Loan Number

Seller Loan Number

Originator

Last Name

Note Date

Original Balance

State

TPR QM ATR Status

Loan Status

Exception Date

Remediation Status

Exception ID

Exception Type

Exception Category

Exceptions

Exception Rebuttal

Exception Rebuttal Date

Exception Rebuttal Response

Exception Rebuttal Response Date

Compensating Factors

Initial Overall Loan Grade

Final Overall Loan Grade

Initial Exception Grade

Final Exception Grade

Initial Credit Grade

Final Credit Grade

Initial Property Valuation Grade

Final Property Valuation Grade

Initial Compliance Grade

Final Compliance Grade

Initial Overall Grade (DBRS/Morningstar)

Initial Credit Grade (DBRS/Morningstar)

Initial Property Valuation Grade (DBRS/Morningstar)

Initial Compliance Grade (DBRS/Morningstar)

Initial Overall Grade (Fitch)

Initial Credit Grade (Fitch)

Initial Property Valuation Grade (Fitch)

Initial Compliance Grade (Fitch)

Initial Overall Grade (Kroll)

Initial Credit Grade (Kroll)

Initial Property Valuation Grade (Kroll)

Initial Compliance Grade (Kroll)

Initial Overall Grade (Moodys)

Initial Credit Grade (Moodys)

Initial Property Valuation Grade (Moodys)

Initial Compliance Grade (Moodys)

Initial Overall Grade (S&P)

Initial Credit Grade (S&P)

Initial Property Valuation Grade (S&P)

Initial Compliance Grade (S&P)

Final Overall Grade (DBRS/Morningstar)

Final Credit Grade (DBRS/Morningstar)

Final Property Grade (DBRS/Morningstar)

Final Compliance Grade (DBRS/Morningstar)

Final Overall Grade (Fitch)

Final Credit Grade (Fitch)

Final Property Grade (Fitch)

Final Compliance Grade (Fitch)

Final Overall Grade (Kroll)

Final Credit Grade (Kroll)

Final Property Grade (Kroll)

Final Compliance Grade (Kroll)

Final Overall Grade (Moodys)

Final Credit Grade (Moodys)

Final Property Grade (Moodys)

Final Compliance Grade (Moodys)

Final Overall Grade (S&P)

Final Credit Grade (S&P)

Final Property Grade (S&P)

Final Compliance Grade (S&P)

SEMT2026CD7001

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

03/19/2026

Resolved

FCRE1491

Credit

Asset Qualification Does Not Meet Guideline Requirements

Asset Qualification Does Not Meet Guideline Requirements Missing executed final settlement Statement or seller CD reflecting the property at XXX was sold. Per Final 1003, there are proceeds in the amount of XXX listed as assets. Please provide supporting evidence that the property at XXX was sold and the proceeds amount.

Final Settlement Statement for Sale of REO

04/21/2026

Lender provided the signed settlement Statement for the property at XXX. Net proceeds in the amount of $XXX. Condition cleared. ; Asset Qualification Meets Guideline Requirements.

04/22/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 80% Calculated LTV of 60% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80% Calculated CLTV of 60% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

A

C

A

D

A

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D

D

A

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D

D

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D

D

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D

D

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D

D

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A

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A

A

A

SEMT2026CD7001

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

03/19/2026

Resolved

FCRE1185

Credit

AUS Partially Provided

AUS Partially Provided Per AUS #XXX, the loan file is ineligible, due to the AUS reflects a DTI of XXX%. Please provide final AUS as the final DTI is XXX%.

Corrected AUS

04/09/2026

Lender provided the final AUS with a DTI of XXX%. Condition cleared. ; AUS is not incomplete.

04/10/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 60% is less than Guideline LTV of 80% Calculated LTV of 60% is less than Guideline LTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60% is less than Guideline CLTV of 80% Calculated CLTV of 60% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% Calculated DTI of XXX% is less than Guideline DTI of XXX%

D

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D

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D

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A

A

A

SEMT2026CD7003

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/10/2026

Resolved

FCOM8997

Compliance

No Compliance Findings

The loan is in compliance with all applicable laws and regulations.

Informational

04/13/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 79.99% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.99% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.

A

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SEMT2026CD7003

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/10/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational

04/13/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 79.99% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.99% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.

A

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SEMT2026CD7003

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/10/2026

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan.

Informational

04/13/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 79.99% is less than Guideline LTV of 89.99% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 79.99% is less than Guideline CLTV of 89.99% | Borrower has stable job time - Borrower has XXX years on job.

A

A

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A

SEMT2026CD7005

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/14/2026

Resolved

FCRE1148

Credit

Title Coverage is Less than Subject Lien

Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX Title Coverage Amount of XXX is Less than Total Amount of Subject Lien XXX

.

05/05/2026

Lender provided the title update/supplement showing sufficient coverage. Condition cleared. ; Title Coverage Amount of XXX is equal to or greater than Total Amount of Subject Lien XXX

05/06/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. Borrower has XXX years on job.

C

B

B

A

C

A

C

A

C

B

C

C

C

C

C

C

C

C

C

C

C

C

C

C

C

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C

C

C

C

B

A

A

B

B

A

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B

B

A

A

B

B

A

A

B

B

A

A

B

SEMT2026CD7005

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/15/2026

Cured

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery. The zero tolerance violation in the amount of XXX is due to increase from XXX to XXX for the Appraisal Re-Inspection Fee. Post Consummation COCs are not permitted, a tolerance cure is required.

See attached refund check, proof of delivery, LOX, and PCCD.

05/05/2026

Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B

05/05/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. Borrower has XXX years on job.

C

B

C

B

C

A

C

A

C

B

C

C

C

C

C

C

C

C

C

C

C

C

C

C

C

C

C

C

C

C

B

A

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B

B

A

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B

B

A

A

B

B

A

A

B

B

A

A

B

SEMT2026CD7005

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/14/2026

Resolved

FCRE5774

Credit

Borrower 1 Credit Report is Incomplete

Borrower 1 Credit Report is Partially Present. Missing property profile report reflecting the property at XXX is owned free and clear. Missing current HOA Statement for the property at XXX XXX. Note: The HOA Statement in file is dated XX/XX/XXXX, which is not acceptable. Please provide current HOA Statement for the property at XXX.

This was the lien that was paid off at closing. Our construction loan was cross collateralized with both properties, subject property and XXX. You can see that on the construction note. ; See attached

05/04/2026

Upon further review, the lien that was paid off at closing. The construction loan was cross collateralized with both properties, subject property and XXX. The address is listed on the construction note. Condition cleared. ; Borrower 1 Credit Report is not partially present.; Lender provided the property profile report and HOA for XXX XXX. The property profile shows a 1st Lien in the amount of $XXX. Please provide evidence this was paid, or provide the Mortgage Statement, revised AUS/XXX/1003. Condition retained.

05/05/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. Borrower has XXX years on job.

C

B

C

A

C

A

C

A

C

B

C

C

C

C

C

C

C

C

C

C

C

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C

C

C

C

C

C

C

C

B

A

A

B

B

A

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B

B

A

A

B

B

A

A

B

B

A

A

B

SEMT2026CD7005

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/14/2026

Resolved

FVAL9739

Property

Property/Appraisal General

Property/Appraisal guideline violation: Missing CDA.

Hello, | | Can I get more information on what you are needing? We did get two appraisals. When looking at the guides it isn’t very clear on how the CDA would be required for this specific loan going off the variances between the appraisals. Then, if we did a CDA, which appraisal would we do the CDA on?

04/20/2026

Desk review provided, value supported. Condition cleared.; Escalated to Mgmt for review.

04/28/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job. Borrower has XXX years on job.

C

B

C

A

C

A

C

A

C

B

C

C

C

C

C

C

C

C

C

C

C

C

C

C

C

C

C

C

C

C

B

A

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B

B

A

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B

A

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B

B

A

A

B

B

A

A

B

SEMT2026CD7007

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/14/2026

Resolved

FVAL9739

Property

Property/Appraisal General

Property/Appraisal guideline violation: Missing CDA. Please provide CDA.

CDA

04/15/2026

Third party valuation provided within tolerance. Condition cleared. ; Property/Appraisal Meets Guidelines

04/16/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 60.96% is less than Guideline LTV of 80% Calculated LTV of 60.96% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.96% is less than Guideline CLTV of 80% Calculated CLTV of 60.96% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

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SEMT2026CD7007

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/14/2026

Resolved

FCOM1233

Credit

The Final 1003 is Incomplete

The Final 1003 is Incomplete. Missing page XXX of the Final 1003.

complete Final URLA

04/15/2026

Lender provided the complete Final 1003. Condition cleared.

04/16/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 60.96% is less than Guideline LTV of 80% Calculated LTV of 60.96% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.96% is less than Guideline CLTV of 80% Calculated CLTV of 60.96% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

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D

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C

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SEMT2026CD7007

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/14/2026

Resolved

FCRE5774

Credit

Borrower 1 Credit Report is Incomplete

Borrower 1 Credit Report is Partially Present. Missing insurance policy for the property at XXX. Please provide insurance policy for the property at XXX.

escrows for taxes and insurance is XXX (prop taxes $XXX) which leaves XXX for insurance)

04/15/2026

Lender provided the tax Cert. Escrows for taxes and insurance is XXX (prop taxes $XXX) which leaves XXX for insurance). Condition cleared.

04/16/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 60.96% is less than Guideline LTV of 80% Calculated LTV of 60.96% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 60.96% is less than Guideline CLTV of 80% Calculated CLTV of 60.96% is less than Guideline CLTV of 80% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

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SEMT2026CD7009

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

A

A

A

A

A

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SEMT2026CD7011

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/16/2026

Resolved

FVAL9739

Property

Property/Appraisal General

Property/Appraisal guideline violation: Missing CDA. Please provide CDA.

We have two appraisals on this loan, and both support the value. Usually when we have two full appraisals CDA is not required. | | ; Hi, We have two appraisals on this loan, and both support the value. Usually when we have two full appraisals CDA is not required. In addition, The CDA was not as a condition on the initial review (See Attached).

04/22/2026

Desk review received, value supported. Condition cleared.; CDA has been ordered. Will update once received. ; Escalated to Mgmt for review.

04/28/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80% Calculated CLTV of 70% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% Calculated LTV of 70% is less than Guideline LTV of 80%

C

A

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SEMT2026CD7013

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/17/2026

Resolved

finding-3532

Compliance

Initial Closing Disclosure Delivery Date Test

This loan failed the initial closing disclosure delivery date test due to one of the following findings:(12 CFR §1026.19(f)(1)(ii) he initial closing disclosure delivery date is provided and the initial closing disclosure method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the initial closing disclosure delivery date is less than six business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the initial closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe initial closing disclosure receipt date is provided and the initial closing disclosure receipt date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transactionThe creditor shall ensure that the consumer receives the disclosures required under paragraph §1026.19(f)(1)(i) no later than three business days before consummation. The initial CD is missing from the loan file. The earliest CD in the file is dated XX/XX/XXXX and signed at consummation. The violation can be cured by providing the initial CD as well as evidence showing that is was received by the consumer XXX business days prior to consummation on XX/XX/XXXX.

attached

04/17/2026

Initial CD provided; exception resolved; Initial CD provided; exception resolved

04/20/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

C

A

C

A

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A

SEMT2026CD7013

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/15/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA review completed, no Level XXX findings noted, condition cleared.; HMDA Data Tape Provided.

04/20/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

C

A

C

A

A

A

C

A

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

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C

C

A

C

A

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A

A

A

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A

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A

A

A

A

SEMT2026CD7015

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/17/2026

Resolved

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX: cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery. The exception is tied to the missing Initial LE issued within XXX business days of the application date of XX/XX/XXXX, as the earliest available LE is dated XX/XX/XXXX. Please provide the initial LE issued within XXX business days of the application date of XX/XX/XXXX. Additional testing will be completed, once the initial LE is provided.

Please see uploaded document. Initial LE as requested

04/20/2026

Initial LE provided; exception resolved; Initial LE provided; exception resolved

04/22/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

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A

D

A

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D

D

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D

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D

D

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SEMT2026CD7015

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/17/2026

Resolved

finding-3635

Compliance

Charges That In Total Cannot Increase More Than 10% Test

This loan failed the charges that in total cannot increase more than XXX% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than XXX% XXX exceed the comparable charges XXX by more than XXX% Please see the table that displays the Charges That Cannot Increase More Than XXX% for a comparison of the data between the provided disclosures n estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than XXX percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). TILA 130b Cure Required. Refund in the amount of $XXX: cure package requires a PCCD, LOE, Copy of Refund Check, and proof of delivery. The exception is tied to the missing Initial LE issued within XXX business days of the application date of XX/XX/XXXX, as the earliest available LE is dated XX/XX/XXXX. Please provide the initial LE issued within XXX business days of the application date of XX/XX/XXXX. Additional testing will be completed, once the initial LE is provided.

Please see uploaded document. Initial LE as requested

04/20/2026

Initial LE provided; exception resolved; Initial LE provided; exception resolved

04/22/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

C

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D

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D

D

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D

D

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D

D

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D

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D

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SEMT2026CD7015

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/17/2026

Resolved

finding-3515

Compliance

Initial Loan Estimate Delivery Date Test (from application)

This loan failed the initial loan estimate delivery date test (from application) due to one of the following: (12 CFR §1026.19(e)(1)(iii)(A) he initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application herefore, if additional disclosures are entered into ComplianceAnalyzer, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be XXX regardless of the actual values on the disclosure his calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §XXX(a)(XXX) and as it relates to §1026.19(e)(1)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:As not being open on SundayAs not being open on SaturdayPLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, ComplianceAnalyzer calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict he creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application. Documentation required to clear exception - The Initial Loan Estimated dates XX/XX/XXXX (per Evidentiary Document) is missing from the loan file. The earliest Loan Estimate in the loan file is dated XX/XX/XXXX. The violation can be cured by providing the initial Loan Estimate issued within XXX days of the application date XX/XX/XXXX

Document Uploaded. Please see uploaded document. Initial LE as requested

04/20/2026

Initial LE provided; exception resolved; Initial LE provided; exception resolved

04/22/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

C

A

D

A

A

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C

A

D

D

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D

D

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C

D

D

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D

D

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D

D

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C

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SEMT2026CD7015

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/16/2026

Resolved

FCOM3813

Credit

PurXXX Contract does not Match Final CD

The final CD does not reflect the correct sales price when compared to the XXX Contract. Truth in Lending Act (Regulation Z) 12 CFR 1026.38(a)(3)(vii) The sales price of the subject property was reduced to $X,XXX from XXX due to the interested party contributions exceeding the closing costs. Per the final CD, the subject loan transaction's the closing costs is XXX and seller credit is XXX The difference is $XXX. The subject property sales price is XXX when subtracting the difference, the sales price was reduced to $XXX.

Please see page XXX of the loan file. The seller paid fees are itemized and do not exceed the closing costs.

04/20/2026

The sales price on the XXX Contract and Final CD match. Confirmed the seller paid fees were itemized and do not exceed the closing costs. Updated the sales price; LTV/CLTV are within guideline requirements.

04/21/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

C

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D

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D

D

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D

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SEMT2026CD7015

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/16/2026

Resolved

FCRE1187

Credit

Audited LTV Exceeds AUS LTV

Audited LTV of 80.18% exceeds AUS CLTV of 80% The sales price of the subject property was reduced to XXX from XXX due to the interested party contributions exceeding the closing costs, which increased the LTV to XXX% Per the final CD, the subject loan transaction's the closing costs is XXX and seller credit is XXX The difference is $XXX. The subject property sales price is XXX when subtracting the difference the sales price was reduced to $XXX.

Please see page XXX of the loan file. The seller paid fees are itemized and do not exceed the closing costs.

04/20/2026

Audited LTV of 80% is less than or equal to AUS CLTV of 80%. Confirmed the seller paid fees were itemized and do not exceed the closing costs. Updated the sales price; LTV/CLTV are within guideline requirements.

04/21/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

C

A

D

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D

D

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SEMT2026CD7015

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/16/2026

Resolved

FCRE1189

Credit

Audited HCLTV Exceeds AUS HCLTV

Audited HCLTV of 80.18% exceeds AUS HCLTV of 80% The sales price of the subject property was reduced to XXX from XXX due to the interested party contributions exceeding the closing costs, which increased the HCLTV to XXX% Per the final CD, the subject loan transaction's the closing costs is XXX and seller credit is XXX The difference is $XXX. The subject property sales price is XXX when subtracting the difference the sales price was reduced to $XXX.

Please see page XXX of the loan file. The seller paid fees are itemized and do not exceed the closing costs.

04/20/2026

Audited HCLTV of 80% is less than or equal to AUS HCLTV of 80%. Confirmed the seller paid fees were itemized and do not exceed the closing costs. Updated the sales price; LTV/CLTV are within guideline requirements.

04/21/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

C

A

D

A

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C

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D

D

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D

D

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D

D

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D

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D

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SEMT2026CD7015

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/16/2026

Resolved

FCRE1188

Credit

Audited CLTV Exceeds AUS CLTV

Audited CLTV of 80.18% exceeds AUS CLTV of 80% The sales price of the subject property was reduced to XXX from XXX due to the interested party contributions exceeding the closing costs, which increased the CLTV to XXX% Per the final CD, the subject loan transaction's the closing costs is XXX and seller credit is XXX The difference is $XXX. The subject property sales price is XXX when subtracting the difference the sales price was reduced to $XXX.

Please see page XXX of the loan file. The seller paid fees are itemized and do not exceed the closing costs.

04/20/2026

Audited CLTV of 80% is less than or equal to AUS CLTV of 80%. Confirmed the seller paid fees were itemized and do not exceed the closing costs. Updated the sales price; LTV/CLTV are within guideline requirements.

04/21/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

C

A

D

A

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D

D

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D

D

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D

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SEMT2026CD7015

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/16/2026

Resolved

FCRE1440

Credit

Housing History Does Not Meet Guideline Requirements

Housing History Does Not Meet Guideline Requirements The loan file did not contain mortgage verification documents for the primary residence's 1st lien, located at XXX. Please provide mortgage payment housing history verification documents for the 1st lien of the primary residence for the borrowers.

Mortgage history found on the newly uploaded credit report

04/20/2026

Housing History Meets Guideline Requirements. Credit Report was provided.

04/20/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

C

A

D

A

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D

D

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D

D

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D

D

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D

D

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D

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SEMT2026CD7015

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/15/2026

Resolved

FCRE5771

Credit

Borrower 2 Credit Report is Missing

Borrower 2 Credit Report is Missing. The loan file was missing the credit report for B1 and B2. Please provide.

Please see attached, Credit report as requested.

04/20/2026

Borrower 2 Credit Report is not missing. Credit Report was provided.

04/20/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

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D

D

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C

A

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A

SEMT2026CD7015

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/15/2026

Resolved

FCRE5770

Credit

Borrower 1 Credit Report is Missing

Borrower 1 Credit Report is Missing. The loan file was missing the credit report for B1 and B2. Please provide.

Document Uploaded. Please see attached, Credit report as requested.

04/20/2026

Borrower 1 Credit Report is not missing. Credit Report was provided.

04/20/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

D

A

D

A

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

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C

D

D

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C

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A

A

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A

A

A

SEMT2026CD7015

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/16/2026

Resolved

FPRO8998

Property

No Property Findings

Property and valuations related findings were not identified on the loan. Property and valuations related findings were not identified on the loan.

Informational

04/17/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job.

D

A

A

A

D

A

A

A

C

A

D

D

A

C

D

D

A

C

D

D

A

C

D

D

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C

D

D

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C

A

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A

SEMT2026CD7017

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/17/2026

Cured

finding-3634

Compliance

Charges That Cannot Increase Test

This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i) ne or more of the final charges exceed the comparable amount. Your total tolerance violation is $XXX lease see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures n estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). TILA 130b Cure Required. Refund in the amount of $XXX; cure package requires a PCCD, LOE, Copy of Refund Check, and Proof of Delivery or Valid COC. The zero tolerance violation in the amount of XXX is due to the addition of the 2nd appraisal fee of XXX on CD XX/XX/XXXX. COC in file dated XX/XX/XXXX references the addition of the 2nd appraisal fee but does not provide a reason it was added.

Uploaded copy of refund ck for XXX LOE to borrower, PCCD, and a copy of the XXX label where we sent out

05/04/2026

Cure package provided to the borrower; exception downgraded to a 2/B; Cure package provided to the borrower; exception downgraded to a 2/B

05/05/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

B

C

A

A

A

C

B

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

B

A

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B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

SEMT2026CD7017

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/17/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA review completed, no Level XXX findings noted, condition cleared. ; HMDA Data Tape Provided.

04/22/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

C

A

C

A

A

A

C

B

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

B

A

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B

B

A

A

B

B

A

A

B

B

A

A

B

B

A

A

B

SEMT2026CD7017

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/17/2026

Resolved

FCOM9186

Compliance

eSigned Documents Consent is Missing

The eSigned consent disclosure is missing. Documentation required. 1st e-signed document in the file is dated XX/XX/XXXX, however missing proof of e-consent dated XX/XX/XXXX or before.

See pg XXX of XXX report for e-consent.

04/21/2026

E consent provided, exception resolved; Evidence of eConsent is provided.

04/21/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

B

B

A

C

A

A

A

C

B

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

B

A

A

B

B

A

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B

B

A

A

B

B

A

A

B

B

A

A

B

SEMT2026CD7019

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/17/2026

Resolved

FCOM1234

Credit

The Final 1003 is Not Executed

The Final 1003 is Not Executed. Missing the final signed 1003 application.

attached

04/22/2026

Lender provided the signed Final 1003. Condition cleared.; The Final 1003 is Not Executed.

04/22/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

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D

D

A

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D

D

A

A

D

D

A

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D

D

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D

D

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A

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A

A

A

A

SEMT2026CD7019

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/17/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply. Loan is pending HMDA data review. Additional conditions may apply.

HMDA review completed, no Level XXX findings noted, condition cleared.; HMDA Data Tape Provided.

04/22/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

A

A

A

A

D

D

A

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D

D

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D

D

A

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D

D

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D

D

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A

A

SEMT2026CD7021

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/17/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared ; HMDA Data Tape Provided.

04/22/2026

Borrower has stable job time - Borrower has XXX years on job. | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 50% is less than Guideline CLTV of 75% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original LTV is Below the Guideline Maximum - Calculated LTV of 50% is less than Guideline LTV of 75% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

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C

C

A

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C

C

A

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A

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A

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A

SEMT2026CD7023

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/28/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Please advise if there is any items needed to clear this condition. Thank you.

04/30/2026

Information Only. Condition cleared.

05/01/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

A

A

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

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C

C

A

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A

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A

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A

A

A

A

A

A

A

SEMT2026CD7023

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/27/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA Data Tape Provided.

04/28/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7025

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/28/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared ; HMDA Data Tape Provided.

05/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7027

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/29/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared ; HMDA Data Tape Provided.

05/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58.63% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 58.63% is less than Guideline LTV of 80%

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7029

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/30/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared ; HMDA Data Tape Provided.

05/04/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7031

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/01/2026

Resolved

FCRE8999

Credit

No Credit Findings

The loan meets all applicable credit guidelines.

Informational Only

05/07/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 58% is less than Guideline LTV of 80% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 58% is less than Guideline CLTV of 80% | Borrower has stable job time - Borrower has XXX years on job.

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7033

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/30/2026

Resolved

FPRO1136

Property

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

Primary Value Subject Property Appraisal is not on an As-Is Basis 1004D Missing in this file.

1004d

05/11/2026

Lender provided the 1004D. No outstanding issues noted. Condition cleared. ; Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable

05/11/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

C

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7033

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/30/2026

Resolved

FPRO1140

Property

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

Secondary Value for Subject Property Appraisal is not on an As-Is Basis 1004D Missing for he second apprasial.

Lender provided the 1004D. No outstanding issues noted. Condition cleared.; Secondary Value for Subject Property Appraisal is completed on an As-Is Basis or Not Applicable

05/11/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

C

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7033

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

04/30/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared; HMDA Data Tape Provided.

05/06/2026

Original CLTV is Below the Guideline Maximum - Calculated CLTV of 65% is less than Guideline CLTV of 75% | Original LTV is Below the Guideline Maximum - Calculated LTV of 65% is less than Guideline LTV of 75% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

C

A

C

A

C

A

A

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

C

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7035

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/01/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared; HMDA Data Tape Provided.

05/06/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

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C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7037

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/04/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply. Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared; HMDA Data Tape Provided.

05/11/2026

Original LTV is Below the Guideline Maximum - Calculated LTV of 64.92% is less than Guideline LTV of 80% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 64.92% is less than Guideline CLTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX%

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

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C

C

A

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A

A

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A

A

A

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A

A

A

A

A

A

A

A

SEMT2026CD7039

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/04/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply. Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared ; HMDA Data Tape Provided.

05/11/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

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D

D

A

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D

D

A

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D

D

A

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A

A

SEMT2026CD7039

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/05/2026

Resolved

FCRE7497

Credit

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Missing proof of HOA or letter from the borrower stating no HOA for the property at XXX.

HOA XXX per month

05/07/2026

Documentation is sufficient. HOA document provided. Exception resolved.

05/08/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

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D

D

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D

D

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A

A

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A

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A

A

SEMT2026CD7041

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/05/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared; HMDA Data Tape Provided.

05/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original LTV is Below the Guideline Maximum - Calculated LTV of 70% is less than Guideline LTV of 80% | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 70% is less than Guideline CLTV of 80%

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

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C

C

A

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C

C

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C

C

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A

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A

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A

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A

A

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A

A

A

A

A

A

A

SEMT2026CD7043

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/05/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared ; HMDA Data Tape Provided.

05/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

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C

C

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C

C

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A

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A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7045

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/06/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared ; HMDA Data Tape Provided.

05/11/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7047

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

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A

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A

A

A

A

SEMT2026CD7049

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/07/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply. Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared ; HMDA Data Tape Provided.

05/11/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% Calculated DTI of XXX% is less than Guideline DTI of XXX% | Borrower has stable job time - Borrower has XXX years on job. Borrower has XXX years on job.

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

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A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7051

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/07/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared ; HMDA Data Tape Provided.

05/11/2026

Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Borrower has stable job time - Borrower has XXX years on job.

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7053

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/07/2026

Resolved

FCRE7497

Credit

Missing verification of taxes, insurance, and/or HOA fees for non-subject property

Missing proof of Hazard insurance and HOA for the property at XXX. Additional conditions may apply.

sorry- your original cond said you were missing proof of hazard ins and HOA. ; taxes & HOA

05/15/2026

Lender provided evidence of the Tax, Insurance and HOA for XXX. Condition cleared. ; Lender provided evidence of the insurance and HOA for XXX. Please provide the tax bill or property profile. (Mortgage is not escrowed). Condition retained.

05/18/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7053

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/07/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA review completed, no Level XXX findings noted, condition cleared. ; HMDA Data Tape Provided.

05/13/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying DTI below max allowed. - Calculated DTI of XXX% is less than Guideline DTI of XXX% | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7055

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/08/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA review completed, no Level XXX findings noted, condition cleared. ; HMDA Data Tape Provided.

05/13/2026

Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX | Original CLTV is Below the Guideline Maximum - Calculated CLTV of 44.44% is less than Guideline CLTV of 80% | Original LTV is Below the Guideline Maximum - Calculated LTV of 44.44% is less than Guideline LTV of 80%

C

A

C

A

C

A

A

A

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

C

C

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7057

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/12/2026

Resolved

FCOM1221

Credit

The Deed of Trust is Incomplete

The Deed of Trust is Incomplete Missing the Proprietary Lease agreement and the Stock Certificate.

Lease & Stock

05/13/2026

Lender provided the signed and notarized Proprietary Lease agreement and the Stock Certificate. Condition cleared. ; The Deed of Trust is Present and Complete

05/14/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

D

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

SEMT2026CD7057

XXX

XXXXX

XX/XX/XXXX

$XXXXXX

XXX

QM: Safe Harbor APOR (APOR SH)

Loan Review Complete

05/08/2026

Resolved

FCRE3606

Credit

HMDA Data Tape Not Provided

Loan is pending HMDA data review. Additional conditions may apply.

HMDA received - no level XXX discrepancies - condition cleared; HMDA Data Tape Provided.

05/13/2026

Borrower has stable job time - Borrower has XXX years on job. | Qualifying FICO is Greater than the Guideline Minimum - Qualifying FICO of XXX is greater than Guideline minimum FICO of XXX

D

A

C

A

D

A

A

A

A

A

D

D

A

A

D

D

A

A

D

D

A

A

D

D

A