|
Rating Agency Grades
|
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|
Run Date - 9/28/2026 3:20:51 PM
|
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|
LOAN INFORMATION
|
INITIAL CREDIT LOAN GRADES
|
INITIAL COMPLIANCE LOAN GRADES
|
INITIAL PROPERTY LOAN GRADES
|
INITIAL OVERALL LOAN GRADES
|
FINAL CREDIT LOAN GRADES
|
FINAL COMPLIANCE LOAN GRADES
|
FINAL PROPERTY LOAN GRADES
|
FINAL OVERALL LOAN GRADES
|
|||||||||||||||||||||||||||||||||||||
|
AMC Loan ID
|
Customer Loan ID
|
Seller Loan ID
|
Investor Loan Number
|
Deal Number
|
Original Loan Amount
|
MDBRS
|
Fitch
|
Kroll
|
Moody's
|
S&P
|
MDBRS
|
Fitch
|
Kroll
|
Moody's
|
S&P
|
MDBRS
|
Fitch
|
Kroll
|
Moody's
|
S&P
|
MDBRS
|
Fitch
|
Kroll
|
Moody's
|
S&P
|
MDBRS
|
Fitch
|
Kroll
|
Moody's
|
S&P
|
MDBRS
|
Fitch
|
Kroll
|
Moody's
|
S&P
|
MDBRS
|
Fitch
|
Kroll
|
Moody's
|
S&P
|
MDBRS
|
Fitch
|
Kroll
|
Moody's
|
S&P
|
|
XXXX
|
1
|
XXXX
|
C
|
C
|
C
|
C
|
CC
|
B
|
B
|
B
|
B
|
RB
|
A
|
A
|
A
|
A
|
VA
|
C
|
C
|
C
|
C
|
C
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
A
|
|||
|
XXXX
|
2
|
XXXX
|
C
|
C
|
C
|
C
|
C
|
C
|
C
|
C
|
C
|
C
|
A
|
A
|
A
|
A
|
A
|
C
|
C
|
C
|
C
|
C
|
A
|
A
|
A
|
A
|
A
|
B
|
B
|
B
|
B
|
B
|
A
|
A
|
A
|
A
|
A
|
B
|
B
|
B
|
B
|
B
|
|||
|
Exception Grades
|
||||
|
Run Date - 9/28/2026 3:20:51 PM
|
||||
|
[redacted] Loan ID
|
Customer Loan ID
|
Seller Loan ID
|
Investor Loan Number
|
Loan Exception ID
|
Exception ID
|
Exception Date
|
Exception Type
|
Exception Category
|
Exception Subcategory
|
15E Category
|
Exception
|
Exception Detail
|
Exception Information
|
Compensating Factors
|
Compensating Factor Information
|
Applying Party
|
Follow-up Comments
|
Cleared Date
|
Cured Date
|
Waived Date
|
Waived with Regrade
|
Exception Level Grade
|
DBRS Initial Exception Rating
|
DBRS Final Exception Rating
|
Fitch Initial Exception Rating
|
Fitch Final Exception Rating
|
Kroll Initial Exception Rating
|
Kroll Final Exception Rating
|
Moody's Initial Exception Rating
|
Moody's Final Exception Rating
|
S&P Initial Exception Rating
|
S&P Final Exception Rating
|
Note Date
|
Property State
|
Occupancy
|
Purpose
|
Exception Remediation
|
Overall
Initial Loan Grade |
Overall
Final Loan Grade |
Credit
Initial Loan Grade |
Credit
Final Loan Grade |
Compliance
Initial Loan Grade |
Compliance
Final Loan Grade |
Property
Initial Loan Grade |
Property
Final Loan Grade |
Originator QM ATR Status
|
TPR QM ATR Status
|
Is Curable
|
|
XXXX
|
1
|
XXXX
|
|
36464086
|
|
|
Credit
|
Missing Document
|
General
|
Missing Document
|
Missing Document: Wire Instructions not provided
|
|
The file was missing a copy of the lender's wiring instructions.
|
|
|
|
Reviewer Comment (2018-05-22): Seller provided a copy of the wiring instructions
|
XX/XX/XXXX
|
|
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
|
XX
|
Primary
|
Purchase
|
|
C
|
A
|
C
|
A
|
B
|
A
|
A
|
A
|
Safe Harbor QM
|
Safe Harbor QM
|
No
|
|
XXXX
|
1
|
XXXX
|
|
36464088
|
|
|
Credit
|
Loan Package Documentation
|
Application / Processing
|
Missing Document
|
Missing Document: Fraud Report not provided
|
|
The file was missing a copy of the required fraud report including all interested parties to the transaction. Provide a fraud report to include the borrowers,
seller, listing and selling agents, the appraiser, and the loan originator, as required by the guidelines.
|
|
|
|
Reviewer Comment (2018-05-22): Seller provided a fraud report including all interested parties.
|
XX/XX/XXXX
|
|
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
|
XX
|
Primary
|
Purchase
|
|
C
|
A
|
C
|
A
|
B
|
A
|
A
|
A
|
Safe Harbor QM
|
Safe Harbor QM
|
No
|
|
XXXX
|
1
|
XXXX
|
|
36464089
|
|
|
Compliance
|
Compliance
|
Federal Compliance
|
FACTA
|
FACTA Disclosure Missing
|
FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure.
|
The file is missing a copy of the FACTA Credit Score Disclosure.
|
|
|
|
Reviewer Comment (2018-05-22): Seller provided a copy of the disclosure.
|
XX/XX/XXXX
|
|
|
No
|
1
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
|
XX
|
Primary
|
Purchase
|
|
C
|
A
|
C
|
A
|
B
|
A
|
A
|
A
|
Safe Harbor QM
|
Safe Harbor QM
|
No
|
|
XXXX
|
1
|
XXXX
|
|
36464090
|
|
|
Compliance
|
Compliance
|
Federal Compliance
|
TRID
|
TRID Esign Consent Agreement Status
|
ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures.
|
The file is missing documentation verifying the borrowers consent to receive electronic documentation.
|
|
|
|
Reviewer Comment (2018-05-22): Seller provided documentation verifying the borrowers consent to receive electronic documentation.
|
XX/XX/XXXX
|
|
|
No
|
1
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
|
XX
|
Primary
|
Purchase
|
No Defined Cure
|
C
|
A
|
C
|
A
|
B
|
A
|
A
|
A
|
Safe Harbor QM
|
Safe Harbor QM
|
No
|
|
XXXX
|
1
|
XXXX
|
|
36464092
|
|
|
Compliance
|
Compliance
|
Federal Compliance
|
ECOA
|
ECOA Appraisal - Appraisal Provided Prior to Date Performed
|
ECOA Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine
compliance with appraisal timing requirements. (Type:[redacted]/[redacted])
|
The file contained documentation verifying the borrower received a copy of the appraisal on [redacted] which is prior to the revised appraisal date of
[redacted]. Provide documentation verifying the borrower received a copy of the updated appraisal.
|
|
|
|
Reviewer Comment (2018-05-28): Seller provided proof of the borrowers receipt of the updated appraisal.
|
XX/XX/XXXX
|
|
|
No
|
1
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
|
XX
|
Primary
|
Purchase
|
|
C
|
A
|
C
|
A
|
B
|
A
|
A
|
A
|
Safe Harbor QM
|
Safe Harbor QM
|
No
|
|
XXXX
|
1
|
XXXX
|
|
36464093
|
|
|
Compliance
|
Compliance
|
Federal Compliance
|
TRID
|
TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure
|
TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. (Final/[redacted])
|
TRID non-compliant. Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure. Seller's
CD shows [redacted] in seller paid closing costs, borrower's final CD shows [redacted]. Provide a post-close CD correcting the seller paid fees and a copy of the letter of explanation to the borrower disclosing the changes made.
|
|
|
|
Reviewer Comment (2018-05-21): Client elected to waive the condition
|
|
|
XX/XX/XXXX
|
No
|
2
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
B
|
A
|
|
XX
|
Primary
|
Purchase
|
Letter of Explanation & Corrected Closing Disclosure
|
C
|
A
|
C
|
A
|
B
|
A
|
A
|
A
|
Safe Harbor QM
|
Safe Harbor QM
|
No
|
|
XXXX
|
2
|
XXXX
|
|
37524941
|
|
|
Compliance
|
Compliance
|
Federal Compliance
|
TRID Defect
|
TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided
|
TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[redacted] exceeds tolerance of $[redacted].
$[redacted] over legal limit. Insufficient or no cure was provided to the borrower.
|
Appraisal Review Fee was not disclosed on the Loan Estimate but was disclosed as $[redacted] on the Final Closing Disclosure. No valid COC was provided for this
change, nor evidence of cure. Provide a post close CD disclosing the tolerance violation of $[redacted], a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made.
|
|
|
|
Reviewer Comment (2026-09-02): [redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD.
Buyer Comment (2026-09-01): Please see attahed, Cure packet for tolerance violation as requested. Reviewer Comment (2026-07-29): [redacted] Received rebuttal comments stating CDA fee charged due to [redacted] score; however, UCDP report is dated [redacted] and COC is dated [redacted] which is not within [redacted] days timeline. Provide additional details why fee was not charged within timeline or Cure is due. Cure Consist of PCCD, LOE, Refund Check and Proof of Mailing. Buyer Comment (2026-07-27): The desk review fee was required because the [redacted] score from the original appraisal. The score of [redacted] requires an additional review product. Reviewer Comment (2026-07-27): [redacted] received CD and COC dated [redacted] for adding desk review fee of $[redacted] due to investor requirement but the reason provided is not sufficient. More information is required if there is any change in investor or loan program from the initially locked loan on [redacted] as there are no evidence in file to validate the change. Please provide more information along with the supporting documents or cure would be required. Buyer Comment (2026-07-23): Please see attached documents. The CIC with the [redacted] CD where it was originally disclosed to the borrower. |
|
XX/XX/XXXX
|
|
No
|
2
|
C
|
B
|
C
|
B
|
C
|
B
|
C
|
B
|
C
|
B
|
|
XX
|
Primary
|
Purchase
|
Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD
|
C
|
B
|
C
|
A
|
C
|
B
|
A
|
A
|
Safe Harbor QM (APOR)
|
Safe Harbor QM (APOR)
|
No
|
|
XXXX
|
2
|
XXXX
|
|
37524943
|
|
|
Credit
|
Missing Document
|
General
|
Missing Document
|
Missing Document: HUD/CD (Asset) not provided
|
|
The file is missing the fully executed final Closing Statement for the sale of property on[redacted] to verify the total net equity received and that all liens
are paid and closed. Please provide for review.
|
|
|
|
Reviewer Comment (2026-07-22): Closing statement received. Exception cleared.
Buyer Comment (2026-07-22): Please see attached, settlement statement as requested. |
XX/XX/XXXX
|
|
|
No
|
1
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
C
|
A
|
|
XX
|
Primary
|
Purchase
|
|
C
|
B
|
C
|
A
|
C
|
B
|
A
|
A
|
Safe Harbor QM (APOR)
|
Safe Harbor QM (APOR)
|
No
|
|
Valuation Report
|
|||||
|
Run Date - 9/28/2026 3:20:51 PM
|
|||||
|
SitusAMC Loan ID
|
Customer Loan ID
|
Seller Loan ID
|
Investor Loan Number
|
Note Date
|
Original Loan Amount
|
Sales Price
|
Value for LTV
|
As-Is Value for LTV
|
LTV Value Variance Amount
|
LTV Value Variance Percent
|
Primary Valuation Value
|
Primary Valuation Report Date
|
Primary Valuation Effective Date
|
Primary Valuation Type
|
Primary Valuation Company
|
Primary Valuation Appraiser Name
|
Primary Valuation Appraiser License Num
|
Primary Valuation FSD Score
|
Secondary Valuation Value
|
Secondary Valuation Variance Amount
|
Secondary Valuation Variance Percent
|
Secondary Valuation Report Date
|
Secondary Valuation Effective Date
|
Secondary Valuation Type
|
Secondary Valuation Company
|
Secondary Valuation FSD Score
|
Secondary Valuation Desk Review Risk Score
|
AVM Value
|
AVM Variance Amount
|
AVM Variance Percent
|
AVM Company
|
AVM FSD Score
|
AVM Report Date
|
Desk Review Value
|
Desk Review Variance Amount
|
Desk Review Variance Percent
|
Desk Review Company
|
Desk Review Risk Score
|
Desk Review Report Date
|
Desk Review Effective Date
|
Desktop Appraisal Value
|
Desktop Appraisal Variance Amount
|
Desktop Appraisal Variance Percent
|
Desktop Appraisal Company
|
Desktop Appraisal Report Date
|
Desktop Appraisal Effective Date
|
BPO Value
|
BPO Variance Amount
|
BPO Variance Percent
|
BPO Company
|
BPO Report Date
|
Field Review Value
|
Field Review Variance Amount
|
Field Review Variance Percent
|
Field Review Company
|
Field Review Report Date
|
Field Review Effective Date
|
2055 Value
|
2055 Variance Amount
|
2055 Variance Percent
|
2055 Company
|
2055 Report Date
|
2055 Effective Date
|
AVE/CMA Value
|
AVE/CMA Variance Amount
|
AVE/CMA Variance Percent
|
AVE/CMA Company
|
AVE/CMA Report Date
|
Hybrid Valuation Value
|
Hybrid Valuation Variance Amount
|
Hybrid Valuation Variance Percent
|
Hybrid Valuation Company
|
Hybrid Valuation Report Date
|
Updated Valuation Value
|
Updated Valuation Variance Amount
|
Updated Valuation Variance Percent
|
Updated Valuation Company
|
Updated Valuation Report Date
|
Updated Valuation Effective Date
|
Aggregate Appraised Value
|
Aggregate Variance Amount
|
Aggregate Variance Percent
|
Value Analysis Valuation Value
|
Value Analysis Report Date
|
Is Eligible for Rep and Warrant Relief per Loan Collateral Advisor?
|
LCA Risk Score
|
Collateral Underwriter Risk Score
|
|
XXXX
|
1
|
XXXX
|
0.00%
|
Appraisal
|
0.000%
|
Low
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
XXXX
|
2
|
XXXX
|
0.00%
|
Appraisal
|
0.000%
|
Desk Review
|
Low
|
N/A
|
3.40
|
|
Supplemental Data
|
||||
|
Run Date - 9/28/2026 3:20:51 PM
|
||||