j.p. morgan acceptance corporation ii ABS-15G
Exhibit 99.13
| Loan ID | Seller Loan ID | Redaction ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| XXXX | XXXX | 305039214 | C | A | C | A | A | A | A | A | Closed | FCRE0970 | 2026-01-15 15:16 | 2026-02-12 11:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | Appraisal has issues (credit) | Resolved-Corrected Appraisal with unit #4 kitchen Picture received. - Due Diligence Vendor-02/12/2026 Ready for Review-Document Uploaded. Please escalate for manager review, Lender notes sufficient documentation has been provided to proceed without any concern of missing stove connection or hook ups. The appraiser did not note any deficiencies for same and no further documentation is required as it would for any other concerns (with consideration of local requirements being met, no adverse nor deficiencies and no reconciliation needed “AS IS”). Furthermore The appraisal report verified on page 1 provided show project site as Legal nonconforming, Highest and best use confirmed, with Public sources for Electricity, No Gas option, IMPROVEMENTS shows the number of appliances - *** total of 4 Ranges/Ovens *** and Unit description states “The Subject is considered to be in good condition having been well maintained and remodeled. No functional or external inadequacies noted at time of inspection. The utilities ( water and electric) were on and all mechanical devices were in working order. No major repairs observed at time of inspection. No deterioration observed.”. Please expedite this to be cleared as soon as possible - Seller-02/10/2026 Counter-FNMA requires evidence of stove/stove hook ups. Finding remains. - Due Diligence Vendor-02/03/2026 Ready for Review-Please escalate for manager review, Lender notes sufficient documentation has been provided to proceed without any concern of missing stove connection or hook ups. The appraiser did not note any deficiencies for same and no further documentation is required as it would for any other concerns (with consideration of local requirements being met, no adverse nor deficiencies and no reconciliation needed “AS IS”). Furthermore The appraisal report verified on page 1 provided show project site as Legal nonconforming, Highest and best use confirmed, with Public sources for Electricity, No Gas option, IMPROVEMENTS shows the number of appliances - *** total of 4 Ranges/Ovens *** and Unit description states “The Subject is considered to be in good condition having been well maintained and remodeled. No functional or external inadequacies noted at time of inspection. The utilities ( water and electric) were on and all mechanical devices were in working order. No major repairs observed at time of inspection. No deterioration observed.”. Please expedite this to be cleared as soon as possible - Seller-01/30/2026 Counter-Received updated appraisal. Unable to confirm a stove or stove connection is present in unit 4. Typically a hood is over stove as in all other units, but is not noted in picture provided. Finding remains. - Due Diligence Vendor-01/30/2026 Ready for Review-Document Uploaded. Please see correct Appraisal with kitchen Picture - Seller-01/28/2026 Open-Kitchen unit 1 and unit 4 are the same picture. Provide correct photo for unit 4 - Due Diligence Vendor-01/15/2026 |
Ready for Review-Document Uploaded. Please escalate for manager review, Lender notes sufficient documentation has been provided to proceed without any concern of missing stove connection or hook ups. The appraiser did not note any deficiencies for same and no further documentation is required as it would for any other concerns (with consideration of local requirements being met, no adverse nor deficiencies and no reconciliation needed “AS IS”). Furthermore The appraisal report verified on page 1 provided show project site as Legal nonconforming, Highest and best use confirmed, with Public sources for Electricity, No Gas option, IMPROVEMENTS shows the number of appliances - *** total of 4 Ranges/Ovens *** and Unit description states “The Subject is considered to be in good condition having been well maintained and remodeled. No functional or external inadequacies noted at time of inspection. The utilities ( water and electric) were on and all mechanical devices were in working order. No major repairs observed at time of inspection. No deterioration observed.”. Please expedite this to be cleared as soon as possible - Seller-02/10/2026 Ready for Review-Please escalate for manager review, Lender notes sufficient documentation has been provided to proceed without any concern of missing stove connection or hook ups. The appraiser did not note any deficiencies for same and no further documentation is required as it would for any other concerns (with consideration of local requirements being met, no adverse nor deficiencies and no reconciliation needed “AS IS”). Furthermore The appraisal report verified on page 1 provided show project site as Legal nonconforming, Highest and best use confirmed, with Public sources for Electricity, No Gas option, IMPROVEMENTS shows the number of appliances - *** total of 4 Ranges/Ovens *** and Unit description states “The Subject is considered to be in good condition having been well maintained and remodeled. No functional or external inadequacies noted at time of inspection. The utilities ( water and electric) were on and all mechanical devices were in working order. No major repairs observed at time of inspection. No deterioration observed.”. Please expedite this to be cleared as soon as possible - Seller-01/30/2026 Ready for Review-Document Uploaded. Please see correct Appraisal with kitchen Picture - Seller-01/28/2026 |
Resolved-Corrected Appraisal with unit #4 kitchen Picture received. - Due Diligence Vendor-02/12/2026 |
Months Reserves exceed minimum required - Min 3, actual 21.04 DSCR % greater than 1.20 - Min .75, actual 1.271 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305039214 | C | A | C | A | A | A | A | A | Closed | FCRE1151 | 2026-01-15 10:00 | 2026-02-04 15:47 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Received Quit claim deeds and email from title confirming vesting. - Due Diligence Vendor-02/04/2026 Ready for Review-Document Uploaded. please see attached title provided all transfers deeds, as far back as XXXX. Please expedite this to be cleared as soon as possible - Seller-02/03/2026 Counter-Received property profile. 24 month chain of title required from title. Email from escrow agent is acceptable. - Due Diligence Vendor-01/28/2026 Ready for Review-We agree the Chain of Title is Missing; however, the Property Profile and Appraisal both support that only transfer in the last 24 months was on XXXX. Since the Property Profile does not reflect any other transfers n the last 24 months, the missing Chain of Title is not material to the underwriting decision. Please waive this item. - Seller-01/26/2026 Counter-Received Property Profile. Missing chain of title from title. - Due Diligence Vendor-01/20/2026 Ready for Review-Document Uploaded. Disagree, Lender notes a Property profile is in file and satisfies requirements for Chain of title - Seller-01/16/2026 Open-Unsatisfactory Chain of Title provided. Satisfactory Chain of Title not Provided - Due Diligence Vendor-01/15/2026 |
Ready for Review-Document Uploaded. please see attached title provided all transfers deeds, as far back as XXXX. Please expedite this to be cleared as soon as possible - Seller-02/03/2026 Ready for Review-We agree the Chain of Title is Missing; however, the Property Profile and Appraisal both support that only transfer in the last 24 months was on XXXX. Since the Property Profile does not reflect any other transfers n the last 24 months, the missing Chain of Title is not material to the underwriting decision. Please waive this item. - Seller-01/26/2026 Ready for Review-Document Uploaded. Disagree, Lender notes a Property profile is in file and satisfies requirements for Chain of title - Seller-01/16/2026 |
Resolved-Received Quit claim deeds and email from title confirming vesting. - Due Diligence Vendor-02/04/2026 |
Months Reserves exceed minimum required - Min 3, actual 21.04 DSCR % greater than 1.20 - Min .75, actual 1.271 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305039214 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-01-15 10:24 | 2026-01-20 14:28 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Upon further review, the loan file contained all required documentation. Statement show past due because dated prior to payment being completed. - Due Diligence Vendor-01/20/2026 Ready for Review-Document Uploaded. These are 2 different findings, 1) housing history has been met with credit reflecting 40 monthly mortgage payment with no 30 day lates and 2) past due fees are not necessarily 30 day Mortgage lates, credit report shows 0 lates and XXXX Mtg payment history reflects all payments paid with no 30 day lates (payment usually made on 15th of the month, including XXXX payment)… - Seller-01/16/2026 Open-Housing History Does Not Meet Guideline Requirements Missing satisfactory 12 month housing history for subject property. Current mortgage statement reflects past due payment. Subject to additional conditions. - Due Diligence Vendor-01/15/2026 |
Ready for Review-Document Uploaded. These are 2 different findings, 1) housing history has been met with credit reflecting 40 monthly mortgage payment with no 30 day lates and 2) past due fees are not necessarily 30 day Mortgage lates, credit report shows 0 lates and XXXX Mtg payment history reflects all payments paid with no 30 day lates (payment usually made on 15th of the month, including XXXX payment)… - Seller-01/16/2026 |
Resolved-Upon further review, the loan file contained all required documentation. Statement show past due because dated prior to payment being completed. - Due Diligence Vendor-01/20/2026 |
Months Reserves exceed minimum required - Min 3, actual 21.04 DSCR % greater than 1.20 - Min .75, actual 1.271 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305030867 | C | A | C | A | A | A | A | A | Closed | FCRE1480 | 2026-01-15 19:05 | 2026-02-07 16:01 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-Received confirmation the Gift Funds were provided prior to application. - Due Diligence Vendor-02/07/2026 Ready for Review-Please escalate this matter for manager review as TPR counters are looping without resolution. There are no Gifts funds wired at closing, Lender notes the said “gift Funds” provided were already deposited in the past years and do not require sourcing. The funds are already in the borrower’s XXXX account, some funds sent XXXX and some go back to XXXX. Please see date transfers took place on each of the Gift letters, dates are as follows: $34,013.00, given on XXXX , $34,013.00, given on XXXX, $49,590.00, Given on XXXX, $19,436.00, Given on XXXX. - Seller-02/04/2026 Counter-Per the donor, funds were transferred XXXX and closing is XXXX. In addition, verification of where the funds were transferred to is required. - Due Diligence Vendor-02/03/2026 Ready for Review-Document Uploaded. Please see date of transfer was in XXXX, Please expedite this to be cleared as soon as possible - Seller-01/30/2026 Counter-Gift letter dated XXXX for $19,436. Missing receipt of funds. - Due Diligence Vendor-01/28/2026 Ready for Review-There are no Gifts funds wired at closing, Lender notes the said “gift Funds” provided were already deposited in the past years and do not require sourcing. The funds are already in the borrower’s XXXX account, some funds sent XXXX and some go back to XXXX. Please see date transfers took place on each of the Gift letters, dates are as follows: $34,013.00, given on XXXX , $34,013.00, given on XXXX, $49,590.00, Given on XXXX, $19,436.00, Given on XXXX. - Seller-01/27/2026 Counter-Excluding the gift funds will result in short to close by $18k - Due Diligence Vendor-01/21/2026 Ready for Review-Document Uploaded. Disagree, not a valid finding. Lender notes the gift funds "date of transfer" are over 12 months in the past and do not require sourcing. Borrower's funds were used to close. - Seller-01/16/2026 Open-Asset Record 2 Does Not Meet G/L Requirements Provide evidence that gift funds were wired to closing. - Due Diligence Vendor-01/16/2026 |
Ready for Review-Please escalate this matter for manager review as TPR counters are looping without resolution. There are no Gifts funds wired at closing, Lender notes the said “gift Funds” provided were already deposited in the past years and do not require sourcing. The funds are already in the borrower’s XXXX account, some funds sent XXXX and some go back to XXXX. Please see date transfers took place on each of the Gift letters, dates are as follows: $34,013.00, given on XXXX , $34,013.00, given on 0XXXX, $49,590.00, Given on XXXX, $19,436.00, Given on XXXX. - Seller-02/04/2026 Ready for Review-Document Uploaded. Please see date of transfer was in XXXX, Please expedite this to be cleared as soon as possible - Seller-01/30/2026 Ready for Review-There are no Gifts funds wired at closing, Lender notes the said “gift Funds” provided were already deposited in the past years and do not require sourcing. The funds are already in the borrower’s XXXX account, some funds sent XXXX and some go back to XXXXXXXX. Please see date transfers took place on each of the Gift letters, dates are as follows: $34,013.00, given on XXXX , $34,013.00, given on XXXX, $49,590.00, Given on XXXX, $19,436.00, Given on XXXX. - Seller-01/27/2026 Ready for Review-Document Uploaded. Disagree, not a valid finding. Lender notes the gift funds "date of transfer" are over 12 months in the past and do not require sourcing. Borrower's funds were used to close. - Seller-01/16/2026 |
Resolved-Received confirmation the Gift Funds were provided prior to application. - Due Diligence Vendor-02/07/2026 |
Guideline: LTV is less than guideline maximum - Required is 75 Borrower has 60 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 802 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305055928 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305051895 | B | B | A | A | A | A | B | B | Closed | FPRO9876 | 2026-06-23 13:43 | 2026-06-23 15:24 | Waived | 2 - Non-Material | B | B | Property | Value | Review Product 1 > 10% OR Review Product 2 > 10% S&P B Grade | Waived-The file contains 2 secondary valuations of which one does not support, therefore, waiver has been applied to non-material finding. - Due Diligence Vendor-06/23/2026 Open-S&P value equals B, secondary product within tolerance. This finding will be rated a B for XXXX. All other agencies will be rated as A. - Due Diligence Vendor-06/23/2026 |
Waived-The file contains 2 secondary valuations of which one does not support, therefore, waiver has been applied to non-material finding. - Due Diligence Vendor-06/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 789 Qualifying DTI below maximum allowed - Required is 50 Borrower has 22.15 LTV is less than guideline maximum - Required is 80 Borrower has 75 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | XXXX | |||
| XXXX | 305062501 | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2026-03-02 08:58 | 2026-03-09 14:48 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Upon further review, final 1008 reflects loan is a 12 month bank statement not a BP loan. - Due Diligence Vendor-03/09/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-03/05/2026 Counter-Provide sufficient documentation to validate this loan did not close as a BP loan - Due Diligence Vendor-03/05/2026 Ready for Review-The subject did not close as a Business Purpose loan; therefore, a Business Purpose Affidavit is not required/applicable. - Seller-03/03/2026 Open-The Business Purpose Affidavit Disclosure is Missing Please provide executed Business Purpose Affidavit. - Due Diligence Vendor-03/02/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-03/05/2026 Ready for Review-The subject did not close as a Business Purpose loan; therefore, a Business Purpose Affidavit is not required/applicable. - Seller-03/03/2026 |
Resolved-Upon further review, final 1008 reflects loan is a 12 month bank statement not a BP loan. - Due Diligence Vendor-03/09/2026 |
Qualifying FICO score is at least 20 points above minimum for program - FICO Required is 700 Borrower has 742. Required is 700 Borrower has 742 Qualifying DTI below maximum allowed - DTI Required is 50% - Borrower has 40.21%. Required is 50 Borrower has 40.21 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | ||
| XXXX | 305062501 | D | A | D | A | A | A | A | A | Closed | FCRE0184 | 2026-03-02 09:54 | 2026-03-09 12:07 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Cash-out Letter on a Business Purpose Loan | Resolved-Upon further review, final 1008 reflects loan is a 12 month bank statement not a BP loan. - Due Diligence Vendor-03/09/2026 Ready for Review-Document Uploaded. XXXX guidelines do not stipulate a requirement for a Cash-out Letter. The subject loan did not close as a Business Purpose loan; therefore, a cash-out letter is not required. - Seller-03/05/2026 Counter-Final CD in loan package reflects borrower getting cash back over $800,000. Provide document that this did not close as a Cash Out - Due Diligence Vendor-03/05/2026 Ready for Review-Subject did not close as a Business Purpose loan; therefore, a cash-out letter is not required/applicable. - Seller-03/03/2026 Open-Missing Cash-out Letter on a Business Purpose Loan. Provide Cash-out Letter on a Business Purpose Loan. - Due Diligence Vendor-03/02/2026 |
Ready for Review-Document Uploaded. XXXX guidelines do not stipulate a requirement for a Cash-out Letter. The subject loan did not close as a Business Purpose loan; therefore, a cash-out letter is not required. - Seller-03/05/2026 Ready for Review-Subject did not close as a Business Purpose loan; therefore, a cash-out letter is not required/applicable. - Seller-03/03/2026 |
Resolved-Upon further review, final 1008 reflects loan is a 12 month bank statement not a BP loan. - Due Diligence Vendor-03/09/2026 |
Qualifying FICO score is at least 20 points above minimum for program - FICO Required is 700 Borrower has 742. Required is 700 Borrower has 742 Qualifying DTI below maximum allowed - DTI Required is 50% - Borrower has 40.21%. Required is 50 Borrower has 40.21 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305097626 | C | B | C | B | B | B | A | A | Closed | FCRE1507 | 2026-03-03 15:06 | 2026-03-05 10:17 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Discrepancy between Originator QM Status and Final QM Status | Resolved-Originator Waiver applied to Non-Material Finding - crypto currency for reserves only.. - Due Diligence Vendor-03/04/2026 Open-The Originator QM Status is not the same as the Final QM Status. XXXX crypto currency was not transferred into a US dollar account. Deduction of these funds will result in short reserves. Lender guide is silent on crypto, revert to FNMA which states: Virtual currency that has been exchanged into U.S. dollars is acceptable for the down payment, closing costs, and financial reserves provided the following requirements are met: there is documented evidence that the virtual currency has been exchanged into U.S. dollars and is held in a U.S. or state regulated financial institution, and the funds are verified in U.S. dollars prior to the loan closing. - Due Diligence Vendor-03/03/2026 |
Resolved-Originator Waiver applied to Non-Material Finding - crypto currency for reserves only.. - Due Diligence Vendor-03/04/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 751 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 34.08 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305097626 | C | B | C | B | B | B | A | A | Closed | FCRE1481 | 2026-03-03 15:03 | 2026-03-04 15:11 | Waived | 2 - Non-Material | C | B | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Waived-Document Uploaded. Originator Waiver applied to Non-Material Finding - crypto currency for reserves only.. - Due Diligence Vendor-03/04/2026 Open-Asset Record 3 Does Not Meet G/L Requirements XXXX crypto currency was not transferred into a US dollar account. Deduction of these funds will result in short reserves. Lender guide is silent on crypto, revert to FNMA which states: Virtual currency that has been exchanged into U.S. dollars is acceptable for the down payment, closing costs, and financial reserves provided the following requirements are met: there is documented evidence that the virtual currency has been exchanged into U.S. dollars and is held in a U.S. or state regulated financial institution, and the funds are verified in U.S. dollars prior to the loan closing. - Due Diligence Vendor-03/03/2026 |
Waived-Document Uploaded. Originator Waiver applied to Non-Material Finding - crypto currency for reserves only.. - Due Diligence Vendor-03/04/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 751 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 34.08 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | XXXX | ||
| XXXX | XXXX | 305097626 | C | B | C | B | B | B | A | A | Closed | FCOM5135 | 2026-02-27 11:54 | 2026-02-27 11:54 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/27/2026 |
Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/27/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 751 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 34.08 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | No | XXXX | |||
| XXXX | XXXX | 305061809 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305086843 | D | A | D | A | A | A | A | A | Closed | FCRE0700 | 2026-03-13 13:08 | 2026-03-19 06:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Closing Detail Statement Document is Missing | Resolved-Client provided executed settlement statement. - Due Diligence Vendor-03/19/2026 Ready for Review-Document Uploaded. final settlement stmt - Seller-03/17/2026 Open-Closing Detail Statement Document is Missing and subject property is an Investment property. Missing signed copy. - Due Diligence Vendor-03/17/2026 |
Ready for Review-Document Uploaded. final settlement stmt - Seller-03/17/2026 |
Resolved-Client provided executed settlement statement. - Due Diligence Vendor-03/19/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 727 DSCR % greater than 1.20 - DSCR 2.17 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097672 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305097655 | D | A | D | A | A | A | A | A | Closed | FCRE1160 | 2026-04-13 12:16 | 2026-04-22 15:59 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Expiration Date is before the Note Date | Resolved-Received updated notice from HOI with new policy amount that matches final CD - Due Diligence Vendor-04/22/2026 Ready for Review-Document Uploaded. - Seller-04/21/2026 Open-Hazard Insurance Expiration Date of XXXX is prior to or equal to the Note Date of XXXX 1.Hazard Insurance Expiration Date of XXXX is prior to or equal to the Note Date of XXXX 2.Premium amount higher than what appears on the final CD - Due Diligence Vendor-04/13/2026 |
Ready for Review-Document Uploaded. - Seller-04/21/2026 |
Resolved-Received updated notice from HOI with new policy amount that matches final CD - Due Diligence Vendor-04/22/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 60 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 767 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097655 | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2026-04-13 11:44 | 2026-04-20 13:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received business purpose affidavit. - Due Diligence Vendor-04/20/2026 Ready for Review-Document Uploaded. Please review the attached document so the condition may be cleared. - Seller-04/17/2026 Open-The Business Purpose Affidavit Disclosure is Missing Top of Business Purpose Affidavit is not completely filled out. Missing loan number., borrower names and property address. - Due Diligence Vendor-04/13/2026 |
Ready for Review-Document Uploaded. Please review the attached document so the condition may be cleared. - Seller-04/17/2026 |
Resolved-Received business purpose affidavit. - Due Diligence Vendor-04/20/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 60 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 767 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305062009 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305097778 | C | B | A | A | C | B | A | A | Closed | finding-3352 | 2026-04-24 13:23 | 2026-04-28 11:42 | Waived | 2 - Non-Material | C | B | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Waived-Originator waiver applied to non-material finding . Deemed non-material due to full appraisal in file with escrow impounds of taxes and insurance - Due Diligence Vendor-04/27/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-04/24/2026 |
Waived-Originator waiver applied to non-material finding . Deemed non-material due to full appraisal in file with escrow impounds of taxes and insurance - Due Diligence Vendor-04/27/2026 |
Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 43.46 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 706 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | No | XXXX | |||
| XXXX | 305087276 | D | B | D | B | C | B | A | A | Closed | finding-3352 | 2026-03-27 13:53 | 2026-06-25 11:28 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/25/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-03/27/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/25/2026 |
Months Reserves exceed minimum required - Guidelines require 6 months reserves. Borrower has 14.63 months of reserves. Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 747 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||||
| XXXX | 305087276 | D | B | D | B | C | B | A | A | Closed | FCRE1193 | 2026-04-21 13:56 | 2026-04-23 14:39 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Waived-Originator Waiver applied to Non-Material Finding with Comp Factors. Guidelines require a mas DTI of 50% - Exception to allow the loan to close with a 51% DTI - Due Diligence Vendor-04/23/2026 Ready for Review-Document Uploaded. Please see attached exception - Seller-04/23/2026 Open-***NEW*** DTI increased to 50.53% due to lesser rent value from 1007 provided by originator - Due Diligence Vendor-04/21/2026 |
Ready for Review-Document Uploaded. Please see attached exception - Seller-04/23/2026 |
Waived-Originator Waiver applied to Non-Material Finding with Comp Factors. Guidelines require a mas DTI of 50% - Exception to allow the loan to close with a 51% DTI - Due Diligence Vendor-04/23/2026 |
Months Reserves exceed minimum required - Guidelines require 6 months reserves. Borrower has 14.63 months of reserves. Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 747 |
FICO is 20 points above minimum required Reserves = 3+ months above minimum required 5+ years in current business |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX | |
| XXXX | 305087276 | D | B | D | B | C | B | A | A | Closed | FCRE1345 | 2026-03-30 12:12 | 2026-04-23 14:38 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Borrower 1 Lease Agreements Missing | Waived-Originator Waiver applied to Non-Material Finding with Comp Factors. Guidelines require a mas DTI of 50% - Exception to allow the loan to close with a 51% DTI - Due Diligence Vendor-04/23/2026 Ready for Review-Document Uploaded. Please see attached exception allowing the loan to close with a 51% DTI - Seller-04/23/2026 Ready for Review-Document Uploaded. - Seller-04/18/2026 Ready for Review-Please see 1007 reflects market rents for departing residence located at XXXX, which meets requirement: recently completed appraisal form 1007 or 1025 (as applicable) can be used to determine gross market rent. - Seller-04/18/2026 Open-Borrower 1 Lease Agreements Missing The Borrower's departing residence was being qualified with gross rental income of $2,370 per month. Guidelines require a copy of the executed 12-month term lease, verification of receipt of the security deposit and proof of the first month’s rent deposited to borrower’s account. If no lease/deposit is available, a recently completed appraisal form 1007 or 1025 (as applicable) can be used to determine gross market rent. This requirement must be met to continue to qualify the Borrower with $2,370 in gross rental income. - Due Diligence Vendor-03/30/2026 |
Ready for Review-Document Uploaded. Please see attached exception allowing the loan to close with a 51% DTI - Seller-04/23/2026 Ready for Review-Document Uploaded. - Seller-04/18/2026 Ready for Review-Please see 1007 reflects market rents for departing residence located at XXXX, which meets requirement: recently completed appraisal form 1007 or 1025 (as applicable) can be used to determine gross market rent. - Seller-04/18/2026 |
Waived-Originator Waiver applied to Non-Material Finding with Comp Factors. Guidelines require a mas DTI of 50% - Exception to allow the loan to close with a 51% DTI - Due Diligence Vendor-04/23/2026 |
Months Reserves exceed minimum required - Guidelines require 6 months reserves. Borrower has 14.63 months of reserves. Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 747 |
FICO is 20 points above minimum required Reserves = 3+ months above minimum required 5+ years in current business |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX | |
| XXXX | 305087276 | D | B | D | B | C | B | A | A | Closed | FCRE6019 | 2026-03-30 15:32 | 2026-04-08 14:13 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Received borrowers EAD card front and back. Borrower Citizenship Documentation Provided - Due Diligence Vendor-04/08/2026 Ready for Review-Document Uploaded. Please see attached - Seller-04/07/2026 Open-Borrower Citizenship Documentation Is Missing Guidelines state an individual admitted to the United States as a lawful temporary resident. Lawful nonpermanent residents are legally accorded the privilege of residing temporarily in the United States. Must validate the borrower has employment authorization. This may be documented with either an EAD or a VISA permitting employment. The borrower's employment authorization is missing from the loan file. Additional conditions may apply. - Due Diligence Vendor-03/30/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-04/07/2026 |
Resolved-Received borrowers EAD card front and back. Borrower Citizenship Documentation Provided - Due Diligence Vendor-04/08/2026 |
Months Reserves exceed minimum required - Guidelines require 6 months reserves. Borrower has 14.63 months of reserves. Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 747 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | 305087276 | D | B | D | B | C | B | A | A | Closed | FCOM1301 | 2026-03-27 13:23 | 2026-03-30 06:57 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Home Loan Toolkit is Missing | Waived-The Home Loan Toolkit disclosure is missing. -----Originator waiver applied to non-material findings. - Due Diligence Vendor-03/27/2026 | Waived-The Home Loan Toolkit disclosure is missing. -----Originator waiver applied to non-material findings. - Due Diligence Vendor-03/27/2026 |
Months Reserves exceed minimum required - Guidelines require 6 months reserves. Borrower has 14.63 months of reserves. Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 747 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | XXXX | ||||
| XXXX | XXXX | 305087395 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 305087379 | D | A | D | A | A | A | A | A | Closed | FCRE1161 | 2026-04-01 09:46 | 2026-04-07 13:47 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Missing | Resolved-Received Flood Certificate - Due Diligence Vendor-04/07/2026 Ready for Review-Document Uploaded. Please see attached. Although its appears this was already in the delivered loan file based on the next finding. - Seller-04/03/2026 Open-Missing Flood Certificate - Due Diligence Vendor-04/01/2026 |
Ready for Review-Document Uploaded. Please see attached. Although its appears this was already in the delivered loan file based on the next finding. - Seller-04/03/2026 |
Resolved-Received Flood Certificate - Due Diligence Vendor-04/07/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 747 LTV is less than guideline maximum - Required is 75 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | ||
| XXXX | 305087379 | D | A | D | A | A | A | A | A | Closed | FCRE1181 | 2026-04-01 09:46 | 2026-04-07 13:47 | Resolved | 1 - Information | C | A | Credit | Insurance | Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed | Resolved-Received fully executed of Notice of Special Flood Hazard - Due Diligence Vendor-04/07/2026 Ready for Review-Document Uploaded. - Seller-04/03/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-04/03/2026 Open-Subject Property is in Flood Zone XXXX but Notice of Special Flood Hazard Disclosure was not provided - Due Diligence Vendor-04/01/2026 |
Ready for Review-Document Uploaded. - Seller-04/03/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-04/03/2026 |
Resolved-Received fully executed of Notice of Special Flood Hazard - Due Diligence Vendor-04/07/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 747 LTV is less than guideline maximum - Required is 75 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305097488 | D | A | D | A | C | A | A | A | Closed | finding-3634 | 2026-04-02 16:35 | 2026-05-13 13:21 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received PCCD and copy of check. Finding Resolved. - Due Diligence Vendor-05/13/2026 Ready for Review-Document Uploaded. - Seller-05/12/2026 Counter-Received PCCD XXXX. Please provide a copy of the check sent to the borrower. - Due Diligence Vendor-05/11/2026 Ready for Review-Document Uploaded. - Seller-05/08/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $35.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Zero (0%) tolerance fees increased by $35.00 (Tax Cert) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $35.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 3 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-04/02/2026 |
Ready for Review-Document Uploaded. - Seller-05/12/2026 Ready for Review-Document Uploaded. - Seller-05/08/2026 |
Resolved-Received PCCD and copy of check. Finding Resolved. - Due Diligence Vendor-05/13/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 746 Qualifying DTI below maximum allowed - Required is 50 Borrower has 28.52 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097488 | D | A | D | A | C | A | A | A | Closed | FCRE0082 | 2026-04-07 08:36 | 2026-05-08 11:08 | Resolved | 1 - Information | C | A | Credit | Title | Vested Owner Signature Requirement Not met | Resolved-Received corrected Note, Mortgage and Quit Claim Deed reflecting closing as individual. - Due Diligence Vendor-05/08/2026 Ready for Review-Document Uploaded. - Seller-05/07/2026 Open-Vested Owner Signature Requirement Not met. Subject property is a second home. Loan vested in borrower's LLC. Per guidelines section 3.6.3, vesting solely in the name of a business entity (LLC, partnership or corporation) is acceptable on investment business purpose loans only. Sellers must ensure loans that are secured by properties vested in a business are solely business purpose loans for the purchase or refinance of an investment property. - Due Diligence Vendor-04/07/2026 |
Ready for Review-Document Uploaded. - Seller-05/07/2026 |
Resolved-Received corrected Note, Mortgage and Quit Claim Deed reflecting closing as individual. - Due Diligence Vendor-05/08/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 746 Qualifying DTI below maximum allowed - Required is 50 Borrower has 28.52 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097488 | D | A | D | A | C | A | A | A | Closed | FCRE7497 | 2026-04-07 07:53 | 2026-04-14 14:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received HOA verification - Due Diligence Vendor-04/14/2026 Ready for Review-Document Uploaded. - Seller-04/13/2026 Counter-Received final CD on new loan for 3c. Missing HOA verification for REO 3b - Due Diligence Vendor-04/10/2026 Ready for Review-Document Uploaded. Closing package on new loan - Seller-04/09/2026 Open-Provide HOA verification for REO 3b. Per the 1003, borrower has new mortgage for REO 3c. Provide first payment letter to verify PITIA. Additional conditions may apply. - Due Diligence Vendor-04/07/2026 |
Ready for Review-Document Uploaded. - Seller-04/13/2026 Ready for Review-Document Uploaded. Closing package on new loan - Seller-04/09/2026 |
Resolved-Received HOA verification - Due Diligence Vendor-04/14/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 746 Qualifying DTI below maximum allowed - Required is 50 Borrower has 28.52 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305086842 | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2026-04-06 13:45 | 2026-04-13 12:49 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator provided a waiver for loan amount of XXXX<$300,000 minimum– wavier applied with reviewed compfactors - Due Diligence Vendor-04/13/2026 Ready for Review-Document Uploaded. pls see exception attached. - Seller-04/10/2026 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $300000 - Due Diligence Vendor-04/06/2026 |
Ready for Review-Document Uploaded. pls see exception attached. - Seller-04/10/2026 |
Waived-Originator provided a waiver for loan amount of XXXX<$300,000 minimum– wavier applied with reviewed compfactors - Due Diligence Vendor-04/13/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 778 Months Reserves exceed minimum required - 3 months reserves required, borrower has 104 months |
FICO: 778>700 minimum required Reserves: 104 months verified>3 mons required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |
| XXXX | XXXX | 305086842 | C | B | C | B | A | A | A | A | Closed | FCRE1206 | 2026-04-06 13:31 | 2026-04-13 12:45 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-04/13/2026 Ready for Review-Document Uploaded. fraud guard - Seller-04/10/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Fraud is missing XXXX - Due Diligence Vendor-04/06/2026 |
Ready for Review-Document Uploaded. fraud guard - Seller-04/10/2026 |
Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-04/13/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 778 Months Reserves exceed minimum required - 3 months reserves required, borrower has 104 months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305086841 | D | B | D | B | A | A | A | A | Closed | FCRE1206 | 2026-04-06 14:43 | 2026-04-13 12:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-04/13/2026 Ready for Review-Document Uploaded. XXXX - Seller-04/10/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Fraud is missing the borrower's vested business name. - Due Diligence Vendor-04/06/2026 |
Ready for Review-Document Uploaded. FRAUD GUARD - Seller-04/10/2026 |
Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-04/13/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 778 Months Reserves exceed minimum required - 3 months reserves required, borrower has 113 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305086841 | D | B | D | B | A | A | A | A | Closed | FCRE1161 | 2026-04-06 14:36 | 2026-04-13 12:55 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Missing | Resolved-Flood Certificate is fully present - Due Diligence Vendor-04/13/2026 Ready for Review-Document Uploaded. flood cert - Seller-04/10/2026 Open-Missing Flood Certificate - Due Diligence Vendor-04/06/2026 |
Ready for Review-Document Uploaded. flood cert - Seller-04/10/2026 |
Resolved-Flood Certificate is fully present - Due Diligence Vendor-04/13/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 778 Months Reserves exceed minimum required - 3 months reserves required, borrower has 113 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305086841 | D | B | D | B | A | A | A | A | Closed | FCRE1200 | 2026-04-06 14:56 | 2026-04-13 12:52 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator provided a waiver for loan amount of XXXX<$300,000 required – wavier applied with reviewed compfactors - Due Diligence Vendor-04/13/2026 Ready for Review-Document Uploaded. loan amt exception - Seller-04/10/2026 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $300000 - Due Diligence Vendor-04/06/2026 |
Ready for Review-Document Uploaded. loan amt exception - Seller-04/10/2026 |
Waived-Originator provided a waiver for loan amount of XXXX<$300,000 required – wavier applied with reviewed compfactors - Due Diligence Vendor-04/13/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 778 Months Reserves exceed minimum required - 3 months reserves required, borrower has 113 months. |
FICO: 778>660 minimum required Reserves: 113 months verified > 3 months required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |
| XXXX | XXXX | 305062026 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305102277 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCRE1505 | 2026-04-22 13:11 | 2026-05-07 14:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Tradelines do not meet Guideline Requirements | Resolved-The Tradelines for the borrower(s) meets the guideline requirements or is not applicable. - Due Diligence Vendor-05/07/2026 Resolved-Solar agreement was located in the original submission package. - Due Diligence Vendor-04/23/2026 Ready for Review-see pages 248-290 of the original package for the solar lease terms and borrowers personal monthly cost. The solar lease is treated as a person expense vs property expense - Seller-04/22/2026 Open-The Tradelines for the borrower(s) do not meet the guideline requirements. Need fully executed Solar Lease agreement reflecting payment and balance of solar agreement that was taken over by borrowers with purchase of subject. - Due Diligence Vendor-04/22/2026 |
Ready for Review-see pages 248-290 of the original package for the solar lease terms and borrowers personal monthly cost. The solar lease is treated as a person expense vs property expense - Seller-04/22/2026 |
Resolved-The Tradelines for the borrower(s) meets the guideline requirements or is not applicable. - Due Diligence Vendor-05/07/2026 Resolved-Solar agreement was located in the original submission package. - Due Diligence Vendor-04/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCRE1440 | 2026-04-22 17:13 | 2026-05-07 14:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing History Meets Guideline Requirements. 11 months history has been provided however, we do have a check from XXXX and even though we do not showed the check as cleared, the rent due for XXXX does not reflect any late fee from XXXX rents. Based on this logic, we have 12 months and finding is now resolved. - Due Diligence Vendor-05/07/2026 Ready for Review-Document Uploaded. Please see attached 12 month housing history. The lender exception no longer applies and has been removed. - Seller-05/07/2026 Waived-Originator exception granted to allow 11 months payment history on primary residence. . Non-material waiver applied to finding with compensating factors. - Deemed non-material as only 1 month is missing. - Due Diligence Vendor-04/23/2026 Ready for Review-Document Uploaded. - Seller-04/23/2026 Counter-11 months of payments were located in the original submission package, however 0x30x12 is required for a FTHB. Please provide housing history prior to 6/2025. - Due Diligence Vendor-04/23/2026 Ready for Review-please see pages 45-51 or original package - Seller-04/22/2026 Open-Housing History Does Not Meet Guideline Requirements Provide a full 12 month history of rental payments. - Due Diligence Vendor-04/22/2026 |
Ready for Review-Document Uploaded. Please see attached 12 month housing history. The lender exception no longer applies and has been removed. - Seller-05/07/2026 Ready for Review-Document Uploaded. - Seller-04/23/2026 Ready for Review-please see pages 45-51 or original package - Seller-04/22/2026 |
Resolved-Housing History Meets Guideline Requirements. 11 months history has been provided however, we do have a check from XXXX and even though we do not showed the check as cleared, the rent due for XXXX does not reflect any late fee from XXXX rents. Based on this logic, we have 12 months and finding is now resolved. - Due Diligence Vendor-05/07/2026 Waived-Originator exception granted to allow 11 months payment history on primary residence. . Non-material waiver applied to finding with compensating factors. - Deemed non-material as only 1 month is missing. - Due Diligence Vendor-04/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
DTI < 43% Same address for 9.5 years Same job for > 8 years, same profession > 10 years Housing history 0 X 30 for 12+ months |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX |
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCRE1506 | 2026-04-22 14:04 | 2026-05-04 17:05 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-04/27/2026 Ready for Review-see pages 248-290 of the original package for the solar lease terms and borrowers personal monthly cost. The solar lease is treated as a person expense vs property expense - Seller-04/22/2026 Ready for Review-Document Uploaded. Please see pg 248 or original package for solar lease and attached regarding reserves - Seller-04/22/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. 1). We are missing fully executed Solar Lease documentation showing payment and balance to add into DTI. 2). We are missing reserves to completed transaction. - Due Diligence Vendor-04/22/2026 |
Ready for Review-see pages 248-290 of the original package for the solar lease terms and borrowers personal monthly cost. The solar lease is treated as a person expense vs property expense - Seller-04/22/2026 Ready for Review-Document Uploaded. Please see pg 248 or original package for solar lease and attached regarding reserves - Seller-04/22/2026 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-04/27/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCRE6844 | 2026-04-22 14:27 | 2026-04-24 09:58 | Waived | 2 - Non-Material | C | B | Credit | Assets | Gift Funds General | Waived-Originator exception granted, waiver applied with comp factors. Exception to allow gift funds from close friend and business colleague. Client provided proof that the address was is in several other places when the business was verified. The business is run from the residence, and the phone number is also available publicly. - Due Diligence Vendor-04/24/2026 Ready for Review-Document Uploaded. Please see gift letter attached that includes donors address and phone# - Seller-04/23/2026 Waived-Originator exception granted, waiver applied with comp factors. Exception to allow gift funds from close friend and business colleague. Client provided proof that the address was is in several other places when the business was verified. The business is run from the residence, and the phone number is also available publicly. - Due Diligence Vendor-04/23/2026 Ready for Review-**correction to gift fund amount, total gift of $340k was not used for reserves since 50k received for EMD and 290k was received for FTC. The borrowers brought in the remaining funds to close needed. - Seller-04/22/2026 Ready for Review-Document Uploaded. 1. Please see exception attached 2. Please see exception attached 3. Please see attached Business Verification and wire information reflecting same business name verified for donor. The bank statement is not required if the wire reflects the donors name and business already verified 4.Gift was $290k and cash to close was $310k, so gift funds were not used for reserves. - Seller-04/22/2026 Open-1). Gift donor does not meet investor guidelines as gift letter indicates donor is a personal friend. 2). Gift letters are missing donor's address and phone number on all gift letters provided. 3). Need documentation showing gift funds came out of donor's business account and that they are 100% owner of the business and business account where funds were withdrawn. 4). Gift funds can not be used for reserves. - Due Diligence Vendor-04/22/2026 |
Ready for Review-Document Uploaded. Please see gift letter attached that includes donors address and phone# - Seller-04/23/2026 Ready for Review-**correction to gift fund amount, total gift of $340k was not used for reserves since 50k received for EMD and 290k was received for FTC. The borrowers brought in the remaining funds to close needed. - Seller-04/22/2026 Ready for Review-Document Uploaded. 1. Please see exception attached 2. Please see exception attached 3. Please see attached Business Verification and wire information reflecting same business name verified for donor. The bank statement is not required if the wire reflects the donors name and business already verified 4.Gift was $290k and cash to close was $310k, so gift funds were not used for reserves. - Seller-04/22/2026 |
Waived-Originator exception granted, waiver applied with comp factors. Exception to allow gift funds from close friend and business colleague. Client provided proof that the address was is in several other places when the business was verified. The business is run from the residence, and the phone number is also available publicly. - Due Diligence Vendor-04/24/2026 Waived-Originator exception granted, waiver applied with comp factors. Exception to allow gift funds from close friend and business colleague. Client provided proof that the address was is in several other places when the business was verified. The business is run from the residence, and the phone number is also available publicly. - Due Diligence Vendor-04/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
Low DTI< 43% Time at current address 9.5 years Same employment 8+ years |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX |
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCRE1322 | 2026-04-22 16:53 | 2026-04-23 13:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Business Tax Returns Missing | Resolved-Received confirmation loan was approved with the P&L approval. - Due Diligence Vendor-04/23/2026 Ready for Review-Our Bank Statement and P&L programs use the full doc matrix so our approval reflects “full doc” for all of these types of loans. Our MLS system also does not have an option for the other income types so all loans from the bank statement and P&L programs will reflect this way on our approvals. - Seller-04/23/2026 Counter-Loan was submitted as Full Documentation. The approval in file dated XXXX states Full Documentation. Finding remains. - Due Diligence Vendor-04/23/2026 Ready for Review-The P&L program used does not require any tax returns and is considered a full doc program. - Seller-04/22/2026 Open-Borrower 1 Business Tax Returns Missing Approval and tape shows full doc loan. Full doc loan would require the most recent business returns. - Due Diligence Vendor-04/22/2026 |
Ready for Review-Our Bank Statement and P&L programs use the full doc matrix so our approval reflects “full doc” for all of these types of loans. Our MLS system also does not have an option for the other income types so all loans from the bank statement and P&L programs will reflect this way on our approvals. - Seller-04/23/2026 Ready for Review-The P&L program used does not require any tax returns and is considered a full doc program. - Seller-04/22/2026 |
Resolved-Received confirmation loan was approved with the P&L approval. - Due Diligence Vendor-04/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCRE1334 | 2026-04-22 16:53 | 2026-04-23 13:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Executed 4506-T/4506-C is Missing | Resolved-Received confirmation loan was approved with the P&L approval. - Due Diligence Vendor-04/23/2026 Ready for Review-Our Bank Statement and P&L programs use the full doc matrix so our approval reflects “full doc” for all of these types of loans. Our MLS system also does not have an option for the other income types so all loans from the bank statement and P&L programs will reflect this way on our approvals. - Seller-04/23/2026 Counter-Loan was submitted as Full Documentation. The approval in file dated XXXX states Full Documentation. Finding remains. - Due Diligence Vendor-04/23/2026 Ready for Review-The P&L program used does not require tax returns and is considered a full doc program. - Seller-04/22/2026 Open-Borrower 1 Executed 4506-T/4506-C is Missing 4506 required for full doc loan. Approval and tape shows full doc guides were used. - Due Diligence Vendor-04/22/2026 |
Ready for Review-Our Bank Statement and P&L programs use the full doc matrix so our approval reflects “full doc” for all of these types of loans. Our MLS system also does not have an option for the other income types so all loans from the bank statement and P&L programs will reflect this way on our approvals. - Seller-04/23/2026 Ready for Review-The P&L program used does not require tax returns and is considered a full doc program. - Seller-04/22/2026 |
Resolved-Received confirmation loan was approved with the P&L approval. - Due Diligence Vendor-04/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCRE1319 | 2026-04-22 16:53 | 2026-04-23 13:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Personal Tax Returns Missing | Resolved-Received confirmation loan was approved with the P&L approval. - Due Diligence Vendor-04/23/2026 Ready for Review-Our Bank Statement and P&L programs use the full doc matrix so our approval reflects “full doc” for all of these types of loans. Our MLS system also does not have an option for the other income types so all loans from the bank statement and P&L programs will reflect this way on our approvals. - Seller-04/23/2026 Counter-Loan was submitted as Full Documentation. The approval in file dated XXXX states Full Documentation. Finding remains. - Due Diligence Vendor-04/23/2026 Ready for Review-The P&L program used does not require tax returns and is considered a full doc program. - Seller-04/22/2026 Open-Borrower 1 Personal Tax Returns Missing Approval and tape shows full doc loan. Full doc loan would require the most recent returns. - Due Diligence Vendor-04/22/2026 |
Ready for Review-Our Bank Statement and P&L programs use the full doc matrix so our approval reflects “full doc” for all of these types of loans. Our MLS system also does not have an option for the other income types so all loans from the bank statement and P&L programs will reflect this way on our approvals. - Seller-04/23/2026 Ready for Review-The P&L program used does not require tax returns and is considered a full doc program. - Seller-04/22/2026 |
Resolved-Received confirmation loan was approved with the P&L approval. - Due Diligence Vendor-04/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCRE1352 | 2026-04-22 16:53 | 2026-04-23 13:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Business Tax Returns Missing | Resolved-Received confirmation loan was approved with the P&L approval. - Due Diligence Vendor-04/23/2026 Ready for Review-Our Bank Statement and P&L programs use the full doc matrix so our approval reflects “full doc” for all of these types of loans. Our MLS system also does not have an option for the other income types so all loans from the bank statement and P&L programs will reflect this way on our approvals. - Seller-04/23/2026 Counter-Loan was submitted as Full Documentation. The approval in file dated XXXX states Full Documentation. Finding remains. - Due Diligence Vendor-04/23/2026 Ready for Review-The P&L program used does not require tax returns and is considered a full doc program. - Seller-04/22/2026 Open-Borrower 2 Business Tax Returns Missing Approval and tape shows full doc loan. Full doc loan would require the most recent business returns. - Due Diligence Vendor-04/22/2026 |
Ready for Review-Our Bank Statement and P&L programs use the full doc matrix so our approval reflects “full doc” for all of these types of loans. Our MLS system also does not have an option for the other income types so all loans from the bank statement and P&L programs will reflect this way on our approvals. - Seller-04/23/2026 Ready for Review-The P&L program used does not require tax returns and is considered a full doc program. - Seller-04/22/2026 |
Resolved-Received confirmation loan was approved with the P&L approval. - Due Diligence Vendor-04/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCRE1364 | 2026-04-22 16:53 | 2026-04-23 13:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Executed 4506-T/4506-C is Missing | Resolved-Received confirmation loan was approved with the P&L approval. - Due Diligence Vendor-04/23/2026 Ready for Review-Our Bank Statement and P&L programs use the full doc matrix so our approval reflects “full doc” for all of these types of loans. Our MLS system also does not have an option for the other income types so all loans from the bank statement and P&L programs will reflect this way on our approvals. - Seller-04/23/2026 Counter-Loan was submitted as Full Documentation. The approval in file dated XXXX states Full Documentation. Finding remains. - Due Diligence Vendor-04/23/2026 Ready for Review-The P&L program used does not require tax returns and is considered a full doc program. - Seller-04/22/2026 Open-Borrower 2 Executed 4506-T/4506-C is Missing 4506 required for full doc loan. Approval and tape shows full doc guides were used. - Due Diligence Vendor-04/22/2026 |
Ready for Review-Our Bank Statement and P&L programs use the full doc matrix so our approval reflects “full doc” for all of these types of loans. Our MLS system also does not have an option for the other income types so all loans from the bank statement and P&L programs will reflect this way on our approvals. - Seller-04/23/2026 Ready for Review-The P&L program used does not require tax returns and is considered a full doc program. - Seller-04/22/2026 |
Resolved-Received confirmation loan was approved with the P&L approval. - Due Diligence Vendor-04/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCRE1350 | 2026-04-22 16:53 | 2026-04-23 13:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Personal Tax Returns Missing | Resolved-Received confirmation loan was approved with the P&L approval. - Due Diligence Vendor-04/23/2026 Ready for Review-Our Bank Statement and P&L programs use the full doc matrix so our approval reflects “full doc” for all of these types of loans. Our MLS system also does not have an option for the other income types so all loans from the bank statement and P&L programs will reflect this way on our approvals. - Seller-04/23/2026 Counter-Loan was submitted as Full Documentation. The approval in file dated XXXX states Full Documentation. Finding remains. - Due Diligence Vendor-04/23/2026 Ready for Review-This file utilized the P&L program which is categorized as a full doc and does not require tax returns. - Seller-04/22/2026 Open-Borrower 2 Personal Tax Returns Missing Approval and tape shows full doc loan. Full doc loan would require the most recent returns. - Due Diligence Vendor-04/22/2026 |
Ready for Review-Our Bank Statement and P&L programs use the full doc matrix so our approval reflects “full doc” for all of these types of loans. Our MLS system also does not have an option for the other income types so all loans from the bank statement and P&L programs will reflect this way on our approvals. - Seller-04/23/2026 Ready for Review-This file utilized the P&L program which is categorized as a full doc and does not require tax returns. - Seller-04/22/2026 |
Resolved-Received confirmation loan was approved with the P&L approval. - Due Diligence Vendor-04/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCRE1491 | 2026-04-22 13:49 | 2026-04-23 12:38 | Resolved | 1 - Information | C | A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Asset Qualification Does Not Meet Guideline Requirements - Due Diligence Vendor-04/23/2026 Ready for Review-Document Uploaded. - Seller-04/22/2026 Open-Asset Qualification Does Not Meet Guideline Requirements Borrower is short reserves at closing as gift funds can not be used for reserves. 1). We need to verify borrower has additional funds to support reserves after deducting 5% of out verified assets (as they must have 5% into transaction when a gift is provided). - Due Diligence Vendor-04/22/2026 |
Ready for Review-Document Uploaded. - Seller-04/22/2026 |
Resolved-Asset Qualification Does Not Meet Guideline Requirements - Due Diligence Vendor-04/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCRE1198 | 2026-04-22 15:02 | 2026-04-23 12:29 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Originator exception granted, waiver applied with comp factors. to allow Reserves of 6.13 month(s) reserves with required 9 months. Deemed non material due to $30k+ monthly residual income. - Due Diligence Vendor-04/23/2026 Ready for Review-Document Uploaded. Please see attached - Seller-04/22/2026 Open-Audited Reserves of 6.13 month(s) are less than Guideline Required Reserves of 9 month(s) Missing acceptable documented reserves utilizing borrowers own funds (as gift can not be used for reserves). - Due Diligence Vendor-04/22/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-04/22/2026 |
Waived-Originator exception granted, waiver applied with comp factors. to allow Reserves of 6.13 month(s) reserves with required 9 months. Deemed non material due to $30k+ monthly residual income. - Due Diligence Vendor-04/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
Low DTI< 43% Time at current address 9.5 years Same employment 8+ years |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX |
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCOM4227 | 2026-04-21 12:00 | 2026-04-23 11:24 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Seller CD received, finding resolved. - Due Diligence Vendor-04/23/2026 Ready for Review-Document Uploaded. - Seller-04/22/2026 Open-The final seller CD or seller settlement statement/HUD is missing from file, please provide. - Due Diligence Vendor-04/21/2026 |
Ready for Review-Document Uploaded. - Seller-04/22/2026 |
Resolved-Seller CD received, finding resolved. - Due Diligence Vendor-04/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCOM1978 | 2026-04-21 10:44 | 2026-04-23 11:23 | Resolved | 1 - Information | C | A | Compliance | TRID | Missing Intent to Proceed | Resolved-Upon further review, evidence of ITP is in file, finding resolved. - Due Diligence Vendor-04/23/2026 Ready for Review-Please see page 483 of the original bundle. - Seller-04/22/2026 Open-There are fees on the final CD that are POC and borrower's signed intent to proceed is missing from file. - Due Diligence Vendor-04/21/2026 |
Ready for Review-Please see page 483 of the original bundle. - Seller-04/22/2026 |
Resolved-Upon further review, evidence of ITP is in file, finding resolved. - Due Diligence Vendor-04/23/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305097277 | D | B | D | B | D | B | A | A | Closed | FCOM5135 | 2026-04-21 10:44 | 2026-04-21 14:09 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/21/2026 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/21/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 752 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.95 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | XXXX | |||
| XXXX | XXXX | 305102343 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-04-23 11:25 | 2026-06-30 09:26 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-VOM provided. - Due Diligence Vendor-06/30/2026 Ready for Review-Document Uploaded. Please see attached VOM shows no lates - Seller-06/29/2026 Counter-Received the mortgage for the borrowers primary residence, property is held in the name of a trust, trust documents support the borrower is listed as a grantor and is not the trustee. Due to the primary residence being in the name of the borrowers trust and no evidence the mortgage on the primary residence has been paid in full, a 12 month mortgage history is required per the guidelines. - Due Diligence Vendor-05/26/2026 Ready for Review-Document Uploaded. docs have been provided. Please clear - Seller-05/21/2026 Counter-Received explanation, however revised application reflecting 2 years 7 months ownership ( vs 5 years) is not included. DSCR 6.7 Housing history : "Acceptable housing history requires evidence that a borrower has made a housing payment for at least the last 12 months whereby that payment history meets the requirements of the XXXX DSCR program. Housing history for the DSCR Doc type is limited to verifying the borrower’s primary residence and the subject property if a refinance transaction. ...". Condition remains for revised application and VOM for the commercial loan recorded XXXX ( as reflected on the Property report. - Due Diligence Vendor-04/29/2026 Ready for Review-Document Uploaded. Lender notes the application is updated to reflect owned for 2 years and 7 month at the time of the application date. Lender notes the subject loan is a DSCR loan product and the only qualifying factors are the Rents divided by the PITIA, any other obligations do not factor in for qualifying purposes. - Seller-04/27/2026 Open-Housing History Does Not Meet Guideline Requirements The borrower stated on the loan application they own their current residence of 5 years. REO section of Fraud report indicates this property was purchased on XXXX with a XXXX loan from a private lender. Please provide evidence the lien was paid off and/or provide relevant housing history covering the most recent 12-month period, as required per guides. Additional conditions may apply. - Due Diligence Vendor-04/23/2026 |
Ready for Review-Document Uploaded. Please see attached VOM shows no lates - Seller-06/29/2026 Ready for Review-Document Uploaded. docs have been provided. Please clear - Seller-05/21/2026 Ready for Review-Document Uploaded. Lender notes the application is updated to reflect owned for 2 years and 7 month at the time of the application date. Lender notes the subject loan is a DSCR loan product and the only qualifying factors are the Rents divided by the PITIA, any other obligations do not factor in for qualifying purposes. - Seller-04/27/2026 |
Resolved-VOM provided. - Due Diligence Vendor-06/30/2026 |
Long term residence - Long Term Residence = 5+ years Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305102343 | C | A | C | A | A | A | A | A | Closed | FCRE0117 | 2026-04-24 15:33 | 2026-05-26 10:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | Condo Project Warrantable is Unable to Determine | Resolved-Received the XXXX Public Offering statement which states the transfer will be 60 days after 75% of the units have been conveyed to unit owners. - Due Diligence Vendor-05/26/2026 Ready for Review-Document Uploaded. Lender notes the documentation already provided meets the DSCR guidelines section HOA control - The developer may be in control of the condominium association as long as the Master Agreement provides for the homeowners to take control upon either a predetermined percentage of unit sales or within a defined time period. See attached declarations verbiage - (r) “Declarant Control Period” means the period beginning on the date of recordation of this Declaration and ending on the date which is the earlier of (i) sixty (60) days after the date on which seventy-five percent (75%) or more of the proposed Units, including any and all Units submitted to the Act and the Condominium Regime in accordance with this Declaration, together with the Common Elements appurtenant thereto, have been conveyed to Unit Owners other than Declarant; (ii) two (2) years after Declarant has ceased to offer Units for residential purposes for sale in the ordinary course of business; or (iii) the day Declarant, after giving written notice to the Unit Owners, records an instrument voluntarily surrendering all rights to control activities of the Association. - Seller-05/21/2026 Counter-Received an updated 1008 reflecting the subject is a non-warrantable condo. Per the guidelines, the developer can be in control of the HOA as long as the master policy provided the homeowners to take control upon wither a predetermined date or predetermined percentage of units sold. Guidelines also require 50% of the units must be sold or under contract. Per the questionnaire, there is no date or percentage of unit sales identified as to when the homeowners will take control of the HOA. Additionally, the questionnaire does not state the of units sold or under contract, appraisal states 7 of 63 units have been sold which does not meet the 50% sold or under contract required per the guidelines to meet the non-warrantable requirements. Provide documentation to support when the HOA will be turned over to the homeowners and the number of units sold or under contract to meet the guideline requirement. - Due Diligence Vendor-05/19/2026 Counter-Pending additional information. - Due Diligence Vendor-04/29/2026 Ready for Review-Document Uploaded. Please see attached Updated 1008 reflects CONDO is non warrantable - Seller-04/27/2026 Open-The Condo Project Warrantability is Unable to Determine. Lender to provide a Project Warranty Certification or obtain additional information for auditor to substantiate warrantability. Lender stated on the 1008 that the condo project is warrantable. However, based on review of the appraisal and condo questionnaire, the following items indicate the project is either non-warrantable or require additional information. (1) Less than 50% of the total units in the project (sold or under Bonafide contract) are principal residence or second home purchases. Review of appraisal and condo questionnaire indicates the project fails FNMA occupancy requirements: Appraisal reflects only 2 of 7 units sold are owner-occupied and questionnaire indicates only 1 of the 63 units has an on-site address. (2) Single Entity Ownership exceeds 49%. The project fails FNMA single-entity ownership rules because the developer owns 89% of the units. Even if the borrower buys all 5 units (as noted on approval), developer ownership may still exceed the 49% threshold required to exclude vacant units from the calculation. (3) Audit unable to verify percentage of commercial space. Site photos reveal ground-floor storefronts, contradicting claims of zero non-residential space on the appraisal and questionnaire. Properties with more than 35% commercial space are ineligible. **Additional conditions may apply, pending review. - Due Diligence Vendor-04/24/2026 |
Ready for Review-Document Uploaded. Lender notes the documentation already provided meets the DSCR guidelines section HOA control - The developer may be in control of the condominium association as long as the Master Agreement provides for the homeowners to take control upon either a predetermined percentage of unit sales or within a defined time period. See attached declarations verbiage - (r) “Declarant Control Period” means the period beginning on the date of recordation of this Declaration and ending on the date which is the earlier of (i) sixty (60) days after the date on which seventy-five percent (75%) or more of the proposed Units, including any and all Units submitted to the Act and the Condominium Regime in accordance with this Declaration, together with the Common Elements appurtenant thereto, have been conveyed to Unit Owners other than Declarant; (ii) two (2) years after Declarant has ceased to offer Units for residential purposes for sale in the ordinary course of business; or (iii) the day Declarant, after giving written notice to the Unit Owners, records an instrument voluntarily surrendering all rights to control activities of the Association. - Seller-05/21/2026 Ready for Review-Document Uploaded. Please see attached Updated 1008 reflects CONDO is non warrantable - Seller-04/27/2026 |
Resolved-Received the XXXX Public Offering statement which states the transfer will be 60 days after 75% of the units have been conveyed to unit owners. - Due Diligence Vendor-05/26/2026 |
Long term residence - Long Term Residence = 5+ years Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305102343 | C | A | C | A | A | A | A | A | Closed | FCRE1479 | 2026-04-24 15:43 | 2026-05-19 10:57 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Letter from the seller(developer for the subject property) confirms they are holding funds in the amount of XXXX for the borrower and that the borrower has full access to these funds with no restrictions or penalties for withdraw. - Due Diligence Vendor-05/19/2026 Ready for Review-Document Uploaded. Funds are seasoned with builder and do not need to be sourced, builder receipt does suffice, see final CD for funds used to close. - Seller-05/15/2026 Counter-Received correspondence from developer to lender confirming holding funds obo borrower. Condition remains, please provide documentation of assets from acceptable assets verification forms as described by GL #7. - Due Diligence Vendor-04/29/2026 Ready for Review-Document Uploaded. Please see attached verified assets from 2023 doe not require sourcing - Seller-04/27/2026 Open-Asset Record 1 Does Not Meet G/L Requirements A letter from the developer (seller) states that the borrower gave an Investment of XXXX in XXXX and borrower intends to utilize a portion of these funds toward the purchase of the subject property (5 units in all). Please provide an asset statement verifying the borrower has access to sufficient funds to cover closing costs and reserves for all 5 purchases (as confirmed on the loan approval). - Due Diligence Vendor-04/24/2026 |
Ready for Review-Document Uploaded. Funds are seasoned with builder and do not need to be sourced, builder receipt does suffice, see final CD for funds used to close. - Seller-05/15/2026 Ready for Review-Document Uploaded. Please see attached verified assets from 2023 doe not require sourcing - Seller-04/27/2026 |
Resolved-Letter from the seller(developer for the subject property) confirms they are holding funds in the amount of XXXX for the borrower and that the borrower has full access to these funds with no restrictions or penalties for withdraw. - Due Diligence Vendor-05/19/2026 |
Long term residence - Long Term Residence = 5+ years Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305102343 | C | A | C | A | A | A | A | A | Closed | FCRE0970 | 2026-04-24 15:35 | 2026-05-19 10:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Appraisal has issues (credit) | Resolved-Reviewed the appraisal and the condo questionnaire, both support that there is no commercial space in the subject property. Retail space is separate from the HOA regulations. - Due Diligence Vendor-05/19/2026 Ready for Review-Commercial space is a part of the Condo Association obligations, please clear or escalate for manager review - Seller-05/15/2026 Counter-Received explanation no commercial space, however appraisal report pictures clearly reflect commercial spaces, refer to subject rear (spa), Subject side XXXX, XXXX and others. Please review. XXXX commercial site reflects "ONLY ONE REMAINING UNIT, Unit XXXX of +XXXX At completion, XXXX will have over 45,000 SF of retail space, +/-63 high-end rental condominiums and a branded hotel (XXXX)." - Due Diligence Vendor-04/29/2026 Ready for Review-Disagree, The Condo Questionnaire and Appraisal report both verify No commercial space used for the condo project. The commercial portion is not part of the condominium project, does not have legality over nor financial obligation, and no control over commercial space. Please expedite this to be cleared as soon as possible - Seller-04/27/2026 Open-Appraiser to address the following discrepancy: Site photos reveal ground-floor storefronts; however, appraisal notes there is no commercial space. Additional conditions may apply, pending review. - Due Diligence Vendor-04/24/2026 |
Ready for Review-Commercial space is a part of the Condo Association obligations, please clear or escalate for manager review - Seller-05/15/2026 Ready for Review-Disagree, The Condo Questionnaire and Appraisal report both verify No commercial space used for the condo project. The commercial portion is not part of the condominium project, does not have legality over nor financial obligation, and no control over commercial space. Please expedite this to be cleared as soon as possible - Seller-04/27/2026 |
Resolved-Reviewed the appraisal and the condo questionnaire, both support that there is no commercial space in the subject property. Retail space is separate from the HOA regulations. - Due Diligence Vendor-05/19/2026 |
Long term residence - Long Term Residence = 5+ years Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305102343 | C | A | C | A | A | A | A | A | Closed | FCRE1498 | 2026-04-24 15:19 | 2026-04-29 14:54 | Resolved | 1 - Information | C | A | Credit | Eligibility | Borrower Rental Experience Insufficient per Guidelines (DSCR) | Resolved-Received documentation to support borrower is not a first time investor and experience is sufficient. - Due Diligence Vendor-04/29/2026 Ready for Review-Document Uploaded. Lender notes borrower has provided investor experience supporting documentation, please see attached - Seller-04/27/2026 Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Per guides 4.2.1 - An experienced residential investor is a borrower/guarantor having a history of owning and managing non-owner-occupied residential real estate for at least one (1) year in the last three (3) years. Ownership of commercial income producing property may also be used as evidence of investor experience. Per XXXX program, first-time investors are restricted to purchases of SFR's only, and require a minimum FICO score of 700. Lender to provide documentation verifying the borrower is not a first-time investor. Additional conditions may apply. - Due Diligence Vendor-04/24/2026 |
Ready for Review-Document Uploaded. Lender notes borrower has provided investor experience supporting documentation, please see attached - Seller-04/27/2026 |
Resolved-Received documentation to support borrower is not a first time investor and experience is sufficient. - Due Diligence Vendor-04/29/2026 |
Long term residence - Long Term Residence = 5+ years Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305102344 | D | A | D | A | A | A | A | A | Closed | FCRE0009 | 2026-07-07 12:59 | 2026-07-07 13:00 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Condo Rider | Resolved-Received a copy of the mortgage with condo rider attached. - Due Diligence Vendor-07/07/2026 Open-Condo Rider is Missing The condo rider is part of the security agreement. - Due Diligence Vendor-07/07/2026 |
Resolved-Received a copy of the mortgage with condo rider attached. - Due Diligence Vendor-07/07/2026 |
DSCR % greater than 1.20 - Minimum DSCR is 1, the borrower's DSCR is 1.289. Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305102344 | D | A | D | A | A | A | A | A | Closed | FCRE1498 | 2026-04-24 16:37 | 2026-06-30 17:01 | Resolved | 1 - Information | C | A | Credit | Eligibility | Borrower Rental Experience Insufficient per Guidelines (DSCR) | Resolved-Received documentation to support borrower is not a first time investor and experience is sufficient. - Due Diligence Vendor-04/29/2026 Ready for Review-Document Uploaded. Lender notes borrower has provided investor experience supporting documentation, please see attached - Seller-04/27/2026 Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Per guides 4.2.1 - An experienced residential investor is a borrower/guarantor having a history of owning and managing non-owner-occupied residential real estate for at least one (1) year in the last three (3) years. Ownership of commercial income producing property may also be used as evidence of investor experience. Per XXXX program, first-time investors are restricted to purchases of SFR's only, and require a minimum FICO score of 700. Lender to provide documentation verifying the borrower is not a first-time investor. Additional conditions may apply. - Due Diligence Vendor-04/24/2026 |
Ready for Review-Document Uploaded. Lender notes borrower has provided investor experience supporting documentation, please see attached - Seller-04/27/2026 |
Resolved-Received documentation to support borrower is not a first time investor and experience is sufficient. - Due Diligence Vendor-04/29/2026 |
DSCR % greater than 1.20 - Minimum DSCR is 1, the borrower's DSCR is 1.289. Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305102344 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-04-23 13:18 | 2026-06-30 09:23 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-VOM provided, - Due Diligence Vendor-06/30/2026 Ready for Review-Document Uploaded. Please see attached VOM shows no lates - Seller-06/29/2026 Counter-Received the mortgage for the borrowers primary residence, property is held in the name of a trust, trust documents support the borrower is listed as a grantor and is not the trustee. Due to the primary residence being in the name of the borrowers trust and no evidence the mortgage on the primary residence has been paid in full, a 12 month mortgage history is required per the guidelines. - Due Diligence Vendor-05/26/2026 Ready for Review-Document Uploaded. docs have been provided. Please clear - Seller-05/21/2026 Counter-Received property profile and Residential Trust. Review is unable to confirm no obligation to commercial mortgage. Please provide Note or Deed confirming not executed as Trustee - Due Diligence Vendor-05/08/2026 Ready for Review-Document Uploaded. Please see attached documentation for primary residence is vested in the trust and borrower is not personally liable. Please expedite this to be cleared as soon as possible - Seller-05/07/2026 Counter-Received explanation, however revised application reflecting 2 years 7 months ownership ( vs 5 years) is not included. DSCR 6.7 Housing history : "Acceptable housing history requires evidence that a borrower has made a housing payment for at least the last 12 months whereby that payment history meets the requirements of the XXXX DSCR program. Housing history for the DSCR Doc type is limited to verifying the borrower’s primary residence and the subject property if a refinance transaction. ...". Condition remains for revised application and VOM for the commercial loan recorded XX/XX/XXXX ( as reflected on the Property report. - Due Diligence Vendor-04/29/2026 Ready for Review-Lender notes the application is updated to reflect owned for 2 years and 7 month at the time of the application date. Lender notes the subject loan is a DSCR loan product and the only qualifying factors are the Rents divided by the PITIA, any other obligations do not factor in for qualifying purposes. - Seller-04/27/2026 Open-Housing History Does Not Meet Guideline Requirements The borrower stated on the loan application they own their current residence of 5 years. REO section of Fraud report indicates this property was purchased on XXXX with a XXXX loan from a private lender. Please provide evidence the lien was paid off and/or provide relevant housing history covering the most recent 12-month period, as required per guides. Additional conditions may apply. - Due Diligence Vendor-04/23/2026 |
Ready for Review-Document Uploaded. Please see attached VOM shows no lates - Seller-06/29/2026 Ready for Review-Document Uploaded. docs have been provided. Please clear - Seller-05/21/2026 Ready for Review-Document Uploaded. Please see attached documentation for primary residence is vested in the trust and borrower is not personally liable. Please expedite this to be cleared as soon as possible - Seller-05/07/2026 Ready for Review-Lender notes the application is updated to reflect owned for 2 years and 7 month at the time of the application date. Lender notes the subject loan is a DSCR loan product and the only qualifying factors are the Rents divided by the PITIA, any other obligations do not factor in for qualifying purposes. - Seller-04/27/2026 |
Resolved-VOM provided, - Due Diligence Vendor-06/30/2026 |
DSCR % greater than 1.20 - Minimum DSCR is 1, the borrower's DSCR is 1.289. Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305102344 | D | A | D | A | A | A | A | A | Closed | FCRE0117 | 2026-04-24 16:43 | 2026-05-26 10:50 | Resolved | 1 - Information | C | A | Credit | Eligibility | Condo Project Warrantable is Unable to Determine | Resolved-Received the XXXX Public Offering statement which states the transfer will be 60 days after 75% of the units have been conveyed to unit owners. - Due Diligence Vendor-05/26/2026 Ready for Review-Document Uploaded. Please see attached - Seller-05/21/2026 Counter-Received an updated 1008 reflecting the subject is a non-warrantable condo. Per the guidelines, the developer can be in control of the HOA as long as the master policy provided the homeowners to take control upon wither a predetermined date or predetermined percentage of units sold. Guidelines also require 50% of the units must be sold or under contract. Per the questionnaire, there is no date or percentage of unit sales identified as to when the homeowners will take control of the HOA. Additionally, the questionnaire does not state the of units sold or under contract, appraisal states 7 of 63 units have been sold which does not meet the 50% sold or under contract required per the guidelines to meet the non-warrantable requirements. Provide documentation to support when the HOA will be turned over to the homeowners and the number of units sold or under contract to meet the guideline requirement. - Due Diligence Vendor-05/07/2026 Ready for Review-Please escalate this matter for manager review as TPR counters are looping without resolution. not a valid counter, the commercial space is separate from HOA Residential obligations, not part of the HOA documentation. Please expedite this to be cleared as soon as possible - Seller-05/04/2026 Counter-Pending additional information - Due Diligence Vendor-04/29/2026 Ready for Review-Document Uploaded. Please see attached Updated 1008 reflects CONDO is non warrantable - Seller-04/27/2026 Open-The Condo Project Warrantability is Unable to Determine. Lender to provide a Project Warranty Certification or obtain additional information for auditor to substantiate warrantability. Lender stated on the 1008 that the condo project is warrantable. However, based on review of the appraisal and condo questionnaire, the following items indicate the project is either non-warrantable or require additional information. (1) Less than 50% of the total units in the project (sold or under Bonafide contract) are principal residence or second home purchases. Review of appraisal and condo questionnaire indicates the project fails FNMA occupancy requirements: Appraisal reflects only 2 of 7 units sold are owner-occupied and questionnaire indicates only 1 of the 63 units has an on-site address. (2) Single Entity Ownership exceeds 49%. The project fails FNMA single-entity ownership rules because the developer owns 89% of the units. Even if the borrower buys all 5 units (as noted on approval), developer ownership may still exceed the 49% threshold required to exclude vacant units from the calculation. (3) Audit unable to verify percentage of commercial space. Site photos reveal ground-floor storefronts, contradicting claims of zero non-residential space on the appraisal and questionnaire. Properties with more than 35% commercial space are ineligible. **Additional conditions may apply, pending review. - Due Diligence Vendor-04/24/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-05/21/2026 Ready for Review-Please escalate this matter for manager review as TPR counters are looping without resolution. not a valid counter, the commercial space is separate from HOA Residential obligations, not part of the HOA documentation. Please expedite this to be cleared as soon as possible - Seller-05/04/2026 Ready for Review-Document Uploaded. Please see attached Updated 1008 reflects CONDO is non warrantable - Seller-04/27/2026 |
Resolved-Received the XXXX Condominium Public Offering statement which states the transfer will be 60 days after 75% of the units have been conveyed to unit owners. - Due Diligence Vendor-05/26/2026 |
DSCR % greater than 1.20 - Minimum DSCR is 1, the borrower's DSCR is 1.289. Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305102344 | D | A | D | A | A | A | A | A | Closed | FCRE0970 | 2026-04-24 16:56 | 2026-05-19 10:44 | Resolved | 1 - Information | C | A | Credit | Eligibility | Appraisal has issues (credit) | Resolved-Reviewed the appraisal and the condo questionnaire, both support that there is no commercial space in the subject property. Retail space is separate from the HOA regulations. - Due Diligence Vendor-05/07/2026 Ready for Review-Please escalate this matter for manager review as TPR counters are looping without resolution. not a valid counter, the commercial space is separate from HOA Residential obligations, not part of the HOA documentation. Please expedite this to be cleared as soon as possible - Seller-05/04/2026 Counter-Received explanation no commercial space, however appraisal report pictures clearly reflect commercial spaces, refer to subject rear (spa), Subject side XXXX,XXXX and others. Please review. XXXX commercial site reflects "ONLY ONE REMAINING UNIT, Unit XXXX of XXXX! At completion, XXXX will have over 45,000 SF of retail space, +/-63 high-end rental condominiums and a branded hotel (XXXX)." - Due Diligence Vendor-04/29/2026 Ready for Review-Disagree, The Condo Questionnaire and Appraisal report both verify No commercial space used for the condo project... Please expedite this to be cleared as soon as possible - Seller-04/27/2026 Open-Appraiser to address the following discrepancy: Site photos reveal ground-floor storefronts; however, appraisal notes there is no commercial space. Additional conditions may apply, pending review. - Due Diligence Vendor-04/24/2026 |
Ready for Review-Please escalate this matter for manager review as TPR counters are looping without resolution. not a valid counter, the commercial space is separate from HOA Residential obligations, not part of the HOA documentation. Please expedite this to be cleared as soon as possible - Seller-05/04/2026 Ready for Review-Disagree, The Condo Questionnaire and Appraisal report both verify No commercial space used for the condo project... Please expedite this to be cleared as soon as possible - Seller-04/27/2026 |
Resolved-Reviewed the appraisal and the condo questionnaire, both support that there is no commercial space in the subject property. Retail space is separate from the HOA regulations. - Due Diligence Vendor-05/07/2026 |
DSCR % greater than 1.20 - Minimum DSCR is 1, the borrower's DSCR is 1.289. Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305102344 | D | A | D | A | A | A | A | A | Closed | FCRE1479 | 2026-04-24 16:48 | 2026-05-07 12:01 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Letter from the seller(developer for the subject property) confirms they are holding funds in the amount of XXXX for the borrower and that the borrower has full access to these funds with no restrictioons or penalties for withdraw. - Due Diligence Vendor-05/07/2026 Ready for Review-Funds are seasoned with builder and do not need to be sourced, builder receipt does suffice, see final CD for funds used to close. - Seller-05/04/2026 Counter-Received correspondence from developer to lender confirming holding funds obo borrower. Condition remains, please provide documentation of assets from acceptable assets verification forms as described by GL #7. - Due Diligence Vendor-04/29/2026 Ready for Review-Document Uploaded. Please see attached - Seller-04/27/2026 Open-Asset Record 1 Does Not Meet G/L Requirements A letter from the developer (seller) states that the borrower gave an Investment of XXXX in XXXX and borrower intends to utilize a portion of these funds toward the purchase of the subject property (5 units in all). Please provide an asset statement verifying the borrower has access to sufficient funds to cover closing costs and reserves for all 5 purchases (as confirmed on the loan approval). - Due Diligence Vendor-04/24/2026 |
Ready for Review-Funds are seasoned with builder and do not need to be sourced, builder receipt does suffice, see final CD for funds used to close. - Seller-05/04/2026 Ready for Review-Document Uploaded. Please see attached - Seller-04/27/2026 |
Resolved-Letter from the seller(developer for the subject property) confirms they are holding funds in the amount of XXXX for the borrower and that the borrower has full access to these funds with no restrictioons or penalties for withdraw. - Due Diligence Vendor-05/07/2026 |
DSCR % greater than 1.20 - Minimum DSCR is 1, the borrower's DSCR is 1.289. Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305102346 | C | A | C | A | A | A | A | A | Closed | FCRE1498 | 2026-04-24 17:08 | 2026-07-01 09:02 | Resolved | 1 - Information | C | A | Credit | Eligibility | Borrower Rental Experience Insufficient per Guidelines (DSCR) | Resolved-Borrower Rental Experience is within Guideline Requirements. - Due Diligence Vendor-07/01/2026 Resolved-Received documentation to support borrower is not a first time investor and experience is sufficient. - Due Diligence Vendor-04/29/2026 Ready for Review-Document Uploaded. Lender notes borrower has provided investor experience supporting documentation, please see attached - Seller-04/27/2026 Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Per guides 4.2.1 - An experienced residential investor is a borrower/guarantor having a history of owning and managing non-owner-occupied residential real estate for at least one (1) year in the last three (3) years. Ownership of commercial income producing property may also be used as evidence of investor experience. Per XXXX program, first-time investors are restricted to purchases of SFR's only, and require a minimum FICO score of 700. Lender to provide documentation verifying the borrower is not a first-time investor. Additional conditions may apply. - Due Diligence Vendor-04/24/2026 |
Ready for Review-Document Uploaded. Lender notes borrower has provided investor experience supporting documentation, please see attached - Seller-04/27/2026 |
Resolved-Borrower Rental Experience is within Guideline Requirements. - Due Diligence Vendor-07/01/2026 Resolved-Received documentation to support borrower is not a first time investor and experience is sufficient. - Due Diligence Vendor-04/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 Long term residence - 5 years at current residence |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305102346 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-04-23 15:06 | 2026-06-30 09:30 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-VOM provided. - Due Diligence Vendor-06/30/2026 Ready for Review-Document Uploaded. Please see attached VOM shows no lates - Seller-06/29/2026 Counter-Received the mortgage for the borrowers primary residence, property is held in the name of a trust, trust documents support the borrower is listed as a grantor and is not the trustee. Due to the primary residence being in the name of the borrowers trust and no evidence the mortgage on the primary residence has been paid in full, a 12 month mortgage history is required per the guidelines. - Due Diligence Vendor-05/26/2026 Ready for Review-Document Uploaded. docs have been provided. Please clear - Seller-05/21/2026 Counter-Received explanation, however revised application reflecting 2 years 7 months ownership ( vs 5 years) is not included. DSCR 6.7 Housing history : "Acceptable housing history requires evidence that a borrower has made a housing payment for at least the last 12 months whereby that payment history meets the requirements of the XXXX DSCR program. Housing history for the DSCR Doc type is limited to verifying the borrower’s primary residence and the subject property if a refinance transaction. ...". Condition remains for revised application and VOM for the commercial loan recorded XXXX ( as reflected on the Property report. - Due Diligence Vendor-04/29/2026 Ready for Review-Document Uploaded. Lender notes the application is updated to reflect owned for 2 years and 7 month at the time of the application date. Lender notes the subject loan is a DSCR loan product and the only qualifying factors are the Rents divided by the PITIA, any other obligations do not factor in for qualifying purposes. - Seller-04/27/2026 Open-Housing History Does Not Meet Guideline Requirements The borrower stated on the loan application they own their current residence of 5 years. REO section of Fraud report indicates this property was purchased on XXXX with a XXXX loan from a private lender. Please provide evidence the lien was paid off and/or provide relevant housing history covering the most recent 12-month period, as required per guides. Additional conditions may apply. - Due Diligence Vendor-04/23/2026 |
Ready for Review-Document Uploaded. Please see attached VOM shows no lates - Seller-06/29/2026 Ready for Review-Document Uploaded. docs have been provided. Please clear - Seller-05/21/2026 Ready for Review-Document Uploaded. Lender notes the application is updated to reflect owned for 2 years and 7 month at the time of the application date. Lender notes the subject loan is a DSCR loan product and the only qualifying factors are the Rents divided by the PITIA, any other obligations do not factor in for qualifying purposes. - Seller-04/27/2026 |
Resolved-VOM provided. - Due Diligence Vendor-06/30/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 Long term residence - 5 years at current residence |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305102346 | C | A | C | A | A | A | A | A | Closed | FCRE1479 | 2026-04-24 17:19 | 2026-05-26 11:02 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Letter from the seller(developer for the subject property) confirms they are holding funds in the amount of XXXX for the borrower and that the borrower has full access to these funds with no restrictions or penalties for withdraw. - Due Diligence Vendor-05/26/2026 Ready for Review-Please clear - Seller-05/21/2026 Counter-Received correspondence from developer to lender confirming holding funds obo borrower. Condition remains, please provide documentation of assets from acceptable assets verification forms as described by GL #7. - Due Diligence Vendor-04/29/2026 Ready for Review-Document Uploaded. Please see attached verified assets from 2023 do not require sourcing - Seller-04/27/2026 Open-Asset Record 1 Does Not Meet G/L Requirements A letter from the developer (seller) states that the borrower gave an Investment of XXXX in XXXX and borrower intends to utilize a portion of these funds toward the purchase of the subject property (5 units in all). Please provide an asset statement verifying the borrower has access to sufficient funds to cover closing costs and reserves for all 5 purchases (as confirmed on the loan approval). - Due Diligence Vendor-04/24/2026 |
Ready for Review-Please clear - Seller-05/21/2026 Ready for Review-Document Uploaded. Please see attached verified assets from 2023 do not require sourcing - Seller-04/27/2026 |
Resolved-Letter from the seller(developer for the subject property) confirms they are holding funds in the amount of XXXX for the borrower and that the borrower has full access to these funds with no restrictions or penalties for withdraw. - Due Diligence Vendor-05/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 Long term residence - 5 years at current residence |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305102346 | C | A | C | A | A | A | A | A | Closed | FCRE0970 | 2026-04-24 17:15 | 2026-05-26 11:02 | Resolved | 1 - Information | C | A | Credit | Eligibility | Appraisal has issues (credit) | Resolved-Reviewed the appraisal and the condo questionnaire, both support that there is no commercial space in the subject property. Retail space is separate from the HOA regulations. - Due Diligence Vendor-05/26/2026 Ready for Review-this has been resolved by TPR - Seller-05/21/2026 Counter-Received explanation no commercial space, however appraisal report pictures clearly reflect commercial spaces, refer to subject rear (spa), Subject side XXXX, XXXX and others. Please review. XXXX commercial site reflects "ONLY ONE REMAINING UNIT, Unit 103B of XXXX! At completion, XXXX will have over 45,000 SF of retail space, +/-63 high-end rental condominiums and a branded hotel (XXXX). - Due Diligence Vendor-04/29/2026 Ready for Review-Disagree, The Condo Questionnaire and Appraisal report both verify No commercial space used for the condo project. The commercial portion is not part of the condominium project, does not have legality over nor financial obligation, and no control over commercial space. Please expedite this to be cleared as soon as possible - Seller-04/27/2026 Open-Appraiser to address the following discrepancy: Site photos reveal ground-floor storefronts; however, appraisal notes there is no commercial space. Additional conditions may apply, pending review. - Due Diligence Vendor-04/24/2026 |
Ready for Review-this has been resolved by TPR - Seller-05/21/2026 Ready for Review-Disagree, The Condo Questionnaire and Appraisal report both verify No commercial space used for the condo project. The commercial portion is not part of the condominium project, does not have legality over nor financial obligation, and no control over commercial space. Please expedite this to be cleared as soon as possible - Seller-04/27/2026 |
Resolved-Reviewed the appraisal and the condo questionnaire, both support that there is no commercial space in the subject property. Retail space is separate from the HOA regulations. - Due Diligence Vendor-05/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 Long term residence - 5 years at current residence |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305102346 | C | A | C | A | A | A | A | A | Closed | FCRE0117 | 2026-04-24 17:15 | 2026-05-26 11:01 | Resolved | 1 - Information | C | A | Credit | Eligibility | Condo Project Warrantable is Unable to Determine | Resolved-Received updated 1008 reflecting the subject is a non-warrantable condo. Received the XXXX Public Offering statement which states the transfer will be 60 days after 75% of the units have been conveyed to unit owners. - Due Diligence Vendor-05/26/2026 Ready for Review-Document Uploaded. - Seller-05/21/2026 Counter-Pending additional information. - Due Diligence Vendor-04/29/2026 Ready for Review-Document Uploaded. Please see attached Updated 1008 reflects CONDO is non warrantable - Seller-04/27/2026 Open-The Condo Project Warrantability is Unable to Determine. Lender to provide a Project Warranty Certification or obtain additional information for auditor to substantiate warrantability. Lender stated on the 1008 that the condo project is warrantable. However, based on review of the appraisal and condo questionnaire, the following items indicate the project is either non-warrantable or require additional information. (1) Less than 50% of the total units in the project (sold or under Bonafide contract) are principal residence or second home purchases. Review of appraisal and condo questionnaire indicates the project fails FNMA occupancy requirements: Appraisal reflects only 2 of 7 units sold are owner-occupied and questionnaire indicates only 1 of the 63 units has an on-site address. (2) Single Entity Ownership exceeds 49%. The project fails FNMA single-entity ownership rules because the developer owns 89% of the units. Even if the borrower buys all 5 units (as noted on approval), developer ownership may still exceed the 49% threshold required to exclude vacant units from the calculation. (3) Audit unable to verify percentage of commercial space. Site photos reveal ground-floor storefronts, contradicting claims of zero non-residential space on the appraisal and questionnaire. Properties with more than 35% commercial space are ineligible. **Additional conditions may apply, pending review. - Due Diligence Vendor-04/24/2026 |
Ready for Review-Document Uploaded. - Seller-05/21/2026 Ready for Review-Document Uploaded. Please see attached Updated 1008 reflects CONDO is non warrantable - Seller-04/27/2026 |
Resolved-Received updated 1008 reflecting the subject is a non-warrantable condo. Received the XXXX Public Offering statement which states the transfer will be 60 days after 75% of the units have been conveyed to unit owners. - Due Diligence Vendor-05/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 693 Long term residence - 5 years at current residence |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108306 | D | B | D | B | C | A | A | A | Closed | finding-3352 | 2026-04-27 13:29 | 2026-07-01 09:30 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/01/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-04/27/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/01/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 726 Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.64 |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305108306 | D | B | D | B | C | A | A | A | Closed | FCRE1440 | 2026-04-28 11:27 | 2026-06-30 17:22 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-VOR provided. - Due Diligence Vendor-06/30/2026 Ready for Review-Document Uploaded. Attached is the VOR. Please clear this finding. - Seller-06/26/2026 Open-Housing History Does Not Meet Guideline Requirements A Verification of Rent (VOR) is required to support housing payment history and will be reviewed for delinquencies over the most recent 12 months. - Due Diligence Vendor-04/28/2026 |
Ready for Review-Document Uploaded. Attached is the VOR. Please clear this finding. - Seller-06/26/2026 |
Resolved-VOR provided. - Due Diligence Vendor-06/30/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 726 Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.64 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108306 | D | B | D | B | C | A | A | A | Closed | FCRE1364 | 2026-04-28 11:07 | 2026-04-30 15:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Executed 4506-T/4506-C is Missing | Resolved-Received 4506C - Due Diligence Vendor-04/30/2026 Ready for Review-Document Uploaded. Please see attached executed 4506-C Request for Transcript of Tax return for both borrowers that was uploaded to you system. Please clear this finding. - Seller-04/29/2026 Open-Borrower 2 Executed 4506-T/4506-C is Missing B2 is fully documenting income-4506 is required - Due Diligence Vendor-04/28/2026 |
Ready for Review-Document Uploaded. Please see attached executed 4506-C Request for Transcript of Tax return for both borrowers that was uploaded to you system. Please clear this finding. - Seller-04/29/2026 |
Resolved-Received 4506C - Due Diligence Vendor-04/30/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 726 Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.64 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108306 | D | B | D | B | C | A | A | A | Closed | FCRE1347 | 2026-04-28 11:07 | 2026-04-30 15:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 3rd Party VOE Prior to Close Missing | Resolved-Received WVOE. - Due Diligence Vendor-04/30/2026 Ready for Review-Document Uploaded. Please see attached VVOE for B2. Please clear this finding. - Seller-04/29/2026 Open-Borrower 2 3rd Party VOE Prior to Close Missing A Verbal Verification of Employment (VVOE) is required on all wage/salary loans within 10 business days of the Note date. - Due Diligence Vendor-04/28/2026 |
Ready for Review-Document Uploaded. Please see attached VVOE for B2. Please clear this finding. - Seller-04/29/2026 |
Resolved-Received WVOE. - Due Diligence Vendor-04/30/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 726 Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.64 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108306 | D | B | D | B | C | A | A | A | Closed | finding-3634 | 2026-04-27 13:29 | 2026-04-30 14:01 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received LOE and COC for increase in fees. Finding Resolved. - Due Diligence Vendor-04/30/2026 Ready for Review-Document Uploaded. - Seller-04/29/2026 Ready for Review-Document Uploaded. See attached - Seller-04/29/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $7,337.50.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ---------Zero (0%) tolerance fees increased by $7,337.50 Mortgage Broker Fee without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $7,337.50, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 3 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-04/27/2026 |
Ready for Review-Document Uploaded. - Seller-04/29/2026 Ready for Review-Document Uploaded. See attached - Seller-04/29/2026 |
Resolved-Received LOE and COC for increase in fees. Finding Resolved. - Due Diligence Vendor-04/30/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 726 Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.64 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108306 | D | B | D | B | C | A | A | A | Closed | FCRE7375 | 2026-04-28 11:39 | 2026-04-28 13:37 | Waived | 2 - Non-Material | C | B | Credit | Borrower | Citizenship Does Not Meet Guideline Requirements | Waived-Originator exception granted to allow I-551 stamp that expires < 3 years, Non-material waiver applied with comp factors. non-material due to Credit and Mortgage history - Due Diligence Vendor-04/28/2026 Open-A non-expired foreign passport containing a non-expired I-551 stamp valid for a minimum of three (3) years was not provided. Lender exception in file. - Due Diligence Vendor-04/28/2026 |
Waived-Originator exception granted to allow I-551 stamp that expires < 3 years, Non-material waiver applied with comp factors. non-material due to Credit and Mortgage history - Due Diligence Vendor-04/28/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 726 Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.64 |
0x30 credit 14 years in home |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | XXXX | ||
| XXXX | XXXX | 305102279 | C | A | C | A | A | A | A | A | Closed | FCRE0179 | 2026-04-29 11:16 | 2026-06-11 12:41 | Resolved | 1 - Information | C | A | Credit | Eligibility | UW Attestation/Docs stating warrantability are missing | Resolved-Lender confirmed as the subject is a XXXX a Condo Review is not required and as such, the project would be warrantable. Updated 1008 provided confirming warrantability. - Due Diligence Vendor-06/11/2026 Ready for Review-Document Uploaded. Please note that this is a 2 Unit Condo which does not require a Condo Review. As such, the project would be warrantable. - Seller-06/10/2026 Counter-Per the Client, a UW attestation regarding the warrantability is required. - Due Diligence Vendor-05/29/2026 Ready for Review-The subject property is a 2-unit condominium project with no HOA structure. While the loan was underwritten, approved, and funded in accordance with applicable investor and program guidelines, we acknowledge the final 1008 did not specifically indicate whether the condo project was warrantable or non-warrantable. No additional project-related credit or eligibility concerns were identified during underwriting. Given the loan has closed and funded with all other eligibility requirements satisfied, we respectfully request acceptance of the existing underwriting determination and waiver of the documentation deficiency. - Seller-05/28/2026 Counter-UW is to note on the final 1008 if Condo is warrantable or note, nothing found noted other than 2 unit condo no HOA - Due Diligence Vendor-05/01/2026 Ready for Review-Upon review of the closed file, there is no separate underwriting attestation addressing condo project warrantability. The subject property is a 2-unit condominium with no HOA structure. The loan was approved and funded based on applicable investor and program guidelines at the time of underwriting, and all other eligibility requirements were satisfied. Given the closed status of the loan and the absence of any identified credit or property-related risk findings, we respectfully request waiver of this condition based on existing loan approval and execution. - Seller-04/29/2026 Open-UW Attestation/Docs stating warrantability are missing. Provide UW Attestation and/or documentation clearly stating whether the project review completed resulted in condo being determined as warrantable or non-warrantable must be delivered with the file. Subject is a two unit condo. - Due Diligence Vendor-04/29/2026 |
Ready for Review-Document Uploaded. Please note that this is a 2 Unit Condo which does not require a Condo Review. As such, the project would be warrantable. - Seller-06/10/2026 Ready for Review-The subject property is a 2-unit condominium project with no HOA structure. While the loan was underwritten, approved, and funded in accordance with applicable investor and program guidelines, we acknowledge the final 1008 did not specifically indicate whether the condo project was warrantable or non-warrantable. No additional project-related credit or eligibility concerns were identified during underwriting. Given the loan has closed and funded with all other eligibility requirements satisfied, we respectfully request acceptance of the existing underwriting determination and waiver of the documentation deficiency. - Seller-05/28/2026 Ready for Review-Upon review of the closed file, there is no separate underwriting attestation addressing condo project warrantability. The subject property is a 2-unit condominium with no HOA structure. The loan was approved and funded based on applicable investor and program guidelines at the time of underwriting, and all other eligibility requirements were satisfied. Given the closed status of the loan and the absence of any identified credit or property-related risk findings, we respectfully request waiver of this condition based on existing loan approval and execution. - Seller-04/29/2026 |
Resolved-Lender confirmed as the subject is a 2 Unit Condo a Condo Review is not required and as such, the project would be warrantable. Updated 1008 provided confirming warrantability. - Due Diligence Vendor-06/11/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 774 LTV is less than guideline maximum - Required is 85 Borrower has 70 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097192 | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2026-04-29 12:25 | 2026-04-29 12:25 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing ----- Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/29/2026 | Waived-Required Affiliated Business Disclosure Missing ----- Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 767 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 28.6 LTV is less than guideline maximum - Required is 90 Borrower has 69.82 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | XXXX | |||
| XXXX | 305108368 | B | B | A | A | A | A | B | B | Closed | FPRO9876 | 2026-05-04 13:57 | 2026-06-23 15:43 | Waived | 2 - Non-Material | B | B | Property | Value | Review Product 1 > 10% OR Review Product 2 > 10% S&P B Grade | Waived-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. The file contains 2 secondary valuations of which one does not support, therefore, waiver has been applied to non-material finding. - Due Diligence Vendor-05/04/2026 | Waived-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. The file contains 2 secondary valuations of which one does not support, therefore, waiver has been applied to non-material finding. - Due Diligence Vendor-05/04/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 725 Months Reserves exceed minimum required - Minm 3, Borrower has 6.35 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | No | XXXX | ||||
| XXXX | XXXX | 305108391 | D | A | D | A | A | A | A | A | Closed | FCRE1143 | 2026-05-01 11:25 | 2026-06-26 10:54 | Resolved | 1 - Information | C | A | Credit | Eligibility | Builder in Control of the HOA | Resolved-The updated questionnaire reflects that the developer transferred control of the HOA on XXXX. - Due Diligence Vendor-06/26/2026 Ready for Review-Question #2 is completed and there is nowhere for a signature. Please clear this finding. - Seller-06/24/2026 Counter-Received HOA questionnaire. Missing confirmation HOA management has been turned over. Question #2 is blank and appraiser notes builder in control. Missing signature and date on HOA questionnaire - Due Diligence Vendor-06/17/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/16/2026 Counter-Received Condo questionnaire: please review and ensure is properly completed, then resubmit for review. Revision to include at least these items, need to address #1 - p8 Questionnaire addendum Contact Information is blank who completed? tax id, HOA management tax id. #2 -Section II - Project completion information Has the developer transferred control of the HOA to the unit owners? Yes or No. and #3 number of units in the projects, Questionnaire reflects there are 13 units: 8 owner occupied and 5 rented - appraisal reflects one phase 10 total, 8 owner occupied and 2 rented) - Due Diligence Vendor-05/07/2026 Ready for Review-Document Uploaded. Builder is not in Control of the HOA. Please see attached. - Seller-05/05/2026 Open-Builder is in control of HOA By Laws - Article IV 4.1 reflects developer controlled XXXX or until 75% of units were sold. Guidelines allow builder/devloper to contol HOA providing the Master Agreement establishes a mechanism for homeowners to assume control upon reaching a predetermined percentage of unit sales within a defined time period. Condo considered non-warrantable (both set date and percentage of units sold have passed prior to the appraisal date and the appraisal reflects control of the HOA is still listed as developer/builder. - Due Diligence Vendor-05/01/2026 |
Ready for Review-Question #2 is completed and there is nowhere for a signature. Please clear this finding. - Seller-06/24/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/16/2026 Ready for Review-Document Uploaded. Builder is not in Control of the HOA. Please see attached. - Seller-05/05/2026 |
Resolved-The updated questionnaire reflects that the developer transferred control of the HOA on 1/1/1982. - Due Diligence Vendor-06/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum required FICO score is 620 - actual FICO score is 797 Required is 620 Borrower has 797 LTV is less than guideline maximum - maximum LTV allowed is 75% - actual is 57.42% Required is 75 Borrower has 57.42 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108391 | D | A | D | A | A | A | A | A | Closed | FCRE9996 | 2026-05-03 23:30 | 2026-06-26 10:52 | Resolved | 1 - Information | C | A | Credit | Eligibility | Condo does not meet requirements | Resolved-Question number 2 was answer with the HOA being transferred, no signature is required. - Due Diligence Vendor-06/26/2026 Ready for Review-Question #2 is completed and there is nowhere for a signature. Please clear this finding. - Seller-06/24/2026 Counter-Received HOA questionnaire. Missing confirmation HOA management has been turned over. Question #2 is blank and appraiser notes builder in control. Missing signature and date on HOA questionnaire - Due Diligence Vendor-06/17/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/16/2026 Counter-Received copy of same condo questionnaire reviewed in different condition. Section II Project Completion question #2 - Has the developer transferred control of the HOA to the unit owners. Answer is blank - Due Diligence Vendor-05/07/2026 Ready for Review-Document Uploaded. Builder is not in Control of the HOA. Please see attached. - Seller-05/05/2026 Open-Based on review of appraisal The developer may retain control of the HOA provided the Master Agreement establishes a mechanism for homeowners to assume control upon reaching a predetermined percentage of unit sales or within a defined time period (both of which have passed and appraisal still reflects developer/builder in control of HOA. UW Attestation of Warrantabilty or any other acceptable documents to confirm warrantability were not provided. Guidelines reflect non warrantable condos are eligible subject to certain criteria being met. Developer/builder can't be in control of the Condo Association and be eligible. Property would be deemed ineligible under these conditions. - Due Diligence Vendor-05/04/2026 |
Ready for Review-Question #2 is completed and there is nowhere for a signature. Please clear this finding. - Seller-06/24/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/16/2026 Ready for Review-Document Uploaded. Builder is not in Control of the HOA. Please see attached. - Seller-05/05/2026 |
Resolved-Question number 2 was answer with the HOA being transferred, no signature is required. - Due Diligence Vendor-06/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum required FICO score is 620 - actual FICO score is 797 Required is 620 Borrower has 797 LTV is less than guideline maximum - maximum LTV allowed is 75% - actual is 57.42% Required is 75 Borrower has 57.42 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108391 | D | A | D | A | A | A | A | A | Closed | FPRO1255 | 2026-05-04 10:47 | 2026-06-26 10:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | HOA Questionnaire Document is Missing | Resolved-HOA questionnaire was provided. - Due Diligence Vendor-06/26/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/24/2026 Counter-Received HOA questionnaire. Missing Name of Preparer and date on questionnaire. - Due Diligence Vendor-06/17/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/16/2026 Counter-Condo questionnaire completed XXXX was addressed in different condition(s), pending receipt of revised questionnaire. - Due Diligence Vendor-05/07/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-05/05/2026 Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. -HOA Questionnaire Document is Missing. - Due Diligence Vendor-05/04/2026 |
Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/24/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/16/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-05/05/2026 |
Resolved-HOA questionnaire was provided. - Due Diligence Vendor-06/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum required FICO score is 620 - actual FICO score is 797 Required is 620 Borrower has 797 LTV is less than guideline maximum - maximum LTV allowed is 75% - actual is 57.42% Required is 75 Borrower has 57.42 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108391 | D | A | D | A | A | A | A | A | Closed | FCRE0179 | 2026-05-01 14:06 | 2026-06-17 16:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | UW Attestation/Docs stating warrantability are missing | Resolved-Received 1008 Type XXXX warranty - Due Diligence Vendor-06/17/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/16/2026 Counter-Pending receipt of revised condo questionnaire. - Due Diligence Vendor-05/07/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-05/05/2026 Open-UW Attestation/Docs stating warrantability are missing. Please provide UW Attestation to confirm if Condo is warrantable or non-warrantable. - Due Diligence Vendor-05/01/2026 |
Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/16/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-05/05/2026 |
Resolved-Received 1008 Type XXXX warranty - Due Diligence Vendor-06/17/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum required FICO score is 620 - actual FICO score is 797 Required is 620 Borrower has 797 LTV is less than guideline maximum - maximum LTV allowed is 75% - actual is 57.42% Required is 75 Borrower has 57.42 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108391 | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2026-04-30 17:01 | 2026-05-07 10:26 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/07/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-05/05/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing attached legal description - Due Diligence Vendor-04/30/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-05/05/2026 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/07/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum required FICO score is 620 - actual FICO score is 797 Required is 620 Borrower has 797 LTV is less than guideline maximum - maximum LTV allowed is 75% - actual is 57.42% Required is 75 Borrower has 57.42 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305073100 | C | B | C | B | A | A | A | A | Closed | FCRE5778 | 2026-05-04 13:24 | 2026-05-08 14:14 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower 1 Credit Report is Expired | Waived-Originator waiver applied to non-material finding with compensating factors. Exception for expired credit report with no material changes. - Due Diligence Vendor-05/08/2026 Counter-Received credit report dated after Note date of XXXX. Finding remains. - Due Diligence Vendor-05/08/2026 Ready for Review-Document Uploaded. - Seller-05/07/2026 Open-Borrower 1 Credit Report is Expired (Greater than 120 days from the Closing Date). No updated credit report on file. (only supp with no scores) - Due Diligence Vendor-05/04/2026 |
Ready for Review-Document Uploaded. - Seller-05/07/2026 |
Waived-Originator waiver applied to non-material finding with compensating factors. Exception for expired credit report with no material changes. - Due Diligence Vendor-05/08/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.62 Required is 0.75 Borrower has 1.621 Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 793 Required is 640 Borrower has 793 |
763 fico 1.621 DSCR |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | XXXX |
| XXXX | XXXX | 305122130 | C | A | C | A | A | A | A | A | Closed | FCRE1148 | 2026-05-04 16:29 | 2026-05-08 15:38 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received 3rd revision to title commitment dated XXXX reflecting Coverage Amount of XXXX is sufficient based on the type of subject lien - Due Diligence Vendor-05/08/2026 Ready for Review-Document Uploaded. Please see attached Title Commitment - XXXX that was already uploaded to your system. Please clear this finding. - Seller-05/07/2026 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Title Coverage is Less than Subject Lien(s) Total - Due Diligence Vendor-05/04/2026 |
Ready for Review-Document Uploaded. Please see attached Title Commitment - $225K that was already uploaded to your system. Please clear this finding. - Seller-05/07/2026 |
Resolved-Received 3rd revision to title commitment dated XXXX reflecting Coverage Amount of XXXX is sufficient based on the type of subject lien - Due Diligence Vendor-05/08/2026 |
Qualifying FICO score is at least 20 points above minimum for program - . Required is 660 Borrower has 683 Months Reserves exceed minimum required - Reserves Required 6 months, Verified 7+. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108542 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305108516 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2026-05-04 11:13 | 2026-05-08 12:37 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received The Guaranty Agreement - Due Diligence Vendor-05/08/2026 Ready for Review-Document Uploaded. Supporting Document - Buyer-05/06/2026 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Missing'. Personal guaranty is required - Due Diligence Vendor-05/04/2026 |
Resolved-Received The Guaranty Agreement - Due Diligence Vendor-05/08/2026 |
Long term residence - 5 years in primary residence LTV is less than guideline maximum - Required is 75 Borrower has 66.13 Required is 75 Borrower has 66.13 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305108514 | C | A | C | A | A | A | A | A | Closed | FCRE0075 | 2026-05-05 13:41 | 2026-05-11 12:06 | Resolved | 1 - Information | C | A | Credit | Eligibility | CoSignor or Guarantor is on debt or a loan not in this application according to the 1003 Declaration | Resolved-Received executed LOE no co sign or guarantor. - Due Diligence Vendor-05/11/2026 Ready for Review-Document Uploaded. - Seller-05/07/2026 Open-CoSignor or Guarantor is on debt or a loan not in this application according to the 1003 Declaration. Please provide updated 1003 for borrower 2 that includes debt or loan information referenced in declaration. - Due Diligence Vendor-05/06/2026 |
Ready for Review-Document Uploaded. - Seller-05/07/2026 |
Resolved-Received executed LOE no co sign or guarantor. - Due Diligence Vendor-05/11/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.186 Required is 0.8 Borrower has 1.186 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 770 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305122056 | D | A | D | A | C | A | A | A | Closed | finding-3352 | 2026-05-05 16:20 | 2026-07-24 09:02 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/24/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-05/05/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/24/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 740 which exceeds the minimum of 680 Required is 680 Borrower has 740 Qualifying DTI below maximum allowed - DTI of 42.51% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 42.51 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305122056 | D | A | D | A | C | A | A | A | Closed | FCRE1325 | 2026-05-07 13:27 | 2026-07-21 09:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received Verification of Sole Member LLC - Due Diligence Vendor-07/21/2026 Ready for Review-Document Uploaded. Attached is the IRS EIN documentation for XXXX, which identifies the borrower as the sole member of the business. The IRS documentation provides third-party verification of the borrower's ownership interest in the LLC and supports that the business is a single-member LLC. Accordingly, the ownership requirement under Section 5.1.26 has been satisfied. The documentation confirms the borrower's ownership and supports the use of the business bank statements for qualification. Please review the attached IRS EIN documentation and remove this finding. - Seller-07/18/2026 Counter-Received lender xpl, however bank statements reflect XXXX provide XXXX search to support is not organized as LLC or Corop. Independent search agrees with XXXX CU statements entity is LLC, therefore provide ownership percentage verification by 3rd party. and to satisfy XXXX whether If the borrower’s business is registered as single-member LLC/Corporation then the borrower must provide Articles of Incorporation and most recent filing with secretary of state. If articles of Incorporation do not list its owners, then CPA Letter with Ownership Breakdown or Addendum will be required. Certified Public Accountant (CPA), an IRS Enrolled Agent (EA), a CTEC registered tax preparer, PTIN, or a Tax Attorney must have either filed or reviewed previous year returns or financial audit OR If the borrower’s business is registered as a multi-member LLC/Corporation/Partnership then the borrower must provide articles of Incorporation and most recent filing with Secretary of State and CPA Letter/Operating Agreement/Corporate Bylaws with Ownership Breakdown or Addendum a statement whether the signor of letter has filed or reviewed the revious returns or financial audit. - Due Diligence Vendor-05/29/2026 Ready for Review-Please note the business operates as a sole proprietorship/DBA under the name “XXXX” and is not organized as an LLC or corporation. Therefore, no operating agreement exists for this business structure. The self-employed business narrative form reflects the borrower as 100% owner of the business. Additionally, the CPA letter dated XXXX confirms the business name as XXXX and includes XXXX license number XXXX. As the DBA is tied directly to the borrower individually, the documentation supports sole ownership of the business. Nevertheless, to further clarify the file, a revised CPA/tax preparer letter can be provided explicitly confirming the borrower maintains 100% ownership interest in the DBA business. Please clear this condition accordingly. - Seller-05/28/2026 Counter-Received duplicate tax preparer letter. Please provide documentation supporting borrower is 100% owner of business. Provide operating agreement or revised tax preparer letter - Due Diligence Vendor-05/13/2026 Ready for Review-Document Uploaded. The self-employed business narrative form in the loan file reflects the borrower as 100% owner of the business. Additionally, the business operates as a DBA under the name “XXXX,” which is listed as XXXX. As the business is a sole proprietorship/DBA tied directly to the borrower, the documentation provided supports 100% ownership. A CPA letter dated XXXX was also provided confirming borrower XXXX, including XXXX number XXXX. The documentation in the file supports the borrower’s ownership percentage. No further issues noted. Please clear this finding. - Seller-05/12/2026 Open-Borrower 1 CPA Letter Missing CPA to provide Borrower Percentage of Ownership, or provide documentation to confirm Borrower is 100% owner of Business. - Due Diligence Vendor-05/07/2026 |
Ready for Review-Document Uploaded. Attached is the IRS EIN documentation for XXXX, which identifies the borrower as the sole member of the business. The IRS documentation provides third-party verification of the borrower's ownership interest in the LLC and supports that the business is a single-member LLC. Accordingly, the ownership requirement under Section 5.1.26 has been satisfied. The documentation confirms the borrower's ownership and supports the use of the business bank statements for qualification. Please review the attached IRS EIN documentation and remove this finding. - Seller-07/18/2026 Ready for Review-Please note the business operates as a sole proprietorship/DBA under the name “XXXX” and is not organized as an LLC or corporation. Therefore, no operating agreement exists for this business structure. The self-employed business narrative form reflects the borrower as 100% owner of the business. Additionally, the CPA letter dated XXXX confirms the business name as XXXX and includes XXXX license number XXXX. As the DBA is tied directly to the borrower individually, the documentation supports sole ownership of the business. Nevertheless, to further clarify the file, a revised CPA/tax preparer letter can be provided explicitly confirming the borrower maintains 100% ownership interest in the DBA business. Please clear this condition accordingly. - Seller-05/28/2026 Ready for Review-Document Uploaded. The self-employed business narrative form in the loan file reflects the borrower as 100% owner of the business. Additionally, the business operates as a DBA under the name “XXXX” which is listed as XXXX. As the business is a sole proprietorship/DBA tied directly to the borrower, the documentation provided supports 100% ownership. A CPA letter dated XXXX was also provided confirming borrower XXXX, including XXXX number XXXX. The documentation in the file supports the borrower’s ownership percentage. No further issues noted. Please clear this finding. - Seller-05/12/2026 |
Resolved-Received Verification of Sole Member LLC - Due Diligence Vendor-07/21/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 740 which exceeds the minimum of 680 Required is 680 Borrower has 740 Qualifying DTI below maximum allowed - DTI of 42.51% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 42.51 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305122056 | D | A | D | A | C | A | A | A | Closed | FCRE1506 | 2026-05-07 10:55 | 2026-07-21 09:07 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received Verification of Sole Member LLC - Due Diligence Vendor-07/21/2026 Ready for Review-Document Uploaded. Attached is the IRS EIN documentation for XXXX, which identifies the borrower as the sole member of the business. The IRS documentation provides third-party verification of the borrower's ownership interest in the LLC and supports that the business is a single-member LLC. Accordingly, the ownership requirement under Section 5.1.26 has been satisfied. The documentation confirms the borrower's ownership and supports the use of the business bank statements for qualification. Please review the attached IRS EIN documentation and remove this finding. - Seller-07/18/2026 Counter-Pending receipt of additional infomration. - Due Diligence Vendor-05/29/2026 Ready for Review-Please note the business operates as a sole proprietorship/DBA under the name “XXXX” and is not organized as an LLC or corporation. Therefore, no operating agreement exists for this business structure. The self-employed business narrative form reflects the borrower as 100% owner of the business. Additionally, the CPA letter dated XXXX confirms the business name as XXXX and includes XXXX XXXX. As the DBA is tied directly to the borrower individually, the documentation supports sole ownership of the business. Nevertheless, to further clarify the file, a revised CPA/tax preparer letter can be provided explicitly confirming the borrower maintains 100% ownership interest in the DBA business. Please clear this condition accordingly. - Seller-05/28/2026 Counter-Received duplicate tax preparer letter. Please provide documentation supporting borrower is 100% owner of business. Provide operating agreement or revised tax preparer letter - Due Diligence Vendor-05/13/2026 Ready for Review-The self-employed business narrative form in the loan file reflects the borrower as 100% owner of the business. Additionally, the business operates as a DBA under the name “XXXX,” which is listed as XXXX. As the business is a sole proprietorship/DBA tied directly to the borrower, the documentation provided supports 100% ownership. A CPA letter dated XXXX was also provided confirming borrower XXXX, including XXXX number XXXX. The documentation in the file supports the borrower’s ownership percentage. No further issues noted. Please clear this finding. - Seller-05/12/2026 Ready for Review-Document Uploaded. Please see attached VOR and CPA letter. - Seller-05/12/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing VOR, unable to validate borrower's ability to repay, also missing Income-Documentation to confirm Business Ownership. - Due Diligence Vendor-05/07/2026 |
Ready for Review-Document Uploaded. Attached is the IRS EIN documentation for XXXX, which identifies the borrower as the sole member of the business. The IRS documentation provides third-party verification of the borrower's ownership interest in the LLC and supports that the business is a single-member LLC. Accordingly, the ownership requirement under Section 5.1.26 has been satisfied. The documentation confirms the borrower's ownership and supports the use of the business bank statements for qualification. Please review the attached IRS EIN documentation and remove this finding. - Seller-07/18/2026 Ready for Review-Please note the business operates as a sole proprietorship/DBA under the name “XXXX” and is not organized as an LLC or corporation. Therefore, no operating agreement exists for this business structure. The self-employed business narrative form reflects the borrower as 100% owner of the business. Additionally, the CPA letter dated XXXX confirms the business name as XXXX and includes XXXX license number XXXX. As the DBA is tied directly to the borrower individually, the documentation supports sole ownership of the business. Nevertheless, to further clarify the file, a revised CPA/tax preparer letter can be provided explicitly confirming the borrower maintains 100% ownership interest in the DBA business. Please clear this condition accordingly. - Seller-05/28/2026 Ready for Review-The self-employed business narrative form in the loan file reflects the borrower as 100% owner of the business. Additionally, the business operates as a DBA under the name “XXXX,” which is listed as XXXX. As the business is a sole proprietorship/DBA tied directly to the borrower, the documentation provided supports 100% ownership. A CPA letter dated XXXX was also provided confirming borrower XXXX, including XXXX number XXXX. The documentation in the file supports the borrower’s ownership percentage. No further issues noted. Please clear this finding. - Seller-05/12/2026 Ready for Review-Document Uploaded. Please see attached VOR and CPA letter. - Seller-05/12/2026 |
Resolved-Received Verification of Sole Member LLC - Due Diligence Vendor-07/21/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 740 which exceeds the minimum of 680 Required is 680 Borrower has 740 Qualifying DTI below maximum allowed - DTI of 42.51% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 42.51 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305122056 | D | A | D | A | C | A | A | A | Closed | FCRE1440 | 2026-05-07 08:39 | 2026-05-13 13:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOR. - Due Diligence Vendor-05/13/2026 Ready for Review-Document Uploaded. Please see attached VOR that was uploaded to your file. - Seller-05/12/2026 Open-Housing History Does Not Meet Guideline Requirements Missing VOR for borrower's current resident. - Due Diligence Vendor-05/07/2026 |
Ready for Review-Document Uploaded. Please see attached VOR that was uploaded to your file. - Seller-05/12/2026 |
Resolved-Received VOR. - Due Diligence Vendor-05/13/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 740 which exceeds the minimum of 680 Required is 680 Borrower has 740 Qualifying DTI below maximum allowed - DTI of 42.51% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 42.51 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108519 | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2026-05-07 16:29 | 2026-05-13 13:04 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Client provided a waive to proceed with using a PTIN preparered letter to document the business is active, percentage of ownership, length of time it has been active and that the use of business funds will not impact the business, applied to non material finding with comp factors - Due Diligence Vendor-05/13/2026 Ready for Review-Document Uploaded. Exception is attached - Buyer-05/12/2026 Open-Provide exception form. Notes in the file state: An exception was requested for the following: Requesting an exception to proceed with using a PTIN prepared letter to document the business is active, percentage of ownership, length of time it has been active and that the use of business funds will not impact the business. Our guides require that the LOE come from a CPA /EA. Comp factors: 1. Credit Score - 70 points above requirement 2. DTI - 30% below max 3. Employment stability - 22 years operating business 4. reserves - 12 months above requirement 5. Residual Income - $45,000/month above requirements - Due Diligence Vendor-05/07/2026 |
Waived-Client provided a waive to proceed with using a PTIN preparered letter to document the business is active, percentage of ownership, length of time it has been active and that the use of business funds will not impact the business, applied to non material finding with comp factors - Due Diligence Vendor-05/13/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 797 Qualifying DTI below maximum allowed - Required is 50 Borrower has 12.73 |
Credit Score: 70 pts above requirement Reserves (months): 12 Months above requirement DTI: 30% below max Residual Income: $45,000/month above requirement Credit History: Clean credit Employment Stability 22 years operating business |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | XXXX | |
| XXXX | XXXX | 305108505 | C | A | C | A | A | A | A | A | Closed | FCRE1194 | 2026-05-07 08:29 | 2026-05-11 13:48 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Received proof of prior investment experience. - Due Diligence Vendor-05/11/2026 Ready for Review-Document Uploaded. he borrower is an experienced investor. To confirm this, I have attached a property profile showing ownership since XXXX, as well as an operating agreement. Additionally, I have attached an updated 1003 including this rental property on the REO schedule. - Buyer-05/08/2026 Open-Audited LTV of 80% exceeds Guideline LTV of 75% Max 75% LTV for first time investors (borrower does not have proof of ownership and/or management of residential and/or commercial rental real estate for at least one year in the last 3 years) Borrower purchased subject XXXX with no previous NOO REO noted. - Due Diligence Vendor-05/07/2026 |
Resolved-Received proof of prior investment experience. - Due Diligence Vendor-05/11/2026 |
Months Reserves exceed minimum required - 46 months reserves documented, 12 months required Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 744 Required is 700 Borrower has 744 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305122131 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-05-08 10:16 | 2026-06-25 15:08 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing history for property 3d was provided. - Due Diligence Vendor-06/25/2026 Ready for Review-All documents to support REO 3d XXXX was paid off in XXXX and new payments with Rushmore have been previously provided. Please refer to all previously uploaded documents and clear this finding. - Seller-06/23/2026 XXXX statement only) - Due Diligence Vendor-06/22/2026 Ready for Review-Both were already provided. Please refer to previously uploaded documents and clear this finding. - Seller-06/18/2026 Counter-It appears we are missing (B1) 3h XXXX - XXXX. (B2) It appears we are missing XXXX for 3d account XXXX. - Due Diligence Vendor-06/18/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/17/2026 Counter-Received additional for B1 3h XXXX. B2 3d, 3e and 3f. Condition remains, still need docs for B1 3h loan is due for 5/1, have 2x XXXX, need 10x XXXX; B2 3d XXXX next due XXXX, need XXXX, 3e XXXX 12mo VOM complete. 3f XXXX 12mo VOM complete - Due Diligence Vendor-05/14/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-05/12/2026 Counter-Received 3 mo statement for B13h, one mo for B2 3d, one mo statement for 3e, and one month + same lender refi on XXXX for 3f; these docs provide evidence the loans are current, however unable to derive 12 mo 0x30 with information provided, not on CBR either. Please provide VOM for b1 3h, and for b2 3d,3e and 3f to satisfy this condition. - Due Diligence Vendor-05/12/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-05/08/2026 Open-Housing History Does Not Meet Guideline Requirements Missing proof of housing histories for: B1: 3h with XXXX and B2: 3d with XXXX; 3e with XXXX and 3f with XXXX. Upon receipt additional conditions maybe required. - Due Diligence Vendor-05/08/2026 |
Ready for Review-All documents to support REO 3d XXXX was paid off in XXXX and new payments with Rushmore have been previously provided. Please refer to all previously uploaded documents and clear this finding. - Seller-06/23/2026 Ready for Review-Both were already provided. Please refer to previously uploaded documents and clear this finding. - Seller-06/18/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/17/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-05/12/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-05/08/2026 |
Resolved-Housing history for property 3d was provided. - Due Diligence Vendor-06/25/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 700 Borrower has 743 Required is 700 Borrower has 743 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 19.03 Required is 50 Borrower has 19.03 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305122131 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2026-05-08 10:39 | 2026-05-12 14:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received PITIA missing documents: (Borrower 1) 3f taxes, (Borrower 2) 3b taxes, 3c taxes and 3e same lender refi CD - Due Diligence Vendor-05/12/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-05/08/2026 Open-Missing the following information for properties: (Borrower 1) 3f missing taxes, (Borrower 2) 3b missing taxes, 3c missing taxes and 3e missing Mortgage statement with the P&I. Upon receipt additional conditions maybe required. - Due Diligence Vendor-05/08/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-05/08/2026 |
Resolved-Received PITIA missing documents: (Borrower 1) 3f taxes, (Borrower 2) 3b taxes, 3c taxes and 3e same lender refi CD - Due Diligence Vendor-05/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 700 Borrower has 743 Required is 700 Borrower has 743 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 19.03 Required is 50 Borrower has 19.03 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097468 | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2026-05-12 12:14 | 2026-08-21 15:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-08/21/2026 Resolved-Received VOE - Due Diligence Vendor-05/22/2026 Ready for Review-Document Uploaded. - Seller-05/21/2026 Open-Borrower 1 3rd Party VOE Prior to Close Missing VOE is more than 10 days from closing. - Due Diligence Vendor-05/12/2026 |
Ready for Review-Document Uploaded. - Seller-05/21/2026 |
Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-08/21/2026 Resolved-Received VOE - Due Diligence Vendor-05/22/2026 |
Months Reserves exceed minimum required - Minm 6, Borrower has 39.71 Qualifying DTI below maximum allowed - Required is 50 Borrower has 33.53 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097468 | D | A | D | A | A | A | A | A | Closed | FCRE1206 | 2026-05-11 14:58 | 2026-05-26 12:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Updated fraud report provided with additional parties added. - Due Diligence Vendor-05/26/2026 Ready for Review-Document Uploaded. - Seller-05/26/2026 Counter-XXXX provided, however the parties are required to be added to the exclusionary list. Finding remains. - Due Diligence Vendor-05/26/2026 Ready for Review-Document Uploaded. - Seller-05/22/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Borrower's LLC & Seller's business name was not included in Fraud Report search. - Due Diligence Vendor-05/11/2026 |
Ready for Review-Document Uploaded. - Seller-05/26/2026 Ready for Review-Document Uploaded. - Seller-05/22/2026 |
Resolved-Updated fraud report provided with additional parties added. - Due Diligence Vendor-05/26/2026 |
Months Reserves exceed minimum required - Minm 6, Borrower has 39.71 Qualifying DTI below maximum allowed - Required is 50 Borrower has 33.53 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097468 | D | A | D | A | A | A | A | A | Closed | FCRE1248 | 2026-05-11 15:00 | 2026-05-26 10:17 | Resolved | 1 - Information | C | A | Credit | Eligibility | Non-Arm's Length Transactions Not Allowed for Program | Resolved-Received LOE, taxes were paid by the seller prior to close and was only 3 months late. - Due Diligence Vendor-05/26/2026 Ready for Review-Document Uploaded. Please see response from XXXX. It appears the taxes were addressed on page 3 of the CD. - Seller-05/20/2026 Open-Non-Arm's Length Transactions Not Allowed for Program Seller is an LLC, but the owner is a family member of the borrower per Warranty Deed in file. Non-Arm's length sales eligible with 12 month mortgage payment history. Property is owned F&C, however is delinquent on taxes per Title & is ineligible. - Due Diligence Vendor-05/11/2026 |
Ready for Review-Document Uploaded. Please see response from XXXX. It appears the taxes were addressed on page 3 of the CD. - Seller-05/20/2026 |
Resolved-Received LOE, taxes were paid by the seller prior to close and was only 3 months late. - Due Diligence Vendor-05/26/2026 |
Months Reserves exceed minimum required - Minm 6, Borrower has 39.71 Qualifying DTI below maximum allowed - Required is 50 Borrower has 33.53 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097468 | D | A | D | A | A | A | A | A | Closed | FCRE8702 | 2026-05-12 10:55 | 2026-05-22 08:39 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received IRS EIN confirmation - Due Diligence Vendor-05/22/2026 Ready for Review-Document Uploaded. - Seller-05/20/2026 Counter-Received Good Standing. Missing EIN. - Due Diligence Vendor-05/19/2026 Ready for Review-Document Uploaded. - Seller-05/15/2026 Open-The Business Entity Formation Document is incomplete Business EIN to be provided. Cert of good standing to be provided. - Due Diligence Vendor-05/12/2026 |
Ready for Review-Document Uploaded. - Seller-05/20/2026 Ready for Review-Document Uploaded. - Seller-05/15/2026 |
Resolved-Received IRS EIN confirmation - Due Diligence Vendor-05/22/2026 |
Months Reserves exceed minimum required - Minm 6, Borrower has 39.71 Qualifying DTI below maximum allowed - Required is 50 Borrower has 33.53 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097468 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-05-11 14:44 | 2026-05-19 13:50 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received current mortgage statement for primary and confirmation of servicing transfer. - Due Diligence Vendor-05/19/2026 Ready for Review-Document Uploaded. - Seller-05/19/2026 Open-Housing History Does Not Meet Guideline Requirements Mortgage stmt needed for current primary. - Due Diligence Vendor-05/11/2026 |
Ready for Review-Document Uploaded. - Seller-05/19/2026 |
Resolved-Received current mortgage statement for primary and confirmation of servicing transfer. - Due Diligence Vendor-05/19/2026 |
Months Reserves exceed minimum required - Minm 6, Borrower has 39.71 Qualifying DTI below maximum allowed - Required is 50 Borrower has 33.53 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097468 | D | A | D | A | A | A | A | A | Closed | FCRE1764 | 2026-05-12 13:30 | 2026-05-19 13:48 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Verification of Mortgage | Resolved-Received confirmation no HOA, servicing transferred and mortgage statement provided from another condition. - Due Diligence Vendor-05/19/2026 Counter-Received confirmation no HOA and servicing transferred. Missing mortgage statement confirming escrows (taxes and hOI) are included. Credit supplement confirming escrowed would be acceptable as well. - Due Diligence Vendor-05/19/2026 Ready for Review-Document Uploaded. - Seller-05/18/2026 Open-Verify if mortgage showing for the current primary with XXXX is an active mortgage and what property this is attached to. Provide current mortgage statement for current primary residence. Verify if there are any HOA dues. - Due Diligence Vendor-05/12/2026 |
Ready for Review-Document Uploaded. - Seller-05/18/2026 |
Resolved-Received confirmation no HOA, servicing transferred and mortgage statement provided from another condition. - Due Diligence Vendor-05/19/2026 |
Months Reserves exceed minimum required - Minm 6, Borrower has 39.71 Qualifying DTI below maximum allowed - Required is 50 Borrower has 33.53 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097468 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2026-05-12 13:54 | 2026-05-19 13:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received confirmation of servicing transfer. - Due Diligence Vendor-05/19/2026 Ready for Review-Document Uploaded. Servicing transferred to XXXX. - Seller-05/18/2026 Open-1003 shows a mortgage with XXXX for property 3a, but the note provided is for a different company. Verify if there is an additional mortgage and what property it is tied to. - Due Diligence Vendor-05/12/2026 |
Ready for Review-Document Uploaded. Servicing transferred to XXXX. - Seller-05/18/2026 |
Resolved-Received confirmation of servicing transfer. - Due Diligence Vendor-05/19/2026 |
Months Reserves exceed minimum required - Minm 6, Borrower has 39.71 Qualifying DTI below maximum allowed - Required is 50 Borrower has 33.53 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097468 | D | A | D | A | A | A | A | A | Closed | FCRE8887 | 2026-05-18 11:38 | 2026-05-18 11:40 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Received complete 1003 loan application. - Due Diligence Vendor-05/18/2026 Open-The Final 1003 is Incomplete Final 1003 not correct. Shows no income, credit or property information. - Due Diligence Vendor-05/18/2026 |
Resolved-Received complete 1003 loan application. - Due Diligence Vendor-05/18/2026 |
Months Reserves exceed minimum required - Minm 6, Borrower has 39.71 Qualifying DTI below maximum allowed - Required is 50 Borrower has 33.53 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305097468 | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2026-05-12 13:17 | 2026-05-14 10:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM. - Due Diligence Vendor-05/14/2026 Ready for Review-Document Uploaded. - Seller-05/13/2026 Open-Borrower 1 Gap Credit Report is Missing Provide gap report for full doc loan. - Due Diligence Vendor-05/12/2026 |
Ready for Review-Document Uploaded. - Seller-05/13/2026 |
Resolved-Received UDM. - Due Diligence Vendor-05/14/2026 |
Months Reserves exceed minimum required - Minm 6, Borrower has 39.71 Qualifying DTI below maximum allowed - Required is 50 Borrower has 33.53 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305129634 | D | A | D | A | C | A | A | A | Closed | finding-3625 | 2026-05-07 13:09 | 2026-05-28 09:50 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" Validation Test | Resolved-Received PCCD XXXX changing payee in section B. Finding Resolved. - Due Diligence Vendor-05/28/2026 Ready for Review-Document Uploaded. Supporting Document - Seller-05/27/2026 Counter-On the XXXX Closing Disclosure (CD), Section B ("Services You Cannot Shop For") is generally reserved for required third-party services chosen by the lender, such as appraisals and credit reports, rather than fees paid directly to the lender. Any direct fees payable to the lender for originating the loan belong in Section A ("Origination Charges") - Due Diligence Vendor-05/20/2026 Ready for Review-Document Uploaded. Supporting Document - Seller-05/20/2026 Counter-Received CO's and CD's. Did not fix Section B fees being paid to lender./Broker. Finding Remains. - Due Diligence Vendor-05/13/2026 Ready for Review-Document Uploaded. Supporting Documents - Buyer-05/12/2026 Open-This loan failed the TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" validation test.This loan contains a fee or fees where "compensation to" is set to the lender or broker but this fee or fees should not be retained by the lender or broker."Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" should contain an itemization of each amount, and a subtotal of all such amounts, the consumer will pay for settlement services for which the consumer cannot shop in accordance with Regulation Z and that are provided by persons other than the creditor or mortgage broker. -----Credit Report, MERS and Flood Certification fees in section B are payable to Lender/Broker however, fees paid to Lender or Broker must be in section A. If the fee is to remain in section B, it must state FBO (for the benefit of) to said Vendor. Provide a post close CD with correction within 60 days of discovery date. Statute of Limitations - 1 year, expiration date XXXX. - Due Diligence Vendor-05/07/2026 |
Ready for Review-Document Uploaded. Supporting Document - Seller-05/27/2026 Ready for Review-Document Uploaded. Supporting Document - Seller-05/20/2026 |
Resolved-Received PCCD XXXX changing payee in section B. Finding Resolved. - Due Diligence Vendor-05/28/2026 |
Qualifying DTI below maximum allowed - Required is 45 Borrower has 29.08 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 746 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305129634 | D | A | D | A | C | A | A | A | Closed | FCRE0070 | 2026-05-08 18:11 | 2026-05-13 13:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Received 1008. - Due Diligence Vendor-05/13/2026 Ready for Review-Document Uploaded. Supporting Document - Buyer-05/12/2026 Open-Missing Approval/Underwriting Summary Provide approval and or 1008 - Due Diligence Vendor-05/08/2026 |
Resolved-Received 1008. - Due Diligence Vendor-05/13/2026 |
Qualifying DTI below maximum allowed - Required is 45 Borrower has 29.08 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 746 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305129634 | D | A | D | A | C | A | A | A | Closed | finding-3634 | 2026-05-07 11:31 | 2026-05-13 10:15 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received COC for increase in fees. Finding Resolved. - Due Diligence Vendor-05/13/2026 Ready for Review-Document Uploaded. Supporting Documents - Seller-05/12/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $579.80.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Zero (0%) tolerance fees increased by $579.80 (Points) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $579.80, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations - 3 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-05/07/2026 |
Ready for Review-Document Uploaded. Supporting Documents - Seller-05/12/2026 |
Resolved-Received COC for increase in fees. Finding Resolved. - Due Diligence Vendor-05/13/2026 |
Qualifying DTI below maximum allowed - Required is 45 Borrower has 29.08 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 746 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108513 | D | B | D | B | A | A | A | A | Closed | FCRE9996 | 2026-05-08 18:37 | 2026-05-15 16:36 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo does not meet requirements | Waived-Originator waiver applied to non-material finding with comp factors. - Due Diligence Vendor-05/08/2026 Open-Minimum allowable square footage is 500sf - subject is XXXX - exception request in file - Due Diligence Vendor-05/08/2026 |
Waived-Originator waiver applied to non-material finding with comp factors. - Due Diligence Vendor-05/08/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 772 DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.077 Required is 0.8 Borrower has 1.077 |
FICO 772, DSCR 1.077, good mortgage history | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | No | XXXX | ||
| XXXX | XXXX | 305108513 | D | B | D | B | A | A | A | A | Closed | FCRE1158 | 2026-05-08 08:20 | 2026-05-14 12:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Received correction to HOI - Due Diligence Vendor-05/14/2026 Ready for Review-Document Uploaded. - Seller-05/12/2026 Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Premium amount listed on HOI docs differs from amount used by lender. The Settlement Statement and Evidence of Insurance page both list the annual premium as XXXX and the First Payment letter and the monthly escrow amount of XXXX x 12 = XXXX. Please provide explanation for difference. - Due Diligence Vendor-05/08/2026 |
Ready for Review-Document Uploaded. - Seller-05/12/2026 |
Resolved-Received correction to HOI - Due Diligence Vendor-05/14/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 772 DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.077 Required is 0.8 Borrower has 1.077 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305122105 | C | A | A | A | A | A | C | A | Closed | FPRO0025 | 2026-05-08 08:22 | 2026-06-25 16:54 | Resolved | 1 - Information | C | A | Property | Property Issue | Smoke Detector/Carbon Monoxide detector has issues | Resolved-Received the inspection details from the county for the subject property which reflects the approved. - Due Diligence Vendor-06/25/2026 Ready for Review-Document Uploaded. Please see attached Final Inspection - Certificate of Completion issued by the county - XXXX for the subject property -XXXX. - Seller-06/24/2026 Counter-XXXX(effective date 1/1/2011) states that carbon monoxide detectors are required on new construction and/or if the subject property has an attached garage. Per the appraisal the property was built in XXXX and has an attached garage which requires carbon monoxide detectors. No evidence provided supporting the carbon monoxide detectors are present in the property as required by state regulation. - Due Diligence Vendor-06/17/2026 Ready for Review-It should be noted that the appraisal reflects the fuel type for the subject property as Electric. With the stove and water heater are electric (XXXX has no gas line attached nor a Regulator). Therefore, the appraiser stated that the missing CO detector was not a code compliance issue. Further, the property was built in XXXX after the code was in effect, which is reasonable to conclude the missing CO detector was not required as it passed inspection and received a COO. - Seller-06/15/2026 Counter-Received Lender rebuttal, no documents received. Carbon Dioxide detectors are required to meet State requirements. - Due Diligence Vendor-06/01/2026 Ready for Review-The original appraisal was completed on an “as-is” basis and did not identify the absence of carbon monoxide detectors as a repair requirement, health and safety deficiency, or condition impacting value, marketability, or eligibility. The appraiser explicitly stated that the observation was not considered a code compliance issue within the scope of the appraisal assignment. The subject property was underwritten, closed, and funded based upon the original appraisal and underwriting approval with no prior requirement for installation, repair completion, or 1004D certification related to smoke or carbon monoxide detectors. While the counter references general building code and landlord requirements regarding smoke/carbon monoxide alarms for newer construction, the current request appears to constitute a post-closing condition that was not part of the original underwriting decision, appraisal condition, or funding requirement. Please clarify whether this request is being cited as: • an investor overlay requirement, • a post-closing QC/documentation item, • or a material eligibility deficiency impacting the original approval. Absent a prior appraisal repair requirement or underwriting condition, the request for a retroactive 1004D does not appear consistent with the original as-is valuation and funded loan approval. - Seller-05/29/2026 Counter-Received rebuttal stating property was built in XXXX. Condition remains. 804.4.1 Smoke Alarms for Detached One- And Two-Family Dwellings and Townhouses and has been a requirement for landlords since 2012. New construction/renovations require hardwired, interconnected alarms with battery backups. Existing homes may use 10-year sealed battery alarms. Please review requirements. - Due Diligence Vendor-05/12/2026 Ready for Review-The subject property was constructed in XXXX and the original appraisal was completed on an “as-is” basis at the time of underwriting. The appraiser specifically noted that no carbon monoxide detectors were observed during the inspection, while smoke alarms were present and assumed to be in working order. The appraiser further explicitly stated that this was not considered a county code compliance issue within the scope of the appraisal assignment. The loan has already been closed and funded based on the original appraisal report, which did not identify the absence of carbon monoxide detectors as a repair requirement, condition, or value-impacting deficiency. A Third Party Review does not have authority to impose new conditions, alter the scope of the original assignment, or retroactively introduce repair requirements on a funded transaction. Accordingly, the request for a 1004D or any corrective action is not supported by the original appraisal report or underwriting decision and is therefore not applicable to this closed and funded file. - Seller-05/08/2026 Open-Smoke Detector/Carbon Monoxide detector has issues. Per appraiser commentary," No CO detectors were identified at the time of inspection. This is not a county code compliance issue. Smoke alarms were identified at the time of the inspection and assumed to be in working order." However per Laws and regulations for the state of XXXX. (Carbon Monoxide CO alarms are required in all newly constructed one and two-family dwellings and townhomes not more than three stories and all rental properties. Effective date: January XXXX. Appraiser to provide a 1004D to support Carbon Monoxide CO alarms are installed. - Due Diligence Vendor-05/08/2026 |
Ready for Review-Document Uploaded. Please see attached Final Inspection - Certificate of Completion issued by the county - XXXX for the subject property -XXXX. - Seller-06/24/2026 Ready for Review-It should be noted that the appraisal reflects the fuel type for the subject property as Electric. With the stove and water heater are electric (XXXX has no gas line attached nor a Regulator). Therefore, the appraiser stated that the missing CO detector was not a code compliance issue. Further, the property was built in XXXX after the code was in effect, which is reasonable to conclude the missing CO detector was not required as it passed inspection and received a COO. - Seller-06/15/2026 Ready for Review-The original appraisal was completed on an “as-is” basis and did not identify the absence of carbon monoxide detectors as a repair requirement, health and safety deficiency, or condition impacting value, marketability, or eligibility. The appraiser explicitly stated that the observation was not considered a code compliance issue within the scope of the appraisal assignment. The subject property was underwritten, closed, and funded based upon the original appraisal and underwriting approval with no prior requirement for installation, repair completion, or 1004D certification related to smoke or carbon monoxide detectors. While the counter references general building code and landlord requirements regarding smoke/carbon monoxide alarms for newer construction, the current request appears to constitute a post-closing condition that was not part of the original underwriting decision, appraisal condition, or funding requirement. Please clarify whether this request is being cited as: • an investor overlay requirement, • a post-closing QC/documentation item, • or a material eligibility deficiency impacting the original approval. Absent a prior appraisal repair requirement or underwriting condition, the request for a retroactive 1004D does not appear consistent with the original as-is valuation and funded loan approval. - Seller-05/29/2026 Ready for Review-The subject property was constructed in XXXX and the original appraisal was completed on an “as-is” basis at the time of underwriting. The appraiser specifically noted that no carbon monoxide detectors were observed during the inspection, while smoke alarms were present and assumed to be in working order. The appraiser further explicitly stated that this was not considered a county code compliance issue within the scope of the appraisal assignment. The loan has already been closed and funded based on the original appraisal report, which did not identify the absence of carbon monoxide detectors as a repair requirement, condition, or value-impacting deficiency. A Third Party Review does not have authority to impose new conditions, alter the scope of the original assignment, or retroactively introduce repair requirements on a funded transaction. Accordingly, the request for a 1004D or any corrective action is not supported by the original appraisal report or underwriting decision and is therefore not applicable to this closed and funded file. - Seller-05/08/2026 |
Resolved-Received the inspection details from the county for the subject property which reflects the approved. - Due Diligence Vendor-06/25/2026 |
Months Reserves exceed minimum required - Months reserves required is 0; qualifying reserves is 49.39 months. Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 759 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108521 | D | B | D | B | A | A | A | A | Closed | FCRE1158 | 2026-05-08 14:46 | 2026-05-14 12:45 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Received HOI correction w/ new first payment letter - Due Diligence Vendor-05/14/2026 Ready for Review-Document Uploaded. - Seller-05/12/2026 Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Premium amount listed on HOI docs slightly differs from what lender used. (XXXX) - Due Diligence Vendor-05/08/2026 |
Ready for Review-Document Uploaded. - Seller-05/12/2026 |
Resolved-Received HOI correction w/ new first payment letter - Due Diligence Vendor-05/14/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 787 DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.11 Required is 0.8 Borrower has 1.115 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108521 | D | B | D | B | A | A | A | A | Closed | FCRE0113 | 2026-05-08 15:13 | 2026-05-12 09:35 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Property/Appraisal General (Credit) | Waived-Originator waiver applied to non-material finding with compensating factors. Exception for <500 square feet. - Due Diligence Vendor-05/12/2026 Ready for Review-Document Uploaded. - Seller-05/11/2026 Open-<500 sq ft unit size does not meet condotel requirements. Condo review form states there is an exception however none found in file. - Due Diligence Vendor-05/08/2026 |
Ready for Review-Document Uploaded. - Seller-05/11/2026 |
Waived-Originator waiver applied to non-material finding with compensating factors. Exception for <500 square feet. - Due Diligence Vendor-05/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 787 DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.11 Required is 0.8 Borrower has 1.115 |
FICO 787, 127>660 MIN. LTV 60.00, 25.00<85.00 MAХ. Housing history - 0*30*81 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | XXXX |
| XXXX | XXXX | 305108554 | D | B | D | B | A | A | A | A | Closed | FCRE5782 | 2026-05-11 11:44 | 2026-05-14 15:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDN dated XXXX - Due Diligence Vendor-05/14/2026 Ready for Review-Document Uploaded. Supporting Document - Buyer-05/12/2026 Open-Borrower 1 Gap Credit Report is Missing An Undisclosed Debt Notification (UDN) is required within 10 days prior to closing date. Verification of monitoring documents needs to clearly show date issued, created or printed within 10 days of the closing date showing active monitoring. - Due Diligence Vendor-05/11/2026 |
Resolved-Received UDN dated XXXX - Due Diligence Vendor-05/14/2026 |
Qualifying DTI below maximum allowed - Required is 45 Borrower has 32.26 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 767 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305108554 | D | B | D | B | A | A | A | A | Closed | FCRE1491 | 2026-05-11 11:58 | 2026-05-11 14:37 | Waived | 2 - Non-Material | C | B | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Waived-Client blanket waiver to allow gift funds on a WVOE program - Due Diligence Vendor-05/11/2026 Open-Asset Qualification Does Not Meet Guideline Requirements WVOE program does not allow gift funds. eResi will allow gift funds on a WVOE program for XXXX. - Due Diligence Vendor-05/11/2026 |
Waived-Client blanket waiver to allow gift funds on a WVOE program - Due Diligence Vendor-05/11/2026 |
Qualifying DTI below maximum allowed - Required is 45 Borrower has 32.26 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 767 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | XXXX | |||
| XXXX | XXXX | 305108494 | D | A | A | A | D | A | A | A | Closed | FCOM2630 | 2026-05-07 17:49 | 2026-05-12 16:09 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing Attorney Preference Letter | Resolved-Upon further review no additional documentation is required. - Due Diligence Vendor-05/12/2026 Open-Right To Choose Attorney or Attorney Preference Not In File Right to Choose Attorney Missing - Due Diligence Vendor-05/07/2026 |
Resolved-Upon further review no additional documentation is required. - Due Diligence Vendor-05/12/2026 |
Qualifying DTI below maximum allowed - Required is 45 Borrower has 37.81 Required is 45 Borrower has 37.81 LTV is less than guideline maximum - Required is 80 Borrower has 48.28 Required is 80 Borrower has 48.28 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 702 Required is 660 Borrower has 702 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305108494 | D | A | A | A | D | A | A | A | Closed | FCOM0013 | 2026-05-08 07:41 | 2026-05-12 16:00 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Missing e-Consent | Resolved-Received borrower acknowledgement of e-consent. Finding resolved. - Due Diligence Vendor-05/12/2026 Ready for Review-Document Uploaded. Supporting Document - Buyer-05/12/2026 Open-Missing e-Consent. Missing e-consent - Due Diligence Vendor-05/08/2026 |
Resolved-Received borrower acknowledgement of e-consent. Finding resolved. - Due Diligence Vendor-05/12/2026 |
Qualifying DTI below maximum allowed - Required is 45 Borrower has 37.81 Required is 45 Borrower has 37.81 LTV is less than guideline maximum - Required is 80 Borrower has 48.28 Required is 80 Borrower has 48.28 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 702 Required is 660 Borrower has 702 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305072973 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305129690 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305122115 | D | A | D | A | A | A | A | A | Closed | FCRE1506 | 2026-05-13 16:58 | 2026-05-15 14:25 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Income/Employment findings have been resolved. - Due Diligence Vendor-05/15/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-05/14/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. A CPA letter verifying the borrower's self-employment, verifying the borrower has 100% ownership and why the lender used a 20% expense factor is missing from the loan file. - Due Diligence Vendor-05/13/2026 |
Ready for Review-Please refer to uploaded documents in related finding. - Seller-05/14/2026 |
Resolved-Income/Employment findings have been resolved. - Due Diligence Vendor-05/15/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 783 LTV is less than guideline maximum - Required is 80 Borrower has 67.27 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.09 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305122115 | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2026-05-13 16:33 | 2026-05-15 14:19 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Received CPA Letter. - Due Diligence Vendor-05/15/2026 Ready for Review-Document Uploaded. Please see attached. The borrower is self-employed. Guidelines state "in addition to verifying income, Underwriter must verify the current existence of the business within 60 days of the Note date. Acceptable methods of business verification include; CPA Verification". - Seller-05/14/2026 Open-Borrower 1 3rd Party VOE Prior to Close Missing A Verbal VOE for the borrower from the lender 10 days prior to closing verifying the borrower's self-employment is missing from the loan file. - Due Diligence Vendor-05/13/2026 |
Ready for Review-Document Uploaded. Please see attached. The borrower is self-employed. Guidelines state "in addition to verifying income, Underwriter must verify the current existence of the business within 60 days of the Note date. Acceptable methods of business verification include; CPA Verification". - Seller-05/14/2026 |
Resolved-Received CPA Letter. - Due Diligence Vendor-05/15/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 783 LTV is less than guideline maximum - Required is 80 Borrower has 67.27 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.09 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305122115 | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2026-05-13 16:33 | 2026-05-15 14:19 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received CPA letter. - Due Diligence Vendor-05/15/2026 Ready for Review-Document Uploaded. Please see attached - Seller-05/14/2026 Open-Borrower 1 CPA Letter Missing A CPA letter verifying the borrower's self-employment, verifying the borrower has 100% ownership and why the lender used a 20% expense factor is missing from the loan file. - Due Diligence Vendor-05/13/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-05/14/2026 |
Resolved-Received CPA letter. - Due Diligence Vendor-05/15/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 783 LTV is less than guideline maximum - Required is 80 Borrower has 67.27 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.09 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108480 | C | B | C | B | A | A | A | A | Closed | FCRE8611 | 2026-05-13 19:40 | 2026-05-14 14:42 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Income/Employment General | Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-05/14/2026 Open-AFSP Tax Preparer prepared and signed letter verifying borrower's history of owning and managing rental properties. Guidelines require the person confirming and signing the letter have either EA or CPA credentials. Approved exception in file - Due Diligence Vendor-05/13/2026 |
Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-05/14/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 775 DSCR % greater than 1.20 - Required is 1 Borrower has 2.405 LTV is less than guideline maximum - Required is 75 Borrower has 65 |
775 credit score, over 120 months reserves, 65% ltv | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | XXXX | ||
| XXXX | XXXX | 305108480 | C | B | C | B | A | A | A | A | Closed | FCRE0140 | 2026-05-13 19:49 | 2026-05-14 14:42 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | DSCR loan does not meet program guidelines | Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-05/14/2026 Open-Guidelines require all members to be on loan if closing in a LLC. Only 1 of 2 members of LLC on loan. Approved exception in file for only 1 member on loan - Due Diligence Vendor-05/13/2026 |
Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-05/14/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 775 DSCR % greater than 1.20 - Required is 1 Borrower has 2.405 LTV is less than guideline maximum - Required is 75 Borrower has 65 |
775 FICO, over 120 months reserves, DSCR 2.405, ltv 65% | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | XXXX | ||
| XXXX | XXXX | 305129707 | D | A | D | A | A | A | A | A | Closed | FCOM1220 | 2026-05-13 14:45 | 2026-06-02 13:23 | Resolved | 1 - Information | D | A | Credit | Missing Doc | The Deed of Trust is Missing | Resolved-UCC filing and Certificate was provided as the subject is part of a Co-op- There would not be a DOT or riders recorded. condition resolved - Due Diligence Vendor-06/02/2026 Ready for Review-Document Uploaded. emailed from Closer DOT not needed on Co-op - Buyer-05/29/2026 Counter-Received Lease. Mising Deed of Trust and Riders. - Due Diligence Vendor-05/28/2026 Ready for Review-Document Uploaded. Per title, since it's a coop there's no deed. Stock and proprietary lease was provided - Buyer-05/26/2026 Open-The Deed of Trust is Missing -----DOT is missing from loan doc. Please provide. Subject is a Co-Operative Unit, lender to clarify if they have a recorded security instrument. - Due Diligence Vendor-05/13/2026 |
Resolved-UCC filing and Certificate was provided as the subject is part of a Co-op- There would not be a DOT or riders recorded. condition resolved - Due Diligence Vendor-06/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 743 LTV is less than guideline maximum - Required is 75 Borrower has 49.36 Months Reserves exceed minimum required - Reserves: 59 Min 12 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305129707 | D | A | D | A | A | A | A | A | Closed | FCRE7777 | 2026-05-15 12:17 | 2026-05-28 11:23 | Resolved | 1 - Information | C | A | Credit | Eligibility | Coop documentations issue | Resolved-Received co- op financial statement, lease, and email confirmation for number of units sold and reserves. Alternate condition included lease included vested business name. - Due Diligence Vendor-05/28/2026 Ready for Review-Document Uploaded. Co-op documents - Buyer-05/26/2026 Open-Missing the following documentation and/or clarification regarding subject Cooperative Unit: Board Approval, including, but not limited to permissible subleases and restrictions; Pro Rata meeting lender requirements, as applicable, with total project shares; Other findings may apply. - Due Diligence Vendor-05/15/2026 |
Resolved-Received co- op financial statement, lease, and email confirmation for number of units sold and reserves. Alternate condition included lease included vested business name. - Due Diligence Vendor-05/28/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 743 LTV is less than guideline maximum - Required is 75 Borrower has 49.36 Months Reserves exceed minimum required - Reserves: 59 Min 12 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305129676 | D | A | D | A | A | A | A | A | Closed | FCRE1173 | 2026-05-18 08:36 | 2026-05-20 15:31 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Condo Master Insurance Policy is Missing | Resolved-Received Condo Master Insurance Policy - Due Diligence Vendor-05/20/2026 Ready for Review-Document Uploaded. - Seller-05/19/2026 Open-Missing Condo Master Insurance Policy Missing Condo Master Policy - Due Diligence Vendor-05/18/2026 |
Ready for Review-Document Uploaded. - Seller-05/19/2026 |
Resolved-Received Condo Master Insurance Policy - Due Diligence Vendor-05/20/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 792 Required is 700 Borrower has 792 DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.011 Required is 0.8 Borrower has 1.011 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305129645 | B | B | A | A | B | B | A | A | Closed | FCOM1301 | 2026-05-15 09:20 | 2026-05-26 11:25 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Home Loan Toolkit is Missing | Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-05/15/2026 | Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-05/15/2026 |
Months Reserves exceed minimum required - Reserves = 244.04 months – Required Reserves = 3 Months Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 811 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | XXXX | |||
| XXXX | XXXX | 305129611 | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2026-05-18 11:53 | 2026-05-21 10:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received GAP Report for Borrower 1. - Due Diligence Vendor-05/20/2026 Ready for Review-Document Uploaded. Supporting Document - Buyer-05/19/2026 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-05/18/2026 |
Resolved-Received GAP Report for Borrower 1. - Due Diligence Vendor-05/20/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 80 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrowers have 12+ months Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 776 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305129611 | D | A | D | A | A | A | A | A | Closed | FCRE5783 | 2026-05-18 11:53 | 2026-05-21 10:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Gap Credit Report is Missing | Resolved-Received Borrower 2 Gap Credit Report - Due Diligence Vendor-05/21/2026 Ready for Review-Document Uploaded. The coborr info starts on page 3 - Buyer-05/21/2026 Counter-Received duplicate GAP report for B1. Missing GAP report for XXXX. - Due Diligence Vendor-05/20/2026 Ready for Review-Document Uploaded. Supporting Document - Buyer-05/19/2026 Open-Borrower 2 Gap Credit Report is Missing - Due Diligence Vendor-05/18/2026 |
Resolved-Received Borrower 2 Gap Credit Report - Due Diligence Vendor-05/21/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 80 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrowers have 12+ months Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 776 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305129611 | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2026-05-15 09:34 | 2026-05-20 16:12 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Deed of Trust with Legal Description. - Due Diligence Vendor-05/20/2026 Ready for Review-Document Uploaded. Supporting Document - Buyer-05/19/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing attached legal description - Due Diligence Vendor-05/15/2026 |
Resolved-Received Deed of Trust with Legal Description. - Due Diligence Vendor-05/20/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 80 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrowers have 12+ months Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 776 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305129662 | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2026-05-19 08:56 | 2026-05-19 08:56 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material findings - Due Diligence Vendor-05/19/2026 | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material findings - Due Diligence Vendor-05/19/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 76.13 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 730 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Investor Post-Close | No | XXXX | |||
| XXXX | XXXX | 305129658 | C | A | C | A | A | A | A | A | Closed | FCRE6844 | 2026-05-21 14:00 | 2026-05-28 12:46 | Resolved | 1 - Information | C | A | Credit | Assets | Gift Funds General | Resolved-Received Wire confirmation of $500k from XXXX. - Due Diligence Vendor-05/28/2026 Ready for Review-Document Uploaded. Supporting Document - Buyer-05/26/2026 Open-Confirmation of where Gift Funds in the amount of $500,000 came from not provided. - Due Diligence Vendor-05/21/2026 |
Resolved-Received Wire confirmation of $500k from XXXX. - Due Diligence Vendor-05/28/2026 |
LTV is less than guideline maximum - Required is 90 Borrower has 15.36 Qualifying DTI below maximum allowed - Required is 50 Borrower has 31.27 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 794 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305108469 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305108566 | D | B | D | B | C | A | A | A | Closed | FCRE1491 | 2026-05-26 12:46 | 2026-06-09 14:24 | Resolved | 1 - Information | C | A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-06/09/2026 Ready for Review-Document Uploaded. final funds and Final CD - Buyer-06/05/2026 Counter-Received gift letter reflecting total gift of $183,000. Received final CD reflecting total gift funds $184,615.51 on L 05. Provide clarification PCCD or amended gift letter. - Due Diligence Vendor-06/04/2026 Ready for Review-Document Uploaded. 1.gift letter matches final CD 2. final CD shows 25,500 and 157,500 - Seller-06/02/2026 Open-Asset Qualification Does Not Meet Guideline Requirements The final CD indicates a gift of $184,615.51; however, the file only contains gift funds of $183,000. Provide a gift letter for the remaining gift amount of $1,615.51. - Due Diligence Vendor-05/26/2026 |
Ready for Review-Document Uploaded. 1.gift letter matches final CD 2. final CD shows 25,500 and 157,500 - Seller-06/02/2026 |
Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-06/09/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 762 Months Reserves exceed minimum required - 17 months PITIA reserves; 6 months reserves required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108566 | D | B | D | B | C | A | A | A | Closed | finding-3617 | 2026-05-21 07:57 | 2026-06-09 12:01 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID Initial Closing Disclosure Date and Funding Date Validation Test | Resolved-Received PCCD XXXX. Finding Resolved. - Due Diligence Vendor-06/09/2026 Ready for Review-Document Uploaded. 1. Cover letter for Final PCCD 2. Final PCCD to clear remaining 2 findings - Seller-06/09/2026 Counter-Please provide a PCCD dated after the closing on XXXX, which includes the new loan calculations due to the decrease in interest paid at closing. Finding Remains. - Due Diligence Vendor-06/08/2026 Ready for Review-Document Uploaded. final funds and Final CD - Seller-06/08/2026 Counter-Please provide PCCD from closing that matched the settlement statement XXXX due to fee amounts changing. - Due Diligence Vendor-06/03/2026 Ready for Review-Document Uploaded. final CD shows 25,500 and 157,500 TRID documents - Seller-06/02/2026 Open-This loan failed the TRID closing disclosure date and funding date validation test.This loan contains a closing disclosure receipt date (or closing disclosure delivery date if receipt date was not provided) that is after the funding date. Please review the loan data to ensure the dates are in the correct fields. -----Final CD shows disbursement date of XXXX, but closing date is XXXX. Provide evidence the loan did not disburse prior to closing. - Due Diligence Vendor-05/21/2026 |
Ready for Review-Document Uploaded. 1. Cover letter for Final PCCD 2. Final PCCD to clear remaining 2 findings - Seller-06/09/2026 Ready for Review-Document Uploaded. final funds and Final CD - Seller-06/08/2026 Ready for Review-Document Uploaded. final CD shows 25,500 and 157,500 TRID documents - Seller-06/02/2026 |
Resolved-Received PCCD XXXX. Finding Resolved. - Due Diligence Vendor-06/09/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 762 Months Reserves exceed minimum required - 17 months PITIA reserves; 6 months reserves required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108566 | D | B | D | B | C | A | A | A | Closed | finding-3939 | 2026-05-21 07:57 | 2026-06-03 13:43 | Resolved | 1 - Information | C | A | Compliance | ComplianceEase | TRID Rate Lock Disclosure Delivery Date Test | Resolved-Received LE XXXX. Finding Resolved. - Due Diligence Vendor-06/03/2026 Ready for Review-Document Uploaded. final CD shows 25,500 and 157,500 TRID documents - Buyer-06/02/2026 Open-This loan failed the TRID Rate Lock Disclosure Delivery Date Test. (12 CFR §1026.19(e)(3)(iv)(D))A disclosure advising of the revised interest rate, points, lender credits, and any other interest rate dependent charges and terms was not provided to the borrower within three business days after the interest rate was locked on XXXX. -----Missing initial LE dated within 3 days of Application date, XXXX. Additional Findings may apply upon receipt. - Due Diligence Vendor-05/21/2026 |
Resolved-Received LE XXXX. Finding Resolved. - Due Diligence Vendor-06/03/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 762 Months Reserves exceed minimum required - 17 months PITIA reserves; 6 months reserves required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305108566 | D | B | D | B | C | A | A | A | Closed | finding-3634 | 2026-05-21 07:57 | 2026-06-03 13:43 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received LE XXXX. Finding Resolved. - Due Diligence Vendor-06/03/2026 Ready for Review-Document Uploaded. final CD shows 25,500 and 157,500 TRID documents - Seller-06/02/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $14,226.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Missing initial LE dated within 3 days of Application date, XXXX. Additional Findings may apply upon receipt. - Due Diligence Vendor-05/21/2026 |
Ready for Review-Document Uploaded. final CD shows 25,500 and 157,500 TRID documents - Seller-06/02/2026 |
Resolved-Received LE XXXX. Finding Resolved. - Due Diligence Vendor-06/03/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 762 Months Reserves exceed minimum required - 17 months PITIA reserves; 6 months reserves required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108566 | D | B | D | B | C | A | A | A | Closed | finding-3635 | 2026-05-21 07:57 | 2026-06-03 13:43 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Received LE XXXX. Finding Resolved. - Due Diligence Vendor-06/03/2026 Ready for Review-Document Uploaded. final CD shows 25,500 and 157,500 TRID documents - Seller-06/02/2026 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($210.00) exceed the comparable charges ($0.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Missing initial LE dated within 3 days of Application date, XXXX. Additional Findings may apply upon receipt. - Due Diligence Vendor-05/21/2026 |
Ready for Review-Document Uploaded. final CD shows 25,500 and 157,500 TRID documents - Seller-06/02/2026 |
Resolved-Received LE XXXX. Finding Resolved. - Due Diligence Vendor-06/03/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 762 Months Reserves exceed minimum required - 17 months PITIA reserves; 6 months reserves required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108566 | D | B | D | B | C | A | A | A | Closed | finding-3515 | 2026-05-21 07:57 | 2026-06-03 13:43 | Resolved | 1 - Information | C | A | Compliance | TRID | Initial Loan Estimate Delivery Date Test (from application) | Resolved-Received LE XXXX. Finding Resolved. - Due Diligence Vendor-06/03/2026 Ready for Review-Document Uploaded. TRID documents - Seller-06/02/2026 Open-This loan failed the initial loan estimate delivery date test (from application) due to one of the following: ( 12 CFR §1026.19(e)(1)(iii)(A) )The initial loan estimate delivery date is later than the third business day (counting days on which the creditor's offices are open to the public for carrying on substantially all of its business functions) after the creditor or broker receives the consumer's written application.Therefore, if additional disclosures are entered into ComplianceAnalyzer, any values that would change under a valid changed circumstance if the initial loan estimate had been delivered timely, will not reset the baseline for tolerance purposes. The comparable fees for this loan will be $0, regardless of the actual values on the disclosure.This calculation takes into account a user-submitted designation of the days that the creditor's office will be deemed to be open or not open for carrying on substantially all of its business functions, as described in §1026.2(a)(6) and as it relates to §1026.19(e)(1)(iii)(A) (initial loan estimate disclosure three business days after application). This test excluded the following days from the business day count based on the client preferences configured on the company settings business days profile page:NoneThe creditor shall deliver or place in the mail the disclosures required under §1026.19(e)(1)(i) (provision of loan estimate form) not later than the third business day after the creditor receives the consumer's application. -----Missing initial LE dated within 3 days of Application date, XXXX. Additional Findings may apply upon receipt. statute of Limitations - 1 year, expiration date XXXX. - Due Diligence Vendor-05/21/2026 |
Ready for Review-Document Uploaded. TRID documents - Seller-06/02/2026 |
Resolved-Received LE XXXX. Finding Resolved. - Due Diligence Vendor-06/03/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 762 Months Reserves exceed minimum required - 17 months PITIA reserves; 6 months reserves required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305108566 | D | B | D | B | C | A | A | A | Closed | FCRE8126 | 2026-05-22 09:24 | 2026-05-29 16:49 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Minimum contribution amount not met | Waived-Client provided a waiver for minimum contribution requirements, applied to non material finding with comp factors - Due Diligence Vendor-05/29/2026 Ready for Review-Document Uploaded. Exception and approval - Seller-05/28/2026 Open-Exception requires for rent free - borrower must have 10% contribution. Borrower has the 10% but is not using it for the down payment. The down payment is a gift and borrower will have more than the required reserves. Exception approval in loan file. - Due Diligence Vendor-05/22/2026 |
Ready for Review-Document Uploaded. Exception and approval - Seller-05/28/2026 |
Waived-Client provided a waiver for minimum contribution requirements, applied to non material finding with comp factors - Due Diligence Vendor-05/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 762 Months Reserves exceed minimum required - 17 months PITIA reserves; 6 months reserves required. |
FICO 762 DTI 40% Reserves 17mon. Stable self employed. XXXX over 2yrs. Credit Profile: 762 fico score, no public records or credit events oldest trade from 4/29/21 There will be an Exception LLPA hit of 0.25 that will apply for this specific exception. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | XXXX |
| XXXX | XXXX | 305108566 | D | B | D | B | C | A | A | A | Closed | FCRE1325 | 2026-05-22 08:43 | 2026-05-29 16:47 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Borrower 1 CPA Letter Provided - Due Diligence Vendor-05/29/2026 Ready for Review-Document Uploaded. CPA letter - Seller-05/28/2026 Open-Borrower 1 CPA Letter Missing Provide CPA letter to verify self-employment for a minimum of 2 years and percentage of ownership - Due Diligence Vendor-05/26/2026 |
Ready for Review-Document Uploaded. CPA letter - Seller-05/28/2026 |
Resolved-Borrower 1 CPA Letter Provided - Due Diligence Vendor-05/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 762 Months Reserves exceed minimum required - 17 months PITIA reserves; 6 months reserves required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305129657 | D | A | D | A | A | A | A | A | Closed | FCRE1506 | 2026-05-22 10:26 | 2026-05-29 15:07 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-05/27/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing documentation of business expense ratio and VOE. - Due Diligence Vendor-05/22/2026 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-05/27/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 71.18 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 744 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305129657 | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2026-05-22 09:56 | 2026-05-27 10:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Operating agreement and business search SOS in XXXX were in file and met guidelines. - Due Diligence Vendor-05/27/2026 Open-Borrower 1 3rd Party VOE Prior to Close Missing A 3rd party verification that the business is in existence, in good standing and active is required. A signed, written statement from a CPA or a Third-Party Tax Preparer is permitted for verification (PTIN and ASFP tax preparers are only permitted when the PTIN or ASFP preparer woks for a 3rd party firm). - Due Diligence Vendor-05/22/2026 |
Resolved-Operating agreement and business search SOS in XXXX were in file and met guidelines. - Due Diligence Vendor-05/27/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 71.18 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 744 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305129657 | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2026-05-22 09:52 | 2026-05-27 10:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Operating agreement and business search SOS in XXXX were in file and met guidelines. - Due Diligence Vendor-05/27/2026 Open-Borrower 1 CPA Letter Missing - Due Diligence Vendor-05/26/2026 |
Resolved-Operating agreement and business search SOS in XXXX were in file and met guidelines. - Due Diligence Vendor-05/27/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 71.18 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 744 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305129684 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305137805 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305145438 | C | A | C | A | C | A | A | A | Closed | FCRE1506 | 2026-05-29 16:04 | 2026-08-24 09:31 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-08/24/2026 Resolved-Received VOR 0x30 - Due Diligence Vendor-06/10/2026 Ready for Review-Document Uploaded. All items provided, Please clear - Seller-06/08/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. A Verification of Rent (VOR) is required to support housing payment history and will be reviewed for delinquencies over the most recent 12 months. - Due Diligence Vendor-05/29/2026 |
Ready for Review-Document Uploaded. All items provided, Please clear - Seller-06/08/2026 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-08/24/2026 Resolved-Received VOR 0x30 - Due Diligence Vendor-06/10/2026 |
Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 778 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 27.36 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 53.57 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145438 | C | A | C | A | C | A | A | A | Closed | FCRE1510 | 2026-05-27 09:37 | 2026-06-10 11:58 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description.. Received VOR 0x30 - Due Diligence Vendor-06/10/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/08/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing attached legal description - Due Diligence Vendor-05/27/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-06/08/2026 |
Resolved-Received complete security instrument inclusive of legal description.. Received VOR 0x30 - Due Diligence Vendor-06/10/2026 |
Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 778 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 27.36 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 53.57 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145438 | C | A | C | A | C | A | A | A | Closed | FCRE1440 | 2026-05-28 14:54 | 2026-06-10 11:58 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOR 0x30 - Due Diligence Vendor-06/10/2026 Ready for Review-Document Uploaded. Lender notes subject property is owned 1 month free and clear and prior primary located at XXXX, VOR reflects never late. - Seller-06/08/2026 Open-Housing History Does Not Meet Guideline Requirements A Verification of Rent (VOR) is required to support housing payment history and will be reviewed for delinquencies over the most recent 12 months. - Due Diligence Vendor-05/28/2026 |
Ready for Review-Document Uploaded. Lender notes subject property is owned 1 month free and clear and prior primary located at XXXX, VOR reflects never late. - Seller-06/08/2026 |
Resolved-Received VOR 0x30 - Due Diligence Vendor-06/10/2026 |
Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 778 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 27.36 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 53.57 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145438 | C | A | C | A | C | A | A | A | Closed | finding-3652 | 2026-05-27 10:41 | 2026-06-03 08:51 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received explanation that lender credit decreased with guideline COC, fees were not broken down on COC. Finding Resolved. - Due Diligence Vendor-06/03/2026 Ready for Review-Document Uploaded. The lender credit decreased from $5625 to a cost of $18750 due to the APV and a cost of $24375- see attached There is a $400 cure applied- see attached - Seller-06/02/2026 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($400.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($5,625.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Lender credit decreased from $5,625.00 to $400.00 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $5,225.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-05/27/2026 |
Ready for Review-Document Uploaded. The lender credit decreased from $5625 to a cost of $18750 due to the APV and a cost of $24375- see attached There is a $400 cure applied- see attached - Seller-06/02/2026 |
Resolved-Received explanation that lender credit decreased with guideline COC, fees were not broken down on COC. Finding Resolved. - Due Diligence Vendor-06/03/2026 |
Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 778 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 27.36 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 53.57 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145438 | C | A | C | A | C | A | A | A | Closed | finding-3634 | 2026-05-27 10:41 | 2026-06-03 08:51 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received explanation that increased with guideline COC, fees were not broken down on COC. $400 lender credit on Final CD for other. Finding Resolved. - Due Diligence Vendor-06/03/2026 Ready for Review-See previous condition and docs provided - Seller-06/02/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $10,400.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Zero (0%) tolerance fees increased by $10,400.00 (Points, Appraisal Field Review Fee) without a valid COC in file. Final CD includes a Lender credit of $400.00 for increase in closing cost above legal limit. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $10,000.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-05/27/2026 |
Ready for Review-See previous condition and docs provided - Seller-06/02/2026 |
Resolved-Received explanation that increased with guideline COC, fees were not broken down on COC. $400 lender credit on Final CD for other. Finding Resolved. - Due Diligence Vendor-06/03/2026 |
Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 778 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 27.36 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 53.57 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305129667 | C | B | C | B | C | A | A | A | Closed | FCRE1297 | 2026-05-29 15:09 | 2026-08-24 12:42 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Income 6 Months Income Verified is Missing | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/29/2026 Open-6 months of statements required for asset depletion - Due Diligence Vendor-05/29/2026 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 733 LTV is less than guideline maximum - Required is 80 Borrower has 75 Credit history exceeds minimum required - 0x30 for 48 month mortgage history Months Reserves exceed minimum required - 11 months reserves documented, 3 months required |
Credit score, credit history 0x30x101 mtg, credit profile (Low usage /lower pymts) | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | XXXX | ||
| XXXX | XXXX | 305129667 | C | B | C | B | C | A | A | A | Closed | finding-3625 | 2026-05-28 11:45 | 2026-06-01 14:46 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" Validation Test | Resolved-Received PCCD XXXX correcting payee in Section B. Finding Resolved. - Due Diligence Vendor-06/01/2026 Ready for Review-Document Uploaded. Supporting Document - Buyer-06/01/2026 Open-This loan failed the TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" validation test.This loan contains a fee or fees where "compensation to" is set to the lender or broker but this fee or fees should not be retained by the lender or broker."Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" should contain an itemization of each amount, and a subtotal of all such amounts, the consumer will pay for settlement services for which the consumer cannot shop in accordance with Regulation Z and that are provided by persons other than the creditor or mortgage broker. -----Tax Service in section B is payable to Lender/Broker however, fees paid to Lender or Broker must be in section A. If the fee is to remain in section B, it must state FBO (for the benefit of) to said Vendor. Provide a post close CD with correction within 60 days of discovery date. Statute of Limitations - 1 year, expiration date XXXX. - Due Diligence Vendor-05/28/2026 |
Resolved-Received PCCD XXXX correcting payee in Section B. Finding Resolved. - Due Diligence Vendor-06/01/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 733 LTV is less than guideline maximum - Required is 80 Borrower has 75 Credit history exceeds minimum required - 0x30 for 48 month mortgage history Months Reserves exceed minimum required - 11 months reserves documented, 3 months required |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305129702 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305129577 | D | A | C | A | D | A | A | A | Closed | FCRE6618 | 2026-06-02 12:10 | 2026-06-02 14:39 | Resolved | 1 - Information | C | A | Credit | Borrower | Borrower information on 1003 is incomplete | Resolved- Lender omitted XXXX from borrower's loan application which is tied to a mortgage on borrower's credit report. Lender provided 12 months bank statements from an unrelated individual showing consistent payments of the mortgage by a third party. . Interestate Contingent Liability Guidelines does permit exclusion - Due Diligence Vendor-06/02/2026 Open-*NEW* Received corrected final 1003 reflecting reo XXXX included but not considering liability. Provide acceptable confirmation of omission of REO expense. Additional conditions may apply - Due Diligence Vendor-06/02/2026 |
Resolved- Lender omitted XXXX from borrower's loan application which is tied to a mortgage on borrower's credit report. Lender provided 12 months bank statements from an unrelated individual showing consistent payments of the mortgage by a third party. . Interestate Contingent Liability Guidelines does permit exclusion - Due Diligence Vendor-06/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 740 LTV is less than guideline maximum - Required is 80 Borrower has 36.76 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.43 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305129577 | D | A | C | A | D | A | A | A | Closed | FCRE1506 | 2026-06-01 08:29 | 2026-06-02 14:39 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved- Lender omitted XXXX from borrower's loan application which is tied to a mortgage on borrower's credit report. Lender provided 12 months bank statements from an unrelated individual showing consistent payments of the mortgage by a third party. . XXXX Guidelines does permit exclusion - Due Diligence Vendor-06/02/2026 Counter- Received corrected final 1003 reflecting reo XXXX included but not considering liability. Provide acceptable confirmation of omission of REO expense. Additional conditions may apply - Due Diligence Vendor-06/02/2026 Ready for Review-Document Uploaded. Supporting Document - Seller-06/01/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. The Final 1003 is Incomplete Missing property not disclosed on borrower's loan application that correlates to the non-subject mortgage account on borrower's credit report. Other findings may apply. - Due Diligence Vendor-06/01/2026 |
Ready for Review-Document Uploaded. Supporting Document - Seller-06/01/2026 |
Resolved- Lender omitted XXXX from borrower's loan application which is tied to a mortgage on borrower's credit report. Lender provided 12 months bank statements from an unrelated individual showing consistent payments of the mortgage by a third party. . XXXX Guidelines does permit exclusion - Due Diligence Vendor-06/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 740 LTV is less than guideline maximum - Required is 80 Borrower has 36.76 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.43 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305129577 | D | A | C | A | D | A | A | A | Closed | FCOM1233 | 2026-05-29 20:16 | 2026-06-02 12:00 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-The Final 1003 is Present - Due Diligence Vendor-06/02/2026 Ready for Review-Document Uploaded. Supporting Document - Seller-06/01/2026 Open-The Final 1003 is Incomplete Missing property not disclosed on borrower's loan application that correlates to the non-subject mortgage account on borrower's credit report. Other findings may apply. - Due Diligence Vendor-05/30/2026 |
Ready for Review-Document Uploaded. Supporting Document - Seller-06/01/2026 |
Resolved-The Final 1003 is Present - Due Diligence Vendor-06/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 740 LTV is less than guideline maximum - Required is 80 Borrower has 36.76 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.43 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305129577 | D | A | C | A | D | A | A | A | Closed | finding-3939 | 2026-05-29 08:13 | 2026-06-02 11:41 | Resolved | 1 - Information | C | A | Compliance | ComplianceEase | TRID Rate Lock Disclosure Delivery Date Test | Resolved-Received COC and LE XXXX. Finding Resolved. - Due Diligence Vendor-06/02/2026 Ready for Review-Document Uploaded. Supporting Document - Buyer-06/01/2026 Open-This loan failed the TRID Rate Lock Disclosure Delivery Date Test. (12 CFR §1026.19(e)(3)(iv)(D))A disclosure advising of the revised interest rate, points, lender credits, and any other interest rate dependent charges and terms was not provided to the borrower within three business days after the interest rate was locked on XXXX. ----- Disclosure advising borrower of revised interest rate and any interest rate dependent charges was not delivered within three business days after the interest rate was locked. Statute of Limitations - 3 Years, expiration date XXXX. - Due Diligence Vendor-05/29/2026 |
Resolved-Received COC and LE XXXX. Finding Resolved. - Due Diligence Vendor-06/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 740 LTV is less than guideline maximum - Required is 80 Borrower has 36.76 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.43 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305129577 | D | A | C | A | D | A | A | A | Closed | finding-3634 | 2026-05-29 08:13 | 2026-06-02 11:41 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received COC and LE XXXX. Finding Resolved. - Due Diligence Vendor-06/02/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $2,000.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Zero (0%) tolerance fees increased by $2,000.00 (Origination Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $2,000.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX. (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date:XXXX remains EV3C - Due Diligence Vendor-05/29/2026 |
Resolved-Received COC and LE XXXX. Finding Resolved. - Due Diligence Vendor-06/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 740 LTV is less than guideline maximum - Required is 80 Borrower has 36.76 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.43 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305129617 | D | B | A | A | D | B | A | A | Closed | FCOM1266 | 2026-05-29 08:26 | 2026-06-10 09:56 | Waived | 2 - Non-Material | D | B | Compliance | Missing Doc | Homeownership Counseling Disclosure Is Missing | Waived-Statute of Limitations - 1 Year(s); Expiration Date:XXXX. - Due Diligence Vendor-06/01/2026 Open-Homeownership Counseling Disclosure Is Missing Please provide Homeownership Counseling Disclosure provided to borrower within three business days of application date. Statute of Limitations - 1 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-05/29/2026 |
Waived-Statute of Limitations - 1 Year(s); Expiration Date: XXXX. - Due Diligence Vendor-06/01/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 732 LTV is less than guideline maximum - Required is 85 Borrower has 36.72 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | XXXX | |||
| XXXX | XXXX | 305129617 | D | B | A | A | D | B | A | A | Closed | finding-3634 | 2026-05-29 08:46 | 2026-06-03 09:58 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received COC for increase in fees. Finding Resolved. - Due Diligence Vendor-06/03/2026 Ready for Review-Document Uploaded. Please see attached COC. - Buyer-06/02/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $50.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $50.00 (Appraisal Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $50.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-05/29/2026 |
Resolved-Received COC for increase in fees. Finding Resolved. - Due Diligence Vendor-06/03/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 732 LTV is less than guideline maximum - Required is 85 Borrower has 36.72 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305129617 | D | B | A | A | D | B | A | A | Closed | FCOM5135 | 2026-05-29 08:26 | 2026-05-29 08:26 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client Waiver applied to non-material Findings. - Due Diligence Vendor-05/29/2026 | Waived-Required Affiliated Business Disclosure Missing Client Waiver applied to non-material Findings. - Due Diligence Vendor-05/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 732 LTV is less than guideline maximum - Required is 85 Borrower has 36.72 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | XXXX | |||
| XXXX | XXXX | 305145194 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305145428 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305145372 | C | A | C | A | A | A | A | A | Closed | FCRE1206 | 2026-06-01 17:25 | 2026-06-16 12:55 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received updated Fraud Report. - Due Diligence Vendor-06/16/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/13/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Provide check for Underwriter(s) on the Exclusionary List - Due Diligence Vendor-06/01/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-06/13/2026 |
Resolved-Received updated Fraud Report. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 745 Qualifying DTI below maximum allowed - Required is 50 Borrower has 21.24 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145372 | C | A | C | A | A | A | A | A | Closed | FCRE1205 | 2026-06-01 17:25 | 2026-06-16 12:55 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received updated Fraud Report. - Due Diligence Vendor-06/16/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/13/2026 Open-OFAC Check Not Completed and/or Cleared Provide OFAC check for Underwriter(s). - Due Diligence Vendor-06/01/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-06/13/2026 |
Resolved-Received updated Fraud Report. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 745 Qualifying DTI below maximum allowed - Required is 50 Borrower has 21.24 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145372 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2026-05-29 17:14 | 2026-06-10 14:11 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/10/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/09/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing attached legal description - Due Diligence Vendor-05/29/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-06/09/2026 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/10/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 745 Qualifying DTI below maximum allowed - Required is 50 Borrower has 21.24 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145292 | C | A | C | A | C | A | A | A | Closed | finding-3352 | 2026-06-01 08:14 | 2026-06-05 13:58 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/02/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-06/01/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/02/2026 |
Credit history exceeds minimum required - Credit history exceeds minimum required by 0x30>than 18 months. Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 755 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305145292 | C | A | C | A | C | A | A | A | Closed | finding-3652 | 2026-06-01 08:14 | 2026-06-05 13:58 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received explanation that Interest rate update COC caused lender credit to decrease, was not specifically listed on COC. Finding Resolved. - Due Diligence Vendor-06/05/2026 Ready for Review-Document Uploaded. attached is the coc for origintion credit reduction , and supplemental evidence, though its documented on the coc - Seller-06/05/2026 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($5,994.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Lender credit decreased from $5,994.00 to $00.00without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $5,994.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C. - Due Diligence Vendor-06/01/2026 |
Ready for Review-Document Uploaded. attached is the coc for origintion credit reduction , and supplemental evidence, though its documented on the coc - Seller-06/05/2026 |
Resolved-Received explanation that Interest rate update COC caused lender credit to decrease, was not specifically listed on COC. Finding Resolved. - Due Diligence Vendor-06/05/2026 |
Credit history exceeds minimum required - Credit history exceeds minimum required by 0x30>than 18 months. Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 755 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145292 | C | A | C | A | C | A | A | A | Closed | FCRE1205 | 2026-06-02 09:40 | 2026-06-05 12:50 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-06/05/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2026 Open-OFAC Check Not Completed and/or Cleared for the Seller and Underwriter. - Due Diligence Vendor-06/02/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2026 |
Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-06/05/2026 |
Credit history exceeds minimum required - Credit history exceeds minimum required by 0x30>than 18 months. Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 755 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145268 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-01 21:15 | 2026-06-30 14:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Proof of the XXXX and XXXX payments provided. - Due Diligence Vendor-06/30/2026 Ready for Review-Document Uploaded. Please clear - Seller-06/30/2026 Counter-Provide XXXX pay history from XXXX for XXXX. Prior loan was with XXXX and 10 months pay history verified. - Due Diligence Vendor-06/30/2026 Ready for Review-Document Uploaded. Correct, XXXX Mortgage paid off with XXXX mortgage refi in XXXX, Credit reports no lates and two mortgage statements update showing payments made on time. documentation provided (Property profile for REO Unit XXXX is free & Clear) satisfies the 6.8 requirements. See attached and Please clear finding - Seller-06/30/2026 Counter-Received rent free letter for b1 for primary. per 6.8 " Experienced investors who provide verification of living rent free are acceptable provided they own any REOs with acceptable most recent 12 month mortgage financing history within last 3 years" Please provide pay history for XXXX : New XXXX xxXXXX as well as prior XXXX for which was refinanced on XXXX - Due Diligence Vendor-06/04/2026 Ready for Review-Document Uploaded. Please see attached living rent-free docs - Seller-06/03/2026 Open-Housing History Does Not Meet Guideline Requirements Missing mortgage history for borrower's primary residence. - Due Diligence Vendor-06/02/2026 |
Ready for Review-Document Uploaded. Please clear - Seller-06/30/2026 Ready for Review-Document Uploaded. Correct, XXXX Mortgage paid off with XXXX mortgage refi in XXXX, Credit reports no lates and two mortgage statements update showing payments made on time. documentation provided (Property profile for REO XXXX is free & Clear) satisfies the 6.8 requirements. See attached and Please clear finding - Seller-06/30/2026 Ready for Review-Document Uploaded. Please see attached living rent-free docs - Seller-06/03/2026 |
Resolved-Proof of the XXXX and XXXX payments provided. - Due Diligence Vendor-06/30/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 732 which exceeds the minimum of 660 Required is 660 Borrower has 732 LTV is less than guideline maximum - LTV of 75% is below the maximum of 80% allowed per guidelines Required is 80 Borrower has 75 DSCR =/> 1.00 and minimum is 0.85 or Less - Calculated DSCR of 1.809 which exceeds the minimum required of 0.75 Required is 0.75 Borrower has 1.809 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145268 | C | A | C | A | A | A | A | A | Closed | FCRE7009 | 2026-06-01 21:08 | 2026-06-04 14:50 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Property is located in XXXX - Due Diligence Vendor-06/04/2026 Ready for Review-Lender notes the XXXX Coverage Amount is more than the estimated replacement cost XXXX per appraisal which meet DSCR Guideline section 8.11 “Coverage should equal the lesser of: the replacement cost estimate (from the insurer or a third-party source such as XXXX), the estimated replacement cost from a recent appraisal, or the unpaid principal balance of the mortgage(s). “ therefore said Insurance amount for Subject Property is sufficient - Seller-06/03/2026 Open-Insufficient Coverage Amount for Insured Subject Property. HOI coverage is less than loan amount and RCE was not provided. - Due Diligence Vendor-06/02/2026 |
Ready for Review-Lender notes the XXXX Coverage Amount is more than the estimated replacement cost XXXX per appraisal which meet DSCR Guideline section 8.11 “Coverage should equal the lesser of: the replacement cost estimate (from the insurer or a third-party source such as XXXX), the estimated replacement cost from a recent appraisal, or the unpaid principal balance of the mortgage(s). “ therefore said Insurance amount for Subject Property is sufficient - Seller-06/03/2026 |
Resolved-Property is located in XXXX - Due Diligence Vendor-06/04/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 732 which exceeds the minimum of 660 Required is 660 Borrower has 732 LTV is less than guideline maximum - LTV of 75% is below the maximum of 80% allowed per guidelines Required is 80 Borrower has 75 DSCR =/> 1.00 and minimum is 0.85 or Less - Calculated DSCR of 1.809 which exceeds the minimum required of 0.75 Required is 0.75 Borrower has 1.809 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305145351 | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2026-06-03 09:37 | 2026-06-05 16:28 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received CPA letter. - Due Diligence Vendor-06/05/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/04/2026 Open-Borrower 1 CPA Letter Missing Provide missing CPA letter for secondary employment source verifying how long in business and percentage owned (XXXX) - Due Diligence Vendor-06/03/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/04/2026 |
Resolved-Received CPA letter. - Due Diligence Vendor-06/05/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 761 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.26 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145351 | D | A | D | A | A | A | A | A | Closed | FCRE1764 | 2026-06-03 11:55 | 2026-06-05 16:25 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Verification of Mortgage | Resolved-Received confirmation of XXXX loans. - Due Diligence Vendor-06/05/2026 Ready for Review-Document Uploaded. The subject DOT is the on the prelim which aligns with the payoff (see attached). The subject property is XXXX and that is XXXX loan XXXX being paid off. The other is XXXX with XXXX loan XXXX (see attached). - Seller-06/04/2026 Open-Property 3c (Other Unit): Provide clarifying LOX as to which unit XXXX Mtg XXXX secures, due to Mtg statement indicates Unit 1, which is the same as subject property and (subject unit 1 (Prop 3a) has only XXXX Mtg XXXX securing & being paid off with subject refi). - Due Diligence Vendor-06/03/2026 |
Ready for Review-Document Uploaded. The subject DOT is the on the prelim which aligns with the payoff (see attached). The subject property is XXXX and that is XXXX being paid off. The other is XXXX with XXXX (see attached). - Seller-06/04/2026 |
Resolved-Received confirmation of XXXX loans. - Due Diligence Vendor-06/05/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 761 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.26 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145341 | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2026-06-02 21:25 | 2026-06-02 23:33 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-06/03/2026 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $100000 The subject loan amount of XXXX is less than the guideline minimum of $100,000. A lender exception was requested and approved with compensating factors. - Due Diligence Vendor-06/03/2026 |
Waived-Originator waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-06/03/2026 |
Months Reserves exceed minimum required - 96.12 months of reserves exceeds the 6 months minimum required. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 766 |
DSCR Ratio over the minimum (DSCR is 1.36%, 1.0 is minimum) | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | N/A | XXXX | ||
| XXXX | XXXX | 305102349 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305145427 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305145291 | D | A | D | A | A | A | A | A | Closed | FCRE1307 | 2026-06-02 17:32 | 2026-06-26 12:41 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income 4 Income Trend is Decreasing | Resolved-Received corrected 1008, declining income LOE and 1003 - Due Diligence Vendor-06/26/2026 Ready for Review-Document Uploaded. See attached. - Seller-06/24/2026 Counter-Received revised 1003/1008 and income calc. reflecting B1 $65,973 b2 $35,100 ( lender reduced income 4 from $19,933 to $1,466.86/mo however condition remains. the LOX for reduction in income YTD for employer XXXX YTD $3205 does not support $19,93.33/mo and appears to have decline>20% from prior year(s) (5.8) . Please re- upload the LOX provided XXXX again for review. - Due Diligence Vendor-06/24/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/22/2026 Counter-Received 1003 reflecting total income and sources for B1 as $65,973. 1008 in file reflects total qualifying income of $94,176.74. Please clarify. - Due Diligence Vendor-06/18/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/16/2026 Counter-Received LOE regarding reduction in income. Review is unable to confirm qualifying income in total for B1. Please provide accurate 1003 reflecting qualifying income from each source that mirrors 1008 Provide wage income calculations to support. Additional conditions may apply. - Due Diligence Vendor-06/08/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/04/2026 Open-Income 4 Income Trend is Decreasing Missing explanation why XXXX income at XXXX has significantly decreased. The income of XXXX. Upon receipt additional information maybe required. - Due Diligence Vendor-06/02/2026 |
Ready for Review-Document Uploaded. See attached. - Seller-06/24/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/22/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/16/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/04/2026 |
Resolved-Received corrected 1008, declining income LOE and 1003 - Due Diligence Vendor-06/26/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680 Borrower has 778 Required is 680 Borrower has 778 Months Reserves exceed minimum required - 196 months verified>6 months required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145291 | D | A | D | A | A | A | A | A | Closed | FCRE8013 | 2026-06-02 21:28 | 2026-06-08 11:54 | Resolved | 1 - Information | C | A | Credit | Eligibility | Purchase Contract Issue | Resolved-Received Seller Counter offer with the correct sales price. - Due Diligence Vendor-06/08/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/04/2026 Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Provide final addendum showing sales price of XXXX. - Due Diligence Vendor-06/03/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/04/2026 |
Resolved-Received Seller Counter offer with the correct sales price. - Due Diligence Vendor-06/08/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680 Borrower has 778 Required is 680 Borrower has 778 Months Reserves exceed minimum required - 196 months verified>6 months required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145291 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2026-06-02 19:01 | 2026-06-04 17:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received RE Taxes - Due Diligence Vendor-06/04/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2026 Open-Missing the taxes for property 3c. Upon receipt additional information maybe required. - Due Diligence Vendor-06/02/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2026 |
Resolved-Received RE Taxes - Due Diligence Vendor-06/04/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 680 Borrower has 778 Required is 680 Borrower has 778 Months Reserves exceed minimum required - 196 months verified>6 months required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145277 | C | A | C | A | A | A | A | A | Closed | FCRE1206 | 2026-06-02 10:26 | 2026-06-04 14:14 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received Fraud Report w/All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-06/04/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Non Borrower was not included in Fraud Report search. - Due Diligence Vendor-06/02/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/03/2026 |
Resolved-Received Fraud Report w/All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-06/04/2026 |
Long term residence - Borrower lives at primary residence for 3 years Months Reserves exceed minimum required - Minm 3, Borrower has 42.06 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145199 | C | B | C | B | C | A | A | A | Closed | finding-3939 | 2026-06-01 13:43 | 2026-06-05 14:18 | Resolved | 1 - Information | C | A | Compliance | ComplianceEase | TRID Rate Lock Disclosure Delivery Date Test | Resolved-Lock was prior to application, initial LE was done within 3 days of application. Finding Resolved. - Due Diligence Vendor-06/05/2026 Ready for Review-App date was after lock date, which is allowable. Thus it was provided properly within app timefraemes. - Seller-06/05/2026 Open-This loan failed the TRID Rate Lock Disclosure Delivery Date Test. (12 CFR §1026.19(e)(3)(iv)(D))A disclosure advising of the revised interest rate, points, lender credits, and any other interest rate dependent charges and terms was not provided to the borrower within three business days after the interest rate was locked on XXXX. ----- Disclosure advising borrower of revised interest rate and any interest rate dependent charges was not delivered within three business days after the interest rate was locked. Statute of Limitations - 3 Years, expiration date XXXX. - Due Diligence Vendor-06/01/2026 |
Ready for Review-App date was after lock date, which is allowable. Thus it was provided properly within app timefraemes. - Seller-06/05/2026 |
Resolved-Lock was prior to application, initial LE was done within 3 days of application. Finding Resolved. - Due Diligence Vendor-06/05/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 722 Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.58 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305145199 | C | B | C | B | C | A | A | A | Closed | finding-3540 | 2026-06-01 13:43 | 2026-06-04 12:18 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-Received notification borrower received at closing. Finding Resolved. - Due Diligence Vendor-06/04/2026 Ready for Review-Document Uploaded. CD receipt:XXXX CD was informational , there was an APR reduction that was due to broker comp reduction. Previously disclosed CD not inaccurate calc, and no timeline reset, so this is in an informational CD . Even if it wasnt, this change occurred on XXXX per system evidence and was on the final CD that was signed XXXX (change received at or prior to consummation is in the regs) Lock date: Loan app date is XXXX. No regulation that mandates disclosures before an app date, This can occur, and should be cleared for this reason. - Seller-06/03/2026 Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"USPS First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. ------ CD XXXX is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-06/01/2026 |
Ready for Review-Document Uploaded. CD receipt: XXXX CD was informational , there was an APR reduction that was due to broker comp reduction. Previously disclosed CD not inaccurate calc, and no timeline reset, so this is in an informational CD . Even if it wasnt, this change occurred on XXXX per system evidence and was on the final CD that was signed XXXX (change received at or prior to consummation is in the regs) Lock date: Loan app date is XXXX. No regulation that mandates disclosures before an app date, This can occur, and should be cleared for this reason. - Seller-06/03/2026 |
Resolved-Received notification borrower received at closing. Finding Resolved. - Due Diligence Vendor-06/04/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 722 Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.58 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145199 | C | B | C | B | C | A | A | A | Closed | finding-3352 | 2026-06-01 13:43 | 2026-06-04 12:18 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/02/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-06/01/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 722 Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.58 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305145199 | C | B | C | B | C | A | A | A | Closed | FCRE1198 | 2026-06-02 12:57 | 2026-06-02 15:41 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-06/02/2026 Open-Audited Reserves of 6.96 month(s) are less than Guideline Required Reserves of 9 month(s) Lender Exception: Approved to use 6m reserves vs 9m reserves required per Matrix - Due Diligence Vendor-06/02/2026 |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-06/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 722 Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.58 |
1. 722 Fico (20 pts above minimum) 2. DTI 5% below max 3. 4 yrs on job |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | XXXX | 305145383 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305145415 | C | A | C | A | A | A | A | A | Closed | FCRE1206 | 2026-06-02 18:08 | 2026-06-08 11:31 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received Fraud Report with All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-06/08/2026 Ready for Review-Please see attached. - Seller-06/04/2026 Ready for Review-Document Uploaded. - Seller-06/04/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Provide checks on the Underwriter(s) on the Exclusionary List. - Due Diligence Vendor-06/02/2026 |
Ready for Review-Please see attached. - Seller-06/04/2026 Ready for Review-Document Uploaded. - Seller-06/04/2026 |
Resolved-Received Fraud Report with All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-06/08/2026 |
Months Reserves exceed minimum required - The Borrower has 33.86 months in reserves; required 6 months. Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 755 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145415 | C | A | C | A | A | A | A | A | Closed | FCRE1205 | 2026-06-02 18:08 | 2026-06-08 11:31 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received Fraud Report with OFAC Check Completed and Cleared - Due Diligence Vendor-06/08/2026 Ready for Review-Document Uploaded. Please see attached.. - Seller-06/04/2026 Open-OFAC Check Not Completed and/or Cleared Provide OFAC checks on the Underwriter(s). - Due Diligence Vendor-06/02/2026 |
Ready for Review-Document Uploaded. Please see attached.. - Seller-06/04/2026 |
Resolved-Received Fraud Report with OFAC Check Completed and Cleared - Due Diligence Vendor-06/08/2026 |
Months Reserves exceed minimum required - The Borrower has 33.86 months in reserves; required 6 months. Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 755 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145256 | C | A | C | A | A | A | A | A | Closed | FCRE1115 | 2026-06-04 10:07 | 2026-06-29 14:42 | Resolved | 1 - Information | C | A | Credit | Closing | Security Instrument Date is greater than current date | Resolved-Received confirmation from Settlement agent - Due Diligence Vendor-06/29/2026 Ready for Review-Document Uploaded. - Seller-06/25/2026 Ready for Review-The email from the Settlement agent with the Mortgage provided is attached as confirmation. Please clear. - Seller-06/25/2026 Counter-Mortgage with the Notary date changed provided, however the change was not acknowledged by the Notary. Finding remains. - Due Diligence Vendor-06/11/2026 Ready for Review-Document Uploaded. See attached. - Seller-06/09/2026 Open-Security Instrument Date is greater than the transaction date of XXXX Notary signature date is XXXX. Note and mortgage date is XXXX. - Due Diligence Vendor-06/04/2026 |
Ready for Review-Document Uploaded. - Seller-06/25/2026 Ready for Review-The email from the Settlement agent with the Mortgage provided is attached as confirmation. Please clear. - Seller-06/25/2026 Ready for Review-Document Uploaded. See attached. - Seller-06/09/2026 |
Resolved-Received confirmation from Settlement agent - Due Diligence Vendor-06/29/2026 |
Months Reserves exceed minimum required - 95 months reserves; 6 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Minimum required FICO is 700; Borrower has 753. Required is 700 Borrower has 753 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145220 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305145253 | D | B | D | A | C | B | A | A | Closed | FCRE5782 | 2026-06-05 08:10 | 2026-06-09 12:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received Gap report with no new inquiries are debt since original credit report. - Due Diligence Vendor-06/09/2026 Ready for Review-Document Uploaded. Lender notes said UDM monitoring is not required due to a credit refresh dated XXXX is within the 10 days requirement of the Note closed date XXXX, this does suffice. Please have this expedited to be cleared as soon as possible - Seller-06/05/2026 Open-Borrower 1 Gap Credit Report is Missing Provide missing Gap Credit Report. Monitoring not started. - Due Diligence Vendor-06/05/2026 |
Ready for Review-Document Uploaded. Lender notes said UDM monitoring is not required due to a credit refresh dated XXXX is within the 10 days requirement of the Note closed date XXXX, this does suffice. Please have this expedited to be cleared as soon as possible - Seller-06/05/2026 |
Resolved-Received Gap report with no new inquiries are debt since original credit report. - Due Diligence Vendor-06/09/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 42.19 Months Reserves exceed minimum required - The Borrower has 33.96 months in reserves; guideline requires 6 months. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145253 | D | B | D | A | C | B | A | A | Closed | finding-3352 | 2026-06-04 12:28 | 2026-06-05 12:54 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/05/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-06/04/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/05/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 42.19 Months Reserves exceed minimum required - The Borrower has 33.96 months in reserves; guideline requires 6 months. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305145253 | D | B | D | A | C | B | A | A | Closed | FCOM1302 | 2026-06-04 11:36 | 2026-06-04 11:36 | Waived | 2 - Non-Material | B | B | Compliance | Disclosure | Home Loan Toolkit Not Provided Within 3 Days of Application Date | Waived-The Home Loan Toolkit was not provided within 3 days of the Application Date (Number of Days Difference is '4'). Originator waiver applied to non-material Findings. - Due Diligence Vendor-06/04/2026 | Waived-The Home Loan Toolkit was not provided within 3 days of the Application Date (Number of Days Difference is '4'). Originator waiver applied to non-material Findings. - Due Diligence Vendor-06/04/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 42.19 Months Reserves exceed minimum required - The Borrower has 33.96 months in reserves; guideline requires 6 months. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | XXXX | |||
| XXXX | XXXX | 305145274 | D | A | C | A | D | A | A | A | Closed | FCRE1506 | 2026-06-08 12:18 | 2026-09-03 08:07 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-06/10/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/09/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Pending ATR designation due to missing CD. - Due Diligence Vendor-06/08/2026 |
Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/09/2026 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-06/10/2026 |
Qualifying DTI below maximum allowed - DTI of 31.5% is below the maximum allowed per guidelines of 45% Required is 45 Borrower has 31.5 Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 796 which exceeds the minimum of 720 Required is 720 Borrower has 795 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305145274 | D | A | C | A | D | A | A | A | Closed | FCOM1544 | 2026-06-04 15:31 | 2026-06-10 13:26 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Received full copy of final CD XXXX. Finding Resolved. - Due Diligence Vendor-06/10/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/09/2026 Open-TRID: Missing Final Closing Disclosure -----Final CD is missing page 2 showing all fees. Unable to test properly. Please provide Final CD showing fees. - Due Diligence Vendor-06/04/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/09/2026 |
Resolved-Received full copy of final CD XXXX. Finding Resolved. - Due Diligence Vendor-06/10/2026 |
Qualifying DTI below maximum allowed - DTI of 31.5% is below the maximum allowed per guidelines of 45% Required is 45 Borrower has 31.5 Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 796 which exceeds the minimum of 720 Required is 720 Borrower has 795 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305157134 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305129716 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305145370 | D | A | D | A | C | A | A | A | Closed | FCRE1316 | 2026-06-08 11:12 | 2026-06-24 11:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-After further review- the CPA letter provided is dated within 60 days of closing and verifies according to the XXXX- XXXX has maintained an active status since XXXX. - Due Diligence Vendor-06/24/2026 Counter-Received CPA letter w/ license #. CPA does note that they have not audited, reviewed or otherwise verified the information provided by the client, we are not in a position to make any conclusions or assurances regarding the accuracy or completeness of the information. CPA to explain this statement (how were taxes completed if the documents were not reviewed/verified) - Due Diligence Vendor-06/22/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/18/2026 Counter-Received CPA letter dated XXXX + verification. license; condition remains. GL 6.10.2 CPA Verification: • Attestation from a Certified Public Accountant (CPA), IRS Enrolled Agent (EA), CTEC registered tax preparer, PTIN holder, or Tax Attorney confirming they have filed or reviewed at least the previous year of tax returns. The letter must be signed and dated, include the preparer’s license number, and the preparer may not be an employee or relative of the borrower. Letter is signed but does not reflect preparer's license number. - Due Diligence Vendor-06/11/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/10/2026 Open-Borrower 1 3rd Party VOE Prior to Close Missing The underwriter must verify the current existence of the borrower’s business within 60 days of the Note date. Provide evidence within 60 days of note date. - Due Diligence Vendor-06/08/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/18/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/10/2026 |
Resolved-After further review- the CPA letter provided is dated within 60 days of closing and verifies according to the XXXX website- XXXX has maintained an active status since XXXX. - Due Diligence Vendor-06/24/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.63 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 807 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145370 | D | A | D | A | C | A | A | A | Closed | FCRE1506 | 2026-06-08 20:53 | 2026-06-24 11:22 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is now verified. - Due Diligence Vendor-06/24/2026 Counter-CPA to address a comment made, once received this finding should be able to be cleared - Due Diligence Vendor-06/22/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/18/2026 Counter-Pending receipt of income doc./ CPA letter. - Due Diligence Vendor-06/11/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/10/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing Jan Bank Statement; S/E business verification missing - Due Diligence Vendor-06/09/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/18/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/10/2026 |
Resolved-The Final Reviewed QM Status is now verified. - Due Diligence Vendor-06/24/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.63 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 807 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145370 | D | A | D | A | C | A | A | A | Closed | FCRE1325 | 2026-06-08 11:12 | 2026-06-22 12:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received CPA letter with License # included - Due Diligence Vendor-06/22/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/18/2026 Counter-Received CPA letter dated XXXX + verification. license; condition remains. GL 6.10.2 CPA Verification: • Attestation from a Certified Public Accountant (CPA), IRS Enrolled Agent (EA), CTEC registered tax preparer, PTIN holder, or Tax Attorney confirming they have filed or reviewed at least the previous year of tax returns. The letter must be signed and dated, include the preparer’s license number, and the preparer may not be an employee or relative of the borrower. Letter is signed but does not reflect preparer's license number. - Due Diligence Vendor-06/11/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/10/2026 Open-Borrower 1 CPA Letter Missing Provide missing CPA Letter. - Due Diligence Vendor-06/08/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/18/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/10/2026 |
Resolved-Received CPA letter with License # included - Due Diligence Vendor-06/22/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.63 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 807 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145370 | D | A | D | A | C | A | A | A | Closed | FCRE1206 | 2026-06-08 20:18 | 2026-06-22 12:21 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received updated Fraud Report, all clear - Due Diligence Vendor-06/22/2026 Ready for Review-Document Uploaded. AE is already included, see attached for seller/signors. - Seller-06/18/2026 Counter-Received Fraud/Drive report last run XXXX condition remains, missing signor obo seller and AE please add, rescore and resubmit for review. - Due Diligence Vendor-06/11/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/10/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Provide check for the Underwriter(s) on the Exclusionary List. - Due Diligence Vendor-06/09/2026 |
Ready for Review-Document Uploaded. AE is already included, see attached for seller/signors. - Seller-06/18/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/10/2026 |
Resolved-Received updated Fraud Report, all clear - Due Diligence Vendor-06/22/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.63 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 807 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145370 | D | A | D | A | C | A | A | A | Closed | FCRE1205 | 2026-06-08 20:18 | 2026-06-22 12:21 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received Updated Fraud Report, all clear - Due Diligence Vendor-06/22/2026 Ready for Review-Document Uploaded. AE is already included, see attached for seller/signors. - Seller-06/18/2026 Counter-Received Fraud/Drive report last run XXXX condition remains, missing signor obo seller and AE please add, rescore and resubmit for review. - Due Diligence Vendor-06/11/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/10/2026 Open-OFAC Check Not Completed and/or Cleared Provide OFAC check for Underwriter(s). - Due Diligence Vendor-06/09/2026 |
Ready for Review-Document Uploaded. AE is already included, see attached for seller/signors. - Seller-06/18/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/10/2026 |
Resolved-Received Updated Fraud Report, all clear - Due Diligence Vendor-06/22/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.63 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 807 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145370 | D | A | D | A | C | A | A | A | Closed | finding-3352 | 2026-06-05 12:51 | 2026-06-11 20:44 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/09/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-06/05/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/09/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.63 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 807 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305145370 | D | A | D | A | C | A | A | A | Closed | FCRE1342 | 2026-06-08 20:49 | 2026-06-11 15:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Business Bank Statements Missing | Resolved-Received XXXX statement for XXXX, supporting the deposits included for the month. - Due Diligence Vendor-06/11/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/10/2026 Open-Borrower 1 Business Bank Statements Missing Provide Missing XXXX Bank Statement ending in XXXX in the amount of $58,076.80. Additional conditions may be applied. - Due Diligence Vendor-06/09/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/10/2026 |
Resolved-Received XXXX statement for XXXX acct XXXX, supporting the deposits included for the month. - Due Diligence Vendor-06/11/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.63 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 807 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145402 | C | B | C | B | A | A | A | A | Closed | FCRE0970 | 2026-06-05 17:02 | 2026-06-10 15:10 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Appraisal has issues (credit) | Waived-Originator provided a waiver for non approved AMC, applied to non material finding with comp factors - Due Diligence Vendor-06/10/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/09/2026 Open-Exception to allow the use of appraisal with XXXX listed as lender with nonapproved AMC. The appraisal was ordered through non XXXX approved AMC. - Due Diligence Vendor-06/05/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/09/2026 |
Waived-Originator provided a waiver for non approved AMC, applied to non material finding with comp factors - Due Diligence Vendor-06/10/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Calculated DSCR of 1.218 which exceeds the minimum required of 0.8 Required is 0.8 Borrower has 1.218 Months Reserves exceed minimum required - Verified assets of 5.82 months exceeds the minimum required of 3 months. |
6 years at primary residence 24+ months credit history exceeds minimum required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | No | XXXX |
| XXXX | XXXX | 305145402 | C | B | C | B | A | A | A | A | Closed | FCRE1248 | 2026-06-05 16:40 | 2026-06-10 11:46 | Resolved | 1 - Information | C | A | Credit | Eligibility | Non-Arm's Length Transactions Not Allowed for Program | Resolved-Received gift letter reflecting relationship between buyer and seller. Mortgage statement present in file reflects as of XXXX prior mortgage XXXX confirming not in default satisfying GL 5.5 - Due Diligence Vendor-06/10/2026 Ready for Review-Document Uploaded. We respectfully disagree. The relationship between the seller and borrower are defined on the attached Gift of Equity Letter. No further statement is required. - Seller-06/08/2026 Open-Non-Arm's Length Transactions Not Allowed for Program Missing LOE describing relationship between buyer and seller. Mortgage statement in file showing subject property is not in default. - Due Diligence Vendor-06/05/2026 |
Ready for Review-Document Uploaded. We respectfully disagree. The relationship between the seller and borrower are defined on the attached Gift of Equity Letter. No further statement is required. - Seller-06/08/2026 |
Resolved-Received gift letter reflecting relationship between buyer and seller. Mortgage statement present in file reflects as of XXXX prior mortgage XXXX confirming not in default satisfying GL 5.5 - Due Diligence Vendor-06/10/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Calculated DSCR of 1.218 which exceeds the minimum required of 0.8 Required is 0.8 Borrower has 1.218 Months Reserves exceed minimum required - Verified assets of 5.82 months exceeds the minimum required of 3 months. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145212 | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2026-06-08 18:39 | 2026-06-12 09:39 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received tax preparer letter and certification. - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/09/2026 Open-Borrower 1 CPA Letter Missing The loan file is missing a CPA Letter verifying the existence of the borrower's business and if it is still active. Once received and reviewed, additional findings may apply. - Due Diligence Vendor-06/08/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/09/2026 |
Resolved-Received tax preparer letter and certification. - Due Diligence Vendor-06/12/2026 |
Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 1.97 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145305 | D | B | A | A | D | B | A | A | Closed | finding-3352 | 2026-06-05 15:11 | 2026-06-10 16:58 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan meets HPML requirements. - Due Diligence Vendor-06/10/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-06/05/2026 |
Resolved-Loan meets HPML requirements. - Due Diligence Vendor-06/10/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 746 Qualifying DTI below maximum allowed - Required is 50 Borrower has 36.46 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305145305 | D | B | A | A | D | B | A | A | Closed | FCOM1266 | 2026-06-05 14:45 | 2026-06-10 09:04 | Waived | 2 - Non-Material | D | B | Compliance | Missing Doc | Homeownership Counseling Disclosure Is Missing | Waived-Homeownership Counseling Disclosure Is Missing -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-06/05/2026 | Waived-Homeownership Counseling Disclosure Is Missing -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-06/05/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 746 Qualifying DTI below maximum allowed - Required is 50 Borrower has 36.46 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | XXXX | |||
| XXXX | XXXX | 305145255 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305145190 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305145200 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305145204 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305145297 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305145366 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305145347 | D | A | D | A | A | A | A | A | Closed | FCRE1480 | 2026-06-10 09:26 | 2026-07-08 11:44 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-After further review- Borrower had sufficient funds using only acct# XXXX for CTC + Reserves. Since the use of account XXXX is irrelevant, and loan qualifies without it, no additional documentation is being requested- qualifying usage is 0%. - Due Diligence Vendor-07/08/2026 Ready for Review-Document Uploaded. Please see attached copy of the updated 1003 showing the borrower had sufficient funds using just acct# XXXX. Since the use of account XXXX is irrelevant, and loan qualifies without it, we ask that this condition please be cleared. - Seller-07/08/2026 Counter-Received documentation for Asset1. For clarification, Asset 2 is business checking under name of XXXX and account XXXX. Finding remains - Due Diligence Vendor-06/16/2026 Ready for Review-Document Uploaded. Not a valid counter, that 6.1.2 section is a guideline for 6 ALTERNATIVE INCOME DOCUMENTATION (not the case for this loan), Lender notes the XXXX bank statement reflects the borrower’s name as the account holder and letter provided is from other account holder… see correct guideline section 8 for assets - Please have this expedited to be cleared as soon as possible - Seller-06/13/2026 Counter-Received 3rd party access to funds letter, condition remains per 6.1.2 Statements reflecting other individuals — except a non-borrowing spouse who is not an applicant — are not eligible - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Lender notes the bank statement reflects the borrower’s name as the account holder and letter provided is from other account holder… Please have this expedited to be cleared as soon as possible - Seller-06/11/2026 Open-Asset Record 2 Does Not Meet G/L Requirements Provide proof of ownership of the account as the asset is in the name of a business. - Due Diligence Vendor-06/10/2026 |
Ready for Review-Document Uploaded. Please see attached copy of the updated 1003 showing the borrower had sufficient funds using just acct# XXXX. Since the use of account XXXX is irrelevant, and loan qualifies without it, we ask that this condition please be cleared. - Seller-07/08/2026 Ready for Review-Document Uploaded. Not a valid counter, that 6.1.2 section is a guideline for 6 ALTERNATIVE INCOME DOCUMENTATION (not the case for this loan), Lender notes the XXXX bank statement reflects the borrower’s name as the account holder and letter provided is from other account holder… see correct guideline section 8 for assets - Please have this expedited to be cleared as soon as possible - Seller-06/13/2026 Ready for Review-Document Uploaded. Lender notes the bank statement reflects the borrower’s name as the account holder and letter provided is from other account holder… Please have this expedited to be cleared as soon as possible - Seller-06/11/2026 |
Resolved-After further review- Borrower had sufficient funds using only acct# XXXX for CTC + Reserves. Since the use of account XXXX is irrelevant, and loan qualifies without it, no additional documentation is being requested- qualifying usage is 0%. - Due Diligence Vendor-07/08/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 729 Qualifying DTI below maximum allowed - DTI Required is 50% Borrower has 33.27%. Rule False LTV is less than guideline maximum - Required is 85 Borrower has 80 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145347 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2026-06-09 12:24 | 2026-06-12 12:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received 3rd party search, properties consist of 3 duplex with no evidence of HOA's - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Please see attached web-search shows these multiunit properties do not have HOAs - Seller-06/11/2026 Open-Provide missing LOX for REO Properties indicating no HOA Fees. See Worksheet - Due Diligence Vendor-06/09/2026 |
Ready for Review-Document Uploaded. Please see attached web-search shows these multiunit properties do not have HOAs - Seller-06/11/2026 |
Resolved-Received 3rd party search, properties consist of 3 duplex with no evidence of HOA's - Due Diligence Vendor-06/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 729 Qualifying DTI below maximum allowed - DTI Required is 50% Borrower has 33.27%. Rule False LTV is less than guideline maximum - Required is 85 Borrower has 80 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145347 | D | A | D | A | A | A | A | A | Closed | FCRE1173 | 2026-06-09 21:18 | 2026-06-12 12:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Condo Master Insurance Policy is Missing | Resolved-Condo Master Insurance Policy is fully present - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. - Seller-06/11/2026 Open-Missing Condo Master Insurance Policy - Due Diligence Vendor-06/10/2026 |
Ready for Review-Document Uploaded. - Seller-06/11/2026 |
Resolved-Condo Master Insurance Policy is fully present - Due Diligence Vendor-06/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 729 Qualifying DTI below maximum allowed - DTI Required is 50% Borrower has 33.27%. Rule False LTV is less than guideline maximum - Required is 85 Borrower has 80 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145347 | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2026-06-09 10:51 | 2026-06-12 12:21 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-06/12/2026 Ready for Review-• Lender notes the most current paystub dated XXXX was used to verify still active status, please see attached meets the FNMA Alternative Methods to Verify Employment: Within 15 business days prior to the note date, the borrower can provide either - the most recent paystub as of that date that, meets the requirements in B3-3.2-01, Standards for Employment and Income Documentation; reflects information for the most recent expected pay period based on the date it is provided and the borrower's pay cadence; and does not include any information indicating the borrower may not be actively employed. - Seller-06/10/2026 Open-Borrower 1 3rd Party VOE Prior to Close Missing Provide Missing VVOE. A Verbal Verification of Employment (VVOE) is required on all wage/salary loans within 10 business days of the Note date of XXXX. - Due Diligence Vendor-06/09/2026 |
Ready for Review-• Lender notes the most current paystub dated XXXX was used to verify still active status, please see attached meets the FNMA Alternative Methods to Verify Employment: Within 15 business days prior to the note date, the borrower can provide either - the most recent paystub as of that date that, meets the requirements in B3-3.2-01, Standards for Employment and Income Documentation; reflects information for the most recent expected pay period based on the date it is provided and the borrower's pay cadence; and does not include any information indicating the borrower may not be actively employed. - Seller-06/10/2026 |
Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-06/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 729 Qualifying DTI below maximum allowed - DTI Required is 50% Borrower has 33.27%. Rule False LTV is less than guideline maximum - Required is 85 Borrower has 80 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305145347 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-06-10 09:16 | 2026-06-12 12:10 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received xpl, 7.1 Debts paid by another party requires 6 months documentation is satisfied by 13 mo. - Due Diligence Vendor-06/12/2026 Ready for Review-Not valid, obligation is paid by others and documentation requested by TPR is not required. Please have this expedited to be cleared as soon as possible - Seller-06/11/2026 Open-Housing History Does Not Meet Guideline Requirements Provide proof of borrower's ownership of the company that is paying the mortgages for properties 3A and 3B in order to exclude the debts. - Due Diligence Vendor-06/10/2026 |
Ready for Review-Not valid, obligation is paid by others and documentation requested by TPR is not required. Please have this expedited to be cleared as soon as possible - Seller-06/11/2026 |
Resolved-Received xpl, 7.1 Debts paid by another party requires 6 months documentation is satisfied by 13 mo. - Due Diligence Vendor-06/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 729 Qualifying DTI below maximum allowed - DTI Required is 50% Borrower has 33.27%. Rule False LTV is less than guideline maximum - Required is 85 Borrower has 80 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305145352 | C | A | C | A | A | A | A | A | Closed | FCRE1115 | 2026-06-05 13:15 | 2026-06-12 10:53 | Resolved | 1 - Information | C | A | Credit | Closing | Security Instrument Date is greater than current date | Resolved-Received CD confirming Disbursement of XXXX after signature and Note date. - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Although the documents were signed on the 28th, the loan did not disburse until XXXX, which is when the deed became effective. Note the subject is a NOO C/O transaction; therefore, there is no ROR period. Also, there is no requirement for the Deed to be signed on or after the date of the document. The document can be signed earlier; as long as the loan does not close or disburse prior to the effective date of the Deed/Mortgage. - Seller-06/10/2026 Open-Security Instrument Date is greater than the transaction date of XXXX Notary date of XXXX is before deed of trust date of XXXX - Due Diligence Vendor-06/05/2026 |
Ready for Review-Document Uploaded. Although the documents were signed on the 28th, the loan did not disburse until XXXX, which is when the deed became effective. Note the subject is a NOO C/O transaction; therefore, there is no ROR period. Also, there is no requirement for the Deed to be signed on or after the date of the document. The document can be signed earlier; as long as the loan does not close or disburse prior to the effective date of the Deed/Mortgage. - Seller-06/10/2026 |
Resolved-Received CD confirming Disbursement of XXXX after signature and Note date. - Due Diligence Vendor-06/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 726 which exceeds the minimum of 660 Required is 660 Borrower has 734 DSCR % greater than 1.20 - Calculated DSCR of 2.326 which exceeds the minimum required of 0.75 Required is 0.75 Borrower has 2.326 LTV is less than guideline maximum - LTV of 75% is below the maximum of 80% allowed per guidelines Required is 80 Borrower has 75 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145219 | C | A | C | A | A | A | A | A | Closed | FCRE3091 | 2026-06-09 12:29 | 2026-06-12 10:48 | Resolved | 1 - Information | C | A | Credit | Insurance | Master Policy Expiration Date is Prior To the Note Date | Resolved-Received updated master policy with effective date of XXXX, expires XXXX- Due Diligence Vendor-06/12/2026 Ready for Review-Please see attached. - Seller-06/10/2026 Open-Master Policy Expiration Date of XXXX is Prior To the Transaction Date of XXXX The loan file contains a Certificate of Insurance for the subject project that has policy periods from XXXX thru XXXX. The subject loan has a disbursement date of XXXX. The loan file is missing an updated Cert of Insurance thru XXXX. Once received and reviewed, additional findings may apply. - Due Diligence Vendor-06/09/2026 |
Ready for Review-Please see attached. - Seller-06/10/2026 |
Resolved-Received updated master policy with effective date of XXXX, expires XXXX - Due Diligence Vendor-06/12/2026 |
Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 37.34 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 748 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145384 | C | A | C | A | A | A | A | A | Closed | FCRE1491 | 2026-06-09 13:10 | 2026-06-17 13:24 | Resolved | 1 - Information | C | A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Received additional consecutive month bank statement. - Due Diligence Vendor-06/17/2026 Ready for Review-Document Uploaded. Please see attached XXXX - Seller-06/15/2026 Open-Asset Qualification Does Not Meet Guideline Requirements Per XXXX guidelines, assets held in foreign accounts require 2 most recent statements. Asset 2 is from Canadian bank with only 1 statement dated XXXX. - Due Diligence Vendor-06/09/2026 |
Ready for Review-Document Uploaded. Please see attached XXXX - Seller-06/15/2026 |
Resolved-Received additional consecutive month bank statement. - Due Diligence Vendor-06/17/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Minimum calculated DSCR allowed is .80%; Borrower calculated DSCR is 1.163%. Required is 0.8 Borrower has 1.163 Qualifying FICO score is at least 20 points above minimum for program - Minimum required FICO is 700; Borrower has 733. Required is 700 Borrower has 733 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145276 | C | A | C | A | A | A | A | A | Closed | FCRE1500 | 2026-06-09 16:56 | 2026-06-12 13:55 | Resolved | 1 - Information | C | A | Credit | QM-ATR | ATR: Not All Liabilities, Including Alimony and Child Support, in DTI Ratio | Resolved-Received 12 months bank statement from Sister to document that she pays month auto payment w/ XXXX - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/11/2026 Open-ATR: Not All Liabilities, Including Alimony and Child Support, in DTI Ratio Provide proof of 6 months bank statements reflecting the sister pays auto loan. XXXX AUTO #XXXX is an omitted liability, auto paid by borrower's sister per LOE and most recent 6 months bank statements showing payment made by sister. Subject to additional conditions. - Due Diligence Vendor-06/09/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/11/2026 |
Resolved-Received 12 months bank statement from Sister to document that she pays month auto payment w/ XXXX - Due Diligence Vendor-06/12/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.43 LTV is less than guideline maximum - Required is 80 Borrower has 29.68 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 800 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145276 | C | A | C | A | A | A | A | A | Closed | FCRE1506 | 2026-06-09 16:57 | 2026-06-12 13:55 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received 12 months bank statements to validate sister payment XXXX Auto loan. The Final Reviewed QM Status is acceptable - Due Diligence Vendor-06/12/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/11/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Subject to auto loan paid by sister - Due Diligence Vendor-06/09/2026 |
Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/11/2026 |
Resolved-Received 12 months bank statements to validate sister payment XXXX Auto loan. The Final Reviewed QM Status is acceptable - Due Diligence Vendor-06/12/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.43 LTV is less than guideline maximum - Required is 80 Borrower has 29.68 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 800 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305145276 | C | A | C | A | A | A | A | A | Closed | FCRE8701 | 2026-06-09 12:50 | 2026-06-12 13:48 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received complete fully executed Trust Agreement - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/11/2026 Open-The Business Entity Formation Document is Missing. Missing Trust and Certification of Trust for the Borrower - Due Diligence Vendor-06/09/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/11/2026 |
Resolved-Received complete fully executed Trust Agreement - Due Diligence Vendor-06/12/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 40.43 LTV is less than guideline maximum - Required is 80 Borrower has 29.68 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 800 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145286 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305145240 | C | A | A | A | C | A | A | A | Closed | finding-3652 | 2026-06-08 12:52 | 2026-06-11 10:23 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received lock for closing. Finding Resolved. - Due Diligence Vendor-06/11/2026 Ready for Review-Document Uploaded. The $6945.75 is the lender compensation, not the lender credit. There has always been a discount on this loan. The lender credit of $61.74 is due to the cure - see attached and escalate - Seller-06/10/2026 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($61.74) does not exceed or equal the comparable sum of specific and non-specific lender credits ($7,007.49). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Lender credit decreased from $6,945.75 to $61.74 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $6,945.75, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-06/08/2026 |
Ready for Review-Document Uploaded. The $6945.75 is the lender compensation, not the lender credit. There has always been a discount on this loan. The lender credit of $61.74 is due to the cure - see attached and escalate - Seller-06/10/2026 |
Resolved-Received lock for closing. Finding Resolved. - Due Diligence Vendor-06/11/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 72.13 Qualifying DTI below maximum allowed - Required is 50 Borrower has 29.78 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 749 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145240 | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2026-06-08 12:53 | 2026-06-11 10:23 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received lock for closing. Finding Resolved. - Due Diligence Vendor-06/11/2026 Ready for Review-Document Uploaded. The loan went from lender paid comp to borrower paid comp- see attached - Seller-06/10/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $4,945.75.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $4,945.75 (Mortgage Broker Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $4,945.75, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C. Lender credit of $61.74 is not enough to cure finding. - Due Diligence Vendor-06/08/2026 |
Ready for Review-Document Uploaded. The loan went from lender paid comp to borrower paid comp- see attached - Seller-06/10/2026 |
Resolved-Received lock for closing. Finding Resolved. - Due Diligence Vendor-06/11/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 72.13 Qualifying DTI below maximum allowed - Required is 50 Borrower has 29.78 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 749 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145308 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305145450 | D | B | D | B | A | A | A | A | Closed | FCRE1509 | 2026-06-09 18:17 | 2026-06-17 13:09 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Note Document | Resolved-Received Note with Wet Signature. - Due Diligence Vendor-06/17/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/15/2026 Counter-Received Lender Comment. Although Local Regulations allow, FNMA only allow electronic signatures on the Mortgage, but a wet signature is required on the Note - FNMA-A2-4.1-03, Electronic Records, Signatures, and Transactions (05/06/2026) - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Lender notes e-signing of legal documentation is permitted according to local regulations, See verified signature noted at the bottom of the page shows” XXXX”. All XXXX counties can accept e-signed and remotely notarized real estate documents. Please have this expedited to be cleared as soon as possible - Seller-06/10/2026 Open-There are Issues Present on the Note that must be addressed. The note is not signed. The note is electronically signed. FNMA requires a wet signature. Subject to additional conditions. - Due Diligence Vendor-06/09/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-06/15/2026 Ready for Review-Document Uploaded. Lender notes e-signing of legal documentation is permitted according to local regulations, See verified signature noted at the bottom of the page shows” XXXX”. All XXXX counties can accept e-signed and remotely notarized real estate documents. Please have this expedited to be cleared as soon as possible - Seller-06/10/2026 |
Resolved-Received Note with Wet Signature. - Due Diligence Vendor-06/17/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 744 Months Reserves exceed minimum required - Min 0, actual 2.23 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145450 | D | B | D | B | A | A | A | A | Closed | FCRE1345 | 2026-06-09 18:42 | 2026-06-09 18:45 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Borrower 1 Lease Agreements Missing | Waived-Originator exception granted to allow no lease agreement, Non-material waiver applied with comp factors. Non-material due to DSCR of 1.68 and Fico of 744 - Due Diligence Vendor-06/09/2026 Open-Exception request to waive lease agreement. Exception approval in file. - Due Diligence Vendor-06/09/2026 |
Waived-Originator exception granted to allow no lease agreement, Non-material waiver applied with comp factors. Non-material due to DSCR of 1.68 and Fico of 744 - Due Diligence Vendor-06/09/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 744 Months Reserves exceed minimum required - Min 0, actual 2.23 |
-DSCR greater than 1.3 -qualifying fico is at least 20 pts above minimum |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | XXXX | 305145450 | D | B | D | B | A | A | A | A | Closed | FCRE1440 | 2026-06-09 15:52 | 2026-06-09 18:44 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Originator exception granted to allow rent free borrower, Non-material waiver applied with comp factors. Non-material due to DSCR of 1.68 and Fico of 744 - Due Diligence Vendor-06/09/2026 Open-Housing History Does Not Meet Guideline Requirements Exception request to allow rent free. Borrower purchased first investment from us and funded XXXX. Exception approved in file. - Due Diligence Vendor-06/09/2026 |
Waived-Originator exception granted to allow rent free borrower, Non-material waiver applied with comp factors. Non-material due to DSCR of 1.68 and Fico of 744 - Due Diligence Vendor-06/09/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 744 Months Reserves exceed minimum required - Min 0, actual 2.23 |
-DSCR greater than 1.3 -qualifying fico is at least 20 pts above minimum |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | XXXX | 305145407 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305145323 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305145320 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305145284 | C | A | A | A | C | A | A | A | Closed | FCOM3957 | 2026-06-08 15:23 | 2026-06-12 10:13 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: Initial Loan Estimate not provided within 3 days of application | Resolved-Received initial LE, finding resolved. - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. See attached- application date is XXXX- pages 15-18 - Seller-06/11/2026 Open----Missing initial LE dated within 3 days of Application date. Additional Findings may apply upon receipt. statute of Limitations - 1 year, expiration date XXXX. - Due Diligence Vendor-06/08/2026 |
Ready for Review-Document Uploaded. See attached- application date is XXXX- pages 15-18 - Seller-06/11/2026 |
Resolved-Received initial LE, finding resolved. - Due Diligence Vendor-06/12/2026 |
Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 42.01 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 39.12 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145284 | C | A | A | A | C | A | A | A | Closed | finding-3367 | 2026-06-12 09:54 | 2026-06-12 10:09 | Resolved | 1 - Information | C | A | Compliance | Disclosure | RESPA Homeownership Counseling Organizations Disclosure Date Test | Resolved-Dates corrected, finding resolved. - Due Diligence Vendor-06/12/2026 | Resolved-Dates corrected, finding resolved. - Due Diligence Vendor-06/12/2026 |
Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 42.01 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 39.12 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305145284 | C | A | A | A | C | A | A | A | Closed | finding-3752 | 2026-06-12 09:54 | 2026-06-12 10:09 | Resolved | 1 - Information | C | A | Compliance | ComplianceEase | TRID Disclosure Dates and Personal Delivery Validation Test | Resolved-Data input incorrect, now fixed. Finding resolved. - Due Diligence Vendor-06/12/2026 | Resolved-Data input incorrect, now fixed. Finding resolved. - Due Diligence Vendor-06/12/2026 |
Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 42.01 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 39.12 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305145198 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-10 08:39 | 2026-06-12 13:17 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOR, FR reflects prop owner name mirrors VOR signor. - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Please see attached VOR shows no lates - Seller-06/11/2026 Open-Housing History Does Not Meet Guideline Requirements VOR is required per guides. Borrower does not qualify for program without VOR. - Due Diligence Vendor-06/10/2026 |
Ready for Review-Document Uploaded. Please see attached VOR shows no lates - Seller-06/11/2026 |
Resolved-Received VOR, FR reflects prop owner name mirrors VOR signor. - Due Diligence Vendor-06/12/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 745 LTV is less than guideline maximum - Required is 80 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145395 | D | A | D | A | A | A | A | A | Closed | FCRE8728 | 2026-06-10 11:11 | 2026-06-12 12:47 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Payment History | Resolved-Received Statements to support paid by 3rd party. - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/11/2026 Open-Property 3a: Provide evidence that 6m mortgage payments made by other for exclusion of debt XXXX (Inclusion results in excessive DTI). - Due Diligence Vendor-06/10/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/11/2026 |
Resolved-Received Statements to support paid by 3rd party. - Due Diligence Vendor-06/12/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.11 LTV is less than guideline maximum - Required is 85 Borrower has 80 Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 735 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145395 | D | A | D | A | A | A | A | A | Closed | FCRE1148 | 2026-06-10 09:58 | 2026-06-12 12:46 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received revised commitment with sufficient coverage. - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/11/2026 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Provide Title Insurance coverage sufficient for total loan amount. - Due Diligence Vendor-06/10/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-06/11/2026 |
Resolved-Received revised commitment with sufficient coverage. - Due Diligence Vendor-06/12/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.11 LTV is less than guideline maximum - Required is 85 Borrower has 80 Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 735 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145395 | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2026-06-10 10:24 | 2026-06-12 12:45 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Received WVOE dated within 10 days - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/11/2026 Open-Borrower 1 3rd Party VOE Prior to Close Missing Provide missing Lender VVOE dated within 10 business days of closing date for borrower Wage income. - Due Diligence Vendor-06/10/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/11/2026 |
Resolved-Received WVOE dated within 10 days - Due Diligence Vendor-06/12/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.11 LTV is less than guideline maximum - Required is 85 Borrower has 80 Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 735 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145395 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-06-10 10:52 | 2026-06-12 12:44 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received Rent Free Letter. - Due Diligence Vendor-06/12/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/11/2026 Open-Housing History Does Not Meet Guideline Requirements Provide missing Rent Free Letter verifying borrower has no primary home rent obligations. - Due Diligence Vendor-06/10/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/11/2026 |
Resolved-Received Rent Free Letter. - Due Diligence Vendor-06/12/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.11 LTV is less than guideline maximum - Required is 85 Borrower has 80 Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 735 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305097405 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305129708 | C | B | C | B | A | A | A | A | Closed | FCRE1510 | 2026-06-10 13:49 | 2026-06-29 09:17 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received DOT - Due Diligence Vendor-06/18/2026 Ready for Review-Document Uploaded. Supporting Document - Seller-06/16/2026 Counter-Received DOT and Legal. Riders were not included. Unable to confirm Riders and Legal was recorded with DOT. Please provide complete chain including riders and legal. - Due Diligence Vendor-06/16/2026 Ready for Review-Document Uploaded. Deed of Trust with Legal Description. - Seller-06/15/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Legal Description referenced as attached to Security Instrument is not included within the document or riders. - Due Diligence Vendor-06/10/2026 |
Ready for Review-Document Uploaded. Supporting Document - Seller-06/16/2026 Ready for Review-Document Uploaded. Deed of Trust with Legal Description. - Seller-06/15/2026 |
Resolved-Received DOT - Due Diligence Vendor-06/18/2026 |
Months Reserves exceed minimum required - Reserves: 19 Min 12 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 794 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305129708 | C | B | C | B | A | A | A | A | Closed | FCRE0140 | 2026-06-23 11:20 | 2026-06-23 11:22 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | DSCR loan does not meet program guidelines | Waived-Client waiver applied to non-material finding with compensating factors. Exception to allow appraiser's STR amount in lieu of a 12-month lookback. - Due Diligence Vendor-06/23/2026 Open-STR requires a 12-month lookback on purchase transactions. - Due Diligence Vendor-06/23/2026 |
Waived-Client waiver applied to non-material finding with compensating factors. Exception to allow appraiser's STR amount in lieu of a 12-month lookback. - Due Diligence Vendor-06/23/2026 |
Months Reserves exceed minimum required - Reserves: 19 Min 12 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 794 |
Credit score 783 17 months of reserves No record of late payments |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | XXXX | ||
| XXXX | XXXX | 305129708 | C | B | C | B | A | A | A | A | Closed | FCRE1498 | 2026-06-11 09:42 | 2026-06-23 11:19 | Resolved | 1 - Information | C | A | Credit | Eligibility | Borrower Rental Experience Insufficient per Guidelines (DSCR) | Resolved-After further review, the borrower meets the first time investor overlays. - Due Diligence Vendor-06/23/2026 Ready for Review-Document Uploaded. Exception request form and updated approval email from XXXX. The original approval chain was delivered with the loan file (email comms start page 429 of indexed documents) - Buyer-06/22/2026 Counter-Received request for clarification: Please provide the exception request with approval and complete email communication for review. Additional conditions may apply - Due Diligence Vendor-06/22/2026 Ready for Review-Document Uploaded. Supporting Document - Seller-06/18/2026 Counter-Received exception request for loan amount and 12 month look back. Missing client approval for Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) - Due Diligence Vendor-06/18/2026 Ready for Review-Document Uploaded. Supporting Document - Seller-06/16/2026 Counter-Received Short Term Rental Report. Finding is requesting approval email for Exception request. Please upload Exception along with approval email to finding. - Due Diligence Vendor-06/16/2026 Ready for Review-Document Uploaded. Rent. - Buyer-06/15/2026 Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Exception request to utilize the appraiser's short term monthly rent amount in lieu of the 12 month look back. Approval email not in loan file. - Due Diligence Vendor-06/11/2026 |
Ready for Review-Document Uploaded. Supporting Document - Seller-06/18/2026 Ready for Review-Document Uploaded. Supporting Document - Seller-06/16/2026 |
Resolved-After further review, the borrower meets the first time investor overlays. - Due Diligence Vendor-06/23/2026 |
Months Reserves exceed minimum required - Reserves: 19 Min 12 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 794 |
Credit score 783 17 months of reserves No record of late payments |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX |
| XXXX | XXXX | 305129708 | C | B | C | B | A | A | A | A | Closed | FCRE0970 | 2026-06-10 16:34 | 2026-06-16 11:04 | Resolved | 1 - Information | C | A | Credit | Eligibility | Appraisal has issues (credit) | Resolved-Received updated appraisal. - Due Diligence Vendor-06/16/2026 Ready for Review-Document Uploaded. Appraisal Correction = XXXX signed. - Buyer-06/15/2026 Ready for Review-Document Uploaded. Supporting Document - Seller-06/15/2026 Open-Appraiser initials are XXXX; however, it was signed by a different person, signature and appraiser do not match. - Due Diligence Vendor-06/10/2026 |
Ready for Review-Document Uploaded. Supporting Document - Seller-06/15/2026 |
Resolved-Received updated appraisal. - Due Diligence Vendor-06/16/2026 |
Months Reserves exceed minimum required - Reserves: 19 Min 12 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 794 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305129708 | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2026-06-11 09:45 | 2026-06-11 09:47 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-06/11/2026 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $150000 Exception request for loan amount less than required of XXXX for a Condotel. Exception approval in loan file. - Due Diligence Vendor-06/11/2026 |
Waived-Client exception granted, waiver applied with comp factors. - Due Diligence Vendor-06/11/2026 |
Months Reserves exceed minimum required - Reserves: 19 Min 12 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 794 |
Credit score 783 17 months reserves No record of late payments |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | XXXX | ||
| XXXX | XXXX | 305180487 | D | A | D | A | A | A | A | A | Closed | FCRE5770 | 2026-06-11 10:41 | 2026-06-15 14:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Credit Report is Missing | Resolved-Received cbr , rep score mirrors 1008. Acceptable housing history verified via VOM s present in file - Due Diligence Vendor-06/15/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/12/2026 Open-Borrower 1 Credit Report is Missing. Please provide - Due Diligence Vendor-06/11/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-06/12/2026 |
Resolved-Received cbr , rep score mirrors 1008. Acceptable housing history verified via VOM s present in file - Due Diligence Vendor-06/15/2026 |
Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 794 Months Reserves exceed minimum required - 3 required, borrower has 335.35 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145285 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-12 17:07 | 2026-06-18 15:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received property taxes for XXXX verified with fraud report this is property tax for 3c, and CD for same lender refi of 3e. - Due Diligence Vendor-06/18/2026 Ready for Review-This same finding was cleared for Loan XXXX. Please clear this finding accordingly. - Seller-06/16/2026 Counter-Closing disclosure for 3e and Tax cert for 3c provided, however review is unable to determine the tax cert belongs to 3c. - Due Diligence Vendor-06/16/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/15/2026 Open-Housing History Does Not Meet Guideline Requirements Missing the following information for the Real Estate Owned: (1) 3c missing taxes and (2) 3e missing the new XXXX PITI information. Upon receipt additional information maybe required. - Due Diligence Vendor-06/12/2026 |
Ready for Review-This same finding was cleared for Loan XXXX. Please clear this finding accordingly. - Seller-06/16/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/15/2026 |
Resolved-Received property taxes for XXXXverified with fraud report this is property tax for 3c, and CD for same lender refi of 3e. - Due Diligence Vendor-06/18/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 640 Borrower has 778 Required is 640 Borrower has 778 LTV is less than guideline maximum - Max LTV is 85 Borrower has 75 Required is 85 Borrower has 75 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 28.66 Required is 50 Borrower has 28.66 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145285 | C | A | C | A | A | A | A | A | Closed | FCRE0197 | 2026-06-12 17:20 | 2026-06-16 15:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | The Final SELLER CD/HUD is missing | Resolved-Received Seller CD. - Due Diligence Vendor-06/16/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/15/2026 Open-The Final SELLER CD/HUD is missing. Missing the Sellers Final CD. Upon receipt additional information maybe required. - Due Diligence Vendor-06/12/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/15/2026 |
Resolved-Received Seller CD. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 640 Borrower has 778 Required is 640 Borrower has 778 LTV is less than guideline maximum - Max LTV is 85 Borrower has 75 Required is 85 Borrower has 75 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 28.66 Required is 50 Borrower has 28.66 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145285 | C | A | C | A | A | A | A | A | Closed | FCRE1307 | 2026-06-12 17:31 | 2026-06-16 14:46 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income 4 Income Trend is Decreasing | Resolved-Received LOE and lender income worksheet calculation. Conservative base pay was used for qualification. - Due Diligence Vendor-06/16/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/15/2026 Open-Income 4 Income Trend is Decreasing Missing explanation why XXXX income at XXXX has significantly decreased. The income of $19933.33/month is not supported based on his Year to Date, 2025 and 2024 income. Upon receipt additional information maybe required. - Due Diligence Vendor-06/12/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/15/2026 |
Resolved-Received LOE and lender income worksheet calculation. Conservative base pay was used for qualification. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 640 Borrower has 778 Required is 640 Borrower has 778 LTV is less than guideline maximum - Max LTV is 85 Borrower has 75 Required is 85 Borrower has 75 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 28.66 Required is 50 Borrower has 28.66 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145234 | C | A | C | A | C | A | A | A | Closed | FCOM1221 | 2026-06-11 15:48 | 2026-07-23 10:46 | Resolved | 1 - Information | C | A | Credit | Closing | The Deed of Trust is Incomplete | Resolved-Page 15 of the DOT was provided. - Due Diligence Vendor-07/23/2026 Ready for Review-Document Uploaded. Please see attached - Seller-07/22/2026 Open-The Deed of Trust is Incomplete Missing Page 15 of 15 of DOT. Upon receipt additional conditions maybe required. - Due Diligence Vendor-06/11/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-07/22/2026 |
Resolved-Page 15 of the DOT was provided. - Due Diligence Vendor-07/23/2026 |
Qualifying DTI below maximum allowed - Required is 43 Borrower has 37.1 LTV is less than guideline maximum - Required is 70 Borrower has 52.63 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 766 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145234 | C | A | C | A | C | A | A | A | Closed | finding-3652 | 2026-06-11 16:37 | 2026-06-18 08:07 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Upon further review, the document(s) are located in original file, nothing further required. Lender compensation fee entered as a Broker Fee paid by lender. Finding Resolved. - Due Diligence Vendor-06/18/2026 Ready for Review-The $7315 is lender comp, not lender credit. The only credit on this loan is the cure of $106.40 $7315 + $106.40 =$7421.40 The loan amount changed to $XXXX causing the lender comp to decrease to $XXXX. Part of the u/w fee is being paid by the lender. $5500 + $1356 + $106.40 = $6962.40 - Seller-06/17/2026 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($6,962.40) does not exceed or equal the comparable sum of specific and non-specific lender credits ($7,421.40). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Lender credit decreased from $7,421.40 to $6,962.40 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $$459.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Final CD includes a Lender credit of $106.40 for increase in closing cost above legal limit. Remediation options (1) within 60 days of consummation expires XXXX(2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-06/11/2026 |
Ready for Review-The $7315 is lender comp, not lender credit. The only credit on this loan is the cure of $106.40 $7315 + $106.40 =$7421.40 The loan amount changed to $XXXX causing the lender comp to decrease to $XXXX. Part of the u/w fee is being paid by the lender. $5500 + $1356 + $106.40 = $6962.40 - Seller-06/17/2026 |
Resolved-Upon further review, the document(s) are located in original file, nothing further required. Lender compensation fee entered as a Broker Fee paid by lender. Finding Resolved. - Due Diligence Vendor-06/18/2026 |
Qualifying DTI below maximum allowed - Required is 43 Borrower has 37.1 LTV is less than guideline maximum - Required is 70 Borrower has 52.63 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 766 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305145242 | C | A | A | A | C | A | A | A | Closed | finding-3625 | 2026-06-12 13:48 | 2026-06-17 08:41 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" Validation Test | Resolved-Received PCCD XXXX correcting payee in Section B. Finding Resolved. - Due Diligence Vendor-06/17/2026 Ready for Review-Document Uploaded. SEE ATTACHED - Seller-06/16/2026 Open-This loan failed the TRID "Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" validation test.This loan contains a fee or fees where "compensation to" is set to the lender or broker but this fee or fees should not be retained by the lender or broker."Section B. Services You Cannot Shop For / Services Borrower Did Not Shop For" should contain an itemization of each amount, and a subtotal of all such amounts, the consumer will pay for settlement services for which the consumer cannot shop in accordance with Regulation Z and that are provided by persons other than the creditor or mortgage broker. -----Credit Report Fee in section B is payable to Lender/Broker however, fees paid to Lender or Broker must be in section A. If the fee is to remain in section B, it must state FBO (for the benefit of) to said Vendor. Provide a post close CD with correction within 60 days of discovery date. Statute of Limitations - 1 year, expiration date XXXX - Due Diligence Vendor-06/12/2026 |
Ready for Review-Document Uploaded. SEE ATTACHED - Seller-06/16/2026 |
Resolved-Received PCCD XXXX correcting payee in Section B. Finding Resolved. - Due Diligence Vendor-06/17/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 776 Required is 660 Borrower has 776 LTV is less than guideline maximum - Required is 80 Borrower has 53.28 Required is 80 Borrower has 53.28 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305157144 | D | A | C | A | A | A | D | A | Closed | FPRO0023 | 2026-06-15 12:18 | 2026-08-24 10:03 | Resolved | 1 - Information | D | A | Property | Value | Primary Appraised Value exceeds Variance to Reviewed Appraised Property Value | Resolved-Reviewed the appraisals, the 2nd appraisal complete XXXX does have a comment supporting the increase in value. - Due Diligence Vendor-06/29/2026 Ready for Review-Document Uploaded. Please see attached. The appraisal dated XXXX does in fact have extensive commentary to support the increase in value. Please refer to bolded comments on page 2 and 3 of the attached. - Seller-06/26/2026 Counter-Received 2 appraisals completed by XXXX with an appraiser name of XXXX. 1 appraisal is dated XXXX with a value of XXXX the 2nd is dated XXXX with a value of XXXX. lender used the value of XXXX. The appraisal dated XXXX has no commentary to support the increase in value. Due to no commentary to support the increase in value the lower value was used to determine the LTV. - Due Diligence Vendor-06/18/2026 Ready for Review-We respectfully disagree. The loan file included two appraisals, one with a XXXX value and a second appraisal at XXXX. the LTV/CTV was based on the lower XXXX value. See uploaded documents in related finding. - Seller-06/16/2026 Open-Primary Appraised Property Value To Reviewed Appraised Property Value Variance is '-17.89'. The lender did not close with the lower value of 2 appraisals. - Due Diligence Vendor-06/15/2026 |
Ready for Review-Document Uploaded. Please see attached. The appraisal dated XXXX does in fact have extensive commentary to support the increase in value. Please refer to bolded comments on page 2 and 3 of the attached. - Seller-06/26/2026 XXXX . the LTV/CTV was based on the lower XXXX value. See uploaded documents in related finding. - Seller-06/16/2026 |
Resolved-Reviewed the appraisals, the 2nd appraisal complete XXXX does have a comment supporting the increase in value. - Due Diligence Vendor-06/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 744 Months Reserves exceed minimum required - Min 12, actual 21.73 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305157144 | D | A | C | A | A | A | D | A | Closed | FCRE1194 | 2026-06-16 14:36 | 2026-06-29 13:48 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Reviewed the appraisals, the 2nd appraisal complete XXXX does have a comment supporting the increase in value. - Due Diligence Vendor-06/29/2026 Ready for Review-Document Uploaded. Please see attached. The appraisal dated XXXX does in fact have extensive commentary to support the increase in value. Please refer to bolded comments on page 2 and 3 of the attached. - Seller-06/26/2026 Counter-Received 2 appraisals completed by XXXX with an appraiser name of XXXX. 1 appraisal is dated XXXX with a value of XXXX the 2nd is dated XXXX with a value of XXXX. lender used the value of XXXX. The appraisal dated XXXX has no commentary to support the increase in value. Due to no commentary to support the increase in value the lower value was used to determine the LTV. - Due Diligence Vendor-06/18/2026 Ready for Review-Document Uploaded. We respectfully disagree. The loan file included two appraisals, one with a XXXX value and a second appraisal at XXXX. the LTV/CTV was based on the lower XXXX value. - Seller-06/16/2026 Open-Audited LTV of 71.64% exceeds Guideline LTV of 70% Lender did not use lower value of 2 appraisals. - Due Diligence Vendor-06/16/2026 |
Ready for Review-Document Uploaded. Please see attached. The appraisal dated XXXX does in fact have extensive commentary to support the increase in value. Please refer to bolded comments on page 2 and 3 of the attached. - Seller-06/26/2026 Ready for Review-Document Uploaded. We respectfully disagree. The loan file included two appraisals, one with a XXXX value and a second appraisal at XXXX. the LTV/CTV was based on the lower XXXX value. - Seller-06/16/2026 |
Resolved-Reviewed the appraisals, the 2nd appraisal complete XXXX does have a comment supporting the increase in value. - Due Diligence Vendor-06/29/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 744 Months Reserves exceed minimum required - Min 12, actual 21.73 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305182518 | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2026-06-16 13:12 | 2026-06-18 14:31 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received Borrower 1 Gap Credit Report, no changes in liabilities - Due Diligence Vendor-06/18/2026 Ready for Review-Document Uploaded. - Seller-06/16/2026 Open-Borrower 1 Gap Credit Report is Missing Missing Gap Credit Report - Due Diligence Vendor-06/16/2026 |
Ready for Review-Document Uploaded. - Seller-06/16/2026 |
Resolved-Received Borrower 1 Gap Credit Report, no changes in liabilities - Due Diligence Vendor-06/18/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 729 Qualifying DTI below maximum allowed - Required is 49.99 Borrower has 37.87 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145216 | C | A | C | A | A | A | A | A | Closed | FCRE1148 | 2026-06-17 07:53 | 2026-06-22 13:01 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received Supplement Title Report with corrected Coverage Amount - Due Diligence Vendor-06/22/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/18/2026 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Insufficient Title Coverage. Amount of coverage of XXXX is less than Total Amount of Subject Lien. - Due Diligence Vendor-06/17/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/18/2026 |
Resolved-Received Supplement Title Report with corrected Coverage Amount - Due Diligence Vendor-06/22/2026 |
Months Reserves exceed minimum required - Verified assets of 95.13 months exceeds the minimum required of 3 months. DSCR =/> 1.00 and minimum is 0.85 or Less - Calculated DSCR of 1.441 which exceeds the minimum required of 0.8 Required is 0.8 Borrower has 1.441 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305182210 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305182206 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305180501 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305182428 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2026-06-25 09:07 | 2026-06-30 08:31 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Client confirmed the $9.28 on the 1003 was the additional tax/insurance not included in escrow. - Due Diligence Vendor-06/30/2026 Ready for Review-Please note that even though Taxes and Insurance (T&I) were escrowed, our Underwriting team used a conservative method to add additional insurance and tax. - Due Diligence Vendor-06/30/2026 Open-REO 3b - HOA documentation not provided - Due Diligence Vendor-06/25/2026 |
Resolved-Client confirmed the $9.28 on the 1003 was the additional tax/insurance not included in escrow. - Due Diligence Vendor-06/30/2026 |
Months Reserves exceed minimum required - 18+ months PITIA reserves; 4 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 730 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305193642 | C | A | C | A | A | A | A | A | Closed | FCRE7009 | 2026-06-25 10:55 | 2026-07-06 14:09 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Received Agent confirmation policy carries 100% RCE, also stated on Special conditions/other coverages section. - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. Please see policy shows verbiage Policy Carries 100% RCE on Building - Seller-07/02/2026 Counter-Received rebuttal. Provide either checklist of coverage or confirmation from insurer of replacement cost amount. - Due Diligence Vendor-06/29/2026 Ready for Review-Not a valid finding, due to Insurance minimum requirements are not permitted in XXXX, and Lenders cannot force agents to submit the RCE. XXXX HB 1209 state insurance regulations restrict lenders from requiring agents to provide proprietary RCE documentation as a loan condition. - Seller-06/26/2026 Open-Insufficient Coverage Amount for Insured Subject Property. Missing evidence of sufficient coverage - Due Diligence Vendor-06/25/2026 |
Ready for Review-Document Uploaded. Please see policy shows verbiage Policy Carries 100% RCE on Building - Seller-07/02/2026 Ready for Review-Not a valid finding, due to Insurance minimum requirements are not permitted in Florida, and Lenders cannot force agents to submit the RCE. XXXX HB 1209 state insurance regulations restrict lenders from requiring agents to provide proprietary RCE documentation as a loan condition. - Seller-06/26/2026 |
Resolved-Received Agent confirmation policy carries 100% RCE, also stated on Special conditions/other coverages section. - Due Diligence Vendor-07/06/2026 |
LTV is less than guideline maximum - Required is 75 Borrower has 65 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 714 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180449 | B | B | A | A | A | A | B | B | Closed | FPRO9876 | 2026-06-24 16:02 | 2026-06-25 11:35 | Waived | 2 - Non-Material | B | B | Property | Value | Review Product 1 > 10% OR Review Product 2 > 10% S&P B Grade | Waived-The file contains 2 secondary valuations of which one does not support, therefore, waiver has been applied to non-material finding. - Due Diligence Vendor-06/25/2026 Open-S&P value equals B, secondary product within tolerance. This finding will be rated a B for XXXX. All other agencies will be rated as A. Second valuation in file which is acceptable - Due Diligence Vendor-06/24/2026 |
Waived-The file contains 2 secondary valuations of which one does not support, therefore, waiver has been applied to non-material finding. - Due Diligence Vendor-06/25/2026 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Calculated DSCR of 1.046 which exceeds the minimum required of 0.8 Required is 0.8 Borrower has 1.046 LTV is less than guideline maximum - LTV of 69.49% is below the maximum of 75% allowed per guidelines Required is 75 Borrower has 69.49 Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 727 which exceeds the minimum of 700 Required is 700 Borrower has 727 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | XXXX | |||
| XXXX | XXXX | 305180472 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-24 17:41 | 2026-06-29 14:23 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOM - 0x30x12 - Due Diligence Vendor-06/29/2026 Ready for Review-Document Uploaded. see the attached VOM from XXXX - reflecting the loan paid as agreed with 0 late payment as of XXXX with the next payment due on XXXX. - Seller-06/25/2026 Open-Housing History Does Not Meet Guideline Requirements Missing mortgage history for subject property. - Due Diligence Vendor-06/24/2026 |
Ready for Review-Document Uploaded. see the attached VOM from XXXX - reflecting the loan paid as agreed with 0 late payment as of 08/29/23 with the next payment due on 06/01. - Seller-06/25/2026 |
Resolved-Received VOM - 0x30x12 - Due Diligence Vendor-06/29/2026 |
LTV is less than guideline maximum - LTV of 70% is below the maximum of 75% allowed per guidelines Required is 75 Borrower has 70 Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 735 which exceeds the minimum of 680 Required is 680 Borrower has 735 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145385 | D | B | D | B | A | A | A | A | Closed | FCRE1252 | 2026-06-25 09:29 | 2026-06-29 14:30 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Received title supp and final title policy with all exceptions removed - Due Diligence Vendor-06/29/2026 Ready for Review-Document Uploaded. see the final title policy attached -reflecting items removed - Seller-06/29/2026 Ready for Review-Document Uploaded. see attached documentation from the clearance officer confirming items #10, #11 and #12were being omitted at closing. - Seller-06/25/2026 Open-Title Document is Incomplete Title Document is Incomplete. Missing copy of the Title Supplement reflecting #10#11 and #12 are omitted from Schedule B(Foreclosure action (Lispendends). - Due Diligence Vendor-06/25/2026 |
Ready for Review-Document Uploaded. see the final title policy attached -reflecting items removed - Seller-06/29/2026 Ready for Review-Document Uploaded. see attached documentation from the clearance officer confirming items #10, #11 and #12were being omitted at closing. - Seller-06/25/2026 |
Resolved-Received title supp and final title policy with all exceptions removed - Due Diligence Vendor-06/29/2026 |
Qualifying DTI below maximum allowed - Max DTI is 50.49 Borrower has 21.24 Required is 50.49 Borrower has 21.24 Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660 Borrower has 816 Required is 660 Borrower has 816 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145385 | D | B | D | B | A | A | A | A | Closed | FCRE1505 | 2026-06-25 07:33 | 2026-06-29 14:29 | Resolved | 1 - Information | C | A | Credit | Eligibility | Tradelines do not meet Guideline Requirements | Resolved-Received refresh with XXXX and XXXX - Due Diligence Vendor-06/29/2026 Ready for Review-Document Uploaded. attached is the refresh report which contains the monthly payments for XXXX and XXXX - Seller-06/25/2026 Open-The Tradelines for the borrower(s) do not meet the guideline requirements. Missing proof of the new XXXX and XXXX accounts with balances and monthly payments. Upon receipt additional information maybe required. - Due Diligence Vendor-06/25/2026 |
Ready for Review-Document Uploaded. attached is the refresh report which contains the monthly payments for XXXX and XXXX - Seller-06/25/2026 |
Resolved-Received refresh with XXXX and XXXX - Due Diligence Vendor-06/29/2026 |
Qualifying DTI below maximum allowed - Max DTI is 50.49 Borrower has 21.24 Required is 50.49 Borrower has 21.24 Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660 Borrower has 816 Required is 660 Borrower has 816 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305145385 | D | B | D | B | A | A | A | A | Closed | FCRE1345 | 2026-06-25 09:16 | 2026-06-25 09:22 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Borrower 1 Lease Agreements Missing | Waived-Originator Exception granted and in file to allow use of rental income with 1025 only, waiver applied with comp factors. - Due Diligence Vendor-06/25/2026 Open-Borrower 1 Lease Agreements Missing. Missing the Lease Agreement for subject property. Per guides For investment properties not associated with the borrower's business: provide an active current lease and proof of rent payments received for the most recent 2 months. - Due Diligence Vendor-06/25/2026 |
Waived-Originator Exception granted and in file to allow use of rental income with 1025 only, waiver applied with comp factors. - Due Diligence Vendor-06/25/2026 |
Qualifying DTI below maximum allowed - Max DTI is 50.49 Borrower has 21.24 Required is 50.49 Borrower has 21.24 Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660 Borrower has 816 Required is 660 Borrower has 816 |
-Qualifying FICO score is at least 20 points above the program minimum. -Qualifying DTI is at least 5% below the maximum allowed. -8 Years on job |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | XXXX | 305182184 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305193640 | C | A | C | A | A | A | A | A | Closed | FCRE1506 | 2026-06-26 21:18 | 2026-08-24 12:40 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received payment history for second home - Due Diligence Vendor-08/24/2026 Ready for Review-This is a non-QM which was closed and priced as a general ATR which meets the ATR/QM standards. - Seller-06/29/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. - Due Diligence Vendor-06/27/2026 |
Ready for Review-This is a non-QM which was closed and priced as a general ATR which meets the ATR/QM standards. - Seller-06/29/2026 |
Resolved-Received payment history for second home - Due Diligence Vendor-08/24/2026 |
Qualifying DTI below maximum allowed - Qualifying DTI below maximum allowed: Max 50.49 LTV is less than guideline maximum - . Required is 65 Borrower has 40 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305193640 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-26 12:17 | 2026-07-01 14:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received Note and proof of payments - Due Diligence Vendor-07/01/2026 Ready for Review-Document Uploaded. Attached is a copy of the Note that has a 1st payment date of XXXX with payments to go to 3 individual parties. In addition, the payment history has been uploaded for the XXXX. - Seller-06/29/2026 Open-Housing History Does Not Meet Guideline Requirements Missing - 12 month payment history on second home mortgage. - Due Diligence Vendor-06/26/2026 |
Ready for Review-Document Uploaded. Attached is a copy of the Note that has a 1st payment date of XXXX with payments to go to 3 individual parties. In addition, the payment history has been uploaded for the XXXX. - Seller-06/29/2026 |
Resolved-Received Note and proof of payments - Due Diligence Vendor-07/01/2026 |
Qualifying DTI below maximum allowed - Qualifying DTI below maximum allowed: Max 50.49 LTV is less than guideline maximum - . Required is 65 Borrower has 40 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180517 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305180425 | C | A | C | A | A | A | A | A | Closed | FCRE1506 | 2026-06-27 23:27 | 2026-07-01 16:16 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received HELOC note and confirmation reflecting credit report. - Due Diligence Vendor-07/01/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Pending Housing History, need VOM from Primary Residence. - Due Diligence Vendor-06/28/2026 |
Resolved-Received HELOC note and confirmation reflecting credit report. - Due Diligence Vendor-07/01/2026 |
Qualifying FICO score is at least 20 points above minimum for program - . Required is 720 Borrower has 752 Months Reserves exceed minimum required - 8 Months Reserves exceed minimum required. Guide MIN 6 months |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305180425 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-26 15:32 | 2026-07-01 16:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received HELOC disclosure and confirmation reflecting on credit report. - Due Diligence Vendor-07/01/2026 Ready for Review-Document Uploaded. The borrower's HELOC with XXXX, account ending in XXXX, was rated as agreed from XXXX through XXXX (see attached). The HELOC reflected a $0 outstanding balance; however, the monthly liability was appropriately calculated using the applicable 9% interest rate based on the high credit limit (see attached). The loan file contains sufficient documentation to support the treatment of this liability. - Seller-06/30/2026 Open-Housing History Does Not Meet Guideline Requirements Missing - VOM / Pay History for 2nd mortgage on current primary. - Due Diligence Vendor-06/26/2026 |
Ready for Review-Document Uploaded. The borrower's HELOC with XXXX, account ending in XXXX, was rated as agreed from XXXX through XXXX (see attached). The HELOC reflected a $0 outstanding balance; however, the monthly liability was appropriately calculated using the applicable 9% interest rate based on the high credit limit (see attached). The loan file contains sufficient documentation to support the treatment of this liability. - Seller-06/30/2026 |
Resolved-Received HELOC disclosure and confirmation reflecting on credit report. - Due Diligence Vendor-07/01/2026 |
Qualifying FICO score is at least 20 points above minimum for program - . Required is 720 Borrower has 752 Months Reserves exceed minimum required - 8 Months Reserves exceed minimum required. Guide MIN 6 months |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180524 | C | A | C | A | A | A | A | A | Closed | FCRE1204 | 2026-06-29 09:20 | 2026-07-02 13:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Received updated Fraud Report and All Fraud Report Alerts have been cleared - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. attached is the updated XXXX - Seller-06/30/2026 Open-Fraud Report Shows Uncleared Alerts Fraud report shows 2 uncleared High Alerts. - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. attached is the updated XXXX - Seller-06/30/2026 |
Resolved-Received updated Fraud Report and All Fraud Report Alerts have been cleared - Due Diligence Vendor-07/02/2026 |
LTV is less than guideline maximum - Required is 70 Borrower has 52.94 Months Reserves exceed minimum required - Reserves = 100 months – Required Reserves = 3 Months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180442 | C | A | C | A | A | A | A | A | Closed | FCRE0108 | 2026-06-29 09:02 | 2026-07-02 14:01 | Resolved | 1 - Information | C | A | Credit | Insurance | XXXX Coverage not met | Resolved-Property is one of 4 units. FNMAB7-4-02 indicates is required with exception for condo or co-op projects consisting of 20 units or less - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. We respectfully request reconsideration of this finding. The subject property is located within a 4-unit, single-phase condominium project. The finding that XXXX coverage is missing is not supported by the applicable condominium insurance requirements. Per Fannie Mae Selling Guide, Subpart B7 – Insurance, "Determining if XXXX Insurance is Required," XXXX insurance is generally required for condominium and co-op projects except for, among other exceptions: "Condo or co-op projects consisting of 20 units or less." As the subject project consists of only four units, it falls within this exception. Therefore, XXXX insurance is not required for this project. Accordingly, the absence of XXXX coverage on the condominium master insurance policy does not constitute a post-closing deficiency. We respectfully request that this finding be removed, as the project qualifies for the Fannie Mae exception for condominium projects consisting of 20 units or fewer. - Seller-06/30/2026 Open-XXXX Coverage not met. Provide proof of XXXX coverage. Missing from Condo HOI - Due Diligence Vendor-06/30/2026 |
Ready for Review-Document Uploaded. We respectfully request reconsideration of this finding. The subject property is located within a 4-unit, single-phase condominium project. The finding that XXXX coverage is missing is not supported by the applicable condominium insurance requirements. Per Fannie Mae Selling Guide, Subpart B7 – Insurance, "Determining if XXXX Insurance is Required," XXXX insurance is generally required for condominium and co-op projects except for, among other exceptions: "Condo or co-op projects consisting of 20 units or less." As the subject project consists of only four units, it falls within this exception. Therefore, XXXX insurance is not required for this project. Accordingly, the absence of XXXX coverage on the condominium master insurance policy does not constitute a post-closing deficiency. We respectfully request that this finding be removed, as the project qualifies for the Fannie Mae exception for condominium projects consisting of 20 units or fewer. - Seller-06/30/2026 |
Resolved-Property is one of 4 units. FNMAB7-4-02 indicates is required with exception for condo or co-op projects consisting of 20 units or less - Due Diligence Vendor-07/02/2026 |
LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50 Borrower has 15.08 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 732 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180438 | D | A | D | A | C | A | A | A | Closed | finding-3540 | 2026-06-26 11:56 | 2026-07-02 15:08 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-Timing requirements met, finding is resolved. - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. The CD from XXXX was sent to title for balancing. It was not sent to the borrower. See attached - Seller-07/01/2026 Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"USPS First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. ----- CD XXXX is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-06/26/2026 |
Ready for Review-Document Uploaded. The CD from XXXX was sent to title for balancing. It was not sent to the borrower. See attached - Seller-07/01/2026 |
Resolved-Timing requirements met, finding is resolved. - Due Diligence Vendor-07/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 796 LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50 Borrower has 31.17 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180438 | D | A | D | A | C | A | A | A | Closed | FCRE1325 | 2026-06-29 09:17 | 2026-07-02 14:51 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received CPA letter and verification confirming existence since XXXX and good standing ( XXXX.) CPA letter indicates current business expense is 10% - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. Attach is the CPA Letter. No issues found. - Seller-07/01/2026 Open-Borrower 1 CPA Letter Missing Per section 6.10.2 for S/E borrowers: A CPA Letter indicating self-employed history and confirming the borrower is a Schedule C/Sole Proprietor is required. Third-party verification that the business is in existence and in good standing is required. - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. Attach is the CPA Letter. No issues found. - Seller-07/01/2026 |
Resolved-Received CPA letter and verification confirming existence since XXXX and good standing (XXXX) CPA letter indicates current business expense is 10% - Due Diligence Vendor-07/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 796 LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50 Borrower has 31.17 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180460 | D | A | D | A | A | A | A | A | Closed | FCRE1252 | 2026-06-29 10:27 | 2026-07-06 11:06 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Lender provided full Title Document is Provided And Complete - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/30/2026 Open-Title Document is Incomplete Only Schedule A included in the loan. - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/30/2026 |
Resolved-Lender provided full Title Document is Provided And Complete - Due Diligence Vendor-07/06/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 749 LTV is less than guideline maximum - Required is 80 Borrower has 69 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180460 | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2026-06-26 10:32 | 2026-07-02 12:47 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Ex A legal description. There are no issues present on the Mortgage Document (Deed of Trust). - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/30/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Exhibit A - Due Diligence Vendor-06/26/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/30/2026 |
Resolved-Received Ex A legal description. There are no issues present on the Mortgage Document (Deed of Trust). - Due Diligence Vendor-07/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 749 LTV is less than guideline maximum - Required is 80 Borrower has 69 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180460 | D | A | D | A | A | A | A | A | Closed | FCRE1204 | 2026-06-29 13:14 | 2026-07-02 12:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Received XXXX for 2 parties on the LDP/EPLS list, all clear - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/30/2026 Open-Fraud Report Shows Uncleared Alerts GSA-EPLS STATUS-FAILED. Provide proof the fails were addressed - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/30/2026 |
Resolved-Received XXXX for 2 parties on the LDP/EPLS list, all clear - Due Diligence Vendor-07/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 749 LTV is less than guideline maximum - Required is 80 Borrower has 69 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180455 | D | B | D | A | C | B | A | A | Closed | FCRE1506 | 2026-06-29 11:29 | 2026-07-07 12:43 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received 2 yr P&L. The Final Reviewed QM Status is acceptable - Due Diligence Vendor-07/02/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/30/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing Income Documentation. - Due Diligence Vendor-06/29/2026 |
Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/30/2026 |
Resolved-Received 2 yr P&L. The Final Reviewed QM Status is acceptable - Due Diligence Vendor-07/02/2026 |
Verified employment history exceeds guidelines - Verified employment history exceeds guidelines – Employed 18+ Years – Minimum = 2 Years On time mortgage history exceeds guideline requirement - On Time Mortgage History = 32 Months Required = 12 months |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305180455 | D | B | D | A | C | B | A | A | Closed | finding-3634 | 2026-06-26 11:37 | 2026-07-06 12:56 | Cured | 2 - Non-Material | C | B | Compliance | TRID | Charges That Cannot Increase Test | Cured-Received PCCD XXXX with copy of letter, check and shipping Label. Finding is Cured. - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. - Seller-07/02/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $195.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $195 Credit Report Fee without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $195, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-06/26/2026 |
Ready for Review-Document Uploaded. - Seller-07/02/2026 |
Cured-Received PCCD XXXX with copy of letter, check and shipping Label. Finding is Cured. - Due Diligence Vendor-07/06/2026 |
Verified employment history exceeds guidelines - Verified employment history exceeds guidelines – Employed 18+ Years – Minimum = 2 Years On time mortgage history exceeds guideline requirement - On Time Mortgage History = 32 Months Required = 12 months |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180455 | D | B | D | A | C | B | A | A | Closed | finding-3352 | 2026-06-26 11:37 | 2026-07-06 12:56 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/30/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-06/26/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/30/2026 |
Verified employment history exceeds guidelines - Verified employment history exceeds guidelines – Employed 18+ Years – Minimum = 2 Years On time mortgage history exceeds guideline requirement - On Time Mortgage History = 32 Months Required = 12 months |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305180455 | D | B | D | A | C | B | A | A | Closed | FCRE1206 | 2026-06-29 06:32 | 2026-07-02 13:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/30/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Provide evidence that the Underwriter(s) are not on the Exclusionary Lists. - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/30/2026 |
Resolved-All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-07/02/2026 |
Verified employment history exceeds guidelines - Verified employment history exceeds guidelines – Employed 18+ Years – Minimum = 2 Years On time mortgage history exceeds guideline requirement - On Time Mortgage History = 32 Months Required = 12 months |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180455 | D | B | D | A | C | B | A | A | Closed | FCRE1205 | 2026-06-29 06:32 | 2026-07-02 13:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/30/2026 Open-OFAC Check Not Completed and/or Cleared Provide OFAC Check on the Underwriter(s). - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/30/2026 |
Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-07/02/2026 |
Verified employment history exceeds guidelines - Verified employment history exceeds guidelines – Employed 18+ Years – Minimum = 2 Years On time mortgage history exceeds guideline requirement - On Time Mortgage History = 32 Months Required = 12 months |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180455 | D | B | D | A | C | B | A | A | Closed | FCRE1356 | 2026-06-29 11:27 | 2026-07-02 13:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 YTD Profit & Loss Missing | Resolved-1 year P&L provided, net income supports income used to qualify - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/30/2026 Open-Borrower 2 YTD Profit & Loss Missing Provide Missing 24 Month P&L Statements to Support $49,016.62. - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-06/30/2026 |
Resolved-1 year P&L provided, net income supports income used to qualify - Due Diligence Vendor-07/02/2026 |
Verified employment history exceeds guidelines - Verified employment history exceeds guidelines – Employed 18+ Years – Minimum = 2 Years On time mortgage history exceeds guideline requirement - On Time Mortgage History = 32 Months Required = 12 months |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180503 | D | A | D | A | A | A | A | A | Closed | FCRE6019 | 2026-06-29 08:27 | 2026-07-02 13:48 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-ITIN borrower program, docs provided meet gl 2.4.1 - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. The loan was locked under the ITIN borrower program; therefore, citizenship documentation is not required for either borrower. Copies of both borrowers' ITIN letters were provided in accordance with XXXX program requirements. - Seller-06/30/2026 Open-Borrower Citizenship Documentation Is Missing Provide Missing Non-US Citizen Identification Document for B2. - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. The loan was locked under the ITIN borrower program; therefore, citizenship documentation is not required for either borrower. Copies of both borrowers' ITIN letters were provided in accordance with XXXX program requirements. - Seller-06/30/2026 |
Resolved-ITIN borrower program, docs provided meet gl 2.4.1 - Due Diligence Vendor-07/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 699 LTV is less than guideline maximum - LTV Required is 60% Borrower has 31.51%. Required is 60 Borrower has 31.51 Qualifying DTI below maximum allowed - Required is 50 Borrower has 6.63 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180503 | D | A | D | A | A | A | A | A | Closed | FCRE1205 | 2026-06-29 09:57 | 2026-07-02 13:45 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-07/02/2026 Open-OFAC Check Not Completed and/or Cleared - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. see the attached XXXX - Seller-06/30/2026 Open-OFAC Check Not Completed and/or Cleared Provide OFAC check on the Underwriter(s). - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. see the attached XXXX - Seller-06/30/2026 |
Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-07/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 699 LTV is less than guideline maximum - LTV Required is 60% Borrower has 31.51%. Required is 60 Borrower has 31.51 Qualifying DTI below maximum allowed - Required is 50 Borrower has 6.63 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180503 | D | A | D | A | A | A | A | A | Closed | FCRE6910 | 2026-06-29 09:57 | 2026-07-02 13:45 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-ITIN borrower program, docs provided meet gl 2.4.1 - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. The loan was locked under the ITIN borrower program; therefore, citizenship documentation is not required for either borrower. Copies of both borrowers' ITIN letters were provided in accordance with XXXX program requirements. - Seller-06/30/2026 Open-Borrower 1 Non-US Citizen Identification Document is Missing Provide Missing Non-US Citizen Identification Document for B1. - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. The loan was locked under the ITIN borrower program; therefore, citizenship documentation is not required for either borrower. Copies of both borrowers' ITIN letters were provided in accordance with XXXX program requirements. - Seller-06/30/2026 |
Resolved-ITIN borrower program, docs provided meet gl 2.4.1 - Due Diligence Vendor-07/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 699 LTV is less than guideline maximum - LTV Required is 60% Borrower has 31.51%. Required is 60 Borrower has 31.51 Qualifying DTI below maximum allowed - Required is 50 Borrower has 6.63 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180503 | D | A | D | A | A | A | A | A | Closed | FCRE1206 | 2026-06-29 09:57 | 2026-07-02 13:45 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received Fraud Report w/All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. See the attached DV - Seller-06/30/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Provide evience that the Underwriter(s) are not on the Exclusionary Lists. - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. See the attached DV - Seller-06/30/2026 |
Resolved-Received Fraud Report w/All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-07/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 699 LTV is less than guideline maximum - LTV Required is 60% Borrower has 31.51%. Required is 60 Borrower has 31.51 Qualifying DTI below maximum allowed - Required is 50 Borrower has 6.63 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180526 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305182237 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305182089 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305180535 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305180510 | C | A | C | A | A | A | A | A | Closed | FVAL5524 | 2026-06-30 11:36 | 2026-07-07 12:15 | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Property | Resolved-Subject is a nearly newbuild SB9 also knowns as XXXX. Subject has a permitted new built 2 story attached SB9 with 4 bedroom, 2 and half bathrooms, has a permitted detached new built 1 story accessory dwelling units with 2 bedrooms and 2 bathrooms and has a permitted new detached 1 story accessory dwelling unit with 2 bedrooms and 2 bathrooms ; Subject does meet guidelines. - Due Diligence Vendor-07/07/2026 Ready for Review-This response is provided in connection with the post-closing review finding asserting that the subject property is ineligible due to “two separate primary single-family residences on a single tax parcel.” The determination is not supported by the loan file documentation, appraisal, legal description, or applicable investor guidelines. The subject property is legally described as XXXX, confirming a single legal tax parcel with no subdivision or multiple legal parcels. Appraisal Findings The appraisal identifies the improvements as: One (1) primary single-family residence One (1) permitted SB9 improvement (new construction, 4 bedrooms / 2.5 bathrooms) Two (2) permitted accessory dwelling units (ADUs), each supported by Form 1007 rent schedules The appraisal does not classify the SB9 improvement as a second principal residence, nor does it state the existence of two legally separate single-family dwelling units on subdivided parcels. All improvements are presented as permitted and analyzed within the subject’s zoning context. Guideline Compliance at Time of Origination The loan was underwritten in accordance with Section 8.1.4 – Accessory Dwelling Units (ADU), which provides: ADU classification is determined by county and appraiser 1–4 unit properties with ADUs are eligible when supported by market data ADUs must be zoning-compliant and typical for the market area Rental income supported by Form 1007/1025 is acceptable for qualification The guideline does not prohibit permitted SB9 improvements or multiple ADUs within a 1–4 unit property classification, nor does it require reclassification as multifamily absent legal subdivision or zoning designation. Conclusion At the time of origination and closing: The subject was supported as a single legal parcel (1-unit property with permitted accessory improvements) The appraisal supported all improvements as permitted and market-typical Income was derived from appraiser-supported Form 1007 documentation No documentation indicated the property consisted of two legally separate principal dwellings Accordingly, the post-closing finding is based on a mischaracterization of the SB9 improvement and does not align with the appraisal, legal description, or applicable underwriting guidelines used for the transaction. We respectfully request that the finding be reconsidered and withdrawn as unsupported by the closed loan file documentation. - Seller-07/02/2026 Open-Fannie Mae (FNMA) prohibits financing two separate, primary single-family homes on a single tax parcel. The appraisal reflects the subject property also has a new built SB9 and 2 ADU's, all which are being qualified by the Lender with rental income, as reflected on separate 1007s in file. This property does not meet FNMA's guidelines, and is an ineligible property. - Due Diligence Vendor-06/30/2026 |
Ready for Review-This response is provided in connection with the post-closing review finding asserting that the subject property is ineligible due to “two separate primary single-family residences on a single tax parcel.” The determination is not supported by the loan file documentation, appraisal, legal description, or applicable investor guidelines. The subject property is legally described as XXXX, confirming a single legal tax parcel with no subdivision or multiple legal parcels. Appraisal Findings The appraisal identifies the improvements as: One (1) primary single-family residence One (1) permitted SB9 improvement (new construction, 4 bedrooms / 2.5 bathrooms) Two (2) permitted accessory dwelling units (ADUs), each supported by Form 1007 rent schedules The appraisal does not classify the SB9 improvement as a second principal residence, nor does it state the existence of two legally separate single-family dwelling units on subdivided parcels. All improvements are presented as permitted and analyzed within the subject’s zoning context. Guideline Compliance at Time of Origination The loan was underwritten in accordance with Section 8.1.4 – Accessory Dwelling Units (ADU), which provides: ADU classification is determined by county and appraiser 1–4 unit properties with ADUs are eligible when supported by market data ADUs must be zoning-compliant and typical for the market area Rental income supported by Form 1007/1025 is acceptable for qualification The guideline does not prohibit permitted SB9 improvements or multiple ADUs within a 1–4 unit property classification, nor does it require reclassification as multifamily absent legal subdivision or zoning designation. Conclusion At the time of origination and closing: The subject was supported as a single legal parcel (1-unit property with permitted accessory improvements) The appraisal supported all improvements as permitted and market-typical Income was derived from appraiser-supported Form 1007 documentation No documentation indicated the property consisted of two legally separate principal dwellings Accordingly, the post-closing finding is based on a mischaracterization of the SB9 improvement and does not align with the appraisal, legal description, or applicable underwriting guidelines used for the transaction. We respectfully request that the finding be reconsidered and withdrawn as unsupported by the closed loan file documentation. - Seller-07/02/2026 |
Resolved-Subject is a nearly newbuild SB9 also knowns as XXXX. Subject has a permitted new built 2 story attached SB9 with 4 bedroom, 2 and half bathrooms, has a permitted detached new built 1 story accessory dwelling units with 2 bedrooms and 2 bathrooms and has a permitted new detached 1 story accessory dwelling unit with 2 bedrooms and 2 bathrooms ; Subject does meet guidelines. - Due Diligence Vendor-07/07/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 777 DSCR % greater than 1.20 - Required is 1 Borrower has 2.268 LTV is less than guideline maximum - Required is 75 Borrower has 42.5 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305180466 | D | A | D | A | C | A | A | A | Closed | FCRE7497 | 2026-07-01 09:16 | 2026-07-16 15:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved- Received same lender refi CD and verification of #B PITI 1008/1003 - Due Diligence Vendor-07/16/2026 Ready for Review-Document Uploaded. Attached are the 1003, 1008 and Final CD of 3B. - Seller-07/15/2026 Counter-Upon further review, 1003 states REO 3B is financed with XXXX yet the mortgage statement provided is XXXX. Please provide executed CD from Refinance - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. This is a closed and funded loan. The TPR finding is not supported, as the documentation required to verify taxes and insurance for Property 3B was contained in the file at the time of underwriting. The XXXX mortgage statement provided for Property 3B reflects that the monthly mortgage payment includes principal, interest, taxes, and insurance (PITI) through an escrow account. As the mortgage statement verifies that both property taxes and hazard insurance are escrowed and included in the monthly payment, separate verification of taxes and insurance was not required. The underwriter had sufficient documentation to verify the housing expense for Property 3B based on the mortgage statement. Accordingly, this TPR finding is unsupported, as the documentation in the file satisfied the verification requirement at the time the loan was underwritten and approved. - Seller-07/01/2026 Open-Missing verification of taxes and insurance for property 3B that was recently refinanced - Due Diligence Vendor-07/01/2026 |
Ready for Review-Document Uploaded. Attached are the 1003, 1008 and Final CD of 3B. - Seller-07/15/2026 Ready for Review-Document Uploaded. This is a closed and funded loan. The TPR finding is not supported, as the documentation required to verify taxes and insurance for Property 3B was contained in the file at the time of underwriting. The XXXX mortgage statement provided for Property 3B reflects that the monthly mortgage payment includes principal, interest, taxes, and insurance (PITI) through an escrow account. As the mortgage statement verifies that both property taxes and hazard insurance are escrowed and included in the monthly payment, separate verification of taxes and insurance was not required. The underwriter had sufficient documentation to verify the housing expense for Property 3B based on the mortgage statement. Accordingly, this TPR finding is unsupported, as the documentation in the file satisfied the verification requirement at the time the loan was underwritten and approved. - Seller-07/01/2026 |
Resolved- Received same lender refi CD and verification of #B PITI 1008/1003 - Due Diligence Vendor-07/16/2026 |
Months Reserves exceed minimum required - 12.8 mos reserves; 0 mos required Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 774 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180466 | D | A | D | A | C | A | A | A | Closed | finding-3540 | 2026-06-29 14:00 | 2026-07-06 08:15 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-Received document tracking. Finding Resolved. - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. See attached - Seller-07/01/2026 Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"USPS First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. ----- CD XXXX is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is XXXX - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. See attached - Seller-07/01/2026 |
Resolved-Received document tracking. Finding Resolved. - Due Diligence Vendor-07/06/2026 |
Months Reserves exceed minimum required - 12.8 mos reserves; 0 mos required Qualifying FICO score is at least 20 points above minimum for program - Required is 640 Borrower has 774 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180435 | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305180433 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305180427 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305180439 | C | B | C | B | C | A | A | A | Closed | finding-3652 | 2026-06-29 12:33 | 2026-07-02 09:18 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received explanation that lender credit decreased with guidelines change COC, lender credit not listed on COC. Finding Resolved. - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. The lender credit went from $1411 to a discount of $470.25 due to a guideline exception. See attached - Seller-07/01/2026 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($1,411.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Lender credit decreased from $1,411.00 to $0.00 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $1,411.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. The lender credit went from $1411 to a discount of $470.25 due to a guideline exception. See attached - Seller-07/01/2026 |
Resolved-Received explanation that lender credit decreased with guidelines change COC, lender credit not listed on COC. Finding Resolved. - Due Diligence Vendor-07/02/2026 |
Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $11,537.26 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 754 Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.45 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180439 | C | B | C | B | C | A | A | A | Closed | finding-3634 | 2026-06-29 12:33 | 2026-07-02 09:18 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received explanation that fees increased with guidelines change COC, points not listed on COC. Finding Resolved. - Due Diligence Vendor-07/02/2026 Ready for Review-See other condition for docs and explanation - Seller-07/01/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $470.25.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $470.25 (Points - Loan Discount Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $470.25, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-06/29/2026 |
Ready for Review-See other condition for docs and explanation - Seller-07/01/2026 |
Resolved-Received explanation that fees increased with guidelines change COC, points not listed on COC. Finding Resolved. - Due Diligence Vendor-07/02/2026 |
Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $11,537.26 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 754 Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.45 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | XXXX | 305180439 | C | B | C | B | C | A | A | A | Closed | finding-3352 | 2026-06-29 12:33 | 2026-07-02 09:18 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/01/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-06/29/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/01/2026 |
Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $11,537.26 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 754 Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.45 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305180439 | C | B | C | B | C | A | A | A | Closed | FCRE1198 | 2026-06-30 08:56 | 2026-06-30 14:34 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Originator exception granted to allow 3 months of reserves versus six months required. Non-material waiver applied with comp factors. - Due Diligence Vendor-06/30/2026 Open-Audited Reserves of 3.65 month(s) are less than Guideline Required Reserves of 6 month(s) Missing satisfactory documentation evidencing sufficient funds to meet minimum reserve requirements. Exception granted to allow 3 months. - Due Diligence Vendor-06/30/2026 |
Waived-Originator exception granted to allow 3 months of reserves versus six months required. Non-material waiver applied with comp factors. - Due Diligence Vendor-06/30/2026 |
Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income: $11,537.26 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 754 Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.45 |
FICO is 20+ guideline minimum DRI 5% below maximum allowed by guidelines |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | XXXX | 305180502 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305180450 | C | A | C | A | C | A | A | A | Closed | FCRE5790 | 2026-06-30 13:42 | 2026-07-06 14:58 | Resolved | 1 - Information | C | A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Received rebuttal, Fraud/Drive report last scored XXXX for UDM - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. The Gap Credit Report was fully compliant at the time of loan consummation. The final Document Verification (DV) was completed on XXXX, and the Closing Disclosure (CD) was signed on XXXX.The gap between verification and closing was exactly one (1) day, which complies with the maximum 10-day pre-closing requirement. The loan is closed and funded. Please clear this finding based on the system timestamps provided. - Seller-07/02/2026 Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-06/30/2026 |
Ready for Review-Document Uploaded. The Gap Credit Report was fully compliant at the time of loan consummation. The final Document Verification (DV) was completed on XXXX, and the Closing Disclosure (CD) was signed on XXXX.The gap between verification and closing was exactly one (1) day, which complies with the maximum 10-day pre-closing requirement. The loan is closed and funded. Please clear this finding based on the system timestamps provided. - Seller-07/02/2026 |
Resolved-Received rebuttal, Fraud/Drive report last scored XXXX for UDM - Due Diligence Vendor-07/06/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.04 Long term residence - Borrower at current residence for 5+ years. |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180450 | C | A | C | A | C | A | A | A | Closed | finding-3352 | 2026-06-29 12:22 | 2026-07-01 09:25 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/01/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-06/29/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/01/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.04 Long term residence - Borrower at current residence for 5+ years. |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305180464 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305180415 | D | A | D | A | C | A | A | A | Closed | FCRE1440 | 2026-06-29 18:37 | 2026-07-14 11:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOM for 3b REO reflecting 0x30 10 mo. life of loan. - Due Diligence Vendor-07/14/2026 Ready for Review-Document Uploaded. The borrower acquired the property located at XXXX in XXXX; therefore, the first mortgage payment was due on XXXX. Accordingly, the XXXX payment history provided covers the period from XXXX through XXXX. - Seller-07/10/2026 Open-Housing History Does Not Meet Guideline Requirements Missing a 12 month payment history for property 3B (mortgage statement provided shows both in the business and in the borrower's name) - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. The borrower acquired the property located at XXXX in XXXX; therefore, the first mortgage payment was due on XXXX. Accordingly, the XXXX payment history provided covers the period from XXXX. - Seller-07/10/2026 |
Resolved-Received VOM for 3b REO reflecting 0x30 10 mo. life of loan. - Due Diligence Vendor-07/14/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 780 Qualifying DTI below maximum allowed - Required is 50 Borrower has 35.24 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180415 | D | A | D | A | C | A | A | A | Closed | FCRE7806 | 2026-06-29 18:24 | 2026-07-02 13:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Bank Statement Summary/Lender Worksheet is Missing | Resolved-Received the lender income worksheets. - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. attached are both income worksheets for both accounts - Seller-07/02/2026 Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing for both businesses - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. attached are both income worksheets for both accounts - Seller-07/02/2026 |
Resolved-Received the lender income worksheets. - Due Diligence Vendor-07/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 780 Qualifying DTI below maximum allowed - Required is 50 Borrower has 35.24 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180415 | D | A | D | A | C | A | A | A | Closed | FCRE1479 | 2026-06-29 19:02 | 2026-07-02 13:11 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Removed the asset in the business name, sufficient assets verified in the file to meet reserves and cash to close. - Due Diligence Vendor-07/02/2026 Ready for Review-Document Uploaded. In reviewing the assets provided by the borrower and if the XXXX assets acct XXXX were to be omitted the borrower would continue to have sufficient funds available for the COE in the amount of $39,306.98 + Gift of $12,000. The borrower would have $51,306.98 available assets for the COE (see attached). The loan file required $11,305.57 for the COE + 11,762.82 in 6/mo reserves for a total of $23,068.39 was used for the COE. - Seller-06/30/2026 Open-Asset Record 1 Does Not Meet G/L Requirements Missing CPA letter describing potential business impact for business account with XXXX on account XXXX. XXXX. - Due Diligence Vendor-06/29/2026 |
Ready for Review-Document Uploaded. In reviewing the assets provided by the borrower and if the XXXX assets acct XXXX were to be omitted the borrower would continue to have sufficient funds available for the COE in the amount of $39,306.98 + Gift of $12,000. The borrower would have $51,306.98 available assets for the COE (see attached). The loan file required $11,305.57 for the COE + 11,762.82 in 6/mo reserves for a total of $23,068.39 was used for the COE. - Seller-06/30/2026 |
Resolved-Removed the asset in the business name, sufficient assets verified in the file to meet reserves and cash to close. - Due Diligence Vendor-07/02/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 780 Qualifying DTI below maximum allowed - Required is 50 Borrower has 35.24 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180415 | D | A | D | A | C | A | A | A | Closed | finding-3352 | 2026-06-29 12:34 | 2026-07-01 09:27 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/30/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-06/29/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-06/30/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 780 Qualifying DTI below maximum allowed - Required is 50 Borrower has 35.24 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305180528 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305180473 | D | B | D | A | C | B | A | A | Closed | finding-3634 | 2026-06-30 11:46 | 2026-07-10 12:33 | Cured | 2 - Non-Material | C | B | Compliance | TRID | Charges That Cannot Increase Test | Cured-Received PCCD XXXX with copy of letter, check and shipping Label. Finding is Cured. - Due Diligence Vendor-07/10/2026 Ready for Review-Document Uploaded. - Seller-07/09/2026 Counter-The $125.10 cure on final CD was not enough to cure finding. The $125.10 covered the increase of the Credit report, but the Transfer Tax went up by $1.00 from $63.00 to $64.00. Please provide a COC or cure for this increase. Finding Remains. - Due Diligence Vendor-07/07/2026 Ready for Review-Document Uploaded. The $125.10 was cured on the final CD. Please see attached and revise condition. - Seller-07/06/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $126.10.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $1.00 (State Tax/Stamps) & $125.10 (Credit Report Fee) without a valid COC in file. Final CD included a Lender credit of $125.10 for increase in closing cost above legal limit. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $1.00 post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-06/30/2026 |
Ready for Review-Document Uploaded. - Seller-07/09/2026 Ready for Review-Document Uploaded. The $125.10 was cured on the final CD. Please see attached and revise condition. - Seller-07/06/2026 |
Cured-Received PCCD XXXX with copy of letter, check and shipping Label. Finding is Cured. - Due Diligence Vendor-07/10/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 36.04 Months Reserves exceed minimum required - Lender minimum 6m PITIA, borrower reserves 14.7m. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180473 | D | B | D | A | C | B | A | A | Closed | FCRE1206 | 2026-06-30 14:43 | 2026-07-07 12:59 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received updated Fraud report, All Interested Parties Checked against Exclusionary Lists/OFAC - Due Diligence Vendor-07/07/2026 Ready for Review-Document Uploaded. Attached is the Final XXXX Report with updated LPA. - Seller-07/02/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Missing Seller Agent, Seller Realty Company, Buyer Agent from Participant List search. - Due Diligence Vendor-06/30/2026 |
Ready for Review-Document Uploaded. Attached is the Final XXXX Report with updated LPA. - Seller-07/02/2026 |
Resolved-Received updated Fraud report, All Interested Parties Checked against Exclusionary Lists/OFAC - Due Diligence Vendor-07/07/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 36.04 Months Reserves exceed minimum required - Lender minimum 6m PITIA, borrower reserves 14.7m. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180473 | D | B | D | A | C | B | A | A | Closed | FCRE6910 | 2026-06-30 14:43 | 2026-07-07 12:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Received Valid Borrower 1 Non-US Citizen Identification Document is present - Due Diligence Vendor-07/07/2026 Ready for Review-Document Uploaded. Attached is the front and back copy of the EAD. - Seller-07/06/2026 Open-Borrower 1 Non-US Citizen Identification Document is Missing Borrower Citizenship Documentation Is Missing - Due Diligence Vendor-06/30/2026 |
Ready for Review-Document Uploaded. Attached is the front and back copy of the EAD. - Seller-07/06/2026 |
Resolved-Received Valid Borrower 1 Non-US Citizen Identification Document is present - Due Diligence Vendor-07/07/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 36.04 Months Reserves exceed minimum required - Lender minimum 6m PITIA, borrower reserves 14.7m. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180453 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305180522 | D | A | D | A | A | A | A | A | Closed | FCRE1157 | 2026-06-30 10:43 | 2026-07-06 11:31 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Lender provided hazard policy - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. Attached is a copy of the properties HOI with sufficient coverage of XXXX and an annual premium of XXXX. Plus, a copy of the final settlement statement that reflects the annual premium was collected with the COE. - Seller-07/01/2026 Open-Missing Hazard Insurance Policy Provide HOI policy. - Due Diligence Vendor-07/01/2026 |
Ready for Review-Document Uploaded. Attached is a copy of the properties HOI with sufficient coverage of XXXX and an annual premium of XXXX. Plus, a copy of the final settlement statement that reflects the annual premium was collected with the COE. - Seller-07/01/2026 |
Resolved-Lender provided hazard policy - Due Diligence Vendor-07/06/2026 |
Months Reserves exceed minimum required - Min 6, actual 8.61 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 784 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180429 | D | A | D | A | A | A | A | A | Closed | FCRE1206 | 2026-07-01 13:19 | 2026-07-07 14:36 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received Fraud Report. - Due Diligence Vendor-07/07/2026 Ready for Review-Document Uploaded. Attached is the Final XXXX with updated LPA. - Seller-07/03/2026 Open-All Interested Parties Not Checked with Exclusionary Lists for the Seller (XXXX). - Due Diligence Vendor-07/01/2026 |
Ready for Review-Document Uploaded. Attached is the Final XXXX with updated LPA. - Seller-07/03/2026 |
Resolved-Received Fraud Report. - Due Diligence Vendor-07/07/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 812 LTV is less than guideline maximum - Required is 90 Borrower has 80 Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.82 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180429 | D | A | D | A | A | A | A | A | Closed | FCRE1205 | 2026-07-01 13:19 | 2026-07-07 14:36 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received Fraud Report - Due Diligence Vendor-07/07/2026 Ready for Review-Document Uploaded. No matches found in OFAC for seller _XXXX. - Seller-07/03/2026 Open-OFAC Check Not Completed and/or Cleared for the Seller (XXXX). - Due Diligence Vendor-07/01/2026 |
Ready for Review-Document Uploaded. No matches found in OFAC for seller _XXXX. - Seller-07/03/2026 |
Resolved-Received Fraud Report - Due Diligence Vendor-07/07/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 812 LTV is less than guideline maximum - Required is 90 Borrower has 80 Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.82 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180429 | D | A | D | A | A | A | A | A | Closed | FCRE1252 | 2026-07-01 13:28 | 2026-07-07 14:31 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Received CD reflecting pay of of lien. - Due Diligence Vendor-07/07/2026 Ready for Review-Document Uploaded. - Seller-07/03/2026 Ready for Review-The finding states that the title document is incomplete due to the absence of a title supplement reflecting that Exception #15 (XXXX lien) was omitted. This was a purchase transaction, and Exception #15 pertained to a lien against the seller, not the borrower. The Closing Disclosure evidences that the lien was satisfied at closing, reflecting a payoff to the XXXX in the amount of XXXX from the seller's proceeds. Accordingly, the seller's obligation was paid as part of the closing transaction. Absent evidence that the final title policy continued to list this lien as an exception or that the lender's title coverage was adversely affected, the lack of a separate title supplement does not, by itself, constitute a post-closing documentation deficiency. Based on the documentation contained in the closed loan file, the seller's tax lien was satisfied at closing, and the finding is not supported by the available evidence. - Seller-07/03/2026 Open-Title Document is Incomplete Title Document is Incomplete. Missing copy of the Title Supplement reflecting #15 tax lien has been omitted. - Due Diligence Vendor-07/01/2026 |
Ready for Review-Document Uploaded. - Seller-07/03/2026 Ready for Review-The finding states that the title document is incomplete due to the absence of a title supplement reflecting that Exception #15 (XXXX) was omitted. This was a purchase transaction, and Exception #15 pertained to a lien against the seller, not the borrower. The Closing Disclosure evidences that the lien was satisfied at closing, reflecting a payoff to the XXXX in the amount of XXXX from the seller's proceeds. Accordingly, the seller's obligation was paid as part of the closing transaction. Absent evidence that the final title policy continued to list this lien as an exception or that the lender's title coverage was adversely affected, the lack of a separate title supplement does not, by itself, constitute a post-closing documentation deficiency. Based on the documentation contained in the closed loan file, the seller's tax lien was satisfied at closing, and the finding is not supported by the available evidence. - Seller-07/03/2026 |
Resolved-Received CD reflecting pay of of lien. - Due Diligence Vendor-07/07/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 812 LTV is less than guideline maximum - Required is 90 Borrower has 80 Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.82 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180496 | C | A | C | A | A | A | A | A | Closed | FCRE1205 | 2026-06-30 12:19 | 2026-07-06 16:50 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/02/2026 Open-OFAC Check Not Completed and/or Cleared Missing searches for seller. - Due Diligence Vendor-06/30/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-07/02/2026 |
Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-07/06/2026 |
Long term residence - Long Term Residence = 4+ years Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 803 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180491 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-30 13:09 | 2026-07-06 15:08 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received mortgage rating for 12 months, proof property sold and new lease agreement - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. It should be noted that Borrower 2 (B2) sold his primary residence on XXXX, and the XXXX was paid in full at closing. The mortgage was paid as agreed from XXXX through XXXX, providing a satisfactory four-year primary housing payment history. Following the sale, the lease included in the loan file commenced on XXXX, with a prorated initial rent payment of XXXX. Accordingly, the loan file documents the required 12-month primary housing history in compliance with the applicable guidelines. - Seller-07/01/2026 Open-Housing History Does Not Meet Guideline Requirements B2: Provide missing VOR to verify housing rental payment history. - Due Diligence Vendor-06/30/2026 |
Ready for Review-Document Uploaded. It should be noted that Borrower 2 (B2) sold his primary residence on XXXX, and the XXXX was paid in full at closing. The mortgage was paid as agreed from XXXX through XXXX, providing a satisfactory four-year primary housing payment history. Following the sale, the lease included in the loan file commenced on XXXX, with a prorated initial rent payment of XXXX. Accordingly, the loan file documents the required 12-month primary housing history in compliance with the applicable guidelines. - Seller-07/01/2026 |
Resolved-Received mortgage rating for 12 months, proof property sold and new lease agreement - Due Diligence Vendor-07/06/2026 |
Months Reserves exceed minimum required - Lender minimum reserves 3m PITIA, borrower reserves 18.09m. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 784 Required is 700 Borrower has 784 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180418 | C | A | C | A | A | A | A | A | Closed | FCRE1205 | 2026-06-30 13:40 | 2026-07-06 16:01 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/02/2026 Open-OFAC Check Not Completed and/or Cleared Missing search for seller(s). - Due Diligence Vendor-06/30/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-07/02/2026 |
Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-07/06/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 787 Months Reserves exceed minimum required - Min 6, actual 98 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180436 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305180531 | B | B | A | A | A | A | B | B | Closed | FPRO9876 | 2026-07-06 16:47 | 2026-07-06 17:09 | Waived | 2 - Non-Material | B | B | Property | Value | Review Product 1 > 10% OR Review Product 2 > 10% S&P B Grade | Waived-File contains 2 secondary valuations of which one does not support, therefore, waiver has been applied to non-material finding. - Due Diligence Vendor-07/06/2026 Open-XXXX value equals B, secondary product within tolerance. This finding will be rated a B for XXXX. All other agencies will be rated as A. . - Due Diligence Vendor-07/06/2026 |
Waived-File contains 2 secondary valuations of which one does not support, therefore, waiver has been applied to non-material finding. - Due Diligence Vendor-07/06/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 796 LTV is less than guideline maximum - Required is 80 Borrower has 46.23 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | XXXX | |||
| XXXX | XXXX | 305180485 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305180424 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-07-01 11:30 | 2026-07-06 16:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOR - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/02/2026 Open-Housing History Does Not Meet Guideline Requirements Missing - Rent free Letter. - Due Diligence Vendor-07/01/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-07/02/2026 |
Resolved-Received VOR - Due Diligence Vendor-07/06/2026 |
Qualifying FICO score is at least 20 points above minimum for program - . Required is 720 Borrower has 745 Months Reserves exceed minimum required - . |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180459 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-07-01 10:51 | 2026-07-06 16:39 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOR. - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/02/2026 Open-Housing History Does Not Meet Guideline Requirements Missing VOR for borrowers primary residence. - Due Diligence Vendor-07/01/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-07/02/2026 |
Resolved-Received VOR. - Due Diligence Vendor-07/06/2026 |
Months Reserves exceed minimum required - 3 mo req - have 9.33 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.046 Required is 0.8 Borrower has 1.046 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180471 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305180451 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-07-01 13:23 | 2026-07-06 16:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOR - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. Attached is the VOR for primary residence. - Seller-07/02/2026 Open-Housing History Does Not Meet Guideline Requirements Missing VOR - 12 months payment history on primary residence. Additional findings may apply. - Due Diligence Vendor-07/01/2026 |
Ready for Review-Document Uploaded. Attached is the VOR for primary residence. - Seller-07/02/2026 |
Resolved-Received VOR - Due Diligence Vendor-07/06/2026 |
Months Reserves exceed minimum required - Months Reserves 38 exceed minimum required OF 6 Credit history exceeds minimum required - Credit History = 59 Months Minimum Credit History = 12 Months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180488 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2026-07-01 14:08 | 2026-07-07 13:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received corrected 1003 and 1008 and confirmation no HOA on primary residence. - Due Diligence Vendor-07/07/2026 Ready for Review-Document Uploaded. The primary residence does not have HOA dues. See attached XXXX screenshot and revised 1003 and 1008. - Seller-07/02/2026 Open-Provide Missing HOA for Property 3B listed on loan application as Primary residence. See Worksheet the Lender is using $100 for HOA per final 1003. - Due Diligence Vendor-07/01/2026 |
Ready for Review-Document Uploaded. The primary residence does not have HOA dues. See attached XXXX screenshot and revised 1003 and 1008. - Seller-07/02/2026 |
Resolved-Received corrected 1003 and 1008 and confirmation no HOA on primary residence. - Due Diligence Vendor-07/07/2026 |
Months Reserves exceed minimum required - The Borrower has 79.17 months in reserves; 3 months required. Qualifying DTI below maximum allowed - DTI Required is 50% Borrower has 19.47%. Required is 50 Borrower has 19.47 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180504 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305180508 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305180479 | D | A | D | A | C | A | A | A | Closed | FCRE1347 | 2026-07-01 14:56 | 2026-07-07 13:06 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 3rd Party VOE Prior to Close Missing | Resolved-Received VVOE for Borrower 2 - Due Diligence Vendor-07/07/2026 Ready for Review-Document Uploaded. See the attached VVOE completed on XXXX - Seller-07/02/2026 Open-Borrower 2 3rd Party VOE Prior to Close Missing Provide missing VVOE for B2. - Due Diligence Vendor-07/01/2026 |
Ready for Review-Document Uploaded. See the attached VVOE completed on XXXX - Seller-07/02/2026 |
Resolved-Received VVOE for Borrower 2 - Due Diligence Vendor-07/07/2026 |
Qualifying FICO score is at least 20 points above minimum for program - FICO Required is 620 Borrower has 749. Required is 620 Borrower has 728 Months Reserves exceed minimum required - The Borrower has 11.99 months in reserves; guideline minimum is 6 months. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180479 | D | A | D | A | C | A | A | A | Closed | finding-3540 | 2026-07-01 12:34 | 2026-07-07 07:47 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-Received copy, borrower received at closing. - Due Diligence Vendor-07/07/2026 Ready for Review-Document Uploaded. See attached - Seller-07/06/2026 Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"USPS First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. -----CD XXXX is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-07/01/2026 |
Ready for Review-Document Uploaded. See attached - Seller-07/06/2026 |
Resolved-Received copy, borrower received at closing. - Due Diligence Vendor-07/07/2026 |
Qualifying FICO score is at least 20 points above minimum for program - FICO Required is 620 Borrower has 749. Required is 620 Borrower has 728 Months Reserves exceed minimum required - The Borrower has 11.99 months in reserves; guideline minimum is 6 months. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180481 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305180428 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305180478 | D | A | D | A | A | A | A | A | Closed | FCRE6019 | 2026-07-02 09:02 | 2026-07-15 16:02 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Received I765-Received XXXX which states if received date on this notice is before Card Expires date on EAD - eligible for 540 extension from expiration printed on EAD. EAD valid from XXXX, 540d is XXXX - Due Diligence Vendor-07/15/2026 Ready for Review-Document Uploaded. XXXX guidelines 2.1.3 indicates that for EADS Card that are expired the borrower must provide evidence of an application. We previously provided a copy of the borrower's I765 with a received date of 01/12/25 and a notice date of 01/15/25. It should be noted that the borrower already had an EAD card issue which expired on XXXX and filed an application prior to expiring as required for a renewal. The XXXX search of EAD renewals indicate that any filing prior to XXXX they are eligible for an automatic renewal. - Seller-07/14/2026 Counter-Received I1765 application for employment authorization. Class requested is not eligible for auto renewal. Provide unexpired Employment Authorization. - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. Attached is the I-765 Application for employment Authorization received XXXX with a notice date of XXXX. No issues found. - Seller-07/02/2026 Open-Borrower Citizenship Documentation Is Missing Missing Non permanent residence documentations, Provide unexpired Employment Authorization. - Due Diligence Vendor-07/02/2026 |
Ready for Review-Document Uploaded. XXXX guidelines 2.1.3 indicates that for EADS Card that are expired the borrower must provide evidence of an application. We previously provided a copy of the borrower's I765 with a received date of XXXX and a notice date of XXXX. It should be noted that the borrower already had an EAD card issue which expired on 02/17/25 and filed an application prior to expiring as required for a renewal. The XXXX search of EAD renewals indicate that any filing prior to XXXX they are eligible for an automatic renewal. - Seller-07/14/2026 Ready for Review-Document Uploaded. Attached is the I-765 Application for employment Authorization received XXXX with a notice date of XXXX. No issues found. - Seller-07/02/2026 |
Resolved-Received I765-Received XXXX which states if received date on this notice is before Card Expires date on EAD - eligible for 540 extension from expiration printed on EAD. EAD valid from XXXX, 540d is XXXX - Due Diligence Vendor-07/15/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 751 which exceeds the minimum of 680 Required is 680 Borrower has 751 Qualifying DTI below maximum allowed - DTI of 44.14% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 44.14 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180509 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305180486 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305193641 | D | A | D | A | A | A | A | A | Closed | FCRE1468 | 2026-07-05 17:43 | 2026-07-08 12:57 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Asset 2 Missing | Resolved-Received XXXX statement from XXXX High Yield savings reflecting borrower is owner of the account. - Due Diligence Vendor-07/08/2026 Ready for Review-Document Uploaded. Attached is XXXX High Yield Savings Acct statement XXXX showing owner is XXXX. - Seller-07/06/2026 Open-Asset 2 Missing Provide Missing statement XXXX-audit used stated amount on the application. Borrower must be 100% owner and/or show proof of ownership, additional findings may apply. - Due Diligence Vendor-07/05/2026 |
Ready for Review-Document Uploaded. Attached is XXXX High Yield Savings Acct statement XXXX showing owner is XXXX. - Seller-07/06/2026 |
Resolved-Received XXXX statement from XXXX High Yield savings reflecting borrower is owner of the account. - Due Diligence Vendor-07/08/2026 |
Qualifying FICO score is at least 20 points above minimum for program - FICO Required is 680 Borrower has 780. Required is 680 Borrower has 780 Credit history exceeds minimum required - The Borrower has 0x30 for more than 12 months on the consumer credit history. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180483 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-07-02 09:32 | 2026-07-06 16:14 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOR - Due Diligence Vendor-07/06/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/02/2026 Open-Housing History Does Not Meet Guideline Requirements The Borrower must provide the last 12 months of housing history for his primary residence. A VOR completed by the landlord or property management company is required and must be provided. - Due Diligence Vendor-07/02/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-07/02/2026 |
Resolved-Received VOR - Due Diligence Vendor-07/06/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 817 Required is 700 Borrower has 817 Months Reserves exceed minimum required - 14.03 months of reserves exceeds the 6 months minimum required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305193629 | B | B | B | B | A | A | A | A | Closed | FCRE0210 | 2026-07-06 12:28 | 2026-07-07 08:36 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | XXXX Prepayment Penalty Entity Loan - LLC/LP/LLP | Waived-Waiver applied to non-material finding. Loan closed in an Entity Name. - Due Diligence Vendor-07/07/2026 Open-Per XXXX a prepayment penalty may only be applied to corporations, C-Corp, and S-Corp specifically. Under XXXX, a prepayment penalty is not permitted to be charged to an LLC. The Loan in currently is a LLC; does not meet guidelines. - Due Diligence Vendor-07/06/2026 |
Waived-Waiver applied to non-material finding. Loan closed in an Entity Name. - Due Diligence Vendor-07/07/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 753 Required is 680 Borrower has 753 Months Reserves exceed minimum required - The Borrower has 30.58 months in reserves; 6 months required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | XXXX | |||
| XXXX | XXXX | 305180484 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305180426 | C | A | C | A | A | A | A | A | Closed | FCRE8701 | 2026-07-07 11:13 | 2026-07-09 13:09 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received fully executed Operating Agreement - Due Diligence Vendor-07/09/2026 Ready for Review-Document Uploaded. Please see attached - Seller-07/08/2026 Open-The Business Entity Formation Document is Missing. Operating Agreement provided is not executed. Provide an Operating Agreement executed by all parties. Additional findings may apply. - Due Diligence Vendor-07/07/2026 |
Ready for Review-Document Uploaded. Please see attached - Seller-07/08/2026 |
Resolved-Received fully executed Operating Agreement - Due Diligence Vendor-07/09/2026 |
LTV is less than guideline maximum - LTV Required is 75% Borrower has 60%. Required is 75 Borrower has 60 Qualifying FICO score is at least 20 points above minimum for program - FICO Required is 640 Borrower has 770. Required is 640 Borrower has 770 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180432 | C | A | A | A | C | A | A | A | Closed | finding-3617 | 2026-07-06 09:15 | 2026-07-10 09:03 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID Initial Closing Disclosure Date and Funding Date Validation Test | Resolved-Received PCCD XXXX. Finding Resolved. - Due Diligence Vendor-07/10/2026 Ready for Review-Document Uploaded. See attached - Seller-07/09/2026 Open-This loan failed the TRID closing disclosure date and funding date validation test.This loan contains a closing disclosure receipt date (or closing disclosure delivery date if receipt date was not provided) that is after the funding date. Please review the loan data to ensure the dates are in the correct fields. -----Final CD shows disbursement date of XXXX, but closing date is XXXX. Provide evidence the loan did not disburse prior to closing. [Please provide a corrected PCCD] - Due Diligence Vendor-07/06/2026 |
Ready for Review-Document Uploaded. See attached - Seller-07/09/2026 |
Resolved-Received PCCD XXXX. Finding Resolved. - Due Diligence Vendor-07/10/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 17.29 LTV is less than guideline maximum - Required is 85 Borrower has 79.9 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 739 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180432 | C | A | A | A | C | A | A | A | Closed | finding-3540 | 2026-07-06 09:37 | 2026-07-10 09:03 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-Received document tracking. Finding Resolved. - Due Diligence Vendor-07/10/2026 Ready for Review-Document Uploaded. See attached - Seller-07/09/2026 Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"USPS First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. ----- CD XXXX and CD XXXX is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is XXXX. - Due Diligence Vendor-07/06/2026 |
Ready for Review-Document Uploaded. See attached - Seller-07/09/2026 |
Resolved-Received document tracking. Finding Resolved. - Due Diligence Vendor-07/10/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 17.29 LTV is less than guideline maximum - Required is 85 Borrower has 79.9 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 739 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180432 | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2026-07-06 09:37 | 2026-07-10 09:03 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received document tracking. Finding Resolved. - Due Diligence Vendor-07/10/2026 Ready for Review-Document Uploaded. The $995 was cured The loan docs were redrawn on XXXX due to a delay in closing. It is a valid fee, but there is no COC - Seller-07/09/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $1,170.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Zero (0%) tolerance fees increased by $1175 (Document Redraw Fee $175 and Third Party Processing Fee $995) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $175, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expiresXXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C There is a valid Coc (There is a valid Coc for the added redraw fee on page 441) and (There is also a lender credit for fees above legal limit for fees above legal limit on Final Cd XXXX in the amount of $995.00. Resolved). Also, missing evidence of borrower's receipt of CD issued XXXX and XXXX, please provide.] - Due Diligence Vendor-07/06/2026 |
Ready for Review-Document Uploaded. The $995 was cured The loan docs were redrawn on XXXX due to a delay in closing. It is a valid fee, but there is no COC - Seller-07/09/2026 |
Resolved-Received document tracking. Finding Resolved. - Due Diligence Vendor-07/10/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 17.29 LTV is less than guideline maximum - Required is 85 Borrower has 79.9 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 739 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180430 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305180419 | D | B | D | B | A | A | A | A | Closed | FCRE1325 | 2026-07-07 13:11 | 2026-07-20 16:12 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-CPA letter, verification of license, and SOS for business were all provided. - Due Diligence Vendor-07/20/2026 Counter-Received SOS dated XXXX and SOS from XXXX that does not confirm borrowers affiliation with company. Unable to confirm 2 yrs self employment with documents provided. Lender to provide prior year filings to confirm 2 yr history. - Due Diligence Vendor-07/15/2026 Ready for Review-Document Uploaded. The wording used in the CPA's letter may be misleading because it references "12 months of operation," when it was intended to indicate that 12 months of business bank statements were provided. Attached is a copy of the Secretary of State filing for XXXX., which confirms that the business has been in existence since XXXX and that the borrower has been operating the business for 2+ years. - Seller-07/13/2026 Counter-Received CPA letter, it states borrower has been involved in daily ops for the last 12 months. Letter also states XXXX has been in business since XXXX yet borrower only involved for past 12 months. 1003 states borrower SE for past 8 years, although this is a 12 month bank statement need confirmation of the 2 year employment history - Due Diligence Vendor-07/10/2026 Ready for Review-Document Uploaded. See the attached CPA letter and CPA verification - Seller-07/09/2026 Open-Borrower 1 CPA Letter Missing Provide Missing CPA Letter. Attestation from a Certified Public Accountant (CPA), IRS Enrolled Agent (EA), CTEC registered tax preparer, PTIN holder, or Tax Attorney confirming they have filed or reviewed at least the previous year of tax returns. The letter must be signed and dated, include the preparer’s license number, and the preparer may not be an employee or relative of the borrower. - Due Diligence Vendor-07/07/2026 |
Ready for Review-Document Uploaded. The wording used in the CPA's letter may be misleading because it references "12 months of operation," when it was intended to indicate that 12 months of business bank statements were provided. Attached is a copy of the Secretary of State filing for XXXX., which confirms that the business has been in existence since XXXX and that the borrower has been operating the business for 2+ years. - Seller-07/13/2026 Ready for Review-Document Uploaded. See the attached CPA letter and CPA verification - Seller-07/09/2026 |
Resolved-CPA letter, verification of license, and SOS for business were all provided. - Due Diligence Vendor-07/20/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.45 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 729 LTV is less than guideline maximum - Required is 90 Borrower has 75 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180419 | D | B | D | B | A | A | A | A | Closed | FPRO1249 | 2026-07-07 12:31 | 2026-07-07 16:10 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Neighborhood Location Not Allowed for Program | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-07/07/2026 Open-Primary Value Valuation Neighborhood Location Not Allowed for Program EXCEPTION: Requesting exception to allow rural property at XXXX acres. Guideline: Current guides allow up to 20 acres - Due Diligence Vendor-07/07/2026 |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-07/07/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.45 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 729 LTV is less than guideline maximum - Required is 90 Borrower has 75 |
0x30x24 housing LTV 20% less than max Years on Job 8 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | XXXX | 305182082 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305180521 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305180498 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305180506 | C | A | C | A | A | A | C | A | Closed | FVAL2477 | 2026-07-07 10:37 | 2026-07-15 16:58 | Resolved | 1 - Information | C | A | Property | Appraisal | Appraisal incomplete (missing map, layout, pages, etc.) | Resolved-Received update Appraisal with Kitchen pictures for Unit 1 and Unit 3. - Due Diligence Vendor-07/15/2026 Ready for Review-Document Uploaded. Attached is the Appraisal report with updated photos of unit 1 kitchen and unit 3 kitchen. - Seller-07/14/2026 Open-Picture of the kitchen for unit 1 and unit 3 are the same picture. - Due Diligence Vendor-07/07/2026 |
Ready for Review-Document Uploaded. Attached is the Appraisal report with updated photos of unit 1 kitchen and unit 3 kitchen. - Seller-07/14/2026 |
Resolved-Received update Appraisal with Kitchen pictures for Unit 1 and Unit 3. - Due Diligence Vendor-07/15/2026 |
Months Reserves exceed minimum required - 13.34 months of reserves exceeds the 3 months minimum required. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 733 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180506 | C | A | C | A | A | A | C | A | Closed | FCRE1479 | 2026-07-06 20:23 | 2026-07-15 16:56 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Received Operating Agreement. 100% owner. - Due Diligence Vendor-07/15/2026 Ready for Review-Document Uploaded. Attach is the Operating Agreement - XXXX. - Seller-07/14/2026 Open-Asset Record 1 Does Not Meet G/L Requirements Asset 1 is a business checking account. The Borrower must own the contributing business. If the Borrower owns less than 100% and intends to use funds exceeding their ownership percentage, a signed letter from the remaining owners granting access to those additional funds is required. Documentation verifying the Borrower’s ownership of the business must be provided. Additional conditions may apply. - Due Diligence Vendor-07/07/2026 |
Ready for Review-Document Uploaded. Attach is the Operating Agreement - XXXX. - Seller-07/14/2026 |
Resolved-Received Operating Agreement. 100% owner. - Due Diligence Vendor-07/15/2026 |
Months Reserves exceed minimum required - 13.34 months of reserves exceeds the 3 months minimum required. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 733 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180506 | C | A | C | A | A | A | C | A | Closed | FCRE1254 | 2026-07-07 10:34 | 2026-07-14 15:45 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Note and Mortgage confirm the loan was vested under XXXX and there was no transfer of title prior to or at closing per title. - Due Diligence Vendor-07/14/2026 Ready for Review-The finding is not valid. While the transaction was initially structured to transfer title to XXXX, the transaction was revised prior to closing. The loan ultimately closed and funded as a refinance with title remaining vested in XXXX, as reflected in the final title commitment and executed closing documents. The loan file includes the required entity documentation for XXXX, the borrowing entity and the vested owner of the subject property at closing. The entity documents for XXXX. pertained to the original transaction structure, which was subsequently abandoned prior to consummation of the loan. As this is a closed and funded loan, the final executed loan and title documents govern the transaction. The required organizational documents for the final borrowing entity, XXXX, were provided in the loan file and support the final vesting. Please review the final title commitment, executed closing documents, and the entity documents for XXXX contained in the file and clear the condition. - Seller-07/09/2026 Counter-Received 159 page closing package as well as title commitment dated XXXX. XXXX transaction structured and title would be vested in XXXX., by Deed from XXXX, to be recorded. File presented XXXX entity docs; on or about XXXX transaction changes and is set as refinance from XXXX and remaining in same vesting. Please provide all applicable entity documents for XXXX for review. Additional conditions may apply - Due Diligence Vendor-07/09/2026 Ready for Review-Document Uploaded. The title concern regarding XXXX. has been reviewed. The provided ALTA® Commitment for Title Insurance issued by XXXX confirms that the current vested owner of the subject property is XXXX Per Schedule A of the title commitment, the estate or interest to be insured is Fee Simple, and title is vested in XXXX by deed from XXXX, XXXX, and recorded XXXX, in the XXXX Clerk’s Office as Instrument No. XXXX. The title commitment further confirms that the lender’s mortgage will be insured in a valid first lien position. The commitment does not reflect ownership or vesting under XXXX.; therefore, business documentation for XXXX. is not applicable, as that entity is not the vested owner of record. The title commitment provided is the controlling documentation for ownership verification, and the vesting has been confirmed as XXXX. - Seller-07/07/2026 Open-Property Title Issue Per title deed from XXXX from XXXX - lender to provide business documentation on XXXX - Due Diligence Vendor-07/07/2026 |
Ready for Review-The finding is not valid. While the transaction was initially structured to transfer title to XXXX, the transaction was revised prior to closing. The loan ultimately closed and funded as a refinance with title remaining vested in XXXX, as reflected in the final title commitment and executed closing documents. The loan file includes the required entity documentation for XXXX, the borrowing entity and the vested owner of the subject property at closing. The entity documents for XXXX. pertained to the original transaction structure, which was subsequently abandoned prior to consummation of the loan. As this is a closed and funded loan, the final executed loan and title documents govern the transaction. The required organizational documents for the final borrowing entity, XXXX, were provided in the loan file and support the final vesting. Please review the final title commitment, executed closing documents, and the entity documents for XXXX contained in the file and clear the condition. - Seller-07/09/2026 Ready for Review-Document Uploaded. The title concern regarding XXXX. has been reviewed. The provided ALTA® Commitment for Title Insurance issued by XXXX confirms that the current vested owner of the subject property is XXXX, a XXXX Per Schedule A of the title commitment, the estate or interest to be insured is Fee Simple, and title is vested in XXXX by deed from XXXX, dated XXXX, and recorded XXXX, in the XXXX Clerk’s Office as Instrument No. XXXX. The title commitment further confirms that the lender’s mortgage will be insured in a valid first lien position. The commitment does not reflect ownership or vesting under XXXX.; therefore, business documentation for XXXX. is not applicable, as that entity is not the vested owner of record. The title commitment provided is the controlling documentation for ownership verification, and the vesting has been confirmed as XXXX . - Seller-07/07/2026 |
Resolved-Note and Mortgage confirm the loan was vested under XXXX and there was no transfer of title prior to or at closing per title. - Due Diligence Vendor-07/14/2026 |
Months Reserves exceed minimum required - 13.34 months of reserves exceeds the 3 months minimum required. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 733 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305193644 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305188766 | C | A | A | A | C | A | A | A | Closed | FCOM9998 | 2026-07-07 08:18 | 2026-07-17 09:01 | Resolved | 1 - Information | C | A | Compliance | TRID | Closing Disclosure Issue | Resolved-Received copy of Broker agreement for Lender paid compensation. Finding Resolved. - Due Diligence Vendor-07/17/2026 Ready for Review-Document Uploaded. Attached is the Mortgage Brokerage Agreement. - Seller-07/16/2026 Ready for Review-Document Uploaded. This is a lender paid loan. See supporting documents - Seller-07/15/2026 Counter-Wrong comment was used, we are looking for verification of that lender paid Broker compensation as there is no Mortgage Broker Fee agreement in file stating lender was paying the broker compensation. - Due Diligence Vendor-07/08/2026 Ready for Review-The finding regarding the missing Seller Closing Disclosure is not applicable. This transaction is a cash-out refinance of the borrower’s primary residence and is not a purchase transaction. As there is no seller involved in the transaction, a Seller Closing Disclosure was not required or applicable. The file contains the applicable refinance Closing Disclosure reflecting the borrower’s transaction terms, cash-out proceeds, and settlement details. Please remove this condition as the requested document does not apply to the transaction type. - Seller-07/08/2026 Open------Missing Seller CD - Due Diligence Vendor-07/07/2026 |
Ready for Review-Document Uploaded. Attached is the Mortgage Brokerage Agreement. - Seller-07/16/2026 Ready for Review-Document Uploaded. This is a lender paid loan. See supporting documents - Seller-07/15/2026 Ready for Review-The finding regarding the missing Seller Closing Disclosure is not applicable. This transaction is a cash-out refinance of the borrower’s primary residence and is not a purchase transaction. As there is no seller involved in the transaction, a Seller Closing Disclosure was not required or applicable. The file contains the applicable refinance Closing Disclosure reflecting the borrower’s transaction terms, cash-out proceeds, and settlement details. Please remove this condition as the requested document does not apply to the transaction type. - Seller-07/08/2026 |
Resolved-Received copy of Broker agreement for Lender paid compensation. Finding Resolved. - Due Diligence Vendor-07/17/2026 |
LTV is less than guideline maximum - Required is 65 Borrower has 34.78 Qualifying DTI below maximum allowed - Required is 50 Borrower has 41.87 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 749 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180422 | C | A | C | A | A | A | A | A | Closed | FCRE1206 | 2026-07-07 13:12 | 2026-07-10 12:37 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received Fraud Report w/All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-07/10/2026 Ready for Review-Attached is the Final XXXX run 7-08 showing 1000 pass score. Also attached is the XXXX exclusion - no match found for the Underwriter. Updated 1003 and 1008 were also uploaded to address the UDM finding. - Seller-07/09/2026 Ready for Review-Document Uploaded. - Seller-07/09/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Missing proof of documentation used to clear the GSA-EPLS Fail. Upon receipt additional information maybe required. - Due Diligence Vendor-07/07/2026 |
Ready for Review-Attached is the Final XXXX run 7-08 showing 1000 pass score. Also attached is the XXXX exclusion - no match found for the Underwriter. Updated 1003 and 1008 were also uploaded to address the UDM finding. - Seller-07/09/2026 Ready for Review-Document Uploaded. - Seller-07/09/2026 |
Resolved-Received Fraud Report w/All Interested Parties Checked against Exclusionary Lists - Due Diligence Vendor-07/10/2026 |
LTV is less than guideline maximum - Max LTV is 85 Borrower has 69.99 Required is 80 Borrower has 69.99 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 14.5 Required is 50 Borrower has 14.5 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180422 | C | A | C | A | A | A | A | A | Closed | FCRE1205 | 2026-07-07 14:15 | 2026-07-10 12:37 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-07/10/2026 Ready for Review-Document Uploaded. Attached is the Final XXXX run 7-08 showing 0 matches across the LPA especially for the sellers. - Seller-07/09/2026 Open-OFAC Check Not Completed and/or Cleared for the seller. - Due Diligence Vendor-07/07/2026 |
Ready for Review-Document Uploaded. Attached is the Final XXXX run 7-08 showing 0 matches across the LPA especially for the sellers. - Seller-07/09/2026 |
Resolved-Received updated fraud report reflecting all interested parties. - Due Diligence Vendor-07/10/2026 |
LTV is less than guideline maximum - Max LTV is 85 Borrower has 69.99 Required is 80 Borrower has 69.99 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 14.5 Required is 50 Borrower has 14.5 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180422 | C | A | C | A | A | A | A | A | Closed | FCRE0197 | 2026-07-07 13:37 | 2026-07-09 13:38 | Resolved | 1 - Information | C | A | Credit | Eligibility | The Final SELLER CD/HUD is missing | Resolved-Received Seller CD. - Due Diligence Vendor-07/09/2026 Ready for Review-Document Uploaded. - Seller-07/08/2026 Ready for Review-The finding regarding the missing Seller's Final Closing Disclosure is not valid. The Final Closing Disclosure included in the loan file contains both the borrower's and the seller's transaction information, satisfying the requirement for the final Closing Disclosure applicable to this transaction. Please review the Final Closing Disclosure contained in the file, as it reflects both sides of the transaction. Accordingly, no additional Seller's Final Closing Disclosure is outstanding. We respectfully request that this finding be removed. - Seller-07/08/2026 Open-Missing the Sellers Final CD. Upon receipt additional information maybe required. - Due Diligence Vendor-07/07/2026 |
Ready for Review-Document Uploaded. - Seller-07/08/2026 Ready for Review-The finding regarding the missing Seller's Final Closing Disclosure is not valid. The Final Closing Disclosure included in the loan file contains both the borrower's and the seller's transaction information, satisfying the requirement for the final Closing Disclosure applicable to this transaction. Please review the Final Closing Disclosure contained in the file, as it reflects both sides of the transaction. Accordingly, no additional Seller's Final Closing Disclosure is outstanding. We respectfully request that this finding be removed. - Seller-07/08/2026 |
Resolved-Received Seller CD. - Due Diligence Vendor-07/09/2026 |
LTV is less than guideline maximum - Max LTV is 85 Borrower has 69.99 Required is 80 Borrower has 69.99 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 14.5 Required is 50 Borrower has 14.5 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305193633 | B | B | B | B | A | A | A | A | Closed | FCRE0210 | 2026-07-07 12:06 | 2026-07-07 16:29 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | XXXX Prepayment Penalty Entity Loan - LLC/LP/LLP | Waived-Waiver applied to non-material finding. Loan closed in an Entity Name - Due Diligence Vendor-07/07/2026 Open-Per XXXX a prepayment penalty may only be applied to corporations, C-Corp, and S-Corp specifically. Under XXXX, a prepayment penalty is not permitted to be charged to an LLC. XXXX - Due Diligence Vendor-07/07/2026 |
Waived-Waiver applied to non-material finding. Loan closed in an Entity Name - Due Diligence Vendor-07/07/2026 |
Months Reserves exceed minimum required - 30 mths reserves; 6 mths required. LTV is less than guideline maximum - Required is 75 Borrower has 70 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 753 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | |||
| XXXX | XXXX | 305193637 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305193635 | C | A | C | A | A | A | A | A | Closed | FCRE0140 | 2026-07-07 15:31 | 2026-07-13 13:48 | Resolved | 1 - Information | C | A | Credit | Eligibility | DSCR loan does not meet program guidelines | Resolved-Received lease agreement to prove borrower has investment experience thru business and he is sole owner - Due Diligence Vendor-07/13/2026 Ready for Review-Document Uploaded. Please see attached Operating Agreement evidencing the borrower is the Sole Owner of XXXX. Also attached is a Management contract evidencing the borrowers company has been managing a 3 Unit Property in XXXX to satisfy the required Investor Experience. Can this Item please be cleared? - Seller-07/10/2026 Open-XXXX DSCR 5-8 Unit. does not allow for FTHB or FTI - Due Diligence Vendor-07/07/2026 |
Ready for Review-Document Uploaded. Please see attached Operating Agreement evidencing the borrower is the Sole Owner of XXXX. Also attached is a Management contract evidencing the borrowers company has been managing a 3 Unit Property in XXXX to satisfy the required Investor Experience. Can this Item please be cleared? - Seller-07/10/2026 |
Resolved-Received lease agreement to prove borrower has investment experience thru business and he is sole owner - Due Diligence Vendor-07/13/2026 |
Months Reserves exceed minimum required - Months Reserves exceed minimum required Credit history exceeds minimum required - Credit history FICO of 737 exceeds minimum FICO required of 720 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305193635 | C | A | C | A | A | A | A | A | Closed | FCRE6844 | 2026-07-07 14:34 | 2026-07-13 13:45 | Resolved | 1 - Information | C | A | Credit | Assets | Gift Funds General | Resolved-Gift was never given per Client. Borrower has enough in business account to make purchase without it. Large deposits are not required to be sourced - Due Diligence Vendor-07/13/2026 Ready for Review-Document Uploaded. Please note that the funds for closing and reserves came from the borrower's business account and a Gift was not required. Please see updated 1003 which shows the updated assets from the business. Please note that large deposits are not required to be sourced; therefore no additional documentation is required. - Seller-07/10/2026 Counter-Received history statement for business. Unable to determine which deposits are gift funds as there is no identifying information on the history. Funds for closing came from business account, please provide documentation to support gift funds of $XXXX - Due Diligence Vendor-07/09/2026 Ready for Review-Document Uploaded. This is a closed and funded loan. While the executed Gift Letter reflects a gift amount of $400,000, the full amount was not required to complete the transaction. The Final Closing Disclosure reflects that the borrower's actual funds needed to close were $XXXX, which was the amount of gift funds provided and applied at closing. Since the remaining portion of the contemplated gift was never required or disbursed, there is no paper trail for the unused balance. The file documents the actual gift funds received and utilized for closing, consistent with the final settlement figures. - Seller-07/08/2026 Open-Missing - paper trail on receipt of gift funds in the amount of 400,000 - Due Diligence Vendor-07/07/2026 |
Ready for Review-Document Uploaded. Please note that the funds for closing and reserves came from the borrower's business account and a Gift was not required. Please see updated 1003 which shows the updated assets from the business. Please note that large deposits are not required to be sourced; therefore no additional documentation is required. - Seller-07/10/2026 Ready for Review-Document Uploaded. This is a closed and funded loan. While the executed Gift Letter reflects a gift amount of $400,000, the full amount was not required to complete the transaction. The Final Closing Disclosure reflects that the borrower's actual funds needed to close were $326,299.56, which was the amount of gift funds provided and applied at closing. Since the remaining portion of the contemplated gift was never required or disbursed, there is no paper trail for the unused balance. The file documents the actual gift funds received and utilized for closing, consistent with the final settlement figures. - Seller-07/08/2026 |
Resolved-Gift was never given per Client. Borrower has enough in business account to make purchase without it. Large deposits are not required to be sourced - Due Diligence Vendor-07/13/2026 |
Months Reserves exceed minimum required - Months Reserves exceed minimum required Credit history exceeds minimum required - Credit history FICO of 737 exceeds minimum FICO required of 720 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180490 | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2026-07-07 14:26 | 2026-08-24 12:37 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted to allow allow membership fees., Non-material waiver applied with comp factors. - Due Diligence Vendor-07/07/2026 Open-Lender exception- membership fees not allowed. seeking exception to allow for membership fees. - Due Diligence Vendor-07/07/2026 |
Waived-Originator exception granted to allow allow membership fees., Non-material waiver applied with comp factors. - Due Diligence Vendor-07/07/2026 |
On time mortgage history exceeds guideline requirement - 0x30x12 on time mortgage pay histories. Months Reserves exceed minimum required - 4.79 months PITIA reserves; 3 months reserves required. |
fico above minimum LTV below minimum |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | XXXX | ||
| XXXX | XXXX | 305180482 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305180470 | C | A | A | A | C | A | A | A | Closed | finding-3652 | 2026-07-07 13:07 | 2026-07-10 13:39 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received explanation lender credit decreased due to LTV, LTV charge shows on lock confirmation in file. Finding Resolved. - Due Diligence Vendor-07/10/2026 Ready for Review-There was not a COC done with the LE. The explanation should be sufficient. Please escalate - Seller-07/09/2026 Counter-Missing copy of COC for decrease on XXXX LE due to LTV . - Due Diligence Vendor-07/09/2026 Ready for Review-Document Uploaded. The lender credit went from $10632 to a discount of $1368 due to the change in LTV- see attached There was cure of $1125 There was a lock extension discount went from $1368 to $4728 The lender credit went from $1125 to $1197 - Seller-07/09/2026 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($1,197.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($10,632.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Lender credit decreased from $10,632.00 to $1,197.00 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $9,435.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Final CD included a Lender credit of $1125.00 for increase in closing cost above legal limit. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-07/07/2026 |
Ready for Review-There was not a COC done with the LE. The explanation should be sufficient. Please escalate - Seller-07/09/2026 Ready for Review-Document Uploaded. The lender credit went from $10632 to a discount of $1368 due to the change in LTV- see attached There was cure of $1125 There was a lock extension discount went from $1368 to $4728 The lender credit went from $1125 to $1197 - Seller-07/09/2026 |
Resolved-Received explanation lender credit decreased due to LTV, LTV charge shows on lock confirmation in file. Finding Resolved. - Due Diligence Vendor-07/10/2026 |
Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 31.17 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 751 LTV is less than guideline maximum - Required is 75 Borrower has 60 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180421 | D | B | D | A | C | B | A | A | Closed | FCRE1316 | 2026-07-08 13:30 | 2026-07-13 12:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Received CPA Letter. - Due Diligence Vendor-07/13/2026 Ready for Review-Document Uploaded. The finding is not valid. The borrower is self-employed; therefore, a traditional Verbal Verification of Employment (VVOE) is not required. Per Section 6.10.2 – Self-Employed Borrowers, the underwriter is required to verify the current existence of the borrower's business within 60 days of the Note date. The guidelines state that acceptable methods of business verification include a CPA Verification, consisting of an attestation from a Certified Public Accountant (CPA), IRS Enrolled Agent (EA), CTEC registered tax preparer, PTIN holder, or Tax Attorney confirming they have filed or reviewed at least the previous year's tax returns. The letter must be signed and dated, include the preparer's license number, and the preparer may not be an employee or relative of the borrower. The file contains the required business verification documentation in accordance with the self-employed borrower guidelines. Accordingly, a separate third-party VVOE is not required. This is a closed and funded loan. Please review the business verification documentation provided in the loan file and clear the condition. - Seller-07/09/2026 Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing VVOE for borrower. - Due Diligence Vendor-07/08/2026 |
Ready for Review-Document Uploaded. The finding is not valid. The borrower is self-employed; therefore, a traditional Verbal Verification of Employment (VVOE) is not required. Per Section 6.10.2 – Self-Employed Borrowers, the underwriter is required to verify the current existence of the borrower's business within 60 days of the Note date. The guidelines state that acceptable methods of business verification include a CPA Verification, consisting of an attestation from a Certified Public Accountant (CPA), IRS Enrolled Agent (EA), CTEC registered tax preparer, PTIN holder, or Tax Attorney confirming they have filed or reviewed at least the previous year's tax returns. The letter must be signed and dated, include the preparer's license number, and the preparer may not be an employee or relative of the borrower. The file contains the required business verification documentation in accordance with the self-employed borrower guidelines. Accordingly, a separate third-party VVOE is not required. This is a closed and funded loan. Please review the business verification documentation provided in the loan file and clear the condition. - Seller-07/09/2026 |
Resolved-Received CPA Letter. - Due Diligence Vendor-07/13/2026 |
LTV is less than guideline maximum - LTV of 80% is below the maximum of 85% allowed per guidelines Required is 85 Borrower has 80 Qualifying DTI below maximum allowed - DTI of 9.71% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 9.71 Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 805 which exceeds the minimum of 680 Required is 680 Borrower has 805 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180421 | D | B | D | A | C | B | A | A | Closed | FCRE1325 | 2026-07-08 13:30 | 2026-07-13 12:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received CPA Letter. - Due Diligence Vendor-07/13/2026 Ready for Review-Document Uploaded. Attach is the CPA letter. - Seller-07/09/2026 Open-Borrower 1 CPA Letter Missing Missing CPA letter required for self employed borrowers. - Due Diligence Vendor-07/08/2026 |
Ready for Review-Document Uploaded. Attach is the CPA letter. - Seller-07/09/2026 |
Resolved-Received CPA Letter. - Due Diligence Vendor-07/13/2026 |
LTV is less than guideline maximum - LTV of 80% is below the maximum of 85% allowed per guidelines Required is 85 Borrower has 80 Qualifying DTI below maximum allowed - DTI of 9.71% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 9.71 Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 805 which exceeds the minimum of 680 Required is 680 Borrower has 805 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180421 | D | B | D | A | C | B | A | A | Closed | finding-3652 | 2026-07-07 13:32 | 2026-07-10 12:21 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received explanation that lender credit decreased with COC for product change and loc, credit was not listed on COC. Finding Resolved. - Due Diligence Vendor-07/10/2026 Ready for Review-Document Uploaded. The LC went from $1200 to $150.36 due to a program change & the float to lock - see attached A cure was added for the appraisal fee and CR fee $258 = $408.36 - see attached - Seller-07/09/2026 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($408.36) does not exceed or equal the comparable sum of specific and non-specific lender credits ($1,200.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ------- Lender credit decreased from $1,200 to $408.36 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $791.64, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-07/07/2026 |
Ready for Review-Document Uploaded. The LC went from $1200 to $150.36 due to a program change & the float to lock - see attached A cure was added for the appraisal fee and CR fee $258 = $408.36 - see attached - Seller-07/09/2026 |
Resolved-Received explanation that lender credit decreased with COC for product change and loc, credit was not listed on COC. Finding Resolved. - Due Diligence Vendor-07/10/2026 |
LTV is less than guideline maximum - LTV of 80% is below the maximum of 85% allowed per guidelines Required is 85 Borrower has 80 Qualifying DTI below maximum allowed - DTI of 9.71% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 9.71 Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 805 which exceeds the minimum of 680 Required is 680 Borrower has 805 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180421 | D | B | D | A | C | B | A | A | Closed | FCOM1301 | 2026-07-07 12:56 | 2026-07-07 13:41 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Home Loan Toolkit is Missing | Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material findings - Due Diligence Vendor-07/07/2026 | Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material findings - Due Diligence Vendor-07/07/2026 |
LTV is less than guideline maximum - LTV of 80% is below the maximum of 85% allowed per guidelines Required is 85 Borrower has 80 Qualifying DTI below maximum allowed - DTI of 9.71% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 9.71 Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 805 which exceeds the minimum of 680 Required is 680 Borrower has 805 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | XXXX | |||
| XXXX | XXXX | 305193643 | C | A | C | A | A | A | A | A | Closed | FCRE0113 | 2026-07-08 12:12 | 2026-07-23 15:09 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property/Appraisal General (Credit) | Resolved-Per the appraiser the boarded window is for safety/security reason due to the unit being vacant and will be removed once the unit is rented. The boarded window is not related to damaged windows or structural issues. - Due Diligence Vendor-07/23/2026 Ready for Review-Document Uploaded. We respectfully disagree with the conclusion that the presence of boarded windows represents a collateral deficiency. The appraiser provided clarification that the windows were boarded solely as a temporary safety and security measure due to XXXX being located on the ground level and being vacant at the time of inspection. The appraiser further confirmed that the boards would be removed upon occupancy of the unit. The boarded windows were not related to damaged windows, structural issues, deferred maintenance, or incomplete repairs. The appraisal and Form 1004D confirmed that required repairs had been completed, and the appraiser did not identify any adverse impact to the subject’s condition, marketability, or opinion of value. The purpose of the temporary boarding was to secure a vacant ground-floor unit and prevent unauthorized access while the unit remained unoccupied. This temporary security measure does not alter the property’s condition rating, habitability, or marketability. The appraiser’s certification and subsequent clarification confirm that there were no outstanding repair items affecting the subject property. The referenced photos showing the boards remaining in place do not establish a collateral defect. The boards were intentionally maintained as a security precaution until the unit was leased and occupied, at which time they would be removed. Accordingly, the appraisal adequately addressed the property condition, and there is no evidence that the temporary security measures affected value or eligibility. No additional appraisal correction or corrective action is warranted. - Seller-07/20/2026 Counter-Received explanation, upon further review. #1- Final appraisal Highest and Best Use states can be either 6 units or 5+one commercial and under legal non-conforming status could be rented as a commercial unit. #2 -1004D reflects all repairs have been completed and XXXX note states windows boarded for safety due to XXXX being ground floor and vacant and will be removed as is rented. however on the first picture ground floor unit on left to the door still has boarded window FNMA Plywood is only permissible for specific, limited circumstances like severe fire damage or crawl space/pet door coverage. Plywood on pictures dated XXXX remain on pictures XXXX. - Due Diligence Vendor-07/10/2026 Ready for Review-Document Uploaded. We respectfully disagree with these findings. 1. Unit Count / Square Footage Reconciliation The appraisal report adequately addresses the subject's unit configuration and highest and best use. As explained on Form 71A, the appraiser determined that the property's highest and best use is as a six-unit residential property. The appraiser further explains that the subject is a legal nonconforming property and, under current zoning, may continue to operate as either six residential units or five residential units with one commercial unit, provided the property is not vacant for more than two years. The appraisal further states that the former commercial unit is currently configured as a residential unit, containing two bedrooms, a living area, kitchen, and bathroom, and was analyzed as a residential rental unit because residential use represents the highest and best use based on market conditions. Accordingly, the appraiser's analysis reconciles the apparent discrepancy between documents reflecting five units and those reflecting six units. The difference is attributable to the treatment of the former commercial space, which was appropriately addressed within the appraisal and valuation analysis. The appraisal's opinion of value is based on the appraiser's highest and best use determination and is adequately supported within the report. As such, no additional reconciliation is warranted. 2. Boarded Windows The boarded windows were temporary security measures for vacant units, with the appraisal noting that the boards would be removed upon occupancy. There is no indication within the appraisal that this temporary condition adversely affected the property's structural integrity, marketability, or the appraiser's opinion of value. While the finding references Fannie Mae guidance regarding plywood over windows on vacant properties, this loan was underwritten pursuant to the lender's DSCR program guidelines, which do not prohibit temporary boarded windows under these circumstances. In the absence of a lender-specific guideline requiring correction or identifying the condition as ineligible collateral, the temporary boarding does not constitute a material underwriting or collateral deficiency. Accordingly, as this is a closed and funded loan, the appraisal sufficiently supports the collateral characteristics and value, and no additional reconciliation or corrective action is warranted. - Seller-07/08/2026 Open-1) BPO and appraisal conflict as to the number of units as well as interior and exterior square footage. Reconciliation required. Note that the hazard policy notes 5 units like the BPO. 71A reflects 6 units. 2) Vacant units have windows boarded with note that boards to be removed once occupied. Fannie Mae (FNMA) explicitly prohibits the use of plywood to board up windows on vacant properties. Lender guideline is silent. - Due Diligence Vendor-07/08/2026 |
Ready for Review-Document Uploaded. We respectfully disagree with the conclusion that the presence of boarded windows represents a collateral deficiency. The appraiser provided clarification that the windows were boarded solely as a temporary safety and security measure due XXXX being located on the ground level and being vacant at the time of inspection. The appraiser further confirmed that the boards would be removed upon occupancy of the unit. The boarded windows were not related to damaged windows, structural issues, deferred maintenance, or incomplete repairs. The appraisal and Form 1004D confirmed that required repairs had been completed, and the appraiser did not identify any adverse impact to the subject’s condition, marketability, or opinion of value. The purpose of the temporary boarding was to secure a vacant ground-floor unit and prevent unauthorized access while the unit remained unoccupied. This temporary security measure does not alter the property’s condition rating, habitability, or marketability. The appraiser’s certification and subsequent clarification confirm that there were no outstanding repair items affecting the subject property. The referenced photos showing the boards remaining in place do not establish a collateral defect. The boards were intentionally maintained as a security precaution until the unit was leased and occupied, at which time they would be removed. Accordingly, the appraisal adequately addressed the property condition, and there is no evidence that the temporary security measures affected value or eligibility. No additional appraisal correction or corrective action is warranted. - Seller-07/20/2026 Ready for Review-Document Uploaded. We respectfully disagree with these findings. 1. Unit Count / Square Footage Reconciliation The appraisal report adequately addresses the subject's unit configuration and highest and best use. As explained on Form 71A, the appraiser determined that the property's highest and best use is as a six-unit residential property. The appraiser further explains that the subject is a legal nonconforming property and, under current zoning, may continue to operate as either six residential units or five residential units with one commercial unit, provided the property is not vacant for more than two years. The appraisal further states that the former commercial unit is currently configured as a residential unit, containing two bedrooms, a living area, kitchen, and bathroom, and was analyzed as a residential rental unit because residential use represents the highest and best use based on market conditions. Accordingly, the appraiser's analysis reconciles the apparent discrepancy between documents reflecting five units and those reflecting six units. The difference is attributable to the treatment of the former commercial space, which was appropriately addressed within the appraisal and valuation analysis. The appraisal's opinion of value is based on the appraiser's highest and best use determination and is adequately supported within the report. As such, no additional reconciliation is warranted. 2. Boarded Windows The boarded windows were temporary security measures for vacant units, with the appraisal noting that the boards would be removed upon occupancy. There is no indication within the appraisal that this temporary condition adversely affected the property's structural integrity, marketability, or the appraiser's opinion of value. While the finding references Fannie Mae guidance regarding plywood over windows on vacant properties, this loan was underwritten pursuant to the lender's DSCR program guidelines, which do not prohibit temporary boarded windows under these circumstances. In the absence of a lender-specific guideline requiring correction or identifying the condition as ineligible collateral, the temporary boarding does not constitute a material underwriting or collateral deficiency. Accordingly, as this is a closed and funded loan, the appraisal sufficiently supports the collateral characteristics and value, and no additional reconciliation or corrective action is warranted. - Seller-07/08/2026 |
Resolved-Per the appraiser the boarded window is for safety/security reason due to the unit being vacant and will be removed once the unit is rented. The boarded window is not related to damaged windows or structural issues. - Due Diligence Vendor-07/23/2026 |
Months Reserves exceed minimum required - 870 months reserves documented, 6 months required Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 749 Required is 680 Borrower has 749 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180500 | B | B | A | A | A | A | B | B | Closed | FPRO9876 | 2026-07-08 05:55 | 2026-07-08 16:37 | Waived | 2 - Non-Material | B | B | Property | Value | Review Product 1 > 10% OR Review Product 2 > 10% S&P B Grade | Waived-Originator waiver applied to non material finding . Secondary product Desk Review Support Value. - Due Diligence Vendor-07/08/2026 Open-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. If the AVM or enhanced desk review reflects a value more than 10% below the appraised value, a field review or second appraisal is required. AVM has variance of 16.02% below appraisal value. - Due Diligence Vendor-07/08/2026 |
Waived-Originator waiver applied to non material finding . Secondary product Desk Review Support Value. - Due Diligence Vendor-07/08/2026 |
Months Reserves exceed minimum required - Months reserves required is 6; qualifying reserves is 179.78 months. Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 787 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | No | XXXX | |||
| XXXX | XXXX | 305180437 | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305180494 | C | B | A | A | C | B | A | A | Closed | finding-3635 | 2026-07-09 15:38 | 2026-07-20 12:34 | Cured | 2 - Non-Material | C | B | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Cured-Received copy of check, LOE and proof of delivery. Finding Cured. - Due Diligence Vendor-07/20/2026 Ready for Review-Document Uploaded. See attached- please note, this was shipped and the label was not provided to me. I provided the tracking number and proof of delivery. - Seller-07/17/2026 Counter-Received PCCD in other finding, waiting on copy of check, LOE and shipping lable. - Due Diligence Vendor-07/16/2026 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($3,536.65) exceed the comparable charges ($3,147.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees (Lender's Title Insurance Policy, Settlement or Closing Fee & Title Endorsement Fee) increased by $74.95 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $74.95, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-07/09/2026 |
Ready for Review-Document Uploaded. See attached- please note, this was shipped and the label was not provided to me. I provided the tracking number and proof of delivery. - Seller-07/17/2026 |
Cured-Received copy of check, LOE and proof of delivery. Finding Cured. - Due Diligence Vendor-07/20/2026 |
Months Reserves exceed minimum required - >107 months available vs. 3 months required. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 767 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180494 | C | B | A | A | C | B | A | A | Closed | finding-3634 | 2026-07-09 15:38 | 2026-07-16 10:55 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received corrected PCCD XXXX. Finding Resolved. - Due Diligence Vendor-07/16/2026 Ready for Review-Document Uploaded. See updated PCCD showing the corrected discount points. The cost was not passed to the borrower nor was that PCCD sent to the borrower. *NOTE* This shows the added cure for the other condition. I am waiting on the check and label and then I will upload it all to the condition. - Seller-07/15/2026 Counter-Corrected Finding is as follows: ---- Zero (0%) tolerance fees increased by $211.52(Points - Loan Discount Fee,(Increase on PCCD not allowed),& Transfer Tax without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $141.12, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C. Cure on final CD for $70.40 covers increase in transfer tax. - Due Diligence Vendor-07/15/2026 Ready for Review-I am not sure what else you need here. The transfer taxes were cured for $70.40 That leaves $141.12. I provided the LE's and the explanations as to why the discount increased. There were lock extensions and changes in the DTI - Seller-07/15/2026 Counter-Received explanation to go with COC's for fee increase. Corrected Finding is as follows: ---- Zero (0%) tolerance fees increased by $211.52 (Points - Loan Discount Fee,(Increase on PCCD not allowed), & Transfer Taxes) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $211.52, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-07/14/2026 Ready for Review-Document Uploaded. $70.40 was cured for the TT The loan amount changed from XXXX to XXXX- that is why the broker fee increased from $3400 to $3528 There were two lock extensions, a change in the DTI causing the cost to increase All docs attached - Seller-07/13/2026 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $339.52.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----- Zero (0%) tolerance fees increased by $339.52 (Points - Loan Discount Fee, Mortgage Broker Fee, & Transfer Taxes) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $339.52, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Remediation options (1) within 60 days of consummation expires XXXX (2) within 60 days of discovery expires XXXX remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: XXXX remains EV3C - Due Diligence Vendor-07/09/2026 |
Ready for Review-Document Uploaded. See updated PCCD showing the corrected discount points. The cost was not passed to the borrower nor was that PCCD sent to the borrower. *NOTE* This shows the added cure for the other condition. I am waiting on the check and label and then I will upload it all to the condition. - Seller-07/15/2026 Ready for Review-I am not sure what else you need here. The transfer taxes were cured for $70.40 That leaves $141.12. I provided the LE's and the explanations as to why the discount increased. There were lock extensions and changes in the DTI - Seller-07/15/2026 Ready for Review-Document Uploaded. $70.40 was cured for the TT The loan amount changed from XXXX to XXXX- that is why the broker fee increased from $3400 to $3528 There were two lock extensions, a change in the DTI causing the cost to increase All docs attached - Seller-07/13/2026 |
Resolved-Received corrected PCCD XXXX. Finding Resolved. - Due Diligence Vendor-07/16/2026 |
Months Reserves exceed minimum required - >107 months available vs. 3 months required. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 767 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180493 | C | A | A | A | C | A | A | A | Closed | finding-3352 | 2026-07-10 15:50 | 2026-07-13 16:34 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/13/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-07/10/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/13/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 735 Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.7 Months Reserves exceed minimum required - |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305193631 | C | B | C | B | A | A | A | A | Closed | FCRE0210 | 2026-07-13 17:06 | 2026-07-13 18:31 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | XXXX Prepayment Penalty Entity Loan - LLC/LP/LLP | Waived-Waiver applied to non-material findings. Loan closed inentity name. - Due Diligence Vendor-07/13/2026 Open-Per XXXX a prepayment penalty may only be applied to corporations, C-Corp, and S-Corp specifically. Under XXXX, a prepayment penalty is not permitted to be charged to an LLC. Title is vested under LLC. XXXX does not allow a loan vested in LLC to have a PPP. - Due Diligence Vendor-07/13/2026 |
Waived-Waiver applied to non-material findings. Loan closed inentity name. - Due Diligence Vendor-07/13/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 802 which exceeds the minimum of 640 Required is 640 Borrower has 802 DSCR =/> 1.00 and minimum is 0.85 or Less - Calculated DSCR of 1.229 which exceeds the minimum required of 0.75 Required is 0.75 Borrower has 1.229 LTV is less than guideline maximum - LTV of 75% is below the maximum of 85% allowed per guidelines Required is 85 Borrower has 75 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | XXXX | |||
| XXXX | XXXX | 305180507 | D | A | D | A | A | A | A | A | Closed | FCRE1197 | 2026-07-13 10:31 | 2026-07-21 10:30 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited FICO is less than Guideline FICO | Resolved-Received credit report for B2 - Due Diligence Vendor-07/21/2026 Ready for Review-Document Uploaded. Please see attached and kindly rush this review. - Seller-07/17/2026 Counter-Received Credit report forXXXX on alternate finding. Missing credit report for XXXX. - Due Diligence Vendor-07/17/2026 Ready for Review-The credit report provided is for B2, XXXX. Please review previously uploaded document. - Seller-07/15/2026 Counter-Please provide the credit report for B2. Additional findings may apply. - Due Diligence Vendor-07/15/2026 Ready for Review-Please refer to uploaded documents in related finding. Please note per XXXX DSCR 6.2 Credit Score Requirements; For two or more borrowers: determine the middle score for each borrower; the highest of those middle scores is the representative qualifying score. - Seller-07/14/2026 Open-Audited FICO of 639 is less than Guideline FICO of 700 Audited FICO is less than Guideline FICO -Missing Borrower 2 FICO Scores. - Due Diligence Vendor-07/13/2026 |
Ready for Review-Document Uploaded. Please see attached and kindly rush this review. - Seller-07/17/2026 Ready for Review-The credit report provided is for B2, XXXX. Please review previously uploaded document. - Seller-07/15/2026 Ready for Review-Please refer to uploaded documents in related finding. Please note per XXXX DSCR 6.2 Credit Score Requirements; For two or more borrowers: determine the middle score for each borrower; the highest of those middle scores is the representative qualifying score. - Seller-07/14/2026 |
Resolved-Received credit report for B2 - Due Diligence Vendor-07/21/2026 |
Months Reserves exceed minimum required - Months Reserves exceed minimum required LTV is less than guideline maximum - , Required is 75 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305180507 | D | A | D | A | A | A | A | A | Closed | FCRE5771 | 2026-07-13 10:15 | 2026-07-21 10:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Credit Report is Missing | Resolved-Borrower 2 Credit Report is not missing. - Due Diligence Vendor-07/21/2026 Ready for Review-Document Uploaded. XXXX is B1, please be more specific in the future. Please see attached and kindly rush this review. - Seller-07/17/2026 Counter-Received Credit report for XXXX. Missing credit report for XXXX. - Due Diligence Vendor-07/17/2026 Ready for Review-The credit report provided is for B2, XXXX. Please review previously uploaded document. - Seller-07/15/2026 Counter-Credit Report for B1 provided, please provide the credit report for b2. - Due Diligence Vendor-07/15/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/14/2026 Open-Borrower 2 Credit Report is Missing. Borrower 2 Credit Report is Missing - No initial CR in file on Borrower 2. - Due Diligence Vendor-07/13/2026 |
Ready for Review-Document Uploaded. XXXX is B1, please be more specific in the future. Please see attached and kindly rush this review. - Seller-07/17/2026 Ready for Review-The credit report provided is for B2, XXXX. Please review previously uploaded document. - Seller-07/15/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/14/2026 |
Resolved-Borrower 2 Credit Report is not missing. - Due Diligence Vendor-07/21/2026 |
Months Reserves exceed minimum required - Months Reserves exceed minimum required LTV is less than guideline maximum - , Required is 75 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305193634 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305194832 | D | A | D | A | C | A | A | A | Closed | FPRO1245 | 2026-07-15 10:08 | 2026-07-22 16:07 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Appraisal is Expired | Resolved-Primary Value Appraisal is Expired Received a 1004D recertification of value reflecting appraiser reinspected property XXXX with no change in the property value. - Due Diligence Vendor-07/22/2026 Ready for Review-Document Uploaded. Attached is the 1004D - recert of value. - Seller-07/21/2026 Counter-Received same 1004D as in file representing only that Subject has been Completed. Appraisal is expired and still missing 1004D notating that Value has NOT Declined - Due Diligence Vendor-07/20/2026 Ready for Review-Document Uploaded. Attached is the 1004D Completion Certificate. - Seller-07/17/2026 Open-Primary Value Appraisal is Expired Missing - Appraisal Update on value. 1004D in file only has completion certification section done. - Due Diligence Vendor-07/15/2026 |
Ready for Review-Document Uploaded. Attached is the 1004D - recert of value. - Seller-07/21/2026 Ready for Review-Document Uploaded. Attached is the 1004D Completion Certificate. - Seller-07/17/2026 |
Resolved-Primary Value Appraisal is Expired Received a 1004D recertification of value reflecting appraiser reinspected property XXXX with no change in the property value. - Due Diligence Vendor-07/22/2026 |
Qualifying FICO score is at least 20 points above minimum for program - . Required is 660 Borrower has 720 Qualifying DTI below maximum allowed - . Required is 50 Borrower has 34 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305194832 | D | A | D | A | C | A | A | A | Closed | FCRE1506 | 2026-07-15 13:14 | 2026-07-20 09:47 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received VOR from previous Primary Residence - 0x30x12 - Due Diligence Vendor-07/20/2026 Ready for Review-Document Uploaded. Attached is the VOR on page 9 of 86 for previous primary residence - XXXX . - Seller-07/16/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Pending housing history condition. - Due Diligence Vendor-07/15/2026 |
Ready for Review-Document Uploaded. Attached is the VOR on page 9 of 86 for previous primary residence - XXXX . - Seller-07/16/2026 |
Resolved-Received VOR from previous Primary Residence - 0x30x12 - Due Diligence Vendor-07/20/2026 |
Qualifying FICO score is at least 20 points above minimum for program - . Required is 660 Borrower has 720 Qualifying DTI below maximum allowed - . Required is 50 Borrower has 34 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305194832 | D | A | D | A | C | A | A | A | Closed | FCRE1440 | 2026-07-15 10:55 | 2026-07-20 09:44 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOR from previous Primary Residence - 0x30x12 - Due Diligence Vendor-07/20/2026 Ready for Review-Document Uploaded. - Seller-07/16/2026 Ready for Review-Attached is the VOR on page 9 of 86 for previous primary residence - XXXX . - Seller-07/16/2026 Open-Housing History Does Not Meet Guideline Requirements Missing VOR - pay history on current primary/most recent 10 months. - Due Diligence Vendor-07/15/2026 |
Ready for Review-Document Uploaded. - Seller-07/16/2026 Ready for Review-Attached is the VOR on page 9 of 86 for previous primary residence - XXXX . - Seller-07/16/2026 |
Resolved-Received VOR from previous Primary Residence - 0x30x12 - Due Diligence Vendor-07/20/2026 |
Qualifying FICO score is at least 20 points above minimum for program - . Required is 660 Borrower has 720 Qualifying DTI below maximum allowed - . Required is 50 Borrower has 34 |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305194832 | D | A | D | A | C | A | A | A | Closed | finding-3352 | 2026-07-14 12:13 | 2026-07-16 11:30 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/16/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-07/14/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/16/2026 |
Qualifying FICO score is at least 20 points above minimum for program - . Required is 660 Borrower has 720 Qualifying DTI below maximum allowed - . Required is 50 Borrower has 34 |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305194837 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305194799 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305194762 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | XXXX | 305194792 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-07-15 17:57 | 2026-07-23 16:26 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received supporting documentation along with the VOR. No further documentation is required. - Due Diligence Vendor-07/23/2026 Ready for Review-Document Uploaded. Attached is a copy of the property profile confirming that XXXX, who completed the Verification of Mortgage (VOM), was the previous owner of the subject property and sold it to the borrower. As part of the transaction, XXXX carried a private lien in the amount of XXXX, which is why he completed the VOM included in the loan file. This documentation should be sufficient to establish that the individual who completed the Verification of Mortgage (VOM) was the holder of the private lien and, therefore, had the authority to complete and execute the VOM. - Seller-07/21/2026 Counter-Received VOR for primary however the document does not have a title or phone # of the person completing the VOR. Please have VOR completed in its entirety - Due Diligence Vendor-07/17/2026 Ready for Review-Document Uploaded. Attached is a copy of the VOR from the private lender rating the mortgage from XXXX with the next payment due in XXXX. - Seller-07/16/2026 Open-Housing History Does Not Meet Guideline Requirements Missing 12 month pay history on subject property mortgage. - Due Diligence Vendor-07/15/2026 |
Ready for Review-Document Uploaded. Attached is a copy of the property profile confirming that XXXX, who completed the Verification of Mortgage (VOM), was the previous owner of the subject property and sold it to the borrower. As part of the transaction, XXXX carried a private lien in the amount of XXXX, which is why he completed the VOM included in the loan file. This documentation should be sufficient to establish that the individual who completed the Verification of Mortgage (VOM) was the holder of the private lien and, therefore, had the authority to complete and execute the VOM. - Seller-07/21/2026 Ready for Review-Document Uploaded. Attached is a copy of the VOR from the private lender rating the mortgage from XXXX with the next payment due in XXXX. - Seller-07/16/2026 |
Resolved-Received supporting documentation along with the VOR. No further documentation is required. - Due Diligence Vendor-07/23/2026 |
DSCR % greater than 1.20 - .Required is 1 Borrower has 2.734 Required is 1 Borrower has 2.734 LTV is less than guideline maximum - .Required is 80 Borrower has 27.22 Required is 80 Borrower has 27.22 Qualifying FICO score is at least 20 points above minimum for program - .Required is 660 Borrower has 736 Required is 660 Borrower has 736 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XXXX | |
| XXXX | XXXX | 305194810 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305194761 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXX | XXXX | 305194736 | D | A | A | A | D | A | A | A | Closed | finding-3352 | 2026-07-20 09:01 | 2026-07-20 11:52 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/20/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-07/20/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/20/2026 |
LTV is less than guideline maximum - Required is 75 Borrower has 53.85 Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.3 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305194736 | D | A | A | A | D | A | A | A | Closed | FCOM1544 | 2026-07-15 14:45 | 2026-07-20 08:53 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Received final executed CD XXXX. Finding Resolved. - Due Diligence Vendor-07/20/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/17/2026 Open-TRID: Missing Final Closing Disclosure Please provide executed Final CD. Further findings may apply upon receipt. - Due Diligence Vendor-07/16/2026 |
Ready for Review-Document Uploaded. Please see attached. - Seller-07/17/2026 |
Resolved-Received final executed CD XXXX. Finding Resolved. - Due Diligence Vendor-07/20/2026 |
LTV is less than guideline maximum - Required is 75 Borrower has 53.85 Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.3 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305194694 | C | A | C | A | A | A | A | A | Closed | FCRE1206 | 2026-07-17 07:10 | 2026-07-22 14:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received updated Fraud Report with all Interested Parties included - Due Diligence Vendor-07/22/2026 Ready for Review-Document Uploaded. See attached updated Fraud Report - Seller-07/21/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Missing proof of documentation to clear the GSA-EPLS Fail. Upon receipt additional information maybe required. - Due Diligence Vendor-07/17/2026 |
Ready for Review-Document Uploaded. See attached updated Fraud Report - Seller-07/21/2026 |
Resolved-Received updated Fraud Report with all Interested Parties included - Due Diligence Vendor-07/22/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 79.81 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 783 Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.31 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305194694 | C | A | C | A | A | A | A | A | Closed | FCRE8013 | 2026-07-17 07:01 | 2026-07-22 14:26 | Resolved | 1 - Information | C | A | Credit | Eligibility | Purchase Contract Issue | Resolved-Received fully executed Contract Addendum increasing Sales Price - Due Diligence Vendor-07/22/2026 Ready for Review-Document Uploaded. See attached Contract Addendum. - Seller-07/20/2026 Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Missing the Contract Addendum changing the Sales Price to XXXX (per final CD). Upon receipt additional conditions maybe required. - Due Diligence Vendor-07/17/2026 |
Ready for Review-Document Uploaded. See attached Contract Addendum. - Seller-07/20/2026 |
Resolved-Received fully executed Contract Addendum increasing Sales Price - Due Diligence Vendor-07/22/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 79.81 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 783 Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.31 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305194694 | C | A | C | A | A | A | A | A | Closed | FCRE1482 | 2026-07-17 07:19 | 2026-07-22 14:19 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 4 Does Not Meet Guideline Requirements | Resolved-Received XXXX history that reflects both Gifts being deposited - Due Diligence Vendor-07/22/2026 Ready for Review-Document Uploaded. See attached bank statement for XXXX where two gifts of $8300 were deposited on XXXX. - Seller-07/20/2026 Open-Asset 4 Does Not Meet Guideline Requirements Missing proof of what bank account the two gifts of $8300 each were deposited into and the account balance. Upon receipt additional information maybe required. - Due Diligence Vendor-07/17/2026 |
Ready for Review-Document Uploaded. See attached bank statement for Acct XXXX where two gifts of $8300 were deposited on XXXX. - Seller-07/20/2026 |
Resolved-Received XXXX history that reflects both Gifts being deposited - Due Diligence Vendor-07/22/2026 |
LTV is less than guideline maximum - Required is 85 Borrower has 79.81 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 783 Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.31 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | XXXX | 305194662 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Second Home | Purchase | NA | ||||||||||||||||||
| XXXX | XXXX | 305194714 | C | A | A | A | C | A | A | A | Closed | finding-3352 | 2026-07-16 10:26 | 2026-07-20 12:12 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/17/2026 Open-This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z.While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. - Due Diligence Vendor-07/16/2026 |
Resolved-Loan contains full appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/17/2026 |
Qualifying DTI below maximum allowed - Required is 50 Borrower has 31.03 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 701 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | |||
| XXXX | XXXX | 305194752 | C | B | C | A | B | B | A | A | Closed | FCRE0105 | 2026-07-17 12:15 | 2026-07-21 14:37 | Resolved | 1 - Information | C | A | Credit | Eligibility | Condo Structural Reports not in file | Resolved-Received pushback, upon further review GL 9.11 XXXX and XXXX: Condominiums require an attestation from the HOA regarding required structural inspections. No further documentation is required. Condo Questionnaire #18-19-20-21 = attestation from HOA - Due Diligence Vendor-07/21/2026 Ready for Review-Document Uploaded. Upon review of the condominium questionnaire, additional documentation is required only if the inspection identified issues related to the safety, soundness, structural integrity, or habitability of the project buildings. Because the response to Question #20 was "No," no additional information or documentation was required. - Seller-07/17/2026 Open-The file does not contain the required structural engineer report per state law. Subject is missing required milestone inspection as required by XXXX. Subject was built before XXXX, is of 3 or more units and contains wood/wood-based products, for human occupancy/use. Condo questionnaire reflects 'Yes; to project containing wood-bearing structure elevated more than 6 feet. - Due Diligence Vendor-07/17/2026 |
Ready for Review-Document Uploaded. Upon review of the condominium questionnaire, additional documentation is required only if the inspection identified issues related to the safety, soundness, structural integrity, or habitability of the project buildings. Because the response to Question #20 was "No," no additional information or documentation was required. - Seller-07/17/2026 |
Resolved-Received pushback, upon further review GL 9.11 XXXX and XXXX: Condominiums require an attestation from the HOA regarding required structural inspections. No further documentation is required. Condo Questionnaire #18-19-20-21 = attestation from HOA - Due Diligence Vendor-07/21/2026 |
Months Reserves exceed minimum required - Months reserves required is 6; qualifying reserves is 32.99 months. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 755 Required is 700 Borrower has 755 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | XXXX | 305194752 | C | B | C | A | B | B | A | A | Closed | FCOM1353 | 2026-07-16 13:52 | 2026-07-16 13:52 | Waived | 2 - Non-Material | B | B | Compliance | Disclosure | Incorrect ROR Form Type selected | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). -----ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-07/16/2026 | Waived-The Incorrect ROR Form Type is selected in light of the Same Creditor or Lender Affiliate Refinance (The Right to Cancel Form Model is 'H8 (New Creditor)' and the Same Creditor or Lender Affiliate Refinance selection is 'Yes'). -----ROR Form H8 is acceptable in place of H9 form. Finding is deemed non-material. Originator waiver applied to non-material Findings. - Due Diligence Vendor-07/16/2026 |
Months Reserves exceed minimum required - Months reserves required is 6; qualifying reserves is 32.99 months. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 755 Required is 700 Borrower has 755 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | XXXX | |||
| XXXX | XXXX | 305194697 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other |