MOST MORTGAGE DEPOSITOR, LLC ABS-15G
Exhibit 99.4
| Exception Level |
| Run Date - X/XX/XXXX |
| Intent Loan ID | Loan # 1 | Loan # 2 | Loan # 3 | Exception Category | Exception Sub-Category | Exception Status | Exception Grade | Loan Exception ID | Exception | Exception Detail | Exception Information | Compensating Factors | Seller Comments | Reviewer Comments | Exception Remediation |
| XXXXXXXXXX | 10634353 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program uidelines | * Loan does not conform to program guidelines (Lvl R) | Missing Executed Counseling Certificate | 7/31/2026 - MoOM provided excuted Counseling Certificate. | 7/31/2026 - Resolved, MoOM provided executed Counseling Certificate. | 7/31/2026 - Resolved, MoOM provided executed Counseling Certificate. | ||
| XXXXXXXXXX | 10656211 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing Financial Assessment Worksheet | 7/16/2026 - MoOM provided Financial Assesment Worksheet | 7/18/2026 - Resolved, MoOM provided Financial Assessment Worksheet | 7/18/2026 - Resolved, MoOM provided Financial Assessment Worksheet | ||
| XXXXXXXXXX | 10683097 | XXXXXXXXX | Credit | Other Disclosures | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Missing Verification of Occupancy | * Missing Verification of Occupancy (Lvl R) | Missing Verification of Occupancy | 8/24/2026 - MoOM uploaded Verification of Occupancy | 8/25/206 - Resolved, MoOM uploaded Verification of Occupancy | 8/25/206 - Resolved, MoOM uploaded Verification of Occupancy | ||
| XXXXXXXXXX | 10683097 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing Executed ECOA/Fair Lending Notice | 8/24/2026 - MoOM uploaded the ECOA/Fair Lending Notice | 8/25/206 - Resolved, MoOM uploaded the ECOA/Fair Lending Notice | 8/25/206 - Resolved, MoOM uploaded the ECOA/Fair Lending Notice | ||
| XXXXXXXXXX | 10693894 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing List of Approved Counselors | 8/28/2026 - MoOM uploaded executed Counseling Certificate | 8/31/2026 - Resolved, MoOM uploaded executed Counseling Certificate | 8/31/2026 - Resolved, MoOM uploaded executed Counseling Certificate | ||
| XXXXXXXXXX | 10715587 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing Approved Loan Notification | 7/26/2026 - MoOM provded Approved loan Notification | 7/18/2026 - MoOM provided Approved loan Notification | 7/18/2026 - MoOM provided Approved loan Notification | ||
| XXXXXXXXXX | 10726104 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing Fraud report | 9/4/2026 - MoOM uploaded Fraud report | 9/7/2026 - Resolved, MoOM provided missing Fraud report | 9/7/2026 - Resolved, MoOM provided missing Fraud report | ||
| XXXXXXXXXX | 10728420 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing Notice of Right to cancel. | 7/20/2026 - MoOM provided the Notice of Right to Cancel | 7/22/2026 - Resolved, MoOM provided the Notice of Right to Cancel | 7/22/2026 - Resolved, MoOM provided the Notice of Right to Cancel | ||
| XXXXXXXXXX | 10742708 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing executed Financial Assessment worksheet | 8//17/2026 - MoOM provided the executed Financial Assessment worksheet. | 8/18/2026 - Resolved, MoOM provided the executed Financial Assessment worksheet | 8/18/2026 - Resolved, MoOM provided the executed Financial Assessment worksheet | ||
| XXXXXXXXXX | 10742828 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing Executed Alternate Contact Form | 8/3/2026 - MoOM provided an executed Alternate Contact form. | 8/3/2026 - Resolved, MoOM provided an executed Alternate Contact form. | 8/3/2026 - Resolved, MoOM provided an executed Alternate Contact form. | ||
| XXXXXXXXXX | 10745089 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing Notice of Right to Cancel | 8/28/2026 - MoOM uploaded Notice of Right to Cancel | 8/31/2026 - Resolved, MoOM uploaded Notice of Right to Cancel | 8/31/2026 - Resolved, MoOM uploaded Notice of Right to Cancel | ||
| XXXXXXXXXX | 10762318 | XXXXXXXXX | Credit | Insurance | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Provide updated Insurance | * Provide updated Insurance (Lvl R) | Missing evidence of Hazard Insurance | 7/16/2026 - MoOM provided evidence of Hazard Insurance | 7/18/2026 - Resolved, MoOM provided evidence of Hazard insurance | 7/18/2026 - Resolved, MoOM provided evidence of Hazard insurance | ||
| XXXXXXXXXX | 10763928 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing 2nd Appraisal waiver | 9/8/2026 - MoOM uploaded 2nd Appraisal Waiver | 9/8/2026 - Resolved, MoOM uploaded 2nd Appraisal Waiver | 9/8/2026 - Resolved, MoOM uploaded 2nd Appraisal Waiver | ||
| XXXXXXXXXX | 10766448 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing Counseling Certificate | 7/31/2026 - MoOM provided Counseling Certificate. | 8/3/2026 - Resolved, MoOM provided Counseling Certificate. | 8/3/2026 - Resolved, MoOM provided Counseling Certificate. | ||
| XXXXXXXXXX | 10772634 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing executed List of Approved Counselors | 8/28/2026 - MoOM uploaded executed list of Approved Counselors | 8/31/2026 - Resolved, MoOM uploaded executed list of Approved Counselors | 8/31/2026 - Resolved, MoOM uploaded executed list of Approved Counselors | ||
| XXXXXXXXXX | 10772796 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing List of Approved Counselors and Settlement Service Provider List | 8/24/2026 - MoOM uploaded List of Approved Counselors and Settlement Service Provider list | 8/25/2026 - Resolved, MoOM uploaded List of Approved Counselors and Settlement Service Provider list | 8/25/2026 - Resolved, MoOM uploaded List of Approved Counselors and Settlement Service Provider list | ||
| XXXXXXXXXX | 10775266 | XXXXXXXXX | Valuation | Property | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | 2nd Appraisal Required | * 2nd Appraisal Required (M) (Lvl R) | Missing required 2nd appraisal. | 7/31/2026 - MoOM provided the required Second Appraisal. | 8/3/1016 - Resolved, MoOM provided the required Second Appraisal. | 8/3/1016 - Resolved, MoOM provided the required Second Appraisal. | ||
| XXXXXXXXXX | 10778869 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Fraud report in file dated X/XX/XXXX is older than guidelines allow (XXX days) | 9/8/2026 - MoOM uploaded a current OFAC/Fraud Report | 9/8/2026 - Resolved, MoOM uploaded a current OFAC/Fraud Report | 9/8/2026 - Resolved, MoOM uploaded a current OFAC/Fraud Report | ||
| XXXXXXXXXX | 10784274 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing Flood Cert | 8/24/2026 - MoOM uploaded a copy of the Flood Cert | 8/25/2026 - Resolved, MoOM uploaded a copy of the Flood Cert | 8/25/2026 - Resolved, MoOM uploaded a copy of the Flood Cert | ||
| XXXXXXXXXX | 10785098 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing Verification of Occupancy | 8/24/2025 - MoOM provided Verification of Occupancy | 8/25/2026 - Resolved, MoOM provided Verification of Occupancy | 8/25/2026 - Resolved, MoOM provided Verification of Occupancy | ||
| XXXXXXXXXX | 10789557 | XXXXXXXXX | Credit | Doc Issue | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Credit report incomplete | * Credit report incomplete (Lvl R) | Missing Credit Report | 8/12/2026 - MoOM provide Credit report | 8/17/2026 - MoOM provided Credit report | 8/17/2026 - MoOM provided Credit report | ||
| XXXXXXXXXX | 10791725 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing Notice of Right to Cancel | 8//12/2026 - MoOM provided executed Notice of Right to Cancel | 8/17/2026 Resolved, MoOM provided executed Notice of Right to Cancel. | 8/17/2026 Resolved, MoOM provided executed Notice of Right to Cancel. | ||
| XXXXXXXXXX | 10801096 | XXXXXXXXX | Credit | Credit | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Title policy missing | * Title policy missing (Lvl R) | Missing Title Policy | 8/18/2026 - MoOM provided a Preliminary Title. | 8/20/2026 - Resolved, MoOM provided a Preliminary Title. | 8/20/2026 - Resolved, MoOM provided a Preliminary Title. | ||
| XXXXXXXXXX | 10801096 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing Notice of Right to Cancel | 8/12/2026 - MoOM provided executed Notice of Right to Cancel | 8/17/2026 - Resolved, MoOM provided executed Notice of Right to Cancel | 8/17/2026 - Resolved, MoOM provided executed Notice of Right to Cancel | ||
| XXXXXXXXXX | 10804913 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Loan does not conform to program guidelines | * Loan does not conform to program guidelines (Lvl R) | Missing executed Counseling Certificate | 8/28/2026 - MoOM uploaded executed Counseling certificate | 8/31/2026 - Resolved, MoOM uploaded executed Counseling certificate | 8/31/2026 - Resolved, MoOM uploaded executed Counseling certificate | ||
| XXXXXXXXXX | 10810397 | XXXXXXXXX | Credit | Guidelines | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Residual income does not meet guidelines | * Residual income does not meet guidelines (Lvl R) | Residual income shortfall - residual income of $XXX.XX does not meet minimum required amount of $X,XXX.XX for 2 borrowers. | 9/4/2026 - MoOM upload additional income and approval for utilization | 9/7/2026 - Resolved, MoOM uploaded additional income and approval of utilization that met residual income requirements. | 9/7/2026 - Resolved, MoOM uploaded additional income and approval of utilization that met residual income requirements. | ||
| XXXXXXXXXX | 10820147 | XXXXXXXXX | Valuation | Doc Issue | Resolved | Resolved | XXXXXXXXXX-XXXXXXXXX | Appraisal incomplete (missing map, layout, pages, | * Appraisal incomplete (missing map, layout, pages, etc) (Lvl R) | Missing primary Appraisal | 9/8/2026 - MoOM uploaded primary appraisal | 9/8/2026 - Resolved, MoOM uploaded primary appraisal | 9/8/2026 - Resolved, MoOM uploaded primary appraisal |