Employed

1186697

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1188450

XXXX

Non-QM: Lender documented all ATR UW factors

QM Points and Fees Exceeded

Yes

11058.02

7.669

Yes

N/A

Yes

N/A

Yes

10560.25

N/A

Employed

1188452

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1188454

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

12895

7.683

Yes

N/A

Yes

N/A

Yes

25484.56

N/A

Employed

1190903

XXXX

QM: Safe Harbor APOR (APOR SH)

5016

7.445

Yes

N/A

Yes

N/A

Yes

4847.88

N/A

Employed

1192800

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1195498

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1195501

XXXX

Non-QM: Lender documented all ATR UW factors

QM Points and Fees Exceeded

Yes

16387.5

6.381

Yes

N/A

Yes

N/A

Yes

14677.33

N/A

Not Employed

1197639

XXXX

Non-QM: Lender documented all ATR UW factors

APOR Threshold

Yes

10701.74

9.07

Yes

N/A

Yes

N/A

Yes

12216.34

Yes

Employed

1197640

XXXX

QM: Safe Harbor APOR (APOR SH)

13470

6.544

Yes

N/A

Yes

N/A

Yes

31698.48

Yes

Employed

1199800

XXXX

QM: Safe Harbor APOR (APOR SH)

10526.25

6.721

Yes

N/A

Yes

N/A

Yes

N/A

812873.35

N/A

Employed

1199802

XXXX

ATR/QM: Exempt

N/A

Yes

Present

1199803

XXXX

QM: Safe Harbor Verified (V SH)

17530

6.482

Yes

N/A

Yes

N/A

Yes

42455.92

N/A

Employed

1199805

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1199806

XXXX

Non-QM: Lender documented all ATR UW factors

QM Points and Fees Exceeded

Yes

9095

7.255

Yes

N/A

Yes

N/A

Yes

N/A

17700.14

N/A

Employed

1203583

XXXX

Non-QM: Lender documented all ATR UW factors

QM Points and Fees Exceeded

Yes

29770

6.874

Yes

N/A

Yes

N/A

Yes

19717.27

N/A

Employed

1203586

XXXX

QM: Safe Harbor APOR (APOR SH)

15673.75

7.809

Yes

N/A

Yes

N/A

Yes

59194.09

N/A

Employed

1209041

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1211085

XXXX

ATR/QM: Exempt

Yes

N/A

33543.11

N/A

Not Employed

Yes

Present

1211090

XXXX

Non-QM: Lender documented all ATR UW factors

QM Points and Fees Exceeded

Yes

11395

7.709

Yes

N/A

Yes

N/A

Yes

5331.5

N/A

Employed

1212034

XXXX

QM: Safe Harbor APOR (APOR SH)

6879

7.06

Yes

N/A

Yes

N/A

37985.03

N/A

Employed

1213326

XXXX

QM: Safe Harbor APOR (APOR SH)

14345

6.824

Yes

N/A

Yes

N/A

Yes

N/A

7659.92

Yes

Employed

1213330

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1216796

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1218340

XXXX

ATR/QM: Exempt

N/A

Yes

Present

1220413

XXXX

Non-QM: Lender documented all ATR UW factors

QM Points and Fees Exceeded

Yes

26603

7.857

Yes

N/A

Yes

N/A

Yes

27093.32

N/A

Employed

1224899

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1224905

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1226752

XXXX

QM: Safe Harbor APOR (APOR SH)

15345

7.189

Yes

N/A

Yes

N/A

Yes

N/A

13033.3

N/A

Employed

1232916

XXXX

Non-QM: Lender documented all ATR UW factors

QM Points and Fees Exceeded

Yes

15735

7.552

Yes

N/A

Yes

N/A

Yes

13432.61

N/A

Employed

1236759

XXXX

Non-QM: Lender documented all ATR UW factors

QM Points and Fees Exceeded

Yes

15745

6.759

Yes

N/A

Yes

N/A

Yes

6300.35

N/A

Employed

1240960

XXXX

Non-QM: Lender documented all ATR UW factors

QM Points and Fees Exceeded

Yes

14415

6.618

Yes

N/A

Yes

N/A

Yes

11591.83

N/A

Employed

1255221

XXXX

ATR/QM: Exempt

Yes

N/A

Yes

Present

1256772

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

8043.5

7.811

Yes

N/A

Yes

N/A

Yes

3672.48

Yes

Employed

1258616

XXXX

ATR/QM: Exempt

Yes

N/A

102657.79

N/A

Employed

Not Employed

Yes

Present

Redaction ID

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

973262

XXXX

Debt Service Coverage Ratio

Present

3200

Appraisal - 1007

N/A

3200

Appraisal - 1007

98.68

1.0

1.013

3157.84

Yes

3200

0.7

N/A

17.63

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Vacant

1074552

XXXX

Debt Service Coverage Ratio

Present

N/A

7733.33

AirDNA

7733.33

AirDNA

Yes

80.66

1.24

6237.63

7733.33

0.0

N/A

9.15

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Owner

1131867

XXXX

Debt Service Coverage Ratio

Present

3082.5

Short Term Rent Schedule or Analysis

2466

Other

2466

Other

Yes

90.7

1.1

1.103

2236.59

Yes

2466

0.0

N/A

75.75

Vested Individual

XXXX

Vested Individual

XXXX

Tenant

1132034

XXXX

Debt Service Coverage Ratio

Present

Yes

16250

9000

Appraisal - 1025

N/A

16250

Actual In Place Rent

64.27

1.556

10443.32

5000

02-04-2027

11250

05-05-2027

16250

11.5

N/A

123.97

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Tenant

1135466

XXXX

Debt Service Coverage Ratio

Present

2400

Appraisal - 1007

N/A

2400

Appraisal - 1007

98.15

1.01

1.019

2355.68

Yes

XXXX

2400

0.2

N/A

17.3

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Vacant

1135558

XXXX

Debt Service Coverage Ratio

Present

Yes

3950

4000

Appraisal - 1007

N/A

3950

Actual In Place Rent

64.77

1.544

2558.52

3950

01-31-2028

3950

0.7

N/A

106.41

Vested Individual

XXXX

Tenant

1136656

XXXX

Debt Service Coverage Ratio

Present

Yes

1501

1695

Appraisal - 1007

N/A

1695

Appraisal - 1007

72.05

1.38

1.388

1221.19

1501

02-28-2027

Yes

XXXX

1695

0.6

N/A

8.82

XXXX

Limited Liability Corporation (LLC)

Vested Individual

XXXX

Vacant

1136660

XXXX

Debt Service Coverage Ratio

Present

87000

Short Term Rent Schedule or Analysis

5833.33

Other

5833.33

Other

Yes

81.66

1.21

1.225

4763.56

Yes

5833.33

0.0

N/A

177.35

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Vacant

1138224

XXXX

Debt Service Coverage Ratio

Present

8200

Appraisal - 1025

N/A

8200

Appraisal - 1025

70.72

1.41

1.414

5798.83

Yes

8200

3.8

N/A

29.92

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Tenant

1140227

XXXX

Debt Service Coverage Ratio

Present

2200

Appraisal - 1007

N/A

2200

Appraisal - 1007

85.44

1.17

1879.63

XXXX

2200

0.9

N/A

7.26

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Vacant

1142028

XXXX

Debt Service Coverage Ratio

Present

2000

Appraisal - 1007

N/A

2000

Appraisal - 1007

85.63

1.168

1712.55

XXXX

2000

0.7

N/A

119.52

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Vacant

1142032

XXXX

Debt Service Coverage Ratio

Present

1750

Appraisal - 1007

N/A

1750

Appraisal - 1007

99.76

1.002

1745.72

1750

0.0

N/A

7.78

Vested Individual

XXXX

Vacant

1142033

XXXX

Debt Service Coverage Ratio

Present

Yes

4450

5650

Appraisal - 1025

N/A

4450

Actual In Place Rent

96.5

1.027

1.036

4294.04

1600

11-30-2026

850

12-31-2026

2000

04-02-2026

XXXX

4450

1.2

N/A

7.21

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Tenant

1152593

XXXX

Debt Service Coverage Ratio

Present

Yes

19350

19500

Appraisal - 1025

N/A

19350

Actual In Place Rent

92.17

1.085

17834.42

4850

01-31-2028

4750

01-31-2028

9750

01-31-2028

19350

8.0

N/A

40.01

Vested Individual

XXXX

Tenant

1152594

XXXX

12 Month Bank Statement

Present

3100

Appraisal - 1007

N/A

3100

Appraisal - 1007

49.08

1521.54

3100

53.2

N/A

124.06

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Owner

1156101

XXXX

Debt Service Coverage Ratio

Present

6050

Appraisal - 1025

N/A

6050

Appraisal - 1025

78.73

1.27

4763.37

XXXX

6050

5.7

N/A

94.61

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Tenant

1159808

XXXX

Debt Service Coverage Ratio

Present

4000

Appraisal - 1025

N/A

4000

Appraisal - 1025

98.13

1.019

3925.27

4000

0.0

N/A

0.3

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Vacant

1171742

XXXX

2YR Full Doc

Present

3000

Appraisal - 1007

N/A

3000

Appraisal - 1007

101.69

0.9833

3050.83

3000

0.0

N/A

4.8

Vested Individual

XXXX

Vacant

1171745

XXXX

Debt Service Coverage Ratio

Present

Yes

3300

3050

Appraisal - 1007

N/A

3300

Actual In Place Rent

84.08

1.189

2774.61

3300

05-15-2027

3300

0.0

N/A

2.48

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Vacant

1171746

XXXX

Debt Service Coverage Ratio

Present

Yes

1850

1450

Appraisal - 1007

N/A

1450

Appraisal - 1007

61.68

1.621

894.36

1850

02-19-2027

XXXX

1450

0.8

N/A

104.79

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Owner

1173952

XXXX

Debt Service Coverage Ratio

Present

Yes

1850

Appraisal - 1007

N/A

1850

Actual In Place Rent

95.93

1.042

1774.67

1850

04-03-2027

XXXX

1850

1.5

N/A

48.06

Vested Individual

XXXX

Tenant

1178810

XXXX

Debt Service Coverage Ratio

Present

Yes

3750

Appraisal - 1025

N/A

3750

Actual In Place Rent

61.6

1.623

2310.18

1900

04-01-2027

1850

06-01-2026

3750

0.0

N/A

97.12

Vested Individual

XXXX

Vested Individual

XXXX

Tenant

1178812

XXXX

Debt Service Coverage Ratio

Present

1600

Appraisal - 1007

N/A

1600

Appraisal - 1007

78.38

1.276

1254.05

XXXX

1600

0.3

N/A

117.3

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Vacant

1182553

XXXX

Debt Service Coverage Ratio

Present

3800

Short Term Rent Schedule or Analysis

3800

Other

3800

Other

Yes

71.2

1.404

2705.76

XXXX

3800

0.0

N/A

22.08

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Vacant

1184651

XXXX

Debt Service Coverage Ratio

Present

2725

Appraisal - 1007

N/A

2725

Appraisal - 1007

89.71

1.115

2444.58

XXXX

2725

0.1

N/A

37.95

Yes

XXXX

Corporation

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Tenant

1184653

XXXX

Debt Service Coverage Ratio

Present

3000

Appraisal - 1007

N/A

3000

Appraisal - 1007

83.56

1.197

2506.75

XXXX

3000

2.6

N/A

135.28

Vested Individual

XXXX

Vested Individual

XXXX

Vacant

1186697

XXXX

Debt Service Coverage Ratio

Present

2650

Appraisal - 1007

N/A

2650

Appraisal - 1007

97.14

1.03

1.029

2574.09

2650

0.0

N/A

0.32

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Owner

1188452

XXXX

Debt Service Coverage Ratio

Present

Yes

6500

3500

Appraisal - 1007

N/A

6500

Actual In Place Rent

48.95

2.043

3181.54

6500

05-01-2027

XXXX

6500

0.4

N/A

45.77

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Vacant

1192800

XXXX

Debt Service Coverage Ratio

Present

4750

Appraisal - 1007

N/A

4750

Appraisal - 1007

74.58

1.341

3542.4

XXXX

4750

0.0

N/A

46.94

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Vacant

1195498

XXXX

Debt Service Coverage Ratio

Present

Yes

2350

2400

Appraisal - 1025

N/A

2400

Appraisal - 1025

55.83

1.791

1340.01

1200

06-05-2026

1150

06-05-2026

XXXX

2400

1.8

N/A

16.54

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Tenant

1199802

XXXX

Debt Service Coverage Ratio

Present

Yes

2700

Appraisal - 1007

N/A

2700

Actual In Place Rent

99.2

1.008

2678.32

2700

06-30-2027

2700

8.8

N/A

68.15

Vested Individual

XXXX

Tenant

1199805

XXXX

Debt Service Coverage Ratio

Present

1450

Appraisal - 1007

N/A

1450

Appraisal - 1007

68.69

1.456

996.02

XXXX

1450

0.7

N/A

117.76

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Tenant

1209041

XXXX

Debt Service Coverage Ratio

Present

2200

Appraisal - 1007

N/A

2200

Appraisal - 1007

78.56

1.201

1.273

1728.26

XXXX

2200

0.0

N/A

125.22

Vested Individual

XXXX

Owner

1211085

XXXX

Asset Depletion – Debt Ratio Calculation

Present

8400

Appraisal - 1007

N/A

8400

Appraisal - 1007

131.04

11007.18

8400

0.0

N/A

152.73

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Owner

1213330

XXXX

Debt Service Coverage Ratio

Present

Yes

1225

1450

Appraisal - 1007

N/A

1225

Actual In Place Rent

95.1

1.052

1164.93

1225

04-01-2027

XXXX

1225

0.2

N/A

14.67

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Tenant

1216796

XXXX

Debt Service Coverage Ratio

Present

Yes

11500

13900

Appraisal - 1025

N/A

11500

Actual In Place Rent

57.25

1.747

6583.33

2500

02-28-2027

3000

02-28-2027

3000

02-28-2027

3000

02-28-2027

11500

0.1

N/A

72.32

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Tenant

1218340

XXXX

Debt Service Coverage Ratio

Present

2000

Appraisal - 1007

N/A

2000

Appraisal - 1007

68.82

1.453

1376.43

XXXX

2000

4.7

N/A

112.34

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Vacant

1224899

XXXX

Debt Service Coverage Ratio

Present

Yes

1264.11

1225

Appraisal - 1007

N/A

1225

Appraisal - 1007

78.18

1.279

957.68

1264.11

01-29-2027

XXXX

1225

0.4

N/A

9.28

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Tenant

1224905

XXXX

Debt Service Coverage Ratio

Present

Yes

1930

2970

Appraisal - 1025

N/A

2970

Appraisal - 1025

80.72

1.239

2397.3

06-26-2026

1930

07-01-2027

XXXX

2970

2.8

N/A

67.2

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Vacant

1255221

XXXX

Debt Service Coverage Ratio

Present

Yes

1900

1950

Appraisal - 1007

N/A

1900

Actual In Place Rent

69.41

1.441

1318.8

1900

10-31-2026

1900

6.7

N/A

42.52

Yes

XXXX

Limited Liability Corporation (LLC)

Individual Guarantor

XXXX

Individual Guarantor

XXXX

Yes

Full Recourse

XXXX

Tenant

1258616

XXXX

12 Month Bank Statement

Present

N/A

3782.91

0.0

N/A

108.62

Vested Individual

XXXX

Vested Individual

XXXX

Vacant

Redaction ID	Loan ID	Seller Loan ID	Investor Loan ID	Transaction ID	Field Name	Source	Verified Value	Bid Tape Value	Comment
973262	XXXX	XXXX	XXXX	XXXX	Note Date	notePage	XXXX	XXXX	Per Note
973262	XXXX	XXXX	XXXX	XXXX	Investor Loan ID	overrideTrueData	XXXX	XXXX
1128606	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	Audit used cashout for reserves, and all verified assets
1128606	XXXX	XXXX	XXXX	XXXX	Qualifying Total Debt Income Ratio	diligenceFinalLookPage	46.81	43.79	Lender did not include Auto loan monthly payment
1135466	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	17.3	22.00	All assets provided were considered.
1135558	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	106.41	106.00	Per settlement statement
1135560	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	11.01	13.00	Per asset statements
1136660	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	177.35	103.00	Validated assets
1136660	XXXX	XXXX	XXXX	XXXX	Calculated DSCR	diligenceFinalLookPage	1.225	1.21	Lender did not provide breakdown calculation. 1007/PITIA
1137129	XXXX	XXXX	XXXX	XXXX	Total Qualifying Income	employmentIncomePage	XXXX	XXXX	per income
1137129	XXXX	XXXX	XXXX	XXXX	Borrower 1 Qualifying Income	employmentIncomePage	XXXX	XXXX	per income
1137129	XXXX	XXXX	XXXX	XXXX	Originator QM Status	diligenceFinalLookPage	XXXX	XXXX	Primary residence
1142028	XXXX	XXXX	XXXX	XXXX	Initial Monthly P&I Or IO Payment	notePage	XXXX	XXXX	Per Note
1142028	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	119.52	120.00	Per cash back amount
1142030	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	53.12	53.00	Per Asset documentation
1142031	XXXX	XXXX	XXXX	XXXX	Borrower 1 Last Name	notePage	XXXX	XXXX	Per Note
1142032	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	used all available assets
1142032	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	7.78	0.00	used all available assets
1142033	XXXX	XXXX	XXXX	XXXX	Calculated DSCR	diligenceFinalLookPage	1.036	1.0267	Audit calculated higher qualifying rent
1152593	XXXX	XXXX	XXXX	XXXX	Primary Appraised Property Value	propertyValuationPage	XXXX	XXXX	2 Full Appraisals – used Lower Appraised Value
1152594	XXXX	XXXX	XXXX	XXXX	First Payment Date	notePage	XXXX	XXXX	Per note
1156103	XXXX	XXXX	XXXX	XXXX	Originator QM Status	diligenceFinalLookPage	XXXX	XXXX	Subject is primary with HPML
1171742	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	Per asset documentaton in file.
1171742	XXXX	XXXX	XXXX	XXXX	Calculated DSCR	diligenceFinalLookPage	0	0.9833	Full docs per loan approval and tape
1171742	XXXX	XXXX	XXXX	XXXX	Originator QM Status	diligenceFinalLookPage	XXXX	XXXX	subject is an investment property
1171746	XXXX	XXXX	XXXX	XXXX	B1 Credit Report Date	creditLiabilitiesPage	XXXX	XXXX	Per Credit Report
1173953	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	per asset statements
1173953	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	5.7	8.00	Per asset statements
1178810	XXXX	XXXX	XXXX	XXXX	Prepayment Penalty Flag	notePage	N	Y	per final note agreement.
1182553	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	22.08	17.00	Per assets in file
1188450	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	Per assets in file
1188452	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	Per asset documentation in the file
1190903	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	41.43	18.00	Per assets in file
1190903	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	Per assets in file
1192800	XXXX	XXXX	XXXX	XXXX	Borrower 1 FTHB	the1003Page	true	N	Per 1003
1192800	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	Per assets in file
1192800	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	46.94	40.00	Per assets in file
1195501	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	Per asset stmt in file.
1197639	XXXX	XXXX	XXXX	XXXX	Total Qualifying Income	employmentIncomePage	XXXX	XXXX	Audit calculated less income.
1197639	XXXX	XXXX	XXXX	XXXX	Borrower 1 Qualifying Income	employmentIncomePage	XXXX	XXXX	Audit calculated less income.
1197640	XXXX	XXXX	XXXX	XXXX	Originator QM Status	diligenceFinalLookPage	XXXX	XXXX	Primary residence
1197640	XXXX	XXXX	XXXX	XXXX	B1 Credit Report Date	creditLiabilitiesPage	XXXX	XXXX	Per credit report
1199800	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	60.75	51.00	used all assets
1199800	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	used all assets
1199805	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	117.76	112.00	Per asset documentation
1203583	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	8.02	0.00	Per assets in file
1203586	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	6.49	10.00	Due to Crypto not used due to exchange
1203586	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	Due to Crypto not used due to exchange
1209041	XXXX	XXXX	XXXX	XXXX	Borrower 1 Last Name	notePage	XXXX	XXXX	Per Note
1209041	XXXX	XXXX	XXXX	XXXX	Calculated DSCR	diligenceFinalLookPage	1.273	1.2006	Variance due to lender using less rent
1211085	XXXX	XXXX	XXXX	XXXX	Borrower 1 FTHB	the1003Page	false	Y	per 1003
1211085	XXXX	XXXX	XXXX	XXXX	Total Qualifying Income	employmentIncomePage	XXXX	XXXX	Audit calculated lower income
1211085	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	Per asset statements
1211085	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	152.73	437.00	Per asset statements
1211090	XXXX	XXXX	XXXX	XXXX	Originator QM Status	diligenceFinalLookPage	XXXX	XXXX	Subject is primary
1213326	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	33.76	0.00	Per asset statements.
1218340	XXXX	XXXX	XXXX	XXXX	Prepayment Penalty Flag	notePage	N	Y	No prepay on Note, no Prepay addendums/riders in file. NM does not allow prepayment penalties.
1224905	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	67.2	180.00	Per Settlement Statement
1224905	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	Per Settlement Statement
1232916	XXXX	XXXX	XXXX	XXXX	Property Type	propertyValuationPage	Townhouse	PUD	Per Title
1232916	XXXX	XXXX	XXXX	XXXX	B1 Credit Report Date	creditLiabilitiesPage	XXXX	XXXX	Per Credit Report
1236759	XXXX	XXXX	XXXX	XXXX	Number of Units	the1003Page	3	1	Per Appraisal
1236759	XXXX	XXXX	XXXX	XXXX	Property Type	the1008Page	Two to Four Unit	Single Family Detached	Per Appraisal
1240960	XXXX	XXXX	XXXX	XXXX	Borrower 1 Qualifying Income	employmentIncomePage	XXXX	XXXX	Audit calculated lower income
1240960	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves	assetPage	XXXX	XXXX	Per asset statements
1240960	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months	assetPage	121.07	0.00	Per asset statements
1255221	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months		42.52	67.00	Per Final CD
1255221	XXXX	XXXX	XXXX	XXXX	B1 Credit Report Date		XXXX	XXXX	Audit used cash out for reserves
1256772	XXXX	XXXX	XXXX	XXXX	Property Type		Townhouse	PUD	Per Appraisal
1256772	XXXX	XXXX	XXXX	XXXX	Originator QM Status		XXXX	ATR/QM: Exempt	Primary residence
1256772	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves		XXXX	XXXX	Per Assets
1258616	XXXX	XXXX	XXXX	XXXX	Total Qualified Assets Available For Reserves		XXXX	XXXX	Per assets
1258616	XXXX	XXXX	XXXX	XXXX	Qualifying Total Reserves Number of Months		108.62	108.00	Per assets

Redaction ID

Loan ID

Seller Loan ID

Investor Loan ID

Overall Initial Loan Grade

Overall Final Loan Grade

Credit Initial Loan Grade

Credit Current/Final Loan Grade

Compliance Initial Loan Grade

Compliance Current/Final Loan Grade

Property Initial Loan Grade

Property Current/Final Loan Grade

Queue

Finding Code

Date Created

Date Modified

Finding Status

Event Level

Initial Finding Grade

Current/Final Finding Grade

Finding Category

Finding Sub Category

Finding Name

Finding Comments

Seller Comments

Resolution Comments

Reviewer Comp Factor

Originator Comp Factors

Finding Documents

Originator QM Status

Final Reviewed QM Status

Loan Amount

Property State

Occupancy

Loan Purpose

Refinance Purpose

Acknowledged / WaivedBy

Waiver in File?

Unique Finding ID

973262

XXXX

Closed

FCRE1440

2026-02-05 16:26

2026-02-17 13:07

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Received payment history reflecting 0x30x12. - Due Diligence Vendor-02/17/2026
Ready for Review-Document Uploaded. Corrected VOM uploaded - Seller-02/12/2026
Counter-Housing history provided, however 1x30 exceed 0x30.  VOM in file does not disclose the month of the 30 day Late. - Due Diligence Vendor-02/11/2026
Ready for Review-Document Uploaded.  - Seller-02/10/2026
Counter-Received Property profile for XXXX.   Finding is for 12 months rental history.  File contains 7 month rental history.

- Due Diligence Vendor-02/09/2026
Ready for Review-Document Uploaded.  - Seller-02/06/2026
Open-Housing History Does Not Meet Guideline Requirements Guidelines require a 12 month history. The file only conains a 7 month rental history for B1.  Additional findings may apply. - Due Diligence Vendor-02/05/2026

Ready for Review-Document Uploaded. Corrected VOM uploaded - Seller-02/12/2026

Ready for Review-Document Uploaded. - Seller-02/10/2026

Ready for Review-Document Uploaded. - Seller-02/06/2026

Resolved-Received payment history reflecting 0x30x12. - Due Diligence Vendor-02/17/2026

LTV is less than guideline maximum - Required is 80 Borrower has 75

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 739

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

7476654

1074552

XXXX

Closed

FCRE6843

2026-04-10 14:00

2026-04-14 14:49

Resolved

1 - Information

Credit

Assets

Asset General

Resolved-Received purchase contract supplement confirming EMD reduced to $1,500 - Due Diligence Vendor-04/14/2026
Ready for Review-Document Uploaded. - Seller-04/13/2026
Open-Per Sales Contract received XXXX, EMD is $9000. Provide documentation for EMD given - Due Diligence Vendor-04/10/2026

Ready for Review-Document Uploaded. - Seller-04/13/2026

Resolved-Received purchase contract supplement confirming EMD reduced to $1,500 - Due Diligence Vendor-04/14/2026

DSCR =/> 1.00 and minimum is 0.85 or Less - Minimum 0.75 DSCR 1.24

Months Reserves exceed minimum required - Required 0 Verified 6

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

8600114

1074552

XXXX

Closed

FCRE8013

2026-04-06 10:15

2026-04-10 14:01

Resolved

1 - Information

Credit

Eligibility

Purchase Contract Issue

Resolved-Received purchase contract. EMD is to be $9000 however only $1500 was documented. Added additional finding - Due Diligence Vendor-04/10/2026

Ready for Review-Document Uploaded. Please see attached purchase contract - Seller-04/08/2026

Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Missing purchase contract. Addendum only in file. - Due Diligence Vendor-04/06/2026

Ready for Review-Document Uploaded. Please see attached purchase contract - Seller-04/08/2026

Resolved-Received purchase contract. EMD is to be $9000 however only $1500 was documented. Added additional finding - Due Diligence Vendor-04/10/2026

DSCR =/> 1.00 and minimum is 0.85 or Less - Minimum 0.75 DSCR 1.24

Months Reserves exceed minimum required - Required 0 Verified 6

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

8498908

1125860

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

1128606

XXXX

Closed

FCRE7009

2026-05-06 14:05

2026-05-11 11:49

Resolved

1 - Information

Credit

Insurance

Hazard insurance dwelling coverage is not sufficient

Resolved-Received checklist of coverage confirming sufficient coverage.   - Due Diligence Vendor-05/11/2026
Ready for Review-Document Uploaded. Evidence of Replacement Cost was included with credit  file.  Uploaded another copy here for your review..  - Seller-05/07/2026
Open-Insufficient Coverage Amount for Insured Subject Property. Provide hazard insurance declarations showing coverage of at least XXXX with an annual premium not to exceed XXXX.  If the premium exceeds XXXX, this will need to be adjusted in the DTI calculation. Please note that DTI is not yet been finalized, and additional information and/or documentation may be required.  - Due Diligence Vendor-05/06/2026

Ready for Review-Document Uploaded. Evidence of Replacement Cost was included with credit file. Uploaded another copy here for your review.. - Seller-05/07/2026

Resolved-Received checklist of coverage confirming sufficient coverage. - Due Diligence Vendor-05/11/2026

On time mortgage history exceeds guideline requirement - 0x30x12 req - have 0x30x47 months

Months Reserves exceed minimum required - >9 months available vs. 3 required.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

9068395

1128606

XXXX

Closed

finding-3352

2026-05-05 11:14

2026-05-08 14:48

Waived

2 - Non-Material

Compliance

Points & Fees

Higher-Priced Mortgage Loan Test

Waived-Originator waiver applied to non-material finding. File contains appraisal and escrows - Due Diligence Vendor-05/06/2026

Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-05/05/2026

Waived-Originator waiver applied to non-material finding. File contains appraisal and escrows - Due Diligence Vendor-05/06/2026

On time mortgage history exceeds guideline requirement - 0x30x12 req - have 0x30x47 months

Months Reserves exceed minimum required - >9 months available vs. 3 required.

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

9044196

1128606

XXXX

Closed

finding-3625

2026-05-05 11:56

2026-05-08 14:48

Resolved

1 - Information

Compliance

TRID

TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" Validation Test

Resolved-Received PCCD XXXX correcting payee in Section B. Finding Resolved. - Due Diligence Vendor-05/08/2026
Ready for Review-Document Uploaded. see uploaded - PCCD - Seller-05/08/2026
Open-This loan failed the TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" validation test.This loan contains a fee or fees where "compensation to" is set to the lender or broker but this fee or fees should not be retained by the lender or broker."Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" should contain an itemization of each amount, and a subtotal of all such amounts, the consumer will pay for settlement services for which the consumer cannot shop in accordance with Regulation Z and that are provided by persons other than the creditor or mortgage broker. -----Credit Report Fee in section B is payable to Lender/Broker however, fees paid to Lender or Broker must be in section A. If the fee is to remain in section B, it must state FBO (for the benefit of) to said Vendor. Provide a post close CD with correction within 60 days of discovery date. Statute of Limitations - 1 year, expiration date XXXX. - Due Diligence Vendor-05/05/2026

Ready for Review-Document Uploaded. see uploaded - PCCD - Seller-05/08/2026

Resolved-Received PCCD XXXX correcting payee in Section B. Finding Resolved. - Due Diligence Vendor-05/08/2026

On time mortgage history exceeds guideline requirement - 0x30x12 req - have 0x30x47 months

Months Reserves exceed minimum required - >9 months available vs. 3 required.

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

9045900

1128606

XXXX

Closed

FCOM1124

2026-05-05 09:57

2026-05-05 12:01

Waived

2 - Non-Material

Compliance

Data

Borrower 1 Final Signature Date is in the future

Waived-Borrower 1 Final Signature Date is greater than the transaction date of XXXX Originator waiver applied to non-material Findings. - Due Diligence Vendor-05/05/2026

On time mortgage history exceeds guideline requirement - 0x30x12 req - have 0x30x47 months

Months Reserves exceed minimum required - >9 months available vs. 3 required.

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

Originator Post-Close

9042450

1131867

XXXX

Closed

FPRO1249

2026-05-11 08:54

2026-05-18 11:07

Resolved

1 - Information

Credit

Eligibility

Neighborhood Location Not Allowed for Program

Resolved-Originator states subject is not Rural based upon property has suburban characteristics near hotels, restaurants, please clear.---- Given these characteristics, it was determined that this property is not rural per our guidelines. - Due Diligence Vendor-05/18/2026
Ready for Review-Document Uploaded. XXXX determines if prop is rural or not, file is rural with suburban characteristics please find attachments, near hotels, restaurants, please clear. - Seller-05/15/2026
Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Loan is considered rural by appraiser and TPR. Provide confirmation that originator did not categorize the property as rural, if determined to be rural, additional findings may apply - Due Diligence Vendor-05/11/2026

Ready for Review-Document Uploaded. XXXX determines if prop is rural or not, file is rural with suburban characteristics please find attachments, near hotels, restaurants, please clear. - Seller-05/15/2026

Months Reserves exceed minimum required - 75.75 months reserves exceed required 3 by 72.75 months

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 778 is higher than the required 680 Required is 680 Borrower has 778

On time mortgage history exceeds guideline requirement - 0x30x12 in the past 22 months

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9126187

1132034

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

1135466

XXXX

Closed

FCRE1441

2026-05-12 10:54

2026-05-27 09:11

Waived

2 - Non-Material

Credit

Eligibility

Delinquent Credit History Does Not Meet Guideline Requirements

Waived-Originator waiver applied to non-material finding with compensating factors. Exception to allow collection to remain open. - Due Diligence Vendor-05/27/2026
Ready for Review-Document Uploaded. Credit exception for the collection account not being paid provided. Please clear. - Seller-05/26/2026
Open-Delinquent Credit History Does Not Meet Guideline Requirements Per the applicable guides all collections under 2 years that are not medical must be paid at or prior to close. The borrower has a $191 collection originating with a XXXX with a date of last activity of XXXX. No evidence this was paid at or prior to close was identified in the file. - Due Diligence Vendor-05/12/2026

Ready for Review-Document Uploaded. Credit exception for the collection account not being paid provided. Please clear. - Seller-05/26/2026

Waived-Originator waiver applied to non-material finding with compensating factors. Exception to allow collection to remain open. - Due Diligence Vendor-05/27/2026

Months Reserves exceed minimum required - 3 months required, subject 17 months.
Credit history exceeds minimum required - Borrower has paid as agreed mortgage history for 55 months plus 11st XXXX Tradeline.

21 months of reserves
11 year credit history
711 fico

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

Originator Post-Close

Yes

9151643

1135466

XXXX

Closed

FCRE8201

2026-05-12 11:51

2026-05-27 09:09

Resolved

1 - Information

Credit

Eligibility

Loan does not conform to program guidelines

Resolved-Lender confirmed this was an approved scenario. - Due Diligence Vendor-05/27/2026

Ready for Review-There is no documentation for the 2nd signature by UW manager, this is an internal review and proceeding with the loan is confirmation of approval. Please clear.

- Seller-05/22/2026

Open-Per the applicable guidelines a second signature by Underwriting Manager is required as the property is 80% LTV rate/term refinance, has been purchased in the last 12 months, and experienced a value increase of more than 100% of the purchase price. - Due Diligence Vendor-05/12/2026

Ready for Review-There is no documentation for the 2nd signature by UW manager, this is an internal review and proceeding with the loan is confirmation of approval. Please clear.

- Seller-05/22/2026

Resolved-Lender confirmed this was an approved scenario. - Due Diligence Vendor-05/27/2026

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

9153833

1135558

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

1135559

XXXX

Closed

FCRE1316

2026-05-13 11:59

2026-05-15 13:49

Resolved

1 - Information

Credit

Missing Doc

Borrower 1 3rd Party VOE Prior to Close Missing

Resolved-Upon further review, borrower is SE and VVOE in the file is valid - Due Diligence Vendor-05/15/2026
Ready for Review-Borrower is self-employed. VOE in file is dated XXXX which is within 30 days of the Note date (XXXX), please clear - Seller-05/14/2026
Open-Borrower 1 3rd Party VOE Prior to Close Missing VVOE is expired. Guides require it to be within 10 days of the note. Note is XXXX and VOE is XXXX. - Due Diligence Vendor-05/13/2026

Ready for Review-Borrower is self-employed. VOE in file is dated XXXX which is within 30 days of the Note date (XXXX), please clear - Seller-05/14/2026

Resolved-Upon further review, borrower is SE and VVOE in the file is valid - Due Diligence Vendor-05/15/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.64

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 751

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

9177284

1135559

XXXX

Closed

FCOM0013

2026-05-11 09:51

2026-05-14 12:28

Resolved

1 - Information

Compliance

Disclosure

Missing e-Consent

Resolved-Received eConsent. - Due Diligence Vendor-05/14/2026

Ready for Review-Document Uploaded. uploaded econsent - Seller-05/14/2026

Open-Missing e-Consent. ----- Missing e-Consent in File, please provide a copy - Due Diligence Vendor-05/11/2026

Ready for Review-Document Uploaded. uploaded econsent - Seller-05/14/2026

Resolved-Received eConsent. - Due Diligence Vendor-05/14/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.64

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 751

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

9127322

1135560

XXXX

Closed

finding-3352

2026-05-11 09:40

2026-09-01 12:20

Resolved

1 - Information

Compliance

Points & Fees

Higher-Priced Mortgage Loan Test

Resolved-Loan has full appraisal and escrows, meeting HPML compliance.
- Due Diligence Vendor-09/01/2026

Waived-Waived to non-material, loan has full appraisal and escrows, meeting HPML compliance - Due Diligence Vendor-05/13/2026

Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met.
- Due Diligence Vendor-05/11/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.29

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 720

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

9127129

1136656

XXXX

Closed

FPRO1137

2026-05-13 11:07

2026-05-27 09:13

Resolved

1 - Information

Property

Appraisal

The appraiser was not licensed (Primary Value)

Resolved-Proof provided the appraiser had a valid license since XXXX. - Due Diligence Vendor-05/27/2026
Ready for Review-Document Uploaded. Per the state of XXXX the Appraiser has been license is valid from XXXX through XXXX, see documentation provided. Please clear. - Seller-05/27/2026
Open-Primary Value appraiser's license was not effective prior to the Valuation Date or expired prior to the Valuation Date The effective date of the appraisal is XXXX. The appraisal verification site has the appraisers license valid as of XXXX. Additionally the copy of the appraiser's license in the file shows the active date as XXXX - Due Diligence Vendor-05/13/2026

Ready for Review-Document Uploaded. Per the state of XXXX the Appraiser has been license is valid from XXXX through XXXX, see documentation provided. Please clear. - Seller-05/27/2026

Resolved-Proof provided the appraiser had a valid license since XXXX. - Due Diligence Vendor-05/27/2026

LTV is less than guideline maximum - Required is 75 Borrower has 70

DSCR % greater than 1.20 - DSCR 1.38

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

9175452

1136656

XXXX

Closed

FCRE1510

2026-05-13 10:33

2026-05-15 13:35

Resolved

1 - Information

Credit

Closing

Issues exist on the Mortgage Document (Deed of Trust)

Resolved-Received complete security instrument with XXXX notary documentation. - Due Diligence Vendor-05/15/2026
Ready for Review-Document Uploaded. Mortgage with seal and notary provided. Please clear. - Seller-05/14/2026
Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Per the applicable guidelines documents signed outside of the XXXX must be notarized by a XXXX. embassy or consular official. The certificate of acknowledgement must include the embassy or consular seal and be acceptable to the title company. Only the mortgage was notarized but it was by a foreign Notary. - Due Diligence Vendor-05/13/2026

Ready for Review-Document Uploaded. Mortgage with seal and notary provided. Please clear. - Seller-05/14/2026

Resolved-Received complete security instrument with XXXX notary documentation. - Due Diligence Vendor-05/15/2026

LTV is less than guideline maximum - Required is 75 Borrower has 70

DSCR % greater than 1.20 - DSCR 1.38

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

9173912

1136656

XXXX

Closed

FPRO5555

2026-05-13 15:11

2026-05-13 15:21

Resolved

1 - Information

Property

Value

AVM FSD/Confidence Score Does Not Meet Minimum Requirement

Resolved-Guidelines do not have a minimum AVM score requirement. May result in pricing adjustment - Due Diligence Vendor-05/13/2026

Open-AVM provided with a low confidence score. - Due Diligence Vendor-05/13/2026

Resolved-Guidelines do not have a minimum AVM score requirement. XXXX result in pricing adjustment - Due Diligence Vendor-05/13/2026

LTV is less than guideline maximum - Required is 75 Borrower has 70

DSCR % greater than 1.20 - DSCR 1.38

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

9182487

1136660

XXXX

Closed

FPRO1249

2026-05-13 11:33

2026-05-20 13:24

Resolved

1 - Information

Credit

Eligibility

Neighborhood Location Not Allowed for Program

Resolved-Upon further review of appraisal, Subject is surrounded by other other home, subject is within 25 miles of shopping, restaurants etc and road is public. - Due Diligence Vendor-05/20/2026
Ready for Review-Property is Rural with suburban characteristics less thank 25 miles of city of over 50k and XXXX, with churches hotels and parks. - Seller-05/18/2026
Open-Primary Value Valuation Neighborhood Location Not Allowed for Program Loan is considered rural by appraiser and TPR. Provide confirmation that originator did not categorize the property as rural, if determined to be rural, additional findings may apply - Due Diligence Vendor-05/13/2026

Ready for Review-Property is Rural with suburban characteristics less thank 25 miles of city of over 50k and XXXX, with churches hotels and parks. - Seller-05/18/2026

Resolved-Upon further review of appraisal, Subject is surrounded by other other home, subject is within 25 miles of shopping, restaurants etc and road is public. - Due Diligence Vendor-05/20/2026

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 795 is higher than the required 680 Required is 680 Borrower has 795

Months Reserves exceed minimum required - 177.35 months reserves exceed required 3 by 174.35 months

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9176126

1136660

XXXX

Closed

FCRE8702

2026-05-13 11:21

2026-05-20 13:13

Resolved

1 - Information

Credit

Borrower

Business Entity Formation Document is Incomplete

Resolved-Received Operating Agreement that reflects 50% ownership each - Due Diligence Vendor-05/20/2026
Ready for Review-Document Uploaded. please find the op agreement - Seller-05/18/2026
Open-The Business Entity Formation Document is incomplete Missing the LLC operating agreement to verify the ownership percentage for XXXX - Due Diligence Vendor-05/13/2026

Ready for Review-Document Uploaded. please find the op agreement - Seller-05/18/2026

Resolved-Received Operating Agreement that reflects 50% ownership each - Due Diligence Vendor-05/20/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9175814

1136660

XXXX

Closed

FCRE0197

2026-05-13 12:20

2026-05-18 10:29

Resolved

1 - Information

Credit

Eligibility

The Final SELLER CD/HUD is missing

Resolved-Received Seller CD. - Due Diligence Vendor-05/18/2026

Ready for Review-Document Uploaded. FSSS uploaded. Please clear. - Seller-05/14/2026

Open-The Final SELLER CD/HUD is missing. Missing the required final sellers statement on purchase loans. - Due Diligence Vendor-05/13/2026

Ready for Review-Document Uploaded. FSSS uploaded. Please clear. - Seller-05/14/2026

Resolved-Received Seller CD. - Due Diligence Vendor-05/18/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9177828

1137129

XXXX

Closed

finding-3352

2026-05-12 11:15

2026-09-01 12:35

Resolved

1 - Information

Compliance

Points & Fees

Higher-Priced Mortgage Loan Test

Resolved-Loan has full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-09/01/2026

Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-05/12/2026

Resolved-Loan has full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-09/01/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 22.77

Verified employment history exceeds guidelines - Borrower has been self-employed for nearly 3 years

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

9152131

1137129

XXXX

Closed

finding-3635

2026-05-12 11:15

2026-05-20 08:42

Cured

2 - Non-Material

Compliance

TRID

Charges That In Total Cannot Increase More Than 10% Test

Cured------Received PCCD XXXX with copy of letter, check and shipping Label. Finding is Cured.  - Due Diligence Vendor-05/20/2026
Ready for Review-Document Uploaded. uploaded PCCD with lender cure..  - Seller-05/19/2026
Counter-Response to email, correct comment should be --- Ten (10%) tolerance fees (Title - Endorsement Fee, Title - Settlement Fee) increased by $435.35 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $131.35, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 3 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-05/15/2026
Open-This loan failed the charges that in total cannot increase more than 10% test.  (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($3,477.35) exceed the comparable charges ($3,042.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). ----- Ten (10%) tolerance fees (Title - Endorsement Fee, Title - Settlement Fee) increased by $435.35 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $435.35, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date.  Statute of Limitations - 3 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-05/12/2026

Ready for Review-Document Uploaded. uploaded PCCD with lender cure.. - Seller-05/19/2026

Cured------Received PCCD XXXX with copy of letter, check and shipping Label. Finding is Cured. - Due Diligence Vendor-05/20/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 22.77

Verified employment history exceeds guidelines - Borrower has been self-employed for nearly 3 years

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

9152130

1138224

XXXX

Closed

FCRE0210

2026-09-01 10:32

Waived

2 - Non-Material

Credit

Eligibility

XX Prepayment Penalty Entity Loan - LLC/LP/LLP

Waived-Waiver applied to non-material finding. Loan closed in entity name.
- Due Diligence Vendor-09/01/2026
Open-Prepayment Penalty is not allowed. Per XXXX a prepayment penalty may only be applied to corporations, C-Corp and S-Corp specifically. Under XXXX Law a prepayment penalty is not permitted to be charged to an LLC
- Due Diligence Vendor-09/01/2026

Waived-Waiver applied to non-material finding. Loan closed in entity name.
- Due Diligence Vendor-09/01/2026

Months Reserves exceed minimum required - 29.92 months reserves exceed required 3 by 26.92 months

Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 754 is higher than the required 720 Required is 720 Borrower has 754

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

11141942

1140223

XXXX

Closed

FCRE6019

2026-05-15 12:59

2026-05-22 07:43

Resolved

1 - Information

Credit

Missing Doc

Citizenship Documentation Not Provided

Resolved-Received back of I-551 card - Due Diligence Vendor-05/22/2026

Ready for Review-Document Uploaded. back of I-551 card attached - Seller-05/20/2026

Open-Borrower Citizenship Documentation Is Missing Missing back of I-551 card - Due Diligence Vendor-05/15/2026

Ready for Review-Document Uploaded. back of I-551 card attached - Seller-05/20/2026

Resolved-Received back of I-551 card - Due Diligence Vendor-05/22/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 747

Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.59

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

9222893

1140227

XXXX

Closed

FCRE1440

2026-05-15 14:57

2026-05-27 16:50

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Received 2nd lien HELOC statement confirming paid current - Due Diligence Vendor-05/27/2026
Ready for Review-Document Uploaded. Attached is the credit report and supplement report to satisfy the pending condition. These documents were originally uploaded in the complete credit package
- Seller-05/26/2026
Ready for Review-Document Uploaded. Attached is the credit report and supplement report to satisfy the pending condition. These documents were originally uploaded in the complete credit package - Seller-05/26/2026
Counter-No document received. Confirmed 1st lien with statements in file through XXXX. Unable to confirm XXXX through closing. Finding remains. - Due Diligence Vendor-05/22/2026
Ready for Review-The credit report in file for B2 reflects satisfactory mtg rating for 1st XXXX. The 2nd XXXX with XXXX has a mtg rating thru XXXX when you combine the credit report & current mtg statement in file - Seller-05/21/2026
Open-Housing History Does Not Meet Guideline Requirements Missing housing history for co-borrower primary residence. Additional conditions may apply. - Due Diligence Vendor-05/15/2026

Ready for Review-Document Uploaded. Attached is the credit report and supplement report to satisfy the pending condition. These documents were originally uploaded in the complete credit package
- Seller-05/26/2026
Ready for Review-Document Uploaded. Attached is the credit report and supplement report to satisfy the pending condition. These documents were originally uploaded in the complete credit package - Seller-05/26/2026
Ready for Review-The credit report in file for B2 reflects satisfactory mtg rating for 1st XXXX w/XXXX thru XXXX. The 2nd XXXX with XXXX has a mtg rating thru XXXX when you combine the credit report & current mtg statement in file - Seller-05/21/2026

Resolved-Received 2nd lien HELOC statement confirming paid current - Due Diligence Vendor-05/27/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 776

Months Reserves exceed minimum required - 3 months required, borrowers have 7 months.

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

9225543

1140227

XXXX

Closed

FCRE5771

2026-05-15 14:57

2026-05-27 16:50

Resolved

1 - Information

Credit

Missing Doc

Borrower 2 Credit Report is Missing

Resolved-Received Coborrowers Credit Report - Due Diligence Vendor-05/20/2026

Ready for Review-Document Uploaded. Upload is borrower 2 credit report - Seller-05/19/2026

Open-Borrower 2 Credit Report is Missing. Missing Borrower 2 Credit Report. - Due Diligence Vendor-05/15/2026

Ready for Review-Document Uploaded. Upload is borrower 2 credit report - Seller-05/19/2026

Resolved-Received Coborrowers Credit Report - Due Diligence Vendor-05/20/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 776

Months Reserves exceed minimum required - 3 months required, borrowers have 7 months.

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

9225544

1140227

XXXX

Closed

FCRE1197

2026-05-22 13:53

2026-05-22 14:03

Resolved

1 - Information

Credit

Eligibility

Audited FICO is less than Guideline FICO

Resolved-System error when saving. DSCR use highest
decision credit score amongst all borrowers/guarantors to determine loan eligibility - Due Diligence Vendor-05/22/2026

Open-Audited FICO of 698 is less than Guideline FICO of 700 - Due Diligence Vendor-05/22/2026

Resolved-System error when saving. DSCR use highest
decision credit score amongst all borrowers/guarantors to determine loan eligibility - Due Diligence Vendor-05/22/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 776

Months Reserves exceed minimum required - 3 months required, borrowers have 7 months.

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

9353579

1140227

XXXX

Closed

FCRE0157

2026-05-15 15:22

2026-05-22 13:59

Resolved

1 - Information

Credit

Eligibility

Loan does not meet guideline requirements for loans listed for sale

Resolved-Received Delisting. Value updated to last listing price. - Due Diligence Vendor-05/22/2026
Ready for Review-Document Uploaded. Attached is XXXX report for subject property reflecting delisting price @ XXXX…LTV remain < 80% - Seller-05/21/2026
Open-Loan does not meet guideline requirements for loans listed for sale. Appraiser noted that the subject was listed for sale at the time the appraisal was performed. The subject was taken off the market per delisting agreement on XXXX. However, the lender did not obtain a final listing price at the time of cancellation. If, at the time of delisting, the subject was listed for less than the current appraised value, the LTV/CLTV ratio will require recalculation and additional conditions may apply. - Due Diligence Vendor-05/15/2026

Ready for Review-Document Uploaded. Attached is XXXX report for subject property reflecting delisting price @ XXXX…LTV remain < 80% - Seller-05/21/2026

Resolved-Received Delisting. Value updated to last listing price. - Due Diligence Vendor-05/22/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 776

Months Reserves exceed minimum required - 3 months required, borrowers have 7 months.

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

9226213

1142028

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

1142030

XXXX

Closed

FCRE1491

2026-05-19 08:33

2026-05-22 12:17

Resolved

1 - Information

Credit

Assets

Asset Qualification Does Not Meet Guideline Requirements

Resolved-After further review- the Fictitious Business Name Statement for XXXX confirms the Brw as the registered owner and verifies the business is conducted by an individual. As Brw is the sole member, 100% of funds from the XXXX business acct may be used in qualifying. - Due Diligence Vendor-05/22/2026
Ready for Review-Business name is on item #1 of the Fictitious Business Name Statement. - Seller-05/22/2026
Counter-Fictitious Business Name Statement provided, however it does not disclose the Name of the Business. Finding remains. - Due Diligence Vendor-05/21/2026
Ready for Review-Document Uploaded. XXXX is a sole proprietorship, A sole proprietorship is an unincorporated business owned and managed by one individual, there is no legal distinction between the owner and the company. See uploaded recorded Fictitious Business Name Statement. This was included in the credit package. - Seller-05/20/2026
Open-Asset Qualification Does Not Meet Guideline Requirements Business bank account was used for funds to close - Large deposits > 100% of the income to be verified.
Obtain fully executed Operating Agreement for business XXXX or CPA to address percent of ownership borrower has in business (as we can only the percent of ownership for funds to close) - Due Diligence Vendor-05/19/2026

Ready for Review-Business name is on item #1 of the Fictitious Business Name Statement. - Seller-05/22/2026
Ready for Review-Document Uploaded. XXXX is a sole proprietorship, A sole proprietorship is an unincorporated business owned and managed by one individual, there is no legal distinction between the owner and the company. See uploaded recorded Fictitious Business Name Statement. This was included in the credit package. - Seller-05/20/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 9.71 Required is 50 Borrower has 9.71

LTV is less than guideline maximum - Required is 85 Borrower has 32.79 Required is 85 Borrower has 32.79

Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 796 Required is 620 Borrower has 796

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

9271928

1142030

XXXX

Closed

FPRO1256

2026-05-19 07:49

2026-05-21 17:20

Resolved

1 - Information

Credit

Eligibility

HOA Questionnaire Document is Partially Provided

Resolved-Received Balance Sheet and Attorney letter stating - Based on our review of the Association’s governing documents, including its recorded Declaration of Covenants, Conditions and Restrictions (“CC&Rs”) and the Maintenance Matrix, as well as photographs showing that the balconies appear to be constructed within the building envelope rather than projecting beyond the exterior wall plane, it appears likely that the balconies do not qualify as Exterior Elevated Elements (“EEEs”) within the meaning of Civil Code § XXXX, even though they are elevated more than six feet above grade and likely supported by wood framing. Because extension beyond the exterior wall plane is a statutory requirement, the Association may not be subject to XXXX inspection requirements for these particular balcony structures unless additional projecting elements exist elsewhere in the community. - Due Diligence Vendor-05/21/2026
Ready for Review-Document Uploaded. See uploaded attorney letter re: XXXX Inspection report and Balance sheet for XXXX (within 90 days of closing date) - Seller-05/19/2026
Open-Subject Property is part of an HOA but the HOA Questionnaire Document is only Partially Provided. HOA to provide:
1). Attorney letter as noted in Condo Questionnaire as to why they do not need to provide XXXX Inspection report.
2). Need HOA Balance sheet dated within 90 days of closing date. - Due Diligence Vendor-05/19/2026

Ready for Review-Document Uploaded. See uploaded attorney letter re: XXXX Inspection report and Balance sheet for XXXX (within 90 days of closing date) - Seller-05/19/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

9271313

1142030

XXXX

Closed

FCRE0044

2026-05-19 08:37

2026-05-21 13:05

Resolved

1 - Information

Credit

Eligibility

File does not contain LOX for credit inquiries

Resolved-LOX for credit inquiries is present in file or not applicable. - Due Diligence Vendor-05/21/2026

Ready for Review-Document Uploaded. See uploaded letter - Seller-05/19/2026

Open-LOX for credit inquiries is missing. Missing credit report inquiry letter. - Due Diligence Vendor-05/19/2026

Ready for Review-Document Uploaded. See uploaded letter - Seller-05/19/2026

Resolved-LOX for credit inquiries is present in file or not applicable. - Due Diligence Vendor-05/21/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

9271973

1142030

XXXX

Closed

finding-3532

2026-05-15 11:40

2026-05-20 10:52

Resolved

1 - Information

Compliance

TRID

Initial Closing Disclosure Delivery Date Test

Resolved-Received document tracking disclosure. Finding Resolved. - Due Diligence Vendor-05/20/2026
Ready for Review-Document Uploaded. Please see uploaded disclosure tracking summary - Seller-05/19/2026
Open-This loan failed the initial closing disclosure delivery date test due to one of the following findings:( 12 CFR §1026.19(f)(1)(ii) )The initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"XXXX" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. -----Initial CD XXXX is not signed and there is no evidence in file to determine if it was provided to borrower at least three days prior to closing date of XXXX. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-05/15/2026

Ready for Review-Document Uploaded. Please see uploaded disclosure tracking summary - Seller-05/19/2026

Resolved-Received document tracking disclosure. Finding Resolved. - Due Diligence Vendor-05/20/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

9221472

1142031

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

1142032

XXXX

Closed

FCRE1440

2026-05-18 19:05

2026-05-26 14:41

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-After further review- Property profile provided for XXXX shows the borrower’s mailing address as XXXX (previous primary residence) supporting this REO is an NOO investment property. The borrower has owned it > 1 year which qualifies them as an experienced investor.  - Due Diligence Vendor-05/26/2026
Counter-Received property profile reflecting borrower as owner.  Missing proof of managing non-owner
occupied residential real estate for at least one (1) year in the last three (3) years. Finding remains.  - Due Diligence Vendor-05/22/2026
Ready for Review-Document Uploaded. PDR attached confirms borrower has additional REO which would qualify as an experienced investor…as stated in suspense condition living rent free is acceptable for experienced investor. - Seller-05/20/2026
Open-Housing History Does Not Meet Guideline Requirements Per guides, no primary housing history is acceptable if:
• The borrower lives in a marital home that is owned or leased by the spouse, the mortgage or rent on the martial home must be current as evidence by a minimum of a 12-month rating or
• It is acceptable to live rent free for experienced investor who currently owns rental property.
The borrower is a first time investor who is living rent free.  Additional findings may apply. - Due Diligence Vendor-05/18/2026

Ready for Review-Document Uploaded. PDR attached confirms borrower has additional REO which would qualify as an experienced investor…as stated in suspense condition living rent free is acceptable for experienced investor. - Seller-05/20/2026

LTV is less than guideline maximum - Required is 85 Borrower has 80

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 808

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9265304

1142033

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

1152593

XXXX

Closed

FCRE0157

2026-05-21 13:23

2026-06-04 11:41

Resolved

1 - Information

Credit

Eligibility

Loan does not meet guideline requirements for loans listed for sale

Resolved-Received corrected 2nd appraisal confirming not listed within 12 months and matching 1st appraisal.  - Due Diligence Vendor-06/04/2026

Ready for Review-Document Uploaded. Uploaded updated appraisal attached confirming the subject was not listed in the last 12 months.  - Seller-06/02/2026

Open-Loan does not meet guideline requirements for loans listed for sale.  Per appraiser the property was listed in the last 12 months, however no delisting date or price was found in the file. - Due Diligence Vendor-05/21/2026

Ready for Review-Document Uploaded. Uploaded updated appraisal attached confirming the subject was not listed in the last 12 months. - Seller-06/02/2026

Resolved-Received corrected 2nd appraisal confirming not listed within 12 months and matching 1st appraisal. - Due Diligence Vendor-06/04/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 721

LTV is less than guideline maximum - Required is 70 Borrower has 65

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

9329352

1152594

XXXX

Closed

FCRE4104

2026-05-21 16:56

2026-06-05 15:24

Waived

2 - Non-Material

Credit

Missing Doc

Missing explanation and supporting documentation for large deposit(s)

Waived-Originator provided a waiver to proceed without validating large deposits as income source, applied to non material finding with comp factors - Due Diligence Vendor-06/05/2026
Ready for Review-Document Uploaded. PC exception uploaded - Seller-06/02/2026
Counter-Received confirmation deposits 8/13 $31,500, XXXX $23,000 are income based. Missing XXXX $59,1250 and XXXX $22,700 - Due Diligence Vendor-05/27/2026
Ready for Review-Document Uploaded. see attached - Seller-05/22/2026
Open-Large deposits of > $14,822 ($29,644 @ 50%) not sourced - XXXX $59,1250, XXXX $31,500, XXXX $23,000, XXXX $22,700. Additional conditions may apply pending reivew. - Due Diligence Vendor-05/21/2026

Ready for Review-Document Uploaded. PC exception uploaded - Seller-06/02/2026

Ready for Review-Document Uploaded. see attached - Seller-05/22/2026

Waived-Originator provided a waiver to proceed without validating large deposits as income source, applied to non material finding with comp factors - Due Diligence Vendor-06/05/2026

LTV is less than guideline maximum - Required is 75 Borrower has 50.63

Qualifying DTI below maximum allowed - Required is 50 Borrower has 29.65

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 783

LTV:  >10% below maximum
Ratios:  <43%
FICO:  > 10 points above minimum

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

9333820

1156101

XXXX

Closed

FCRE0210

2026-09-01 10:34

2026-09-01 10:35

Waived

2 - Non-Material

Credit

Eligibility

XX Prepayment Penalty Entity Loan - LLC/LP/LLP

Waived-Waiver applied to non-material finding. Loan closed in entity name.
- Due Diligence Vendor-09/01/2026
Open-Prepayment Penalty is not allowed. Per XXXX a prepayment penalty may only be applied to corporations, C-Corp and S-Corp specifically. Under XXXX Law, a prepayment penalty is not permitted to be charged to an LLC.
- Due Diligence Vendor-09/01/2026

Waived-Waiver applied to non-material finding. Loan closed in entity name.
- Due Diligence Vendor-09/01/2026

Months Reserves exceed minimum required - Reserves = 94 months – Required Reserves = 3 Months

Credit history exceeds minimum required - Credit History = 15 Months Minimum Credit History = 12 Months

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

11142019

1156103

XXXX

Closed

finding-3352

2026-05-21 13:10

2026-05-22 20:09

Resolved

1 - Information

Compliance

Points & Fees

Higher-Priced Mortgage Loan Test

Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-05/23/2026

Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-05/21/2026

Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-05/23/2026

Months Reserves exceed minimum required - 17 months reserves exceeds 3 months min per guides

Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.83

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

9328831

1159808

XXXX

Closed

FCRE0210

2026-09-01 10:39

2026-09-01 10:40

Waived

2 - Non-Material

Credit

Eligibility

XX Prepayment Penalty Entity Loan - LLC/LP/LLP

Waived-Waiver applied to non-material finding. Loan closed in entity name.
- Due Diligence Vendor-09/01/2026
Open-Per XXXX a prepayment penalty may only be applied to corporations, C-Corp and S-Corp specifically. Under XXXX Law, a prepayment penalty is not permitted to be charged to an LLC.
- Due Diligence Vendor-09/01/2026

Waived-Waiver applied to non-material finding. Loan closed in entity name.
- Due Diligence Vendor-09/01/2026

LTV is less than guideline maximum - Required is 85 Borrower has 80

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 812

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

11142096

1159808

XXXX

Closed

FCRE6844

2026-05-26 11:29

2026-06-09 10:16

Resolved

1 - Information

Credit

Assets

Gift Funds General

Resolved-Received Cashier Checks to document noted gift funds. - Due Diligence Vendor-06/09/2026

Ready for Review-Document Uploaded. checks uploaded for the gifts. - Seller-06/05/2026

Open-Gift fund wires or documentation of transmittal and receipt (for $10,000 and $11,000) were not found in file. Additional conditions may apply. - Due Diligence Vendor-05/26/2026

Ready for Review-Document Uploaded. checks uploaded for the gifts. - Seller-06/05/2026

Resolved-Received Cashier Checks to document noted gift funds. - Due Diligence Vendor-06/09/2026

LTV is less than guideline maximum - Required is 85 Borrower has 80

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 812

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9373050

1166848

XXXX

Closed

finding-3634

2026-05-26 11:29

2026-06-01 09:26

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved-Received COC for increase in fes. Finding Resolved. - Due Diligence Vendor-06/01/2026
Ready for Review-Document Uploaded. Please see the upl doc - Seller-05/29/2026
Open------Zero (0%) tolerance fees increased by $200.00 (Broker Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $200.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C. - Due Diligence Vendor-05/26/2026

Ready for Review-Document Uploaded. Please see the upl doc - Seller-05/29/2026

Resolved-Received COC for increase in fes. Finding Resolved. - Due Diligence Vendor-06/01/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 26.15

LTV is less than guideline maximum - Required is 80 Borrower has 68.88

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 762

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

9373044

1166848

XXXX

Closed

FCOM1353

2026-05-26 10:54

Waived

2 - Non-Material

Compliance

Disclosure

Incorrect ROR Form Type selected

Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-05/26/2026

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Post-Close

Yes

9371744

1171742

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

1171745

XXXX

Closed

FCRE0210

2026-09-01 10:49

2026-09-01 10:53

Waived

2 - Non-Material

Credit

Eligibility

XX Prepayment Penalty Entity Loan - LLC/LP/LLP

Waived-Waiver applied to non-material finding. Loan closed in entity name.
- Due Diligence Vendor-09/01/2026
Open-Prepayment Penalty is not allowed. Per XXXX a prepayment penalty may only be applied to corporations, C-Corp and S-Corp specifically. Under XXXX Law, a prepayment penalty is not permitted to be charged to an LLC.
- Due Diligence Vendor-09/01/2026

Waived-Waiver applied to non-material finding. Loan closed in entity name.
- Due Diligence Vendor-09/01/2026

LTV is less than guideline maximum - Required is 85 Borrower has 80 Required is 85 Borrower has 80

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 807 Required is 700 Borrower has 807

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

11142275

1171746

XXXX

Closed

FCRE1440

2026-05-29 12:34

2026-06-26 12:01

Waived

2 - Non-Material

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Waived-Originator waiver applied to non-material finding with comp factors- to allow FTI with missing 2 months of rental history, guidelines require 24 months, borrower having 22 months. - Due Diligence Vendor-06/26/2026
Ready for Review-Document Uploaded. uploaded XXXX rental payments. We’re missing XXXX, which is what the PC exception covers.  - Seller-06/25/2026
Ready for Review-Document Uploaded. PCE uploaded - Seller-06/25/2026
Counter-Received Lease agreement effective XXXX  IAO 1559.00 monthly.  Payment report is as of XXXX. 1003 indicate living at current address 2 years, but lease reflect less than 2 years.  Guideline require proof of 12 months and to document last 2 years of housing.  Additional finding may apply.  - Due Diligence Vendor-06/11/2026
Ready for Review-Document Uploaded. Uploaded is current lease agreement & XXXX rental payments for primary residence along w/revised commercial loan application reflecting correct primary status as renting. Borrower meets GL requirements for < 12 mos receipt of current primary housing payments.  - Seller-06/10/2026
Open-Housing History Does Not Meet Guideline Requirements Per title and loan application, the borrower is considered to be a first-time investor who is living rent-free at their primary residence. Per guides, no Primary housing history is acceptable if the borrower lives in a marital home that is owned or leased by the spouse, and the applicable mortgage or rent on the marital home is current, as evidenced by a minimum of a 12-month rating (sections XXXX). Please provide the necessary documentation required. - Due Diligence Vendor-05/29/2026

Ready for Review-Document Uploaded. uploaded XXXX rental payments. We’re missing XXXX & XXXX, which is what the PC exception covers. - Seller-06/25/2026
Ready for Review-Document Uploaded. PCE uploaded - Seller-06/25/2026
Ready for Review-Document Uploaded. Uploaded is current lease agreement & XXXX rental payments for primary residence along w/revised commercial loan application reflecting correct primary status as renting. Borrower meets GL requirements for < 12 mos receipt of current primary housing payments. - Seller-06/10/2026

DSCR % greater than 1.20 - Min DSCR is 1, Borrower has 1.621

Months Reserves exceed minimum required - 104 months cashout reserves exceeds min 3 months per guides.

Reserves of 105 months
minimal consumer debt
DSCR >1.25

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

Yes

9454757

1173952

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

1173953

XXXX

Closed

FCRE1440

2026-05-29 12:05

2026-06-05 15:21

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Received additional proof of mortgage payments made. - Due Diligence Vendor-06/05/2026

Ready for Review-Document Uploaded. 12 mos bank statements attached reflecting mtg payment for REO 3A. - Seller-06/04/2026

Open-Housing History Does Not Meet Guideline Requirements Property 3Ais missing a 12 month mortgage history - 6 months verification in file - Due Diligence Vendor-05/29/2026

Ready for Review-Document Uploaded. 12 mos bank statements attached reflecting mtg payment for REO 3A. - Seller-06/04/2026

Resolved-Received additional proof of mortgage payments made. - Due Diligence Vendor-06/05/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 762

Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income is $9,670 which is =/> 1.5 times $3,500

XXXX

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

9453954

1173953

XXXX

Closed

FCRE1506

2026-05-29 12:32

2026-06-05 15:19

Resolved

1 - Information

Credit

QM-ATR

Invalid Final QM Status - ATR/QM: Status Pending

Resolved-Received proof of mtg payments - Due Diligence Vendor-06/05/2026

Ready for Review-12 mos bank statements attached reflecting mtg payment for REO 3A. - Seller-06/04/2026

Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Property 3A is missing 6 additional months of mortgage history.
- Due Diligence Vendor-05/29/2026

Ready for Review-12 mos bank statements attached reflecting mtg payment for REO 3A. - Seller-06/04/2026

Resolved-Received proof of mtg payments - Due Diligence Vendor-06/05/2026

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

N/A

9454684

1173953

XXXX

Closed

FCRE1198

2026-05-29 12:46

2026-05-29 18:33

Waived

2 - Non-Material

Credit

Eligibility

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

Waived-Originator Waiver applied to Non-Material Finding with Comp Factors. Non-material due to less than 0.3 months short reserves. - Due Diligence Vendor-05/29/2026

Open-Audited Reserves of 5.7 month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-05/29/2026

Waived-Originator Waiver applied to Non-Material Finding with Comp Factors. Non-material due to less than 0.3 months short reserves. - Due Diligence Vendor-05/29/2026

QM: Higher Priced APOR (APOR HP)

XXXX

Primary Residence

Purchase

Originator Post-Close

9454962

1178810

XXXX

Closed

FCRE7000

2026-06-11 15:36

2026-06-11 15:46

Resolved

1 - Information

Credit

Missing Doc

Required forms/disclosures missing

Resolved-Received final HUD1 XXXX. - Due Diligence Vendor-06/11/2026
Open-Provide copy of Final Settlement Statement/HUD-1 and/or Closing Disclosure. - Due Diligence Vendor-06/11/2026

Resolved-Received final HUD1 XXXX. - Due Diligence Vendor-06/11/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 791

DSCR % greater than 1.20 - DSCR is 1.62

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

9700635

1178810

XXXX

Closed

FCRE1198

2026-06-01 15:27

2026-06-03 15:06

Resolved

1 - Information

Credit

Eligibility

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

Resolved-Received final settlement statement, borrower has sufficient cash back to cover reserve requirement - Due Diligence Vendor-06/03/2026

Ready for Review-Settlement statement uploaded - Seller-06/02/2026

Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) Missing settlement statement to affirm the reserve requirement. - Due Diligence Vendor-06/01/2026

Ready for Review-Settlement statement uploaded - Seller-06/02/2026

Resolved-Received final settlement statement, borrower has sufficient cash back to cover reserve requirement - Due Diligence Vendor-06/03/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 791

DSCR % greater than 1.20 - DSCR is 1.62

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

9486538

1178810

XXXX

Closed

FCRE0700

2026-06-01 11:23

2026-06-03 13:08

Resolved

1 - Information

Credit

Missing Doc

Closing Detail Statement Document is Missing

Resolved-Received final HUD1 XXXX. Finding Resolved. - Due Diligence Vendor-06/03/2026
Ready for Review-Document Uploaded. upload final statement - Seller-06/02/2026
Open-Closing Detail Statement Document is Missing and subject property is an Investment property. - Due Diligence Vendor-06/01/2026

Ready for Review-Document Uploaded. upload final statement - Seller-06/02/2026

Resolved-Received final HUD1 XXXX. Finding Resolved. - Due Diligence Vendor-06/03/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 791

DSCR % greater than 1.20 - DSCR is 1.62

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

9480094

1178812

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

1182553

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

1184651

XXXX

Closed

FCRE1232

2026-06-05 10:48

2026-06-11 11:55

Waived

2 - Non-Material

Credit

Eligibility

Calculated DSCR does not meet the Minimum DSCR allowed

Waived-Originator provided a waiver for calculated DSCR not meeting the minimum requirement, applied to non material finding with reviewed comp factors - Due Diligence Vendor-06/11/2026

Ready for Review-Document Uploaded. PCE uploaded - Seller-06/10/2026

Open-The Calculated DSCR of '1.115' is less than the minimum DSCR per lender guidelines of '1.15'. Ownership less than 6 months and cash out requires DSCR of 1.15. - Due Diligence Vendor-06/06/2026

Ready for Review-Document Uploaded. PCE uploaded - Seller-06/10/2026

Waived-Originator provided a waiver for calculated DSCR not meeting the minimum requirement, applied to non material finding with reviewed comp factors - Due Diligence Vendor-06/11/2026

Months Reserves exceed minimum required - 37.5 Months cashout reserves exceeds 6 months per guides

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 722

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

Originator Post-Close

9580207

1184653

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

1186693

XXXX

Closed

finding-3352

2026-06-05 09:48

2026-06-08 12:45

Resolved

1 - Information

Compliance

Points & Fees

Higher-Priced Mortgage Loan Test

Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/08/2026

Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. ----- Despite passing HPML tests, disclosed APR of 7.984% on Final CD is above threshold of 7.920%. This was disclosed inaccurately to borrower, making this an HPML loan. - Due Diligence Vendor-06/05/2026

Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/08/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 25.3

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 727

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

9578240

1186697

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

1188450

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

1188452

XXXX

Closed

FCRE7347

2026-06-09 14:21

2026-07-10 10:47

Resolved

1 - Information

Credit

Missing Doc

Missing Lease Agreement

Resolved-System updated to use actual rent. The guides require proof on 1-month rent received and a copy of the lease. - Due Diligence Vendor-06/25/2026
Ready for Review-Document Uploaded. Revised loan approval attached using the lower market rent from the 1007; DSCR > 1. - Seller-06/18/2026
Open-Lease in file. The borrower's XXXX reflects multiple deposit figures in XXXX from XXXX; however, the borrower also owns multiple properties in XXXX. Lender to provide documentation to verify the XXXX Housing Authority has approved subject property lease at $6,500 per month and the amount tenant is responsible to pay. Additional conditions may apply. - Due Diligence Vendor-06/09/2026

Ready for Review-Document Uploaded. Revised loan approval attached using the lower market rent from the 1007; DSCR > 1. - Seller-06/18/2026

Resolved-System updated to use actual rent. The guides require proof on 1-month rent received and a copy of the lease. - Due Diligence Vendor-06/25/2026

DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0 Borrower has 2.043

Months Reserves exceed minimum required - 45 months reserves exceed 0 months required per guides

On time mortgage history exceeds guideline requirement - On Time Mortgage History = 38 Months Required = 12 months

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

9634889

1188452

XXXX

Closed

FPRO1257

2026-06-09 07:11

2026-06-11 11:59

Resolved

1 - Information

Property

Value

Primary Property Value is not Substantiated

Resolved-**Received Desk Review supporting the appraised value. - Due Diligence Vendor-06/11/2026

Ready for Review-Document Uploaded. CDA uploaded - Seller-06/10/2026

Open-The Primary Property Value is unsubstantiated. Additional valuation product is required. CU and LCA scoresexceed 2.5. Lender to provide a superior valuation product to substantiate the appraised value. Additional conditions may apply. - Due Diligence Vendor-06/09/2026

Ready for Review-Document Uploaded. CDA uploaded - Seller-06/10/2026

Resolved-**Received Desk Review supporting the appraised value. - Due Diligence Vendor-06/11/2026

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

N/A

9624620

1188454

XXXX

Closed

finding-3634

2026-06-08 10:30

2026-06-11 10:59

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved-Received COC's for increase in fees. Finding Resolved. - Due Diligence Vendor-06/11/2026
Ready for Review-Document Uploaded. We have all the COC for each CD that points increased. Please point out exactly which CD is missing a Valid COC. We don't know how you came up with 3,600.20 - Seller-06/10/2026
Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $3,600.20.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Zero (0%) tolerance fees increased by $3,600.20 (Points) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $3,600.20, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-06/08/2026

Ready for Review-Document Uploaded. We have all the COC for each CD that points increased. Please point out exactly which CD is missing a Valid COC. We don't know how you came up with 3,600.20 - Seller-06/10/2026

Resolved-Received COC's for increase in fees. Finding Resolved. - Due Diligence Vendor-06/11/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.04

Verified employment history exceeds guidelines - Borrower has been self-employed for 8 years

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

9605663

1188454

XXXX

Closed

finding-3540

2026-06-08 10:30

2026-06-11 10:45

Resolved

1 - Information

Compliance

TRID

Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test

Resolved-Received at closing. Finding Resolved. - Due Diligence Vendor-06/11/2026
Ready for Review-Document Uploaded. See Disclosure Tracking Summary. - Seller-06/10/2026
Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"XXXX" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. ----- CD XXXX is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-06/08/2026

Ready for Review-Document Uploaded. See Disclosure Tracking Summary. - Seller-06/10/2026

Resolved-Received at closing. Finding Resolved. - Due Diligence Vendor-06/11/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.04

Verified employment history exceeds guidelines - Borrower has been self-employed for 8 years

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

9605662

1190903

XXXX

Closed

FCRE1176

2026-06-10 09:00

2026-06-12 10:12

Resolved

1 - Information

Credit

Insurance

HO6 Insurance Policy Effective Date is after the Note Date

Resolved-Received updated policy with an effective date of XXXX - Due Diligence Vendor-06/12/2026
Ready for Review-Document Uploaded. Ho6 policy is effective XXXX - Seller-06/11/2026
Open-HO-6 Insurance Policy Effective Date of XXXX is after the Note Date of XXXX - Due Diligence Vendor-06/10/2026

Ready for Review-Document Uploaded. Ho6 policy is effective XXXX - Seller-06/11/2026

Resolved-Received updated policy with an effective date of XXXX - Due Diligence Vendor-06/12/2026

Qualifying DTI below maximum allowed - Required is 45 Borrower has 37.72

Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 726

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

9652825

1192800

XXXX

Closed

FCRE1194

2026-06-10 16:25

2026-06-19 15:20

Waived

2 - Non-Material

Credit

Eligibility

Audited LTV Exceeds Guideline LTV

Waived-Originator provided a waiver for property is >2 acres allowing 80% LTV, applied to non material finding with comp factors - Due Diligence Vendor-06/16/2026

Ready for Review-Document Uploaded. please see attached the PCE - Seller-06/15/2026

Open-Audited LTV of 80% exceeds Guideline LTV of 75% Properties exceeding 2 acres are restricted to a maximum LTV of 75% on a purchase. Appraisal reflects the subject is 4.76 acres. - Due Diligence Vendor-06/11/2026

Ready for Review-Document Uploaded. please see attached the PCE - Seller-06/15/2026

Waived-Originator provided a waiver for property is >2 acres allowing 80% LTV, applied to non material finding with comp factors - Due Diligence Vendor-06/16/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 708

Months Reserves exceed minimum required - 46.94 months reserves, none required.

DSCR >1.25
FICO>10pt above required

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

Originator Post-Close

Yes

9669649

1195498

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

1195501

XXXX

Closed

FCRE1964

2026-06-12 19:46

2026-06-24 10:48

Waived

2 - Non-Material

Credit

Missing Doc

Missing income documentation

Waived-Originator provided a waiver for no evidence of one month's distribution of non retirement funds prior to close,  applied to non material finding with comp factors  - Due Diligence Vendor-06/24/2026
Ready for Review-Document Uploaded. uploaded PCE - Seller-06/22/2026
Counter-Per GL 1.7.11.1 RESTRICTIONS:  Non-retirement assets may be set up for regular distribution payments and used as qualifying income. Regular
distributions from non-retirement assets must be set up and one month’s distribution received prior to closing. Finding remains and other conditions may apply - Due Diligence Vendor-06/18/2026
Ready for Review-Document Uploaded. Our guidelines do not require a distribution to use asset utilization income on XXXX.  Uploaded snips, please clear. - Seller-06/17/2026
Open-Non-retirement assets may be set up for regular distribution payments and used as qualifying income. Regular distributions from non-retirement assets must be set up, and one month’s distribution must be received prior to closing. The loan file is missing evidence of one month's distribution prior to closing from XXXX for the assets to be deemed eligible income. Additional conditions may apply. - Due Diligence Vendor-06/12/2026

Ready for Review-Document Uploaded. uploaded PCE - Seller-06/22/2026
Ready for Review-Document Uploaded. Our guidelines do not require a distribution to use asset utilization income on XXXX. Uploaded snips, please clear. - Seller-06/17/2026

LTV is less than guideline maximum - Required is 75 Borrower has 37.7

Qualifying DTI below maximum allowed - Required is 43 Borrower has 19.23

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 787

LTV : 10% below maximum
FICO >10 points above minimum

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

Originator Post-Close

Yes

9731696

1195501

XXXX

Closed

FCRE1159

2026-06-12 09:06

2026-06-17 10:03

Resolved

1 - Information

Credit

Insurance

Hazard Insurance Effective Date is after the Note Date

Resolved-Received HOI policy from XXXX. Hazard Insurance policy provided initial was XXXX - Due Diligence Vendor-06/17/2026
Ready for Review-Document Uploaded. Current HOI (XXXX) was included in original submission, reuploaded - Seller-06/16/2026
Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX Hazard Insurance was not in effect at the time the loan closed. - Due Diligence Vendor-06/12/2026

Ready for Review-Document Uploaded. Current HOI (XXXX) was included in original submission, reuploaded - Seller-06/16/2026

Resolved-Received HOI policy from XXXX. Hazard Insurance policy provided initial was XXXX - Due Diligence Vendor-06/17/2026

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

N/A

9714509

1197639

XXXX

Closed

FCOM1227

2026-06-15 11:34

2026-06-17 10:07

Resolved

1 - Information

Credit

Missing Doc

PUD Rider is Missing

Resolved-Received executed PUD Rider - Due Diligence Vendor-06/17/2026

Ready for Review-This was already provided, see file uploads. Reuploaded - Seller-06/16/2026

Open-PUD Rider is Missing - Due Diligence Vendor-06/15/2026

Ready for Review-This was already provided, see file uploads. Reuploaded - Seller-06/16/2026

Resolved-Received executed PUD Rider - Due Diligence Vendor-06/17/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.15

Months Reserves exceed minimum required - 8 months

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

9747943

1197639

XXXX

Closed

finding-3352

2026-06-12 11:57

2026-06-15 13:07

Resolved

1 - Information

Compliance

Points & Fees

Higher-Priced Mortgage Loan Test

Resolved-Loan contains full appraisal and escrows, meeting HPML compliance - Due Diligence Vendor-06/15/2026

Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-06/12/2026

Resolved-Loan contains full appraisal and escrows, meeting HPML compliance - Due Diligence Vendor-06/15/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.15

Months Reserves exceed minimum required - 8 months

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

9720044

1197640

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

1199800

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

1199802

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

1199803

XXXX

Closed

FCRE0970

2026-06-16 12:44

2026-06-26 11:50

Resolved

1 - Information

Credit

Eligibility

Appraisal has issues (credit)

Resolved-Received updated Appraisal that reflects Builder Not in Control - Due Diligence Vendor-06/26/2026

Ready for Review-Document Uploaded. Attached is revised appraisal reflecting builder/developer not in control.

- Seller-06/24/2026

Open-Appraiser to address discrepancy between appraisal and HOA questionnaire relating to control of the HOA. Per the appraisal, the builder is in control; per the questionnaire, it is the unit owners. Additional conditions may apply. - Due Diligence Vendor-06/16/2026

Ready for Review-Document Uploaded. Attached is revised appraisal reflecting builder/developer not in control.

- Seller-06/24/2026

Resolved-Received updated Appraisal that reflects Builder Not in Control - Due Diligence Vendor-06/26/2026

LTV is less than guideline maximum - Required is 80 Borrower has 68.6

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 807

Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.25

XXXX

QM: Safe Harbor Verified (V SH)

XXXX

Second Home

Refinance

No Cash Out - Borrower Initiated

N/A

9771022

1199805

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

1199806

XXXX

Closed

finding-3617

2026-06-15 10:34

2026-06-19 12:41

Resolved

1 - Information

Compliance

TRID

TRID Initial Closing Disclosure Date and Funding Date Validation Test

Resolved-Received PCCD XXXX. Finding Resolved. - Due Diligence Vendor-06/19/2026
Ready for Review-Document Uploaded. Please see uploaded PCCD, refund check & XXXX label - Seller-06/19/2026
Open-This loan failed the TRID closing disclosure date and funding date validation test.This loan contains a closing disclosure receipt date (or closing disclosure delivery date if receipt date was not provided) that is after the funding date. Please review the loan data to ensure the dates are in the correct fields. -----Final CD shows disbursement date of XXXX, but closing date is XXXX. Provide evidence the loan did not disburse prior to closing. - Due Diligence Vendor-06/15/2026

Ready for Review-Document Uploaded. Please see uploaded PCCD, refund check & XXXX label - Seller-06/19/2026

Resolved-Received PCCD XXXX. Finding Resolved. - Due Diligence Vendor-06/19/2026

LTV is less than guideline maximum - Required is 85 Borrower has 80 Required is 85 Borrower has 80

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 765 Required is 680 Borrower has 765

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

9745165

1199806

XXXX

Closed

FPRO1136

2026-06-16 11:40

2026-06-19 12:03

Resolved

1 - Information

Property

Appraisal

Subject property appraisal is not on an as-is basis (Primary Value)

Resolved-Received 1004D, new construction completed - Due Diligence Vendor-06/19/2026

Ready for Review-Document Uploaded. Please see uploaded 1004D - Seller-06/17/2026

Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present Missing Appraisal Completion Report. - Due Diligence Vendor-06/16/2026

Ready for Review-Document Uploaded. Please see uploaded 1004D - Seller-06/17/2026

Resolved-Received 1004D, new construction completed - Due Diligence Vendor-06/19/2026

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

9768610

1203583

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Second Home

Purchase

1203586

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

1209041

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

1211085

XXXX

Closed

FCRE1292

2026-06-22 12:01

2026-07-15 10:42

Resolved

1 - Information

Credit

Income/Employment

Income 1 Months Income Verified is Missing

Resolved-Received XXXX statements, XXXX in file, asset worksheet and 1008 - Due Diligence Vendor-07/15/2026
Ready for Review-Good morning, we should not need the XXXX statements for due to the application date being XXXX. XXXX Bank statements have been provided, please review and advise,thank you - Seller-07/14/2026
Counter-Received asset depletion worksheet confirming only using XXXX. Missing XXXX (have XXXX only). Missing XXXXstatement for combo XXXX. Must have 3 months complete most recent statements to meet guidelines 1.7.11.3 - Due Diligence Vendor-07/09/2026
Ready for Review-Document Uploaded. We are only using those 2 accounts for depletion, and they meet the guidelines for 90 days history - Seller-07/08/2026
Counter-Received XXXX statements for accts XXXX. Condition remains, 1.7.11.3 requires most recent 3 account statements, Please refer to original condition. - Due Diligence Vendor-07/01/2026
Ready for Review-Document Uploaded. upload 3 months of bank statements - Seller-06/29/2026
Open-Income 1 Months Income Verified is Missing Asset Depletion - Missing 2 statements (XXXX in file). Asset 2 - Missing 2 statements (XXXX in file). Asset 3 - Missing altogether, but not needed to qualify. Asset 4 - Missing 2 statements and XXXX only has page 1 in file. Asset 5 -XXXX statement has only 1 page - Due Diligence Vendor-06/22/2026

Ready for Review-Good morning, we should not need the XXXX statements for due to the application date being XXXX. XXXX Bank statements have been provided, please review and advise,thank you - Seller-07/14/2026
Ready for Review-Document Uploaded. We are only using those 2 accounts for depletion, and they meet the guidelines for 90 days history - Seller-07/08/2026
Ready for Review-Document Uploaded. upload 3 months of bank statements - Seller-06/29/2026

Resolved-Received XXXX statements, XXXX in file, asset worksheet and 1008 - Due Diligence Vendor-07/15/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 746 Required is 660 Borrower has 746

LTV is less than guideline maximum - Required is 85 Borrower has 80 Required is 85 Borrower has 80

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

N/A

9866118

1211090

XXXX

Closed

FPRO1136

2026-06-22 13:08

2026-07-10 09:03

Resolved

1 - Information

Property

Appraisal

Subject property appraisal is not on an as-is basis (Primary Value)

Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - Due Diligence Vendor-07/10/2026

Ready for Review-Document Uploaded. 1004D uploaded - Seller-07/09/2026

Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present. 1004D not provided, appraisal subject to water heater straps and CO/smoke detectors. - Due Diligence Vendor-06/22/2026

Ready for Review-Document Uploaded. 1004D uploaded - Seller-07/09/2026

Resolved-Primary Value for Subject Property Appraisal is completed on an As-Is Basis, the 1004D Completion Report is fully or partially present, or Not Applicable - Due Diligence Vendor-07/10/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 770

Qualifying DTI below maximum allowed - Required is 50 Borrower has 42.18

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

9868620

1211090

XXXX

Closed

finding-3652

2026-06-19 12:49

2026-06-23 11:57

Resolved

1 - Information

Compliance

TRID

Lender Credits That Cannot Decrease Test

Resolved-Upon further review, the document(s) are located in original file, nothing further required. - Due Diligence Vendor-06/23/2026

Ready for Review-please clear as this loan has a full appraisal and it has impounds - Seller-06/23/2026

Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($2,763.96) does not exceed or equal the comparable sum of specific and non-specific lender credits ($2,764.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ------ Due to Rounding - Due Diligence Vendor-06/19/2026

Ready for Review-please clear as this loan has a full appraisal and it has impounds - Seller-06/23/2026

Resolved-Upon further review, the document(s) are located in original file, nothing further required. - Due Diligence Vendor-06/23/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 770

Qualifying DTI below maximum allowed - Required is 50 Borrower has 42.18

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

N/A

9845353

1212034

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

1213326

XXXX

Closed

FCRE1440

2026-06-24 07:08

2026-06-26 09:31

Resolved

1 - Information

Credit

Eligibility

Housing History Does Not Meet Guideline Requirements

Resolved-Letter from landlord received and includes all information required. - Due Diligence Vendor-06/26/2026

Ready for Review-Rebuttal:
The letter from Landlord included with credit file, displays all parts of the VOR and it’s signed by Landlord.
It does meet all VOR requirements. It’s just in a letter format rather than on a VOR form. Please review and advise..
- Seller-06/26/2026

Open-Housing History Does Not Meet Guideline Requirements . Letter from landlord does not meet VOR requirements. If an applicant rents from a professional management company or a private party, a fully completed VOR is required OR the borrower may provide the most recent 12 months’ consecutive cancelled checks (front and back) along with a copy of the lease as an alternative to the VOR. - Due Diligence Vendor-06/24/2026

Ready for Review-Rebuttal:
The letter from Landlord included with credit file, displays all parts of the VOR and it’s signed by Landlord.
It does meet all VOR requirements. It’s just in a letter format rather than on a VOR form. Please review and advise..
- Seller-06/26/2026

Resolved-Letter from landlord received and includes all information required. - Due Diligence Vendor-06/26/2026

Qualifying DTI below maximum allowed - Required is 50.01 Borrower has 40.98

Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 784

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

N/A

9909523

1213330

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

No Cash Out - Borrower Initiated

1216796

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

1218340

XXXX

Closed

FCRE0008

2026-06-29 22:32

2026-07-01 10:36

Resolved

1 - Information

Credit

Eligibility

Prepayment Penalty Discrepancy

Resolved-The lender confirmed, there is no prepay on this loan. - Due Diligence Vendor-07/01/2026
Open-Tape reflects the loan has a prepay penalty with 5% interest but does not provide a prepay term. It should be noted there is no evidence of a prepayment penalty in file and PPP's are prohibited in XXXX. - Due Diligence Vendor-06/30/2026

Resolved-The lender confirmed, there is no prepay on this loan. - Due Diligence Vendor-07/01/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 735

DSCR % greater than 1.20 - Required is 0 Borrower has 1.453 Required is 0 Borrower has 1.453

LTV is less than guideline maximum - Required is 70 Borrower has 42.82

Months Reserves exceed minimum required - 112 months reserves exceeds 3 months per guides

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

9992228

1220413

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

Cash Out - Other

1224899

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

1224905

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

1226752

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Refinance

Cash Out - Other

1232916

XXXX

Closed

FCRE1509

2026-07-08 11:56

2026-07-23 12:03

Resolved

1 - Information

Credit

Closing

Issues exist on the Note Document

Resolved-Received Note/Mortgage corrected - Due Diligence Vendor-07/23/2026
Ready for Review-Document Uploaded. Revised Note and Mtg uploaded - Seller-07/22/2026
Open-There are Issues Present on the Note that must be addressed. Originator NMLS matches Broker NMLS on Note at XXXX. Broker NMLS is incorrect. - Due Diligence Vendor-07/08/2026

Ready for Review-Document Uploaded. Revised Note and Mtg uploaded - Seller-07/22/2026

Resolved-Received Note/Mortgage corrected - Due Diligence Vendor-07/23/2026

Qualifying DTI below maximum allowed - Required is 50 Borrower has 27.7

Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 650

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10123636

1236759

XXXX

Closed

FCRE1241

2026-07-13 13:19

2026-07-28 11:31

Resolved

1 - Information

Credit

Missing Doc

Purchase Contract is Missing

Resolved-PCCD received, seller paid CC is less than disclosed on contract - Due Diligence Vendor-07/28/2026

Ready for Review-Updated addedum is not needed, only if we use more than the 36k then we would need an updated addendum, but we didn’t, we use less therefore one is not required. thanks   - Seller-07/27/2026

Counter-Received PCCD that reflect Seller Credit (L5) $30,246.80.  Addendum in loan file indicate seller credit of $36,000.  Missing updated addendum reflecting amount  disclosed on PCCD.  - Due Diligence Vendor-07/20/2026

Ready for Review-Document Uploaded. PCCD upload showing seller credit  - Seller-07/17/2026

Counter-Finding remains... CD reflects seller paid fees in the amount of $30246.80. If there is a PCCD please provide otherwise will need a copy of the addendum supporting the amount in finding - Due Diligence Vendor-07/15/2026

Ready for Review-That amount was adjusted as showing on the final CD - Seller-07/14/2026

Open-Loan Purpose is Purchase but Purchase Contract is Missing. Missing copy of the Purchase Contract Addendum supporting seller paid fees in the amount of $30,246.80. - Due Diligence Vendor-07/13/2026

Ready for Review-Updated addedum is not needed, only if we use more than the 36k then we would need an updated addendum, but we didn’t, we use less therefore one is not required. thanks - Seller-07/27/2026

Ready for Review-Document Uploaded. PCCD upload showing seller credit - Seller-07/17/2026

Ready for Review-That amount was adjusted as showing on the final CD - Seller-07/14/2026

Resolved-PCCD received, seller paid CC is less than disclosed on contract - Due Diligence Vendor-07/28/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 737

Credit history exceeds minimum required - >2 years

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10209755

1236759

XXXX

Closed

FCRE1158

2026-07-13 13:49

2026-07-20 10:21

Resolved

1 - Information

Credit

Missing Doc

Hazard Insurance Policy is Partial

Resolved-Received HOI and lender explanation. - Due Diligence Vendor-07/20/2026
Ready for Review-Document Uploaded. Updated 1008 attached. Both policies are for the subject, with the XXXX policy covering the front duplex and the XXXX ½ policy covering the third unit in the rear - Seller-07/17/2026
Counter-There appears to be 2 policies on subject property, 2nd policy provided has an address of XXXX. Please confirm with Insurance agent that both policies are for subject property as I cannot locate any other document in file with the 1/2 after the address. Also, if this is for subject property, please provide updated 1008 reflecting total premium for both policies. - Due Diligence Vendor-07/15/2026
Ready for Review-Document Uploaded. Upload is all pages of hazard policy - Seller-07/14/2026
Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Hazard Insurance Policy is only Partially Provided. Missing insurance policy for additional coverage. (premium of XXXX). - Due Diligence Vendor-07/13/2026

Ready for Review-Document Uploaded. Updated 1008 attached. Both policies are for the subject, with the XXXX policy covering the front duplex and the XXXX ½ policy covering the third unit in the rear - Seller-07/17/2026
Ready for Review-Document Uploaded. Upload is all pages of hazard policy - Seller-07/14/2026

Resolved-Received HOI and lender explanation. - Due Diligence Vendor-07/20/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 737

Credit history exceeds minimum required - >2 years

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10210335

1236759

XXXX

Closed

finding-3634

2026-07-10 09:50

2026-07-15 12:17

Resolved

1 - Information

Compliance

TRID

Charges That Cannot Increase Test

Resolved-Received Document Tracking, borrower received at closing. Finding Resolved. - Due Diligence Vendor-07/15/2026
Ready for Review-Document Uploaded. Upload is the PCCD - Seller-07/15/2026
Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $2,927.60.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $2927.60 (Discount Points) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $2927.60 post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX. remains EV3C - Due Diligence Vendor-07/10/2026

Ready for Review-Document Uploaded. Upload is the PCCD - Seller-07/15/2026

Resolved-Received Document Tracking, borrower received at closing. Finding Resolved. - Due Diligence Vendor-07/15/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 737

Credit history exceeds minimum required - >2 years

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10174777

1236759

XXXX

Closed

finding-3540

2026-07-10 09:50

2026-07-15 12:17

Resolved

1 - Information

Compliance

TRID

Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test

Resolved-Received Document Tracking, borrower received at closing. Finding Resolved. - Due Diligence Vendor-07/15/2026
Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"XXXX" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. ------CD XXXX and XXXX is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-07/10/2026

Resolved-Received Document Tracking, borrower received at closing. Finding Resolved. - Due Diligence Vendor-07/15/2026

Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 737

Credit history exceeds minimum required - >2 years

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Purchase

N/A

10174776

1240960

XXXX

Non-QM: Lender documented all ATR UW factors

XXXX

Primary Residence

Refinance

No Cash Out - Borrower Initiated

1255221

XXXX

Closed

FCRE1151

2026-07-20 17:25

2026-07-22 09:54

Resolved

1 - Information

Credit

Title

Satisfactory Chain of Title not Provided

Resolved-Received Warranty Deed list borrower as Grantor - Due Diligence Vendor-07/22/2026

Ready for Review-Document Uploaded. see attached Warranty Deed - Seller-07/21/2026

Open-Unsatisfactory Chain of Title provided. Missing quit claim to entity - Due Diligence Vendor-07/20/2026

Ready for Review-Document Uploaded. see attached Warranty Deed - Seller-07/21/2026

Resolved-Received Warranty Deed list borrower as Grantor - Due Diligence Vendor-07/22/2026

DSCR % greater than 1.20 - DSCR is at 1.441

Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 735

XXXX

ATR/QM: Exempt

XXXX

Investment

Refinance

Cash Out - Other

N/A

10362550

1256772

XXXX

QM: Safe Harbor APOR (APOR SH)

XXXX

Primary Residence

Purchase

1258616

XXXX

ATR/QM: Exempt

XXXX

Investment

Purchase

Redaction ID

Loan ID

Seller Loan ID

Investor Loan ID

Original Loan Amount

Initial Credit Loan Grades DBRS

Initial Credit Loan Grades Fitch

Initial Credit Loan Grades Kroll

Initial Credit Loan Grades Moody's

Initial Credit Loan Grades S&P

Initial Compliance Loan Grades DBRS

Initial Compliance Loan Grades Fitch

Initial Compliance Loan Grades Kroll

Initial Compliance Loan Grades Moody's

Initial Compliance Loan Grades S&P

Initial Property Loan Grades DBRS

Initial Property Loan Grades Fitch

Initial Property Loan Grades Kroll

Initial Property Loan Grades Moody's

Initial Property Loan Grades S&P

Initial Overall Loan Grades DBRS

Initial Overall Loan Grades Fitch

Initial Overall Loan Grades Kroll

Initial Overall Loan Grades Moody's

Initial Overall Loan Grades S&P

Final Credit Loan Grades DBRS

Final Credit Loan Grades Fitch

Final Credit Loan Grades Kroll

Final Credit Loan Grades Moody's

Final Credit Loan Grades S&P

Final Compliance Loan Grades DBRS

Final Compliance Loan Grades Fitch

Final Compliance Loan Grades Kroll

Final Compliance Loan Grades Moody's

Final Compliance Loan Grades S&P

Final Property Loan Grades DBRS

Final Property Loan Grades Fitch

Final Property Loan Grades Kroll

Final Property Loan Grades Moody's

Final Property Loan Grades S&P

Final Overall Loan Grades DBRS

Final Overall Loan Grades Fitch

Final Overall Loan Grades Kroll

Final Overall Loan Grades Moody's

Final Overall Loan Grades S&P

973262

XXXX

1074552

XXXX

1125860

XXXX

1128606

XXXX

1131867

XXXX

1132034

XXXX

1135466

XXXX

1135558

XXXX

1135559

XXXX

1135560

XXXX

1136656

XXXX

1136660

XXXX

1137129

XXXX

1138224

XXXX

1140223

XXXX

1140227

XXXX

1142028

XXXX

1142030

XXXX

1142031

XXXX

1142032

XXXX

1142033

XXXX

1152593

XXXX

1152594

XXXX

1156101

XXXX

1156103

XXXX

1159808

XXXX

1166848

XXXX

1171742

XXXX

1171745

XXXX

1171746

XXXX

1173952

XXXX

1173953

XXXX

1178810

XXXX

1178812

XXXX

1182553

XXXX

1184651

XXXX

1184653

XXXX

1186693

XXXX

1186697

XXXX

1188450

XXXX

1188452

XXXX

1188454

XXXX

1190903

XXXX

1192800

XXXX

1195498

XXXX

1195501

XXXX

1197639

XXXX

1197640

XXXX

1199800

XXXX

1199802

XXXX

1199803

XXXX

1199805

XXXX

1199806

XXXX

1203583

XXXX

1203586

XXXX

1209041

XXXX

1211085

XXXX

1211090

XXXX

1212034

XXXX

1213326

XXXX

1213330

XXXX

1216796

XXXX

1218340

XXXX

1220413

XXXX

1224899

XXXX

1224905

XXXX

1226752

XXXX

1232916

XXXX

1236759

XXXX

1240960

XXXX

1255221

XXXX

1256772

XXXX

1258616

XXXX

Redaction ID

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

Qualifying Credit Score

Third Wage Earner Original FICO Equifax

Third Wage Earner Original FICO Experian

Third Wage Earner Original FICO Transunion

973262

XXXX

12/01/2025

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.250%

XXXX

$1,481.04

$123.42

$0.00

$3,157.84

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.013

1.0

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 W2 1099 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 W2 1099 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

12/02/2025

01/12/2026

739

1074552

XXXX

10/28/2025

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

8.000%

XXXX

Yes

20.000%

XXXX

$3,804.96

$317.08

$500.04

$41.67

$0.00

$6,237.63

N/A

XXXX

$41.67

Annually

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.24

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

02/25/2026

701

1125860

XXXX

03/02/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

31972

03/16/2026

6.120%

Manual Underwriting

7.182%

7.000%

XXXX

$6,945.00

$578.75

$0.00

$19,318.21

$97,605.86

N/A

$0.00

0.00%

22.63%

Self-Employed

Not Employed

12 Month Bank Statement

N/A

Yes

N/A

100.00%

N/A

Yes

N/A

Borrower - SECorporation, Other REO Net Rental Income(Loss), Other REO Net Rental Income(Loss) - CPA Letter Verified, 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2025, 2026 || Co Borrower - 3 YRS Executed 4506T Verified

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026 || Co Borrower - 3 YRS Executed 4506T Verified

XXXX

03/03/2026

674

1128606

XXXX

03/02/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

QM Points and Fees Exceeded

15896

03/16/2026

6.120%

Manual Underwriting

7.780%

7.125%

XXXX

$8,969.04

$747.42

$0.00

$3,336.68

$5,757.27

N/A

$0.00

0.00%

46.81%

Self-Employed

12 Month Bank Statement

Yes

0.00%

100.00%

N/A

Yes

N/A

Borrower - SESoleProprietor - CPA Letter Verified, 3 YRS Executed 4506T Verified, Personal Bank Statements Verified, Business Bank Statements Verified - 2026, 2025

Borrower - 3 YRS Executed 4506T Verified - 2026, 2025

XXXX

03/09/2026

684

1131867

XXXX

01/28/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.375%

XXXX

Yes

18.000%

XXXX

$1,999.44

$166.62

$0.00

$2,236.59

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.103

1.1

XXXX

04/09/2026

778

1132034

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.500%

XXXX

Yes

20.000%

XXXX

$2,172.00

$181.00

$0.00

$10,443.32

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.556

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

04/27/2026

802

1135466

XXXX

01/28/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.750%

XXXX

$2,106.36

$175.53

$0.00

$2,355.68

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Stocks/Bonds

Yes

1.019

1.01

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

04/06/2026

711

1135558

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.375%

XXXX

Yes

20.000%

XXXX

$1,020.96

$85.08

$800.04

$66.67

$0.00

$2,558.52

N/A

XXXX

$66.67

Annually

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.544

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

03/22/2026

721

1135559

XXXX

03/23/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

5980

04/20/2026

6.300%

Manual Underwriting

7.593%

7.375%

7.750%

XXXX

$1,721.04

$143.42

$0.00

$3,117.62

$8,218.97

N/A

$0.00

0.00%

39.64%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

N/A

Borrower - SECorporation, Other REO Net Rental Income(Loss) - 3 YRS Executed 4506T Verified, Personal Bank Statements Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

03/27/2026

751

1135560

XXXX

03/23/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

APOR Threshold

5784

04/20/2026

6.300%

Manual Underwriting

9.188%

8.750%

XXXX

$1,614.12

$134.51

$0.00

$2,132.08

$7,448.21

N/A

$0.00

0.00%

34.29%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

N/A

Yes

N/A

Borrower - SESoleProprietor - CPA Letter Verified, 3 YRS Executed 4506T Verified, Personal Bank Statements Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

04/17/2026

720

1136656

XXXX

01/28/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

$0.00

7.750%

XXXX

Yes

18.000%

XXXX

$960.96

$80.08

$0.00

$1,221.19

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.388

1.38

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

1136660

XXXX

05/06/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.750%

XXXX

$2,034.24

$169.52

$0.00

$4,763.56

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.225

1.21

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

04/06/2026

795

1137129

XXXX

03/23/2026

XXXX

QM: Higher Priced APOR (APOR HP)

Yes

N/A

11005

04/20/2026

6.300%

Manual Underwriting

8.193%

7.875%

XXXX

$2,820.00

$235.00

$2,474.04

$206.17

$0.00

$4,218.57

$14,982.91

N/A

XXXX

$206.17

Annually

0.00%

22.77%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

N/A

Borrower - SESoleProprietor - 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

03/24/2026

621

1138224

XXXX

05/06/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.750%

XXXX

Yes

18.000%

XXXX

$5,511.00

$459.25

$0.00

$5,798.83

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.414

1.41

XXXX

03/17/2026

03/26/2026

754

1140223

XXXX

03/23/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

QM Points and Fees Exceeded

19686.76

03/30/2026

6.430%

Manual Underwriting

7.482%

7.125%

XXXX

$2,842.32

$236.86

$399.96

$33.33

$0.00

$3,477.50

$8,083.99

N/A

XXXX

$33.33

Annually

0.00%

41.59%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

N/A

Borrower - SESCorp, Other REO Net Rental Income(Loss) - 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

02/13/2026

747

1140227

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.500%

XXXX

Yes

20.000%

XXXX

$1,587.96

$132.33

$0.00

$1,879.63

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.17

XXXX

04/16/2026

776

1142028

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

$0.00

6.375%

XXXX

Yes

20.000%

XXXX

$849.12

$70.76

$0.00

$1,712.55

N/A

$0.00

0.00%

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.168

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

04/15/2026

747

1142030

XXXX

03/23/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

12095

04/27/2026

6.260%

Manual Underwriting

6.430%

6.375%

XXXX

$1,263.96

$105.33

$3,984.00

$332.00

$0.00

$4,165.43

$55,579.37

Yes

XXXX

$332.00

Monthly

0.00%

9.71%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

50.00%

N/A

Yes

N/A

Borrower - SECorporation - CPA Letter Verified, Business Bank Statements Verified - 2025, 2026

Borrower - 2025, 2026

XXXX

03/10/2026

796

1142031

XXXX

03/23/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

57782.5

04/27/2026

6.260%

Manual Underwriting

7.119%

6.875%

XXXX

$0.00

$8,628.00

$719.00

$0.00

$18,599.40

$68,150.60

N/A

XXXX

$719.00

Monthly

0.00%

21.54%

Not Employed

Asset Depletion – Debt Ratio Calculation

N/A

Yes

60.0

Yes

N/A

0.00%

N/A

Borrower - Asset Depletion - 3 YRS Executed 4506T Verified, Personal Bank Statements Verified - 2026

Borrower - 3 YRS Executed 4506T Verified - 2026

XXXX

03/24/2026

788

1142032

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.875%

XXXX

Yes

5.000%

XXXX

$1,796.76

$149.73

$564.96

$47.08

$0.00

$1,745.72

N/A

XXXX

$47.08

07/01/2026

Annually

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.002

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

02/09/2026

808

1142033

XXXX

10/28/2025

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.625%

XXXX

Yes

20.000%

XXXX

$7,188.12

$599.01

$0.00

$4,294.04

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.036

1.027

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

01/26/2026

796

1152593

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.750%

XXXX

Yes

20.000%

XXXX

$5,514.24

$459.52

$0.00

$17,834.42

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.085

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

03/22/2026

721

1152594

XXXX

03/02/2026

XXXX

ATR/QM: Exempt

N/A

03/16/2026

6.120%

Manual Underwriting

0.000%

6.625%

XXXX

$2,577.96

$214.83

$0.00

$1,521.54

$10,426.97

N/A

$0.00

0.00%

29.65%

Yes

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

N/A

Yes

300

N/A

Borrower - SESCorp, Subject Property Net Rental Income(Loss) if NOO, Other REO Net Rental Income(Loss), Other REO Net Rental Income(Loss) - CPA Letter Verified, 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

02/04/2026

783

1156101

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

$0.00

7.625%

XXXX

Yes

20.000%

XXXX

$1,827.48

$152.29

$0.00

$4,763.37

N/A

$0.00

0.00%

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.27

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

02/26/2026

661

1156103

XXXX

03/23/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

QM Points and Fees Exceeded

31215

05/04/2026

6.320%

Manual Underwriting

8.133%

8.000%

XXXX

$4,514.04

$376.17

$0.00

$9,361.49

$24,175.58

N/A

$0.00

0.00%

34.83%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

51.00%

Proceeds from Sale

N/A

Yes

N/A

Borrower - SESCorp - CPA Letter Verified, 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

04/24/2026

665

1159808

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.500%

XXXX

Yes

20.000%

XXXX

$1,209.48

$100.79

$0.00

$3,925.27

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.019

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

02/10/2026

812

1166848

XXXX

03/23/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

15595

05/04/2026

6.320%

Manual Underwriting

7.075%

6.750%

XXXX

$1,673.88

$139.49

$0.00

$5,172.76

$19,275.24

N/A

$0.00

0.00%

26.15%

Self-Employed

1YR Business P&L

N/A

Yes

0.00%

100.00%

Third-Party Prepared (Unaudited)

CPA

Yes

N/A

Borrower - SESCorp - CPA Letter Verified, YTD Profit And Loss Verified, 3 YRS Executed 4506T Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

04/18/2026

762

1171742

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.750%

XXXX

$1,744.20

$145.35

$7,200.00

$600.00

$0.00

$3,050.83

$4,591.69

Yes

XXXX

$600.00

Monthly

0.00%

46.87%

Yes

Employed

2YR Full Doc

1 Month

N/A

Yes

0.00%

N/A

Borrower - Wage, Subject Property Net Rental Income(Loss) if NOO - 2 YRS W2 1099 Verified, 1 Month Paystubs Verified, 3 YRS Executed 4506T Verified, 3 YRS IRS Transcripts Verified - 2024, 2025, 2026

Borrower - 3 YRS Executed 4506T Verified, 3 YRS IRS Transcripts Verified - 2024, 2025, 2026

XXXX

04/29/2026

720

1171745

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.875%

XXXX

Yes

20.000%

XXXX

$1,643.04

$136.92

$0.00

$2,774.61

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.189

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

03/31/2026

807

1171746

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

8.000%

XXXX

Yes

20.000%

XXXX

$1,308.96

$109.08

$0.00

$894.36

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.621

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

03/18/2026

672

1173952

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.625%

XXXX

Yes

20.000%

XXXX

$420.96

$35.08

$5,268.00

$439.00

$0.00

$1,774.67

Yes

XXXX

$439.00

07/01/2026

Monthly

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.042

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

04/24/2026

698

1173953

XXXX

03/23/2026

XXXX

QM: Higher Priced APOR (APOR HP)

Yes

N/A

16306.45

05/11/2026

6.410%

Manual Underwriting

8.542%

8.250%

XXXX

$1,649.04

$137.42

$1,584.96

$132.08

$0.00

$6,974.86

$9,670.20

N/A

XXXX

$132.08

Annually

0.00%

47.84%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

50.00%

N/A

Borrower - SEPartnership, Other REO Net Rental Income(Loss) - 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

04/07/2026

762

1178810

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

$0.00

7.875%

XXXX

Yes

20.000%

XXXX

$1,963.44

$163.62

$0.00

$2,310.18

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.623

XXXX

03/30/2026

791

1178812

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.750%

XXXX

Yes

20.000%

XXXX

$1,485.00

$123.75

$0.00

$1,254.05

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.276

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

03/02/2026

738

1182553

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.125%

XXXX

Yes

20.000%

XXXX

$1,094.04

$91.17

$0.00

$2,705.76

N/A

$0.00

0.00%

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.404

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

04/06/2026

805

1184651

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

$0.00

6.625%

XXXX

Yes

20.000%

XXXX

$1,686.96

$140.58

$0.00

$2,444.58

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.115

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

04/23/2026

722

1184653

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.625%

XXXX

Yes

20.000%

XXXX

$824.04

$68.67

$0.00

$2,506.75

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.197

XXXX

04/07/2026

802

1186693

XXXX

03/23/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

QM Points and Fees Exceeded

14114

05/18/2026

6.420%

Manual Underwriting

7.915%

7.750%

XXXX

$3,888.00

$324.00

$3,120.00

$260.00

$0.00

$3,562.62

$23,743.34

N/A

XXXX

$260.00

Monthly

0.00%

25.30%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

N/A

Borrower - SESCorp, Other REO Net Rental Income(Loss) - 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

04/21/2026

727

1186697

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.750%

XXXX

Yes

20.000%

XXXX

$805.56

$67.13

$0.00

$2,574.09

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.029

1.03

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

05/08/2026

725

1188450

XXXX

05/15/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

QM Points and Fees Exceeded

11058.02

05/25/2026

6.600%

Manual Underwriting

7.669%

7.375%

XXXX

$5,204.64

$433.72

$0.00

$3,511.67

$10,560.25

N/A

$0.00

0.00%

36.49%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

N/A

Borrower - SESCorp, Other REO Net Rental Income(Loss) - 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

03/10/2026

636

1188452

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.125%

XXXX

Yes

20.000%

XXXX

$933.96

$77.83

$0.00

$3,181.54

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

2.043

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

03/02/2026

692

1188454

XXXX

05/15/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

12895

05/04/2026

6.320%

Manual Underwriting

7.683%

7.500%

XXXX

$5,045.64

$420.47

$0.00

$11,207.61

$25,484.56

N/A

$0.00

0.00%

43.04%

Self-Employed

1YR Business P&L

N/A

0.00%

100.00%

Third-Party Prepared (Unaudited)

CPA

Yes

N/A

Borrower - SECorporation, Other REO Net Rental Income(Loss) - CPA Letter Verified, YTD Profit And Loss Verified, 3 YRS Executed 4506T Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

02/20/2026

715

1190903

XXXX

03/23/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

5016

05/04/2026

6.320%

Manual Underwriting

7.445%

7.125%

XXXX

$1,786.68

$148.89

$7,200.00

$600.00

$0.00

$2,379.25

$4,847.88

Yes

XXXX

$600.00

Monthly

37.72%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

Stocks/Bonds

N/A

Yes

N/A

Borrower - SESCorp - CPA Letter Verified, 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

02/11/2026

726

1192800

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

$0.00

8.000%

XXXX

$2,520.84

$210.07

$0.00

$3,542.40

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.341

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

05/12/2026

708

1195498

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

$0.00

7.625%

XXXX

$1,223.04

$101.92

$0.00

$1,340.01

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.791

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

04/08/2026

759

1195501

XXXX

03/23/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

QM Points and Fees Exceeded

16387.5

05/04/2026

6.320%

Manual Underwriting

6.381%

6.125%

XXXX

$1,425.96

$118.83

$0.00

$2,751.66

$14,677.33

N/A

$0.00

0.00%

19.23%

Not Employed

Asset Depletion – Debt Ratio Calculation

N/A

Yes

60.0

Yes

0.00%

N/A

Borrower - Asset Depletion, Other REO Net Rental Income(Loss) - Personal Bank Statements Verified - 2026

Borrower - 2026

XXXX

04/30/2026

787

1197639

XXXX

03/23/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

APOR Threshold

10701.74

05/25/2026

6.600%

Manual Underwriting

9.070%

8.625%

XXXX

$2,436.96

$203.08

$975.00

$81.25

$0.00

$3,256.34

$12,216.34

N/A

XXXX

$81.25

Annually

0.00%

38.15%

Self-Employed

12 Month Bank Statement

2+ Months

N/A

Yes

81.39%

100.00%

N/A

Borrower - Wage, SESoleProprietor, Other REO Net Rental Income(Loss) - 2 YRS W2 1099 Verified, 2+ Months Paystubs Verified, 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2026, 2025, 2024

Borrower - 3 YRS Executed 4506T Verified - 2026, 2025, 2024

XXXX

04/24/2026

686

1197640

XXXX

10/28/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

13470

05/18/2026

6.420%

Manual Underwriting

6.544%

6.500%

XXXX

$2,325.00

$193.75

$1,500.00

$125.00

$0.00

$6,171.63

$31,698.48

N/A

XXXX

$125.00

Monthly

0.00%

35.67%

Employed

Self-Employed

12 Month Bank Statement

2+ Months

N/A

Yes

82.78%

0.00%

100.00%

N/A

Borrower - Wage, Other REO Net Rental Income(Loss) - 1 YR W2 1099 Verified, 2+ Months Paystubs Verified, 3 YRS Executed 4506T Verified, 1 YR IRS Transcripts Verified - 2025, 2026 || Co Borrower - SESCorp, Other REO Net Rental Income(Loss) - 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified, 1 YR IRS Transcripts Verified - 2025, 2026 || Co Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

04/28/2026

05/28/2026

779

1199800

XXXX

05/15/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

10526.25

05/18/2026

6.420%

Manual Underwriting

6.721%

6.625%

XXXX

$1,790.76

$149.23

$0.00

$3,911.41

$812,873.35

N/A

$0.00

0.00%

0.54%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

N/A

Borrower - SESoleProprietor - 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2025

Borrower - 3 YRS Executed 4506T Verified - 2025

XXXX

05/07/2026

810

1199802

XXXX

05/01/2025

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.000%

XXXX

Yes

20.000%

XXXX

$790.32

$65.86

$3,840.00

$320.00

$0.00

$2,678.32

Yes

XXXX

$320.00

Annually

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.008

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

1199803

XXXX

05/15/2026

XXXX

QM: Safe Harbor Verified (V SH)

Yes

Option 3 - Underwritten to Proprietary Lender Guidelines

N/A

17530

05/25/2026

6.600%

Manual Underwriting

6.482%

6.375%

XXXX

$1,647.00

$137.25

$33,996.00

$2,833.00

$0.00

$16,848.76

$42,455.92

Yes

XXXX

$2,833.00

Annually

0.00%

32.25%

Yes

Self-Employed

2YR Full Doc

N/A

Yes

0.00%

55.00%

Stocks/Bonds

N/A

Borrower - SESCorp, Other REO Net Rental Income(Loss) - 2 YRS Personal Tax Returns Verified, 2 YRS Business Tax Returns Verified(1120S), 2 YRS W2 1099 Verified, 3 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified - 2025, 2024, 2026

Borrower - 2 YRS Personal Tax Returns Verified, 2 YRS Business Tax Returns Verified(1120S), 3 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified - 2025, 2024, 2026

XXXX

03/17/2026

807

1199805

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

$0.00

7.500%

XXXX

Yes

20.000%

XXXX

$1,047.84

$87.32

$0.00

$996.02

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.456

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

05/29/2026

647

1199806

XXXX

05/15/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

QM Points and Fees Exceeded

9095

05/25/2026

6.600%

Manual Underwriting

7.255%

6.875%

8.750%

XXXX

$1,157.04

$96.42

$1,059.96

$88.33

$0.00

$3,028.54

$17,700.14

N/A

XXXX

$88.33

Annually

0.00%

19.17%

Self-Employed

1YR Business P&L

N/A

0.00%

100.00%

Third-Party Prepared (Unaudited)

CPA

Yes

N/A

Borrower - SESoleProprietor - CPA Letter Verified, YTD Profit And Loss Verified - 2025, 2026

Borrower - 2025, 2026

XXXX

04/10/2026

765

1203583

XXXX

05/15/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

QM Points and Fees Exceeded

29770

06/01/2026

6.520%

Manual Underwriting

6.874%

6.750%

XXXX

$2,280.72

$190.06

$9,840.00

$820.00

$0.00

$8,274.63

$19,717.27

Yes

XXXX

$820.00

Monthly

0.00%

32.88%

Yes

Employed

2YR Full Doc

1 Month

N/A

Yes

0.00%

N/A

Borrower - Wage - 2 YRS W2 1099 Verified, 1 Month Paystubs Verified, 3 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified - 2024, 2025, 2026

Borrower - 3 YRS Executed 4506T Verified, 2 YRS IRS Transcripts Verified - 2024, 2025, 2026

XXXX

05/16/2026

741

1203586

XXXX

05/15/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

15673.75

06/01/2026

6.520%

Manual Underwriting

7.809%

7.750%

XXXX

$6,888.36

$574.03

$588.00

$49.00

$0.00

$8,346.20

$59,194.09

N/A

XXXX

$49.00

Monthly

0.00%

16.84%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

Stocks/Bonds

N/A

Yes

N/A

Borrower - SECorporation - CPA Letter Verified, 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

05/10/2026

700

1209041

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.750%

XXXX

$981.00

$81.75

$0.00

$1,728.26

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.273

1.201

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

04/23/2026

768

1211085

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.500%

XXXX

$15,235.56

$1,269.63

$0.00

$11,007.18

$33,543.11

N/A

$0.00

0.00%

27.56%

Yes

Not Employed

Asset Depletion – Debt Ratio Calculation

N/A

Yes

60.0

Yes

N/A

0.00%

Stocks/Bonds

N/A

Borrower - Asset Depletion, Other REO Net Rental Income(Loss), Subject Property Net Rental Income(Loss) if NOO - Personal Bank Statements Verified || Co Borrower - Personal Bank Statements Verified

Borrower || Co Borrower

XXXX

05/13/2026

05/15/2026

746

1211090

XXXX

05/15/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

QM Points and Fees Exceeded

11395

06/01/2026

6.520%

Manual Underwriting

7.709%

7.375%

XXXX

$1,110.00

$92.50

$1,440.00

$120.00

$0.00

$2,973.12

$5,331.50

N/A

XXXX

$120.00

Monthly

0.00%

42.18%

Self-Employed

1YR Business P&L

N/A

Yes

0.00%

100.00%

Third-Party Prepared (Unaudited)

CPA

Yes

N/A

Borrower - SESoleProprietor - CPA Letter Verified, YTD Profit And Loss Verified, 3 YRS Executed 4506T Verified - 2024, 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2024, 2025, 2026

XXXX

04/30/2026

770

1212034

XXXX

03/23/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

6879

06/01/2026

6.520%

Manual Underwriting

7.060%

6.875%

XXXX

$2,023.32

$168.61

$0.00

$3,727.25

$37,985.03

N/A

$0.00

0.00%

13.57%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

N/A

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

Borrower - 2025, 2026

XXXX

05/06/2026

704

1213326

XXXX

05/15/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

14345

05/18/2026

6.420%

Manual Underwriting

6.824%

6.500%

XXXX

$3,091.44

$257.62

$0.00

$5,040.50

$7,659.92

N/A

$0.00

0.00%

40.98%

Employed

Written Verification of Employment

N/A

Yes

0.00%

N/A

Yes

FNMA 1005

N/A

Borrower - Wage - Written VOE Verified, 3 YRS Executed 4506T Verified - 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026

XXXX

04/07/2026

784

1213330

XXXX

03/23/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.875%

XXXX

Yes

20.000%

XXXX

$1,671.96

$139.33

$0.00

$1,164.93

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.052

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

04/07/2026

712

1216796

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.000%

XXXX

$5,307.12

$442.26

$0.00

$312.29

$6,583.33

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.747

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

03/11/2026

751

1218340

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.625%

XXXX

Yes

20.000%

XXXX

$2,742.00

$228.50

$0.00

$1,376.43

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.453

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

05/26/2026

735

1220413

XXXX

05/15/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

QM Points and Fees Exceeded

26603

05/18/2026

6.420%

Manual Underwriting

7.857%

7.625%

XXXX

$1,860.84

$155.07

$240.00

$20.00

$0.00

$6,663.05

$27,093.32

N/A

XXXX

$20.00

Monthly

0.00%

30.02%

Self-Employed

2YR Business P&L

N/A

Yes

0.00%

50.00%

Third-Party Prepared (Unaudited)

CPA

Yes

N/A

Borrower - SECorporation, Other REO Net Rental Income(Loss) - CPA Letter Verified, YTD Profit And Loss Verified, 3 YRS Executed 4506T Verified - 2024, 2025, 2026

Borrower - 3 YRS Executed 4506T Verified - 2024, 2025, 2026

XXXX

04/10/2026

751

1224899

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.500%

XXXX

Yes

20.000%

XXXX

$1,146.96

$95.58

$0.00

$957.68

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.279

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

03/25/2026

768

1224905

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

6.875%

XXXX

Yes

20.000%

XXXX

$2,447.04

$203.92

$0.00

$2,397.30

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.239

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

05/18/2026

753

1226752

XXXX

07/15/2025

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

15345

05/18/2026

6.420%

Manual Underwriting

7.189%

7.125%

XXXX

$2,400.00

$200.00

$0.00

$6,408.59

$13,033.30

N/A

$0.00

0.00%

38.52%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

N/A

Yes

N/A

Borrower - SESCorp - CPA Letter Verified, Business Bank Statements Verified - 2025, 2026

Borrower - 2025, 2026

XXXX

05/15/2026

677

1232916

XXXX

05/15/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

QM Points and Fees Exceeded

15735

06/01/2026

6.520%

Manual Underwriting

Out of Scope

7.552%

7.125%

XXXX

$3,260.40

$271.70

$4,860.00

$405.00

$0.00

$4,988.18

$13,432.61

N/A

XXXX

$405.00

Monthly

0.00%

27.70%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

N/A

Yes

N/A

Borrower - SESCorp - CPA Letter Verified, Business Bank Statements Verified - 2025, 2026

Borrower - 2025, 2026

XXXX

06/27/2026

650

1236759

XXXX

10/28/2025

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

QM Points and Fees Exceeded

15745

05/25/2026

6.600%

Manual Underwriting

6.759%

6.375%

XXXX

$10,631.04

$885.92

$0.00

$4,985.60

$6,300.35

N/A

$0.00

0.00%

44.95%

Self-Employed

12 Month Bank Statement

N/A

Yes

100.00%

N/A

Borrower - SESoleProprietor - 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2026, 2025

Borrower - 3 YRS Executed 4506T Verified - 2026, 2025

XXXX

05/18/2026

737

1240960

XXXX

05/15/2026

XXXX

Non-QM: Lender documented all ATR UW factors

Yes

N/A

QM Points and Fees Exceeded

14415

05/25/2026

6.600%

Manual Underwriting

6.618%

6.500%

XXXX

$1,605.00

$133.75

$0.00

$5,340.52

$11,591.83

N/A

$0.00

0.00%

36.31%

Self-Employed

Employed

Asset Depletion – Debt Ratio Calculation

N/A

Yes

60.0

Yes

N/A

0.00%

100.00%

0.00%

Stocks/Bonds,Stocks/Bonds,Stocks/Bonds

Borrower Prepared

Borrower

N/A

Yes

130

Other

Borrower - SESoleProprietor, Asset Depletion, Other REO Net Rental Income(Loss) - 1 YR Personal Tax Returns Verified, YTD Profit And Loss Verified, 3 YRS IRS Transcripts Verified, Personal Bank Statements Verified - 2025, 2026, 2024, 2023 || Co Borrower - Wage - 2 YRS W2 1099 Verified, Written VOE Verified, 3 YRS IRS Transcripts Verified, Personal Bank Statements Verified - 2023, 2024, 2025, 2026

Borrower - 1 YR Personal Tax Returns Verified, 3 YRS IRS Transcripts Verified - 2025, 2026, 2024, 2023 || Co Borrower - 3 YRS IRS Transcripts Verified - 2023, 2024, 2025, 2026

XXXX

04/30/2026

810

1255221

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

N/A

Manual Underwriting

7.125%

XXXX

Yes

20.000%

XXXX

$1,710.00

$142.50

$0.00

$1,318.80

N/A

$0.00

0.00%

Yes

Unknown

Debt Service Coverage Ratio

0.00%

Yes

1.441

XXXX

06/29/2026

06/12/2026

735

1256772

XXXX

05/15/2026

XXXX

QM: Safe Harbor APOR (APOR SH)

Yes

N/A

8043.5

06/29/2026

6.520%

Manual Underwriting

7.811%

7.375%

XXXX

$833.28

$69.44

$1,356.00

$113.00

$0.00

$2,658.71

$3,672.48

N/A

XXXX

$113.00

Monthly

0.00%

46.73%

Self-Employed

Employed

12 Month Bank Statement

2+ Months

N/A

Yes

N/A

53.58%

100.00%

0.00%

Stocks/Bonds

N/A

Yes

N/A

Yes

120

FNMA 1005

Borrower - SESoleProprietor - CPA Letter Verified, 3 YRS Executed 4506T Verified, Personal Bank Statements Verified - 2026, 2025 || Co Borrower - Wage - 2 YRS W2 1099 Verified, 2+ Months Paystubs Verified, Written VOE Verified, 3 YRS Executed 4506T Verified - 2026, 2025, 2024

Borrower - 3 YRS Executed 4506T Verified - 2026, 2025 || Co Borrower - 3 YRS Executed 4506T Verified - 2026, 2025, 2024

XXXX

04/30/2026

727

1258616

XXXX

05/15/2026

XXXX

ATR/QM: Exempt

Yes

N/A

Manual Underwriting

6.990%

XXXX

$1,692.96

$141.08

$8,796.00

$733.00

$0.00

$3,782.91

$102,657.79

Yes

XXXX

$733.00

Monthly

0.00%

6.73%

Yes

Self-Employed

Not Employed

12 Month Bank Statement

N/A

Yes

N/A

100.00%

N/A

Yes

234

N/A

Borrower - SECorporation, Subject Property Net Rental Income(Loss) if NOO - CPA Letter Verified, 3 YRS Executed 4506T Verified, Business Bank Statements Verified - 2025, 2026 || Co Borrower - 3 YRS Executed 4506T Verified

Borrower - 3 YRS Executed 4506T Verified - 2025, 2026 || Co Borrower - 3 YRS Executed 4506T Verified

XXXX

06/17/2026

779

Redaction ID

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

ITIN Flag

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

Delayed Financing Flag

Title Company Name

Settlement Agent Company

Neighborhood Location

Gift Funds

Gift Funds Percentage of Total Funds Required

973262

Unknown

US Citizen

N/A

XXXX

N/A

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

6.9

XXXX

17.6

75.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

1074552

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

9.2

85.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

Yes

139.78

1125860

Unknown

US Citizen

N/A

XXXX

N/A

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

15.4

XXXX

15.4

69.7

N/A

Borrower As Individual

N/A

XXXX

Suburban

1128606

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.9

XXXX

9.7

77.08

N/A

Borrower As Individual

N/A

XXXX

Suburban

1131867

Unknown

US Citizen

N/A

XXXX

N/A

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

75.8

XXXX

75.8

75.0

N/A

Yes

Borrower As Individual

N/A

XXXX

Rural

1132034

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

3.3

XXXX

124.0

75.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Urban

1135466

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

16.6

XXXX

17.3

80.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

1135558

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.0

XXXX

106.4

75.0

N/A

Yes

Borrower As Individual

N/A

XXXX

Suburban

1135559

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

11.4

XXXX

11.4

90.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1135560

Unknown

Permanent Resident Alien

Permanent Non-US Citizen

XXXX

I-551 Permanent Resident Card

XXXX

Fee Simple

Yes

N/A

XXXX

13.4

XXXX

11.0

90.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

Yes

58.82

1136656

Unknown

Foreign National

Passport

XXXX

N/A

XXXX

Fee Simple

N/A

XXXX

2.7

XXXX

8.8

70.0

N/A

Yes

Borrower As Individual

N/A

XXXX

Suburban

1136660

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

177.4

XXXX

177.4

75.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Rural

1137129

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

8.8

XXXX

8.8

80.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

Yes

45.10

1138224

Unknown

US Citizen

N/A

XXXX

N/A

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.0

XXXX

29.9

75.75

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

1140223

Unknown

Permanent Resident Alien

Permanent Non-US Citizen

XXXX

I-551 Permanent Resident Card

XXXX

Fee Simple

N/A

XXXX

0.0

XXXX

28.9

78.52

N/A

Borrower As Individual

N/A

XXXX

Suburban

1140227

Unknown

US Citizen

N/A

XXXX

N/A

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

7.3

XXXX

7.3

79.67

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

1142028

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

119.5

70.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

1142030

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

53.1

XXXX

53.1

32.79

Yes

Borrower As Individual

N/A

XXXX

Suburban

1142031

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

138.1

XXXX

288.8

75.0

Yes

Borrower As Individual

N/A

XXXX

Urban

1142032

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

7.8

XXXX

7.8

80.0

N/A

Yes

Borrower As Individual

N/A

XXXX

Suburban

1142033

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

7.2

65.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

1152593

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

40.0

65.0

N/A

Yes

Borrower As Individual

N/A

XXXX

Suburban

1152594

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.0

XXXX

124.1

50.63

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Urban

1156101

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

94.6

69.9

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Urban

1156103

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

17.1

XXXX

17.1

80.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1159808

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.3

XXXX

0.3

80.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

1166848

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.0

XXXX

0.4

68.88

N/A

Borrower As Individual

N/A

XXXX

Suburban

1171742

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

4.8

XXXX

4.8

70.0

Yes

Borrower As Individual

N/A

XXXX

Suburban

1171745

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

2.5

XXXX

2.5

80.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

1171746

Unknown

Non Permanent Resident Alien

Non-Permanent Non-US Citizen

N/A

XXXX

Work Visa

XXXX

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

104.8

70.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Urban

1173952

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

48.1

51.32

Yes

Borrower As Individual

N/A

XXXX

Urban

1173953

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

5.7

XXXX

5.7

90.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1178810

Unknown

US Citizen

N/A

XXXX

N/A

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

97.1

73.85

N/A

Yes

Borrower As Individual

N/A

XXXX

Suburban

1178812

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.0

XXXX

117.3

74.95

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

1182553

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

22.1

XXXX

22.1

80.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Rural

1184651

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

38.0

70.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Rural

1184653

Unknown

US Citizen

N/A

XXXX

N/A

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

135.3

49.3

N/A

Yes

Borrower As Individual

N/A

XXXX

Suburban

1186693

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

21.3

XXXX

21.3

85.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1186697

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.3

XXXX

0.3

85.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

105.26

1188450

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.3

XXXX

0.5

74.76

N/A

Borrower As Individual

N/A

XXXX

Urban

120.78

1188452

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

45.5

XXXX

45.8

74.84

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Urban

1188454

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.0

XXXX

45.8

80.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1190903

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

41.4

XXXX

41.4

80.0

Yes

Borrower As Individual

N/A

XXXX

Suburban

109.65

1192800

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

46.9

XXXX

46.9

80.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Rural

1195498

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

16.5

75.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Urban

1195501

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.0

XXXX

0.0

37.7

N/A

Borrower As Individual

N/A

XXXX

Suburban

1197639

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

8.1

XXXX

8.1

90.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1197640

Unknown

US Citizen

N/A

XXXX

N/A

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

38.1

XXXX

38.1

50.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1199800

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

60.8

XXXX

60.8

75.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1199802

Unknown

Foreign National

Passport

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

68.2

43.16

Yes

Borrower As Individual

N/A

XXXX

Suburban

1199803

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

166.3

XXXX

166.3

68.6

Yes

Borrower As Individual

N/A

XXXX

Urban

1199805

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

117.8

XXXX

117.8

70.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

1199806

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

51.6

XXXX

51.6

80.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1203583

Unknown

Non Permanent Resident Alien

Non-Permanent Non-US Citizen

N/A

XXXX

Work Visa

XXXX

Fee Simple

N/A

XXXX

8.0

XXXX

8.0

75.0

Yes

Borrower As Individual

N/A

XXXX

Suburban

1203586

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

6.5

XXXX

6.5

85.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1209041

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

125.2

XXXX

125.2

80.0

N/A

Yes

Borrower As Individual

N/A

XXXX

Suburban

1211085

Unknown

US Citizen

N/A

XXXX

N/A

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

152.7

XXXX

152.7

80.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

1211090

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.0

XXXX

72.6

80.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1212034

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

13.7

XXXX

13.7

80.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1213326

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

33.8

XXXX

33.8

70.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1213330

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

13.7

XXXX

14.7

75.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Urban

1216796

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

72.3

75.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Urban

1218340

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

112.3

42.82

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Rural

1220413

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.0

XXXX

26.0

80.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1224899

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

Unknown

N/A

XXXX

0.0

XXXX

9.3

75.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

1224905

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.0

XXXX

67.2

70.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Urban

1226752

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.0

XXXX

44.7

44.16

N/A

Borrower As Individual

N/A

XXXX

Suburban

1232916

Unknown

Permanent Resident Alien

Permanent Non-US Citizen

N/A

Real ID Driver's License

XXXX

I-551 Permanent Resident Card

XXXX

Fee Simple

N/A

XXXX

3.2

XXXX

3.2

80.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

110.97

1236759

Unknown

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

4.0

XXXX

4.0

80.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1240960

Unknown

US Citizen

N/A

XXXX

N/A

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

107.9

XXXX

121.1

21.36

N/A

Borrower As Individual

N/A

XXXX

Suburban

1255221

Unknown

US Citizen

N/A

XXXX

N/A

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

0.0

XXXX

42.5

75.0

N/A

Yes

Member on Behalf of Entity

N/A

XXXX

Suburban

1256772

Unknown

US Citizen

N/A

XXXX

N/A

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

8.0

XXXX

8.0

90.0

N/A

Borrower As Individual

N/A

XXXX

Suburban

1258616

Unknown

US Citizen

N/A

XXXX

N/A

US Citizen

N/A

XXXX

N/A

Fee Simple

N/A

XXXX

58.9

XXXX

108.6

80.0

Yes

Borrower As Individual

N/A

XXXX

Urban

Redaction ID

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

973262

XXXX

1004 URAR

XXXX

75.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Moderate

XXXX

1074552

XXXX

1004 URAR

XXXX

85.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Moderate

XXXX

1125860

XXXX

1004 URAR

XXXX

69.7

XXXX

-.0379

1004 URAR

XXXX

-.0379

XXXX

1004 URAR

1128606

XXXX

1004 URAR

XXXX

77.08

XXXX

.0000

Collateral Underwriter (CU)

1.9

XXXX

1131867

XXXX

1004 URAR

XXXX

75.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

4.8

XXXX

1132034

XXXX

1025 Small Residential Income Report

XXXX

75.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1135466

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Desk Review

XXXX

.0382

75.0

0.25

XXXX

.0000

XXXX

1135558

XXXX

1004 URAR

XXXX

75.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1135559

XXXX

1004 URAR

XXXX

90.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

2.8

XXXX

1135560

XXXX

1004 URAR

XXXX

90.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1136656

XXXX

1004 URAR

XXXX

70.0

XXXX

.0000

Desk Review

XXXX

.0000

75.0

0.25

XXXX

.0000

XXXX

1136660

XXXX

1004 URAR

XXXX

75.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1.7

XXXX

1137129

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1138224

XXXX

1025 Small Residential Income Report

XXXX

75.75

XXXX

-.0636

Desk Review

XXXX

-.0636

92.0

0.08

XXXX

-.0636

XXXX

1140223

XXXX

1004 URAR

XXXX

78.52

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1.1

XXXX

1140227

XXXX

1004 URAR

XXXX

79.67

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1142028

XXXX

1004 URAR

XXXX

70.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1142030

XXXX

1073 Individual Condo Report

XXXX

32.79

XXXX

-.0390

AVM

XXXX

-.0390

96.0

0.04

XXXX

1142031

XXXX

1073 Individual Condo Report

XXXX

75.0

XXXX

.0167

1073 Individual Condo Report

XXXX

.0167

XXXX

1073 Individual Condo Report

2.1

XXXX

1142032

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1142033

XXXX

1025 Small Residential Income Report

XXXX

65.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Moderate

XXXX

1152593

XXXX

1025 Small Residential Income Report

XXXX

65.0

XXXX

-.1000

1025 Small Residential Income Report

XXXX

-.1000

XXXX

1025 Small Residential Income Report

XXXX

1152594

XXXX

1025 Small Residential Income Report

XXXX

50.63

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1156101

XXXX

1025 Small Residential Income Report

XXXX

69.9

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1156103

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Moderate

XXXX

1159808

XXXX

1025 Small Residential Income Report

XXXX

80.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Moderate

XXXX

1166848

XXXX

1004 URAR

XXXX

68.88

XXXX

.0000

Collateral Underwriter (CU)

2.1

XXXX

1171742

XXXX

1073 Individual Condo Report

XXXX

70.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

Eligible

XXXX

1171745

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1171746

XXXX

1004 URAR

XXXX

70.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1173952

XXXX

1073 Individual Condo Report

XXXX

51.32

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1173953

XXXX

1004 URAR

XXXX

90.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1178810

XXXX

1025 Small Residential Income Report

XXXX

73.85

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1178812

XXXX

1004 URAR

XXXX

74.95

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1182553

XXXX

1004 URAR

XXXX

80.0

XXXX

-.0109

AVM

XXXX

-.0109

96.0

0.04

XXXX

1184651

XXXX

1004 URAR

XXXX

70.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1184653

XXXX

1004 URAR

XXXX

49.3

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Moderate

XXXX

1186693

XXXX

1004 URAR

XXXX

85.0

XXXX

.0000

Collateral Underwriter (CU)

2.2

XXXX

1186697

XXXX

1004 URAR

XXXX

85.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1188450

XXXX

1004 URAR

XXXX

74.76

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1188452

XXXX

1004 URAR

XXXX

74.84

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

2.6

XXXX

1188454

XXXX

1025 Small Residential Income Report

XXXX

80.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1190903

XXXX

1073 Individual Condo Report

XXXX

80.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Moderate

XXXX

1192800

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

Not Eligible

XXXX

1195498

XXXX

1025 Small Residential Income Report

XXXX

75.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Moderate

XXXX

1195501

XXXX

1004 URAR

XXXX

37.7

XXXX

.0000

Collateral Underwriter (CU)

2.3

XXXX

1197639

XXXX

1004 URAR

XXXX

90.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1197640

XXXX

1004 URAR

XXXX

50.0

XXXX

-.0085

AVM

XXXX

-.0085

96.0

0.04

XXXX

1199800

XXXX

1004 URAR

XXXX

75.0

XXXX

-.0160

AVM

XXXX

-.0160

96.0

0.04

XXXX

1199802

XXXX

1073 Individual Condo Report

XXXX

43.16

XXXX

.0000

Collateral Underwriter (CU)

2.5

XXXX

Eligible

1.3

XXXX

1199803

XXXX

1073 Individual Condo Report

XXXX

68.6

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1199805

XXXX

1025 Small Residential Income Report

XXXX

70.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1199806

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1203583

XXXX

1073 Individual Condo Report

XXXX

75.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1203586

XXXX

1004 URAR

XXXX

85.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1209041

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1211085

XXXX

1004 URAR

XXXX

80.0

XXXX

-.0044

AVM

XXXX

-.0044

96.0

0.04

XXXX

1211090

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1212034

XXXX

1004 URAR

XXXX

80.0

XXXX

.0019

AVM

XXXX

.0019

92.0

0.08

XXXX

1213326

XXXX

1004 URAR

XXXX

70.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1213330

XXXX

1004 URAR

XXXX

75.0

XXXX

-.0462

AVM

XXXX

-.0462

92.0

0.08

XXXX

1216796

XXXX

1025 Small Residential Income Report

XXXX

72.43

75.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1218340

XXXX

1004 URAR

XXXX

42.82

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1220413

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Collateral Underwriter (CU)

1.3

XXXX

1224899

XXXX

1004 URAR

XXXX

75.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Moderate

XXXX

1224905

XXXX

1025 Small Residential Income Report

XXXX

70.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1226752

XXXX

1004 URAR

XXXX

44.16

XXXX

.0000

2000 One Unit Appraisal Field Review

XXXX

0.0

.0000

XXXX

1232916

XXXX

1004 URAR

XXXX

80.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1236759

XXXX

1025 Small Residential Income Report

XXXX

80.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1240960

XXXX

1004 URAR

XXXX

21.36

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Moderate

XXXX

1255221

XXXX

1004 URAR

XXXX

75.0

XXXX

.0000

Desk Review

XXXX

.0000

XXXX

Low

XXXX

1256772

XXXX

1004 URAR

XXXX

90.0

XXXX

.0000

Collateral Underwriter (CU)

XXXX

1258616

XXXX

1073 Individual Condo Report

XXXX

80.0

XXXX

.0000

Collateral Underwriter (CU)

1.4

XXXX

	–	HMDA section (Information for Government Monitoring Purposes) of the application (initial and/or final)
	–	If property is in a flood zone, Flood Notice must be provided prior to closing

C	The Loan does not materially meet the published guidelines. There are not sufficient compensating factors that justify exceeding the published guidelines. The employment, income, assets, or occupancy are not supported and justifiable. The borrower’s willingness and ability to repay the Loan were not documented or are unreasonable.
D	There was not sufficient documentation to perform a review, or the credit file was not furnished.