JPMMT2026-ABS-15G

 

Exhibit 99.38

 

 

ALT Loan ID Seller Name Seller Loan ID Investor Loan ID Exception ID Exception ID Date Exception Category Exception Subcategory Exception Description Exception Comments Seller Response Reviewer Response Compensating Factors Exception Status Cleared Date Exception Approved Pre Origination Initial Exception Grade Final Exception Grade Initial DBRS Exception Grade Final DBRS Exception Grade Initial Moodys Exception Grade Final Moodys Exception Grade Initial Fitch Exception Grade Final Fitch Exception Grade Initial Kroll Exception Grade Final Kroll Exception Grade Initial S&P Exception Grade Final S&P Exception Grade
305088085 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Missing Lender Income Calculation Worksheet Resolved-DSCR Calc provided. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-UW added the income calculation to the attached 1008 form - Due Diligence Vendor-XX/XX/XXXX

Open-The file is missing the documentation detailing the debt service coverage ratio as per XXXXXXXX guidelines - Due Diligence Vendor-XX/XX/XXXX		   Resolved-DSCR Calc provided. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305122419 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Eligibility Excessive Seller Contributions Resolved-Borrower received real estate commission that was used towards closing. Per XXXX guidelines, commissions paid to the borrower are not subject to IPC limits.  - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-PCCD with commission earned - Due Diligence Vendor-XX/XX/XXXX
Counter-XXXXXX XXX Guidelines requires the Closing Disclosure to reflect the commission earned by the borrower in order to be considered earned commission. The revised Closing Disclosure does not reflect the commission earned by the borrower, it only reflects a credit from real commission. Finding remains - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Corrected PCCD attached  - Due Diligence Vendor-XX/XX/XXXX
Counter-The Closing Disclosure does not reflect the borrower as the real estate broker in the contact information section on page 5. PCCD provided does not list the borrower as the real estate agent. Therefore, due to the commission being paid to the non-borrowing individual and given to the borrower at closing this would be considered an IPC and subject to IPC limits. If the commission was split the portion paid directly to the borrower would need to be documented, and the portion paid by the non-borrowing individual will be subject to IPC limits.  - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-Revised PCCD with additional clarification the RE commission - Due Diligence Vendor-XX/XX/XXXX
Counter-LOX from the real estate broker was provided and was in the original loan file.  In addition, the Closing Disclosure does not reflect the borrower as the real estate broker in the contact information section on page 5. Per XXXX guidelines, interested party contributions (IPC's), including real estate commission credits, may only be applied toward the borrower's eligible closing costs and prepaid expenses. IPC may not be used to satisfy the borrower's downpayment, minimum required contributions or reserves. The borrowers total eligible closing costs were $X,XXX.XX. Therefore only $X,XXX.XX of the commission credit is eligible as IPCs. The remaining credit of $X,XXX.XX is considered a concession of 5.796% and exceeds the 2% max allowable for investment property transactions. - Due Diligence Vendor-XX/XX/XXXX
Ready for Review-RE Commission LOX - Due Diligence Vendor-XX/XX/XXXX
Open-Borrower-received real estate commission credit of $X,XXX.XX per the final Closing Disclosure exceeding the 2% allowable threshold - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Borrower received real estate commission that was used towards closing. Per XXXX guidelines, commissions paid to the borrower are not subject to IPC limits.  - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305122419 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Acknowledged-Client acknowledges that business assets cannot be used as reserves per overlay guidelines, however, accepts due to meets the lender's guideline. Loan will be rated a B - Due Diligence Vendor-XX/XX/XXXX

Counter-Guidelines dated XX/XX/XXXX section 802.0 indicates business assets may not be used for reserves. In addition, per client Residential Mortgage Purchase Criteria (Overlays), business assets can be used for reserves on business purpose loans if borrower is 100% owner. According to the operating agreement borrower has 50% ownership. Please provide: 1.) updated guidelines for approval and 2.) an approved exception will be required to use the business assets to meet the reserve requirements. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Our guides state that borrower needs to be at least 50% owner - please advise - Due Diligence Vendor-XX/XX/XXXX

Open-Audited Reserves of  month(s) are less than Guideline Required Reserves of 6 month(s) According to lender guidelines business assets are not eligible for reserves, according to client overlay business assets can be used for reserves if borrower is 100% owner. According to the operating agreement borrower has 50% ownership.  - Due Diligence Vendor-XX/XX/XXXX		   Acknowledged-Client acknowledges that business assets cannot be used as reserves per overlay guidelines, however, accepts due to meets the lender's guideline. Loan will be rated a B - Due Diligence Vendor-XX/XX/XXXX

   Acknowledged XX/XX/XXXX Investor Post-Close C B C B C B C B C B C B  
305122419 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Assets Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount Acknowledged-Client acknowledges that business assets cannot be used as reserves per overlay guidelines, however, accepts due to meets the lender's guideline. Loan will be rated a B - Due Diligence Vendor-XX/XX/XXXX

Counter-Guidelines dated XX/XX/XXXX section 802.0 indicates business assets may not be used for reserves. In addition, per client Residential Mortgage Purchase Criteria (Overlays), business assets can be used for reserves on business purpose loans if borrower is 100% owner. According to the operating agreement borrower has 50% ownership. Please provide: 1.) updated guidelines for approval and 2.) an approved exception will be required to use the business assets to meet the reserve requirements. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Guides state at least 50% owner to use business assets for reserves - please advise - Due Diligence Vendor-XX/XX/XXXX

Open-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is less than Total Required Reserve Amount of $X,XXX.XX According to lender guidelines business assets are not eligible for reserves, according to client overlay business assets can be used for reserves if borrower is 100% owner. According to the operating agreement borrower has 50% ownership.  - Due Diligence Vendor-XX/XX/XXXX		   Acknowledged-Client acknowledges that business assets cannot be used as reserves per overlay guidelines, however, accepts due to meets the lender's guideline. Loan will be rated a B - Due Diligence Vendor-XX/XX/XXXX

   Acknowledged XX/XX/XXXX Investor Post-Close C B C B C B C B C B C B  
305176187 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305215641 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Missing Doc Missing Service Provider List Resolved-Documentation provided - cleared - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded.  - Buyer-XX/XX/XXXX

Counter-Lender provided service provided list, however it is dated XX/XX/XXXX instead XX/XX/XXXX to match the initial LE, condition remains the same - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded.  - Buyer-XX/XX/XXXX

Open-Missing service provided list - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Documentation provided - cleared - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305215641 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Property Value S&P value equals B, secondary product within tolerance Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-XX/XX/XXXX   Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-XX/XX/XXXX

   Acknowledged XX/XX/XXXX Investor Post-Close B B A A A A A A A A B B  
305207121 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Required Documentation is Missing Resolved-Received corrected docs. Condition cleared. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-updated 1008/1003/aus - Due Diligence Vendor-XX/XX/XXXX

Open-Final 1003 Lender Loan Information reflects XXX as $X,XXX.XX. However, XXX Document is missing in the file. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Received corrected docs. Condition cleared. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305171846 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305191896 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305191673 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305196965 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305202499 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305215638 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded. See uploaded 1008 - Buyer-XX/XX/XXXX

Open-Missing Approval/Underwriting Summary provided 1008 property address not matching with Note. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305215638 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Missing Doc RESPA: IEADS Required - Missing or Incomplete Resolved-RESPA: IEADS Required is Provided or Not Applicable - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded. See uploaded ieads - Buyer-XX/XX/XXXX

Acknowledged-RESPA: IEADS Required - Missing This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-RESPA: IEADS Required is Provided or Not Applicable - Due Diligence Vendor-XX/XX/XXXX

 Acknowledged-RESPA: IEADS Required - Missing This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A B A B A B A B A B A B A  
305179467 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Missing Mortgage Riders - 1-4 Family Rider Resolved-As the loan is a DSCR Business Purpose Loan, the Assignment of Leases and Rent Rider is acceptable. - Due Diligence Vendor-XX/XX/XXXX

Counter-Documentation provided did not include the required 1-4 Family Rider, not to be confused with the Assignment of Leases. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-This is a nonqm loan, 1-4 family rider is not required (agency) - please see the Assignment of Leases and rents rider.  - Due Diligence Vendor-XX/XX/XXXX

Open-1-4 Family Rider is Missing . - Due Diligence Vendor-XX/XX/XXXX		   Resolved-As the loan is a DSCR Business Purpose Loan, the Assignment of Leases and Rent Rider is acceptable. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305122620 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Eligibility Audited Reserves are less than Guideline Required Reserves (Number of Months) Waived-A policy exception for insufficient reserves was issued pre-closing. Exception was provided with the appropriate compensating factors. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Exception attached - Due Diligence Vendor-XX/XX/XXXX

Open-Audited Reserves of 3.81 month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-XX/XX/XXXX		   Waived-A policy exception for insufficient reserves was issued pre-closing. Exception was provided with the appropriate compensating factors. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

 DSCR Score 1.406; Qualifying FICO 701. Waived XX/XX/XXXX Originator Pre-Close C B C B C B C B C B C B  
305122620 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Assets Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount Waived-A policy exception for insufficient reserves was issued pre-closing. Exception was provided with the appropriate compensating factors. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Exception attached - Due Diligence Vendor-XX/XX/XXXX

Open-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is less than Total Required Reserve Amount of $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX		   Waived-A policy exception for insufficient reserves was issued pre-closing. Exception was provided with the appropriate compensating factors. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

 DSCR Score 1.406; Qualifying FICO of 711. Waived XX/XX/XXXX Originator Pre-Close C B C B C B C B C B C B  
305124602 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305130462 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305157746 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305143996 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance QM-ATR ATR Risk - Credit History taken into consideration does not meet requirements Resolved-ATR Risk - Credit History taken into consideration meets requirements - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-LOE UPLOADED - Due Diligence Vendor-XX/XX/XXXX

Open-ATR Risk - Credit History taken into consideration does not meet requirements Missing housing history documentation  - Due Diligence Vendor-XX/XX/XXXX		   Resolved-ATR Risk - Credit History taken into consideration meets requirements - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305143996 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Required Documentation is Missing Resolved-Rent Free LOE from owner of public record provided. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-LOE - Due Diligence Vendor-XX/XX/XXXX

Open-Signed and dated rent free letter from the owner or individual obligated on the lease for borrower's current primary residence.  Letter in file is from the borrower not the owner.  - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Rent Free LOE from owner of public record provided. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305143996 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Eligibility Housing History Does Not Meet Guideline Requirements Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-LOE UPLOADED - Due Diligence Vendor-XX/XX/XXXX

Open-Housing History Does Not Meet Guideline Requirements Signed and dated rent free letter from the owner or individual obligated on the lease for borrower's current primary residence.  Letter in file is from the borrower not the owner.  - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305179179 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Missing Rental Income Documentation for Subject Property Resolved-Documentation received, finding resolved - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-LOE - Due Diligence Vendor-XX/XX/XXXX

Counter-Zelle shows payment from XXXXXXXX, however lease in file reflects tenants as: XXXXXXXX and XXXXXXXX XXXXXXXX. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Zelle payment on XX/XX/XXXX from XXXXXXXX for $X,XXX.XX and on XX/XX/XXXX for $X,XXX.XX to match security deposit of $X,XXX.XX - Due Diligence Vendor-XX/XX/XXXX

Open-Missing Rental Income Documentation for Subject Property. The file is missing documentation confirming receipt of the security deposit required under the lease for $X,XXX.XX. The exception approval on page 316 references receipt of the deposit, however evidence of the deposit was not located in the file or on the bank statement provided on page 62 - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Documentation received, finding resolved - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305170401 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Missing Borrowing Entity Tax ID Acknowledged-Client acknowledges that an EIN was not provided, however, accepts the bwr SSN as the EIN due to meets the IRS guidance for a disregarded entity located in a community property state. Loan will be rated a B. - Due Diligence Vendor-XX/XX/XXXX

Counter-W9 provided list B1 SSN. Need the Business EIN number as is missing from the file. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-W9 - Due Diligence Vendor-XX/XX/XXXX

Open-Missing Borrowing Entity Tax ID. The Business EIN number is missing from the fie  - Due Diligence Vendor-XX/XX/XXXX		   Acknowledged-Client acknowledges that an EIN was not provided, however, accepts the bwr SSN as the EIN due to meets the IRS guidance for a disregarded entity located in a community property state. Loan will be rated a B. - Due Diligence Vendor-XX/XX/XXXX

   Acknowledged XX/XX/XXXX Investor Post-Close D B D B D B D B D B D B  
305191685 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Assets Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount Waived-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is less than Total Required Reserve Amount of $X,XXX.XX Lender exception for 3 months reserves.  Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material and loan will be graded a B - Due Diligence Vendor-XX/XX/XXXX   Waived-Total Qualified Assets for Reserves Post-Close of $X,XXX.XX is less than Total Required Reserve Amount of $X,XXX.XX Lender exception for 3 months reserves.  Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material and loan will be graded a B - Due Diligence Vendor-XX/XX/XXXX

 Fico > 740
DTI < 35%
Housing 0x30x24		 Waived XX/XX/XXXX Originator Pre-Close B B B B B B B B B B B B  
305191685 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance QM-ATR ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Waived-A policy exception for Open 30 Day account without documentation of the minimum payment was issued post-closing. Exception was provided with the appropriate compensating factors. Include payment using 5% of balance. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Account statement for open-ended 30-day account or assets to cover Open-End 30-day account balance.  - Due Diligence Vendor-XX/XX/XXXX		   Waived-A policy exception for Open 30 Day account without documentation of the minimum payment was issued post-closing. Exception was provided with the appropriate compensating factors. Include payment using 5% of balance. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

 Qualifying FICO of 744, 0 x 30 credit payment history, and DTI more than 10% below the maximum allowed of 50%.  Waived XX/XX/XXXX Investor Post-Close C B C B C B C B C B C B  
305191685 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Required Documentation is Missing Waived-A policy exception for Open 30 Day account without documentation of the minimum payment was issued post-closing. Exception was provided with the appropriate compensating factors. Include payment using 5% of balance. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

Open-Per the lender guidelines a copy of current account statement for the Open-End 30-day account to show minimum payment amount if account has a financing option similar to revolving account. If not, sufficient assets to cover balance must be verified in addition to funds required for closing and/or reserves.  Additional conditions may apply.  - Due Diligence Vendor-XX/XX/XXXX		   Waived-A policy exception for Open 30 Day account without documentation of the minimum payment was issued post-closing. Exception was provided with the appropriate compensating factors. Include payment using 5% of balance. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

 Qualifying FICO of 744 and DTI more than 10% below the maximum allowed of 50%. Waived XX/XX/XXXX Investor Post-Close D B D B D B D B D B D B  
305191685 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Property Value S&P value equals B, secondary product within tolerance Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-XX/XX/XXXX   Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-XX/XX/XXXX

   Acknowledged XX/XX/XXXX Investor Post-Close B B A A A A A A A A B B  
305202430 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Tolerance:Disclosure Federal - Closing Disclosure and Consummation Date Resolved-Lender provided 3 day waiting period waiver signed and dated by the Borrower. condition resolved. - Due Diligence Vendor-XX/XX/XXXX

Resolved-Lender provided 3 day waiting period waiver signed and dated by the Borrower.  - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Waiver - Due Diligence Vendor-XX/XX/XXXX

Open-The Initial Closing Disclosure Received Date of (XX/XX/XXXX) is not three business days before the consummation date of (XX/XX/XXXX). Three business days before the consummation date is (XX/XX/XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii))  The Initial Closing Disclosure Received Date of (XX/XX/XXXX) is not three business days before the consummation date of (XX/XX/XXXX). Three business days before the consummation date is (XX/XX/XXXX) - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Lender provided 3 day waiting period waiver signed and dated by the Borrower. condition resolved. - Due Diligence Vendor-XX/XX/XXXX

 Resolved-Lender provided 3 day waiting period waiver signed and dated by the Borrower.  - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305191684 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Approval/Underwriting Summary Not Provided Resolved-Received the Lender approval. Condition cleared. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Final approval  - Due Diligence Vendor-XX/XX/XXXX

Open-Missing Approval/Underwriting Summary Missing lenders loan approval or 1008.  - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Received the Lender approval. Condition cleared. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305191684 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Disclosure Appraisal Delivery Does Not Conform To E-Sign Act Resolved-Received e-consent. Condition cleared. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-econsent XX/XX/XXXX - Due Diligence Vendor-XX/XX/XXXX

Open-The appraisal was delivered electronically. E-Consent documentation is missing for borrower(s) or E-Consent not provided prior to appraisal delivery. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Received e-consent. Condition cleared. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305191684 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Disclosure E-Consent documentation is missing for borrower(s) Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-econsent - Due Diligence Vendor-XX/XX/XXXX

Open-E-Consent documentation is missing for borrower(s). E-Consent documentation is missing for borrower(s) - Due Diligence Vendor-XX/XX/XXXX		   Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305192251 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Audited LTV of 80% exceeds Guideline LTV of 70% As per GLs rural properties are eligible for cash out transaction up to 70%, but lender qualified with 80% however lender provided an approved exception with compensation factors. All compensating factors verified and valid.  Finding is non-material and loan will be graded a B - Due Diligence Vendor-XX/XX/XXXX   Waived-Audited LTV of 80% exceeds Guideline LTV of 70% As per GLs rural properties are eligible for cash out transaction up to 70%, but lender qualified with 80% however lender provided an approved exception with compensation factors. All compensating factors verified and valid.  Finding is non-material and loan will be graded a B - Due Diligence Vendor-XX/XX/XXXX

 1.Monthly reserves are verified AND at least 4 months more than guideline minimum - Yes
2.Qualifying DTI less than 35%, AND at least 10% less than guideline maximum -Yes
3.Housing payment history is 0x30x24 or better - Yes
4.Borrower has worked in same job more than 3 years - Yes
5.Borrower has worked in same industry more than 5 years - Yes
6. Borrower has verified residual Income (disposable income) of at least $X,XXX.XX per month		 Waived XX/XX/XXXX Originator Pre-Close B B B B B B B B B B B B  
305192251 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Eligibility Audited CLTV Exceeds Guideline CLTV Waived-Audited CLTV of 80% exceeds Guideline CLTV of 70% As per GLs rural properties are eligible for cash out transaction up to 70%, but lender qualified with 80% however lender provided an approved exception with compensation factors. All compensating factors verified and valid.  Finding is non-material and loan will be graded a B - Due Diligence Vendor-XX/XX/XXXX   Waived-Audited CLTV of 80% exceeds Guideline CLTV of 70% As per GLs rural properties are eligible for cash out transaction up to 70%, but lender qualified with 80% however lender provided an approved exception with compensation factors. All compensating factors verified and valid.  Finding is non-material and loan will be graded a B - Due Diligence Vendor-XX/XX/XXXX

 1.Monthly reserves are verified AND at least 4 months more than guideline minimum - Yes
2.Qualifying DTI less than 35%, AND at least 10% less than guideline maximum -Yes
3.Housing payment history is 0x30x24 or better - Yes
4.Borrower has worked in same job more than 3 years - Yes
5.Borrower has worked in same industry more than 5 years - Yes
6. Borrower has verified residual Income (disposable income) of at least $X,XXX.XX per month		 Waived XX/XX/XXXX Originator Pre-Close B B B B B B B B B B B B  
305175248 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance QM-ATR ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements Waived-A policy exception for LTV/CLTV/HCLTV was issued pre and post-closing. Exception was provided with the appropriate compensating factors. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

Open-ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements The subject transaction LTV was 83.33%.  Lender guidelines limit the DTI to 45% when the LTV is over 80%.    - Due Diligence Vendor-XX/XX/XXXX		   Waived-A policy exception for LTV/CLTV/HCLTV was issued pre and post-closing. Exception was provided with the appropriate compensating factors. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

 Qualifying FICO of 798; Post Closing Reserves of 31.71 months and housing history of 0 x 30 x 12. Waived XX/XX/XXXX Investor Post-Close C B C B C B C B C B C B  
305175248 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Eligibility Audited CLTV Exceeds Guideline CLTV Waived-A policy exception for LTV/CLTV/HCLTV was issued pre and post-closing. Exception was provided with the appropriate compensating factors. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

Open-Audited CLTV of 83.33% exceeds Guideline CLTV of 80% Maximum CLTV for an unwarrantable condo is 80%. The subject transaction CLTV was 83.33%. The loan file contains a Lender Exception for this issue but two of the four compensating factors were not valid (Compensating factor for LTV is less than 70% is not valid. Compensating factor for Housing Payment History is 0x30x24 or better is not valid.  File only documents 13 months of housing history, not 24 months).  - Due Diligence Vendor-XX/XX/XXXX		   Waived-A policy exception for LTV/CLTV/HCLTV was issued pre and post-closing. Exception was provided with the appropriate compensating factors. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

 Qualifying FICO of 798; Post Closing Reserves of 31.71 months and housing history of 0 x 30 x 12. Waived XX/XX/XXXX Investor Post-Close C B C B C B C B C B C B  
305175248 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-A policy exception for LTV/CLTV/HCLTV was issued pre and post-closing. Exception was provided with the appropriate compensating factors. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

Open-Audited LTV of 83.33% exceeds Guideline LTV of 80% Maximum LTV for an unwarrantable condo is 80%. The subject transaction LTV was 83.33%. The loan file contains a Lender Exception for this issue but two of the four compensating factors were not valid (Compensating factor for LTV is less than 70% is not valid. Compensating factor for Housing Payment History is 0x30x24 or better is not valid.  File only documents 13 months of housing history, not 24 months).  - Due Diligence Vendor-XX/XX/XXXX		   Waived-A policy exception for LTV/CLTV/HCLTV was issued pre and post-closing. Exception was provided with the appropriate compensating factors. Finding is non-material and loan will be graded a B. - Due Diligence Vendor-XX/XX/XXXX

 Qualifying FICO of 798; Post Closing Reserves of 31.71 months and housing history of 0 x 30 x  12. Waived XX/XX/XXXX Investor Post-Close C B C B C B C B C B C B  
305175248 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Eligibility Audited DTI Exceeds Guideline DTI Waived-A policy exception for LTV/CLTV/HCLTV and DTI was issued pre and post-closing. Exception was provided with the appropriate compensating factors. Finding is non-material and loan will be graded a B.

 - Due Diligence Vendor-XX/XX/XXXX

Open-Audited DTI of 46.42% exceeds Guideline DTI of 45% The subject transaction LTV was 83.33%.  Lender guidelines limit the DTI to 45% when the LTV is over 80%.  The loan file contains a Lender Exception for this issue but two of the four compensating factors were not valid (Compensating factor for LTV is less than 70% is not valid. Compensating factor for Housing Payment History is 0x30x24 or better is not valid.  File only documents 13 months of housing history, not 24 months).  - Due Diligence Vendor-XX/XX/XXXX		   Waived-A policy exception for LTV/CLTV/HCLTV and DTI was issued pre and post-closing. Exception was provided with the appropriate compensating factors. Finding is non-material and loan will be graded a B.

 - Due Diligence Vendor-XX/XX/XXXX

 Qualifying FICO of 798; Post Closing Reserves of 31.71 months and housing history of 0 x 30 x  12. Waived XX/XX/XXXX Investor Post-Close C B C B C B C B C B C B  
305197733 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305203997 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305180594 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305183748 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Missing Condo Master Insurance Policy Waived-Missing Condo Master Insurance Policy Per Guidelines, Section 1200 Property Insurance Requirements / Condominium Insurance, the condo master policy must meet XXXXXXXXX requirements, including applicable Wind/Hail coverage, replacement cost coverage, and deductible limits vs Evidence of Condo Wind/Hail coverage was not provided. Lender provided approved exception dated prior to close and all lender compensating factors have been documented and validated.  Finding is non-material and loan will be graded a B - Due Diligence Vendor-XX/XX/XXXX   Waived-Missing Condo Master Insurance Policy Per Guidelines, Section 1200 Property Insurance Requirements / Condominium Insurance, the condo master policy must meet XXXXXXXXX requirements, including applicable Wind/Hail coverage, replacement cost coverage, and deductible limits vs Evidence of Condo Wind/Hail coverage was not provided. Lender provided approved exception dated prior to close and all lender compensating factors have been documented and validated.  Finding is non-material and loan will be graded a B - Due Diligence Vendor-XX/XX/XXXX

 FICO higher than 740, AND at least 20 points higher than guideline minimum
Monthly reserves are verified AND at least 4 months more than guideline minimum		 Waived XX/XX/XXXX Originator Pre-Close B B B B B B B B B B B B  
305183555 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305183596 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Assets Asset Qualification Does Not Meet Guideline Requirements Waived-Asset Qualification Does Not Meet Guideline Requirements Lender guidelines require 4 months of account statements for asset depletion program. 3 of the accounts used only have 3 months.  Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material and loan will be graded a B - Due Diligence Vendor-XX/XX/XXXX   Waived-Asset Qualification Does Not Meet Guideline Requirements Lender guidelines require 4 months of account statements for asset depletion program. 3 of the accounts used only have 3 months.  Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material and loan will be graded a B - Due Diligence Vendor-XX/XX/XXXX
 LTV < 70%
Fico > 740
Reserves		 Waived XX/XX/XXXX Originator Pre-Close B B B B B B B B B B B B  
305183596 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Property Value S&P value equals B, secondary product within tolerance Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-XX/XX/XXXX   Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-XX/XX/XXXX

   Acknowledged XX/XX/XXXX Investor Post-Close B B A A A A A A A A B B  
305200967 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305197629 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305207592 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305203947 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305210741 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Borrower 1 3rd Party VOE Prior to Close Missing Resolved-Lender provided VVOE for Borrower. condition resolved. - Due Diligence Vendor-XX/XX/XXXX

Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-VOE - Due Diligence Vendor-XX/XX/XXXX

Open-Borrower 1 3rd Party VOE Prior to Close Missing Per guidelines, a verbal verification of employment (VVOE) will be obtained within 20 business days prior to the note date. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Lender provided VVOE for Borrower. condition resolved. - Due Diligence Vendor-XX/XX/XXXX

 Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305210741 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance QM-ATR ATR Risk - Employment validation/verification standards do not meet requirements Resolved-Lender provided VVOE for Borrower. condition resolved. - Due Diligence Vendor-XX/XX/XXXX

Resolved-ATR Risk - Employment validation/verification standards meet requirements - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-VOE - Due Diligence Vendor-XX/XX/XXXX

Open-ATR Risk - Employment validation/verification standards do not meet requirements Per guidelines, a verbal verification of employment (VVOE) will be obtained within 20 business days prior to the note date. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Lender provided VVOE for Borrower. condition resolved. - Due Diligence Vendor-XX/XX/XXXX

 Resolved-ATR Risk - Employment validation/verification standards meet requirements - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305220308 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305215635 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Borrower 1 Gap Credit Report is Missing Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded. Please see the attached Pre-Close Credit Report. Thank you. - Buyer-XX/XX/XXXX

Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305215635 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Borrower 2 Gap Credit Report is Missing Resolved-Borrower 2 Gap Credit Report is not missing. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded. Please see the attached Pre-Close Credit Report. Thank you. - Buyer-XX/XX/XXXX

Open-Borrower 2 Gap Credit Report is Missing - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Borrower 2 Gap Credit Report is not missing. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305215635 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance QM-ATR ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Can you please clarify and advise how we can proceed? Thank you. - Buyer-XX/XX/XXXX

Ready for Review-Document Uploaded. Please see the attached Pre-Close Credit Report. Thank you. - Buyer-XX/XX/XXXX

Open-ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements Missing Gap Credit Report for both borrower 1 and borrower 2. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305076771 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Property Value S&P value equals B, secondary product within tolerance Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. S&P RA Only - Value grade equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-XX/XX/XXXX   Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. S&P RA Only - Value grade equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-XX/XX/XXXX

   Acknowledged XX/XX/XXXX Investor Post-Close B B A A A A A A A A B B  
305023570 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Required Documentation is Missing Resolved-Final Closing Disclosure provided signed and dated XX/XX/XXXX - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-XX/XX/XXXX XXXXXXXX: Please see attached document  - Due Diligence Vendor-XX/XX/XXXX

Open-Missing evidence of the monthly payment for the Borrower's Primary Residence. The Closing Disclosure provided is not final.  - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Final Closing Disclosure provided signed and dated XX/XX/XXXX - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305136606 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305215633 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Missing Doc RESPA: IEADS Required - Missing or Incomplete Resolved-RESPA: IEADS Required is Provided or Not Applicable - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded.  - Buyer-XX/XX/XXXX

Open-RESPA: IEADS Required - Missing This finding is non-material and will be rated a B for all agencies.  - Due Diligence Vendor-XX/XX/XXXX		   Resolved-RESPA: IEADS Required is Provided or Not Applicable - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A B A B A B A B A B A B A  
305196084 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance QM-ATR ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Resolved-Received updated 1008/1003 and AUS removing gift funds. Resolved - Due Diligence Vendor-XX/XX/XXXX

Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Gift funds not used for closing, removed from application - updated docs provided  - Due Diligence Vendor-XX/XX/XXXX

Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Missing receipt of gift  - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Received updated 1008/1003 and AUS removing gift funds. Resolved - Due Diligence Vendor-XX/XX/XXXX

 Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305196084 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Assets Asset Qualification Does Not Meet Guideline Requirements Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Gift funds were not used for qualification, updated docs provided with gift funds removed  - Due Diligence Vendor-XX/XX/XXXX

Open-Asset Qualification Does Not Meet Guideline Requirements Missing evidence of receipt of gift. Additional conditions may apply  - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305215620 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Missing Doc RESPA: IEADS Required - Missing or Incomplete Resolved-RESPA: IEADS Required is Provided or Not Applicable - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded.  - Buyer-XX/XX/XXXX

Open-RESPA: IEADS Required - Missing This finding is non-material and will be rated a B for all agencies.  - Due Diligence Vendor-XX/XX/XXXX		   Resolved-RESPA: IEADS Required is Provided or Not Applicable - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A B A B A B A B A B A B A  
305079350 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Borrower 4 Credit Report is Missing Resolved-Borrower 4 Credit Report is not missing. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-There are only 3 borrowers on this file. The 4th signature on the note is only a trustee so there will not be a CBR - Due Diligence Vendor-XX/XX/XXXX

Open-Borrower 4 Credit Report is Missing. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Borrower 4 Credit Report is not missing. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305101400 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305215613 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Missing Doc RESPA: IEADS Required - Missing or Incomplete Resolved-RESPA: IEADS Required is Provided or Not Applicable - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded.  - Buyer-XX/XX/XXXX

Open-RESPA: IEADS Required - Missing This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-RESPA: IEADS Required is Provided or Not Applicable - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A B A B A B A B A B A B A  
305215612 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Missing Doc RESPA: IEADS Required - Missing or Incomplete Resolved-RESPA: IEADS Required is Provided or Not Applicable - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded.  - Buyer-XX/XX/XXXX

Open-RESPA: IEADS Required - Missing This finding is non-material and will be rated a B for all agencies.  - Due Diligence Vendor-XX/XX/XXXX		   Resolved-RESPA: IEADS Required is Provided or Not Applicable - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A B A B A B A B A B A B A  
305167997 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305215528 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Eligibility Audited LTV Exceeds Guideline LTV Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B.  - Due Diligence Vendor-XX/XX/XXXX

Waived-Lender exception received - waived/acknowledged - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Document Uploaded. Please see the attached Exception Approval. Thank you for your help.  - Buyer-XX/XX/XXXX

Open-Audited LTV of 75% exceeds Guideline LTV of 70% Documentation in the loan file indicates that an exception was approved for LTV of 75% with DSCR <1.00% for inexperience investor; however, no evidence of approved exception was found. - Due Diligence Vendor-XX/XX/XXXX		   Waived-Lender provided approved exception dated prior to origination and all lender compensation factors have been documented and validated. Finding is non-material, and loan will be graded a B.  - Due Diligence Vendor-XX/XX/XXXX

 Waived-Lender exception received - waived/acknowledged - Due Diligence Vendor-XX/XX/XXXX

 Excellent Housing Payment History, Reserves Waived XX/XX/XXXX Originator Post-Close C B C B C B C B C B C B  
305215565 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305182064 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305182063 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305182316 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance QM-ATR ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Resolved-Updated income worksheet including a more recent bank statement provided. Resolved. - Due Diligence Vendor-XX/XX/XXXX

Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Bank stmnt, revised 1008 and revised income worksheet attached - Due Diligence Vendor-XX/XX/XXXX

Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Loan program is 24 months banks statement however 23 months bank statement are present. Bank statement for XX/XX/XXXX is missing from file. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Updated income worksheet including a more recent bank statement provided. Resolved. - Due Diligence Vendor-XX/XX/XXXX

 Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305182316 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Borrower 1 Credit Report is Missing Resolved-Credit report provided - Due Diligence Vendor-XX/XX/XXXX

Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-- - Due Diligence Vendor-XX/XX/XXXX

Open-Borrower 1 Credit Report is Missing. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Credit report provided - Due Diligence Vendor-XX/XX/XXXX

 Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305182316 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance QM-ATR ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements Resolved-Credit report provided. - Due Diligence Vendor-XX/XX/XXXX

Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Attached. - Due Diligence Vendor-XX/XX/XXXX

Open-ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements Borrower 1 Credit Report is Missing. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Credit report provided. - Due Diligence Vendor-XX/XX/XXXX

 Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305182316 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Required Documentation is Missing Resolved-Updated income worksheet including a more recent bank statement provided. Resolved. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Bank stmnt, revised 1008 and revised income worksheet attached - Due Diligence Vendor-XX/XX/XXXX

Open-Loan program is 24 months banks statement however 23 months bank statement are present. bank statement for XX/XX/XXXX is missing in file.
 - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Updated income worksheet including a more recent bank statement provided. Resolved. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305182314 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305182039 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Missing Business Purpose Affidavit Resolved-Business Purpose Affidavit provided - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Occupancy affidavit received and acceptable - Due Diligence Vendor-XX/XX/XXXX

Open-The loan file is missing the Business Purpose Affidavit as required by Lender guidelines. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Business Purpose Affidavit provided - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305182295 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Disclosure Appraisal Delivery Does Not Conform To E-Sign Act Resolved-E-consent received - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Attached. - Due Diligence Vendor-XX/XX/XXXX

Open-The appraisal was delivered electronically. E-Consent documentation is missing for borrower(s) or E-Consent not provided prior to appraisal delivery. Appraisal was delivered to borrower electronically. Missing E-Consent. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-E-consent received - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305182295 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Disclosure E-Consent documentation is missing for borrower(s) Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-attached. - Due Diligence Vendor-XX/XX/XXXX

Open-E-Consent documentation is missing for borrower(s). - Due Diligence Vendor-XX/XX/XXXX		   Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305182295 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Missing Doc ECOA: Most Recent Primary Appraisal Not Provided to Applicant Acknowledged-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. ECOA: Most Recent Primary Appraisal Date of XX/XX/XXXX is after the Primary Appraisal Delivery Date of XX/XX/XXXX.  This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX   Acknowledged-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. ECOA: Most Recent Primary Appraisal Date of XX/XX/XXXX is after the Primary Appraisal Delivery Date of XX/XX/XXXX.  This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX

   Acknowledged XX/XX/XXXX Investor Post-Close B B B B B B B B B B B B  
305214803 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Disclosure E-Consent documentation is missing for borrower(s) Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Attached. - Due Diligence Vendor-XX/XX/XXXX

Open-E-Consent documentation is missing for borrower(s). The loan file has evidence that documents were sent to and signed electronically by the Borrower.  The loan file is missing evidence of the Borrower's consent to receive documents electronically.  - Due Diligence Vendor-XX/XX/XXXX		   Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305214803 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Missing Doc ECOA: Most Recent Primary Appraisal Not Provided to Applicant Acknowledged-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. The appraisal in file was signed by the appraiser on XX/XX/XXXX.  The loan file last documents a copy of the appraisal being provided to the Borrower on XX/XX/XXXX. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX   Acknowledged-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. The appraisal in file was signed by the appraiser on XX/XX/XXXX.  The loan file last documents a copy of the appraisal being provided to the Borrower on XX/XX/XXXX. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-XX/XX/XXXX

   Acknowledged XX/XX/XXXX Investor Post-Close B B B B B B B B B B B B  
305182288 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Disclosure Appraisal Delivery Does Not Conform To E-Sign Act Resolved-E-consent received. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-- - Due Diligence Vendor-XX/XX/XXXX

Open-The appraisal was delivered electronically. E-Consent documentation is missing for borrower(s) or E-Consent not provided prior to appraisal delivery. Appraisal was delivered to borrower electronically. Missing E-Consent. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-E-consent received. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305182288 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Disclosure E-Consent documentation is missing for borrower(s) Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-- - Due Diligence Vendor-XX/XX/XXXX

Open-E-Consent documentation is missing for borrower(s).
 - Due Diligence Vendor-XX/XX/XXXX		   Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305214798 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Disclosure Appraisal Delivery Does Not Conform To E-Sign Act Resolved-E-consent received - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-attached. - Due Diligence Vendor-XX/XX/XXXX

Open-The appraisal was delivered electronically. E-Consent documentation is missing for borrower(s) or E-Consent not provided prior to appraisal delivery. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-E-consent received - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305214798 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Compliance Disclosure E-Consent documentation is missing for borrower(s) Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-attached. - Due Diligence Vendor-XX/XX/XXXX

Open-E-Consent documentation is missing for borrower(s). - Due Diligence Vendor-XX/XX/XXXX		   Resolved-E-Consent documentation for borrower(s) provided. - Due Diligence Vendor-XX/XX/XXXX

 E-Consent documentation is missing for borrower(s). Resolved XX/XX/XXXX N/A C A C A C A C A C A C A  
305214453 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Eligibility Audited Loan Amount is less than Guideline Minimum Loan Amount Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX A Lender exception is present in the loan file, dated prior to consummation, all lender compensating factors have been documented and validated.  - Due Diligence Vendor-XX/XX/XXXX   Waived-Audited Loan Amount of $X,XXX.XX is less than the Guideline Minimum Loan Amount of $X,XXX.XX A Lender exception is present in the loan file, dated prior to consummation, all lender compensating factors have been documented and validated.  - Due Diligence Vendor-XX/XX/XXXX

 DSCR – Min – 1%, Subj 1.69%
Multiple accounts with history dating back to XXXX. No lates in the last 60+ months.
Waived XX/XX/XXXX Originator Pre-Close B B B B B B B B B B B B  
305214422 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305214400 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305203056 XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX/XX/XXXX Credit Missing Doc Missing Evidence of Insurance for REO Resolved-Evidence of Insurance for XXXXXXXX(3b) provided. condition resolved. - Due Diligence Vendor-XX/XX/XXXX

Ready for Review-Evidence of Insurance for XXXXXXXX - Due Diligence Vendor-XX/XX/XXXX

Open-Missing Evidence of Insurance for 3b property on final application. - Due Diligence Vendor-XX/XX/XXXX		   Resolved-Evidence of Insurance for XXXXXXXX(3b) provided. condition resolved. - Due Diligence Vendor-XX/XX/XXXX

   Resolved XX/XX/XXXX N/A D A D A D A D A D A D A  
305190749 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305220757 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305220979 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A  
305206670 XXXXXXXX XXXXXXXX XXXXXXXX     NO FINDINGS NO FINDINGS NO FINDINGS         NO FINDINGS     A A A A A A A A A A A A