Client Name:

Client Project Name:

SEMT 2026-CD8

Start - End Dates:

4/21/2026 - 10/1/2026

Deal Loan Count:

496

Conditions Report 2.0

Loans in Report:

496

Loans with Conditions:

392

Loan Number

Original Principal Balance

State

Initial Lender ATR/QM Status

Loan Level ATR/QM Status

Initial Securitization Overall Loan Grade

Final Securitization Overall Loan Grade

Initial Securitization Credit Loan Grade

Final Securitization Credit Loan Grade

Initial Securitization Property Valuations Loan Grade

Final Securitization Property Valuations Loan Grade

Initial Securitization Compliance Loan Grade

Final Securitization Compliance Loan Grade

Initial S&P Overall Loan Grade

Final S&P Overall Loan Grade

Initial S&P Credit Loan Grade

Final S&P Credit Loan Grade

Initial S&P Property Valuations Loan Grade

Final S&P Property Valuations Loan Grade

Initial S&P Compliance Loan Grade

Final S&P Compliance Loan Grade

Condition Category

Condition Sub Category

Condition Status

Initial Securitization Condition Grade

Final Securitization Condition Grade

Initial S&P Condition Grade

Final S&P Condition Grade

Condition Code

Condition Description

Condition Material Indicator

Initial Comments

Client/Seller Response Comments

Conclusion Comments

TRID Error Type

Cure Method

Compensating Factors

409045242

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Compliance

Documentation

Satisfied

C

A

C

A

CMPDOC3076

Legal document was not executed or is incomplete

No

Purchase Agreement is missing pg 1.

4/23 Client provided page 1

Satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence

- XXX Comments:  XXX years XXX months at current residence.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX in verified assets for reserves is sufficient to cover required $XXX.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline line minimum XXX.

 

CFCFS1735: Co-Borrower has significant time at current job

- XXX Comments:  Co-borrower has XXX years XXX months at current job.

 

409045242

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller-paid fees that should be disclosed in Sections C & E are not disclosed on Final CD XXX; Seller's CD in file & able to test; Condition Satisfied.

(No Data)

Condition Satisfied.

Numeric

Not Applicable

CFCFS1736: Significant time at current residence

- XXX Comments:  XXX years XXX months at current residence.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX in verified assets for reserves is sufficient to cover required $XXX.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline line minimum XXX.

 

CFCFS1735: Co-Borrower has significant time at current job

- XXX Comments:  Co-borrower has XXX years XXX months at current job.

 

409045242

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3618

TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing

No

Unable to test a loan product due to missing initial CD in file.

04/24/26 Client provided the Initial 4/2 CD.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence

- XXX Comments:  XXX years XXX months at current residence.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX in verified assets for reserves is sufficient to cover required $XXX.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline line minimum XXX.

 

CFCFS1735: Co-Borrower has significant time at current job

- XXX Comments:  Co-borrower has XXX years XXX months at current job.

 

409045242

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3626

TRID - CD: Loan consummated before end of waiting period

No

Final CD XXX signed at closing on XXX is the only CD in file. Missing initial CD acknowledged by the borrowers min XXX days prior to closing date.

04/24/26 Client provided the Initial 4/2 CD.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence

- XXX Comments:  XXX years XXX months at current residence.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX in verified assets for reserves is sufficient to cover required $XXX.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline line minimum XXX.

 

CFCFS1735: Co-Borrower has significant time at current job

- XXX Comments:  Co-borrower has XXX years XXX months at current job.

 

409045242

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

A

C

A

A

A

C

A

C

A

C

A

A

A

C

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

Provide documentation from IRS that the full payoff balance is $XXX

4/23 Client provided an LOX that Borrower is in a payment plan for the IRS; Condition remains GLs do not allow for payment plans; provide evidence the outstanding balance has been paid in full $XXX5.4.2026 Client provided snippet of CD showing paid on subject CD. Response, Final CD was not in file at time of initial review, was provided previously and IRS payment of $XXX is reflected on Final CD

Condition satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence

- XXX Comments:  XXX years XXX months at current residence.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX in verified assets for reserves is sufficient to cover required $XXX.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline line minimum XXX.

 

CFCFS1735: Co-Borrower has significant time at current job

- XXX Comments:  Co-borrower has XXX years XXX months at current job.

 

409045587

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Determine status upon review / receipt of missing REO docs, REO disposition, VOES

6.26.2026 Client provided an updated 1003/1008 with considering base only of $XXX(vs $XXX) however still missing calculation of the updated income and missing documentation (per fnma guidelines) regarding leave of absence, currently unknown what type of leave of absence B1 currently is on, along with when started, when returning etc. (follow fnma guidelines to document this leave of absence) and provide all applicable info regarding this leave of absence for B1.  Income calculation still under review. 7/2 Client provided docs and an exception

satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

CFCFS2860: Good credit history

- XXX Comments:  0 x 30 for XXX months

 

409045587

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2670

Asset documentation is insufficient per guideline requirements

No

XXX statements are in file for the following, please provide XXX or XXX for each. Subject to asset recalc and may be subject to additional conditions upon review.1. XXX#XXX2. XXX# XXX

6.29.2026 Client provided XXX XXX#XXX statement (balance slight increase by $XXX) and provided XXX XXX Bank #XXX(decrease balance by -$XXX)

Condition satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

CFCFS2860: Good credit history

- XXX Comments:  0 x 30 for XXX months

 

409045587

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Assets

Waived

C

B

C

B

CRDAST3078

Insufficient # of months cash reserves for PITI per guideline requirements

No

Reserves sourced:Months PITI Reserves (Qual Rate)XXXCash Reserves$XXXRequired:XXX months PITI + XXX for projected income = XXX months; not met.Provide additional asset statements, meeting guidelines, supporting Borrowers had required reserves. May be subject to additional conditions upon review.

6.15.2026 Client provided a print screen of assets used totaling $XXX+ EMD of $XXX and appears same total assets being verified with giving EMD credit of $XXX; for verified reserves of $XXX or XXXmonths (XXX months required), condition remains short reserves by -$XXX(require XXX months = $XXX and verified $XXX) 6.19.2026 Client provided Lender LOX with asset breakdown. Response, with review of Lender breakdown appears lender is stating cash to close is $XXX however per Final CD cash to close is $XXX(difference of $XXX); condition remains for Lender to clarify funds to close of $XXX and Final CD reflecting as $XXX(this is possibly the difference regarding reserves). 6.29.2026 Client provided an updated 1003 with showing total assets of $XXX and Final 1003 was showing $XXX and provided Lender UW loan summary Notes, Gift of $XXX is being considered deposited into borrowers account and EMD of $XXX clearing, credit given for EMD, however no changes made to assets, still short reserves as stated in the prior updated. Condition remains short reserves, in addition most recent XXX statement was provided for XXX and XXX Bank for decrease change in value, in which make reserves even shorter by -$XXX; previously was short -$XXX + -$XXX (with updated balance statements provided on separate condition). Condition remains now short reserves of -$XXX(previously was $XXX+ $XXX with updated asset statement) 7/8 Client provided an approved exception to allow the file short reserves $XXX

Upon review by XXX XXX; Condition is deemed Non Material; Client credit score exceeds GLs

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

CFCFS2860: Good credit history

- XXX Comments:  0 x 30 for XXX months

 

409045587

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Credit/Mtg History

Satisfied

C

A

C

A

CRDCRMH1805

Debts/obligations not disclosed/accounted for at origination

No

Provide sufficient documentation supporting exclusion of XXX, from DTI. This REO is reflected in B2's name in XXX's fraud report. May be subject to additional conditions upon review.

6.15.2026 Client provided duplicate (in file pg 773) stating this is owned by my parents. Response, Fraud currently reflect in B2 name and XXX; condition remains 6.17.2026 Client provided a snippet of XXX showing home was built in XXX however does not support having no ownership, condition remains for copy of XXX or property profile report for this property: XXX for further review. 6.19.2026 Client provided LOX stating our borrower is on the Deed, he stated it is his parents property with last financial transaction being year XXX (was only XXX years old at the time).  Response, being on deed verifies as being legal owner of the property, giving rights however need to verify whom assigned financial obligations of this property, and further documentation is needed copy of tax bill etc. to determine whom county sends the tax bill to etc., condition previously requested for property profile, real quest, etc.  Condition remains to verify borrower not having any financial obligations with this property or to be documented and included in DTI and listed on REO of 1003. Note: if no mortgage on this property, all owners (including our borrower since on deed) are considered jointly responsible for the expenses (taxes, etc) without documentation verifying whom is currently responsible. 6.26.2026 Client provided property detail report reflecting owners of this property: XXX (B2 not listed)

Condition satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

CFCFS2860: Good credit history

- XXX Comments:  0 x 30 for XXX months

 

409045587

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

DTI

Satisfied

D

A

D

A

CRDDTI2540

Missing verification of some or all components of non-subject PITI

No

Provide sufficient documentation for $XXX monthly HOA on REO, as shown on final 1003. Subject to DTI recalc and may be subject to additional conditions upon review.

6.15.2026 Client provided an LOX stating this property does not have an HOA. Response, REO of 1003 reflect $XXX as other and LOX provided do not state property address.  Condition remains to document this $XXX being used for REO property. 6.17.2026 Client provided LOX stating, property: XXX having no monthly HOA

Condition satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

CFCFS2860: Good credit history

- XXX Comments:  0 x 30 for XXX months

 

409045587

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Income/Employment

Satisfied

B

A

B

A

CRDINC2496

Verbal verification of employment completed outside the stated requirements and/or after closing/funding

No

Note date XXXProvide B2 prior voe from XXX - XXX to complete 24 month verification.

6.15.2026 Client provided prior employment VVOE for B2 w/XXX verifying employment from XXX - XXX

Condition satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

CFCFS2860: Good credit history

- XXX Comments:  0 x 30 for XXX months

 

409045587

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Income/Employment

Waived

D

B

D

B

CRDINC2340

Employment verification does not meet guidelines

No

B1 VOEs, both have Report Date: XXX and Verified On XXX:a. XXX # VOE, combined file page 952, states on Leaveb. Lender VOE referencing XXX # VOE, combined file page 167, states ActiveProvide sufficient documentation to clarify discrepancy. If On Leave is correct, may be subject to additional conditions upon review

6.15.2026 Client provided duplicate (in file pg 167) VVOE verified with guaranteed XXX however XXX in file (pg 952) reflect as being on Lease as of XXX; missing XXX VVOE for B1 verifying status of employment, currently showing as on Leave.  Note date XXXBoth B1 VVOE in file shows verified on same date XXX(with one saying active and other saying on leave) 6.19.2026 Client provided Lender LOX stating Borrower qualifies with XXX% pay while on leave, with DTI under XXX%. Response, file was submitted as borrower being currently active vs leave with employment.  Condition remains for Lender updated 1008/1003 (if applicable) for income (and calculation) that is being used for qualifying and documenting leave status per guidelines, when returning etc.   Subject to conditions and re-calculation of income upon receipt and review of updated documentation 6.26.2026 Client provided an updated 1003/1008 with considering base only of $XXX(vs $XXX) however still missing calculation of the updated income and missing documentation (per fnma guidelines) regarding leave of absence, currently unknown what type of leave of absence B1 currently is on, along with when started, when returning etc. (follow fnma guidelines to document this leave of absence) and provide all applicable info regarding this leave of absence for B1.  Income calculation still under review. 7/2 Client provided evidence the loan  was qualified using XXX% of base conditioon remains for Leave of absense7/2 Client provided an approved exception to allow the file without the leave of absence terms confirmed

Upon review by XXX XXX Condition is deemed Non Material; Client credit score exceeds GLs, DTI below MAX

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

CFCFS2860: Good credit history

- XXX Comments:  0 x 30 for XXX months

 

409045587

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER110

Loan amount exceeds guideline maximum

No

XXX loan amount exceeds XXX max * Approved client exception in file not yet applied due to: open conditions, XXX DTI is higher than exception DTI, and exception expiration date was XXX - Note date is XXX

7/8 Client exception applied B grade

XXX final grade B

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

CFCFS2860: Good credit history

- XXX Comments:  0 x 30 for XXX months

 

409046111

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

C

A

A

A

D

A

D

A

C

A

A

A

D

A

Compliance

Compliance Manual

Satisfied

D

A

D

A

CMPMAN2956

Missing disclosure

No

The file does not contain a copy of the Final Closing Disclosure.

07/01/26 Client provided a duplicate copy of the Initial XXX CD (e-signed XXX). Condition remains. Provide the Final CD from the loan Closing on XXX07/06/26 Client provided the missing XXX Final CD.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession

- XXX Comments:  B1 XXX years same line of work B2 XXX years same line of work

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

409046111

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

C

A

A

A

D

A

D

A

C

A

A

A

D

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

The file does not contain a copy of the Homeowners Counseling List.

06/23/2026 Client provided missing List of homeowners counseling organizations dated XXX

Condition Satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession

- XXX Comments:  B1 XXX years same line of work B2 XXX years same line of work

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

409046111

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

C

A

A

A

D

A

D

A

C

A

A

A

D

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA863

RESPA: Required Affiliate Business Disclosure missing

No

The file does not contain a copy of the Affiliate Business Disclosure.

06/23/2026 Client provided a signed attestation of no Affiliated business arrangements.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession

- XXX Comments:  B1 XXX years same line of work B2 XXX years same line of work

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

409046111

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

C

A

A

A

D

A

D

A

C

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3640

TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided

No

07/06/26 Client provided the missing XXX Final CD. The Transfer Taxes increased $XXX without a valid COC (over the rounding amount threshold). Lender provided a cure of $XXX on the Final CD, however the file does not contain verification of the un-rounded amount from the Initial LE. For further testing, provide the un-rounded LE amount for the Transfer Taxes. Subject to re-review.

07/09/2026 Client provided a screen print reflecting unrounded transfer taxes at initial disclosure of $XXX.  Increased to $XXX on Final CD, resulting in a variance of $XXX which is cured on the Final CD as well.

Condition Satisfied.

Numeric

Not Applicable

CFCFS2854: Significant time in profession

- XXX Comments:  B1 XXX years same line of work B2 XXX years same line of work

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

409046111

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

C

A

A

A

D

A

D

A

C

A

A

A

D

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

 Lender to provide an ATR/QM status determination.

6.22.2026 Client provided Lender Mavent w/QM Safe Harbor

Condition satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession

- XXX Comments:  B1 XXX years same line of work B2 XXX years same line of work

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

409046111

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

C

A

A

A

D

A

D

A

C

A

A

A

D

A

Credit

Assets

Satisfied

C

A

C

A

CRDAST206

Asset Amounts Are Unsupported by Documentation in File

No

Provide withdrawal terms for XXX / XXX Defined Contribution Plan. May be subject to additional conditions upon review.

6.22.2026 Client provided Lender Memo LOX stating the assets in question were not needed for closing or reserves.  Response, these assets are being used for reserves and without this account, borrower would be short reserves.  Initial condition remains or verify required reserves without using this Defined contribution plan. Note: appears 1003 reflect a Gift of $XXX (pg 397) that is not being used by DD Firm, stating as coming from new employer. 7.1.2026 Client provided summary plan description with terms of withdrawal

Condition satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession

- XXX Comments:  B1 XXX years same line of work B2 XXX years same line of work

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

409046111

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

C

A

A

A

D

A

D

A

C

A

A

A

D

A

Credit

Credit/Mtg History

Satisfied

B

A

B

A

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Provide most recent 12 month VOR. May be subject to additional conditions upon review.

7.1.2026 Client provided most recent rental payment housing history for $XXX a month, satisfactory

Condition satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession

- XXX Comments:  B1 XXX years same line of work B2 XXX years same line of work

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

409046111

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

C

A

A

A

D

A

D

A

C

A

A

A

D

A

Credit

Income/Employment

Satisfied

B

A

B

A

CRDINC2496

Verbal verification of employment completed outside the stated requirements and/or after closing/funding

No

Provide the following for B2, may be subject to additional conditions upon review:1. VOE stating all contingencies in offer letter have been met2. VOE dated within 10 business days reflecting projected start date / position etc.

6.22.2026 Client provided post close dated VVOE with new employer for B2 verifying all pre-employment conditions have been met and employment start date have been moved up to 8.2.2026 (previously was XXX)

Condition satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession

- XXX Comments:  B1 XXX years same line of work B2 XXX years same line of work

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

409046111

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

C

A

A

A

D

A

D

A

C

A

A

A

D

A

Credit

Income/Employment

Satisfied

B

A

B

A

CRDINC3204

Income Documentation Missing

No

Per guidelines, provide Income calculation worksheet or 1008 with income calculation.

6.19.2026 Client provided duplicate (in file) 1008 and does not reflect income calculation. Condition remains 7.1.2026 Client provided lender income calculation worksheet for both borrowers

Condition satisfied

(No Data)

Not Applicable

CFCFS2854: Significant time in profession

- XXX Comments:  B1 XXX years same line of work B2 XXX years same line of work

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score

 

409049357

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

Federal Consumer Protection

Satisfied

B

A

B

A

CMPFDCP847

TILA - ARM Loan Program Disclosure after 3 days from application

No

ARM Disclosure in file is dated XXX which is more than three days form application date of XXX

07/17/0226 Client provided a copy of the early ARM disclosure dated XXX along with the Charm Booklet.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1750: High potential for increased earnings

- XXX Comments:  B1 employment agreement shows additional bonus earnings of $XXX annually for years 1 and 2, increasing to $XXX annually in the 3rd year.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Guideline minimum credit score is XXX, qualifying credit score XXX.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Post close reserves verified at $XXX, required reserves are $XXX.

 

409049357

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Not all required seller-paid fees were disclosed on the final CD. Seller's CD in file and able to trace all fees, exception is satisfied

(No Data)

This exception is informational. Exception satisfied. Final Grade A

Numeric

Not Applicable

CFCFS1750: High potential for increased earnings

- XXX Comments:  B1 employment agreement shows additional bonus earnings of $XXX annually for years 1 and 2, increasing to $XXX annually in the 3rd year.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Guideline minimum credit score is XXX, qualifying credit score XXX.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Post close reserves verified at $XXX, required reserves are $XXX.

 

409049631

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Not all required seller-paid fees were disclosed on the final CD. Seller's CD in file and able to trace all fees, exception is satisfied

(No Data)

This exception is informational. Exception satisfied. Final Grade A

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX% is below max allowed XXX%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXXin verified assets for reserves are sufficient to cover required amount for program of $XXX.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline min XXX.

 

409049631

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Credit/Mtg History

Satisfied

B

A

B

A

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Missing verification of rent confirming XXX X XXX for the most recent XXX months.

9.17.2026 Client provided satisfactory VOR payment history from XXX - current

Condition satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX% is below max allowed XXX%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXXin verified assets for reserves are sufficient to cover required amount for program of $XXX.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline min XXX.

 

409049631

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC3558

Missing Profit and Loss statement for one or more Self Employed borrowers (#5)

No

Profit and loss statement is missing preparer's signature and date.

9.10.2026 Client provided duplicate (in file) Balance sheet signed dated however P/L not signed dated. Condition remains for P/L YTD XXX to be signed dated. Note: file have 1120SXXX business returns became SCorp as of XXXand previously was Schedule C (documented in file) XXX Client provided Email On review P&L Esigned and dated

Satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX% is below max allowed XXX%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXXin verified assets for reserves are sufficient to cover required amount for program of $XXX.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline min XXX.

 

409049631

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Income/Employment

Waived

C

B

C

B

CRDINC150

Income docs do not meet guidelines

No

Schedule C business income being used with borrower having schedule C XXX income reporting, borrower bought the company last year, XXX 1120 and K1 income being used for XXX. Lender approval located in file however not applied due to outstanding exceptions

9/17 Client provided an approved exception to allow the file with ScheduleC income used after converting from 1120s and K1

Upon review by XXX SR UW; Condition is deemed Non Material; Client credit score exceeds GLs

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX% is below max allowed XXX%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXXin verified assets for reserves are sufficient to cover required amount for program of $XXX.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline min XXX.

 

409049631

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

A

A

D

B

D

B

A

A

A

A

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL2277

Note Not Executed

No

Note in file is e-signed. Pending receipt of wet-signed Note.

9.17.2026 Client provided executed wet-signed Note

Condition satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX% is below max allowed XXX%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXXin verified assets for reserves are sufficient to cover required amount for program of $XXX.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline min XXX.

 

409049800

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. Missing bonus income documentation

6.18.2026 Client provided duplicate (in file pg 501) Written VOE w/XXX that appears to reflect having some prior bonus history 2024/2025 and YTD 2026 however missing lender documentation/calculation of bonus being used of $XXX Lender worksheet in file only reflect base income of $XXX and do not include calculation of bonus income used and is not supported with this Written VOE provided. Condition remains to support with documentation of bonus income being used of $XXX and calculation if applicable. 7/1 Income recalculated using lower bonus supported by WVOW

satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX credit score exceed guideline minimum of XXX

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Verified assets $XXX exceed guideline requirement of $XXX for subject PITIA $XXX x XXX

 

409049800

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller-paid fees that should be disclosed in Sections C, E, & H are not disclosed on Final CD XXX; Seller's CD in file & able to test; Condition Satisfied.

(No Data)

Condition Satisfied.

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX credit score exceed guideline minimum of XXX

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Verified assets $XXX exceed guideline requirement of $XXX for subject PITIA $XXX x XXX

 

409049800

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Assets

Satisfied

D

A

D

A

CRDAST2670

Asset documentation is insufficient per guideline requirements

No

Missing XXX asset statement for XXX#XXX account to document two months. A copy of the April statement is in the file.

6.18.2026 Client provided prior month XXX XXX #XXX account statement

Condition satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX credit score exceed guideline minimum of XXX

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Verified assets $XXX exceed guideline requirement of $XXX for subject PITIA $XXX x XXX

 

409049800

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

DTI

Waived

B

B

B

B

CRDDTI105

Debt Ratio Exception 5% or Less

No

MAX DTI for LTV over XXX is XXX% subject DTI is XXX

7/23 Client provided an approved exception to allow the file at a XXX DTI

XXX final grade is B

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX credit score exceed guideline minimum of XXX

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Verified assets $XXX exceed guideline requirement of $XXX for subject PITIA $XXX x XXX

 

409049800

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

A

D

B

D

B

A

A

D

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC2408

Income verification does not meet guidelines

No

Provide income documentation to verify at least 12 month history of receipt of bonus income used to qualify borrower.  Borrower start date for current job was XXX. May require additional condition for review.

6.18.2026 Client provided duplicate (in file pg 501) Written VOE w/XXX that appears to reflect having some prior bonus history 2024/2025 and YTD 2026 however missing lender documentation/calculation of bonus being used of $XXX Lender worksheet in file only reflect base income of $XXX and do not include calculation of bonus income used and is not supported with this Written VOE provided. Condition remains to support with documentation of bonus income being used of $XXX and calculation if applicable. 7/1 Client asked for a review, on review Bonus is recalculated using Bonus 2 year + YTD avg DTI updated to XXX

Satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX credit score exceed guideline minimum of XXX

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Verified assets $XXX exceed guideline requirement of $XXX for subject PITIA $XXX x XXX

 

409050020

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

Compliance Manual

Satisfied

D

A

D

A

CMPMAN2956

Missing disclosure

No

06/25/26 Client provided the Disclosure Tracking Summary. Per the History, a CD was sent XXX on XXX. This CD is missing. Provide the XXX CD for review.

06/29/26 Client provided the XXX PCCD.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Borrower has XXX months of PITI available in reserves; 3 months required.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score of XXX is XXX points above the minimum required score of XXX.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  XXX% DTI is below the maximum allowed DTI of XXX%.

 

409050020

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

Zero tolerance $XXX due to added Survey Fee in B. section on CD XXX with no COC in file. Survey provider is not listed on SPL, fee is not a shoppable fee and is tested for XXX% violation. Condition pending receiving PCD reflecting lenders cure, LOE to borrower, a copy of refund and proof of delivery via shipping that includes tracking information

06/11/2026 Client provided COC XXX that reflects Survey fee added.  Condition remains. Provide the change that occurred after Initial disclosure that caused the fee to be added in section B, for re-review.  Or PCCD with cure, copy of cure check, LOE to Borrower and evidence of delivery via tracking. 06/29/26 Client provided a XXX PCCD moving the Survey Fee to Section H and the following "Per seller: The title companys prelim CD listed the survey in Section H- Other with no amount (see snip below). This would indicate it wasnt required, rather an optional fee for the borrower. Also, there is a Survey Acknowledgement in the Signed Title Documents eFolder in which the customer requested a survey be completed. The fee was listed in the wrong section on the CD. It should have been listed in Section H since this fee was not required by the title company and was an optional fee requested by the borrower." Condition remains. Provide the LOE to borrower for the revised XXX PCCD and the supporting documentation that was referred to in the Seller response.07/02/26 Client provided the Seller response LOE, another copy of the XXX PCCD, the Title prelim CD, purchase contract and Survey Acknowledgment. Condition remains for the LOE to Borrower for the XXX PCCD correction.07/06/26 Client provided the LOE to Borrower.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Borrower has XXX months of PITI available in reserves; 3 months required.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score of XXX is XXX points above the minimum required score of XXX.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  XXX% DTI is below the maximum allowed DTI of XXX%.

 

409050020

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

D

A

D

A

CMPTRID4579

TRID - CD: Missing Initial CD

No

File is missing initial CD XXX in file.

06/22/26 Client provided a new Mavent report dated post-close on XXX The new Mavent now shows the Initial CD was delivered on XXX instead of XXX, as stated on the original XXX Mavent in file. Condition remains. Lender to provide explanation and clarification, with confirmed disclosure tracking history, if available.06/25/26 Client provided the Disclosure Tracking Summary showing the Initial CD was Sent on XXX

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Borrower has XXX months of PITI available in reserves; 3 months required.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score of XXX is XXX points above the minimum required score of XXX.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  XXX% DTI is below the maximum allowed DTI of XXX%.

 

409050319

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

B

D

B

D

B

A

A

D

B

Compliance

Compliance Manual

Satisfied

D

A

D

A

CMPMAN2956

Missing disclosure

No

Missing fully executied 4506C for borrower 1 XXX

6.30.2026 Client provided executed 4506C for B1

Condition satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline min XXX.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI  XXX% below guideline max XXX%.

 

409050319

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

B

D

B

D

B

A

A

D

B

Compliance

Federal Consumer Protection

Waived

B

B

B

B

CMPFDCP847

TILA - ARM Loan Program Disclosure after 3 days from application

No

Loan converted from fixed to ARM on XXX and the ARM Loan Disclosure in file is dated XXX.

06/26/26 Client provided the COCs and 4506. Condition remains. Provide the missing ARM Loan Program Disclosure issued within 3 days of program change from Fixed to ARM on XXX.07/01/26 Client provided an Email chain reflecting the XXX borrower request to change to ARM and the Lender difficulty changing the Lock. Condition remains. Provide the missing ARM Loan Program Disclosure issued within 3 days of program change from Fixed to ARM on 4/28.07/06/26 Client provided an LOE from Lender stating the COC wasn't completed correctly on XXX to have the ARM disclosure go out. It was completely correctly on XXX which then triggered the ARM disclosure to go out. They agree it was showing as an ARM on XXX. Condition remains. 07/06/26 Client provided an approved exception for the ARM Loan Program Disclosure issued more than 3 days from program change to ARM.

Initial and Final Grade B.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline min XXX.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI  XXX% below guideline max XXX%.

 

409050319

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

B

D

B

D

B

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Not all required seller-paid fees were disclosed on the final CD. Seller's CD in file and able to trace all fees, exception is satisfied

(No Data)

This exception is informational. Exception satisfied. Final Grade A

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline min XXX.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI  XXX% below guideline max XXX%.

 

409050319

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

B

D

B

D

B

A

A

D

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

Zero Tolerance Fee of $XXX due to Appraisal Fee increased from LE XXX to Final CD XXX and the Credit Report fee increased from LE XXX to LE XXX A lender cure for $XXX is disclosed; however, an additional $XXX is required. Missing a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower.

06/26/26 Client provided copies of the COCs. Condition remains. The Lender cured the Appraisal increase at Closing, however there is not valid reasons listed on the COCs for the Credit Report increases that occurred on the XXX LE and XXX LE. Borrower is due an additional refund of $XXX, PCCD, LOE and proof of delivery that includes tracking.07/01/26 Client provided another XXX COC. Condition remains. The COC only states "Credit fee increase". This is not a valid change reason/explanation. Borrower is due an additional refund of $XXX, PCCD, LOE and proof of delivery that includes tracking.07/06/26 Client provided an LOE related to the ARM Loan Program Disclosure. Condition remains. Borrower is due an additional refund of $XXX, PCCD, LOE and proof of delivery that includes tracking.07/13/26 Client provided a XXX PCCD, LOE, check and tracking (delivery confirmed).

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline min XXX.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI  XXX% below guideline max XXX%.

 

409050319

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

B

D

B

D

B

A

A

D

B

Credit

Assets

Satisfied

D

A

D

A

CRDAST2670

Asset documentation is insufficient per guideline requirements

No

Missing the May 2026 statement to complete the required 2 full month statement for XXX #XXX supporting balance of $XXX

7/2 Client provided an approved exception to allow the file with 1 month statement7.3.2026 Client provided additional month XXX XXX #XXX statement, waiver no longer needed

Condition satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline min XXX.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI  XXX% below guideline max XXX%.

 

409050319

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

B

A

A

D

B

D

B

D

B

A

A

D

B

Credit

Credit/Mtg History

Waived

B

B

B

B

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Missing verification of rent for the most recent 12 months housing history.

7.3.2026 Client provided Borrower LOX stating most recently, we were on clinical rotations at school and were staying with family when school is out, at the current housing address (Family).  Response, 1003 reflect as paying $XXX a month for rent.  Condition remains for missing most recent 12 months housing rental payment history. 7.6.2026 Client provided exception approval for missing housing rental payment history support the $XXX a month as reflected on 1003; with LOX provided by borrower stating most recently, we were on clinical rotations at school and were staying with family when school is out

Exception approved, B Grade

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline min XXX.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI  XXX% below guideline max XXX%.

 

409050713

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

C

A

D

A

B

A

D

A

C

A

D

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

Missing List of homeowners counseling organizations

07/15/2026 Client provided missing List of homeowners counseling organizations dated XXX

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job

- XXX Comments:  Borrower starting new job, however XXX years as a Physician

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX%

 

409050713

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

C

A

D

A

B

A

D

A

C

A

D

A

B

A

Credit

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

CRDATRQM3124

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Lender did not provide an ATR/QM status determination.

No

Missing QM validation

7.16.2026 Client provided Lender QM Safe Harbor status determination

Condition satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job

- XXX Comments:  Borrower starting new job, however XXX years as a Physician

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX%

 

409050713

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

C

A

D

A

B

A

D

A

C

A

D

A

B

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR3116

Missing updated valuation

No

Missing Valuation that supports the original appraisal value

7.16.2026 Client provided duplicate (in file) appraisal with value of $XXX dated XXX however still missing 3rd party valuation supporting appraised value. 7.20.2026 Client provided CU Score XXX

Condition satisfied

(No Data)

Not Applicable

CFCFS1734: Borrower has significant time at current job

- XXX Comments:  Borrower starting new job, however XXX years as a Physician

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX%

 

409050834

XXXXXX

XXXXXX

QM: Rebuttable Presumption (APOR)

QM: Rebuttable Presumption (APOR)

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Credit/Mtg History

Satisfied

B

A

B

A

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

Missing verification of 0x30 in the past XXX mo.; VOR provided is incomplete and does not provide the required data.

7.21.2026 Client provided an email stating there has been no late rents from Borrower in past twelve months however, do not specify whom XXX is (landlord, etc) and with review of XXX this house is vacant and do not specify what address the rental history was provided for, assuming same address as listed on Final 1003.  Condition remains for more specific VOR reflecting same info as a VOR would reflect: (what address this is pertaining to, amount borrower was paying, and whom email is from/XXX, etc.) 7.29.2026 Client provided VOR for current rental housing history

Condition satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  XXX% DTI < program maximum of XXX%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Verified Reserves $XXX(XXX months PITIA) > program requirement of $XXX (Subject PITIA $XXX x XXX)

 

409050834

XXXXXX

XXXXXX

QM: Rebuttable Presumption (APOR)

QM: Rebuttable Presumption (APOR)

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Credit/Mtg History

Waived

B

B

B

B

CRDCRMH104

Credit score below guidelines

No

XXX FICO score is less than the program minimum of XXX;

7.13.26- Client provided an approved exception request for use of FICO score below the guideline minimum.

7.13.29- upon further review, XXX XXX XXX determined the guideline violation is non-material due to meeting all exception conditions and the following compensating factors: XXX% DTI with XXX% max and $XXX verified reserves with $XXX min required by exception request condition.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  XXX% DTI < program maximum of XXX%.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Verified Reserves $XXX(XXX months PITIA) > program requirement of $XXX (Subject PITIA $XXX x XXX)

 

409051022

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

B

A

A

A

A

A

B

A

B

A

A

A

A

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

Missing List of homeowners counseling organizations.

08/18/26 Client provided the missing HC List.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Post Close Assets are $ XXX or XXX months PITIAGuidelines require XXX months or $ XXX X XXX = $ XXX

 

CFCFS2860: Good credit history

- XXX Comments:  Borrower Has history of good credit with 0 Late Payments > XXX Months

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  High Credit XXX Guidelines allow XXX

 

409051139

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

A

A

A

C

B

D

B

D

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3676

TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation.

No

XXX% tolerance in the amount of $XXX due Recording Fee increase on CD XXX was not timely disclosed. A COC dated XXX disclosed increase; however, the corresponding closing disclosure is missing. Condition is pending receipt of missing CD or Post CD reflecting lenders cure, LOX, a copy of refund and proof of delivery via shipping that includes tracking information

06/30/26 Client provided an LOE from Lender with screenshot. LOE states the final package was completed XXX for a XXX closing. The early package completion doesn't alter the fact the change was disclosed on time. This was sent through XXX, which shows the borrower viewed the COC on XXX and XXX. Screenshot shows borrower viewed something on XXX, but it does not indicate what document was viewed. Condition remains. The final CD in file was issued on XXX. Provide the CD issued on XXX and the full disclosure tracking history for review. Additional conditions may apply.07/21/2026 Client provided screen shots of the Documents sent on XXX, opened on XXX, with the list of what was sent. The list does not indicate a Closing disclosure provided with the other documents. Condition remains. Provide a copy of the XXX CD that was included with the other documents at that time.07/24/2026 Client provided a duplicate XXX Final CD.  Condition remains.  Provide the CD that is Dated XXX reflecting the change that occurred on the COC XXX in the original file, that was included with the other documents on XXX. 08/04/26 Client provided a XXX PCCD reflecting a $XXX Lender Credit cure. Condition remains. Provide the missing $XXX refund check, LOE to borrower and proof of delivery (tracking required).08/05/26 Client provided the tracking. Condition remains. Provide the missing LOE to borrower and $XXX refund check.08/06/26 Client provided the check and LOE.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX% is below lender's guide lines maximum of XXX%.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score exceeds guide lines.

 

409051139

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

A

A

A

C

B

D

B

D

A

A

A

C

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL225

Missing Rider

No

 Missing ARM Rider.

06/30/26 Client provided the missing ARM Rider.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX% is below lender's guide lines maximum of XXX%.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score exceeds guide lines.

 

409051152

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Compliance

Documentation

Satisfied

D

A

D

A

CMPDOC869

Mortgage not signed

No

Riders are not signed and Mortgage is not signed or notarized. Provide copy of fully executed documents.

7/10 Client provided the executed DOT

Satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Post Close Assets are $ XXX or XXX months PITIAGuidelines require 6 months or $ XXX X XXX = $ XXX

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  High Credit XXX Guidelines allow XXX

 

CFCFS2854: Significant time in profession

- XXX Comments:  Borrower has XXX Years in Current Profession

 

409051164

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

A

A

A

B

B

D

B

D

A

A

A

B

B

Compliance

RESPA

Waived

B

B

B

B

CMPRESPA863

RESPA: Required Affiliate Business Disclosure missing

No

Required Affiliate Business Disclosure missing, no AFBA form or FACT sheet on file and the Lender's affiliate status is not included on the Affiliated Lender List.

06/18/2026 Client provided a copy of the Privacy choices for Consumers reflecting only Borrower citing no to share.  Condition remains. Provide the Lenders list of Affiliated Business Disclosure for review and to finalize fee testing. 07/02/26 Client provided an approved exception for the missing Lender ABD.

Initial and Final Grade B.

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  XXX% DTI Is below guideline maximum of XXX%

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX credit score exceed guideline minimum of XXX

 

409051164

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

A

A

A

B

B

D

B

D

A

A

A

B

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Not all required seller-paid fees were disclosed on the final CD. Seller's CD in file and able to trace all fees, exception is satisfied.

(No Data)

Exception Satisfied, seller fees have been sourced on the Seller CD final Grade A.

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  XXX% DTI Is below guideline maximum of XXX%

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX credit score exceed guideline minimum of XXX

 

409051164

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

A

A

A

B

B

D

B

D

A

A

A

B

B

Credit

Assets

Satisfied

D

A

D

A

CRDAST2670

Asset documentation is insufficient per guideline requirements

No

Provide asset statements to cover the most recent full two (2) month period(XXX and XXX) of account activity for XXX acct#XXX to support most recent balance $XXX. Loan file reflect only the overview for Mar and April accounts.

7.3.2026 Client provided XXX/XXXXXX XXX #XXX , #XXX for total assets of $XXX (as used on Final 1003)

Condition satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  XXX% DTI Is below guideline maximum of XXX%

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX credit score exceed guideline minimum of XXX

 

409051166

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Not all required seller-paid fees were disclosed on the final CD. Seller's CD in file and able to trace all fees.

(No Data)

Exception Satisfied, seller fees have been sourced on the Seller CD final Grade A.

Numeric

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX%

 

409051166

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

A

C

A

A

A

A

A

C

A

C

A

A

A

A

A

Credit

Terms/Guidelines

Satisfied

C

A

C

A

CRDTER3122

Loan documents do not meet guideline requirements

No

Lender to verify $XXX as other on 1008

7.20.2026 Client provided LOX regarding other additional $XXX reflected on 1008; as miscellaneous improved taxes

Condition satisfied

(No Data)

Not Applicable

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX%

 

409051170

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

Loan approved using projected income for a job with a start date of XXX. File is missing an employment contract or offer letter showing terms and salary.

7.6.2026 Client provided executed copy of Employer Offer Agreement Contract with start date XXX and monthly compensation of $XXX for B2; 2 additional months reserves also verified (Note date XXX)

Condition satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Verified reserves of $XXX or XXX months PITI; $XXX or XXX months required.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score; XXX required.

 

409051170

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Credit/Mtg History

Satisfied

B

A

B

A

CRDCRMH193

Length of mortgage/rental history in file does not meet guideline requirement

No

File is missing the required 12 month housing history.

7.6.2026 Client provided copy of property search for borrowers current residence where renting to verify whom owners of the property is and not our borrowers and 1003 reflect having no primary housing for both borrowers.

Condition satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Verified reserves of $XXX or XXX months PITI; $XXX or XXX months required.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score; XXX required.

 

409051170

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Income/Employment

Satisfied

C

A

C

A

CRDINC888

Income Amount is  Unsupported by Documentation in File

No

Loan approved using projected income for a job with a start date of XXX. File is missing an employment contract or offer letter showing terms and salary.

7.6.2026 Client provided executed copy of Employer Offer Agreement Contract with start date XXX and monthly compensation of $XXX for B2;  2 additional months reserves also verified (Note date XXX)

Condition satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Verified reserves of $XXX or XXX months PITI; $XXX or XXX months required.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score; XXX required.

 

409051170

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Income/Employment

Satisfied

D

A

D

A

CRDINC2408

Income verification does not meet guidelines

No

Loan approved using projected income for a job with a start date of XXX. File is missing an employment contract or offer letter showing terms and salary.

7.6.2026 Client provided executed copy of Employer Offer Agreement Contract with start date XXX and monthly compensation of $XXX for B2; 2 additional months reserves also verified (Note date XXX)

Condition satisfied

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Verified reserves of $XXX or XXX months PITI; $XXX or XXX months required.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qualifying score; XXX required.

 

409051188

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Not all required seller-paid fees were disclosed on the final CD. Seller's CD in file and able to trace all fees, exception is satisfied

(No Data)

This exception is informational. Exception satisfied. Final Grade A

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX mid score > min required of XXX

 

409051213

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

CMPATRQM3220

TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status.

No

File is missing a credit report; unable to validate back debt for DTI.

7.13.2026 Client provided Credit report dated 4.27.2026 with 4 debts being paid off on subject CD (XXX Bank, XXX, XXX and XXX), omitted from DTI and B1 XXX loans (several) being omitted due to being in residency employment and B2 XXX loans with monthly payment per credit report are considered in DTI. Condition remains (a). updated DTI of XXX% exceed guidelines of XXX% (ARM) fully indexed and (b). Lender is using monthly HOI of $XXX however HOI in file supports $XXX (currently higher HOI is not considered in DD Firm DTI), missing evidence of $XXX HOI using by Lender. DTI XXX% is without higher monthly HOI (to be added if applicable) and (c). REO of 1003 do not reflect the mtg payment of $XXX for departure home in which is now a 2nd home (says mortgage do not apply) however appears to be included in 1008 DTI, provide updated 1003 with REO being corrected with mortgage info. 7.16.2026 Client provided updated 1003 with adding mortgage info for 2nd home: XXX and provided LOX stating there is no HOI policy for $XXX that was an estimate at time of initial approval and updated DTI XXX%

Condition satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence

- XXX Comments:  XXX years at residence.

 

409051213

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Not all required seller-paid fees were disclosed on the final CD. Seller's CD in file and able to trace all fees, exception is satisfied

(No Data)

This exception is informational. Exception satisfied. Final Grade A

Numeric

Not Applicable

CFCFS1736: Significant time at current residence

- XXX Comments:  XXX years at residence.

 

409051213

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Credit/Mtg History

Satisfied

B

A

B

A

CRDCRMH3000

# of Tradelines Does Not Meet Guideline Requirements

No

File is missing a credit report.

7.13.2026 Client provided Credit report dated XXX with 4 debts being paid off on subject CD (XXX Bank, XXX, XXX and XXX), omitted from DTI and B1 XXX loans () being omitted due to being in XXX employment and B2 XXX loans with monthly payment per credit report are considered in DTI.

Condition satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence

- XXX Comments:  XXX years at residence.

 

409051213

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

D

A

A

A

D

A

D

A

D

A

A

A

D

A

Credit

Credit/Mtg History

Satisfied

D

A

D

A

CRDCRMH189

Missing credit report

No

File is missing a credit report.

7.13.2026 Client provided Credit report dated XXX with 4 debts being paid off on subject CD (XXX Bank, XXX, XXX and XXX), omitted from DTI and B1 XXX loans (several) being omitted due to being in XXX employment and B2 XXX loans with monthly payment per credit report are considered in DTI.  DTI fully indexed is slightly over XXX%; see remaining condition regarding DTI

Condition satisfied

(No Data)

Not Applicable

CFCFS1736: Significant time at current residence

- XXX Comments:  XXX years at residence.

 

409051486

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Finance Charge Tolerance

Satisfied

C

B

C

B

CMPFINT106

Finance charge understated by more than $100 (Pmt Stream)

No

XXX Client provided a revised XXX PCCD. The closing costs were updated (fees added while some decreased). Re-testing results in an understated Finance Charge, as of consummation, of $-XXX. Cure via refund check to borrower, LOE, corrected PCCD and proof of delivery that must include tracking information.

07/28/2026 Client provided Compliance Ease reports dated XXX and XXX. The XXX report matches the Final CD and the XXX report matches the PCCD XXX.  Due to an APR fee added of $XXX on the PCCD, that fee is now included in testing and results in an Understated Finance charge by that amount. Condition remains.  Provide Corrected CD, refund check, LOE to Borrower and evidence of delivery via tracking.08/19/26 Client provided the Final signed/stamped Settlement Statement and corrected XXX PCCD with LOE. Title Insurance adjusted back and XXX confirms where the credits are applied.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline minimum XXX.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX in verified assets for reserves are sufficient to cover required amount for program $XXX.

 

409051486

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

Finance Charge Tolerance

Satisfied

C

B

C

B

CMPFINT4372

TILA/TRID-Disclosed Amount Financed is higher than XXX's calculated Amount Financed

No

XXX Client provided a revised XXX PCCD. The closing costs were updated (fees added while some decreased). Re-testing results in an understated Finance Charge, as of consummation, of $-XXX, which created an Amount Financed overstated amount of the same, $XXX. Cure via refund check to borrower, LOE, corrected PCCD and proof of delivery that must include tracking information.

07/28/2026 Client provided Compliance Ease reports dated XXX and XXX. The XXX report matches the Final CD and the XXX report matches the PCCD XXX.  Due to an APR fee added of $XXX on the PCCD, that fee is now included in testing and results in an Understated Finance charge by that amount. Condition remains.  Provide Corrected CD, refund check, LOE to Borrower and evidence of delivery via tracking.08/19/26 Client provided the Final signed/stamped Settlement Statement and corrected XXX PCCD with LOE. Title Insurance adjusted back and XXX confirms where the credits are applied.

Condition Satisfied.

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline minimum XXX.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX in verified assets for reserves are sufficient to cover required amount for program $XXX.

 

409051486

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Not all required seller-paid fees were disclosed on the final CD. Seller's CD in file and able to trace all fees

(No Data)

Exception Satisfied, seller fees have been sourced on the Seller CD final Grade A.

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline minimum XXX.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX in verified assets for reserves are sufficient to cover required amount for program $XXX.

 

409051486

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID4043

TRID - CD: The Index on the AIR Table of the Final Closing Disclosure does not match the Index on the Note

No

Final CD XXX, AIR table section Index - entered as SOFR. Per Note/ ARM Rider, Index is 30-day Average SOFR. Condition pending receiving corrected PCD with LOE to borrower.

07/21/26 Client provided an LOE and corrected XXX PCCD.

Condition Satisfied.

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline minimum XXX.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX in verified assets for reserves are sufficient to cover required amount for program $XXX.

 

409051486

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

B

A

A

A

A

C

B

C

B

A

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID4056

TRID - CD: The Total Payment Amount on the Loan Calculation section of the Final Closing Disclosure is less than the XXX Calculated Total Payment Amount

No

07/21/26 Client provided a revised XXX PCCD. The closing costs were updated (fees added while some decreased). Re-testing results in an understated Total of Payments, as of consummation, of $-XXX. Cure via refund check to borrower, LOE, corrected PCCD and proof of delivery that must include tracking information.

07/28/2026 Client provided Compliance Ease reports dated XXX and XXX. The XXX report matches the Final CD and the XXX report matches the PCCD XXX.  Due to fee changes made to the PCCD, those fees are now included in testing and results in a Total of payments less than calculated $XXX. Condition remains.  Provide Corrected CD, refund check, LOE to Borrower and evidence of delivery via tracking.08/19/26 Client provided the Final signed/stamped Settlement Statement and corrected XXX PCCD with LOE. Title Insurance adjusted back and XXX confirms where the credits are applied.

Condition Satisfied.

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds guideline minimum XXX.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX in verified assets for reserves are sufficient to cover required amount for program $XXX.

 

409051544

XXXXXX

XXXXXX

QM: Rebuttable Presumption (APOR)

QM: Rebuttable Presumption (APOR)

C

B

B

B

A

A

C

B

C

B

B

B

A

A

C

B

Compliance

Federal Higher-Priced

Waived

C

B

C

B

CMPFDHP1759

Federal higher-priced mortgage loan.

No

The Benchmark Date is XXX, with a rate of 6.320% and a test APR of XXX%, resulting in a difference of XXX%, which exceeds the maximum allowable tolerance of 1.500%.

7/6 Client provided an approved exception to allow the file with RP APOR

Upon review by XXX XXX; Condition is deemed Non Material; Client credit score exceeds GLs

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds gideline min XXX.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX verified assets for reserves are sufficient to cover required amount for program $XXX.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX% below guideline max XXX%.

 

409051544

XXXXXX

XXXXXX

QM: Rebuttable Presumption (APOR)

QM: Rebuttable Presumption (APOR)

C

B

B

B

A

A

C

B

C

B

B

B

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3604

TRID - Error discovered on Closing Disclosure

No

Gift funds on final CD incorrect at  $XXX.  Gift letter and copy of check for gift is $XXX.

7.17.2026 Client provided updated corrected gift letter in the amount of $XXX

Condition satisfied

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds gideline min XXX.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX verified assets for reserves are sufficient to cover required amount for program $XXX.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX% below guideline max XXX%.

 

409051544

XXXXXX

XXXXXX

QM: Rebuttable Presumption (APOR)

QM: Rebuttable Presumption (APOR)

C

B

B

B

A

A

C

B

C

B

B

B

A

A

C

B

Credit

Terms/Guidelines

Waived

B

B

B

B

CRDTER4631

Loan parameters do not meet guidelines

No

Loan parameters do not meet guidelines. Per guidelines RP ATR determinations no allowed

Client provided exception approval for RP ATR determinations outside of guidelines

XXX final grade B

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds gideline min XXX.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX verified assets for reserves are sufficient to cover required amount for program $XXX.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  DTI XXX% below guideline max XXX%.

 

409051703

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller fees were able to be sourced from the sellers CD document. Consistent with the XXX, we are satisfying to 1/A.

(No Data)

Exception Satisfied, seller fees have been sourced on the Seller CD final Grade A.

Numeric

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX credit score exceed guideline minimum of XXX

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Verified reserves of $XXX exceed guideline requirement of $XXX for subject Qualifying PITIA $XXX x XXX + XXX months for projected income.

 

409051703

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

C

A

A

A

A

A

C

A

C

A

A

A

A

A

C

A

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

A

C

A

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

CDA fee for $XXX added on XXX without a valid reason. Cure for $XXX required. Provide a letter of explanation, corrected Closing Disclosure, refund and proof of delivery within 60 days of consummation.

07/23/26 Client provided a COC History validating the CDA Fee addition.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX credit score exceed guideline minimum of XXX

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Verified reserves of $XXX exceed guideline requirement of $XXX for subject Qualifying PITIA $XXX x XXX + XXX months for projected income.

 

409051747

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

A

A

A

A

D

A

D

A

A

A

A

A

D

A

Compliance

Documentation

Satisfied

D

A

D

A

CMPDOC806

Notary Status is missing

No

The Notary/Acknowledgement date is missing. Provide copy of mortgage to include notary acknowledgement date.

07/16/2026 Client provided a fully executed copy of the Mortgage date XXX including a complete Notary.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  $XXX reserves; $XXX * XXX = $XXX reserves required.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- XXX Comments:  XXX mo. 0x30 mortgage payment history; 0x30xXXX required.

 

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX qual score; min XXX.

 

409051789

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

A

A

D

A

C

B

D

B

A

A

D

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

A

A

A

A

CMPTRID5293

TRID  Not all required seller-paid fees were disclosed on the CD

No

Seller-paid fees that should be disclosed in Section H are not disclosed on Final CD XXX; Seller's CD in file & able to test; Condition Satisfied.

(No Data)

Condition Satisfied.

Numeric

Not Applicable

CFCFS1742: Consumer credit history exceeds guidelines

- XXX Comments:  Borrower has 0x30 for XXX months.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  Borrowers DTI XXX% is below guideline maximum XXX%.

 

409051789

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

A

A

D

A

C

B

D

B

A

A

D

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

Zero Tolerance in the amount of $XXX due to Appraisal Fee increased from $XXX to $XXX on Revised LE XXX with no valid COC in file. Condition is pending receiving a valid Change of Circumstances or PCD reflecting lenders cure, LOE to borrower, a copy of refund and proof of delivery via shipping that includes tracking information.

07/07/26 Client provided a XXX PCCD with cure, LOE, refund check and shipping label (shipment confirmed).

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1742: Consumer credit history exceeds guidelines

- XXX Comments:  Borrower has 0x30 for XXX months.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  Borrowers DTI XXX% is below guideline maximum XXX%.

 

409051789

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

A

A

D

A

C

B

D

B

A

A

D

A

C

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

PRVAAPPR100

Missing Appraisal

No

Missing appraisal supporting $XXX value.

7.1.2026 Client provided full complete copy of subject appraisal value $XXX dated XXX (Site Condo) and provided 3rd party CDA valuation supporting value.

Condition satisfied

(No Data)

Not Applicable

CFCFS1742: Consumer credit history exceeds guidelines

- XXX Comments:  Borrower has 0x30 for XXX months.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  Borrowers DTI XXX% is below guideline maximum XXX%.

 

409051824

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

RESPA

Waived

B

B

B

B

CMPRESPA863

RESPA: Required Affiliate Business Disclosure missing

No

Required Affiliate Business Disclosure missing from file, please provide.

07/07/26 Client provided an approved exception for the missing Affiliate Business Disclosure.

Initial and Final Grade B.

(No Data)

Not Applicable

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Post closing assets $XXX month > reserve requirement $XXX.

 

CFCFS1744: DTI below guideline requirement

- XXX Comments:  Borrowers DTI XXX% is below guideline maximum XXX%.

 

409051832

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

A

A

A

C

B

D

B

D

A

A

A

C

B

Compliance

Federal Consumer Protection

Satisfied

B

A

B

A

CMPFDCP847

TILA - ARM Loan Program Disclosure after 3 days from application

No

Missing ARM Disclosure at time of conversion from fixed to ARM on XXX.

06/26/26 Client provided the XXX ARM Loan Program Disclosure.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession

- XXX Comments:  Borrower in same profession for XXX years

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Reserves $XXX or XXX months

 

409051832

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

A

A

A

C

B

D

B

D

A

A

A

C

B

Compliance

TILA/RESPA Integrated Disclosure

Satisfied

C

B

C

B

CMPTRID3670

TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation

No

Zero tolerance of $XXX due to appraisal fee increased by $XXX on initial CD XXX with no valid reasons documented on COC XXX. Condition is pending receiving PCD reflecting lenders cure, LOE to borrower, a copy of refund and proof of delivery via shipping that includes tracking information.

06/30/2026 Client provided duplicates of CD XXX and it's COC XXX.  Condition remains. The COC does not provide a valid reason for the increase of the Appraisal fee.  Provide the Change that occurred that caused the increase of the fee or PCCD with cure, copy of cure check, LOE to Borrower and evidence of delivery via tracking. 07/07/26 Client provided a XXX PCCD with cure, LOE, refund check and shipping label (deilivery confirmed).

Condition Satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession

- XXX Comments:  Borrower in same profession for XXX years

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Reserves $XXX or XXX months

 

409051832

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

B

D

A

A

A

C

B

D

B

D

A

A

A

C

B

Credit

Legal Documents

Satisfied

D

A

D

A

CRDLGL225

Missing Rider

No

Missing a copy of executed ARM rider

06/26/26 Client provided the fully executed ARM Rider.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS2854: Significant time in profession

- XXX Comments:  Borrower in same profession for XXX years

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Reserves $XXX or XXX months

 

409052424

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

D

A

D

A

B

A

D

A

D

A

D

A

B

A

Compliance

Federal Consumer Protection

Satisfied

B

A

B

A

CMPFDCP847

TILA - ARM Loan Program Disclosure after 3 days from application

No

ARM disclosure is dated XXX, loan was converted from Fixed to ARM on XXX.

07/14/2026 Client provided the Early ARM Disclosure dated XXX with change.

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX mid score > min required of XXX.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Post closing assets $XXX month > reserve requirement $XXX.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- XXX Comments:  Borrowers have XXX-months housing payment history 0x30.

 

CFCFS1735: Co-Borrower has significant time at current job

- XXX Comments:  XXX years with same employer.

 

409052424

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

D

A

D

A

B

A

D

A

D

A

D

A

B

A

Compliance

RESPA

Satisfied

B

A

B

A

CMPRESPA2698

RESPA - List of homeowners counseling organizations not in file

No

Missing List of homeowners counseling organizations

07/10/2026 Client provided missing List of homeowners counseling organizations dated XXX

Condition Satisfied.

(No Data)

Not Applicable

CFCFS1741: Credit score exceeds guidelines

- XXX Comments:  XXX mid score > min required of XXX.

 

CFCFS1731: Verified cash reserves exceed guidelines

- XXX Comments:  Post closing assets $XXX month > reserve requirement $XXX.

 

CFCFS1740: Mortgage payment history exceeds guidelines

- XXX Comments:  Borrowers have XXX-months housing payment history 0x30.

 

CFCFS1735: Co-Borrower has significant time at current job

- XXX Comments:  XXX years with same employer.

 

409052424

XXXXXX

XXXXXX

QM: Safe Harbor (APOR)

QM: Safe Harbor (APOR)

D

A

D

A

D

A

B

A

D

A

D

A

D

A