MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM12 ABS-15G
Exhibit 99.2 - Schedule 1
| Exception Grades |
| Run Date - 10/15/2026 12:14:48 AM |
| SitusAMC Loan ID | Customer Loan ID | Seller Loan ID | Investor Loan Number | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | 15E Category | Exception | Exception Detail | Exception Information | Compensating Factors | Compensating Factor Information | Applying Party | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Waived with Regrade | Exception Level Grade | DBRS Initial Exception Rating | DBRS Final Exception Rating | Fitch Initial Exception Rating | Fitch Final Exception Rating | Kroll Initial Exception Rating | Kroll Final Exception Rating | Moody's Initial Exception Rating | Moody's Final Exception Rating | S&P Initial Exception Rating | S&P Final Exception Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade |
Overall Final Loan Grade |
Credit Initial Loan Grade |
Credit Final Loan Grade |
Compliance Initial Loan Grade |
Compliance Final Loan Grade |
Property Initial Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| [Redact] | 9807756 | [Redact] | [Redact] | 34745595 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-01-02): HOI Seller Comment (2025-12-31): rea Seller Comment (2025-12-30): [Redact] [Redact] Seller Comment (2025-12-29): LE's Seller Comment (2025-12-29): urla Seller Comment (2025-12-29): title Seller Comment (2025-12-29): Commitment Seller Comment (2025-12-23): missing docs Seller Comment (2025-12-23): True and certified Note |
01/16/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 9807756 | [Redact] | [Redact] | 35340290 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | The file is missing the [Redact] statement for account xx[Redact] used to calculate the income. | Reviewer Comment (2026-02-01): Received and associated Bank statement. Exception cleared. Seller Comment (2026-01-29): reuploaded statement Reviewer Comment (2026-01-28): Statement is not available in acuity. Please provide [Redact] statement for account xx[Redact] used to calculate the income. Exception remains. Seller Comment (2026-01-28): statement provided Seller Comment (2026-01-28): [Redact] statement uploaded |
02/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 9807756 | [Redact] | [Redact] | 35340294 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The file is missing the [Redact] statement for account xx[Redact] used to calculate the income. | Reviewer Comment (2026-02-01): Received and associated Bank statement. Exception cleared. Seller Comment (2026-01-30): [Redact] statement provided Reviewer Comment (2026-01-28): Statement is not available in acuity. Please provide [Redact] statement for account xx[Redact] used to calculate the income. Exception remains. Seller Comment (2026-01-28): statement Seller Comment (2026-01-28): [Redact] statement |
02/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 9807756 | [Redact] | [Redact] | 35364009 | Credit | Collateral | Missing/Incorrect | Collateral | Collateral report shows issues with Note. | Missing | Buyer Comment (2026-01-16): Waived on Rate Lock: Collateral cleared by Custodian |
01/16/2026 | No | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| [Redact] | 10084833 | [Redact] | 35928974 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Appraisal report dated [Redacted] missing evidence of receipt. | Reviewer Comment (2026-01-16): Appraisal delivery received and captured in file; Exception cleared. Buyer Comment (2026-01-15): Appraisal sent [Redacted] |
01/16/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10084833 | [Redact] | 35928975 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Loan considered to be ""non-compliant"" due to lack of explicit documentation to evidence delivery of the appraisal to the borrower. | Reviewer Comment (2026-01-16): Appraisal delivery received and captured in file; Exception cleared. Buyer Comment (2026-01-15): Appraisal sent [Redacted] |
01/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10084833 | [Redact] | 35928976 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Loan considered to be ""non-compliant"" due to lack of explicit documentation to evidence delivery of the appraisal to the borrower. | Reviewer Comment (2026-01-16): Appraisal delivery received and captured in file; Exception cleared. Buyer Comment (2026-01-15): Appraisal sent [Redacted] |
01/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10084833 | [Redact] | 35928977 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Reviewer Comment (2026-01-13): COC received to valid rate lock; Exception cleared. Buyer Comment (2026-01-12): Rate locked on [Redacted] |
01/13/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10084833 | [Redact] | 35928980 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | The Loan Discount Points of $[Redacted] was added to LE dated [Redacted], with no valid change provided. | Reviewer Comment (2026-01-13): [Redacted] received valid changed circumstance. Buyer Comment (2026-01-12): COC attached |
01/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10084833 | [Redact] | 35928981 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | The Transfer Taxes were increased on the final CD dated [Redacted], with no valid change provided. | Reviewer Comment (2026-01-13): [Redacted]: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception. Buyer Comment (2026-01-12): Final CD [Redacted] has a lender credit of $[Redacted] for the increase of Transfer Tax. |
01/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10084833 | [Redact] | 35928984 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-01-13): Sufficient Cure Provided At Closing |
01/13/2026 | No | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| [Redact] | 10193528 | [Redact] | [Redact] | 35940607 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-04-22): Waived on Rate Lock: Collateral cleared by Custodian |
04/22/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10193528 | [Redact] | [Redact] | 36301780 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | 04/17/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10193528 | [Redact] | [Redact] | 36301791 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | 04/17/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10195794 | [Redact] | [Redact] | 35957726 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Reviewer Comment (2026-04-15): Cleared per the client Seller Comment (2026-04-09): Tracking Number [Redact] |
04/15/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10195794 | [Redact] | [Redact] | 36127831 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of [Redact] is less than the note amount of [Redact] based on the Preliminary in file. | 03/25/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10195794 | [Redact] | [Redact] | 36133095 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. [Redact] over legal limit. Insufficient or no cure was provided to the borrower. | 10% tolerance was exceeded by [Redact] due to the increase of Recording Fees. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2026-04-09): [Redact] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2026-04-08): PCCD, check and label Reviewer Comment (2026-04-01): [Redact] received email log from title which confirms the fees are charged for [Redact] and [Redact]. However from the email log we are unable to identify as to what new information was received that resulted in increase in recording fee. Moreover, as per file the recording fee was increased on revised LE dated [Redact] from [Redact] to [Redact] which is prior to closing when final SS is received from title. Also, if the fees are increased due to additional service like [Redact] please provide specific details as to when lender has become aware of the change in case if this information was already known to lender at the time of initial LE cure will be due to the borrower. Cure requirements include LOE, corrected CD, proof of mailing and copy of refund check. Seller Comment (2026-03-31): please see title attestation confirming the revise recording amount was provided to [Redact] at the time of closing Reviewer Comment (2026-03-27): [Redact] received Changed Circumstance dated [Redact], but it does not give sufficient information on why the recording fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. " Seller Comment (2026-03-26): Please clarify, LE dated [Redact], Pg [Redact], reflected a loan amount of [Redact] and the final CD reflected an increase loan amount of [Redact], which is a valid COC. |
04/09/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10195794 | [Redact] | [Redact] | 36176351 | Credit | Collateral | Missing/Incorrect | Collateral | Collateral report shows issues with Note. | The Lifetime Cap does not agree with Schedule SCH: MISSING :NOTE: 1.00000 | Reviewer Comment (2026-04-15): Cleared per the client Seller Comment (2026-04-09): following up with request for clarification Seller Comment (2026-03-30): please clarify, the issue with the schedule on the note. |
04/15/2026 | No | 1 | A | A | A | A | A | [Redact] | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| [Redact] | 10263260 | [Redact] | 36358004 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Evidence: ___; State: ___ |
The Preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | 04/29/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10284733 | [Redact] | 36403148 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant three (3) business days prior to consummation. | Verification appraisal delivered to borrower was not provided. | Reviewer Comment (2026-05-06): Client elected to waive the condition |
05/06/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10284733 | [Redact] | 36403150 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). | Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] versus an investor allowable total of $[Redacted]. | Buyer Comment (2026-05-08): Non-Material Reviewer Comment (2026-05-07): This is part of the client's deal settings. Condition is valid and remains open Seller Comment (2026-05-07): This is not an Agency loan rather a Non-QM loan program. |
05/08/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10284733 | [Redact] | 36407651 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Property is located in a rural area per appraisal, max LTV is [Redacted]% per guidelines. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
[Redacted]+ years business ownership | [Redact],Originator Pre-Close,Aggregator [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-05-12): Client elected to waive the condition with the following compensating factors: [Redacted]+ years business ownership [Redacted]+ mortgage history Reviewer Comment (2026-05-08): Elevated to the client for review for a possible exception. Lender exception approval provided. Seller Comment (2026-05-07): Approved credit exception uploaded for review. |
05/12/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||
| [Redact] | 10284733 | [Redact] | 36407653 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Property is located in a rural area per appraisal, max LTV is [Redacted]% per guidelines. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
[Redacted]+ years business ownership | [Redact],Originator Pre-Close,Aggregator [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-05-12): Client elected to waive the condition with the following compensating factors: [Redacted]+ years business ownership [Redacted]+ mortgage history Reviewer Comment (2026-05-08): Elevated to the client for review for a possible exception. Lender exception approval provided. Seller Comment (2026-05-07): Approved credit exception uploaded to trailing docs for review. |
05/12/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||
| [Redact] | 10297874 | [Redact] | [Redact] | 36409504 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-06-11): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-06-09): [Redact] Tracking Number [Redact] |
06/11/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10297874 | [Redact] | [Redact] | 36680646 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file was missing a copy of the Mortgage Statement or other documentation to verify the PITIA of the REO. | Reviewer Comment (2026-06-12): Received and associated 1073 verified HOA. Exception cleared. Seller Comment (2026-06-11): please see attached reo appraisal with HOA amount Reviewer Comment (2026-06-10): Recvd CD and Taxes and Insurance docs. Please provide HOA documentation to verify monthly HOA dues. Seller Comment (2026-06-09): please see attached [Redact] reo docs |
06/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10337877 | [Redact] | 36731775 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% are in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] versus an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | Buyer Comment (2026-06-23): Initial and Final Grade B, accepted |
06/23/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| [Redact] | 10337877 | [Redact] | 36756170 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Final Closing Disclosure/First Payment Letter not provided. Note: the LE in file is not sufficient to support the PITIA. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrower has verified disposable income of at least $[Redacted]. |
Client elects to waive with compensating factors: [Redacted] months reserves. Client elects to waive with compensating factors: Residual income of [Redacted] monthly. |
[Redact],Aggregator Aggregator,[Redact] |
Reviewer Comment (2026-06-26): Client elects to waive with compensating factors: [Redacted] months reserves, Residual income of [Redacted]monthly. Reviewer Comment (2026-06-25): Seller unable to provide Final CD or First Payment Letter for primary residence purchase. Client to review. Seller Comment (2026-06-24): The borrowers were not closing on the purchase until after the refinanced closed as they needed to free up their [Redact] entitlement with this refinance. LE is what is available during the transaction. |
06/26/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||
| [Redact] | 10337877 | [Redact] | 36756290 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - High Cost as Primary | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more high cost thresholds. | The initial 1003 identified the borrowers would occupy the subject as a primary residence. The loan failed the High-Cost testing due to the prepayment penalty of [Redacted] months interest for [Redacted] years, exceeds the max of [Redacted]% of the amount prepaid. In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required. | Reviewer Comment (2026-07-16): Client elected to waive the condition Reviewer Comment (2026-07-16): Re-graded to EV2-B based on attestation from borrower and documentation in file indicating investment occupancy, which would not be eligible for high cost or higher priced testing. Seller Comment (2026-07-16): hello. LOE was uploaded a few days ago. is there anything else you need? Seller Comment (2026-07-14): LOE for error on 1003 Reviewer Comment (2026-07-09): The additional documentation provided will not be considered to downgrade the condition. An attestation from the borrowers identifying that the declarations section of the 1003 was an error and the subject will not be owner occupied is the only documentation that will be considered for a downgrade. Buyer Comment (2026-07-09): LOE Reviewer Comment (2026-07-06): This condition was not waived. The condition carries a grade of EV3/C, which is ineligible for purchase. In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required. Condition is valid and remains open Seller Comment (2026-07-01): that condition was waived. why would you still need an LOE Reviewer Comment (2026-07-01): A revised 1003 will not clear this condition. The loan failed High Cost testing when tested as a primary residence. In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required. Condition is valid and remains open Seller Comment (2026-06-29): updated initial 1003..pleaes clarify why an LOE is needed ? errors and omissions disclosure should cover this correction |
07/16/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10352554 | [Redact] | [Redact] | 36751786 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-07-20): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-07-13): [Redact] Tracking Number [Redact] |
07/20/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10352554 | [Redact] | [Redact] | 36925716 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on a Original Loan Amount of [Redact] vs. an allowable total of [Redact] and [Redact] (2026) (an overage of [Redact] or [Redact]). | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on a Original Loan Amount of [Redact] vs. an allowable total of [Redact] and [Redact]. | Reviewer Comment (2026-07-10): Client elected to waive the condition on the Non-QM 1st lien |
07/10/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Limited Cash-out GSE | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10352554 | [Redact] | [Redact] | 36925784 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provides a copy of the insurer's replacement cost estimate supporting the current coverage amount. | Reviewer Comment (2026-07-14): Received and associated Replacement Cost Estimator. Exception cleared. Seller Comment (2026-07-14): See email Reviewer Comment (2026-07-14): Policy does not specify the amount or percentage of replacement cost included. Provide a copy of the replacement cost estimator from the insurance company, a revised policy/dec page with increased coverage, or documentation from the insurance company verifying the policy has Guaranteed Replacement cost coverage. Exception remains. Seller Comment (2026-07-13): The HOI policy states replacement cost. [Redact] |
07/14/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10352554 | [Redact] | [Redact] | 36939659 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | 07/12/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10352554 | [Redact] | [Redact] | 37011102 | Credit | Collateral | Missing/Incorrect | Collateral | Collateral report shows issues with Note. | Mortgagor Name(s) does not agree with Schedule SCH: [Redact] NOTE: [Redact] | Buyer Comment (2026-07-20): Waived on Rate Lock: Collateral cleared by Custodian |
07/20/2026 | No | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| [Redact] | 10337857 | [Redact] | 36777149 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Buyer Comment (2026-06-23): Initial and Final Grade B, accepted |
06/23/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| [Redact] | 10337857 | [Redact] | 36777174 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of [Redact] is less than the note amount of [Redact] based on the Preliminary in file. | 06/22/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10354012 | [Redact] | [Redact] | 36759748 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-14): (Rate Lock) [Redact] |
09/21/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10354069 | [Redact] | [Redact] | 36760929 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-07-17): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-07-15): (Rate Lock) Per tracking [Redact] the note was delivered on [Redact]. |
07/17/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | D | B | A | A | B | B | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10354069 | [Redact] | [Redact] | 36967281 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Loan is to be securitized. Secondary valuation is missing. | Reviewer Comment (2026-07-20): Received CDA. Exception cleared. Seller Comment (2026-07-17): (Rate Lock) CDA |
07/20/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | B | A | A | B | B | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10354069 | [Redact] | [Redact] | 36969885 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal delivered to borrower was not provided. | 07/14/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | D | B | A | A | B | B | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10357381 | [Redact] | [Redact] | 36809525 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-07-29): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-07-20): [Redact] Tracking ID is [Redact]. |
07/29/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10357381 | [Redact] | [Redact] | 37013306 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Final Closing Disclosure/First Payment Letter not provided. Final 1003 identified a 2nd mortgage with the same lender as the subject and proof of the payment was missing. | Reviewer Comment (2026-07-22): Received closing disclosure. Exception cleared. Seller Comment (2026-07-21): please see attached cd for [Redact], closed on [Redact] |
07/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10325998 | [Redact] | 36868399 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | The file is missing a copy of the Note. | Reviewer Comment (2026-07-24): Note provided. Excdeption cleared. Seller Comment (2026-07-22): Note attached for review. |
07/24/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | B | C | A | D | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10325998 | [Redact] | 36868400 | Credit | Missing Document | General | Missing Document | Missing Document: Rider - MERS not provided | The file is missing a copy of the MERS Rider attached to the DOT. | Reviewer Comment (2026-07-24): Rider provided. Excdeption cleared. Seller Comment (2026-07-22): MERS Rider attached for review. |
07/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | C | A | D | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10325998 | [Redact] | 36871265 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - Not High Cost and Not Higher Priced | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). | The mortgage loan file contains documenting evidence that the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). | 07/02/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | D | B | C | A | D | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10356608 | [Redact] | 36884347 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on the subject loan of [Redact] are in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] versus an investor allowable total of [Redact]. | Buyer Comment (2026-07-07): Initial and Final Grade B, accepted |
07/07/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10356494 | [Redact] | 36884079 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-07-06): Sufficient Cure Provided At Closing |
07/06/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10356494 | [Redact] | 36885057 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Buyer Comment (2026-07-07): Initial and Final Grade B, accepted |
07/07/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| [Redact] | 10356584 | [Redact] | 36889375 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided | 1008 was not provided. | Reviewer Comment (2026-07-13): 1008 provided Seller Comment (2026-07-09): 1008 |
07/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10356547 | [Redact] | 36886965 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception provided for number of REO exceeding the limit per guidelines. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least [Redact]. Borrower has worked in the same position for more than 3 years. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
336.71 months reserves residual income of [Redact] monthly. |
[Redact],Originator Pre-Close,Aggregator [Redact] Aggregator,[Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-07-09): Client elected to waive the condition with the following Comp Factors: 336.71 months reserves, residual income of [Redact] monthly. |
07/09/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||
| [Redact] | 10356560 | [Redact] | 36886693 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Guidelines do not allow for the Hazard Insurance Policy to have an effective date that is after the later of the disbursement, note, or transaction date. | Reviewer Comment (2026-07-15): Updated dec page with earlier effective dates provided Seller Comment (2026-07-13): policy |
07/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10356574 | [Redact] | 36887337 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | - | Condo/PUD warranty document is required to confirm the condo is warrantable. | Reviewer Comment (2026-07-15): Project approval provided Seller Comment (2026-07-13): complete condo form |
07/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10356574 | [Redact] | 36887343 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Hazard Insurance Policy Effective Date within the closing date [Redact] is required. | Reviewer Comment (2026-07-15): Updated dec page with earlier effective dates provided Seller Comment (2026-07-13): hoi is dated [Redact] |
07/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10356522 | [Redact] | 36886091 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | Appraisal was made subject to, and 442 is not in images. | Reviewer Comment (2026-07-15): 442 provided Seller Comment (2026-07-13): complete 1004D |
07/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | A | A | B | B | C | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10356522 | [Redact] | 36886143 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] versus an investor allowable total of [Redact]. | Buyer Comment (2026-07-09): Initial and Final Grade B, accepted |
07/09/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | B | B | C | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10356595 | [Redact] | 36900230 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | - | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | Reviewer Comment (2026-07-15): Project review provided Seller Comment (2026-07-13): complete condo form |
07/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10356595 | [Redact] | 36903429 | Credit | Guideline | Guideline Issue | Guideline | The number of financed properties exceeds guidelines. | The guidelines allow up to [Redacted] properties (financed or free and clear) and the borrowers have [Redacted], including the subject. Lender exception approval in file. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
LTV [Redacted]% residual income of $[Redacted] monthly. |
[Redact],Aggregator [Redact] Aggregator,[Redact] [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-07-09): Client elected to waive the condition with the following Comp Factors: LTV [Redacted]%, residual income of $ [Redacted]monthly. |
07/09/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||
| [Redact] | 10356576 | [Redact] | 36900360 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Guidelines do not allow for the Hazard Insurance Policy to have an effective date that is after the later of the disbursement, note, or transaction date. | Reviewer Comment (2026-07-16): Post-close CD and final settlement statement provided verifying an updated disbursement date. Seller Comment (2026-07-14): PCCD for disbursement |
07/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10356602 | [Redact] | 36900535 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Guidelines do not allow for the Hazard Insurance Policy to have an effective date that is after the later of the disbursement date, note date, or transaction date. | Reviewer Comment (2026-07-15): Post-close CD and final settlement statement provided verifying an updated disbursement date. Seller Comment (2026-07-14): PCCD for disbursement |
07/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10356602 | [Redact] | 36900556 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide an updated policy reflecting minimum coverage of [Redact] or provide a copy of the insurer's replacement cost estimate supporting the current coverage amount. | Reviewer Comment (2026-07-15): RCE provided Seller Comment (2026-07-15): RCE |
07/15/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10356605 | [Redact] | 36892103 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | The HOI declaration page was in effect after the later of the disbursement, note or transaction date. Provide a revised declarations page in effect on or prior to the transaction date of [Redact]. | Reviewer Comment (2026-07-16): Post-close CD and final settlement statement provided verifying an updated disbursement date. Seller Comment (2026-07-14): PCCD showing disbursement |
07/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10337860 | [Redact] | 36890879 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file was missing a copy of the final title policy. | Reviewer Comment (2026-07-16): Final title provided |
07/16/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10337860 | [Redact] | 36890911 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Buyer Comment (2026-07-09): Initial and Final Grade B, accepted |
07/09/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| [Redact] | 10337860 | [Redact] | 36900740 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy does not reflect a coverage amount (no final title policy in file). Unable to determine if appropiate coverage is provided. | The preliminary title report in the file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2026-07-16): Final title provided Seller Comment (2026-07-14): final title policy attached |
07/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10337860 | [Redact] | 36900741 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo/co-op is warrantable. | - | Reviewer Comment (2026-07-16): Project review provided Seller Comment (2026-07-14): singed condo form |
07/16/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10366160 | [Redact] | [Redact] | 36868326 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-08-26): (Rate Lock) [Redact] |
09/02/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10366160 | [Redact] | [Redact] | 37249149 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Final 1003 reflects address of [Redact], however file contains documents for [Redact]. Please confirm correct address. If [Redact] is a typo, please provide corrected 1003. If [Redact] is a valid address, please provide documentation to verify PITA. Note: it appears this property was recently refinanced with the same lender as the lender on the subject loan. Provide a copy of the final CD or other docs to verify the new PITIA. | Reviewer Comment (2026-08-27): CD from simultaneous refinance of the REO provided verifying the PITIA. Seller Comment (2026-08-27): The final signed Closing Disclosure for the borrower's mortgage on [Redact] has been provided. The CD confirms the correct property address and reflects an Total Monthly Payment/PITIA of [Redact], supporting the [Redact] housing expense used for qualification. Please Clear. Reviewer Comment (2026-08-20): Provided mortgage statement PITI [Redact] is not matching with the 1003 PTITI [Redact]. Please provide the documentation matching both the mortgage statement and 1003. Exception remains. Seller Comment (2026-08-19): The corrected 1003 reflects the correct REO address of [Redact] and identifies [Redact] loan [Redact] with a [Redact] monthly payment. The mortgage statement and signed borrower LOE confirm the same property address, and the LOE confirms there is no HOA. Please Clear. |
08/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10366160 | [Redact] | [Redact] | 37249817 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to the applicant three (3) business days prior to consummation. | 08/17/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10366160 | [Redact] | [Redact] | 37249818 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on a Original Loan Amount of [Redact] vs. an allowable total of [Redact] and [Redact] (2026) (an overage of [Redact] or [Redact]). | FNMA Points and Fees on the subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on an Original Loan Amount of [Redact] versus an allowable total of [Redact] and [Redact] (2026) (an overage of [Redact] or [Redact]). | Reviewer Comment (2026-08-17): Client elected to waive the condition. |
08/17/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10366160 | [Redact] | [Redact] | 37249819 | Compliance | Compliance | State Compliance | State Defect | [Redact] Subtitle 1 - 12-105(c)(4) Interest and Usury Prepayment Penalty (SB270; 2008) - Limiting Method | [Redact] Subtitle 1 - 12-105(c)(4) Interest and Usury Prepayment Penalty (SB270; 2008): Maximum calculated prepay of [Redact] exceeds the state maximum of 2 months interest calculated on 2/3 of the original balance ([Redact]); however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Reviewer Comment (2026-09-10): Client elected to waive the condition. Note: it is the client's interpretation that prepayment penalty in [Redact] is allowable under law. Reviewer Comment (2026-09-02): Elevated to the client for review Seller Comment (2026-09-01): Loan is not subject to the limitations noted in 12-105(c)(4).Note with election of commercial law verbiage pursuant to Title12, Subtitle 10 provided in loan doc review file, Doc ID [Redact], pages [Redact]. |
09/10/2026 | Yes | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10356554 | [Redact] | 36947046 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Evidence: ___; State: ___ |
The preliminary title policy is within [Redact] and does not reflect a coverage amount (no final title policy). Unable to determine if appropriate coverage is provided. | 07/13/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Limited Cash-out GSE | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10356554 | [Redact] | 36960737 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception for IRA distribution in private equity. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Borrower has owned the subject property for at least 5 years. Borrower has verified disposable income of at least [Redact]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
LTV 26.5455% 88.98 months reserves. |
[Redact],Aggregator [Redact] [Redact] Aggregator,[Redact] [Redact] [Redact] |
Reviewer Comment (2026-07-15): Client elected to waive the condition with the following Comp Factors: LTV 26.5455%, 88.98 months reserves. |
07/15/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Refinance - Limited Cash-out GSE | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| [Redact] | 10337850 | [Redact] | 36981253 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). | Buyer Comment (2026-07-16): Initial and Final Grade B, accepted |
07/16/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| [Redact] | 10393104 | [Redact] | [Redact] | 37048191 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-08-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-08-18): (Rate Lock) [Redact] |
08/19/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10393104 | [Redact] | [Redact] | 37210888 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance policy number is missing from evidence of insurance. | Subject hazard insurance policy number is missing from evidence of insurance. | Reviewer Comment (2026-09-08): Client elected to waive the condition Reviewer Comment (2026-08-24): Client deal settings require a policy number. The binder number is not acceptable. Condition is valid and remains open Seller Comment (2026-08-21): Attached is the HOI binder for the subject property. The binder identifies [Redact]., Binder #[Redact], coverage effective [Redact] through [Redact], [Redact] dwelling coverage, and [Redact] ISAOA/ATIMA as mortgagee/lender's loss payable for loan [Redact]. Please Clear. |
09/08/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10393104 | [Redact] | [Redact] | 37213222 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2026-08-28): Seller rebuttal reviewed; file contained sufficient documentation to qualify and income calculation worksheet in file. Reviewer Comment (2026-08-19): A minimum of 12 months statements are required to be used for income. There are only 10 months statements for account xx[Redact]. The LOE in file identified the borrower was transitioning from account xx[Redact] to xx[Redact]; however it is unclear of when this transition occurred as the original account, xx[Redact], continued to receive business income as late as [Redact] and the lender qualified using income from both accounts for multiple months. Two months additional statements for account xx[Redact] are required or confirmation of when this account became the primary account, which will also required income to be recalculated using income for only 1 account for each month if 12 months statements for xx[Redact] are not available. Condition is valid and remains open Seller Comment (2026-08-18): Waterfall Finding to #[Redact] |
08/28/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | [Redact] | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10393104 | [Redact] | [Redact] | 37213224 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Bank Statement Guidelines Number of Bank Statements Requirement not met | Ability to Repay (Dodd-Frank 2014): The number of bank statements provided for borrower's bank statement income was less than the number required by guidelines. | The number of bank statements for account number ending [Redact], which opened [Redact], provided for borrower's bank statement income was less than the number required by guidelines (10 months provided). | Reviewer Comment (2026-08-28): Seller rebuttal reviewed; file contained sufficient documentation to qualify and income calculation worksheet in file. Reviewer Comment (2026-08-19): A minimum of 12 months statements are required to be used for income. There are only 10 months statements for account xx[Redact]. The LOE in file identified the borrower was transitioning from account xx[Redact] to xx[Redact]; however it is unclear of when this transition occurred as the original account, xx[Redact], continued to receive business income as late as [Redact] and the lender qualified using income from both accounts for multiple months. Two months additional statements for account xx[Redact] are required or confirmation of when this account became the primary account, which will also required income to be recalculated using income for only 1 account for each month if 12 months statements for xx[Redact] are not available. Condition is valid and remains open Seller Comment (2026-08-18): Waterfall Finding to #[Redact] |
08/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10393104 | [Redact] | [Redact] | 37213225 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability to Repay - Bank Statement Guidelines Require 12 or more Months | Ability to Repay (Dodd-Frank 2014): Guidelines require 12 or more consecutive months bank statements. | Guidelines require 12 or more consecutive months of bank statements for account number ending [Redact], opened [Redact] (10 months provided). | Reviewer Comment (2026-08-28): Seller rebuttal reviewed; file contained sufficient documentation to qualify and income calculation worksheet in file. |
08/28/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10393104 | [Redact] | [Redact] | 37213226 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | General Ability-to-Repay requirements not satisfied due to the number of bank statements for account number ending [Redact], which opened [Redact], provided for borrower's bank statement income being less than the number required by guidelines (10 months provided). | Reviewer Comment (2026-08-28): Seller rebuttal reviewed; file contained sufficient documentation to qualify and income calculation worksheet in file. |
08/28/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10393104 | [Redact] | [Redact] | 37213275 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Loan does not meet one or more guideline components which could impact the borrower's ability to repay due to the number of bank statements for account number ending [Redact], which opened [Redact], provided for borrower's bank statement income being less than the number required by guidelines (10 months provided). | Reviewer Comment (2026-08-28): Seller rebuttal reviewed; file contained sufficient documentation to qualify and income calculation worksheet in file. Reviewer Comment (2026-08-19): A minimum of 12 months statements are required to be used for income. There are only 10 months statements for account xx[Redact]. The LOE in file identified the borrower was transitioning from account xx[Redact] to xx[Redact]; however it is unclear of when this transition occurred as the original account, xx[Redact], continued to receive business income as late as [Redact] and the lender qualified using income from both accounts for multiple months. Two months additional statements for account xx[Redact] are required or confirmation of when this account became the primary account, which will also required income to be recalculated using income for only 1 account for each month if 12 months statements for xx[Redact] are not available. Condition is valid and remains open Seller Comment (2026-08-18): Waterfall Finding to #[Redact] |
08/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10393104 | [Redact] | [Redact] | 37213313 | Credit | Income | Income Error | Income | The total of Statement Period Months entered is less than the Qualifying Method entered of Most Recent 12 months. | - | The total of Statement Period (10) Months entered is less than the Qualifying Method entered of Most Recent 12 months. | Reviewer Comment (2026-08-28): Seller rebuttal reviewed; file contained sufficient documentation to qualify and income calculation worksheet in file. Seller Comment (2026-08-27): The [Redact]-only analysis on pages [Redact] ([Redact]) reflects qualifying deposits of [Redact] for [Redact], [Redact] for [Redact], [Redact] for [Redact], and[Redact] beginning [Redact]. The final 12-month income analysis on pages [Redact] carries forward those identical [Redact] amounts through [Redact] and then uses [Redact] account X[Redact] beginning [Redact]: [Redact] for [Redact], [Redact] for [Redact],[Redact] for [Redact], and [Redact] for [Redact]. The deposits from [Redact] and [Redact] were not combined in any qualifying month, including [Redact] through [Redact] as stated in the latest response. The [Redact] requires a consecutive 12- or 24-month bank-statement history and prohibits mixing and matching accounts from month to month. The completed underwriting analysis reflects a single, continuous qualifying sequence with [Redact] used through [Redact] and [Redact] used beginning [Redact] there is no alternating between accounts and no overlapping qualifying income. The finding requested confirmation of when [Redact] became the qualifying account and recalculation using only one account for each month if additional [Redact] statements were not available. That calculation is already present in the file and establishes [Redact] as the qualifying cutover. No additional two months of [Redact] statements or additional income recalculation is necessary to cure the cited concern. If [Redact] continues to identify overlapping qualifying income, please identify the specific month and deposit included from both accounts, as the final analysis does not reflect any such overlap. Please Cancel. Reviewer Comment (2026-08-24): The lender rebuttal was reviewed. The rebuttal states income from xx[Redact] began [Redact]; however the income calculation worksheet qualified the borrower with deposits from account xx[Redact] and xx[Redact] for the months [Redact]-[Redact]. The borrower was qualified with total income of [Redact] and a DTI of 20.937%; however if statements from xx[Redact] are used for the months [Redact]-[Redact] and statements from xx[Redact] are used from [Redact]-[Redact], the total income is [Redact] resulting in a DTI of 25.24%. Provide a revised 1008 updating the income and a revised bank statement income calculation worksheet using the income from xx[Redact] for the months [Redact]-[Redact] and income from xx[Redact] from [Redact]-[Redact]. Condition is valid and remains open Seller Comment (2026-08-21): The requested recalculation is already reflected in the file. The [Redact] xx[Redact] standalone income analysis reflects [Redact] qualifying deposits for [Redact], [Redact], and [Redact], with the last qualifying month from [Redact] being [Redact]. The final 12-month income analysis then utilizes [Redact] xx[Redact] beginning [Redact]: [Redact] for [Redact], [Redact] for [Redact], [Redact] for [Redact], and [Redact] for [Redact]. The[Redact] through [Redact] amounts on the final calculation correspond to the [Redact] analysis. Accordingly, income from the two accounts was not combined for any overlapping month; [Redact] was utilized through [Redact] and [Redact] became the qualifying/primary account beginning [Redact]. Although residual activity may have continued in [Redact], the [Redact] analysis specifically assigns [Redact] qualifying income to [Redact], so that activity was not used to qualify. The final analysis already reflects 12 consecutive months using only one account for each month, consistent with the bank-statement calculation requirement. Additional [Redact] statements and a new income recalculation are therefore not warranted. Please Cancel. Reviewer Comment (2026-08-19): A minimum of 12 months statements are required to be used for income. There are only 10 months statements for account xx[Redact]. The LOE in file identified the borrower was transitioning from account xx[Redact] to xx[Redact]; however it is unclear of when this transition occurred as the original account, xx[Redact], continued to receive business income as late as [Redact] and the lender qualified using income from both accounts for multiple months. Two months additional statements for account xx[Redact] are required or confirmation of when this account became the primary account, which will also required income to be recalculated using income for only 1 account for each month if 12 months statements for xx[Redact] are not available. Condition is valid and remains open Seller Comment (2026-08-18): Waterfall Finding to #[Redact] |
08/28/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10357860 | [Redact] | 37063717 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than guideline PITIA months reserves of 6.00. | Reviewer Comment (2026-08-11): Seller provided a rebuttal stating the tape data was incorrect and the loan was reviewed to the [Redact] program and not the [Redact] program. Per the guides, the [Redact] relies on the DU to determine the reserves and the DU In file did not require reserves. Seller Comment (2026-08-10): See attached and clear Reviewer Comment (2026-08-10): Approval reflects [Redact] program with 12 months CPA P&L doc type. Guides reflect 6 months reserves required for ALT Doc types. Seller Comment (2026-08-09): This is a [Redact] loan. Please clear |
08/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10357860 | [Redact] | 37063787 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. [Redact] over legal limit. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee amount of [Redact] exceeds tolerance of [Redact]. [Redact] over the legal limit. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2026-08-06): [Redact] received rebuttal and the fee are within tolerance limit. Seller Comment (2026-08-05): The fee in question in section C is a title fee that the borrower can shop for. Per the SSPL provided Doc ID [Redact] the only provided identified is [Redact] which was not the chosen provider, hence this falls under the unlimited tolerance category. |
08/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10357860 | [Redact] | 37063788 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Examination Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. [Redact] over legal limit. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Title - Examination Fee. Fee amount of [Redact] exceeds tolerance of [Redact]. [Redact] over the legal limit. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2026-08-06): [Redact] received rebuttal and the fee are within tolerance limit. Seller Comment (2026-08-05): The fee in question in section C is a title fee that the borrower can shop for. Per the SSPL provided Doc ID [Redact] the only provided identified is [Redact] which was not the chosen provider, hence this falls under the unlimited tolerance category. |
08/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10357860 | [Redact] | 37064528 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non-QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2026-08-11): Seller provided a rebuttal stating the tape data was incorrect and the loan was reviewed to the [Redact] program and not the [Redact] program. Per the guides, the [Redact] relies on the DU to determine the reserves and the DU In file did not require reserves. |
08/11/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | [Redact] | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10357860 | [Redact] | 37064529 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Loan does not meet one or more guideline components, which could impact the borrower's ability to repay. | Reviewer Comment (2026-08-11): Seller provided a rebuttal stating the tape data was incorrect and the loan was reviewed to the [Redact] program and not the [Redact] program. Per the guides, the [Redact] relies on the DU to determine the reserves and the DU In file did not require reserves. |
08/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10326038 | [Redact] | 37077102 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Calculated investor qualifying total debt ratio of 52.56214% exceeds guideline total debt ratio of 50.00000% due to [Redact] installment liability of [Redact] was not excluded because there was no evidence confirming less than 10 payments remaining or paid in full. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. |
FICO: 754 > 720 min | [Redact],Aggregator [Redact] [Redact] |
Reviewer Comment (2026-09-24): Client elected to waive the condition with the following Comp Factors: FICO: 754 > 720 min Reserve: 3.54 months > 3.00 months min Reviewer Comment (2026-08-18): The balance of the account must be verified at or prior to closing to verify there were less than 10 payments remaining in order to exclude the debt. The bank statements are not acceptable and it cannot be assumed the payments are for the same account as the bank statement does not identify the account # for the debt paid. The condition is valid and will remain open without documentation verifying the balance of the account on or prior to [Redact]. Note: The condition can be downgraded and waived with valid compensating factors. Seller Comment (2026-08-17): That documentation was provided, the credit report reflects a balance of [Redact] for the [Redact] auto loan last reporting as of [Redact], the [Redact] statement Doc ID [Redact] page [Redact] reflects a payment was paid on [Redact] and [Redact], in addition to the payment made on [Redact] Doc ID [Redact] page [Redact]. Based on the payments made the installment account is less 10 months remaining. Reviewer Comment (2026-08-17): A post-close credit supplement cannot be used to confirm an updated balance or proof that the account was paid off at or prior to closing. Additional documentation is required to verify the balance of the account on or prior to [Redact] to determine if there were less than 10 payments remaining. Condition is valid and remains open Seller Comment (2026-08-14): The credit supplement validates that the payments reflected on the bank statement provided were paid to this account. Even if adding back the July payment the payments are still below 10 months. Reviewer Comment (2026-08-14): The credit supplement provided was dated post-close. This is unacceptable as the balance of the account at or prior to closing cannot be confirmed to verify there were less than 10 payments remaining. Condition is valid and remains open Seller Comment (2026-08-12): Supplemental report uploaded for review. Reviewer Comment (2026-08-10): In order to exclude the installment loan due to less than 10 payments remaining, a credit supplement or an updated account statement verifying the lower balance is required. This is an ATR requirement and as-is, the condition is valid and remains open Seller Comment (2026-08-10): The borrower only had 1 installment loan, a [Redact] credit card and a [Redact] credit card, while you may deem the payments inconsistent, the payments were paid towards this installment loan, which lowered the balance, which is permissible per guidelines. Reviewer Comment (2026-08-07): Payment amounts are inconsistent and cannot be verified that it was paid towards the installment loan. Please provide documentation to verify balance t time of closing. Seller Comment (2026-08-06): The credit report reflects a balance of [Redact] for the [Redact] auto loan last reporting as of [Redact], the [Redact] statement Doc ID [Redact] page [Redact] reflects a payment was paid on [Redact] and [Redact], in addition to the payment made on [Redact] Doc ID [Redact] page [Redact]. Based on the payments made the installment account is less 10 months remaining. |
09/24/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| [Redact] | 10326038 | [Redact] | 37077110 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] versus an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Buyer Comment (2026-09-30): Initial and Final Grade B |
09/30/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10326038 | [Redact] | 37077111 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk due to [Redact] installment liability of [Redact] was not excluded because there was no evidence confirming less than 10 payments remaining or paid in full. | Reviewer Comment (2026-09-24): Client elected to waive the condition with the following Comp Factors. Reviewer Comment (2026-08-18): The balance of the account must be verified at or prior to closing to verify there were less than 10 payments remaining in order to exclude the debt. The bank statements are not acceptable and it cannot be assumed the payments are for the same account as the bank statement does not identify the account # for the debt paid. The condition is valid and will remain open without documentation verifying the balance of the account on or prior to [Redact]. Note: The condition can be downgraded and waived with valid compensating factors. Seller Comment (2026-08-17): That documentation was provided, the credit report reflects a balance of [Redact] for the [Redact] auto loan last reporting as of [Redact], the [Redact] statement Doc ID [Redact] page [Redact] reflects a payment was paid on [Redact] and [Redact], in addition to the payment made on [Redact] Doc ID [Redact] page [Redact]. Based on the payments made the installment account is less 10 months remaining. Reviewer Comment (2026-08-17): A post-close credit supplement cannot be used to confirm an updated balance or proof that the account was paid off at or prior to closing. Additional documentation is required to verify the balance of the account on or prior to [Redact] to determine if there were less than 10 payments remaining. Condition is valid and remains open Seller Comment (2026-08-14): The credit supplement validates that the payments reflected on the bank statement provided were paid to this account. Even if adding back the July payment the payments are still below 10 months. Reviewer Comment (2026-08-14): The credit supplement provided was dated post-close. This is unacceptable as the balance of the account at or prior to closing cannot be confirmed to verify there were less than 10 payments remaining. Condition is valid and remains open Seller Comment (2026-08-12): Supplemental report uploaded to trailing docs for review. Reviewer Comment (2026-08-10): In order to exclude the installment loan due to less than 10 payments remaining, a credit supplement or an updated account statement verifying the lower balance is required. This is an ATR requirement and as-is, the condition is valid and remains open Seller Comment (2026-08-10): The borrower only had 1 installment loan, a [Redact] credit card and a [Redact] credit card, while you may deem the payments inconsistent, the payments were paid towards this installment loan, which lowered the balance, which is permissible per guidelines. Reviewer Comment (2026-08-07): Payment amounts are inconsistent and cannot be verified that it was paid towards the installment loan. Please provide documentation to verify balance t time of closing. Seller Comment (2026-08-06): The credit report reflects a balance of [Redact] for the [Redact] auto loan last reporting as of [Redact], the [Redact] statement Doc ID [Redact] page [Redact] reflects a payment was paid on [Redact] and [Redact], in addition to the payment made on [Redact] Doc ID [Redact] page [Redact]. Based on the payments made the installment account is less 10 months remaining. |
09/24/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | [Redact] | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10326038 | [Redact] | 37077112 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of 52.56214% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) | The DTI calculated in accordance with the lender's guidelines and 1026.43(c)(5) of 52.56214% moderately exceeds the guideline maximum of 50.00%. (DTI exception is eligible to be regraded with compensating factors) due to [Redact] installment liability of [Redact] was not excluded because there was no evidence confirming less than 10 payments remaining or paid in full. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. |
FICO: 754 > 720 min | [Redact],Aggregator [Redact] [Redact] |
Reviewer Comment (2026-09-24): Client elected to waive the condition with the following Comp Factors: FICO: 754 > 720 min Reserve: 3.54 months > 3.00 months min Reviewer Comment (2026-08-18): The balance of the account must be verified at or prior to closing to verify there were less than 10 payments remaining in order to exclude the debt. The bank statements are not acceptable and it cannot be assumed the payments are for the same account as the bank statement does not identify the account # for the debt paid. The condition is valid and will remain open without documentation verifying the balance of the account on or prior to [Redact]. Note: The condition can be downgraded and waived with valid compensating factors. Seller Comment (2026-08-17): That documentation was provided, the credit report reflects a balance of [Redact] for the [Redact] auto loan last reporting as of [Redact], the [Redact] statement Doc ID [Redact] page [Redact] reflects a payment was paid on [Redact] and [Redact], in addition to the payment made on [Redact] Doc ID [Redact] page [Redact]. Based on the payments made the installment account is less 10 months remaining. Reviewer Comment (2026-08-17): A post-close credit supplement cannot be used to confirm an updated balance or proof that the account was paid off at or prior to closing. Additional documentation is required to verify the balance of the account on or prior to [Redact] to determine if there were less than 10 payments remaining. Condition is valid and remains open Seller Comment (2026-08-14): The credit supplement validates that the payments reflected on the bank statement provided were paid to this account. Even if adding back the July payment the payments are still below 10 months. Reviewer Comment (2026-08-14): The credit supplement provided was dated post-close. This is unacceptable as the balance of the account at or prior to closing cannot be confirmed to verify there were less than 10 payments remaining. Condition is valid and remains open Seller Comment (2026-08-12): Supplemental report uploaded to trailing docs for review. Reviewer Comment (2026-08-10): In order to exclude the installment loan due to less than 10 payments remaining, a credit supplement or an updated account statement verifying the lower balance is required. This is an ATR requirement and as-is, the condition is valid and remains open Seller Comment (2026-08-10): The borrower only had 1 installment loan, a [Redact] credit card and a [Redact] credit card, while you may deem the payments inconsistent, the payments were paid towards this installment loan, which lowered the balance, which is permissible per guidelines. Reviewer Comment (2026-08-07): Payment amounts are inconsistent and cannot be verified that it was paid towards the installment loan. Please provide documentation to verify balance t time of closing. Seller Comment (2026-08-06): The credit report reflects a balance of [Redact] for the [Redact] auto loan last reporting as of [Redact], the [Redact] statement Doc ID [Redact] page [Redact] reflects a payment was paid on [Redact] and [Redact], in addition to the payment made on [Redact] Doc ID [Redact] page [Redact]. Based on the payments made the installment account is less 10 months remaining. |
09/24/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| [Redact] | 10326038 | [Redact] | 37077117 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Loan does not meet one or more guideline components due to exceeding the DTI, as [Redact] installment liability of [Redact] was not excluded because there was no evidence confirming less than 10 payments remaining or paid in full. | Reviewer Comment (2026-09-24): Client elected to waive the condition with the following Comp Factors. Reviewer Comment (2026-08-18): The balance of the account must be verified at or prior to closing to verify there were less than 10 payments remaining in order to exclude the debt. The bank statements are not acceptable and it cannot be assumed the payments are for the same account as the bank statement does not identify the account # for the debt paid. The condition is valid and will remain open without documentation verifying the balance of the account on or prior to [Redact]. Note: The condition can be downgraded and waived with valid compensating factors. Seller Comment (2026-08-17): That documentation was provided, the credit report reflects a balance of [Redact] for the [Redact] auto loan last reporting as of [Redact], the [Redact] statement Doc ID [Redact] page [Redact] reflects a payment was paid on [Redact] and [Redact], in addition to the payment made on [Redact] Doc ID [Redact] page [Redact]. Based on the payments made the installment account is less 10 months remaining. Reviewer Comment (2026-08-17): A post-close credit supplement cannot be used to confirm an updated balance or proof that the account was paid off at or prior to closing. Additional documentation is required to verify the balance of the account on or prior to [Redact] to determine if there were less than 10 payments remaining. Condition is valid and remains open Seller Comment (2026-08-14): The credit supplement validates that the payments reflected on the bank statement provided were paid to this account. Even if adding back the July payment the payments are still below 10 months. Reviewer Comment (2026-08-14): The credit supplement provided was dated post-close. This is unacceptable as the balance of the account at or prior to closing cannot be confirmed to verify there were less than 10 payments remaining. Condition is valid and remains open Seller Comment (2026-08-12): Supplemental report uploaded to trailing docs for review. Reviewer Comment (2026-08-10): In order to exclude the installment loan due to less than 10 payments remaining, a credit supplement or an updated account statement verifying the lower balance is required. This is an ATR requirement and as-is, the condition is valid and remains open Seller Comment (2026-08-10): The borrower only had 1 installment loan, a [Redact] credit card and a [Redact] credit card, while you may deem the payments inconsistent, the payments were paid towards this installment loan, which lowered the balance, which is permissible per guidelines. Reviewer Comment (2026-08-07): Payment amounts are inconsistent and cannot be verified that it was paid towards the installment loan. Please provide documentation to verify balance t time of closing. Seller Comment (2026-08-06): The credit report reflects a balance of [Redact] for the [Redact] auto loan last reporting as of [Redact], the [Redact] statement Doc ID [Redact] page [Redact] reflects a payment was paid on [Redact] and [Redact], in addition to the payment made on [Redact] Doc ID [Redact] page [Redact]. Based on the payments made the installment account is less 10 months remaining. |
09/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10326073 | [Redact] | 37114758 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Evidence: ___; State: ___ |
The preliminary title policy is within [Redacted] or [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | 08/03/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10396718 | [Redact] | [Redact] | 37083804 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-08-12): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-08-04): (Rate Lock) [Redact] |
08/12/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10402577 | [Redact] | [Redact] | 37113138 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-15): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-11): (Rate Lock) [Redact] |
09/15/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10402577 | [Redact] | [Redact] | 37416789 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on a Original Loan Amount of [Redact] vs. an allowable total of [Redact] and [Redact] (2026) (an overage of [Redact] or [Redact]). | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on an Original Loan Amount of [Redact] vs. an allowable total of [Redact] and [Redact] (2026) (an overage of [Redact] or [Redact]). | Reviewer Comment (2026-09-02): Client elected to waive the condition. |
09/02/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10402577 | [Redact] | [Redact] | 37439344 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - High Cost and Higher Priced as Primary | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more high cost and one or more HPML thresholds. Additional compliance testing required to determine if loan would be a compliant or non-compliant HPML. | The initial and final 1003's identified the borrower would occupy the subject as a primary residence. The loan failed the High-Cost testing due to the prepayment penalty of 6 months interest for 5 years, exceeds the max of 2% of the amount prepaid. In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required. Note: a revised 1003 on its own will not clear this condition. | Reviewer Comment (2026-09-15): Client elected to waive the condition Reviewer Comment (2026-09-15): Regraded to EV2-B based on borrower attestation stating clerical error on 1003 and the fact the loan is exempt from all federal, state, local high-cost testing. Seller Comment (2026-09-14): Borrower attestation attached confirming the subject property was intended as an investment property and that the primary residence selection on the 1003 was a clerical error. Borrower also confirms the subject will not be used as a primary residence. Please Clear. Reviewer Comment (2026-09-04): A revised 1003 will not clear this condition. The loan failed High Cost testing when tested as a primary residence. In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required. Condition is valid and remains open Seller Comment (2026-09-03): Waterfall Finding for Exception #[Redact] |
09/15/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10402577 | [Redact] | [Redact] | 37447465 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | The declarations section of the initial and final 1003 in file identified the borrower would occupy the subject as a primary residence. Provide a revised final 1003, correcting the declarations section. | Reviewer Comment (2026-09-04): Revised 1003 provided Seller Comment (2026-09-03): Attached the revised final 1003 provided correcting the Declarations section. Section 4 reflects Investment Property occupancy and Declaration A confirms the borrower will not occupy the subject as a primary residence. Please Clear. |
09/04/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10287738 | [Redact] | 37115570 | Compliance | Compliance | Federal Compliance | ATR/QM | CDFI Bank Originated Loan submitted as Non Exempt | Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt. QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule. TILA loan designation remains ATR Exempt. | Reviewer Comment (2026-04-27): Client elects to waive |
04/27/2026 | No | 2 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Exempt from ATR | No | |||||||||||
| [Redact] | 10286431 | [Redact] | 37138630 | Compliance | Compliance | State Compliance | Misc. State Level | [Redact] Consumer Sales Practices Act (Acknowledgement of Receipt of Home Mortgage Loan Information Document Not Retained by Lender) | [Redacted] Consumer Sales Practices Act: Acknowledgement of Receipt of Home Mortgage Loan Information Document not retained by lender. | Reviewer Comment (2026-06-03): Acknowledgement of Receipt of Home Mortgage Loan Information Document provided, Exception Cleared. Buyer Comment (2026-06-02): uploaded |
06/03/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10286431 | [Redact] | 37138631 | Compliance | Compliance | State Compliance | Misc. State Level | [Redact] Consumer Sales Practices Act (Right Not To Close Disclosure Not Provided) | [Redacted] Consumer Sales Practices Act: Borrower not provided Right Not To Close Disclosure. | Reviewer Comment (2026-06-03): Right Not to Close Disclosure provided, Exception Cleared. Buyer Comment (2026-06-02): uploaded |
06/03/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10286431 | [Redact] | 37138632 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Fee was disclosed as $[Redacted] on the initial Loan Estimate but was disclosed as $[Redacted] on the Final Closing Disclosure. A valid change of circumstance not provided for fee increase. The cure provided at closing ($[Redacted]) is sufficient to address the violation but is insufficient to address all tolerance violations. | Reviewer Comment (2026-05-29): Cured at closing or within [Redacted]days of consummation prior to TPR review |
05/29/2026 | No | 1 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10286431 | [Redact] | 37138633 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | The Survey Fee was not disclosed on the initial Loan Estimate. A valid change of circumstance is not provided for the addition of the new fee. The cure provided at closing $[Redacted] is insufficient to address all tolerance violations. | Reviewer Comment (2026-06-15): [Redacted] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2026-06-11): uploaded Reviewer Comment (2026-06-08): elevated to compliance Reviewer Comment (2026-06-08): [Redacted] is unable to determine from the file whether the lender or title company required the survey. If the lender required, the survey fee then a cure is due to the borrower. If the borrower-chosen service provider further outsourced the Survey Fee, an attestation or comment on exception from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Buyer Comment (2026-06-04): Survey Fee was included in the purchase agreement , and the fee was pd to a 3rd party as shopped for. uploaded SPL to support that was initially missing from file |
06/15/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10286431 | [Redact] | 37138634 | Compliance | Compliance | Federal Compliance | TRID | TRID Settlement Service Provider Status | TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. | Missing disclosure of settlement service providers issued within 3 business days of application date. Per final Closing Disclosure, borrower shopped for services. | Reviewer Comment (2026-06-08): [Redacted] received SSPL. |
06/08/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | No Defined Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10286431 | [Redact] | 37138636 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations: D. 1. Have you or will you be applying for a mortgage loan on another property (not the property securing this loan) on or before closing this transaction that is not disclosed on this loan application? was entered Yes. Unable to determine qualification without this information. | - | No information is provided related to the additional mortgage disclosed. | Reviewer Comment (2026-06-10): Letter of Explanation provided for verification of mortgage on another property (1003 Declaration), Exception cleared. Buyer Comment (2026-06-09): uploaded |
06/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10410689 | [Redact] | [Redact] | 37175070 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-17): (Rate Lock) [Redact] |
09/21/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10410689 | [Redact] | [Redact] | 37568600 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on a Original Loan Amount of [Redact] vs. an allowable total of [Redact] and [Redact] (2026) (an overage of [Redact] or [Redact]). | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on an Original Loan Amount of [Redact] versus an allowable total of [Redact] and [Redact]. | Reviewer Comment (2026-09-15): Client elected to waive the condition |
09/15/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10412719 | [Redact] | [Redact] | 37193515 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-21): (Rate Lock) [Redact] |
09/23/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10412719 | [Redact] | [Redact] | 37574638 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | An exception was made due to there is a layered LLC. Both LLCs are in borrower and borrower's partner's name. Borrower owns 50%. Missing a copy of the fully executed Client Approval Form. | The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrower has verified disposable income of at least [Redact]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
DTI of 15 where 50 is maximum | [Redact],Originator Pre-Close,Aggregator [Redact] [Redact] [Redact] |
Reviewer Comment (2026-09-23): Client elected to waive the condition with the following Compensating Factors: DTI of 15 where 50 is maximum [Redact]: At least 5 years documented [Redact]. Credit Depth: 5 years mortgage history and 9 years trade history all paid as agreed. Seller Comment (2026-09-21): Attached the [Redact] Approved Exception. Please Waive. |
09/23/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||
| [Redact] | 10417872 | [Redact] | [Redact] | 37198177 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-21): (Rate Lock) [Redact] |
09/23/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10417872 | [Redact] | [Redact] | 37583245 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification Appraisal delivered to borrower was not provided. | 09/16/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10417872 | [Redact] | [Redact] | 37583248 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-09-16): Sufficient Cure Provided At Closing |
09/16/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10417872 | [Redact] | [Redact] | 37583717 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing documentation to verify any HOA Dues. Note: If there are no HOA Dues, a LOE from the borrower is sufficient. | Reviewer Comment (2026-09-18): Received HOA Verification. Exception cleared. Seller Comment (2026-09-17): Attached online property information for [Redact] confirms there is no homeowners association associated with the property and reflects total monthly association fees of [Redact]. Supporting documentation attached. Please Clear. |
09/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10417872 | [Redact] | [Redact] | 37626298 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 09/23/2026 | No | 2 | B | B | B | B | B | [Redact] | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| [Redact] | 10420772 | [Redact] | [Redact] | 37217737 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-11): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-03): (Rate Lock) [Redact] |
09/11/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10420772 | [Redact] | [Redact] | 37428185 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification Appraisal delivered to the borrower was not provided. | 09/02/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10420772 | [Redact] | [Redact] | 37428186 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on a Original Loan Amount of [Redact] vs. an allowable total of [Redact] and [Redact] (2026) (an overage of [Redact] or [Redact]). | FNMA Points and Fees on subject loan of [Redact] are in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total is [Redact] on an Original Loan Amount of [Redact] vs. an allowable total of [Redact] and [Redact]. | Reviewer Comment (2026-09-02): Client elected to waive the condition. |
09/02/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10440498 | [Redact] | [Redact] | 37323382 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-21): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-16): (Rate Lock) [Redact] |
09/21/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10440498 | [Redact] | [Redact] | 37546203 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing documentation to verify the PITIA for the REO | Reviewer Comment (2026-09-17): Received Final Closing Disclosure. Exception cleared. Seller Comment (2026-09-16): Attached the Final Closing Disclosure for the REO at [Redact]. The CD reflects monthly P&I of [Redact] and monthly escrow for taxes and insurance of [Redact], for a total PITIA of [Redact], which matches the amount reflected on the Final 1003. Please Clear. |
09/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10440498 | [Redact] | [Redact] | 37546211 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on a Original Loan Amount of [Redact] vs. an allowable total of [Redact] and [Redact] (2026) (an overage of [Redact] or [Redact]). | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the original loan amount and [Redact] (2026). FNMA Finance Charge total [Redact] on an original loan amount of [Redact] versus an allowable total of [Redact] and [Redact] | Reviewer Comment (2026-09-15): Client elected to waive the condition |
09/15/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10440499 | [Redact] | [Redact] | 37323409 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-25): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-23): (Rate Lock) [Redact] |
09/25/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10440499 | [Redact] | [Redact] | 37594008 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Evidence: ___; State: ___ |
The Preliminary Title Policy is within [Redact] or [Redact] and does not reflect a coverage amount (no Final Title Policy in file). Unable to determine if appropriate coverage is provided. | 09/19/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10440499 | [Redact] | [Redact] | 37594020 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on a Original Loan Amount of [Redact] vs. an allowable total of [Redact] and [Redact] (2026) (an overage of [Redact] or [Redact]). | NMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on an Original Loan Amount of [Redact] versus an allowable total of [Redact] and [Redact] (2026) (an overage of [Redact] or [Redact]). | Reviewer Comment (2026-09-18): Client elected to waive the condition |
09/18/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10440499 | [Redact] | [Redact] | 37598489 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | 09/19/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10441034 | [Redact] | [Redact] | 37337561 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-10-01): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-30): (Rate Lock) [Redact] |
10/01/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10441034 | [Redact] | [Redact] | 37697111 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The Verification Appraisal delivered to the borrower was not provided. | 09/28/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10441034 | [Redact] | [Redact] | 37697114 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2026-09-28): Sufficient Cure Provided within 60 Days of Closing |
09/28/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10441034 | [Redact] | [Redact] | 37697115 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2026-09-28): Sufficient Cure Provided within 60 Days of Closing |
09/28/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10450077 | [Redact] | [Redact] | 37389487 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-25): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-23): (Rate Lock) [Redact] |
09/25/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10450077 | [Redact] | [Redact] | 37613298 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification Appraisal delivered to borrower was not provided. | 09/22/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10450077 | [Redact] | [Redact] | 37613334 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing documentation to verify the PITIA on the newly acquired primary residence. Note: a copy of the final CD is acceptable to verify the PITIA. | Reviewer Comment (2026-09-25): Received CD & First payment letter. Exception cleared. Seller Comment (2026-09-24): The attached borrower-signed Final CD that provides the requested P&I for the newly acquired primary residence at [Redact]. The Final CD reflects monthly Principal & Interest of [Redact], estimated escrow of [Redact], and a total monthly payment of [Redact]. The Confirm Receipt is signed by [Redact] and dated [Redact]. The attached Payment Letter also confirms the total monthly payment of [Redact]. Please Clear. Reviewer Comment (2026-09-24): Received seller CD, however unable to verify the P&I for the property, please provide the final CD signed by the borrower. Exception remains. Seller Comment (2026-09-23): Attached PITIA for the newly acquired primary residence at [Redact] is supported by the attached documentation. The Final 1003 reflects the property as the borrower's retained primary residence with a [Redact] [Redact] mortgage and monthly payment of [Redact], with no taxes, insurance, or association dues reflected separately. [Redact] tax documentation reflects annual property taxes of [Redact], or [Redact] monthly, and the homeowners insurance binder reflects an annual premium of [Redact], or [Redact] monthly. The HOI also identifies loan [Redact], and the closing documentation confirms the purchase of [Redact]. Please Cancel. Seller Comment (2026-09-23): Attached PITIA for the newly acquired primary residence at [Redact] is supported by the attached documentation. The Final 1003 reflects the property as the borrower's retained primary residence with a [Redact] [Redact] mortgage and monthly payment of [Redact], with no taxes, insurance, or association dues reflected separately. The [Redact] tax documentation reflects annual property taxes of [Redact], or [Redact] monthly, and the homeowners insurance binder reflects an annual premium of [Redact], or [Redact] monthly. The HOI also identifies loan [Redact], and the closing documentation confirms the purchase of [Redact]. Please Cancel. |
09/25/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10450077 | [Redact] | [Redact] | 37623043 | Credit | Credit | Credit Documentation | Credit | Insufficient Verification of Rental History. | Per the guidelines, the rental history must be verified with a private party VOR and proof of electronic transfer such as 12 months canceled checks, bank statements, or pay histories that clearly document the payment history for the most recent 12 months. The borrower paid rent with cash, and the documentation requirement could not be met. Client exception made; however, a copy of the fully executed Client Exception Approval was missing from the file. | The qualifying DTI on the loan is at least 10% less than the guideline maximum. Borrower has been employed in the same industry for more than 5 years. Borrower has owned the subject property for at least 5 years. Borrower has verified disposable income of at least [Redact]. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
24 DTI where 50 is max. Job Stability: 40 years self-employment |
[Redact],Originator Pre-Close,Aggregator Aggregator,[Redact] [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-09-25): Client elected to waive the condition with the following Compensating Factors: 24 DTI where 50 is max. Credit depth: 19-year mortgage history paid as agreed. Job Stability: 40 years self-employment Seller Comment (2026-09-23): The fully executed [Redact] Exception Approval is attached. Please Waive. |
09/25/2026 | Yes | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||
| [Redact] | 10358781 | [Redact] | 37404001 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Title, Note, Security instrument, Final 1003 (Section 4a), Hazard Insurance, RCE, Flood Cert, reflect subject property city name as "[Redact]" 1004 document reflects subject property city name as "[Redact]" The credit docs to be updated to match title or title to be changed or client to accept as is. |
Reviewer Comment (2026-04-20): Revised appraisal with corrected address received. Exception cleared. Buyer Comment (2026-04-17): Appraisal |
04/20/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10358781 | [Redact] | 37404004 | Compliance | Compliance | State Compliance | Misc. State Level | [Redact] Consumer Sales Practices Act (Right Not To Close Disclosure Not Provided) | [Redact] Consumer Sales Practices Act: Borrower not provided Right Not To Close Disclosure. | Reviewer Comment (2026-04-15): [Redact] Right Not To Close Disclosure associated. Exception Cleared Buyer Comment (2026-04-14): Right not to Close disclosure |
04/15/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10358781 | [Redact] | 37404005 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Tax and Insurance verification of [Redact]. Documents reflect this property was pending sale but no Settlement Statement was provided, causing the DTI to increase. Reviewed 40.16% vs lender approved 25.14%. | Reviewer Comment (2026-05-01): Received Executed Purchase contract along with Final Equity statement. Exception cleared. Buyer Comment (2026-04-30): Buyout and Equity Statement Reviewer Comment (2026-04-23): Loan was reviewed based on information provided that states departing residence will be sold on or before closing. The departing residence has not been documented, This liability must remain until documented support has been provided. If not sold provide purchase contract and evidence all contingencies have been met for exclusion from DTI. Buyer Comment (2026-04-23): see email from [Redact] Buyer Comment (2026-04-23): Agency https://[Redact]/qualifying-impact-other-real-estate-owned "See guides on current principal residence pending sale Reviewer Comment (2026-04-21): The departing residence has not been documented, (completed settlement statement). This liability must remain until documented support has been provided. Buyer Comment (2026-04-17): Underwriter Response Reviewer Comment (2026-04-16): If the REO property [Redact] has been sold, then required updated 1003 reflecting this property as Sold or removed from REO properties as provided mortgage statement still reflects borrower name. Exception remains Buyer Comment (2026-04-15): Lender' response: This is a Relocation Loan. The home was sold, so not sure why what was uploaded is not acceptable. This is not a directive from [Redact]. Please review docs. |
05/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10358783 | [Redact] | 37404008 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | Borrower's name is misspelled on the Note and Security Instrument. Provide updated documentation to cure. | Reviewer Comment (2026-04-29): Scrivener's Affidavit & Letter of intent is provided. Exception Cleared Buyer Comment (2026-04-28): Email and Affidavit Reviewer Comment (2026-04-24): Received Updated Note with borrower name corrected (typo error first name). Provide a [Redact] for the updated borrower name along with letter of intent to re-record. Buyer Comment (2026-04-23): Per Lender: Note and Shipping Label Buyer Comment (2026-04-23): Note and Shipping Label |
04/29/2026 | No | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| [Redact] | 10358791 | [Redact] | 37404010 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Require Mortgage Statement for property [Redact] as it's missing in file. Loan Estimate was provided but we are missing Final Closing numbers. | Reviewer Comment (2026-05-06): Received Final CD for the property "[Redact]" confirming the mortgage payments. Exception cleared. Buyer Comment (2026-05-04): signed cd Reviewer Comment (2026-05-01): Received unsigned CD for the property "[Redact]". Either provide Signed Final CD or First Payment letter confirming the P&I. Exception remains. Buyer Comment (2026-05-01): CD for [Redact] |
05/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| [Redact] | 10358778 | [Redact] | 37404014 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | [Redact]: K-1 (2024) is missing. | Reviewer Comment (2026-05-01): Received K-1 (2024) for the business "[Redact]". Exception cleared. Buyer Comment (2026-04-30): 2024 K-1 |
05/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [Redact] | 10358778 | [Redact] | 37404016 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Funds from Business Account [Redact] :The company's CPA or licensed tax preparer provides a statement indicating withdrawal of the funds for closing / Reserve will not have a negative impact on the business or cash flow analysis as per FNMA. | Reviewer Comment (2026-05-12): Omitting bus assets, reset some stock at 100% for reserves but omit from closing per guides. Reviewer Comment (2026-05-07): Noted, Funds from Business account #[Redact] will not be used for Closing and reserve as per instructions. However available funds from [Redact] #[Redact], [Redact] #[Redact] #[Redact] and [Redact] Checking Account #[Redact] is [Redact] And total funds required for closing and Reserve is [Redact] Due to which there is a shortage for Reserve requirement. Stock and Mutual funds are considered 80% while Money market and checking account is considered 100% usability. Provide additional asset to cover the reserve requirement. Exception remains. Buyer Comment (2026-05-05): Per Lender: Borrower only used [Redact] Checking xx[Redact], [Redact] Stocks, and two [Redact] accounts for funds to close, down payment and reserves. Borrower received [Redact] on [Redact], from [Redact] Business Account from [Redact]. We are not using this account at all for funds to close, down payment or reserves. This account was only provided to support the large deposit that was received into personal account. This is the annual distribution that borrower takes and documented via two years of tax returns. Borrower is 50% owner and in 2023 received Distributions of [Redact] from K1 and then [Redact] in 2024 from K1. Borrower has a history of the distributions and guidelines do not call for CPA letter to confirm distributions, but only when using business assets toward down payment, closing costs and reserves. For this loan we are not and why requesting this condition be waived or escalated to be waived as this is not classified as use of business funds. Buyer Comment (2026-05-05): [Redact] Statement Reviewer Comment (2026-04-29): Noted. Business account statement provided to confirm the large deposit withdrawal however Provided assets with Stock considered 80% usability is falling short for reserve requirement if Business asset is excluded. Therefore to consider business Account #[Redact] for qualification Provide updated 1003 with business asset included in asset section and Operating agreement or CPA letter or any equivalent document that supports the borrower's ownership in the business ([Redact]) as per FNMA requirement and The company's CPA or licensed tax preparer provides a statement indicating withdrawal of the funds for closing / Reserve will not have a negative impact on the business or cash flow analysis as per FNMA. Exception remains. Buyer Comment (2026-04-28): Per Lender: The Suspense asks for a CPA letter from the Business regarding source of down payment/ reserves / closing costs to not affect the business operations. The Business bank statement was provided in the file to show the source of a large deposit [Redact] that was cleared [Redact]. The Borrower business tax returns shows that the borrower normally withdraws over [Redact] per year in income disbursements. This is considered a regular income source, and not pulling from the business requirements for down payment. With this being a typical withdrawal from the business for income - it does not seem to warrant a letter from the CPA as this is typical disbursements from the business to the borrower. |
05/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 10358778 | [Redact] | 37404018 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower within 3 days of closing was provided. Waiver not provided. | Buyer Comment (2026-04-29): Acknowledged non material EV2 Reviewer Comment (2026-04-29): Received Appraisal delivery. However appraisal report date for primary appraisal is [Redact] which is within 3 days of the Note date [Redact]. Evidence of appraisal deliver for [Redact] is available in file. Therefore provide Appraisal report with report date on or before [Redact] for primary appraisal ([Redact]). Exception remains. Buyer Comment (2026-04-28): Appraisal delivery |
04/29/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [Redact] | 10358778 | [Redact] | 37404019 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. | Reviewer Comment (2026-05-12): Omitting bus assets, reset some stock at 100% for reserves but omit from closing per guides. Reviewer Comment (2026-05-07): Noted, Funds from Business account #[Redact] will not be used for Closing and reserve as per instructions. However available funds from [Redact] #[Redact], [Redact] #[Redact] #[Redact] and [Redact] Checking Account #[Redact] is [Redact] And total funds required for closing and Reserve is [Redact] Due to which there is a shortage for Reserve requirement. Stock and Mutual funds are considered 80% while Money market and checking account is considered 100% usability. Provide additional asset to cover the reserve requirement. exception remains. Buyer Comment (2026-05-05): Per Lender: Borrower only used [Redact] Checking xx[Redact], [Redact] Stocks, and two [Redact] accounts for funds to close, down payment and reserves. Borrower received [Redact] on [Redact], from [Redact] Business Account from [Redact]. We are not using this account at all for funds to close, down payment or reserves. This account was only provided to support the large deposit that was received into personal account. This is the annual distribution that borrower takes and documented via two years of tax returns. Borrower is 50% owner and in 2023 received Distributions of [Redact] from K1 and then [Redact] in 2024 from K1. Borrower has a history of the distributions and guidelines do not call for CPA letter to confirm distributions, but only when using business assets toward down payment, closing costs and reserves. For this loan we are not and why requesting this condition be waived or escalated to be waived as this is not classified as use of business funds. |
05/12/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | [Redact] | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| [Redact] | 10358778 | [Redact] | 37404020 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - K-1 Less Than 25 Percent | General QM: Unable to verify K-1 (Less than 25% Ownership) income using reasonably reliable third-party records. | Misinig 2024 K-1 | Reviewer Comment (2026-05-01): Received K-1 (2024) for the business "[Redact]". Exception cleared. Buyer Comment (2026-04-30): 2024 K-1 Uploaded |
05/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [Redact] | 10358778 | [Redact] | 37404021 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General QM: Based on the loan failing one or more guideline components, the loan is at QM risk. | This exception will be cleared once all QM specific exceptions have been cured/cleared. | Reviewer Comment (2026-05-12): Omitting bus assets, reset some stock at 100% for reserves but omit from closing per guides. Reviewer Comment (2026-05-07): Noted, Funds from Business account #[Redact] will not be used for Closing and reserve as per instructions. However available funds from [Redact] #[Redact], [Redact] #[Redact] #[Redact] and [Redact] Checking Account #[Redact] is [Redact] And total funds required for closing and Reserve is [Redact] Due to which there is a shortage for Reserve requirement. Stock and Mutual funds are considered 80% while Money market and checking account is considered 100% usability. Provide additional asset to cover the reserve requirement. Exception remains. Buyer Comment (2026-05-05): Per Lender: Borrower only used [Redact] Checking xx[Redact], [Redact] Stocks, and two [Redact] accounts for funds to close, down payment and reserves. Borrower received [Redact] on [Redact], from [Redact] Business Account from [Redact]. We are not using this account at all for funds to close, down payment or reserves. This account was only provided to support the large deposit that was received into personal account. This is the annual distribution that borrower takes and documented via two years of tax returns. Borrower is 50% owner and in 2023 received Distributions of [Redact] from K1 and then [Redact] in 2024 from K1. Borrower has a history of the distributions and guidelines do not call for CPA letter to confirm distributions, but only when using business assets toward down payment, closing costs and reserves. For this loan we are not and why requesting this condition be waived or escalated to be waived as this is not classified as use of business funds. |
05/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [Redact] | 10358773 | [Redact] | 37404025 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Noted [Redact] State does not allows RCE to be provided, however Require Email confirmation from Insurer to confirm Coverage was made to RCE (provided Document [Redact] is Practice follow in [Redact] state it does not confirm Insurer follow the same) | Reviewer Comment (2026-03-30): Email copy from insurance company is provided with 100% RCE. Exception Cleared Buyer Comment (2026-03-30): per lender: Email from Agent indicating 100% replacement cost |
03/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10358773 | [Redact] | 37404026 | Credit | Guideline | Guideline Issue | Guideline | "Other" housing history reflects lates that do not meet guidelines. | B2 Current Property "[Redact]" sold per Final 1003 Fraud Report noted [Redact] Mortgage loan took on [Redact] and no evidence of Mortgage released provided in the file. Since final CD missing of sold property unable to confirm Property is being Free and clear at the time of selling.. | Reviewer Comment (2026-03-11): Closing statement reflects property is been sold on [Redact]. Exception Cleared Buyer Comment (2026-03-10): Final Settlement Statement [Redact] |
03/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10358773 | [Redact] | 37404027 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD (Asset) not provided | Executed Final CD for Sold Property [Redact] is missing as only Preliminary copy provided | Reviewer Comment (2026-03-11): Executed Closing statement for Sold Property [Redact] is provided. Exception Cleared Buyer Comment (2026-03-10): see settlement statement |
03/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10358773 | [Redact] | 37404028 | Credit | Missing Document | General | Missing Document | Missing Document: Trust Agreement (Asset) not provided | Trust Agreement Is require for Trust fund [Redact] used for Asset Depletion income | Reviewer Comment (2026-03-26): Trust funds not used for income nor asset hence Trust agreement not required. Exception Cleared Buyer Comment (2026-03-24): per lender: Removed trust income in lieu of obtaining more docs but it was a living trust |
03/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10358773 | [Redact] | 37404029 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | [Redact]. Lender used [Redact]*3 as annual average for rental calculation, however Supporting document (Lease agreement) is missing to confirm Lease rent and for Property [Redact] is short term rental property and Guideline is silent about using Other REO Short term rental income in Purchase Transaction . Lender to confirm acceptability (Page 50 of guideline under Asset Depletion) | Reviewer Comment (2026-03-13): As per guide page #[Redact]: Other sources of income allowed in the Fannie Mae Selling Guide can be used to qualify the borrower. Exception Cleared Buyer Comment (2026-03-12): See page [Redact] of guides: Other sources of income allowed in the Fannie Mae Selling Guide can be used to qualify the borrower - examples include Social Security, rental income, royalties, alimony and child support. Follow FNMA. Reviewer Comment (2026-03-11): Noted. Property [Redact] is short term rental property and Guideline is silent about using Other REO Short term rental income in Purchase Transaction . Lender to confirm acceptability (Page [Redact] of guideline under Asset Depletion). Exception remains Buyer Comment (2026-03-10): [Redact] Lease Agreement Buyer Comment (2026-03-10): 2024 signed 1040's Reviewer Comment (2026-03-02): Signed tax returns required to confirm rental income fromthis stream. Buyer Comment (2026-03-02): Per guides would follow FNMA for rental income. So it would need to be reflected on tax returns . |
03/13/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10358773 | [Redact] | 37404030 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Initial Rate lock agreement is missing | Reviewer Comment (2026-03-11): Rate lock agreement received. Exception cleared. Buyer Comment (2026-03-10): rate lock |
03/11/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10358773 | [Redact] | 37404031 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2026-03-30): Lease agreement is provided in file for [Redact]. Lender used [Redact]*3 as annual average for rental calculation. Exception Cleared Buyer Comment (2026-03-27): income conditions cleared pls review |
03/30/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | [Redact] | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10358773 | [Redact] | 37404032 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income (25% Method) using reasonably reliable third-party records. | [Redact]. Lender used [Redact]*3 as annual average for rental calculation, however Supporting document (Lease agreement) is missing to confirm Lease rent | Reviewer Comment (2026-03-30): Lease agreement is provided in file for [Redact]. Lender used [Redact]*3 as annual average for rental calculation. Exception Cleared Buyer Comment (2026-03-27): conditions cleared Reviewer Comment (2026-03-11): Noted. Property [Redact] is short term rental property and Guideline is silent about using Other REO Short term rental income in Purchase Transaction . Lender to confirm acceptability (Page [Redact] of guideline under Asset Depletion). Exception remains Buyer Comment (2026-03-10): see lease agreement |
03/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10358773 | [Redact] | 37404033 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2026-04-29): Received the royalty income documents. |
04/29/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10358773 | [Redact] | 37404035 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2026-03-30): Lease agreement is provided in file for [Redact]. Lender used [Redact]*3 as annual average for rental calculation. Exception Cleared Buyer Comment (2026-03-27): income conditions cleared pls review |
03/30/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10358773 | [Redact] | 37404036 | Compliance | TRID | Document Error | TRID | Closing Disclosure: Dates are not in chronological order. | Final CD noted Additional Debts Paid off IAO [Redact] (Addendum page) whereas 3rd page noted [Redact]rovide PCCD with Correction. | Reviewer Comment (2026-03-11): PCCD is provided with Additional Debts Paid off IAO [Redact]. Exception Cleared Buyer Comment (2026-03-10): PCCD |
03/11/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10358773 | [Redact] | 37404037 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | Borrower qualified with Asset Depletion and Pension income per Final 1003.. Pension income documented with 1099-R for 2024 and 2025. In 2024 Distribution Code 7 (Box 7) noted which is used for Normal distribution from IRA/401K account and in 2025 Code was not present. Per Guideline , When Asset Depletion income is used it supersedes the use of existing retirement distributions, except for pension distributions, if those assets are considered in the calculation of income. Based on the 2025 1099-R unable to identify whether [Redact] is IRA Distribution or Pension Distribution. If it is IRA distribution then DTI Subject to re-review as it not allows while using same asset for depletion income. | Reviewer Comment (2026-03-26): Removed pension income in lieu of obtaining more docs with updated 1003 & 1008 provided. Exception Cleared Buyer Comment (2026-03-24): per lender : Removed pension income in lieu of obtaining more docs but it was a pension |
03/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10358773 | [Redact] | 37404039 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Income Worksheet for B1 Asset Depletion reflects less income than the income on the 1003/1008. Missing income worksheet for Notes Receivable income listed as Royalties on the 1003. | Reviewer Comment (2026-03-26): Income worksheet is provided for Asset depletion with updated 1003 & 1008. Exception Cleared Buyer Comment (2026-03-24): See attached income worksheets, 1008 and 1003 for new totals |
03/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10358773 | [Redact] | 37404040 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2026-05-19): DTI exceptions accepted and downgraded by investor. Reviewer Comment (2026-05-05): re-open ..Per our conversation, we changed to note rate using 30yr based on email guidance causing the qualifying method EV2 mismatch exception. but we feel the guides are very clear and we should be using the following… Based on the [Redact] guides, it states we should be using the 20 yr amortization period after the I/O period for qualifying. Review used monthly PI of [Redact]. Causing the DTI issue. Lender used PI of [Redact]. Reviewer Comment (2026-05-05): cleared Reviewer Comment (2026-04-29): Re-open. After further review, pension income was omitted at lender request. DTI exceeds lender DTI based on review using 30-year IO Fixed-Rate Qualifying P&I payments based on 20 years' loan amortization with DTI of 48.515% Lender used base rate and 41.314% DTI. Reviewer Comment (2026-03-30): Lease agreement is provided in file for [Redact]. Lender used [Redact]*3 as annual average for rental calculation. Exception Cleared Buyer Comment (2026-03-27): income conditions cleared pls review |
05/19/2026 | No | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 10358773 | [Redact] | 37404041 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of 50.69597% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) | Lenders calculated income of 50.69597% moderately exceeds the guideline maximum of 50.00%. Due to loan product of 10 year interest only in Loan summary screen. | Borrower has verified disposable income of at least [Redact]. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The representative FICO score exceeds the guideline minimum by at least 40 points. |
[Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-05-19): Investor accepts and agrees to waive with compensating factors. Buyer Comment (2026-05-19): Exception from [Redact]. Reviewer Comment (2026-05-05): Per our conversation, we changed to note rate using 30yr based on email guidance causing the qualifying method EV2 mismatch exception. but we feel the guides are very clear and we should be using the following… Based on the [Redact] guides, it states we should be using the 20 yr amortization period after the I/O period for qualifying. Review used monthly PI of [Redact]. Causing the DTI issue. Lender used PI of [Redact]. Reviewer Comment (2026-05-05): Cancelled. Using the Note rate for the IO feature. Buyer Comment (2026-05-05): Email sent with additional screen shots of guides Buyer Comment (2026-05-05): Based on [Redact] question to me " "I cannot find anywhere in the guides that allows use of base rate on I/O product." . [Redact] advised Based on the email chain, it's not entirely clear which rate is being used by either the Seller or [Redact]. Given the lock date and note date, it appears this loan is being reviewed under [Redact]. For a 30 year Fixed I/O loan, the note rate is used to calculate the qualifying payment. [Redact] (released on [Redact]) also uses the note rate for qualifying payment calculations on 30 year Fixed I/O loans. Reviewer Comment (2026-04-29): Re-open. After further review, pension income was omitted at lender request. DTI exceeds lender DTI based on review using 30-year IO Fixed-Rate Qualifying P&I payments based on 20 years' loan amortization with DTI of 48.515% Lender used base rate and 41.314% DTI. Reviewer Comment (2026-04-29): Received the royalty income documents. Buyer Comment (2026-04-27): income worksheet and proof on continuance Buyer Comment (2026-04-27): 1003/1008 Reviewer Comment (2026-04-22): Guides state: 6.4.4 Additional Sources of Income For other sources of income, such as 6.4.4 Additional Sources of Income like royalties [Redact] aligns with the Fannie Mae Selling Guide requirements. Based on the [Redact] income mentioned presume we are referring to [Redact] 2025 1099 Royalty.. Defer to B3-3.4-13, Royalty Payment Income guidance for documentation requirements. Then provide income analysis and updated 1003 for additional consideration. Also: Income Continuance The lender must document that income is expected to continue for at least three years from the note date. Buyer Comment (2026-04-20): From the LOX lender is wanting to use royalties received from oil. 3 years 1099's have been provided. They are using [Redact]/mo. IF this income can be used what would be needed? Reviewer Comment (2026-04-20): Islender asking to re-review the loan with new income documentation being provided? Advise what income is being asked to re-review, two different 1099 for royalty. Are two year income needed for this additional source? Income analysis to understand what is being asked to be added at this time. Etc. Buyer Comment (2026-04-16): per lender: Please review our underwriter's explanation and supporting docs attached. Reviewer Comment (2026-03-31): When using the guideline qualification method: "Fully amortized payment at the greater of the fully indexed or the note rate, to repay the loan over the remaining term after the I/O period" the P&I is [Redact] vs what the lender used [Redact]. Buyer Comment (2026-03-27): income conditions cleared pls review |
05/19/2026 | Yes | 2 | B | B | B | B | B | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| [Redact] | 10358773 | [Redact] | 37404042 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | After further review, pension income was omitted at lender request. DTI exceeds lender DTI based on review using 30-year IO Fixed-Rate Qualifying P&I payments based on 20 years' loan amortization with DTI of 48.515% Lender used base rate and 41.314% DTI. | Borrower has verified disposable income of at least [Redact]. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The representative FICO score exceeds the guideline minimum by at least 40 points. |
[Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-05-19): Investor accepts and agrees to waive with compensating factors. Buyer Comment (2026-05-19): updated 1008. Reviewer Comment (2026-05-05): Re-open ..Per our conversation, we changed to note rate using 30yr based on email guidance causing the qualifying method EV2 mismatch exception. but we feel the guides are very clear and we should be using the following… Based on the v5 guides, it states we should be using the 20 yr amortization period after the I/O period for qualifying. Review used monthly PI of [Redact]. Causing the DTI issue. Lender used PI of [Redact]. Reviewer Comment (2026-05-05): Using Note rate per guides. |
05/19/2026 | Yes | 2 | B | B | B | B | B | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| [Redact] | 10358773 | [Redact] | 37404044 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Re-stated:Per our conversation, we changed to note rate using 30yr based on email guidance causing the qualifying method EV2 mismatch exception. but we feel the guides are very clear and we should be using the following… Based on the [Redact] guides, it states we should be using the 20 yr amortization period after the I/O period for qualifying. Review used monthly PI of [Redact]. Causing the DTI issue. Lender used PI of [Redact]. |
Borrower has verified disposable income of at least [Redact]. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and [Redact]. The representative FICO score exceeds the guideline minimum by at least 40 points. |
[Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-05-19): Investor accepts and agrees to waive with compensating factors. |
05/19/2026 | Yes | 2 | B | B | B | B | B | [Redact] | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||
| [Redact] | 10358828 | [Redact] | 37404052 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of [Redact] exceeds tolerance of [Redact]. [Redact] over legal limit. Insufficient or no cure was provided to the borrower. | Collateral Desktop Analysis Fee was disclosed as [Redact] on initial Loan Estimate and [Redact] on Final Closing Disclosure. No Valid Change of Circumstance provided in file. Evidence of cure not provided in file. | Reviewer Comment (2026-05-20): [Redact] Received Corrected PCCD, LOE and Payment history. Buyer Comment (2026-05-19): LOE, PCCD, label and pay history Reviewer Comment (2026-05-18): [Redact] received PCCD and LOE for principal reduction of [Redact], however cure required is [Redact]. Please provide additional cure with cure documents which consist of PCCD, LOE, proof of mailing & copy of refund check. Also provide payment history for principal reduction of [Redact]. Buyer Comment (2026-05-15): LOE and PCCD |
05/20/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10358775 | [Redact] | 37404058 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on [Redact], prior to three (3) business days from transaction date of [Redact]. | There are two CD's dated [Redact], one signed [Redact] with a disbursement date of [Redact]. and onesigned [Redact] with a disbursement date of [Redact]. Unable to ascertain which one was actual closing CD and which one was PCCD. | Reviewer Comment (2026-04-24): Received the LOE and PCCD. Buyer Comment (2026-04-22): FSS, LOE and PCCD |
04/24/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10358775 | [Redact] | 37404061 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Regular APR Change | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure issued on [Redact] contains a change in APR and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation. | Missing evidence the Closing Disclosure dated [Redact] was received by the borrower at least three (3) business days prior to consummation. | Reviewer Comment (2026-05-22): [Redact] received [Redact] CD with wet signed on same date Buyer Comment (2026-05-21): COC signed by borrower |
05/22/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | No Defined Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10358775 | [Redact] | 37404063 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The 2025 W2 was provided and tested. Provide W2 transcript or no results for 2025. | Reviewer Comment (2026-05-06): Received Transcripts (1040) for year 2025. Exception Cleared. Buyer Comment (2026-05-05): 2025 transcripts Reviewer Comment (2026-04-23): Provided transcripts are for year 2024-23. Provide W2 transcript or no results transcripts for year 2025.. Exception remains Buyer Comment (2026-04-23): Disregard - Seller provided 2023 / 2024 transcripts Buyer Comment (2026-04-23): 2025 transcript was included in original package behind the 23/24 transcripts. please see attached |
05/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10358775 | [Redact] | 37404064 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2026-05-06): Received Transcripts (1040) for year 2025. Exception Cleared. Buyer Comment (2026-05-05): See upload [Redact] |
05/06/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | [Redact] | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10358775 | [Redact] | 37404065 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2026-05-06): Received Transcripts (1040) for year 2025. Exception Cleared. Buyer Comment (2026-05-05): See upload [Redact] |
05/06/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10358785 | [Redact] | 37404072 | Credit | Missing Document | General | Missing Document | Missing Document: W-2 Transcript not provided | Missing 2025 W2 transcripts or no results found for B1 and B2 | Reviewer Comment (2026-05-29): Received W2 Wage and Income Transcript for Year 2024 and 2025 for B1 and B2. Excerption cleared. Buyer Comment (2026-05-28): Transcripts [Redact] Buyer Comment (2026-05-28): Transcripts for [Redact] |
05/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10358795 | [Redact] | 37404077 | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcripts (1040) and/or W-2 Transcripts. | - | Co-Borrower: [Redact] - Require Tax Transcripts or W-2 Transcripts for the years 2025 and 2024. | Reviewer Comment (2026-05-27): Received W-2 Wage and Income Transcripts for year 2024 and 2025. Exception Cleared. Buyer Comment (2026-05-22): 2025/2024 Wage Transcripts |
05/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| [Redact] | 10326050 | [Redact] | 37479326 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of HOA Document. | Reviewer Comment (2026-09-11): CD from new loan provided to verify PITIA Seller Comment (2026-09-11): Final CD uploaded for review. Reviewer Comment (2026-09-10): Proof there were no HOA dues on the REO provided; however per the final 1003, the lender qualified the REO with expenses of [Redact] per month. The statement in file verified [Redact] PITIA. It appears the REO was recently refinanced with the same lender as the subject, loan #xx[Redact]. Provide a copy of the CD or other documentation to verify the PITIA of [Redact]. Reviewer Comment (2026-09-10): EXCEPTION HISTORY - Exception Explanation was updated on [Redact] PRIOR Exception Explanation: HOA Verification Seller Comment (2026-09-09): Per the attached property details, [Redact] is not located in an HOA. |
09/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10326050 | [Redact] | 37479331 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of HOA Document. | Reviewer Comment (2026-09-11): Lender provided clarification on the additional amount used to qualify; lender used fully amortized payment on the I/O loan Seller Comment (2026-09-11): The statement in file reflects an IO payment, the underwriter qualified including a principal based on first amortization. Reviewer Comment (2026-09-10): Proof of HOA dues on the REO provided; however per the final 1003, the lender qualified the REO with expenses of [Redact] per month. The statement in file verified [Redact] PITI + HOA dues verified of [Redact], for a total PITIA of [Redact]. It appears the REO was recently refinanced with the same lender as the subject, loan #xx[Redact]. Provide a copy of the CD or other documentation to verify the PITIA of [Redact]. Reviewer Comment (2026-09-10): EXCEPTION HISTORY - Exception Explanation was updated on [Redact] PRIOR Exception Explanation: HOA Verification Seller Comment (2026-09-09): HOA for [Redact] |
09/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10326050 | [Redact] | 37479338 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of HOA Document. | Reviewer Comment (2026-09-11): CD from new loan provided to verify PITIA Seller Comment (2026-09-11): Final CD uploaded for review. Reviewer Comment (2026-09-10): Proof there were no HOA dues on the REO provided; however per the final 1003, the lender qualified the REO with expenses of [Redact] per month. The statement in file verified [Redact] PITIA. It appears the REO was recently refinanced with the same lender as the subject, loan #xx[Redact]. Provide a copy of the CD or other documentation to verify the PITIA of [Redact]. Reviewer Comment (2026-09-10): EXCEPTION HISTORY - Exception Explanation was updated on [Redact] PRIOR Exception Explanation: HOA Verification Seller Comment (2026-09-09): Per the attached property details [Redact] is not located in an HOA. |
09/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10326050 | [Redact] | 37479341 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of HOA Document. | Reviewer Comment (2026-09-11): CD from new loan provided to verify PITIA Seller Comment (2026-09-11): Final CD uploaded for review. Reviewer Comment (2026-09-10): Proof of HOA dues on the REO provided; however per the final 1003, the lender qualified the REO with expenses of [Redact] per month. The statement in file verified [Redact] PITIA + HOA dues verified of [Redact], for a total PITIA of [Redact]. It appears the REO was recently refinanced with the same lender as the subject, loan #xx[Redact]. Provide a copy of the CD or other documentation to verify the PITIA of [Redact]. Reviewer Comment (2026-09-10): EXCEPTION HISTORY - Exception Explanation was updated on [Redact] PRIOR Exception Explanation: HOA Verification Seller Comment (2026-09-09): [Redact] HOA. |
09/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10326050 | [Redact] | 37479343 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of HOA Document. | Reviewer Comment (2026-09-11): CD from new loan provided to verify PITIA Seller Comment (2026-09-11): Final CD uploaded for review. Reviewer Comment (2026-09-10): Proof there were no HOA dues on the REO provided; however per the final 1003, the lender qualified the REO with expenses of [Redact] per month. The statement in file verified [Redact] PITIA. It appears the REO was recently refinanced with the same lender as the subject, loan #xx[Redact]. Provide a copy of the CD or other documentation to verify the PITIA of [Redact]. Reviewer Comment (2026-09-10): EXCEPTION HISTORY - Exception Explanation was updated on [Redact] PRIOR Exception Explanation: HOA Verification Seller Comment (2026-09-09): Per the attached property details [Redact] is not located in an HOA. |
09/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10326050 | [Redact] | 37479348 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of HOA Document. | Reviewer Comment (2026-09-11): Lender provided clarification on the additional amount used to qualify; lender used fully amortized payment on the I/O loan Seller Comment (2026-09-11): The statement in file reflects an IO payment only, the underwriter included principal for first amortization payment to qualify. Reviewer Comment (2026-09-10): Proof there were no HOA dues on the REO provided; however per the final 1003, the lender qualified the REO with expenses of [Redact] per month. The statement in file verified [Redact] PITIA. Unable to determine the other expenses of [Redact]. Reviewer Comment (2026-09-10): EXCEPTION HISTORY - Exception Explanation was updated on [Redact] PRIOR Exception Explanation: HOA Verification Seller Comment (2026-09-09): Per the attached property details, [Redact] is not located in an HOA. |
09/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10326050 | [Redact] | 37479351 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of Tax Verification and Insurance Verification. | Reviewer Comment (2026-09-10): Mortgage statement provided verifying PITIA Seller Comment (2026-09-09): Mortgage statement reflecting escrows for [Redact] uploaded for review. |
09/10/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10326050 | [Redact] | 37479380 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on a Original Loan Amount of [Redact] vs. an allowable total of [Redact] and [Redact] (2026) (an overage of [Redact] or [Redact]). | FNMA Points and Fees on subject loan of [Redact] is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and [Redact] (2026). FNMA Finance Charge total [Redact] on an Original Loan Amount of [Redact] versus an allowable total of [Redact] and [Redact]. | Buyer Comment (2026-09-22): Initial and Final Grade B, accepted |
09/22/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| [Redact] | 10326081 | [Redact] | 37477315 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | REO Documents are missing from the file. | Reviewer Comment (2026-09-21): Additional tax documentation provided Seller Comment (2026-09-16): Additional tax documentation uploaded for review. Reviewer Comment (2026-09-10): Tax cert provided verifying taxes of [Redact]/year or [Redact]/month. The lender qualified with "monthly insurance, taxes, association dues, etc.) of [Redact]. Missing documentation to verify the additional [Redact]/month. Condition remains Seller Comment (2026-09-09): The property on [Redact] is land only, see uploaded property details, along with taxes. Given the fact this is land only there is not HOI. |
09/21/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10326081 | [Redact] | 37477359 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | The file is missing proof of the Universal Loan Identifier (ULI). | Reviewer Comment (2026-09-10): ULI provided Seller Comment (2026-09-09): Universal Loan Identifier uploaded. |
09/10/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| [Redact] | 10326081 | [Redact] | 37483235 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - Not High Cost and Not Higher Priced | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). | The borrower selected "yes" they will occupy the property as their primary residence in the declarations section of the initial 1003 | 09/08/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10457786 | [Redact] | [Redact] | 37467819 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-21): (Rate Lock) [Redact] |
09/23/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10457786 | [Redact] | [Redact] | 37590578 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] versus an investor allowable total of [Redact]. | Reviewer Comment (2026-09-18): Client elected to waive the condition on the Non-QM 1st lien |
09/18/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10468237 | [Redact] | [Redact] | 37568692 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-22): (Rate Lock) [Redact] |
09/23/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10468237 | [Redact] | [Redact] | 37603306 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] versus an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Reviewer Comment (2026-09-21): Client elected to waive the condition on the Non-QM 1st lien |
09/21/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10468237 | [Redact] | [Redact] | 37606769 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-09-21): Sufficient Cure Provided At Closing |
09/21/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10468238 | [Redact] | [Redact] | 37568697 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-21): (Rate Lock) [Redact] |
09/23/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10468240 | [Redact] | [Redact] | 37568741 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-21): (Rate Lock) [Redact] |
09/23/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10468240 | [Redact] | [Redact] | 37600101 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Evidence: ___; State: ___ |
The Preliminary title policy is within [Redact] and does not reflect a coverage amount (no final title policy). Unable to determine if appropriate coverage is provided. | 09/19/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10468252 | [Redact] | [Redact] | 37568743 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-21): (Rate Lock) [Redact] |
09/23/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | A | B | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10468252 | [Redact] | [Redact] | 37589245 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | The file is missing proof of the Universal Loan Identifier (ULI). | Universal Loan Identifier (ULI) is blank. | Reviewer Comment (2026-09-23): ULI provided Seller Comment (2026-09-21): Attached [Redact] Data documentation reflects the Universal Loan Identifier (ULI). Please Clear. |
09/23/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | A | B | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10468252 | [Redact] | [Redact] | 37589290 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. [Redact] over legal limit. Insufficient or no cure was provided to the borrower. | Processing Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close Closing Disclosure disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2026-10-01): [Redact] received Letter of explanation and Corrected Closing disclosure. Seller Comment (2026-09-30): [Redact] - There is no 10% tolerance violation on this transaction. Uploaded LOX, PCCD & Proof of Mailing to [Redact]. "Title" was missing before the fee name & has been revised as "Title - Transaction Management Fee" in the amount of [Redact]. "Title" is required to be added at the beginning of all title/settlement fees. Title - Notice of Settlement [Redact] - was missed in the review & included in the revisions. Per CFPB TRID Guidelines: Consistent terminology and order of charges. On the Closing Disclosure the creditor must label the corresponding services and costs disclosed under § 1026.38(f) and (g) using terminology that describes each item, as applicable, and must use terminology or the prescribed label, as applicable, that is consistent with that used on the Loan Estimate to identify each corresponding item. In addition, § 1026.38(h)(4) requires the creditor to list the items disclosed under each subcategory of charges in a consistent order. If costs move between subheadings under § 1026.38(f)(2) and (f)(3), listing the costs in alphabetical order in each subheading category is considered to be in compliance with § 1026.38(h)(4). See comment 37(f)(5)-1 for guidance regarding the requirement to use terminology that describes the items to be disclosed. |
10/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10468252 | [Redact] | [Redact] | 37589291 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Copy Or Fax Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. [Redact] over legal limit. Insufficient or no cure was provided to the borrower. | Copy Or Fax Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close Closing Disclosure disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2026-10-01): [Redact] received Letter of explanation and Corrected Closing disclosure. Seller Comment (2026-09-30): [Redact] - There is no 10% tolerance violation on this transaction. Uploaded LOX, PCCD & Proof of Mailing to [Redact]. "Title" was missing before the fee name & has been revised as "Title - Copy Fee" in the amount of [Redact]. Title - Notice of Settlement [Redact] - was missed in the review & included in the revisions. "Title" is required to be added at the beginning of all title/settlement fees. Per CFPB TRID Guidelines: Consistent terminology and order of charges. On the Closing Disclosure the creditor must label the corresponding services and costs disclosed under § 1026.38(f) and (g) using terminology that describes each item, as applicable, and must use terminology or the prescribed label, as applicable, that is consistent with that used on the Loan Estimate to identify each corresponding item. In addition, § 1026.38(h)(4) requires the creditor to list the items disclosed under each subcategory of charges in a consistent order. If costs move between subheadings under § 1026.38(f)(2) and (f)(3), listing the costs in alphabetical order in each subheading category is considered to be in compliance with § 1026.38(h)(4). See comment 37(f)(5)-1 for guidance regarding the requirement to use terminology that describes the items to be disclosed. |
10/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10468252 | [Redact] | [Redact] | 37598255 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Subordination Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. [Redact] over legal limit. Insufficient or no cure was provided to the borrower. | Subordination Fee was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close Closing Disclosure disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2026-10-01): [Redact] received Letter of explanation and Corrected Closing disclosure. Seller Comment (2026-09-30): [Redact]- There is no 10% tolerance violation on this transaction. Uploaded LOX, PCCD & Proof of Mailing to [Redact]. "Title" was missing before the fee name & has been revised as "Title - Simultaneous Issue" in the amount of [Redact]. Title - Notice of Settlement [Redact] - was missed in the review & included in the revisions. "Title" is required to be added at the beginning of all title/settlement fees. Per CFPB Guidelines: Consistent terminology and order of charges. On the Closing Disclosure the creditor must label the corresponding services and costs disclosed under § 1026.38(f) and (g) using terminology that describes each item, as applicable, and must use terminology or the prescribed label, as applicable, that is consistent with that used on the Loan Estimate to identify each corresponding item. In addition, § 1026.38(h)(4) requires the creditor to list the items disclosed under each subcategory of charges in a consistent order. If costs move between subheadings under § 1026.38(f)(2) and (f)(3), listing the costs in alphabetical order in each subheading category is considered to be in compliance with § 1026.38(h)(4). See comment 37(f)(5)-1 for guidance regarding the requirement to use terminology that describes the items to be disclosed. Seller Comment (2026-09-30): [Redact] - There is no 10% tolerance violation on this transaction. Uploaded LOX, PCCD & Proof of Mailing to [Redact]. "Title" was missing before the fee name & has been revised as "Title - Simultaneous Issue" in the amount of [Redact]. Title - Notice of Settlement [Redact] - was missed in the review & included in the revisions. "Title" is required to be added at the beginning of all title/settlement fees. Per CFPB Guidelines: Consistent terminology and order of charges. On the Closing Disclosure the creditor must label the corresponding services and costs disclosed under § 1026.38(f) and (g) using terminology that describes each item, as applicable, and must use terminology or the prescribed label, as applicable, that is consistent with that used on the Loan Estimate to identify each corresponding item. In addition, § 1026.38(h)(4) requires the creditor to list the items disclosed under each subcategory of charges in a consistent order. If costs move between subheadings under § 1026.38(f)(2) and (f)(3), listing the costs in alphabetical order in each subheading category is considered to be in compliance with § 1026.38(h)(4). See comment 37(f)(5)-1 for guidance regarding the requirement to use terminology that describes the items to be disclosed. |
10/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10468252 | [Redact] | [Redact] | 37600742 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Initial Fee). Fee Amount of [Redact] exceeds tolerance of [Redact]. [Redact] over legal limit. Insufficient or no cure was provided to the borrower. | Flood Certification (Initial Fee) was last disclosed as [Redact] on LE but disclosed as [Redact] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close Closing Disclosure disclosing the tolerance cure to include [Redact], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2026-10-01): [Redact] received Letter of explanation and Corrected Closing disclosure. Seller Comment (2026-09-30): [Redact] - There is no 10% tolerance violation on this transaction. Uploaded LOX, PCCD & Proof of Mailing to [Redact]. "Title" was missing before the fee name & has been revised as "Title - Flood Determination Fee" in the amount of [Redact] - the exception states Flood Certification, which is incorrect - the Flood Cert is disclosed correctly in Section B - in the amount of [Redact]. Title - Notice of Settlement [Redact] - was missed in the review & included in the revisions. "Title" is required to be added at the beginning of all title/settlement fees. Per CFPB Guidelines: Consistent terminology and order of charges. On the Closing Disclosure the creditor must label the corresponding services and costs disclosed under § 1026.38(f) and (g) using terminology that describes each item, as applicable, and must use terminology or the prescribed label, as applicable, that is consistent with that used on the Loan Estimate to identify each corresponding item. In addition, § 1026.38(h)(4) requires the creditor to list the items disclosed under each subcategory of charges in a consistent order. If costs move between subheadings under § 1026.38(f)(2) and (f)(3), listing the costs in alphabetical order in each subheading category is considered to be in compliance with § 1026.38(h)(4). See comment 37(f)(5)-1 for guidance regarding the requirement to use terminology that describes the items to be disclosed. Seller Comment (2026-09-30): [Redact] - There is no 10% tolerance violation on this transaction. Uploaded LOX, PCCD & Proof of Mailing to [Redact]. "Title" was missing before the fee name & has been revised as "Title - Flood Determination Fee" in the amount of [Redact]- the exception states Flood Certification, which is incorrect - the Flood Cert is disclosed correctly in Section B - in the amount of [Redact]. Title - Notice of Settlement [Redact] - was missed in the review & included in the revisions. "Title" is required to be added at the beginning of all title/settlement fees. Per CFPB Guidelines: Consistent terminology and order of charges. On the Closing Disclosure the creditor must label the corresponding services and costs disclosed under § 1026.38(f) and (g) using terminology that describes each item, as applicable, and must use terminology or the prescribed label, as applicable, that is consistent with that used on the Loan Estimate to identify each corresponding item. In addition, § 1026.38(h)(4) requires the creditor to list the items disclosed under each subcategory of charges in a consistent order. If costs move between subheadings under § 1026.38(f)(2) and (f)(3), listing the costs in alphabetical order in each subheading category is considered to be in compliance with § 1026.38(h)(4). See comment 37(f)(5)-1 for guidance regarding the requirement to use terminology that describes the items to be disclosed. |
10/01/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | B | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10468250 | [Redact] | [Redact] | 37568744 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-10-01): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-30): (Rate Lock) [Redact] |
10/01/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10468247 | [Redact] | [Redact] | 37568745 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-21): (Rate Lock) [Redact] |
09/23/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10468247 | [Redact] | [Redact] | 37599921 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 3% Points and Fees Test. Points and Fees on subject loan of [Redact] is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total [Redact] on a Federal Total Loan Amount of [Redact] vs. an investor allowable total of [Redact] (an overage of [Redact] or [Redact]). | Reviewer Comment (2026-09-18): Client elected to waive the condition on the Non-QM 1st lien |
09/18/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10468247 | [Redact] | [Redact] | 37599923 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [Redact] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. | The file is missing a copy of the Seller's CD. | Reviewer Comment (2026-09-23): [Redact] received ALTA seller settlement statement. Seller Comment (2026-09-22): [Redact] - Uploaded Alta Seller's Final Settlement Statement provided by title company. The Cash to Close on the Seller's Final Settlement matches the Combined Final Settlement Statement - located in [Redact] - Closing Statement - Pages [Redact] - [Redact]. Upon review of the file - it was discovered - the title/settlement fees disclosed in Section C & Recording Charges - Section E - decreased on the Final Settlement Statement, which affected the Cash to Close From Borrower on the Executed Final CD. Refund issued to the borrower by title company in the amount of [Redact]. Uploaded LOX, PCCD & [Redact] Proof of Mailing to the borrower. PCCD is required to be sent to the borrower with any changes to fees or calculations after closing. Copy of Refund Check uploaded to [Redact]. |
09/23/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10469055 | [Redact] | [Redact] | 37575805 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-21): (Rate Lock) [Redact] |
09/23/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10469055 | [Redact] | [Redact] | 37599996 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification Appraisal delivered to borrower was not provided. | 09/19/2026 | No | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10469057 | [Redact] | [Redact] | 37576884 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-09-25): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-23): (Rate Lock) [Redact] |
09/25/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10399526 | [Redact] | 37600840 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of [Redact] is under disclosed by [Redact] compared to the calculated Finance Charge of [Redact] which exceeds the [Redact] threshold. Disclosed Amount Financed on page 5 is also blank or inaccurate. Fee amounts included in Finance Charge and Amount Financed calculations are based on Closing Disclosure dated [Redact]). | Finance Charge disclosed on final Closing Disclosure is [Redact]. Due Diligence Finance Charge is [Redact]. There is a variance of [Redact]. The Post Closing CD dated [Redact] indicates a Title-Recording Service Fee was added after closing. | Reviewer Comment (2026-08-27): [Redact] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2026-08-26): attached Reviewer Comment (2026-08-14): [Redact] received Corrected CD and LOE to borrower. There were not changes to fees but TOP & Finance charge were updated and revised to the Final CD amounts. This Corrected CD does not address these violations. The Final CD underdisclosed the Finance Charge and Total of Payments on page 5. PCCD [Redact] & [Redact] reflect the change from Recording Fee in Section E and adding to Section C as Title-Recording Service Fee. Title-Recording Service fee isa finance charge and should have been included in finance charge and TOP calculations on the Final CD at consummation. With the correction on the CD's post close, this moves this fee to be a finance charge which was not disclosed on final CD. Cure with Corrected CD, LOE to borrower, copy of cure refund of [Redact] and proof of mailing to cure both Finance Charge & TOP violations. Buyer Comment (2026-08-13): attestation Buyer Comment (2026-08-13): PCCD attached Buyer Comment (2026-08-13): attah attestation Buyer Comment (2026-08-13): PCCD |
08/27/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10399526 | [Redact] | 37600841 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redact] disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [Redact]). The disclosed Total of Payments in the amount of [Redact] is under disclosed by [Redact] compared to the calculated total of payments of [Redact] which exceeds the [Redact] threshold. | Disclosed Total of Payments of [Redact] differs from calculated total of [Redact], a difference of [Redact], which exceeds tolerance. The Post Closing CD dated [Redact] indicates a Title-Recording Service Fee was added after closing. | Reviewer Comment (2026-08-27): [Redact] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Buyer Comment (2026-08-26): attached Reviewer Comment (2026-08-14): [Redact] received Corrected CD and LOE to borrower. There were not changes to fees but TOP & Finance charge were updated and revised to the Final CD amounts. This Corrected CD does not address these violations. The Final CD underdisclosed the Finance Charge and Total of Payments on page 5. PCCD [Redact] & [Redact] reflect the change from Recording Fee in Section E and adding to Section C as Title-Recording Service Fee. Title-Recording Service fee isa finance charge and should have been included in finance charge and TOP calculations on the Final CD at consummation. With the correction on the CD's post close, this moves this fee to be a finance charge which was not disclosed on final CD. Cure with Corrected CD, LOE to borrower, copy of cure refund of [Redact] and proof of mailing to cure both Finance Charge & TOP violations. Buyer Comment (2026-08-13): attestation Buyer Comment (2026-08-13): pccd |
08/27/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10399698 | [Redact] | 37600852 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Based on asset documentation in file, verified assets total [Redact]. With funds required to bring to closing of [Redact], plus the Appraisal Fee of [Redact] POC, plus the down payment/deposit of [Redact], plus gift funds totaling [Redact] total funds to be verified is [Redact]. Additionally, guidelines require 3 months of reserves for this loan ([Redact]), and there are only 2.37 months of reserves verified ([Redact]). | Reviewer Comment (2026-08-17): PCCD captured & it shows cash to close as 0. No more additional assets are required. Exception cleared. Buyer Comment (2026-08-13): PCCD [Redact] |
08/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10399698 | [Redact] | 37600854 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Waterfall finding due to shortage of reserves, resulting in a loan designation discrepancy. | Reviewer Comment (2026-08-18): Received the corrected gift letter. |
08/18/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | [Redact] | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10399698 | [Redact] | 37600855 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | General Ability to Repay Provision: Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Waterfall finding due to shortage of reserves. | Reviewer Comment (2026-08-18): Received the corrected gift letter. |
08/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10399698 | [Redact] | 37600862 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | The gift letter fom [Redact] does not reflect relationship. Per Guides donor must meet FNMA requirements under B3-4.3-04. | Reviewer Comment (2026-08-18): Received the corrected gift letter. Buyer Comment (2026-08-17): UPDATED GIFT LETTER |
08/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10399846 | [Redact] | 37600871 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Issue Date Not Provided | TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [Redact] did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available. | Issue date was left blank on the signed Closing Disclosure. | Reviewer Comment (2026-08-26): Prelim CD, not sent to the borrower. Lender attestation provided. Buyer Comment (2026-08-26): The "CD" dated [Redact] was NEVER sent to the borrower. this CD was never sent to the borrower - it was used to confirm title fees so the ICD can be sent. Please remove this date from the testing and re-run. |
08/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Good Faith Redisclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10399846 | [Redact] | 37600872 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue Date > Closing Disclosure Issue Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. | Loan Estimate issued [Redact] and received [Redact], which was after Closing Disclosure issued [Redact] and received [Redact]. | Reviewer Comment (2026-08-26): Prelim CD, not sent to the borrower. Lender attestation provided. Buyer Comment (2026-08-26): The "CD" dated [Redact] was NEVER sent to the borrower. this CD was never sent to the borrower - it was used to confirm title fees so the ICD can be sent. Please remove this date from the testing and re-run. |
08/26/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | No Defined cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10486674 | [Redact] | [Redact] | 37684425 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-10-01): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-09-30): (Rate Lock) [Redact] |
10/01/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10365509 | [Redact] | 37735032 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-08-26): Received the Final Title. Buyer Comment (2026-08-26): Uploaded |
08/26/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | B | B | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10365509 | [Redact] | 37735033 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-08-26): Received the Final Title. |
08/26/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | B | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10365509 | [Redact] | 37735034 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Property Costs Year 1 Underdisclosed - October 2018 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year 1 of on Final Closing Disclosure provided on [Redact] are underdisclosed | Amount of Estimated Property Costs over Year 1 of [Redact] on Final Closing Disclosure provided on [Redact] is under-disclosed. The Property Cost over Year 1 should be [Redact], which is based on monthly HOI of [Redact], Taxes of [Redact], and HOA of [Redact]. | Reviewer Comment (2026-08-25): [Redact] received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2026-08-25): Uploaded Reviewer Comment (2026-08-24): [Redact] received PCCD updating non escrow amount, however escrow amount is also updated on CD and also Non-Escrowed Property Costs are [Redact]per month which equates to calculated Non-escrowed Property Costs over Year 1 of [Redact](The acceptable amounts are 10,11, or 12 months). Corrected PCCD and LOE required updating correct non escrow property cost and also removing the escrow amount from CD. Buyer Comment (2026-08-24): Uploaded |
08/25/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | B | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10365509 | [Redact] | 37735035 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redact] incorrectly disclosed whether the loan will have an escrow account. | Final Closing Disclosure provided on [Redact] states the loan will have an escrow account, however subject loan does not have an escrow account. | Reviewer Comment (2026-08-25): [Redact] received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2026-08-25): Uploaded Reviewer Comment (2026-08-24): [Redact] received PCCD updating non escrow amount, however escrow amount is also updated on CD and also Non-Escrowed Property Costs are [Redact]per month which equates to calculated Non-escrowed Property Costs over Year 1 of [Redact](The acceptable amounts are 10,11, or 12 months). Corrected PCCD and LOE required updating correct non escrow property cost and also removing the escrow amount from CD. Buyer Comment (2026-08-24): Uploaded |
08/25/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | B | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10365509 | [Redact] | 37735036 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow Account | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redact] incorrectly disclosed whether the loan will have an escrow account. | Final Closing Disclosure provided on [Redact] states the loan will have an escrow account, however subject loan does not have an escrow account. | Reviewer Comment (2026-08-25): [Redact] received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2026-08-25): Uploaded Reviewer Comment (2026-08-24): [Redact] received PCCD updating non escrow amount, however escrow amount is also updated on CD and also Non-Escrowed Property Costs are [Redact]per month which equates to calculated Non-escrowed Property Costs over Year 1 of [Redact](The acceptable amounts are 10,11, or 12 months). Corrected PCCD and LOE required updating correct non escrow property cost and also removing the escrow amount from CD. Buyer Comment (2026-08-24): Uploaded |
08/25/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | B | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10365509 | [Redact] | 37735037 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Closing Disclosure dated [Redact], was not provided to Borrower(s) at least three (3) business days prior to closing on [Redact]. | Reviewer Comment (2026-08-03): [Redact] received [Redact] Initial CD, 3 business days prior to the consummation. Buyer Comment (2026-07-31): Uploaded |
08/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | No Defined Cure | C | B | B | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10365509 | [Redact] | 37735038 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redact] exceeds tolerance of [Redact]. [Redact] over legal limit. Insufficient or no cure was provided to the borrower. | Loan Discount Fee Amount increased on CD dated [Redact], with no valid change in circumstance or cure provided to the borrower. | Reviewer Comment (2026-08-03): [Redact] received updated CD and valid changed circumstance. Buyer Comment (2026-07-31): Uploaded |
08/03/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10365509 | [Redact] | 37735039 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Processing Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. [Redact] over legal limit. Insufficient or no cure was provided to the borrower. | Processing Fee added to CD dated [Redact] - This fee was previously disclosed as Underwriting Fee on LE dated [Redact], no valid change in circumstance or cure was provided to the borrower. | Reviewer Comment (2026-08-25): [Redact] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2026-08-25): Uploaded Reviewer Comment (2026-08-24): [Redact] received PCCD, however cure is only updated on lender credit and not on inner column of sec J where cure is disclosed. Please provide corrected PCCD updating cure amount on inner column of sec J to cure the exception. Buyer Comment (2026-08-24): Uploaded Reviewer Comment (2026-08-12): [Redact] received LOE, proof of mailing & copy of refund check, however PCCD provided has same issue date as final CD issue date. Please provide updated PCCD with correct issue date. Buyer Comment (2026-08-11): Uploaded |
08/25/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10399788 | [Redact] | 37735042 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [Redact] incorrectly disclosed whether the loan will have an escrow account. | Final Closing Disclosure provided on [Redact] did not disclose a reason for not having an escrow account on page 4. | Reviewer Comment (2026-08-10): [Redact] Received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2026-08-07): Uploaded Reviewer Comment (2026-08-04): [Redact] Received LOE to borrower. Provide copy of PCCD. Buyer Comment (2026-08-03): Uploaded |
08/10/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | B | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10399788 | [Redact] | 37735045 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-07-30): Title supplemental report provided in file with loan policy amount as [Redact], Exception cleared. Buyer Comment (2026-07-29): Supplemental Report dated [Redact] listed coverage amount as [Redact]. |
07/30/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | B | B | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10399744 | [Redact] | 37735049 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: ___ | Reviewer Comment (2026-08-11): EV1. |
08/11/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||
| [Redact] | 10399744 | [Redact] | 37735050 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Missing documentation verifying use of business funds will not negatively affect the business. The CPA Letter provided does not address use of assets. | Reviewer Comment (2026-08-11): CPA Letter provided in file, Exception cleared. Buyer Comment (2026-08-10): Borrower is sole proprietor. Buyer Comment (2026-08-07): Per guideline [Redact] Sole Proprietor assets business funds. Please use the bottom method and reduce the amount of available assets by 50%. This should result in [Redact] in available assets, which exceeds the [Redact] required for the down payment, closing costs and reserves. |
08/11/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||
| [Redact] | 10399612 | [Redact] | 37735053 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The updated appraisal, dated [Redact], was sent on [Redact]. Default receipt date is [Redact], which is less than 3 business days prior to Note date ([Redact]). Neither compliant borrower's acknowledgment of receipt nor waiver of delivery timing requirements were provided. | Reviewer Comment (2026-08-10): Appraisal notice dated [Redact] provided, Exception cleared. Buyer Comment (2026-08-06): first page of doc [Redact] shows it was delivered on [Redact]. |
08/10/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Second Home | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10399612 | [Redact] | 37735054 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Missing initial Closing Disclosure received by borrower(s) at least 3 business days prior to closing. | Reviewer Comment (2026-08-12): [Redact] received [Redact] CD received 3 business days prior to consummation. Buyer Comment (2026-08-11): uploaded |
08/12/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10399612 | [Redact] | 37735056 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [Redact] exceeds tolerance of [Redact] plus 10% or [Redact][Redact] over legal limit. Insufficient or no cure was provided to the borrower. | Recording Fee was disclosed as [Redact] on the initial Loan Estimate but was disclosed as [Redact] on the Final Closing Disclosure. A valid change of circumstance is not provided for fee increase. The cure provided at closing ([Redact]) is insufficient to address all tolerance violations. | Reviewer Comment (2026-08-18): [Redact] Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2026-08-17): uploaded |
08/18/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10399612 | [Redact] | 37735057 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. [Redact] over legal limit. Insufficient or no cure was provided to the borrower. | Appraisal Fee was disclosed as [Redact] on the initial Loan Estimate but was disclosed as [Redact] on the Final Closing Disclosure. A valid change of circumstance not provided for fee increase. The cure provided at closing ([Redact]) is sufficient to address the violation but is insufficient to address all tolerance violations. | Reviewer Comment (2026-08-05): Cured at closing or within 60 days of consummation prior to TPR review |
08/05/2026 | No | 1 | C | B | C | B | C | B | C | B | C | B | [Redact] | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10399612 | [Redact] | 37735058 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redact] exceeds tolerance of [Redact]. [Redact] over legal limit. Insufficient or no cure was provided to the borrower. | [Redact] Loan is locked on [Redact] and file is missing corresponding CD/LE within 3 days of the lock. Provide corresponding CD/LE. | Reviewer Comment (2026-08-18): [Redact] Received Valid COC dated [Redact] along with corresponding LE. Buyer Comment (2026-08-17): uploaded |
08/18/2026 | No | 1 | A | A | A | A | A | [Redact] | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 10431253 | [Redact] | 37735065 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Broker | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [Redact] did not disclose the required Broker Contact Information (Broker Name, Broker NMLS ID, Contact Name, Contact NMLS ID). | The broker contact NMLS ID is not disclosed on page 5 of the borrower's final Closing Disclosure. | Reviewer Comment (2026-08-18): [Redact] received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2026-08-17): PCCD |
08/18/2026 | No | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | D | B | C | A | D | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10431253 | [Redact] | 37735067 | Compliance | Compliance | State Compliance | State Defect | ([Redact]50(a)(6)) [Redact] Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) | [Redact] Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not properly executed by the Lender. | Reviewer Comment (2026-08-12): Received the executed copy. Buyer Comment (2026-08-11): Fair Market Value |
08/12/2026 | No | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | D | B | C | A | D | B | A | A | Non QM | Non QM | Yes | ||||||||||
| [Redact] | 10431253 | [Redact] | 37735068 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing documentation verifying tax and insurance obligations on retained investment property. | Reviewer Comment (2026-08-18): Received the tax and insurance. Buyer Comment (2026-08-17): Attached is the Property Profile. Also the last page is the letter stating there is no insurance for the this mobile home. |
08/18/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Cash-out - Other | D | B | C | A | D | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10431253 | [Redact] | 37735069 | Compliance | Compliance | State Compliance | Misc. State Level | ([Redact]50(a)(6)) [Redact] Cash-out Loan (T-42 Endorsement Not Obtained) | [Redact] Constitution Section 50(a)(6): Acceptable FNMA title insurance endorsements not obtained for home equity loan. The loan file does not evidence the Title Policy includes the [Redact] T-42 endorsement or the T-42.1 endorsement. (The loan is a [Redact] Section 50 (a)(6) home equity loan.) | Reviewer Comment (2026-08-18): Received the [Redact] endorsements. Buyer Comment (2026-08-17): Endorsement |
08/18/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Refinance - Cash-out - Other | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | D | B | C | A | D | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10399752 | [Redact] | 37735072 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Missing initial Closing Disclosure received by borrower(s) at least 3 business days prior to closing. | Reviewer Comment (2026-08-17): [Redact] received [Redact] Initial CD, 3 business days prior to the consummation. Buyer Comment (2026-08-14): Uploaded |
08/17/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | No Defined Cure | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| [Redact] | 10399752 | [Redact] | 37735073 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | Waterfall finding due to missing income documentation supporting K-1 income used to qualify, resulting in a loan designation discrepancy. | Reviewer Comment (2026-09-29): Loan is SHQM(APOR) Reviewer Comment (2026-09-29): Re-open Reviewer Comment (2026-08-18): 1040 for 2025 has not been filed yet, Extension for the same has been provided in file, Exception cleared. Buyer Comment (2026-08-14): conditions for K-1 income were cleared. please clear this waterfall condition related to them. |
09/29/2026 | No | 1 | B | A | C | A | B | A | C | A | B | A | [Redact] | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| [Redact] | 10399752 | [Redact] | 37735074 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - K-1 Less Than 25 Percent | General QM: Unable to verify K-1 (Less than 25% Ownership) income using reasonably reliable third-party records. | Missing signed and dated 2025 1040 supporting K-1 income used to qualify. | Reviewer Comment (2026-09-29): K-1 losses included in income ratios. This is a publicly traded stock and are losses of investment not income earnings. Reviewer Comment (2026-09-29): Re-open Reviewer Comment (2026-08-14): 1040 for 2025 has not been filed yet, Extension for the same has been provided in file. Exception cleared. Buyer Comment (2026-08-12): We hit the borrower for the losses, although not required, due to Publicly traded partnerships. Borrower has not yet filed the 2025 tax returns and the extension is in the file along with evidence of payments. We are not using income to qualify for those Publicly traded partnerships, only hitting them with the losses, for more conservative approach, but not required. Borrower has a very minimal ownership interest in them. |
09/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [Redact] | 10399752 | [Redact] | 37735075 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - K-1 Less Than 25 Percent | General QM: Unable to verify K-1 (Less than 25% Ownership) income using reasonably reliable third-party records. | Missing signed and dated 2025 1040 supporting K-1 income used to qualify. | Reviewer Comment (2026-09-29): K-1 losses included in income ratios. This is a publicly traded stock and are losses of investment not income earnings. Reviewer Comment (2026-09-29): Re-open Reviewer Comment (2026-08-14): 1040 for 2025 has not been filed yet, Extension for the same has been provided in file. Exception cleared. Buyer Comment (2026-08-12): We hit the borrower for the losses, although not required, due to Publicly traded partnerships. Borrower has not yet filed the 2025 tax returns and the extension is in the file along with evidence of payments. We are not using income to qualify for those Publicly traded partnerships, only hitting them with the losses, for more conservative approach, but not required. Borrower has a very minimal ownership interest in them. |
09/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [Redact] | 10399752 | [Redact] | 37735076 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - K-1 Less Than 25 Percent | General QM: Unable to verify K-1 (Less than 25% Ownership) income using reasonably reliable third-party records. | Missing signed and dated 2025 1040 supporting K-1 income used to qualify. | Reviewer Comment (2026-09-29): K-1 losses included in income ratios. This is a publicly traded stock and are losses of investment not income earnings. Reviewer Comment (2026-09-29): Re-open Reviewer Comment (2026-08-14): 1040 for 2025 has not been filed yet, Extension for the same has been provided in file. Exception cleared. Buyer Comment (2026-08-12): We hit the borrower for the losses, although not required, due to Publicly traded partnerships. Borrower has not yet filed the 2025 tax returns and the extension is in the file along with evidence of payments. We are not using income to qualify for those Publicly traded partnerships, only hitting them with the losses, for more conservative approach, but not required. Borrower has a very minimal ownership interest in them. |
09/29/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [Redact] | 10399752 | [Redact] | 37735077 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: ___ | Reviewer Comment (2026-08-18): EV1. |
08/18/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 10399752 | [Redact] | 37735079 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-08-18): Title supplemental policy provided with updated loan policy amount, Exception cleared. Buyer Comment (2026-08-14): Uploaded |
08/18/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| [Redact] | 10399752 | [Redact] | 37735080 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Neither evidence of delivery of the updated appraisal, dated [Redact], nor compliant acknowledgment of receipt signed at closing was provided. | Reviewer Comment (2026-08-18): Appraisal Delivery provided, Exception cleared. Buyer Comment (2026-08-14): Uploaded |
08/18/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [Redact] | 10399752 | [Redact] | 37735081 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Neither evidence of delivery of the preliminary appraisal, dated [Redact], nor compliant acknowledgment of receipt signed at closing was provided. | Reviewer Comment (2026-08-14): Appraisal delivery dated [Redact] provided, Exception cleared. Buyer Comment (2026-08-12): page [Redact] of upload Document [Redact] shows that the appraisal was delivered [Redact] to the borrower. It says order delivered to borrower and contains the e-mail right below the line across the top of the page. |
08/14/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [Redact] | 10399752 | [Redact] | 37735082 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General QM Provision Income and Assets - K-1 Less Than 25 Percent | General QM: Unable to verify K-1 (Less than 25% Ownership) income using reasonably reliable third-party records. | Reviewer Comment (2026-09-29): K-1 losses included in income ratios. This is a publicly traded stock and are losses of investment not income earnings. |
09/29/2026 | No | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | C | A | B | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| [Redact] | 10399667 | [Redact] | 37735091 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Missing evidence of appraisal delivery three days prior to closing. | Reviewer Comment (2026-08-18): revived the delivery notice Buyer Comment (2026-08-18): Uploaded |
08/18/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10399667 | [Redact] | 37735092 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Missing evidence of appraisal delivery three days prior to closing. | Reviewer Comment (2026-08-18): Received the delivery confirmation. Buyer Comment (2026-08-18): Uploaded |
08/18/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10399796 | [Redact] | 37735097 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-08-20): Title final provided with updated loan policy amount, Exception cleared. |
08/20/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | A | B | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10399796 | [Redact] | 37735098 | Credit | Title | Document Error | Title | The Commitment or Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-08-20): Title final provided with updated loan policy amount, Exception cleared. Buyer Comment (2026-08-19): Uploaded |
08/20/2026 | No | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | B | A | B | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10399528 | [Redact] | 37735110 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability to Repay - Bank Statement Guidelines Require 12 or more Months | Ability to Repay (Dodd-Frank 2014): Guidelines require 12 or more consecutive months bank statements. | Reviewer Comment (2026-08-27): EV1. |
08/27/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | D | A | D | A | A | A | D | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10399528 | [Redact] | 37735111 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability to Repay - Bank Statement Guidelines Require 12 or more Months | Ability to Repay (Dodd-Frank 2014): Guidelines require 12 or more consecutive months bank statements. | Reviewer Comment (2026-08-27): EV1. |
08/27/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | D | A | D | A | A | A | D | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10399528 | [Redact] | 37735112 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | Appraisal is not provided. Unable to determine latest property inspection date. | Reviewer Comment (2026-08-27): Appraisal provided, Exception cleared. Buyer Comment (2026-08-26): uploaded |
08/27/2026 | No | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | D | A | D | A | A | A | D | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10399528 | [Redact] | 37735113 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Reviewer Comment (2026-08-27): Appraisal provided, Exception cleared. |
08/27/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Primary | Purchase | D | A | D | A | A | A | D | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10399528 | [Redact] | 37735114 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | Reviewer Comment (2026-08-27): Appraisal provided, Exception cleared. |
08/27/2026 | No | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Primary | Purchase | D | A | D | A | A | A | D | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10399528 | [Redact] | 37735115 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: ___ | Reviewer Comment (2026-08-27): EV1. |
08/27/2026 | No | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | D | A | D | A | A | A | D | A | Non QM | Non QM | No |