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| Exception Detail | ||||||||||||||||||||||||||||||||||
| Run Date - 09/02/2026 9:12:27 AM | ||||||||||||||||||||||||||||||||||
| Evolve Loan ID | Customer Loan ID | Seller Loan ID | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | Exception | Exception Detail | Exception Information | Exception Remediation | Compensating Factors | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Exception Level Grade | Exception Level Rating | Note Date | Property State | Occupancy | Purpose | 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 |
| XXXXXXXXXX | 4000095115 | XXXXXXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | XXXXXXXXXX are a XXXXX time XXXXXXXXXXX XXXXXX short term rents which are not allowed for XXXXX time XXXXXXXXXXX | Client XXXXXXX with XXXXXXXXXXXXX XXXXXXXXX XX months reserves are required. XXXXXXXXXX have XXXXXXX mo reserves. XXXXXXXX owner occupied mortgage history is XXXXXXXXXX XXXXXXXX program score is XXXXXX XXXXXXXXXX qualifying score is XXXXX | 10/06/2025 | B | 2 | XXXXXXXXXX | WA | 3 | 1 | D | B | D | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXXX | 4000095115 | XXXXXXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Other income documentation missing/incomplete | XXX per the XXXXXXXXXXXX analysis and final approval, the subject is going to be used for a short term rental. XXXXXX is a XXXXX (single family comparable rent schedule) which lists a rent like someone would be occupying it on a monthly basis. XXXXX to know what the short term rent will be. | Exception approval received to use XXXXX rental income instead of short term rental. XXXXXXXXXXXXX XXXXXXXXX XX months reserves are required. XXXXXXXXXX have XXXXXXX mo reserves. XXXXXXXX owner occupied mortgage history is XXXXXXXXXX XXXXXXXX program score is XXXXXX XXXXXXXXXX qualifying score is XXXXX | 10/08/2025 | B | 2 | XXXXXXXXXX | WA | 3 | 1 | D | B | D | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXXX | 4000101011 | XXXXXXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX borrower's credit report is missing from the loan file. XXXX credit review is on hold until documents are received. | Credit report received | 11/07/2025 | A | 1 | XXXXXXXXXX | MA | 3 | 13 | A | A | A | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXXX | 4000105670 | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | Closing Package | Closing Package - IEADS Initial Escrow Account Disclosure Missing or Incorrect | The XXXXXX is missing from file. | 02/04/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 3 | B | A | B | A | A | A | A | A | Non-QM | 1 | ||||||||
| XXXXXXXXXX | 4000123464 | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Other | UW Other - UW - Evidence of legal residency | Per the loan application, the borrower is a XXXXXXXXXX XXXXXXXXX XXXXXXXX XXX evidence of lawful permanent residency was included in the loan file. | PRA card provided | 05/15/2026 | A | 1 | XXXXXXXXXX | TX | 3 | 3 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXXX | 4000133400 | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | Note | Note - Other: | Missing XXXX addendum to XXXX | C | 3 | XXXXXXXXXX | TX | 3 | 1 | C | C | C | C | N/A | N/A | A | A | Exempt | 1 | |||||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Compliance | Compliance | Compliance - Pending Internal completion of compliance fee tests. Additional conditions may apply. | Information provided | Client 07/07/2026 01:18 PM; Please proceed with compliance Reviewer 07/07/2026 01:40 PM; not credit Reviewer 07/07/2026 01:47 PM; |
07/16/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | |||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Compliance | Compliance | Compliance - CD- Missing | Missing XXXXXXXX XXXXX | Information provided | Reviewer 07/15/2026 08:38 AM; No documentation provided |
07/16/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | ||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | Application | Application - Completed, signed, initial application for all applicant not in file | Please provide initial application. | Information provided | Reviewer 07/15/2026 08:38 AM; No documentation provided |
07/16/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | ||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | Flood Certificate | Flood Certificate - is missing. | Please provide XXXXXX XXXXXXXXXXXXXX | Flood XXXXX provided. | Reviewer 07/15/2026 08:38 AM; No documentation provided |
07/15/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | ||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | Title Policy | Title Policy - is missing. Final ALTA title policy required. | Please provide XXXXXX XXXXXXXXX | Title commitment provided. | Reviewer 07/15/2026 08:38 AM; No documentation provided |
07/15/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | ||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | Appraisal is missing from the file | 07/07/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | ||||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | All assets missing from the file | 07/07/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | ||||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | Loan XXXXXXXXXXXXX missing from the file | 07/07/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | ||||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | Fraud XXXXXXX missing from the file. | 07/07/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | ||||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral TPR | UW Collateral TPR - UW - Second collateral evaluation is required. | Xnd valuation is missing from the file. | Information provided | 07/14/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | |||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Assets | UW Assets - UW - Asset Other | XXXX XXXXXXXXXXX reflect a gift XXXXXXX XXXXXXXXXXXX XX gift letter is missing from the file. | Provided gift letter part of XXXXX | Reviewer 07/15/2026 03:51 PM; Documents received did not include
a gift letter for XXXXXXX |
07/15/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | ||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income Other | Self-employed narrative is missing from the file. | Information provided | 07/14/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | |||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXX XXXXXXXXXX analysis and XXX months XXXX statements for each business is missing from the file. XXXX XXXX statements provided are updated XXXX statements for assets. | 07/10/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | ||||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | Missing Images | Missing Images - Loan Review is not Final. On Hold for Missing Critical Documentation | XXXXX XXXXXXXXXX analysis and XXX months XXXX statements for each business is missing from the file. XXXX XXXX statements provided are updated XXXX statements for assets. | TPS Image Processing | 07/13/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | |||||||
| XXXXXXXXXX | 4000137603 | XXXXXXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW - Seasoning Requirement Not Met | Guidelines for the XXXXX loan program require XXXXXXXXX seasoning when there has been a loan modification. XXXXXXXX property had a loan extension agreement for a private mortgage and is considered a loan modification. | Client waived with compensating factors: XXXXXXXXXX debt under XXXXX no mortgage late payments in last XXX months; XX years credit history; XXX consumer late payments last XXX months | 07/07/2026 | B | 2 | XXXXXXXXXX | FL | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXXX | 4000137603 | XXXXXXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Guidelines for the XXXXX loan program require when closing in an XXXXXXXX the borrower provide an XXXX for the entity. XXX XXXX was provided. | Received XXX | 07/14/2026 | A | 1 | XXXXXXXXXX | FL | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXXX | 4000135549 | XXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | Note | Note - Other: | Loan closes in an XXXXXX XXXXXXX provide XXXXXXXXX XXXXXXXXXX XXXXXXXXXX or XXXXXXXXX of XXXXXXXXXXXXXXXX | Information provided | 07/13/2026 | A | 1 | XXXXXXXXXX | PA | 3 | 13 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXXX | 4000135549 | XXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Provide XXXX as required for XXXXX loans closing in an XXXXXXXX | Received XXX | 07/10/2026 | A | 1 | XXXXXXXXXX | PA | 3 | 13 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXXX | 4000135549 | XXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Other | UW Other - UW - SS verification | Guidelines for the XXXXX loan program require verification of the borrower''''s XXXXXX XXX evidence was provided. | Received XXX card | 07/14/2026 | A | 1 | XXXXXXXXXX | PA | 3 | 13 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXXX | 4000133039 | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Valuation | UW Collateral TPR | UW Collateral TPR - UW - Second collateral evaluation is required. | CDA missing from the file. XXXX XXX score in file is > XXXXXXX XXXXXX did not return a score. | Received XXXX within XXXXX | 07/21/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | C | A | C | A | A | A | C | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXXX | 4000133039 | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Qualifications | UW Qualifications - UW – Exception needed | Exception XXXXXXXXX required to use rental income reflected on XXXXXX XXXXX XXXXXXXX and XXXXX XXXXXXXXXX XXXXX rental income is listed as a deduction on the XXXXXX and as gross rental income on the XXXXXXXXXX XXXXXXX XXXX XXX added this amount back from XXXXXXXXXXXXXX primary residence on the income calc worksheet. XXX the rental income is not added back, the total income is XXXXXXXXXXXX with XXXX XXXXXXXXX | Received client approval for income as stated. | 07/16/2026 | A | 1 | XXXXXXXXXX | CA | 1 | 1 | C | A | C | A | A | A | C | A | Safe Harbor QM (APOR) | 1 | |||||||
| XXXXXXXXXX | 4000134899 | XXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income Documents Expired | Guidelines for the X | Provided updated X | Reviewer 07/17/2026 10:31 AM; Document received and file
returned to XXXXXXX XXX for review. |
07/20/2026 | A | 1 | XXXXXXXXXX | NY | 1 | 3 | C | A | C | A | A | A | A | A | Non-QM | 1 | ||||||
| XXXXXXXXXX | 4000137775 | XXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Guidelines for the XXXXX loan program reflect when closing as an XXXXXXXX a XXXXXXXXXXXX of XXXXX XXXXXXXXX dated within XXX days of the date of closing is required. XXX was not provided. | Received XXXX | 07/20/2026 | A | 1 | XXXXXXXXXX | NJ | 3 | 1 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXXX | 4000137575 | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Credit | UW Credit - UW - Credit Other | Approval or XXXXX missing from the file. | Received XXXX | 07/24/2026 | A | 1 | XXXXXXXXXX | CA | 3 | 1 | C | A | C | A | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXXX | 4000134642 | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Collateral | UW Collateral - UW - Client Condo Warranty Requirements | Guidelines for the XXXXX loan program require the project to meet non warrantable requirement of XXXX reserves allocation based on the XXXXX budget. XXXXXXXX amount is XXXXXXXXX | Client waived with compensating factors: XXXX XXXX of XXXXXXXXX over XXXXXXXXXXXXX verified assets in addition to over XXXXXXX cash out; project is on XXXXXX approved list. | 08/04/2026 | B | 2 | XXXXXXXXXX | HI | 3 | 13 | C | B | C | B | N/A | N/A | A | A | Exempt | 1 | |||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Compliance | Compliance | Compliance - TRID LE- Other | Missing XXX only the XXXXXX XXX is provided. | Information provided | Reviewer 07/15/2026 08:38 AM; No documentation provided |
07/16/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 | ||||||
| XXXXXXXXXX | 4000136847 | XXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | XXXXXXXXXX | Credit | UW Income/Employment | UW Income/Employment - UW - Income Other | Xrd party verification of self-employment, % of ownership and length of self-employment missing from the file. | Received XXX | Reviewer 07/14/2026 09:59 PM; Received XXXXXXXXX XXXXXXXX
XXXXXXXXXXXXX did not receive XXXX party verification of self-employment, %
of ownership and length of self-employment |
07/15/2026 | A | 1 | XXXXXXXXXX | FL | 1 | 1 | C | A | C | A | C | A | C | A | Non-QM | 1 |