Exhibit 99.2 - Schedule 3
Visio 2026-2 Rebuttal Findings_Redacted
Seller:
Deal ID:
Total Loan Count: 6
| Loans by Grade in Population | Trade Summary | ||||||||||||||||||||||||
| Loan Grade | Count | Percentage | Loan Status | Count | Percentage | ||||||||||||||||||||
| 1 | 6 | 100.00% | Review Complete | 6 | 100.00% | ||||||||||||||||||||
| |
|||||||||||||||||||||||||
| |
|||||||||||||||||||||||||
| Finding Status | Final Finding Grade | ||||||||||||||||||||||||
| Initial Findings Grade | Count | Rebuttal Received | Responses Given | Open | Resolved | UpHeld | Void | 3 | 4 | 2 | 1 | ||||||||||||||
| 1 | 18 | 0 | 0 | 18 | 0 | 0 | 0 | 0 | 0 | 0 | 18 | ||||||||||||||
| Initial Finding Grade | Final Finding Grade | ||||||||||||||||||||||||
| Exceptions | Count | 3 | 4 | 2 | 3 | 4 | 2 | ||||||||||||||||||
| Loan Number | Loan ID | Last Name | Note Date | Original Loan Amount | QM Status | ATR Status | Compliance Exceptions | Credit Exceptions | Property Valuation Exceptions | Compensating Factors | Initial Rating | Final Rating | Initial Credit Rating | Final Credit Rating | Initial Compliance Rating | Final Compliance Rating | Initial Property Valuation Rating | Final Property Valuation Rating | Initial Overall Grade(Moody's) | Final Overall Grade(Moody's) | Initial Credit Grade (Moody's) | Final Credit Grade (Moody's) | Initial Property Valuation Grade (Moody's) | Final Property Valuation Grade (Moody's) | Initial Compliance Grade (Moody's) | Final Compliance Grade (Moody's) | Initial Overall Grade (S&P) | Final Overall Grade (S&P) | Initial Credit Grade (S&P) | Final Credit Grade (S&P) | Initial Property Valuation Grade (S&P) | Final Property Valuation Grade (S&P) | Initial Compliance Grade (S&P) | Final Compliance Grade (S&P) | Initial Overall Grade (Fitch) | Final Overall Grade (Fitch) | Initial Credit Grade (Fitch) | Final Credit Grade (Fitch) | Initial Property Valuation Grade (Fitch) | Final Property Valuation Grade (Fitch) | Initial Compliance Grade (Fitch) | Final Compliance Grade (Fitch) | Initial Overall Loan Grade (DBRS Morningstar) | Final Overall Loan Grade (DBRS Morningstar) | Initial Credit Grade (DBRS Morningstar) | Final Credit Grade (DBRS Morningstar) | Initial Property Valuation Grade (DBRS Morningstar) | Final Property Valuation Grade (DBRS Morningstar) | Initial Compliance Grade(DBRS Morningstar) | Final Compliance Grade(DBRS Morningstar) | Initial Overall Loan Grade (KBRA) | Final Overall Loan Grade (KBRA) | Initial Credit Grade (KBRA) | Final Credit Grade (KBRA) | Initial Property Valuation Grade (KBRA) | Final Property Valuation Grade (KBRA) | Initial Compliance Grade(KBRA) | Final Compliance Grade(KBRA) |
| XXXX | VISIO202620499 | XXXX | XXXX | XXXX | QM Exempt | ATR Exempt | (Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations. |
(Clear) No Credit Findings- The loan meets all applicable credit guidelines. |
(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA which supports the opinion of value in the origination appraisal report. |
1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| XXXX | VISIO202620501 | XXXX | XXXX | XXXX | QM Exempt | ATR Exempt | (Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations. |
(Clear) No Credit Findings- The loan meets all applicable credit guidelines. |
(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. |
1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| XXXX | VISIO202620504 | XXXX | XXXX | XXXX | QM Exempt | ATR Exempt | (Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations. |
(Clear) No Credit Findings- The loan meets all applicable credit guidelines. |
(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA which supports the opinion of value in the origination report. |
1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| XXXX | VISIO202620503 | XXXX | XXXX | XXXX | QM Exempt | ATR Exempt | (Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations. |
(Clear) No Credit Findings- The loan meets all applicable credit guidelines. |
(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA which supports the opinion of value in the origination appraisal report. |
1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| XXXX | VISIO202620500 | XXXX | XXXX | XXXX | QM Exempt | ATR Exempt | (Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations. |
(Clear) No Credit Findings- The loan meets all applicable credit guidelines. |
(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA which supports the opinion of value in the origination appraisal report. |
1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | |
| XXXX | VISIO202620497 | XXXX | XXXX | XXXX | QM Exempt | ATR Exempt | (Clear) No Compliance Findings- The loan is in compliance with all applicable laws and regulations. |
(Clear) No Credit Findings- The loan meets all applicable credit guidelines. |
(Clear) Appraisal - Value is supported within 10% of original appraisal amount- The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. |
1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A |
| Loan Number | Loan ID | Finding # | Last Name | Note Date | Audit Category | Audit Issue | Finding ID | Exception Finding | Remediation Status | Responsible Party | Exception Rebuttal | Exception Response | Status Comment | Compensating Factors | Initial Findings Grade | Final Findings Grade | Initial Loan Grade | Final Loan Grade |
| XXXX | VISIO202620499 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | 22661412 | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620499 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | 22661587 | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620499 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | 22661586 | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA which supports the opinion of value in the origination appraisal report. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620500 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | 22946737 | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620500 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | 22948503 | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620500 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | 22948488 | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA which supports the opinion of value in the origination appraisal report. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620501 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | 22921244 | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620501 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | 22921466 | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620501 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | 22921467 | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620503 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | 22939523 | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620503 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | 22939936 | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620503 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | 22939931 | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA which supports the opinion of value in the origination appraisal report. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620497 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | 22968241 | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620497 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | 22968333 | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620497 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | 22968334 | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620504 | 1 of 3 | XXXX | XXXX | Compliance | No Compliance Findings | 22932938 | The loan is in compliance with all applicable laws and regulations. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620504 | 2 of 3 | XXXX | XXXX | Credit | No Credit Findings | 22933358 | The loan meets all applicable credit guidelines. | Not Applicable | 1 | 1 | 1 | 1 | |||||
| XXXX | VISIO202620504 | 3 of 3 | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | 22933357 | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA which supports the opinion of value in the origination report. | Not Applicable | 1 | 1 | 1 | 1 |