Exhibit 99.04 - Schedule 4
| Loan ID | Redaction 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 |
| XXXX | 2177011 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2026-02-12 14:38 | 2026-03-04 12:22 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Documentation received that prior Primary -XXXX – was owned by Borrower’s LLC and had NO Mortgages - Due Diligence Vendor-03/04/2026 Ready for Review-Document Uploaded. Document Uploaded. XXXX is owned by the LLC and there are no liens against the property, email from Title confirming. Please clear. - Seller-03/03/2026 Counter-Final 1003 states coborrower owned and lived at previous address 9 years not months as originally stated in initial finding. 12 month housing verification required - Due Diligence Vendor-03/02/2026 Ready for Review-so technically we only care about borrowers primary, subject and any MTG on the credit report. XXXX is coborrowers previous address, there is no MTG on co-borrowers credit report. Per the LOE he moved out of XXXX. In this case, we would not even question XXXX as its not on credit/previous address on DSCR. - Seller-02/27/2026 Ready for Review-Document Uploaded. please clear there is no guideline that needs the timeframe, property has been owned since XXXX please clear. - Seller-02/24/2026 Counter-Snip provided reflecting XXXX is owned by a business, however it does not reflect the duration. - Due Diligence Vendor-02/24/2026 Ready for Review-Document Uploaded. address for XXXX is owned by business there is no payment obligation to that address it's a business expense, please clear. - Seller-02/20/2026 Open-Housing History Does Not Meet Guideline Requirements The co borrower moved into the borrower's primary residence 3 months prior. For 9 months the co borrower had a separate residence at XXXX. No verification of the mortgage payment or free and clear status of this property was identified in the file. - Due Diligence Vendor-02/12/2026 |
Ready for Review-Document Uploaded. Document Uploaded. XXXX is owned by the LLC and there are no liens against the property, email from Title confirming. Please clear. - Seller-03/03/2026 Ready for Review-so technically we only care about borrowers primary, subject and any MTG on the credit report. XXXX is coborrowers previous address, there is no MTG on co-borrowers credit report. Per the LOE he moved out of XXXX. In this case, we would not even question XXXX as its not on credit/previous address on DSCR. - Seller-02/27/2026 Ready for Review-Document Uploaded. please clear there is no guideline that needs the timeframe, property has been owned since XXXX please clear. - Seller-02/24/2026 Ready for Review-Document Uploaded. address for XXXX is owned by business there is no payment obligation to that address it's a business expense, please clear. - Seller-02/20/2026 |
Resolved-Documentation received that prior Primary - XXXX – was owned by Borrower’s LLC and had NO Mortgages - Due Diligence Vendor-03/04/2026 |
Months Reserves exceed minimum required - 3 months required subject 90.25 months Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 725 Required is 680 Borrower has 725 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2177011 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1441 | 2026-02-12 15:54 | 2026-03-04 12:22 | Resolved | 1 - Information | C | A | Credit | Eligibility | Delinquent Credit History Does Not Meet Guideline Requirements | Resolved-Received LOE and police report. - Due Diligence Vendor-02/24/2026 Ready for Review-Document Uploaded. police report obtained and uploaded please clear - Seller-02/20/2026 Open-Delinquent Credit History Does Not Meet Guideline Requirements Proof the two collections, XXXX were paid off at or prior to close. - Due Diligence Vendor-02/12/2026 |
Ready for Review-Document Uploaded. police report obtained and uploaded please clear - Seller-02/20/2026 |
Resolved-Received LOE and police report. - Due Diligence Vendor-02/24/2026 |
Months Reserves exceed minimum required - 3 months required subject 90.25 months Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 725 Required is 680 Borrower has 725 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2177011 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0068 | 2026-02-12 14:18 | 2026-02-13 12:37 | Waived | 2 - Non-Material | C | B | Credit | Closing | Remaining Equity is less than $40,000 which does not meet guideline requirement | Waived-Originator exception granted to allow waiving of the minimum equity of $40,000, Non-material waiver applied with comp factors.non-material due to Excellent credit and reserves. - Due Diligence Vendor-02/13/2026 Open-Remaining equity is less than $40,000 which does not meet guideline requirement. An exception was made for less than $40,000. - Due Diligence Vendor-02/12/2026 |
Waived-Originator exception granted to allow waiving of the minimum equity of $40,000, Non-material waiver applied with comp factors.non-material due to Excellent credit and reserves. - Due Diligence Vendor-02/13/2026 |
Months Reserves exceed minimum required - 3 months required subject 90.25 months Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 725 Required is 680 Borrower has 725 |
# of Months Reserves --6 DTI-- DSCR LTV / CLTV% --80 FICO --725 # of Tradelines-- 7 Years of Monthly Payments --20 Years on the Job --DSCR Years at Present Address --20 # of Months 0X30 Payments --239 Benefit to Borrower -- Cash out to invest in another rental property |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | ||
| XXXX | 2177011 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2026-02-12 15:12 | 2026-02-13 12:36 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Originator exception granted to allow 80% LTV, Non-material waiver applied with comp factors non-material due to Excellent credit and reserves - Due Diligence Vendor-02/13/2026 Open-Audited LTV of 76.34% exceeds Guideline LTV of 75% An exception was made to 80% LTV - Due Diligence Vendor-02/12/2026 |
Waived-Originator exception granted to allow 80% LTV, Non-material waiver applied with comp factors non-material due to Excellent credit and reserves - Due Diligence Vendor-02/13/2026 |
Months Reserves exceed minimum required - 3 months required subject 90.25 months Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 725 Required is 680 Borrower has 725 |
# of Months Reserves --6 DTI-- DSCR LTV / CLTV% --80 FICO --725 # of Tradelines-- 7 Years of Monthly Payments --20 Years on the Job --DSCR Years at Present Address --20 # of Months 0X30 Payments --239 Benefit to Borrower -- Cash out to invest in another rental property |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX | ||
| XXXX | 2177018 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | XXXX | |||||||||||||||||
| XXXX | 2177019 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | XXXX | |||||||||||||||||
| XXXX | 2176975 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | XXXX | |||||||||||||||||
| XXXX | 2177009 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0068 | 2026-04-22 08:29 | 2026-04-30 13:18 | Waived | 2 - Non-Material | C | B | Credit | Closing | Remaining Equity is less than $40,000 which does not meet guideline requirement | Waived-Originator provided a waiver for minimum equity < $40,000, applied to non material finding with comp factors - Due Diligence Vendor-04/30/2026 Ready for Review-Document Uploaded. Exception granted uploaded Comp factors: fico: 775 0x30: 24 months - Seller-04/29/2026 Open-Remaining equity is less than $40,000 which does not meet guideline requirement. Minimum Equity Requirement $40,000 has NOT been met. The loan amount XXXX value is XXXX short $30K. - Due Diligence Vendor-04/22/2026 |
Ready for Review-Document Uploaded. Exception granted uploaded Comp factors: fico: 775 0x30: 24 months - Seller-04/29/2026 |
Waived-Originator provided a waiver for minimum equity < $40,000, applied to non material finding with comp factors - Due Diligence Vendor-04/30/2026 |
On time mortgage history exceeds guideline requirement - 0x30x12 in the past 41 months Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 775 is higher than the required 720 Required is 720 Borrower has 775 |
FICO: 775 >700 minimum required Housing history: 0x30 for 24 months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |
| XXXX | 2177000 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1158 | 2026-04-23 08:07 | 2026-05-06 10:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Received HOI and Lender explanation for premium difference. - Due Diligence Vendor-05/06/2026 Ready for Review-. Waived impounds on a Refi we collect 2 months to make sure we collect for up to 1st payment date. We did not have the renewal in so we add a 10% cushion to the current premium for hazard insurance to make sure we have enough. as stated on the previous response. - Seller-05/04/2026 Counter-Received duplicate HOI statement reflecting XXXX. Lender collected based on XXXX. If HOI is XXXX, CD is incorrect. Additional findings may apply. - Due Diligence Vendor-05/01/2026 Ready for Review-Document Uploaded. this is addressed in the email, that at the time there was no renewal info so the amount was est. - Seller-04/29/2026 Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Provide the updated Policy. Ins. email pg 509 and based on pg 611 and 716 since the payment is escrowed and the break down on the Tape supports the closing worksheet. Premium on dec page provided reflects XXXX lender collected based on a premium of XXXX- Due Diligence Vendor-04/23/2026 |
Ready for Review-. Waived impounds on a Refi we collect 2 months to make sure we collect for up to 1st payment date. We did not have the renewal in so we add a 10% cushion to the current premium for hazard insurance to make sure we have enough. as stated on the previous response. - Seller-05/04/2026 Ready for Review-Document Uploaded. this is addressed in the email, that at the time there was no renewal info so the amount was est. - Seller-04/29/2026 |
Resolved-Received HOI and Lender explanation for premium difference. - Due Diligence Vendor-05/06/2026 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 760 is higher than the required 680 Required is 680 Borrower has 782 On time mortgage history exceeds guideline requirement - 0x30x12 in the past 56 months |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2177002 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | XXXX | |||||||||||||||||
| XXXX | 2177006 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2026-04-23 15:03 | 2026-05-07 16:23 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Document Uploaded. Originator waiver applied to non-material finding with compensating factors. Exception to allow a private party VOR without cancelled checks. - Due Diligence Vendor-05/07/2026 Counter-Payment verification for the primary residence and other REO provided, however we are missing the payment history for the Subject Property. - Due Diligence Vendor-05/01/2026 Ready for Review-Document Uploaded. please find payment history and docs - Seller-04/29/2026 Open-Housing History Does Not Meet Guideline Requirements A verification of mortgage was used to verify the subject property's payment history. The lender is a private party/non-institutional lender. Per the applicable guidelines the mortgage must be verified with canceled checks. Please provide cancelled checks. - Due Diligence Vendor-04/23/2026 |
Ready for Review-Document Uploaded. please find payment history and docs - Seller-04/29/2026 |
Waived-Document Uploaded. Originator waiver applied to non-material finding with compensating factors. Exception to allow a private party VOR without cancelled checks. - Due Diligence Vendor-05/07/2026 |
Months Reserves exceed minimum required - 3 months required, 41.5 verified. Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 702 |
702 fico, min 680 41.5 months of reserves, |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | XXXX |
| XXXX | 2177006 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1182 | 2026-04-23 15:34 | 2026-05-01 17:13 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided | Resolved-Received Approval. - Due Diligence Vendor-05/01/2026 Ready for Review-Document Uploaded. approval - Seller-04/29/2026 Open-Missing Approval/Underwriting Summary Please provide. - Due Diligence Vendor-04/23/2026 |
Ready for Review-Document Uploaded. approval - Seller-04/29/2026 |
Resolved-Received Approval. - Due Diligence Vendor-05/01/2026 |
Months Reserves exceed minimum required - 3 months required, 41.5 verified. Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 702 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2177013 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | XXXX | |||||||||||||||||
| XXXX | 2176995 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | XXXX | |||||||||||||||||
| XXXX | 2177014 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | XXXX | |||||||||||||||||
| XXXX | 2200801 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | XXXX | |||||||||||||||||
| XXXX | 2206757 | XXXX | C | B | C | B | A | A | C | A | Closed | FPRO1257 | 2026-08-10 09:09 | 2026-09-29 16:20 | Resolved | 1 - Information | C | A | Property | Value | Primary Property Value is not Substantiated | Resolved-Primary Property Value is substantiated, either by the presence of an additional valuation within -10% variance to the Primary, or, if no additional valuations are present, the CU or LCA Score is equal to or less than 2.5. - Due Diligence Vendor-09/29/2026 Resolved-Received an Enhanced desk review product from XXXX in support of appraisal with -0.09% variance and risk rating Reasonable. - Due Diligence Vendor-08/11/2026 Ready for Review-Document Uploaded. ARR - Seller-08/10/2026 Open-The Primary Property Value is unsubstantiated. Additional valuation product is required. Only appraisal provided. missing secondary valuation Desk Review for this 2 unit subject. - Due Diligence Vendor-08/10/2026 |
Ready for Review-Document Uploaded. ARR - Seller-08/10/2026 |
Resolved-Primary Property Value is substantiated, either by the presence of an additional valuation within -10% variance to the Primary, or, if no additional valuations are present, the CU or LCA Score is equal to or less than 2.5. - Due Diligence Vendor-09/29/2026 Resolved-Received an Enhanced desk review product from XXXX in support of appraisal with -0.09% variance and risk rating Reasonable. - Due Diligence Vendor-08/11/2026 |
Months Reserves exceed minimum required - Reserves = 42 months – Required Reserves = 3 Months Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 684 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2206757 | XXXX | C | B | C | B | A | A | C | A | Closed | FCRE1197 | 2026-08-10 11:24 | 2026-08-28 11:34 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited FICO is less than Guideline FICO | Resolved-Received xpl. DSCR matrix reflects FICO 660-699 contact lock desk for UW requirements. Rate Locked XXXX with 684 FICO. - Due Diligence Vendor-08/11/2026 Ready for Review-Per our guidelines, we may go down to 660 as long as our lock desk allows... the fact that we locked the loan will prove that the lock desk accepted below 700 - Seller-08/10/2026 Open-Audited FICO of 684 is less than Guideline FICO of 700 min score 700 per guidelines. Audited FICO of 684 is less than Guideline FICO of 700 - Due Diligence Vendor-08/10/2026 |
Ready for Review-Per our guidelines, we may go down to 660 as long as our lock desk allows... the fact that we locked the loan will prove that the lock desk accepted below 700 - Seller-08/10/2026 |
Resolved-Received xpl. DSCR matrix reflects FICO 660-699 contact lock desk for UW requirements. Rate Locked XXXX with 684 FICO. - Due Diligence Vendor-08/11/2026 |
Months Reserves exceed minimum required - Reserves = 42 months – Required Reserves = 3 Months Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 684 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | 2206757 | XXXX | C | B | C | B | A | A | C | A | Closed | FCRE1481 | 2026-08-10 11:13 | 2026-08-18 14:57 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Resolved-After further review- Guidelines do not require an access letter- just limit the amount that can be utilized to the borrower’s percentage of ownership. As Brw is 50% owner of LLC, using 50% of the ending balance for qualifying. - Due Diligence Vendor-08/18/2026 Counter-Received OA, missing signed access letter from XXXX - Due Diligence Vendor-08/18/2026 Ready for Review-Document Uploaded. signed OA - Seller-08/16/2026 Counter-Received unsigned Operating Agreement, Please provide fully executed/filed Operating agreement for entity XXXX - Due Diligence Vendor-08/11/2026 Ready for Review-Document Uploaded. requested OA - Seller-08/10/2026 Open-Asset Record 3 Does Not Meet G/L Requirements XXXX - missing signed operating agreement for borrower is 50% owner and 100% access letter from other business partner. - Due Diligence Vendor-08/10/2026 |
Ready for Review-Document Uploaded. signed OA - Seller-08/16/2026 Ready for Review-Document Uploaded. requested OA - Seller-08/10/2026 |
Resolved-After further review- Guidelines do not require an access letter- just limit the amount that can be utilized to the borrower’s percentage of ownership. As Brw is 50% owner of LLC, using 50% of the ending balance for qualifying. - Due Diligence Vendor-08/18/2026 |
Months Reserves exceed minimum required - Reserves = 42 months – Required Reserves = 3 Months Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 684 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2206757 | XXXX | C | B | C | B | A | A | C | A | Closed | FCRE1480 | 2026-08-10 10:36 | 2026-08-12 13:02 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-Assets 2 is the 1031 exchange account and does not belong to the borrower. This is showing the available funds from the 1031 exchange. - Due Diligence Vendor-08/12/2026 Ready for Review-Document Uploaded. This was the escrow account statement for the XXXX for the 1031 exchange funds they were holding. Please see the funds confirmation letters from them. - Seller-08/10/2026 Open-Asset Record 2 Does Not Meet G/L Requirements XXXX missing 30 days account history and name and address. this is 1031 exchange - Due Diligence Vendor-08/10/2026 |
Ready for Review-Document Uploaded. This was the escrow account statement for the XXXX for the 1031 exchange funds they were holding. Please see the funds confirmation letters from them. - Seller-08/10/2026 |
Resolved-Assets 2 is the 1031 exchange account and does not belong to the borrower. This is showing the available funds from the 1031 exchange. - Due Diligence Vendor-08/12/2026 |
Months Reserves exceed minimum required - Reserves = 42 months – Required Reserves = 3 Months Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 684 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2206757 | XXXX | C | B | C | B | A | A | C | A | Closed | FCRE8201 | 2026-08-10 11:18 | 2026-08-10 13:35 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted to allow exposure to exceed guides., Non-material waiver applied with comp factors. - Due Diligence Vendor-08/10/2026 Open-Lender exception for XXXX exposure over 10 loans/$7.5 mm and property concentration same borrower purchasing 12 properties for the same borrower. - Due Diligence Vendor-08/10/2026 |
Waived-Originator exception granted to allow exposure to exceed guides., Non-material waiver applied with comp factors. - Due Diligence Vendor-08/10/2026 |
Months Reserves exceed minimum required - Reserves = 42 months – Required Reserves = 3 Months Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 684 Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | XXXX | |||
| XXXX | 2206765 | XXXX | D | B | D | B | A | A | C | A | Closed | FPRO1257 | 2026-08-10 13:15 | 2026-09-29 16:22 | Resolved | 1 - Information | C | A | Property | Value | Primary Property Value is not Substantiated | Resolved-Primary Property Value is substantiated, either by the presence of an additional valuation within -10% variance to the Primary, or, if no additional valuations are present, the CU or LCA Score is equal to or less than 2.5. - Due Diligence Vendor-09/29/2026 Resolved-Received desk review, Primary Property Value is substantiated - Due Diligence Vendor-08/18/2026 Ready for Review-Document Uploaded. corrected XXXX - Seller-08/17/2026 Counter-Received desk review reflecting appraised value as XXXX. Missing desk review supporting appraised value of XXXX - Due Diligence Vendor-08/12/2026 Ready for Review-Document Uploaded. XXXX - Seller-08/10/2026 Open-The Primary Property Value is unsubstantiated. Additional valuation product is required. Missing secondary valuation Desk Review for 2 unit subject. - Due Diligence Vendor-08/10/2026 |
Ready for Review-Document Uploaded. corrected XXXX - Seller-08/17/2026 Ready for Review-Document Uploaded. XXXX - Seller-08/10/2026 |
Resolved-Primary Property Value is substantiated, either by the presence of an additional valuation within -10% variance to the Primary, or, if no additional valuations are present, the CU or LCA Score is equal to or less than 2.5. - Due Diligence Vendor-09/29/2026 Resolved-Received desk review, Primary Property Value is substantiated - Due Diligence Vendor-08/18/2026 |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 DSCR % greater than 1.20 - DSCR 1.349 MIn DSCR 1.00 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2206765 | XXXX | D | B | D | B | A | A | C | A | Closed | FCRE1480 | 2026-08-10 13:37 | 2026-08-18 14:59 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-After further review- Guidelines do not require an access letter- just limit the amount that can be utilized to the borrower’s percentage of ownership. As Brw is 50% owner of LLC, using 50% of the ending balance for qualifying. - Due Diligence Vendor-08/18/2026 Counter-Received fully executed OA, missing signed access letter from XXXX - Due Diligence Vendor-08/18/2026 Ready for Review-Document Uploaded. signed OA - Seller-08/16/2026 Counter-Received unexecuted Operating Agreement. Please provide fully executed Operating Agreement - Due Diligence Vendor-08/12/2026 Ready for Review-Document Uploaded. OA - Seller-08/10/2026 Open-Asset Record 2 Does Not Meet G/L Requirements For account ending in XXXX - missing Operating Agreement that borrower is 50% owner and also missing 100% access letter from other business partner. - Due Diligence Vendor-08/10/2026 |
Ready for Review-Document Uploaded. signed OA - Seller-08/16/2026 Ready for Review-Document Uploaded. OA - Seller-08/10/2026 |
Resolved-After further review- Guidelines do not require an access letter- just limit the amount that can be utilized to the borrower’s percentage of ownership. As Brw is 50% owner of LLC, using 50% of the ending balance for qualifying. - Due Diligence Vendor-08/18/2026 |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 DSCR % greater than 1.20 - DSCR 1.349 MIn DSCR 1.00 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2206765 | XXXX | D | B | D | B | A | A | C | A | Closed | FCRE1479 | 2026-08-10 13:37 | 2026-08-12 14:32 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Received 1031 exchange agreement and accommodator confirmation of funds available. - Due Diligence Vendor-08/12/2026 Ready for Review-Document Uploaded. This was the escrow account statement for the XXXX for the 1031 exchange funds they were holding. Please see the funds confirmation letters from them. - Seller-08/10/2026 Open-Asset Record 1 Does Not Meet G/L Requirements Statement ending in account XXXX: This is a 1031 exchange. Missing 1031 Exchange Agreement. - Due Diligence Vendor-08/10/2026 |
Ready for Review-Document Uploaded. This was the escrow account statement for the XXXX for the 1031 exchange funds they were holding. Please see the funds confirmation letters from them. - Seller-08/10/2026 |
Resolved-Received 1031 exchange agreement and accommodator confirmation of funds available. - Due Diligence Vendor-08/12/2026 |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 DSCR % greater than 1.20 - DSCR 1.349 MIn DSCR 1.00 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2206765 | XXXX | D | B | D | B | A | A | C | A | Closed | FCRE8700 | 2026-08-10 13:04 | 2026-08-12 14:28 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Missing EIN Number for Business Entity | Resolved-Received EIN. - Due Diligence Vendor-08/12/2026 Ready for Review-Document Uploaded. EIN - Seller-08/10/2026 Open-Business Entity EIN value is invalid (Field value is ''). Missing EIN# for XXXX - Due Diligence Vendor-08/10/2026 |
Ready for Review-Document Uploaded. EIN - Seller-08/10/2026 |
Resolved-Received EIN. - Due Diligence Vendor-08/12/2026 |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 DSCR % greater than 1.20 - DSCR 1.349 MIn DSCR 1.00 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2206765 | XXXX | D | B | D | B | A | A | C | A | Closed | FCRE8702 | 2026-08-10 13:04 | 2026-08-12 14:28 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received Op Agreement - Due Diligence Vendor-08/12/2026 Ready for Review-Document Uploaded. OA - Seller-08/10/2026 Open-The Business Entity Formation Document is incomplete Missing Operating Agreement for XXXX - Due Diligence Vendor-08/10/2026 |
Ready for Review-Document Uploaded. OA - Seller-08/10/2026 |
Resolved-Received Op Agreement - Due Diligence Vendor-08/12/2026 |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 DSCR % greater than 1.20 - DSCR 1.349 MIn DSCR 1.00 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2206765 | XXXX | D | B | D | B | A | A | C | A | Closed | FCRE8201 | 2026-08-10 13:43 | 2026-08-10 16:54 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted to allow exposure over 10 loans/7.5MM. Non- material waiver applied with comp factors - Due Diligence Vendor-08/10/2026 Open-Lender exception for borrower exposure over 10 loans /$7.5 mm and property concentration. - Due Diligence Vendor-08/10/2026 |
Waived-Originator exception granted to allow exposure over 10 loans/7.5MM. Non- material waiver applied with comp factors - Due Diligence Vendor-08/10/2026 |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 DSCR % greater than 1.20 - DSCR 1.349 MIn DSCR 1.00 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | XXXX | |||
| XXXX | 2206756 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1197 | 2026-08-10 12:35 | 2026-09-02 12:58 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited FICO is less than Guideline FICO | Resolved-Audited FICO of 684 is greater than or equal to Guideline FICO of 660 - Due Diligence Vendor-09/02/2026 Resolved-Per the matrix the min fico is 660. - Due Diligence Vendor-08/12/2026 Ready for Review-Our guidelines permit the FICO below 700 as long as its ok by our lock desk... the fact that the loan is locked is proof that our lock desk was ok with this - Seller-08/10/2026 Open-Audited FICO of 684 is less than Guideline FICO of 700 Score for grading is 684, guideline minimum is 700. - Due Diligence Vendor-08/10/2026 |
Ready for Review-Our guidelines permit the FICO below 700 as long as its ok by our lock desk... the fact that the loan is locked is proof that our lock desk was ok with this - Seller-08/10/2026 |
Resolved-Audited FICO of 684 is greater than or equal to Guideline FICO of 660 - Due Diligence Vendor-09/02/2026 Resolved-Per the matrix the min fico is 660. - Due Diligence Vendor-08/12/2026 |
Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 684 DSCR % greater than 1.20 - Calculated DSCR is 1.35, guideline minimum is 1. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | 2206756 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1481 | 2026-08-10 12:26 | 2026-08-18 15:03 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Resolved-After further review- Guidelines do not require an access letter- just limit the amount that can be utilized to the borrower’s percentage of ownership. As Brw is 50% owner of LLC, using 50% of the ending balance for qualifying. - Due Diligence Vendor-08/18/2026 Counter-Received fully executed OA, missing signed access letter from XXXX - Due Diligence Vendor-08/18/2026 Ready for Review-Document Uploaded. signed OA - Seller-08/16/2026 Counter-Received operating agreement, however it is not executed. Missing fully executed Operating Agreement confirming 50% ownership - Due Diligence Vendor-08/12/2026 Ready for Review-Document Uploaded. OA - Seller-08/10/2026 Open-Asset Record 3 Does Not Meet G/L Requirements XXXX account is held in the name of a business(XXXX). Missing the signed operating agreement and consent from the business owner confirming use of the business funds for the subject transaction. - Due Diligence Vendor-08/10/2026 |
Ready for Review-Document Uploaded. signed OA - Seller-08/16/2026 Ready for Review-Document Uploaded. OA - Seller-08/10/2026 |
Resolved-After further review- Guidelines do not require an access letter- just limit the amount that can be utilized to the borrower’s percentage of ownership. As Brw is 50% owner of LLC, using 50% of the ending balance for qualifying. - Due Diligence Vendor-08/18/2026 |
Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 684 DSCR % greater than 1.20 - Calculated DSCR is 1.35, guideline minimum is 1. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2206756 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2026-08-10 12:31 | 2026-08-10 16:52 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Waiver applied to non material finding with comp factors. - Due Diligence Vendor-08/10/2026 Open-Lender exception for XXXX exposure over 10 loans/$7.5mm and property concentration. - Due Diligence Vendor-08/10/2026 |
Waived-Waiver applied to non material finding with comp factors. - Due Diligence Vendor-08/10/2026 |
Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 684 DSCR % greater than 1.20 - Calculated DSCR is 1.35, guideline minimum is 1. |
reserves 12+ months longer term homeownership over 5 yrs. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | 2206758 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1481 | 2026-08-10 14:30 | 2026-08-18 15:06 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Resolved-After further review- Guidelines do not require an access letter- just limit the amount that can be utilized to the borrower’s percentage of ownership. As Brw is 50% owner of LLC, using 50% of the ending balance for qualifying. - Due Diligence Vendor-08/18/2026 Counter-Received fully executed OA, missing signed access letter from XXXX - Due Diligence Vendor-08/18/2026 Ready for Review-Document Uploaded. signed OA - Seller-08/16/2026 Counter-Operating agreement to be signed. - Due Diligence Vendor-08/12/2026 Ready for Review-Document Uploaded. OA - Seller-08/11/2026 Open-Asset Record 3 Does Not Meet G/L Requirements For account ending in XXXX - missing Operating Agreement that borrower is 50% owner and also missing 100% access letter from other business partner. - Due Diligence Vendor-08/10/2026 |
Ready for Review-Document Uploaded. signed OA - Seller-08/16/2026 Ready for Review-Document Uploaded. OA - Seller-08/11/2026 |
Resolved-After further review- Guidelines do not require an access letter- just limit the amount that can be utilized to the borrower’s percentage of ownership. As Brw is 50% owner of LLC, using 50% of the ending balance for qualifying. - Due Diligence Vendor-08/18/2026 |
DSCR % greater than 1.20 - DSCR 1.35 min DSR 1.00 Guideline: LTV is less than guideline maximum - Required is 75 Borrower has 70 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2206758 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2026-08-10 14:37 | 2026-08-10 17:16 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted to allow exposure over 10 loans/7.5MM. Non- material waiver applied with comp factors - Due Diligence Vendor-08/10/2026 Open-Lender exception for borrower exposure over 10 loans/$7.5 mm and property concentration - Due Diligence Vendor-08/10/2026 |
Waived-Originator exception granted to allow exposure over 10 loans/7.5MM. Non- material waiver applied with comp factors - Due Diligence Vendor-08/10/2026 |
DSCR % greater than 1.20 - DSCR 1.35 min DSR 1.00 Guideline: LTV is less than guideline maximum - Required is 75 Borrower has 70 |
reserves 12+ reserves long term employment over 5 yrs long term homeownership over 5 yrs. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | 2206759 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1197 | 2026-08-11 07:56 | 2026-08-28 11:36 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited FICO is less than Guideline FICO | Resolved-Min fico per matrix is 660. - Due Diligence Vendor-08/12/2026 Ready for Review-PER OUR GUIDELINES, BELOW 700 IS PERMITTED WITH ACCEPTANCE FROM OUR LOCK DESK... THE FACT THAT OUR LOCK DESK LOCKED THE LOAN IS SUFFICIENT PROOF IT WAS ACCEPTABLE - Seller-08/11/2026 Open-Audited FICO of 684 is less than Guideline FICO of 700 - Due Diligence Vendor-08/11/2026 |
Ready for Review-PER OUR GUIDELINES, BELOW 700 IS PERMITTED WITH ACCEPTANCE FROM OUR LOCK DESK... THE FACT THAT OUR LOCK DESK LOCKED THE LOAN IS SUFFICIENT PROOF IT WAS ACCEPTABLE - Seller-08/11/2026 |
Resolved-Min fico per matrix is 660. - Due Diligence Vendor-08/12/2026 |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 684 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | 2206759 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1481 | 2026-08-11 07:44 | 2026-08-18 15:09 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Resolved-After further review- Guidelines do not require an access letter- just limit the amount that can be utilized to the borrower’s percentage of ownership. As Brw is 50% owner of LLC, using 50% of the ending balance for qualifying. - Due Diligence Vendor-08/18/2026 Counter-Received fully executed Operating Agreement. Missing signed access letter from XXXX per initial finding - Due Diligence Vendor-08/18/2026 Ready for Review-Document Uploaded. signed OA - Seller-08/16/2026 Counter-Operating agreement to be signed. - Due Diligence Vendor-08/12/2026 Ready for Review-Document Uploaded. OA - Seller-08/11/2026 Open-Asset Record 3 Does Not Meet G/L Requirements XXXX - missing signed operating agreement for borrower is 50% owner and 100% access letter from other business partner. - Due Diligence Vendor-08/11/2026 |
Ready for Review-Document Uploaded. signed OA - Seller-08/16/2026 Ready for Review-Document Uploaded. OA - Seller-08/11/2026 |
Resolved-After further review- Guidelines do not require an access letter- just limit the amount that can be utilized to the borrower’s percentage of ownership. As Brw is 50% owner of LLC, using 50% of the ending balance for qualifying. - Due Diligence Vendor-08/18/2026 |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 684 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2206759 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1480 | 2026-08-11 07:44 | 2026-08-12 15:43 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Resolved-This account is confirming funds from the 1031 exchange and is not the borrower's account. - Due Diligence Vendor-08/12/2026 Ready for Review-Document Uploaded. please see enclosed... this account was the 1031 exchange account ... only showing the 1031 exchange date - Seller-08/11/2026 Open-Asset Record 2 Does Not Meet G/L Requirements XXXX missing 30 days account history and name and address. this is 1031 exchange - Due Diligence Vendor-08/11/2026 |
Ready for Review-Document Uploaded. please see enclosed... this account was the 1031 exchange account ... only showing the 1031 exchange date - Seller-08/11/2026 |
Resolved-This account is confirming funds from the 1031 exchange and is not the borrower's account. - Due Diligence Vendor-08/12/2026 |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 684 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | XXXX | |
| XXXX | 2206759 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2026-08-11 07:58 | 2026-08-11 12:09 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted to allow purchase loans of more than 10 properties for the same borrower under the same LLC, Non-material waiver applied with comp factors. - Due Diligence Vendor-08/11/2026 Open-Lender exception for XXXX exposure over 10 loans /$7.5 mm and property concentration. - Due Diligence Vendor-08/11/2026 |
Waived-Originator exception granted to allow purchase loans of more than 10 properties for the same borrower under the same LLC, Non-material waiver applied with comp factors. - Due Diligence Vendor-08/11/2026 |
Guideline: LTV is less than guideline maximum - Required is 80 Borrower has 70 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 660 Borrower has 684 |
reserves 12+ reserves long term employment over 5 yrs long term homeownership over 5 yrs. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | 2200802 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1506 | 2026-08-11 12:42 | 2026-08-13 12:56 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received property tax calculation. - Due Diligence Vendor-08/13/2026 Ready for Review-Document Uploaded. Kindly see attached. - Buyer-08/12/2026 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing tax certificate/taxes information used to qualify as reflected on final 1008. - Due Diligence Vendor-08/11/2026 |
Resolved-Received property tax calculation. - Due Diligence Vendor-08/13/2026 |
Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 37 Guideline: LTV is less than guideline maximum - Required is 90 Borrower has 80 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | 2200802 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1152 | 2026-08-11 10:24 | 2026-08-13 12:56 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Received property tax calculation. - Due Diligence Vendor-08/13/2026 Ready for Review-Document Uploaded. Please find attached. - Buyer-08/12/2026 Open-Missing Evidence of Property Tax Missing tax certificate/tax information used to qualify as reflected on final 1008. - Due Diligence Vendor-08/11/2026 |
Resolved-Received property tax calculation. - Due Diligence Vendor-08/13/2026 |
Guideline: Qualifying DTI below maximum allowed - Required is 50 Borrower has 37 Guideline: LTV is less than guideline maximum - Required is 90 Borrower has 80 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | XXXX | ||
| XXXX | 2207089 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1317 | 2026-08-30 19:44 | 2026-08-31 11:19 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Borrower 1 Total Years Employment Verified is Less Than 24 Months | Waived-Originator exception granted, non- material waiver applied with comp factors. - Due Diligence Vendor-08/31/2026 Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months The borrower has full year of self employed income in his XXXX business, prior to that he was in intern at a XXXX company; SE less than 2 years - Due Diligence Vendor-08/30/2026 |
Waived-Originator exception granted, non- material waiver applied with comp factors. - Due Diligence Vendor-08/31/2026 |
Residual Income =/> 1.5 times $3,500 monthly residual income - Over $11K residual income Guideline: Qualifying DTI below maximum allowed - Required is 45 Borrower has 33.84 Guideline: Qualifying FICO score is at least 20 points above minimum for program - Required is 680 Borrower has 728 |
DTI over 10% under required residual income over $3k |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX | ||
| XXXX | 2215385 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE5770 | 2026-08-31 14:54 | 2026-09-30 08:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Credit Report is Missing | Resolved-Received Borrower 1 Credit Report - Due Diligence Vendor-09/02/2026 Ready for Review-Document Uploaded. Please see attached 7/31 - Seller-09/01/2026 Open-Borrower 1 Credit Report is Missing. - Due Diligence Vendor-08/31/2026 |
Ready for Review-Document Uploaded. Please see attached 7/31 - Seller-09/01/2026 |
Resolved-Received Borrower 1 Credit Report - Due Diligence Vendor-09/02/2026 |
Months Reserves exceed minimum required - 58 Months Reserves exceed minimum required of 3. Guideline: Qualifying FICO score is at least 20 points above minimum for program - . Required is 700 Borrower has 764 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2215388 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | XXXX | |||||||||||||||||
| XXXX | 2215395 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1158 | 2026-08-31 14:29 | 2026-09-04 12:27 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Received Hazard Insurance Policy that includes policy number - Due Diligence Vendor-09/04/2026 Ready for Review-Document Uploaded. HOI uploaded - Seller-09/03/2026 Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Missing - Hazard Insurance Policy Number - Due Diligence Vendor-08/31/2026 |
Ready for Review-Document Uploaded. HOI uploaded - Seller-09/03/2026 |
Resolved-Received Hazard Insurance Policy that includes policy number - Due Diligence Vendor-09/04/2026 |
Months Reserves exceed minimum required - 32 Months Reserves exceed minimum required of 9. Credit history exceeds minimum required - Credit history exceeds minimum required. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | XXXX | |
| XXXX | 2215391 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | XXXX | |||||||||||||||||
| XXXX | 2216585 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE9992 | 2026-09-15 00:22 | 2026-09-15 14:32 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Expense letter missing | Waived-Originator exception granted to use 30% expense factor (without CPA Attestation). Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-09/15/2026 Ready for Review-Document Uploaded. Please see attached - Buyer-09/15/2026 Open-Guideline state that 12 months business bank statements qualifying income can be determined with either Fixed Expense Ratio of 50% or Expense ratio provided by a 3rd party (CPA, EA, or tax preparer) min ratio of 10%. The Lender qualified the Borrower with an expense ratio of 30%, however the CPA Attestation in file did not answer what the Business Expense factor was. The requirement to qualify the Borrower’s income with a 30% expense factor was not met and must be provided. Additional conditions may apply. - Due Diligence Vendor-09/15/2026 |
Waived-Originator exception granted to use 30% expense factor (without CPA Attestation). Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-09/15/2026 |
Guideline: Qualifying FICO score is at least 20 points above minimum for program - 708 FICO > 680 min required Required is 680 Borrower has 708 Guideline: Qualifying DTI below maximum allowed - 36.14% Qualifying DTI < the 50% maximum qualifying ratio Required is 50 Borrower has 36.14 Guideline: LTV is less than guideline maximum - LTV of 80% is less than guideline maximum of 85%. Required is 85 Borrower has 80 |
708 FICO > 680 min required. LTV of 80% is less than guideline maximum of 85%. 36.14% Qualifying DTI < the 50% maximum qualifying ratio. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | XXXX |