Exhibit 99.4 Schedule 5
| Marketing ID | Loan ID | Seller Loan ID | Investor Loan 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 |
| 423 | XX | XX | C | A | A | A | A | A | C | A | Closed | FPRO0023 | 2026-02-19 11:34 | 2026-10-01 09:18 | Resolved | 1 - Information | C | A | Property | Value | Primary Appraised Value exceeds Variance to Reviewed Appraised Property Value | Resolved-Primary Appraised
Property Value To Reviewed Appraised Property Value Variance is acceptable. -
Due Diligence Vendor-10/XX/2026 Resolved-Client provided CDA that supports value. - Due Diligence Vendor-03/XX/2026 Ready for Review-Document Uploaded. Please see attached CDA for XX, Low Risk Score, CDA Value of $XXK matches Appraised Value. No issues found. - Seller-03/XX/2026 Open-Primary Appraised Property Value To Reviewed Appraised Property Value Variance is '-11.01'. AVM does not support the appraised value, an additional valuation is required. - Due Diligence Vendor-02/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached CDA for XX, Low Risk Score, CDA Value of
$XXmatches Appraised Value. No issues found.
- Seller-03/XX/2026 |
Resolved-Primary Appraised
Property Value To Reviewed Appraised Property Value Variance is acceptable. -
Due Diligence Vendor-10/01/2026 Resolved-Client provided CDA that supports value. - Due Diligence Vendor-03/05/2026 |
On time mortgage history
exceeds guideline requirement - 0x30x48 reporting on credit Months Reserves exceed minimum required - Reserves = 17 months – Required Reserves = 6 Months |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 167 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 163 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE1510 | 2026-03-09 05:31 | 2026-03-18 13:18 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Client provided
Ex A legal description. There are no issues present on the Mortgage Document
(Deed of Trust). - Due Diligence Vendor-03/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-03/XX/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Exhibit A; legal description. - Due Diligence Vendor-03/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-03/XX/2026 |
Resolved-Client provided Ex
A legal description. There are no issues present on the Mortgage Document
(Deed of Trust). - Due Diligence Vendor-03/18/2026 |
LTV is less than guideline
maximum - LTV of 65% is below the maximum of 70% allowed per guidelines
Required is 70 Borrower has 65 DSCR % greater than 1.20 - Calculated DSCR of 1.495. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 163 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE0113 | 2026-03-09 05:47 | 2026-03-09 06:08 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Property/Appraisal General (Credit) | Waived-Properties with
less than 500 square feet of living space are ineligible. The subject
property has XX square feet. Approved exception in file. Non-material based
on comp factors. - Due Diligence Vendor-03/XX/2026 Open-Properties with less than 500 square feet of living space are ineligible. The subject property has XX square feet. Approved exception in file. - Due Diligence Vendor-03/XX/2026 |
Waived-Properties with less
than 500 square feet of living space are ineligible. The subject property has
XX square feet. Approved exception in file. Non-material based on comp
factors. - Due Diligence Vendor-03/09/2026 |
LTV is less than guideline
maximum - LTV of 65% is below the maximum of 70% allowed per guidelines
Required is 70 Borrower has 65 DSCR % greater than 1.20 - Calculated DSCR of 1.495. |
DSCR greater than 1.2 Reserves 3+ months above minimum |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | Originator Post-Close | Yes | XX | |||
| 165 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE0042 | 2026-03-11 11:15 | 2026-03-13 12:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Florida Foreign National Affidavit is missing or incomplete | Resolved-Finding was open
but nothing written. Client is correct regarding affidavit - Due Diligence
Vendor-03/XX/2026 Ready for Review-Defect is not valid, XX is not missing due to REFINANCES — Affidavit NOT REQUIRED when no change in title vesting... A refinance is not a purchase and does not involve acquiring new ownership, so the affidavit requirements tied to purchases or acquisitions under SB 264 do not apply. Why: • SB 264 mandates affidavits “at the time of purchase”—i.e., when ownership is transferred. [XX] • Refinance transactions do not transfer title to a new owner. There is no language in SB 264 or the FREC rules requiring borrowers to provide a Foreign Principal Affidavit for refinancing. In short: If you're refinancing → the affidavit is not required, unless title is changing hands. (If a refinance includes a transfer of ownership—e.g., adding or removing someone from title—then it becomes a conveyance, and the affidavit may be triggered.) - Seller-03/XX/2026 |
Ready for Review-Defect is
not valid, Florida Foreign National Affidavit is not missing due to
REFINANCES — Affidavit NOT REQUIRED when no change in title vesting... A refinance is not a purchase and does not involve acquiring new ownership, so the affidavit requirements tied to purchases or acquisitions under SB 264 do not apply. Why: • SB 264 mandates affidavits “at the time of purchase”—i.e., when ownership is transferred. [floridarealtors.org] • Refinance transactions do not transfer title to a new owner. There is no language in SB 264 or the FREC rules requiring borrowers to provide a Foreign Principal Affidavit for refinancing. In short: If you're refinancing → the affidavit is not required, unless title is changing hands. (If a refinance includes a transfer of ownership—e.g., adding or removing someone from title—then it becomes a conveyance, and the affidavit may be triggered.) - Seller-03/XX/2026 |
Resolved-Finding was open
but nothing written. Client is correct regarding affidavit - Due Diligence
Vendor-03/13/2026 |
DSCR % greater than 1.20 -
DSCR of 1.209 greater than 1.20 Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 11.68m. |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | |||
| 170 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-04-02 15:22 | 2026-04-15 16:06 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Upon further
review, the loan file contained sufficient housing history. - Due Diligence
Vendor-04/XX/2026 Ready for Review-We respectfully disagree. The lien originated XX. That lien was paid off in full at closing on XX by the subject transaction. This results in 11 borrower‑made monthly payments, with the final month satisfied via payoff at closing. Mortgage payments are made in arrears. For the month of payoff (March 2025): The borrower would not make an out‑of‑pocket payment. The final interest/payment period is accounted for in the payoff demand and reflected on the Closing Disclosure. This is standard and expected when a loan is paid off mid‑month. Therefore: 11 documented monthly payments, plus The payoff covering the final month, constitute a complete 12‑month housing history for the lien being paid off. There is no missing payment and no evidence of delinquency. The request for a VOM from XX would require documenting a prior, separate lien that precedes the loan being paid off. This effectively creates a requirement for more than 12 months of housing history, which is not supported by guideline. Housing history requirements apply to the lien being paid off, absent a documented gap or late payment — neither of which exists here. Please escalate to management and clear this finding. - Seller-04/XX/2026 Counter-Received explanation. Review pay history reflecting 11 payments from 05/2025 - 03/2026, however the borrower in title since XX. Missing pay history for 04/2025. To complete the required 12 mo pay history: Please provide pay documentation/pay history for the mortgage prior to the one paid off in this transaction: XX ( as reflected on Fraud/Drive report page 315). - Due Diligence Vendor-04/XX/2026 Ready for Review-Mortgage payments are made in arrears, due on the 1st, but are not late or count as a 1x30 until the 30th day after that. The loan file included the CD to represent an acceptable evidence for the month of March, it would be normal and typical for no payment by borrower during the month of March for that previous loan and for that lender to accept those final days of interest in the payoff demand. This constitutes a satisfactory 12 month history at time of signing. - Seller-04/XX/2026 Counter-Upon further review, received 10 months mortgage statement as well as statement reflecting servicing released to XX but loan dated XX. Per Fraud Sale date XX however in REO section borrower purchased in 2023 with a private lender. Provide VOM from XX LLC - Due Diligence Vendor-04/XX/2026 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-04/XX/2026 Ready for Review-12 month history is relevant if the property is owned for 12 or more months. This property was purchased XX with a XX first payment date. All payments have been provided. Please escalate to management. - Seller-04/XX/2026 Counter-Note being paid off originated XX, received documents showing 10 payments made since inception. Loan is current, no late fees. However per GL 6.7 12 months history required - Due Diligence Vendor-04/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-04/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Missing 12 month housing history for the lien being paid off. Max 1x30x12 - Due Diligence Vendor-04/XX/2026 |
Ready for Review-We
respectfully disagree. The lien originated 09/XX/2023. That lien was paid off
in full at closing on 03/XX/2025 by the subject transaction. This results in
11 borrower‑made monthly payments, with the final month satisfied via
payoff at closing. Mortgage payments are made in arrears. For the month of
payoff (March 2025): The borrower would not make an out‑of‑pocket
payment. The final interest/payment period is accounted for in the payoff
demand and reflected on the Closing Disclosure. This is standard and expected
when a loan is paid off mid‑month. Therefore: 11 documented monthly
payments, plus The payoff covering the final month, constitute a complete
12‑month housing history for the lien being paid off. There is no
missing payment and no evidence of delinquency. The request for a VOM from XX LLC would
require documenting a prior, separate lien that precedes the loan being paid
off. This effectively creates a requirement for more than 12 months of
housing history, which is not supported by guideline. Housing history
requirements apply to the lien being paid off, absent a documented gap or
late payment — neither of which exists here. Please escalate to management and
clear this finding. - Seller-04/XX/2026 Ready for Review-Mortgage payments are made in arrears, due on the 1st, but are not late or count as a 1x30 until the 30th day after that. The loan file included the CD to represent an acceptable evidence for the month of March, it would be normal and typical for no payment by borrower during the month of March for that previous loan and for that lender to accept those final days of interest in the payoff demand. This constitutes a satisfactory 12 month history at time of signing. - Seller-04/XX/2026 Ready for Review-12 month history is relevant if the property is owned for 12 or more months. This property was purchased 03/XX/2025 with a 5/XX/2025 first payment date. All payments have been provided. Please escalate to management. - Seller-04/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-04/XX/2026 |
Resolved-Upon further
review, the loan file contained sufficient housing history. - Due Diligence
Vendor-04/15/2026 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-04/09/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
744 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.011 Required is 0.8 Borrower has 1.201 LTV is less than guideline maximum - Required is 65 Borrower has 36.13 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 170 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE8702 | 2026-04-03 15:36 | 2026-04-08 12:07 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received EIN for
the business - Due Diligence Vendor-04/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-04/XX/2026 Open-The Business Entity Formation Document is incomplete Missing EIN for the vested business entity - Due Diligence Vendor-04/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-04/XX/2026 |
Resolved-Received EIN for
the business - Due Diligence Vendor-04/08/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
744 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.011 Required is 0.8 Borrower has 1.201 LTV is less than guideline maximum - Required is 65 Borrower has 36.13 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 171 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE1440 | 2026-04-28 16:00 | 2026-05-20 10:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received Housing
history and Payoff for the 2nd lien - Due Diligence Vendor-05/XX/2026 Ready for Review-Document Uploaded. Please see attached last part, shows to close account. Please expedite this to be cleared as soon as possible - Seller-05/XX/2026 Counter-Received VOR, XX, and 27 page title/email. condition remains as it was 2 part #XX history has been satisfied since 5/XX/2026. #XXe is that HELOC payoff page 2 section "you want us to close the line of credit and issue a discharge of mortgage. If you wish to close your account, please have all account holders sign below and return this letter with your payment" must have been signed at closing but the 2 copies present in file are NOT signed. if not provided will result in discrepancy in the CLTV/ HCLTV from approved values. Please provide at the earliest possible the signed HELOC payoff and request to close the equity line. - Due Diligence Vendor-05/XX/2026 Ready for Review-Document Uploaded. Please see attached shows title section mortgage schedule items. Please expedite this to be cleared as soon as possible - Seller-05/XX/2026 Counter-Received VOR, HELOC and 1st lien payment history on subject. Missing request to close HELOC on subject. - Due Diligence Vendor-05/XX/2026 Ready for Review-Document Uploaded. Please see attached the 12 Months with 0x30 Rental History for the Primary residence, and 12 Months with 0x30 Mortgage History for the Subject Property for the 1st and 2nd Mortgages - Seller-04/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Provide missing 12 Months with 0x30 Rental History for the Primary residence. Provide missing 12 Months with 0x30 Mortgage History for the Subject Property for the 1st and 2nd Mortgages; Provide signed closed letter for the Heloc, document in the file not signed . - Due Diligence Vendor-04/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached last part, shows to close account. Please
expedite this to be cleared as soon as possible - Seller-05/XX/2026 Ready for Review-Document Uploaded. Please see attached shows title section mortgage schedule items. Please expedite this to be cleared as soon as possible - Seller-05/XX/2026 Ready for Review-Document Uploaded. Please see attached the 12 Months with 0x30 Rental History for the Primary residence, and 12 Months with 0x30 Mortgage History for the Subject Property for the 1st and 2nd Mortgages - Seller-04/XX/2026 |
Resolved-Received Housing
history and Payoff for the 2nd lien - Due Diligence Vendor-05/20/2026 |
Months Reserves exceed
minimum required - Min 9, actual 41.52 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 733 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 171 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE7347 | 2026-04-29 08:59 | 2026-05-01 16:30 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lease Agreement | Resolved-Received receipt
of rents. - Due Diligence
Vendor-05/XX/2026 Ready for Review-Document Uploaded. Please see attached property leased by XX- XX - Seller-04/XX/2026 Open-Provide proof of receipt for deposit and first month's rent for 1 unit. Lease in file begins 5/XX/2026. Guide - If there is a newly executed lease for new tenants, provide proof of receipt for deposit and 1st month’s rent. - Due Diligence Vendor-04/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached property leased by XX - XX SOLE MBR -
Seller-04/XX/2026 |
Resolved-Received receipt of
rents. - Due Diligence
Vendor-05/01/2026 |
Months Reserves exceed
minimum required - Min 9, actual 41.52 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 733 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 171 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE8887 | 2026-04-28 16:10 | 2026-05-01 16:27 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Received
corrected 1003 - Due Diligence Vendor-05/XX/2026 Ready for Review-Document Uploaded. Please see attached 1003 indicates Permanent resident - Seller-04/XX/2026 Open-Provide a correction to the final 1003; the 1003 indicates that the Borrower is a US Citizen. The file contains a Permanent resident Card. - Due Diligence Vendor-04/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached 1003 indicates Permanent resident - Seller-04/XX/2026 |
Resolved-Received corrected
1003 - Due Diligence Vendor-05/01/2026 |
Months Reserves exceed
minimum required - Min 9, actual 41.52 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 733 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 171 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE1202 | 2026-04-29 08:18 | 2026-05-01 16:26 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Received updated
Fraud Report. - Due Diligence Vendor-05/XX/2026 Ready for Review-Document Uploaded. Please see attached updated citizenship status - Seller-04/XX/2026 Open-Third Party Fraud Report Partially Provided Provide fraud report reflecting borrower as a Permanent Resident Alien. - Due Diligence Vendor-04/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached updated citizenship status -
Seller-04/XX/2026 |
Resolved-Received updated
Fraud Report. - Due Diligence Vendor-05/01/2026 |
Months Reserves exceed
minimum required - Min 9, actual 41.52 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 733 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 171 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE8338 | 2026-04-29 08:53 | 2026-04-29 09:13 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Cash To Borrower does not meet eligibility requirement(s) | Waived-Originator
exception granted to allow no seasoning for a cash out, Non-material waiver
applied with comp factors. Non-material due to DTI 41.73%, Fico 733 and
residual income of $14,828.90. - Due Diligence Vendor-04/XX/2026 Open-Exception request to not require seasoning for a cash out. Borrower on title since XX and was not recorded until XX. Exception approved. - Due Diligence Vendor-04/XX/2026 |
Waived-Originator exception
granted to allow no seasoning for a cash out, Non-material waiver applied
with comp factors. Non-material due to DTI 41.73%, Fico 733 and residual
income of $14,828.90. - Due Diligence Vendor-04/29/2026 |
Months Reserves exceed
minimum required - Min 9, actual 41.52 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 733 |
DTI is over 5% below max
allowed Fico is over 20+ points higher than minimum 10 years on job |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XX | |||
| 174 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE9488 | 2026-05-14 13:33 | 2026-06-17 12:44 | Resolved | 1 - Information | C | A | Credit | Borrower | Potential Occupancy/Current Address Issues identified in the file | Resolved-Lender confirmed
the loan came in as a Primary to attempt to get better pricing; however, in
review of the documentation, UW determined that the property was not a
Primary and countered to proceed as an investment. As the borrower was not able to provide any
documentation to support the initial occupancy submitted (Primary), the loan was repriced to investment and
closed as an investment as it was the more reasonable occupancy given the
scenario. The LOE stating subject is a
primary was provided by Brw when trying to move the loan to a better case
scenario; on this loan, lender moved the loan to a worst case scenario, given
the facts presented, and clsd as an investment property. Full housing payment
for both XX are included in ratios- an additonal letter to explain the
changes is not be required. - Due Diligence Vendor-06/XX/2026 Counter-Received xpl, however docs in file not in line with lender xpl: approval occupancy is investment, Final 1003 reflects 4a occupancy investment, 1008 reflect investment. Borrower letter indicates has been primary since 01/2026 and intends to continue primary. Please prepare and obtain any necessary documentation to support the intended and approval occupancy for review against gl. Additional conditions may apply. - Due Diligence Vendor-06/XX/2026 Ready for Review-Please note that the application initially came in as a Primary residence; however, during the loan process the underwriter determined that the subject was purchased as an investment 3 months prior (Loan was conditionally approved through XX, but closed elsewhere). In addition, comparing the 2 properties, it was determined that XX was far superior and countered to for the subject to proceed as an Investment. Lastly, we note that the Final 1003 was updated to show XX as the borrower primary and the borrower declared that he would not occupy the property. Can this please be cleared. - Seller-06/XX/2026 Counter-Received request for clarification of letter where borrower indicates subject is primary residence: letter titled and body of letter as follows: LOE - Primary Residence. "To whom it may concern, I, XX, can confirm that recently I purchased the property located at XX XX XX XX, CA XX on the same street as my previous primary residence. I converted my previous home into an investemtn property. As of January , I have been residing in this property, and it serves as my primary residence, as it is larger and more comfortable for my family. Signed and dated 03/XX/2026.. Located on page 699 of 759. This transaction was approved as investment, however 1003 and borrower indicate is primary residence. - Due Diligence Vendor-05/XX/2026 Ready for Review-We respectfully request clarification regarding this condition. We are unable to locate any borrower-signed letter within the file stating that the subject property located at XX XX XX XX, XX, CA XX is the borrower’s primary residence. The loan was originated, underwritten, and approved as an investment property transaction. At this time, we are not aware of any conflicting occupancy documentation in the file. Please identify the specific document or letter being referenced so we may review and address the concern accordingly. - Seller-05/XX/2026 Open-**New Condition** Per letter in the file signed by the borrower, the subject property is his primary residence. Loan was approved as an investment. Confirmation of occupancy is required, upon confirmation of occupancy compliance testing will be required. Additional conditions may apply. - Due Diligence Vendor-05/XX/2026 |
Ready for Review-Please
note that the application initially came in as a Primary residence; however,
during the loan process the underwriter determined that the subject was
purchased as an investment 3 months prior (Loan was conditionally approved
through XX, but closed elsewhere). In
addition, comparing the 2 properties, it was determined that XX was far
superior and countered to for the subject to proceed as an Investment. Lastly, we note that the Final 1003 was
updated to show XX as the borrower primary and the borrower declared that he
would not occupy the property. Can
this please be cleared. - Seller-06/XX/2026 Ready for Review-We respectfully request clarification regarding this condition. We are unable to locate any borrower-signed letter within the file stating that the subject property located at XX, XX, CA XX is the borrower’s primary residence. The loan was originated, underwritten, and approved as an investment property transaction. At this time, we are not aware of any conflicting occupancy documentation in the file. Please identify the specific document or letter being referenced so we may review and address the concern accordingly. - Seller-05/XX/2026 |
Resolved-Lender confirmed
the loan came in as a Primary to attempt to get better pricing; however, in
review of the documentation, UW determined that the property was not a
Primary and countered to proceed as an investment. As the borrower was not able to provide any
documentation to support the initial occupancy submitted (Primary), the loan was repriced to investment and
closed as an investment as it was the more reasonable occupancy given the
scenario. The LOE stating subject is a
primary was provided by Brw when trying to move the loan to a better case
scenario; on this loan, lender moved the loan to a worst case scenario, given
the facts presented, and clsd as an investment property. Full housing payment
for both XX & XX are included in ratios- an additonal letter to explain
the changes is not be required. - Due Diligence Vendor-06/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 680 Borrower has 780 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.71 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | |||
| 174 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE0184 | 2026-04-29 08:25 | 2026-05-14 13:34 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Cash-out Letter on a Business Purpose Loan | Resolved-Client confirmed
subject is a non business purpose loan.
New condition added for occupancy. - Due Diligence Vendor-05/XX/2026
Ready for Review-Document Uploaded. Based on the Non-QM lock data and underwriting review, the loan was not underwritten as a business-purpose transaction. The underwriting documentation and 1003 reflect that the loan was not selected or classified as business purpose. Accordingly, a fully executed LOX regarding cash out on a business-purpose loan should not be applicable to this transaction. - Seller-05/XX/2026 Counter-Finding remains. Borrower to provide fully executed LOX regarding Cash Out on Business Purpose loan - Due Diligence Vendor-05/XX/2026 Ready for Review-Please note, this is a cash-out refinance on an investment property titled in the borrower’s individual name, and the cash-out proceeds will be used for investment-related purposes, including reserves and/or property improvements. Please clear this finding, - Seller-04/XX/2026 Open-Missing Cash-out Letter on a Business Purpose Loan. Missing cash out letter. Upon receipt additional conditions maybe required. - Due Diligence Vendor-04/XX/2026 |
Ready for Review-Document
Uploaded. Based on the Non-QM lock data and underwriting review, the loan was
not underwritten as a business-purpose transaction. The underwriting
documentation and 1003 reflect that the loan was not selected or classified
as business purpose. Accordingly, a fully executed LOX regarding cash out on a business-purpose loan should not be applicable to this transaction. - Seller-05/XX/2026 Ready for Review-Please note, this is a cash-out refinance on an investment property titled in the borrower’s individual name, and the cash-out proceeds will be used for investment-related purposes, including reserves and/or property improvements. Please clear this finding, - Seller-04/XX/2026 |
Resolved-Client confirmed
subject is a non business purpose loan.
New condition added for occupancy. - Due Diligence
Vendor-05/14/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 680 Borrower has 780 Qualifying DTI below maximum allowed - Required is 50 Borrower has 34.71 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 168 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1254 | 2026-05-21 10:57 | 2026-06-30 15:18 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received Op
Agreement showing Borrower own 95% of LLC that Subject was vested in
confirming Borrower's previous ownership in Subject Property - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached document showing borrower owns 95% of the business. This would show she would meet seasoning requirements as she had ownership in the business transferring title to the borrower. - Seller-06/XX/2026 Counter-Received Annual Report filed 7/XX/2025 that shows borrower as the XXand husband as the XX. Nothing provided reflects that the borrower is 100% ownership of the LLC. Original finding remains, other conditions may apply - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. please reconsider the cited issue as annual report previously provided. Plus, the articles of organization uploaded reflect that the borrower is an authorized member to XX. in addition, the 2nd member is her husband, XX that also signed the deed of trust with the borrower. - Seller-06/XX/2026 Counter-Received first page of annual report, this document does not reflect ownership interest. Condition remains. - Due Diligence Vendor-05/XX/2026 Ready for Review-Document Uploaded. Attached is the XX business search for XX. No issues found. - Seller-05/XX/2026 Open-Property Title Issue Title currently held in an LLC. Provide documentation supporting that the borrower is 100% owner of LLC. Subject to additional conditions. - Due Diligence Vendor-05/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached document showing borrower owns 95% of the
business. This would show she would
meet seasoning requirements as she had ownership in the business transferring
title to the borrower. - Seller-06/XX/2026 Ready for Review-Document Uploaded. please reconsider the cited issue as annual report previously provided. Plus, the articles of organization uploaded reflect that the borrower is an authorized member to XX in addition, the 2nd member is her husband, XX that also signed the deed of trust with the borrower. - Seller-06/XX/2026 Ready for Review-Document Uploaded. Attached is the sunbiz.org business search for XX No issues found. - Seller-05/XX/2026 |
Resolved-Received Op
Agreement showing Borrower own 95% of LLC that Subject was vested in
confirming Borrower's previous ownership in Subject Property - Due Diligence
Vendor-06/30/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 660 Borrower has 696 Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.17 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 168 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3540 | 2026-05-19 11:12 | 2026-05-26 07:32 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-Received tracking
borrower received at closing. Finding Resolved. - Due Diligence
Vendor-05/XX/2026 Ready for Review-Document Uploaded. see attached tracking - Seller-05/XX/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"XX 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 05/XX/2026 is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is 05/XX/2029 - Due Diligence Vendor-05/XX/2026 |
Ready for Review-Document
Uploaded. see attached tracking - Seller-05/XX/2026 |
Resolved-Received tracking
borrower received at closing. Finding Resolved. - Due Diligence
Vendor-05/26/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 660 Borrower has 696 Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.17 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 168 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3652 | 2026-05-19 11:12 | 2026-05-26 07:32 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received tracking
borrower received at closing. Finding Resolved. - Due Diligence
Vendor-05/XX/2026 Ready for Review-Document Uploaded. The lender credit changed from $2119.59 to a discount of $529.40 due to the change in DTI ($50 cure) - see attached The discount went from $529.40 to a lender credit of $1802.51 Due to the DTI - Seller-05/XX/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 ($1,802.51) does not exceed or equal the comparable sum of specific and non-specific lender credits ($2,119.59). 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 $2,119.59 to $1,802.51 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $317.08, 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 07/XX/2026 (2) within 60 days of discovery expires 07/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 05/XX/2029 remains EV3C. Please provide COC for decreases - Due Diligence Vendor-05/XX/2026 |
Ready for Review-Document
Uploaded. The lender credit changed from $2119.59 to a discount of $529.40
due to the change in DTI ($50 cure) - see attached The discount went from $529.40 to a lender credit of $1802.51 Due to the DTI - Seller-05/XX/2026 |
Resolved-Received tracking
borrower received at closing. Finding Resolved. - Due Diligence
Vendor-05/26/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 660 Borrower has 696 Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.17 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 168 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3352 | 2026-05-19 11:12 | 2026-05-26 07:32 | 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-05/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-05/22/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 660 Borrower has 696 Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.17 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||||
| 229 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1193 | 2026-06-01 16:00 | 2026-08-17 12:45 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Audited DTI of
45.07% is less than or equal to Guideline DTI of 50%. Page 1 and 2 of the May statement provided.
- Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Please see attached 5/XX/2025 bank statement page 1 and 2 as requested. - Seller-08/XX/2026 Counter-Please provided pages 1-2 for the 5/XX/2025 bank statement. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Please see attached Note signed by both borrowers. - Seller-08/XX/2026 Counter-B1 XX is the only individual who signed the Note. A corrective Mortgage was submitted adding an additional Brw, XX, to the transaction but income from this individual cannot be considered without adding them on the note as well. Since every screen in LM would need to be updated with the addition of a new Borrower, a new file submission would be required with correct info and removing any prior info that no longer is valid. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. - Seller-08/XX/2026 Ready for Review-Please see attached corrected/recorded DOT. - Seller-08/XX/2026 Open-Audited DTI of 76.7% exceeds Guideline DTI of 50% - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached 5/XX/2025 bank statement page 1 and 2 as
requested. - Seller-08/XX/2026 Ready for Review-Document Uploaded. Please see attached Note signed by both borrowers. - Seller-08/XX/2026 Ready for Review-Document Uploaded. - Seller-08/XX/2026 Ready for Review-Please see attached corrected/recorded DOT. - Seller-08/XX/2026 |
Resolved-Audited DTI of
45.07% is less than or equal to Guideline DTI of 50%. Page 1 and 2 of the May statement provided.
- Due Diligence Vendor-08/17/2026 |
Guideline: Qualifying FICO
score is at least 20 points above minimum for program - Required is 700
Borrower has 744 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 229 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1764 | 2026-06-01 16:03 | 2026-06-03 13:43 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Verification of Mortgage | Resolved-Received CD to
document REO payments. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-1. Property XX (XX XX #XXrovide docs to verify loan terms & escrows (XX XXX) 2. Property XX (XX XX #XXovide docs to verify loan terms & escrows (XX XX) - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 |
Resolved-Received CD to
document REO payments. - Due Diligence
Vendor-06/03/2026 |
Guideline: Qualifying FICO
score is at least 20 points above minimum for program - Required is 700
Borrower has 744 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 229 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE0044 | 2026-06-01 15:40 | 2026-06-03 13:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Upon further
review, the loan file contained all required documentation. Confirmed with subscriber number all
subject transaction. - Due Diligence Vendor-06/XX/2026 Ready for Review-All inquires are related to the subject transaction; therefore, LOEs are not required. - Seller-06/XX/2026 Open-LOX for credit inquiries is missing. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-All
inquires are related to the subject transaction; therefore, LOEs are not
required. - Seller-06/XX/2026 |
Resolved-Upon further
review, the loan file contained all required documentation. Confirmed with subscriber number all
subject transaction. - Due Diligence Vendor-06/03/2026 |
Guideline: Qualifying FICO
score is at least 20 points above minimum for program - Required is 700
Borrower has 744 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | |||
| 194 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE0045 | 2026-06-02 10:43 | 2026-06-04 11:36 | Resolved | 1 - Information | C | A | Credit | Eligibility | Foreign National/Non Perm resident alien but ACH form is not in file | Resolved-Received fully
executed ACH Form - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-Foreign National but the ACH form is Missing from file. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 |
Resolved-Received fully
executed ACH Form - Due Diligence Vendor-06/04/2026 |
Months Reserves exceed
minimum required - Lender minimum reserves 6m PITIA, borrower reserves
9.23m. Additional assets not used to qualify - Borrower has assets held in XX (foreign assets, which could be used towards reserves) |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 194 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE0179 | 2026-06-02 10:43 | 2026-06-04 11:36 | Resolved | 1 - Information | C | A | Credit | Eligibility | UW Attestation/Docs stating warrantability are missing | Resolved-Received 1008
with UW Attestation - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-UW Attestation/Docs stating warrantability are missing. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 |
Resolved-Received 1008 with
UW Attestation - Due Diligence Vendor-06/04/2026 |
Months Reserves exceed
minimum required - Lender minimum reserves 6m PITIA, borrower reserves
9.23m. Additional assets not used to qualify - Borrower has assets held in XX (foreign assets, which could be used towards reserves) |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 179 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-06-05 16:46 | 2026-08-07 12:06 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Mortgage
statements provided for 3B and 3C - Due Diligence Vendor-08/XX/2026 Counter-Missing (XX) XX (Primary) and (3c) XX XX. If excluding, please provide 6 months payment history verifying the account are paid by the LLC as required by 7.1 of the guidelines. Additional findings may apply. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. For loans obtained and held under an LLC, a mortgage payment history by the borrower is not required. Please see attached for remaining requested information. Please apply to all related loans for these borrowers. XX XX - Seller-08/XX/2026 Counter-Received re taxes for 3h. Missing 12 month housing history for XX; Missing 12 month housing history for XX; Missing mortgage statement for XX and missing re taxes for XX - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. XXl: This was not paid off or marked as paid off. it is accounted for in DTI calculations. Please see attached mortgage XX: Please see attached mortgage statement XX: Both mortgages are reported on the credit report, please see attached XX: Please see attached final CD confirming the PITI amount and mortgage statement XX Please see attached XX Please see attached - Seller-08/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Missing the following on the Real Estate Owned properties: 3b- Missing the most recent 12 months timely mortgage payment history; 3c- Missing the most recent 12 months timely mortgage payment history; XX- Missing taxes; XX- Missing taxes; XX- Missing updated mortgage statement for XX- Missing the most recent 12 months timely mortgage payment history. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. For loans obtained and held under an LLC, a mortgage payment
history by the borrower is not required. Please see attached for remaining
requested information. Please apply to all related loans for these borrowers.
XX XX - Seller-08/XX/2026 Ready for Review-Document Uploaded. XX XX: This was not paid off or marked as paid off. it is accounted for in DTI calculations. Please see attached mortgage XX Please see attached mortgage statement XX Both mortgages are reported on the credit report, please see attached XX Please see attached final CD confirming the PITI amount and mortgage statement XX Please see attached XX Please see attached - Seller-08/XX/2026 |
Resolved-Mortgage statements
provided for 3B and 3C - Due Diligence Vendor-08/07/2026 |
Guideline: Qualifying FICO
score is at least 20 points above minimum for program - Required is 660
Borrower has 765 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.07 Guideline: LTV is less than guideline maximum - Required is 85 Borrower has 64.95 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NM | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 179 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1347 | 2026-06-05 16:22 | 2026-07-31 14:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 3rd Party VOE Prior to Close Missing | Resolved-Received
confirmation of professional active license.
- Due Diligence Vendor-07/XX/2026 Ready for Review-The same finding was cleared on other file for this borrower with the documentation provided, XX; please clear this finding as well. ; please clear this finding as well - Seller-07/XX/2026 Counter-Received real estate license. Provide processor's cert or VVOE confirming date verified. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. B2 is licensed RE agent. Please see attached for the borrower's license verification. - Seller-07/XX/2026 Open-Borrower 2 3rd Party VOE Prior to Close Missing Missing the Verbal Verification of Employment for Borrower 2. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-The same
finding was cleared on other file for this borrower with the documentation
provided, XX; please clear this finding as well. ; please clear this finding as well - Seller-07/XX/2026 Ready for Review-Document Uploaded. B2 is licensed RE agent. Please see attached for the borrower's license verification. - Seller-07/XX/2026 |
Resolved-Received
confirmation of professional active license.
- Due Diligence Vendor-07/31/2026 |
Guideline: Qualifying FICO
score is at least 20 points above minimum for program - Required is 660
Borrower has 765 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.07 Guideline: LTV is less than guideline maximum - Required is 85 Borrower has 64.95 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NM | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 179 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE7807 | 2026-06-05 16:22 | 2026-06-10 13:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Bank Statement Summary/Lender Worksheet is Missing | Resolved-Received Lender
Worksheet - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. please see attached - Seller-06/XX/2026 Open-The Borrower 2 Bank Statement Summary/Lender Worksheet is Missing Missing the Income Calculation Worksheet for Borrower 2. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. please see attached -
Seller-06/XX/2026 |
Resolved-Received Lender
Worksheet - Due Diligence Vendor-06/10/2026 |
Guideline: Qualifying FICO
score is at least 20 points above minimum for program - Required is 660
Borrower has 765 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.07 Guideline: LTV is less than guideline maximum - Required is 85 Borrower has 64.95 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NM | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 179 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE7806 | 2026-06-05 16:22 | 2026-06-10 13:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Bank Statement Summary/Lender Worksheet is Missing | Resolved-Received Lender
Worksheet - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing Missing the Income Calculation Worksheet for Borrower 1. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-Received Lender
Worksheet - Due Diligence Vendor-06/10/2026 |
Guideline: Qualifying FICO
score is at least 20 points above minimum for program - Required is 660
Borrower has 765 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 39.07 Guideline: LTV is less than guideline maximum - Required is 85 Borrower has 64.95 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NM | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 268 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 180 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-06-09 06:45 | 2026-08-07 14:29 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-3c HOI is in the
loan file. Tax bill for XX
provided. All mortgages included in
the DTI - Due Diligence Vendor-08/XX/2026 Counter-Missing 3c HOI. Missing taxes for XX. If excluding the required mortgage payment histories, please provide 6 months payment history verifying the payments are made through the LLC as required by 7.1 of the guidelines. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. For loans obtained and held under an LLC, a mortgage payment history by the borrower is not required. Please see attached for remaining requested information. Please apply to all related loans for these borrowers. XX XX XX XX XX XX - Seller-08/XX/2026 Ready for Review-Received mtg statements. Missing 3b XX XX 12 months mortgage rating. Missing XX XX XX HOI and 12 months mortgage rating Missing XX 12 month mortgage rating. Missing 3l mortgage statement. Missing XX re taxes unable to confirm from documentation received. MissingXX 3t-12 month most recent mortgage payment history on the XX XX#XXorrower 2) Missing updated credit supplement r mortgage statement for XX in his primary. Upon receipt additional information maybe required. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. XXXX: This was not paid off or marked as paid off. it is accounted for in DTI calculations. Please see attached mortgage XX: Please see attached mortgage statement XX Please see attached. XXr: Both mortgages are reported on the credit report, please see attached XX Please see attached. XX: Please see attached final CD confirming the PITI amount and mortgage statement XX: Please see attached - Seller-08/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Missing the following information from he Real Estate Owned: 3b- Missing 12 month most recent mortgage payment history on the XX #XX- Missing 12 month most recent mortgage payment history on the XX and the HOI; 3f- Missing 12 month most recent mortgage payment history on the XX Mortgage#XX- Missing a current mortgage Statement for XXk #XXe provided dated 5/XX/24); 3m- Missing Taxes; 3t- Missing 12 month most recent mortgage payment history on the XX XX#XXBorrower 2) Missing updated credit supplement r mortgage statement for XX in his primary. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. For loans obtained and held under an LLC, a mortgage payment
history by the borrower is not required. Please see attached for remaining
requested information. Please apply to all related loans for these borrowers.
XX - Seller-08/XX/2026 Ready for Review-Document Uploaded. XXXX: This was not paid off or marked as paid off. it is accounted for in DTI calculations. Please see attached mortgage XXl: Please see attached mortgage statement XX Please see attached. XX: Both mortgages are reported on the credit report, please see attached XX Please see attached. XX: Please see attached final CD confirming the PITI amount and mortgage statement XX: Please see attached - Seller-08/XX/2026 |
Resolved-3c HOI is in the
loan file. Tax bill for XX
provided. All mortgages included in
the DTI - Due Diligence Vendor-08/07/2026 |
LTV is less than guideline
maximum - Required is 85 Borrower has
69.62 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.08 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 765 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NM | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 180 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1347 | 2026-06-09 06:25 | 2026-07-30 14:55 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 3rd Party VOE Prior to Close Missing | Resolved-Business license
was provided and met guidelines: The business must be evidenced as in
existence for a minimum of one (1) year by: a CPA Letter, Business License,
or other reasonable evidence of business activity - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. B2 is licensed RE agent. Please see attached for the borrower's license verification. - Seller-07/XX/2026 Open-Borrower 2 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 updated CPA letter within 60 days of note date. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. B2 is licensed RE agent. Please see attached for the borrower's
license verification. - Seller-07/XX/2026 |
Resolved-Business license
was provided and met guidelines: The business must be evidenced as in
existence for a minimum of one (1) year by: a CPA Letter, Business License,
or other reasonable evidence of business activity - Due Diligence Vendor-07/30/2026 |
LTV is less than guideline
maximum - Required is 85 Borrower has
69.62 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.08 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 765 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NM | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 180 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE7807 | 2026-06-09 06:25 | 2026-06-11 13:05 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Bank Statement Summary/Lender Worksheet is Missing | Resolved-Received Lender
income worksheet. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-The Borrower 2 Bank Statement Summary/Lender Worksheet is Missing Missing the Income Calculation Worksheet for Borrower 2. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-Received Lender
income worksheet. - Due Diligence Vendor-06/11/2026 |
LTV is less than guideline
maximum - Required is 85 Borrower has
69.62 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.08 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 765 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NM | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 180 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE7806 | 2026-06-09 06:25 | 2026-06-11 13:03 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Bank Statement Summary/Lender Worksheet is Missing | Resolved-Received Lender
income worksheet. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing Missing the Income Calculation Worksheet for Borrower 1. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-Received Lender
income worksheet. - Due Diligence Vendor-06/11/2026 |
LTV is less than guideline
maximum - Required is 85 Borrower has
69.62 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.08 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 765 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NM | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 244 | XX | XX | C | A | C | A | A | A | C | A | Closed | FCRE1206 | 2026-06-09 13:29 | 2026-06-16 13:00 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received Fraud
Report and SAM to clear alerts. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists for the Seller. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-Received Fraud
Report and SAM to clear alerts. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - . Required is 720 Borrower has
754 Months Reserves exceed minimum required - Months Reserves 38 months exceed minimum required |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NV | Investment | purchase | NA | N/A | N/A | XX | ||
| 244 | XX | XX | C | A | C | A | A | A | C | A | Closed | FCRE1205 | 2026-06-09 13:29 | 2026-06-16 13:00 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received Fraud
Report and SAM to clear alerts. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-OFAC Check Not Completed and/or Cleared for the Seller. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-Received Fraud
Report and SAM to clear alerts. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - . Required is 720 Borrower has
754 Months Reserves exceed minimum required - Months Reserves 38 months exceed minimum required |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NV | Investment | purchase | NA | N/A | N/A | XX | ||
| 244 | XX | XX | C | A | C | A | A | A | C | A | Closed | FPRO1136 | 2026-06-09 12:12 | 2026-06-11 16:04 | Resolved | 1 - Information | C | A | Property | Appraisal | Subject property appraisal is not on an as-is basis (Primary Value) | Resolved-Received 1004d
addressing items indicated by appraiser - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see the last two pages shows 1004D completion report - Seller-06/XX/2026 Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present . Missing the 1004D Completion Cert from the appraiser. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see the last two pages shows 1004D completion report - Seller-06/XX/2026 |
Resolved-Received 1004d
addressing items indicated by appraiser - Due Diligence Vendor-06/11/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - . Required is 720 Borrower has
754 Months Reserves exceed minimum required - Months Reserves 38 months exceed minimum required |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NV | Investment | purchase | NA | N/A | N/A | XX | ||
| 175 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1206 | 2026-06-09 13:52 | 2026-06-16 13:21 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received updated
Fraud Report and Sam. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Seller was not included in Fraud Report search. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-Received updated
Fraud Report and Sam. - Due Diligence Vendor-06/16/2026 |
Months Reserves exceed
minimum required - Minm 12, Borrower has 20.28 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 737 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 253 | XX | XX | D | B | D | A | C | B | A | A | Closed | finding-3634 | 2026-06-09 13:56 | 2026-06-16 12:33 | Cured | 2 - Non-Material | C | B | Compliance | TRID | Charges That Cannot Increase Test | Cured------Received PCCD
06/XX/2026 with copy of letter, check and shipping Label. Finding is
Cured. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. - Seller-06/XX/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 $384.12.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 $384.12 (Credit Report Fee and Third Party Processing Fee) without a valid COC in file. Lender credit in the amount of $200.00 was issued on CD 6.4.26. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $184.12, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. - Seller-06/XX/2026 |
Cured------Received PCCD
06/11/2026 with copy of letter, check and shipping Label. Finding is
Cured. - Due Diligence
Vendor-06/16/2026 |
Qualifying DTI below maximum
allowed - DTI Required is 50% Borrower has 42.72%. Required is 50 Borrower
has 42.72 Months Reserves exceed minimum required - The Borrower has 34.14 months in reserves; guideline minimum is 6 months. |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | TX | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 253 | XX | XX | D | B | D | A | C | B | A | A | Closed | finding-3352 | 2026-06-09 13:56 | 2026-06-16 12:33 | 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/XX/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/XX/2026 Ready for Review-We agree this is an HPML loan; however, the loan contains an Appraisal and it is escrowed. Can this please be cleared. - Seller-06/XX/2026 |
Ready for Review-We agree
this is an HPML loan; however, the loan contains an Appraisal and it is
escrowed. Can this please be cleared.
- Seller-06/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-06/15/2026 |
Qualifying DTI below maximum
allowed - DTI Required is 50% Borrower has 42.72%. Required is 50 Borrower
has 42.72 Months Reserves exceed minimum required - The Borrower has 34.14 months in reserves; guideline minimum is 6 months. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | TX | Primary Residence | purchase | NA | N/A | N/A | XX | |||
| 253 | XX | XX | D | B | D | A | C | B | A | A | Closed | FCRE1326 | 2026-06-11 07:55 | 2026-06-15 13:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 YTD Profit & Loss Missing | Resolved-Received signed
P&L prepared by PTIN - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached P&L signed by the PTIN. - Seller-06/XX/2026 Open-Borrower 1 YTD Profit & Loss Missing. Profit and Loss Statement is not executed. Provide a Profit & Loss Statement that must be prepared by a qualified professional (CPA, IRS Enrolled Agent, CTEC registered tax preparer, PTIN holder, or Tax Attorney). - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached P&L signed by the PTIN. -
Seller-06/XX/2026 |
Resolved-Received signed
P&L prepared by PTIN - Due Diligence Vendor-06/15/2026 |
Qualifying DTI below maximum
allowed - DTI Required is 50% Borrower has 42.72%. Required is 50 Borrower
has 42.72 Months Reserves exceed minimum required - The Borrower has 34.14 months in reserves; guideline minimum is 6 months. |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | TX | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 253 | XX | XX | D | B | D | A | C | B | A | A | Closed | FCOM1267 | 2026-06-09 13:22 | 2026-06-09 14:16 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Homeownership Counseling Disclosure Is Partially Provided | Waived-Homeownership Counseling Disclosure Is Partially Provided (Date Creditor Received Application is 05-01-2026 and Occupancy is Primary Residence) Originator waiver applied to non-material findings. - Due Diligence Vendor-06/XX/2026 | Waived-Homeownership
Counseling Disclosure Is Partially Provided (Date Creditor Received
Application is 05-01-2026 and Occupancy is Primary Residence) Originator
waiver applied to non-material findings.
- Due Diligence Vendor-06/09/2026 |
Qualifying DTI below maximum
allowed - DTI Required is 50% Borrower has 42.72%. Required is 50 Borrower
has 42.72 Months Reserves exceed minimum required - The Borrower has 34.14 months in reserves; guideline minimum is 6 months. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | TX | Primary Residence | purchase | NA | Originator Post-Close | No | XX | ||||
| 191 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1159 | 2026-06-10 06:08 | 2026-06-15 11:56 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Received proof of
HOI EFF 6/XX/25 and along with renewal dated 6/XX/26 - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. We respectfully disagree The attached HOI delivered with the loan file was for the period of 6/XX/2025-06/XX/2026 and 06/XX/2026-06/XX/2027. - Seller-06/XX/2026 Open-Hazard Insurance Effective Date of 06-18-2026 is after the Note Date of 06-05-2026 - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. We respectfully disagree The attached HOI delivered with the loan
file was for the period of 6/XX/2025-06/XX/2026 and 06/XX/2026-06/XX/2027. -
Seller-06/XX/2026 |
Resolved-Received proof of
HOI EFF 6/18/25 and along with renewal dated 6/18/26 - Due Diligence
Vendor-06/15/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has 754
Required is 660 Borrower has 754 DSCR % greater than 1.20 - DSCR of 1.579 is greater than 1.20 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | IL | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 257 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE1162 | 2026-06-09 23:28 | 2026-06-16 15:34 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Partially Provided | Resolved-Received the
flood cert which states the community does not participate in the NFIP. - Due
Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Counter-Please provide documentation, nothing has been uploaded - Due Diligence Vendor-06/XX/2026 Ready for Review-Please see attached. - Seller-06/XX/2026 Open-Flood Certificate is Partially Provided FLOOD CERT INCOMPLETE - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 Ready for Review-Please see attached. - Seller-06/XX/2026 |
Resolved-Received the flood
cert which states the community does not participate in the NFIP. - Due
Diligence Vendor-06/16/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 37.1 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 660 Borrower has 740 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | NJ | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 257 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3634 | 2026-06-08 14:03 | 2026-06-12 11:12 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-PCCD provided
with cure, finding resolved. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. The CR fee was cured- $21.50 The survey fee should have been marked shopped. It's been moved- see attached - Seller-06/XX/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 $46.50.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 $46.50 Credit Report Fee and Title - Survey 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 $46.50, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C. $21.50 in credit was provided and shown on CD dated 06/XX/2026 - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The CR fee was cured- $21.50 The survey fee should have been marked shopped. It's been moved- see attached - Seller-06/XX/2026 |
Resolved-PCCD provided with
cure, finding resolved. - Due Diligence Vendor-06/12/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 37.1 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 660 Borrower has 740 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | NJ | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 257 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3652 | 2026-06-08 14:03 | 2026-06-12 11:09 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-COCs added,
finding resolved. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. The lender credit went from $15668 to $14388 due to the float to lock- see attached The lender credit went from $14388 to $7489 due to the change in DTI- see attached The lender credit went from $7489 to $14020.80 due to the change in DTI- see attached - Seller-06/XX/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 ($14,042.30) does not exceed or equal the comparable sum of specific and non-specific lender credits ($15,668.00). 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 $15,668.00 to $14,042.30 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $1,625.70, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The lender credit went from $15668 to $14388 due to the float to
lock- see attached The lender credit went from $14388 to $7489 due to the change in DTI- see attached The lender credit went from $7489 to $14020.80 due to the change in DTI- see attached - Seller-06/XX/2026 |
Resolved-COCs added, finding
resolved. - Due Diligence Vendor-06/12/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 37.1 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 660 Borrower has 740 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | NJ | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 172 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | LA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 234 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 261 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1206 | 2026-06-10 18:07 | 2026-06-17 14:00 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received Fraud
Report and SAM - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. See attached. - Seller-06/XX/2026 Counter-Received Fraud report. Report does not include XX or XX who signed the purchase contract as the Sellers. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists for the Seller. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. See attached. -
Seller-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 |
Resolved-Received Fraud
Report and SAM - Due Diligence Vendor-06/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
722 Months Reserves exceed minimum required - No reserves are required however 5.3 months have been verified |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | purchase | NA | N/A | N/A | XX | ||
| 261 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1205 | 2026-06-10 18:07 | 2026-06-17 14:00 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received Fraud
Report and SAM - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. See attached. - Seller-06/XX/2026 Counter-Received Fraud report. Report does not include XX or XX who signed the purchase contract as the Sellers. - Due Diligence Vendor-06/XX/2026 Ready for Review-Please see attached. - Seller-06/XX/2026 Open-OFAC Check Not Completed and/or Cleared for the Seller. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. See attached. -
Seller-06/XX/2026 Ready for Review-Please see attached. - Seller-06/XX/2026 |
Resolved-Received Fraud
Report and SAM - Due Diligence Vendor-06/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
722 Months Reserves exceed minimum required - No reserves are required however 5.3 months have been verified |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | purchase | NA | N/A | N/A | XX | ||
| 274 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | WA | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 250 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-10 17:54 | 2026-06-15 14:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received previous
rating and statements confirming full housing history. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. Lender notes the Credit report reflects the mortgage rating prior to transferring to XX Mtg and the prior mortgages show previous history, supports no lates for the most recent last 12 months. Also attached are the mortgage stmts showing paid current. Please have this expedited to be cleared as soon as possible - Seller-06/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Provide missing mortgage history for primary residence. Mortgage opened 10/25 and only 3 months reported. Subject to additional conditions. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Lender notes the Credit report reflects the mortgage rating prior
to transferring to XX and the prior mortgages show previous history, supports
no lates for the most recent last 12
months. Also attached are the mortgage stmts showing paid current. Please
have this expedited to be cleared as soon as possible - Seller-06/XX/2026 |
Resolved-Received previous
rating and statements confirming full housing history. - Due Diligence
Vendor-06/15/2026 |
Months Reserves exceed
minimum required - Min 6, actual 104.75 LTV is less than guideline maximum - . Required is 80 Borrower has 74.28 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 206 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3652 | 2026-06-10 10:31 | 2026-06-16 07:51 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | X | Ready for Review-Document
Uploaded. That is a typo. Per the CD, the lock was disclosed to the borrower
on 5/21. System evidence provided -
Seller-06/XX/2026 Ready for Review-Document Uploaded. The lender credit went from $1257 to a discount of $8693.54 due to the float to lock - see attached - Seller-06/XX/2026 |
Resolved-Received
explanation that typo for date on COC, lock confirmation in file shows lock
on 05/19/2026. Finding Resolved. - Due Diligence Vendor-06/16/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 18.12 LTV is less than guideline maximum - Required is 85 Borrower has 70 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 803 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 270 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE8013 | 2026-06-11 09:51 | 2026-08-27 17:03 | Resolved | 1 - Information | C | A | Credit | Eligibility | purchase Contract Issue | Resolved-Received addendum
to purchase contract reflecting borrowers initials. - Due Diligence
Vendor-08/XX/2026 Ready for Review-Document Uploaded. Please see attached documentation with the borrower's initials agreeing to the final sales price. Also refer to the attached emails indicating XX does not provide final addendums. Please escalate and clear this finding. - Seller-08/XX/2026 Counter-Received closing instructions not a signed addendum to the contract amending the price, there is no buyer signature present. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-Loan Purpose is purchase but purchase Contract is only Partially Provided. Missing the Addendum to the Contract of Sale reflecting the sales price of $XX and all other conditions remain in full force and effect. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached documentation with the borrower's initials
agreeing to the final sales price. Also refer to the attached emails
indicating XX does not provide final addendums. Please escalate and clear
this finding. - Seller-08/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 |
Resolved-Received addendum
to purchase contract reflecting borrowers initials. - Due Diligence
Vendor-08/27/2026 |
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 660 Borrower has 780 Qualifying DTI below maximum allowed - Required is 50 Borrower has 26.77 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | TX | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 317 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1506 | 2026-06-11 10:20 | 2026-06-16 15:43 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Credit findings
have been resolved. - Due Diligence Vendor-06/XX/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-06/XX/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing a satisfactory rental history for the previous 12 months prior to closing. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Please
refer to uploaded documents in related finding. - Seller-06/XX/2026 |
Resolved-Credit findings
have been resolved. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
810 Qualifying DTI below maximum allowed - Required is 45 Borrower has 36.7 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | |||
| 317 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1205 | 2026-06-11 10:03 | 2026-06-16 15:42 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received Fraud
Report w/OFAC Check Completed and Cleared - Due Diligence Vendor-06/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-OFAC Check Not Completed and/or Cleared OFAC/watchlist was not run for the Seller, Seller's Realtor, Buyer's Realtor, title settlement company. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 |
Resolved-Received Fraud
Report w/OFAC Check Completed and Cleared - Due Diligence
Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
810 Qualifying DTI below maximum allowed - Required is 45 Borrower has 36.7 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 317 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1440 | 2026-06-11 09:56 | 2026-06-16 15:39 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOR. -
Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-Housing History Does Not Meet Guideline Requirements The final loan application reflects the borrower currently rents their current residence for 12 years and 10 months and pays $2,872 per month in rent. However, the loan file is missing a satisfactory rental history for the previous 12 months prior to closing. Once received and reviewed, additional findings may apply. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 |
Resolved-Received VOR. - Due
Diligence Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
810 Qualifying DTI below maximum allowed - Required is 45 Borrower has 36.7 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 317 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1198 | 2026-06-11 10:40 | 2026-06-16 15:36 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Upon further
review, borrower is not a FTHB. Audited Reserves of 3 month(s) are greater
than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence
Vendor-06/XX/2026 Ready for Review-We respectfully disagree. The borrower is not a FTHB as the borrower owns an investment property. As such, 3 months reserves are required for LTV ≤ 80%. - Seller-06/XX/2026 Open-Audited Reserves of 3 month(s) are less than Guideline Required Reserves of 6 month(s) The borrower is a FTHB as per the final loan application and the lender's guidelines require 6 months reserves. However the borrower is currently short the required reserves. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-We
respectfully disagree. The borrower is not a FTHB as the borrower owns an
investment property. As such, 3 months reserves are required for LTV ≤
80%. - Seller-06/XX/2026 |
Resolved-Upon further
review, borrower is not a FTHB. Audited Reserves of 3 month(s) are greater
than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence
Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
810 Qualifying DTI below maximum allowed - Required is 45 Borrower has 36.7 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | |||
| 317 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3352 | 2026-06-10 10:50 | 2026-06-11 13:18 | 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/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-06/11/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
810 Qualifying DTI below maximum allowed - Required is 45 Borrower has 36.7 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||||
| 301 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3352 | 2026-06-10 13:17 | 2026-06-12 09:53 | 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/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-06/12/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - FICO Required is 720 Borrower has
762. Required is 720 Borrower has 762 Qualifying DTI below maximum allowed - DTI Required is 50% Borrower has 20.64%. Required is 50 Borrower has 20.64 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | TX | Primary Residence | purchase | NA | N/A | N/A | XX | ||||
| 310 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 181 | XX | XX | D | A | D | A | A | A | D | A | Closed | FCOM1220 | 2026-06-30 09:05 | 2026-07-02 15:19 | Resolved | 1 - Information | D | A | Credit | Missing Doc | The Deed of Trust is Missing | Resolved-After further
review DOT was provided and entered- condition resolved - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Counter-Document was not attached. - Due Diligence Vendor-07/XX/2026 Ready for Review-Please see attached. - Seller-07/XX/2026 Open-The Deed of Trust is Missing Additional findings may apply. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-07/XX/2026 Ready for Review-Please see attached. - Seller-07/XX/2026 |
Resolved-After further
review DOT was provided and entered- condition resolved - Due Diligence
Vendor-07/02/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
776 DSCR % greater than 1.20 - Subject DSCR 1.498% |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TN | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 181 | XX | XX | D | A | D | A | A | A | D | A | Closed | FPRO1257 | 2026-06-30 11:57 | 2026-07-02 15:08 | Resolved | 1 - Information | C | A | Property | Value | Primary Property Value is not Substantiated | Resolved-received the
original appraisal with a value of $XX, second appraisal in the file
supports- condition resolved - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Open-The Primary Property Value is unsubstantiated. Additional valuation product is required. The Primary Property Value is unsubstantiated. Missing the appraisal for $XX which the loan was qualified with. Additional findings may apply. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-07/XX/2026 |
Resolved-received the
original appraisal with a value of $XX second appraisal in the file supports-
condition resolved - Due Diligence Vendor-07/02/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
776 DSCR % greater than 1.20 - Subject DSCR 1.498% |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TN | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 181 | XX | XX | D | A | D | A | A | A | D | A | Closed | FPRO1253 | 2026-06-30 11:57 | 2026-07-02 15:06 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-After further
review- appraisal provided in another stip, this loan now has 2 appraisals
and second appraisal supports the original appraised value- condition
resolved - Due Diligence Vendor-07/XX/2026 Ready for Review-Please refer to uploaded documents in related finding. - Seller-07/XX/2026 Open-Additional valuation product has not been provided. Additional valuation product is required. Provide Secondary Valuation or Additional Valuation for $XX which the loan was qualified with. Additional findings may apply. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Please
refer to uploaded documents in related finding. - Seller-07/XX/2026 |
Resolved-After further
review- appraisal provided in another stip, this loan now has 2 appraisals
and second appraisal supports the original appraised value- condition
resolved - Due Diligence Vendor-07/02/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
776 DSCR % greater than 1.20 - Subject DSCR 1.498% |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | TN | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | |||
| 296 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-11 15:26 | 2026-08-11 10:32 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-HUD provided to
confirm taxes and insurance. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Please see attached, The T&I are included in the DTI calculations provided. Taxes-$781.25/mo (1.25% of recent purchase price); HOI-$712.19/mo (dec page). - Seller-08/XX/2026 Counter-Received information 3e was refinanced XX VOM was provided, dated 12/XX/2025 showing next due for Jan 2026. this loan was the loan was refinanced on 02/XX/2026 with Lender XX new loan XX with first due 04/XX/2026. no VOM was provided for this. #XXder to verify PITI as 1003 reflects $839 and review figures are $280.29 for taxes and HOI $712.19 = $992.48 - Due Diligence Vendor-07/XX/2026 Counter-Received VOM for XX new loan XX for April and May 2026 payments. The interest only payment is $10,419.19 vs prior PI $5293. Lender provided 1003/1008 with revised figures XX mortgage payment $10,419.19, Monthly Insurance, Taxes and association dues $1,493.44. Have new note, and VOM for the new loan, missing documentation for Insurance, taxes and association dues equivalent to $1493.44/mo. Lender DTI increased from 4.953% and 43.878% to 4.953% and 49.177%. ** 50% is Max DTI for the program - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026 Ready for Review-Document Uploaded. Borrower refinanced XX in Feb 2026 with new lender XX Release of lien for XXrecorded on 3/XX/26. New lien with XX was recorded on 2/XX/26. This is a construction loan where borrower takes draws and payment is based on whatever he has drawn. Please see attached Closing statement for this transaction showing he did not take a draw at time of closing. Please see attached copy of Note where on top of page 2 has what the monthly payment is at this time which is $2,826.67. This payment is based on the balance of the difference between total ln amt $2,071,280 and the holdback amount of $1,744,340. This balance is $326,940 x 10.75% IO=$2,826.67/mo. Please see revised 1003/1008 to exclude the paid off loan with XXand added the XX loan with monthly payment of $2,826.67. Updated DTI is 40.651% - Seller-07/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Missing a current XX statement acct#XXince the one in the file was dated 12/XX/2025. Additional findings may apply. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached, The T&I are included in the DTI
calculations provided. Taxes-$781.25/mo (1.25% of recent purchase price);
HOI-$712.19/mo (dec page). - Seller-08/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-08/XX/2026 Ready for Review-Document Uploaded. Borrower refinanced XX in Feb 2026 with new lender XX Release of lien for XXrecorded on 3/XX/26. New lien with XX was recorded on 2/XX/26. This is a construction loan where borrower takes draws and payment is based on whatever he has drawn. Please see attached Closing statement for this transaction showing he did not take a draw at time of closing. Please see attached copy of Note where on top of page 2 has what the monthly payment is at this time which is $2,826.67. This payment is based on the balance of the difference between total ln amt $2,071,280 and the holdback amount of $1,744,340. This balance is $326,940 x 10.75% IO=$2,826.67/mo. Please see revised 1003/1008 to exclude the paid off loan with XXand added the XXt loan with monthly payment of $2,826.67. Updated DTI is 40.651% - Seller-07/XX/2026 |
Resolved-HUD provided to
confirm taxes and insurance. - Due Diligence Vendor-08/11/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 680 Borrower has 747
Required is 680 Borrower has 747 LTV is less than guideline maximum - Max LTV is 80 Borrower has 72 Required is 80 Borrower has 72 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 42.69 Required is 50 Borrower has 42.69 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 293 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1506 | 2026-06-11 16:09 | 2026-06-15 13:47 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received lease
and proof of payment of rents from 7/2025-5/2026 - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Complete 12 month rental history not provided. Please provide documentation to verify borrower's rental history at current residence from 07/2025 through closing. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 |
Resolved-Received lease and
proof of payment of rents from 7/2025-5/2026 - Due Diligence
Vendor-06/15/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 12.65 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 800 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 293 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1440 | 2026-06-11 13:49 | 2026-06-15 13:46 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received lease
and proof of payment of rents from 7/2025-5/2026 - Due Diligence
Vendor-06/XX/2026 Ready for Review-Please see attached. - Seller-06/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Complete 12 month rental history not provided. Please provide documentation to verify borrower's rental history at current residence from 07/2025 through closing. Additional conditions may apply. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Please
see attached. - Seller-06/XX/2026 |
Resolved-Received lease and
proof of payment of rents from 7/2025-5/2026 - Due Diligence
Vendor-06/15/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 12.65 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 800 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 293 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3352 | 2026-06-10 14:42 | 2026-06-11 16:20 | 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/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-06/11/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 12.65 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 800 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||||
| 169 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1158 | 2026-06-11 12:06 | 2026-06-15 11:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Received HOI -
Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached HOI coverage at $XX - Seller-06/XX/2026 Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Printout summary provided with policy number, premium amount, and term of coverage. Please provide HOI Policy or Dec Page that contains complete information including coverage amounts, deductibles, and next payment due date along with Loss Payee Clause. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached HOI coverage at $394,565 - Seller-06/XX/2026 |
Resolved-Received HOI - Due
Diligence Vendor-06/15/2026 |
LTV is less than guideline
maximum - Required is 75 Borrower has 70 DSCR % greater than 1.20 - Required is 0 Borrower has 1.428 Qualifying FICO score is at least 20 points above minimum for program - Required is 620 Borrower has 662 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | IN | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 226 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | VA | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 269 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1157 | 2026-06-11 09:48 | 2026-06-16 14:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Received HOI. -
Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-Missing Hazard Insurance Policy Provide HOI policy. Subject to additional conditions - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 |
Resolved-Received HOI. - Due
Diligence Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 720 Borrower has
783 Months Reserves exceed minimum required - 20 months of reserves exceeds 6 months required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | WA | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 269 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-06-11 09:52 | 2026-06-16 14:22 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received Payment
History. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Provide a 12 month satisfactory mortgage history for the subject property. Subject to additional conditions. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 |
Resolved-Received Payment
History. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 720 Borrower has
783 Months Reserves exceed minimum required - 20 months of reserves exceeds 6 months required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | WA | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 292 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCOM1221 | 2026-06-11 16:35 | 2026-06-15 14:52 | Resolved | 1 - Information | C | A | Credit | Closing | The Deed of Trust is Incomplete | Resolved-Received complete
security instrument inclusive of legal description. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-The Deed of Trust is Incomplete Missing the complete Deed of Trust with the signature, Notary information and Legal Description. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-Received complete
security instrument inclusive of legal description. - Due Diligence
Vendor-06/15/2026 |
DSCR =/> 1.00 and minimum
is 0.85 or Less - DSCR =/> 1.00 and minimum is 0.85 or Less. Min DSCR % is
0.8 Borrower has 1.08 Required is 0.8 Borrower has 1.08 Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 700 Borrower has 788 Required is 700 Borrower has 788 LTV is less than guideline maximum - Max LTV is 75 Borrower has 65 Required is 75 Borrower has 65 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NC | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 271 | XX | XX | C | B | A | A | A | A | C | B | Closed | FPRO0022 | 2026-06-11 15:17 | 2026-06-16 14:18 | Waived | 2 - Non-Material | B | B | Property | Property | FEMA disaster (Public) after appraisal without a PDI or 1004D | Waived-Originator waiver
applied due to public FEMA disaster. - Due Diligence Vendor-06/XX/2026 Ready for Review-Please refer to uploaded comments and documents in related finding. - Seller-06/XX/2026 Open-Public FEMA disaster after appraisal without a PDI or 1004D. XX, Straight-line Winds, Flooding, Landslides, and Mudslides (DR-4906-WA) Incident Period: XX - XX Major Disaster Declaration declared on XX - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Please
refer to uploaded comments and documents in related finding. -
Seller-06/XX/2026 |
Waived-Originator waiver
applied due to public FEMA disaster. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - FICO Required is 660 Borrower has
730. Required is 660 Borrower has 730 LTV is less than guideline maximum - LTV Required is 75% Borrower has 70%. Required is 75 Borrower has 70 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | WA | Investment | Refinance | Cash Out - Other | Originator Post-Close | N/A | XX | |||
| 271 | XX | XX | C | B | A | A | A | A | C | B | Closed | FPRO0021 | 2026-06-11 15:17 | 2026-06-16 14:17 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster (Individual) after appraisal without a PDI or 1004D | Resolved-Received
Appraisal with an inspection date post the incident period and dated post the
declaration date. Appraiser note at
the time of inspection, there was no noticeable damage to the subject
property due to any recent weather related disasters, floods, or fires.
There has been no effect on value or marketability of the subject. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. The date of the appraisal Signature and Report is 04/XX/2026, which is after the event declaration on 04/XX/2026. Please refer to appraiser's comments on the supplemental addendum page stating "At the time of inspection, there was no noticeable damage to the subject property due to any recent weather related disaster, , floods, or fires. There has been no effect on value or marketability of the subject." - Seller-06/XX/2026 Open-Individual FEMA disaster after appraisal without a PDI or 1004D. XX, Straight-line Winds, Flooding, Landslides, and Mudslides (DR-4906-WA) Incident Period: XX - XX Major Disaster Declaration declared on XX - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The date of the appraisal Signature and Report is 04/XX/2026, which
is after the event declaration on 04/XX/2026. Please refer to appraiser's
comments on the supplemental addendum page stating "At the time of inspection,
there was no noticeable damage to the subject property due to any recent
weather related disaster, , floods, or fires. There has been no effect on
value or marketability of the subject." - Seller-06/XX/2026 |
Resolved-Received Appraisal
with an inspection date post the incident period and dated post the
declaration date. Appraiser note at
the time of inspection, there was no noticeable damage to the subject
property due to any recent weather related disasters, floods, or fires.
There has been no effect on value or marketability of the subject. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - FICO Required is 660 Borrower has
730. Required is 660 Borrower has 730 LTV is less than guideline maximum - LTV Required is 75% Borrower has 70%. Required is 75 Borrower has 70 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | WA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 285 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3540 | 2026-06-11 13:22 | 2026-06-16 11:31 | 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-06/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-06/XX/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"UXX 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 06/XX/2026 is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is 06/XX/2029. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. See attached - Seller-06/XX/2026 |
Resolved-Received document
tracking. Finding Resolved. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - . Required is 700 Borrower has
723 LTV is less than guideline maximum - . Required is 70 Borrower has 60 Qualifying DTI below maximum allowed - . Required is 50.49 Borrower has 33.85 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 285 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3652 | 2026-06-11 13:22 | 2026-06-16 11:31 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received
explanation Lender credit decreased with lock extension, Credit not listed on
COC. Finding Resolved. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. The lender credit decreased from $56495 to $56227 due to a lock extension- see attached - Seller-06/XX/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 ($56,227.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($56,495.00). 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 $56,495.00 to $56,227 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $268, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The lender credit decreased from $56495 to $56227 due to a lock
extension- see attached -
Seller-06/XX/2026 |
Resolved-Received
explanation Lender credit decreased with lock extension, Credit not listed on
COC. Finding Resolved. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - . Required is 700 Borrower has
723 LTV is less than guideline maximum - . Required is 70 Borrower has 60 Qualifying DTI below maximum allowed - . Required is 50.49 Borrower has 33.85 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 285 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2026-06-11 13:22 | 2026-06-16 11:31 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received
Explanation Broker fee increase with loan amount. Not listed on COC. Finding
Resolved. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. The credit report fee and the 2nd appraisal fee were cured - see attached the loan amount changed from $2,255,000 to XX causing the borrower paid comp to increase - see attached - Seller-06/XX/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 $11,607.00.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 $11,607.00 Mortgage Broker Fee, Credit Report Fee and Second 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 $11,607.00, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C. Credit for $1,145 does show on final CD dated 06/XX/2026 - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The credit report fee and the 2nd appraisal fee were cured - see
attached the loan amount changed from $2,255,000 to XX causing the borrower paid comp to increase - see attached - Seller-06/XX/2026 |
Resolved-Received
Explanation Broker fee increase with loan amount. Not listed on COC. Finding
Resolved. - Due Diligence Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - . Required is 700 Borrower has
723 LTV is less than guideline maximum - . Required is 70 Borrower has 60 Qualifying DTI below maximum allowed - . Required is 50.49 Borrower has 33.85 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 189 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3540 | 2026-06-11 14:24 | 2026-06-15 11:33 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-Received document
tracking for borrower receipt. Finding Resolved. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-06/XX/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"UXX 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. -----Initial CD 5/XX/2026 & CD 06/XX/2026 are not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is 06/XX/2029. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. See attached -
Seller-06/XX/2026 |
Resolved-Received document
tracking for borrower receipt. Finding Resolved. - Due Diligence
Vendor-06/15/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 660 Borrower has 691
Required is 660 Borrower has 691 LTV is less than guideline maximum - Required is 80 Borrower has 65.17 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.66 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | MA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 297 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3352 | 2026-06-11 15:10 | 2026-06-17 13:14 | 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/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-06/12/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 640 Borrower has 672 Qualifying DTI below maximum allowed - Required is 70 Borrower has 39.79 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||||
| 297 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3652 | 2026-06-12 08:25 | 2026-06-17 13:02 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received PCCD
06/XX/2026. Finding Resolved. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. See corrected PCCD - Seller-06/XX/2026 Ready for Review-Will you accept a corrected PCCD showing correct credit? This was not passed to the borrower. - Seller-06/XX/2026 Counter-We have a PCCD generated on 06/XX/2026 at 12:46 pm that shows the Lender Credit decreased to $37,4080.97 with a $1,102 credit for increase in closing costs. Lender fees cannot change after closing. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. The lender credit went from $37,853 to $38,885 (cure) $352- there was a loan amount change - attached Additional cure was added causing the lender credit to be $39,635.85 - total $1102- the change was due to a special for the ACH - Seller-06/XX/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 ($37,408.97) does not exceed or equal the comparable sum of specific and non-specific lender credits ($39,635.85). 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 $39,635.85 to $37,408.97 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $2,226.88, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. See corrected PCCD - Seller-06/XX/2026 Ready for Review-Will you accept a corrected PCCD showing correct credit? This was not passed to the borrower. - Seller-06/XX/2026 Ready for Review-Document Uploaded. The lender credit went from $37,853 to $38,885 (cure) $352- there was a loan amount change - attached Additional cure was added causing the lender credit to be $39,635.85 - total $1102- the change was due to a special for the ACH - Seller-06/XX/2026 |
Resolved-Received PCCD
06/17/2026. Finding Resolved. - Due Diligence Vendor-06/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 640 Borrower has 672 Qualifying DTI below maximum allowed - Required is 70 Borrower has 39.79 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 297 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1206 | 2026-06-12 13:22 | 2026-06-16 14:27 | 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/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Provide evidence that the Underwriter(s) are checked with the Exclusionary List. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. - Seller-06/XX/2026 |
Resolved-Received Fraud
Report w/All Interested Parties Checked against Exclusionary Lists - Due
Diligence Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 640 Borrower has 672 Qualifying DTI below maximum allowed - Required is 70 Borrower has 39.79 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 297 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1205 | 2026-06-12 13:22 | 2026-06-16 14:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received Fraud
Report w/OFAC Check Completed and Cleared - Due Diligence Vendor-06/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-OFAC Check Not Completed and/or Cleared Provide OFAC Check on the Underwriter(s). - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. - Seller-06/XX/2026 |
Resolved-Received Fraud
Report w/OFAC Check Completed and Cleared - Due Diligence
Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 640 Borrower has 672 Qualifying DTI below maximum allowed - Required is 70 Borrower has 39.79 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 223 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | |||||||||||||||||||
| 176 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CT | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 215 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | |||||||||||||||||||
| 275 | XX | XX | C | A | A | A | A | A | C | A | Closed | FPRO0011 | 2026-06-12 11:34 | 2026-06-16 16:37 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Received
appraisal, inspection date 04/XX/2026. (DR-4906-WA) Incident Period: XX Declaration declared on XX is prior to
inspection date. The appraisal was completed after the disaster date and the
disaster effective date. The appraisal
was completed as-is and does not reflect an damage. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Lender notes the Last Disaster period was 12/XX/2025 - 12/XX/2025, the appraisal report dated XX is dated after said event had passed and does not required to have a 1004D since the Property shows no need for repairs, no physical deficiencies nor adverse conditions, condition is C2 and is made AS-IS. Appraisal report has sufficient comments reported and condition of subject meets requirements. Please have this expedited to be cleared as soon as possible - Seller-06/XX/2026 Open-Washington Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides (DR-4906-WA), Incident Period: XXMajor Disaster Declaration declared on XX, INDIVIDUAL & PUBLIC ASSISTANCE. Post disaster inspection required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Lender
notes the Last Disaster period was 12/XX/2025 - 12/XX/2025, the appraisal
report dated 4.16.2026 is dated after said event had passed and does not
required to have a 1004D since the Property shows no need for repairs, no
physical deficiencies nor adverse conditions, condition is C2 and is made
AS-IS. Appraisal report has sufficient comments reported and condition of
subject meets requirements. Please have this expedited to be cleared as soon
as possible - Seller-06/XX/2026 |
Resolved-Received appraisal,
inspection date 04/09/2026. (DR-4906-WA) Incident Period: XX Declaration declared on XX is prior to
inspection date. The appraisal was completed after the disaster date and the
disaster effective date. The appraisal
was completed as-is and does not reflect an damage. - Due Diligence
Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
802 LTV is less than guideline maximum - Required is 80 Borrower has 74.56 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | WA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | |||
| 275 | XX | XX | C | A | A | A | A | A | C | A | Closed | FPRO0012 | 2026-06-12 11:34 | 2026-06-16 16:37 | Resolved | 1 - Information | B | A | Property | Property | FEMA disaster declared PUBLIC ONLY | Resolved-Received
appraisal, inspection date 04/XX/2026. (DR-4906-WA) Incident Period: XX Declaration declared on XX is prior to
inspection date. The appraisal was completed after the disaster date and the
disaster effective date. The appraisal
was completed as-is and does not reflect an damage. - Due Diligence
Vendor-06/XX/2026 Open-Washington Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides (DR-4906-WA), Incident Period: XXMajor Disaster Declaration declared on XX, INDIVIDUAL & PUBLIC ASSISTANCE, Appraisals completed after a disaster: The appraiser must comment on the adverse event and certify no change in valuation. - Due Diligence Vendor-06/XX/2026 |
Resolved-Received appraisal,
inspection date 04/09/2026. (DR-4906-WA) Incident Period: XX Declaration declared on XX is prior to
inspection date. The appraisal was completed after the disaster date and the
disaster effective date. The appraisal
was completed as-is and does not reflect an damage. - Due Diligence
Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
802 LTV is less than guideline maximum - Required is 80 Borrower has 74.56 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | WA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||||
| 248 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE1506 | 2026-06-15 11:50 | 2026-06-17 13:45 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received CTEC
letter - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please clear - Seller-06/XX/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. CPA letter missing verifying S/E - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please clear -
Seller-06/XX/2026 |
Resolved-Received CTEC
letter - Due Diligence Vendor-06/17/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has
13.07 Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 24.96 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 730 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 248 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE1325 | 2026-06-15 09:44 | 2026-06-17 13:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received CTEC
letter - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-Borrower 1 CPA Letter Missing Missing the CPA/ CTEC Letter dated 5/XX/2026 (referred to on the CPA Letter/License Check) confirming the percentage of ownership that the borrower has and how long he has been in business. Upon receipt additional information may be required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-Received CTEC
letter - Due Diligence Vendor-06/17/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has
13.07 Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 24.96 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 730 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 248 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3634 | 2026-06-12 09:31 | 2026-06-17 09:16 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received
explanation fees increased with COC for product change, fees not listed on
COC. Finding Resolved. - Due Diligence Vendor-06/XX/2026 Ready for Review-See previous condition with explanation and documents - Seller-06/XX/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 $120.00.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 $120.00 (Loan Discount 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 $120.00, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-06/XX/2026 |
Ready for Review-See
previous condition with explanation and documents - Seller-06/XX/2026 |
Resolved-Received
explanation fees increased with COC for product change, fees not listed on
COC. Finding Resolved. - Due Diligence Vendor-06/17/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has
13.07 Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 24.96 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 730 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | |||
| 248 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3352 | 2026-06-12 09:31 | 2026-06-17 09:16 | 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/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-06/15/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has
13.07 Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 24.96 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 730 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||||
| 248 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3652 | 2026-06-12 09:36 | 2026-06-17 09:16 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received
explanation fees decreased on loan Lock COC and again on product change COC.
Fees not listed on COC. Finding Resolved. - Due Diligence Vendor-06/XX/2026
Ready for Review-Document Uploaded. The lender credit decreased from $1375 to $500 due to the float to lock and rate change - see attached The lender credit decreased from $500 to a discount of $120 due to the program change- see attached - Seller-06/XX/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 ($1,375.00). 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 $1,375.00 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 $1,375.00, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The lender credit decreased from $1375 to $500 due to the float to
lock and rate change - see attached The lender credit decreased from $500 to a discount of $120 due to the program change- see attached - Seller-06/XX/2026 |
Resolved-Received
explanation fees decreased on loan Lock COC and again on product change COC.
Fees not listed on COC. Finding Resolved. - Due Diligence
Vendor-06/17/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has
13.07 Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 24.96 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 730 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 252 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE0075 | 2026-06-12 09:50 | 2026-06-29 12:25 | 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
corrected 1003, this was an error - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Counter-Received co signor LOX missing revised final signed 1003 - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-CoSignor or Guarantor is on debt or a loan not in this application according to the 1003 Declaration. Provide LOX and docs to clarify "Yes" answer to co-signer on debt not disclosed on loan application. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 |
Resolved-Received corrected
1003, this was an error - Due Diligence Vendor-06/29/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has 53.8 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 688 Credit history exceeds minimum required - Borrower has 0X30 reporting since 2021. |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | VA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 252 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1510 | 2026-06-12 09:44 | 2026-06-17 15:04 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received recorded
DOT w/Legal. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing attached legal description - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 |
Resolved-Received recorded
DOT w/Legal. - Due Diligence Vendor-06/17/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has 53.8 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 688 Credit history exceeds minimum required - Borrower has 0X30 reporting since 2021. |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | VA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 252 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3652 | 2026-06-12 11:22 | 2026-06-17 08:58 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received
explanation Lender credit decreased with change in Loan amount COC, Lender
Credit not listed on COC. Finding Resolved. - Due Diligence Vendor-06/XX/2026
Ready for Review-Document Uploaded. The lender credit went from $1321.40 to $1292.60 due to the change in loan amount- see attached - Seller-06/XX/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 ($1,292.60) does not exceed or equal the comparable sum of specific and non-specific lender credits ($1,321.40). 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 $1,321.40 to $1,292.60 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $28.80, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The lender credit went from $1321.40 to $1292.60 due to the change
in loan amount- see attached -
Seller-06/XX/2026 |
Resolved-Received
explanation Lender credit decreased with change in Loan amount COC, Lender
Credit not listed on COC. Finding Resolved. - Due Diligence
Vendor-06/17/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has 53.8 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 688 Credit history exceeds minimum required - Borrower has 0X30 reporting since 2021. |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | VA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 277 | XX | XX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | VA | Primary Residence | purchase | NA | |||||||||||||||||||
| 276 | XX | XX | A | A | A | A | A | A | A | A | Closed | finding-3352 | 2026-06-12 12:12 | 2026-06-16 09:17 | Resolved | 1 - Information | A | A | Compliance | Points & Fees | Higher-Priced Mortgage Loan Test | Resolved-loan meets HPML
requirements for appraisal and full escrows - Due Diligence Vendor-06/XX/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/XX/2026 |
Resolved-loan meets HPML
requirements for appraisal and full escrows - Due Diligence
Vendor-06/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 720 Borrower has 740
Required is 720 Borrower has 740 Months Reserves exceed minimum required - Months reserves required is 9; qualifying reserves is 15.93 months. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||||
| 304 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NC | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 228 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | |||||||||||||||||||
| 291 | XX | XX | D | B | D | A | A | A | B | B | Closed | FCRE1440 | 2026-06-15 11:43 | 2026-08-25 14:26 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received XX
Release of lien exhibit A reflects XX
XX and XX and VOM 0x30 - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. See attached Payment/Lien Release for XX (XX). Please clear. - Seller-08/XX/2026 Counter-Please provide payment history for XX. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. See attached LOE for XX property. The property is owned free and clear. No mortgage or payoff. Please clear. - Seller-08/XX/2026 Counter-Provide VOM for Subject Property XX, TX, XX, XX. Since this is a cross collateral, include subject address on provided VOM - Due Diligence Vendor-06/XX/2026 Ready for Review-correct that is the cross collateralized loan. no lates, please clear - Seller-06/XX/2026 Counter-Received VOM for $XX loan reflecting 0x30, however the property address does not reflect subject property. Please provide revised VOM reflecting subject as cross collateralized loan. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached VOM for XX, XX TX XX - Seller-06/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Missing housing history for the cross collateral mortgage tied to the subject property. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. See attached Payment/Lien Release for XX (XX LLC). Please clear. -
Seller-08/XX/2026 Ready for Review-Document Uploaded. See attached LOE for XX property. The property is owned free and clear. No mortgage or payoff. Please clear. - Seller-08/XX/2026 Ready for Review-correct that is the cross collateralized loan. no lates, please clear - Seller-06/XX/2026 Ready for Review-Document Uploaded. Please see attached VOM for XX., XX TX XX - Seller-06/XX/2026 |
Resolved-Received XX Release
of lien exhibit A reflects XX and VOM
0x30 - Due Diligence Vendor-08/25/2026 |
Credit history exceeds
minimum required - Credit history/FICO exceeds minimum required. Months Reserves exceed minimum required - Months 69.91 Reserves exceed minimum required |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 291 | XX | XX | D | B | D | A | A | A | B | B | Closed | FCRE1151 | 2026-06-12 17:32 | 2026-08-25 14:08 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved- Chain of title
is satisfactory. - Due Diligence
Vendor-06/XX/2026 Ready for Review-See title items - Subject shows history of property taxes due and paid from 2018 tied with our borrower, has owned since and no 24 chain transfers - not applicable - Seller-06/XX/2026 Open-Unsatisfactory Chain of Title provided. Satisfactory Chain of Title not Provided - Due Diligence Vendor-06/XX/2026 |
Ready for Review-See title
items - Subject shows history of property taxes due and paid from 2018 tied
with our borrower, has owned since and no 24 chain transfers - not
applicable - Seller-06/XX/2026 |
Resolved- Chain of title is
satisfactory. - Due Diligence
Vendor-06/17/2026 |
Credit history exceeds
minimum required - Credit history/FICO exceeds minimum required. Months Reserves exceed minimum required - Months 69.91 Reserves exceed minimum required |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | |||
| 291 | XX | XX | D | B | D | A | A | A | B | B | Closed | FCRE1254 | 2026-06-15 11:42 | 2026-08-25 14:08 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received partial
release resolving #XXue Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. See attached lien release for number 9 on the title. Please clear. - Seller-08/XX/2026 Counter-Provide the lien release for number 9 on title. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. See attached document. Page 18 of the CD provides proof that tax lien items 7 and 8 were paid off to XX (XX) at closing. Please clear. - Seller-08/XX/2026 Counter-Received VOM and Note dated 02/XX/2024 iao $XX. Condition remains, commitment dated 03/XX/2026 reflects item #XX items 7&8 tax liens and #XX without release would be in first lien position to the subject mortgage. Please provide evidence how there were handled/ release/satisfied. Additional conditions may apply. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. - Seller-06/XX/2026 Open-Property Title Issue Additional lien with XX for $XX dated XX. does not reflect as a pay off on the final HUD. Stated that is a part of cross collateral mortgage, however the release for this property was not completed. The lien would remain in front of the new mortgage. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. See attached lien release for number 9 on the title. Please clear.
- Seller-08/XX/2026 Ready for Review-Document Uploaded. See attached document. Page 18 of the CD provides proof that tax lien items 7 and 8 were paid off to XX (XX) at closing. Please clear. - Seller-08/XX/2026 Ready for Review-Document Uploaded. - Seller-06/XX/2026 |
Resolved-Received partial
release resolving #XXue Diligence Vendor-08/25/2026 |
Credit history exceeds
minimum required - Credit history/FICO exceeds minimum required. Months Reserves exceed minimum required - Months 69.91 Reserves exceed minimum required |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 291 | XX | XX | D | B | D | A | A | A | B | B | Closed | FCRE1157 | 2026-06-12 17:43 | 2026-06-17 13:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Received
insurance policy and RCE. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached HOI for subject is highlighted and RCE is attached also - Seller-06/XX/2026 Open-Missing Hazard Insurance Policy Hazard Insurance Policy is Missing - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached HOI for subject is highlighted and RCE is
attached also - Seller-06/XX/2026 |
Resolved-Received insurance
policy and RCE. - Due Diligence Vendor-06/17/2026 |
Credit history exceeds
minimum required - Credit history/FICO exceeds minimum required. Months Reserves exceed minimum required - Months 69.91 Reserves exceed minimum required |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 291 | XX | XX | D | B | D | A | A | A | B | B | Closed | FPRO9876 | 2026-06-12 17:38 | 2026-06-15 11:47 | Waived | 2 - Non-Material | B | B | Property | Value | Review Product 1 > 10% OR Review Product 2 > 10% XX B Grade | Waived-Originator
exception granted to allow additional review product exceeds variance ,
Non-material waiver applied with comp factors - Due Diligence
Vendor-06/XX/2026 Open-XX value equals B, secondary product within tolerance. This finding will be rated a B for XX. All other agencies will be rated as A. - Due Diligence Vendor-06/XX/2026 |
Waived-Originator exception
granted to allow additional review product exceeds variance , Non-material
waiver applied with comp factors - Due Diligence Vendor-06/15/2026 |
Credit history exceeds
minimum required - Credit history/FICO exceeds minimum required. Months Reserves exceed minimum required - Months 69.91 Reserves exceed minimum required |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | XX | ||||
| 202 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 266 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE1325 | 2026-06-15 11:02 | 2026-06-17 15:40 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Receive tax
preparer letter confirming ownership percentage and length of business. - Due
Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-Borrower 1 CPA Letter Missing Missing CPA letter verifying time in business and ownership percentage. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 |
Resolved-Receive tax
preparer letter confirming ownership percentage and length of business. - Due
Diligence Vendor-06/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
705 LTV is less than guideline maximum - Required is 80 Borrower has 58.88 Qualifying DTI below maximum allowed - Required is 50 Borrower has 8.53 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | MA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 266 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3634 | 2026-06-12 11:51 | 2026-06-17 08:31 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received PCCD
06/XX/2026. Finding Resolved. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. The credit report was cured. The discount went from $3403.75 to $5250 due to the change in the loan type & the interest rate being changed - see attached - Seller-06/XX/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 $1,896.50.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 $1896.50 (Points and Credit report) 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 $1846.25, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Final CD provided a $50.25 credit for increase in closing costs to cover the Credit report increase. Remediation options (1) within 60 days of consummation expires 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The credit report was cured. The discount went from $3403.75 to
$5250 due to the change in the loan type & the interest rate being
changed - see attached - Seller-06/XX/2026 |
Resolved-Received PCCD
06/16/2026. 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
705 LTV is less than guideline maximum - Required is 80 Borrower has 58.88 Qualifying DTI below maximum allowed - Required is 50 Borrower has 8.53 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | MA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 266 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3635 | 2026-06-12 11:51 | 2026-06-17 08:31 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Received PCCD
06/XX/2026. Finding Resolved. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. See attached and advise - Seller-06/XX/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% ($590.00) exceed the comparable charges ($465.00) 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). - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. See attached and advise -
Seller-06/XX/2026 |
Resolved-Received PCCD
06/16/2026. 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
705 LTV is less than guideline maximum - Required is 80 Borrower has 58.88 Qualifying DTI below maximum allowed - Required is 50 Borrower has 8.53 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | MA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 266 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3652 | 2026-06-12 11:51 | 2026-06-17 08:28 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received
explanation fees decreased with lock. not listed on COC. Finding Resolved. -
Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. the lender credit went from $1459 to a discount of $3403.75 with a cure of $50.25 for the credit report fee - the change was for the float to lock - see attached - Seller-06/XX/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 ($50.25) does not exceed or equal the comparable sum of specific and non-specific lender credits ($1,459.00). 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 $1459 to $50.25 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $1408.75, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. the lender credit went from $1459 to a discount of $3403.75 with a
cure of $50.25 for the credit report fee - the change was for the float to
lock - see attached - Seller-06/XX/2026 |
Resolved-Received
explanation fees decreased with lock. not listed on COC. 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
705 LTV is less than guideline maximum - Required is 80 Borrower has 58.88 Qualifying DTI below maximum allowed - Required is 50 Borrower has 8.53 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | MA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 263 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | WA | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 209 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | PA | Investment | purchase | NA | |||||||||||||||||||
| 287 | XX | XX | C | A | A | A | A | A | C | A | Closed | FVAL2477 | 2026-06-15 07:22 | 2026-06-16 15:08 | Resolved | 1 - Information | C | A | Property | Appraisal | Appraisal incomplete (missing map, layout, pages, etc.) | Resolved-Received 50 page
complete appraisal report. - Due
Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-Only partial Appraisal provided, missing several pages from beginning of report. Additional conditions may apply. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. - Seller-06/XX/2026 |
Resolved-Received 50 page
complete appraisal report. - Due
Diligence Vendor-06/16/2026 |
LTV is less than guideline
maximum - Required is 65 Borrower has 59.36 Required is 65 Borrower has
59.36 Months Reserves exceed minimum required - Months reserves required is 0; qualifying reserves is 34.15 months. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 288 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NH | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 294 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE6019 | 2026-06-15 11:25 | 2026-06-17 14:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Received i797
reflecting i-551 extended 36mo from expiration date. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached I-797 and confirmation the application for the replacement card has been paid for, received by the INS and in process. No further documentation is required to clear this issue. - Seller-06/XX/2026 Open-Borrower Citizenship Documentation Is Missing Green card is expired - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached I-797 and confirmation the application for the
replacement card has been paid for, received by the INS and in process. No
further documentation is required to clear this issue. - Seller-06/XX/2026 |
Resolved-Received i797
reflecting i-551 extended 36mo from expiration date. - Due Diligence
Vendor-06/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
758 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.055 Required is 0.8 Borrower has 1.055 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NJ | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 316 | XX | XX | D | A | A | A | A | A | D | A | Closed | FPRO1242 | 2026-06-15 12:44 | 2026-06-17 14:31 | Resolved | 1 - Information | D | A | Property | Missing Doc | Appraisal is Missing | Resolved-Received
appraisal report completed subject to, also provided 1004d and FNMA UCDP with
CU score 1 - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-Appraisal is Missing - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-Received appraisal
report completed subject to, also provided 1004d and FNMA UCDP with CU score
1 - Due Diligence Vendor-06/17/2026 |
Months Reserves exceed
minimum required - Lender minimum reserves 3m PITIA, borrower reserves
28.53m. Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 752 Required is 700 Borrower has 752 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 319 | XX | XX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | |||||||||||||||||||
| 208 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3652 | 2026-06-12 13:57 | 2026-06-16 13:13 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received
explanation that lender credit decreased with lock extension COC, Lender
Credit not listed on COC. Finding Resolved. - Due Diligence Vendor-06/XX/2026
Ready for Review-Document Uploaded. The lender credit went from $7467.58 to $4850.98 due to the lock extension - see attached - Seller-06/XX/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 ($4,850.98) does not exceed or equal the comparable sum of specific and non-specific lender credits ($7,467.58). 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 $7,467.58 to $4,850.98 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $2,616.60, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The lender credit went from $7467.58 to $4850.98 due to the lock
extension - see attached - Seller-06/XX/2026 |
Resolved-Received
explanation that lender credit decreased with lock extension COC, Lender
Credit not listed on COC. Finding Resolved. - Due Diligence
Vendor-06/16/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has 66.39 Qualifying DTI below maximum allowed - Required is 50 Borrower has 25.89 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 208 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3625 | 2026-06-12 15:14 | 2026-06-16 13:13 | 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
06/XX/2026 correcting payee in section B. Finding Resolved. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-06/XX/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. ----- Third Party Processing 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 06/XX/2027. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. See attached -
Seller-06/XX/2026 |
Resolved-Received PCCD
06/15/2026 correcting payee in section B. Finding Resolved. - Due Diligence
Vendor-06/16/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has 66.39 Qualifying DTI below maximum allowed - Required is 50 Borrower has 25.89 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 208 | XX | XX | C | A | A | A | C | A | A | A | Closed | FCOM0014 | 2026-06-12 14:58 | 2026-06-16 12:54 | Resolved | 1 - Information | C | A | Compliance | Closing | Missing evidence appraisal delivered to borrower a minimum of 3 days prior to closing | Resolved-Received
notification of value sent. Finding Resolved. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. The appraisal report was completed on 05/XX/26 with an email sent to the borrower on 05/05 (see attached) - Seller-06/XX/2026 Open-Missing evidence of appraisal being received 3 or more days prior to closing was not met. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The appraisal report was completed on 05/XX/26 with an email sent
to the borrower on 05/05 (see attached) - Seller-06/XX/2026 |
Resolved-Received
notification of value sent. Finding Resolved. - Due Diligence
Vendor-06/16/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has 66.39 Qualifying DTI below maximum allowed - Required is 50 Borrower has 25.89 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 322 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1506 | 2026-06-15 14:04 | 2026-06-17 13:40 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received CTEC
letter and rent free letter - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. items are uploaded, please clear - Seller-06/XX/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. 1. A rent-free letter is required. The signor must be the property owner or lessee and must provide evidence of ownership or their lease. 2. Missing CTEC letter to coincide with the P&L. The preparer must attest to its accuracy, confirm a minimum of one (1) year of business existence, and indicate the borrower's ownership percentage. This information was missing. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. items are uploaded, please clear
- Seller-06/XX/2026 |
Resolved-Received CTEC
letter and rent free letter - Due Diligence Vendor-06/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
786 LTV is less than guideline maximum - Required is 80 Borrower has 52.59 Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.4 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 322 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-06-15 13:08 | 2026-06-17 13:38 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received rent
free letter and validation of ownership of property. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached rent free letter - Seller-06/XX/2026 Open-Housing History Does Not Meet Guideline Requirements A rent-free letter is required. The signor must be the property owner or lessee and must provide evidence of ownership or their lease. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached rent free letter - Seller-06/XX/2026 |
Resolved-Received rent free
letter and validation of ownership of property. - Due Diligence
Vendor-06/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
786 LTV is less than guideline maximum - Required is 80 Borrower has 52.59 Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.4 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 322 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2026-06-15 13:04 | 2026-06-17 13:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received CTEC
letter - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached CPA Letter - Seller-06/XX/2026 Open-Borrower 1 CPA Letter Missing Missing CTEC letter to coincide with the P&L. The preparer must attest to its accuracy, confirm a minimum of one (1) year of business existence, and indicate the borrower's ownership percentage. This information was missing. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached CPA Letter
- Seller-06/XX/2026 |
Resolved-Received CTEC
letter - Due Diligence Vendor-06/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
786 LTV is less than guideline maximum - Required is 80 Borrower has 52.59 Qualifying DTI below maximum allowed - Required is 50 Borrower has 43.4 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 239 | XX | XX | C | B | C | A | A | A | B | B | Closed | FVAL5524 | 2026-06-16 10:39 | 2026-06-23 13:10 | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Property | Resolved-After further
review- GL 8.1.4 states that ADU classification is determined by the county
and the appraiser, rather than by the physical unit count alone. The
appraiser notes that both the ADU and SB9 units have valid permits, which
supports the conclusion that XX County authorized the construction of the
additional units on the property. Furthermore, the appraiser provided the
required comparable sales and demonstrated that the improvements are typical
for the market and compliant with applicable zoning regulations. Properties
with multiple ADUs are not considered ineligible per G/L and for rental
income on a refinance — a copy of the lease is not required if the appraiser
lists the rent on Form 1007. - Due Diligence Vendor-06/XX/2026 Counter-Received rebuttal. Section 8.1.4 and 8.4 of the XX DSCR guidelines does not state that more than 1 ADU (or additional units exceeding 1) are allowed. The subject property is a SFR with an ADU and an SB9, and the borrower was qualified using rental income from all three units. As a result, the property is not eligible per the guidelines due to having an SB9. - Due Diligence Vendor-06/XX/2026 Ready for Review-GL 8.1.4 states that ADU classification is determined by the county and the appraiser, rather than by the physical unit count alone. The appraiser notes that both the ADU and SB9 units have valid permits, which supports the conclusion that XX County authorized the construction of the additional units on the property. Furthermore, the appraiser provided the required comparable sales and demonstrated that the improvements are typical for the market and compliant with applicable zoning regulations. - Seller-06/XX/2026 Open-Section 8.1.4 of the XX DSCR guidelines does not state that more than 1 ADU (or additional units exceeding 1) are allowed. The subject property is a SFR with an ADU and an SB9, and the borrower was qualified using rental income from all three units. As a result, the property is not eligible per the guidelines due to having an SB9. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-GL 8.1.4
states that ADU classification is determined by the county and the appraiser,
rather than by the physical unit count alone. The appraiser notes that both
the ADU and SB9 units have valid permits, which supports the conclusion that
XX authorized the construction of the additional units on the property.
Furthermore, the appraiser provided the required comparable sales and
demonstrated that the improvements are typical for the market and compliant
with applicable zoning regulations. - Seller-06/XX/2026 |
Resolved-After further
review- GL 8.1.4 states that ADU classification is determined by the county
and the appraiser, rather than by the physical unit count alone. The
appraiser notes that both the ADU and SB9 units have valid permits, which
supports the conclusion that XX County authorized the construction of the
additional units on the property. Furthermore, the appraiser provided the
required comparable sales and demonstrated that the improvements are typical
for the market and compliant with applicable zoning regulations. Properties
with multiple ADUs are not considered ineligible per G/L and for rental
income on a refinance — a copy of the lease is not required if the appraiser
lists the rent on Form 1007. - Due Diligence Vendor-06/23/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
741 On time mortgage history exceeds guideline requirement - 0x30x12 required - borrower has 2 mortgages 0x30x36+ |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | |||
| 239 | XX | XX | C | B | C | A | A | A | B | B | Closed | FPRO9876 | 2026-06-15 13:19 | 2026-06-15 23:11 | Waived | 2 - Non-Material | B | B | Property | Value | Review Product 1 > 10% OR Review Product 2 > 10% XX B Grade | Waived-XX value equals B, secondary product within tolerance. This finding will be rated a B for XX. 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-06/XX/2026 | Waived-XX value equals B,
secondary product within tolerance. This finding will be rated a B for XX.
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-06/15/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
741 On time mortgage history exceeds guideline requirement - 0x30x12 required - borrower has 2 mortgages 0x30x36+ |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | XX | ||||
| 313 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 283 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1199 | 2026-06-22 09:57 | 2026-06-22 10:00 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Resolved-Audited Loan
Amount is less than or equal to the Guideline Maximum Loan Amount of $2500000
- Due Diligence Vendor-06/XX/2026 Open-Audited Loan Amount is greater than the Guideline Maximum Loan Amount of $1000000 - Due Diligence Vendor-06/XX/2026 |
Resolved-Audited Loan Amount
is less than or equal to the Guideline Maximum Loan Amount of $2500000 - Due
Diligence Vendor-06/22/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
776 LTV is less than guideline maximum - Required is 75 Borrower has 40.42 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75 Borrower has 1.067 verified. |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||||
| 283 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1108 | 2026-06-22 09:23 | 2026-06-22 09:25 | Resolved | 1 - Information | C | A | Credit | Closing | Calculated Initial Payment and Initial Principal and Interest Payment do not match | Resolved-Calculated
Initial P&I Payment Amount matches Initial Payment Amount or is within
$0.01 variance. - Due Diligence Vendor-06/XX/2026 Open-Calculated Initial P&I Payment Amount does not match Initial P&I Payment Amount (Variance exceeds $0.01) - Due Diligence Vendor-06/XX/2026 |
Resolved-Calculated Initial
P&I Payment Amount matches Initial Payment Amount or is within $0.01
variance. - Due Diligence Vendor-06/22/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
776 LTV is less than guideline maximum - Required is 75 Borrower has 40.42 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.75 Borrower has 1.067 verified. |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||||
| 230 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | MA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 262 | XX | XX | C | A | A | A | A | A | C | A | Closed | FPRO0010 | 2026-06-12 17:07 | 2026-06-18 15:15 | Resolved | 1 - Information | C | A | Property | Value | AVM Confidence Score is under 90% | Resolved-The file contains
a CDA with a value of $XX which supports the appraised value. The file also has an AVM with a confidence
score of 78%. Value is supported by
the CDA which is a superior product to the AVM. - Due Diligence
Vendor-06/XX/2026 Ready for Review-We respectfully disagree. There are no stipulations in the guidelines that the AVM and CDA cannot be from the same company. Furthermore, the AVM is computer generated review; whereas, the CDA is reviewed by an appraiser. - Seller-06/XX/2026 Open-The confidence score does not meet guides, and a desk review is required. The AVM confidence score was not within 90%, however the estimated value was higher than the appraised value. Also, a desk review was provided, supporting the value, but the desk review was performed by XX whom also performed the AVM report. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-We
respectfully disagree. There are no stipulations in the guidelines that the
AVM and CDA cannot be from the same company. Furthermore, the AVM is computer
generated review; whereas, the CDA is reviewed by an appraiser. - Seller-06/XX/2026 |
Resolved-The file contains a
CDA with a value of $XX which supports the appraised value. The file also has an AVM with a confidence
score of 78%. Value is supported by
the CDA which is a superior product to the AVM. - Due Diligence
Vendor-06/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
727 LTV is less than guideline maximum - Required is 75 Borrower has 65 DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR of 1.025% is greater than 0.80 min Required is 0.8 Borrower has 1.025 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | MA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | |||
| 306 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | |||||||||||||||||||
| 308 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-15 14:41 | 2026-06-23 09:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received payoff
that does not show any late charges/fees, all payments were on time. - Due
Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. The subject property was purchased in May 2025, with the first mortgage payment due on 08/XX/25. Therefore, the two uploaded XX mortgage statements reflect the available payment history from 08/XX/25 through 05/XX/26 (under the account history). Additionally, the payoff demand has been provided and supports that the loan has been paid as agreed, as it does not reflect any late payments, delinquent amounts, or late charges. Apologies for uploading the incorrect information in the prior response. - Seller-06/XX/2026 Counter-Received documentation regarding primary residence. Missing 12 month VOM for subject. XX was paid in full on final settlement state and opened 5/XX/25 - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. - Seller-06/XX/2026 Ready for Review-Document Uploaded. B1 - xx - The borrower has owned the property free and clear since 03/XX/25 (1 year and 3/mo). Therefore, a mortgage rating is not required. See the attached buyer's final settlement statement and property profile reflecting no lien was taken against the property. (B2) lives rent free (see the LOE signed by spouse and property profile to support not on title) - Seller-06/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Provide 12 month payment history for subject property or VOM. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The subject property was purchased in May 2025, with the first
mortgage payment due on 08/XX/25. Therefore, the two uploaded XX mortgage
statements reflect the available payment history from 08/XX/25 through
05/XX/26 (under the account history). Additionally, the payoff demand has
been provided and supports that the loan has been paid as agreed, as it does
not reflect any late payments, delinquent amounts, or late charges. Apologies
for uploading the incorrect information in the prior response. - Seller-06/XX/2026 Ready for Review-Document Uploaded. - Seller-06/XX/2026 Ready for Review-Document Uploaded. B1 - XX - The borrower has owned the property free and clear since 03/XX/25 (1 year and 3/mo). Therefore, a mortgage rating is not required. See the attached buyer's final settlement statement and property profile reflecting no lien was taken against the property. (B2) lives rent free (see the LOE signed by spouse and property profile to support not on title) - Seller-06/XX/2026 |
Resolved-Received payoff
that does not show any late charges/fees, all payments were on time. - Due
Diligence Vendor-06/23/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Minimum required FICO is 700;
Borrower has 770. Required is 700 Borrower has 770 LTV is less than guideline maximum - Maximum LTV is 80%; Borrower LTV is 73.28% Required is 80 Borrower has 73.28 DSCR =/> 1.00 and minimum is 0.85 or Less - Minimum calculated DSCR allowed is .80%; Borrower calculated DSCR is 1.286%. Required is 0.8 Borrower has 1.286 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 197 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1115 | 2026-06-12 13:27 | 2026-06-18 16:26 | Resolved | 1 - Information | C | A | Credit | Closing | Security Instrument Date is greater than current date | Resolved-Upon further
review, the notary date is the same as the signature date of the borrowers. -
Due Diligence Vendor-06/XX/2026 Ready for Review-Not a valid finding, Lender notes “Notarization date is evidence—not authority—over the effective date.”, Although the Security instrument reflects a print date and borrowers’ signatures attested, witnessed and date stamped by the notary, these are parts of the process of legally binding the mortgage obligation, however it does not take effect until the disbursement of loan funds are issued (after lender review & wires funds to the closing agent), and not until after the recording of same mortgage is completed does the borrower take ownership of the obligation on subject property (transaction is refinance). Please have this expedited to be cleared as soon as possible - Seller-06/XX/2026 Open-Security Instrument Date is greater than the transaction date of 06-08-2026 Notary date is 6/XX/26 prior to note date - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Not a
valid finding, Lender notes “Notarization date is evidence—not authority—over
the effective date.”, Although the Security instrument reflects a print date
and borrowers’ signatures attested, witnessed and date stamped by the notary,
these are parts of the process of legally binding the mortgage obligation,
however it does not take effect until the disbursement of loan funds are
issued (after lender review & wires funds to the closing agent), and not
until after the recording of same mortgage is completed does the borrower
take ownership of the obligation on subject property (transaction is
refinance). Please have this expedited
to be cleared as soon as possible - Seller-06/XX/2026 |
Resolved-Upon further
review, the notary date is the same as the signature date of the borrowers. -
Due Diligence Vendor-06/18/2026 |
Months Reserves exceed
minimum required - 124.37 months of reserves exceeds the 6 months minimum
required. Credit history exceeds minimum required - Credit History = 186 Months Minimum Credit History = 12 Months |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | |||
| 238 | XX | XX | D | A | D | A | A | A | D | A | Closed | FPRO1242 | 2026-06-15 15:44 | 2026-07-24 11:17 | Resolved | 1 - Information | D | A | Property | Missing Doc | Appraisal is Missing | Resolved-Received AVM
supporting value - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-07/XX/2026 Open-Appraisal is Missing Missing the additional Valuation Report since one of the Submission Summary Report (SSR) is greater than 2.5. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached - Seller-07/XX/2026 |
Resolved-Received AVM
supporting value - Due Diligence Vendor-07/24/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 700 Borrower has 801
Required is 700 Borrower has 801 LTV is less than guideline maximum - Max LTV is 80 Borrower has 70 Required is 80 Borrower has 70 DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR =/> 1.00 and minimum is 0.85 or Less. Min DSCR % is 0.8 Borrower has 1.158. Required is 0.8 Borrower has 1.158 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | N/A | N/A | XX | ||
| 238 | XX | XX | D | A | D | A | A | A | D | A | Closed | FCRE0053 | 2026-06-15 15:44 | 2026-07-24 11:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Rider Missing based on Property Type selected | Resolved-Received Condo
Rider - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-07/XX/2026 Open-Rider Missing from DOT screen based on Property Type selected on Property Page. Missing the Condo Rider from the Mortgage. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached - Seller-07/XX/2026 |
Resolved-Received Condo
Rider - Due Diligence Vendor-07/24/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 700 Borrower has 801
Required is 700 Borrower has 801 LTV is less than guideline maximum - Max LTV is 80 Borrower has 70 Required is 80 Borrower has 70 DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR =/> 1.00 and minimum is 0.85 or Less. Min DSCR % is 0.8 Borrower has 1.158. Required is 0.8 Borrower has 1.158 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | N/A | N/A | XX | ||
| 238 | XX | XX | D | A | D | A | A | A | D | A | Closed | FCRE1509 | 2026-06-15 16:12 | 2026-06-18 16:33 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Note Document | Resolved-Received executed
promissory note - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-Missing the complete signed Note. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-Received executed
promissory note - Due Diligence
Vendor-06/18/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 700 Borrower has 801
Required is 700 Borrower has 801 LTV is less than guideline maximum - Max LTV is 80 Borrower has 70 Required is 80 Borrower has 70 DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR =/> 1.00 and minimum is 0.85 or Less. Min DSCR % is 0.8 Borrower has 1.158. Required is 0.8 Borrower has 1.158 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | N/A | N/A | XX | ||
| 216 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE2244 | 2026-06-15 18:32 | 2026-06-26 16:54 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Resolved-After further
review- although the Appraiser notes the few planks that are rotted on the
deck need to be changed with a cost to cure of $200- the appraisal report is
made As Is with no health or safety issues noted. No deferred maintenance was
noted either, just normal wear and tear. Current Appraisal report in file is
sufficient confirmation that there are no health, safety or habitability
issues present. - Due Diligence Vendor-06/XX/2026 Ready for Review-An appraisal completed AS IS is sufficient confirmation that there are no health and safety issues present. - Seller-06/XX/2026 Counter-Received rebuttal. Missing confirmation planks have been replaced. Appraiser provides only photos and cost to cure and does not confirm no health and safety issues present. Photos support health and safety issue. - Due Diligence Vendor-06/XX/2026 Ready for Review-We respectfully disagree. According to the appraiser, see page 1 of the appraisal uploaded with the loan file "No deferred maintenance just normal wear and tear. Few planks rotted on the deck needs to be changed cost to cure $200.". As such, the issue is immaterial and as the cost to cure is minimal further supported by the fact the appraisal was completed AS IS. - Seller-06/XX/2026 Open-Property Issues are identified for the property Missing proof that the rotted plank boards on the deck have been replaced, as this would be considered a health & safety issue. Upon receipt additional conditions maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-An
appraisal completed AS IS is sufficient confirmation that there are no health
and safety issues present. - Seller-06/XX/2026 Ready for Review-We respectfully disagree. According to the appraiser, see page 1 of the appraisal uploaded with the loan file "No deferred maintenance just normal wear and tear. Few planks rotted on the deck needs to be changed cost to cure $200.". As such, the issue is immaterial and as the cost to cure is minimal further supported by the fact the appraisal was completed AS IS. - Seller-06/XX/2026 |
Resolved-After further
review- although the Appraiser notes the few planks that are rotted on the
deck need to be changed with a cost to cure of $200- the appraisal report is
made As Is with no health or safety issues noted. No deferred maintenance was
noted either, just normal wear and tear. Current Appraisal report in file is
sufficient confirmation that there are no health, safety or habitability
issues present. - Due Diligence Vendor-06/26/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 680 Borrower has 749
Required is 680 Borrower has 749 LTV is less than guideline maximum - Max LTV is 80 Borrower has 75 Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 39.3 Required is 50 Borrower has 39.3 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | N/A | N/A | XX | |||
| 233 | XX | XX | B | B | B | A | B | B | A | A | Closed | FCRE1183 | 2026-06-15 19:32 | 2026-06-18 09:36 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Partially Provided | Resolved-After further
review, updated 1008 provided with credit score updated- resolved - Due
Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached updated 1008, 686 FICO may go up to 85%LTV, no changes to lock - Seller-06/XX/2026 Open-Approval/Underwriting Summary Partially Provided Correct 1008 with the New Credit score; the credit report dated 1/XX/2026 is expired. Verify if this changes the current lock. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached updated 1008, 686 FICO may go up to 85%LTV, no
changes to lock - Seller-06/XX/2026 |
Resolved-After further
review, updated 1008 provided with credit score updated- resolved - Due
Diligence Vendor-06/18/2026 |
Qualifying DTI below maximum
allowed - Required is 50.49 Borrower
has 36.08 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 686 LTV is less than guideline maximum - Required is 80 Borrower has 75 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 233 | XX | XX | B | B | B | A | B | B | A | A | Closed | FCOM1266 | 2026-06-15 12:53 | 2026-06-15 12:53 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Homeownership Counseling Disclosure Is Missing | Waived-Homeownership Counseling Disclosure Is Missing -----If Homeownership Counseling Disclosure with 10 agencies is missing but the Acknowledgement Receipt with website is in file - Due Diligence Vendor-06/XX/2026 | Waived-Homeownership
Counseling Disclosure Is Missing -----If Homeownership Counseling Disclosure
with 10 agencies is missing but the Acknowledgement Receipt with website is
in file - Due Diligence Vendor-06/15/2026 |
Qualifying DTI below maximum
allowed - Required is 50.49 Borrower
has 36.08 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 686 LTV is less than guideline maximum - Required is 80 Borrower has 75 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | Originator Post-Close | No | XX | ||||
| 258 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1175 | 2026-06-16 22:34 | 2026-06-25 14:19 | Resolved | 1 - Information | C | A | Credit | Insurance | Named Insured on HO6 Master Policy does not match HOA Name | Resolved-Master insurance
policy was updated. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. see attached which includes XX LLC - Seller-06/XX/2026 Open-Named Insured on HO-6 Master Insurance Policy does not match HOA Name Loan closed under vesting as an LLC. HOI Evidence of Insurance lists insured as XX. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. see attached which includes XX
- Seller-06/XX/2026 |
Resolved-Master insurance
policy was updated. - Due Diligence
Vendor-06/25/2026 |
DSCR % greater than 1.20 -
DSCR is 2.151 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 761 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 258 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1156 | 2026-06-16 22:34 | 2026-06-25 14:16 | Resolved | 1 - Information | C | A | Credit | Insurance | Named Insured on Hazard Insurance does not match Borrower(s) Name(s) | Resolved-Additional
Interest reflected the LLC - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. see attached it includes the borrower's LLC - XX - Seller-06/XX/2026 Open-Named Insured does not match Borrower(s) Name(s) Loan closed under vesting as an LLC. HOI Evidence of Insurance lists insured as XX. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. see attached it includes the borrower's LLC - XX - Seller-06/XX/2026 |
Resolved-Additional Interest
reflected the LLC - Due Diligence Vendor-06/25/2026 |
DSCR % greater than 1.20 -
DSCR is 2.151 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 761 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 424 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2026-06-15 11:28 | 2026-06-22 10:23 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Upon further
review, the Mortgage is assignment of rents and security Agreement. - Due
Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Lender notes the subject loan is a business purpose loan, DSCR commercial loan type and does not require the 1-4 family rider and prepay penalty riders. Please see attached copy of the mortgage with the legal description attached - Seller-06/XX/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing 1-4 Family Rider in file and Prepayment Penalty Rider. Upon receipt additional information may be required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Lender notes the subject loan is a business purpose loan, DSCR
commercial loan type and does not require the 1-4 family rider and prepay
penalty riders. Please see attached copy of the mortgage with the legal
description attached - Seller-06/XX/2026 |
Resolved-Upon further
review, the Mortgage is assignment of rents and security Agreement. - Due
Diligence Vendor-06/22/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 700 Borrower has 745 DSCR =/> 1.00 and minimum is 0.85 or Less - . Required is 0.8 Borrower has 1.24 LTV is less than guideline maximum - Required is 75 Borrower has 66.96 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | ME | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 424 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1181 | 2026-06-16 18:23 | 2026-06-22 10:20 | Resolved | 1 - Information | C | A | Credit | Insurance | Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed | Resolved-Received Notice.
- Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see the attached tracking system showing the Flood certificate was included in the 03.03.2026 delivered docs and signed on 03.04.2026. Furthermore, lender meets the requirement to retain record of receipt or delivery, not a signed acknowledgment, and Timing – “Within a Reasonable Time Before Closing” The notice must be provided: • Within a reasonable time before completion of the transaction, • Early enough to allow the borrower to obtain flood insurance, if required. - Seller-06/XX/2026 Open-Subject Property is in Flood Zone AE but Notice of Special Flood Hazard Disclosure was not provided Missing all pages of the Notice of Special Flood Hazard Disclosure. Upon receipt additional information may be required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see the attached tracking system showing the Flood
certificate was included in the 03.03.2026 delivered docs and signed on
03.04.2026. Furthermore, lender meets the requirement to retain record of
receipt or delivery, not a signed acknowledgment, and Timing – “Within a
Reasonable Time Before Closing” The notice must be provided: • Within a reasonable time before
completion of the transaction, • Early enough to allow the borrower to obtain
flood insurance, if required. - Seller-06/XX/2026 |
Resolved-Received Notice. -
Due Diligence Vendor-06/22/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 700 Borrower has 745 DSCR =/> 1.00 and minimum is 0.85 or Less - . Required is 0.8 Borrower has 1.24 LTV is less than guideline maximum - Required is 75 Borrower has 66.96 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | ME | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 424 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE0140 | 2026-06-17 10:12 | 2026-06-22 10:18 | Resolved | 1 - Information | C | A | Credit | Eligibility | DSCR loan does not meet program guidelines | Resolved-Received revised
1008 without income. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Lender notes the Borrower’s income, if any, is not a qualifying factor and has no qualifying circumstances. Please see attached 1008 with no income - Seller-06/XX/2026 Open-The 1008 reflects income for the borrower. Subject to additional conditions. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Lender notes the Borrower’s income, if any, is not a qualifying
factor and has no qualifying circumstances. Please see attached 1008 with no
income - Seller-06/XX/2026 |
Resolved-Received revised
1008 without income. - Due Diligence Vendor-06/22/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 700 Borrower has 745 DSCR =/> 1.00 and minimum is 0.85 or Less - . Required is 0.8 Borrower has 1.24 LTV is less than guideline maximum - Required is 75 Borrower has 66.96 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | ME | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 186 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE6019 | 2026-06-15 12:12 | 2026-06-18 16:28 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Received
Permanent Resident Card. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-Borrower Citizenship Documentation Is Missing Missing Residence Alien Documentation for co-borrower as he is a-permanent resident. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 |
Resolved-Received Permanent
Resident Card. - Due Diligence Vendor-06/18/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Credit report reflects FICO of
803 which exceeds the minimum of 700 Required is 700 Borrower has 803 LTV is less than guideline maximum - LTV of 75% is below the maximum of 70% allowed per guidelines Required is 75 Borrower has 70 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | AZ | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 205 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2026-06-17 11:26 | 2026-06-26 15:14 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Originator provided
a waiver for exceeding LTV per GL, applied to non material finding with comp
factors - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached exception allowing the loan to close with a 75% CLTV - Seller-06/XX/2026 Open-Audited LTV of 78.75% exceeds Guideline LTV of 75% Appraisal states value of $XX. 1008/CD show value of $525000. LTV is based on value of appraisal provided and does not meet guidelines. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached exception allowing the loan to close with a 75%
CLTV - Seller-06/XX/2026 |
Waived-Originator provided a
waiver for exceeding LTV per GL, applied to non material finding with comp
factors - Due Diligence
Vendor-06/26/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has 757
Required is 700 Borrower has 757 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0.8 Borrower has 1.406 Required is 0.8 Borrower has 1.406 |
* DSCR > 1.2 * FICO is 20 points > than Min Required *3+ months reserves > Min Required |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XX | |
| 221 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1441 | 2026-06-17 15:22 | 2026-06-29 12:33 | Resolved | 1 - Information | C | A | Credit | Eligibility | Delinquent Credit History Does Not Meet Guideline Requirements | Resolved-Delinquent Credit
History Meets Guideline Requirements as the foreclosure proceeding was not
completed. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Reviewed the file and noticed that the UW did verify that the borrower had no late payments in the last 12 months and that the loan was not in foreclosure at the time the loan funded. Please note that the Foreclosure waiting period is based on completed foreclosures; since the foreclosure was not completed on this loan, and the documentation shows the loan was brought current with 12 timely payments made, it is our position that the credit requirement for this loan was met. Please see attached Credit Supplements confirming the 12 month payment history and that the loan was no longer in foreclosure at the time of funding. - Seller-06/XX/2026 Counter-Received updated credit supplement and payment history. Foreclosure proceedings dated 4/2025, loan does not meet 24 month seasoning requirement for Coffee XX matrix 3/XX/2026. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached supporting docs show XX mortgage brought current - Seller-06/XX/2026 Open-Delinquent Credit History Does Not Meet Guideline Requirements Mortgage with XX is reflecting Foreclosure proceedings started. Borrower has made the last 12 months mortgage history with no lates. Provide proof loan is not in Foreclosure. Subject to additional conditions. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Reviewed the file and noticed that the UW did verify that the
borrower had no late payments in the last 12 months and that the loan was not
in foreclosure at the time the loan funded.
Please note that the Foreclosure waiting period is based on completed
foreclosures; since the foreclosure was not completed on this loan, and the
documentation shows the loan was brought current with 12 timely payments
made, it is our position that the credit requirement for this loan was
met. Please see attached Credit Supplements confirming the 12 month payment history and that the loan was no longer in foreclosure at the time of funding. - Seller-06/XX/2026 Ready for Review-Document Uploaded. Please see attached supporting docs show XX mortgage brought current - Seller-06/XX/2026 |
Resolved-Delinquent Credit
History Meets Guideline Requirements as the foreclosure proceeding was not
completed. - Due Diligence Vendor-06/29/2026 |
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 70 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | VA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 221 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE0157 | 2026-06-17 09:16 | 2026-06-25 15:20 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not meet guideline requirements for loans listed for sale | Resolved-Received
evidence- Conditional approval date is 04/XX/2026. XX reflects property
listing removed 05/XX/2026. Appraisal effective 5/XX/2026 report signed
05/XX/2026. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached property is still off market status. Please have this expedited to be cleared as soon as possible - Seller-06/XX/2026 Counter-Received loe and screen shot. Missing proof property was removed from MLS listing prior to approval meeting guidelines 5.3 - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - no Listing status - Seller-06/XX/2026 Open-Loan does not meet guideline requirements for loans listed for sale. Provide proof that the subject was removed from listing. Appraisal reflects subject is currently listed for sale. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached property is still off market status. Please
have this expedited to be cleared as soon as possible - Seller-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - no Listing status - Seller-06/XX/2026 |
Resolved-Received evidence-
Conditional approval date is 04/29/2026. XX reflects property listing removed
05/22/2026. Appraisal effective 5/18/2026 report signed 05/22/2026. - Due
Diligence Vendor-06/25/2026 |
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 70 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | VA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 273 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | |||||||||||||||||||
| 278 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 284 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NC | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 307 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-16 14:18 | 2026-06-26 10:31 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Mortgage
statement provided, which corresponds to the statement history. - Due
Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached mortgage statement which includes the property address. - Seller-06/XX/2026 Counter-Received statement of account from XX. Statement does not reflect property address and balance does not mirror title lien. Please provide corresponding statement reflecting property address or VOM. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Provide missing 6 month satisfactory mortgage history for subject property. Subject was purchased 4/2025. Mortgage history provided was from 12/XX/25 - 5/XX/26. Subject to additional conditions. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached mortgage statement which includes the property
address. - Seller-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 |
Resolved-Mortgage statement
provided, which corresponds to the statement history. - Due Diligence
Vendor-06/26/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
770 Months Reserves exceed minimum required - Min 0, actual 1.18 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 302 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | OH | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 314 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE5674 | 2026-06-16 16:10 | 2026-06-25 16:30 | Resolved | 1 - Information | C | A | Credit | Title | Fraud: Potential Ownership Issues identified in file | Resolved-per Fannie Mae a
child can purchase a home for elderly parents or disabled adult children with
owner-occupied benefits, even if you don't live in the property. The borrower
is purchasing the property for their parents. - Due Diligence Vendor-06/XX/2026
Ready for Review-per Fannie Mae a child can purchase a home for elderly parents or disabled adult children with owner-occupied benefits, even if you don't live in the property. The borrower is purchasing the property for their parents. - Due Diligence Vendor-06/XX/2026 Ready for Review-Lender notes the Borrower is purchasing the Subject property as an arm’s length transaction not from Parents (just to be clear), See trust cert reflecting authorized signor, has no relation between buyer and seller. Borrower is purchasing the home for Parents as a Primary.. FNMA guide states: The Borrower’s is purchasing the home for parents, the borrower can be considered the owner-occupant even if they do not live in the property. Please have this expedited to be cleared as soon as possible - Seller-06/XX/2026 Open-UW notes on the 1008 state “Son (borrower) is purchasing home for parents”. The borrower stated the subject property would be his primary, however he currently owns a primary with his spouse. There is nothing in the file to support that he will be living in the subject property, nor what the intent is for the current primary. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Lender
notes the Borrower is purchasing the Subject property as an arm’s length
transaction not from Parents (just to be clear), See trust cert reflecting
authorized signor, has no relation between buyer and seller. Borrower is purchasing the home for Parents
as a Primary.. FNMA guide states: The
Borrower’s is purchasing the home for parents, the borrower can be considered
the owner-occupant even if they do not live in the property. Please have this
expedited to be cleared as soon as possible - Seller-06/XX/2026 |
Resolved-per Fannie Mae a
child can purchase a home for elderly parents or disabled adult children with
owner-occupied benefits, even if you don't live in the property. The borrower
is purchasing the property for their parents. - Due Diligence Vendor-06/22/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
759 Credit history exceeds minimum required - Credit history exceeds minimum required by 0x30>than 99 months. |
XX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 314 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1506 | 2026-06-16 15:59 | 2026-06-22 14:54 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Per the
guidelines, Debts paid by another party for the prior six (6) months may be
excluded with documentation of consistent third party payments. Received documentation that a third party
is paying the mortgage on property 3A and was excluded from the DTI resulting
in the DTI being within guidelines. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Lender notes the XX is paid by another party (spouse) and documented with the attached supporting payment which meets the NON QM guideline section 7.1 - Debts paid by another party for the prior six (6) months may be excluded with documentation of consistent third-party payments (canceled checks or bank statements). ***Our borrower is not on the XX account xxxXX that pays the mortgage. See attached - Seller-06/XX/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. DTI discrepancy - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Lender notes the XX is paid by another party (spouse) and
documented with the attached supporting payment which meets the NON QM
guideline section 7.1 - Debts paid by
another party for the prior six (6) months may be excluded with documentation
of consistent third-party payments (canceled checks or bank statements).
***Our borrower is not on the XX account xxxXX that pays the mortgage. See
attached - Seller-06/XX/2026 |
Resolved-Per the guidelines,
Debts paid by another party for the prior six (6) months may be excluded with
documentation of consistent third party payments. Received documentation that a third party
is paying the mortgage on property 3A and was excluded from the DTI resulting
in the DTI being within guidelines. - Due Diligence Vendor-06/22/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
759 Credit history exceeds minimum required - Credit history exceeds minimum required by 0x30>than 99 months. |
XX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 314 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1193 | 2026-06-16 16:04 | 2026-06-22 14:54 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Per the
guidelines, Debts paid by another party for the prior six (6) months may be
excluded with documentation of consistent third party payments. Received documentation that a third party
is paying the mortgage on property 3A and was excluded from the DTI resulting
in the DTI being within guidelines. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Lender notes the XX is paid by another party (spouse) and documented with the attached supporting payment which meets the NON QM guideline section 7.1 - Debts paid by another party for the prior six (6) months may be excluded with documentation of consistent third-party payments (canceled checks or bank statements). ***Our borrower is not on the XX account xxxXX that pays the mortgage. See attached - Seller-06/XX/2026 Open-Audited DTI of 68.58% exceeds Guideline DTI of 50% UW notes on the 1008 state "excluding XX-paid out of wife's joint account". Mortgage Statement in file supports the borrower is on the mortgage and is responsible for payment of the mortgage. There is no documentation that was provided to support the exclusion of the debt. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Lender notes the XX is paid by another party (spouse) and
documented with the attached supporting payment which meets the NON QM
guideline section 7.1 - Debts paid by
another party for the prior six (6) months may be excluded with documentation
of consistent third-party payments (canceled checks or bank statements).
***Our borrower is not on the XX account xxxXX that pays the mortgage. See
attached - Seller-06/XX/2026 |
Resolved-Per the guidelines,
Debts paid by another party for the prior six (6) months may be excluded with
documentation of consistent third party payments. Received documentation that a third party
is paying the mortgage on property 3A and was excluded from the DTI resulting
in the DTI being within guidelines. - Due Diligence Vendor-06/22/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
759 Credit history exceeds minimum required - Credit history exceeds minimum required by 0x30>than 99 months. |
XX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 314 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3352 | 2026-06-15 10:36 | 2026-06-17 10:27 | 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/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-06/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
759 Credit history exceeds minimum required - Credit history exceeds minimum required by 0x30>than 99 months. |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||||
| 166 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 237 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-06-17 12:16 | 2026-06-22 13:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received
rebuttal, Upon further review CBR 0x30 54mo, mort statement reflects ND due
5/2026, 1003initial date 04/XX/2026:
mortgage rating within guidelines. - Due Diligence Vendor-06/XX/2026 Ready for Review-Lender notes the loan documented "as is" meets the 4.0 NON QM guideline section 4.6 Housing History - A Verification of Mortgage (VOM) and/or Verification of Rent (VOR) is required to support housing payment history and will be reviewed for delinquencies over the most recent 12 months. • For all properties, the mortgage must be rated within 45 days of the application date. No further documentation is required. Please have this expedited to be cleared as soon as possible - Seller-06/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Provide updated mortgage statement or credit supplement to verify May payment on 1st lien primary home has been paid as agreed. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Lender
notes the loan documented "as is" meets the 4.0 NON QM guideline
section 4.6 Housing History - A Verification of Mortgage (VOM) and/or
Verification of Rent (VOR) is required to support housing payment history and
will be reviewed for delinquencies over the most recent 12 months. • For all properties, the mortgage must be
rated within 45 days of the application date. No further documentation is
required. Please have this expedited to be cleared as soon as possible -
Seller-06/XX/2026 |
Resolved-Received rebuttal,
Upon further review CBR 0x30 54mo, mort statement reflects ND due
5/2026, 1003initial date 04/30/2026:
mortgage rating within guidelines. - Due Diligence Vendor-06/22/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 33.29 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 763 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | |||
| 237 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE7806 | 2026-06-17 11:05 | 2026-06-22 13:27 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Bank Statement Summary/Lender Worksheet is Missing | Resolved-Received income
cals for b1 and b2. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached Both Income calc worksheets - Seller-06/XX/2026 Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing Missing income calculation worksheet from lender - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached Both
Income calc worksheets - Seller-06/XX/2026 |
Resolved-Received income
cals for b1 and b2. - Due Diligence Vendor-06/22/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 33.29 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 763 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 237 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE7807 | 2026-06-17 11:05 | 2026-06-22 13:27 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Bank Statement Summary/Lender Worksheet is Missing | Resolved-Received income
cals for b1 and b2. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached Both Income calc worksheets - Seller-06/XX/2026 Open-The Borrower 2 Bank Statement Summary/Lender Worksheet is Missing Missing income calculation worksheet from lender - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached Both Income calc worksheets -
Seller-06/XX/2026 |
Resolved-Received income
cals for b1 and b2. - Due Diligence Vendor-06/22/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 33.29 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 763 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 237 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE8013 | 2026-06-17 09:35 | 2026-06-22 12:57 | Resolved | 1 - Information | C | A | Credit | Eligibility | purchase Contract Issue | Resolved-Received Addendum
#XX seller to credit. #XXe reduction to $XX & Seller paying commissions -
Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-Loan Purpose is purchase but purchase Contract is only Partially Provided. Need fully executed addendum to sales contract showing sales price at $XX and Seller Concessions at $20,000 per final CD. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-Received Addendum
#XX seller to credit. #XXe reduction to $XX & Seller paying commissions -
Due Diligence Vendor-06/22/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 33.29 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 763 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 187 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | WA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 214 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | |||||||||||||||||||
| 246 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | SC | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 256 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | AZ | Investment | purchase | NA | |||||||||||||||||||
| 315 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | |||||||||||||||||||
| 286 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | PA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 289 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | OK | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 212 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-16 20:35 | 2026-06-25 15:42 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOM from
Mortgagee and documentation payments 05/2026 - 05/2025 made, also
included mortgagor Entity - Due
Diligence Vendor-06/XX/2026 Ready for Review-Please escalate for manager to review - Seller-06/XX/2026 Counter-Received operating agreement, mortgage statement reflecting other obligated and payment history that does not match payment received. Provide either 12 month housing history for subject or confirmation borrower nor LLC obligated to Note. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Lender notes Prelim verified XX LLC is the mortgagor and mortgagee with XX Mortgage the Housing history shows paid timely meets DSCR guidelines. See attached XX, No further documentation is required. Please have this expedited to be cleared as soon as possible - Seller-06/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Housing History is in the name of another person. Provide a satisfactory mortgage history for the subject property. Subject to additional conditions. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Please
escalate for manager to review - Seller-06/XX/2026 Ready for Review-Document Uploaded. Lender notes Prelim verified XX is the mortgagor and mortgagee with XX, LLC Mortgage the Housing history shows paid timely meets DSCR guidelines. See attached XX, No further documentation is required. Please have this expedited to be cleared as soon as possible - Seller-06/XX/2026 |
Resolved-Received VOM from
Mortgagee and documentation payments 05/2026 - 05/2025 made, also
included mortgagor Entity - Due
Diligence Vendor-06/25/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 700 Borrower has 788 LTV is less than guideline maximum - Required is 80 Borrower has 70 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 212 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1206 | 2026-06-16 20:39 | 2026-06-22 13:52 | 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-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Provide checks for the Underwriter(s) on the Exclusionary List. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached - Seller-06/XX/2026 |
Resolved-Received updated
fraud report reflecting all interested parties. - Due Diligence
Vendor-06/22/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 700 Borrower has 788 LTV is less than guideline maximum - Required is 80 Borrower has 70 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 212 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1205 | 2026-06-16 20:39 | 2026-06-22 13:52 | 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/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-OFAC Check Not Completed and/or Cleared Provide OFAC check on the Underwriter(s). - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-Received updated
fraud report reflecting all interested parties. - Due Diligence
Vendor-06/22/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 700 Borrower has 788 LTV is less than guideline maximum - Required is 80 Borrower has 70 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 227 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-06-17 12:25 | 2026-06-22 14:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received
acceptable primary housing history validation. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached No lates Primary mortgage paid - Seller-06/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Missing - 12 month pay history on primary housing payment. Subject to additional conditions. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached No lates
Primary mortgage paid - Seller-06/XX/2026 |
Resolved-Received acceptable
primary housing history validation. - Due Diligence Vendor-06/22/2026 |
LTV is less than guideline
maximum - Required is 75 Borrower has
67.8 Months Reserves exceed minimum required - Min 3, actual 16.31 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 192 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3352 | 2026-06-16 11:36 | 2026-06-17 17:51 | 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/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-06/17/2026 |
LTV is less than guideline
maximum - . Required is 70 Borrower has 53.67 Qualifying DTI below maximum allowed - . Required is 50 Borrower has 8.37 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | NC | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||||
| 198 | XX | XX | C | B | C | A | C | B | B | B | Closed | FCRE7748 | 2026-06-29 13:56 | 2026-08-26 10:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Valuation Product Does Not Meet Guidelines | Resolved-Lender provided
PC 1003 and 1008 reflecting appraised value of $XX and qualifying LTV of
73.71% - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Please see corrected 1003 and 1008 with correct appraised value. We note that the LTV went down which strengthened the loan. - Seller-08/XX/2026 Open-1008 reflects LTV 74% and qualifying value of $XX. Does not match appraised value $XX. Provide documentation to support LTV 74% and value $XX or require an updated 1008 with qualifying LTV and value. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see corrected 1003 and 1008 with correct appraised
value. We note that the LTV went down
which strengthened the loan. -
Seller-08/XX/2026 |
Resolved-Lender provided PC
1003 and 1008 reflecting appraised value of $XX and qualifying LTV of 73.71%
- Due Diligence Vendor-08/26/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has 73.71 Required is 80 Borrower has
73.71 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 770 Required is 700 Borrower has 770 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 198 | XX | XX | C | B | C | A | C | B | B | B | Closed | FPRO9876 | 2026-06-17 12:20 | 2026-06-29 14:27 | Waived | 2 - Non-Material | B | B | Property | Value | Review Product 1 > 10% OR Review Product 2 > 10% XX 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/XX/2026 Open-XX value equals B, secondary product within tolerance. This finding will be rated a B for XX. All other agencies will be rated as A. - Due Diligence Vendor-06/XX/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-06/29/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has 73.71 Required is 80 Borrower has
73.71 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 770 Required is 700 Borrower has 770 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | XX | ||||
| 198 | XX | XX | C | B | C | A | C | B | B | B | Closed | finding-3634 | 2026-06-16 12:36 | 2026-06-23 09:59 | Cured | 2 - Non-Material | C | B | Compliance | TRID | Charges That Cannot Increase Test | Cured-Received PCCD
06/XX/2026 with copy of letter, check and shipping Label. Finding is
Cured. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. - Seller-06/XX/2026 Counter-Received explanation of Broker Charge with product change COC. Corrected Finding is as follows:-- Zero (0%) tolerance fees increased by $1,295.00 Mortgage Broker Fee and $123.00 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 $1,295.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Final CD included a Lender credit of $123.00 for increase in closing cost above legal limit. Remediation options (1) within 60 days of consummation expires 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-06/XX/2026 Ready for Review-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 $1,418.00.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). - Due Diligence Vendor-06/XX/2026 Ready for Review-The credit report fee was cured- attached Loan flipped to borrower paid comp- lock attached The $1295 was added and should not have been. Please update condition once everything else is cleared. - Seller-06/XX/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 $19,918.00.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 $19,795.00 Mortgage Broker Fee and $123.00 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 $19,918.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Final CD included a Lender credit of $123.00 for increase in closing cost above legal limit. Remediation options (1) within 60 days of consummation expires 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. - Seller-06/XX/2026 Ready for Review-The credit report fee was cured- attached Loan flipped to borrower paid comp- lock attached The $1295 was added and should not have been. Please update condition once everything else is cleared. - Seller-06/XX/2026 |
Cured-Received PCCD
06/22/2026 with copy of letter, check and shipping Label. Finding is
Cured. - Due Diligence
Vendor-06/23/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has 73.71 Required is 80 Borrower has
73.71 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 770 Required is 700 Borrower has 770 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 203 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | MA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 267 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | LA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 259 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE6019 | 2026-06-17 14:59 | 2026-06-22 17:27 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Citizenship Documentation Not Provided | Waived-Originator provided
a waiver to allow no Visa (valid passport in file), waiver applied to
non-material finding with comp factors. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-Borrower Citizenship Documentation Is Missing . Missing a valid Visa for the borrower. (required for Foreign Nationals). - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-06/XX/2026 |
Waived-Originator provided a
waiver to allow no Visa (valid passport in file), waiver applied to
non-material finding with comp factors. - Due Diligence Vendor-06/22/2026 |
DSCR % greater than 1.20 -
Required is 0 Borrower has 1.301 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0 Borrower has 1.301 Required is 0 Borrower has 1.301 |
dscr greater than 1.2 -reserves 3 months above minimum |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | Originator Post-Close | Yes | XX | |
| 259 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE0045 | 2026-06-17 11:56 | 2026-06-22 12:33 | Resolved | 1 - Information | C | A | Credit | Eligibility | Foreign National/Non Perm resident alien but ACH form is not in file | Resolved-Received ACH. -
Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-06/XX/2026 Open-Foreign National but the ACH form is Missing from file. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. - Seller-06/XX/2026 |
Resolved-Received ACH. - Due
Diligence Vendor-06/22/2026 |
DSCR % greater than 1.20 -
Required is 0 Borrower has 1.301 DSCR =/> 1.00 and minimum is 0.85 or Less - Required is 0 Borrower has 1.301 Required is 0 Borrower has 1.301 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 183 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | |||||||||||||||||||
| 224 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 323 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE0140 | 2026-06-17 21:07 | 2026-06-22 12:19 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | DSCR loan does not meet program guidelines | Waived-Originator waiver
applied to non-material finding with compensating factors- to allow for first
time investor living rent free. - Due Diligence Vendor-06/XX/2026 Ready for Review-not a finding, Please clear - Seller-06/XX/2026 Open-Exception in file to allow first time investor who lives rent free. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-not a
finding, Please clear -
Seller-06/XX/2026 |
Waived-Originator waiver
applied to non-material finding with compensating factors- to allow for first
time investor living rent free. - Due Diligence Vendor-06/22/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Credit report reflects FICO of
727 which exceeds the minimum of 640 Required is 640 Borrower has 727 LTV is less than guideline maximum - LTV of 70% is below the maximum of 75% allowed per guidelines Required is 75 Borrower has 70 |
LTV 70% No credit lates 0x30x24 FICO 727 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | Originator Post-Close | Yes | XX | ||
| 323 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE1145 | 2026-06-17 20:20 | 2026-06-22 11:48 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document Missing | Resolved-Title Document is
fully Present - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-Title Document is missing Missing title commitment for subject property. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-Title Document is
fully Present - Due Diligence Vendor-06/22/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Credit report reflects FICO of
727 which exceeds the minimum of 640 Required is 640 Borrower has 727 LTV is less than guideline maximum - LTV of 70% is below the maximum of 75% allowed per guidelines Required is 75 Borrower has 70 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | N/A | N/A | XX | ||
| 295 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | WA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 207 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3352 | 2026-06-18 15:14 | 2026-08-05 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-06/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-06/22/2026 |
LTV is less than guideline
maximum - LTV of 58.41% is below the maximum of 65% allowed per guidelines
Required is 65 Borrower has 58.41 Qualifying DTI below maximum allowed - DTI of 17.51% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 17.51 |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||||
| 207 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE1325 | 2026-06-22 08:12 | 2026-08-04 11:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Updated income
calc and approval provided. Utilizing
70% of income, - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Please see updated approval and income calculations. - Seller-08/XX/2026 Counter-Received revised 1008 ( with note b1 income based on 70% ownership) and corresponding 1003 DTI variance from 14.174 & 17.622 to 20.789 & 25.847, however condition remains as lender approval and lender income calculator ( 12mo bz bank statements) were not provided. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached Borrower qualifies at 70% income. Please see attached - Seller-07/XX/2026 Counter-Received SOS confirming bz active, and b1 is individual agent, however unable to verify 100% ownership as ownership table from 04/XX/2014 Articles of Incorporation - Exhibit a Members and ownership 80% and 20% are crossed out and replaced by 100% and 0% for borrower and other partner, however 04/XX/2020 Stock Redemption Agreement reflects the other partner owning 30% outstanding stock. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Borrower XX 100 percent owner per Articles of incorporation and Operating Agreement - Seller-07/XX/2026 Counter-Received SOS confirming business active. Received stock redemption. Missing stock certificate confirming borrowers ownership is 100% - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached documentation shows XX is active and owned by Borrower - Seller-06/XX/2026 Open-Borrower 1 CPA Letter Missing Missing CPA letter confirming ownership of business. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see updated approval and income calculations. -
Seller-08/XX/2026 Ready for Review-Document Uploaded. Please see attached Borrower qualifies at 70% income. Please see attached - Seller-07/XX/2026 Ready for Review-Document Uploaded. Borrower XX 100 percent owner per Articles of incorporation and Operating Agreement - Seller-07/XX/2026 Ready for Review-Document Uploaded. Please see attached documentation shows XX is active and owned by Borrower - Seller-06/XX/2026 |
Resolved-Updated income calc
and approval provided. Utilizing 70%
of income, - Due Diligence Vendor-08/04/2026 |
LTV is less than guideline
maximum - LTV of 58.41% is below the maximum of 65% allowed per guidelines
Required is 65 Borrower has 58.41 Qualifying DTI below maximum allowed - DTI of 17.51% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 17.51 |
XX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 207 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-47 | 2026-06-18 15:14 | 2026-06-23 10:26 | Resolved | 1 - Information | C | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Received PCCD
06/XX/2026. Finding Resolved. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. ------ Provide PCCD with disbursement date after the ROR expiration date. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached - Seller-06/XX/2026 |
Resolved-Received PCCD
06/17/2026. Finding Resolved. - Due Diligence Vendor-06/23/2026 |
LTV is less than guideline
maximum - LTV of 58.41% is below the maximum of 65% allowed per guidelines
Required is 65 Borrower has 58.41 Qualifying DTI below maximum allowed - DTI of 17.51% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 17.51 |
XX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 240 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1158 | 2026-06-18 07:04 | 2026-07-02 12:05 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Binder provided
with policy terms. - Due Diligence Vendor-07/XX/2026 Ready for Review-Not a valid finding, Please clear - Lender notes an insurance binder is acceptable as it is legally binding. - Seller-06/XX/2026 Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Missing policy number. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Not a
valid finding, Please clear - Lender notes an insurance binder is acceptable
as it is legally binding. -
Seller-06/XX/2026 |
Resolved-Binder provided
with policy terms. - Due Diligence Vendor-07/02/2026 |
Long term residence -
Borrower is 0X30 since 1/15/2019 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 745 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | IN | Investment | purchase | NA | N/A | N/A | XX | |||
| 240 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1195 | 2026-06-18 08:00 | 2026-06-24 12:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited CLTV Exceeds Guideline CLTV | Resolved-Client provided
LLC documents and property reports reflecting property ownership. - Due
Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Borrower is 100% owner of XX LLC and property information of two REOs, XX, were provided showing ownership under the LLC's name. see attached docs supporting ownership history of these two properties meeting more than 1 year requirement. - Seller-06/XX/2026 Open-Audited CLTV of 85% exceeds Guideline CLTV of 75% Max LTV for FTHB is 75% - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Borrower is 100% owner of XX LLC and property information of
two REOs, XX, were provided showing ownership under the LLC's name. see
attached docs supporting ownership history of these two properties meeting
more than 1 year requirement. - Seller-06/XX/2026 |
Resolved-Client provided LLC
documents and property reports reflecting property ownership. - Due Diligence
Vendor-06/24/2026 |
Long term residence -
Borrower is 0X30 since 1/15/2019 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 745 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | IN | Investment | purchase | NA | N/A | N/A | XX | ||
| 240 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1194 | 2026-06-18 08:00 | 2026-06-24 12:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Client provided
LLC documents and property reports reflecting property ownership. - Due
Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Borrower is 100% owner of XX LLC and property information of two REOs, XX were provided showing ownership under the LLC's name. see attached docs supporting ownership history of these two properties meeting more than 1 year requirement. - Seller-06/XX/2026 Open-Audited LTV of 85% exceeds Guideline LTV of 75% Max LTV for FTHB is 75% - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Borrower is 100% owner of XX LLC and property information of
two REOs, XXe, were provided showing ownership under the LLC's name. see
attached docs supporting ownership history of these two properties meeting
more than 1 year requirement. - Seller-06/XX/2026 |
Resolved-Client provided LLC
documents and property reports reflecting property ownership. - Due Diligence
Vendor-06/24/2026 |
Long term residence -
Borrower is 0X30 since 1/15/2019 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 745 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | IN | Investment | purchase | NA | N/A | N/A | XX | ||
| 240 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1198 | 2026-06-18 08:00 | 2026-06-24 12:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Updated #XX
account transaction history was provided with more funds. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached shows #XX acct XX with updated balance of $ 46,021 used to qualify - Seller-06/XX/2026 Ready for Review-Not a valid finding, Please clear - Lender notes an insurance binder is acceptable as it is legally binding. - Seller-06/XX/2026 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) Unable to document sufficient funds - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached shows #XX acct XX with updated balance of $
46,021 used to qualify - Seller-06/XX/2026 Ready for Review-Not a valid finding, Please clear - Lender notes an insurance binder is acceptable as it is legally binding. - Seller-06/XX/2026 |
Resolved-Updated #XX account
transaction history was provided with more funds. - Due Diligence
Vendor-06/24/2026 |
Long term residence -
Borrower is 0X30 since 1/15/2019 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 745 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | IN | Investment | purchase | NA | N/A | N/A | XX | ||
| 240 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE9501 | 2026-06-18 07:28 | 2026-06-23 13:55 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received XX
XX $46,021.16 avail balance as of 05/XX/2026 - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached shows XX acct XX with updated balance of $ 46,021 used to qualify - Seller-06/XX/2026 Open-Total Qualified Assets Post-Close amount is '$-7044.47'. Assets are Insufficient. Unable to document sufficient funds. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached shows #XX acct XX with updated balance of $
46,021 used to qualify - Seller-06/XX/2026 |
Resolved-Received XX XX $46,021.16 avail balance as of 05/12/2026 - Due Diligence
Vendor-06/23/2026 |
Long term residence -
Borrower is 0X30 since 1/15/2019 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 745 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | IN | Investment | purchase | NA | N/A | N/A | XX | ||
| 240 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1205 | 2026-06-18 07:17 | 2026-06-23 13:38 | 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/XX/2026 Ready for Review-Please see attached - Seller-06/XX/2026 Open-OFAC Check Not Completed and/or Cleared Missing search for borrowers business. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Please
see attached - Seller-06/XX/2026 |
Resolved-Received updated
fraud report reflecting all interested parties. - Due Diligence
Vendor-06/23/2026 |
Long term residence -
Borrower is 0X30 since 1/15/2019 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 745 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | IN | Investment | purchase | NA | N/A | N/A | XX | ||
| 222 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | |||||||||||||||||||
| 204 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | PA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 298 | XX | XX | D | A | C | A | A | A | D | A | Closed | FPRO9999 | 2026-06-18 16:03 | 2026-07-09 15:19 | Resolved | 1 - Information | C | A | Credit | Eligibility | Condo project has pending litigation | Resolved-Per the
questionnaire, a unit owner filed am insurance claim which was approved but
they sued the HO for more money.
letter from attorney states the HOA insurance company is defending the
HOA. Litigation does not involve
structural, health and safety, or marketability of the project and does not
affect the subject unit. - Due Diligence Vendor-06/XX/2026 Ready for Review-Subject is Condo with limited review, warrantable: The litigation is non-structural, non-safety related, and does not involve the subject unit. As such, it is consistent with standard project review guidelines for acceptable HOA litigation. This type of litigation is generally considered acceptable and does not adversely affect marketability or value of individual units. Litigation that is minor in nature or relates to insurance disputes, contractual matters, or non-structural issues affecting the HOA is generally considered acceptable. This litigation meets FNMA criteria for acceptable project-level litigation because it: Does not involve structural, safety, or habitability concerns. Does not involve the subject unit. Is limited to a monetary dispute following an insurance claim. Does not pose a material risk to the financial stability of the HOA or marketability of the project. Accordingly, the litigation is acceptable to FNMA, and no additional documentation is required. - Seller-06/XX/2026 Open-The condo project has pending litigation. The case involves an allegation that the plaintiff filed an insurance claim. (see pg. 127, 373). The claim was approved but the lawsuit is against the HOA for more money. See the letter from attorney (pg 373). It states that there is a copy of the operative compliant attached, however there was not anything attached. Please provide this information and confirm that this ligation has been approved by the Lender. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Subject
is Condo with limited review, warrantable: The litigation is non-structural,
non-safety related, and does not involve the subject unit. As such, it is
consistent with standard project review guidelines for acceptable HOA
litigation. This type of litigation is generally considered acceptable and
does not adversely affect marketability or value of individual units.
Litigation that is minor in nature or relates to insurance disputes,
contractual matters, or non-structural issues affecting the HOA is generally
considered acceptable. This litigation meets FNMA criteria for acceptable
project-level litigation because it: Does not involve structural, safety, or
habitability concerns. Does not involve the subject unit. Is limited to a monetary
dispute following an insurance claim. Does not pose a material risk to the
financial stability of the HOA or marketability of the project. Accordingly,
the litigation is acceptable to FNMA, and no additional documentation is
required. - Seller-06/XX/2026 |
Resolved-Per the
questionnaire, a unit owner filed am insurance claim which was approved but
they sued the HO for more money.
letter from attorney states the HOA insurance company is defending the
HOA. Litigation does not involve
structural, health and safety, or marketability of the project and does not
affect the subject unit. - Due Diligence Vendor-06/24/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 700 Borrower has 768 LTV is less than guideline maximum - Required is 80 Borrower has 65 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | N/A | N/A | XX | |||
| 298 | XX | XX | D | A | C | A | A | A | D | A | Closed | FPRO1242 | 2026-06-18 16:03 | 2026-07-09 09:05 | Resolved | 1 - Information | D | A | Property | Missing Doc | Appraisal is Missing | Resolved-Received CDA
which supports the appraised value with 0% variance. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached CDA supporting Value - Seller-07/XX/2026 Open-Appraisal is Missing Missing the additional valuation since one of the SSR scores is greater than 2.5. If the score exceeds 2.5 or is indeterminate: an AVM, enhanced desk review (CDA from XX or ARA from XX), field review, or second appraisal — in that order.Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached CDA supporting Value - Seller-07/XX/2026 |
Resolved-Received CDA which
supports the appraised value with 0% variance. - Due Diligence
Vendor-07/06/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 700 Borrower has 768 LTV is less than guideline maximum - Required is 80 Borrower has 65 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | N/A | N/A | XX | ||
| 298 | XX | XX | D | A | C | A | A | A | D | A | Closed | FCRE1206 | 2026-06-18 16:16 | 2026-06-24 10:31 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-All Interested
Parties Checked against Exclusionary Lists with updated report. - Due
Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Missing the Seller reflected on the Fraud Report for GSA-EPLS, HUD-LDP and Watchlist. Upon receipt additional information may be required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-All Interested
Parties Checked against Exclusionary Lists with updated report. - Due
Diligence Vendor-06/24/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 700 Borrower has 768 LTV is less than guideline maximum - Required is 80 Borrower has 65 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | N/A | N/A | XX | ||
| 298 | XX | XX | D | A | C | A | A | A | D | A | Closed | FCRE1205 | 2026-06-18 16:16 | 2026-06-24 10:31 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-OFAC Check
Completed and Cleared with updated report. - Due Diligence Vendor-06/XX/2026
Ready for Review-Document Uploaded. Please see attached - Seller-06/XX/2026 Open-OFAC Check Not Completed and/or Cleared Missing the Seller reflected on the Fraud Report for OFAC. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-06/XX/2026 |
Resolved-OFAC Check
Completed and Cleared with updated report. - Due Diligence
Vendor-06/24/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 700 Borrower has 768 LTV is less than guideline maximum - Required is 80 Borrower has 65 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | N/A | N/A | XX | ||
| 245 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 195 | XX | XX | D | A | C | A | D | A | A | A | Closed | FCOM9175 | 2026-06-29 09:51 | 2026-07-29 13:07 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: Closing Disclosure not received by the borrower 3 days prior to consummation | Resolved-Received CD
05/XX/2026. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. see the attached document - Seller-07/XX/2026 Open-****NEW**** missing initial CD dated at least 3 days prior to closing. File has COC's for a CD issued 05/XX/2026, missing CD for that date. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. see the attached document -
Seller-07/XX/2026 |
Resolved-Received CD
05/27/2026. Finding Resolved. - Due Diligence Vendor-07/29/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has
42.88 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 706 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 195 | XX | XX | D | A | C | A | D | A | A | A | Closed | FCOM1274 | 2026-06-22 08:58 | 2026-06-29 09:46 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Escrow Waiver is Missing | Resolved-Received Escrow
Waiver. Finding Resolved - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. see the attached document - Seller-06/XX/2026 Open-Escrow Waiver is Missing Missing Escrow Waiver. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. see the attached document -
Seller-06/XX/2026 |
Resolved-Received Escrow
Waiver. Finding Resolved - Due Diligence Vendor-06/29/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has
42.88 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 706 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 195 | XX | XX | D | A | C | A | D | A | A | A | Closed | FCOM1262 | 2026-06-22 08:58 | 2026-06-29 09:46 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Right of Rescission is Missing | Resolved-Received Right of
Rescission. Finding Resolved. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. see the attached document - Seller-06/XX/2026 Open-Right of Rescission is Missing Provide the executed Right of Recission. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. see the attached document -
Seller-06/XX/2026 |
Resolved-Received Right of
Rescission. Finding Resolved. - Due Diligence Vendor-06/29/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has
42.88 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 706 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 195 | XX | XX | D | A | C | A | D | A | A | A | Closed | FCRE1148 | 2026-06-22 16:27 | 2026-06-26 12:48 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-The subject lien
was covered by title. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. The loan file includes a Replacement Cost Estimate (RCE) indicating a replacement value of $XX, which adequately supports the $XX insurance coverage obtained for the property. - Seller-06/XX/2026 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Missing proof of sufficient Title Coverage in amount of coverage that covers the Total Amount of Subject Liens. Upon receipt additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The loan file includes a Replacement Cost Estimate (RCE) indicating
a replacement value of $XX, which adequately supports the $XX insurance
coverage obtained for the property. - Seller-06/XX/2026 |
Resolved-The subject lien
was covered by title. - Due Diligence Vendor-06/26/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has
42.88 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 706 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 195 | XX | XX | D | A | C | A | D | A | A | A | Closed | FCRE1506 | 2026-06-22 16:56 | 2026-06-26 12:21 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Finding was
resolved. - Due Diligence Vendor-06/XX/2026 Ready for Review-The subject transaction is a non-qm that used price based general qm. The ATR screen reflects all green flags meet. - Seller-06/XX/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Upon receipt of the conditions ATR/QM should be able to be determined. Additional information maybe required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-The
subject transaction is a non-qm that used price based general qm. The ATR
screen reflects all green flags meet.
- Seller-06/XX/2026 |
Resolved-Finding was
resolved. - Due Diligence Vendor-06/26/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has
42.88 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 706 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | |||
| 195 | XX | XX | D | A | C | A | D | A | A | A | Closed | FCRE1440 | 2026-06-22 16:50 | 2026-06-26 12:19 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Subordination
agreement was provided. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. attached is a copy of the subordination agreement - Seller-06/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Missing the complete Subordination Agreement with XX. Upon receipt additional information may be required. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. attached is a copy of the subordination agreement - Seller-06/XX/2026 |
Resolved-Subordination
agreement was provided. - Due Diligence Vendor-06/26/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has
42.88 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 706 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 247 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 211 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2026-06-23 17:26 | 2026-06-29 08:29 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-The subject loan
was IO and the qualifying payment for reserves was updated to P&I only
per guidelines, resolving the reserves condition. - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. looks like your reserves calc is off, please see guideline 8.7 for Int Only reserves requirements - - Seller-06/XX/2026 Counter-Received asset reconcilliation. Review differs on the following: Cash to close $2,655.99 and required reserves: $48,999.60. File reflects reserve shortage of $10,325.22 - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached Funds to close calc shows verified assets are more than the needed funds - Seller-06/XX/2026 Open-Audited Reserves of 4.74 month(s) are less than Guideline Required Reserves of 6 month(s) Provide proof of sufficient assets to meet the reserve requirement. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. looks like your reserves calc is off, please see guideline 8.7 for
Int Only reserves requirements - -
Seller-06/XX/2026 Ready for Review-Document Uploaded. Please see attached Funds to close calc shows verified assets are more than the needed funds - Seller-06/XX/2026 |
Resolved-The subject loan
was IO and the qualifying payment for reserves was updated to P&I only
per guidelines, resolving the reserves condition. - Due Diligence
Vendor-06/29/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has 59.87 Qualifying DTI below maximum allowed - Required is 50 Borrower has 32.41 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | OR | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 251 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 213 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 188 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 272 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE5790 | 2026-06-25 18:25 | 2026-06-30 13:52 | Resolved | 1 - Information | C | A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Received
Fraud/Drive report UDM last scored 06/XX/2026 - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. Please see attached shows updated report date 6.16 is within 10 days of the Note closing date - Seller-06/XX/2026 Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached shows updated report date 6.16 is within 10
days of the Note closing date - Seller-06/XX/2026 |
Resolved-Received
Fraud/Drive report UDM last scored 06/16/2026 - Due Diligence
Vendor-06/30/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 30.9 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 680 Borrower has 797 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 272 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3652 | 2026-06-24 14:22 | 2026-06-29 12:56 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received COC and
explanation that lender credit decreased at lock extension, credit not listed
on COC. Finding Resolved. - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. The lender credit decreased from $1049 to a discount of $3063.08 due to an escrow waiver and a lock extension- see attached - Seller-06/XX/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 ($127.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($1,049.00). 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 $1,049.00 to $127.00 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $922.00, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The lender credit decreased from $1049 to a discount of $3063.08
due to an escrow waiver and a lock extension- see attached - Seller-06/XX/2026 |
Resolved-Received COC and
explanation that lender credit decreased at lock extension, credit not listed
on COC. Finding Resolved. - Due Diligence Vendor-06/29/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 30.9 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 680 Borrower has 797 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 299 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-06-25 13:07 | 2026-08-19 13:54 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-The borrower have
rented their primary for the last 11 months prior to that they rented at
another location. They have a verified
41 month housing history on the subject.
Guides indicate borrowers with less than a 12-month housing history are allowed provided they
an acceptable 12-month history on REO. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. see the attached lease agreement - Seller-08/XX/2026 Counter-Received bank statement that reflects 11 months of rent payments in the amount of $13250, please provide copy of lease to validate rent payments. Subject property is reported with satisfactory payment history for 41 months - Due Diligence Vendor-06/XX/2026 Ready for Review-Document Uploaded. The loan file contains 11 months of the borrower's primary housing payment history rather than the full 12 months. However, the borrower has an established mortgage payment history that has been rated as agreed since 2022, which provides a stronger indication of the borrower's overall payment pattern. Additionally, Guideline 6.8 states that for borrowers with no housing history or fewer than 12 months of verified housing history, experienced investors may qualify if they have owned other real estate with an acceptable 12-month mortgage payment history within the past 3 years. - Seller-06/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Missing VOR for primary. 6.7 Housing History - Acceptable housing history requires evidence of housing payments for at least the prior 12 months, meeting XX DSCR program requirements. For DSCR, housing history verification is limited to the borrower's primary residence and the subject property (for refinance transactions). - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. see the attached lease agreement
- Seller-08/XX/2026 Ready for Review-Document Uploaded. The loan file contains 11 months of the borrower's primary housing payment history rather than the full 12 months. However, the borrower has an established mortgage payment history that has been rated as agreed since 2022, which provides a stronger indication of the borrower's overall payment pattern. Additionally, Guideline 6.8 states that for borrowers with no housing history or fewer than 12 months of verified housing history, experienced investors may qualify if they have owned other real estate with an acceptable 12-month mortgage payment history within the past 3 years. - Seller-06/XX/2026 |
Resolved-The borrower have
rented their primary for the last 11 months prior to that they rented at
another location. They have a verified
41 month housing history on the subject.
Guides indicate borrowers with less than a 12-month housing history are allowed provided they
an acceptable 12-month history on REO. - Due Diligence Vendor-08/19/2026 |
Months Reserves exceed
minimum required - >9 months available vs 6 months required Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 751 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NC | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 299 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2026-06-25 14:07 | 2026-06-29 14:51 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-The Business
Purpose Affidavit Disclosure is Present or Not Applicable - Due Diligence
Vendor-06/XX/2026 Ready for Review-Document Uploaded. see the attached missing disclosure - Seller-06/XX/2026 Open-The Business Purpose Affidavit Disclosure is Missing - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. see the attached missing disclosure
- Seller-06/XX/2026 |
Resolved-The Business
Purpose Affidavit Disclosure is Present or Not Applicable - Due Diligence
Vendor-06/29/2026 |
Months Reserves exceed
minimum required - >9 months available vs 6 months required Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 751 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NC | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 199 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 309 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE0045 | 2026-06-26 14:47 | 2026-07-01 16:09 | Resolved | 1 - Information | C | A | Credit | Eligibility | Foreign National/Non Perm resident alien but ACH form is not in file | Resolved-Received executed
ACH form reflecting XX ( statements in file) - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the ACH. - Seller-06/XX/2026 Open-Foreign National but the ACH form is Missing from file. ACH form or this transaction is missing. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the ACH. - Seller-06/XX/2026 |
Resolved-Received executed
ACH form reflecting XX ( statements in file) - Due Diligence
Vendor-07/01/2026 |
Long term residence - Long
term residence of 23 years Months Reserves exceed minimum required - Reserves = 16.81 months – Required Reserves = 6 Months |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 260 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3542 | 2026-06-25 13:21 | 2026-07-02 10:33 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (Waiting Period Required) Test | Resolved-Received document
tracking for borrower's receipt. Finding Resolved. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-07/XX/2026 Open-This loan failed the revised closing disclosure delivery date test (waiting period required).( 12 CFR §1026.19(f)(2)(ii) )The revised closing disclosure delivery requires a new waiting period andThe revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either:"UXX First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than six 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 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; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt 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.Changes before consummation requiring a new waiting period. If one of the following disclosures provided under §1026.19(f)(1)(i) becomes inaccurate in the following manner before consummation, the creditor shall ensure that the consumer receives corrected disclosures containing all changed terms in accordance with the requirements of §1026.19(f)(1)(ii)(A):(A) The annual percentage rate disclosed under §1026.38(o)(4) becomes inaccurate, as defined in §1026.22.(B) The loan product is changed, causing the information disclosed under §1026.38(a)(5)(iii) to become inaccurate.(C) A prepayment penalty is added, causing the statement regarding a prepayment penalty required under §1026.38(b) to become inaccurate.The creditor shall ensure that the consumer receives the disclosures required under §1026.19(f)(1)(i) no later than three business days before consummation. -----Borrower's acknowledgment of CD issued 06/XX/26 is missing, please provide. Statue of Limitations 3 years - Expiration date is 06/XX/2029 - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. See attached -
Seller-07/XX/2026 |
Resolved-Received document
tracking for borrower's receipt. Finding Resolved. - Due Diligence
Vendor-07/02/2026 |
Qualifying DTI below maximum
allowed - Required is 50.49 Borrower has 44.1 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 700 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 177 | XX | XX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | NC | Primary Residence | Refinance | Cash Out - Other | |||||||||||||||||||
| 363 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE1964 | 2026-06-30 01:24 | 2026-07-02 13:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing income documentation | Resolved-Received
verification of the property taxes. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The borrower purchased the subject property on XX. Accordingly, the monthly property tax obligation was calculated using the purchase price of $XX at 1.25%, resulting in estimated monthly taxes of $XX. This conservative approach was used because the county tax assessor had not yet assessed the property. Please see the attached property profile for reference. - Seller-06/XX/2026 Open-Missing tax cert for REO located at XX. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. The borrower purchased the subject property on XX. Accordingly, the
monthly property tax obligation was calculated using the purchase price of
$XX at 1.25%, resulting in estimated monthly taxes of $XX. This conservative
approach was used because the county tax assessor had not yet assessed the
property. Please see the attached property profile for reference. -
Seller-06/XX/2026 |
Resolved-Received
verification of the property taxes. - Due Diligence Vendor-07/02/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Credit report reflects FICO of
708 which exceeds the minimum of 680 Required is 680 Borrower has 708 LTV is less than guideline maximum - LTV of 75% is below the maximum of 80% allowed per guidelines Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - DTI of 41.32% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 41.32 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 363 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3634 | 2026-06-29 13:29 | 2026-07-01 11:18 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received
explanation that broker fee increased with loan amount change COC, fee was
not listed on COC. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. the loan amount changed from $XX ($30,000 BPC) to $XX ($39450 BPC) - see attached - Seller-06/XX/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 $9,450.00.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 $9,450.00 (Broker Fee) without a valid COC in file (COC in file did not specify Broker Fee increase). Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $9,450.00, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Document
Uploaded. the loan amount changed from $XX ($30,000 BPC) to $XX ($39450 BPC)
- see attached - Seller-06/XX/2026 |
Resolved-Received
explanation that broker fee increased with loan amount change COC, fee was
not listed on COC. Finding Resolved. - Due Diligence Vendor-07/01/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Credit report reflects FICO of
708 which exceeds the minimum of 680 Required is 680 Borrower has 708 LTV is less than guideline maximum - LTV of 75% is below the maximum of 80% allowed per guidelines Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - DTI of 41.32% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 41.32 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 378 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE9501 | 2026-06-30 12:50 | 2026-08-06 10:52 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-The borrower had
a personal account (XX) that covered all assets required to close, without
using the business accounts. - Due Diligence Vendor-08/XX/2026 Counter-Received rebuttal. Missing documentation verifying ownership and access to funds for the account XX. Additional conditions may apply - Due Diligence Vendor-08/XX/2026 Ready for Review-Assets in the borrower's name, letter from the borrower's bank and conversion of assets to US$ have been previously provided. Borrower had more than sufficient funds to meet the funds required to the transaction. Please escalate and clear this finding. - Seller-08/XX/2026 Counter-Received Statements from XX, Conversion, and Letter from Bank. Letter from Bank indicating "the bank re-issued the statement with eh corrected period : 01-Dec-2025 to 10-Jun-2026" Still missing documentation verifying ownership and access to funds for the accountXX. Additional conditions may apply - Due Diligence Vendor-07/XX/2026 Ready for Review-The error was on the header description but the actual transactions on the statements are accurately reflected by date. . Please escalate if needed and clear this finding. - Seller-07/XX/2026 Counter-Received Statement, Conversion, and Letter from Bank. Letter from Bank indicate "the back re-issued the statement with eh corrected period : 01-Dec-2025 to 10-Jun-2026". The statement provided do not reflect the dates noted on Letter from Bank. Finding remains. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached assets in the borrower's name, letter from the borrower's bank and conversion of assets to US$. Borrower had more than sufficient funds to meet the funds required to the transaction. - Seller-07/XX/2026 Counter-Received 2 packages of loan docs. 16 page acct XX statement for period 06/XX/2026 - 12/XX/2025 and 97 page acct XX in name of Business XX for period 12/XX/2025 - 06/XX/2026, and 11/XX/2025 - 05/XX/2026 with conversion rates. Still missing documentation verifying ownership and access to funds. Additional conditions may apply - Due Diligence Vendor-07/XX/2026 Ready for Review-The finding was that balances are not in US dollars and to provide conversion rate. The requested conversion rate has been provided for the original account in question. Please refer to all pages. - Seller-07/XX/2026 Counter-Received assets in the name of Business XX. Unable to confirm borrower is owner of business and if borrower has 100% assess to funds. Finding remains. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached all assets with conversions. - Seller-07/XX/2026 Counter-Upon review of statement for XX, it appears that the balances are not in US dollars. Please provide conversion rate - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Open-Total Qualified Assets Post-Close amount is '$-260571.12'. Assets are Insufficient. Bank statements from XX in file do not show borrower's name and there is no documentation in file to determine if it is borrower's account. Provide proof of sufficient funds from borrower. - Due Diligence Vendor-06/XX/2026 |
Ready for Review-Assets in
the borrower's name, letter from the borrower's bank and conversion of assets
to US$ have been previously provided. Borrower had more than sufficient funds
to meet the funds required to the transaction. Please escalate and clear this
finding. - Seller-08/XX/2026 Ready for Review-The error was on the header description but the actual transactions on the statements are accurately reflected by date. . Please escalate if needed and clear this finding. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Please see attached assets in the borrower's name, letter from the borrower's bank and conversion of assets to US$. Borrower had more than sufficient funds to meet the funds required to the transaction. - Seller-07/XX/2026 Ready for Review-The finding was that balances are not in US dollars and to provide conversion rate. The requested conversion rate has been provided for the original account in question. Please refer to all pages. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Please see attached all assets with conversions. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 |
Resolved-The borrower had a
personal account (3039) that covered all assets required to close, without
using the business accounts. - Due Diligence Vendor-08/06/2026 |
Long term residence - Per
1003 borrower occupied primary for 6 years Months Reserves exceed minimum required - 20 Months Reserves exceed 0 minimum required |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | purchase | NA | N/A | N/A | XX | ||
| 405 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1194 | 2026-07-01 15:15 | 2026-08-03 14:43 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Borrower not FTI
- as owns REO. Borrower NOT FTHB as has own REO. 701 FICO LTV80% - Due
Diligence Vendor-08/XX/2026 Ready for Review-Please note that the borrower is qualifying as a First Time Investor. Per guidelines we just need to verify 12 months of housing history, which is verified with the VOR. As for XX, A VOM is not required, since the property is neither the subject nor the borrower's Primary. Per DSCR guidelines, only the Primary and Subject history is required. Please clear this item. - Seller-07/XX/2026 Ready for Review-This is a DSCR Loan, only the primary and subject investment property; mortgage history is review. Per DSCR Guideline Mortgage not appearing on the credit report other than the primary residence or subject property are excluded from the 1003 REO schedule. This is a purchase of an investment property. - Seller-07/XX/2026 Counter-REO was purchased 10/XX/2025 < 12 months and VOM by lender XX is not provided. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Lender notes the borrower is a First Time Investor and meets The borrower must have at least 12 months of verifiable housing payment history (VOM and/or VOR). Please see attached - Seller-07/XX/2026 Open-Audited LTV of 80% exceeds Guideline LTV of 70% There is no evidence in file that borrower owned a home in the last three years. FTHB overlays on Sponge XX matrix reflect max LTV is 70%. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Please
note that the borrower is qualifying as a First Time Investor. Per guidelines we just need to verify 12
months of housing history, which is verified with the VOR. As for XX, A VOM is not required, since the
property is neither the subject nor the borrower's Primary. Per DSCR guidelines, only the Primary and
Subject history is required. Please
clear this item. - Seller-07/XX/2026
Ready for Review-This is a DSCR Loan, only the primary and subject investment property; mortgage history is review. Per DSCR Guideline Mortgage not appearing on the credit report other than the primary residence or subject property are excluded from the 1003 REO schedule. This is a purchase of an investment property. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Lender notes the borrower is a First Time Investor and meets The borrower must have at least 12 months of verifiable housing payment history (VOM and/or VOR). Please see attached - Seller-07/XX/2026 |
Resolved-Borrower not FTI -
as owns REO. Borrower NOT FTHB as has own REO. 701 FICO LTV80% - Due
Diligence Vendor-08/03/2026 |
Guideline: Qualifying FICO
score is at least 20 points above minimum for program - Required is 660
Borrower has 701 . DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.397 Required is 0.75 Borrower has 1.397 Months Reserves exceed minimum required - 21 months reserves; 6 months reserves required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | LA | Investment | purchase | NA | N/A | N/A | XX | ||
| 405 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-07-08 13:33 | 2026-08-03 14:15 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received
rebuttal, upon further review 6.7 states "For DSCR, housing history
verification is limited to the borrower's primary residence and the subject
property (for refinance transactions)."
VOR in file. subject transaction is purchase of REO - Due Diligence
Vendor-08/XX/2026 Ready for Review-4.2 only requires 12 months house history. We do not need any other additional documents per guidelines. - Seller-07/XX/2026 Ready for Review-This is a DSCR Loan, only the primary and subject investment property; mortgage history is review. Per DSCR Guideline Mortgage not appearing on the credit report other than the primary residence or subject property are excluded from the 1003 REO schedule. This is a purchase of an investment property. - Seller-07/XX/2026 Open-Housing History Does Not Meet Guideline Requirements **NEW** borrower has owned REO XX since 10/XX/2025 which is subject to mortgage iao $XX from XX as lender, loan is Missing VOM to satisfy 4.2.2 - Due Diligence Vendor-07/XX/2026 |
Ready for Review-4.2 only
requires 12 months house history. We do not need any other additional
documents per guidelines. - Seller-07/XX/2026 Ready for Review-This is a DSCR Loan, only the primary and subject investment property; mortgage history is review. Per DSCR Guideline Mortgage not appearing on the credit report other than the primary residence or subject property are excluded from the 1003 REO schedule. This is a purchase of an investment property. - Seller-07/XX/2026 |
Resolved-Received rebuttal,
upon further review 6.7 states "For DSCR, housing history verification
is limited to the borrower's primary residence and the subject property (for
refinance transactions)." VOR in
file. subject transaction is purchase of REO - Due Diligence
Vendor-08/03/2026 |
Guideline: Qualifying FICO
score is at least 20 points above minimum for program - Required is 660
Borrower has 701 . DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.397 Required is 0.75 Borrower has 1.397 Months Reserves exceed minimum required - 21 months reserves; 6 months reserves required. |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | LA | Investment | purchase | NA | N/A | N/A | XX | |||
| 405 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1206 | 2026-07-01 14:58 | 2026-07-07 14:40 | 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/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-07/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Seller was not included - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-07/XX/2026 |
Resolved-Received Fraud
Report w/All Interested Parties Checked against Exclusionary Lists - Due
Diligence Vendor-07/07/2026 |
Guideline: Qualifying FICO
score is at least 20 points above minimum for program - Required is 660
Borrower has 701 . DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.397 Required is 0.75 Borrower has 1.397 Months Reserves exceed minimum required - 21 months reserves; 6 months reserves required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | LA | Investment | purchase | NA | N/A | N/A | XX | ||
| 334 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | VA | Investment | purchase | NA | |||||||||||||||||||
| 339 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE1278 | 2026-07-08 16:14 | 2026-07-08 16:15 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Escrow waiver guidelines were not met | Waived-Originator waiver
applied to non-material Findings - Due Diligence Vendor-07/XX/2026 Open-escrow waiver is missing - Due Diligence Vendor-07/XX/2026 |
Waived-Originator waiver
applied to non-material Findings - Due Diligence Vendor-07/08/2026 |
LTV is less than guideline
maximum - LTV of 55% is below the maximum of 80% allowed per guidelines
Required is 80 Borrower has 55 Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 765 which exceeds the minimum of 700 Required is 700 Borrower has 765 DSCR =/> 1.00 and minimum is 0.85 or Less - Calculated DSCR of 1.527 which exceeds the minimum required of 0.80 Required is 0.8 Borrower has 1.527 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | N/A | XX | ||||
| 342 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | KY | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 345 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1206 | 2026-07-01 20:06 | 2026-07-09 12:19 | 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/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-07/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Missing the Settlement Agent being checked against the Exclusionary Lists. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached - Seller-07/XX/2026 |
Resolved-Received Fraud
Report w/All Interested Parties Checked against Exclusionary Lists - Due
Diligence Vendor-07/09/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 660 Borrower has 723 Required is 660
Borrower has 723 DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR =/> 1.00 and minimum is 0.85 or Less. Min DSCR % is 0.75 Borrower has 1.002. Required is 0.75 Borrower has 1.002 LTV is less than guideline maximum - Max LTV is 80 Borrower has 74.56 Required is 80 Borrower has 74.56 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | GA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 345 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1205 | 2026-07-01 20:06 | 2026-07-09 12:19 | 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/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-07/XX/2026 Open-OFAC Check Not Completed and/or Cleared Missing the Settlement Agent being checked against the OFAC Lists. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached - Seller-07/XX/2026 |
Resolved-Received updated
fraud report reflecting all interested parties. - Due Diligence
Vendor-07/09/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 660 Borrower has 723 Required is 660
Borrower has 723 DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR =/> 1.00 and minimum is 0.85 or Less. Min DSCR % is 0.75 Borrower has 1.002. Required is 0.75 Borrower has 1.002 LTV is less than guideline maximum - Max LTV is 80 Borrower has 74.56 Required is 80 Borrower has 74.56 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | GA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 356 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1206 | 2026-07-02 06:57 | 2026-07-17 14:58 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received Fraud
report. - Due Diligence Vendor-07/XX/2026 Ready for Review-Revised DV was provided on 7/14 including XX and XX. - Seller-07/XX/2026 Counter-Fraud report with seller provided. SAM provided for XX and XX. Please provide a Fraud report with XX and XX added to the Loan Participant Analysis. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Counter-Reviewed XX, missing Seller XX and list XX separate from XX then rerun XX to satisfy EPLS/LDP/OFAC - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. All are included. Please see attached DV delivered with the loan file. - Seller-07/XX/2026 Counter-Received ofac. per 11.2 Please be sure to add all transaction participants must be included in the fraud report as follows: Borrowers/Guarantors, Property Sellers, Brokers, Loan Officers, Appraisers, Real Estate Agents, Settlement Agents to the Drive report, rescore, clear any items and submit for review. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Missing documentation used to clear the GSA-EPLS Fail. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Revised
DV was provided on 7/14 including XX and XX. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Ready for Review-Document Uploaded. All are included. Please see attached DV delivered with the loan file. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 |
Resolved-Received Fraud
report. - Due Diligence Vendor-07/17/2026 |
LTV is less than guideline
maximum - Max LTV is 90 Borrower has 80 Required is 90 Borrower has 80 Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 620 Borrower has 725 Required is 620 Borrower has 725 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 26.26 Required is 50 Borrower has 26.35 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | NJ | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 356 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2026-07-06 09:41 | 2026-07-09 13:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Received google
search of the business dated 07/XX/2026, per 6.10.2 UW to verify the current
existence of the b1bz within 60 days of Note dated 06/XX/2026 is satisfied +
XX acct date 06/XX/2026 p 243 reflecting usual business transactions. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Open-Borrower 1 3rd Party VOE Prior to Close Missing Borrower 1 and B2 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. - Seller-07/XX/2026 |
Resolved-Received google
search of the business dated 07/07/2026, per 6.10.2 UW to verify the current
existence of the b1bz within 60 days of Note dated XX is satisfied + XX acct
date 06/15/2026 p 243 reflecting usual business transactions. - Due Diligence Vendor-07/09/2026 |
LTV is less than guideline
maximum - Max LTV is 90 Borrower has 80 Required is 90 Borrower has 80 Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 620 Borrower has 725 Required is 620 Borrower has 725 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 26.26 Required is 50 Borrower has 26.35 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | NJ | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 356 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCOM1221 | 2026-07-02 07:15 | 2026-07-09 13:16 | Resolved | 1 - Information | C | A | Credit | Closing | The Deed of Trust is Incomplete | Resolved-Received executed
DOT with signature/Notary page 06/XX/2026 - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached - Seller-07/XX/2026 Open-The Deed of Trust is Incomplete Missing the signature page of the Mortgage. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached - Seller-07/XX/2026 |
Resolved-Received executed
DOT with signature/Notary page 06/29/2026 - Due Diligence
Vendor-07/09/2026 |
LTV is less than guideline
maximum - Max LTV is 90 Borrower has 80 Required is 90 Borrower has 80 Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 620 Borrower has 725 Required is 620 Borrower has 725 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 26.26 Required is 50 Borrower has 26.35 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | NJ | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 365 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | |||||||||||||||||||
| 162 | XX | XX | B | A | B | A | A | A | A | A | Closed | FCRE1182 | 2026-07-06 15:52 | 2026-07-08 14:55 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided | Resolved-Received updated
1008 with Appraised value at $XX - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Open-Missing Approval/Underwriting Summary Provide revised approval and 1008 showing appraised value of $XX or provide an explanation of value disclosed on Approval/1008 as this this may affect the LTV. Additional findings may apply. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. - Seller-07/XX/2026 |
Resolved-Received updated
1008 with Appraised value at $595,000 - Due Diligence Vendor-07/08/2026 |
LTV is less than guideline
maximum - LTV Required is 70% Borrower has 64.03%. Required is 70 Borrower
has 64.03 Months Reserves exceed minimum required - The Boorwer has 2.39 months in reserves. Additional reserves are in the business account; no funds access letter in the file. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NH | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 232 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 375 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1292 | 2026-07-06 16:22 | 2026-07-23 15:46 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income 1 Months Income Verified is Missing | Resolved-Borrower is an XX
and has an XX(Interest on Lawyer Trust Account) which is required in the
state of Florida. Funds held in this
account were not used to qualify, the transfers from this account were
transfers for business revenue . - Due Diligence Vendor-07/XX/2026 Counter-Per section 6.1.1 Use of funds from XX are ineligible and would require exception waiver approval. It appears the underwriter may have received a exception approval from the Director of Underwriting. - Due Diligence Vendor-07/XX/2026 Ready for Review-The finding is not supported and appears to be based on an incorrect account identification. The referenced account XX is not the borrower’s XX Trust Account. The borrower’s actual XX is Account XX. Account XX is the borrower’s operating account, which was the account used for qualification purposes. Therefore, the conclusion that assets from an XX were used for qualification is inaccurate. The September 2025 transfers identified from XX XX into Operating Account XX represent the transfer of earned legal fees, not client trust funds. The borrower is an attorney, and Account XX is maintained as an Interest on Lawyers’ Trust Account (XX) in accordance with applicable state bar trust accounting requirements. Funds held in an XX may include client funds that must remain segregated; however, once legal fees are earned and properly transferred in accordance with attorney trust accounting rules, those funds are no longer considered client trust funds. Attorneys are prohibited from retaining earned fees in an XX after the fees have been earned. The proper accounting procedure is to transfer earned fees from the trust account into the law firm’s operating account. Accordingly, the transfers from Account XX into Account XX represent legitimate business revenue of the law practice and not the use of client funds. The loan qualification did not rely on funds held in the XX. The qualifying assets were held in Operating Account XX, where the funds were deposited, retained, and seasoned as unrestricted business funds. Once properly transferred, these funds represented earned income of the borrower’s XX practice and were no longer subject to the restrictions applicable to client trust funds. The file contains supporting documentation, including: Letter of Explanation addressing the September 2025 transfers; Twelve (12) months of Operating Account XX bank statements demonstrating the receipt, retention, and seasoning of funds; Documentation confirming the borrower’s ownership of the law practice and the nature of the deposited funds as earned legal fees. Guideline 6.1.1 prohibits the use of client trust funds for qualification purposes. That guideline is not applicable here because no client funds were used for asset qualification. The funds used for qualification were seasoned business funds maintained in the operating account after the laXXul transfer of earned legal fees. Accordingly, the finding that XX funds were used for qualification is factually incorrect. The transferred funds represent earned business revenue, not restricted client trust funds, and no exception waiver is required. The condition should be cleared. - Seller-07/XX/2026 Ready for Review-The finding is not supported and should be reconsidered. The referenced account ending in XX is an XX (Interest on Lawyers Trust Account) maintained by the borrower in connection with the borrower’s legal practice. The purpose of an XX is to maintain client-related funds in a fiduciary capacity; however, the transfers reviewed in this file did not represent client settlement funds, third-party funds, or funds held on behalf of another party. The transfers from XX ending in XX to business checking account ending in XX represented the borrower’s own funds and were reviewed during underwriting to confirm the source and ownership of the transferred funds. The underwriting file specifically documents approval by the Underwriting Director, as reflected in the Final 1008 underwriting comments: “Ok to use transfers from XX acct #XXnto Checking #XXer review with XX UW Director.” The underwriting review determined that the transferred funds were not ineligible client trust funds and that the borrower had sufficient ownership and control of the funds being used for qualification purposes. Additionally, the borrower provided a letter of explanation addressing the September 2025 transfers, further confirming the nature and source of the funds. The file documentation supports that the funds transferred were attributable to the borrower and not third-party/client funds. The intent of Section 6.1.1 is to prevent the use of funds that do not belong to the borrower, including client trust funds and other fiduciary-held funds. In this case, the transferred funds were verified as the borrower’s own funds and were reviewed and approved during underwriting. Accordingly, the use of these funds did not create an eligibility issue, did not impact the borrower’s qualification, and does not represent the use of prohibited client trust funds. We respectfully request that this finding be cleared. - Seller-07/XX/2026 Counter-Received rebuttal. Received LOX from b1 regarding transfers during September 2025, condition remains, LOX for recent transfers from XX into XX or 12 months from both to review. #XX8 reflects transfers from XX acct discussed with UW Director. per 6.1.1 Use of funds from XX are ineligible and would require exception waiver approval - Due Diligence Vendor-07/XX/2026 Ready for Review-The finding is not supported. The borrower is an XX, and the referenced XX is a trust account maintained in accordance with legal and ethical requirements. An XX (Interest on Lawyers' Trust Account) is used by attorneys to temporarily hold client funds in a fiduciary capacity; the interest earned is remitted to the state's XX program to fund legal aid. In this instance, the transfers at issue did not represent client settlement funds or third-party monies. Rather, they consisted of the borrower's own funds that were transferred into the borrower's business checking account. Furthermore, the underwriting file documents that the transfers were specifically reviewed and approved by the Underwriting Director, as reflected in the 1008 underwriting comments stating: "Ok to use transfers from XX acct #XXnto Checking #XXer review with XX UW XX." Accordingly, the transfers were reviewed during underwriting, determined to be acceptable, and do not constitute the use of ineligible client trust funds. Therefore, we respectfully request that this finding be cleared. - Seller-07/XX/2026 Counter-Received xpl and LOX from b1 regarding transfers during September 2025, condition remains, LOX for recent transfers from XX into XX or 12 months from both to review. #XX8 reflects transfers from XX acct discussed with UW Director. per 6.1.1 Use of funds from XX are ineligible and would require exception waiver approval . - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The loan is a closed and funded Non-QM business bank statement transaction. The loan file contains the borrower's Letter of Explanation dated June XX, 2026, documenting that the business banking relationship was transferred from XX (Account ending XX) to XX (Account ending XX) in September 2025. The borrower explains that the transfer was made for legitimate business purposes, including lower fees, improved rates, and enhanced banking services. The transfers identified represent the movement of existing business funds between the borrower's business accounts and do not reflect additional or undisclosed business income. The documentation contained in the loan file adequately explains the account transition and supports the continuity of the business banking relationship used in the income analysis. Accordingly, the documentation maintained in the closed loan file was sufficient to support the underwriting decision, and we respectfully request that this finding be waived. - Seller-07/XX/2026 Open-Income 1 Months Income Verified is Missing Income from 2 different accounts XXAppears account #XXas recently transferred funds into #XXNeed LOE for this or all 12 months statements from both accounts. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-The
finding is not supported and appears to be based on an incorrect account
identification. The referenced account XX is not the borrower’s XX Trust Account. The borrower’s actual XX is Account XX. Account XX is the borrower’s operating account, which was the account used for qualification purposes. Therefore, the conclusion that assets from an XX were used for qualification is inaccurate. The September 2025 transfers identified from XX XX into Operating Account XX represent the transfer of earned legal fees, not client trust funds. The borrower is an attorney, and Account XX is maintained as an Interest on Lawyers’ Trust Account (XX) in accordance with applicable state bar trust accounting requirements. Funds held in an XX may include client funds that must remain segregated; however, once legal fees are earned and properly transferred in accordance with attorney trust accounting rules, those funds are no longer considered client trust funds. Attorneys are prohibited from retaining earned fees in an XX after the fees have been earned. The proper accounting procedure is to transfer earned fees from the trust account into the law firm’s operating account. Accordingly, the transfers from Account XX into Account XX represent legitimate business revenue of the law practice and not the use of client funds. The loan qualification did not rely on funds held in the XX. The qualifying assets were held in Operating Account XX, where the funds were deposited, retained, and seasoned as unrestricted business funds. Once properly transferred, these funds represented earned income of the borrower’s law practice and were no longer subject to the restrictions applicable to client trust funds. The file contains supporting documentation, including: Letter of Explanation addressing the September 2025 transfers; Twelve (12) months of Operating Account XX bank statements demonstrating the receipt, retention, and seasoning of funds; Documentation confirming the borrower’s ownership of the law practice and the nature of the deposited funds as earned legal fees. Guideline 6.1.1 prohibits the use of client trust funds for qualification purposes. That guideline is not applicable here because no client funds were used for asset qualification. The funds used for qualification were seasoned business funds maintained in the operating account after the laXXul transfer of earned legal fees. Accordingly, the finding that XX funds were used for qualification is factually incorrect. The transferred funds represent earned business revenue, not restricted client trust funds, and no exception waiver is required. The condition should be cleared. - Seller-07/XX/2026 Ready for Review-The finding is not supported and should be reconsidered. The referenced account ending in XX is an XX (Interest on Lawyers Trust Account) maintained by the borrower in connection with the borrower’s legal practice. The purpose of an XX is to maintain client-related funds in a fiduciary capacity; however, the transfers reviewed in this file did not represent client settlement funds, third-party funds, or funds held on behalf of another party. The transfers from XX ending in XX to business checking account ending in XX represented the borrower’s own funds and were reviewed during underwriting to confirm the source and ownership of the transferred funds. The underwriting file specifically documents approval by the Underwriting Director, as reflected in the Final 1008 underwriting comments: “Ok to use transfers from XX acct #XXnto Checking #XXer review with XX, UW Director.” The underwriting review determined that the transferred funds were not ineligible client trust funds and that the borrower had sufficient ownership and control of the funds being used for qualification purposes. Additionally, the borrower provided a letter of explanation addressing the September 2025 transfers, further confirming the nature and source of the funds. The file documentation supports that the funds transferred were attributable to the borrower and not third-party/client funds. The intent of Section 6.1.1 is to prevent the use of funds that do not belong to the borrower, including client trust funds and other fiduciary-held funds. In this case, the transferred funds were verified as the borrower’s own funds and were reviewed and approved during underwriting. Accordingly, the use of these funds did not create an eligibility issue, did not impact the borrower’s qualification, and does not represent the use of prohibited client trust funds. We respectfully request that this finding be cleared. - Seller-07/XX/2026 Ready for Review-The finding is not supported. The borrower is an XX, and the referenced XX is a trust account maintained in accordance with legal and ethical requirements. An XX (Interest on Lawyers' Trust Account) is used by attorneys to temporarily hold client funds in a fiduciary capacity; the interest earned is remitted to the state's XX program to fund legal aid. In this instance, the transfers at issue did not represent client settlement funds or third-party monies. Rather, they consisted of the borrower's own funds that were transferred into the borrower's business checking account. Furthermore, the underwriting file documents that the transfers were specifically reviewed and approved by the Underwriting Director, as reflected in the 1008 underwriting comments stating: "Ok to use transfers from XX acct #XXnto Checking #XXer review with XX, UW Director." Accordingly, the transfers were reviewed during underwriting, determined to be acceptable, and do not constitute the use of ineligible client trust funds. Therefore, we respectfully request that this finding be cleared. - Seller-07/XX/2026 Ready for Review-Document Uploaded. The loan is a closed and funded Non-QM business bank statement transaction. The loan file contains the borrower's Letter of Explanation dated June 19, 2026, documenting that the business banking relationship was transferred from XX Bank (Account ending XX) to BankXX (Account ending XX) in September 2025. The borrower explains that the transfer was made for legitimate business purposes, including lower fees, improved rates, and enhanced banking services. The transfers identified represent the movement of existing business funds between the borrower's business accounts and do not reflect additional or undisclosed business income. The documentation contained in the loan file adequately explains the account transition and supports the continuity of the business banking relationship used in the income analysis. Accordingly, the documentation maintained in the closed loan file was sufficient to support the underwriting decision, and we respectfully request that this finding be waived. - Seller-07/XX/2026 |
Resolved-Borrower is an XX
and has an XX(Interest on Lawyer Trust Account) which is required in the
state of Florida. Funds held in this
account were not used to qualify, the transfers from this account were
transfers for business revenue . - Due Diligence Vendor-07/23/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 680 Borrower has 746 Required is 680
Borrower has 746 Qualifying DTI below maximum allowed - Min DTI is 50 Borrower has 36.85 Required is 50 Borrower has 36.85 LTV is less than guideline maximum - Max LTV is 75 Borrower has 70 Required is 75 Borrower has 70 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 375 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1206 | 2026-07-06 14:19 | 2026-07-20 14:02 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Lender provided
documentation on how the GSA-EPLS Fails were cleared. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. A review of the appraisal report and the SAM.gov/GSA exclusion search indicates that the exclusion record appears to be a name match only. The appraiser who completed the appraisal is identified as XX, located in XX, Florida, with contact information and business credentials reflected in the appraisal report. The SAM.gov exclusion record identified by the reviewer reflects an individual with a physical address in XX, Texas. Based on the information available in the loan file, there is insufficient evidence to conclude that the appraiser who completed the appraisal is the same individual identified on the SAM.gov exclusion list. A common-name match alone does not establish identity. Accordingly, we respectfully request that the finding be reconsidered unless additional documentation is available linking the appraisal's signer to the excluded individual. - Seller-07/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Missing proof of documentation to clear the GSA-EPLS Fail. Upon receipt additional information may be required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. A review of the appraisal report and the SAM.gov/GSA exclusion
search indicates that the exclusion record appears to be a name match
only. The appraiser who completed the appraisal is identified as XX of XX, located in XX, Florida, with contact information and business credentials reflected in the appraisal report. The SAM.gov exclusion record identified by the reviewer reflects an individual with a physical address in XX, Texas. Based on the information available in the loan file, there is insufficient evidence to conclude that the appraiser who completed the appraisal is the same individual identified on the SAM.gov exclusion list. A common-name match alone does not establish identity. Accordingly, we respectfully request that the finding be reconsidered unless additional documentation is available linking the appraisal's signer to the excluded individual. - Seller-07/XX/2026 |
Resolved-Lender provided
documentation on how the GSA-EPLS Fails were cleared. - Due Diligence Vendor-07/20/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 680 Borrower has 746 Required is 680
Borrower has 746 Qualifying DTI below maximum allowed - Min DTI is 50 Borrower has 36.85 Required is 50 Borrower has 36.85 LTV is less than guideline maximum - Max LTV is 75 Borrower has 70 Required is 75 Borrower has 70 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 375 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1205 | 2026-07-06 14:19 | 2026-07-20 14:01 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Lender provided a
final Data Verify Report with updated LPA. No matches found on OFAC. - Due
Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the Final Data Verify Report with updated LPA. No matches found on OFAC. - Seller-07/XX/2026 Open-OFAC Check Not Completed and/or Cleared Missing proof of documentation to clear the OFAC Fail. Upon receipt additional information may be required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the Final Data Verify Report with updated LPA. No
matches found on OFAC. -
Seller-07/XX/2026 |
Resolved-Lender provided a
final Data Verify Report with updated LPA. No matches found on OFAC. - Due
Diligence Vendor-07/20/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 680 Borrower has 746 Required is 680
Borrower has 746 Qualifying DTI below maximum allowed - Min DTI is 50 Borrower has 36.85 Required is 50 Borrower has 36.85 LTV is less than guideline maximum - Max LTV is 75 Borrower has 70 Required is 75 Borrower has 70 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 415 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-07-06 10:27 | 2026-07-17 13:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOR for
previous housing completing the 12 month housing history requirement. Although the VOR for current resident is
missing the LL phone number we do have the LL emails address. Housing History Meets Guideline
Requirements - Due Diligence Vendor-07/XX/2026 Ready for Review-The missing phone number is immaterial specially when page 2 and 3 of the document provided includes the email address/etc.. Please clear this finding. - Seller-07/XX/2026 Counter-Received VOR for current primary which began 5/XX/26 (missing Landlord phone number), please provide VOR for previous rental for the 12 month housing history. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. See attached. - Seller-07/XX/2026 Counter-Lender comment indicate "see attached". No document provided. - Due Diligence Vendor-07/XX/2026 Ready for Review-Please see attached. - Seller-07/XX/2026 Open-Housing History Does Not Meet Guideline Requirements. Missing VOR for the primary residence. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-The
missing phone number is immaterial specially when page 2 and 3 of the
document provided includes the email address/etc.. Please clear this finding.
- Seller-07/XX/2026 Ready for Review-Document Uploaded. See attached. - Seller-07/XX/2026 Ready for Review-Please see attached. - Seller-07/XX/2026 |
Resolved-Received VOR for
previous housing completing the 12 month housing history requirement. Although the VOR for current resident is
missing the LL phone number we do have the LL emails address. Housing History Meets Guideline
Requirements - Due Diligence Vendor-07/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - FICO Required is 700 Borrower has
729. Required is 700 Borrower has 729 Months Reserves exceed minimum required - The Borrower has 65.50 months in reserves; 3 months required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TN | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 394 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | MO | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 414 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | AL | Investment | purchase | NA | |||||||||||||||||||
| 331 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE0105 | 2026-07-06 17:46 | 2026-07-08 14:43 | Resolved | 1 - Information | C | A | Credit | Eligibility | Condo Structural Reports not in file | Resolved-Received
confirmation for HOA Milestone report previously completed. Actual report not required. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The finding is not supported by the documentation in the loan file. The HOA has confirmed in writing that the required California Senate Bill 326 (SB 326) inspection was completed. The HOA further clarified that the response on the condominium questionnaire indicating that no inspection had been performed within the past three years refers only to the three-year lookback period and does not indicate that the required SB 326 inspection was never completed. Specifically, the HOA states: "We confirm that an SB326 inspection was completed prior to that three-year period. Accordingly, while no inspection has been conducted within the past three years, the required SB326 inspection was performed at an earlier date." The finding states that the subject is "missing the required milestone inspection." However, the HOA's written confirmation establishes that the required SB 326 inspection was completed. Please identify the specific guideline or statutory requirement that mandates the inspection must have been completed within the past three years for this transaction. In the absence of such a requirement, the documentation provided supports compliance with SB 326, and the finding should be removed. - Seller-07/XX/2026 Open-The file does not contain the required structural engineer report per state law. Subject is missing required milestone inspection as required by CA Senate Bill No. 326. Subject was built before 01/XX/2020, is of 3 or more units and contains wood/wood-based products, for human occupancy/use. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The finding is not supported by the documentation in the loan file.
The HOA has confirmed in writing that the required California Senate Bill 326
(SB 326) inspection was completed. The HOA further clarified that the response
on the condominium questionnaire indicating that no inspection had been
performed within the past three years refers only to the three-year lookback
period and does not indicate that the required SB 326 inspection was never
completed. Specifically, the HOA states: "We confirm that an SB326 inspection was completed prior to that three-year period. Accordingly, while no inspection has been conducted within the past three years, the required SB326 inspection was performed at an earlier date." The finding states that the subject is "missing the required milestone inspection." However, the HOA's written confirmation establishes that the required SB 326 inspection was completed. Please identify the specific guideline or statutory requirement that mandates the inspection must have been completed within the past three years for this transaction. In the absence of such a requirement, the documentation provided supports compliance with SB 326, and the finding should be removed. - Seller-07/XX/2026 |
Resolved-Received
confirmation for HOA Milestone report previously completed. Actual report not required. - Due Diligence Vendor-07/08/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
763 Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.64 LTV is less than guideline maximum - Required is 80 Borrower has 50 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | N/A | N/A | XX | ||
| 331 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1173 | 2026-07-06 15:07 | 2026-07-08 14:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Condo Master Insurance Policy is Missing | Resolved-Received Condo
Master Insurance Policy - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the Master Insurance Policy. - Seller-07/XX/2026 Open-Missing Condo Master Insurance Policy - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the Master Insurance Policy. - Seller-07/XX/2026 |
Resolved-Received Condo
Master Insurance Policy - Due Diligence Vendor-07/08/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
763 Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.64 LTV is less than guideline maximum - Required is 80 Borrower has 50 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | N/A | N/A | XX | ||
| 396 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | MA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 402 | XX | XX | C | B | C | A | C | B | A | A | Closed | FCRE1510 | 2026-07-06 09:32 | 2026-07-09 14:32 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Deed of
Trust with Legal Description and all applicable riders. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-07/XX/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Legal Description attached to the Mortgage. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached - Seller-07/XX/2026 |
Resolved-Received Deed of
Trust with Legal Description and all applicable riders. - Due Diligence
Vendor-07/09/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 660 Borrower has 700 Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 38.38 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 402 | XX | XX | C | B | C | A | C | B | A | A | Closed | finding-3634 | 2026-07-06 09:01 | 2026-07-09 09:16 | Cured | 2 - Non-Material | C | B | Compliance | TRID | Charges That Cannot Increase Test | Cured-Received PCCD
07/XX/2026 with copy of letter, check and shipping Label. Finding is
Cured. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. - Seller-07/XX/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 $126.00.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 $126.00 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 $126.00, 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 08/XX/2026 (2) within 60 days of discovery expires 09/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. - Seller-07/XX/2026 |
Cured-Received PCCD
07/08/2026 with copy of letter, check and shipping Label. Finding is
Cured. - Due Diligence
Vendor-07/09/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 660 Borrower has 700 Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 38.38 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 164 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NH | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 412 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1510 | 2026-07-02 10:32 | 2026-07-13 11:58 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Deed of
Trust with Legal Description and all applicable riders. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. attached is a copy of the recorded deed of trust - Seller-07/XX/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal description attached to deed of trust. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. attached is a copy of the recorded deed of trust - Seller-07/XX/2026 |
Resolved-Received Deed of
Trust with Legal Description and all applicable riders. - Due Diligence
Vendor-07/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Credit report reflects FICO of
763 which exceeds the minimum of 680 Required is 680 Borrower has 763 LTV is less than guideline maximum - LTV of 75% is below the maximum of 85% allowed per guidelines Required is 85 Borrower has 75 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | GA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 412 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3540 | 2026-07-02 11:46 | 2026-07-10 07:55 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-Borrower received
at closing. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-07/XX/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"UXX 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 06/XX/2026 is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is 06/XX/2029. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached - Seller-07/XX/2026 |
Resolved-Borrower received
at closing. Finding Resolved. - Due Diligence Vendor-07/10/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Credit report reflects FICO of
763 which exceeds the minimum of 680 Required is 680 Borrower has 763 LTV is less than guideline maximum - LTV of 75% is below the maximum of 85% allowed per guidelines Required is 85 Borrower has 75 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | GA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 412 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3652 | 2026-07-02 11:46 | 2026-07-10 07:55 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received
explanation lender credit decreased with COC for lock, credit not listed on
COC. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. - Seller-07/XX/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 ($4,773.26) does not exceed or equal the comparable sum of specific and non-specific lender credits ($5,139.00). 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 $5139 to $4773.26 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $365.74, 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 08/XX/2026 (2) within 60 days of discovery expires 08/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. - Seller-07/XX/2026 |
Resolved-Received
explanation lender credit decreased with COC for lock, credit not listed on
COC. Finding Resolved. - Due Diligence Vendor-07/10/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Credit report reflects FICO of
763 which exceeds the minimum of 680 Required is 680 Borrower has 763 LTV is less than guideline maximum - LTV of 75% is below the maximum of 85% allowed per guidelines Required is 85 Borrower has 75 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | GA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 337 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-07-13 13:50 | 2026-07-31 15:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOR. -
Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the VOR. - Seller-07/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Missing - VOR/12 month payment history on Primary residence. Additional findings may apply. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the VOR. - Seller-07/XX/2026 |
Resolved-Received VOR. - Due
Diligence Vendor-07/31/2026 |
Qualifying DTI below maximum
allowed - . Required is 50 Borrower has 18.55 Qualifying FICO score is at least 20 points above minimum for program - . Required is 700 Borrower has 752 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 337 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1345 | 2026-07-13 14:07 | 2026-07-16 13:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Lease Agreements Missing | Resolved-Received executed
lease as well as first months rent and security deposit - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached are the lease agreement and receipt of rent and security deposit. - Seller-07/XX/2026 Open-Missing - Rental agreement for subject property in the amount of $15,000.00 Per month along with verification of first months rent and security deposit. Additional findings may apply. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached are the lease agreement and receipt of rent and security deposit. -
Seller-07/XX/2026 |
Resolved-Received executed
lease as well as first months rent and security deposit - Due Diligence
Vendor-07/16/2026 |
Qualifying DTI below maximum
allowed - . Required is 50 Borrower has 18.55 Qualifying FICO score is at least 20 points above minimum for program - . Required is 700 Borrower has 752 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 193 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 330 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 358 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 379 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2026-07-07 07:50 | 2026-07-20 12:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received
verification bz is active and in good standing with most recent annual filing
04/XX/2026 - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached confirming the business is active as stated on the CPA letter. - Seller-07/XX/2026 Counter-Received CPA Letter and Business Narrative. Missing confirmation if business is in good standing. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-07/XX/2026 Open-Borrower 1 CPA Letter Missing . Missing the CPA Letter and Business Narrative confirming the borrower's percentage of ownership, how long the business has been in existence, what the business expense factor is and if the business is in good standing. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached confirming the business is active as stated on
the CPA letter. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-07/XX/2026 |
Resolved-Received
verification bz is active and in good standing with most recent annual filing
04/20/2026 - Due Diligence Vendor-07/20/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 680 Borrower has 781 Required is 680
Borrower has 781 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 43.28 Required is 50 Borrower has 43.28 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 336 | XX | XX | C | A | C | A | C | A | C | A | Closed | FCRE0108 | 2026-07-07 15:41 | 2026-08-31 16:08 | Resolved | 1 - Information | C | A | Credit | Insurance | XX Coverage not met | Resolved-The 1008
indicates this is a FNMA limited review.
XX coverage is not required. - Due Diligence Vendor-08/XX/2026 Ready for Review-The finding should be cleared. This is a 75% LTV primary residence condominium transaction in Florida that qualifies for a Limited Review under the applicable condominium project review requirements. Most importantly, XX/Crime (Employee Dishonesty) Insurance is not required for a Limited Review. Therefore, the requirement cited under Guideline 9.11.3 regarding XX/Crime coverage is not applicable to this transaction and should not be used as a condition of condominium project eligibility. The TPR counter states that the reviewer was unable to verify the percentage of budgeted reserves or whether there is pending litigation and requests additional information. However, the applicable Limited Review requirements should govern the documentation and eligibility requirements for this transaction. Requirements applicable to a different condominium review type should not be imposed on a loan that qualifies for Limited Review. Additionally, even if XX/Crime coverage were considered, the master insurance policy does provide Crime (Employee Theft) Insurance under Policy No. XX, effective 05/XX/2026 through 05/XX/2027, with $150,000 in coverage and a $500 deductible. Therefore, the assertion that no XX/Crime coverage exists is inaccurate. However, the existence or amount of XX/Crime coverage is not determinative because x/Crime coverage is not required for a Limited Review. This is a closed and funded loan, and the condominium project was reviewed under the applicable Limited Review requirements. The original finding regarding XX/Crime coverage is therefore not applicable to this transaction. If TPR is asserting that verification of budgeted reserves or pending litigation is separately required for this specific Limited Review transaction, please identify the applicable guideline provision establishing those requirements. Based on the applicable review type, the fact that XX/Crime coverage is not required for a Limited Review, and the insurance documentation contained in the file, the finding should be cleared. - Seller-08/XX/2026 Open-XX Coverage not met. Per guides Condominiums must meet agency eligibility and project requirements. FNMA requires XX /Crime insurance coverage. Provide XX coverage in the sum of three months of assessments on all units in the project. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-The
finding should be cleared. This is a 75% LTV primary residence condominium transaction in Florida that qualifies for a Limited Review under the applicable condominium project review requirements. Most importantly, XX/Crime (Employee Dishonesty) Insurance is not required for a Limited Review. Therefore, the requirement cited under Guideline 9.11.3 regarding XX/Crime coverage is not applicable to this transaction and should not be used as a condition of condominium project eligibility. The TPR counter states that the reviewer was unable to verify the percentage of budgeted reserves or whether there is pending litigation and requests additional information. However, the applicable Limited Review requirements should govern the documentation and eligibility requirements for this transaction. Requirements applicable to a different condominium review type should not be imposed on a loan that qualifies for Limited Review. Additionally, even if XX/Crime coverage were considered, the master insurance policy does provide Crime (Employee Theft) Insurance under Policy No. xx, effective 05/XX/2026 through 05/XX/2027, with $150,000 in coverage and a $500 deductible. Therefore, the assertion that no XX/Crime coverage exists is inaccurate. However, the existence or amount of XX/Crime coverage is not determinative because XX/Crime coverage is not required for a Limited Review. This is a closed and funded loan, and the condominium project was reviewed under the applicable Limited Review requirements. The original finding regarding XX/Crime coverage is therefore not applicable to this transaction. If TPR is asserting that verification of budgeted reserves or pending litigation is separately required for this specific Limited Review transaction, please identify the applicable guideline provision establishing those requirements. Based on the applicable review type, the fact that XX/Crime coverage is not required for a Limited Review, and the insurance documentation contained in the file, the finding should be cleared. - Seller-08/XX/2026 |
Resolved-The 1008 indicates
this is a FNMA limited review. XX
coverage is not required. - Due Diligence Vendor-08/31/2026 |
Qualifying DTI below maximum
allowed - Required is 80 Borrower has 35.42 LTV is less than guideline maximum - Required is 80 Borrower has 75 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 336 | XX | XX | C | A | C | A | C | A | C | A | Closed | FVAL2477 | 2026-07-07 15:38 | 2026-08-12 10:14 | Resolved | 1 - Information | C | A | Property | Appraisal | Appraisal incomplete (missing map, layout, pages, etc.) | Resolved-The appraisal
does not all of the required appraisal information. Appraiser states the condo information was
not available during normal course of business. The condo questionnaire reflects all of the
condo association information and supports the project meets guidelines. -
Due Diligence Vendor-08/XX/2026 Ready for Review-The finding should be reconsidered and cleared. Per Non-QM Section 9.1 – Appraisals, a full appraisal requires a complete inspection of the home, and for an individual condominium unit, the required appraisal form is the FNMA/FHLMC Individual Condominium Unit Appraisal Report, Form 1073/465. The subject property was appraised using the required Form 1073. The TPR counter states that the Project Information section was not completed and requests that the appraiser revise the report to reflect the number of phases, number of units, units sold, units for sale, etc. The appraiser indicated that the project data was not available at the time of the appraisal and could be completed once the information was obtained. However, the loan file contains a completed full condominium project review through which the condominium project information and eligibility were independently obtained, reviewed, and approved prior to closing. The project review documentation established the applicable project characteristics and information necessary for the condominium eligibility determination. Non-QM Section 9.1 identifies the required appraisal form for a condominium as Form 1073/465; it does not state that an incomplete Project Information section requires a revised appraisal or that the appraisal must independently establish condominium project eligibility when that eligibility has been separately reviewed and documented through the condominium project review process. The cited FNMA B4-1.2-01 provision should therefore be considered in conjunction with the actual Non-QM program requirements. The applicable Non-QM guideline requires the Form 1073/465 for a condominium appraisal, and that requirement was satisfied. The condominium project's eligibility was separately evaluated through the required project review process. This is a closed and funded Velvet XX Alt/FD 30-Year purchase – Primary Residence – Non-QM loan. The condominium project was reviewed and determined to meet the applicable eligibility requirements prior to closing. The incomplete project-information fields did not prevent the lender from obtaining and validating the project information necessary to make the underwriting decision. Accordingly, the issue identified is limited to project information not being populated within a specific section of the appraisal report. Since the required condominium appraisal form was used and the project information and eligibility were independently documented through the full condominium review, a revised appraisal would not change the underlying underwriting determination or project eligibility. Please reconsider the finding and clear the requirement for a revised appraisal. - Seller-08/XX/2026 Counter-No document provided. Review of appraisal did not reveal project information. Finding remains. Project Information section is not completed, Appraiser to revise report and reflect #XXs, #XX. Units for sale/sold etc. Appraiser stated was unable to obtain the project data and could be filled in at a later time one obtained. Per FNMA B4-1.2-01, For traditional appraisals of one-unit properties in condo projects based on interior and exterior property inspections. Appraisals reported on Form 1073 must be completed in accordance with the UAD Specification. - Due Diligence Vendor-07/XX/2026 Ready for Review-The finding should be cleared. The appraisal was completed on Form 1073 (Individual Condominium Unit Appraisal Report), and the condominium project eligibility was independently verified through the condominium full review documentation contained in the loan file. The condominium review confirms the project characteristics, including the total number of units, project composition, and occupancy information necessary to establish project eligibility. While the reviewer indicates that project information was not identified within the appraisal, the loan file contains the required condominium project review documentation supporting eligibility. The underwriting decision was based upon the complete project review package, not solely the appraisal report. This is a closed and funded loan. The condominium project met eligibility requirements and was approved through the full condominium review process. Any alleged omission within the appraisal report does not create a material underwriting deficiency, as the necessary project information was obtained, reviewed, and documented elsewhere in the file prior to closing. Accordingly, the request for a revised appraisal is not warranted, and the finding should be cleared. - Seller-07/XX/2026 Counter-No document provided. Review of appraisal did not reveal project information. Finding remains. - Due Diligence Vendor-07/XX/2026 Ready for Review-The request for a revised appraisal is not warranted. The Form 1073 – Individual Condominium Unit Appraisal Report provided discloses the project information, including that the condominium consists of 1 phase. Additionally, a complete condominium full review was provided, which confirms the project details, including a total of 90 units, with only 5 units identified as investor-owned. The required condominium project review documentation was obtained and reviewed as part of the underwriting process. This is a closed and funded loan file. The documentation provided supports the condominium project eligibility and requirements; therefore, the request for a revised appraisal is not applicable. Please review the provided Form 1073 and condominium full review documentation and clear the condition. - Seller-07/XX/2026 Open-Appraisal incomplete (missing map, layout, pages, etc.) The Project Completed data section is incomplete. Provide a Revised Appraisal with condo project data completed. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-The
finding should be reconsidered and cleared. Per Non-QM Section 9.1 – Appraisals, a full appraisal requires a complete inspection of the home, and for an individual condominium unit, the required appraisal form is the FNMA/FHLMC Individual Condominium Unit Appraisal Report, Form 1073/465. The subject property was appraised using the required Form 1073. The TPR counter states that the Project Information section was not completed and requests that the appraiser revise the report to reflect the number of phases, number of units, units sold, units for sale, etc. The appraiser indicated that the project data was not available at the time of the appraisal and could be completed once the information was obtained. However, the loan file contains a completed full condominium project review through which the condominium project information and eligibility were independently obtained, reviewed, and approved prior to closing. The project review documentation established the applicable project characteristics and information necessary for the condominium eligibility determination. Non-QM Section 9.1 identifies the required appraisal form for a condominium as Form 1073/465; it does not state that an incomplete Project Information section requires a revised appraisal or that the appraisal must independently establish condominium project eligibility when that eligibility has been separately reviewed and documented through the condominium project review process. The cited FNMA B4-1.2-01 provision should therefore be considered in conjunction with the actual Non-QM program requirements. The applicable Non-QM guideline requires the Form 1073/465 for a condominium appraisal, and that requirement was satisfied. The condominium project's eligibility was separately evaluated through the required project review process. This is a closed and funded XX Alt/FD 30-Year purchase – Primary Residence – Non-QM loan. The condominium project was reviewed and determined to meet the applicable eligibility requirements prior to closing. The incomplete project-information fields did not prevent the lender from obtaining and validating the project information necessary to make the underwriting decision. Accordingly, the issue identified is limited to project information not being populated within a specific section of the appraisal report. Since the required condominium appraisal form was used and the project information and eligibility were independently documented through the full condominium review, a revised appraisal would not change the underlying underwriting determination or project eligibility. Please reconsider the finding and clear the requirement for a revised appraisal. - Seller-08/XX/2026 Ready for Review-The finding should be cleared. The appraisal was completed on Form 1073 (Individual Condominium Unit Appraisal Report), and the condominium project eligibility was independently verified through the condominium full review documentation contained in the loan file. The condominium review confirms the project characteristics, including the total number of units, project composition, and occupancy information necessary to establish project eligibility. While the reviewer indicates that project information was not identified within the appraisal, the loan file contains the required condominium project review documentation supporting eligibility. The underwriting decision was based upon the complete project review package, not solely the appraisal report. This is a closed and funded loan. The condominium project met eligibility requirements and was approved through the full condominium review process. Any alleged omission within the appraisal report does not create a material underwriting deficiency, as the necessary project information was obtained, reviewed, and documented elsewhere in the file prior to closing. Accordingly, the request for a revised appraisal is not warranted, and the finding should be cleared. - Seller-07/XX/2026 Ready for Review-The request for a revised appraisal is not warranted. The Form 1073 – Individual Condominium Unit Appraisal Report provided discloses the project information, including that the condominium consists of 1 phase. Additionally, a complete condominium full review was provided, which confirms the project details, including a total of 90 units, with only 5 units identified as investor-owned. The required condominium project review documentation was obtained and reviewed as part of the underwriting process. This is a closed and funded loan file. The documentation provided supports the condominium project eligibility and requirements; therefore, the request for a revised appraisal is not applicable. Please review the provided Form 1073 and condominium full review documentation and clear the condition. - Seller-07/XX/2026 |
Resolved-The appraisal does
not all of the required appraisal information. Appraiser states the condo information was
not available during normal course of business. The condo questionnaire reflects all of the
condo association information and supports the project meets guidelines. -
Due Diligence Vendor-08/12/2026 |
Qualifying DTI below maximum
allowed - Required is 80 Borrower has 35.42 LTV is less than guideline maximum - Required is 80 Borrower has 75 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | |||
| 336 | XX | XX | C | A | C | A | C | A | C | A | Closed | finding-3436 | 2026-07-06 14:00 | 2026-07-10 09:07 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | GSE (Fannie Mae public guidelines) QM Points and Fees Test | Resolved-Upon further
review, the document(s) are located in original file, nothing further
required. - Due Diligence
Vendor-07/XX/2026 Ready for Review-This loan is NON-QM- What do you need here? - Seller-07/XX/2026 Open------Non-QM. - Due Diligence Vendor-07/XX/2026 Open-This loan failed the QM points and fees test. ( Fannie Mae Announcement 2013-06 )The loan is subject to the ability to repay requirements under Regulation Z, and the points and fees exceed 3% of the total loan amount.Mortgages subject to the ability to repay requirements under Regulation Z with points and fees exceeding 3% of the total loan amount will not be eligible for sale to Fannie Mae. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-This loan
is NON-QM- What do you need here? - Seller-07/XX/2026 |
Resolved-Upon further
review, the document(s) are located in original file, nothing further
required. - Due Diligence
Vendor-07/10/2026 |
Qualifying DTI below maximum
allowed - Required is 80 Borrower has 35.42 LTV is less than guideline maximum - Required is 80 Borrower has 75 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | |||
| 336 | XX | XX | C | A | C | A | C | A | C | A | Closed | finding-3441 | 2026-07-06 14:00 | 2026-07-10 09:07 | Resolved | 1 - Information | C | A | Compliance | Points & Fees | GSE (Freddie Mac public guidelines) QM Points and Fees Test | Resolved-Upon further
review, the document(s) are located in original file, nothing further
required. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. This loan is NON-QM- What do you need here? - Seller-07/XX/2026 Open------Non-QM. - Due Diligence Vendor-07/XX/2026 Open-This loan failed the QM points and fees test. ( Freddie Mac Bulletin 2013-16 )The loan is subject to the ability to repay requirements under Regulation Z, and the points and fees exceed 3% of the total loan amount.Mortgages subject to the ability to repay requirements under Regulation Z with points and fees exceeding 3% of the total loan amount will not be eligible for sale to Freddie Mac. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. This loan is NON-QM- What do you need here? - Seller-07/XX/2026 |
Resolved-Upon further
review, the document(s) are located in original file, nothing further
required. - Due Diligence
Vendor-07/10/2026 |
Qualifying DTI below maximum
allowed - Required is 80 Borrower has 35.42 LTV is less than guideline maximum - Required is 80 Borrower has 75 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 336 | XX | XX | C | A | C | A | C | A | C | A | Closed | finding-4038 | 2026-07-06 14:00 | 2026-07-10 09:07 | Resolved | 1 - Information | C | A | Compliance | ComplianceEase | Qualified Mortgage Lending Policy Points and Fees Test | Resolved-Upon further
review, the document(s) are located in original file, nothing further
required. - Due Diligence
Vendor-07/XX/2026 Ready for Review-This loan is NON-QM- What do you need here? - Seller-07/XX/2026 Open-This loan has points and fees that exceed the points and fees threshold. (12 CFR 1026.43(e)(3))The loan amount is $XX or more, and the transaction's total points and fees is $11,885.00, which exceeds 3 percent of the total loan amount of $XX; orThe loan amount is less than $XX but at least $82,775.00, and the transaction's total points and fees is $11,885.00, which exceeds $4,139.00; orThe loan amount is less than $82,775.00 but at least $27,592.00, and the transaction's total points and fees is $11,885.00, which exceeds 5 percent of the total loan amount of $XX; orThe loan amount is less than $27,592.00 but at least $17,245.00, and the transaction's total points and fees is $11,885.00, which exceeds $1,380.00; orThe loan amount is less than $17,245.00 and the transaction's total points and fees is $11,885.00, which exceeds 8 percent of the total loan amount of $XX. - Due Diligence Vendor-07/XX/2026 Open------Non-QM. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-This loan
is NON-QM- What do you need here? - Seller-07/XX/2026 |
Resolved-Upon further
review, the document(s) are located in original file, nothing further
required. - Due Diligence
Vendor-07/10/2026 |
Qualifying DTI below maximum
allowed - Required is 80 Borrower has 35.42 LTV is less than guideline maximum - Required is 80 Borrower has 75 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | |||
| 343 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | KY | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 338 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | GA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 282 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CT | Investment | purchase | NA | |||||||||||||||||||
| 335 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3352 | 2026-07-06 13:36 | 2026-07-08 09:13 | 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/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-07/08/2026 |
Verified employment history
exceeds guidelines - Borrower has ben self-employed for 10+ years. Qualifying DTI below maximum allowed - . Required is 50 Borrower has 32.25 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | GA | Primary Residence | purchase | NA | N/A | N/A | XX | ||||
| 420 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TN | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 361 | XX | XX | D | A | C | A | D | A | A | A | Closed | finding-3352 | 2026-07-06 15:44 | 2026-08-04 10:29 | 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/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-07/07/2026 |
Verified employment history
exceeds guidelines - Verified employment history exceeds guidelines by 5
years. Months Reserves exceed minimum required - Months reserves required is 6; qualifying reserves is 9.19 months. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||||
| 361 | XX | XX | D | A | C | A | D | A | A | A | Closed | FCRE1206 | 2026-07-07 13:28 | 2026-08-03 14:46 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received Fraud
Report with seller added, All Interested Parties Checked against Exclusionary
Lists - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. see the complete copy of the DV report - Seller-07/XX/2026 Counter-Received Loan Participant Analysis Sheet only. Missing complete Data Verify to confirm for subject transaction. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. see the attached participants page from the DV - Seller-07/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists for the seller. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. see the complete copy of the DV report - Seller-07/XX/2026 Ready for Review-Document Uploaded. see the attached participants page from the DV - Seller-07/XX/2026 |
Resolved-Received Fraud
Report with seller added, All Interested Parties Checked against Exclusionary
Lists - Due Diligence Vendor-08/03/2026 |
Verified employment history
exceeds guidelines - Verified employment history exceeds guidelines by 5
years. Months Reserves exceed minimum required - Months reserves required is 6; qualifying reserves is 9.19 months. |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 361 | XX | XX | D | A | C | A | D | A | A | A | Closed | FCRE1205 | 2026-07-07 13:28 | 2026-08-03 14:46 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received Fraud
Report, seller was added and OFAC Check Completed and Cleared - Due Diligence
Vendor-08/XX/2026 Ready for Review-Document Uploaded. See the full copy of the DV report - Seller-07/XX/2026 Counter-Received Loan Participant Analysis Sheet only. Missing complete Data Verify to confirm for subject transaction. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. see the attached participants page from the DV - Seller-07/XX/2026 Open-OFAC Check Not Completed and/or Cleared for the Seller. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See the full copy of the DV report
- Seller-07/XX/2026 Ready for Review-Document Uploaded. see the attached participants page from the DV - Seller-07/XX/2026 |
Resolved-Received Fraud
Report, seller was added and OFAC Check Completed and Cleared - Due Diligence
Vendor-08/03/2026 |
Verified employment history
exceeds guidelines - Verified employment history exceeds guidelines by 5
years. Months Reserves exceed minimum required - Months reserves required is 6; qualifying reserves is 9.19 months. |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 361 | XX | XX | D | A | C | A | D | A | A | A | Closed | FCOM4227 | 2026-07-06 16:12 | 2026-07-10 09:32 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-Received copy of
seller's CD. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. see the attached document - Seller-07/XX/2026 Open-The Final SELLER CD is missing - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. see the attached document -
Seller-07/XX/2026 |
Resolved-Received copy of
seller's CD. Finding Resolved. - Due Diligence Vendor-07/10/2026 |
Verified employment history
exceeds guidelines - Verified employment history exceeds guidelines by 5
years. Months Reserves exceed minimum required - Months reserves required is 6; qualifying reserves is 9.19 months. |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 422 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCOM8972 | 2026-07-07 11:36 | 2026-07-09 14:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Deed of Trust Riders | Resolved-Received Deed of
Trust with Legal Description and all applicable riders. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached Deed with Riders - Seller-07/XX/2026 Open-1-4 Rider and Prepayment Rider are missing from file. Provide missing riders. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached Deed with Riders - Seller-07/XX/2026 |
Resolved-Received Deed of
Trust with Legal Description and all applicable riders. - Due Diligence
Vendor-07/09/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Minimum required FICO is 680;
Borrower has 760. Required is 680 Borrower has 760 DSCR =/> 1.00 and minimum is 0.85 or Less - Minimum calculated DSCR allowed is .75%; Borrower calculated DSCR is 1.003%. Required is 0.75 Borrower has 1.003 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 422 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2026-07-06 14:17 | 2026-07-09 14:14 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Deed of
Trust with Legal Description and all applicable riders. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see deed with legal description - Seller-07/XX/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal description with mortgage. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see deed with legal description - Seller-07/XX/2026 |
Resolved-Received Deed of
Trust with Legal Description and all applicable riders. - Due Diligence
Vendor-07/09/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Minimum required FICO is 680;
Borrower has 760. Required is 680 Borrower has 760 DSCR =/> 1.00 and minimum is 0.85 or Less - Minimum calculated DSCR allowed is .75%; Borrower calculated DSCR is 1.003%. Required is 0.75 Borrower has 1.003 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 419 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TN | Investment | purchase | NA | |||||||||||||||||||
| 182 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE7009 | 2026-07-07 11:49 | 2026-07-09 14:01 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Received HOI and
Email from insured confirming coverage. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please refer to page 5 of the attached. - Seller-07/XX/2026 Open-Insufficient Coverage Amount for Insured Subject Property. Missing RCE to confirm adequate coverage. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please refer to page 5 of the attached. - Seller-07/XX/2026 |
Resolved-Received HOI and
Email from insured confirming coverage. - Due Diligence Vendor-07/09/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
769 LTV is less than guideline maximum - Required is 65 Borrower has 59.42 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 377 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | |||||||||||||||||||
| 311 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2026-07-06 14:59 | 2026-07-10 14:23 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete
security instrument inclusive of riders and legal description. - Due
Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-07/XX/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Deed of Trust is Prepayment Penalty Rider. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached - Seller-07/XX/2026 |
Resolved-Received complete
security instrument inclusive of riders and legal description. - Due
Diligence Vendor-07/10/2026 |
LTV is less than guideline
maximum - Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50 Borrower has 21.87 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 796 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 353 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 400 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE8701 | 2026-07-07 11:33 | 2026-07-09 14:06 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received proof of
EIN. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Open-The Business Entity Formation Document is Missing. Business Entity Formation Document is Missing - Missing LLC Documents and EIN Number. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-07/XX/2026 |
Resolved-Received proof of
EIN. - Due Diligence Vendor-07/09/2026 |
Credit history exceeds
minimum required - No mortgage lates on report. Months Reserves exceed minimum required - Months Reserves exceed minimum required . |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 416 | XX | XX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | |||||||||||||||||||
| 173 | XX | XX | D | A | A | A | D | A | A | A | Closed | FCOM1225 | 2026-07-07 11:36 | 2026-07-10 08:02 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Second Home Rider is Missing | Resolved-Received copy of
2nd home rider. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. attached is the missing document - Seller-07/XX/2026 Open-Second Home Rider is Missing Second Home Rider is missing - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. attached is the missing document
- Seller-07/XX/2026 |
Resolved-Received copy of
2nd home rider. Finding Resolved. - Due Diligence Vendor-07/10/2026 |
LTV is less than guideline
maximum - Required is 85 Borrower has 72.13 Qualifying DTI below maximum allowed - Required is 50 Borrower has 0.54 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 748 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Second Home | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 201 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 324 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | MO | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 265 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 326 | XX | XX | C | A | A | A | C | A | A | A | Closed | FCOM1354 | 2026-07-07 10:20 | 2026-07-20 10:31 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Right to Cancel Transaction Date is less than 3 business days prior to the Disclosure Cancel Date | Resolved-Received
re-opened rescission ROR and LOE to borrower. Finding Resolved. - Due
Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. - Seller-07/XX/2026 Counter-As July 4th fell on a Saturday, July 3 is considered the Holiday, so the 3 business day would have been 07/XX/20263 - Due Diligence Vendor-07/XX/2026 Ready for Review-The loan closed on June 30, and it is a transaction subject to the 3-business-day right of rescission (such as many owner-occupied refinance loans), the rescission period is generally calculated as follows: • Closing (consummation): June 30 (not counted) • Business Day 1: July 1 • Business Day 2: July 2 • Business Day 3: July 3 The right of rescission expires at midnight on July 3, assuming: The loan would typically be eligible to fund/disburse on July 4, although if July 4 is a federal holiday, funding would generally occur on the next business day. - Seller-07/XX/2026 Open-Right to Cancel Transaction Date is '06-30-2026' but the Disclosure Cancel Date entered is '07-03-2026'. Please verify that the correct dates have been entered (Number of Business Days Difference is '2'). The Cancel of Date on the Right to Cancel doc is 07/XX/2026 and is less than three days from the closing date of 06/XX/2026. Three days of Rescission was not provided to borrower. Provide evidence that rescission was re-opened for a full three days. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. - Seller-07/XX/2026 Ready for Review-The loan closed on June 30, and it is a transaction subject to the 3-business-day right of rescission (such as many owner-occupied refinance loans), the rescission period is generally calculated as follows: • Closing (consummation): June 30 (not counted) • Business Day 1: July 1 • Business Day 2: July 2 • Business Day 3: July 3 The right of rescission expires at midnight on July 3, assuming: The loan would typically be eligible to fund/disburse on July 4, although if July 4 is a federal holiday, funding would generally occur on the next business day. - Seller-07/XX/2026 |
Resolved-Received re-opened
rescission ROR and LOE to borrower. Finding Resolved. - Due Diligence
Vendor-07/20/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has 741
Required is 700 Borrower has 741 Long term residence - Borrower has resided at subject primary for 2.5 years. |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 351 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE0105 | 2026-07-07 15:25 | 2026-08-24 11:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | Condo Structural Reports not in file | Resolved-Per the
guidelines they require an attestation from the HOA in regards to the
required structural inspections and that no other documentation is required -
Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. The additional inspection-company documentation requested by TPR is not required under the applicable Section 9.11 – Condo Projects guideline. Section 9.11 specifically provides that for California and Florida condominium projects, the required documentation regarding structural inspections is an attestation from the HOA regarding the required structural inspections. The file contains the HOA attestation confirming that no structural safety issues were identified. This satisfies the documentation requirement specified under Section 9.11. The guideline does not require a separate cover letter from the inspection company, inspection-company certification, or a copy of the structural inspection report when the required HOA attestation has been provided. Accordingly, TPR's request for a separate letter directly from the inspection company confirming that the inspection was completed and that no structural/safety issues or required repairs exist is not supported by the applicable Section 9.11 requirement. Please review the provided HOA attestation against Section 9.11 and reconsider the finding. No additional inspection-company documentation should be required where the guideline specifically permits the HOA attestation as the required evidence for California and Florida condominium projects. We respectfully request that the condition be cleared. - Seller-08/XX/2026 Counter-Please provide evidence from the inspection company reflecting the inspection was done and confirmation there are no structural/safety issues or if they need repairs done. A cover letter from inspection company that is detailed stating there are no issues and the inspection was completed would suffice. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Attached is the HOA email confirming no structural safety issues were found. - Seller-08/XX/2026 Open-The file does not contain the required structural engineer report per state law. Missing copy of the Structural Integrity Reserve Study. Upon receipt additional information maybe required. Bldg is 3 stories and was built 46 years ago. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The additional inspection-company documentation requested by TPR is
not required under the applicable Section 9.11 – Condo Projects guideline. Section 9.11 specifically provides that for California and Florida condominium projects, the required documentation regarding structural inspections is an attestation from the HOA regarding the required structural inspections. The file contains the HOA attestation confirming that no structural safety issues were identified. This satisfies the documentation requirement specified under Section 9.11. The guideline does not require a separate cover letter from the inspection company, inspection-company certification, or a copy of the structural inspection report when the required HOA attestation has been provided. Accordingly, TPR's request for a separate letter directly from the inspection company confirming that the inspection was completed and that no structural/safety issues or required repairs exist is not supported by the applicable Section 9.11 requirement. Please review the provided HOA attestation against Section 9.11 and reconsider the finding. No additional inspection-company documentation should be required where the guideline specifically permits the HOA attestation as the required evidence for California and Florida condominium projects. We respectfully request that the condition be cleared. - Seller-08/XX/2026 Ready for Review-Document Uploaded. Attached is the HOA email confirming no structural safety issues were found. - Seller-08/XX/2026 |
Resolved-Per the guidelines
they require an attestation from the HOA in regards to the required
structural inspections and that no other documentation is required - Due
Diligence Vendor-08/24/2026 |
Long term residence - VOR
shows history of on-time payments since 6/22/2000. Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 640 Borrower has 790 Required is 660 Borrower has 790 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 351 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE9996 | 2026-07-07 15:38 | 2026-08-13 13:23 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo does not meet requirements | Waived-Originator
exception granted to allow Mandatory Membership to third party owned
recreational facilities not allowed. Non-material waiver applied to finding
with compensating factors. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Attached is the approved exception request - Seller-08/XX/2026 Open-Exception Request: Mandatory Membership to third party owned recreational facilities, XX not allowed. Seeking an exception to allow Mandatory Membership to third party owned recreational facilities, XX. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the approved exception request - Seller-08/XX/2026 |
Waived-Originator exception
granted to allow Mandatory Membership to third party owned recreational
facilities not allowed. Non-material waiver applied to finding with
compensating factors. - Due Diligence Vendor-08/13/2026 |
Long term residence - VOR
shows history of on-time payments since 6/22/2000. Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 640 Borrower has 790 Required is 660 Borrower has 790 |
Comp Factors: - FICO 80 points above min - LTV 5% below max |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | Originator Post-Close | Yes | XX | |
| 351 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE1206 | 2026-07-07 15:14 | 2026-08-13 13:17 | 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-08/XX/2026
Ready for Review-Document Uploaded. Document Uploaded. Attached is the Final DV with updated LPA, OFAC for settlement agent - XX - no results, SAM.GOV settlement agent XXshows another XX in XX, FL but our settlement agent XX doe not have a B initial -for middle name and address is in XX, Fl. No match. - Seller-08/XX/2026 Counter-Received Loan Participant Analysis page only. Provide complete Fraud report with all participants to confirm Fraud Report is for subject transaction. - Due Diligence Vendor-07/XX/2026 Ready for Review-Attached is the updated Final DV with LPA. - Seller-07/XX/2026 Ready for Review-Document Uploaded. - Seller-07/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists. This includes the Seller(s), Real Estate Agent(s) and Settlement Agent(s). Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Document Uploaded. Attached is the Final DV with updated LPA, OFAC
for settlement agent - XX - no results, SAM.GOV settlement agent XX shows
another XX in XX, FL but our settlement agent XX doe not have a B initial -for
middle name and address is in XX, Fl. No match. - Seller-08/XX/2026 Ready for Review-Attached is the updated Final DV with LPA. - Seller-07/XX/2026 Ready for Review-Document Uploaded. - Seller-07/XX/2026 |
Resolved-All Interested
Parties Checked against Exclusionary Lists - Due Diligence
Vendor-08/13/2026 |
Long term residence - VOR
shows history of on-time payments since 6/22/2000. Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 640 Borrower has 790 Required is 660 Borrower has 790 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 351 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE1205 | 2026-07-07 15:14 | 2026-08-13 13:17 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-OFAC Check
Completed and Cleared - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Attached is the Final DV with updated LPA, OFAC for settlement agent - XX - no results, SAM.GOV settlement agent XX shows another XX in XX, FL but our settlement agent XX doe not have a B initial -for middle name and address is in XX, Fl. No match. - Seller-08/XX/2026 Counter-Received Loan Participant Analysis page only. Provide complete Fraud report with all participants to confirm Fraud Report is for subject transaction. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the updated Final DV with updated LPA showing O matches for OFAC - Seller-07/XX/2026 Open-OFAC Check Not Completed and/or Cleared All Interested Parties Not Checked with OFAC Lists. This includes the Seller(s), Real Estate Agent(s) and Settlement Agent(s). Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the Final DV with updated LPA, OFAC for settlement
agent - XX - no results, SAM.GOV settlement agent XX shows another XX in XX,
FL but our settlement agent XX doe not have a B initial -for middle name and
address is in XX, Fl. No match. -
Seller-08/XX/2026 Ready for Review-Document Uploaded. Attached is the updated Final DV with updated LPA showing O matches for OFAC - Seller-07/XX/2026 |
Resolved-OFAC Check
Completed and Cleared - Due Diligence Vendor-08/13/2026 |
Long term residence - VOR
shows history of on-time payments since 6/22/2000. Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 640 Borrower has 790 Required is 660 Borrower has 790 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 231 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 235 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE6910 | 2026-07-08 07:33 | 2026-07-10 14:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Received Borrower
797 request, Receipt Notice, and Green
Card. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The request for additional identification documentation is not warranted. The borrower’s Permanent Resident Card (Green Card) expired on 06/XX/2026; however, the file contains the Form I-797 Notice of Action issued by the U.S. Citizenship and Immigration Services (USCIS). The I-797 reflects that USCIS received the borrower’s Petition to Remove Conditions on Residence on 04/XX/2026, with a notice date of 04/XX/2026. This notice serves as confirmation of the timely filed petition and provides an extension of the borrower’s conditional permanent resident status while the petition is pending. The required documentation evidencing the borrower’s continued laXXul permanent resident status was provided in the file. This is a closed and funded loan file. Please review the I-797 Notice of Action provided and clear the finding. - Seller-07/XX/2026 Open-Borrower 1 Non-US Citizen Identification Document is Missing Green card is expired with no proof of extension. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The request for additional identification documentation is not
warranted. The borrower’s Permanent Resident Card (Green Card) expired on
06/XX/2026; however, the file contains the Form I-797 Notice of Action issued
by the U.S. Citizenship and Immigration Services (USCIS). The I-797 reflects that USCIS received the borrower’s Petition to Remove Conditions on Residence on 04/XX/2026, with a notice date of 04/XX/2026. This notice serves as confirmation of the timely filed petition and provides an extension of the borrower’s conditional permanent resident status while the petition is pending. The required documentation evidencing the borrower’s continued laXXul permanent resident status was provided in the file. This is a closed and funded loan file. Please review the I-797 Notice of Action provided and clear the finding. - Seller-07/XX/2026 |
Resolved-Received Borrower
797 request, Receipt Notice, and Green
Card. - Due Diligence Vendor-07/10/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has
27.52 Qualifying FICO score is at least 20 points above minimum for program - FICO Required is 700 Borrower has 730. Required is 700 Borrower has 730 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | N/A | N/A | XX | ||
| 359 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE0179 | 2026-07-07 18:21 | 2026-07-30 09:34 | Resolved | 1 - Information | C | A | Credit | Eligibility | UW Attestation/Docs stating warrantability are missing | Resolved-1008 provided
with attestation. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. See the updated attached 1008 with condo warranty - Seller-07/XX/2026 Counter-Received rebuttal. Missing UW attestation confirming warranty type. 1008 received reflects Limited Review with CPM ID. Please clarify warranty type meeting guideline 9.11 - Due Diligence Vendor-07/XX/2026 Ready for Review-The condo desk reviewed all documentation uploaded in the loan and signed off on the condition in XX. The guidelines do not require for the loan file to contain an attestation from the UW. - Seller-07/XX/2026 Open-UW Attestation/Docs stating warrantability are missing. Missing the UW Attestation/Docs stating warrantability. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See the updated attached 1008 with condo warranty - Seller-07/XX/2026 Ready for Review-The condo desk reviewed all documentation uploaded in the loan and signed off on the condition in XX. The guidelines do not require for the loan file to contain an attestation from the UW. - Seller-07/XX/2026 |
Resolved-1008 provided with
attestation. - Due Diligence Vendor-07/30/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 660 Borrower has 791 Required is 660
Borrower has 791 LTV is less than guideline maximum - Max LTV is 85 Borrower has 61.48 Required is 85 Borrower has 61.48 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 39.21 Required is 50 Borrower has 39.21 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 359 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE1506 | 2026-07-07 18:30 | 2026-07-13 12:03 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received lease
and proof of 2 months rent received - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The 2/mo rents receipt have been provided with not ATR fail - Seller-07/XX/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing proof of the Lease and receipt of 2 months rent and security deposit for property 3a. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The 2/mo rents receipt have been provided with not ATR fail - Seller-07/XX/2026 |
Resolved-Received lease and
proof of 2 months rent received - Due Diligence Vendor-07/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 660 Borrower has 791 Required is 660
Borrower has 791 LTV is less than guideline maximum - Max LTV is 85 Borrower has 61.48 Required is 85 Borrower has 61.48 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 39.21 Required is 50 Borrower has 39.21 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 359 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE1345 | 2026-07-08 08:05 | 2026-07-13 12:00 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Lease Agreements Missing | Resolved-Received lease
and evidence of 2 months rents received. - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Attached is the Lease Agreement for XX (new and previous) - 2/mo rents receipt - Seller-07/XX/2026 Open-Borrower 1 Lease Agreements Missing Missing proof of the Lease and receipt of 2 months rent for property 3a. If property was recently converted to a rental, proof of security deposit is also required. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the Lease Agreement for XX (new and previous) - 2/mo
rents receipt - Seller-07/XX/2026 |
Resolved-Received lease and
evidence of 2 months rents received. - Due Diligence Vendor-07/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 660 Borrower has 791 Required is 660
Borrower has 791 LTV is less than guideline maximum - Max LTV is 85 Borrower has 61.48 Required is 85 Borrower has 61.48 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 39.21 Required is 50 Borrower has 39.21 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 359 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCOM1221 | 2026-07-07 17:22 | 2026-07-13 11:54 | Resolved | 1 - Information | C | A | Credit | Closing | The Deed of Trust is Incomplete | Resolved-Received complete
security instrument inclusive of legal description. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. see the attached document - deed of trust with exhibit A - Seller-07/XX/2026 Open-The Deed of Trust is Incomplete Missing the Exhibit A/ Legal Description to the Mortgage Deed of Trust. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. see the attached document - deed of trust with exhibit A - Seller-07/XX/2026 |
Resolved-Received complete
security instrument inclusive of legal description. - Due Diligence
Vendor-07/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 660 Borrower has 791 Required is 660
Borrower has 791 LTV is less than guideline maximum - Max LTV is 85 Borrower has 61.48 Required is 85 Borrower has 61.48 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 39.21 Required is 50 Borrower has 39.21 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 359 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3540 | 2026-07-07 13:38 | 2026-07-10 11:58 | 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/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-07/XX/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"UXX 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 07/XX/2026 is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is 07/XX/2029 - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached - Seller-07/XX/2026 |
Resolved-Received document
tracking. Finding Resolved. - Due Diligence Vendor-07/10/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 660 Borrower has 791 Required is 660
Borrower has 791 LTV is less than guideline maximum - Max LTV is 85 Borrower has 61.48 Required is 85 Borrower has 61.48 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 39.21 Required is 50 Borrower has 39.21 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 367 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3652 | 2026-07-07 11:47 | 2026-07-09 07:39 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received
explanation that lender credit decreased with lock COC, lender credit not
listed on COC. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The lender credit went from $666 to $17 due to the float to lock- please see attached - Seller-07/XX/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 ($17.25) does not exceed or equal the comparable sum of specific and non-specific lender credits ($666.00). 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 $666 to $17.25 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $648.75, 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 08/XX/2026 (2) within 60 days of discovery expires 09/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 07/XX/2029 remains EV3C. COC In file does not specify lender credit decrease. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The lender credit went from $666 to $17 due to the float to lock-
please see attached - Seller-07/XX/2026 |
Resolved-Received
explanation that lender credit decreased with lock COC, lender credit not
listed on COC. Finding Resolved. - Due Diligence Vendor-07/09/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - .Required is 720 Borrower has 754
Required is 720 Borrower has 754 LTV is less than guideline maximum - . Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - . Required is 50.49 Borrower has 37.12 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 390 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE7569 | 2026-07-08 11:45 | 2026-08-03 13:25 | Resolved | 1 - Information | C | A | Credit | Debt | Mortgage history for primary residence less than 12 months | Resolved-Received copy of
Note for primary referencing NBS /co-trustee only signed note and
verification 12 0x30 on primary by 3rd party.
CBR in file reflects 56 0x30 - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. see the copy of the Note that reflects only the borrower's spouse on the loan. - Seller-07/XX/2026 Counter-Received property report reflecting property vested in trust name, same vesting as subject property, as well as mortgage statement reflecting mailed to spouse/co-trustee, However unable to verify whether borrower is obligated to the Note and payments without verifying how is note signed. Condition remains. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The borrower is on title to property but is not obligated on the mortgage. Attached is the property profile to verify the borrower is on title. plus, the mortgage statement, which confirm that the mortgage with XX is the responsibility of a third party, - Seller-07/XX/2026 Open-Property 3e (Primary): Mortgage does not report to credit, provide pay history. (1003 indicates mortgage held with XX vs XX Mtg (statement in file), discrepancy. If borrower is not obligated on loan, provide evidence. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. see the copy of the Note that reflects only the borrower's spouse
on the loan. - Seller-07/XX/2026 Ready for Review-Document Uploaded. The borrower is on title to property but is not obligated on the mortgage. Attached is the property profile to verify the borrower is on title. plus, the mortgage statement, which confirm that the mortgage with XX is the responsibility of a third party, - Seller-07/XX/2026 |
Resolved-Received copy of
Note for primary referencing NBS /co-trustee only signed note and
verification 12 0x30 on primary by 3rd party.
CBR in file reflects 56 0x30 - Due Diligence Vendor-08/03/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 37.55 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 780 LTV is less than guideline maximum - Required is 80 Borrower has 65 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 390 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-07-08 11:17 | 2026-08-03 13:24 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Lender provided a
property profile and the mortgage statement for REO 3b which confirm that the
mortgage with XX, including the past-due balance, is the responsibility of a
third party. The property profile reflects that the borrower executed a quitclaim
deed to the XX on December XX, 2023. The deed of trust for the current
outstanding lien was recorded on the same date. This documentation provides
sufficient evidence that the borrower is not obligated on the XX mortgage. -
Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The borrower is on title to the property but is not obligated on the mortgage. Attached are the property profile and the mortgage statement, which confirm that the mortgage with XX, including the past-due balance, is the responsibility of a third party. I have attached a more detailed property profile reflecting that the borrower's spouse executed a quitclaim deed to the borrower on December XX 2023. The deed of trust for the current outstanding lien was recorded on the same date. This documentation provides sufficient evidence that the borrower is not obligated on the XX mortgage. - Seller-07/XX/2026 Counter-Received property report reflecting property vested in trust name, same vesting as subject property, as well as mortgage statement reflecting mailed to spouse/co-trustee, However unable to verify whether borrower is obligated to the Note and payments without verifying how is note signed. Condition remains. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The borrower is on title to the property but is not obligated on the mortgage. Attached are the property profile and the mortgage statement, which confirm that the mortgage with XX is the responsibility of a third party, including the past-due balance. - Seller-07/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Property 3b: XX Mtg Statement shows overdue payments totaling $XX. Provide verification that account is current or is not borrower's responsibility. (Per Guides (4.6), For all properties, the mortgage must be rated within 45 days of the application date. Loan does not report to credit, statement is in the name of non-borrower). - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The borrower is on title to the property but is not obligated on
the mortgage. Attached are the property profile and the mortgage statement,
which confirm that the mortgage with XX, including the past-due balance, is the
responsibility of a third party. I have attached a more detailed property profile reflecting that the borrower's spouse executed a quitclaim deed to the borrower on December XX, 2023. The deed of trust for the current outstanding lien was recorded on the same date. This documentation provides sufficient evidence that the borrower is not obligated on the XX mortgage. - Seller-07/XX/2026 Ready for Review-Document Uploaded. The borrower is on title to the property but is not obligated on the mortgage. Attached are the property profile and the mortgage statement, which confirm that the mortgage with XX is the responsibility of a third party, including the past-due balance. - Seller-07/XX/2026 |
Resolved-Lender provided a
property profile and the mortgage statement for REO 3b which confirm that the
mortgage with XX, including the past-due balance, is the responsibility of a
third party. The property profile reflects that the borrower executed a quitclaim
deed to the NBS on December XX, 2023. The deed of trust for the current
outstanding lien was recorded on the same date. This documentation provides
sufficient evidence that the borrower is not obligated on the XX mortgage. -
Due Diligence Vendor-07/30/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 37.55 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 780 LTV is less than guideline maximum - Required is 80 Borrower has 65 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 354 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2026-07-08 09:39 | 2026-07-30 09:48 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-After further
review, a VOE is not required on a 1099 borrower. - Due Diligence
Vendor-07/XX/2026 Ready for Review-The borrower was qualified using 1099 income loan program with a one-year income history. The applicable guidelines for 1099 income do not require a third-party VVOE to be completed prior to closing. The loan file is only required to contain the necessary two months of bank statements to support the calculation of the 1099 income average, less the applicable 10% expense factor. Plus, at the same time the most recent 2/mo bank statement supports the continuance of the 1099 income used to qualify. - Seller-07/XX/2026 Counter-Received XX. Unable to determine date of document. Body of document indicate "The entity is scheduled to expire on Decebler 31,2025.". Note date is 7/XX/26. Finding remains. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The borrower was qualified as a 1099 employee. The guidelines do not indicate that a third-party Verification of Employment (VVOE) is required. Instead, they require the borrower's income to be supported by the two most recent months of bank statements, which have been uploaded. Additionally, the Secretary of State business registration has been provided to verify that the borrower's business remains active. - Seller-07/XX/2026 Open-Borrower 1 3rd Party VOE Prior to Close Missing Provide Missing 3 Party VVOE. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-The
borrower was qualified using 1099 income loan program with a one-year income
history. The applicable guidelines for 1099 income do not require a
third-party VVOE to be completed prior to closing. The loan file is only
required to contain the necessary two months of bank statements to support
the calculation of the 1099 income average, less the applicable 10% expense
factor. Plus, at the same time the most recent 2/mo bank statement supports the continuance of the 1099 income used to qualify. - Seller-07/XX/2026 Ready for Review-Document Uploaded. The borrower was qualified as a 1099 employee. The guidelines do not indicate that a third-party Verification of Employment (VVOE) is required. Instead, they require the borrower's income to be supported by the two most recent months of bank statements, which have been uploaded. Additionally, the Secretary of State business registration has been provided to verify that the borrower's business remains active. - Seller-07/XX/2026 |
Resolved-After further
review, a VOE is not required on a 1099 borrower. - Due Diligence
Vendor-07/30/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - FICO Required is 680 Borrower has
783. Required is 680 Borrower has 783 LTV is less than guideline maximum - LTV Required is 90% Borrower has 79.50%. Required is 90 Borrower has 80 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | WA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 398 | XX | XX | 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 | $XX | CA | Primary Residence | purchase | NA | |||||||||||||||||||
| 376 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | GA | Investment | purchase | NA | |||||||||||||||||||
| 409 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 344 | XX | XX | D | A | D | A | C | A | C | A | Closed | FCRE1492 | 2026-07-08 13:17 | 2026-07-24 07:29 | Resolved | 1 - Information | C | A | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Resolved-This is a
purchase transaction with gift of equity. the $XX is minimal cash back to
borrower. - Due Diligence Vendor-07/XX/2026 Ready for Review-The finding is not valid. This transaction is not structured as a cash-out refinance or a transaction where the borrower received proceeds from the Gift of Equity. The borrower received a $387,500 Gift of Equity, which was applied toward the purchase transaction as permitted. The transaction details are as follows: Loan Amount: $XX Seller Credit: $XX Gift of Equity: $387,500 Total Due From Borrower: $XX Total Paid on Behalf of Borrower at Closing: $XX Cash to Borrower: $XX Closing Costs Paid at Closing: $XX The $XX reflected as cash to borrower on the Final Closing Disclosure represents a minor settlement reconciliation/overage resulting from the application of seller credits and funds disbursed at closing. It does not represent proceeds from the Gift of Equity, borrower cash contribution, or an impermissible cash-out amount. The borrower did not receive funds from the equity gift; rather, the gift was fully applied toward the purchase transaction. The remaining $XX is a nominal excess amount created by the final closing figures and is not a loan proceeds disbursement or cash-out transaction. Accordingly, the finding that the Gift of Equity was exceeded is not supported, as the Gift of Equity amount did not exceed the required contribution toward the transaction. The final CD reflects the proper application of funds, seller credit, and gift funds, with the small cash-to-borrower amount representing a closing adjustment only. Please review and clear this finding. - Seller-07/XX/2026 Open-Cash Out Does Not Meet Guideline Requirements 100% Gift of Equity is exceeded with cash back on Final CD of $XX, not allowed. (Borrower made no down payment) - Due Diligence Vendor-07/XX/2026 |
Ready for Review-The
finding is not valid. This transaction is not structured as a cash-out
refinance or a transaction where the borrower received proceeds from the Gift
of Equity. The borrower received a $387,500 Gift of Equity, which was applied
toward the purchase transaction as permitted. The transaction details are as follows: Loan Amount: $XX Seller Credit: $XX Gift of Equity: $387,500 Total Due From Borrower: $XX Total Paid on Behalf of Borrower at Closing: $XX Cash to Borrower: $XX Closing Costs Paid at Closing: $XX The $XX reflected as cash to borrower on the Final Closing Disclosure represents a minor settlement reconciliation/overage resulting from the application of seller credits and funds disbursed at closing. It does not represent proceeds from the Gift of Equity, borrower cash contribution, or an impermissible cash-out amount. The borrower did not receive funds from the equity gift; rather, the gift was fully applied toward the purchase transaction. The remaining $XX is a nominal excess amount created by the final closing figures and is not a loan proceeds disbursement or cash-out transaction. Accordingly, the finding that the Gift of Equity was exceeded is not supported, as the Gift of Equity amount did not exceed the required contribution toward the transaction. The final CD reflects the proper application of funds, seller credit, and gift funds, with the small cash-to-borrower amount representing a closing adjustment only. Please review and clear this finding. - Seller-07/XX/2026 |
Resolved-This is a purchase
transaction with gift of equity. the $XX is minimal cash back to borrower. -
Due Diligence Vendor-07/24/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
772 LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 18.21 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | |||
| 344 | XX | XX | D | A | D | A | C | A | C | A | Closed | FCRE1248 | 2026-07-08 12:39 | 2026-07-24 07:28 | Resolved | 1 - Information | C | A | Credit | Eligibility | Non-Arm's Length Transactions Not Allowed for Program | Resolved-Received payoff
dated 6/7 which expires 7/2 which is less than 30 days of interest - Due
Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The finding is not supported. The payoff demand provided was dated 06/XX/2026 and reflects the existing mortgage payoff information, including an unpaid principal balance of $246,181.32. The demand expires on 07/XX/2026, which is the actual funding date of the transaction. The payoff demand was obtained prior to closing (06/XX/2026) and remained valid through funding (07/XX/2026). The document confirms the payoff amount and demonstrates that the existing mortgage was current and eligible for payoff. The payoff demand does not exceed one month of interest as referenced in the initial finding. The payoff was valid through the funding date and satisfies the requirement to verify non-default status under Cup XX guideline 3.5. - Seller-07/XX/2026 Counter-Received Mortgage Payoff dated 6/XX/2026, however the quoted interest is thru 7/XX/2026 which is over 30 days of interest. Please provide same document with a maximum of 30 days interest per initial finding. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the payoff demand that shows mortgage is current. - Seller-07/XX/2026 Counter-Received rebuttal. Review was completed under the Cup XX program. Missing proof of non-default on any existing Seller mortgage(s) is required. (Acceptable documentation includes a VOM, the most recent mortgage statement, or a payoff demand not exceeding one (1) month of interest). Must meet guidelines 3.5. - Due Diligence Vendor-07/XX/2026 Ready for Review-The finding is not valid. The applicable program for this transaction is Cup XX Alt FD 30-Year – 12 Months CPA P&L. A review of the applicable Cup XX guidelines and matrix does not contain a provision stating that non-arm’s length transactions are prohibited under this program. The referenced requirement that non-arm’s length transactions are not allowed is not supported by the applicable program guidelines. The XX Guide Section 4.0 and the Cup XX Matrix do not include a restriction prohibiting non-arm’s length transactions or requiring additional documentation based solely on a non-arm’s length relationship. Therefore, the request for proof of non-default on an existing seller mortgage related to a non-arm’s length transaction is not applicable under the program utilized for this loan. This is a closed and funded loan file. The loan was underwritten in accordance with the applicable Cup XX Alt FD 30-Year – 12 Months CPA P&L guidelines. Please review the program guidelines and clear the condition. - Seller-07/XX/2026 Open-Non-Arm's Length Transactions Not Allowed for Program Proof of non-default on any existing Seller mortgage(s) is required. (Acceptable documentation includes a VOM, the most recent mortgage statement, or a payoff demand not exceeding one (1) month of interest). - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The finding is not
supported. The payoff demand provided was dated 06/XX/2026 and reflects the
existing mortgage payoff information, including an unpaid principal balance
of $246,181.32. The demand expires on 07/XX/2026, which is the actual funding
date of the transaction. The payoff demand was obtained prior to closing (06/XX/2026) and remained valid through funding (07/XX/2026). The document confirms the payoff amount and demonstrates that the existing mortgage was current and eligible for payoff. The payoff demand does not exceed one month of interest as referenced in the initial finding. The payoff was valid through the funding date and satisfies the requirement to verify non-default status under XX guideline 3.5. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Attached is the payoff demand that shows mortgage is current. - Seller-07/XX/2026 Ready for Review-The finding is not valid. The applicable program for this transaction is XX Alt FD 30-Year – 12 Months CPA P&L. A review of the applicable XX guidelines and matrix does not contain a provision stating that non-arm’s length transactions are prohibited under this program. The referenced requirement that non-arm’s length transactions are not allowed is not supported by the applicable program guidelines. The XX Guide Section 4.0 and the XX Matrix do not include a restriction prohibiting non-arm’s length transactions or requiring additional documentation based solely on a non-arm’s length relationship. Therefore, the request for proof of non-default on an existing seller mortgage related to a non-arm’s length transaction is not applicable under the program utilized for this loan. This is a closed and funded loan file. The loan was underwritten in accordance with the applicable XX Alt FD 30-Year – 12 Months CPA P&L guidelines. Please review the program guidelines and clear the condition. - Seller-07/XX/2026 |
Resolved-Received payoff
dated 6/7 which expires 7/2 which is less than 30 days of interest - Due
Diligence Vendor-07/24/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
772 LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 18.21 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 344 | XX | XX | D | A | D | A | C | A | C | A | Closed | FCRE0185 | 2026-07-08 22:56 | 2026-07-16 14:08 | Resolved | 1 - Information | C | A | Property | Value | Loan missing Desk Review as required per Guidelines | Resolved-Received updated
CDA and is within 10% tolerance - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The finding is not valid. The CDA/desk review reflects a value of $XX with an effective date of 05/XX/2026. The appraisal report reflects an appraised value (AV) of $XX as of 05/XX/2026 and was signed on 05/XX/2026. The variance between the CDA value and the appraised value is approximately 6.5%. The CDA was reviewed during the underwriting process and did not identify any deficiencies with the appraisal report, including no concerns regarding the appraiser’s methodology, comparable selection, adjustments, property condition, marketability, or overall support for the concluded value. The variance between the CDA and appraisal value does not indicate that the appraisal was unsupported or requires correction. The appraisal report was the valuation product relied upon for final underwriting approval. The appraised value of $XXwas supported by the appraisal analysis and was used on the 1008 and approval documents to determine eligibility and loan terms. The approved loan amount was calculated using the appraised value, and the transaction was approved within program parameters. The request to provide a corrected desk review confirming review of the $XX value is not warranted. The CDA already reflects the valuation review performed, and the 6.5% variance between the CDA and appraisal does not represent a material discrepancy or appraisal deficiency requiring additional action. This is a closed and funded loan file. The appraisal, CDA, and underwriting documentation support the final approval decision. No further documentation or corrective action is required. - Seller-07/XX/2026 Counter-Received rebuttal. Desk review reflects CDA value $XX with 0.0% variance with appraisal report dated 5/XX and signed 5/XX. Appraisal received, dated 5/XXsigned 5/XX,reflects market opinion of value of $1,550,000. Approval, 1008 reflect value of $XX Provide, correct desk review confirming review of value $1,550,000 - Due Diligence Vendor-07/XX/2026 Ready for Review-The finding is not valid. The file contains both the appraisal report and the CDA, and the valuation discrepancy was reviewed during underwriting. The appraisal report reflects an appraised value of $XX as of 05/XX/2026, and the CDA reflects a value of $XX as of 05/XX/2026. The approved loan amount of $XX was calculated using the appraised value, resulting in a 75.00% LTV. The CDA did not identify any deficiencies with the appraisal report, property condition, marketability, comparable selection, or other appraisal-related concerns. The difference in value appears to be attributable to the CDA utilizing the income approach methodology, while the appraisal report considered all applicable valuation approaches and provided the final reconciled opinion of value. Additionally, this transaction was reviewed as a non-arm’s-length purchase with a disclosed gift of equity of $356,250 and a 6% seller credit, all of which were disclosed and considered during underwriting. The appraisal supported the purchase transaction and collateral value used for loan approval. The appraisal was the valuation product relied upon for final underwriting approval, and the loan was approved within program parameters based on the supported appraised value. This is a closed and funded loan file. Please review the appraisal report, CDA, and underwriting analysis provided in the file. The valuation documentation supports the final loan approval, and no additional conditions are warranted. - Seller-07/XX/2026 Open-Desk review in file value does not match appraisal in file. It appears desk review took the value from the income approach. All other information matches. Additional conditions may apply. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The finding is not valid. The CDA/desk review reflects a value of
$XXwith an effective date of 05/XX/2026. The appraisal report reflects an
appraised value (AV) of $XX as of 05/XX/2026 and was signed on 05/XX/2026.
The variance between the CDA value and the appraised value is approximately
6.5%. The CDA was reviewed during the underwriting process and did not identify any deficiencies with the appraisal report, including no concerns regarding the appraiser’s methodology, comparable selection, adjustments, property condition, marketability, or overall support for the concluded value. The variance between the CDA and appraisal value does not indicate that the appraisal was unsupported or requires correction. The appraisal report was the valuation product relied upon for final underwriting approval. The appraised value of $XX was supported by the appraisal analysis and was used on the 1008 and approval documents to determine eligibility and loan terms. The approved loan amount was calculated using the appraised value, and the transaction was approved within program parameters. The request to provide a corrected desk review confirming review of the $XXvalue is not warranted. The CDA already reflects the valuation review performed, and the 6.5% variance between the CDA and appraisal does not represent a material discrepancy or appraisal deficiency requiring additional action. This is a closed and funded loan file. The appraisal, CDA, and underwriting documentation support the final approval decision. No further documentation or corrective action is required. - Seller-07/XX/2026 Ready for Review-The finding is not valid. The file contains both the appraisal report and the CDA, and the valuation discrepancy was reviewed during underwriting. The appraisal report reflects an appraised value of $XX as of 05/XX/2026, and the CDA reflects a value of $XX as of 05/XX/2026. The approved loan amount of $XX was calculated using the appraised value, resulting in a 75.00% LTV. The CDA did not identify any deficiencies with the appraisal report, property condition, marketability, comparable selection, or other appraisal-related concerns. The difference in value appears to be attributable to the CDA utilizing the income approach methodology, while the appraisal report considered all applicable valuation approaches and provided the final reconciled opinion of value. Additionally, this transaction was reviewed as a non-arm’s-length purchase with a disclosed gift of equity of $356,250 and a 6% seller credit, all of which were disclosed and considered during underwriting. The appraisal supported the purchase transaction and collateral value used for loan approval. The appraisal was the valuation product relied upon for final underwriting approval, and the loan was approved within program parameters based on the supported appraised value. This is a closed and funded loan file. Please review the appraisal report, CDA, and underwriting analysis provided in the file. The valuation documentation supports the final loan approval, and no additional conditions are warranted. - Seller-07/XX/2026 |
Resolved-Received updated
CDA and is within 10% tolerance - Due Diligence Vendor-07/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
772 LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 18.21 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 344 | XX | XX | D | A | D | A | C | A | C | A | Closed | FCRE1964 | 2026-07-08 23:12 | 2026-07-16 13:47 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing income documentation | Resolved-Received 1003 and
1008 removing Alimony income as it is not used to qualify - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached are the updated PC 1003 and PC 1008. Please note that the alimony income was removed. - Seller-07/XX/2026 Open-Alimony was included on the final 1003 and 1008 but docs not provided. Verify if this income source was used. If so, provide needed docs to support. Additional findings may apply. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached are the updated PC 1003 and PC 1008. Please note that the
alimony income was removed. - Seller-07/XX/2026 |
Resolved-Received 1003 and
1008 removing Alimony income as it is not used to qualify - Due Diligence
Vendor-07/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
772 LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 18.21 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 344 | XX | XX | D | A | D | A | C | A | C | A | Closed | finding-3634 | 2026-07-07 13:38 | 2026-07-10 14:16 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received COC for
increase in fees. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The loan amount changed from $XX to $XX causing the BPC to change from $29,391 to $31,968 See attached - Seller-07/XX/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 $2,577.75.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 $2577.75 (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 $2577.75, 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 08/XX/2026 (2) within 60 days of discovery expires 09/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The loan amount changed from $XX to $XX causing the BPC to change
from $29,391 to $31,968 See attached - Seller-07/XX/2026 |
Resolved-Received COC for
increase in fees. Finding Resolved. - Due Diligence Vendor-07/10/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
772 LTV is less than guideline maximum - Required is 80 Borrower has 75 Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 18.21 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 303 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1145 | 2026-07-08 11:40 | 2026-07-10 11:23 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document Missing | Resolved-Received title
commitment, chain of title satisfied by exhibit A reflecting same property
acquired by b1 and nbs on 03/XX/2017 - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the Title Commitment. - Seller-07/XX/2026 Open-Title Document is missing Provide missing Title. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the Title Commitment. - Seller-07/XX/2026 |
Resolved-Received title
commitment, chain of title satisfied by exhibit A reflecting same property
acquired by b1 and nbs on 03/09/2017 - Due Diligence Vendor-07/10/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - FICo Required is 680 Borrower has
788. Required is 680 Borrower has 788 Qualifying DTI below maximum allowed - DTI Required is 50.49% Borrower has 34.71%. Required is 50.49 Borrower has 34.71 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | LA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 303 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1148 | 2026-07-08 11:40 | 2026-07-10 11:23 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received title
commitment reflecting Title Coverage Amount of $XX - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the Title Commitment that shows Proposed Amount of Insurance o $XX which matches our loan amount. - Seller-07/XX/2026 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Title missing - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the Title Commitment that shows Proposed Amount of
Insurance o $XX which matches our loan amount. - Seller-07/XX/2026 |
Resolved-Received title
commitment reflecting Title Coverage Amount of $XX- Due Diligence
Vendor-07/10/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - FICo Required is 680 Borrower has
788. Required is 680 Borrower has 788 Qualifying DTI below maximum allowed - DTI Required is 50.49% Borrower has 34.71%. Required is 50.49 Borrower has 34.71 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | LA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 303 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1151 | 2026-07-08 14:29 | 2026-07-10 11:23 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Received title
commitment, chain of title satisfied by exhibit A reflecting same property
acquired by b1 and nbs on 03/XX/2017 - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. We respectfully disagree with this finding. The title commitment was provided in the loan file and contains the necessary title information to verify ownership and vesting. The Commitment for Title Insurance – Louisiana 2021 ALTA Form, issued by XX through XX, LLC, reflects the following: Property Address: XX, XX, LA XX Commitment Date: 06/XX/2026 Loan Policy Proposed Insured: XX XX ., its successors and/or assigns Estate or Interest Insured: Fee Simple Current Vesting: Title is vested in XX and XX, as disclosed in the public records, and has been vested since XX. The title commitment provides evidence of the ownership history and confirms the current vested owners of record. The applicable Schedule A and related title commitment pages were included in the file and provide the required title verification. This is a closed and funded loan, and the title commitment obtained from the licensed title company adequately verifies the chain of title and ownership interest. Accordingly, we respectfully request that this finding be cleared. - Seller-07/XX/2026 Open-Unsatisfactory Chain of Title provided. Title missing at initial review - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. We respectfully disagree with this finding. The title commitment
was provided in the loan file and contains the necessary title information to
verify ownership and vesting. The Commitment for Title Insurance – Louisiana 2021 ALTA Form, issued by XX Company through XX, reflects the following: Property Address: XX XX, LA X Commitment Date: 06/XX/2026 Loan Policy Proposed Insured: XX, its successors and/or assigns Estate or Interest Insured: Fee Simple Current Vesting: Title is vested in XX and XX, as disclosed in the public records, and has been vested since 03/XX/2017. The title commitment provides evidence of the ownership history and confirms the current vested owners of record. The applicable Schedule A and related title commitment pages were included in the file and provide the required title verification. This is a closed and funded loan, and the title commitment obtained from the licensed title company adequately verifies the chain of title and ownership interest. Accordingly, we respectfully request that this finding be cleared. - Seller-07/XX/2026 |
Resolved-Received title
commitment, chain of title satisfied by exhibit A reflecting same property
acquired by b1 and nbs on 03/09/2017 - Due Diligence Vendor-07/10/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - FICo Required is 680 Borrower has
788. Required is 680 Borrower has 788 Qualifying DTI below maximum allowed - DTI Required is 50.49% Borrower has 34.71%. Required is 50.49 Borrower has 34.71 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | LA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 219 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | |||||||||||||||||||
| 374 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | VA | Investment | purchase | NA | |||||||||||||||||||
| 410 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-07-08 04:36 | 2026-08-12 13:42 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Complete prior
housing history provided and rent free letter for current housing. - Due
Diligence Vendor-08/XX/2026 Ready for Review-The borrower currently resides at XX rent-free, and a rent-free letter has been provided to document the arrangement. Prior to moving to XX, the borrower resided at XXas her primary residence. The property is now being retained as an investment property. The mortgage for XX is currently serviced by XX, account ending in #XXd reflects payment history from 04/2023 through 05/2026. The loan was previously serviced by XX, account ending in #XXis mortgage is also reflected on page 2 of the credit report. The loan file contains sufficient documentation to address and clear the cited issue. Please escalate the cited issue to management given that this is an aged loan over 30+ days. - Seller-08/XX/2026 Counter-Received Rent Free letter for primary residence. Upon reviewing the credit supplement, XX is for the borrowers rental property. Supplement shows loan opened 4/2023 however only provided a 10 month review period. Missing the additional 2 months to satisfy the condition. Finding remains. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. attached is the borrower's rent-free letter with property profile. - Seller-07/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Acceptable housing history requires evidence of housing payments for at least the prior 12 months, meeting XX DSCR program requirements. For DSCR, housing history verification is limited to the borrower's primary residence and the subject property (for refinance transactions). Missing verification of rent/rent free letter for borrower living rent free at current residence. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-The
borrower currently resides at XX rent-free, and a rent-free letter has been
provided to document the arrangement. Prior to moving to XX, the borrower resided at XX as her primary residence. The property is now being retained as an investment property. The mortgage for XX is currently serviced by XX, account ending in #XXand reflects payment history from 04/2023 through 05/2026. The loan was previously serviced by XXX, account ending in #XXThis mortgage is also reflected on page 2 of the credit report. The loan file contains sufficient documentation to address and clear the cited issue. Please escalate the cited issue to management given that this is an aged loan over 30+ days. - Seller-08/XX/2026 Ready for Review-Document Uploaded. attached is the borrower's rent-free letter with property profile. - Seller-07/XX/2026 |
Resolved-Complete prior
housing history provided and rent free letter for current housing. - Due
Diligence Vendor-08/12/2026 |
Months Reserves exceed
minimum required - Months reserves required is 3; qualifying reserves is 31.9
months. DSCR =/> 1.00 and minimum is 0.85 or Less - 1.131 DSCR, .8 min |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 352 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1205 | 2026-07-08 18:21 | 2026-09-02 18:00 | 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-09/XX/2026 Ready for Review-Checked SAM.gov - The listing real estate office (XX) did not show up on any lists. Also, please review the Watchlist Match Report on the Drive Report. The companies listed are not a match. Please clear. - Seller-09/XX/2026 Counter-Received Fraud report with GSA-EPLS alerts for Listing Agent. Finding remains. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. See attached Drive Report with OFAC Check Completed/Cleared for Seller. - Seller-07/XX/2026 Open-OFAC Check Not Completed and/or Cleared for the Seller. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Checked
SAM.gov - The listing real estate
office (XX) did not show up on any lists. Also, please review the Watchlist
Match Report on the Drive Report. The companies listed are not a match.
Please clear. - Seller-09/XX/2026 Ready for Review-Document Uploaded. See attached Drive Report with OFAC Check Completed/Cleared for Seller. - Seller-07/XX/2026 |
Resolved-Received Fraud
Report with / OFAC Check Completed and Cleared - Due Diligence
Vendor-09/02/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
778 LTV is less than guideline maximum - Required is 80 Borrower has 70 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Second Home | purchase | NA | N/A | N/A | XX | ||
| 401 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | |||||||||||||||||||
| 218 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2026-07-08 11:33 | 2026-07-13 13:24 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Per Matrix
Overlays, reduced reserves are eligible with 5% CLTV reduction - Due
Diligence Vendor-07/XX/2026 Ready for Review-The X XX XX dated 04/XX/26 permits a reduction in reserve requirements when the LTV is reduced by 5%, allowing for a three-month reduction in required reserves. The maximum allowable LTV for this transaction was 80%. Since the subject property was delivered with a 60% LTV, the loan qualified for the reduced reserve requirement and was permitted to be delivered with three months of cash reserves instead of the standard six months. - Seller-07/XX/2026 Open-Audited Reserves of 4.81 month(s) are less than Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-07/XX/2026 |
Ready for Review-The XX
dated 04/XX/26 permits a reduction in reserve requirements when the LTV is
reduced by 5%, allowing for a three-month reduction in required reserves. The
maximum allowable LTV for this transaction was 80%. Since the subject property
was delivered with a 60% LTV, the loan qualified for the reduced reserve
requirement and was permitted to be delivered with three months of cash
reserves instead of the standard six months. - Seller-07/XX/2026 |
Resolved-Per Matrix
Overlays, reduced reserves are eligible with 5% CLTV reduction - Due
Diligence Vendor-07/13/2026 |
LTV is less than guideline
maximum - Required is 75 Borrower has 60 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 802 DSCR % greater than 1.20 - DSCR min is 0.75, borrower has 1.37 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | |||
| 389 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | |||||||||||||||||||
| 320 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3352 | 2026-07-08 10:13 | 2026-07-23 10:23 | 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/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-07/10/2026 |
Credit history exceeds
minimum required - > 2 years Qualifying DTI below maximum allowed - Required is 43 Borrower has 32.73 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | MN | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||||
| 320 | XX | XX | C | A | A | A | C | A | A | A | Closed | FCOM1354 | 2026-07-08 09:43 | 2026-07-21 08:23 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Right to Cancel Transaction Date is less than 3 business days prior to the Disclosure Cancel Date | Resolved-Received copy of
NTRC re-opening recission period with proof of sent to borrower. Finding
Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. - Seller-07/XX/2026 Open-Right to Cancel Transaction Date is '06-30-2026' but the Disclosure Cancel Date entered is '07-03-2026'. Please verify that the correct dates have been entered (Number of Business Days Difference is '2'). The Cancel of Date on the Right to Cancel doc is 07/XX/2026 and is less than three days from the closing date of 06/XX/2026. Three days of Rescission was not provided to borrower. Provide evidence that rescission was re-opened for a full three days. UW note 07.09.2026: Loan disbursed 07.06.2026 - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. - Seller-07/XX/2026 |
Resolved-Received copy of
NTRC re-opening recission period with proof of sent to borrower. Finding
Resolved. - Due Diligence Vendor-07/21/2026 |
Credit history exceeds
minimum required - > 2 years Qualifying DTI below maximum allowed - Required is 43 Borrower has 32.73 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | MN | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 320 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2026-07-08 10:13 | 2026-07-15 09:18 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received PCCD
07/XX/2026 correcting fee location. Finding Resolved. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. See attached. Fee was in the wrong block - Seller-07/XX/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 $200.00.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 $200.00 (Disbursement 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 $200.00, 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 08/XX/2026 (2) within 60 days of discovery expires 09/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 06/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached. Fee was in the wrong block - Seller-07/XX/2026 |
Resolved-Received PCCD
07/14/2026 correcting fee location. Finding Resolved. - Due Diligence
Vendor-07/15/2026 |
Credit history exceeds
minimum required - > 2 years Qualifying DTI below maximum allowed - Required is 43 Borrower has 32.73 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | MN | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 220 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE2393 | 2026-07-08 17:06 | 2026-07-14 11:22 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing an established escrow impound account for taxes and insurance. | Resolved-Received
documents supporting properties 3k and 3m are vacant lots; no hoi required,
no evidence of HOA, property tax reflected in QI. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see the attached Property Detail Reports for XX l as both properties are vacant lots. - Seller-07/XX/2026 Open-1. Property 3k: Missing verification of property taxes (F&C, no HOI, no HOA). 2. Property 3m: Missing verification of property taxes (F&C, no HOI, no HOA). - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see the attached Property Detail Reports for XX as both
properties are vacant lots. - Seller-07/XX/2026 |
Resolved-Received documents
supporting properties 3k and 3m are vacant lots; no hoi required, no evidence
of HOA, property tax reflected in QI. - Due Diligence Vendor-07/14/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
765 LTV is less than guideline maximum - Required is 75 Borrower has 63.16 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Second Home | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 220 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3939 | 2026-07-08 11:35 | 2026-07-13 10:33 | Resolved | 1 - Information | C | A | Compliance | ComplianceEase | TRID Rate Lock Disclosure Delivery Date Test | Resolved-Received
explanation LE date not changed, time stamp on bottom of LE is 06/XX/2026.
Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. See attached. The loan was locked on 6/11 and disclosed on 6/12. The LE date was not changed on the LE when the re-disclosure was done. See the date stamp at the bottom of the LE shows 6/12. I have also attached the lock - Seller-07/XX/2026 Ready for Review-Document Uploaded. Document uploaded. Please see attached LE audit trail. - Seller-07/XX/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 06/XX/2026, 06/XX/2026 and 06/XX/2026. -----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 07/XX/2029. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached. The loan was locked on 6/11 and disclosed on 6/12.
The LE date was not changed on the LE when the re-disclosure was done. See
the date stamp at the bottom of the LE shows 6/12. I have also attached the
lock - Seller-07/XX/2026 Ready for Review-Document Uploaded. Document uploaded. Please see attached LE audit trail. - Seller-07/XX/2026 |
Resolved-Received
explanation LE date not changed, time stamp on bottom of LE is 06/12/2026.
Finding Resolved. - Due Diligence Vendor-07/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
765 LTV is less than guideline maximum - Required is 75 Borrower has 63.16 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Second Home | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 220 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3634 | 2026-07-08 11:35 | 2026-07-13 10:33 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received
explanation of LE. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. A cure of $780 was done at closing. The points increased to $750 due to the float to lock- see attached - Seller-07/XX/2026 Ready for Review-Document Uploaded. Document Uploaded. Please see attached LE audit trail. - Seller-07/XX/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 $1,155.00.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 $1155.00 (Points, Appraisal, 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 $375.00. Lender Credit on Final CD issued for $780 for increase in fees above legal limit, 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 08/XX/2026 (2) within 60 days of discovery expires 09/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 07/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. A cure of $780 was done at closing. The points increased to $750 due to the float to lock- see attached - Seller-07/XX/2026 Ready for Review-Document Uploaded. Document Uploaded. Please see attached LE audit trail. - Seller-07/XX/2026 |
Resolved-Received
explanation of LE. Finding Resolved. - Due Diligence Vendor-07/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 660 Borrower has
765 LTV is less than guideline maximum - Required is 75 Borrower has 63.16 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Second Home | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 241 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE7532 | 2026-07-08 17:20 | 2026-08-20 08:35 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Qualifying Credit Score does not meet eligibility requirement(s) | Waived-Originator
exception granted, waiver applied with comp factors. - Due Diligence
Vendor-07/XX/2026 Open-Credit report provided reflects a mid score of 721 but was pulled using a SS#XX. Approved exception to use the referenced credit report and 721 FICO score in qualifying. - Due Diligence Vendor-07/XX/2026 |
Waived-Originator exception
granted, waiver applied with comp factors. - Due Diligence
Vendor-07/08/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Minimum required FICO is 660;
Borrower has 721. Required is 660 Borrower has 721 Months Reserves exceed minimum required - 9 months reserves; 6 months reserves required. |
Mortgage history 0x30x40 months | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XX | |||
| 241 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE0970 | 2026-07-08 17:07 | 2026-08-13 14:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Appraisal has issues (credit) | Resolved-Corrected
appraisal was provided. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. - Seller-08/XX/2026 Ready for Review-Document Uploaded. The finding is not valid. This transaction is a cash-out refinance of an investment property under the DSCR program. The subject property is not the borrower’s primary residence and is not intended to be owner occupied. The existing appraisal, Form 1004, specifically reflects “Tenant” under the Occupant section of the report. Therefore, the appraisal already confirms that the subject property is tenant occupied and does not identify the subject as owner occupied. The borrower’s residence information reported on the 1003 is a separate matter from the occupancy status of the subject property. The 1003 reflects the borrower’s actual primary residence in XX, Turkey. That information does not change the fact that the subject property being refinanced is an investment property occupied by a tenant. Accordingly, a revised appraisal is not necessary. The existing appraisal already documents the required occupancy status of the subject property as Tenant, which is consistent with this DSCR cash-out refinance transaction. This is a closed and funded loan file, and the documentation in the file supports the subject property as a tenant-occupied investment property. Please review the Occupant section of the appraisal and clear the finding. - Seller-08/XX/2026 Counter-Please provide a revised Appraisal confirming tenant occupied as subject loan is a DSCR and the current appraisal states owner occupied. - Due Diligence Vendor-07/XX/2026 Ready for Review-The finding is not valid. The subject loan is a DSCR refinance transaction, and the borrower’s primary residence is not the subject property. The borrower’s current residence reflected on the 1003 is an apartment located in XX, Turkey, which is outside of the United States. The borrower is a non-permanent resident alien, and the 1003 accurately reflects the borrower’s reported primary residence information. The borrower’s residence status cannot be changed from Owner to Tenant unless the borrower is actually renting the residence. The borrower’s ownership status of their primary residence is separate from the occupancy classification of the subject property being refinanced under the DSCR program. The request for a corrected 1003 reflecting the borrower as a tenant is therefore not supported by the information provided in the file. This is a closed and funded loan file. The 1003 accurately reflects the borrower’s disclosed residence information at the time of application. Please review and clear the condition. - Seller-07/XX/2026 Open-Please provide corrected 1003 page 1 that reflects the Occupant as Tenant. The subject loan is a DSCR refinance and the Occupant is listed as owner. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. - Seller-08/XX/2026 Ready for Review-Document Uploaded. The finding is not valid. This transaction is a cash-out refinance of an investment property under the DSCR program. The subject property is not the borrower’s primary residence and is not intended to be owner occupied. The existing appraisal, Form 1004, specifically reflects “Tenant” under the Occupant section of the report. Therefore, the appraisal already confirms that the subject property is tenant occupied and does not identify the subject as owner occupied. The borrower’s residence information reported on the 1003 is a separate matter from the occupancy status of the subject property. The 1003 reflects the borrower’s actual primary residence in XX, Turkey. That information does not change the fact that the subject property being refinanced is an investment property occupied by a tenant. Accordingly, a revised appraisal is not necessary. The existing appraisal already documents the required occupancy status of the subject property as Tenant, which is consistent with this DSCR cash-out refinance transaction. This is a closed and funded loan file, and the documentation in the file supports the subject property as a tenant-occupied investment property. Please review the Occupant section of the appraisal and clear the finding. - Seller-08/XX/2026 Ready for Review-The finding is not valid. The subject loan is a DSCR refinance transaction, and the borrower’s primary residence is not the subject property. The borrower’s current residence reflected on the 1003 is an apartment located in XX, Turkey, which is outside of the United States. The borrower is a non-permanent resident alien, and the 1003 accurately reflects the borrower’s reported primary residence information. The borrower’s residence status cannot be changed from Owner to Tenant unless the borrower is actually renting the residence. The borrower’s ownership status of their primary residence is separate from the occupancy classification of the subject property being refinanced under the DSCR program. The request for a corrected 1003 reflecting the borrower as a tenant is therefore not supported by the information provided in the file. This is a closed and funded loan file. The 1003 accurately reflects the borrower’s disclosed residence information at the time of application. Please review and clear the condition. - Seller-07/XX/2026 |
Resolved-Corrected appraisal
was provided. - Due Diligence Vendor-08/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Minimum required FICO is 660;
Borrower has 721. Required is 660 Borrower has 721 Months Reserves exceed minimum required - 9 months reserves; 6 months reserves required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 241 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE7009 | 2026-07-08 11:59 | 2026-07-13 15:08 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Received FL
checklist coverage. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The finding is not valid. This loan is secured by a Florida property, and the request for a Residential Cost Estimator (RCE) is not applicable. Florida Statute § 626.9551(1)(e) restricts a lender from requiring an insurance agent or agency to provide the insurer’s proprietary replacement cost estimator (RCE) or other proprietary underwriting information as a condition of extending credit secured by real property. The loan file contains the required Hazard Insurance Checklist of Coverage, which was provided, reviewed, and accepted during the underwriting process. The checklist is the applicable documentation used to evaluate the hazard insurance coverage for this Florida property and confirms the insurance review was completed in accordance with the lender’s requirements. The appraisal’s cost new of $400,600 does not create a requirement for an RCE, as the insurer’s replacement cost calculation is proprietary underwriting information and is not required to be provided by the insurance carrier or agent. The lender reviewed the available hazard insurance documentation, including the Hazard Insurance Checklist of Coverage, and determined the policy met the applicable requirements. This is a closed and funded loan file. The hazard insurance documentation was reviewed and approved prior to closing. Please review the Hazard Insurance Checklist of Coverage contained in the file and remove this condition, as the request for an RCE is not applicable for this Florida transaction. - Seller-07/XX/2026 Open-Insufficient Coverage Amount for Insured Subject Property. The Hazard Insurance coverage of $XX is not sufficient. Loan amount is $XX. Cost new on appraisal provided is $400,600. No RCE provided. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The finding is not valid. This loan is secured by a Florida
property, and the request for a Residential Cost Estimator (RCE) is not
applicable. Florida Statute § 626.9551(1)(e) restricts a lender from requiring an insurance agent or agency to provide the insurer’s proprietary replacement cost estimator (RCE) or other proprietary underwriting information as a condition of extending credit secured by real property. The loan file contains the required Hazard Insurance Checklist of Coverage, which was provided, reviewed, and accepted during the underwriting process. The checklist is the applicable documentation used to evaluate the hazard insurance coverage for this Florida property and confirms the insurance review was completed in accordance with the lender’s requirements. The appraisal’s cost new of $400,600 does not create a requirement for an RCE, as the insurer’s replacement cost calculation is proprietary underwriting information and is not required to be provided by the insurance carrier or agent. The lender reviewed the available hazard insurance documentation, including the Hazard Insurance Checklist of Coverage, and determined the policy met the applicable requirements. This is a closed and funded loan file. The hazard insurance documentation was reviewed and approved prior to closing. Please review the Hazard Insurance Checklist of Coverage contained in the file and remove this condition, as the request for an RCE is not applicable for this Florida transaction. - Seller-07/XX/2026 |
Resolved-Received FL
checklist coverage. - Due Diligence Vendor-07/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Minimum required FICO is 660;
Borrower has 721. Required is 660 Borrower has 721 Months Reserves exceed minimum required - 9 months reserves; 6 months reserves required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 241 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE6910 | 2026-07-08 12:10 | 2026-07-13 15:03 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Received VISA -
Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attach is the borrower's visa. - Seller-07/XX/2026 Open-Borrower 1 Non-US Citizen Identification Document is Missing Borrower is foreign national. Visa or other acceptable documentation not provided. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attach is the borrower's visa. - Seller-07/XX/2026 |
Resolved-Received VISA - Due
Diligence Vendor-07/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Minimum required FICO is 660;
Borrower has 721. Required is 660 Borrower has 721 Months Reserves exceed minimum required - 9 months reserves; 6 months reserves required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 241 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE6019 | 2026-07-08 17:23 | 2026-07-13 15:01 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Received VISA -
Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the borrower's VIsa - Seller-07/XX/2026 Open-Borrower Citizenship Documentation Is Missing Please provide passport or other acceptable documentation to confirm borrower's citizenship. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the borrower's VIsa - Seller-07/XX/2026 |
Resolved-Received VISA - Due
Diligence Vendor-07/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Minimum required FICO is 660;
Borrower has 721. Required is 660 Borrower has 721 Months Reserves exceed minimum required - 9 months reserves; 6 months reserves required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 241 | XX | XX | D | B | D | B | A | A | A | A | Closed | FCRE0045 | 2026-07-08 12:17 | 2026-07-13 14:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Foreign National/Non Perm resident alien but ACH form is not in file | Resolved-Received ACH. -
Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the ACH Form. - Seller-07/XX/2026 Open-Foreign National but the ACH form is Missing from file. Provide the ACH. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the ACH Form. - Seller-07/XX/2026 |
Resolved-Received ACH. - Due
Diligence Vendor-07/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Minimum required FICO is 660;
Borrower has 721. Required is 660 Borrower has 721 Months Reserves exceed minimum required - 9 months reserves; 6 months reserves required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 242 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE7009 | 2026-07-08 12:09 | 2026-07-10 13:26 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Received email
chain from insurance company confirming the policy has RC coverage. Updated
LM. This condition is resolved - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. This is a closed and funded loan. Attached is the hazard insurance policy documentation, along with written confirmation from the insurance carrier stating that the policy provides 100% Replacement Cost coverage on the dwelling on page 30. The policy declarations page reflects the applicable policy information and identifies the Checklist of Coverage as one of the policy forms and endorsements associated with the policy. While the Checklist of Coverage itself was not included in the documentation provided for review, the insurance carrier's written confirmation verifies that the dwelling coverage is based on 100% Replacement Cost coverage. Additionally, the subject property is located in Florida, and the carrier has confirmed that the dwelling coverage provided is based on replacement cost and is not required to equal the loan amount. Based on the hazard insurance documentation and carrier confirmation contained in the loan file, adequate coverage was verified at the time of closing. We respectfully request that this finding be cleared. - Seller-07/XX/2026 Open-Insufficient Coverage Amount for Insured Subject Property. HOI does not cover loan amount and RCE was not provided. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. This is a closed and funded
loan. Attached is the hazard insurance policy documentation, along with
written confirmation from the insurance carrier stating that the policy
provides 100% Replacement Cost coverage on the dwelling on page 30. The policy declarations page reflects the applicable policy information and identifies the Checklist of Coverage as one of the policy forms and endorsements associated with the policy. While the Checklist of Coverage itself was not included in the documentation provided for review, the insurance carrier's written confirmation verifies that the dwelling coverage is based on 100% Replacement Cost coverage. Additionally, the subject property is located in Florida, and the carrier has confirmed that the dwelling coverage provided is based on replacement cost and is not required to equal the loan amount. Based on the hazard insurance documentation and carrier confirmation contained in the loan file, adequate coverage was verified at the time of closing. We respectfully request that this finding be cleared. - Seller-07/XX/2026 |
Resolved-Received email
chain from insurance company confirming the policy has RC coverage. Updated
LM. This condition is resolved - Due Diligence Vendor-07/10/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Credit report reflects FICO of
722 which exceeds the minimum of 680 Required is 680 Borrower has 722 LTV is less than guideline maximum - LTV of 80% is below the maximum of 85% allowed per guidelines Required is 85 Borrower has 80 DSCR =/> 1.00 and minimum is 0.85 or Less - Calculated DSCR of 1.001 which exceeds the minimum required of 0.75 Required is 0.75 Borrower has 1.001 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 403 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | PA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 318 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1506 | 2026-07-09 17:26 | 2026-07-14 12:13 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Reviewed CR that
reflects XX months reviewed at 53. The Final Reviewed QM Status is acceptable
- Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The loan file contained sufficient documentation to rate the XX Mortgage. Therefore, the loan passes the ATR/QM - Seller-07/XX/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing updated VOM on dep res - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The loan file contained sufficient documentation to rate the XX.
Therefore, the loan passes the ATR/QM
- Seller-07/XX/2026 |
Resolved-Reviewed CR that
reflects XX months reviewed at 53. The Final Reviewed QM Status is acceptable
- Due Diligence Vendor-07/14/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has
12.12 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 783 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 318 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1440 | 2026-07-09 10:32 | 2026-07-14 12:10 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Upon review of
the CR XX reports 53 months reviewed. Housing History Meets Guideline
Requirements - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The credit report included in the loan file reflects the borrower's mortgage with XX (Account #XX as rated from 09/2021 through 05/2026. Additionally, the loan file contains evidence that the borrower made the June 2026 mortgage payment on 06/XX/2026, prior to the payment due date at the end of the month. Therefore, the borrower would not have incurred a late payment. - Seller-07/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Both the 6/XX/2026 and 4/XX/2026 mortgage statements shows prior months past due. Missing update showing loan was brought current with 0X30 lates in the past 12 months. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The credit report included in the loan file reflects the borrower's
mortgage with XX (Account #XX as rated from 09/2021 through 05/2026.
Additionally, the loan file contains evidence that the borrower made the June
2026 mortgage payment on 06/XX/2026, prior to the payment due date at the end
of the month. Therefore, the borrower would not have incurred a late payment.
- Seller-07/XX/2026 |
Resolved-Upon review of the
CR XX reports 53 months reviewed. Housing History Meets Guideline
Requirements - Due Diligence Vendor-07/14/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has
12.12 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 783 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 318 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3939 | 2026-07-08 13:33 | 2026-07-13 10:23 | Resolved | 1 - Information | C | A | Compliance | ComplianceEase | TRID Rate Lock Disclosure Delivery Date Test | Resolved-Received initial
CD 06/XX/2026. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The loan was locked on 6/15. A CD was issued on 6/15, but the float to lock was not referenced. The lender credit is $9600. Attached is the lock and the CD showing the LC of $9600 - Seller-07/XX/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 06/XX/2026 and 06/XX/2026. -----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 07/XX/2029. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The loan was locked on 6/15. A CD was issued on 6/15, but the float
to lock was not referenced. The lender credit is $9600. Attached is the lock
and the CD showing the LC of $9600 - Seller-07/XX/2026 |
Resolved-Received initial CD
06/15/2026. Finding Resolved. - Due Diligence Vendor-07/13/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has
12.12 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 783 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 385 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1317 | 2026-07-09 13:53 | 2026-08-07 14:08 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 1 Total Years Employment Verified is Less Than 24 Months | Resolved-Received updated
1003 reflecting over 2 yrs self employment. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Attached is the updated PC 1003. - Seller-08/XX/2026 Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months Missing 2 year employment history from 1003. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the updated PC 1003.
- Seller-08/XX/2026 |
Resolved-Received updated
1003 reflecting over 2 yrs self employment. - Due Diligence Vendor-08/07/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Credit report reflects FICO of
754 which exceeds the minimum of 680 Required is 680 Borrower has 754 Months Reserves exceed minimum required - Verified assets of 8.92 months exceeds the minimum required of 6 months. |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 385 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3352 | 2026-07-08 13:03 | 2026-07-13 09:50 | 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/XX/2026 Ready for Review-This is a 1st lien loan with impounds and a full appraisal. HPML is allowed. - Seller-07/XX/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. ------ Despite passing HPML tests, disclosed APR of 8.033% on Final CD is above threshold of 8.010%. This was disclosed inaccurately to borrower, making this an HPML loan. Statute of limitations – One year; Expiration date: 07/XX/2027 - Due Diligence Vendor-07/XX/2026 |
Ready for Review-This is a
1st lien loan with impounds and a full appraisal. HPML is allowed. - Seller-07/XX/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 - Credit report reflects FICO of
754 which exceeds the minimum of 680 Required is 680 Borrower has 754 Months Reserves exceed minimum required - Verified assets of 8.92 months exceeds the minimum required of 6 months. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | |||
| 362 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2026-07-09 13:00 | 2026-08-31 10:19 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received CD for
3f - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Attached is the PCCD for loan XX XX. Corrected est taxes, insurance & assessments. - Seller-08/XX/2026 Counter-Received rebuttal. The reason for request of additional docs is that audit is unable to match figures used by lender. CD for 34 Spacious reflects PI $8266.67 and $176.09 escrowed ( flood insurance, however 176.09*12 =2,113.08 Page 4 Escrowed property costs over year 1 reflects $1936.99/12= $161.42. Non Escrowed $15,160.86 /12 $1,263.41. ITIA $8266.67 + 176.09 + 1263.41 = 9,706.16; If using PITIA $10,508.14 + 16.09+1236.41 = 11,947.64. 1003F is $11,130. Please explain variance - Due Diligence Vendor-08/XX/2026 Ready for Review-The counter is noted. However, the issue should be limited to reconciliation of the monthly housing payment rather than assuming that the Final CD amount is incorrect. The Final 1003 reflects a total monthly payment of $11,130.00 for XX, while the Final CD reflects the applicable interest-only payment and separately identifies the treatment of insurance, taxes, and HOA. The Final CD reflects an interest-only payment of $8,442.76, which includes the applicable flood insurance component. We agree that documentation supporting the applicable homeowners/hazard insurance, flood insurance, property taxes, and HOA dues may be used to reconcile the monthly housing expense and determine the correct payment to be reflected for DTI purposes. However, the counter should identify the specific calculation being used to arrive at the asserted $9,997.11 or $12,238.58, as two different payment amounts are referenced. Please clarify which figure applies based on the actual loan terms and payment period reflected in the Final CD. The Final CD should be reviewed together with the Final 1003 and the applicable insurance, tax, and HOA documentation to establish the correct monthly housing expense. The fact that taxes and HOA are not escrowed on the Final CD does not necessarily mean those expenses are excluded from the borrower's monthly housing obligation; therefore, we are requesting that the calculation be based on the actual documented obligations. We will provide the applicable documentation for the homeowners/hazard insurance, flood insurance, property taxes, and HOA dues so the payment can be properly reconciled. Once those figures are documented, the monthly housing expense should be recalculated and compared against the $11,130.00 reflected on the Final 1003. Please confirm the specific payment figure and calculation TPR is using so the discrepancy can be accurately reconciled rather than relying on two different amounts stated in the counter. - Seller-08/XX/2026 Counter-Final 1003 reflects total payment for XX is $11130.00 however the final CD reflects a total payment of $9997.11 or $12238.58 (depends on #XXars per CD). Interest only payment is $8442.76 which included Flood Ins. Please provide documentation for HOI, Taxes and HOA in order to properly document correct monthly payment into DTI - Due Diligence Vendor-08/XX/2026 Ready for Review-The Final Closing Disclosure for Property 3F – XX has been provided and reflects the applicable payment and escrow information for the property. Per the Final CD, the interest-only payment is $8,266.67 for the 10-year interest-only period, with an estimated additional amount of $1,554.35. The Final CD indicates that property taxes and HOA are not included, while the applicable insurance/escrow information is reflected on the CD. If the finding is specifically requesting support for the insurance amount included in the $1,554.35, please clarify the specific amount requiring documentation. The Final CD should be considered the controlling closing document for the amounts and escrow treatment disclosed at closing. We can provide the applicable insurance documentation supporting any insurance premium that is actually impounded/escrowed, as reflected on the Final CD. However, property taxes and HOA should not be requested as supporting escrowed amounts when the Final CD specifically reflects that they are not included in the payment/escrow calculation. Accordingly, please review the Final CD and revise the finding to identify only those amounts that are required to be supported based on the actual escrow/impound information disclosed on the Final CD. - Seller-08/XX/2026 Counter-Received CD for 3f, reflecting interest only for 10yr $8266.67 and $1554.35 estimate includes No property taxes, some homeowners insurance and No HOA. Please provide documentation for the hazard premium. flood, property tax and HOA to support the figures reflected on the CD provided. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Attached is the Final Closing Disclosure for Property 3F – XX, which addresses the missing document. Regarding REOs 3C through 3E, the monthly mortgage payments reflected on the Final 1003 are accurate. Please note that the Final 1003 specifically states: "Monthly insurance, taxes, association dues, etc. – if not included in the monthly mortgage payment." For Properties 3C–3E, the monthly mortgage payments include escrowed (impounded) property taxes and hazard insurance. Therefore, these expenses are already incorporated into the monthly mortgage payment and should not be added separately as standalone housing expense components. Accordingly, the amounts reported on the Final 1003 are supported by the loan documentation, and the finding appears to result from a duplication of escrowed taxes and insurance rather than a discrepancy in the lender's calculations. - Seller-07/XX/2026 Open-REO's 3c - 3e - Final CD's, taxes and insurance provided does not support amounts used by lender per final 1003. REO 3f - final CD not in loan file. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the PCCD for loan XX XX. Corrected est taxes, insurance
& assessments. - Seller-08/XX/2026
Ready for Review-The counter is noted. However, the issue should be limited to reconciliation of the monthly housing payment rather than assuming that the Final CD amount is incorrect. The Final 1003 reflects a total monthly payment of $11,130.00 for XX, while the Final CD reflects the applicable interest-only payment and separately identifies the treatment of insurance, taxes, and HOA. The Final CD reflects an interest-only payment of $8,442.76, which includes the applicable flood insurance component. We agree that documentation supporting the applicable homeowners/hazard insurance, flood insurance, property taxes, and HOA dues may be used to reconcile the monthly housing expense and determine the correct payment to be reflected for DTI purposes. However, the counter should identify the specific calculation being used to arrive at the asserted $9,997.11 or $12,238.58, as two different payment amounts are referenced. Please clarify which figure applies based on the actual loan terms and payment period reflected in the Final CD. The Final CD should be reviewed together with the Final 1003 and the applicable insurance, tax, and HOA documentation to establish the correct monthly housing expense. The fact that taxes and HOA are not escrowed on the Final CD does not necessarily mean those expenses are excluded from the borrower's monthly housing obligation; therefore, we are requesting that the calculation be based on the actual documented obligations. We will provide the applicable documentation for the homeowners/hazard insurance, flood insurance, property taxes, and HOA dues so the payment can be properly reconciled. Once those figures are documented, the monthly housing expense should be recalculated and compared against the $11,130.00 reflected on the Final 1003. Please confirm the specific payment figure and calculation TPR is using so the discrepancy can be accurately reconciled rather than relying on two different amounts stated in the counter. - Seller-08/XX/2026 Ready for Review-The Final Closing Disclosure for Property 3F – XX has been provided and reflects the applicable payment and escrow information for the property. Per the Final CD, the interest-only payment is $8,266.67 for the 10-year interest-only period, with an estimated additional amount of $1,554.35. The Final CD indicates that property taxes and HOA are not included, while the applicable insurance/escrow information is reflected on the CD. If the finding is specifically requesting support for the insurance amount included in the $1,554.35, please clarify the specific amount requiring documentation. The Final CD should be considered the controlling closing document for the amounts and escrow treatment disclosed at closing. We can provide the applicable insurance documentation supporting any insurance premium that is actually impounded/escrowed, as reflected on the Final CD. However, property taxes and HOA should not be requested as supporting escrowed amounts when the Final CD specifically reflects that they are not included in the payment/escrow calculation. Accordingly, please review the Final CD and revise the finding to identify only those amounts that are required to be supported based on the actual escrow/impound information disclosed on the Final CD. - Seller-08/XX/2026 Ready for Review-Document Uploaded. Attached is the Final Closing Disclosure for Property 3F – XX, which addresses the missing document. Regarding REOs 3C through 3E, the monthly mortgage payments reflected on the Final 1003 are accurate. Please note that the Final 1003 specifically states: "Monthly insurance, taxes, association dues, etc. – if not included in the monthly mortgage payment." For Properties 3C–3E, the monthly mortgage payments include escrowed (impounded) property taxes and hazard insurance. Therefore, these expenses are already incorporated into the monthly mortgage payment and should not be added separately as standalone housing expense components. Accordingly, the amounts reported on the Final 1003 are supported by the loan documentation, and the finding appears to result from a duplication of escrowed taxes and insurance rather than a discrepancy in the lender's calculations. - Seller-07/XX/2026 |
Resolved-Received CD for 3f
- Due Diligence Vendor-08/31/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 10.59 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 760 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 280 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | PA | Investment | purchase | NA | |||||||||||||||||||
| 249 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 196 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 411 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | MO | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 383 | XX | XX | D | A | A | A | A | A | D | A | Closed | FPRO1242 | 2026-07-08 14:46 | 2026-07-13 12:11 | Resolved | 1 - Information | D | A | Property | Missing Doc | Appraisal is Missing | Resolved-Received
Appraisal with 1007. - Due Diligence Vendor-07/XX/2026 Ready for Review-Attached is the Appraisal report Form 1007 on page 6 of 42. - Seller-07/XX/2026 Open-Appraisal is Missing Missing appraisal w 1007 form, dated 6.16.26. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Attached
is the Appraisal report Form 1007 on page 6 of 42. - Seller-07/XX/2026 |
Resolved-Received Appraisal
with 1007. - Due Diligence Vendor-07/13/2026 |
DSCR =/> 1.00 and minimum
is 0.85 or Less - Required is 0.8 Borrower has 1.032 Required is 0.8 Borrower
has 1.032 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 807 LTV is less than guideline maximum - Required is 80 Borrower has 75 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | MA | Investment | purchase | NA | N/A | N/A | XX | ||
| 225 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2026-07-09 11:10 | 2026-08-13 15:00 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing History
for the primary residence was provided. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Document Uploaded. The housing history requirement has been satisfied based on the available history and supporting documentation. For the primary residence first-lien mortgage, XX account ending in #XXe credit report reflects 37 months reviewed, which exceeds the required 12-month housing payment history. The credit report reports through 03/XX/2026. In addition, the file contains the April, May, and June 2026 XX mortgage statements, providing subsequent documentation of the mortgage payment history and supporting the account's status leading up to the 07/XX/2026 closing date. Therefore, the TPR concern regarding lack of documentation of the current status at closing has been addressed. For the XX HELOC account ending in #XXthe account was not established until 03/XX/2026. Accordingly, a complete 12-month payment history is not possible because the account had only been open for approximately three and one-half months as of closing. The file contains the available April and May 2026 XX statements, documenting the payment history available for this newly opened account. A 12-month history cannot be provided for an account that had not yet existed for 12 months. Accordingly, the file contains the available documentation necessary to verify the borrower's housing payment history. The XX first mortgage has sufficient historical payment history and current-period documentation through June 2026, while the XX HELOC has been documented for the period available since its origination. - Seller-08/XX/2026 Counter-Received credit report. Credit report confirmed payments through 3/1 for first lien. Missing proof current at time of close. Note date is 7/XX/26. Finding remains. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The housing history requirement has been satisfied. The credit report reflects the following: XX account ending in #XXhe credit report shows 37 months reviewed, with a Date Last Active (DLA) of 03/XX/2026, providing sufficient payment history for the primary residence mortgage obligation. XX HELOC account ending in #XXhe account does not reflect 12 months of payment history because it was recently opened on 03/XX/2026. As such, a full 12-month history is not available due to the age of the account. The available payment history, including the provided April, May, and June payments, supports the account’s current status. The file contains the available documentation to verify the borrower’s housing payment history. This is a closed and funded loan file. Please review the credit report and supporting documentation provided and clear the condition. - Seller-07/XX/2026 Open-Housing History Does Not Meet Guideline Requirements. Missing a complete 12 months history for the primary residence (acct#XXand #XX Payments for April , May and June were provided. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Document Uploaded. The housing history requirement has been
satisfied based on the available history and supporting documentation. For the primary residence first-lien mortgage, XX account ending in #XXthe credit report reflects 37 months reviewed, which exceeds the required 12-month housing payment history. The credit report reports through 03/XX/2026. In addition, the file contains the April, May, and June 2026 XX mortgage statements, providing subsequent documentation of the mortgage payment history and supporting the account's status leading up to the 07/XX/2026 closing date. Therefore, the TPR concern regarding lack of documentation of the current status at closing has been addressed. For the XX HELOC account ending in #XXthe account was not established until 03/XX/2026. Accordingly, a complete 12-month payment history is not possible because the account had only been open for approximately three and one-half months as of closing. The file contains the available April and May 2026 XX statements, documenting the payment history available for this newly opened account. A 12-month history cannot be provided for an account that had not yet existed for 12 months. Accordingly, the file contains the available documentation necessary to verify the borrower's housing payment history. The XX first mortgage has sufficient historical payment history and current-period documentation through June 2026, while the XX HELOC has been documented for the period available since its origination. - Seller-08/XX/2026 Ready for Review-Document Uploaded. The housing history requirement has been satisfied. The credit report reflects the following: XX account ending in #XX The credit report shows 37 months reviewed, with a Date Last Active (DLA) of 03/XX/2026, providing sufficient payment history for the primary residence mortgage obligation. XX HELOC account ending in #XX The account does not reflect 12 months of payment history because it was recently opened on 03/XX/2026. As such, a full 12-month history is not available due to the age of the account. The available payment history, including the provided April, May, and June payments, supports the account’s current status. The file contains the available documentation to verify the borrower’s housing payment history. This is a closed and funded loan file. Please review the credit report and supporting documentation provided and clear the condition. - Seller-07/XX/2026 |
Resolved-Housing History for
the primary residence was provided. - Due Diligence Vendor-08/13/2026 |
LTV is less than guideline
maximum - LTV Required is 70% Borrower has 65%. Required is 70 Borrower has
65 Qualifying FICO score is at least 20 points above minimum for program - FICO Required is 700 Borrower has 772. Required is 700 Borrower has 772 DSCR % greater than 1.20 - DSCR % greater than 1.20; Required is 1 Borrower has 2.255. Required is 1 Borrower has 2.255 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | ME | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 360 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | |||||||||||||||||||
| 255 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2026-07-09 13:15 | 2026-07-14 15:06 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received same
lender refi or REO new XX $84,641.57 to brws, screenshot of lender encompass,
reflecting assets including refi. Lender calculation of funds to close and
reserves. Audited Reserves of 36.17 month(s) are greater than or equal to
Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. The Third-Party Review (TPR) finding regarding insufficient reserves is not valid. The loan file reflects verified liquid assets totaling $105,457.00. Included in the verified assets are $84,641.57 in proceeds from the cash-out refinance transaction associated with XX loan #XX Supporting documentation, including the Final Closing Disclosure (CD), has been uploaded to the system for review. Per the Final CD for this transaction, the borrower’s required funds to close are $44,192.24. The required reserve requirement for this loan is 3 months, totaling $5,193.48. After accounting for the required funds to close and the applicable reserve requirement, the borrower’s verified assets are sufficient to meet the required reserve amount. Please review the updated documentation, including the Final CD, and reconsider the reserve finding. - Seller-07/XX/2026 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) . 3 months or $5,193.48 short reserves, - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The Third-Party Review (TPR) finding regarding insufficient
reserves is not valid. The loan file reflects verified liquid assets totaling $105,457.00. Included in the verified assets are $84,641.57 in proceeds from the cash-out refinance transaction associated with XX loan #XX Supporting documentation, including the Final Closing Disclosure (CD), has been uploaded to the system for review. Per the Final CD for this transaction, the borrower’s required funds to close are $44,192.24. The required reserve requirement for this loan is 3 months, totaling $5,193.48. After accounting for the required funds to close and the applicable reserve requirement, the borrower’s verified assets are sufficient to meet the required reserve amount. Please review the updated documentation, including the Final CD, and reconsider the reserve finding. - Seller-07/XX/2026 |
Resolved-Received same
lender refi or REO new XX $84,641.57 to brws, screenshot of lender encompass,
reflecting assets including refi. Lender calculation of funds to close and
reserves. Audited Reserves of 36.17 month(s) are greater than or equal to
Guideline Required Reserves of 3 month(s) - Due Diligence
Vendor-07/14/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Minimum required FICO is 700;
Borrower has 778. Required is 700 Borrower has 778 DSCR =/> 1.00 and minimum is 0.85 or Less - Minimum calculated DSCR allowed is .80%; Borrower calculated DSCR is 1.04%. Required is 0.8 Borrower has 1.04 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | AK | Investment | purchase | NA | N/A | N/A | XX | ||
| 255 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE9501 | 2026-07-09 13:10 | 2026-07-14 15:05 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received same
lender refi or REO new XX $XX to brws, screenshot of lender encompass,
reflecting assets including refi. Lender calculation of funds to close and
reserves. Upon further review, sufficient assets to cover CTC and reserves
were present. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Document Uploaded. The Third-Party Review (TPR) finding regarding insufficient reserves is not valid. The loan file reflects verified liquid assets totaling $105,457.00. Included in the verified assets are $84,641.57 in proceeds from the cash-out refinance transaction associated with XX loan #XX Supporting documentation, including the Final Closing Disclosure (CD), has been uploaded to the system for review. Per the Final CD for this transaction, the borrower’s required funds to close are $44,192.24. The required reserve requirement for this loan is 3 months, totaling $5,193.48. After accounting for the required funds to close and the applicable reserve requirement, the borrower’s verified assets are sufficient to meet the required reserve amount. Please review the updated documentation, including the Final CD, and reconsider the reserve finding. - Seller-07/XX/2026 Open-Total Qualified Assets Post-Close amount is '$-22033.3'. Assets are Insufficient. Please provide additional assets to meet cash to close and reserve requirements. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Document Uploaded. The Third-Party Review (TPR) finding regarding
insufficient reserves is not valid. The loan file reflects verified liquid
assets totaling $105,457.00. Included in the verified assets are $84,641.57 in
proceeds from the cash-out refinance transaction associated with XX loan #XX
Supporting documentation, including the Final Closing Disclosure (CD), has
been uploaded to the system for review. Per the Final CD for this
transaction, the borrower’s required funds to close are $44,192.24. The
required reserve requirement for this loan is 3 months, totaling $5,193.48.
After accounting for the required funds to close and the applicable reserve
requirement, the borrower’s verified assets are sufficient to meet the
required reserve amount. Please review the updated documentation, including
the Final CD, and reconsider the reserve finding. - Seller-07/XX/2026 |
Resolved-Received same
lender refi or REO new XX $84,641.57 to brws, screenshot of lender encompass,
reflecting assets including refi. Lender calculation of funds to close and
reserves. Upon further review, sufficient assets to cover CTC and reserves
were present. - Due Diligence Vendor-07/14/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Minimum required FICO is 700;
Borrower has 778. Required is 700 Borrower has 778 DSCR =/> 1.00 and minimum is 0.85 or Less - Minimum calculated DSCR allowed is .80%; Borrower calculated DSCR is 1.04%. Required is 0.8 Borrower has 1.04 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | AK | Investment | purchase | NA | N/A | N/A | XX | ||
| 300 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE6910 | 2026-07-09 11:57 | 2026-07-14 13:51 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Received Borrower
1 Permanent Resident card valid until 2030 - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. Please see attached Permanent Residence Alien Card for B1. - Seller-07/XX/2026 Open-Borrower 1 Non-US Citizen Identification Document is Missing Missing permanent resident card for borrower. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached Permanent Residence Alien Card for B1. -
Seller-07/XX/2026 |
Resolved-Received Borrower 1
Permanent Resident card valid until 2030 - Due Diligence Vendor-07/14/2026 |
DSCR =/> 1.00 and minimum
is 0.85 or Less - Calculated DSCR of 1.08 which exceeds the minimum required
of 0.0 Required is 0 Borrower has 1.08 Qualifying FICO score is at least 20 points above minimum for program - Credit report reflects FICO of 687 which exceeds the minimum of 660 Required is 660 Borrower has 687 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 408 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE8887 | 2026-07-09 15:44 | 2026-07-30 17:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Received CD
confirming 1st and 2nd lien paid. -
Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the Final CD 7-02-26 and a snippet of page 6 of 6 that shows #XX and XX Mortgage Servicing were paid off. - Seller-07/XX/2026 Counter-Received 1003/1008 previously provided property 3a reflects new XX 63252 and prior XX + XX 2440 being paid off. Please remember to provide evidence the SP 2440 was paid and close otherwise the CLTV will be off from what is reflected on 1008 additional conditions may apply such as subordination agreement. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the updated PC 1003 and PC 1008. - Seller-07/XX/2026 Counter-Received revised 1008/1003 reflects new same lender XX with $4341.74 monthly payment and UPB $500k documentation is missing for simultaneous 2nd iao $500k as well as verification that the prior #XXLine of Credit from XX 2440 was paid off and closed. Form in file page 450 is blank. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the corrected PC 1003. - Seller-07/XX/2026 Open-1. Property 3b: Correct mortgages input on final 1003 to reflect correct liens per mortgage statements in file. (1st Lien #XX X0089, 2nd Lien XX X4025) 2. Property 3d: Correct mortgage input on final 1003 to reflect correct lien per mortgage statement in file (1st Lien #XX X1642) - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the Final CD 7-02-26 and a snippet of page 6 of 6 that
shows #XX and XX Mortgage Servicing were paid off. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Attached is the updated PC 1003 and PC 1008. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Attached is the corrected PC 1003. - Seller-07/XX/2026 |
Resolved-Received CD
confirming 1st and 2nd lien paid. -
Due Diligence Vendor-07/30/2026 |
LTV is less than guideline
maximum - Required is 75 Borrower has 60 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 790 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 210 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2026-07-09 16:54 | 2026-07-14 11:04 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Sourcing of $330k
EMD= $115k from #XX 2743 YSH p 245 + $205k from #XX XX brw and nbs. Audited
Reserves of 14.17 month(s) are greater than or equal to Guideline Required
Reserves of 9 month(s) - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The loan file contains a complete paper trail for two earnest money deposits (EMDs) in the amounts of $205,000 and $115,000, both remitted to the settlement agent on 03/XX/2026. The deposits originated from two separate business accounts, and the file includes the corresponding bank statements for each account, along with the required business access letter. The borrower was required to provide $64,502.60 for the cash to close (COE) and maintain nine months of cash reserves totaling $92,626.56, resulting in a total funds requirement of $157,129.16. - Seller-07/XX/2026 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 9 month(s) No proof of EMD clearing was found. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The loan file contains a complete paper trail for two earnest money
deposits (EMDs) in the amounts of $205,000 and $115,000, both remitted to the
settlement agent on 03/XX/2026. The deposits originated from two separate
business accounts, and the file includes the corresponding bank statements
for each account, along with the required business access letter. The borrower was required to provide $64,502.60 for the cash to close (COE) and maintain nine months of cash reserves totaling $92,626.56, resulting in a total funds requirement of $157,129.16. - Seller-07/XX/2026 |
Resolved-Sourcing of $330k
EMD= $115k from #XX 2743 YSH p 245 + $205k from #XX 0726 brw and nbs. Audited
Reserves of 14.17 month(s) are greater than or equal to Guideline Required
Reserves of 9 month(s) - Due Diligence Vendor-07/14/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
748 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.64 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | N/A | N/A | XX | ||
| 210 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE9501 | 2026-07-09 16:38 | 2026-07-14 11:03 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received sourcing
of $330k EMD= $115k from #XX 2743 YSH p 245 + $205k from #XX 0726 brw and nbs
( already present in file) - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The loan file contains a complete paper trail for two earnest money deposits (EMDs) in the amounts of $205,000 and $115,000, both remitted to the settlement agent on 03/XX/2026. The deposits originated from two separate business accounts, and the file includes the corresponding bank statements for each account, along with the required business access letter. The borrower was required to provide $64,502.60 for the cash to close (COE) and maintain nine months of cash reserves totaling $92,626.56, resulting in a total funds requirement of $157,129.16. The loan file documents verified assets totaling $212,039.93, which fully satisfy the cash-to-close and reserve requirements, leaving an excess of $54,910.77. - Seller-07/XX/2026 Open-Total Qualified Assets Post-Close amount is '$-174173.15'. Assets are Insufficient. Missing - verification of SOF/paper trails on EMD of 320,000 - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The loan file contains a complete paper trail for two earnest money
deposits (EMDs) in the amounts of $205,000 and $115,000, both remitted to the
settlement agent on 03/XX/2026. The deposits originated from two separate
business accounts, and the file includes the corresponding bank statements
for each account, along with the required business access letter. The borrower was required to provide $64,502.60 for the cash to close (COE) and maintain nine months of cash reserves totaling $92,626.56, resulting in a total funds requirement of $157,129.16. The loan file documents verified assets totaling $212,039.93, which fully satisfy the cash-to-close and reserve requirements, leaving an excess of $54,910.77. - Seller-07/XX/2026 |
Resolved-Received sourcing
of $330k EMD= $115k from #XX 2743 YSH p 245 + $205k from #XX 0726 brw and nbs
( already present in file) - Due Diligence Vendor-07/14/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
748 Qualifying DTI below maximum allowed - Required is 50 Borrower has 38.64 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | N/A | N/A | XX | ||
| 357 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 349 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | purchase | NA | |||||||||||||||||||
| 254 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | AK | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 329 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1162 | 2026-07-10 10:13 | 2026-07-14 14:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Partially Provided | Resolved-Received lender
confirmation Flood Cert is correct with #XX no NFIP Map box marked. so
#XX#XXk and #XXd Zone N - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. - Seller-07/XX/2026 Ready for Review-The flood certificate provided is complete. The requested information is addressed within Section II – National Flood Insurance Program (NFIP) Data Affecting Building/Mobile Home. The certificate reflects the NFIP Community Number, Flood Zone, and applicable flood determination information. The NFIP Map Number/Community-Panel Number and NFIP Map Panel Effective/Revised Date fields are not applicable as the certificate indicates "No NFIP Map". The determination confirms the subject property is not located in a Special Flood Hazard Area (Zone A or V) and flood insurance is not required. Therefore, the flood certificate provided satisfies the required flood documentation requirements. - Seller-07/XX/2026 Open-Flood Certificate is Partially Provided Flood cert provided is missing Panel number, Panel date & flood zone. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. - Seller-07/XX/2026 Ready for Review-The flood certificate provided is complete. The requested information is addressed within Section II – National Flood Insurance Program (NFIP) Data Affecting Building/Mobile Home. The certificate reflects the NFIP Community Number, Flood Zone, and applicable flood determination information. The NFIP Map Number/Community-Panel Number and NFIP Map Panel Effective/Revised Date fields are not applicable as the certificate indicates "No NFIP Map". The determination confirms the subject property is not located in a Special Flood Hazard Area (Zone A or V) and flood insurance is not required. Therefore, the flood certificate provided satisfies the required flood documentation requirements. - Seller-07/XX/2026 |
Resolved-Received lender
confirmation Flood Cert is correct with #XX no NFIP Map box marked. so
#XX#XXk and #XXd Zone N - Due Diligence Vendor-07/14/2026 |
Months Reserves exceed
minimum required - Minm 6, Borrower has 32.5 On time mortgage history exceeds guideline requirement - Borrower's mortgage history 0x30x57 exceeds lender requirements of 0x30x12 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | MN | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 328 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 368 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | |||||||||||||||||||
| 386 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 281 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | PA | Investment | purchase | NA | |||||||||||||||||||
| 321 | XX | XX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | |||||||||||||||||||
| 382 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3652 | 2026-07-09 14:29 | 2026-07-14 13:04 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received
explanation lender credit decreased with loan lock COC, lender credit not
listed on COC. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The lender credit went from $34 to discount of $1682 due to a program change and the float to lock. See attached - Seller-07/XX/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 ($34.00). 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 $34.00 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 $34.00, 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 08/XX/2026 (2) within 60 days of discovery expires 09/XX/26 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 07/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The lender credit went from $34 to discount of $1682 due to a
program change and the float to lock. See attached - Seller-07/XX/2026 |
Resolved-Received
explanation lender credit decreased with loan lock COC, lender credit not
listed on COC. Finding Resolved. - Due Diligence Vendor-07/14/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 36.7 Required is 50 Borrower has
36.7 Qualifying FICO score is at least 20 points above minimum for program - Required is 720 Borrower has 816 Required is 720 Borrower has 816 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 327 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1481 | 2026-07-10 11:31 | 2026-08-12 14:36 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Resolved-LOE from borrower
addressing the potential business impact of using this business account was
provided. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. see the attached business access letter. - Seller-08/XX/2026 Counter-CPA letter included in the loan file confirms that the borrower is 100% owner of #XX by XX Section 8.1 of G/L require an explanation from Brw (as the owner of the business) describing the potential business impact of using this business account. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The CPA letter included in the loan file confirms that the borrower is the 100% owner of #XX by XX As the sole owner of the company, the borrower has full access to 100% of the business funds. Therefore, the absence of a potential business impact letter would not render the loan unsalable. - Seller-07/XX/2026 Counter-Document provided does not confirm the % of ownership and we are also missing the LOE describing the potential business impact. Finding remains. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. See the attached Google search results, which support that the borrower, XX, is the owner of #XX account ending in XX held in the name of #XX By XX - Seller-07/XX/2026 Open-Asset Record 3 Does Not Meet G/L Requirements per guidelines -Business accounts — Borrower must own the contributing business. Documentation must include the most recent bank statement and a Letter of Explanation from the majority of business ownership describing the potential business impact - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. see the attached business access letter. - Seller-08/XX/2026 Ready for Review-Document Uploaded. The CPA letter included in the loan file confirms that the borrower is the 100% owner of #XX by XX As the sole owner of the company, the borrower has full access to 100% of the business funds. Therefore, the absence of a potential business impact letter would not render the loan unsalable. - Seller-07/XX/2026 Ready for Review-Document Uploaded. See the attached Google search results, which support that the borrower, XX, is the owner of #XX account ending in XX held in the name of #XX By XX. - Seller-07/XX/2026 |
Resolved-LOE from borrower
addressing the potential business impact of using this business account was
provided. - Due Diligence Vendor-08/12/2026 |
LTV is less than guideline
maximum - Required is 85 Borrower has 75 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 773 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 373 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE6019 | 2026-07-10 18:24 | 2026-07-17 13:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Received
Passport. Country of origin is exempt
from ESTA - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The finding is not valid. The borrower is a Canadian citizen, and the loan file contains a valid, unexpired Canadian passport verifying the borrower's identity and citizenship. Under U.S. immigration requirements, Canadian citizens generally are not required to obtain a visa to enter the United States for most temporary business or visitor purposes. Accordingly, a visa is not required solely because the borrower is a Canadian citizen. The valid Canadian passport provided in the loan file satisfies the applicable citizenship documentation requirement. Therefore, we respectfully request that this finding be cleared. - Seller-07/XX/2026 Open-Borrower Citizenship Documentation Is Missing. Provide a valid, unexpired passport and a Visa. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The finding is not valid. The borrower is a Canadian citizen, and
the loan file contains a valid, unexpired Canadian passport verifying the
borrower's identity and citizenship. Under U.S. immigration requirements,
Canadian citizens generally are not required to obtain a visa to enter the
United States for most temporary business or visitor purposes. Accordingly, a
visa is not required solely because the borrower is a Canadian citizen. The
valid Canadian passport provided in the loan file satisfies the applicable
citizenship documentation requirement. Therefore, we respectfully request
that this finding be cleared. - Seller-07/XX/2026 |
Resolved-Received
Passport. Country of origin is exempt
from ESTA - Due Diligence Vendor-07/16/2026 |
Long term residence - Long
Term Residence = 4+ years Months Reserves exceed minimum required - Borrower had 34 months of reserves, 6 were required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 373 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE0045 | 2026-07-10 13:38 | 2026-07-16 15:37 | Resolved | 1 - Information | C | A | Credit | Eligibility | Foreign National/Non Perm resident alien but ACH form is not in file | Resolved-Received ACH form
- Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attach is the ACH form. - Seller-07/XX/2026 Open-Foreign National but the ACH form is Missing from file. Missing ACH form. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attach is the ACH form. - Seller-07/XX/2026 |
Resolved-Received ACH form -
Due Diligence Vendor-07/16/2026 |
Long term residence - Long
Term Residence = 4+ years Months Reserves exceed minimum required - Borrower had 34 months of reserves, 6 were required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 190 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1194 | 2026-07-10 16:02 | 2026-07-16 13:46 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Received new
lease agreement with evidence of 1st months rent and deposit. Audited LTV of
80% is less than or equal to Guideline LTV of 80% - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the XX XX Non-QM DSCR matrix that shows max LTV is 80% . FICO is 759 and DSCR is 1.012 not <1. Please note a new lease agreement was provided to show monthly rent is $3K. - Seller-07/XX/2026 Open-Audited LTV of 80% exceeds Guideline LTV of 70% Maximum LTV of 70% with DSCR < 1 - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the XX Non-QM DSCR matrix that shows max LTV is 80% .
FICO is 759 and DSCR is 1.012 not <1. Please note a new lease agreement
was provided to show monthly rent is $3K.
- Seller-07/XX/2026 |
Resolved-Received new lease
agreement with evidence of 1st months rent and deposit. Audited LTV of 80% is
less than or equal to Guideline LTV of 80% - Due Diligence
Vendor-07/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
759 Months Reserves exceed minimum required - |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 413 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2026-07-13 09:47 | 2026-07-15 17:18 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received tax
preparer confirmation of ownership and years in business. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Open-Borrower 1 CPA Letter Missing Provide missing CPA letter verifying length of time in business and ownership percentages. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-07/XX/2026 |
Resolved-Received tax
preparer confirmation of ownership and years in business. - Due Diligence Vendor-07/15/2026 |
Qualifying DTI below maximum
allowed - Required is 50.49 Borrower has 43.17 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 796 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | GA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 406 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2026-07-10 15:20 | 2026-07-15 17:02 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received credit
supplement confirming paid current. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Open-Housing History Does Not Meet Guideline Requirements. Missing full 12 month history on primary housing mortgage payment acct#XX (provide proof of payments for April , May and June). - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-07/XX/2026 |
Resolved-Received credit
supplement confirming paid current. - Due Diligence Vendor-07/15/2026 |
DSCR % greater than 1.20 -
DSCR % greater than 1.20. Months Reserves exceed minimum required - Months Reserves exceed minimum required |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 406 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2026-07-13 09:06 | 2026-07-13 09:11 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Originator
exception granted and in file, waiver applied with comp factor - Due
Diligence Vendor-07/XX/2026 Open-Audited LTV of 63.7% exceeds Guideline LTV of 60%. Max LTV for manufactured homes is 60% - Due Diligence Vendor-07/XX/2026 |
Waived-Originator exception
granted and in file, waiver applied with comp factor - Due Diligence
Vendor-07/13/2026 |
DSCR % greater than 1.20 -
DSCR % greater than 1.20. Months Reserves exceed minimum required - Months Reserves exceed minimum required |
-DSCR % greater than 1.20 -Months Reserves exceed minimum required |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | XX | |||
| 395 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CT | Investment | purchase | NA | |||||||||||||||||||
| 381 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1206 | 2026-07-13 11:32 | 2026-07-17 15:48 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received
participant list confirming all parties searched. Received SAM clearances - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the Final DV LPA and SAM.GOV Exclusion search for Buyer's Agent Company, Escrow & Settlement Agent and Funder. No matches found. - Seller-07/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists All transaction participants were not included in the fraud report: Property Sellers, Brokers, and Real Estate Agents - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the Final DV LPA and SAM.GOV Exclusion search for
Buyer's Agent Company, Escrow &
Settlement Agent and Funder. No matches found. - Seller-07/XX/2026 |
Resolved-Received
participant list confirming all parties searched. Received SAM clearances - Due Diligence
Vendor-07/17/2026 |
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 700 Borrower has 824 Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.29 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 381 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3625 | 2026-07-10 14:35 | 2026-07-16 14:34 | 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
07/XX/2026 correcting payee in Section B. Finding Resolved. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. attached - Seller-07/XX/2026 Ready for Review-See attached - Seller-07/XX/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 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 07/XX/2027. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. attached - Seller-07/XX/2026 Ready for Review-See attached - Seller-07/XX/2026 |
Resolved-Received PCCD
07/15/2026 correcting payee in Section B. Finding Resolved. - Due Diligence
Vendor-07/16/2026 |
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 700 Borrower has 824 Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.29 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 346 | XX | XX | C | B | C | A | C | B | A | A | Closed | finding-3635 | 2026-07-10 17:00 | 2026-07-17 14:30 | Cured | 2 - Non-Material | C | B | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Cured------Received PCCD
07/XX/2026 with copy of letter, check and shipping Label. Finding is
Cured. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. - Seller-07/XX/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% ($3,783.00) exceed the comparable charges ($3,151.00) 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) increased by $316.90 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 $316.90, 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 08/XX/2026 (2) within 60 days of discovery expires 09/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 07/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. - Seller-07/XX/2026 |
Cured------Received PCCD
07/14/2026 with copy of letter, check and shipping Label. Finding is
Cured. - Due Diligence
Vendor-07/17/2026 |
Qualifying DTI below maximum
allowed - Max DTI is 50 Borrower has
38.7 Required is 50 Borrower has 38.7 LTV is less than guideline maximum - Max LTV is 85 Borrower has 75 Required is 85 Borrower has 75 Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660 Borrower has 750 Required is 660 Borrower has 750 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 346 | XX | XX | C | B | C | A | C | B | A | A | Closed | FCRE1206 | 2026-07-13 11:34 | 2026-07-15 13:04 | 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/XX/2026 Ready for Review-Document Uploaded. attached is the updated DV reflecting the borrower's business - Seller-07/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists for borrowers business. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. attached is the updated DV reflecting the borrower's business - Seller-07/XX/2026 |
Resolved-Received Fraud
report w/All Interested Parties Checked against Exclusionary Lists - Due
Diligence Vendor-07/15/2026 |
Qualifying DTI below maximum
allowed - Max DTI is 50 Borrower has
38.7 Required is 50 Borrower has 38.7 LTV is less than guideline maximum - Max LTV is 85 Borrower has 75 Required is 85 Borrower has 75 Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660 Borrower has 750 Required is 660 Borrower has 750 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 346 | XX | XX | C | B | C | A | C | B | A | A | Closed | FCRE1205 | 2026-07-13 11:34 | 2026-07-15 13:04 | Resolved | 1 - Information | C | A | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-Received Fraud
Report w/OFAC Check Completed and Cleared - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. attached is the updated DV reflecting the borrower's business - Seller-07/XX/2026 Open-OFAC Check Not Completed and/or Cleared for borrowers business. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. attached is the updated DV reflecting the borrower's business - Seller-07/XX/2026 |
Resolved-Received Fraud
Report w/OFAC Check Completed and Cleared - Due Diligence
Vendor-07/15/2026 |
Qualifying DTI below maximum
allowed - Max DTI is 50 Borrower has
38.7 Required is 50 Borrower has 38.7 LTV is less than guideline maximum - Max LTV is 85 Borrower has 75 Required is 85 Borrower has 75 Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 660 Borrower has 750 Required is 660 Borrower has 750 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 425 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE5790 | 2026-07-13 11:33 | 2026-08-14 17:37 | Resolved | 1 - Information | C | A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Received post
close gap report. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Attach is the credit refresh report. No issues found. - Seller-08/XX/2026 Counter-Received page 1 of fraud report. Missing UDM as monitoring has not started on Fraud Report last updated 7/1 received in audit. Please provide acceptable gap credit report. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the Final DV last condition score update 7-01-26. - Seller-07/XX/2026 Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attach is the credit refresh report. No issues found. -
Seller-08/XX/2026 Ready for Review-Document Uploaded. Attached is the Final DV last condition score update 7-01-26. - Seller-07/XX/2026 |
Resolved-Received post close
gap report. - Due Diligence Vendor-08/14/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 34.81 Qualifying FICO score is at least 20 points above minimum for program - Required is 700 Borrower has 802 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 243 | XX | XX | C | B | C | B | A | A | C | A | Closed | FPRO1257 | 2026-07-14 08:28 | 2026-07-21 10:23 | Resolved | 1 - Information | C | A | Property | Value | Primary Property Value is not Substantiated | Resolved-Received CU = 1 -
Due Diligence Vendor-07/XX/2026 Ready for Review-Please note the 5/XX/2026 was based on the date when XX Mortgage received rights to the transferred appraisal from the TPO. The original appraisal was completed by another appraiser on 4/XX/2026 for the same value of $820,000. There were corrections required on the original appraisal and the TPO ultimately had to order a new appraisal, which is the one dated 05/XX/2026. The system does not seem to be able to update the Original Submitted Date when the new SSR for the newer appraisal, dated 05/XX/2026, was requested. - Seller-07/XX/2026 Counter-Received duplicate SSR with original submission date prior to appraisal. Finding remains. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Counter-SSR provided is dated prior to the appraisals effective date. Finding remains. - Due Diligence Vendor-07/XX/2026 Open-The Primary Property Value is unsubstantiated. Additional valuation product is required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Please
note the 5/XX/2026 was based on the date when XX Mortgage received rights to
the transferred appraisal from the TPO. The original appraisal was completed
by another appraiser on 4/XX/2026 for the same value of $820,000. There were
corrections required on the original appraisal and the TPO ultimately had to
order a new appraisal, which is the one dated 05/XX/2026. The system does not
seem to be able to update the Original Submitted Date when the new SSR for
the newer appraisal, dated 05/XX/2026, was requested. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 |
Resolved-Received CU = 1 -
Due Diligence Vendor-07/21/2026 |
Residual Income =/> 1.5
times $3,500 monthly residual income - Residual income is > $3,500 monthly
residual income Verified employment history exceeds guidelines - Business started 8.19.2021, per EA letter in file. Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 680 LTV is less than guideline maximum - Required is 85 Borrower has 75 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | WA | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 243 | XX | XX | C | B | C | B | A | A | C | A | Closed | FCRE1148 | 2026-07-14 08:26 | 2026-07-15 17:22 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage
Amount of $XX is sufficient based on the type of subject lien - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-07/XX/2026 |
Resolved-Title Coverage
Amount of $XX is sufficient based on the type of subject lien - Due Diligence
Vendor-07/15/2026 |
Residual Income =/> 1.5
times $3,500 monthly residual income - Residual income is > $3,500 monthly
residual income Verified employment history exceeds guidelines - Business started 8.19.2021, per EA letter in file. Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 680 LTV is less than guideline maximum - Required is 85 Borrower has 75 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | WA | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 243 | XX | XX | C | B | C | B | A | A | C | A | Closed | FCRE0157 | 2026-07-13 13:47 | 2026-07-14 08:37 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not meet guideline requirements for loans listed for sale | Waived-Originator
exception granted to allow use appraised value versus listed price,
Non-material waiver applied with comp factors. - Due Diligence
Vendor-07/XX/2026 Open-Loan does not meet guideline requirements for loans listed for sale. Lender Exception: Approved to use higher appraised value vs lower listing price for properties listed for sale within 90 days. - Due Diligence Vendor-07/XX/2026 |
Waived-Originator exception
granted to allow use appraised value versus listed price, Non-material waiver
applied with comp factors. - Due Diligence Vendor-07/14/2026 |
Residual Income =/> 1.5
times $3,500 monthly residual income - Residual income is > $3,500 monthly
residual income Verified employment history exceeds guidelines - Business started 8.19.2021, per EA letter in file. Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 680 LTV is less than guideline maximum - Required is 85 Borrower has 75 |
1. 5+ years employment
verified. 2. Residual Income > $3,500 monthly. |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | WA | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | XX | |||
| 200 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE2244 | 2026-07-13 11:18 | 2026-07-16 13:55 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Resolved-Upon further
review, kitchen and bathrooms are located below grade. - Due Diligence
Vendor-07/XX/2026 Ready for Review-The finding is not valid. The field review does not indicate that the subject property lacks a bathroom. Rather, it reflects 0 bathrooms above grade and 1 bathroom located in the finished basement. Specifically, the field review identifies the basement improvements as "2 rooms, 1 bath," confirming the existence of a functional bathroom within the dwelling. Accordingly, the reviewer has misinterpreted the appraisal data by relying solely on the above-grade room count without considering the finished below-grade improvements. The appraisal and field review adequately document the property's bathroom count, and no additional condition is warranted. We respectfully request that this finding be removed. - Seller-07/XX/2026 Open-Property Issues are identified for the property The Appraisal indicates the number of bathroom is 0.0. Addition condition may apply, pending review. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-The
finding is not valid. The field review does not indicate that the subject
property lacks a bathroom. Rather, it reflects 0 bathrooms above grade and 1
bathroom located in the finished basement. Specifically, the field review
identifies the basement improvements as "2 rooms, 1 bath,"
confirming the existence of a functional bathroom within the dwelling.
Accordingly, the reviewer has misinterpreted the appraisal data by relying
solely on the above-grade room count without considering the finished
below-grade improvements. The appraisal and field review adequately document
the property's bathroom count, and no additional condition is warranted. We
respectfully request that this finding be removed. - Seller-07/XX/2026 |
Resolved-Upon further
review, kitchen and bathrooms are located below grade. - Due Diligence
Vendor-07/16/2026 |
Long term residence -
Borrower has owned subject property since 7/2025 with no lates Months Reserves exceed minimum required - Reserves = 93.13 months – Required Reserves = 6 Months |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | KY | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | |||
| 200 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE1200 | 2026-07-13 12:39 | 2026-07-13 13:46 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Originator
exception granted and in file, waiver applied with comp factors… - Due
Diligence Vendor-07/XX/2026 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $100000 Approved exception in file for loan amount being less than guideline requirements of $100K. - Due Diligence Vendor-07/XX/2026 |
Waived-Originator exception
granted and in file, waiver applied with comp factors… - Due Diligence
Vendor-07/13/2026 |
Long term residence -
Borrower has owned subject property since 7/2025 with no lates Months Reserves exceed minimum required - Reserves = 93.13 months – Required Reserves = 6 Months |
fico 20 points above the
min Ratio greater than 1.20 |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | KY | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XX | |||
| 404 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | GA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 348 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE5782 | 2026-07-13 17:06 | 2026-08-14 15:30 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM -
Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Attached is the Final DV 7-16 with UDM monitoring stopped date of 7-09-26. - Seller-08/XX/2026 Counter-Received Fraud/Drive report dated 06/XX/2026 reflects UDM not started. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the Final DV 6-23-26 - Seller-07/XX/2026 Open-Borrower 1 Gap Credit Report is Missing Missing the Gap Credit Report. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the Final DV 7-16 with UDM monitoring stopped date of
7-09-26. - Seller-08/XX/2026 Ready for Review-Document Uploaded. Attached is the Final DV 6-23-26 - Seller-07/XX/2026 |
Resolved-Received UDM - Due
Diligence Vendor-08/14/2026 |
Long term residence -
Borrower has resided in current home for over 22 years. Long term resident.
LTV is less than guideline maximum - Max LTV is 80 Borrower has 70 Required is 80 Borrower has 70 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 348 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3635 | 2026-07-20 09:52 | 2026-07-22 09:07 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Received
breakdown for additional fees on LE's. Finding Resolved. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-07/XX/2026 Counter-Initial LE has additional Charges but does not contain an addendum of what those charges are. The breakdown you provided doesn't match the initial LE. Please provide an addendum of a breakdown of the $2,128.00 additional charges on the initial LE and Revised LE. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. see attached - Seller-07/XX/2026 Open-***NEW****--Ten (10%) tolerance fees (Settlement Fees, Title Wrire Fee and Recording Fees) increased by $3,212.50 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 $1,905.70, 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 09/XX/2026 (2) within 60 days of discovery expires 09/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 07/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached -
Seller-07/XX/2026 Ready for Review-Document Uploaded. see attached - Seller-07/XX/2026 |
Resolved-Received breakdown
for additional fees on LE's. Finding Resolved. - Due Diligence
Vendor-07/22/2026 |
Long term residence -
Borrower has resided in current home for over 22 years. Long term resident.
LTV is less than guideline maximum - Max LTV is 80 Borrower has 70 Required is 80 Borrower has 70 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 348 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE1206 | 2026-07-13 17:10 | 2026-07-20 11:54 | 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/XX/2026 Ready for Review-Document Uploaded. Attached is the Final DV 7-16, SAM.Gov and OFAC - no matches found - Seller-07/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists The Fraud report is missing the Seller(s) and Real Estate Agent(s) checked on the Exclusionary Lists. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the Final DV 7-16, SAM.Gov and OFAC - no matches found
- Seller-07/XX/2026 |
Resolved-Received Fraud
Report w/All Interested Parties Checked against Exclusionary Lists - Due
Diligence Vendor-07/20/2026 |
Long term residence -
Borrower has resided in current home for over 22 years. Long term resident.
LTV is less than guideline maximum - Max LTV is 80 Borrower has 70 Required is 80 Borrower has 70 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 348 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE1205 | 2026-07-13 17:10 | 2026-07-20 11:54 | 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/XX/2026 Ready for Review-Document Uploaded. Attached is the Final DV 7-16 , OFAC and SAM.GOV - no matches found - Seller-07/XX/2026 Open-OFAC Check Not Completed and/or Cleared The Fraud report is missing the Seller(s) and Real Estate Agent(s) checked on the OFAC Lists. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the Final DV 7-16 , OFAC and SAM.GOV - no matches found
- Seller-07/XX/2026 |
Resolved-Received updated
fraud report reflecting all interested parties. - Due Diligence
Vendor-07/20/2026 |
Long term residence -
Borrower has resided in current home for over 22 years. Long term resident.
LTV is less than guideline maximum - Max LTV is 80 Borrower has 70 Required is 80 Borrower has 70 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 348 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE0108 | 2026-07-13 16:43 | 2026-07-20 11:50 | Resolved | 1 - Information | C | A | Credit | Insurance | XX Coverage not met | Resolved-Received
explanation, Limited Review Process. According to Fannie Mae Selling Guide
B7-4-02 (XX/Crime Insurance Requirements), condo projects underwritten using
the Limited Review method are explicitly excepted from XX/crime insurance
validation. - Due Diligence Vendor-07/XX/2026 Ready for Review-Per the Condo Underwriter's determination, this loan was approved via the Limited Review Process. According to Fannie Mae Selling Guide B7-4-02 (XX/Crime Insurance Requirements), condo projects underwritten using the Limited Review method are explicitly excepted from XX/crime insurance validation. - Seller-07/XX/2026 Open-XX Coverage not met. Missing proof of sufficient XX Coverage. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Per the
Condo Underwriter's determination, this loan was approved via the Limited
Review Process. According to Fannie Mae Selling Guide B7-4-02 (XX/Crime
Insurance Requirements), condo projects underwritten using the Limited Review
method are explicitly excepted from XX/crime insurance validation. - Seller-07/XX/2026 |
Resolved-Received
explanation, Limited Review Process. According to Fannie Mae Selling Guide
B7-4-02 (XX/Crime Insurance Requirements), condo projects underwritten using
the Limited Review method are explicitly excepted from XX/crime insurance
validation. - Due Diligence Vendor-07/20/2026 |
Long term residence -
Borrower has resided in current home for over 22 years. Long term resident.
LTV is less than guideline maximum - Max LTV is 80 Borrower has 70 Required is 80 Borrower has 70 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | |||
| 348 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCOM5814 | 2026-07-10 18:00 | 2026-07-20 10:21 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID: Closing Disclosure Deficiency | Resolved-Received PCCD
07/XX/2026. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-07/XX/2026 Open-All closing disclosures, including final cd total closing costs is inaccurate, appears to be missing additional fees disclosed on previous LEs of $2,127.50. Please provide corrected PCCD showing all fees assessed to borrower, additional findings may apply upon receipt. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached - Seller-07/XX/2026 |
Resolved-Received PCCD
07/17/2026. Finding Resolved. - Due Diligence Vendor-07/20/2026 |
Long term residence -
Borrower has resided in current home for over 22 years. Long term resident.
LTV is less than guideline maximum - Max LTV is 80 Borrower has 70 Required is 80 Borrower has 70 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 348 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3540 | 2026-07-10 17:55 | 2026-07-17 08:47 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-APR changed in
borrower benefit, borrower received at closing. Finding Resolved. - Due
Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-07/XX/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"UXX 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 06/XX/2026 is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is 07/XX/2029. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached -
Seller-07/XX/2026 |
Resolved-APR changed in
borrower benefit, borrower received at closing. Finding Resolved. - Due
Diligence Vendor-07/17/2026 |
Long term residence -
Borrower has resided in current home for over 22 years. Long term resident.
LTV is less than guideline maximum - Max LTV is 80 Borrower has 70 Required is 80 Borrower has 70 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 332 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3635 | 2026-07-10 16:54 | 2026-07-15 08:00 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Upon further
review, the document(s) are located in original file, nothing further
required. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Please review condition The recording fees were initially disclosed at $385 and the loan closed at $234.50 - Seller-07/XX/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% ($2,478.25) exceed the comparable charges ($1,110.00) 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 (Recording Fee, Wire Transfer Fee) increased by $1,257.25 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 $1257.25, 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 09/XX/2026 (2) within 60 days of discovery expires 09/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 07/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Please
review condition The recording fees were initially disclosed at $385 and the loan closed at $234.50 - Seller-07/XX/2026 |
Resolved-Upon further
review, the document(s) are located in original file, nothing further
required. - Due Diligence
Vendor-07/15/2026 |
Qualifying DTI below maximum
allowed - . Required is 50 Borrower has 33.61 LTV is less than guideline maximum - . Required is 80 Borrower has 75 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | |||
| 399 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE0197 | 2026-07-14 08:47 | 2026-07-16 14:58 | Resolved | 1 - Information | C | A | Credit | Eligibility | The Final SELLER CD/HUD is missing | Resolved-Fully executed
Seller CD received - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached - Seller-07/XX/2026 Open-Missing the Seller's Final CD. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached -
Seller-07/XX/2026 |
Resolved-Fully executed
Seller CD received - Due Diligence Vendor-07/16/2026 |
LTV is less than guideline
maximum - Required is 85 Borrower has
80 Qualifying DTI below maximum allowed - Required is 45 Borrower has 27.74 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 725 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 399 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1206 | 2026-07-14 08:31 | 2026-07-16 14:57 | 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/XX/2026
Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Open-All Interested Parties Not Checked with Exclusionary Lists Missing all required participants including the Seller(s), Real Estate Agent(s) and Settlement Agent(s) on the Exclusionary Lists including OFAC. Upon receipt additional findings may apply. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Please see attached. -
Seller-07/XX/2026 |
Resolved-All Interested
Parties Checked against Exclusionary Lists - Due Diligence
Vendor-07/16/2026 |
LTV is less than guideline
maximum - Required is 85 Borrower has
80 Qualifying DTI below maximum allowed - Required is 45 Borrower has 27.74 Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 725 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 341 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 366 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NC | Investment | purchase | NA | |||||||||||||||||||
| 264 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE8013 | 2026-07-13 18:01 | 2026-07-22 11:29 | Resolved | 1 - Information | C | A | Credit | Eligibility | purchase Contract Issue | Resolved-Lender provided
purchase contract amendment for the sales price of $XX. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. attached is the purchase contract amendment for the sales price of $XX - Seller-07/XX/2026 Open-Loan Purpose is purchase but purchase Contract is only Partially Provided. Missing purchase contract or addendum, with sale price listed on Final and Post Close CD. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. attached is the purchase contract amendment for the sales price of
$XX - Seller-07/XX/2026 |
Resolved-Lender provided
purchase contract amendment for the sales price of $XX. - Due Diligence
Vendor-07/22/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 12.45 Verified employment history exceeds guidelines - Verified employment history exceeds guidelines – Employed 5+ Years – Minimum = 2 Years Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income =/> 1.5 times $3,500 monthly residual income - Qualifying residual income = $48,004.71; minimum required NONE |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 264 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1183 | 2026-07-13 19:39 | 2026-07-16 13:34 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Partially Provided | Resolved-Received
corrected 1008 - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. added the purchase contract amendment which supports the final purchase price of $XX - Seller-07/XX/2026 Ready for Review-Document Uploaded. The updated 1008 has been uploaded with the correct income used to qualify. Waiting for the purchase contract amendment with the reduced sales price of $XX - Seller-07/XX/2026 Open-Approval/Underwriting Summary Partially Provided. The 1008 and Conditional Loan Approval in file with the correct loan amount shows and income amount higher than verified and a sales price that is not listed on contract or addendums. An additional 1008 was provided with income that can be verified by the P&L and has the sales price matching the counter offer No.1, with incorrect loan amount and appraised value. Provide a revised final approval is required. Additional findings may apply. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. added the purchase contract amendment which supports the final
purchase price of $XX -
Seller-07/XX/2026 Ready for Review-Document Uploaded. The updated 1008 has been uploaded with the correct income used to qualify. Waiting for the purchase contract amendment with the reduced sales price of $XX - Seller-07/XX/2026 |
Resolved-Received corrected
1008 - Due Diligence Vendor-07/16/2026 |
Qualifying DTI below maximum
allowed - Required is 50 Borrower has 12.45 Verified employment history exceeds guidelines - Verified employment history exceeds guidelines – Employed 5+ Years – Minimum = 2 Years Residual Income =/> 1.5 times $3,500 monthly residual income - Residual Income =/> 1.5 times $3,500 monthly residual income - Qualifying residual income = $48,004.71; minimum required NONE |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 393 | XX | XX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | TX | Primary Residence | purchase | NA | |||||||||||||||||||
| 217 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE0045 | 2026-07-14 12:49 | 2026-07-16 15:51 | Resolved | 1 - Information | C | A | Credit | Eligibility | Foreign National/Non Perm resident alien but ACH form is not in file | Resolved-Received ACH
form. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. see the attached missing document - Seller-07/XX/2026 Open-Foreign National but the ACH form is Missing from file. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. see the attached missing document
- Seller-07/XX/2026 |
Resolved-Received ACH form.
- Due Diligence Vendor-07/16/2026 |
Credit history exceeds
minimum required - 0X30X24 subject mortgage history verified Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 62.63m |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 217 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2026-07-14 12:56 | 2026-07-14 14:38 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Originator
exception granted and in file, waiver applied with comp factors. - Due
Diligence Vendor-07/XX/2026 Open-Audited LTV of 75% exceeds Guideline LTV of 70% Lender Exception: Approved for 75% LTV, program max is 70% for FL Rate/Term Refi. - Due Diligence Vendor-07/XX/2026 |
Waived-Originator exception
granted and in file, waiver applied with comp factors. - Due Diligence
Vendor-07/14/2026 |
Credit history exceeds
minimum required - 0X30X24 subject mortgage history verified Months Reserves exceed minimum required - Lender minimum reserves 6m PITIA, borrower reserves 62.63m |
1. 6+m reserves above
minimum 2. 0X30X24 mtg history |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | XX | |||
| 397 | XX | XX | 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 | $XX | CA | Primary Residence | Refinance | Cash Out - Other | |||||||||||||||||||
| 387 | XX | XX | 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 | $XX | CA | Primary Residence | purchase | NA | |||||||||||||||||||
| 392 | XX | XX | D | B | A | A | D | B | A | A | Closed | FCOM5135 | 2026-07-31 12:13 | 2026-08-04 15:09 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Resolved-Received copy of
SPL and note that they are not an affiliate. - Due Diligence
Vendor-08/XX/2026 Ready for Review-Document Uploaded. SSPL attached show Escrows for You. This company is not affiliated with XX Mortgage - Seller-08/XX/2026 Open-Required Affiliated Business Disclosure Missing Missing Affiliated Business disclosure, unable to test fee tolerance properly. Additional Findings may apply upon receipt. Statute of Limitations 3 years - Expiration Date is 07/XX/2029. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. SSPL attached show Escrows for You. This company is not affiliated
withXX - Seller-08/XX/2026 |
Resolved-Received copy of
SPL and note that they are not an affiliate. - Due Diligence
Vendor-08/04/2026 |
Guideline Qualifying DTI
below maximum allowed - Required is
50.49 Borrower has 36.96 Guideline LTV is less than guideline maximum - Required is 75 Borrower has 44.67 Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 681 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 392 | XX | XX | D | B | A | A | D | B | A | A | Closed | finding-3652 | 2026-07-31 14:23 | 2026-08-04 15:07 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received LE
06/XX/2026. Finding Resolved. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-08/XX/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 ($10,050.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($10,500.00). 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 $10,500.00 to $10,050.00 without a valid COC in file. (Missing Initial LE dated 6/XX/26). Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $450.00, 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 08/XX/2026 (2) within 60 days of discovery expires 09/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 07/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached -
Seller-08/XX/2026 |
Resolved-Received LE
06/12/2026. Finding Resolved. - Due Diligence Vendor-08/04/2026 |
Guideline Qualifying DTI
below maximum allowed - Required is
50.49 Borrower has 36.96 Guideline LTV is less than guideline maximum - Required is 75 Borrower has 44.67 Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 681 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 392 | XX | XX | D | B | A | A | D | B | A | A | Closed | finding-3634 | 2026-07-31 14:23 | 2026-08-04 15:07 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received LE
06/XX/2026. Finding Resolved. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-08/XX/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 $14,841.15.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 $14,854.15 without a valid COC in file. (Missing Initial LE dated 6/12) Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $14,854.15, 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 8/XX/2026 (2) within 60 days of discovery expires 9/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 07/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached -
Seller-08/XX/2026 |
Resolved-Received LE
06/12/2026. Finding Resolved. - Due Diligence Vendor-08/04/2026 |
Guideline Qualifying DTI
below maximum allowed - Required is
50.49 Borrower has 36.96 Guideline LTV is less than guideline maximum - Required is 75 Borrower has 44.67 Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 681 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 392 | XX | XX | D | B | A | A | D | B | A | A | Closed | finding-3635 | 2026-07-31 14:23 | 2026-08-04 15:07 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Received LE
06/XX/2026. Finding Resolved. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-08/XX/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% ($2,649.75) 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). -----Ten (10%) tolerance fees increased by $2,648.75 without a valid COC in file. (Missing Initial LE dated 6/12) Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $2,649.75, 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 8/XX/2026 (2) within 60 days of discovery expires 09/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 07/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached -
Seller-08/XX/2026 |
Resolved-Received LE
06/12/2026. Finding Resolved. - Due Diligence Vendor-08/04/2026 |
Guideline Qualifying DTI
below maximum allowed - Required is
50.49 Borrower has 36.96 Guideline LTV is less than guideline maximum - Required is 75 Borrower has 44.67 Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 681 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 392 | XX | XX | D | B | A | A | D | B | A | A | Closed | finding-3515 | 2026-07-31 14:23 | 2026-08-04 15:07 | Resolved | 1 - Information | C | A | Compliance | TRID | Initial Loan Estimate Delivery Date Test (from application) | Resolved-Received LE
06/XX/2026. Finding Resolved. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-08/XX/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 XX, 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:As not being open on SundayAs not being open on SaturdayPLEASE NOTE: If a conflict results from the client preferences configured on the company settings business days profile page such that a day is marked as both open and closed, XX calculations will presume the company's offices are closed to the public for carrying on substantially all of its business functions. If this is not the appropriate result, you must revise your settings to remove the conflict.The 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. Additional Findings may apply upon receipt. statute of Limitations - 1 year, expiration date 07/XX/2027. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached - Seller-08/XX/2026 |
Resolved-Received LE
06/12/2026. Finding Resolved. - Due Diligence Vendor-08/04/2026 |
Guideline Qualifying DTI
below maximum allowed - Required is
50.49 Borrower has 36.96 Guideline LTV is less than guideline maximum - Required is 75 Borrower has 44.67 Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 681 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 392 | XX | XX | D | B | A | A | D | B | A | A | Closed | FCOM1266 | 2026-07-31 12:13 | 2026-07-31 12:13 | Waived | 2 - Non-Material | B | 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-07/XX/2026 | Waived-Homeownership
Counseling Disclosure Is Missing Originator waiver applied to non-material
findings. - Due Diligence
Vendor-07/31/2026 |
Guideline Qualifying DTI
below maximum allowed - Required is
50.49 Borrower has 36.96 Guideline LTV is less than guideline maximum - Required is 75 Borrower has 44.67 Guideline Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 681 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | XX | ||||
| 184 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2026-07-14 15:57 | 2026-08-13 15:39 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received final
title policy which does not reflect any open. Lender explained with the final
title policy and the print out from the NYC Buildings reflecting that -0-
violations open for the subject property. This supports the ECB was cured. -
Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. See the attached copy of the final title policy which does not reflect any open. Therefore, with the final title policy and the print out from the NYC Buildings reflecting that -0- violations open for the subject property. This supports the ECB was cured. - Seller-08/XX/2026 Counter-OATH reflects 3 items dismissed or written off. page 659-668 reflects 26 entries. Please provide evidence of these being paid off or copy of title policy. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. See the attached print out from the NYC Buildings reflecting that -0- violations open for the subject property. Therefore item #XX cured. - Seller-07/XX/2026 Open-Property Title Issue Missing documentation to show Exception #XXCB's) will be paid at or prior to the Closing. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See the attached copy of the final title policy which does not
reflect any open. Therefore, with the final title policy and the print out from the XX Buildings reflecting that -0- violations open for the subject property. This supports the ECB was cured. - Seller-08/XX/2026 Ready for Review-Document Uploaded. See the attached print out from the NYC Buildings reflecting that -0- violations open for the subject property. Therefore item #XX cured. - Seller-07/XX/2026 |
Resolved-Received final
title policy which does not reflect any open. Lender explained with the final
title policy and the print out from the XX Buildings reflecting that -0-
violations open for the subject property. This supports the ECB was cured. -
Due Diligence Vendor-08/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 680 Borrower has 745 DSCR % greater than 1.20 - DSCR min is 1, borrower has 1.393. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | N/A | N/A | XX | ||
| 184 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE0197 | 2026-07-14 17:15 | 2026-07-17 13:21 | Resolved | 1 - Information | C | A | Credit | Eligibility | The Final SELLER CD/HUD is missing | Resolved-Received seller
CD signed by seller and title - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. See the attached seller and buyer CD - Seller-07/XX/2026 Open-The Final SELLER CD/HUD is missing. The Final SELLER CD/HUD is missing - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See the attached seller and buyer CD - Seller-07/XX/2026 |
Resolved-Received seller CD
signed by seller and title - Due Diligence Vendor-07/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 680 Borrower has 745 DSCR % greater than 1.20 - DSCR min is 1, borrower has 1.393. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | N/A | N/A | XX | ||
| 184 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE7009 | 2026-07-14 16:16 | 2026-07-17 13:03 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Received EOI
reflecting policy with 100% replacement cost. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the insurance policy that reflects the policy has 100% replacement cost. Therefore, the loan file contains sufficient coverage. - Seller-07/XX/2026 Open-Insufficient Coverage Amount for Insured Subject Property. Hazard insurance dwelling coverage is not sufficient. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the insurance policy that reflects the policy has 100%
replacement cost. Therefore, the loan file contains sufficient coverage. - Seller-07/XX/2026 |
Resolved-Received EOI
reflecting policy with 100% replacement cost. - Due Diligence
Vendor-07/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program -
Required is 680 Borrower has 745 DSCR % greater than 1.20 - DSCR min is 1, borrower has 1.393. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | N/A | N/A | XX | ||
| 333 | XX | XX | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2026-07-14 15:21 | 2026-07-14 15:31 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Originator exception granted and in file,
waiver applied with comp factors. - Due Diligence Vendor-07/XX/2026 Open-Audited LTV of 75% exceeds Guideline LTV of 70% . Declining market requires a 5% LTV reduction . (FTHB ). - Due Diligence Vendor-07/XX/2026 |
Waived-Originator exception granted and in file,
waiver applied with comp factors. - Due Diligence Vendor-07/14/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
802 Months Reserves exceed minimum required - Months Reserves exceed minimum required. Borrower has 20.43 months of reserves and only needs 6 to qualify. |
-Required is 700 Borrower
has 802 - Borrower has 20.43 months of reserves and only needs 6 to qualify. |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | Originator Post-Close | Yes | XX | |||
| 350 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2026-07-15 07:32 | 2026-08-13 14:13 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing History
provided for subject. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Attached is the 12 months mortgage payment history for XX with #XX Servicing #XX - Seller-08/XX/2026 Counter-Received documentation supporting XX in same parcel as subject XX, as well as revised 1003 removing property 3d. File is mIssing 12mo pay history for #XX XX. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The finding has been addressed. XX, CA has been removed from the Verification of Mortgage (VOM) and the updated 1003 because it is not a separate borrower-owned property. It is an improvement located on the same parcel as the subject property and was inadvertently entered as a separate property on the original loan application. The confusion resulted from: XX being mistakenly listed as a separate property on the 1003. An incorrect property tax bill for an unrelated property being uploaded to the loan file. That tax bill is attached to demonstrate it does not pertain to the subject parcel. The following documents have been provided: Updated 1003 removing XX as a separate property. Updated VOM removing the duplicate property entry. The incorrect tax bill for reference, confirming it was associated with the wrong property. An updated Lender Page reflecting the hazard insurance premium applicable to the unit. Since XX. is part of the same parcel as the subject property and does not have a separate mortgage or lien, no proof of separate free-and-clear ownership is required. The loan file has been corrected to accurately reflect the property information. Accordingly, this finding should be removed. - Seller-07/XX/2026 Ready for Review-Document Uploaded. The finding is not supported. XX, CA is not a separate borrower-owned property requiring independent housing history documentation. Rather, it is an improvement located on the same parcel as the subject property located at XX, CA. The attached supporting documentation confirms: Building permit identifying XX. and reflecting the same APN as the subject property. Parcel map demonstrating that the corner lot fronts both E. XX and XX, resulting in two site addresses associated with the same parcel. Hazard Insurance Declaration Page for XX, which identifies the same #XX loan number and loss payee as the mortgage secured by the subject property. These documents establish that XX is simply an alternate site address/improvement on the subject property's parcel and did not have a separate mortgage or lien. The only encumbrance was the #XX loan secured by the subject property, which was paid off through this transaction. Accordingly, there is no separate property for which proof of free-and-clear ownership or separate housing history is required. Please review the attached documentation and remove this finding. - Seller-07/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Missing proof that Property 4 (3d) is owned Free and Clear. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the 12 months mortgage payment history for XX with #XX
Servicing #XX - Seller-08/XX/2026 Ready for Review-Document Uploaded. The finding has been addressed. XX has been removed from the Verification of Mortgage (VOM) and the updated 1003 because it is not a separate borrower-owned property. It is an improvement located on the same parcel as the subject property and was inadvertently entered as a separate property on the original loan application. The confusion resulted from: XX being mistakenly listed as a separate property on the 1003. An incorrect property tax bill for an unrelated property being uploaded to the loan file. That tax bill is attached to demonstrate it does not pertain to the subject parcel. The following documents have been provided: Updated 1003 removing XX as a separate property. Updated VOM removing the duplicate property entry. The incorrect tax bill for reference, confirming it was associated with the wrong property. An updated Lender Page reflecting the hazard insurance premium applicable to the unit. Since XX. is part of the same parcel as the subject property and does not have a separate mortgage or lien, no proof of separate free-and-clear ownership is required. The loan file has been corrected to accurately reflect the property information. Accordingly, this finding should be removed. - Seller-07/XX/2026 Ready for Review-Document Uploaded. The finding is not supported. XX is not a separate borrower-owned property requiring independent housing history documentation. Rather, it is an improvement located on the same parcel as the subject property located at XX XX The attached supporting documentation confirms: Building permit identifying XX and reflecting the same APN as the subject property. Parcel map demonstrating that the corner lot fronts both XX, resulting in two site addresses associated with the same parcel. Hazard Insurance Declaration Page for XX., which identifies the same #XX loan number and loss payee as the mortgage secured by the subject property. These documents establish that XX is simply an alternate site address/improvement on the subject property's parcel and did not have a separate mortgage or lien. The only encumbrance was the #XX loan secured by the subject property, which was paid off through this transaction. Accordingly, there is no separate property for which proof of free-and-clear ownership or separate housing history is required. Please review the attached documentation and remove this finding. - Seller-07/XX/2026 |
Resolved-Housing History
provided for subject. - Due Diligence Vendor-08/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 680 Borrower has 777
Required is 680 Borrower has 777 LTV is less than guideline maximum - Max LTV is 80 Borrower has 75 Required is 80 Borrower has 75 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 350 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1505 | 2026-07-15 07:32 | 2026-08-13 14:13 | 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-08/XX/2026 Resolved-Updated 1003 was provided. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Attached is the updated PC 1003 - Seller-08/XX/2026 Counter-Received 20 page doc (XX/XX is Heloc secured by primary 3b) most recent activity statement reflect payment made reducing UPB from $400k to $300k ( interest rate increased from 5.99% on activity statement for payment due 07/XX/2026 to 7.50% reflected on activity statement with next due 08/XX/2026 next payment dis $2,011.98.Please provide revised 1003 reflecting new payment instead of prior payment $1747 - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The finding is not supported. The XX Bank tradeline identified on the Fraud Report (UDM Detailed Report) is not a new or undisclosed debt. It is the same mortgage obligation that was previously reported as XX on the credit report. Attached is the XX mortgage statement, which reflects the same monthly payment amount as the XX obligation, confirming that it is the same loan. Also attached is supporting documentation verifying that XX acquired XX's residential mortgage servicing, explaining why the obligation appears under different lender names. The Data Verify/Fraud Report reflects the loan as XX Bank, while the credit report reflects the same obligation as XX. This is the result of a servicer/lender name change and does not represent a new or undisclosed tradeline. The liability was included in the underwriting analysis, and the updated reporting reflects only the servicing transfer. Accordingly, no additional debt exists, and the borrower's tradelines continue to meet guideline requirements. Please review the attached XX mortgage statement and supporting documentation confirming XX's acquisition of XX's mortgage servicing and remove this finding. - Seller-07/XX/2026 Open-The Tradelines for the borrower(s) do not meet the guideline requirements. Provide clarification of what the XX Bank ($2011 with balance of $402916.) on the Fraud Report under UDM Detailed Report is for. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the updated PC 1003 - Seller-08/XX/2026 Ready for Review-Document Uploaded. The finding is not supported. The XX Bank tradeline identified on the Fraud Report (UDM Detailed Report) is not a new or undisclosed debt. It is the same mortgage obligation that was previously reported as XX on the credit report. Attached is the XX mortgage statement, which reflects the same monthly payment amount as the XX obligation, confirming that it is the same loan. Also attached is supporting documentation verifying that XX acquired XX's residential mortgage servicing, explaining why the obligation appears under different lender names. The Data Verify/Fraud Report reflects the loan as XX Bank, while the credit report reflects the same obligation as XX. This is the result of a servicer/lender name change and does not represent a new or undisclosed tradeline. The liability was included in the underwriting analysis, and the updated reporting reflects only the servicing transfer. Accordingly, no additional debt exists, and the borrower's tradelines continue to meet guideline requirements. Please review the attached XX mortgage statement and supporting documentation confirming XX's acquisition of XX's mortgage servicing and remove this finding. - Seller-07/XX/2026 |
Resolved-The Tradelines for
the borrower(s) meets the guideline requirements or is not applicable. - Due
Diligence Vendor-08/13/2026 Resolved-Updated 1003 was provided. - Due Diligence Vendor-08/13/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 680 Borrower has 777
Required is 680 Borrower has 777 LTV is less than guideline maximum - Max LTV is 80 Borrower has 75 Required is 80 Borrower has 75 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 350 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCOM9701 | 2026-07-15 07:45 | 2026-07-24 11:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Property 2: Other Property Insurance Policy Missing or Incomplete | Resolved-HELOC statement
matches with HELOC on credit report - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The finding should be cleared. The account referenced on the XX HELOC statement ending in XX and the account identified on the credit report/1003 as XX represent the same #XXLine of Credit (HELOC) obligation. The apparent discrepancy is due to the manner in which the credit repositories report account numbers. On the credit report: Equifax (EF) reports the XX HELOC using one masked account identifier. Experian (XP) and TransUnion (TU) report the same XX HELOC using a different masked account identifier. It is common for credit repositories to mask or truncate account numbers differently for security purposes, resulting in different account suffixes for the same underlying obligation. In this case, the duplicate trade lines represent the same HELOC, and one duplicate was excluded during the underwriting review to avoid double-counting the liability. The submitted XX HELOC statement confirms the obligation is current, reflects no past due balance, and verifies the monthly payment used in the underwriting analysis. The liability has been properly documented and considered in qualifying the borrower. Accordingly, the most recent XX HELOC statement satisfies the documentation requirement for Property 2 (3b). Please review the attached documentation and remove this finding. - Seller-07/XX/2026 Counter-Received LOC XX statement. 1003 reflects primary subject to second and identifies LOC as XX. condition remains. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The requested XX Mortgage Statement for Property 2 (3b) has been reviewed. The XX account is a #XXLine of Credit (HELOC) and not a traditional mortgage loan. The provided HELOC statement confirms the account information, including: Payment due date: 07/XX/2026 Past due amount: $0.00 Current monthly payment: $1,772.76 Last payment date: 05/XX/2026 Last payment amount: $3,358.05 The statement confirms the HELOC is current with no delinquent balance. The monthly obligation has been verified and considered in the underwriting review. No additional documentation is warranted. - Seller-07/XX/2026 Open-Missing for Property 2 (3b) the most recent XX Mortgage Statement. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The finding should be cleared. The account referenced on the XX
HELOC statement ending in XX and the account identified on the credit
report/1003 as XX represent the same #XXLine of Credit (HELOC) obligation. The apparent discrepancy is due to the manner in which the credit repositories report account numbers. On the credit report: Equifax (EF) reports the XX HELOC using one masked account identifier. Experian (XP) and TransUnion (TU) report the same XX HELOC using a different masked account identifier. It is common for credit repositories to mask or truncate account numbers differently for security purposes, resulting in different account suffixes for the same underlying obligation. In this case, the duplicate trade lines represent the same HELOC, and one duplicate was excluded during the underwriting review to avoid double-counting the liability. The submitted XX HELOC statement confirms the obligation is current, reflects no past due balance, and verifies the monthly payment used in the underwriting analysis. The liability has been properly documented and considered in qualifying the borrower. Accordingly, the most recent XX HELOC statement satisfies the documentation requirement for Property 2 (3b). Please review the attached documentation and remove this finding. - Seller-07/XX/2026 Ready for Review-Document Uploaded. The requested XX Mortgage Statement for Property 2 (3b) has been reviewed. The XX account is a #XXLine of Credit (HELOC) and not a traditional mortgage loan. The provided HELOC statement confirms the account information, including: Payment due date: 07/XX/2026 Past due amount: $0.00 Current monthly payment: $1,772.76 Last payment date: 05/XX/2026 Last payment amount: $3,358.05 The statement confirms the HELOC is current with no delinquent balance. The monthly obligation has been verified and considered in the underwriting review. No additional documentation is warranted. - Seller-07/XX/2026 |
Resolved-HELOC statement
matches with HELOC on credit report - Due Diligence Vendor-07/24/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 680 Borrower has 777
Required is 680 Borrower has 777 LTV is less than guideline maximum - Max LTV is 80 Borrower has 75 Required is 80 Borrower has 75 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 391 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1507 | 2026-07-14 23:55 | 2026-07-17 14:44 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Discrepancy between Originator QM Status and Final QM Status | Resolved-Corrected The
Originator QM Status and Final QM Status are the same. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. This has always been a NONQM loan. See XX - Seller-07/XX/2026 Open-The Originator QM Status is not the same as the Final QM Status. QM points and fees exceeded - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. This has always been a NONQM loan. See XX - Seller-07/XX/2026 |
Resolved-Corrected The
Originator QM Status and Final QM Status are the same. - Due Diligence
Vendor-07/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - FICO Required is 680 Borrower has
740. Required is 680 Borrower has 740 Qualifying DTI below maximum allowed - DTI Required is 50% Borrower has 39.06%. Required is 50 Borrower has 39.06 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 391 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE8887 | 2026-07-13 15:33 | 2026-07-16 13:25 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Received fully
executed 1003's - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. see the attached signed 1003 by both parties - Seller-07/XX/2026 Open-Missing executed Final 1003 in file - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. see the attached signed 1003 by both parties - Seller-07/XX/2026 |
Resolved-Received fully
executed 1003's - Due Diligence Vendor-07/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - FICO Required is 680 Borrower has
740. Required is 680 Borrower has 740 Qualifying DTI below maximum allowed - DTI Required is 50% Borrower has 39.06%. Required is 50 Borrower has 39.06 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 391 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE0202 | 2026-07-14 20:25 | 2026-07-16 13:25 | Resolved | 1 - Information | C | A | Credit | Eligibility | Required ACH form is missing from the file | Resolved-Received fully
executed ACH form - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. see the attached ACH form signed by both parties - Seller-07/XX/2026 Open-Required ACH form is missing from the file. Provide Missing ACH. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. see the attached ACH form signed by both parties - Seller-07/XX/2026 |
Resolved-Received fully
executed ACH form - Due Diligence Vendor-07/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - FICO Required is 680 Borrower has
740. Required is 680 Borrower has 740 Qualifying DTI below maximum allowed - DTI Required is 50% Borrower has 39.06%. Required is 50 Borrower has 39.06 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | FL | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 407 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2026-07-15 09:55 | 2026-07-17 15:10 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Received Fraud
Report. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is a copy of the updated DV with all participants - Seller-07/XX/2026 Open-Third Party Fraud Report Partially Provided The following transaction participants were excluded from the fraud report: sellers, real estate agents, appraiser, and appraisal company. Additional conditions may apply, pending review. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is a copy of the updated DV with all participants - Seller-07/XX/2026 |
Resolved-Received Fraud
Report. - Due Diligence Vendor-07/17/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 700 Borrower has
760 Qualifying DTI below maximum allowed - Required is 50.49 Borrower has 33.46 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 421 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE1316 | 2026-07-14 13:55 | 2026-08-04 15:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Received rebuttal
as well as bank statement ending
06/XX/2026 which reflects XX semi monthly deposits, most recent 6/XX/2026 is
pay period immediately preceding Note dated XX. File presents B1 income1
paystub for period 06/XX/2026 - 06/XX/2026 paid 06/XX/2026 which is also pay period immediately preceding the
note. VOE completed using alt
documentation as described on 6.10.1 - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. The finding is not valid. Per Section 6.10.1 – Wage/Salary Borrowers of the XX Mortgage Non-QM Loan Eligibility Guidelines, when a Verbal Verification of Employment (VVOE) cannot be obtained, acceptable alternatives include a year-to-date paystub from the pay period immediately preceding the Note Date or bank statements evidencing a payroll deposit from the pay period immediately preceding the Note Date. The file contains bank statement documentation evidencing XX payroll deposits immediately prior to the XX Note Date. The bank statement for account ending XX, covering 05/XX/2026 through 06/XX/2026, reflects XX payroll deposits dated 06/XX/2026 in the amounts of $988.30 and $911.10. The 06/XX/2026 XX payroll deposits represent the borrower's most recent payroll deposits prior to the Note Date and therefore satisfy the requirement for evidence of payroll activity from the pay period immediately preceding the Note Date. Accordingly, the employment verification requirement was satisfied through the permitted alternative documentation under Section 6.10.1, and an additional VVOE or June 30 paystub is not required. - Seller-07/XX/2026 Counter-Received paystubs for XX period ending date 6/15 and XX period ending 6/22. Neither of these are immediately preceding the Note Date of XX. Please provide month end for XX instead of using verbal VOE. XX to be period ending 6/30 - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Per Section 6.10.1 – Wage/Salary Borrowers of the XX Mortgage Non-QM Loan Eligibility Guidelines, a Verbal Verification of Employment (VVOE) is required within 10 business days of the Note Date. However, the same section provides acceptable alternatives when a VVOE cannot be obtained. Specifically, a year-to-date paystub from the pay period immediately preceding the Note Date or bank statements evidencing a payroll deposit from the pay period immediately preceding the Note Date may be used in lieu of a VVOE. The file contains acceptable alternative documentation meeting the guideline requirements for both XX employments. Therefore, the absence of a verbal VOE does not constitute a guideline deficiency, as the employment verification requirement was satisfied through the permitted alternative documentation. Accordingly, no additional documentation should be required. - Seller-07/XX/2026 Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing the Verbal Verification of Employment for both jobs at XX. Upon receipt additional information maybe required. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The finding is not valid. Per Section 6.10.1 – Wage/Salary
Borrowers of the XX Non-QM Loan Eligibility Guidelines, when a Verbal
Verification of Employment (VVOE) cannot be obtained, acceptable alternatives
include a year-to-date paystub from the pay period immediately preceding the
Note Date or bank statements evidencing a payroll deposit from the pay period
immediately preceding the Note Date. The file contains bank statement documentation evidencing XX payroll deposits immediately prior to the XX Note Date. The bank statement for account ending XX, covering 05/XX/2026 through 06/XX/2026, reflects XX payroll deposits dated 06/XX/2026 in the amounts of $988.30 and $911.10. The 06/XX/2026 XX payroll deposits represent the borrower's most recent payroll deposits prior to the Note Date and therefore satisfy the requirement for evidence of payroll activity from the pay period immediately preceding the Note Date. Accordingly, the employment verification requirement was satisfied through the permitted alternative documentation under Section 6.10.1, and an additional VVOE or June 30 paystub is not required. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Per Section 6.10.1 – Wage/Salary Borrowers of the XXNon-QM Loan Eligibility Guidelines, a Verbal Verification of Employment (VVOE) is required within 10 business days of the Note Date. However, the same section provides acceptable alternatives when a VVOE cannot be obtained. Specifically, a year-to-date paystub from the pay period immediately preceding the Note Date or bank statements evidencing a payroll deposit from the pay period immediately preceding the Note Date may be used in lieu of a VVOE. The file contains acceptable alternative documentation meeting the guideline requirements for both XX employments. Therefore, the absence of a verbal VOE does not constitute a guideline deficiency, as the employment verification requirement was satisfied through the permitted alternative documentation. Accordingly, no additional documentation should be required. - Seller-07/XX/2026 |
Resolved-Received rebuttal
as well as bank statement ending
06/24/2026 which reflects IHHS semi monthly deposits, most recent 6/24/2026
is pay period immediately preceding Note dated XX. File presents B1 income1
paystub for period 06/09/2026 - 06/22/2026 paid 06/29/2026 which is also pay period immediately preceding the
note. VOE completed using alt
documentation as described on 6.10.1 - Due Diligence Vendor-08/04/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 620 Borrower has 727 Required is 620
Borrower has 727 LTV is less than guideline maximum - Max LTV is 90 Borrower has 75 Required is 90 Borrower has 75 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 38.69 Required is 50 Borrower has 38.69 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 421 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3540 | 2026-07-13 14:12 | 2026-07-16 08:37 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-Received signed
CD. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-07/XX/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"UXX 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 07/XX/2026 is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is 07/XX/2029. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached - Seller-07/XX/2026 |
Resolved-Received signed CD.
Finding Resolved. - Due Diligence Vendor-07/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Min FICO is 620 Borrower has 727 Required is 620
Borrower has 727 LTV is less than guideline maximum - Max LTV is 90 Borrower has 75 Required is 90 Borrower has 75 Qualifying DTI below maximum allowed - Max DTI is 50 Borrower has 38.69 Required is 50 Borrower has 38.69 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 305 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | CA | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 340 | XX | XX | 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 | $XX | CA | Primary Residence | Refinance | Cash Out - Other | |||||||||||||||||||
| 372 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1510 | 2026-07-15 06:50 | 2026-08-14 16:53 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete
security instrument inclusive of riders and legal description. - Due
Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Attached is the recorded DOT, exhibit A and PUD Rider. - Seller-08/XX/2026 Counter-Received DOT and Ex A. Missing PUD rider. Lender to confirm DOT rerecorded with PUD rider and Legal. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached is the recorded DOT with Exhibit A - Seller-07/XX/2026 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Legal Descritption on DOT. Upon receipt additional findings may apply. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the recorded DOT, exhibit A and PUD Rider. -
Seller-08/XX/2026 Ready for Review-Document Uploaded. Attached is the recorded DOT with Exhibit A - Seller-07/XX/2026 |
Resolved-Received complete
security instrument inclusive of riders and legal description. - Due
Diligence Vendor-08/14/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 720 Borrower has
740 Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income of $6,985.89 |
XX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 372 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3352 | 2026-07-13 15:35 | 2026-07-15 12:01 | 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/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence Vendor-07/15/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 720 Borrower has
740 Residual Income =/> 1.5 times $3,500 monthly residual income - Residual income of $6,985.89 |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||||
| 325 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | MO | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 380 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE0045 | 2026-07-14 16:01 | 2026-07-20 11:00 | Resolved | 1 - Information | C | A | Credit | Eligibility | Foreign National/Non Perm resident alien but ACH form is not in file | Resolved-Received ACH Form
- Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attach is the ACH form. - Seller-07/XX/2026 Open-Foreign National but the ACH form is Missing from file. An Automatic Payment Authorization (ACH) Form is required for all Foreign National borrowers. Funds must be held in a U.S. bank account. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attach is the ACH form. - Seller-07/XX/2026 |
Resolved-Received ACH Form -
Due Diligence Vendor-07/20/2026 |
Months Reserves exceed
minimum required - Lender minimum reserves 0m PITIA, borrower reserves
749m. Long term residence - Long Term Residence = 3+ years |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 380 | XX | XX | D | A | D | A | A | A | A | A | Closed | FPRO1255 | 2026-07-14 15:24 | 2026-07-20 11:00 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | HOA Questionnaire Document is Missing | Resolved-Condo is
Warrantable per FNMA Approval in file - Questionnaire not required - Due
Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Per Section 9.11 – Condominium Projects, "If an approved Fannie Mae Condo Project Manager (CPM) report is provided, an HOA questionnaire is not required." The file contains an approved Fannie Mae Condo Project Manager (CPM) Report, which documents the project's warrantability. Therefore, the requirement for an HOA Questionnaire is waived in accordance with Section 9.11, and the finding should be considered resolved. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Attached is the ACH form - Seller-07/XX/2026 Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Missing HOA Questionnaire Document - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Per Section 9.11 – Condominium Projects, "If an approved
Fannie Mae Condo Project Manager (CPM) report is provided, an HOA
questionnaire is not required." The file contains an approved Fannie Mae
Condo Project Manager (CPM) Report, which documents the project's
warrantability. Therefore, the requirement for an HOA Questionnaire is waived
in accordance with Section 9.11, and the finding should be considered
resolved. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Attached is the ACH form - Seller-07/XX/2026 |
Resolved-Condo is
Warrantable per FNMA Approval in file - Questionnaire not required - Due
Diligence Vendor-07/20/2026 |
Months Reserves exceed
minimum required - Lender minimum reserves 0m PITIA, borrower reserves
749m. Long term residence - Long Term Residence = 3+ years |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | ||
| 380 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1194 | 2026-07-14 16:12 | 2026-07-20 10:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Condo is
Warrantable per FNMA Approval in file - NO LTV Reduction required - Due
Diligence Vendor-07/XX/2026 Ready for Review-The auditor is misinterpreting the structural formatting of the Cup XX DSCR "Property Specific" overlay matrix.Row-by-Row Isolation: Each line item under the "Property Specific" header governs a mutually exclusive property designation. Restrictions do not cascade across rows.Line-Item Analysis:Row 1 ("Non-Warrantable Condo"): Mandates a 5% CLTV reduction for Florida properties.Row 2 ("Condotel / PUDtel"): Mandates a 5% CLTV reduction for Florida properties.Subject Property Exemption: The subject property is fully documented as a standard, agency-conforming Warrantable Condo. Because it is Warrantable, it cannot be categorized under the Non-Warrantable row or the Condotel row.Conclusion: There is no row in the "Property Specific" matrix that applies a geographic Florida reduction to standard Warrantable Condos. Therefore, the loan appropriately defaults to the master XX XX DSCR program boundaries, which fully support the funded 70% LTV.Please override the auditor's interpretation, align the loan status with the property's actual warrantable designation, and permanently close out this review item. - Seller-07/XX/2026 Open-Audited LTV of 70% exceeds Guideline LTV of 65% LTV of 70% exceeds Matrix max of 65% LTV. (Matrix requires a 5% LTV reduction for FL Condo, making max LTV 65% vs 70%.) - Due Diligence Vendor-07/XX/2026 |
Ready for Review-The
auditor is misinterpreting the structural formatting of the XX DSCR
"Property Specific" overlay matrix.Row-by-Row Isolation: Each line
item under the "Property Specific" header governs a mutually
exclusive property designation. Restrictions do not cascade across
rows.Line-Item Analysis:Row 1 ("Non-Warrantable Condo"): Mandates a
5% CLTV reduction for Florida properties.Row 2 ("Condotel /
PUDtel"): Mandates a 5% CLTV reduction for Florida properties.Subject
Property Exemption: The subject property is fully documented as a standard,
agency-conforming Warrantable Condo. Because it is Warrantable, it cannot be
categorized under the Non-Warrantable row or the Condotel row.Conclusion:
There is no row in the "Property Specific" matrix that applies a
geographic Florida reduction to standard Warrantable Condos. Therefore, the
loan appropriately defaults to the master XX DSCR program boundaries, which
fully support the funded 70% LTV.Please override the auditor's
interpretation, align the loan status with the property's actual warrantable
designation, and permanently close out this review item. -
Seller-07/XX/2026 |
Resolved-Condo is
Warrantable per FNMA Approval in file - NO LTV Reduction required - Due
Diligence Vendor-07/20/2026 |
Months Reserves exceed
minimum required - Lender minimum reserves 0m PITIA, borrower reserves
749m. Long term residence - Long Term Residence = 3+ years |
ATR/QM: Exempt | ATR/QM: Exempt | $XX | FL | Investment | purchase | NA | N/A | N/A | XX | |||
| 355 | XX | XX | D | A | D | A | C | A | A | A | Closed | FCRE1173 | 2026-07-15 10:36 | 2026-07-29 14:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Condo Master Insurance Policy is Missing | Resolved-Received updated
master policy that reflect borrowers name, address, loan number and lender -
Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. see attached. - Seller-07/XX/2026 Counter-Received rebuttal, however 9.11.3 states Evidence of Insurance must reflect: • Borrower name(s) as they appear on the Note/Security Instrument borrowers name is not reflected on EOI . - Due Diligence Vendor-07/XX/2026 Ready for Review-We respectfully disagree. Borrower name is on the EOI Direct receipt (see page 2 of 3). - Seller-07/XX/2026 Counter-Missing Condo Master Insurance Policy Received XX however does not meet9.11.3 as it does not reflect borrower as they appear on the Note/Security Instrument. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 Open-Missing Condo Master Insurance Policy - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. see attached. - Seller-07/XX/2026 Ready for Review-We respectfully disagree. Borrower name is on the EOI Direct receipt (see page 2 of 3). - Seller-07/XX/2026 Ready for Review-Document Uploaded. Please see attached. - Seller-07/XX/2026 |
Resolved-Received updated
master policy that reflect borrowers name, address, loan number and lender -
Due Diligence Vendor-07/29/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has 784
Required is 680 Borrower has 784 LTV is less than guideline maximum - Required is 85 Borrower has 76.21 Required is 85 Borrower has 76.21 Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.96 Required is 50 Borrower has 37.96 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 355 | XX | XX | D | A | D | A | C | A | A | A | Closed | finding-3652 | 2026-07-14 10:25 | 2026-07-16 13:42 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received
Explanation of lender credit decreased with COC for lock, lender credit not
listed on COC. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The lender credit changed from $329 to a discount of $363375 due the change in loan type, float to lock. The lender credit of $51.54 is a cure for the CR fee. - Seller-07/XX/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 ($51.54) does not exceed or equal the comparable sum of specific and non-specific lender credits ($329.00). 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 $329 to $51.54 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $277.49, 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 09/XX/2026 (2) within 60 days of discovery expires 09/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 07/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The lender credit changed from $329 to a discount of $363375 due
the change in loan type, float to lock. The lender credit of $51.54 is a cure
for the CR fee. - Seller-07/XX/2026 |
Resolved-Received
Explanation of lender credit decreased with COC for lock, lender credit not
listed on COC. Finding Resolved. - Due Diligence Vendor-07/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has 784
Required is 680 Borrower has 784 LTV is less than guideline maximum - Required is 85 Borrower has 76.21 Required is 85 Borrower has 76.21 Qualifying DTI below maximum allowed - Required is 50 Borrower has 37.96 Required is 50 Borrower has 37.96 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 384 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1764 | 2026-07-15 12:33 | 2026-08-12 17:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Verification of Mortgage | Resolved-The property
profile confirms property 3A was sold. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. The 1003 indicated XX was pending sale with the mortgage payment included in the DTI. Attached is the property profile supporting that the borrower no longer owns the property. - Seller-07/XX/2026 Counter-Received PITIA for 3b and 3d. Pending receipt of 3a. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. XX mortgage #XXbelongs to XX, XX TX – Note $972.90 – HOA $450/mo – HOI $76.42 – taxes $288.54 = $1,787.86 XX mtg Note $1,320.43 – HOI $153.25 – taxes $478.12 = $1,951.80 Still pending items for #XX linked to XX - #XXy Mtg to link to a property - Seller-07/XX/2026 Open-1. Prop 3a: Provide verification of all escrows. (XX Mtg reports to credit, but no way to determine credit payment is PITIA). 2. Prop 3b: Missing XX Mtg XX loan docs with verification of escrows. 3. Prop 3d: Missing XX Mtg XX loan docs with verification of escrows. 4. XX Mtg XX: Provide docs to verify what property loan secures and evidence whether PIF or not. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The 1003 indicated XX was pending sale with the mortgage payment
included in the DTI. Attached is the property profile supporting that the
borrower no longer owns the property.
- Seller-07/XX/2026 Ready for Review-Document Uploaded. XX mortgage #XXbelongs to XX, XX TX – Note $972.90 – HOA $450/mo – HOI $76.42 – taxes $288.54 = $1,787.86 XX mtg Note $1,320.43 – HOI $153.25 – taxes $478.12 = $1,951.80 Still pending items for #XX linked to XX - #XXy Mtg to link to a property - Seller-07/XX/2026 |
Resolved-The property
profile confirms property 3A was sold. - Due Diligence Vendor-08/12/2026 |
Guideline: Qualifying DTI
below maximum allowed - Required is 50 Borrower has 22.5 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 735 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | purchase | NA | N/A | N/A | XX | ||
| 384 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2026-07-15 11:48 | 2026-08-12 17:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received Gap
Credit. - Due Diligence Vendor-07/XX/2026 Ready for Review-note that the highlighted items on the credit report are the liabilities with higher monthly payments and new auto loan. - Seller-07/XX/2026 Ready for Review-Document Uploaded. Attached is a post-closing credit refresh report. The liabilities have been updated accordingly to match the increased and new auto liabilities. The DTI increased however, the still within tolerance at 30.368%. - Seller-07/XX/2026 Open-Borrower 1 Gap Credit Report is Missing Provide Gap Credit report dated within 10 days of closing date. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-note that
the highlighted items on the credit report are the liabilities with higher
monthly payments and new auto loan. -
Seller-07/XX/2026 Ready for Review-Document Uploaded. Attached is a post-closing credit refresh report. The liabilities have been updated accordingly to match the increased and new auto liabilities. The DTI increased however, the still within tolerance at 30.368%. - Seller-07/XX/2026 |
Resolved-Received Gap
Credit. - Due Diligence Vendor-07/31/2026 |
Guideline: Qualifying DTI
below maximum allowed - Required is 50 Borrower has 22.5 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 735 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | purchase | NA | N/A | N/A | XX | ||
| 384 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2026-07-15 11:20 | 2026-07-31 13:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received CPA
letter and CPA verification - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. sorry about that .... reuploaded - Seller-07/XX/2026 Counter-CPA verification provided, however the CPA Letter is a blank page. Please re-upload. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. - Seller-07/XX/2026 Open-Borrower 1 CPA Letter Missing Missing CPA letter verifying time in business, ownership percentage, and Expense Factor - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. sorry about that .... reuploaded
- Seller-07/XX/2026 Ready for Review-Document Uploaded. - Seller-07/XX/2026 |
Resolved-Received CPA letter
and CPA verification - Due Diligence Vendor-07/31/2026 |
Guideline: Qualifying DTI
below maximum allowed - Required is 50 Borrower has 22.5 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 735 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | purchase | NA | N/A | N/A | XX | ||
| 418 | XX | XX | D | A | D | A | A | A | A | A | Closed | FCRE7347 | 2026-07-15 12:51 | 2026-09-16 17:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lease Agreement | Resolved-Received lease
and proof of receipt. - Due Diligence Vendor-09/XX/2026 Ready for Review-Document Uploaded. See attached bank statement (5/26 Remote Online Deposit) showing proof of receipt for the security deposit ($2,100.00) and the first month's rent ($2,100.00) totaling $4,200.00. - Seller-09/XX/2026 Counter-Received Lease. Lease started 6/XX/26. For newly executed leases with new tenants: provide proof of receipt of both the security deposit and first month's rent. Finding remains. - Due Diligence Vendor-08/XX/2026 Counter-Received 1007. 1007 provided says if currently rented "$0". Market Rent is $1975, but appraisal document property is occupied. Lender to provided updated appraisal. Guideline: A copy of the lease is not required if the appraiser lists the rent on Form 1007/1025; otherwise, a copy must be provided. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. See attached lease agreement for subject property. - Seller-08/XX/2026 Counter-Received rebuttal, however 1007 reflects lease begin/end unknown and $0 rent. and Appraisal report subject Occupant is marked Tenant and photos of bedrooms and bathroom reflect property being occupied. Please provide revised appraisal report with occupancy/photos and 1007 that are in line with each other. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Disagree: The subject property has a prior recent off market sale on 04/XX/2026 to the borrower. At the time of the appraisal on 06/XX/2026, the appraisal photos show the home to be fairly vacant aside from some items possibly left behind from the previous owner. The borrower has a rehab construction budget which includes a trash-out of the property (See Attached) The appraisal reflects the correct information as the monthly market rent of $1,975.00 is to be utilized. - Seller-08/XX/2026 Ready for Review-Document Uploaded. See the attached FNMA Form 1007 with the monthly market rent of $1,975.00 - Seller-07/XX/2026 Open-Subject is tenant occupied and no lease amount provided by appraiser. Provide lease agreement. Subject to additional conditions. Guideline: A copy of the lease is not required if the appraiser lists the rent on Form 1007/1025; otherwise, a copy must be provided. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached bank statement (5/26 Remote Online Deposit) showing
proof of receipt for the security deposit ($2,100.00) and the first month's
rent ($2,100.00) totaling $4,200.00. -
Seller-09/XX/2026 Ready for Review-Document Uploaded. See attached lease agreement for subject property. - Seller-08/XX/2026 Ready for Review-Document Uploaded. Disagree: The subject property has a prior recent off market sale on 04/XX/2026 to the borrower. At the time of the appraisal on 06/XX/2026, the appraisal photos show the home to be fairly vacant aside from some items possibly left behind from the previous owner. The borrower has a rehab construction budget which includes a trash-out of the property (See Attached) The appraisal reflects the correct information as the monthly market rent of $1,975.00 is to be utilized. - Seller-08/XX/2026 Ready for Review-Document Uploaded. See the attached FNMA Form 1007 with the monthly market rent of $1,975.00 - Seller-07/XX/2026 |
Resolved-Received lease and
proof of receipt. - Due Diligence Vendor-09/16/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
772 LTV is less than guideline maximum - Required is 80 Borrower has 70.81 |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | GA | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 312 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | |||||||||||||||||||
| 290 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| 371 | XX | XX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | purchase | NA | |||||||||||||||||||
| 388 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | OK | Investment | purchase | NA | |||||||||||||||||||
| 178 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 279 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| 236 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | NY | Investment | purchase | NA | |||||||||||||||||||
| 370 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-47 | 2026-07-15 14:19 | 2026-07-27 07:57 | Resolved | 1 - Information | C | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Received copy of
ROR that reopened recission with proof sent to borrower. Finding Resolved. -
Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. - Seller-07/XX/2026 Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. -----The Cancel of Date on the Right to Cancel doc is 07/XX/2026 and is less than three days from the closing date of 07/XX/2026. Three days of Rescission was not provided to borrower. Provide evidence that rescission was re-opened for a full three days. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. - Seller-07/XX/2026 |
Resolved-Received copy of
ROR that reopened recission with proof sent to borrower. Finding Resolved. -
Due Diligence Vendor-07/27/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
786 LTV is less than guideline maximum - Required is 80 Borrower has 57.14 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 370 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCOM0014 | 2026-07-17 08:32 | 2026-07-27 07:51 | Resolved | 1 - Information | C | A | Compliance | Closing | Missing evidence appraisal delivered to borrower a minimum of 3 days prior to closing | Resolved-Rec'd Certified
Report Delivery Confirmation of appraisal report. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. attached is a delivery confirmation of the appraisal sent to the borrower. - Seller-07/XX/2026 Open-Missing evidence of appraisal being received 3 or more days prior to closing was not met. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. attached is a delivery confirmation of the appraisal sent to the
borrower. - Seller-07/XX/2026 |
Resolved-Rec'd Certified
Report Delivery Confirmation of appraisal report. - Due Diligence
Vendor-07/20/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
786 LTV is less than guideline maximum - Required is 80 Borrower has 57.14 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 370 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1193 | 2026-07-17 08:45 | 2026-07-21 16:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Received BR
07/XX/2026 Omitted XX 3733 B-A is Authorized user, per 7.1 All installment
loans must be included in the DTI ratio.
Exceptions: payments with 10 or fewer months remaining, debts paid off
at or before closing (with supporting documentation), and authorized user
accounts. REO 3a neg income $-2849.69 verified to REO calculator, mortgage
statement and HOA bill- Results in audited DTI of 46.24% is less than or
equal to Guideline DTI of 50% - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The monthly housing liability for the borrower's property located at XX, totaling $2,849.56, has been included in the borrower's DITI. The borrower's total monthly obligations are calculated as follows: Primary residence PITI: $6,797.34 Monthly liabilities: $996.00 - the XX acct #XXas omitted as the borrower is an auth. user only (see attached) Monthly housing liability for XX: $2,849.56 Total monthly obligations (DITI): $10,643.20. The 1008 Transmittal Summary has been attached as supporting documentation. - Seller-07/XX/2026 Open-Audited DTI of 61.2% exceeds Guideline DTI of 50% Lender does not appear to have considered the REO 3a PITIA loss in DTI calculation - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The monthly housing liability for the borrower's property located
at XX, totaling $2,849.56, has been included in the borrower's DITI. The borrower's total monthly obligations are calculated as follows: Primary residence PITI: $6,797.34 Monthly liabilities: $996.00 - the XX acct #XXas omitted as the borrower is an auth. user only (see attached) Monthly housing liability forX X: $2,849.56 Total monthly obligations (DITI): $10,643.20. The 1008 Transmittal Summary has been attached as supporting documentation. - Seller-07/XX/2026 |
Resolved-Received BR
07/13/2026 Omitted XX 3733 B-A is Authorized user, per 7.1 All installment
loans must be included in the DTI ratio.
Exceptions: payments with 10 or fewer months remaining, debts paid off
at or before closing (with supporting documentation), and authorized user
accounts. REO 3a neg income $-2849.69 verified to REO calculator, mortgage
statement and HOA bill- Results in audited DTI of 46.24% is less than or
equal to Guideline DTI of 50% - Due Diligence Vendor-07/21/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
786 LTV is less than guideline maximum - Required is 80 Borrower has 57.14 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 370 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1506 | 2026-07-17 08:36 | 2026-07-21 16:55 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Income/Debt
conditions cleared. Omitted XX XXis Authorized user, per 7.1 All installment
loans must be included in the DTI ratio.
Exceptions: authorized user accounts. REO 3a neg income $-2849.69
verified to REO calculator, mortgage statement and HOA bill, revisions result
in DTI <50% - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The monthly housing liability for the borrower's property located at XX, totaling $2,849.56, has been included in the borrower's DITI. The borrower's total monthly obligations are calculated as follows: Primary residence PITI: $6,797.34 Monthly liabilities: $996.00 - the XX acct #XXas omitted as the borrower is an auth. user only (see attached) Monthly housing liability for XX: $2,849.56 Total monthly obligations (DITI): $10,643.20. The 1008 Transmittal Summary has been attached as supporting documentation. - Seller-07/XX/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. All debts not considered-See DTI finding - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The monthly housing liability for the borrower's property located
at XX, totaling $2,849.56, has been included in the borrower's DITI. The
borrower's total monthly obligations are calculated as follows: Primary
residence PITI: $6,797.34 Monthly liabilities: $996.00 - the XX acct #XXas
omitted as the borrower is an auth. user only (see attached) Monthly housing
liability for XX: $2,849.56 Total monthly obligations (DITI): $10,643.20. The
1008 Transmittal Summary has been attached as supporting documentation. -
Seller-07/XX/2026 |
Resolved-Income/Debt
conditions cleared. Omitted XX 3733 B-A is Authorized user, per 7.1 All
installment loans must be included in the DTI ratio. Exceptions: authorized user accounts. REO
3a neg income $-2849.69 verified to REO calculator, mortgage statement and
HOA bill, revisions result in DTI <50% - Due Diligence
Vendor-07/21/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
786 LTV is less than guideline maximum - Required is 80 Borrower has 57.14 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 370 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3652 | 2026-07-15 14:19 | 2026-07-21 07:44 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received
explanation that lender credit decreased with COC for lock, lender credit was
not listed on COC. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. The lender credit went from $11,752 to $9,376 due to the float to lock - see attached The $470 was a fee paid by "others". Not the lender, borrower or seller - SEE ATTACHED - Seller-07/XX/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 ($9,846.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($11,752.00). 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 $11,752.00 to $9,846.00 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $1,906.00, 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 09/XX/2026 (2) within 60 days of discovery expires 09/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 07/XX/2029 remains EV3C - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The lender credit went from $11,752 to $9,376 due to the float to
lock - see attached The $470 was a fee paid by "others". Not the lender, borrower or seller - SEE ATTACHED - Seller-07/XX/2026 |
Resolved-Received
explanation that lender credit decreased with COC for lock, lender credit was
not listed on COC. Finding Resolved. - Due Diligence Vendor-07/21/2026 |
Qualifying FICO score is at
least 20 points above minimum for program - Required is 680 Borrower has
786 LTV is less than guideline maximum - Required is 80 Borrower has 57.14 |
XX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 369 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1317 | 2026-07-18 21:25 | 2026-09-10 11:29 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 1 Total Years Employment Verified is Less Than 24 Months | Resolved-CPA letter
provided confirms 3 years of self-employment. - Due Diligence
Vendor-09/XX/2026 Ready for Review-Document Uploaded. See attached CPA Letter verifying 2+ years of self-employment for the borrower. - Seller-07/XX/2026 Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months Application and CPA letter reflect less than 2 years of employment history. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached CPA Letter verifying 2+ years of self-employment for
the borrower. - Seller-07/XX/2026 |
Resolved-CPA letter provided
confirms 3 years of self-employment. - Due Diligence Vendor-09/10/2026 |
Borrower down payment
exceeds minimum require - No lates on credit. Qualifying DTI below maximum allowed - DTI of 18% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 18 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 18 |
XX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 369 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1506 | 2026-07-20 12:06 | 2026-09-10 11:27 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-CPA letter
provided confirms 3 years of self-employment. - Due Diligence
Vendor-09/XX/2026 Ready for Review-Document Uploaded. See attached Rent Free Letter and CPA Letter. - Seller-07/XX/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Pending housing and employment conditions. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached Rent Free Letter and CPA Letter. -
Seller-07/XX/2026 |
Resolved-CPA letter provided
confirms 3 years of self-employment. - Due Diligence Vendor-09/10/2026 |
Borrower down payment
exceeds minimum require - No lates on credit. Qualifying DTI below maximum allowed - DTI of 18% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 18 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 18 |
XX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 369 | XX | XX | C | A | C | A | C | A | A | A | Closed | FCRE1440 | 2026-07-18 21:49 | 2026-07-23 15:17 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received rent
free letter for homeowner Housing History Meets Guideline Requirements - Due
Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. See attached Rent Free Letter for XX. - Seller-07/XX/2026 Open-Housing History Does Not Meet Guideline Requirements Missing rent free letter for borrower's current residence. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached Rent Free Letter for XX. - Seller-07/XX/2026 |
Resolved-Received rent free
letter for homeowner Housing History Meets Guideline Requirements - Due
Diligence Vendor-07/23/2026 |
Borrower down payment
exceeds minimum require - No lates on credit. Qualifying DTI below maximum allowed - DTI of 18% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 18 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 18 |
XX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||
| 369 | XX | XX | C | A | C | A | C | A | A | A | Closed | finding-3352 | 2026-07-16 15:00 | 2026-07-21 10:03 | 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/XX/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/XX/2026 |
Resolved-Loan contains full
appraisal and escrows, meeting HPML compliance. - Due Diligence
Vendor-07/21/2026 |
Borrower down payment
exceeds minimum require - No lates on credit. Qualifying DTI below maximum allowed - DTI of 18% is below the maximum allowed per guidelines of 50% Required is 50 Borrower has 18 Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 18 |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | $XX | CA | Primary Residence | purchase | NA | N/A | N/A | XX | ||||
| 185 | XX | XX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | $XX | CA | Primary Residence | Refinance | Cash Out - Other | |||||||||||||||||||
| 364 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3540 | 2026-07-20 11:51 | 2026-07-24 07:59 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-Received copy of
signed CD. Finding Resolved. - Due Diligence Vendor-07/XX/2026 Ready for Review-Document Uploaded. See attached - Seller-07/XX/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"UXX 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 07/XX/2026 is not signed and there is no evidence of when it was provided to borrower. Statute of Limitations 3 years- Expiration date is 07/XX/2029 - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. See attached -
Seller-07/XX/2026 |
Resolved-Received copy of
signed CD. Finding Resolved. - Due Diligence Vendor-07/24/2026 |
LTV is less than guideline
maximum - Required is 85 Borrower has 36.5 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 702 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | TX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 364 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3634 | 2026-07-20 11:51 | 2026-07-24 07:59 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received copy of
COC for increase in fees. Finding Resolved. - Due Diligence Vendor-07/XX/2026
Ready for Review-Document Uploaded. The loan docs were redrawn on 7/10 and the redraw fee was added and disclosed to the borrower. There was a lock extension done as well. COC form attached - Seller-07/XX/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 $175.00.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 $175.00 Document Redraw Fee 2 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 $275.00, 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 09/XX/2026 (2) within 60 days of discovery expires 09/XX/2026 remains EV2B under TILA 130(b) (3) After 60 days of discovery, no cure, Statute of Limitations - 3 Years; Expiration Date: 07/XX/2029 remains EV3C. Please provide valid coc for Increases - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. The loan docs were redrawn on 7/10 and the redraw fee was added and
disclosed to the borrower. There was a lock extension done as well. COC form
attached - Seller-07/XX/2026 |
Resolved-Received copy of
COC for increase in fees. Finding Resolved. - Due Diligence
Vendor-07/24/2026 |
LTV is less than guideline
maximum - Required is 85 Borrower has 36.5 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 702 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | TX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 364 | XX | XX | C | A | A | A | C | A | A | A | Closed | finding-3625 | 2026-07-20 11:51 | 2026-07-24 07:59 | 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
07/XX/2026 correcting fee into Section A. Finding Resolved. - Due Diligence
Vendor-07/XX/2026 Ready for Review-Document Uploaded. Attached. Fee should be in Block A - Seller-07/XX/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. -----Document Redraw Fee 2 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 07/XX/2027. - Due Diligence Vendor-07/XX/2026 |
Ready for Review-Document
Uploaded. Attached. Fee should be in Block A - Seller-07/XX/2026 |
Resolved-Received PCCD
07/23/2026 correcting fee into Section A. Finding Resolved. - Due Diligence
Vendor-07/24/2026 |
LTV is less than guideline
maximum - Required is 85 Borrower has 36.5 Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 702 |
XX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | $XX | TX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | XX | ||
| 417 | XX | XX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | purchase | NA | |||||||||||||||||||
| 347 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE8701 | 2026-08-06 13:27 | 2026-08-12 17:52 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received Revised
Closing Documentation. - Due Diligence Vendor-08/XX/2026 Ready for Review-Document Uploaded. Attached is the email from closer confirming title is submitting the DOT to be recorded and Updated Borrower docs. - Seller-08/XX/2026 Counter-Upon receipt of corrected Note and Deed, condition can be cleared - Due Diligence Vendor-08/XX/2026 Ready for Review-This finding is valid due to a clerical error in the closing documents. The business entity formation documents provided in the file correctly reflect XX, a Texas Limited Liability Company. There is no legal entity named XX. Upon review, it was determined that the reference to XX on the Note and Mortgage was an inadvertent clerical error made during the closing/funding process. The intended and correct borrowing entity is XX, which is the entity supported by all organizational documents contained in the loan file, including the Articles of Organization and related LLC documentation. Corrective action is currently underway. A corrected Note and Mortgage reflecting the proper legal entity, XX, a Texas Limited Liability Company, have been requested and are pending execution. Upon receipt of the corrected documents, the loan file will accurately reflect the intended borrowing entity. Since XX does not exist, there are no entity formation documents available for that name. - Seller-08/XX/2026 Open-The Business Entity Formation Document is Missing. The note and mortgage are signed in entity with name XX. The entity docs in file reflect XX. Provide the entity docs for XX. - Due Diligence Vendor-08/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the email from closer confirming title is submitting
the DOT to be recorded and Updated Borrower docs. - Seller-08/XX/2026 Ready for Review-This finding is valid due to a clerical error in the closing documents. The business entity formation documents provided in the file correctly reflect XX, a Texas Limited Liability Company. There is no legal entity named XX. Upon review, it was determined that the reference to XX on the Note and Mortgage was an inadvertent clerical error made during the closing/funding process. The intended and correct borrowing entity is XX, which is the entity supported by all organizational documents contained in the loan file, including the Articles of Organization and related LLC documentation. Corrective action is currently underway. A corrected Note and Mortgage reflecting the proper legal entity, XX, a Texas Limited Liability Company, have been requested and are pending execution. Upon receipt of the corrected documents, the loan file will accurately reflect the intended borrowing entity. Since XX does not exist, there are no entity formation documents available for that name. - Seller-08/XX/2026 |
Resolved-Received Revised
Closing Documentation. - Due Diligence Vendor-08/12/2026 |
Guideline: Qualifying FICO
score is at least 20 points above minimum for program - Minimum required FICO
is 720; Borrower has 787. Required is 720 Borrower has 787 Months Reserves exceed minimum required - 5 months reserves; 3 months reserves required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | Cash Out - Other | N/A | N/A | XX | ||
| 347 | XX | XX | C | A | C | A | A | A | A | A | Closed | FCRE0082 | 2026-08-06 13:33 | 2026-08-12 17:50 | Resolved | 1 - Information | C | A | Credit | Title | Vested Owner Signature Requirement Not met | Resolved-Received Revised
Closing documentation reflecting the correct vesting. - Due Diligence
Vendor-08/XX/2026 Ready for Review-Document Uploaded. Attached is the email from closer confirming title is submitting the DOT to be recorded and Updated Borrower docs. - Seller-08/XX/2026 Open-Vested Owner Signature Requirement Not met. Vesting is with XX. Note and Mortgage reflect XX. - Due Diligence Vendor-08/XX/2026 |
Ready for Review-Document
Uploaded. Attached is the email from closer confirming title is submitting
the DOT to be recorded and Updated Borrower docs. - Seller-08/XX/2026 |
Resolved-Received Revised
Closing documentation reflecting the correct vesting. - Due Diligence
Vendor-08/12/2026 |
Guideline: Qualifying FICO
score is at least 20 points above minimum for program - Minimum required FICO
is 720; Borrower has 787. Required is 720 Borrower has 787 Months Reserves exceed minimum required - 5 months reserves; 3 months reserves required. |
XX | ATR/QM: Exempt | ATR/QM: Exempt | $XX | TX | Investment | Refinance | Cash Out - Other | N/A | N/A | XX |