Exhibit 99.1 Schedule 4

 

Marketing ID Infinity Loan ID Loan Number Loan Number 2 Borrower Name State QM/ATR Status Initial Overall Loan Grade Final Overall Grade Final Credit Grade Final Property Grade Final Compliance Grade Material (level 3) TRID exception? Material (level 3) Non-TRID exception? Active Material Exceptions Active Non Material Exceptions Satisfied Exceptions Waived Exceptions Compensating Factors Property Type Note Date LTV CLTV Occupancy Purpose Credit Score Brwr 1 Yrs in Property Brwr 1 Occupation Brwr 1 Yrs on Job Total Monthly Income Mortgage History Cash Out Amount DTI FTHB Flag Loan Doc Type Loan Status Review Date
1 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 73.429% 73.429% Primary Purchase 740   xx 27.75 $82,728.10 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  8.158% No Alternative QC Complete 07/17/2026
7 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 85.000% 85.000% Primary Purchase 763   xx 3.58 $24,471.90 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.508% No Alternative QC Complete 07/02/2026
8 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   The hazard insurance currently reflects the mortgage clause name as "XX"; however, the note lender is "XX". Provide a copy of the updated hazard insurance with the correct mortgage clause.

07/XX/2026 Resolved: The copy of hazard insurance in the files does include mortgagee clause.
    Low Rise Condo  (1-4 Stories) 06/XX/2026 75.000% 75.000% Investor Cash Out 758         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$112,634.29     Alternative QC Complete 07/02/2026
11 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family 06/XX/2026 70.000% 70.000% Investor Purchase 757         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No DSCR QC Complete 07/02/2026
18 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Income: 1009 Wage and income transcripts do not report the 1099 wages


A copy of an exception approval letter is available in the loan file.
DTI: 49.63% DTI is less than the maximum guideline requirement of 50.00%.

FICO: 789 FICO exceeds the guideline requirement of 720.

Reserves: The 107 months of available reserves are more than the guideline requirement of 8 months.
PUD 06/XX/2026 70.000% 70.000% Primary Purchase 789   xx 8.66 $5,593.59 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.627% No Full Documentation QC Complete 07/02/2026
19 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   The Note, Mortgage, and 1-4 Family Rider should reflect "XX" in the borrower signature block. Title documentation in the file reflects vesting as "XX"; however, the Note, Mortgage, and 1-4 Family Rider were executed solely by "XX". Please review and provide corrected documents or clarification regarding the same.
07/XX/2026:  the Note, Mortgage and 1/4 rider need to be in the name of XX, signed by member XX
    2 Family 05/XX/2026 57.143% 57.143% Investor Cash Out 774         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$97,629.72     Alternative QC Complete 06/22/2026
20 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 06/XX/2026 85.000% 85.000% Investor Purchase 800   xx 6.5 $10,736.94 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.473% No Full Documentation QC Complete 07/06/2026
21 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 05/XX/2026 70.000% 70.000% Primary Refinance 766 16.16 xx 12.83 $33,960.18 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.245%   Full Documentation QC Complete 07/02/2026
23 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 50.394% 50.394% Investor Cash Out 696         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$301,002.53     Alternative QC Complete 07/02/2026
26 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 06/XX/2026 78.919% 78.919% Investor Purchase 761   xx 5.91 $22,437.29 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.494% No Full Documentation QC Complete 07/06/2026
27 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 45.455% 45.455% Investor Cash Out 771         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$42,171.31     Alternative QC Complete 07/17/2026
32 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   Extended dwelling also is not sufficient to cover loan amount. Provide a RCE or an updated insurance with sufficient coverage.
07/XX/2026:  Received RCE with enough coverage

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Note is reflecting rate of interest as fixed, amortization schedule and other documents reflecting interest only. Required correction of Note for interest only.
07/XX/2026:  Resolved.  Received interest only note
    Single Family 05/XX/2026 80.000% 80.000% Primary Purchase 797   xx 6 $76,261.02 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.860% No Alternative QC Complete 06/22/2026
36 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 80.000% 80.000% Primary Purchase 708   xx 6.83 $90,735.72 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  14.166% Yes Alternative QC Complete 07/06/2026
37 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Hazard Insurance - EV R
COMMENT:   Provide hazard Insurance for subject property with Correct Mortgagee Clause.
06/XX/2026:  Countered.  No mortgagee information on HOI policy.
07/XX/2026:  Resolved.  Received updated HOI
    Single Family 05/XX/2026 45.783% 45.783% Primary Cash Out 775 0.5 xx 13.33 $43,838.56 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$250,642.54 32.076%   Alternative QC Complete 06/23/2026
38 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of updated Hazard insurance including Lender ISAOA/ATIMA clause, as is it missing.
06/XX/2026:  Resolved.  Received updated HOI
    PUD 05/XX/2026 75.000% 75.000% Primary Purchase 763         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/23/2026
39 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of borrower settlement statement / Seller settlement statement. Property (XX) is currently reflected as Pending Sale."
07/XX/2026:  Countered.  The ALTA settlement statement provided is for property XX.  The one needed is for XX
07/XX/2026:  Resolved.  The property is pending sale and has been included in calculations.

*** (CURED) TRID Violations - EV R
COMMENT:   Demand Feature check box is not updated on Page 4 of the Final CD and PCCD.
07/XX/2026:  Countered.  Please provide the CD dated 05/XX/2026 with closing date of 06/XX/2023 with the demand feature checked.
07/XX/2026:  Countered.Please provide the CD dated 05/XX/2026 with closing date of 06/XX/2023 with the demand feature checked.  (clients comments in email: Response: The Initial CD showed the Demand Feature checked. The CD Dated 5/XX/2026 with the Closing Date of 6/XX/2026 shows the box checked. Kindly overturn finding.)

07/XX/2026: Countered. Received Initial CD instead of Final CD/PCCD for demand feature check box update.

Resolved 07/XX/2026: Received updated Demand Feature check box Final CD and exception is cleared.
    PUD 06/XX/2026 80.000% 80.000% Primary Purchase 766         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/06/2026
44 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Investor Purchase 731         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/20/2026
47 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 67.100% 67.100% Primary Cash Out 693 1.83 xx 1.42 $6,666.68 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$154,940.17 49.432%   Alternative QC Complete 07/07/2026
48 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 69.500% 69.500% Primary Cash Out 707 33.17 xx 31.83 $1,856.44 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$77,730.59 44.073%   Full Documentation QC Complete 07/07/2026
51 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 06/XX/2026 80.000% 80.000% Investor Purchase 765         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/06/2026
53 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Investor Purchase 716   xx 26.33 $109,868.11 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  16.027% No Alternative QC Complete 07/06/2026
56 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 737         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/06/2026
57 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Investor Cash Out 758         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$111,920.86     Alternative QC Complete 07/07/2026
59 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 57.803% 57.803% Primary Purchase 791   xx 0.17 $12,500.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.892% No Full Documentation QC Complete 07/07/2026
61 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 46.397% 46.397% Primary Cash Out 802 23 xx 14.75 $54,335.65 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$457,849.36 21.600%   Alternative QC Complete 07/07/2026
62 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 70.000% 70.000% Primary Purchase 786       $12,064.78 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  39.182% Yes Alternative QC Complete 07/07/2026
64 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Investor Refinance 678   xx 0.42 $41,566.20 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.328%   Full Documentation QC Complete 07/20/2026
65 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 71.090% 71.090% Investor Cash Out 808         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$144,805.16     Alternative QC Complete 07/07/2026
66 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 06/XX/2026 85.000% 85.000% Primary Purchase 776   xx 2 $16,468.77 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  24.962% No Full Documentation QC Complete 07/07/2026
67 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 06/XX/2026 80.000% 80.000% Investor Purchase 807         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/07/2026
69 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 43.310% 43.310% Investor Refinance 728         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 07/07/2026
70 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 65.000% 65.000% Investor Cash Out 788         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$194,338.48     Alternative QC Complete 07/07/2026
71 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 06/XX/2026 45.047% 45.047% Investor Purchase 795   xx 37.08 $15,828.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.681% No Full Documentation QC Complete 07/20/2026
72 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 06/XX/2026 80.000% 80.000% Investor Purchase 744         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/07/2026
74 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 06/XX/2026 80.000% 80.000% Investor Purchase 754         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/07/2026
75 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 06/XX/2026 80.000% 80.000% Investor Purchase 798         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/07/2026
79 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Investor Cash Out 782         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$92,188.81     Alternative QC Complete 07/07/2026
80 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 06/XX/2026 75.000% 75.000% Investor Purchase 760         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/07/2026
82 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 80.000% 80.000% Primary Purchase 777   xx 15.5 $42,926.98 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  21.060% No Alternative QC Complete 07/20/2026
84 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 06/XX/2026 80.000% 80.000% Investor Purchase 758         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/17/2026
86 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 74.468% 74.468% Investor Cash Out 761         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$167,078.68     Alternative QC Complete 07/17/2026
94 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family 06/XX/2026 75.000% 75.000% Investor Purchase 773   xx 3 $17,666.86 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.873% No Full Documentation QC Complete 07/07/2026
99 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 64.798% 64.798% Investor Cash Out 809         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$140,118.49     Alternative QC Complete 07/20/2026
101 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 06/XX/2026 73.991% 73.991% Investor Refinance 700         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 07/20/2026
102 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 752         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/07/2026
104 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 80.000% 80.000% Primary Purchase 782   xx 0.92 $50,000.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.197% No Full Documentation QC Complete 07/20/2026
106 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 06/XX/2026 80.000% 80.000% Investor Purchase 723         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/07/2026
107 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 07/XX/2026 73.816% 73.816% Investor Cash Out 794   xx     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$258,567.21     Alternative QC Complete 07/16/2026
108 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 70.000% 70.000% Primary Cash Out 664 5 xx 32.5 $39,115.40 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$201,487.29 28.477%   Full Documentation QC Complete 07/17/2026
112 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 06/XX/2026 71.000% 71.000% Investor Purchase 811         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/16/2026
115 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 07/XX/2026 75.000% 75.000% Investor Purchase 765         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/17/2026
116 XX XX   XX XX Non-QM/Compliant 4 2 2 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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.

Higher-Priced Mortgage Loan Test: Charged 8.267% Allowed 8.070% + Overby 0.197%

This loan is compliant with regulation 1026.35.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Exception for FTHB without a housing expense.


A copy of an exception approval letter is available in the loan file.
FICO: 753 FICO exceeds the guideline requirement of 720.

LTV: 85.00% LTV is less than the guideline requirement of 90.00%.

DTI: 5.98% DTI is less than the maximum guideline requirement of 50.00%.
Low Rise Condo  (1-4 Stories) 06/XX/2026 85.000% 85.000% Primary Purchase 753   xx 2.83 $156,480.56 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  5.987% Yes Alternative QC Complete 07/17/2026
118 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) 06/XX/2026 67.638% 67.638% Investor Purchase 728   xx 14.75 $29,874.03 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.643% No Full Documentation QC Complete 07/17/2026
119 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 85.000% 85.000% Primary Purchase 778     3.83 $3,135.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.155% Yes Alternative QC Complete 07/17/2026
120 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           2 Family 06/XX/2026 72.577% 72.577% Primary Refinance 771 1.83 xx 10 $37,659.61 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  32.497%   Full Documentation QC Complete 07/17/2026
121 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a supporting document for HOA showing $315.50.

07/XX/2026 Resolved - Resolved as the HOA can be verified from appraisal.
    Low Rise Condo  (1-4 Stories) 06/XX/2026 75.000% 75.000% Investor Purchase 707   xx 11.66 $9,555.99 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.408% No Full Documentation QC Complete 07/07/2026
122 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Investor Cash Out 732   xx 3.33 $9,191.70 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$80,921.25 31.898%   Alternative QC Complete 07/17/2026
123 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of updated Title report or supplemental title report including Lender ISAOA/ATIMA clause, as is it missing.
07/XX/2026;  Resolved.  Received updated title.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provided hazard insurance document reflect the subject mortgagee name as 'XX', which is not the subject lender. Provided a copy of updated hazard insurance document to reflect the correct subject mortgagee name as 'XX'.
07/XX/2026:  Resolved.  Received updated HOI
    Low Rise Condo  (1-4 Stories) 06/XX/2026 55.448% 55.448% Investor Cash Out 777         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$250,741.33     Alternative QC Complete 07/17/2026
124 XX XX   XX XX Not Covered/Exempt 2 2 1 2 1 No No       *** (WAIVED) Property zoned rural and contains more than 10 acres - EV W
COMMENT:   Exception being requested for excess acreage xx acres and product allows maximum of 20 acres.

A copy of an exception approval letter is available in the loan file.
Reserves: The 63 months of available reserves are more than the guideline requirement of 3 months.

DTI: 33.22% DTI is less than the maximum guideline requirement of 50.00%.

Residual Income : $48,522.90 monthly 
Single Family 06/XX/2026 79.877% 79.877% Investor Refinance 765   xx 11.5 $72,665.86 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.225%   Alternative QC Complete 07/07/2026
125 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Primary Cash Out 760 1.58 xx 9.16 $14,982.38 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$36,120.76 36.541%   Full Documentation QC Complete 07/17/2026
128 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 07/XX/2026 75.000% 75.000% Primary Purchase 754   xx 9.08 $21,626.02 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  40.418% No Alternative QC Complete 07/20/2026
129 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 794       $32,260.07 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.522% No Alternative QC Complete 07/17/2026
131 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 53.846% 53.846% Primary Purchase 715   xx 10.92 $36,347.98 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.274% No Alternative QC Complete 07/17/2026
134 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 07/XX/2026 73.770% 73.770% Investor Cash Out 750   xx 32.5 $179,096.42 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$423,802.77 10.605%   Alternative QC Complete 07/17/2026
135 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) 07/XX/2026 67.059% 67.059% Investor Purchase 804         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/17/2026
254 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Exception to allow FICO score of 684 vs minimum FICO required of 700.

A copy of an exception approval letter is available in the loan file.
Reserves: The 38 months of available reserves are more than the guideline requirement of 6 months.

LTV: 70.00% LTV is less than the guideline requirement of 75.00%.
Single Family 06/XX/2026 70.000% 70.000% Investor Cash Out 684         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$34,211.84     Alternative QC Complete 06/30/2026
258 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of updated Hazard insurance including Lender ISAOA/ATIMA, as is it missing
07/XX/2026:  Resolved.  Received updated HOI.
    PUD 06/XX/2026 80.000% 80.000% Primary Purchase 736   xx 5.5 $26,250.03 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.524% No Full Documentation QC Complete 06/30/2026
259 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance $XX does not cover the loan amount $XX. Provide a copy of the title supplement report to cover the loan amount along with the lender ISAOA clues as it is missing.

07/XX/2026 Resolved: The copy of title policy resolves the condition.

*** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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.

Higher-Priced Mortgage Loan Test: Charged 8.485% Allowed 8.010% Overby +0.475%

This loan is compliant with regulation 1026.35.
    Single Family 06/XX/2026 70.000% 70.000% Primary Cash Out 651 20 xx 20.42 $32,609.33 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$330,247.83 44.600%   Alternative QC Complete 06/30/2026
260 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 80.000% 80.000% Primary Cash Out 727 6 xx 4.33 $8,757.84 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$20,322.75 44.334%   Alternative QC Complete 06/30/2026
261 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 85.000% 85.000% Investor Purchase 751   xx 8.08 $41,314.89 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.437% No Alternative QC Complete 06/30/2026
263 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Investor Purchase 678         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/15/2026
271 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 06/XX/2026 70.000% 70.000% Investor Purchase 798     14.41 $53,035.91 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  38.237% No Alternative QC Complete 06/30/2026
272 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Allowing to use of 99% of business assets to avoid asking for letter from business partner allowing use of assets for this transaction.

A copy of an exception approval letter is available in the loan file.
FICO: 752 FICO exceeds the guideline requirement of 700.

Reserves: The 72 months of available reserves are more than the guideline requirement of 10 months.

Housing History: 0x30x12 is better than guideline requirement of 1x30x12.
PUD 06/XX/2026 80.000% 80.000% Investor Refinance 752   xx 3.75 $324,301.38 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  14.269%   Alternative QC Complete 07/15/2026
273 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 56.315% 56.315% Primary Purchase 792   xx 11.92 $127,310.69 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  10.280% No Alternative QC Complete 07/15/2026
274 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of updated title report for IOSAO clause, as it is currently missing from the file.
07/XX/2026:  Resolved.  Received updated title
    Single Family 06/XX/2026 75.000% 75.000% Investor Purchase 786         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/24/2026
276 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 85.000% 85.000% Investor Purchase 747         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/30/2026
278 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 05/XX/2026 79.973% 79.973% Investor Purchase 812   xx 6.42 $20,550.75 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.840% No Alternative QC Complete 06/05/2026
280 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Driving license reflecting borrower "XX" sex as female and in final 1003 reflecting as Male, required correction of 1003 from male to female
07/XX/2026:  Resolved.  Received updated 1003
    2 Family 06/XX/2026 85.000% 85.000% Investor Purchase 729         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/30/2026
281 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of Title supplement  which should cover the loan amount.

07/XX/2026 Resolved: The copy of title policy resolves the condition.
    Single Family 06/XX/2026 79.156% 79.156% Primary Cash Out 723 2.08 xx 4 $4,762.52 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$52,248.78 43.066%   Alternative QC Complete 06/18/2026
284 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 46.087% 46.087% Primary Refinance 808 1.75 xx 14.83 $24,714.33 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.939%   Alternative QC Complete 06/30/2026
287 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Investor Purchase 800         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/10/2026
288 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of the title supplement report to cover the loan amount, The amount of title insurance $XX does not cover the loan amount $XX
07/XX/2026:  Resolved.  Received updated title.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of HOA document for the property address:XX as it is missing.


07/XX/2026 Resolved : the copy of property detail doc resolves the condition.
    PUD 06/XX/2026 67.640% 67.640% Primary Refinance 751 2.08 xx 2.42 $6,294.45 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  46.197%   Alternative QC Complete 06/30/2026
291 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 07/XX/2026 80.000% 80.000% Investor Purchase 752         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/15/2026
292 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   The hazard insurance mortgage clause currently lists the lender as XX. However, the subject property's lender is XX provide an updated copy of the hazard insurance policy with the mortgage clause corrected to XX
07/XX/2026:  Resolved.  Received updated HOI
    2 Family 06/XX/2026 80.000% 80.000% Investor Refinance 763         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 07/15/2026
293 XX XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an LOE stating that the property "XX " has no HOA fee.

07/XX/2026 Resolved : The copy of LOX with HOA explanation resolves the condition.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Exception to permit 8 NSF's in the most recent twelve months instead of 6


A copy of an exception approval letter is available in the loan file.
DTI: 32.26% DTI is less than the maximum guideline requirement of 50.00%.

Reserves: The 5 months of available reserves are more than the guideline requirement of 3 months.

Bank statements: 8 consecutive most recent months have no overdrafts



High Rise Condo (>=9 Stories) 06/XX/2026 80.000% 80.000% Primary Purchase 700   xx 0.5 $1,362.40 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  32.265% Yes Alternative QC Complete 06/30/2026
295 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated CPA letter with expense factor 23% reflecting on it.
07/XX/2026:  Resolved.  Received updated CPA letter
    Single Family 06/XX/2026 80.000% 80.000% Primary Cash Out 702 1.16 xx 2.42 $7,554.98 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:30
Verification Type:Credit Report
$15,052.80 48.721%   Alternative QC Complete 06/30/2026
297 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of Business Purpose Affidavit.

07/XX/2026: The copy of Business Purpose Affidavit resolves the condition.
    PUD 06/XX/2026 85.000% 85.000% Investor Purchase 805     16.25 $41,016.08 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.153% No Full Documentation QC Complete 07/02/2026
298 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Property Issues indicated - EV R
COMMENT:   Provide an updated appraisal report with Special flood hazard insurance as "YES" and FEMMA flood zone as "AH".
07/XX/2026:  Resolved.  Received updated appraisal

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a proof of document for the transfer of gift amount $28,000.00 as it is missing.
07/XX/2026:  Resolved.  Received proof of wire for $28,000.00
    Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 745   xx 7.41 $28,032.75 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  16.746% Yes Alternative QC Complete 06/30/2026
302 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the updated hazard insurance policy that includes the mortgage clause naming  XX as the lender.
07/XX/2026:  Resolved.  Received updated HOI
    2 Family 06/XX/2026 79.675% 79.675% Investor Refinance 763         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 07/14/2026
303 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 80.000% 80.000% Primary Purchase 748   xx 2.33 $13,671.72 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.433% Yes Alternative QC Complete 06/30/2026
306 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 73.111% 73.111% Primary Cash Out 762 2.17 xx 8.75 $78,175.61 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$224,191.14 22.619%   Full Documentation QC Complete 07/15/2026
307 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of Title Supplement to cover the loan amount $XX
07/XX/2026:  Resolved.  Received updated title.
    Single Family 06/XX/2026 69.706% 69.706% Primary Purchase 800         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/30/2026
311 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated final 1003 for Borrower. The asset depletion income should be reflected under Other Income on the final 1003.
07/XX/2026"  Resolved.  Received updated 1003.
    Single Family 06/XX/2026 75.000% 75.000% Primary Purchase 770       $70,459.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  24.933% No Alternative QC Complete 07/10/2026
312 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) xx TRID Tolerance Test is Incomplete - EV R
COMMENT:   Missing Initial Closing Disclosure.

Resolved 06/XX/2026: Received Initial Closing Disclosure dated 05/XX/2026 and exception is cleared.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of CPA letter for borrower business "XX", to verify the ownership.
06/XX/2026:  Resolved.  Received CPA verifying 49.86301% ownership in XX
    Single Family 05/XX/2026 73.941% 73.941% Primary Refinance 817 1.66 xx 10.25 $78,332.84 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.479%   Alternative QC Complete 06/18/2026
314 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide hazard Insurance for subject property with correct mortgagee clause and coverage amount to match loan amount or show 100% replacement cost.
07/XX/2026:  Resolved.  Received updated HOI
    Single Family 06/XX/2026 17.460% 17.460% Primary Cash Out 754 30.5 xx 29.58 $23,230.38 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$96,409.97 13.830%   Alternative QC Complete 07/07/2026
315 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 80.000% 80.000% Primary Purchase 801   xx 2.5 $14,934.77 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.522% Yes Alternative QC Complete 07/14/2026
316 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the updated final 1003. The Income from other Source section does not reflect the Asset Depletion income for Borrower 1, (XXt), in the amount of $2,724.00, and Co-Borrower 2, (XX), in the amount of $10,503.00 as it is missing
07/XX/2026:  Countered.  The 1003 provided did not have the changes made to the other income section.  This is still needed.
07/XX/2026:  Resolved.  Received updated 1003
    Single Family 06/XX/2026 50.000% 50.000% Primary Purchase 706       $2,724.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  19.690% No Alternative QC Complete 06/23/2026
321 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 75.000% 75.000% Primary Purchase 778   xx 3.16 $11,293.66 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.732% No Full Documentation QC Complete 07/08/2026
322 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of taxes, insurance, HOA for the REO Property : XX
07/XX/2026:  Resolved.  Received tax and insurance docs

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Missing CDA supporting the appraisal report dated 06/XX/2026 with appraisal value of $XX
07/XX/2026:  Resolved.  A 2nd full appraisal was provided.  Used lower of the 2 appraisals.  CDA not required.
    PUD 06/XX/2026 80.000% 80.000% Primary Purchase 779   xx 14.08 $28,970.95 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.497% No Full Documentation QC Complete 07/08/2026
323 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 74.993% 74.993% Investor Cash Out 727   xx 6.92 $33,168.02 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$79,872.36 41.437%   Alternative QC Complete 06/30/2026
324 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 06/XX/2026 75.000% 75.000% Investor Purchase 773         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/14/2026
325 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 51.282% 51.282% Primary Cash Out 764 28 xx 20.42 $7,412.66 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$94,485.41 20.621%   Alternative QC Complete 06/30/2026
327 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 07/XX/2026 85.000% 85.000% Investor Refinance 754   xx 22.5 $93,972.87 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.094%   Alternative QC Complete 07/21/2026
329 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 07/XX/2026 80.000% 80.000% Investor Purchase 742         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/21/2026
331 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Requesting an exception for no housing history for FTHB.


A copy of an exception approval letter is available in the loan file.
DTI: 31.545% is lower than the maximum guideline requirement of 50.00%.

Reserves: 28 months of available reserves are more than the guideline requirement of 3 months.

LTV: 75.00% is lower than the maximum guideline requirement of 90.00%.

FICO: 778 exceeds the minimum FICO requirement of 720.
Single Family 06/XX/2026 75.000% 75.000% Primary Purchase 778   xx 7 $8,397.87 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.545% Yes Alternative QC Complete 08/12/2026
332 XX XX   XX XX Not Covered/Exempt 3 2 2 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of supplemental title report , as the proposed title insured amount $XX is inadequate to fully cover the loan amount of XX
07/XX/2026:  Resolved.  Received updated title.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Loan amount $XX vs $1.5M max loan amount

A copy of an exception approval letter is available in the loan file.
FICO: 784 exceeds the minimum FICO requirement of 720.

Reserves: 19 months of available reserves are more than the guideline requirement of 9 months.

DTI: 35.518% is lower than the maximum guideline requirement of 50.00%.
PUD 06/XX/2026 74.384% 74.384% Investor Refinance 784   xx 9.33 $25,728.80 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.518%   Full Documentation QC Complete 08/12/2026
333 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Investor Cash Out 726         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$109,386.95     Alternative QC Complete 07/17/2026
335 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Missing Required Disclosures - EV R
COMMENT:   Require correction for occupancy of property "XX" from primary residence to investment on REO section of final 1003.
06/XX/2026:  Resolved.  Received updated 1003.
    Single Family 06/XX/2026 63.406% 63.406% Investor Refinance 703   xx 6.25 $30,329.48 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.924%   Alternative QC Complete 06/19/2026
340 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 07/XX/2026 80.000% 80.000% Investor Purchase 784         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/14/2026
342 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Investor Purchase 810         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/07/2026
345 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of proposed Lender's coverage on the Title Commitment is less than the loan amount. Provide a copy of the title supplement reflecting coverage in the amount of $XX
07/XX/2026:  Resolved.  Received updated title.
    Single Family 06/XX/2026 60.000% 60.000% Investor Cash Out 734         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$293,355.41     Alternative QC Complete 07/07/2026
346 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 90.000% 90.000% Primary Purchase 763   xx 2.75 $5,046.66 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.116% Yes Alternative QC Complete 07/01/2026
348 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 44.444% 44.444% Primary Cash Out 775 21 xx 38.92 $24,057.46 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$529,751.44 33.284%   Alternative QC Complete 07/01/2026
349 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide gift letter for amount $200,000.00 from XX as it is missing.
07/XX/2026:  Resolved.  Received gift letter
    Single Family 06/XX/2026 60.000% 60.000% Primary Purchase 808   xx 0.66 $29,466.27 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.143% Yes Alternative QC Complete 06/30/2026
350 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   The subject condominium has a gross living area of less than 500 square feet.

A copy of an exception approval letter is available in the loan file.
Reserves: The 244 months of available reserves are more than the guideline requirement of 3 months.

DTI: 28.15% DTI is less than the maximum guideline requirement of 50.00%.

Residual Income : $27,880.74 monthly
High Rise Condo (>=9 Stories) 07/XX/2026 80.000% 80.000% Secondary Purchase 785   xx 23.5 $38,804.41 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  28.151% No Alternative QC Complete 08/12/2026
351 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 07/XX/2026 85.000% 85.000% Investor Purchase 724   xx 12.94 $33,463.37 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  24.794% No Alternative QC Complete 07/17/2026
354 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 712   xx 11.33 $13,508.37 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  40.464% Yes Alternative QC Complete 07/09/2026
356 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 75.000% 75.000% Primary Purchase 723   xx 2.16 $15,534.54 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  35.347% Yes Alternative QC Complete 07/01/2026
357 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 27.365% 27.365% Primary Refinance 774 0.25 xx 1.5 $11,944.62 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  25.171%   Full Documentation QC Complete 07/01/2026
358 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 05/XX/2026 16.239% 16.239% Primary Refinance 771 0.16 xx 8.91 $33,344.51 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.659%   Alternative QC Complete 08/12/2026
359 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of 1004D Appraisal report photos reflecting Subject Deferred Maintenance.
06/XX/2026:  Countered.  Document received is a termite invoice and termite inspection report.  A 1004D from apprasier for deferred maintenance is needed.
06/XX/2026:  Resolved.  Received a copy of the termite inspection report as alternate to 1004D
    Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 772         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/16/2026
361 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 07/XX/2026 80.000% 80.000% Primary Purchase 720   xx 9.83 $27,061.31 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  25.075% No Alternative QC Complete 07/14/2026
362 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family 05/XX/2026 75.000% 75.000% Investor Purchase 663         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/08/2026
363 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 07/XX/2026 74.783% 74.783% Primary Cash Out 760 25.08 xx 4.33 $9,983.88 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$130,769.90 25.666%   Alternative QC Complete 07/21/2026
364 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 85.000% 85.000% Primary Purchase 793   xx 3.08 $33,179.09 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  13.264% No Alternative QC Complete 07/07/2026
366 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 725   xx 10 $6,343.81 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  40.664% No Full Documentation QC Complete 07/10/2026
369 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) 05/XX/2026 80.000% 80.000% Primary Purchase 812         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 08/12/2026
370 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 05/XX/2026 82.684% 82.684% Investor Refinance 727         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 06/08/2026
371 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 75.000% 75.000% Primary Cash Out 781 2 xx 18.25 $27,435.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$426,069.69 34.697%   Full Documentation QC Complete 07/09/2026
374 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           2 Family 05/XX/2026 75.000% 75.000% Primary Purchase 731   xx 6.83 $46,621.13 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  17.319% Yes Alternative QC Complete 06/04/2026
375 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance $XX does not cover the loan amount $XX. Provide a copy of the title supplement report to cover the loan amount.
06/XX/2026;  Resolved.  Received updated title.
    PUD 05/XX/2026 80.000% 80.000% Primary Cash Out 700 0.58     $11,698.60 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$126,515.42 49.743%   Full Documentation QC Complete 06/03/2026
376 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 73.281% 73.281% Primary Refinance 779 1.16 xx 6.83 $48,934.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.247%   Alternative QC Complete 07/01/2026
377 XX XX   XX XX Not Covered/Exempt 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provided lease agreement for the subject property expired on 03/XX/2026. Provide a copy of updated lease agreement with the new expiration date.

06/XX/2026 Resolved : The copy of updated LOE with lease agreement snip resolves the condition.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Requesting FICO exception for FICO of 713 vs. 720 minimum required at 75% LTV

A copy of an exception approval letter is available in the loan file.
DSCR: 1.37 DSCR exceeds the guideline requirement of 0.50.

LTV: 74.26% LTV is less than the guideline requirement of 75.00%.

Reserves: The 82 months of available reserves are more than the guideline requirement of 6 months.
Low Rise Condo  (1-4 Stories) 06/XX/2026 74.265% 74.265% Investor Cash Out 713         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$95,076.73     Alternative QC Complete 06/22/2026
380 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 06/XX/2026 65.000% 65.000% Investor Cash Out 748         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$288,705.01     Alternative QC Complete 07/01/2026
382 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   The total verified assets of $24,340.31 are insufficient to meet the six-month reserve requirement. After subtracting the cash-to-close amount of $17,070.60, the remaining assets total $7,269.71. This falls $2,267.16 short of the required six-month reserves of $9,536.87.

07/XX/2026:  Resolved.  Reserves are not requires on a rate term refinance • Rate and Term Refinance transactions do not require reserves if the following are met:
o Loan amount is ≤ $650,000
o Mortgage history is 0x30x24 or since inception if owned between 12-24 months
o Subject property housing payment is decreasing
o Borrower does not have a prior bankruptcy, foreclosure, short-sale, DIL, pre-
foreclosure, mortgage charge-off
    Single Family 06/XX/2026 85.000% 85.000% Investor Refinance 746         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 07/01/2026
383 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 05/XX/2026 80.000% 80.000% Investor Refinance 727         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 06/08/2026
387 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the evidence document receipt insurance for property #XX ..., as the required documentation is missing.
06/XX/2026:  Resolved.  Received HOI for XX
    Single Family 05/XX/2026 80.000% 80.000% Primary Cash Out 712 0.08 xx 18.33 $6,593.34 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$113,727.75 42.839%   Alternative QC Complete 06/04/2026
388 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 05/XX/2026 80.000% 80.000% Primary Purchase 765       $13,607.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.259% No Alternative QC Complete 06/08/2026
389 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family 05/XX/2026 60.969% 60.969% Investor Refinance 754   xx 10.25 $44,281.46 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.126%   Alternative QC Complete 06/15/2026
392 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 07/XX/2026 75.000% 75.000% Investor Purchase 778         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/21/2026
394 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of Supplemental report of title. Amount of title insurance is not sufficient to cover the loan amount.
06/XX/2026:  Countered.  Received a business loan certificate.  A  copy of Supplemental report of title. Amount of title insurance is not sufficient to cover the loan amount is still needed.
06/XX/2026:  Resolved.  Received updated title.
    Single Family 06/XX/2026 70.000% 70.000% Primary Cash Out 732 20     $13,804.53 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$284,426.08 39.586%   Alternative QC Complete 06/22/2026
396 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of Supplemental Title Report to cover the loan amount.
07/XX/2026:  Resolved.  Received updated title
    Single Family 06/XX/2026 70.000% 70.000% Primary Purchase 774         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    Yes Alternative QC Complete 07/01/2026
397 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 05/XX/2026 60.951% 60.951% Primary Refinance 773 1.16     $46,262.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.347%   Alternative QC Complete 06/05/2026
400 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Primary Purchase 744   xx 5.08 $183,501.38 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  16.691% No Alternative QC Complete 07/07/2026
401 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the additional most recent two months of bank statements to verify the sufficient assets to cover the reserves requirement of $5,321.88.
07/XX/2026:  Resolved.  Received bank statements
    Single Family 06/XX/2026 75.000% 75.000% Investor Purchase 800         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/01/2026
404 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 05/XX/2026 74.490% 74.490% Primary Purchase 715   xx 12.16 $10,427.73 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  32.802% Yes Alternative QC Complete 06/08/2026
405 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the rent-free letter for the property located at #XX, as it was missing.
06/XX/2026:  Resolved.  Rent free letter not required on smartvest
    Low Rise Condo  (1-4 Stories) 05/XX/2026 70.000% 70.000% Investor Purchase 739         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/04/2026
406 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 85.000% 85.000% Primary Purchase 744   xx 9.91 $108,756.78 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  5.557% Yes Alternative QC Complete 07/07/2026
408 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 07/XX/2026 85.000% 85.000% Primary Purchase 755   xx 0.33 $14,583.34 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.835% No Full Documentation QC Complete 07/15/2026
409 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 58.671% 58.671% Primary Cash Out 763 11 xx 7.42 $510,745.30 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$500,964.24 2.570%   Alternative QC Complete 07/14/2026
412 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of the evidence settlement statement or a letter of explanation of the cash-out proceeds (savings) in the amount of $62,000.00, as the required documentation is missing.
06/XX/2026:  Resolved.  Received a copy of the CD.
    Single Family 05/XX/2026 80.000% 80.000% Investor Purchase 758   xx 7.33 $70,613.04 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.301% No Alternative QC Complete 06/03/2026
413 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 79.962% 79.962% Primary Refinance 803 1 xx 8.92 $13,999.18 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  46.934%   Alternative QC Complete 07/10/2026
414 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 05/XX/2026 80.000% 80.000% Investor Purchase 767         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/08/2026
418 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   As per guideline if borrower ownership is between 25% to 100%. We need to use 75% business funds with approval from all other owners.Using 90% of funds from business account XX for closing /reserves.

A copy of an exception approval letter is available in the loan file.
LTV: 80.00% LTV is less than the guideline requirement of 85.00%.

DTI: 34.14% DTI is less than the maximum guideline requirement of 50.00%.

Reserves: The 11 months of available reserves are more than the guideline requirement of 6 months.
Low Rise Condo  (1-4 Stories) 05/XX/2026 80.000% 80.000% Investor Purchase 746   xx 6.33 $17,745.83 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.148% No Alternative QC Complete 06/08/2026
420 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Non Arm Length's Trans/Identity of Interest/Conflict of Interest. The seller is the purchaser's brother-in-law.

A copy of an exception approval letter is available in the loan file. The sale was at market value supported by an independent appraisal.
DSCR: 1.1377 DSCR exceeds the guideline requirement of 1.00.

Reserves: The 52 months of available reserves are more than the guideline requirement of 6 months.

PUD 07/XX/2026 80.000% 80.000% Investor Purchase 756         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/16/2026
421 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide an updated final application. The other income sources section does not reflect the Co-Borrower's trust income. Update the application to include trust income forXX in the monthly amount of $8,350.00 and ensure consistency with the income documentation and underwriting approval.
07/XX/2026:  countered.  The 1003 provided does not include the trust income in other income sources of $8,350.00
07/XX/2026:  Received updated 1003
    PUD 06/XX/2026 70.000% 70.000% Primary Purchase 754   xx 7.5 $17,360.54 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.928% No Alternative QC Complete 06/25/2026
422 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 05/XX/2026 80.000% 80.000% Primary Purchase 744     3.33 $44,095.72 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.044% No Alternative QC Complete 06/04/2026
425 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 06/XX/2026 80.000% 80.000% Investor Purchase 786         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/13/2026
426 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 05/XX/2026 51.852% 51.852% Primary Cash Out 776 20 xx 5.91 $6,414.54 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$68,757.99 31.479%   Alternative QC Complete 06/05/2026
427 XX XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   The approval reflects the XX Mortgage debt for the property located at XX, as excluded. However, no exclusion reason has been provided. Provide the reason for the exclusion or supporting documentation.
06/XX/2026:  Resolved.  XX pays XX loan number XX from XX.  Bank statements were provided.
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Allowing One year self employed program with SLE to allow previous job self employed history in same line of business since 2014 but under different business.


A copy of an exception approval letter is available in the loan file.
FICO: 763 FICO exceeds the guideline requirement of 640.

LTV: 54.794% LTV is less than the guideline requirement of 70.00%.

Reserves: The 17 months of available reserves are more than the guideline requirement of 9 months.
PUD 06/XX/2026 54.795% 54.795% Secondary Purchase 763   xx 1.58 $5,133.58 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.557% No Alternative QC Complete 08/12/2026
429 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 06/XX/2026 77.843% 77.843% Investor Refinance 779         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 07/17/2026
431 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of Supplemental report of title. Title vested in missing the ISAOA/ATIMA
07/XX/2026:  Resolved.  Received updated title.
    Low Rise Condo  (1-4 Stories) 06/XX/2026 75.000% 75.000% Investor Purchase 758         Mos Reviewed:12
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Rent
    No Alternative QC Complete 07/07/2026
433 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   Provide a copy of Replacement cost estimate. Amount of hazard insurance is not sufficient to cover the loan amount.
06/XX/2026:  Countered.  Policy provided is a HO6  condominium policy.  A master insurance policy will be needed
06/XX/2026:  Countered.  Policy provided is a HO6  condominium policy.  A master insurance policy will be needed
07/XX/2026:  Countered.  Master insurance policy needs to have mortgagee clause added with borrowers name, loan number  and subject property listed.
07/XX/2026 Resolved : Resolved as the HO6 resolves the condition.
    PUD 05/XX/2026 73.000% 73.000% Investor Purchase 737   xx 6.08 $28,359.91 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.076% No Full Documentation QC Complete 06/05/2026
434 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 05/XX/2026 46.167% 46.167% Primary Purchase 792       $4,771.73 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.412% No Full Documentation QC Complete 06/04/2026
436 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) LOE - EV R
COMMENT:   The property located at XXt is not disclosed on the 1003; however, the file contains a Homeowners Insurance (HOI) document in the borrower's name for the same property. Therefore, provide a Letter of Explanation (LOE) addressing the borrower's association with the property and explaining why it was not reported on the loan application.

07/XX/2026:  Resolved.  LOE provided this is parents house

*** (CURED) Missing proof of hazard insurance - EV R
COMMENT:   Provide a copy of Hazard insurance for subject property as it is missing.
07/XX/2026 Countered.  Declaration page is missing premium amount.
07/XX/2026:  Resolved.  Received HOI with premium

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of updated title report or supplemental title report including Lender ISAOA/ATIMA clause, as is it missing.
06/XX/2026:  Resolved.  Received updated title.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide the Initial Loan Application dated 03/XX/2026, as referenced on the Revised Loan Application dated 04/XX/2026. Additionally, provide the missing Loan Estimate (LE) dated 03/XX/2026, as indicated by the Intent to Proceed documentation on page 333. Also, provide the initial disclosure package evidencing compliance with the TRID requirement that disclosures were issued within three business days of the initial application date of 03/XX/2026.

Resolved.  Received required documents.
    Single Family 06/XX/2026 60.283% 60.283% Primary Cash Out 733 9.83 xx 0.58 $2,000.01 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$61,873.44 48.606%   Alternative QC Complete 06/19/2026
437 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 07/XX/2026 43.333% 43.333% Investor Cash Out 751         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$119,429.31     Alternative QC Complete 07/15/2026
438 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 05/XX/2026 63.049% 63.049% Investor Refinance 754   xx 10.25 $44,281.46 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.128%   Alternative QC Complete 06/09/2026
439 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 775         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/10/2026
440 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of Title supplement which should cover the loan amount
07/XX/2026:  Resolved.  Received updated title

*** (CURED) xx TRID Tolerance Test is Incomplete - EV R
COMMENT:   Missing Initial Closing Disclosure.

Resolved 07/XX/2026: Received Initial Closing Disclosure dated 06/XX/2026 and exception is cleared.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   provide a copy of Bank statement of XX of 1/XX/2026
07/XX/2026:  Resolved.  Received 01/XX/2026 bank statement.
    Low Rise Condo  (1-4 Stories) 06/XX/2026 84.727% 84.727% Primary Refinance 806 1.33 xx 15.33 $89,899.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  16.518%   Alternative QC Complete 07/07/2026
441 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 07/XX/2026 75.000% 75.000% Investor Purchase 773         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/16/2026
443 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 05/XX/2026 85.000% 85.000% Investor Purchase 772         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/03/2026
444 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Primary Cash Out 712 4 xx 7.58 $6,002.51 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$21,177.74 42.704%   Alternative QC Complete 07/14/2026
445 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Allowing the documentation for the housing payment history since the prior home sold in Feb 2026.

A copy of an exception approval letter is available in the loan file.
FICO: 798 FICO exceeds the guideline requirement of 700.

LTV: 28.46% LTV is less than the guideline requirement of 85.00%.

Residual Income : $8,552.59 exceeds the minimum guideline requirement of $2,500.
PUD 07/XX/2026 28.463% 28.463% Primary Purchase 798         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/20/2026
446 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 05/XX/2026 80.000% 80.000% Investor Purchase 779         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/09/2026
447 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 70.000% 70.000% Primary Purchase 802   xx 1.83 $23,875.86 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.873% No Full Documentation QC Complete 07/01/2026
448 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 80.000% 80.000% Primary Purchase 759         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/07/2026
450 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Coverage amount $XX on the title report is less than the mortgage loan amount of XX. Provide a copy of Title supplement to cover the loan amount.
07/XX/2026:  Resolved.  Received updated title.
    Single Family 06/XX/2026 77.895% 77.895% Investor Cash Out 733         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$2,000.00     Alternative QC Complete 07/08/2026
452 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of supporting document for the amount of $350 for property address "XX"
07/XX/2026;  Resolved:  Received updated 1003 with the $350.00 removed from the 1003
    PUD 06/XX/2026 50.710% 50.710% Secondary Purchase 725         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/23/2026
453 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) xx TRID Tolerance Test Failed - EV R
COMMENT:   TRID violation due to Appraisal Review fee Added on Final CD dated 06/XX/2026. Initial LE dated 04/XX/2026 reflects Appraisal Review fee as $0.00 however, Final CD dated 06/XX/2026 reflects the Appraisal Review fee as $120.00. Require valid COC or cure amount of $120.00.

Resolved 06/XX/2026: Received COC dated 05/XX/2026 and exception is cleared.
    PUD 06/XX/2026 61.777% 61.777% Primary Purchase 746   xx 9.25 $213,612.95 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  7.753% No Alternative QC Complete 06/17/2026
455 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide the corrected final 1003 for both Borrower 1 and Borrower 2 to resolve the income discrepancy. as the borrowers initial 1003 reflects Social Security/Disability and Pension/Retirement income, this income is not reflected in the final 1003, though it has been used in the DTI calculations.
6/XX/2026:  Resolved:  Received updated 1003

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a corrected copy of the Mortgage or Deed of Trust (DOT) reflecting the MIN or xx (Mortgage Identification Number), as it is missing.
07/XX/2026:  Resolved.  Received a loe from client stating:  this loan is for the state of MAINE.  XX had requested that all loans in the state of Maine be set to be Non-xx.  This is not a program/product specific this is State Specific. Per the XX which has been in production since June 2021.
    PUD 06/XX/2026 70.000% 70.000% Primary Purchase 763   xx 6.33 $10,636.25 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.540% No Full Documentation QC Complete 06/24/2026
456 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 06/XX/2026 80.000% 80.000% Investor Purchase 765   xx 3.42 $33,012.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  36.032% No Alternative QC Complete 07/01/2026
457 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 05/XX/2026 80.000% 80.000% Investor Purchase 796         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/08/2026
459 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 85.000% 85.000% Primary Purchase 797   xx 6.42 $49,730.27 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  32.952% No Alternative QC Complete 07/15/2026
462 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 05/XX/2026 80.000% 80.000% Secondary Purchase 795   xx 3 $15,397.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  46.920% No Alternative QC Complete 06/03/2026
463 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of Tax and insurance document for property address "XX"
06/XX/2026:  Counter.  No proof of insurance was provided.
06/XX/2026:  Resolved.  Property is land no HOI
    Single Family 05/XX/2026 68.261% 68.261% Primary Purchase 774   xx 15.83 $18,707.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  38.460% No Alternative QC Complete 06/04/2026
464 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the condo questionnaire, as it is missing.
06/XX/2026:  Resolved.  Received condominium Information sheet.
    Low Rise Condo  (1-4 Stories) 06/XX/2026 75.000% 75.000% Primary Purchase 715   xx 0.08 $12,500.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  38.780% No Full Documentation QC Complete 06/22/2026
465 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) 06/XX/2026 60.000% 60.000% Investor Purchase 777         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/22/2026
467 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 06/XX/2026 80.000% 80.000% Investor Purchase 781   xx 9.17 $49,968.84 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  23.147% No Alternative QC Complete 07/09/2026
468 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 05/XX/2026 80.000% 80.000% Investor Purchase 753   xx 3.08 $3,416.21 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.250% No Full Documentation QC Complete 06/11/2026
469 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Use 100% of business assets in account XX

A copy of an exception approval letter is available in the loan file.
FICO: 670 FICO exceeds the guideline requirement of 640.

Residual Income : $22,095.16 monthly

DTI: 19.381% DTI is less than the maximum guideline requirement of 50.00%.

PUD 06/XX/2026 67.532% 67.532% Primary Purchase 670   xx 23.41 $27,407.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  19.381% No Alternative QC Complete 07/08/2026
470 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   Hazard insurance dwelling and increase dwelling coverage of $XX is does not cover the loan amount $XX. Provide a copy of the replacement cost estimator or update the policy to cover the loan amount.

07/XX/2026 Resolved - Resolved as per the fnma guidelines.
    PUD 06/XX/2026 80.000% 80.000% Primary Cash Out 794 21.83     $42,265.48 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$228,191.88 14.408%   Alternative QC Complete 06/17/2026
471 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Primary Cash Out 769 1 xx 13.58 $42,399.57 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$196,556.01 16.624%   Alternative QC Complete 07/08/2026
472 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Missing Final 1003_Application - EV R
COMMENT:   Please provide a corrected and fully executed Final Form 1003 reflecting all sources of qualifying income. Section 1e should accurately disclose the borrower's Other Income, including the monthly income amounts attributed to Asset Depletion and Retirement Income, consistent with the income used in the underwriting analysis and loan approval.
07/XX/2026:  Resolved.  Received updated 1003

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   The REO property address is reflected as XX on the Form 1003 and the lease agreement provided in the file. However, Schedule E reflects the address as XX Please provide an updated Schedule E reflecting the correct property address of XX to ensure consistency with the loan file documentation.
07/XX/2026:  Received LOE stating the correct property address per hazard insurance and county records is xx.  The discrepancy on tax returns is a typo and we (client) have confirmed online that property XX does not exist
    Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 703   xx 1.17 $14,209.40 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.122% Yes Alternative QC Complete 06/22/2026
474 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) 06/XX/2026 80.000% 80.000% Investor Purchase 744   xx 10.42 $11,812.75 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.444% No Full Documentation QC Complete 07/21/2026
476 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of title insurance $XX does not cover the loan amount $XX. Provide a copy of the title supplement report to cover the loan amount.
07/XX/2026:  Resolved.  Received updated title
    Single Family 07/XX/2026 54.507% 54.507% Primary Cash Out 745 10.08 xx 8.42 $8,335.42 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$34,208.29 37.385%   Alternative QC Complete 07/14/2026
477 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Primary Cash Out 734 0.91 xx 2.75 $8,273.28 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$11,418.27 44.328%   Alternative QC Complete 06/18/2026
479 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 07/XX/2026 80.000% 80.000% Investor Purchase 720         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/16/2026
480 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Purchase Contract is missing - EV R
COMMENT:   Provide a complete copy of the Purchase Agreement. Pages 1 of 12, 3 of 12, 10 of 12, and 11 of 12 are missing from the current file.
07/XX/2026:  Resolved.  Received all pages of contract

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the lease agreement for the subject property located at XX as it is currently missing from the file.
07/XX/2026:  Countered.  per the guidelines:  Purchase and Delayed Financing
Subject property is tenant occupied at the time of first payment due:
The lesser of the market rent from the Single-Family Comparable Rent Schedule (Form 1007/1000) / Small Residential Income Property Appraisal Report (1025/72) or the current (active) lease agreement will be used to determine the monthly rent.  A copy of the current lease is required.
07/XX/2026:  Resolved.  The lessor of the actual rents from the rent schedule was used to calculate the DSCR calculations.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide an updated copy of the hazard insurance document that includes the premium amount, as it is missing.
07/XX/2026:  Resolved.  Received updated HOI.
    2 Family 06/XX/2026 85.000% 85.000% Investor Purchase 729         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/01/2026
483 XX XX   XX XX Not Covered/Exempt 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provided appraisal report reflects the occupancy as owner-occupied and the loan purpose as an investment cash-out refinance transaction. Provide a copy of updated appraisal to reflecting the correct occupancy status as vacant/tenant.
06/XX/2026:  Resolved.  Received updated appraisal
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Borrower is only a 50% owner of the LLC the property is currently vested in vs the requirement of being a majority owner/shareholder

A copy of an exception approval letter is available in the loan file.
FICO: 791 FICO exceeds the guideline requirement of 680.

Reserves: The 130 months of available reserves are more than the guideline requirement of 3 months.

LTV: 55.25% LTV is less than the guideline requirement of 60.00%.



Single Family 06/XX/2026 55.249% 55.249% Investor Cash Out 791         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$109,422.36     Alternative QC Complete 06/16/2026
484 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 85.000% 85.000% Investor Purchase 745         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/07/2026
488 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Primary Purchase 784   xx 3 $60,619.50 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  14.691% No Alternative QC Complete 06/23/2026
490 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 05/XX/2026 80.000% 80.000% Primary Purchase 731   xx 0.5 $17,500.68 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.469% No Full Documentation QC Complete 06/08/2026
494 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Missing credit report - EV R
COMMENT:   Provide a copy of Credit Report.
07/XX/2026:  Resolved.  Received copy of credit report

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated final 1003 that includes the other income. The SSA income was not listed on the final 1003 for either borrowers.
07/XX/2026:  Resolved.  Received updated 1003
    PUD 06/XX/2026 68.750% 68.750% Primary Purchase 760       $61,585.80 Mos Reviewed:
Times 1X30:
Times 1X60:
Times 1X90:
Currently Delinquent? :
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:
Max Days Dlq Last 12 Mos:
Verification Type:
  19.932% No Alternative QC Complete 07/01/2026
496 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Missing credit report - EV R
COMMENT:   Provide a copy of Credit report as it is missing
07/XX/2026:  Resolved.  Received credit report
    Low Rise Condo  (1-4 Stories) 06/XX/2026 80.000% 80.000% Investor Purchase 758         Mos Reviewed:
Times 1X30:
Times 1X60:
Times 1X90:
Currently Delinquent? :
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:
Max Days Dlq Last 12 Mos:
Verification Type:
  28.984% No Full Documentation QC Complete 07/01/2026
497 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 69.745% 69.745% Primary Cash Out 698 20.08 xx 12 $15,253.26 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$338,488.27 22.551%   Alternative QC Complete 07/15/2026
498 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           4 Family 05/XX/2026 80.000% 80.000% Investor Purchase 752         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/04/2026
500 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 05/XX/2026 75.000% 75.000% Investor Purchase 787         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/08/2026
503 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 75.000% 75.000% Primary Purchase 722   xx 27.5 $26,396.14 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.282% No Alternative QC Complete 07/21/2026
508 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 05/XX/2026 80.000% 80.000% Secondary Purchase 803   xx 3.66 $20,734.78 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.962% No Full Documentation QC Complete 06/09/2026
510 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Allowing to permit assignment of contract. (Original buyer was XX - it was assigned to XX, who is the husband.)


A copy of an exception approval letter is available in the loan file.
DTI: 31.56% DTI is less than the maximum guideline requirement of 50.00%.

FICO: 756 FICO exceeds the guideline requirement of 700.

Reserves: The 13 months of available reserves are more than the guideline requirement of 6 months.
PUD 06/XX/2026 80.000% 80.000% Primary Purchase 756   xx 6 $47,931.01 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  31.564% No Alternative QC Complete 07/07/2026
512 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) 05/XX/2026 80.000% 80.000% Investor Purchase 731   xx 13.92 $14,050.08 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  46.626% No Alternative QC Complete 06/04/2026
513 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 05/XX/2026 75.000% 75.000% Primary Cash Out 694 12 xx 21.33 $8,927.13 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$114,740.86 26.123%   Alternative QC Complete 06/17/2026
514 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Automated Appraisal Review Missing - EV R
COMMENT:   Provide a copy of the secondary valuation CDA for subject property as it missing.
07/XX/2026:  Resolved.  Received CDA
    Single Family 06/XX/2026 75.000% 75.000% Investor Purchase 664         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/02/2026
516 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 05/XX/2026 80.000% 80.000% Primary Purchase 720   xx 22.33 $18,022.73 Mos Reviewed:12
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Rent
  46.274% Yes Alternative QC Complete 06/04/2026
518 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 07/XX/2026 79.828% 79.828% Investor Purchase 746         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/16/2026
520 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 772   xx 11.66 $111,114.14 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  12.991% No Alternative QC Complete 06/22/2026
521 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 07/XX/2026 51.133% 51.133% Primary Cash Out 697 3 xx 20.5 $20,610.03 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$78,159.16 33.891%   Alternative QC Complete 07/15/2026
523 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 739         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/23/2026
524 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           2 Family 05/XX/2026 41.841% 41.841% Primary Cash Out 751 19.17 xx 14.25 $14,572.08 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$381,180.57 32.867%   Alternative QC Complete 06/08/2026
526 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 06/XX/2026 70.000% 70.000% Primary Purchase 747   xx 15.25 $8,267.31 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  40.583% No Alternative QC Complete 06/22/2026
528 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy updated Driver License. Document in file is illegible.
06/XX/2026:  Resolved.  Received ID
    Single Family 05/XX/2026 75.000% 75.000% Investor Refinance 701         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 06/03/2026
529 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 04/XX/2026 49.302% 49.302% Investor Cash Out 680         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$95,925.87     Alternative QC Complete 07/21/2026
530 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 06/XX/2026 62.882% 62.882% Investor Purchase 768         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/02/2026
532 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of updated final 1003 document with rent as "$1,100"

07/XX/2026 Resolved: The copy of updated 1003 resolves the condition.
    Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 791   xx 2.41 $33,607.73 Mos Reviewed:12
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Rent
  7.597% Yes Alternative QC Complete 07/02/2026
533 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 758         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Mortgage
    No Alternative QC Complete 07/09/2026
535 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 60.261% 60.261% Primary Cash Out 658 22 xx 5.08 $3,978.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$114,635.50 35.701%   Alternative QC Complete 07/14/2026
536 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Coverage amount $XX on the title report is less than the mortgage loan amount of $XX. Provide a copy of Title supplement to cover the loan amount.
06/XX/2026:  Resolved.  Received updated title

*** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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.

Higher-Priced Mortgage Loan Test: Charged 8.291% Allowed 8.100% Overby +0.191%

This loan is compliant with regulation 1026.35.
    Single Family 06/XX/2026 70.000% 70.000% Primary Cash Out 651 2.08 xx 10.42 $37,536.58 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$207,385.06 25.230%   Alternative QC Complete 06/18/2026
539 XX XX   XX XX Non-QM/Compliant 2 2 1 2 1 No No       *** (WAIVED) Property zoned rural and contains more than 10 acres - EV W
COMMENT:   Exception is for subject property having XX Acres , when Max allowed is 20 Acres

A copy of an exception approval letter is available in the loan file.
LTV: 73.659% LTV is less than the guideline requirement of 85.00%.

Residual Income : $28,874.47 monthly.

DTI: 27.87% DTI is less than the maximum guideline requirement of 50.00%.
Single Family 06/XX/2026 73.659% 73.659% Primary Purchase 679   xx 2.58 $20,017.38 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  27.876% No Alternative QC Complete 06/23/2026
541 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide an updated title report with the property address reflecting the unit no "#XX ".
06/XX/2026:  Resolved.  Received updated title.
    Low Rise Condo  (1-4 Stories) 05/XX/2026 72.289% 72.289% Investor Cash Out 727   xx 0.16 $1,918.11 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$289,513.77 46.517%   Full Documentation QC Complete 06/04/2026
543 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Requesting exception for DTI over 50%. DTI is 52.628%.


A copy of an exception approval letter is available in the loan file.
FICO: 747 exceeds the minimum FICO requirement of 720.

Reserves: 94 months of available reserves are more than the guideline requirement of 10 months.

B1 has a 3rd income source started September 2025, most recent start date February 2026 and year-to-date income average is $3356 not using due to less than 12-month history.
Single Family 07/XX/2026 80.000% 80.000% Secondary Purchase 747   xx 2.83 $12,070.95 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  52.631% No Full Documentation QC Complete 08/12/2026
544 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 71.429% 71.429% Primary Purchase 704   xx 3.5 $29,352.97 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.115% No Alternative QC Complete 07/16/2026
546 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of the title supplement report reflecting coverage for the full loan amount. The current title insurance amount of $XX does not cover the loan amount of $XX.
06/XX/2026:  Resolved.  Received updated title
    PUD 06/XX/2026 80.000% 80.000% Investor Purchase 770         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/22/2026
547 XX XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the updated final 1003. The Income from other Source section does not reflect the Asset Depletion income for Co-Borrower ( XX) , in the amount of $2,120.50  as it is missing
07/XX/2026:  Resolved.  Received updated 1003
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   FTHBs living rent free

A copy of an exception approval letter is available in the loan file.
FICO: 784 FICO exceeds the guideline requirement of 700.

Reserves: The 72 months of available reserves are more than the guideline requirement of 6 months.

LTV: 70.00% LTV is less than the guideline requirement of 85.00%.

Single Family 06/XX/2026 70.000% 70.000% Primary Purchase 784       $2,120.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.917% No Alternative QC Complete 07/01/2026
549 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 75.000% 75.000% Primary Purchase 759   xx 5.75 $11,799.44 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.940% No Alternative QC Complete 07/08/2026
550 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 05/XX/2026 80.000% 80.000% Investor Purchase 734         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/08/2026
552 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 07/XX/2026 80.000% 80.000% Investor Purchase 738         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/14/2026
553 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 07/XX/2026 85.000% 85.000% Primary Refinance 732 2.75 xx 7.25 $59,846.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  24.265%   Alternative QC Complete 07/15/2026
555 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 74.973% 74.973% Primary Purchase 771   xx 8.42 $94,576.84 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  7.226% Yes Alternative QC Complete 07/08/2026
556 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provided hazard insurance document reflect the subject mortgagee name as 'XX', which is not the subject lender. Provided a copy of updated hazard insurance document to reflect the correct subject mortgagee name as XX.
07/XX/2026:  Resolved.  Received updated HOI

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of Business Purpose Affidavit as it is missing.
07/XX/2026:  Resolved.  Received copy of Business Purpose
    Single Family 06/XX/2026 68.841% 68.841% Investor Refinance 778         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 07/01/2026
558 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 07/XX/2026 75.000% 75.000% Secondary Purchase 790         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/14/2026
559 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 63.884% 63.884% Primary Purchase 809   xx 4.25 $12,503.69 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.096% No Alternative QC Complete 07/01/2026
562 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Preliminary title does not reflect the amount of $XX title insured coverage amount. provide a copy of supplemental report.

06/XX/2026 Resolved : The copy of final title policy resolves the condition.

*** (CURED) Intent to Proceed Missing  - EV R
COMMENT:   Missing Intent to Proceed Document.

Resolved 06/XX/2026: Received Intent to proceed document dated 04/XX/2026 and exception is cleared.
    Low Rise Condo  (1-4 Stories) 05/XX/2026 50.000% 50.000% Primary Purchase 776   xx 9.5 $16,208.71 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  26.599% No Full Documentation QC Complete 06/18/2026
566 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 90.000% 90.000% Primary Purchase 783         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.396% No Full Documentation QC Complete 06/19/2026
567 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 07/XX/2026 68.984% 68.984% Investor Cash Out 736         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$119,693.54     Alternative QC Complete 07/16/2026
568 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 07/XX/2026 80.000% 80.000% Investor Purchase 740         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/21/2026
569 XX XX   XX XX Not Covered/Exempt 3 2 2 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The amount of proposed Lender's coverage on the Title Commitment is less than the loan amount. Provide an updated title report to cover the loan amount of $XX.
07/XX/2026:  Resolved.  Received updated title
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Requesting exception to not payoff/remove a disputed collection account within 24 mos. and >$2000.

A copy of an exception approval letter is available in the loan file.
FICO: 752 exceeds the minimum FICO requirement of 720.

DSCR: 1.02 exceeds the minimum DSCR requirement of 1.00.

Reserves: 30 months of available reserves are more than the guideline requirement of 6 months.
Low Rise Condo  (1-4 Stories) 06/XX/2026 85.000% 85.000% Investor Purchase 752         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 08/12/2026
570 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 05/XX/2026 80.000% 80.000% Primary Purchase 775   xx 2.16 $70,484.25 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  22.575% No Alternative QC Complete 06/04/2026
571 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 85.000% 85.000% Investor Purchase 800         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/16/2026
574 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of Condo Rider as the appraisal report indicated the subject property ad Condo property.
07/XX/2026:  Resolved.  Received corrected appraisal correcting property to a PUD
    PUD 07/XX/2026 80.000% 80.000% Primary Purchase 815         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/16/2026
575 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 05/XX/2026 80.000% 80.000% Primary Purchase 793         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    Yes Alternative QC Complete 06/04/2026
576 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of the title supplement report to cover the loan amount, The amount of title insurance $XX does not cover the loan amount $XX
06/XX/2026:  Resolved.  Received updated title.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   As per note loan amount is $XX, loan score card reflecting loan amount of $XX. Required correction of loan amount in loan scorecard as per note loan amount.
06/XX/2026:  Resolved.  Received updated LoanScore Card.
    Single Family 06/XX/2026 71.957% 71.957% Investor Refinance 762         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 06/18/2026
578 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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.


Higher-Priced Mortgage Loan Test: Charged 8.481% Allowed 8.100%  Overby +0.381%

This loan is compliant with regulation 1026.35.
    Low Rise Condo  (1-4 Stories) 06/XX/2026 90.000% 90.000% Primary Purchase 795   xx 5.42 $115,631.17 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  6.636% Yes Alternative QC Complete 06/22/2026
579 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 60.000% 60.000% Primary Cash Out 681 48 xx 14.33 $143,150.59 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$38,988.95 18.976%   Alternative QC Complete 07/16/2026
580 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 07/XX/2026 85.000% 85.000% Investor Purchase 794   xx 6.41 $50,377.31 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.327% Yes Alternative QC Complete 07/16/2026
581 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   As per the government ID, the borrower "XX" is male; however, the final 1003 reflects the sex as "female." A correction is required for final 1003 to change the sex from female to male.
07/XX/2026:  Resolved.  Received updated 1003

*** (CURED) Required Documentation Missing - EV R
COMMENT:   1. The XX bank statement reflects the business name as "DXX" The income is $13,936.63 for B1 and $13,390.09 for B2. However, in the final 1003, the income is matched with "XX." A correction is required to update the final 1003 for B1 and B2 to reflect the correct business names.

2. The XX bank statement reflects the business name as "XX." The income is $12,898.52 for B1 and $12,392.69 for B2. However, in the final 1003, the income is matched with "XX." A correction is required to update the final 1003 for B1 and B2 to reflect the correct business names.
07/XX/2026:  Resolved.  Received updated 1003

*** (CURED) Missing Final Title Policy with applicable Alta endorsements. (i.e., Alta 8.1, 9) - EV R
COMMENT:   The mortgage clause is missing from the title report. provide an updated copy of the title report that includes the mortgage clause
07/XX/2026:  Resolved.  Received updated title.
    Single Family 06/XX/2026 80.000% 80.000% Primary Cash Out 728 10 xx 7.16 $26,835.15 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$82,289.01 28.640%   Alternative QC Complete 08/14/2026
582 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 06/XX/2026 85.000% 85.000% Investor Purchase 752         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/08/2026
583 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 05/XX/2026 80.000% 80.000% Primary Purchase 768         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/05/2026
584 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family 07/XX/2026 85.000% 85.000% Investor Purchase 770         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/20/2026
585 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 776         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/22/2026
589 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 61.698% 61.698% Primary Cash Out 743 9 xx 4.25 $10,415.78 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$2,023.55 43.961%   Alternative QC Complete 07/14/2026
590 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 68.067% 68.067% Primary Refinance 800 2.16 xx 8.16 $38,928.62 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.044%   Alternative QC Complete 07/16/2026
591 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 05/XX/2026 65.934% 65.934% Primary Refinance 743 1 xx 2.25 $51,997.94 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  47.036%   Alternative QC Complete 06/19/2026
593 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 741         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/08/2026
594 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 805         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/01/2026
596 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 51.172% 51.172% Primary Purchase 719         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/08/2026
599 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 05/XX/2026 77.363% 77.363% Primary Cash Out 731 1.5 xx 6.33 $18,333.60 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$42,986.74 38.183%   Alternative QC Complete 06/08/2026
601 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 06/XX/2026 80.000% 80.000% Investor Purchase 730   xx 17.33 $27,870.74 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  39.444% No Full Documentation QC Complete 07/07/2026
602 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 750   xx 3.33 $29,197.48 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  13.000% No Alternative QC Complete 07/02/2026
603 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family 06/XX/2026 75.000% 75.000% Investor Purchase 748   xx 10.66 $1,951,307.65 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  1.775% No Alternative QC Complete 07/02/2026
604 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 39.593% 39.593% Investor Purchase 780         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/02/2026
605 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 76.502% 76.502% Primary Cash Out 734 16.58 xx 22.16 $7,852.16 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$499,605.41 39.972%   Alternative QC Complete 06/18/2026
606 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 07/XX/2026 73.913% 73.913% Primary Cash Out 702 21.5 xx 4.5 $8,558.36 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$187,850.93 38.553%   Alternative QC Complete 07/21/2026
607 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Mid Rise Condo  (5-8 Stories) 05/XX/2026 51.861% 51.861% Primary Purchase 795       $4,609.16 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.522% No Alternative QC Complete 06/05/2026
610 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 61.538% 61.538% Primary Cash Out 800 21.58 xx 14.42 $5,943.79 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$11,336.55 27.948%   Alternative QC Complete 06/19/2026
611 XX XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of updated final 1003 document with other income asset depletion $12,000.00 reflecting on it.
07/XX/2026:  Resolved.  Received updated 1003
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Cash back of 600K exceeds guideline maximum cash out 500K at 66% LTV

A copy of an exception approval letter is available in the loan file.
FICO: 782 FICO exceeds the guideline requirement of 640.

DTI: 30.62% DTI is less than the maximum guideline requirement of 50.00%.

Residual Income : $11,834.25 monthly.
PUD 06/XX/2026 65.574% 65.574% Primary Cash Out 782 23     $5,058.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$596,786.15 30.623%   Alternative QC Complete 07/02/2026
613 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Borrower Identity Missing - EV R
COMMENT:   Provide a copy of updated borrower government ID as it is expired.
07/XX/2026:  Resolved.  At the time of closing ID had not expired.
    Single Family 07/XX/2026 66.667% 66.667% Primary Purchase 771   xx 9.16 $2,473,531.80 Mos Reviewed:12
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Rent
  1.346% No Alternative QC Complete 07/16/2026
615 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Unable to determine Lender's name on title, provide a copy of updated title report.
06/XX/2026:  Resolved.  Received updated title.

*** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   Hazard insurance dwelling amount $XX is not sufficient to cover the loan amount $XX. Provide RCA document.
06/XX/2026:  Resolved.  Received RCE.
    Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 796   xx 0.58 $18,333.34 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  40.409% No Full Documentation QC Complete 06/18/2026
617 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Amount of Title insurance $XX is less than the loan amount $XX Provide a copy of supplemental report.
07/XX/2026:  Resolved.  Received updated title.
    Single Family 06/XX/2026 85.000% 85.000% Investor Refinance 777   xx 18.5 $217,188.78 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  7.085%   Alternative QC Complete 07/02/2026
618 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated final 1003. The asset depletion income must be listed under Other Income on the final 1003.
07/XX/2026:  Resolved.  Received updated 1003
    Single Family 06/XX/2026 27.769% 27.769% Primary Purchase 712       $10,704.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.977% Yes Alternative QC Complete 07/08/2026
619 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 65.857% 65.857% Primary Purchase 778         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Rent
  23.196% Yes Alternative QC Complete 07/08/2026
620 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Appraiser Licence Missing - EV R
COMMENT:   Provide a copy of the appraiser license, as it is missing in the loan file.
07/XX/2026:  Resolved.  Received appraisers license.

*** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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.

Higher-Priced Mortgage Loan Test: Charged 8.326% Allowed 8.070% Overby +0.256%.

This loan is compliant with regulation 1026.35.
    Single Family 06/XX/2026 89.941% 89.941% Primary Purchase 766     8 $34,766.03 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  45.505% No Alternative QC Complete 07/09/2026
621 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   "Borrower has Social Security income, but it is not reflected on the 1003. A correction to the 1003 is required."
07/XX/2026:  Resolved.  Received updated 1003
    PUD 06/XX/2026 72.414% 72.414% Primary Refinance 777 2.08 xx 5.42 $13,327.53 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.999%   Alternative QC Complete 07/02/2026
622 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) 06/XX/2026 80.000% 80.000% Investor Purchase 761   xx 8.25 $71,459.34 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  42.235% No Full Documentation QC Complete 07/02/2026
623 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated hazard insurance with mortgage clause "ISAOA/ATIMA" for the mortgagee "XX Mortgage".
07/XX/2026:  Resolved.  Received updated HOI
    PUD 06/XX/2026 70.000% 70.000% Primary Purchase 796   xx 6.42 $30,771.44 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.098% No Alternative QC Complete 07/06/2026
624 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 05/XX/2026 80.000% 80.000% Investor Purchase 816         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/04/2026
625 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 758   xx 0.75 $37,500.00 Mos Reviewed:12
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Rent
  24.366% No Full Documentation QC Complete 07/06/2026
626 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of updated Title report or supplemental title report including Lender ISAOA/ATIMA clause, as is it missing.
06/XX/2026:  Resolved.  Received updated title.
    Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 738         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/23/2026
627 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           3 Family 06/XX/2026 65.000% 65.000% Investor Cash Out 733   xx 9.92 $25,466.24 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$141,865.98 31.309%   Alternative QC Complete 06/19/2026
628 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 07/XX/2026 75.000% 75.000% Investor Purchase 794         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/16/2026
629 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 07/XX/2026 70.000% 70.000% Investor Purchase 768         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/21/2026
632 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 80.000% 80.000% Primary Purchase 749   xx 5.08 $9,188.48 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.639% No Alternative QC Complete 07/15/2026
634 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 70.000% 70.000% Primary Purchase 739   xx 4.67 $9,480.09 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  21.373% Yes Alternative QC Complete 07/02/2026
635 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 05/XX/2026 70.000% 70.000% Primary Purchase 748       $7,157.69 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.197% Yes Alternative QC Complete 06/03/2026
636 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Subject property XX is reflecting as Primary residence in REO section. Provide a copy of corrected 1003 reflecting Investment.

06/XX/2026 Resolved : The copy of corrected final application resolves the condition.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   REO property in 1003 3b section ( XX) reflecting as primary residence, provide updated 1003 or supporting documents.

06/XX/2026 Resolved : The copy of corrected final application resolves the condition.
    2 Family 06/XX/2026 67.073% 67.073% Investor Cash Out 703   xx 6.25 $32,077.48 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$153,287.81 28.709%   Alternative QC Complete 06/19/2026
640 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 07/XX/2026 75.000% 75.000% Investor Purchase 773         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/19/2026
642 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 778         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/22/2026
643 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 62.385% 62.385% Primary Cash Out 761 14.42 xx 44.42 $85,916.61 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$319,317.33 5.677%   Alternative QC Complete 06/22/2026
645 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 65.349% 65.349% Investor Cash Out 766         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$82,060.27     Alternative QC Complete 07/08/2026
650 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Exception for FTHB with only six months rental history.

A copy of an exception approval letter is available in the loan file.
FICO: 789 FICO exceeds the guideline requirement of 700.

Residual Income : $2,042.15 monthly .

LTV: 49.98% LTV is less than the guideline requirement of 90.00%.
Single Family 07/XX/2026 49.983% 49.983% Primary Purchase 789   xx 2.75 $3,613.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  43.478% Yes Alternative QC Complete 07/20/2026
651 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide an LEO stating that the property "XX have no HOA fees.
06/XX/2026:  Countered.  The final 1003 does not indicate that the property is a SFR.  A LOE stating no HOA fees for xx.
06/XX/2026:  Countered.  Proof XX is a SFR to show proof property has no HOA fee.
07/XX/2026:  Resolved.  Received loe from client stating they do not provide proof of property type for every REO listed on the 1003.
    Low Rise Condo  (1-4 Stories) 05/XX/2026 75.000% 75.000% Investor Purchase 722   xx 12.42 $196,921.02 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  40.571% No Alternative QC Complete 06/10/2026
653 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 05/XX/2026 62.926% 62.926% Investor Refinance 746   xx 6.33 $47,705.50 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.055%   Full Documentation QC Complete 06/03/2026
656 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 85.000% 85.000% Investor Purchase 745         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/02/2026
658 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 54.299% 54.299% Primary Purchase 798   xx 22.75 $122,368.18 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  22.340% No Alternative QC Complete 07/09/2026
660 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 80.000% 80.000% Primary Purchase 700   xx 18.42 $31,897.97 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  45.165% No Alternative QC Complete 07/06/2026
661 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 80.000% 80.000% Primary Cash Out 743 1.66 xx 8.42 $18,070.36 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$318,604.72 48.759%   Alternative QC Complete 07/08/2026
662 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 05/XX/2026 80.000% 80.000% Investor Purchase 782         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/05/2026
663 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   The DOT shows both PUD and condominium riders checked. Provide an updated DOT with only condominium rider checked.
07/XX/2026:  Resolved.  Received updated DOT

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide proof of HOA fee for the property "XX" as it is missing.
07/XX/2026:  Resolved.  Received proof of HOA
    Low Rise Condo  (1-4 Stories) 06/XX/2026 80.000% 80.000% Investor Purchase 781   xx 15 $52,287.47 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  24.011% No Alternative QC Complete 07/01/2026
665 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   The title amount is not sufficient to cover the loan amount of $XX. Provide a copy of the supplemental title report.
07/XX/2026: Resolved. Received updated title

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the insurance and HOA documents for the property located at XX.”
07/XX/2026;  Resolved.  Received HOI & HOA
    Single Family 06/XX/2026 61.947% 61.947% Primary Cash Out 729 27.58 xx 19.08 $111,778.95 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$342,917.53 8.282%   Alternative QC Complete 07/02/2026
666 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 75.484% 75.484% Primary Cash Out 703 5.75 xx 11.66 $18,878.08 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$76,156.26 35.870%   Alternative QC Complete 06/16/2026
667 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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.

Higher-Priced Mortgage Loan Test: Charged 8.649% Allowed 8.100% + Overby 0.549%

This loan is compliant with regulation 1026.35.
    PUD 06/XX/2026 90.000% 90.000% Primary Purchase 745   xx 5.5 $10,481.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.512% No Alternative QC Complete 07/02/2026
669 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 50.589% 50.589% Primary Cash Out 773 0.83 xx 3.33 $4,180.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$54,449.60 49.998%   Full Documentation QC Complete 07/08/2026
671 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the Business Purpose Loan Certification, signed by the borrower, as it is missing.
07/XX/2026:  Resolved.  Received business purpose
    Single Family 07/XX/2026 80.000% 80.000% Investor Purchase 807         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/16/2026
673 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 04/XX/2026 79.405% 79.405% Primary Cash Out 706 1.58 xx 3.25 $19,728.25 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$77.52 35.224%   Alternative QC Complete 05/22/2026
674 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           3 Family 07/XX/2026 85.000% 85.000% Primary Purchase 805   xx 5.17 $35,632.56 Mos Reviewed:12
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Rent
  37.590% Yes Alternative QC Complete 07/20/2026
675 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Disclosure - Your Home Loan Toolkit is missing or unexecuted - EV R
COMMENT:   Missing Home Loan Toolkit.

06/XX/2026 Resolved : the copy of toolkit resolves the condition.
    Single Family 06/XX/2026 52.083% 52.083% Primary Purchase 795   xx 3.42 $4,303.87 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  39.281% No Alternative QC Complete 06/22/2026
677 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Secondary Purchase 742   xx 7.83 $12,519.56 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.348% No Full Documentation QC Complete 07/08/2026
680 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 05/XX/2026 80.000% 80.000% Primary Purchase 786         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/09/2026
681 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 730   xx 5.42 $40,770.26 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  22.322% Yes Alternative QC Complete 07/08/2026
682 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 85.000% 85.000% Primary Purchase 793   xx 2.25 $28,226.88 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.143% No Full Documentation QC Complete 07/10/2026
686 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 85.000% 85.000% Primary Purchase 787   xx 7.83 $29,526.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Rent
  29.575% No Alternative QC Complete 07/02/2026
687 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           High Rise Condo (>=9 Stories) 06/XX/2026 70.000% 70.000% Investor Purchase 791         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/19/2026
689 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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

Qualified Mortgage Safe Harbor Threshold: Charged  7.954% Allowed  7.920% Overby+0.034%.

This loan is compliant with regulation 1026.35.
    2 Family 05/XX/2026 90.000% 90.000% Primary Purchase 791   xx 10 $17,434.77 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  40.319% Yes Alternative QC Complete 06/03/2026
691 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 779   xx 5.08 $35,549.22 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.047% Yes Alternative QC Complete 07/10/2026
692 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 05/XX/2026 49.367% 49.367% Primary Purchase 767   xx 24 $8,927.23 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.587% No Full Documentation QC Complete 06/09/2026
693 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   Hazard insurance dwelling coverage of $XX is does not cover the loan amount $XX. Provide a copy of the replacement cost estimator or update the policy to cover the loan amount.
7/XX/2026:  Resolved.  Received RCE

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Assets are insufficient to cover the required reserves of $28,718.60. Provide a copies of most recent additional two months of bank statements to meet the reserve requirements.
07/XX/2026:  Resolved.  Received additional bank statements.
    Single Family 07/XX/2026 75.000% 75.000% Investor Refinance 767   xx 6.75 $113,275.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.611%   Alternative QC Complete 07/14/2026
695 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   Dwelling amount is not sufficient to cover loan amount. Provide an updated hazard insurance with sufficient dwelling or Replacement cost estimator (RCE).
6/XX/2026:  Resolved.  Received RCE

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Correction required on final 1003, subject property occupancy from "Primary residence" to "Investment" on REO section.
06/XX/2026:  Countered.  The 1003 still shows XX as the primary residence.  This address needs to be shown as investment in the REO section of the 1003.
07/XX/2026:  Resolved.  Received updated 1003
    Single Family 05/XX/2026 70.000% 70.000% Investor Cash Out 717         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$115,631.13     Alternative QC Complete 06/10/2026
699 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of corrected final 1003 to resolve the final 1003 REO property occupancy discrepancy for property XX, occupancy reflecting as Investment rather then  Primary residence.

07/XX/2026 Resolved : The copy of updated 1003 resolves the condition.
    Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 769         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/02/2026
702 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Permit one full appraisal with CDA to support for cash out refinance with appreciation greater than 20% in the past 12 months

A copy of an exception approval letter is available in the loan file.
FICO: 714 FICO exceeds the guideline requirement of 700.

LTV: 69.61% LTV is less than the guideline requirement of 70.00%.

DTI: 22.30% DTI is less than the maximum guideline requirement of 50.00%.
Single Family 06/XX/2026 69.611% 69.611% Investor Cash Out 714   xx 3.75 $17,406.91 Mos Reviewed:12
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Mortgage
$11,074.87 22.301%   Alternative QC Complete 07/02/2026
704 XX XX   XX XX Not Covered/Exempt 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   Hazard insurance dwelling coverage of $XX is does not cover the loan amount $XX. Provide a copy of the master policy to cover the loan amount.
06/XX/2026:  Resolved.  Received master policy

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of Condo Questionnaire as it is missing.
06/XX/2026:  Resolved.  1008 indicates Exempt from review, Condo project review waived.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a copy of corrected final 1003 to resolve the final 1003 REO property discrepancy for XX. as the final 1003 reflects only 'XX' with a payment of $3,469, and the initial 1003 included both XX and 'XX' with a total payment of $10,128.00, which has been verified and used in DTI calculations.

06/XX/2026:  Resolved.  XX is listed on XX is listed on XX
    Low Rise Condo  (1-4 Stories) 06/XX/2026 80.000% 80.000% Investor Purchase 722   xx 12.5 $196,911.56 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.911% No Alternative QC Complete 06/16/2026
708 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 07/XX/2026 70.000% 70.000% Investor Purchase 716         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/14/2026
709 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 05/XX/2026 85.000% 85.000% Primary Purchase 757   xx 16.33 $48,623.93 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  45.737% No Alternative QC Complete 06/19/2026
714 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 07/XX/2026 80.000% 80.000% Investor Purchase 789         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/21/2026
715 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 06/XX/2026 75.000% 75.000% Primary Purchase 761   xx 2.75 $16,819.86 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  39.262% Yes Alternative QC Complete 06/19/2026
719 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Loan Amount exception for $XX vs $1,500,000 max for FTHB

A copy of an exception approval letter is available in the loan file.
FICO: 791 FICO exceeds the guideline requirement of 700.

Residual Income : $8208.903 monthly.

Single Family 05/XX/2026 80.000% 80.000% Primary Purchase 791   xx     Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    Yes Alternative QC Complete 06/03/2026
724 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 812   xx 16.42 $8,809.39 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  48.363% No Alternative QC Complete 06/23/2026
725 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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.

Higher-Priced Mortgage Loan Test: Charged 9.318% Allowed 8.020%  Overby +1.298%

This loan is compliant with regulation 1026.35.

*** (CURED) The Appraisal License is Missing - EV R
COMMENT:   Provide a copy of appraisal license.

06/XX/2026 Resolved : The copy of appraisal license resolves the condition.
    Single Family 06/XX/2026 90.000% 90.000% Primary Purchase 809   xx 4 $4,252.10 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.408% No Alternative QC Complete 06/18/2026
726 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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.

Higher-Priced Mortgage Loan Test: Charged 8.355% Allowed 7.990% Overby +0.365%

This loan is compliant with regulation 1026.35.
    Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 686   xx 2.08 $83,818.33 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  20.797% No Alternative QC Complete 07/09/2026
727 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 06/XX/2026 75.000% 75.000% Investor Cash Out 763         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$131,761.10     Alternative QC Complete 07/08/2026
728 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of Title supplement which is missing in the loan file
07/XX/2026:  Resolved.  Received updated title.
    Low Rise Condo  (1-4 Stories) 06/XX/2026 70.000% 70.000% Primary Purchase 735   xx 7.08 $299,717.16 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  2.364% No Alternative QC Complete 07/08/2026
730 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           3 Family 07/XX/2026 85.000% 85.000% Primary Purchase 811   xx 7.08 $27,372.16 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.952% No Alternative QC Complete 07/16/2026
732 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 06/XX/2026 75.000% 75.000% Investor Refinance 778         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 07/08/2026
734 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 62.963% 62.963% Primary Cash Out 792 16 xx 18.75 $69,424.34 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$386,024.73 36.074%   Alternative QC Complete 07/14/2026
735 XX XX   XX XX Not Covered/Exempt 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Non-permanent residents are not acceptable as per the guideline. However, an approved exception letter is present in the loan file, allowing the non-permanent resident borrower to qualify under the DSCR program.
DSCR: 1.09 DSCR exceeds the guideline requirement of 1.00.

FICO: 728 FICO exceeds the guideline requirement of 720.

Reserves: The 29 months of available reserves are more than the guideline requirement of 6 months.
Single Family 06/XX/2026 85.000% 85.000% Investor Purchase 728         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 08/12/2026
736 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Automated Appraisal Review Missing - EV R
COMMENT:   Provide an updated CDA with borrower name "XX".
06/XX/2026:  Resolved.  Received updated CDA

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide an updated 1003 with other income Pension $4,844.10 per month.As the loan is qualified using the borrower's pension income also.
06/XX/2026:  Resolved.  Received updated 1003.

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Borrower bank statement XX***XX and the CPA letter are reflecting name as "XX". Provide an updated name affidavit with the name "XX" or an LOE required for name discrepancy.
06/XX/3026:  Resolved.  XX is a shortened name of XX.  Credit report includes the name XX as an additional name.

*** (CURED) Title issue - EV R
COMMENT:   Provide an updated title report with mortgage clause "ISAOA/ITMA" for lender "XX".
06/XX/2026:  Resolved.  Received updated title.
    Single Family 06/XX/2026 80.000% 80.000% Primary Purchase 789   xx 38.08 $15,858.56 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.221% No Alternative QC Complete 06/22/2026
737 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a supporting document for $274 for the property XX
7/XX/2026:  Countered.  document provided does not show an amount.

07/XX/2026 Resolved - The copy of property details resolves the condition.
    PUD 06/XX/2026 80.000% 80.000% Primary Purchase 777   xx 0.58 $20,833.34 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  39.659% No Full Documentation QC Complete 07/02/2026
738 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 49.749% 49.749% Secondary Cash Out 725   xx 48.42 $46,270.99 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$14,497.25 39.931%   Alternative QC Complete 07/20/2026
740 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 75.000% 75.000% Primary Purchase 802   xx 2.08 $15,272.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  41.547% No Alternative QC Complete 07/02/2026
742 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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.

Higher-Priced Mortgage Loan Test: Charged 7.930% Allowed 7.920% Overby +0.010%

This loan is compliant with regulation 1026.35.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the updated final 1003. The Income from other Source section does not reflect the Asset Depletion income for Borrower 1, ( xx ), in the amount of $22,709.17
as it is missing
07/XX/2026:  Resolved.  Received updated 1003
    Single Family 06/XX/2026 85.000% 85.000% Primary Purchase 812       $22,709.17 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  40.043% No Alternative QC Complete 07/09/2026
743 XX XX   XX XX Not Covered/Exempt 4 1 1 1 1 No No     *** (CURED) Loan does not conform to program guidelines - EV R
COMMENT:   Loan files do not meet guideline requirements. The guideline restricts property eligibility and excludes first-time homebuyers.
06/XX/2026:  Countered.  The property report provided does not show XX as owner of the property.  Proof is still needed that the borrower is not a FTHB.

07/XX/2026 Resolved - the copy of property report showing borrower's ownership resolves the condition.
    Low Rise Condo  (1-4 Stories) 06/XX/2026 85.000% 85.000% Investor Purchase 807   xx 8.66 $10,600.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  30.963% Yes Full Documentation QC Complete 06/24/2026
745 XX XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of the closing protection letter (CPL), as it is missing.
06/XX/2026:  Resolved.  Received CPL
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Exception to allow maximum cash out of $750,000 for LTV over 60%, currently at 63%.


A copy of an exception approval letter is available in the loan file.
FICO: 731 FICO exceeds the guideline requirement of 640

LTV: 62.857% LTV is less than the guideline requirement of 70.00%.

DTI: 44.126% DTI is less than the maximum guideline requirement of 50.00%.

PUD 05/XX/2026 62.857% 62.857% Primary Cash Out 731 6.25 xx 17.33 $32,650.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$752,751.20 44.126%   Alternative QC Complete 08/12/2026
746 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Final Application Incomplete - EV R
COMMENT:   Provide an updated final 1003 with other income asset depletion $2,800.00 reflecting on it.
07/XX/2006:  Resolved.  Received updated 1003

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide a supporting document for considering P&I of $10,229.12 reflecting on 1008 & loan scorecard.
07/XX/2026:  Resolved.  Received LOE stating loan is an ARM and the amount qualifying  P&I is based on the qulaifiying rate of 7.59
    Single Family 06/XX/2026 74.359% 74.359% Primary Purchase 797   xx 5.91 $27,883.34 Mos Reviewed:12
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Rent
  39.567% Yes Full Documentation QC Complete 06/23/2026
747 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 85.000% 85.000% Primary Purchase 710   xx 2 $15,448.24 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  29.804% Yes Alternative QC Complete 07/02/2026
750 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 06/XX/2026 80.000% 80.000% Investor Purchase 769   xx 9.75 $29,013.87 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  19.206% No Alternative QC Complete 07/02/2026
751 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 67.397% 67.397% Primary Cash Out 704 2.41 xx 2.16 $2,946.67 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$383,329.19 43.706%   Full Documentation QC Complete 07/16/2026
753 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 07/XX/2026 47.588% 47.588% Primary Purchase 741       $14,896.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  49.794% No Alternative QC Complete 08/12/2026
754 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           2 Family 06/XX/2026 85.000% 85.000% Primary Purchase 724   xx 4.83 $45,858.43 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  16.708% Yes Alternative QC Complete 07/08/2026
755 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 07/XX/2026 78.676% 78.676% Investor Refinance 794   xx 11.08 $63,045.70 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  15.108%   Alternative QC Complete 07/21/2026
756 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 05/XX/2026 85.000% 85.000% Investor Purchase 728         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/05/2026
759 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Primary Cash Out 789 10 xx 15.42 $27,476.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$165,457.37 20.576%   Alternative QC Complete 07/16/2026
762 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Assets are not sufficient to close - EV R
COMMENT:   Assets are not sufficient to cover the required reserves and cash to close. Provide a copies of the additional most recent two months’ bank statements to verify sufficient assets to meet the reserve and cash-to-close requirement in the amount of $314,334.28, as it is missing.
06/XX/2029:  Countered.  Total amount needed for cash to close and reserves is $742,440.17.  Total verified is only $603,509.93.  An additional $138,930.24 is still needed to be verified.
07/XX/2026:  Countered.  Will need to show proof of funds.
07/XX/2026:  Resolved.  Received wire for $550,000.00

*** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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.

Higher-Priced Mortgage Loan Test: Charged 8.497% Allowed 7.760% Overby +0.737%


This loan is compliant with regulation 1026.35.
    PUD 06/XX/2026 31.047% 31.047% Primary Purchase 645   xx 14.42 $30,740.70 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  47.224% No Alternative QC Complete 06/23/2026
767 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 05/XX/2026 65.000% 65.000% Investor Refinance 727         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 07/13/2026
769 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 80.000% 80.000% Investor Purchase 739         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/18/2026
771 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 05/XX/2026 70.000% 70.000% Primary Cash Out 743 4 xx 8.25 $93,143.29 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$333,952.99 18.803%   Alternative QC Complete 06/05/2026
772 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           2 Family 06/XX/2026 74.992% 74.992% Investor Refinance 779   xx 26.33 $25,840.26 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  39.168%   Alternative QC Complete 07/08/2026
773 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 05/XX/2026 66.121% 66.121% Primary Purchase 742   xx 3.33 $15,532.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  37.143% Yes Alternative QC Complete 06/09/2026
774 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 34.125% 34.125% Primary Cash Out 690 30 xx 19.66 $7,498.33 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$73,143.47 20.386%   Alternative QC Complete 07/02/2026
776 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Amount of title insurance is less than mortgage amount - EV R
COMMENT:   Provide a copy of the title supplement report to cover the loan amount, The amount of title insurance $XX does not cover the loan amount $XX
07/XX/2026:  Resolved.  Received updated title.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of updated hazard insurance with subject lender mortgage clause.

07/XX/2026 Resolved : The copy of hazard insurance resolves the condition.
    2 Family 06/XX/2026 72.289% 72.289% Primary Cash Out 768 4.25 xx 1.08 $9,707.26 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$104,052.92 49.870%   Full Documentation QC Complete 07/08/2026
777 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 85.000% 85.000% Investor Purchase 746         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/08/2026
778 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Hazard Insurance Coverage less than Loan Amount - EV R
COMMENT:   Provide a copy of Replacement cost estimate. Amount of hazard insurance is not sufficient to cover the loan amount.
07/XX/2026:  Countered.  Documnet provided is evidence of insurance.  A replacement cost estimator is needed to calculate additional coverage needed.

07/XX/2026 Resolved : The copy of hazard insurance with replacement cost resolves the condition.

*** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of tax document for the property "XX" as it is missing.
07/XX/2026:  Resolved.  Received tax document
    Single Family 06/XX/2026 70.000% 70.000% Primary Cash Out 683 3.58 xx 7.42 $167,437.99 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$405,642.23 7.576%   Alternative QC Complete 07/02/2026
780 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 05/XX/2026 84.752% 84.752% Investor Purchase 749         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/03/2026
781 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 05/XX/2026 65.000% 65.000% Investor Cash Out 742         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$50,377.34     Alternative QC Complete 08/12/2026
782 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Missing Title evidence - EV R
COMMENT:   Provide a copy of Title Report for subject property as it is missing.
06/XX/2026:  Countered.  The document provided is only a Pre-closing status report.  The full title commitment with all schedules and coverage amount of $XX is still needed.
07/XX/2026:  Resolved.  Received updated title.
    Single Family 06/XX/2026 43.000% 43.000% Primary Cash Out 783 4 xx 0.92 $12,500.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$413,447.44 28.263%   Full Documentation QC Complete 06/22/2026
783 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 05/XX/2026 70.000% 70.000% Primary Cash Out 678 20 xx 2.33 $59,445.24 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$87,281.27 13.244%   Alternative QC Complete 06/05/2026
784 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 66.696% 66.696% Investor Refinance 778         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
      Alternative QC Complete 07/02/2026
785 XX XX   XX XX Non-QM/Compliant 3 1 1 1 1 No No     *** (CURED) Required Documentation Missing or Incomplete  - EV R
COMMENT:   Provide a copy of HOA or insurance for XX

07/XX/2026 Resolved - The copy of HOA document resolves the condition.
    Low Rise Condo  (1-4 Stories) 06/XX/2026 80.000% 80.000% Primary Purchase 798   xx 39.16 $27,769.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  24.263% No Alternative QC Complete 07/08/2026
787 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 90.000% 90.000% Primary Purchase 728     3.41 $34,542.66 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  40.218% No Alternative QC Complete 07/02/2026
788 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 90.000% 90.000% Primary Purchase 745   xx 13.58 $11,889.28 Mos Reviewed:12
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Verification of Rent
  49.703% No Alternative QC Complete 06/23/2026
790 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 75.000% 75.000% Primary Purchase 819   xx 0.08 $40,386.57 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  44.918% No Full Documentation QC Complete 07/21/2026
792 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 07/XX/2026 80.000% 80.000% Primary Purchase 780         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/16/2026
794 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 75.000% 75.000% Primary Purchase 794         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:
    No Alternative QC Complete 07/08/2026
796 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           PUD 06/XX/2026 51.724% 51.724% Primary Purchase 779   xx 30.42 $53,506.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  10.862% No Alternative QC Complete 07/08/2026
797 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 06/XX/2026 80.000% 80.000% Primary Purchase 789   xx 7.25 $24,133.00 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  33.246% Yes Alternative QC Complete 07/08/2026
799 XX XX   XX XX Non-QM/Compliant 2 2 2 1 1 No No       *** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Requesting exception for a first time homebuyer living rent free for the last 12 months in the subject.



A copy of an exception approval letter is available in the loan file.
DTI: 19.27% DTI is less than the maximum guideline requirement of 50.00%.

Reserves: The 68 months of available reserves are more than the guideline requirement of 3 months.


2 Family 07/XX/2026 80.000% 80.000% Primary Purchase 701   xx 3.5 $17,520.77 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  19.266% Yes Alternative QC Complete 07/16/2026
800 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 05/XX/2026 80.000% 80.000% Investor Purchase 766         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 06/15/2026
801 XX XX   XX XX Non-QM/Compliant 3 2 2 1 1 No No     *** (CURED) Final Application Incomplete - EV R
COMMENT:   Provide an updated final 1003 with HOA fee reflecting on the lender loan information page.
6/XX/2026:  Resolved:  Received updated 1003

*** (CURED) Required Documentation Missing - EV R
COMMENT:   Provide an updated hazard insurance with mortgage clause "ISAOA/ATIMA" for the lender "XX".
07/XX/2026:  Resolved.  Received updated HOI
*** (WAIVED) Loan does not conform to program guidelines - EV W
COMMENT:   Borrower has not owned the current business that is being used for qualifying income for the past 2 years. She has been 51% owner since 7/24.

A copy of an exception approval letter is available in the loan file.
FICO: 778 FICO exceeds the guideline requirement of 700.

DTI: 23.17% DTI is less than the maximum guideline requirement of 50.00%.

LTV: 80.00% LTV equal to the guideline requirement of  80.00%.
PUD 05/XX/2026 80.000% 80.000% Primary Cash Out 778 5.16 xx 1.83 $38,366.49 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$168,141.91 23.172%   Alternative QC Complete 06/23/2026
805 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Single Family 06/XX/2026 85.000% 85.000% Investor Purchase 776         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 08/12/2026
807 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Single Family 06/XX/2026 75.000% 75.000% Primary Cash Out 688 20 xx 7.42 $6,356.73 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
$130,055.70 48.877%   Alternative QC Complete 06/16/2026
808 XX XX   XX XX Non-QM/Compliant 1 1 1 1 1 No No           Low Rise Condo  (1-4 Stories) 06/XX/2026 64.191% 64.191% Primary Purchase 805   xx 2.58 $9,416.66 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  34.207% No Full Documentation QC Complete 07/02/2026
810 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           PUD 06/XX/2026 80.000% 80.000% Investor Purchase 798         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    Yes Alternative QC Complete 06/23/2026
812 XX XX   XX XX Non-QM/Compliant 4 1 1 1 1 No No     *** (CURED) Federal Higher Price Mortgage Loan - EV R
COMMENT:   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

Higher-Priced Mortgage Loan Test: Allowed 8.535% Charged 8.010% Overby +0.525%

This loan is compliant with regulation 1026.35.
    Single Family 06/XX/2026 90.000% 90.000% Primary Purchase 765   xx 3 $20,693.53 Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
  23.851% No Alternative QC Complete 06/23/2026
813 XX XX   XX XX Not Covered/Exempt 1 1 1 1 1 No No           Mid Rise Condo  (5-8 Stories) 06/XX/2026 70.000% 70.000% Investor Purchase 680         Mos Reviewed:24
Times 1X30:0
Times 1X60:0
Times 1X90:0
Currently Delinquent? :No
Total Delinquent:
Mortgage/Rent Dlq Last 12 Mos:0
Max Days Dlq Last 12 Mos:0
Verification Type:Credit Report
    No Alternative QC Complete 07/08/2026