Exhibit 99.1 Schedule 5

 

Marketing ID Infinity Loan ID Loan Number Loan Number 2 Borrower Last Name Property State Note Date Loan Purpose TPR QM ATR Status Initial Overall Loan Grade Final Overall Loan Grade Exception Category Exception Subcategory Exception Code Final Exception Status Initial Exception Grade Final Exception Grade Exception Exception Detail Follow-up Comments (Exception Response) Exception Conclusion Comments Compensating Factors Curable Status Loan Status Review Date Cleared Date Cured Date Exception Date
8 XX XX   XX New Jersey 06/XX/2026 Cash Out Not Covered/Exempt 3 1 Credit Credit QQBMZIHHKVF-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) 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.

07/06/2026 Resolved: The copy of hazard insurance in the files does include mortgagee clause.
07/06/2026 Resolved: The copy of hazard insurance in the files does include mortgagee clause. 07/06/2026 Resolved: The copy of hazard insurance in the files does include mortgagee clause.     QC Complete 07/02/2026 07/06/2026 07/06/2026 07/02/2026
18 XX XX   XX Texas 06/XX/2026 Purchase Non-QM/Compliant 2 2 Credit Guidelines H0YAAJYSIUE-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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.
  QC Complete 07/02/2026     07/02/2026
19 XX XX   XX Wisconsin 05/XX/2026 Cash Out Not Covered/Exempt 3 1 Credit Credit QITK4RSCNPS-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) 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.
07/09/2026:  the Note, Mortgage and 1/4 rider need to be in the name of XX, signed by memberXX.
07/09/2026:  the Note, Mortgage and 1/4 rider need to be in the name of XX, signed by member XX.   07/09/2026:  the Note, Mortgage and 1/4 rider need to be in the name of XX signed by member XX      QC Complete 06/22/2026 07/09/2026 07/09/2026 06/22/2026
32 XX XX   XX California 05/XX/2026 Purchase Non-QM/Compliant 3 1 Credit   MZAKAOELW0J-QSFFZZOT Resolved 3 R * Hazard Insurance Coverage less than Loan Amount (Lvl R) Extended dwelling also is not sufficient to cover loan amount. Provide a RCE or an updated insurance with sufficient coverage.
07/09/2026:  Received RCE with enough coverage
07/09/2026:  Received RCE with enough coverage 07/09/2026:  Received RCE with enough coverage     QC Complete 06/22/2026 07/09/2026 07/09/2026 06/17/2026
32 XX XX   XX California 05/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit MZAKAOELW0J-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Note is reflecting rate of interest as fixed, amortization schedule and other documents reflecting interest only. Required correction of Note for interest only.
07/14/2026:  Resolved.  Received interest only note
07/14/2026:  Resolved.  Received interest only note 07/14/2026:  Resolved.  Received interest only note     QC Complete 06/22/2026 07/14/2026 07/14/2026 06/18/2026
37 XX XX   XX Florida 05/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit   3MNV534QMPW-G0TZ53U4 Resolved 3 R * Hazard Insurance (Lvl R) Provide hazard Insurance for subject property with Correct Mortgagee Clause.
06/26/2026:  Countered.  No mortgagee information on HOI policy.
07/20/2026:  Resolved.  Received updated HOI
07/20/2026:  Resolved.  Received updated HOI 07/20/2026:  Resolved.  Received updated HOI     QC Complete 06/23/2026 07/20/2026 07/20/2026 06/22/2026
38 XX XX   XX Georgia 05/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit NO34L5NWCNP-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of updated Hazard insurance including Lender ISAOA/ATIMA clause, as is it missing.
06/30/2026:  Resolved.  Received updated HOI
06/30/2026:  Resolved.  Received updated HOI 06/30/2026:  Resolved.  Received updated HOI     QC Complete 06/23/2026 06/30/2026 06/30/2026 06/22/2026
39 XX XX   XX Iowa 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit MSBRFZZ1E30-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of borrower settlement statement / Seller settlement statement. Property (XX is currently reflected as Pending Sale."
07/08/2026:  Countered.  The xx settlement statement provided is for property XX  The one needed is for XX.
07/08/2026:  Resolved.  The property is pending sale and has been included in calculations.
07/08/2026:  Resolved.  The property is pending sale and has been included in calculations. 07/08/2026:  Resolved.  The property is pending sale and has been included in calculations.     QC Complete 07/06/2026 07/08/2026 07/08/2026 07/02/2026
39 XX XX   XX Iowa 06/XX/2026 Purchase Non-QM/Compliant 3 1 Compliance Compliance MSBRFZZ1E30-RO3KRP0K Resolved 3 R * TRID Violations (Lvl R) Demand Feature check box is not updated on Page 4 of the Final CD and PCCD.
07/08/2026:  Countered.  Please provide the CD dated 05/XX/2026 with closing date of 06/XX/2023 with the demand feature checked.
07/09/2026:  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.)

07/14/2026: Countered. Received Initial CD instead of Final CD/PCCD for demand feature check box update.

Resolved 07/24/2026: Received updated Demand Feature check box Final CD and exception is cleared.
Resolved 07/24/2026: Received updated Demand Feature check box Final CD and exception is cleared.
Resolved 07/24/2026: Received updated Demand Feature check box Final CD and exception is cleared.
    QC Complete 07/06/2026 07/24/2026 07/24/2026 07/06/2026
116 XX XX   XX Ohio 06/XX/2026 Purchase Non-QM/Compliant 4 2 Credit Guidelines 3Y3YAPBZXK0-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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%.
  QC Complete 07/17/2026     07/16/2026
116 XX XX   XX Ohio 06/XX/2026 Purchase Non-QM/Compliant 4 2 Compliance Compliance 3Y3YAPBZXK0-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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.
This loan is compliant with regulation 1026.35.
This loan is compliant with regulation 1026.35.
    QC Complete 07/17/2026 07/17/2026 07/17/2026 07/17/2026
121 XX XX   XX Colorado 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit HT32LU0OCF3-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a supporting document for HOA showing $315.50.

07/10/2026 Resolved - Resolved as the HOA can be verified from appraisal.
07/10/2026 Resolved - Resolved as the HOA can be verified from appraisal. 07/10/2026 Resolved - Resolved as the HOA can be verified from appraisal.     QC Complete 07/07/2026 07/10/2026 07/10/2026 07/06/2026
123 XX XX   XX California 06/XX/2026 Cash Out Not Covered/Exempt 3 1 Credit Credit RF4PNSY4W0S-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of updated Title report or supplemental title report including Lender ISAOA/ATIMA clause, as is it missing.
07/21/2026;  Resolved.  Received updated title.
07/21/2026;  Resolved.  Received updated title. 07/21/2026;  Resolved.  Received updated title.     QC Complete 07/17/2026 07/21/2026 07/21/2026 07/16/2026
123 XX XX   XX California 06/XX/2026 Cash Out Not Covered/Exempt 3 1 Credit Credit RF4PNSY4W0S-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) 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'.
07/20/2026:  Resolved.  Received updated HOI
07/20/2026:  Resolved.  Received updated HOI 07/20/2026:  Resolved.  Received updated HOI     QC Complete 07/17/2026 07/20/2026 07/20/2026 07/17/2026
124 XX XX   XX Virginia 06/XX/2026 Refinance Not Covered/Exempt 2 2 Valuation Property RJNEOYFX53N-I303N0YD Waived 2 W * Property zoned rural and contains more than 10 acres (Lvl W) 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 
  QC Complete 07/07/2026     07/07/2026
254 XX XX   XX Maryland 06/XX/2026 Cash Out Not Covered/Exempt 2 2 Credit Guidelines U1BOOP0HNNC-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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%.
  QC Complete 06/30/2026     06/29/2026
258 XX XX   XX Indiana 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit ZYWFB41NZY4-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of updated Hazard insurance including Lender ISAOA/ATIMA, as is it missing
07/15/2026:  Resolved.  Received updated HOI.
07/15/2026:  Resolved.  Received updated HOI. 07/15/2026:  Resolved.  Received updated HOI.     QC Complete 06/30/2026 07/15/2026 07/15/2026 06/30/2026
259 XX XX   XX Pennsylvania 06/XX/2026 Cash Out Non-QM/Compliant 4 1 Compliance Compliance KOUM10M3UE5-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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.
This loan is compliant with regulation 1026.35.
This loan is compliant with regulation 1026.35.
    QC Complete 06/30/2026 06/30/2026 06/30/2026 06/30/2026
259 XX XX   XX Pennsylvania 06/XX/2026 Cash Out Non-QM/Compliant 4 1 Credit Doc Issue KOUM10M3UE5-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) 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.

07/06/2026 Resolved: The copy of title policy resolves the condition.
07/06/2026 Resolved: The copy of title policy resolves the condition. 07/06/2026 Resolved: The copy of title policy resolves the condition.     QC Complete 06/30/2026 07/07/2026 07/07/2026 06/29/2026
272 XX XX   XX Arizona 06/XX/2026 Refinance Not Covered/Exempt 2 2 Credit Guidelines UQBQNQ1HOYO-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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.
  QC Complete 07/15/2026     07/14/2026
274 XX XX   XX Hawaii 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit OI1Q453PD2X-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of updated title report for IOSAO clause, as it is currently missing from the file.
07/15/2026:  Resolved.  Received updated title
07/15/2026:  Resolved.  Received updated title 07/15/2026:  Resolved.  Received updated title     QC Complete 06/24/2026 07/15/2026 07/15/2026 06/24/2026
280 XX XX   XX Tennessee 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit H1KMCGJJOMC-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Driving license reflecting borrower "XX" sex as female and in final 1003 reflecting as Male, required correction of 1003 from male to female
07/09/2026:  Resolved.  Received updated 1003
07/09/2026:  Resolved.  Received updated 1003 07/09/2026:  Resolved.  Received updated 1003     QC Complete 06/30/2026 07/09/2026 07/09/2026 06/30/2026
281 XX XX   XX California 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Doc Issue YHXKQOMLWJW-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide a copy of Title supplement  which should cover the loan amount.

07/09/2026 Resolved: The copy of title policy resolves the condition.
07/09/2026 Resolved: The copy of title policy resolves the condition. 07/09/2026 Resolved: The copy of title policy resolves the condition.     QC Complete 06/18/2026 07/09/2026 07/09/2026 06/17/2026
288 XX XX   XX North Carolina 06/XX/2026 Refinance Non-QM/Compliant 3 1 Credit Doc Issue CRBSEMKENRZ-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) 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
07/07/2026:  Resolved.  Received updated title.
07/07/2026:  Resolved.  Received updated title. 07/07/2026:  Resolved.  Received updated title.     QC Complete 06/30/2026 07/07/2026 07/07/2026 06/30/2026
288 XX XX   XX North Carolina 06/XX/2026 Refinance Non-QM/Compliant 3 1 Credit Credit CRBSEMKENRZ-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of HOA document for the property address:XX as it is missing.


07/10/2026 Resolved : the copy of property detail doc resolves the condition.
07/10/2026 Resolved : the copy of property detail doc resolves the condition. 07/10/2026 Resolved : the copy of property detail doc resolves the condition.     QC Complete 06/30/2026 07/10/2026 07/10/2026 06/30/2026
292 XX XX   XX Florida 06/XX/2026 Refinance Not Covered/Exempt 3 1 Credit Credit VUCAXKAUCQ5-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) 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
07/21/2026:  Resolved.  Received updated HOI
07/21/2026:  Resolved.  Received updated HOI 07/21/2026:  Resolved.  Received updated HOI     QC Complete 07/15/2026 07/21/2026 07/21/2026 07/15/2026
293 XX XX   XX New York 06/XX/2026 Purchase Non-QM/Compliant 3 2 Credit Credit 3IVACCARNZ5-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide an LOE stating that the property "XX " has no HOA fee.

07/10/2026 Resolved : The copy of LOX with HOA explanation resolves the condition.
07/10/2026 Resolved : The copy of LOX with HOA explanation resolves the condition. 07/10/2026 Resolved : The copy of LOX with HOA explanation resolves the condition.     QC Complete 06/30/2026 07/10/2026 07/10/2026 06/30/2026
293 XX XX   XX New York 06/XX/2026 Purchase Non-QM/Compliant 3 2 Credit Guidelines 3IVACCARNZ5-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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



  QC Complete 06/30/2026     06/30/2026
295 XX XX   XX New Hampshire 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Credit E2PEETQEDXA-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide an updated CPA letter with expense factor 23% reflecting on it.
07/06/2026:  Resolved.  Received updated CPA letter
07/06/2026:  Resolved.  Received updated CPA letter 07/06/2026:  Resolved.  Received updated CPA letter     QC Complete 06/30/2026 07/06/2026 07/06/2026 06/30/2026
297 XX XX   XX California 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit PM4I1L52F01-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a copy of Business Purpose Affidavit.

07/10/2026: The copy of Business Purpose Affidavit resolves the condition.
07/10/2026: The copy of Business Purpose Affidavit resolves the condition. 07/10/2026: The copy of Business Purpose Affidavit resolves the condition.     QC Complete 07/02/2026 07/10/2026 07/10/2026 06/30/2026
298 XX XX   XX Florida 06/XX/2026 Purchase Non-QM/Compliant 3 1 Valuation Property UPNN1M3XI2I-7BC6773S Resolved 3 R * Property Issues indicated (Lvl R) Provide an updated appraisal report with Special flood hazard insurance as "YES" and FEMMA flood zone as "AH".
07/07/2026:  Resolved.  Received updated appraisal
07/07/2026:  Resolved.  Received updated appraisal 07/07/2026:  Resolved.  Received updated appraisal     QC Complete 06/30/2026 07/07/2026 07/07/2026 06/30/2026
298 XX XX   XX Florida 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit UPNN1M3XI2I-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a proof of document for the transfer of gift amount $28,000.00 as it is missing.
07/06/2026:  Resolved.  Received proof of wire for $28,000.00
07/06/2026:  Resolved.  Received proof of wire for $28,000.00 07/06/2026:  Resolved.  Received proof of wire for $28,000.00     QC Complete 06/30/2026 07/06/2026 07/06/2026 06/30/2026
302 XX XX   XX Florida 06/XX/2026 Refinance Not Covered/Exempt 3 1 Credit Credit GOAKVGAEY3E-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of the updated hazard insurance policy that includes the mortgage clause naming XX as the lender.
07/17/2026:  Resolved.  Received updated HOI
07/17/2026:  Resolved.  Received updated HOI 07/17/2026:  Resolved.  Received updated HOI     QC Complete 07/14/2026 07/17/2026 07/17/2026 07/14/2026
307 XX XX   XX California 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Doc Issue ULNUJ5JF4FP-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide a copy of Title Supplement to cover the loan amount $XX
07/09/2026:  Resolved.  Received updated title.
07/09/2026:  Resolved.  Received updated title. 07/09/2026:  Resolved.  Received updated title.     QC Complete 06/30/2026 07/09/2026 07/09/2026 06/30/2026
311 XX XX   XX Arizona 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit D4XEMANFE2E-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide an updated final 1003 for Borrower. The asset depletion income should be reflected under Other Income on the final 1003.
07/15/2026"  Resolved.  Received updated 1003.
07/15/2026"  Resolved.  Received updated 1003. 07/15/2026"  Resolved.  Received updated 1003.     QC Complete 07/10/2026 07/15/2026 07/15/2026 07/09/2026
312 XX XX   XX California 05/XX/2026 Refinance Non-QM/Compliant 3 1 Credit Credit XBJUT5B3DC4-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a copy of CPA letter for borrower business "XX", to verify the ownership.
06/29/2026:  Resolved.  Received CPA verifying 49.86301% ownership in XX
06/29/2026:  Resolved.  Received CPA verifying 49.86301% ownership in XX 06/29/2026:  Resolved.  Received CPA verifying 49.86301% ownership in XX     QC Complete 06/18/2026 06/29/2026 06/29/2026 06/18/2026
312 XX XX   XX California 05/XX/2026 Refinance Non-QM/Compliant 3 1 Compliance Compliance XBJUT5B3DC4-IJH0N5PE Resolved 3 R * ComplianceEase TRID Tolerance Test is Incomplete (Lvl R) Missing Initial Closing Disclosure.

Resolved 06/24/2026: Received Initial Closing Disclosure dated 05/XX/2026 and exception is cleared.
Resolved 06/24/2026: Received Initial Closing Disclosure dated 05/XX/2026 and exception is cleared.
Resolved 06/24/2026: Received Initial Closing Disclosure dated 05/XX/2026 and exception is cleared.
    QC Complete 06/18/2026 06/24/2026 06/24/2026 06/17/2026
314 XX XX   XX Illinois 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Credit 1YBD3I22TQW-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide hazard Insurance for subject property with correct mortgagee clause and coverage amount to match loan amount or show 100% replacement cost.
07/14/2026:  Resolved.  Received updated HOI
07/14/2026:  Resolved.  Received updated HOI 07/14/2026:  Resolved.  Received updated HOI     QC Complete 07/07/2026 07/14/2026 07/14/2026 07/07/2026
316 XX XX   XX Oregon 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit ZORPUD2LU4F-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) 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 $2,724.00, and Co-Borrower 2, (XX), in the amount of $10,503.00 as it is missing
07/06/2026:  Countered.  The 1003 provided did not have the changes made to the other income section.  This is still needed.
07/09/2026:  Resolved.  Received updated 1003
07/09/2026:  Resolved.  Received updated 1003 07/09/2026:  Resolved.  Received updated 1003     QC Complete 06/23/2026 07/09/2026 07/09/2026 06/23/2026
322 XX XX   XX Washington 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit GDCXTHVESRL-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Missing CDA supporting the appraisal report dated 06/XX/2026 with appraisal value of $XX
07/20/2026:  Resolved.  A 2nd full appraisal was provided.  Used lower of the 2 appraisals.  CDA not required.
07/20/2026:  Resolved.  A 2nd full appraisal was provided.  Used lower of the 2 appraisals.  CDA not required. 07/20/2026:  Resolved.  A 2nd full appraisal was provided.  Used lower of the 2 appraisals.  CDA not required.     QC Complete 07/08/2026 07/20/2026 07/20/2026 07/08/2026
322 XX XX   XX Washington 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit GDCXTHVESRL-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of taxes, insurance, HOA for the REO Property : XX
07/20/2026:  Resolved.  Received tax and insurance docs
07/20/2026:  Resolved.  Received tax and insurance docs 07/20/2026:  Resolved.  Received tax and insurance docs     QC Complete 07/08/2026 07/20/2026 07/20/2026 07/08/2026
331 XX XX   XX Illinois 06/XX/2026 Purchase Non-QM/Compliant 2 2 Credit Guidelines 24ANGCVYITX-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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.
  QC Complete 08/12/2026     07/09/2026
332 XX XX   XX Utah 06/XX/2026 Refinance Not Covered/Exempt 3 2 Credit Guidelines APE0XL4JGO3-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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%.
  QC Complete 08/12/2026     06/30/2026
332 XX XX   XX Utah 06/XX/2026 Refinance Not Covered/Exempt 3 2 Credit Doc Issue APE0XL4JGO3-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide a copy of supplemental title report , as the proposed title insured amount $XX0 is inadequate to fully cover the loan amount of $XX
07/07/2026:  Resolved.  Received updated title.
07/07/2026:  Resolved.  Received updated title. 07/07/2026:  Resolved.  Received updated title.     QC Complete 08/12/2026 08/12/2026 08/12/2026 06/30/2026
335 XX XX   XX New York 06/XX/2026 Refinance Not Covered/Exempt 3 1 Credit Other Disclosures TBCDAGAUKNA-ZXHR0C1D Resolved 3 R * Missing Required Disclosures (Lvl R) Require correction for occupancy of property "XX" from primary residence to investment on REO section of final 1003.
06/29/2026:  Resolved.  Received updated 1003.
06/29/2026:  Resolved.  Received updated 1003. 06/29/2026:  Resolved.  Received updated 1003.     QC Complete 06/19/2026 06/29/2026 06/29/2026 06/18/2026
345 XX XX   XX Illinois 06/XX/2026 Cash Out Not Covered/Exempt 3 1 Credit Doc Issue 0AS3PPTR2RB-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) 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
07/13/2026:  Resolved.  Received updated title.
07/13/2026:  Resolved.  Received updated title. 07/13/2026:  Resolved.  Received updated title.     QC Complete 07/07/2026 07/13/2026 07/13/2026 07/06/2026
349 XX XX   XX Tennessee 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit ONQIFSL0PVV-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide gift letter for amount $200,000.00 from XX as it is missing.
07/07/2026:  Resolved.  Received gift letter
07/07/2026:  Resolved.  Received gift letter 07/07/2026:  Resolved.  Received gift letter     QC Complete 06/30/2026 07/07/2026 07/07/2026 06/30/2026
350 XX XX   XX New York 07/XX/2026 Purchase Non-QM/Compliant 2 2 Credit Guidelines CCDXEK2O0FR-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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
  QC Complete 08/12/2026     07/21/2026
359 XX XX   XX Hawaii 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit 1DXFI15JSVU-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of 1004D Appraisal report photos reflecting Subject Deferred Maintenance.
06/23/2026:  Countered.  Document received is a termite invoice and termite inspection report.  A 1004D from apprasier for deferred maintenance is needed.
06/30/2026:  Resolved.  Received a copy of the termite inspection report as alternate to 1004D
06/30/2026:  Resolved.  Received a copy of the termite inspection report as alternate to 1004D 06/30/2026:  Resolved.  Received a copy of the termite inspection report as alternate to 1004D     QC Complete 06/16/2026 06/30/2026 06/30/2026 06/16/2026
375 XX XX   XX Florida 05/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Doc Issue 2HXUOBPWGCX-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) 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.
06/11/2026;  Resolved.  Received updated title.
06/11/2026;  Resolved.  Received updated title. 06/11/2026;  Resolved.  Received updated title.     QC Complete 06/03/2026 06/11/2026 06/11/2026 06/02/2026
377 XX XX   XX Maryland 06/XX/2026 Cash Out Not Covered/Exempt 3 2 Credit Credit 54O2SI1IHET-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provided lease agreement for the subject property expired on 03/31/2026. Provide a copy of updated lease agreement with the new expiration date.

06/24/2026 Resolved : The copy of updated LOE with lease agreement snip resolves the condition.
06/24/2026 Resolved : The copy of updated LOE with lease agreement snip resolves the condition. 06/24/2026 Resolved : The copy of updated LOE with lease agreement snip resolves the condition.     QC Complete 06/22/2026 06/24/2026 06/24/2026 06/19/2026
377 XX XX   XX Maryland 06/XX/2026 Cash Out Not Covered/Exempt 3 2 Credit Guidelines 54O2SI1IHET-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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.
  QC Complete 06/22/2026     06/19/2026
382 XX XX   XX North Carolina 06/XX/2026 Refinance Not Covered/Exempt 3 1 Credit Credit GWPFCTC2JEH-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) 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.

07/09/2026:  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
07/09/2026:  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
07/09/2026:  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
    QC Complete 07/01/2026 07/09/2026 07/09/2026 06/30/2026
387 XX XX   XX Florida 05/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Credit FHVTHLUT1PS-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a copy of the evidence document receipt insurance for property #XX..., as the required documentation is missing.
06/11/2026:  Resolved.  Received HOI for XX
06/11/2026:  Resolved.  Received HOI for XX 06/11/2026:  Resolved.  Received HOI for XX     QC Complete 06/04/2026 06/11/2026 06/11/2026 06/03/2026
394 XX XX   XX Florida 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Doc Issue YXVSQEU0YQ2-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide a copy of Supplemental report of title. Amount of title insurance is not sufficient to cover the loan amount.
06/25/2026:  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.
06/30/2026:  Resolved.  Received updated title.
06/30/2026:  Resolved.  Received updated title. 06/30/2026:  Resolved.  Received updated title.     QC Complete 06/22/2026 06/30/2026 06/30/2026 06/18/2026
396 XX XX   XX California 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Doc Issue MM4JUI1KRLH-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide a copy of Supplemental Title Report to cover the loan amount.
07/08/2026:  Resolved.  Received updated title
07/08/2026:  Resolved.  Received updated title 07/08/2026:  Resolved.  Received updated title     QC Complete 07/01/2026 07/08/2026 07/08/2026 06/30/2026
401 XX XX   XX Pennsylvania 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit LICMHOQOCZG-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) 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.
07/08/2026:  Resolved.  Received bank statements
07/08/2026:  Resolved.  Received bank statements 07/08/2026:  Resolved.  Received bank statements     QC Complete 07/01/2026 07/08/2026 07/08/2026 07/01/2026
405 XX XX   XX New York 05/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit 41CS4QKTJRB-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a copy of the rent-free letter for the property located at XX, as it was missing.
06/15/2026:  Resolved.  Rent free letter not required on xx
06/15/2026:  Resolved.  Rent free letter not required on xx 06/15/2026:  Resolved.  Rent free letter not required on xx     QC Complete 06/04/2026 06/15/2026 06/15/2026 06/04/2026
412 XX XX   XX Utah 05/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit WFJYKHUKIOV-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) 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.
06/11/2026:  Resolved.  Received a copy of the CD.
06/11/2026:  Resolved.  Received a copy of the CD.   06/11/2026:  Resolved.  Received a copy of the CD.       QC Complete 06/03/2026 06/11/2026 06/11/2026 06/03/2026
418 XX XX   XX Maryland 05/XX/2026 Purchase Not Covered/Exempt 2 2 Credit Guidelines V1VOTX4DTWD-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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***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.
  QC Complete 06/08/2026     06/08/2026
420 XX XX   XX Texas 07/XX/2026 Purchase Not Covered/Exempt 2 2 Credit Guidelines HTPB0KUNKIA-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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.

  QC Complete 07/16/2026     07/16/2026
421 XX XX   XX Georgia 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit RM1NCL1XNKL-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) 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 for XX in the monthly amount of $8,350.00 and ensure consistency with the income documentation and underwriting approval.
07/08/2026:  countered.  The 1003 provided does not include the trust income in other income sources of $8,350.00
07/15/2026:  Received updated 1003
07/15/2026:  Received updated 1003 07/15/2026:  Received updated 1003     QC Complete 06/25/2026 07/15/2026 07/15/2026 06/25/2026
427 XX XX   XX California 06/XX/2026 Purchase Non-QM/Compliant 3 2 Credit Credit B0TM055CG5V-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) The approval reflects theXX 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.
06/29/2026:  Resolved.  XXj pays XX loan number XX from XX.  Bank statements were provided.
06/29/2026:  Resolved.  XX pays XX loan number XX from XX.  Bank statements were provided.   06/29/2026:  Resolved.  XX pays XX loan number XX from XX.  Bank statements were provided.       QC Complete 08/12/2026 08/12/2026 08/12/2026 06/18/2026
427 XX XX   XX California 06/XX/2026 Purchase Non-QM/Compliant 3 2 Credit Guidelines B0TM055CG5V-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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.
  QC Complete 08/12/2026     06/18/2026
431 XX XX   XX Georgia 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit Y1BI5XAKCMW-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of Supplemental report of title. Title vested in missing the ISAOA/ATIMA
07/20/2026:  Resolved.  Received updated title.
07/20/2026:  Resolved.  Received updated title. 07/20/2026:  Resolved.  Received updated title.     QC Complete 07/07/2026 07/20/2026 07/20/2026 07/07/2026
433 XX XX   XX Texas 05/XX/2026 Purchase Not Covered/Exempt 3 1 Credit   JRWIRVVOA1Z-QSFFZZOT Resolved 3 R * Hazard Insurance Coverage less than Loan Amount (Lvl R) Provide a copy of Replacement cost estimate. Amount of hazard insurance is not sufficient to cover the loan amount.
06/09/2026:  Countered.  Policy provided is a HO6  condominium policy.  A master insurance policy will be needed
06/30/2026:  Countered.  Policy provided is a HO6  condominium policy.  A master insurance policy will be needed
07/14/2026:  Countered.  Master insurance policy needs to have mortgagee clause added with borrowers name, loan number  and subject property listed.
07/23/2026 Resolved : Resolved as the HO6 resolves the condition.
07/23/2026 Resolved : Resolved as the HO6 resolves the condition. 07/23/2026 Resolved : Resolved as the HO6 resolves the condition.     QC Complete 06/05/2026 07/23/2026 07/23/2026 06/03/2026
436 XX XX   XX Illinois 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Credit H5US3LNDZNG-J9U91B37 Resolved 3 R * LOE (Lvl R) The property located at XX 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.

07/02/2026:  Resolved.  LOE provided this is parents house
07/02/2026:  Resolved.  LOE provided this is parents house 07/02/2026:  Resolved.  LOE provided this is parents house     QC Complete 06/19/2026 07/02/2026 07/02/2026 06/19/2026
436 XX XX   XX Illinois 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Credit H5US3LNDZNG-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) 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.
Resolved.  Received required documents. Resolved.  Received required documents.     QC Complete 06/19/2026 06/25/2026 06/25/2026 06/22/2026
436 XX XX   XX Illinois 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Doc Issue H5US3LNDZNG-DFWG7HN5 Resolved 3 R * Missing proof of hazard insurance (Lvl R) Provide a copy of Hazard insurance for subject property as it is missing.
07/01/2026 Countered.  Declaration page is missing premium amount.
07/08/2026:  Resolved.  Received HOI with premium
07/08/2026:  Resolved.  Received HOI with premium 07/08/2026:  Resolved.  Received HOI with premium     QC Complete 06/19/2026 07/08/2026 07/08/2026 06/18/2026
436 XX XX   XX Illinois 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Credit H5US3LNDZNG-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of updated title report or supplemental title report including Lender ISAOA/ATIMA clause, as is it missing.
06/24/2026:  Resolved.  Received updated title.
06/24/2026:  Resolved.  Received updated title. 06/24/2026:  Resolved.  Received updated title.     QC Complete 06/19/2026 06/24/2026 06/24/2026 06/19/2026
440 XX XX   XX California 06/XX/2026 Refinance Non-QM/Compliant 3 1 Compliance Compliance 3NLRADWUVU0-IJH0N5PE Resolved 3 R * ComplianceEase TRID Tolerance Test is Incomplete (Lvl R) Missing Initial Closing Disclosure.

Resolved 07/10/2026: Received Initial Closing Disclosure dated 06/03/2026 and exception is cleared.
Resolved 07/10/2026: Received Initial Closing Disclosure dated 06/XX/2026 and exception is cleared.
Resolved 07/10/2026: Received Initial Closing Disclosure dated 06/XX/2026 and exception is cleared.
    QC Complete 07/07/2026 07/10/2026 07/10/2026 07/07/2026
440 XX XX   XX California 06/XX/2026 Refinance Non-QM/Compliant 3 1 Credit Doc Issue 3NLRADWUVU0-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide a copy of Title supplement which should cover the loan amount
07/14/2026:  Resolved.  Received updated title
07/14/2026:  Resolved.  Received updated title 07/14/2026:  Resolved.  Received updated title     QC Complete 07/07/2026 07/14/2026 07/14/2026 07/07/2026
440 XX XX   XX California 06/XX/2026 Refinance Non-QM/Compliant 3 1 Credit Credit 3NLRADWUVU0-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) provide a copy of Bank statement ofXX of 1/31/2026
07/17/2026:  Resolved.  Received 01/30/2026 bank statement.
07/17/2026:  Resolved.  Received 01/30/2026 bank statement. 07/17/2026:  Resolved.  Received 01/30/2026 bank statement.     QC Complete 07/07/2026 07/17/2026 07/17/2026 07/07/2026
445 XX XX   XX Arizona 07/XX/2026 Purchase Non-QM/Compliant 2 2 Credit Guidelines I1NRDULAYBR-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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.
  QC Complete 07/20/2026     07/20/2026
450 XX XX   XX Maryland 06/XX/2026 Cash Out Not Covered/Exempt 3 1 Credit Doc Issue PGLRREEVSUV-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) 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.
07/20/2026:  Resolved.  Received updated title.
07/20/2026:  Resolved.  Received updated title. 07/20/2026:  Resolved.  Received updated title.     QC Complete 07/08/2026 07/20/2026 07/20/2026 07/07/2026
452 XX XX   XX South Carolina 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit IRB2HVD2AWC-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of supporting document for the amount of $350 for property address "XX"
07/06/2026;  Resolved:  Received updated 1003 with the $350.00 removed from the 1003
Resolved:  Received updated 1003 with the $350.00 removed from the 1003 Resolved:  Received updated 1003 with the $350.00 removed from the 1003     QC Complete 06/23/2026 07/06/2026 07/06/2026 06/22/2026
453 XX XX   XX Virginia 06/XX/2026 Purchase Non-QM/Compliant 3 1 Compliance Compliance 52ATK3PVFCJ-0O1J05XI Resolved 3 R * ComplianceEase TRID Tolerance Test Failed (Lvl R) 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 06/30/2026: Received COC dated 05/11/2026 and exception is cleared.
Resolved 06/30/2026: Received COC dated 05/XX/2026 and exception is cleared.
Resolved 06/30/2026: Received COC dated 05/XX/2026 and exception is cleared.
    QC Complete 06/17/2026 06/30/2026 06/30/2026 06/17/2026
455 XX XX   XX Maine 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit MILD1PPYD1F-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a corrected copy of the Mortgage or Deed of Trust (DOT) reflecting the MIN or xx (Mortgage Identification Number), as it is missing.
07/09/2026:  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.
07/09/2026:  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 XXwhich has been in production since June 2021. 07/09/2026:  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.     QC Complete 06/24/2026 07/09/2026 07/09/2026 06/22/2026
455 XX XX   XX Maine 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit MILD1PPYD1F-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) 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.
6/30/2026:  Resolved:  Received updated 1003
6/30/2026:  Resolved:  Received updated 1003 6/30/2026:  Resolved:  Received updated 1003     QC Complete 06/24/2026 06/30/2026 06/30/2026 06/22/2026
463 XX XX   XX Texas 05/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit J0DV13XMJWP-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of Tax and insurance document for property address "XX
06/09/2026:  Counter.  No proof of insurance was provided.
06/10/2026:  Resolved.  Property is land no HOI
06/10/2026:  Resolved.  Property is land no HOI 06/10/2026:  Resolved.  Property is land no HOI     QC Complete 06/04/2026 06/10/2026 06/10/2026 06/03/2026
464 XX XX   XX Massachusetts 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit MFIPOGZO0H3-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of the condo questionnaire, as it is missing.
06/25/2026:  Resolved.  Received condominium Information sheet.
06/25/2026:  Resolved.  Received condominium Information sheet. 06/25/2026:  Resolved.  Received condominium Information sheet.     QC Complete 06/22/2026 06/25/2026 06/25/2026 06/19/2026
469 XX XX   XX Texas 06/XX/2026 Purchase Non-QM/Compliant 2 2 Credit Guidelines S41X0YEMUWE-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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%.

  QC Complete 07/08/2026     07/07/2026
470 XX XX   XX Virginia 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit   JIQAHKES4CZ-QSFFZZOT Resolved 3 R * Hazard Insurance Coverage less than Loan Amount (Lvl R) Hazard insurance dwelling and increase dwelling coverage of $XXis does not cover the loan amount $XX Provide a copy of the replacement cost estimator or update the policy to cover the loan amount.

07/23/2026 Resolved - Resolved as per the fnma guidelines.
07/23/2026 Resolved - Resolved as per the fnma guidelines. 07/23/2026 Resolved - Resolved as per the fnma guidelines.     QC Complete 06/17/2026 07/23/2026 07/23/2026 06/16/2026
472 XX XX   XX California 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit OKB0LRUDH2D-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) The REO property address is reflected asXX 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.
07/01/2026:  Received LOE stating the correct property address per hazard insurance and county records isXX  The discrepancy on tax returns is a typo and we (client) have confirmed online that property XXdoes not exist
07/01/2026:  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 07/01/2026:  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     QC Complete 06/22/2026 07/01/2026 07/01/2026 06/23/2026
472 XX XX   XX California 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit OKB0LRUDH2D-JB8D6DUS Resolved 3 R * Missing Final 1003_Application (Lvl R) 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.
07/01/2026:  Resolved.  Received updated 1003
07/01/2026:  Resolved.  Received updated 1003 07/01/2026:  Resolved.  Received updated 1003     QC Complete 06/22/2026 07/01/2026 07/01/2026 06/23/2026
476 XX XX   XX California 07/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Doc Issue DU3VXR223JA-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) 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.
07/17/2026:  Resolved.  Received updated title
07/17/2026:  Resolved.  Received updated title 07/17/2026:  Resolved.  Received updated title     QC Complete 07/14/2026 07/17/2026 07/17/2026 07/14/2026
480 XX XX   XX Tennessee 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit CNAMRBVNLVR-XTK25AL2 Resolved 3 R * Purchase Contract is missing (Lvl R) 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.
07/07/2026:  Resolved.  Received all pages of contract
07/07/2026:  Resolved.  Received all pages of contract 07/07/2026:  Resolved.  Received all pages of contract     QC Complete 07/01/2026 07/07/2026 07/07/2026 07/01/2026
480 XX XX   XX Tennessee 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit CNAMRBVNLVR-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide an updated copy of the hazard insurance document that includes the premium amount, as it is missing.
07/15/2026:  Resolved.  Received updated HOI.
07/15/2026:  Resolved.  Received updated HOI. 07/15/2026:  Resolved.  Received updated HOI.     QC Complete 07/01/2026 07/15/2026 07/15/2026 06/30/2026
480 XX XX   XX Tennessee 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit CNAMRBVNLVR-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of the lease agreement for the subject property located at XX, as it is currently missing from the file.
07/13/2026:  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.
07/15/2026:  Resolved.  The lessor of the actual rents from the rent schedule was used to calculate the DSCR calculations.
07/15/2026:  Resolved.  The lessor of the actual rents from the rent schedule was used to calculate the DSCR calculations. 07/15/2026:  Resolved.  The lessor of the actual rents from the rent schedule was used to calculate the DSCR calculations.     QC Complete 07/01/2026 07/15/2026 07/15/2026 06/30/2026
483 XX XX   XX Minnesota 06/XX/2026 Cash Out Not Covered/Exempt 3 2 Credit Credit G4RKWFM4UTT-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) 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.
06/19/2026:  Resolved.  Received updated appraisal
06/19/2026:  Resolved.  Received updated appraisal 06/19/2026:  Resolved.  Received updated appraisal     QC Complete 06/16/2026 06/19/2026 06/19/2026 06/16/2026
483 XX XX   XX Minnesota 06/XX/2026 Cash Out Not Covered/Exempt 3 2 Credit Guidelines G4RKWFM4UTT-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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%.



  QC Complete 06/16/2026     06/16/2026
494 XX XX   XX Illinois 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Doc Issue C1GL4QTAPXZ-AEPG67BW Resolved 3 R * Missing credit report (Lvl R) Provide a copy of Credit Report.
07/09/2026:  Resolved.  Received copy of credit report
07/09/2026:  Resolved.  Received copy of credit report 07/09/2026:  Resolved.  Received copy of credit report     QC Complete 07/01/2026 07/09/2026 07/09/2026 07/01/2026
494 XX XX   XX Illinois 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit C1GL4QTAPXZ-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide an updated final 1003 that includes the other income. The SSA income was not listed on the final 1003 for either borrowers.
07/09/2026:  Resolved.  Received updated 1003
07/09/2026:  Resolved.  Received updated 1003 07/09/2026:  Resolved.  Received updated 1003     QC Complete 07/01/2026 07/09/2026 07/09/2026 07/01/2026
496 XX XX   XX Florida 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Doc Issue 0SQ4Q1WD3XE-AEPG67BW Resolved 3 R * Missing credit report (Lvl R) Provide a copy of Credit report as it is missing
07/08/2026:  Resolved.  Received credit report
07/08/2026:  Resolved.  Received credit report 07/08/2026:  Resolved.  Received credit report     QC Complete 07/01/2026 07/08/2026 07/08/2026 06/30/2026
510 XX XX   XX California 06/XX/2026 Purchase Non-QM/Compliant 2 2 Credit Guidelines 1J1YNMDA1SD-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) Allowing to permit assignment of contract. (Original buyer wasXX - 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.
  QC Complete 07/07/2026     07/07/2026
514 XX XX   XX Florida 06/XX/2026 Purchase Not Covered/Exempt 3 1 Valuation Valuation AGI1OTW1ILH-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) Provide a copy of the secondary valuation CDA for subject property as it missing.
07/07/2026:  Resolved.  Received CDA
07/07/2026:  Resolved.  Received CDA 07/07/2026:  Resolved.  Received CDA     QC Complete 07/02/2026 07/07/2026 07/07/2026 06/30/2026
528 XX XX   XX Florida 05/XX/2026 Refinance Not Covered/Exempt 3 1 Credit Credit MN1NW5MGGK5-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy updated Driver License. Document in file is illegible.
06/08/2026:  Resolved.  Received ID
06/08/2026:  Resolved.  Received ID 06/08/2026:  Resolved.  Received ID     QC Complete 06/03/2026 06/08/2026 06/08/2026 06/02/2026
532 XX XX   XX Florida 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit 4Z4Y0F1L3FK-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of updated final 1003 document with rent as "$1,100"

07/10/2026 Resolved: The copy of updated 1003 resolves the condition.
07/10/2026 Resolved: The copy of updated 1003 resolves the condition. 07/10/2026 Resolved: The copy of updated 1003 resolves the condition.     QC Complete 07/02/2026 07/10/2026 07/10/2026 07/01/2026
536 XX XX   XX Georgia 06/XX/2026 Cash Out Non-QM/Compliant 4 1 Compliance Compliance ZTCZZG1AUFI-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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.
This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 06/18/2026 06/18/2026 06/18/2026 06/17/2026
536 XX XX   XX Georgia 06/XX/2026 Cash Out Non-QM/Compliant 4 1 Credit Doc Issue ZTCZZG1AUFI-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) 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.
06/23/2026:  Resolved.  Received updated title
06/23/2026:  Resolved.  Received updated title 06/23/2026:  Resolved.  Received updated title     QC Complete 06/18/2026 06/23/2026 06/23/2026 06/17/2026
539 XX XX   XX Texas 06/XX/2026 Purchase Non-QM/Compliant 2 2 Valuation Property ALXSPVQLWK2-I303N0YD Waived 2 W * Property zoned rural and contains more than 10 acres (Lvl W) 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%.
  QC Complete 06/23/2026     06/19/2026
541 XX XX   XX Utah 05/XX/2026 Cash Out Not Covered/Exempt 3 1 Credit Credit UVZCOD5YOIX-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide an updated title report with the property address reflecting the unit no "#XX ".
06/12/2026:  Resolved.  Received updated title.
06/12/2026:  Resolved.  Received updated title. 06/12/2026:  Resolved.  Received updated title.     QC Complete 06/04/2026 06/12/2026 06/12/2026 06/04/2026
543 XX XX   XX Washington 07/XX/2026 Purchase Non-QM/Compliant 2 2 Credit Guidelines 0BTHEWM1P4M-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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.
  QC Complete 08/12/2026     07/14/2026
546 XX XX   XX Georgia 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Doc Issue QOVVZOXNA3R-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) 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
06/26/2026:  Resolved.  Received updated title
06/26/2026:  Resolved.  Received updated title 06/26/2026:  Resolved.  Received updated title     QC Complete 06/22/2026 06/26/2026 06/26/2026 06/19/2026
547 XX XX   XX Illinois 06/XX/2026 Purchase Non-QM/Compliant 3 2 Credit Credit NUATFMRJWPG-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) 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
07/08/2026:  Resolved.  Received updated 1003
07/08/2026:  Resolved.  Received updated 1003 07/08/2026:  Resolved.  Received updated 1003     QC Complete 07/01/2026 07/08/2026 07/08/2026 07/01/2026
547 XX XX   XX Illinois 06/XX/2026 Purchase Non-QM/Compliant 3 2 Credit Guidelines NUATFMRJWPG-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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%.

  QC Complete 07/01/2026     07/01/2026
556 XX XX   XX California 06/XX/2026 Refinance Not Covered/Exempt 3 1 Credit Credit PL1ARKOCJWS-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) 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'.
07/07/2026:  Resolved.  Received updated HOI
07/07/2026:  Resolved.  Received updated HOI 07/07/2026:  Resolved.  Received updated HOI     QC Complete 07/01/2026 07/07/2026 07/07/2026 07/01/2026
556 XX XX   XX California 06/XX/2026 Refinance Not Covered/Exempt 3 1 Credit Credit PL1ARKOCJWS-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a copy of Business Purpose Affidavit as it is missing.
07/07/2026:  Resolved.  Received copy of Business Purpose
07/07/2026:  Resolved.  Received copy of Business Purpose 07/07/2026:  Resolved.  Received copy of Business Purpose     QC Complete 07/01/2026 07/07/2026 07/07/2026 07/01/2026
562 XX XX   XX California 05/XX/2026 Purchase Non-QM/Compliant 3 1 Compliance Compliance 4WQT4YJMNQC-L2NRUFUV Resolved 3 R * Intent to Proceed Missing  (Lvl R) Missing Intent to Proceed Document.

Resolved 06/23/2026: Received Intent to proceed document dated 04/XX/2026 and exception is cleared.
Resolved 06/23/2026: Received Intent to proceed document dated 04/XX/2026 and exception is cleared.
Resolved 06/23/2026: Received Intent to proceed document dated 04/XX/2026 and exception is cleared.
    QC Complete 06/18/2026 06/23/2026 06/23/2026 06/17/2026
562 XX XX   XX California 05/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Doc Issue 4WQT4YJMNQC-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Preliminary title does not reflect the amount of $XX title insured coverage amount. provide a copy of supplemental report.

06/24/2026 Resolved : The copy of final title policy resolves the condition.
06/24/2026 Resolved : The copy of final title policy resolves the condition. 06/24/2026 Resolved : The copy of final title policy resolves the condition.     QC Complete 06/18/2026 06/24/2026 06/24/2026 06/17/2026
569 XX XX   XX Florida 06/XX/2026 Purchase Not Covered/Exempt 3 2 Credit Doc Issue ECIRAXQ5RMI-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) 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
07/14/2026:  Resolved.  Received updated title
07/14/2026:  Resolved.  Received updated title 07/14/2026:  Resolved.  Received updated title     QC Complete 08/12/2026 08/12/2026 08/12/2026 07/08/2026
569 XX XX   XX Florida 06/XX/2026 Purchase Not Covered/Exempt 3 2 Credit Guidelines ECIRAXQ5RMI-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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.
  QC Complete 08/12/2026     07/08/2026
574 XX XX   XX California 07/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit OJBOLJB5EIX-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of Condo Rider as the appraisal report indicated the subject property ad Condo property.
07/21/2026:  Resolved.  Received corrected appraisal correcting property to a PUD
07/21/2026:  Resolved.  Received corrected appraisal correcting property to a PUD 07/21/2026:  Resolved.  Received corrected appraisal correcting property to a PUD     QC Complete 07/16/2026 07/21/2026 07/21/2026 07/15/2026
576 XX XX   XX Texas 06/XX/2026 Refinance Not Covered/Exempt 3 1 Credit Credit RSQN3KEBNYL-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) 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.
06/26/2026:  Resolved.  Received updated LoanScore Card.
06/26/2026:  Resolved.  Received updated LoanScore Card. 06/26/2026:  Resolved.  Received updated LoanScore Card.     QC Complete 06/18/2026 06/26/2026 06/26/2026 06/17/2026
576 XX XX   XX Texas 06/XX/2026 Refinance Not Covered/Exempt 3 1 Credit Doc Issue RSQN3KEBNYL-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) 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
06/24/2026:  Resolved.  Received updated title.
06/24/2026:  Resolved.  Received updated title. 06/24/2026:  Resolved.  Received updated title.     QC Complete 06/18/2026 06/24/2026 06/24/2026 06/17/2026
578 XX XX   XX Washington 06/XX/2026 Purchase Non-QM/Compliant 4 1 Compliance Compliance ZBKNX22SQC4-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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.
This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 06/22/2026 06/22/2026 06/22/2026 06/19/2026
581 XX XX   XX Illinois 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Credit WIKA2S5YKH2-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) 1. The XX bank statement reflects the business name as "XX." 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 XXbank 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 "XXN." A correction is required to update the final 1003 for B1 and B2 to reflect the correct business names.
07/21/2026:  Resolved.  Received updated 1003
07/21/2026:  Resolved.  Received updated 1003 07/21/2026:  Resolved.  Received updated 1003     QC Complete 08/14/2026 08/14/2026 08/14/2026 07/01/2026
581 XX XX   XX Illinois 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Title Policy WIKA2S5YKH2-D7HQ8S9D Resolved 3 R * Missing Final Title Policy with applicable xx endorsements. (i.e., xx 8.1, 9) (Lvl R) The mortgage clause is missing from the title report. provide an updated copy of the title report that includes the mortgage clause
07/16/2026:  Resolved.  Received updated title.
07/16/2026:  Resolved.  Received updated title. 07/16/2026:  Resolved.  Received updated title.     QC Complete 08/14/2026 08/14/2026 08/14/2026 08/14/2026
581 XX XX   XX Illinois 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Credit WIKA2S5YKH2-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) 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.
07/08/2026:  Resolved.  Received updated 1003
07/08/2026:  Resolved.  Received updated 1003 07/08/2026:  Resolved.  Received updated 1003     QC Complete 08/14/2026 08/14/2026 08/14/2026 07/01/2026
611 XX XX   XX Washington 06/XX/2026 Cash Out Non-QM/Compliant 3 2 Credit Guidelines 0IHH1N4IQKA-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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.
  QC Complete 07/02/2026     07/01/2026
611 XX XX   XX Washington 06/XX/2026 Cash Out Non-QM/Compliant 3 2 Credit Credit 0IHH1N4IQKA-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of updated final 1003 document with other income asset depletion $12,000.00 reflecting on it.
07/09/2026:  Resolved.  Received updated 1003
07/09/2026:  Resolved.  Received updated 1003 07/09/2026:  Resolved.  Received updated 1003     QC Complete 07/02/2026 07/09/2026 07/09/2026 07/01/2026
613 XX XX   XX California 07/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit UP2OZEKTOZD-UDN50XOG Resolved 3 R * Borrower Identity Missing (Lvl R) Provide a copy of updated borrower government ID as it is expired.
07/21/2026:  Resolved.  At the time of closing ID had not expired.
07/21/2026:  Resolved.  At the time of closing ID had not expired.   07/21/2026:  Resolved.  At the time of closing ID had not expired.       QC Complete 07/16/2026 07/21/2026 07/21/2026 07/15/2026
615 XX XX   XX Texas 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Doc Issue 3JCEDPSYLOR-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Unable to determine Lender's name on title, provide a copy of updated title report.
06/24/2026:  Resolved.  Received updated title.
06/24/2026:  Resolved.  Received updated title. 06/24/2026:  Resolved.  Received updated title.     QC Complete 06/18/2026 06/24/2026 06/24/2026 06/17/2026
615 XX XX   XX Texas 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit   3JCEDPSYLOR-QSFFZZOT Resolved 3 R * Hazard Insurance Coverage less than Loan Amount (Lvl R) Hazard insurance dwelling amount $XX is not sufficient to cover the loan amount $XX. Provide RCA document.
06/24/2026:  Resolved.  Received RCE.
06/24/2026:  Resolved.  Received RCE. 06/24/2026:  Resolved.  Received RCE.     QC Complete 06/18/2026 06/24/2026 06/24/2026 06/16/2026
617 XX XX   XX Colorado 06/XX/2026 Refinance Not Covered/Exempt 3 1 Credit Doc Issue XELUTLPXFCD-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Amount of Title insurance $XX is less than the loan amount XX, Provide a copy of supplemental report.
07/14/2026:  Resolved.  Received updated title.
07/14/2026:  Resolved.  Received updated title. 07/14/2026:  Resolved.  Received updated title.     QC Complete 07/02/2026 07/14/2026 07/14/2026 07/02/2026
618 XX XX   XX Maryland 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit MBIOOSPJVKQ-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide an updated final 1003. The asset depletion income must be listed under Other Income on the final 1003.
07/14/2026:  Resolved.  Received updated 1003
07/14/2026:  Resolved.  Received updated 1003 07/14/2026:  Resolved.  Received updated 1003     QC Complete 07/08/2026 07/14/2026 07/14/2026 07/08/2026
620 XX XX   XX Florida 06/XX/2026 Purchase Non-QM/Compliant 4 1 Compliance Compliance I1WSP1HH3MR-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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.
This loan is compliant with regulation 1026.35.
This loan is compliant with regulation 1026.35.
    QC Complete 07/09/2026 07/09/2026 07/09/2026 07/08/2026
620 XX XX   XX Florida 06/XX/2026 Purchase Non-QM/Compliant 4 1 Valuation Appraisal I1WSP1HH3MR-H308PJGK Resolved 3 R * Appraiser Licence Missing (Lvl R) Provide a copy of the appraiser license, as it is missing in the loan file.
07/14/2026:  Resolved.  Received appraisers license.
07/14/2026:  Resolved.  Received appraisers license. 07/14/2026:  Resolved.  Received appraisers license.     QC Complete 07/09/2026 07/14/2026 07/14/2026 07/08/2026
621 XX XX   XX Florida 06/XX/2026 Refinance Non-QM/Compliant 3 1 Credit Credit QSXRXB3WWQA-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) "Borrower has Social Security income, but it is not reflected on the 1003. A correction to the 1003 is required."
07/14/2026:  Resolved.  Received updated 1003
07/14/2026:  Resolved.  Received updated 1003 07/14/2026:  Resolved.  Received updated 1003     QC Complete 07/02/2026 07/14/2026 07/14/2026 07/01/2026
623 XX XX   XX Texas 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit CJXDL15ZSPQ-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide an updated hazard insurance with mortgage clause "ISAOA/ATIMA" for the mortgagee "XX".
07/17/2026:  Resolved.  Received updated HOI
07/17/2026:  Resolved.  Received updated HOI 07/17/2026:  Resolved.  Received updated HOI     QC Complete 07/06/2026 07/17/2026 07/17/2026 07/02/2026
626 XX XX   XX Oregon 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit GFBV4KHHAQP-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of updated Title report or supplemental title report including Lender ISAOA/ATIMA clause, as is it missing.
06/29/2026:  Resolved.  Received updated title.
06/29/2026:  Resolved.  Received updated title. 06/29/2026:  Resolved.  Received updated title.     QC Complete 06/23/2026 06/29/2026 06/29/2026 06/23/2026
636 XX XX   XX New York 06/XX/2026 Cash Out Not Covered/Exempt 3 1 Credit Credit KBPLW3P4WDE-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Subject property XX is reflecting as Primary residence in REO section. Provide a copy of corrected 1003 reflecting Investment.

06/24/2026 Resolved : The copy of corrected final application resolves the condition.
06/24/2026 Resolved : The copy of corrected final application resolves the condition. 06/24/2026 Resolved : The copy of corrected final application resolves the condition.     QC Complete 06/19/2026 06/24/2026 06/24/2026 06/18/2026
636 XX XX   XX New York 06/XX/2026 Cash Out Not Covered/Exempt 3 1 Credit Credit KBPLW3P4WDE-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) REO property in 1003 3b section ( XX) reflecting as primary residence, provide updated 1003 or supporting documents.

06/24/2026 Resolved : The copy of corrected final application resolves the condition.
06/24/2026 Resolved : The copy of corrected final application resolves the condition. 06/24/2026 Resolved : The copy of corrected final application resolves the condition.     QC Complete 06/19/2026 06/24/2026 06/24/2026 06/18/2026
650 XX XX   XX Georgia 07/XX/2026 Purchase Non-QM/Compliant 2 2 Credit Guidelines LWG3S4HMHCB-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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%.
  QC Complete 07/20/2026     07/17/2026
651 XX XX   XX New York 05/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit IZ1DM4O5Y5S-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide an LEO stating that the property XX" have no HOA fees.
06/24/2026:  Countered.  The final 1003 does not indicate that the property is a SFR.  A LOE stating no HOA fees for XX
06/30/2026:  Countered.  Proof XXe is a SFR to show proof property has no HOA fee.
07/08/2026:  Resolved.  Received loe from client stating they do not provide proof of property type for every REO listed on the 1003.
07/08/2026:  Resolved.  Received loe from client stating they do not provide proof of property type for every REO listed on the 1003. 07/08/2026:  Resolved.  Received loe from client stating they do not provide proof of property type for every REO listed on the 1003.     QC Complete 06/10/2026 07/09/2026 07/09/2026 06/10/2026
663 XX XX   XX Florida 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit 0TSQ5VLXGQZ-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide proof of HOA fee for the property "XX" as it is missing.
07/07/2026:  Resolved.  Received proof of HOA
07/07/2026:  Resolved.  Received proof of HOA 07/07/2026:  Resolved.  Received proof of HOA     QC Complete 07/01/2026 07/07/2026 07/07/2026 07/01/2026
663 XX XX   XX Florida 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit 0TSQ5VLXGQZ-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) The DOT shows both PUD and condominium riders checked. Provide an updated DOT with only condominium rider checked.
07/07/2026:  Resolved.  Received updated DOT
07/07/2026:  Resolved.  Received updated DOT 07/07/2026:  Resolved.  Received updated DOT     QC Complete 07/01/2026 07/07/2026 07/07/2026 07/01/2026
665 XX XX   XX California 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Doc Issue TEYWU2SMOWD-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) The title amount is not sufficient to cover the loan amount of $XX. Provide a copy of the supplemental title report.
07/14/2026: Resolved. Received updated title
07/14/2026: Resolved. Received updated title 07/14/2026: Resolved. Received updated title     QC Complete 07/02/2026 07/14/2026 07/14/2026 07/01/2026
665 XX XX   XX California 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Credit TEYWU2SMOWD-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of the insurance and HOA documents for the property located atXX
07/07/2026;  Resolved.  Received HOI & HOA
07/07/2026;  Resolved.  Received HOI & HOA 07/07/2026;  Resolved.  Received HOI & HOA     QC Complete 07/02/2026 07/07/2026 07/07/2026 07/02/2026
667 XX XX   XX Texas 06/XX/2026 Purchase Non-QM/Compliant 4 1 Compliance Compliance 15DUPSK41ZM-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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.
This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 07/02/2026 07/02/2026 07/02/2026 07/01/2026
671 XX XX   XX Maryland 07/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit OMJKJ5D13QY-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of the Business Purpose Loan Certification, signed by the borrower, as it is missing.
07/21/2026:  Resolved.  Received business purpose
07/21/2026:  Resolved.  Received business purpose 07/21/2026:  Resolved.  Received business purpose     QC Complete 07/16/2026 07/21/2026 07/21/2026 07/15/2026
675 XX XX   XX Indiana 06/XX/2026 Purchase Non-QM/Compliant 3 1 Compliance Compliance GBWY0W1LXJT-XRW0S8RB Resolved 3 R * Disclosure - Your Home Loan Toolkit is missing or unexecuted (Lvl R) Missing Home Loan Toolkit.

06/24/2026 Resolved : the copy of toolkit resolves the condition.
06/24/2026 Resolved : the copy of toolkit resolves the condition. 06/24/2026 Resolved : the copy of toolkit resolves the condition.     QC Complete 06/22/2026 06/24/2026 06/24/2026 06/18/2026
689 XX XX   XX New Jersey 05/XX/2026 Purchase Non-QM/Compliant 4 1 Compliance Compliance 4RKXRQ3SKRW-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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.
This loan is compliant with regulation 1026.35.
This loan is compliant with regulation 1026.35.
    QC Complete 06/03/2026 06/03/2026 06/03/2026 06/02/2026
693 XX XX   XX California 07/XX/2026 Refinance Not Covered/Exempt 3 1 Credit   B04VR4R352V-QSFFZZOT Resolved 3 R * Hazard Insurance Coverage less than Loan Amount (Lvl R) 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.
7/17/2026:  Resolved.  Received RCE
7/17/2026:  Resolved.  Received RCE 7/17/2026:  Resolved.  Received RCE     QC Complete 07/14/2026 07/17/2026 07/17/2026 07/14/2026
693 XX XX   XX California 07/XX/2026 Refinance Not Covered/Exempt 3 1 Credit Credit B04VR4R352V-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) 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.
07/17/2026:  Resolved.  Received additional bank statements.
07/17/2026:  Resolved.  Received additional bank statements. 07/17/2026:  Resolved.  Received additional bank statements.     QC Complete 07/14/2026 07/17/2026 07/17/2026 07/14/2026
695 XX XX   XX Florida 05/XX/2026 Cash Out Not Covered/Exempt 3 1 Credit Credit 3EFDJNN3GPY-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Correction required on final 1003, subject property occupancy from "Primary residence" to "Investment" on REO section.
06/26/2026:  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.
07/02/2026:  Resolved.  Received updated 1003
07/02/2026:  Resolved.  Received updated 1003 07/02/2026:  Resolved.  Received updated 1003     QC Complete 06/10/2026 07/02/2026 07/02/2026 06/08/2026
695 XX XX   XX Florida 05/XX/2026 Cash Out Not Covered/Exempt 3 1 Credit   3EFDJNN3GPY-QSFFZZOT Resolved 3 R * Hazard Insurance Coverage less than Loan Amount (Lvl R) Dwelling amount is not sufficient to cover loan amount. Provide an updated hazard insurance with sufficient dwelling or Replacement cost estimator (RCE).
6/15/2026:  Resolved.  Received RCE
6/15/2026:  Resolved.  Received RCE  6/15/2026:  Resolved.  Received RCE      QC Complete 06/10/2026 06/15/2026 06/15/2026 06/04/2026
699 XX XX   XX Pennsylvania 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit 2MTHKBNEMFW-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) 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.

07/10/2026 Resolved : The copy of updated 1003 resolves the condition.
07/10/2026 Resolved : The copy of updated 1003 resolves the condition. 07/10/2026 Resolved : The copy of updated 1003 resolves the condition.     QC Complete 07/02/2026 07/10/2026 07/10/2026 07/02/2026
702 XX XX   XX North Carolina 06/XX/2026 Cash Out Not Covered/Exempt 2 2 Credit Guidelines 4RT0ITOBL4V-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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%.
  QC Complete 07/02/2026     07/02/2026
704 XX XX   XX New York 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit YUOSBT1U33J-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of Condo Questionnaire as it is missing.
06/19/2026:  Resolved.  1008 indicates Exempt from review, Condo project review waived.
06/19/2026:  Resolved.  1008 indicates Exempt from review, Condo project review waived.   06/19/2026:  Resolved.  1008 indicates Exempt from review, Condo project review waived.       QC Complete 06/16/2026 06/19/2026 06/19/2026 06/16/2026
704 XX XX   XX New York 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit   YUOSBT1U33J-QSFFZZOT Resolved 3 R * Hazard Insurance Coverage less than Loan Amount (Lvl R) 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.
06/19/2026:  Resolved.  Received master policy
06/19/2026:  Resolved.  Received master policy 06/19/2026:  Resolved.  Received master policy     QC Complete 06/16/2026 06/19/2026 06/19/2026 06/15/2026
704 XX XX   XX New York 06/XX/2026 Purchase Not Covered/Exempt 3 1 Credit Credit YUOSBT1U33J-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) 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.

06/22/2026:  Resolved.XX servicing #XX is listed on REO XX and XX is listed on X.
06/22/2026:  Resolved.  XX is listed on XX and XX is listed on XX 06/22/2026:  Resolved.  XX is listed onXX and XX is listed on XX     QC Complete 06/16/2026 06/22/2026 06/22/2026 06/16/2026
719 XX XX   XX Washington 05/XX/2026 Purchase Non-QM/Compliant 2 2 Credit Guidelines JUHJZNT0K33-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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.

  QC Complete 06/03/2026     06/02/2026
725 XX XX   XX Michigan 06/XX/2026 Purchase Non-QM/Compliant 4 1 Valuation Appraisal GLZDZHOIEM3-ANNC2X7V Resolved 3 R * The Appraisal License is Missing (Lvl R) Provide a copy of appraisal license.

06/24/2026 Resolved : The copy of appraisal license resolves the condition.
06/24/2026 Resolved : The copy of appraisal license resolves the condition. 06/24/2026 Resolved : The copy of appraisal license resolves the condition.     QC Complete 06/18/2026 06/24/2026 06/24/2026 06/17/2026
725 XX XX   XX Michigan 06/XX/2026 Purchase Non-QM/Compliant 4 1 Compliance Compliance GLZDZHOIEM3-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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.
This loan is compliant with regulation 1026.35. This loan is compliant with regulation 1026.35.     QC Complete 06/18/2026 06/18/2026 06/18/2026 06/18/2026
726 XX XX   XX Michigan 06/XX/2026 Purchase Non-QM/Compliant 4 1 Compliance Compliance HZV50NCACSM-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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.
This loan is compliant with regulation 1026.35.
This loan is compliant with regulation 1026.35.
    QC Complete 07/09/2026 07/09/2026 07/09/2026 07/09/2026
728 XX XX   XX California 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Doc Issue VEDIWRVI2UO-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) Provide a copy of Title supplement which is missing in the loan file
07/20/2026:  Resolved.  Received updated title.
07/20/2026:  Resolved.  Received updated title. 07/20/2026:  Resolved.  Received updated title.     QC Complete 07/08/2026 07/20/2026 07/20/2026 07/08/2026
735 XX XX   XX Missouri 06/XX/2026 Purchase Not Covered/Exempt 2 2 Credit Guidelines 3LUFCBR3TMM-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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.
  QC Complete 08/12/2026     06/16/2026
736 XX XX   XX Washington 06/XX/2026 Purchase Non-QM/Compliant 3 1 Valuation Valuation JNO1HJFQFQ1-ZI5GG5MN Resolved 3 R * Automated Appraisal Review Missing (Lvl R) Provide an updated CDA with borrower name "XX".
06/30/2026:  Resolved.  Received updated CDA
06/30/2026:  Resolved.  Received updated CDA 06/30/2026:  Resolved.  Received updated CDA     QC Complete 06/22/2026 06/30/2026 06/30/2026 06/22/2026
736 XX XX   XX Washington 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit JNO1HJFQFQ1-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Borrower bank statementXXn ***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.
06/30/3026:  Resolved.  xx is a shortened name of XX.  Credit report includes the name XX as an additional name.
06/30/3026:  Resolved.  XX is a shortened name of XX.  Credit report includes the name XX as an additional name.   06/30/3026:  Resolved.  XX is a shortened name of XX.  Credit report includes the name XX as an additional name.       QC Complete 06/22/2026 06/30/2026 06/30/2026 06/22/2026
736 XX XX   XX Washington 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit JNO1HJFQFQ1-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) 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.
06/29/2026:  Resolved.  Received updated 1003.
06/29/2026:  Resolved.  Received updated 1003. 06/29/2026:  Resolved.  Received updated 1003.     QC Complete 06/22/2026 06/29/2026 06/29/2026 06/19/2026
736 XX XX   XX Washington 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Title Review JNO1HJFQFQ1-A7YJSEV7 Resolved 3 R * Title issue (Lvl R) Provide an updated title report with mortgage clause "ISAOA/ITMA" for lender "XX".
06/30/2026:  Resolved.  Received updated title.
06/30/2026:  Resolved.  Received updated title. 06/30/2026:  Resolved.  Received updated title.     QC Complete 06/22/2026 06/30/2026 06/30/2026 06/22/2026
737 XX XX   XX Georgia 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit CDB3WE52W25-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a supporting document for $274 for the property XX
7/8/2026:  Countered.  document provided does not show an amount.

07/10/2026 Resolved - The copy of property details resolves the condition.
07/10/2026 Resolved - The copy of property details resolves the condition. 07/10/2026 Resolved - The copy of property details resolves the condition.     QC Complete 07/02/2026 07/10/2026 07/10/2026 07/01/2026
742 XX XX   XX Ohio 06/XX/2026 Purchase Non-QM/Compliant 4 1 Compliance Compliance J14K5BF1YNN-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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.
This loan is compliant with regulation 1026.35.
This loan is compliant with regulation 1026.35.
    QC Complete 07/09/2026 07/09/2026 07/09/2026 07/09/2026
742 XX XX   XX Ohio 06/XX/2026 Purchase Non-QM/Compliant 4 1 Credit Credit J14K5BF1YNN-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) 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
07/14/2026:  Resolved.  Received updated 1003
07/14/2026:  Resolved.  Received updated 1003 07/14/2026:  Resolved.  Received updated 1003     QC Complete 07/09/2026 07/14/2026 07/14/2026 07/09/2026
743 XX XX   XX Florida 06/XX/2026 Purchase Not Covered/Exempt 4 1 Credit Guidelines GJZSQEELHO2-J587LE2V Resolved 4 R * Loan does not conform to program guidelines (Lvl R) Loan files do not meet guideline requirements. The guideline restricts property eligibility and excludes first-time homebuyers.
06/30/2026:  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.

07/08/2026 Resolved - the copy of property report showing borrower's ownership resolves the condition.
07/08/2026 Resolved - the copy of property report showing borrower's ownership resolves the condition.  07/08/2026 Resolved - the copy of property report showing borrower's ownership resolves the condition.      QC Complete 06/24/2026 07/08/2026 07/08/2026 06/23/2026
745 XX XX   XX Texas 05/XX/2026 Cash Out Non-QM/Compliant 3 2 Credit Guidelines QTAOYLNKCMQ-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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%.

  QC Complete 08/12/2026     06/16/2026
745 XX XX   XX Texas 05/XX/2026 Cash Out Non-QM/Compliant 3 2 Credit Credit QTAOYLNKCMQ-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of the closing protection letter (CPL), as it is missing.
06/23/2026:  Resolved.  Received CPL
06/23/2026:  Resolved.  Received CPL 06/23/2026:  Resolved.  Received CPL     QC Complete 08/12/2026 08/12/2026 08/12/2026 06/17/2026
746 XX XX   XX Washington 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit 2Y1L5A1C1YF-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide a supporting document for considering P&I of $10,229.12 reflecting on 1008 & loan scorecard.
07/02/2026:  Resolved.  Received LOE stating loan is an ARM and the amount qualifying  P&I is based on the qulaifiying rate of 7.59
07/02/2026:  Resolved.  Received LOE stating loan is an ARM and the amount qualifying  P&I is based on the qulaifiying rate of 7.59 07/02/2026:  Resolved.  Received LOE stating loan is an ARM and the amount qualifying  P&I is based on the qulaifiying rate of 7.59     QC Complete 06/23/2026 07/02/2026 07/02/2026 06/22/2026
746 XX XX   XX Washington 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit 2Y1L5A1C1YF-UTM9VHCU Resolved 3 R * Final Application Incomplete (Lvl R) Provide an updated final 1003 with other income asset depletion $2,800.00 reflecting on it.
07/02/2006:  Resolved.  Received updated 1003
07/02/2006:  Resolved.  Received updated 1003 07/02/2006:  Resolved.  Received updated 1003     QC Complete 06/23/2026 07/02/2026 07/02/2026 06/22/2026
762 XX XX   XX North Carolina 06/XX/2026 Purchase Non-QM/Compliant 4 1 Compliance Compliance KG5DPZVNWTT-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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.
This loan is compliant with regulation 1026.35.
This loan is compliant with regulation 1026.35.
    QC Complete 06/23/2026 06/23/2026 06/23/2026 06/23/2026
762 XX XX   XX North Carolina 06/XX/2026 Purchase Non-QM/Compliant 4 1 Credit Assets Insufficient KG5DPZVNWTT-RDQHOAL4 Resolved 3 R * Assets are not sufficient to close (Lvl R) 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.
06/29/2029:  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.
07/02/2026:  Countered.  Will need to show proof of funds.
07/09/2026:  Resolved.  Received wire for $550,000.00
07/09/2026:  Resolved.  Received wire for $550,000.00 07/09/2026:  Resolved.  Received wire for $550,000.00     QC Complete 06/23/2026 07/09/2026 07/09/2026 06/22/2026
776 XX XX   XX New Jersey 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Credit I3EZLZFLLE5-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of updated hazard insurance with subject lender mortgage clause.

07/10/2026 Resolved : The copy of hazard insurance resolves the condition.
07/10/2026 Resolved : The copy of hazard insurance resolves the condition. 07/10/2026 Resolved : The copy of hazard insurance resolves the condition.     QC Complete 07/08/2026 07/10/2026 07/10/2026 07/08/2026
776 XX XX   XX New Jersey 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Doc Issue I3EZLZFLLE5-V7TJ126N Resolved 3 R * Amount of title insurance is less than mortgage amount (Lvl R) 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.
07/14/2026:  Resolved.  Received updated title.
07/14/2026:  Resolved.  Received updated title. 07/14/2026:  Resolved.  Received updated title.     QC Complete 07/08/2026 07/14/2026 07/14/2026 07/08/2026
778 XX XX   XX Arizona 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Credit WJ3B0IPQ2V0-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of tax document for the property "XX" as it is missing.
07/20/2026:  Resolved.  Received tax document
07/20/2026:  Resolved.  Received tax document 07/20/2026:  Resolved.  Received tax document     QC Complete 07/02/2026 07/20/2026 07/20/2026 07/01/2026
778 XX XX   XX Arizona 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit   WJ3B0IPQ2V0-QSFFZZOT Resolved 3 R * Hazard Insurance Coverage less than Loan Amount (Lvl R) Provide a copy of Replacement cost estimate. Amount of hazard insurance is not sufficient to cover the loan amount.
07/08/2026:  Countered.  Documnet provided is evidence of insurance.  A replacement cost estimator is needed to calculate additional coverage needed.

07/10/2026 Resolved : The copy of hazard insurance with replacement cost resolves the condition.
07/10/2026 Resolved : The copy of hazard insurance with replacement cost resolves the condition. 07/10/2026 Resolved : The copy of hazard insurance with replacement cost resolves the condition.     QC Complete 07/02/2026 07/10/2026 07/10/2026 07/01/2026
782 XX XX   XX Georgia 06/XX/2026 Cash Out Non-QM/Compliant 3 1 Credit Doc Issue XHASPCKKRZI-H3X4TJ0T Resolved 3 R * Missing Title evidence (Lvl R) Provide a copy of Title Report for subject property as it is missing.
06/25/2026:  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.
07/16/2026:  Resolved.  Received updated title.
07/16/2026:  Resolved.  Received updated title. 07/16/2026:  Resolved.  Received updated title.     QC Complete 06/22/2026 07/16/2026 07/16/2026 06/18/2026
785 XX XX   XX Michigan 06/XX/2026 Purchase Non-QM/Compliant 3 1 Credit Credit ITHBHERGE1G-U0OKEMMW Resolved 3 R * Required Documentation Missing or Incomplete  (Lvl R) Provide a copy of HOA or insurance for XX

07/10/2026 Resolved - The copy of HOA document resolves the condition.
07/10/2026 Resolved - The copy of HOA document resolves the condition. 07/10/2026 Resolved - The copy of HOA document resolves the condition.     QC Complete 07/08/2026 07/10/2026 07/10/2026 07/08/2026
799 XX XX   XX New York 07/XX/2026 Purchase Non-QM/Compliant 2 2 Credit Guidelines JXZLYKMEQ3X-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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.


  QC Complete 07/16/2026     07/16/2026
801 XX XX   XX Tennessee 05/XX/2026 Cash Out Non-QM/Compliant 3 2 Credit Credit 1LPQPK2SAI5-EDXGB1F3 Resolved 3 R * Required Documentation Missing (Lvl R) Provide an updated hazard insurance with mortgage clause "ISAOA/ATIMA" for the lender "XX".
07/08/2026:  Resolved.  Received updated HOI
07/08/2026:  Resolved.  Received updated HOI 07/08/2026:  Resolved.  Received updated HOI     QC Complete 06/23/2026 07/08/2026 07/08/2026 06/23/2026
801 XX XX   XX Tennessee 05/XX/2026 Cash Out Non-QM/Compliant 3 2 Credit Credit 1LPQPK2SAI5-UTM9VHCU Resolved 3 R * Final Application Incomplete (Lvl R) Provide an updated final 1003 with HOA fee reflecting on the lender loan information page.
6/30/2026:  Resolved:  Received updated 1003
6/30/2026:  Resolved:  Received updated 1003 6/30/2026:  Resolved:  Received updated 1003     QC Complete 06/23/2026 06/30/2026 06/30/2026 06/23/2026
801 XX XX   XX Tennessee 05/XX/2026 Cash Out Non-QM/Compliant 3 2 Credit Guidelines 1LPQPK2SAI5-J587LE2V Waived 2 W * Loan does not conform to program guidelines (Lvl W) 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%.
  QC Complete 06/23/2026     06/22/2026
812 XX XX   XX Georgia 06/XX/2026 Purchase Non-QM/Compliant 4 1 Compliance Compliance VZ5QMEWTRET-O5S9HFJ8 Resolved 4 R * Federal Higher Price Mortgage Loan (Lvl R) 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.
This loan is compliant with regulation 1026.35.
This loan is compliant with regulation 1026.35.
    QC Complete 06/23/2026 06/23/2026 06/23/2026 06/22/2026